Daily Report | Binance announces that users with an Alpha score of 215 can claim 160 LA tokens; the new South Korean president Lee Jae-myung promises to promote the development of crypto ETFs and the Korean won stablecoin
June 4th News OverviewOrganizer: Jerry, ChainCatcher
Important News:
- The Hong Kong Securities and Futures Commission is considering introducing virtual asset derivatives trading for professional investors
- Binance: Users with an Alpha score of 215 can claim 160 LA tokens
- Binance Wallet TGE Phase 21 launches CUDIS (CUDIS)
- U.S. SEC Chairman: Future cryptocurrency policies will be advanced through a public rule-making process rather than through enforcement actions
- Binance Alpha will launch FLY
- Binance warns against using bots for Alpha points: Actions using scripts, automated tools, or other non-manual methods are considered violations
- Resolv (RESOLV) is set to launch on Binance Alpha and Binance Futures trading platform
- New South Korean President Lee Jae-myung promises to promote the development of crypto ETFs and a Korean won stablecoin
- Trump's social platform Truth Social submits Bitcoin ETF application
- PUMP.FUN plans a $1 billion token sale at a $4 billion valuation
"What Important Events Happened in the Last 24 Hours"
According to the Securities Times, today the Secretary for Financial Services and the Treasury, Christopher Hui, stated that the Hong Kong Securities and Futures Commission is considering introducing virtual asset derivatives trading for professional investors and will formulate robust risk management measures.
The measures will further enrich the product options in the Hong Kong market while ensuring that trading is conducted in an orderly, transparent, and secure manner.
Binance: Users with an Alpha score of 215 can claim 160 LA tokens
According to an official announcement, Binance Alpha will launch Lagrange (LA), with trading starting on June 4, 2025, at 20:00.
Users with at least 215 Binance Alpha points can claim an airdrop of 160 LA tokens on the Alpha event page. Claiming the airdrop will consume 15 Binance Alpha points.
Binance Wallet TGE Phase 21 launches CUDIS (CUDIS)
According to an official announcement, Binance Wallet's exclusive TGE Phase 21 will launch CUDIS (CUDIS).
Subscription time: June 5, 2025, from 16:00 to 18:00 (UTC+8). Eligibility: Eligible users must participate using Binance Alpha points. An additional 30,000,000 CUDIS will be reserved for future activities, with specific details to be announced later.
According to Cointelegraph, U.S. Securities and Exchange Commission (SEC) Chairman Paul Atkins stated that the formulation of future cryptocurrency-related policies will adopt a public rule-making process rather than being advanced through enforcement actions.
Atkins emphasized that this process will be conducted through "Notice and Comment" to ensure public participation in policy-making and feedback.
According to official news, Binance Alpha will launch FLY, with the trading opening date on June 6, with specific time to be announced later. Eligible users need to use Binance Alpha points to claim the airdrop on the Alpha event page, which will be available on June 6.
Binance announced that it has discovered some users participating in Alpha activities through bots, undermining the fairness of the Alpha Points project. As a result, the platform has upgraded its risk control system to enhance detection and handling of related behaviors.
Binance clearly stated that any actions using scripts, automated tools, or other non-manual methods will be considered violations, and the Alpha Points eligibility of related accounts will be canceled, with further restrictions possibly implemented if necessary. Binance calls on all users to comply with the rules to jointly maintain the fairness and transparency of the project.
Resolv (RESOLV) is set to launch on Binance Alpha and Binance Futures trading platform
According to Binance's announcement, Resolv (RESOLV) will open for trading on Binance Alpha at 21:00 on June 10, 2025, Beijing time. Additionally, Binance Futures will launch the RESOLVUSDT perpetual contract at 21:30 on the same day, supporting up to 50x leverage. Binance will be the first platform to launch trading for Resolv.
To celebrate this launch, Binance will provide exclusive token airdrops for eligible users. Users need to use Binance Alpha Points to claim the airdrop on the Binance Alpha event page, from June 10, 2025, 21:00 to June 11, 2025, 21:00.
Leftist candidate Lee Jae-myung was elected as the new President of South Korea with 49.42% of the votes, defeating right-wing opponent Kim Moon-soo, who received 41.15%. Lee Jae-myung promised to vigorously develop the South Korean cryptocurrency industry, with major policies including: allowing local adoption of spot cryptocurrency ETFs, establishing a Korean won stablecoin market, improving the regulatory framework for digital assets, and reducing blockchain regulations in specific areas to promote innovation.
South Korea is one of the largest cryptocurrency markets globally, with 9.7 million trading users, accounting for about 20% of the total population. Unlike the previous president Yoon Suk-yeol's unfulfilled promises of a crypto-friendly approach, Lee Jae-myung is expected to push for the implementation of his crypto policies against the backdrop of a shift in the Financial Services Commission's attitude.
Trump's social platform Truth Social submits Bitcoin ETF application
According to The Block, Trump's social media platform Truth Social has submitted a Bitcoin ETF application to the U.S. Securities and Exchange Commission (SEC).
The New York Stock Exchange's Arca division submitted Form 19b-4 on June 3, aiming to track Bitcoin price performance. The ETF is sponsored by "America First" asset management company Yorkville America Digital.
PUMP.FUN plans a $1 billion token sale at a $4 billion valuation
According to Blockworks, citing multiple informed sources, Pumpfun plans to conduct a $1 billion token sale at a fully diluted valuation (FDV) of $4 billion, targeting both public and private investors. The tokens are expected to launch within the next two weeks, but it is still uncertain whether they will be issued through its own platform.
Previously, Pumpfun co-founder Alon had denied rumors about Pumpfun potentially launching tokens.
"What Interesting Articles Are Worth Reading in the Last 24 Hours"
Want to understand why Bitcoin is so volatile? The key clues lie in every fluctuation of U.S. Treasury yields.
Jacob believes that the so-called "government and institutional entry" is a manufactured narrative, essentially a Ponzi scheme, and once liquidity crises arise, the market will face a collapse.
Lee Jae-myung's victory not only represents a shift in South Korea's political landscape but also signals a potential major change in the country's policy direction towards crypto assets.
Peeling Off the Stablecoin and Tokenization Veil, Accelerating Dollar Circulation is the Essence
Accelerating the speed of currency circulation is the core application of cryptocurrencies, and putting RWA on-chain aligns perfectly with this trend.
Late Night Raid, Is the Trump Family Launching a Crypto Wallet?
The Trump family is known for changing their stance faster than flipping a book.
Meme Popularity Rankings
According to the meme token tracking and analysis platform GMGN, as of June 4, 19:50:
The top five popular Ethereum tokens in the past 24 hours are: ZEUS, MIND, GASS, Pepe, OMALLEY
The top five popular Solana tokens in the past 24 hours are: PEPEWIF, PIPE, BONKMASK, LC, SCF
The top five popular Base tokens in the past 24 hours are: QR, NATIVE, CLANKER, FROC, ANON
Risk warning
Risk warning
