Daily Report | Yuanbi Technology plans to issue Hong Kong dollar stablecoin HKDR on Ethereum; Binance Alpha project Treehouse (TREE) airdrop first phase threshold is 233 points
July 29 News OverviewOrganizer: Jerry, ChainCatcher
Important News:
- Binance Alpha and Binance Contracts will launch PlaysOut (PLAY)
- Bloomberg: Bitmain plans to establish its first factory in the United States
- Hong Kong Monetary Authority: Any institution intending to apply for a license to conduct regulated stablecoin activities should express its intention to the licensing team
- Upbit will launchOMNIKRW trading pair
- Binance: The threshold for the first phase of Treehouse (TREE) airdrop is 233 points
- Binance Wealth Management launches discounted coin purchase, supporting the purchase of cryptocurrencies below market price
- JD.com’s JD Chain has registered the names JCOIN and JOYCOIN, possibly for its stablecoin
- Dragonfly Partner: The U.S. Department of Justice has clarified that it will not bring related charges against Dragonfly and its employees
- YuanCoin Technology plans to issue HKDR, a Hong Kong dollar stablecoin, on Ethereum
"What important events happened in the past 24 hours"
Binance Alpha and Binance Contracts will launch PlaysOut (PLAY)
According to the official announcement, Binance Alpha will launch and open trading for PlaysOut (PLAY) on July 31, 2025, at 16:00 (UTC+8). Additionally, the Binance contract platform will launch the PLAYUSDT perpetual contract on July 31, 2025, at 17:30 (UTC+8), with a maximum leverage of up to 50 times.
All eligible Binance users will receive an exclusive token airdrop from Binance. Eligible users need to claim the airdrop using Binance Alpha points through the BinanceAlpha event page between July 31, 2025, at 16:00 (UTC+8) and August 1, 2025, at 16:00 (UTC+8).
Bloomberg: Bitmain plans to establish its first factory in the United States
According to Bloomberg, cryptocurrency mining machine manufacturer Bitmain Technologies plans to open its first factory in the United States within the next few months, as part of its strategic transformation to align with the "Made in America" trend for digital assets.
Irene Gao, head of global business at Bitmain, stated that the company plans to officially establish a new headquarters and assembly line in Texas or Florida by the end of the third quarter of 2025. The first batch of production is expected to start in early 2026, gradually achieving full-scale production within the year.
According to Jinshi Data, the Hong Kong Monetary Authority has issued a regulatory framework for stablecoin issuers. Any institution intending to apply for a license to conduct regulated stablecoin activities should express its intention to the licensing team. This move facilitates preliminary, informal discussions, allowing the licensing team to gain a deeper understanding of the institution's background and business model, as well as ensuring that they fully understand the licensing process and the minimum standards required by the Financial Commissioner.
Such discussions can prevent applications from being submitted prematurely and can also shorten the time required to process subsequent applications. If the Financial Commissioner approves the license application, authorizing the institution to conduct any regulated stablecoin activities involved in the application, the license may be subject to any conditions deemed appropriate by the Financial Commissioner. The Financial Commissioner shall not grant a license unless they are satisfied that the applicable minimum standards for the licensee will be met.
Upbit will launch OMNI KRW trading pair
According to the official announcement, Upbit will launch the OMNI KRW trading pair.
Binance: The threshold for the first phase of Treehouse (TREE) airdrop is 233 points
According to the official announcement, Binance will launch Treehouse (TREE) on July 29, 2025, at 20:00 (UTC+8). Eligible users can claim an airdrop of 100 TREE tokens using Binance Alpha points on the Alpha event page within 24 hours after trading begins.
The Binance Alpha airdrop will be distributed in two phases: Phase One (first 18 hours): Users with at least 233 Binance Alpha Points can claim the airdrop. Phase Two (last 6 hours): Users holding at least 200 Binance Alpha Points can participate in the airdrop on a first-come, first-served basis. If the rewards are not fully distributed, the point threshold will automatically decrease by 15 points every hour.
According to the official announcement, Binance Wealth Management has launched a high-yield structured financial product—discounted coin purchase, providing investors with an innovative cryptocurrency asset allocation solution. Users will have the opportunity to purchase cryptocurrencies at prices below market value or receive fixed annual interest rate rewards based on market trends.
This product is suitable for users who wish to buy cryptocurrencies (such as BTC, ETH) at prices lower than the current market price in the future. It can automatically set the purchase price and obtain potential returns without the need to continuously monitor market dynamics.
When subscribing to the discounted coin purchase, users need to set several key parameters: target purchase price, knock-out price, annual percentage rate (APR), and settlement date.
JD.com’s JD Chain has registered the names JCOIN and JOYCOIN, possibly for its stablecoin
According to Ming Pao Finance, JD.com (9618) has reportedly registered the names "JCOIN" and "JOYCOIN" for its JD Coin Chain, which is expected to be the name of its stablecoin. The registration indicates that related services include electronic fund transfers and cryptocurrency financial transactions using blockchain technology.
JD Coin Chain is one of the participants in the Monetary Authority's stablecoin issuer sandbox program and previously collaborated with Tianxing Bank last July to test a stablecoin-based corporate cross-border payment solution. According to public reports, as of early June this year, JD Coin Chain has tested the Hong Kong dollar stablecoin and deployed other fiat stablecoin experiments; its CEO Liu Peng stated last month that the second phase of testing will focus on three application scenarios: cross-border payments, investment transactions, and retail payments.
In response to reports that the U.S. Department of Justice was considering bringing charges against Dragonfly employees regarding the TornadoCash case, Dragonfly partner Haseeb stated: "Monday's court records show that the U.S. Department of Justice has clarified that media reports about their plans to sue Dragonfly are inaccurate, and neither Dragonfly nor any of its key personnel are subjects of their investigation. Dragonfly, as an investor, could face prosecution merely for supporting an open-source privacy technology, which is not only unprecedented but also clearly violates the Department of Justice's policies."
YuanCoin Technology plans to issue HKDR, a Hong Kong dollar stablecoin, on Ethereum
According to Hong Kong media reports, the Hong Kong stablecoin regulations will come into effect on Friday (August 1). YuanCoin Technology is one of the participants in the Monetary Authority's stablecoin issuer sandbox. The company's CEO Liu Yu stated in a recent interview that they intend to issue the HKDR stablecoin on the Ethereum public chain, with three main application scenarios for the planned stablecoin: digital asset trading, cross-border trade, and asset tokenization, and it is expected that operations by enterprises and individuals will become commonplace within 3-5 years.
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Meme Popularity Rankings
According to the meme token tracking and analysis platform GMGN, as of July 29, 19:50:
The top five popular Ethereum tokens in the past 24 hours are: SPURDO, SPK, SPX, fric, CRV
The top five popular Solana tokens in the past 24 hours are: $GREMLY, LCC, Bonk, FROGG, OG
The top five popular Base tokens in the past 24 hours are: ZORA, GOOEY, SLAP, ANDO, SKIBILLY
Risk warning
Risk warning
