This Week's Key News Preview | Binance Alpha and Binance Futures Launch Bondex (BDXN); SEC Holds Emerging Trends in Asset Management Conference
Highlights of the week from June 2 to June 8.整理：Jerry，ChainCatcher
Key News:
- Binance Alpha will launch LayerEdge (EDGEN) on June 2
- Kraken starts FTX creditor payouts, with international client fund distribution on June 2
- Binance Alpha and Binance Futures will launch Bondex (BDXN) on June 3
- Re-staking protocol YieldNest announces TGE on June 3
- SEC will hold a meeting on emerging trends in asset management on June 5, with representatives from BlackRock and other institutions attending
June 2 (Monday)
Binance Alpha will launch LayerEdge (EDGEN) on June 2
According to the official announcement, Binance Alpha will be the first platform to launch LayerEdge (EDGEN). The trading open date is June 2, with specific timing to be announced later.
Eligible users need to use Binance Alpha points to claim the airdrop on the Alpha event page, which will go live on June 2.
Kraken starts FTX creditor payouts, with international client fund distribution on June 2
FTX creditor representative Sunil posted on X platform that Kraken has issued fund distribution notices to FTX creditor clients, with the fund distribution date for FTX US creditors set for May 30, 2025 (total debt: $312 million), and for FTX international creditors on June 2, 2025.
According to YZi Labs' announcement, the company has appointed Cathy Dou as the head of incubation operations, responsible for the 10-week offline incubation project EASY Residency launching on June 2.
The first stop of the project is located in Silicon Valley, California, targeting top startup teams in Web3, AI, and healthcare, providing funding, accommodation, meals, and mentorship resources, with plans to expand to Singapore, Dubai, and other locations. Applications will close at 14:59 Beijing time on May 22.
According to official news, five South Korean cryptocurrency exchanges, including Upbit, Bithumb, Coinone, Korbit, and Gopax, announced plans to delist the Wemade blockchain platform token WEMIX on June 2, with token withdrawals set to end on July 2.
The decision to delist this specific token was made through the Korea Digital Asset Exchange Association (DAXA), which includes these five platforms. DAXA believes that the Wemix Foundation has not adequately addressed the issues that led to its designation as a cryptocurrency requiring investment caution, determining that the asset does not meet the standards for maintaining trading support after a comprehensive review of the issuing entity's credibility and security.
OKX Wallet will open EDGEN airdrop claims on June 2
According to official news, OKX Wallet has now opened EDGEN airdrop queries and will start claims on June 2. Users can connect through the OKX Wallet App or plugin here.
It is reported that LayerEdge is a decentralized network that enhances Bitcoin block space capabilities through ZK and BitVM technology, ensuring that each layer is secured on the Bitcoin network, truly realizing Bitcoin Rollups. OKX Wallet is a leading one-stop Web3 entry point, now supporting over 130 popular public chains.
June 3 (Tuesday)
According to The Defiant, the U.S. Securities and Exchange Commission (SEC) has postponed the decision on the physical subscription and redemption of WisdomTree and VanEck's spot Bitcoin and Ethereum ETFs to June 3, 2025. Physical trading involves the direct exchange of underlying assets, such as Bitcoin and Ethereum, rather than cash. The New York Stock Exchange Arca and Cboe BZX are the exchanges associated with these proposals.
Binance Alpha and Binance Futures will launch Bondex (BDXN) on June 3
Binance announced that it will launch Bondex (BDXN) spot trading on Binance Alpha at 18:00 Beijing time on June 3, and the BDXNUSDT perpetual contract will go live at 18:30 on the same day, with leverage up to 50 times. Binance will be the first platform to support Bondex (BDXN) trading.
To celebrate this launch, Binance will offer exclusive airdrop rewards to eligible users, who need to use Binance Alpha Points to claim the airdrop through the Binance Alpha event page from 18:00 on June 3 to 18:00 on June 4.
Re-staking protocol YieldNest announces TGE on June 3
Re-staking protocol YieldNest stated on social media that it will conduct its TGE on June 3. About 40% of the token allocation will be used for community incentives, and future protocol revenues will be used for token buybacks.
South Korea's presidential election will be held on June 3
According to The Block, South Korean right-wing party presidential candidate Kim Moon-soo officially announced support for the adoption of spot cryptocurrency ETFs in South Korea as part of his campaign promises.
Previously, left-wing Democratic Party candidate Lee Jae-myung also promised to introduce spot crypto ETFs. The two major party candidates have formed a bipartisan consensus aimed at promoting middle-class wealth accumulation and providing more opportunities for the younger generation. The chairman of the Financial Services Commission of South Korea stated that he would discuss implementation plans with the new government. The success of the U.S. spot crypto ETF (with net inflows exceeding $43 billion) has become a key factor in prompting South Korea to re-examine such products. The South Korean presidential election is scheduled for June 3, 2025.
June 4 (Wednesday)
OKX will delist 11 trading pairs including ZERO, PRQ, IQ, ARTY, and SAMO on June 4
According to the official announcement, OKX will delist 11 trading pairs including ZERO/USDT, ZERO/USD, PRQ/USDT, PRQ/USD, IQ/USDT, IQ/USD, ARTY/USDT, ARTY/USD, SAMO/USDT, SAMO/USD, USDT/USDC, etc., on June 4, 2025, from 16:00 to 18:00 (UTC+8). Related coin deposits have been suspended since May 28, and withdrawals will be suspended on September 4.
June 5 (Thursday)
According to Cointelegraph, the U.S. Securities and Exchange Commission (SEC) will hold a meeting on "Emerging Trends in Asset Management" on June 5, 2025, with topics including digital assets and tokenization.
SEC Commissioner Hester Peirce will attend, along with representatives from well-known financial institutions such as BlackRock, Franklin Templeton, and Fidelity.
Coinbase International will launch HYPE perpetual contract trading on June 5
According to the official announcement, Coinbase International will launch HYPE perpetual contract trading after 09:30 (UTC) on June 5.
Upbit will suspend Siacoin (SC) deposit and withdrawal services on June 5 to accommodate a hard fork
Upbit announced that due to the upcoming hard fork of Siacoin (SC), it will suspend Siacoin deposit and withdrawal services starting from 18:00 (KST) on June 5, 2025, until the stability of the hard fork is confirmed. During the suspension, the deposit and withdrawal processes for related assets will be temporarily halted, but trading will not be affected. The recovery time will be announced separately.
OKX Web3 Wallet will suspend support for Runes trading market on June 5, 2025
OKX Web3 Wallet announced that it will suspend support for the Runes trading market on June 5, 2025, at which point related trading functions (including listing and delisting) will be disabled, and all pending orders will be cleared. The wallet will still support the display and transfer of Runes assets, and other asset trading and transfer functions will not be affected.
FBI urges victims of AML Bitcoin scam to submit compensation claims by June 5
According to Bitcoin.com, the FBI's San Francisco office and the Northern District Attorney's Office of California jointly announced that victims of the cryptocurrency scam involving AML Bitcoin founder Rowland Marcus Andrade must submit claims by June 5. The main perpetrator promoted AML Bitcoin and other tokens under the guise of false anti-money laundering technology through entities such as the "NAC Foundation" between 2014 and 2019 and has been sentenced for telecommunications fraud and money laundering.
The FBI emphasized that under federal law, eligible victims can apply for compensation and legal support. Information must be submitted through a designated form, and late submissions will not be accepted. Authorities also called on the public to help spread the information to ensure more potential victims are aware of their rights. Data shows that the case involves tens of millions of dollars and multiple virtual assets, including Black Gold Coin.
June 6 (Friday)
According to the official announcement, Binance will adjust the leverage and margin levels for perpetual contracts such as LRCUSDT and PHBUSDT at 06:30 (UTC) on June 6, 2025. Some contract position limits and maintenance margin rates will also be updated, affecting existing positions.
June 8 (Sunday)
Gnosis Chain stated on X platform that third-party applications need to take action, as the xDAI bridging contract is undergoing a critical upgrade: on Ethereum, DAI will be replaced by USDS as the default accepted token, while xDAI will continue to be minted on Gnosis Chain.
Third-party applications must complete integration with the new bridge router contract on Ethereum by June 8, 2025.
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