Daily News | Binance HODLer Airdrop Launches Towns (TOWNS); Hong Kong's Stablecoin Ordinance Requires Reserve Assets to Fully Cover the Circulating Face Value

This article is machine translated
Show original

Compiled by: Jerry, ChainCatcher

Important News:

"Important Events in the Past 24 Hours"

Binance Alpha to List Superp on August 5

Binance Alpha will be the first platform to list Superp (SUP) on August 5. Eligible users can claim airdrops using Alpha Points on the Binance Alpha activity page after trading opens. More details will be announced later.

Binance Alpha to List Succinct (PROVE)

According to the official announcement, Binance Alpha will be the first platform to list Succinct (PROVE) on August 5. Eligible users can claim airdrops using Binance Alpha points on the Alpha activity page after trading opens. Specific details will be announced separately.

Binance HODLer Airdrop Lists Towns (TOWNS)

According to the official announcement, the Binance HODLer airdrop has now listed the 30th project Towns (TOWNS).

Binance will list TOWNS on August 5, 2025, at 22:30 (UTC+8), and open trading pairs with USDT, USDC, BNB, FDUSD, and TRY, applying seed tag trading rules. The TOWNS deposit channel will open on August 4, 2025, at 19:00 (UTC+8). The initial circulation is approximately 20.83% of the total supply, with an airdrop amount of 3.02%.

Binance Alpha: CYC Airdrop Requires 200 Alpha Points

According to the official announcement, the participation threshold for the Cycle Network (CYC) airdrop has been published, requiring users to have 200 Alpha points. Claiming the airdrop will consume 15 Binance Alpha points. If the event is not over, the point threshold will automatically decrease by 15 points every hour. Trading will start on August 4 at 19:00.

Binance Alpha to List Fireverse (FIR) on August 6

According to official sources, Binance Alpha announced it will list Fireverse (FIR) on August 6. Eligible users can claim airdrops using Binance Alpha points on the Alpha activity page after trading opens. Specific details will be announced separately.

Binance: Users with at Least 200 Binance Alpha Points Can Claim 1000 DARK Token Airdrop

According to official sources, Binance Alpha is the first platform to list DarkStar (DARK) tokens, with Alpha trading starting on August 4, 2025, at 20:00 (Beijing time).

During the event, users with at least 200 Binance Alpha points can claim a 1000 DARK token airdrop, first come first served. If the event is not over, the point threshold will automatically decrease by 15 points every hour.

Hong Kong Stablecoin Regulation Officially Takes Effect: Reserve Assets Must Fully Cover Circulating Face Value

The Hong Kong Stablecoin Regulation has officially taken effect, establishing a licensing system for stablecoin issuers and improving the regulatory framework for virtual asset activities. Yang Debin, president of the Greater Bay Area International Information Technology Association, stated that stablecoin development has reached a certain scale internationally. Hong Kong's introduction of the Stablecoin Regulation at this point is a reflection of keeping pace with regulatory developments. Aligning with international standards, Hong Kong aims to create stablecoin-related regulations in line with global standards.

According to the Hong Kong Stablecoin Regulation, licensees must ensure that the market value of reserve assets for their issued designated stablecoins is never lower than the face value of unredeemed and circulating stablecoins. Licensees should consider the risk profile of reserve assets and ensure appropriate over-collateralization to cover market risks.

Binance BNSOL Super Staking Lists SIGN (SIGN)

According to the official announcement, Binance announced that BNSOL Super Staking will list SIGN (SIGN).

Trump: Will Announce Candidate for Vacant Federal Reserve Board Position in Coming Days

According to Jin Shi report, US President Trump will announce a candidate to fill the vacant Federal Reserve Board position in the coming days.

The Federal Reserve stated in a statement that Board member Kugler will resign next week, providing Trump an early opportunity to appoint a favored candidate. Trump now has the chance to immediately appoint a board member to pressure Chairman Powell - and this member could potentially replace Powell. Kugler has submitted his resignation to President Trump and will step down next Friday to return to Georgetown University as a professor. Kugler did not attend last week's Federal Reserve policy meeting, with the board citing personal matters for his absence. Kugler, who previously served as chief economist at the US Department of Labor, was appointed to the Federal Reserve Board by Biden in 2023.

HKMA Chief Executive: Hong Kong's Growth Momentum in Digital Assets Will Continue

According to Jin Shi Data, HKMA Chief Executive Yu Weimin stated that as of mid-July 2025, 22 banks have been approved to sell digital asset-related products, 13 banks have been approved to sell tokenized securities, and five banks have been approved to provide digital asset custody services.

In the first half of 2025, the total transaction volume of banks' digital asset-related products and tokenized assets reached 26.1 billion Hong Kong dollars, an increase of 233% compared to the same period last year, already exceeding the total transaction volume for the entire previous year.

With multiple asset management companies announcing plans to launch tokenized products and the government actively promoting tokenized bond issuance, Hong Kong's growth momentum in digital assets is expected to continue, bringing new momentum to the development of wealth management business.

"Exciting Articles Worth Reading in the Past 24 Hours"

From Advertising to Crypto "Price Hunter", Peter Brandt's Half-Century Trading Legend

This veteran who has been active in the market since 1975 shares his experience entering the crypto world and his unique insights into the true value of chart analysis.

Dialogue with Bitlayer Co-founder Charlie Hu: Bitcoin Enters the "Institutional Era", How Can BTCFi Leverage Trillion-Dollar Market Opportunities?

Bitlayer's core upgrade and key roadmap.

Statue Sunk in the Lake, Who is Erasing Satoshi Nakamoto?

The "Disappeared Satoshi Nakamoto" statue has vanished, which is a metaphorical satire.

Overview of Six Crypto Institutions' "Mid-term Report Card": Strategy Earns Billions, Coinbase Rescues Through Investments

This article will review the latest financial performance and strategic trends of representative institutions that have gone public with crypto concepts or actively disclosed their second-quarter financial reports.

Stock Price Drops Over 12%, What Concerns Does Coinbase Q2 Financial Report Reveal?

Coinbase's total revenue is $1.5 billion, with year-on-year growth but falling short of analyst expectations, adjusted net profit is $33 million, and trading users decreased by 1 million quarter-on-quarter.

Largest BTC Theft in History Exposed: Sealed for 5 Years, Involving $14.5 Billion

Hackers have become the 13th largest BTC holder on the Arkham platform using stolen assets, even surpassing the Mt.Gox hackers.

When Securities Firms Set Their Sights on Cryptocurrency Trading

Traditional securities firms are reshuffling crypto natives, and we are already in the midst of it.

Behind Bitcoin Whale's $9.6 Billion Sell-off: Technical and On-chain Data Align, $150,000 Target in Sight?

Despite the whale selling $9.6 billion, on-chain data shows institutions continue to accumulate, and exchange balances have dropped to a six-year low.

Tokenizing All Assets, Coinbase Aims to Become the "Everything Exchange"

Coinbase Product VP Branzburg specifically emphasized that tokenized stocks are the next key step, describing the $100 trillion traditional stock market as an opportunity for on-chain transformation.

MEME Popular List

According to MEME token tracking and analysis platform GMGN market data, as of August 4th, 19:50:

Top 5 Ethereum tokens in the past 24h are: SUPERGROK, IMAGINEMEME, TENSOR, EPRO, imagine

Top 5 Solana tokens in the past 24h are: imagine, TRUMPRAEL, LILPEPE, JD, BADRUDI

Top 5 Base tokens in the past 24h are: SCAN, ZORA, WIF, USI, Bensu

Source
Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
Like
Add to Favorites
Comments