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Trump raises tariffs on Canadian cars and steel to 50%

46 minutes ago

US President Donald Trump will raise tariffs on Canadian automobiles and steel to 50%. In a post, Trump claimed that Canada has been taking advantage of the United States for years. He noted that Canada imposes exorbitantly high tariffs on American farmers and agricultural products, making it difficult for these "great American patriots" to make a living, and has long maintained a $60 billion trade deficit between the two nations. "This situation is unsustainable and will not continue!" he wrote. Starting January 1, 2027, tariffs will be increased to 50% on all cars, trucks (both large and small), auto parts, and steel. Goods produced in the U.S. will not be subject to tariffs at all. "Canada will no longer be treated as a state!" he added. "Whether in trade or other areas, Canada is one of the most difficult countries in the world to deal with. They think they deserve special treatment as a matter of course, but the truth is, we don't need Canada—they need us! 95% of Canada's business is conducted with the U.S., while our situation with Canada is the exact opposite!"

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Aethir has officially launched its ACCELERATE program, locking in 10 data center sites across the U.S. and Europe, with a target contract value exceeding $2 billion.

Aethir today announced the launch of its ACCELERATE strategic project, securing access rights to 10 AI data center sites in the U.S. and Europe, with a total capacity of up to 20 megawatts. The company disclosed that the total contract value of these sites upon full completion will exceed $2 billion, with up to $700 million in contracts expected to be secured by the end of 2026. The sites support NVIDIA B300 and GB300 clusters, with node sizes ranging from 64 to 256 units, and deployment timelines measured in months, rather than the multi-year construction cycles of traditional data centers. Aethir also announced an update to its IDC token economic policy, introducing a burn mechanism and a floating platform fee. The Aethir Foundation holds equity in Axe Compute.

4 minutes ago

Kinetiq’s governance token KNTQ surges over 25% in a short period, with its market capitalization breaking through $260 million.

According to GMGN data, following liquid staking protocol Kinetiq’s announcement of the launch of the new Hyperliquid L2 network Elysium, its governance token KNTQ rallied over 25% in a short period, with market capitalization surpassing $260 million and a 24-hour gain of 45.8%. BlockBeats reminds users that token prices are highly volatile, so caution is advised when investing.

4 minutes ago

Wintermute’s short exposure rises to $211.53 million, with unrealized losses of around $4.12 million.

According to OnchainLens monitoring, crypto market maker Wintermute’s short exposure on Hyperliquid has risen from the prior $190.77 million to $211.53 million, while its HYPE short position has shrunk from $11.43 million to $5.6 million. Its current major short positions are approximately $70.8 million in BTC, $53.83 million in ETH, $17.63 million in SOL, $7.41 million in XRP, and $6.79 million in DOGE. It currently has an unrealized loss of around $4.12 million, and has earned a total of $2.27 million in funding fees. Notably, amid a broad rally in crypto assets, market maker addresses including Wintermute were forced to absorb large sell orders rather than actively shorting. For details, see: 90% of tokens are rising—why does Wintermute hold $160 million in crypto shorts?

4 minutes ago

ZachXBT: US crypto investment platforms BitcoinIRA and iTrustCapital suspected of data breaches this year.

On-chain detective ZachXBT stated that after reviewing relevant evidence, he suspects two U.S. crypto investment platforms, BitcoinIRA and iTrustCapital, suffered data breaches this year, though neither has publicly disclosed the incidents. The leaked information reportedly includes user profiles, portfolio holdings, banking details, custodian information, and verification statuses. ZachXBT added that in June 2026, an attacker exploited the compromised database information to target a BitcoinIRA user, stealing over $1.2 million in assets. He contacted both firms for comment on August 21, but has not received a response as of press time.

4 minutes ago

Arthur Hayes details how to claim the airdrop for his personal newly launched project Flop Network

Arthur Hayes has shared a four-step detailed airdrop guide for his new venture Flop Network. The steps are: 1) Generate an Ed25519 DID key pair for the AI agent, formatted as did:key:z6Mk..., which will serve as the agent’s on-chain identity and future airdrop receiving address; 2) Publish the public key to the Technocore Registry to let the network recognize the identity; 3) The agent signs a check-in message with the private key and sends an HTTP GET request to /lobby; 4) Securely store the private key locally to claim the airdrop allocation during the Q4 snapshot. Earlier on the 19th, Hayes announced in a post that he would end his retirement to lead Flop Labs and launch the FLOP token. He stated that FLOP will act as "food for AI agents", with no presale or VC involvement, adopting a 100% fair launch model to build a currency for the Agentic Economy. More project details will be revealed later, with a large-scale airdrop expected in Q4 2026.

4 minutes ago

Kinetiq is set to launch its new Hyperliquid Layer 2 (L2) network, Elysium, with HYPE as the native gas token.

Hyperliquid ecosystem project Kinetiq has announced the launch of Elysium, a new Hyperliquid L2 network designed to address key pain points including HyperEVM’s performance bottlenecks and the complexity of its dual-block architecture. Elysium will use HYPE as its native gas token, enabling seamless integration with HyperCore and HyperEVM. Deployed in close synergy with the Hyperliquid mainnet, Elysium’s initial block production performance is projected to far outpace HyperEVM levels. The network will support token issuance: projects can launch starting with a long-tail asset AMM, then gradually integrate Elysium’s PropAMM, HyperCore spot order book, and qualify for perpetual contract listings via HIP-3. For its economic model, 25% of Elysium sequencer fees will be allocated to application builders that consume block space, 25% will go to the Kinetiq treasury, and 50% will be used for programmatic purchases of KNTQ tokens on the open market. All purchased KNTQ tokens will be burned and transferred to the Hyperliquid Aid Fund.

4 minutes ago

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