Lookonchain APP

App Store

Sonic Labs Announces Strategic Realignment: Focus on Core Blockchain Infrastructure, Streamline Peripheral Product Line

2 hours ago

On February 12, Sonic Labs announced a strategic realignment to consolidate its product roadmap and channel resources toward core blockchain infrastructure services. This move reflects a broader strategic shift underway across the Web3 ecosystem—companies are increasingly prioritizing scalability, interoperability, and long-term sustainability over the previous multi-product trial-and-error model. Sonic Labs noted the revised strategy will prioritize its foundational technologies, including liquidity infrastructure, a cross-chain communication system, and developer integration tools. By narrowing its operational focus, the firm aims to boost execution efficiency, accelerate product upgrades, and better align with the needs of dApp developers and ecosystem partners.
Relevant content

Mining Firm Cango Announces Completion of $10.5 Million Equity Financing

February 12 — U.S.-listed mining firm Cango Inc. (NYSE: CANG) has completed a $10.5 million equity financing from Enduring Wealth Capital Limited (EWCL), per MarketWatch. The company noted the proceeds will back its expansion into AI and computing infrastructure and further strengthen its balance sheet.

7 minutes ago

The Bhutanese Government Sent 100 BTC to QCP Capital, Worth $6.77 Million

Per Onchain Lens monitoring, an address linked to the Bhutanese government transferred 100 Bitcoin (BTC) valued at $6.77 million to QCP Capital on February 12.

7 minutes ago

Bitcoin Breaks $68,000, Up 2.1% in 24 Hours

Bitcoin topped $68,000 on February 12, per HTX market data, posting a 24-hour gain of 2.1%.

7 minutes ago

Binance Alpha has launched Espresso (ESP)

On February 12, Binance Alpha launched Espresso (ESP), which is currently valued at $23.15 million. Additionally, Binance will list Espresso (ESP) for spot trading on February 12, 2026, at 21:00 Beijing Time.

7 minutes ago

Ethereum Staking Reaches All-Time High with 30% of Circulating Supply, Validators Queueing Up $8 Billion ETH

On February 12, data from ValidatorQueue shows Ethereum’s staked amount has surpassed 30% of its circulating supply, reaching 30.27%—marking a new milestone. Meanwhile, investors continue to queue in the validator queue to deposit $8 billion worth of tokens for staking, also setting a record high.

7 minutes ago

A new wallet withdrew 1.6 million ASTER from Binance, worth approximately $1.12 million

February 12: Per LookOnChain monitoring, a new wallet with the prefix 0xDD6A withdrew 1.6 million ASTER from Binance two hours ago—valued at roughly $1.12 million.

7 minutes ago