Lookonchain APP

App Store
Feeds Articles

Iran Launches Digital Insurance for Hormuz Strait Navigation Security, Settled in Bitcoin and Other Cryptocurrencies

2 days ago

May 18 – Iran has launched Hormuz Safe, a state-run digital marine insurance platform that issues maritime policies for vessels transiting the Persian Gulf and Strait of Hormuz and settles premium payments via Bitcoin and other cryptocurrencies. According to reports, the platform is backed by Iran’s Ministry of Economy, with the explicit goal of bypassing SWIFT and Western financial intermediaries to cut reliance on traditional global financial systems. Supporters within the Iranian government project that if Hormuz Safe gains a meaningful share of the Persian Gulf maritime insurance market, its revenue could top $10 billion. That said, the platform faces major hurdles: it lacks formal international recognition, carries risks of U.S. secondary sanctions, and its initial client base is expected to be limited to vessels already operating in the sanctioned shipping gray area.
Add to Favorites Download image Share x Copy link
Relevant content

「Du Jun's Whale Trading」 Liquidates Circle Short Position, Loses $683,000

On May 20th, per monitoring data from HyperInsight (via its Telegram channel @HyperInsight), a trader using wallet address 0xd21d9 closed a short position of 11,080 CRCL over the past 24 hours, incurring a total loss of $683,000. Separately, renowned investor Duan Yongping unveiled his Q1 investment portfolio yesterday, disclosing he opened a new position of 200,000 shares of Circle at an average price of $95.41.

1 seconds ago

A Trader Goes Short Over $7.5 Million on SpaceX and Cerebras

On May 20th, monitoring from HyperInsight (https://t.me/HyperInsight) reveals a trader opened leveraged short positions on the Hyperliquid platform. The trader shorted 9,220 shares of SpaceX’s SPCX ticker with 3x leverage, totaling a $1.88 million position. Concurrently, the same trader shorted 18,130 shares of Cerebras’ CBRS ticker—also with 3x leverage—for a $5.63 million position. Combined, these two shorts currently carry over $50,000 in unrealized losses.

1 seconds ago

U.S. Stock Market Storage Sector Gains Across the Board in After-Hours Trading, Micron Technology Up 0.95%

May 20, Bitget market data shows the U.S. stock storage sector posted broad gains in after-hours trading. Micron Technology (MU) advanced 0.95%, SanDisk (SNDK) rose 0.73%, Western Digital (WDC) gained 0.38%, and Seagate Technology (STX) climbed 0.43%.

1 seconds ago

Bitcoin Long-Term Holders' Losses Near Bear Market Peak

On May 20th, on-chain analyst Darkfost noted that Bitcoin’s Long-Term Holder (LTH) unrealized loss has reached 5.7 million coins — mirroring bear market highs from prior cycles: 5.96 million in 2015, 5.8 million in 2019, and 6.8 million in 2022. Even so, BTC’s current price is roughly 52% off its all-time high — a steeper drop than seen in previous bear market corrections. That gap suggests the losses are heavily concentrated among the younger segment of LTHs, most likely driven by significant trading activity in the $80,000–$125,000 price zone.

1 seconds ago

Hyperliquid HIP-3 Document Update: 500,000 HYPE Staking Threshold to Be Gradually Reduced

On May 20th, Hyperliquid has officially updated its HIP-3 documentation. The update states that the 500,000 HYPE staking requirement for deploying a perpetual decentralized exchange (DEX) will gradually drop as the infrastructure matures—any portion staked above the next staking threshold can be unstaked. The document also clarifies: "Any deployer that meets the staking requirement can launch a perpetual DEX. Crucially, each perpetual DEX operates with its own independent margin, order book, and deployer settings. Future upgrades may support multiple DEX deployments using the same deployer and staking requirements." BlockBeats believes lowering the staking threshold will attract more builders to the HIP-3 ecosystem, tap into additional niche markets, and facilitate more experimental projects.

1 seconds ago

Two wallets simultaneously ten times leveraged long on PEPE, with a total position size of $3.37 million

On May 20th, per LookOnChain’s monitoring, two separate wallets simultaneously took 10x long positions on PEPE, totaling $3.37 million.

1 seconds ago

Hot feeds

A trader profits $448K by monitoring #Binance's new listings!

2024.12.13 17:37:29

Last week, funds have flowed into #Bitcoin, #Ethereum, and #Hyperliquid.

2024.12.16 14:48:36

A $PEPE whale that had been dormant for 600 days transferred all 2.1T $PEPE($52M) to a new address.

2024.12.14 10:35:27

When Elon Musk tweeted about Moltbook, the meme coin MOLT experienced a short-term 30% price surge, hitting a new all-time high of $114 million.

2026.01.31 18:37:29

A smart #AI coin trader made $17.6M on $GOAT, $ai16z, $Fartcoin,$arc.

2025.01.05 16:05:18

A sniper earned 2,277 $ETH ($8.3M) trading $SHIRO within 18 hours!

2024.12.03 23:09:08

 More

Hot Articles

Follow us

X

Follow

Telegram

Join