Daily Report | Binance will distribute 180 SOON airdrops to users holding at least 190 Alpha points; Trump suggests imposing a 50% tariff on the EU starting June 1
May 23 News OverviewOrganizer: Jerry, ChainCatcher
Important News:
- Trump: Suggests imposing a 50% tariff on the EU starting June 1
- Binance to distribute 180 SOON airdrops to users with at least 190 Alpha points
- Bithumb to launch SOON KRW trading pair
- Upbit to launch KERNEL spot trading
- Upbit to launch SOON spot trading
- Foreign media: 43% of TRUMP dinner attendees suffered losses due to holding the coin
- WSJ: Several major U.S. banks exploring joint stablecoin projects
- Photos from Trump dinner revealed, Ronin co-founder, Magic Eden co-founder, and others attended
- Democratic senators plan to amend the GENIUS Act to prevent Trump family from profiting
"What important events happened in the past 24 hours"
Trump: Suggests imposing a 50% tariff on the EU starting June 1
According to Jinshi, U.S. President Trump stated on social media that the main purpose of the EU's establishment was to take advantage of the U.S. in trade, but the EU is difficult to deal with. Their strong trade barriers, value-added tax, absurd corporate penalties, non-monetary trade barriers, currency manipulation, and unfair and unreasonable lawsuits against U.S. companies have resulted in an annual trade deficit of over $2.5 billion, which is completely unacceptable. Our discussions with them have made no progress. Therefore, I suggest imposing a 50% tariff on the EU starting June 1, 2025. No tariffs will be imposed if the products are manufactured or produced in the U.S.
As a result of Trump's remarks, European stocks fell further, with the German DAX index, French CAC40 index, and Spanish IBEX35 index all dropping over 1%, while the Italian FTSE MIB index fell by as much as 2.00% during the day.
Binance to distribute 180 SOON airdrops to users with at least 190 Alpha points
Binance announced that its Alpha platform has launched the SOON (SOON) token airdrop event. Eligible users must hold at least 190 Binance Alpha points to log in to the Alpha event page to claim 180 SOON tokens starting from May 23, 2025, at 16:00 (UTC+8).
Claiming this airdrop will consume 15 Alpha points, and the claiming window is 24 hours. Users must complete the operation before May 24, 2025, at 16:00 (UTC+8), or it will be considered forfeited.
Bithumb to launch SOON KRW trading pair
According to an official announcement, Bithumb will launch the SOON KRW trading pair.
Upbit to launch KERNEL spot trading
According to an official announcement, Upbit will launch KERNEL spot trading, supporting BTC and USDT trading pairs.
Upbit to launch SOON spot trading
Upbit will launch SOON spot trading, supporting BTC and USDT trading pairs.
Foreign media: 43% of TRUMP dinner attendees suffered losses due to holding the coin
According to The Guardian, based on trading history and portfolios as of May 21, among the 220 TRUMP dinner attendees, 95 (about 43%) have suffered net losses totaling $8.95 million since the currency was launched in January due to purchasing TRUMP. A participant with the username "GAnt" appears to have suffered the largest loss. Despite ranking fourth on the leaderboard, purchasing tokens led to a loss of $1.06 million. Similarly, the user "Meow," despite having VIP status, also lost $621,000.
WSJ: Several major U.S. banks exploring joint stablecoin projects
According to The Wall Street Journal, major commercial banks such as JPMorgan Chase, Bank of America, Citigroup, and Wells Fargo are discussing the joint issuance of stablecoins to respond to the growing competition in the cryptocurrency industry. Negotiating parties include Zelle payment system operator Early Warning Services and real-time payment network Clearing House.
Photos from Trump dinner revealed, Ronin co-founder, Magic Eden co-founder, and others attended
Although the TRUMP dinner prohibited live streaming or bringing recording devices, some attendees still posted photos about the dinner on social media.
In addition to Sun Yuchen, Ronin Network co-founder Jihoz.ron, Magic Eden co-founder and CEO Jack Lu, among others, also shared updates on social media about their attendance at the event.
Democratic senators plan to amend the GENIUS Act to prevent Trump family from profiting
According to Axios, although a majority of U.S. Senate members voted on May 20 to pass the GENIUS Act, which regulates payment stablecoins, Democratic leaders are planning to propose amendments to address the connections between President Trump and the cryptocurrency industry. Senate Minority Leader Chuck Schumer, Senator Elizabeth Warren, and Jeff Merkley will submit an amendment to the "Guidance and Establishment of a National Innovation Act for U.S. Stablecoins" (referred to as the GENIUS Act) to prevent the U.S. President from profiting from stablecoins.
"What are the must-read articles from the past 24 hours"
Introducing stablecoins into the core of corporate finance, connecting accounts, revenues, and cross-border payments, attempting to reconstruct the global flow of funds, does Web3 gain another practical value?
Winners and Dinner: Trump's Token Dinner
What happens when a world leader invites anonymous strangers from the internet to dinner based solely on the number of tokens they purchased?
Kraken enters the stock tokenization market, why are exchanges rushing to seize this track?
Tokenized stocks are technically feasible but face challenges in compliance, asset custody, and market acceptance.
Meme Popularity Rankings
According to the meme token tracking and analysis platform GMGN, as of May 23, 19:50:
The top five popular Ethereum tokens in the past 24 hours are: KOMUGI, LYLO, LANLAN, ZEUS, REGEN
The top five popular Solana tokens in the past 24 hours are: PIPE, SIMP, Fartcoin, POPCAT, ASSETS
The top five popular Base tokens in the past 24 hours are: PEPPER, SKITTEN, SATO, BABY SATO, VIRTUAL
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