Daily Report | Ethereum core developer Zak Cole announced the establishment of the Ethereum Community Foundation; Binance Alpha and Binance Futures will launch the Impossible Cloud Network (ICNT)
July 2 News OverviewOrganizer: Jerry, ChainCatcher
Important News:
- Binance Alpha and Binance Futures will launch Impossible Cloud Network (ICNT)
- Binance Alpha will launch Echo Protocol, users with no less than 170 Alpha points can participate in the airdrop
- Zhao Changpeng: Willing to help the U.S. become a crypto capital, other countries will follow the U.S. leading crypto policies
- Ethereum core developer Zak Cole announces the establishment of the Ethereum Community Foundation, which may drive ETH price up
- U.S. SEC's Division of Corporation Finance releases new guidelines for crypto ETP disclosures
- Figma discloses holding nearly $70 million in Bitcoin ETF and is approved to purchase an additional $30 million in BTC
"What important events happened in the past 24 hours"
Binance Alpha and Binance Futures will launch Impossible Cloud Network (ICNT)
According to the official announcement, Binance Alpha will launch and open trading for Impossible Cloud Network (ICNT) on July 3, 2025, at 18:00 (UTC+8). Additionally, Binance Futures will launch the ICNTUSDT perpetual contract on July 3, 2025, at 21:00 (UTC+8), with a maximum leverage of up to 50 times.
Binance is the first platform to announce the opening of ICNT contract trading and to showcase the ICNT token on Binance Alpha. As a launch benefit, all eligible Binance users will receive an exclusive token airdrop. Eligible users need to claim the airdrop using Binance Alpha points through the Binance Alpha event page from July 3, 2025, at 18:00 (UTC+8) to July 4, 2025, at 18:00 (UTC+8).
Users can access the Binance Alpha event page through the search function in the Binance App. Click here for more information on how to use Binance Alpha points to claim the Alpha airdrop.
According to official news, Binance Alpha is the first platform to launch Echo Protocol (ECHO), with trading starting on July 2, 2025, at 18:00 (UTC+8). Eligible users can use Alpha points to claim 625 ECHO token airdrops on the Alpha event page within 24 hours after trading begins.
The Alpha airdrop will be on a first-come, first-served basis: users holding at least 170 Alpha points can participate in the airdrop until the airdrop pool is exhausted or the event ends.
Claiming the airdrop will consume 15 Alpha points. Users must confirm their claim on the Alpha event page within 24 hours; otherwise, it will be considered a waiver of the airdrop.
In an interview with cryptocurrency entrepreneur Anthony Pompliano, Zhao Changpeng expressed optimism about the current industry development. Institutional and corporate funds are flowing into crypto through ETFs and other means. Blockchain technology will also break through transaction and financial attributes, contributing to various aspects of government and people's livelihoods (such as taxation, health care, etc.).
In addition, Zhao Changpeng stated that the current improvement in U.S. crypto policies exceeds his expectations, and other countries around the world will follow suit with U.S. crypto policies. He expressed his willingness to help the U.S. become a crypto capital, but noted that there are still many restrictions in various aspects, and he hopes to make more contributions in the future.
According to The Block, Ethereum core developer Zak Cole announced on the X platform the establishment of a new organization—the Ethereum Community Foundation (ECF), aimed at supporting institutional-level adoption of Ethereum infrastructure and promoting ETH value growth.
Cole stated that the ECF has raised millions of dollars worth of ETH, all from donations by individual supporters, which will be used to fund the construction of "trustworthy and neutral" technology projects. He emphasized, "Every grant is transparent, every project commits to being aligned with ETH, and all fund allocations will be decided by community voting."
The ECF's official website states that all supported projects must meet two conditions: immutable and tokenless, and must promote the destruction of ETH to align institutional use with the value of ETH holders, thus maintaining the monetary integrity of the Ethereum network.
The foundation will focus on supporting real-world asset (RWA) on-chain applications (such as stocks, bonds, real estate, etc.) and "public goods" projects that contribute to ecological development, such as optimizing data availability costs for blob space.
The ECF's first funded project is the "Ethereum Validator Association (EVA)," aimed at empowering validators' voice in protocol governance and funding validator infrastructure construction. More details will be announced in the coming weeks.
U.S. SEC's Division of Corporation Finance releases new guidelines for crypto ETP disclosures
According to crypto journalist Eleanor Terrett, the U.S. Securities and Exchange Commission (SEC)'s Division of Corporation Finance released new guidelines on July 1, 2025, regarding disclosure requirements for crypto asset exchange-traded products (ETPs). This move aims to provide greater clarity on the application of federal securities laws to crypto assets.
The guidelines detail the specific content that issuers of crypto asset ETPs need to disclose in their offering and registration documents. Crypto asset ETPs are defined as investment products listed and traded on national securities exchanges, typically structured as trusts holding spot crypto assets or derivative instruments referencing crypto assets.
According to the guidelines, issuers of these ETPs must register their offerings and securities categories under the Securities Act of 1933 and the Securities Exchange Act of 1934, respectively. Additionally, issuers of crypto asset ETPs are also subject to federal securities law anti-fraud provisions.
According to documents released by Bitcoin Magazine, the well-known design software company Figma recently disclosed that it holds nearly $70 million in Bitcoin exchange-traded funds (ETFs). Additionally, the company has been approved to purchase an additional $30 million in Bitcoin. This move demonstrates Figma's ongoing interest and investment in cryptocurrency in its asset allocation.
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