Daily Report | Ant Group starts application for Hong Kong stablecoin license; Binance HODLer airdrop launched on Defi App (HOME)
June 12 News OverviewOrganizer: Jerry, ChainCatcher
Important News:
- Ant Group starts application for Hong Kong stablecoin license
- Bloomberg: Tencent is in talks for a potential acquisition of South Korean gaming company Nexon, has contacted the founder's family
- Binance Wallet's exclusive TGE will launch SGC on June 13
- Binance Alpha has launched PUNDI AI (PUNDIAI), eligible users can claim airdrop
- Former Galaxy executive questions the chaotic new organizational structure of the Ethereum Foundation
- Trump's immigration "gold card" is now open for registration, priced at $5 million
- Multiple crypto KOLs and GMGN project official X accounts have been frozen, reasons unclear
- Binance HODLer airdrop launches Defi App (HOME)
"What important events happened in the past 24 hours"
Ant Group starts application for Hong Kong stablecoin license
Ant Group's Vice President and President of Ant Group's Blockchain Business, Bian Zhuoqun, revealed in an interview today that Ant Group has initiated the application for a Hong Kong stablecoin license and has already had multiple rounds of communication with regulators. It is reported that Ant Group has listed Hong Kong as its global headquarters this year and has completed a regulatory sandbox trial in Hong Kong.
Bian Zhuoqun made the above statement at the SNEC Shanghai Photovoltaic Exhibition on June 12, where Ant Group and Xiexin Energy announced the establishment of a new company, "Ant Xinneng."
Bian Zhuoqun stated that stablecoins serve as a bridge connecting traditional finance and tokenized assets, possessing vast market potential. Its core value lies in the expansion of use cases and compliance construction. Ant Group is committed to building digital trading scenarios based on stablecoins from an industrial and technological perspective, promoting the development of new asset classes centered around technology. At the same time, Ant Group aims to provide a new incremental market for stablecoin trading by offering secure, reliable, and compliant infrastructure, enhancing trading efficiency and liquidity.
According to Bloomberg citing informed sources, Tencent Holdings Limited is exploring a potential acquisition of South Korean gaming company Nexon and has contacted the family of the late founder Kim Jung-ju to discuss the possibility of acquisition. It is reported that the Kim family is consulting with advisors to evaluate various options.
Informed sources indicated that it is currently unclear how willing NXC is to sell its stake in Nexon, and there is no guarantee that Tencent's discussions will lead to a deal, with the specific transaction structure yet to be finalized. Tencent representatives did not respond to requests for comment, and both Nexon and NXC declined to comment.
Nexon, known for role-playing games such as "MapleStory," was founded in 1994 and completed the largest tech IPO in Japan in 2011. Its Tokyo-listed stock has risen over 10% this year, with a market capitalization of about $15 billion. Tencent attempted to acquire Nexon in 2019 but was unsuccessful; the two companies previously co-developed Tencent's significant revenue-generating game "Dungeon & Fighter."
Binance Wallet's exclusive TGE will launch SGC on June 13
According to official news, Binance Wallet will launch the exclusive TGE for SGC on June 13, 2025, from 4 PM to 6 PM (UTC+8). Subscription eligibility:
Eligible users must participate using Binance Alpha points;
An additional 300,000,000 SGC will be allocated for future activities, with specific details to be announced later.
Binance Alpha has launched PUNDI AI (PUNDIAI), eligible users can claim airdrop
According to the official announcement, Binance Alpha has launched PUNDI AI (PUNDIAI).
Eligible Binance users must hold at least 237 Alpha points to claim an airdrop of 8 PUNDIAI tokens starting from June 12, 2025, at 14:00 (UTC+8) on the Alpha event page.
Former Galaxy Digital Research Vice President Christine Kim posted on the X platform, pointing out that the new organizational structure of the Ethereum Foundation is confusing. She mentioned that Tim Beiko, Barnabé Monnot, and Alex Stokes hold multiple roles, leading all research and development teams of the foundation while managing their own teams, and are responsible for L1 and L2 scaling and improving user experience (UX) within the next 12 months.
Additionally, Christine expressed doubts about the details of the organizational chart, including whether bold names indicate team leaders, the purpose of highlighted sections, and whether Tim is responsible for protocol coordination and overseeing multiple projects.
She also questioned the logic behind color grouping, such as why consensus mechanisms and account abstraction are grouped together while stateless consensus is not included; why Testing and pandaops are grouped together, while Security is not grouped.
Trump's immigration "gold card" is now open for registration, priced at $5 million
Trump stated on Truth Social that the immigration "gold card" is now open for registration, priced at $5 million.
Previously, on February 26, Trump announced that he was launching a plan to provide residency and citizenship pathways for investors paying $5 million, offering a new route for legal immigration while he is cracking down on undocumented immigrants. Trump stated, "This plan, called the 'gold card,' does not require congressional approval and will be priced at about $5 million, granting you green card privileges."
Multiple crypto KOLs and GMGN project official X accounts have been frozen, reasons unclear
Recently, the X platform has frozen multiple accounts related to the crypto industry, including WolfyXBT (@WolfyXBT), Wang Xiaoer (@brc20niubi), Wizard (@0xCryptoWizard), gake (@Ga__ke), GMGN official account (@gmgnai), and its founder haze (@haze0x), with the reasons for the freezes currently unknown.
Binance HODLer airdrop launches Defi App (HOME)
According to the official announcement, the Binance HODLer airdrop has launched the 22nd project, Defi App (HOME). From June 6, 2025, 08:00 to June 10, 2025, 07:59 (UTC+8), users who purchase principal-protected earning products (fixed and/or flexible) or on-chain earning products using BNB will receive airdrop allocations. HODLer airdrop information is expected to be available within 5 hours, and new tokens will be distributed to users' spot wallets at least 1 hour before trading begins.
Binance will list HOME on June 12, 2025, at 23:00 (UTC+8) and open trading pairs against USDT, USDC, BNB, FDUSD, and TRY, subject to seed label trading rules. The HOME recharge channel will open 1 hour later.
"What are the must-read articles in the past 24 hours"
U.S. stablecoin legislative game: welcoming innovation revolution or sounding alarm?
The U.S. and Hong Kong have recently made key progress in stablecoin legislation, sparking a new wave of interest in cryptocurrencies in global financial markets. The U.S. Senate passed the GENIUS Act, aimed at federally regulating stablecoin issuers, while Hong Kong has also issued the Stablecoin Regulation. Supporters believe this will promote the integration of cryptocurrencies into the mainstream financial system and enhance the dominance of the U.S. dollar; however, skeptics point out issues such as conflicts of interest, money laundering risks, and transparency concerns. Although the legislative process has slowed due to bipartisan struggles, the cryptocurrency market has rapidly expanded, with the total market capitalization of stablecoins reaching nearly $250 billion. The industry faces the challenge of balancing innovation and compliance while dealing with fraud and inconsistent regulations. The Trump family's involvement in the stablecoin market has also sparked controversy, and the legislative process may impact the U.S. election landscape.
U.S. SEC article: What types of PoS and staking activities do not constitute securities?
The U.S. Securities and Exchange Commission (SEC) Corporate Finance Division released a statement clarifying that staking activities in proof-of-stake (PoS) networks do not constitute securities issuance and do not need to be registered under securities laws. The statement distinguishes three forms of staking: self-staking, self-custody staking, and custodial staking, considering these activities as essentially administrative or transactional operations rather than investment contracts relying on the efforts of others. The SEC emphasized that staking rewards are compensation for validation services provided by the network, not securities returns. Additionally, ancillary services such as penalty waivers and early unbonding do not constitute securities activities. This move provides regulatory certainty for staking of crypto assets.
X platform's large-scale ban on crypto accounts, multiple Chinese-speaking influencers affected
The platform has not provided a clear explanation, and community discussions are still ongoing.
Ant International is accelerating investments and expanding partnerships in global asset management, applying its AI, blockchain, and stablecoin innovations to real and reliable large-scale applications.
Stripe's crypto layout adds a new dimension, set to acquire crypto wallet company Privy
Privy will continue to operate as an independent product, helping businesses integrate crypto wallets into user experiences.
The GENIUS Act aims to establish the first federal regulatory framework for the U.S. stablecoin market, experiencing a dramatic shift from failure to bipartisan compromise.
Meme Popularity Rankings
According to the meme token tracking and analysis platform GMGN, as of June 12, 19:50:
The top five popular Ethereum tokens in the past 24 hours are: ZEUS, RICO, ZEUS, KEETARD, SNIBBU
The top five popular Solana tokens in the past 24 hours are: MUSKMUSK, KRABZ, FOMO, Fartcoin, LC
The top five popular Base tokens in the past 24 hours are: BARIO, SKIRATZ, CCAT, VIRTUAL, SHIB
Risk warning
Risk warning
