Daily Report | South Korean Democratic Party Leader Proposes Stablecoin Special Legislation; Binance Alpha to Launch GAIA (GAIA) on July 30
July 28 News OverviewOrganizer: Jerry, ChainCatcher
Important News:
- Binance Alpha and Binance Contracts will launch Naoris Protocol (NAORIS)
- Binance: The participation threshold for the new TGE project Delabs Games (DELABS) is 218 points
- Upbit will launch OP KRW, BTC, and USDT trading pairs
- The leader of the Democratic Party of Korea proposes a special law on stablecoins
- Guanglian Technology Holdings receives HKD 1 billion investment, joins Bitcoin treasury acceleration program
- CCTV reported on Trump-related tokens and stablecoins last night
- Beijing cracks a Bitcoin money laundering case involving USD 20 million, recovering 92 BTC
- Binance Alpha will launch GAIA (GAIA) on July 30
"What important events happened in the past 24 hours"
Binance Alpha and Binance Contracts will launch Naoris Protocol (NAORIS)
According to the official announcement, Binance announced that it will launch trading for Naoris Protocol (NAORIS) on the Binance Alpha platform at 18:00 (UTC+8) on July 31, 2025, and will launch the NAORISUSDT perpetual contract at 18:30 (UTC+8) on the same day, supporting up to 50x leverage.
Binance becomes the first trading platform to launch NAORIS. Eligible users can claim rewards using Binance Alpha Points during the specified time.
Binance: The participation threshold for the new TGE project Delabs Games (DELABS) is 218 points
According to official news, the participation threshold for the new TGE project Delabs Games (DELABS) on Binance Wallet is 218 points.
Subscription time: from 4 PM to 6 PM (UTC+8) on July 28, 2025.
Upbit will launch OP KRW, BTC, and USDT trading pairs
According to the official announcement, Upbit will support new trading pairs for Optimism (OP) in the KRW, BTC, and USDT markets starting at 16:30 (local time) on July 28. OP deposits will open within 2 hours after the announcement, only supporting the Optimism network. There will be restrictions on buying, selling, and order types during the initial trading period.
The leader of the Democratic Party of Korea proposes a special law on stablecoins
According to the Chosun Ilbo, South Korean Democratic Party lawmaker Ahn Doo-jae will officially submit the draft of the "Law on the Issuance and Circulation of Value-Stable Digital Assets" today. This is South Korea's first systematic legislative proposal targeting the issuance, circulation, and regulation of KRW-denominated stablecoins, which is more specialized than the stablecoin provisions in last month's "Digital Asset Basic Law" proposed by lawmaker Min Byeong-deok.
Notably, it has been reported by the Daily Economic News that ruling party lawmaker Kim Eun-hye will also submit a similar bill this week, creating a competitive legislative atmosphere between the two parties. The special bill proposed by the Democratic Party marks a substantial operational phase in the construction of a regulatory framework for stablecoins by South Korea's legislative body, potentially laying a legal foundation for the compliant issuance of KRW stablecoins in the future.
According to Gelonghui, Guanglian Technology Holdings (02531.HK) announced that to support the company's strategic initiatives for cryptocurrency assets, it has reached a strategic cooperation agreement and signed a memorandum of understanding with High West Capital Partners Limited ("High West") on July 27, 2025. Based on this memorandum, the company will participate in High West's Bitcoin Treasury Acceleration Program and receive initial funding support of HKD 1 billion.
High West has long been engaged in the investment, structural arrangements, and strategic allocation of Bitcoin assets, aiming to assist listed companies and institutional investors in exploring the potential applications of digital assets in corporate finance and capital structure. Both parties will jointly hire internationally renowned strategic advisors in Bitcoin treasury strategy to advance the overall plan, explore the application model of Bitcoin as a strategic treasury tool, and further consolidate the company's innovative position and financial resilience in the Hong Kong capital market.
CCTV reported on Trump-related tokens and stablecoins last night
CCTV-13 (CCTV News Channel) reported on "Trump tokens, Melania tokens, WLFI, and stablecoins" in its World Weekly program last night.
Beijing cracks a Bitcoin money laundering case involving USD 20 million, recovering 92 BTC
The People's Procuratorate of Haidian District, Beijing, recently successfully cracked a major embezzlement case involving money laundering using Bitcoin. According to reports, the case involves an amount as high as 140 million RMB (approximately USD 20 million), with the main members of the criminal gang being employees of the well-known domestic short video platform Kuaishou.
Investigations revealed that the suspects transferred illegal proceeds through 8 overseas cryptocurrency exchanges and mixing services in an attempt to cover up the flow of funds. Through technical tracking, law enforcement successfully recovered 92 Bitcoins (worth approximately USD 11.7 million), which have been returned to the victimized company. The main perpetrator, Feng, and his 7 accomplices were sentenced to prison terms ranging from 3 to 14 years for embezzlement and were fined accordingly.
Binance Alpha will launch GAIA (GAIA) on July 30
According to official news, Binance Alpha will launch GAIA (GAIA) on July 30.
Eligible users can claim airdrops using Alpha Points on the Alpha event page, which can be claimed after trading opens. More details will be announced soon.
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Meme Popularity Ranking
According to the meme token tracking and analysis platform GMGN, as of July 28, 19:50:
In the past 24 hours, the top five popular Ethereum tokens are: SPURDO, SPX, SPK, MARIE, VRA
In the past 24 hours, the top five popular Solana tokens are: $GREMLY, GIGA, $michi, SNOT, NEKOCOIN
In the past 24 hours, the top five popular Base tokens are: ZORA, GOOEY, Share, DEGEN, VIRTUAL
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