Daily Report | Binance HODLer Airdrop Launches Babylon (BABY); Aave Launches Token Buyback Mechanism
April 9 News OverviewOrganizer: Jerry, ChainCatcher
Important News:
- Tether increases its stake in Bitdeer to 22.8%
- U.S. Senate plans to vote on SEC Chairman nominee Paul Atkins
- OKX to launch PROMPT (Wayfinder) spot trading
- Strategy may be forced to sell Bitcoin to repay debts
- Aave launches token buyback mechanism with a first-month budget of $4 million
- U.S. President Trump's reciprocal tariff policy has officially taken effect
- Binance HODLer airdrop launches Babylon (BABY)
"What important events happened in the last 24 hours"
Tether increases its stake in Bitdeer to 22.8%
According to SEC filings, Tether has increased its stake in Bitcoin mining company Bitdeer from 21% to 22.8%.
U.S. Senate plans to vote on SEC Chairman nominee Paul Atkins
Forbes reporter Eleanor Terrett posted on X platform that the Senate plans to vote on a motion to proceed with SEC Chairman nominee Paul Atkins tomorrow at 11:30 AM (local time). The vote confirmation is the next step for his nomination. If the vote is successful, he will undergo a full confirmation vote as early as 7:00 PM.
OKX to launch PROMPT (Wayfinder) spot trading
According to the official announcement, OKX will launch PROMPT (Wayfinder) spot trading.
PROMPT deposit opening time: April 9, 2025, 10:00 AM (UTC+8);
PROMPT auction time: April 10, 2025, 8:00 PM to 9:00 PM (UTC+8);
PROMPT/USDT spot trading opening time: April 10, 2025, 9:00 PM (UTC+8);
PROMPT withdrawal opening time: April 11, 2025, 6:00 PM (UTC+8).
Strategy may be forced to sell Bitcoin to repay debts
According to the 8-K form submitted by Strategy (formerly MicroStrategy) to the SEC on April 7, if Bitcoin prices continue to decline, Strategy may be forced to sell its Bitcoin holdings to repay debts, breaking Michael Saylor's promise of "never selling Bitcoin." In the 8-K form, Strategy mentioned, "Since Bitcoin constitutes the majority of our assets on the balance sheet, if we are unable to obtain equity or debt financing on favorable terms (or at all) in a timely manner, we may be forced to sell Bitcoin to meet financial obligations, and may have to sell at prices below cost or other unfavorable prices."
Since Trump won the election in November 2024, Strategy has purchased 275,965 BTC (worth $25.73 billion) at an average price of $93,228, and this portion has incurred a loss of $4.6 billion.
According to StrategyTracker data, Strategy currently holds 528,185 BTC, with an average cost of $67,458, valued at $40.119 billion.
Aave launches token buyback mechanism with a first-month budget of $4 million
Aave's official governance page shows that the Aave DAO has approved a plan to authorize the Financial Committee (AFC) to use $4 million worth of aEthUSDT to initiate the first phase of the Aavenomics buyback and distribution plan.
The plan aims to buy back AAVE from the open market and distribute it to the ecosystem reserves, thereby enhancing governance incentives and protocol health. This initial authorization will support approximately one month of buyback operations while reserving buffer time for the future deployment of new Aave Swapper contracts. The complete plan is expected to continue over six months at a pace of up to $1 million per week. This proposal allows the AFC to begin executing the first phase of the buyback plan, approving $4 million of aEthUSDT for approximately one month of AAVE buybacks. By setting an authorization limit instead of a direct transfer, the proposal ensures fund security while allowing the AFC to efficiently execute the buyback within governance approval limits, helping to steadily advance the implementation of Aavenomics.
U.S. President Trump's reciprocal tariff policy has officially taken effect
According to Jin10 data, U.S. President Trump's reciprocal tariff policy has officially taken effect.
Binance HODLer airdrop launches Babylon (BABY)
According to the official announcement, the Binance HODLer airdrop has launched its 14th project -- Babylon (BABY), supporting direct self-custody BTC staking on the Bitcoin network to enhance the security of POS blockchains.
From March 7, 2025, 08:00 to March 13, 2025, 07:59 (UTC+8), users who use BNB to subscribe to principal-protected earning products (fixed and/or flexible) or on-chain earning products will receive airdrop allocations.
HODLer airdrop information is expected to be available within 12 hours, and new tokens will be distributed to users' spot wallets at least 1 hour before trading begins. Binance will list BABY on April 10, 2025, at 18:00 (UTC+8), and open trading pairs against USDT, USDC, BNB, FDUSD, and TRY, subject to seed label trading rules. The BABY deposit channel will open 6 hours later.
"What are some great articles worth reading in the last 24 hours"
This is a governance attack, and also an ideal strangulation.
Behind WLFI's sale of ETH: Stop-loss or another scheme?
The sale may be due to stop-loss, cash flow pressure, or strategic adjustments. Ethereum fundamentals are weak, active address growth has stagnated, Layer 2 is diverting value, and institutions are bearish, leading to a loss of confidence among large holders.
Meme Popularity Rankings
According to the meme token tracking and analysis platform GMGN, as of April 9, 19:50:
The top five popular Ethereum tokens in the past 24 hours are: REMUS, 2BLOCK, SPX, 3rdTRUMP, MAGA
The top five popular Solana tokens in the past 24 hours are: PIPE, BRFC, REMUS AI, McVALUE, SBOOBS
The top five popular Base tokens in the past 24 hours are: TOSHINME, DRB, VIRTUAL, EURC, PUSSYFART
