Lookonchain APP

App Store

Crypto KOL 0xsun posted about the bullish trend of EIGEN, stating that there is significant room for additional gains in the staking game.

6 hours ago

On September 9th, from Smart Money, and the crypto KOL 0xsun.sol (@0xSunNFT), a post was published stating, "As was previously mentioned, at the end of August, it was noticed that the leadership influence of ETH was on the wane. In the medium to long term, I still hold confidence in ETH, but recently it seems to be lacking a certain amount of momentum. After some thought, I gradually shifted 30% of my ETH long position to several altcoins. All of these altcoins are ones that I believe have a very good fundamental and are in line with the current mainstream narrative to enrich the bullish portfolio. The ones I selected are XPL, Hype, ENA, Eigen, Bonk, and Ondo. I am still observing them. During the past two months of this ETH-led uptrend, it can be seen that many strong coins are ETH-related altcoins, which is very logical. ETH-related altcoins can be divided into several categories, mainly L2-related, DeFi-related, and Restaking-related. The high-quality targets of the first two categories have already risen a lot. Relatively speaking, the restaking track has considerable room for catching up. Undoubtedly, the leader of ETH restaking is Eigen. With the launch of EigenCloud, Eigen has not only become the top restaking protocol and the fastest DA protocol but also the first verifiable cloud system capable of performing on-chain or off-chain tasks. This is also their future direction of focus. In addition, A16Z led the Series B round last year, followed by an additional $70 million investment in June this year, and ETHZilla chose to restake $100 million worth of ETH. All of these are beneficial to the entire ecosystem."
Relevant content

USDT0 is now available on X Layer and OKX Wallet

On September 9th, according to official information, Tether has initiated the cross-chain stablecoin USDT0, and it is now accessible on X Layer and OKX Wallet.

7 minutes ago

U.S. Employment Data "Squeeze" Increases Fed Rate Cut Pressure

September 9th. Based on the preliminary results of the annual benchmark revision made public by the U.S. government on Tuesday, it is expected that the U.S. non-farm payrolls will be revised down by 911,000 over the 12 months ending in March of this year. This amounts to an average monthly reduction of nearly 76,000. The final data will be announced in early next year. Before this report, the government's non-seasonally adjusted employment data showed that employers added nearly 1.8 million jobs in the 12 months ending in March, with an average increase of 149,000 per month. The adjustment by the Bureau of Labor Statistics (BLS) indicates that the recent softening in the labor market occurred after a period of more moderate job growth, laying the groundwork for a series of rate cuts starting next week. Federal Reserve Chairman Powell recently recognized that the risks to the job market have increased. Two of his colleagues are inclined to lower borrowing costs in July. Traders genera

7 minutes ago

Cboe is planning to launch continuous futures contracts for BTC and ETH on November 10th.

September 9th: As per market sources, Cboe intends to commence Bitcoin and Ethereum perpetual futures contracts on November 10th, with a tenure of 10 years. It will also introduce a funding rate mechanism similar to that of perpetual contracts. Note: Continuous futures are a particular manifestation of a futures contract employed to continuously monitor the price fluctuations of an underlying asset, rather than the price of a contract for a single delivery month.

7 minutes ago

US Nonfarm Payrolls Benchmark Revision for 2025 Initial Value: -911K, Expected: -700K

On September 9th, the preliminary value of the US August 2025 Nonfarm Payrolls Benchmark Revision is -911K, with an expected value of -700K. (Forex Factory)

7 minutes ago

US Stock Exchange-listed Company QMMM Plans to Establish a Diversified Cryptocurrency Treasury, with an Initial Size of $100 Million

On September 9th, according to globenewswire, the U.S. listed company QMMM Holdings Ltd. (with the Nasdaq code: QMMM) announced a strategic entry into the cryptocurrency field. This expansion will integrate artificial intelligence with blockchain technology to create the next-generation cryptocurrency analysis tools and a crypto-native ecosystem. QMMM intends to establish a diversified cryptocurrency treasury, with an initial focus on investing in Bitcoin, Ethereum, and Solana (SOL). The treasury is expected to have an initial scale of $100 million, aiming to provide a foundation for stability and transparency.

7 minutes ago

Before the release of the Non-Farm Payrolls baseline revision, the probability of a 50 basis point rate cut by the Fed in September is 9.9%.

September 9th. The preliminary value of the annual U.S. non-farm payroll benchmark change is set to be announced tonight at 22:00 by the U.S. Bureau of Labor Statistics. The previous value was -598K. According to CME's "FedWatch" data, there is a 90.1% probability that the Fed will implement a 25-basis-point rate cut in September and a 9.9% probability of a 50-basis-point cut.

7 minutes ago