Lookonchain APP

App Store

Analysis: The US and Iran are trapped in a war of attrition in the Strait of Hormuz, with both sides facing time pressure.

2 hours ago

As tensions in the Strait of Hormuz continue to escalate, analysts believe the U.S. and Iran are entering a war of attrition centered on time, cost, and political endurance. Reports indicate Trump aims to resolve the conflict before the U.S. midterm elections to avoid further oil price hikes, while Iran is seeking to prolong time without triggering full-scale war by repeatedly threatening shipping in the Strait of Hormuz, in order to wear down the U.S.'s political and military patience. To date, the U.S. has reinstated blockades on Iranian ports and maritime shipping, and has been striking military targets that threaten navigation; Iran, in turn, continues to target Strait of Hormuz shipping lanes with missiles and drones, attempting to disrupt global energy transport. Analysts note that with both sides seeking to avoid full-scale escalation, this standoff is likely to evolve into a prolonged war of attrition.

Relevant content

A whale liquidated all its CASHCAT holdings for cash, notching a staggering 952x return.

According to Lookonchain’s monitoring, a crypto whale has just cashed out $2.85 million in CASHCAT, securing an eye-popping 952x return on investment. The whale spent 1.6 ETH (valued at $3,000) to acquire 16.3 million CASHCAT tokens, then sold all of them for 1527 ETH (worth $2.855 million), locking in a $2.85 million profit.

19 minutes ago

Trump discusses expanding the scope of strikes on Iran.

Three sources familiar with the matter disclosed that on Tuesday local time, U.S. President Donald Trump held a meeting in the White House Situation Room to discuss a large-scale offensive against Iran. The operation will have a broader scope than the current strikes around the Strait of Hormuz. Trump appears to be seeking to escalate the conflict, aiming to inflict sufficient damage to force the Iranian regime to open the Strait of Hormuz and accept his demands on the nuclear issue.

19 minutes ago

Coinbase to List Perpetual Contracts for SK Hynix and Lumentum

Coinbase announced it will add support for perpetual contracts on SK Hynix (SKHY) and Lumentum (LITE). The SKHY-PERP and LITE-PERP stock perpetual contract markets will open at or after 17:00 UTC+8 on July 15, 2026.

19 minutes ago

A whale was liquidated after shorting Changxin Memory contracts.

According to on-chain analyst Ai Yi (handle @ai_9684xtpa), a crypto whale was liquidated in just 28 minutes after taking a short position on Changxin Memory Technologies (CXMT), incurring a $44,000 loss on a $22,000 position. Earlier reports indicated that an address holding over $75 million in assets was building long positions.

19 minutes ago

Tradfi once again beats to the punch on pricing! Changxin Technology's contract is highly sought after, trading at a nearly six-fold premium over its traditional market offering price.

Trade.xyz launched Changxin Technology (ticker: CXMT) stock contracts this morning. As of press time, the contract is trading at $7.2, a nearly 6x premium to its traditional market IPO price of 8.66 yuan per share. The current open interest for the CXMT contract stands at $1.74 million, with trading volume hitting $983,000. Notably, on July 14, Changxin Technology announced its initial public offering (IPO) on the STAR Market, priced at 8.66 yuan per share. Investors will be able to submit online and offline share applications at this price on July 16 (T date).

19 minutes ago

Bitget launches VIP-exclusive BTC wealth management product, offering up to 2.5% APR.

Bitget has launched a VIP-exclusive BTC wealth management campaign, which ends at 18:00 (UTC+8) on July 19. The event is open to VIP users who participated in ARX PoolX between 18:00 (UTC+8) on July 7 and 18:00 (UTC+8) on July 14. Eligible users subscribing to the BTC current-account "Simple Earn" product can enjoy an annual percentage rate (APR) of up to 2.5%. For more details, please refer to Bitget’s official platform.

19 minutes ago