Daily Report | Hong Kong's "Stablecoin Regulation Draft" officially takes effect; Trump's reciprocal tariffs delayed by one week to August 7
August 1 News OverviewOrganizer: Jerry, ChainCatcher
Important News:
- Binance Alpha has launched Toshi (TOSHI), users holding at least 200 Alpha points can claim the airdrop
- Binance Alpha will launch MOMOFUN (MM) on August 3, eligible users can claim the airdrop
- Binance Alpha has launched MIA airdrop, with a threshold of 200 points
- Hong Kong's "Stablecoin Regulation Draft" officially takes effect
- Trump's tariff implementation date delayed by a week to August 7
- Strategy's Q2 net profit reaches $10 billion, plans to raise $4.2 billion to increase Bitcoin holdings
- Coinbase releases Q2 financial report: net profit reaches $1.43 billion, far exceeding last year's same period, but trading revenue declines by 39% quarter-on-quarter
- UK FCA announces it will allow retail investors to participate in crypto ETN trading starting October 8
- In July, the crypto primary market completed a total of 67 financing events, with total financing reaching $1.16 billion
"What important events happened in the past 24 hours"
Binance Alpha has launched Toshi (TOSHI), users holding at least 200 Alpha points can claim the airdrop
According to the official announcement, Binance Alpha has launched Toshi (TOSHI). Users holding at least 200 Binance Alpha points can claim an airdrop of 69,349 TOSHI tokens. First come, first served.
Binance Alpha will launch MOMOFUN (MM) on August 3, eligible users can claim the airdrop
According to the official announcement, Binance Alpha will launch MOMOFUN (MM) on August 3. Eligible users can claim the airdrop using Binance Alpha points on the Alpha event page after trading opens. More details will be announced soon.
Binance Alpha has launched MIA airdrop, with a threshold of 200 points
According to the official announcement, Binance Alpha has launched ai.ac (MIA).
Users holding at least 200 Alpha points can claim an airdrop of 500 MIA tokens. First come, first served. If the event has not ended, the score threshold will automatically decrease by 15 points every hour.
Hong Kong's "Stablecoin Regulation Draft" officially takes effect
According to CCTV News, Hong Kong's "Stablecoin Regulation Draft" officially took effect on August 1. This establishes a licensing system for fiat stablecoin issuers in Hong Kong, improving the regulatory framework for virtual asset activities in Hong Kong to maintain financial stability while promoting financial innovation.
After the implementation of the "Stablecoin Regulation," anyone issuing fiat stablecoins in Hong Kong during business operations, or issuing fiat stablecoins claiming to be pegged to the Hong Kong dollar value in or outside Hong Kong, must apply for a license from the Financial Management Commissioner. Relevant parties must comply with regulations regarding reserve asset management and redemption, including properly segregating client assets, maintaining a sound stability mechanism, and processing redemption requests from stablecoin holders at face value under reasonable conditions.
Relevant parties must also meet a series of requirements for anti-money laundering and counter-terrorism financing, risk management, disclosure regulations, auditing, and suitability. The Financial Management Commissioner will consult further on the detailed regulatory requirements of the system in due course.
Trump's tariff implementation date delayed by a week to August 7
According to Jinshi reports, on Thursday evening local time, U.S. President Trump signed an executive order imposing tariffs ranging from 15% to 41% on goods exported to the U.S. from 67 trading partners, raising tariff levels to the highest in over a century.
However, the new tariffs will not take effect until August 7, instead of the previously scheduled August 1, giving countries another window to negotiate lower tariffs. A senior government official stated, "This is historic; this is a new trade system, and this is what I call the Trump round of negotiations." White House officials stated Thursday evening that they hope to reach more agreements with countries before the new tariff implementation date of August 7.
According to Strategy's official announcement, the company achieved operating revenue of $14.03 billion and a net profit of $10.02 billion in Q2 of the 2025 fiscal year, with diluted earnings per share of $32.60. As of July 29, the company's Bitcoin holdings have increased to 628,791 coins, with a total cost of $46.07 billion, averaging $73,277 per Bitcoin. The company has achieved a 25% Bitcoin yield and $13.2 billion in Bitcoin gains so far in 2025. Additionally, Strategy announced plans to raise $4.2 billion through the issuance of STRC perpetual preferred shares to continue increasing its Bitcoin holdings.
According to Coinbase's latest quarterly financial report, the previously exposed user data leak incident ultimately resulted in a loss of $307 million. The overall performance for Q2 is as follows:
Net profit reached $1.43 billion, far exceeding last year's $36 million
Total trading volume was $237 billion, slightly up from $226 billion in the same period of 2024
Quarter-on-quarter, trading revenue declined by 39%, with spot trading volume decreasing by over 30%
The UK's Financial Conduct Authority (FCA) announced today that it will allow retail investors to participate in trading crypto exchange-traded notes (crypto ETNs). This policy will officially take effect on October 8, 2025.
According to the regulations, relevant products must be listed on UK investment exchanges recognized by the FCA and comply with financial promotion rules. Notably, these products are not covered by the Financial Services Compensation Scheme (FSCS).
According to data from the RootData platform, the crypto primary market completed a total of 67 financing events in July, of which 38 disclosed specific amounts, totaling $1.16 billion. Additionally, RootData recorded 18 post-IPO type financing events.
Key financing events include:
- Polymarket acquired the U.S. derivatives exchange QCEX for $112 million
- Pump.fun completed a $500 million public round financing at a valuation of $4 billion
- Agora completed a $50 million Series A financing, led by Paradigm
- Stable completed a $28 million seed round financing, co-led by Hack VC and Bitfinex
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Meme Popularity Rankings
According to the meme token tracking and analysis platform GMGN, as of August 1, 19:50:
In the past 24 hours, the top five popular Ethereum tokens are: KYLO, PC, SPK, fric, DMP
In the past 24 hours, the top five popular Solana tokens are: PCATE, Barron, DLT, BBY, $KOPUMP
In the past 24 hours, the top five popular Base tokens are: ZORA, BINK, VIRTUAL, BNKR, SLAP
Risk warning
Risk warning
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