Lookonchain APP

App Store

Trump’s first appearance after election defeat: Says he will not replace Hegseth, and will destroy the Democratic Party if impeached.

48 minutes ago

According to reports from NBC News, ABC News and other outlets, U.S. President Donald Trump made his first public appearance since the Republican Party’s midterm election landslide defeat, bringing reporters to the construction site of the White House’s ballroom to review progress and sign the final steel beam. He spent significant time praising the venue as "one of the most beautiful in the world," stressing the White House "must be perfect," and rarely discussed the election results unprompted; his remarks on the loss came mostly in response to reporters’ questions. When asked about the defeat, Trump addressed Vice President J.D. Vance’s claim that "we lost because of this war," saying: "I largely think that’s true, because it pushed up oil prices in the short term." But he added that if he could redo the decision, "I’d still do it, because in the long run it’s the only answer—we can’t let Iran have nuclear weapons." He twice emphasized: "If I were on the ballot, we would have won." He also said support from his campaign rallies "didn’t translate to other candidates." On personnel matters, Trump said he would not interfere in the House Republican leadership race, nor had he asked the current speaker to step down. When asked about possibly replacing Defense Secretary Pete Hegseth, he flatly denied, stating: "No, I think he’s doing a fantastic job." ABC noted this stands in contrast to post-election rumors of personnel reshuffles, and a Pentagon spokesperson also confirmed Hegseth would serve out his current term. When discussing a potential impeachment push by Democrats, Trump said: "If they do that, it will destroy the Democratic Party," insisting there is no basis for impeachment. He also mentioned Democrats have reached out to him by phone hoping to communicate, saying "maybe we can get along," but warned of the consequences of impeachment.

Relevant content

Solana-based privacy protocol Privacy Cash has announced a suspension of deposits following the inflow of funds stolen from Binance.

Privacy Cash, a privacy protocol, announced on X that it is temporarily suspending all deposit services, while withdrawal functions remain fully operational. The official stated: "Our original goal in creating Privacy Cash was to provide privacy tools for ordinary people, not to facilitate crime. In light of the recent Binance hack, we must ensure bad actors do not misuse our product." During the suspension, the team will continue to strengthen its wallet screening system, with a specific resumption date to be announced later. According to on-chain analytics firm Elliptic, approximately $1.2 million in stolen ETH and SOL from Binance has flowed into Privacy Cash's privacy pool. Of that amount, around 41 ETH and 9,600 SOL (totaling roughly $1 million) entered on November 3, followed by an additional ~2,300 SOL. This sum represents a tiny fraction of Binance's total stolen funds, which are valued at around $6 billion. Privacy Cash is a zero-knowledge (ZK)-based privacy protocol that supports networks including Solana, Ethereum, Base, BNB, Hyperliquid, and Robinhood Chain. After users deposit assets into the shared pool, they can withdraw to any address via ZK proofs, cutting off on-chain links. The protocol is backed by Alliance DAO, has processed over $600 million in trading volume, and has undergone multiple security audits. The suspension is a proactive compliance and risk control measure taken by the privacy protocol following the large-scale Binance hack on October 29. Assets already deposited by users can still be withdrawn normally.

5 minutes ago

Polygon community proposes hard fork to recover around 70.49 million stolen POL tokens

According to the Polygon community forum, the community has submitted a PIP proposal, which plans to conduct a coordinated hard fork to wipe out approximately 70.49 million native POL tokens from compromised attack addresses and transfer them to designated victim recovery addresses, covering stolen funds from two security incidents involving Polymarket and Binance. The proposal notes that between October 29 and 30, Polymarket and Binance successively suffered security breaches, with stolen native POL flowing into Polygon PoS attack addresses. At the request of relevant parties, block validators have added these addresses to the Bor transaction blacklist. Currently, five attacker-controlled addresses hold a total of ~70.49 million POL: ~23.86 million (across 4 addresses) related to Polymarket, and ~46.63 million (1 address) related to Binance. The blacklist only prevents outbound fund transfers, not asset recovery, and attackers are still attempting to bypass it. The proposal requires zeroing the native POL balances of the listed addresses at a fixed block, while crediting verified recovery addresses with an equal amount: Polymarket’s address is 0x3dcE0a2....a6440b4D952, Binance’s is 0xd9fd391....610b80. Total supply remains unchanged, limited only to the native POL in question. Proposed by Polymarket and Binance, the proposal will be presented at the Polygon protocol governance meeting at 14:30 UTC on November 5. If approved, client development and Amoy testing are expected to wrap up in about two weeks. The proposal emphasizes this is an extreme measure and should not serve as a precedent for normal operations.

5 minutes ago

Upbit's parent company Dunamu attended the National Assembly Legislative Expo, proposing to protect the inheritance rights of virtual assets.

According to Yonhap News Agency, Dunamu, the operator of Upbit, will attend the "2026 National Assembly Legislative Expo" held at the central lawn plaza of the National Assembly Building in Yeouido, Seoul, for two consecutive days starting today. It has set up an exhibition booth under the slogan "The Value of Digital Assets, Safely Passed to the Next Generation", focusing on proposing institutional improvements to strengthen the protection of virtual assets as inheritance property. The company noted that the core goal is to protect users' virtual assets as soon as possible after their death and make it easier for heirs to locate such assets. A Dunamu official stated that virtual assets currently fall into a blind spot of institutional protection in inheritance processes, adding that the firm hopes this policy proposal will serve as an opportunity to solidify the relevant institutional foundation.

5 minutes ago

F2Pool co-founder Wang Chun sold 6,200 wstETH yesterday during ETH's rapid rebound.

On-chain data analyst Yu Jin monitored that between 11 PM and 12 AM yesterday, when ETH surged from $2,315 to $2,440, the address of F2Pool co-founder Wang Chun sold 6,200 wstETH during the rally to convert into 18.5 million USDC, with an average selling price of the ETH equivalent at $2,390. Afterward, he transferred the USDC to Binance.

5 minutes ago

Democratic Party Plans to Introduce Crypto Market Structure Bill to Strengthen SEC’s Regulatory Authority

According to Fox Business reporter Eleanor Terrett, House Democrats are discussing expanding Representative Maxine Waters’ 2025 amendment to the Clarity Act — the Crypto Investor and Consumer Rights Act — into a more comprehensive crypto "market structure" bill for the next Congress. The draft is reportedly set to include provisions from the Democratic version of the Clarity Act previously introduced by Waters in the House but not adopted, as well as parts of an agreement reached between Senate Democrats and Republicans before a September vote that halted debate. Key points under discussion include granting the U.S. Securities and Exchange Commission (SEC) a larger role in regulating crypto markets, while correspondingly scaling back the Commodity Futures Trading Commission (CFTC)’s authority; and possibly adding ethics provisions to restrict crypto-related activities by President Trump and other federal officials. Republicans have referred to the bill as a "statement piece".

5 minutes ago

U.S. Democrats plan to continue advancing the CLARITY Act, which would grant the SEC broader regulatory authority and restrict Trump’s crypto activities.

Crypto journalist Eleanor Terrett broke the news on social media, citing three industry sources who spoke with Democratic congressional staffers: House Democrats are discussing a plan to expand the Crypto Investor and Consumer Rights Act — a 2025 amendment Rep. Maxine Waters proposed to the CLARITY Act — into a broader crypto "market structure" bill for the next Congress. The proposal would combine two sets of provisions: original Democratic CLARITY Act language that Waters introduced in the House (which failed to pass), and terms Senate Democrats struck with Republicans ahead of September’s cloture vote. Discussions reportedly include granting the U.S. Securities and Exchange Commission (SEC) a larger role in overseeing crypto markets, while limiting the U.S. Commodity Futures Trading Commission (CFTC)’s role. Additional ethics rules are also likely to be added to restrict crypto activities by President Trump and other federal officials. Republicans have labeled the measure a "messaging bill" — legislation intended solely to communicate political stances, with little practical chance of being enacted.

5 minutes ago

Popular tokens

BitcoinEthereumHyperliquidSolanaTRONBNBTetherAaveXRPPepeFartcoinOndoJupiterUniswapBonkPendleEthenaArbitrumAvalancheLidoChainlinkPolygonDogecoinCardano