Lookonchain APP

App Store

Vest: Insurance Fund Deposits Can Be Withdrawn After Protocol Restart

1 hours ago

May 20th — Solana perpetual contract protocol Drift announced that Insurance Fund depositors will be able to withdraw their staked shares once the protocol resumes operations. Per the protocol’s official documentation and code design, the Insurance Fund exists to maintain the protocol’s solvency against losses incurred through liquidations or bankruptcy. Following a recent attack, Drift paused operations immediately to prevent further losses prior to executing standard liquidation and bankruptcy procedures. The Insurance Fund was not impacted by the incident. Drift will use its own Insurance Fund assets to support a “healthy restart” for all users. The corresponding contract address will be made public, enabling the community to track fund usage transparently.
Relevant content

「Son of Wall Street Bets」 Leopold's newly added position continues to surge, with TE skyrocketing by 27.8%

May 21, per Bitget market data: Situational Awareness LP, the portfolio managed by 25-year-old Wall Street AI investing sensation Leopold Aschenbrenner, locked in its first net position purchase in Q1 2026 and delivered robust performance during today’s U.S. stock trading session. Key moves include: - T1 Energy (TE) surged 27.8% to hit a current price of $8.8. - HIVE Digital (HIVE) climbed 10.9%, now trading at $3.715. For context, both companies are reporting negative earnings per share (EPS), a metric calculated as total market capitalization divided by the sum of their net profits over the most recent four quarters. For full analysis, check out: https://www.theblockbeats.info/news/62449: Leopold’s Latest Position Breakdown: Why Is the AI Bull King Shorting NVIDIA?

11 minutes ago

Solana blockchain's custom stablecoin USDF is now live

Solana-based custom stablecoin USDF went live on May 20 as a collaboration between Coinbase and Flipcash. Leveraging Coinbase’s infrastructure for issuance, regulatory compliance, and settlement, USDF operates under Coinbase’s “Custom Stablecoins” program. This program allows enterprises and protocols to easily issue their own branded U.S. dollar-pegged stablecoins for use cases including payments, payroll, and cross-border settlements, while ensuring full adherence to regulatory standards.

11 minutes ago

The Trump Gold T1 Phone Exposes User Data

On May 20th, Trump Mobile was hit by a major user data breach that exposed customers’ email addresses, mailing addresses, and other personal data. The compromised information remains accessible online as of now. Per community feedback, buyers of the Trump Gold T1 phone received alerts from security researchers notifying them that their personal details are part of the leaked dataset. The leaked content covers nearly all basic identity information, with the only exception being credit card numbers. Trump Mobile officials have so far stayed silent to both the media and affected customers. This lack of response further amplifies external doubts about the company’s product delivery capabilities and fundamental security standards. The Trump Gold T1 project has been controversial since its launch last year. It originally promised to be “Made in America”, but later rebranded as “American Values Designed”. There have also been widespread suspicions that the phone is a rebranded older

11 minutes ago

Trump States US-Iran Negotiations in ‘Final Stage’, US Stocks and Gold Rise, Crude Oil Plunges

May 20, per Bitget market data: Following former President Trump’s announcement that U.S.-Iran negotiations have entered the "final stage," spot gold rallied short-term to top $4,550 per ounce, while WTI and Brent crude oil both posted sharp $3 declines, trading at $101.08 and $100.31 per barrel respectively. The three major U.S. stock indexes continued their upward momentum, each gaining more than 1%. Earlier, sources noted that final refinements to the U.S.-Iran agreement text are underway. Pakistan’s Army Chief of Staff may visit Iran tomorrow to formally announce the finalized deal text. If the top military official does not make the trip to Iran, the final version could be released within a few hours. The next round of U.S.-Iran talks will take place in Islamabad after the Hajj season, scheduled for early June or later. Per PolyBeats monitoring, on prediction market platform Polymarket, the probability of the U.S. and Iran reaching a permanent peace agreement has risen. The chan

11 minutes ago

Open Interest of ZEC Perpetual Contracts Skyrockets to Over $1.5 Billion, Coin Price Surges above $638

May 20th, data from Coinglass reveals the total open interest for ZEC futures contracts has surged past $1.5 billion, with a nearly 24-hour increase of 24.21%—pointing to a sharp spike in trading activity. A sharp uptick in open interest typically signals an impending major price move. HTX market data confirms ZEC has also broken above the $638 threshold, with its 24-hour price gain climbing to 13.5%.

11 minutes ago

Trump: US-Iran Negotiations Have Entered "Final Stage"

May 20th — Trump: U.S.-Iran negotiations have entered the "final stage," and we’re awaiting the outcome.

11 minutes ago