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Long.xyz launches pre-market trading contracts for OpenAI and Anthropic, supporting up to 5x leverage.

1 hours ago

Meme coin launch platform LONG has announced the launch of Pre-IPO trading pairs for OpenAI and Anthropic, with perpetual contract infrastructure provided by Lighter. Long.xyz stated that the platform has established paired liquidity pools for OpenAI, Anthropic, and NVIDIA, with 1x leverage for OpenAI and Anthropic, and 3x leverage for NVIDIA. For the early market, the platform adopts a customized liquidity design to gradually expand liquidity with lower market depth. It is important to note that Pre-IPO contracts do not represent actual ownership of OpenAI or Anthropic shares, but rather track the valuation expectations of these private companies. Lighter’s current OpenAI and Anthropic contracts support a maximum leverage of 5x and use an internal pricing mechanism. Long.xyz emphasized that Pre-IPO trading is still in the experimental stage, and the platform will gradually adjust related products based on market performance. Recent rising expectations for OpenAI and Anthropic’s IPOs have also driven a rapid increase in such on-chain pre-IPO trading products. A new on-chain trading format has emerged: tokenized long positions paired with Memecoins to offer speculative exposure, an upgraded version of the earlier gameplay where stock tokens like NVDA were paired with Memecoins. However, related tokens are highly volatile and carry significant uncertainty, so users should exercise caution when investing.

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Viewpoint: Regulation may emerge as Hyperliquid’s biggest risk, while network effects remain its core moat.

CNBC crypto commentator Ran Neuner stated that regulatory uncertainty is the biggest risk currently facing Hyperliquid. Regulators have begun establishing regulatory frameworks for centralized crypto exchanges, and the next step may expand oversight to decentralized exchanges (DEXes), with significant ambiguity remaining over how to handle decentralized perpetual contract platforms like Hyperliquid. However, Neuner also noted that Hyperliquid has built strong network effects and liquidity advantages, making it difficult for competitors to replicate its technology alone to challenge its market position. Exchanges typically draw capital and users to markets with the deepest liquidity, so "the network is irreplicable". Hyperliquid remains the leading decentralized perpetual contract platform, with approximately $223 billion in trading volume over the past 30 days. Separately, the U.S. has signaled its willingness to establish a compliance path for Hyperliquid to enter the U.S. market, though no specific regulatory framework has been announced to date.

18 minutes ago

Symbiosis said it has recovered approximately 15 BTC and has offered the attacker a 20% white hat bounty.

Cross-chain liquidity protocol Symbiosis announced that around 04:28 UTC on September 11, its Bitcoin bridge was attacked, with the perpetrator exploiting a vulnerability. BTC-related routes have been suspended. Symbiosis clarified that the incident only impacted the Bitcoin Bridge; the affected system has been isolated from other components, while other cross-chain routes (including EVM chains, TRON, TON) and Octopools remain unharmed and operational. The team has recovered roughly 15 BTC, now held in a multi-sig wallet controlled by the team. For the stolen funds, Symbiosis has issued a 20% white hat bounty to the attacker, with a deadline of September 13. If the attacker fails to return the funds, an equal proportion bounty will be offered to anyone who can assist in recovering the assets. The final loss amount is still being tallied, and the team will contact affected liquidity providers individually to develop a compensation plan. Separately, on-chain security monitoring firms noted that the incident involved Symbiosis BridgeV2 abnormally minting syBTC, leading to approximately $336,000 in WBTC losses; the relevant vulnerability is currently being resolved.

18 minutes ago

Morgan Stanley’s MSBT boosts its Bitcoin holdings by $4 million, with total inflows exceeding $50 million over two weeks.

According to monitoring by Onchain Lens, Morgan Stanley’s Bitcoin Trust (MSBT) received 51.58 BTC via Coinbase Prime approximately 5 hours ago, valued at around $4 million. Over the past two weeks, MSBT has accumulated a total of 641.87 BTC through related transfers, worth approximately $50.6 million at current prices. Official information from Morgan Stanley shows that MSBT is a spot Bitcoin product that holds actual BTC, with custody services provided by BNY Mellon and Coinbase Custody.

18 minutes ago

Robinhood's crypto trading volume surged 61% month-over-month in August, with its crypto futures contracts projected to jump 15-fold within a year.

Robinhood’s August operational data shows the platform’s crypto nominal trading volume rose to $17.5 billion, a 61% month-over-month (MoM) increase, though still down 38% year-over-year (YoY). Of this, the Robinhood App accounted for $7.4 billion in trading volume (up 72% MoM), while Bitstamp contributed $10.1 billion (up 53% MoM). Robinhood saw faster growth in prediction markets compared to crypto trading: August event contract trading volume hit 4.7 billion contracts, down 23% MoM but up roughly 15x YoY. The firm has previously positioned event contracts as a key growth driver; its related revenue surged over 10x YoY in Q2 this year, surpassing crypto trading to become a major source of transaction revenue. As of the end of August, Robinhood’s total platform assets reached $384 billion, up 26% YoY, with 28.6 million funded customers. Margin lending balances stood at $21.5 billion, up 72% YoY. Additionally, on-chain transaction activity on Robinhood Chain continued to grow. Robinhood is currently expanding beyond its traditional stock and crypto trading platform to become a comprehensive financial platform covering crypto assets, prediction markets, and on-chain transactions.

18 minutes ago

Hyperliquid conducted a 24-hour repurchase and burn of 32,800 HYPE tokens, with cumulative burns now accounting for 4.86% of the total supply.

According to OnchainLens monitoring, Hyperliquid repurchased and burned 32,770 HYPE tokens over the past 24 hours. At an average price of $81.01, this operation is valued at approximately $2.65 million. As of now, Hyperliquid has cumulatively burned around 48.57 million HYPE tokens, meaning roughly 4.86% of its maximum token supply has been permanently removed. Hyperliquid’s HYPE repurchase mechanism is primarily driven by the platform’s trading fees: the protocol uses the relevant revenue to repurchase HYPE on the market before burning it. Recent on-chain data also shows this mechanism remains operational.

18 minutes ago

Whale dormant for 8 months re-enters the market, spends 85.42 million USDC to buy 1,075 BTC over four days.

According to EmberCN’s monitoring, a whale who previously offloaded 50,600 ETH at an average price of $2,921 at the end of last year, locking in around $19.02 million in profits, has re-entered the market to buy BTC after staying inactive for roughly 8 months. The whale has recently conducted continuous cross-chain swaps via THORChain, spending a total of $85.42 million in USDC over 4 days to acquire 1,075.6 BTC at an average cost of around $79,412, including approximately $170,000 in swap fees paid to THORChain. Around September 9 alone, the address bought 179.8 BTC using $14.2 million in USDC within 24 hours, at an average transaction price of roughly $78,955.

18 minutes ago

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