Daily Report | UAE debunks rumors that golden visas do not apply to cryptocurrency investors; LetsBONK surpasses Pump.fun for the first time in daily token issuance, graduation tokens, and trading volume
July 7 News OverviewOrganizer: Jerry, ChainCatcher
Important News:
- Guotai Junan Securities: Preparing to apply for virtual asset-related trading licenses
- Pop Mart's first investor Mai Gang: Bitcoin is a very important experience in my career, and you don't need a PhD to understand it
- FTX creditor representative updates claim information: Total claims expected to be $11 billion, judicially restricted claims total $470 million
- Binance: The participation threshold for the exclusive PAL TGE event is 202 Alpha points
- Zhao Changpeng: Binance achieved about $1 billion in profit in its first year
- Wuxi Municipal Party Committee Reform Task Promotion Meeting: Exploring the empowerment of stablecoins for foreign trade development, expanding new trade spaces such as digital trade
- Shenzhen issues risk warning: Beware of illegal fundraising under the guise of stablecoins
- Binance will add observation tags for BAKE, IDEX, and SLF
- LetsBONK surpasses Pump.fun in single-day token issuance, graduation tokens, and trading volume for the first time
- Musk: Fiat currency has no hope, the "American Party" will embrace Bitcoin
- Hong Kong's "Stablecoin Regulation" is about to take effect, Financial Secretary reveals that single-digit licenses will be issued
- UAE refutes rumors: "Golden visa does not apply to digital currency investors"
"What important events have occurred in the past 24 hours"
Guotai Junan Securities: Preparing to apply for virtual asset-related trading licenses
Hong Kong-listed Guotai Junan Securities revealed on an interactive platform that its subsidiary, Guotai Junan Securities Limited, is preparing to apply for virtual asset-related trading licenses and has had multiple communications with relevant institutions in international and Hong Kong regions.
Guotai Junan Securities Limited currently holds business licenses No. 1, 2, 4, 6, and 9 issued by the Hong Kong Securities and Futures Commission, covering areas such as securities trading, futures trading, securities and institutional financing consulting, and asset management. The company plans to further enhance its service capabilities through overseas business expansion.
Pop Mart's first investor Mai Gang stated in a recent podcast interview, "Bitcoin is a very important experience in my career. Once, at a forum for alumni of Renmin University, the host asked me why I was so fond of Bitcoin when various big names like chief economists didn't grasp it or see it?
First of all, I am definitely not a top student. Secondly, I am not a poor student either; the result is that I only remember the most important things that my teachers taught me, which are those common sense or truths.
So back then, when we studied monetary banking, economics, etc., every (finance) university student would have these courses. From this perspective, Bitcoin is actually incredibly simple. Of course, it is also a lot of interdisciplinary knowledge, etc. Understanding does not require you to have a PhD. I think the pursuit, questioning, and persistence of essential issues are very rare and important. What it is, is the most important thing."
FTX creditor representative Sunil updated the FTX claim distribution information on the X platform, stating that the total amount of restricted judicial claims is $470 million, with China being the largest holder of FTX claims, amounting to $380 million (accounting for 82% of restricted claims).
Claims with incomplete KYC (Bahamas) total $290 million, with disputed claims totaling $660 million, and the total amount awaiting claim resolution is $1.4 billion, with the total amount of claims expected to be allowed at $11 billion.
Binance: The participation threshold for the exclusive PAL TGE event is 202 Alpha points
According to the official announcement, users with Binance Alpha points greater than or equal to 202 can participate in the exclusive PAL TGE event through the Alpha activity page. Participating in this event will consume 15 points.
Zhao Changpeng: Binance achieved about $1 billion in profit in its first year
In an exclusive interview with Anthony Pompliano, Binance founder Zhao Changpeng disclosed that Binance achieved about $1 billion in profit in its first year, potentially becoming the first company to achieve $1 billion in profit from the startup stage.
Zhao Changpeng stated that this profit was mainly realized in the first 3 to 8 months after the company went live, especially during the 3rd to 7th months, when Binance's trading volume peaked. He added that while some companies reached a $1 billion valuation faster, from a profitability perspective, Binance may be the fastest startup to achieve this goal.
According to the Wuxi Release public account, Wuxi Municipal Party Secretary Du Xiaogang presided over a special promotion meeting for key reform tasks in the city. The meeting required the entire city to use reform thinking and methods to "solve pain points," "unblock bottlenecks," and "address difficulties," continuously releasing the driving force for stable growth in foreign trade, exploring practical paths for stablecoins to empower foreign trade development, and continuously expanding the growth space for digital trade, green trade, and service trade, improving the development level of cross-border e-commerce, intermediate goods trade, and offshore trade.
Shenzhen issues risk warning: Beware of illegal fundraising under the guise of stablecoins
The Shenzhen Office for the Prevention and Crackdown of Illegal Financial Activities issued a risk warning regarding "beware of illegal fundraising under the guise of stablecoins and other names." The content includes that "recently, digital currencies represented by stablecoins have received widespread market attention. Monitoring has found that some illegal institutions use financial innovation and digital assets as a gimmick, taking advantage of the public's lack of understanding of stablecoins and other aspects to absorb funds through the issuance of so-called virtual currencies, virtual assets, digital assets, etc., inducing the public to participate in trading speculation, disrupting economic and financial order, and breeding illegal fundraising, gambling, fraud, pyramid schemes, money laundering, and other criminal activities, seriously endangering the property safety of the public.
The "Regulations on the Prevention and Handling of Illegal Fundraising" stipulate that the state prohibits any form of illegal fundraising, and losses incurred from participating in illegal fundraising shall be borne by the participants themselves. We urge the public to enhance their rational investment awareness, not to blindly believe in extravagant promises, to establish correct monetary and investment concepts, to effectively improve risk awareness, and to avoid being deceived. If you discover that relevant institutions are engaging in illegal fundraising activities under the guise of investing in stablecoins, please promptly report to the leading departments or public security departments at the municipal or district level."
Binance will add observation tags for BAKE, IDEX, and SLF
Binance will add observation tags for BAKE, IDEX, and SLF.
Observation tag tokens may have higher volatility and risk compared to other listed tokens. We will closely monitor and continuously review them. Please be aware that trading these tokens with observation tags carries risks, as these tokens no longer meet the standards they had when listed on our platform and may be delisted. Users need to pass a test on Binance Spot and/or Binance Leveraged platform every 90 days and accept the terms of use to gain trading access to tokens with observation tags.
According to The Block, the meme coin launch platform LetsBONK on the Solana chain has surpassed Pump.fun in single-day token issuance, graduation tokens, and trading volume for the first time. Dune dashboard creator Adam_Tehc pointed out that within a week of 24 hours, LetsBONK's token issuance volume has led, recording about 15,600 token issuances by Sunday afternoon, while Pump.fun recorded 11,500.
Data shows that LetsBONK's market share reached 49.80% that afternoon, while Pump.fun was at 40.90%, with LetsBONK's 24-hour trading volume increasing by $8 million, despite Pump.fun having more than twice the number of active traders compared to LetsBONK.
Musk: Fiat currency has no hope, the "American Party" will embrace Bitcoin
When an X user asked whether the American Party would embrace Bitcoin, Musk replied, "Fiat currency has no hope, so yes."
According to Ming Pao, Hong Kong's "Stablecoin Regulation" will take effect in August, and Hong Kong Financial Secretary Xu Zhengyu stated that the Monetary Authority is consulting the market to implement the regulatory guidelines, which are expected to be announced within this month and will involve anti-money laundering and other related requirements.
Xu Zhengyu also indicated that after the regulation takes effect, they will be able to receive applications for stablecoin licenses, aiming to issue licenses within this year, with the number of licenses being a single digit. Regarding whether financial institutions can issue stablecoins pegged to the Renminbi after obtaining licenses, Xu Zhengyu stated that if it involves currencies from other jurisdictions, discussions with relevant institutions would be necessary.
UAE refutes rumors: "Golden visa does not apply to digital currency investors"
According to reports from Abu Dhabi, the Federal Authority for Identity, Citizenship, Customs and Port Security (ICP), the Securities and Commodities Authority (SCA), and the Virtual Assets Regulatory Authority (VARA) issued a joint statement denying false reports about the UAE issuing golden visas to digital currency investors.
ICP clarified that the golden visa does not include digital currency investors but applies to eligible categories such as real estate investors and entrepreneurs. SCA emphasized its commitment to regulating the financial industry and securities services, while VARA denied claims about issuing golden visas to Dubai virtual asset investors and warned investors to obtain information from reliable official sources to avoid misinformation or fraud.
The three regulatory agencies jointly urged the public and investors to act cautiously and refer to government official websites and approved communication channels for accurate information.
"What are the exciting articles worth reading in the past 24 hours"
On one side, crypto companies are applying for banking licenses, while on the other side, tech elites are creating crypto banks.
The staking craze on Wall Street
Network effects are beginning to emerge. As more institutions participate in staking, the network becomes more secure. As the network becomes more secure, it will attract more users and developers. With increased adoption, transaction fees will also rise, enhancing staking rewards. This is a virtuous cycle that benefits all participants.
Bitcoin Magazine: The Bitcoin reserve company craze is a bubble; it's best to sell Strategy stock
Bitcoin is no longer the main strategy of this company or those emerging Bitcoin vault companies; you are.
The first investment splurges $100 million on WLFI; who is Aqua1?
Betting on the strategic ambitions behind the Trump family project.
From growth illusion to cash flow reality: When buybacks become the collective narrative of altcoins
Survival is tough, and one can only regain market attention with a solid income structure and clear financial actions.
UAE slaps down TON golden visa; what reliable options are there for Web3 visas?
Some countries have high visa thresholds, and digital nomad visas are a viable option.
Stablecoins, a cashless payment reform for 5 billion people
The form of money is quietly changing.
Crypto economy trio------Prelude: Non-farm data
Whether in traditional markets or crypto markets, why do non-farm data play a role in the market's symphony as a prelude?
Meme Popularity Rankings
According to the meme token tracking and analysis platform GMGN market data, as of July 7, 19:50:
In the past 24 hours, the top five popular Ethereum tokens are: AP, BRCG, TUCKER, AMERICA, SOLX
In the past 24 hours, the top five popular Solana tokens are: DOGEWIF, match, KART, KOKOK, WCW
In the past 24 hours, the top five popular Base tokens are: BK, HEIST, TONY, SkiLaika, AXOL
Risk warning
Risk warning
