Daily Report | Binance HODLer Airdrop Launches Towns (TOWNS); Hong Kong "Stablecoin Regulation" Requires Reserve Assets to Fully Cover Circulating Value

ChainCatcher Selection

2025-08-04 20:00:00

Collection

August 4 News Overview

Organizer: Jerry, ChainCatcher

Important News:

"What important events happened in the past 24 hours"

Binance Alpha will launch Superp on August 5
Binance Alpha will become the first platform to launch Superp (SUP) on August 5. Eligible users can claim airdrops using Alpha Points on the Binance Alpha event page after trading opens. More details will be announced later.

Binance Alpha will launch Succinct (PROVE)

According to the official announcement, Binance Alpha will be the first platform to launch Succinct (PROVE) on August 5. Eligible users can go to the Alpha event page to claim airdrops using Binance Alpha points after Alpha trading opens. Specific details will be announced separately.

Binance HODLer airdrop launches Towns (TOWNS)

According to the official announcement, the Binance HODLer airdrop has now launched the 30th project, Towns (TOWNS).

Binance will list TOWNS on August 5, 2025, at 22:30 (UTC+8) and open trading pairs against USDT, USDC, BNB, FDUSD, and TRY, applicable to seed label trading rules. The TOWNS recharge channel will open on August 4, 2025, at 19:00 (UTC+8). The initial circulation will account for approximately 20.83% of the total issuance, with an airdrop amount of 3.02%.

Binance Alpha: CYC airdrop participation threshold must reach 200 Alpha points

According to the official announcement, the participation threshold for the Cycle Network (CYC) airdrop has been announced, requiring users to reach 200 Alpha points to participate. Claiming the airdrop will consume 15 Binance Alpha points. If the event is not over, the score threshold will automatically decrease by 15 points every hour. Trading will start at 19:00 on August 4.

Binance Alpha will launch Fireverse (FIR) on August 6

According to official news, Binance Alpha announced that it will launch Fireverse (FIR) on August 6. Eligible users can go to the Alpha event page to claim airdrops using Binance Alpha points after Alpha trading opens. Specific details will be announced separately.

Binance: Hold at least 200 Binance Alpha points to claim 1000 DARK tokens airdrop

According to official news, Binance Alpha has become the first platform to launch DarkStar (DARK) tokens, with Alpha trading starting at 20:00 (Beijing time) on August 4, 2025.

During the event, users holding at least 200 Binance Alpha points can claim 1000 DARK tokens airdrop on a first-come, first-served basis. If the event is not over, the points threshold will automatically decrease by 15 points every hour.

Hong Kong's "Stablecoin Regulation" officially takes effect: Reserve assets must fully cover the circulating value

Hong Kong's "Stablecoin Regulation" officially takes effect, establishing a licensing system for stablecoin issuers and improving Hong Kong's regulatory framework for virtual asset activities. Yang Defen, president of the Greater Bay Area International Information Technology Association, stated that the development of stablecoins internationally has reached a certain scale. The introduction of the "Stablecoin Regulation" in Hong Kong at this time reflects the timely advancement in regulation. In line with international standards, Hong Kong aims to align its stablecoin regulations with those of other countries and regions globally.

According to Hong Kong's "Stablecoin Regulation," license holders must ensure that the market value of the reserve assets for the designated stablecoins they issue is always not less than the circulating value of those stablecoins that have not yet been redeemed. License holders should consider the risk status of the reserve assets and ensure appropriate over-collateralization to cover market risks.

Binance BNSOL super staking launches SIGN (SIGN)

According to the official announcement, Binance announced that BNSOL super staking will launch SIGN (SIGN).

Trump: Will announce candidates for vacant Federal Reserve Board position in the coming days

According to Jinshi reports, U.S. President Trump will announce a candidate in the coming days to fill the vacant Federal Reserve Board position.

The Federal Reserve stated in a statement that Board member Quigley will resign next week, providing Trump with an opportunity to appoint a favored candidate early. Trump now has the chance to immediately appoint a board member to pressure Chairman Powell—and this board member could potentially succeed Powell. Quigley has submitted his resignation to President Trump and will step down next Friday to return to Georgetown University as a professor. Quigley did not attend last week's Federal Reserve policy meeting, with the board stating he was absent due to personal matters. Quigley previously served as the chief economist at the U.S. Department of Labor and was appointed to the Federal Reserve Board by Biden in 2023.

Hong Kong Monetary Authority Chief Yuyuan Wen: The growth momentum in Hong Kong's digital asset sector will continue

According to Jinshi data reports, Hong Kong Monetary Authority Chief Yuyuan Wen stated that as of mid-July 2025, 22 banks have been approved to sell digital asset-related products, 13 banks have been approved to sell tokenized securities, and five banks have been approved to provide digital asset custody services.

In the first half of 2025, the total trading volume of bank digital asset-related products and tokenized assets reached HKD 26.1 billion, an increase of 233% compared to the same period last year, surpassing the total trading volume of last year.

Several asset management companies have also announced plans to launch tokenized products, and with the government actively promoting the issuance of tokenized bonds, it is believed that Hong Kong's growth momentum in the digital asset sector will continue, bringing new impetus to the development of wealth management in Hong Kong.

"What interesting articles are worth reading in the past 24 hours"

From advertiser to crypto "price hunter," Peter Brandt's half-century trading legend

This veteran, active in the market since 1975, shares his experience entering the crypto world and his unique insights into the true value of chart analysis.

Interview with Bitlayer co-founder Charlie Hu: Bitcoin enters the "institutional era," how BTCFi leverages trillion-dollar market opportunities?

The core upgrades and key roadmap of Bitlayer.

Statue sinks into the lake, who is erasing Satoshi Nakamoto?

The "disappearing Satoshi Nakamoto" statue has vanished, a metaphorical irony.

A look at the "mid-term report" of six crypto institutions: Strategy makes billions, Coinbase saves itself through investments

This article will summarize the latest financial performance and strategic movements of representative institutions that have publicly disclosed their Q2 financial reports or are listed in the crypto concept sector.

Stock price drops over 12%, what hidden worries did Coinbase's Q2 financial report reveal?

Coinbase's total revenue was $1.5 billion, a year-on-year increase but below analyst expectations, with an adjusted net profit of $33 million and a decrease of 1 million trading users quarter-on-quarter.

The largest BTC theft case in history exposed: sealed for 5 years, involving $14.5 billion

The hacker became the 13th largest BTC holder on the Arkham platform with the stolen assets, even surpassing the Mt.Gox hacker.

When brokerages set their sights on cryptocurrency trading

The reshuffling of traditional brokerages towards crypto natives, we are already in it.

Behind the $9.6 billion sell-off by Bitcoin whales: Technical and on-chain data resonate, is a $150,000 target in sight?

Despite the old whales selling off $9.6 billion, on-chain data shows institutions are continuously accumulating, and exchange balances have dropped to a six-year low.

All assets on-chain, Coinbase aims to be the "exchange for everything"

Coinbase's VP of Product Branzburg emphasized that tokenized stocks are the next key step, describing the $100 trillion traditional stock market as a great opportunity for on-chain transformation.