Daily Report | Binance Alpha points reach 240, allowing for the claim of 2000 SPK airdrop; The U.S. Senate will hold the final vote on the "GENIUS Act" tomorrow at 4:30 AM
June 17 News OverviewOrganizer: Jerry, ChainCatcher
Important News:
- The next TGE project for Binance Wallet is DAOBASE (BEE)
- Federal Reserve Mouthpiece: The Fed would be ready to cut rates this week if not for tariff risks to prices
- South Korean actress Hwang Jung-eum embezzled company funds to invest in cryptocurrency, has now repaid all
- Bithumb launches Spark (SPK) KRW trading market
- Binance Alpha points reach 240 to receive 2000 SPK airdrop
- SBF appears in San Francisco's hit satirical musical, character mocks Silicon Valley culture
- Binance Alpha will list Matchain (MAT)
- Binance: Alpha points over 238 can participate in the latest BOMB TGE event
- Interactive Strength completes $55 million initial investment, launches crypto treasury strategy and begins acquiring FET
- U.S. Senate to vote on the GENIUS Act at 4:30 AM tomorrow
"What important events happened in the last 24 hours"
The next TGE project for Binance Wallet is DAOBASE (BEE)
Binance Wallet announced that the next TGE project is DAOBASE (BEE), with the event scheduled from June 18, 2025, 16:00 to 18:00 (UTC + 8). Eligible users must use Binance Alpha points to participate, and an additional 40,000,000 BEE will be used for future events, with further details to be announced.
According to Jin10 data, Nick Timiraos, a reporter for The Wall Street Journal (WSJ), known as the Federal Reserve's mouthpiece, stated: There is ample reason to believe that if it were not for tariff risks to prices, the Fed would have been prepared to cut rates this week due to recent improvements in inflation. I think the past five years have changed people's views on inflation and what might happen.
According to Yonhap News Agency, South Korean actress Hwang Jung-eum, who was prosecuted for embezzling 4.2 billion won (approximately $3.07 million) from her company to invest in virtual currency, has managed her assets and repaid all amounts.
Her agency, Y1 Entertainment, stated on the 17th that Hwang Jung-eum repaid the amount withdrawn from Xunmin Jeong-eum Entertainment twice, on the 30th of last month and the 5th of this month. Previously, Hwang Jung-eum had embezzled 4.34 billion won from Xunmin Jeong-eum Entertainment around 2022, investing 4.2 billion won in virtual currency, and was on trial for violating the Specific Economic Crimes Aggravated Punishment Act (embezzlement).
Bithumb launches Spark (SPK) KRW trading market
According to an official announcement, South Korean exchange Bithumb has announced the addition of Spark (SPK) to the KRW market, with trading starting at 19:00 on June 17.
Binance Alpha points reach 240 to receive 2000 SPK airdrop
According to official news, Binance is the first platform to list Spark (SPK), with trading starting at 16:00 (UTC+8) on June 17, 2025.
Eligible users with at least 240 Alpha points can claim 2000 SPK tokens in the airdrop when trading opens on the Alpha event page.
Please note that claiming the airdrop will consume 15 Alpha points. Users need to complete the claim within 24 hours after the claim opens, or it will be considered a waiver of the airdrop.
SBF appears in San Francisco's hit satirical musical, character mocks Silicon Valley culture
According to Decrypt, former FTX CEO Sam Bankman-Fried (SBF) has become one of the main characters in the satirical musical "Luigi: The Musical," set in Brooklyn prison, imagining SBF as a cellmate of two controversial figures—Luigi Mangione, who is accused of murder, and Sean "Diddy" Combs, who is involved in sexual crimes.
The character of SBF is played by actor André Margatini, mimicking TED talk styles, mocking Silicon Valley and its arrogant culture, even singing "Bay Area Baby" to satirize his privileged background. The show quickly sold out after its premiere at the Taylor Street Theatre in San Francisco and will have an additional performance on July 13 at The Independent, which accommodates 500 people.
Binance Alpha will list Matchain (MAT)
According to official news, Binance Alpha will list Matchain (MAT) and open airdrop claims for eligible users. The trading open date is June 19, with specific time to be announced later.
The airdrop will be distributed in two phases:
Phase 1: Users reaching X points can claim first, everyone gets a share;
Phase 2: The threshold will be lowered to Y (Y < X), on a first-come, first-served basis, until the prize pool is exhausted or the airdrop event ends.
Binance: Alpha points over 238 can participate in the latest BOMB TGE event
According to official news, Binance announced that Alpha points over 238 can participate in the latest BOMB TGE event, which will consume 15 points to participate.
NASDAQ-listed Interactive Strength (stock code TRNR) completed a $55 million initial investment on June 13, launching a crypto treasury strategy and beginning to acquire FET through its custodian BitGo. Interactive Strength will continue to use the remaining net proceeds from the initial financing to acquire FET in the open market and will use any net proceeds from additional financing after the $500 million financing ends to acquire FET.
U.S. Senate to vote on the GENIUS Act at 4:30 AM tomorrow
Eleanor Terrett and Senate Cloakroom report that the U.S. Senate will vote on the GENIUS Act (S.1582) at 4:30 AM Beijing time on June 18 (4:30 PM Eastern time on June 17). The bill has completed the amendment process and, if passed, will be sent to the House of Representatives for review. This is the final round of voting for the bill in the Senate.
"What excellent articles are worth reading in the last 24 hours"
Last-minute ban, is Pump.fun's $1 billion ICO dream hanging in the balance?
Bans, lawsuits, fog, how much glory is left for Pump.fun?
In turbulent times, can Ethereum's "rebirth" create new highs?
This issue of Space focuses on Ethereum's fundamental reversal, institutional entry, and foundation reform, exploring whether it can break new highs and lead the next cycle opportunity.
Trump releases $499 phone, will it replicate Solana phone's strategy?
If the T1 phone emulates the success of the Solana Saga phone by airdropping stocks or issuing "MAGA coins," it may open the era of "political consumerism 2.0," turning consumers into part of the economy.
Crypto bull market, all in U.S. stocks: Circle's rise from $31 to $165 in ten days
A group of crypto concepts around "on-chain asset treasury," "compliant stablecoins," and "Web3 mapped stocks" have collectively launched in U.S. stocks, with on-chain financial infrastructure being repriced on Wall Street.
Arthur Hayes: Stablecoin narrative is hot, IPO may be a "dead end," but I advise you not to short
These new stocks will make shorts lose everything.
CICC: The potential impact of stablecoins on the financial system
Stablecoins are a type of cryptocurrency that is pegged to specific assets (usually fiat currency), serving as a bridge between decentralized financial systems (DeFi) and traditional financial systems, and are an important infrastructure for DeFi. Recently, the U.S. and Hong Kong have passed stablecoin regulatory bills following the EU, marking the formal establishment of regulatory frameworks for stablecoins in some major regions globally. While decentralized finance is ushering in development opportunities, it may deepen the integration with traditional financial systems and also bring new challenges and risks to the global financial system. We attempt to analyze the potential impacts.
Vitalik talks to Chinese developers: Extreme idealism and casinos are both unhealthy
In a recent interview, Vitalik stated that Ethereum's POS upgrade is unrelated to price fluctuations; the key is whether ecological applications can create long-term value for ETH. Regarding the issue of L2 liquidity fragmentation, he proposed optimizing cross-chain experiences through technologies like Open Intents Framework and emphasized that L1 needs to take on more roles to ensure ETH's value. Additionally, he suggested developers focus on high-level applications of cryptographic technologies like ZK, while pointing out that AI will lower development thresholds and promote the emergence of "super individuals." Finally, he called on developers to build applications that combine practicality with sustainable business models to promote the healthy development of the Ethereum ecosystem.
A "ban storm" targeting the crypto industry is sweeping through X.
Meme Popularity Rankings
According to the meme token tracking and analysis platform GMGN, as of June 17, 19:50:
The top five popular Ethereum tokens in the past 24 hours are: SQUIGG, ESTEE, ZEUS, ZEUS, DEGEN
The top five popular Solana tokens in the past 24 hours are: USDP, Fartcoin, NDW, T1, Ww3
The top five popular Base tokens in the past 24 hours are: BOOK OF RUGS, SHIB, SKIRATZ, SLAP, SATO
