Daily Report | China Development Publishing House publishes a popular science book on stablecoins titled "Stablecoins Closely Related to Every Common Person"; Zhao Changpeng applies to dismiss the $1.76 billion claim filed against him by the FTX trust
August 6 News Overview整理：Jerry，ChainCatcher
Important News:
- Korean digital bank KakaoBank enters the stablecoin market, collaborating with the government to layout the Korean won stablecoin ecosystem
- Binance Alpha will launch Fireverse (FIR), with an airdrop points threshold of 200 points
- Yi Lihua: Expect a trend of interest rate cuts to begin after mid-August, recent pullbacks are all buying opportunities
- Upbit will launch the PROVE Korean won trading pair
- CoinList will open PublicAI token sale on August 7
- Binance Alpha will launch Sidekick (K)
- China's Ministry of State Security: An overseas company is collecting global iris information through token issuance, threatening national security
- China Development Publishing House publishes a popular science book on stablecoins titled "Stablecoins Closely Related to Every Common Person"
- Zhao Changpeng applies to dismiss FTX Trust's $1.76 billion claim against him
- US SEC: Liquid staking is not within the scope of securities law regulation
"What important events have occurred in the past 24 hours"
Korean digital bank KakaoBank enters the stablecoin market, collaborating with the government to layout the Korean won stablecoin ecosystem
According to The Block, Korean digital banking giant KakaoBank revealed during its earnings report that it is actively preparing to enter the stablecoin market, planning to participate in digital asset issuance or custody services, and working closely with the Kakao Group's stablecoin task force.
The bank emphasizes its technological and risk control advantages, leveraging its experience in providing real-name accounts and KYC/AML monitoring for cryptocurrency exchanges. This move responds to South Korean President Yoon Suk-yeol's policy to promote the Korean won stablecoin market, aiming to prevent capital outflow. Kakao's subsidiary KakaoPay has already submitted a trademark application for stablecoins, while KakaoBank's operating profit in the first half of the year reached $254 million, with users covering nearly half of South Korea's population.
Binance Alpha will launch Fireverse (FIR), with an airdrop points threshold of 200 points
According to official news, Binance Alpha is the first platform to launch trading for Fireverse (FIR), with Alpha trading set to officially begin on August 6, 2025, at 11:00 (UTC).
Once trading starts, users holding at least 200 Binance Alpha points can claim an airdrop of 1,000 FIR tokens on a first-come, first-served basis. If the reward pool is not fully claimed, the points threshold will automatically decrease by 15 points every hour.
Claiming the airdrop will consume 15 Binance Alpha points. Users must confirm their claim on the Alpha event page within 24 hours, or it will be considered a forfeiture of the airdrop.
LD Capital founder Yi Lihua stated, "Under the macro influences of the US stock market and tariffs, ETH has fluctuated for a while. I expect a trend of interest rate cuts to begin after mid-August, and the bull market trend is undoubtedly present. Recent pullbacks are all buying opportunities. Patience is indeed important. Recently, we have seen Galaxy Digital shine, while we established Liquid Digital (LD Capital) at the same time. Because investment is simple and easy, we have been doing Capital business for many years without patiently refining Digital infrastructure, ultimately missing out on significant results."
Upbit will launch the PROVE Korean won trading pair
According to official announcement, Upbit will launch the PROVE Korean won trading pair.
CoinList will open PublicAI token sale on August 7
CoinList will open the PublicAI (PUBLIC) token sale on August 7 at 17:00 UTC (1:00 AM Beijing time on August 8). PublicAI is a Web3 data platform building a "Human Layer for AI," incubated by the Stanford Blockchain Accelerator and backed by investments from the Solana and Near foundations, having completed a total of $10 million in financing.
This round of token sale has a fully diluted valuation (FDV) of $70 million, with a unit price of $0.07 per PUBLIC, totaling 28.57 million PUBLIC tokens for sale, accounting for approximately 2.86% of the total issuance, with 100% TGE unlock. The minimum subscription amount is $100, supporting USDT/USDC payments.
This sale will adopt CoinList's standard "Filling from the bottom" allocation mechanism, and users who do not win will receive a refund within 48 hours.
Binance Alpha will launch Sidekick (K)
According to the official announcement, Binance Alpha will become the first platform to launch Sidekick (K) on August 8. Eligible users can go to the Alpha event page to claim the airdrop using Binance Alpha points after Alpha trading opens. Specific details will be announced separately.
The official WeChat account of China's Ministry of State Security stated that there have been public cases showing that an overseas company is inducing global users to provide iris information through the issuance of cryptocurrency tokens, transferring the related data sources, posing a potential threat to personal privacy and national security.
China Development Publishing House recently published a popular science book on stablecoins titled "Stablecoins Closely Related to Every Common Person," authored by Gao Chengshi. The book introduces the current development status of stablecoins and their potential impact on the lifestyles of ordinary people using simple language and real cases, emphasizing their importance as a tool for asset hedging and financial services, aiming to help non-technical readers understand the logic and application scenarios behind stablecoins.
Zhao Changpeng applies to dismiss FTX Trust's $1.76 billion claim against him
According to Bloomberg, Zhao Changpeng has requested the U.S. Bankruptcy Court in Delaware to dismiss the $1.76 billion claim filed against him by the FTX Trust. The trust claims that the funds were improperly transferred to Binance by SBF (Sam Bankman-Fried).
In a motion submitted on Monday, Zhao Changpeng stated that he is a resident of the UAE and that the trust cannot prove it is under the jurisdiction of Delaware. He emphasized that the related claims have little connection to the U.S., and the laws involved have no extraterritorial applicability.
Previously, the trust and FTX Digital Markets sued Binance and several executives over a share buyback agreement with SBF in July 2021. In July of this year, two former Binance executives applied to be removed from the lawsuit. Zhao Changpeng stated that he is merely a "nominal counterparty" in the transaction and accused FTX of "unreasonably" blaming Binance for its bankruptcy.
He also pointed out that serving U.S. legal documents to foreign defendants is improper and would render the complaint invalid. Zhao Changpeng further stated that U.S. bankruptcy law does not clearly apply to the transfer of foreign funds.
US SEC: Liquid staking is not within the scope of securities law regulation
According to The Block, the U.S. Securities and Exchange Commission (SEC) stated in its latest guidance that certain liquid staking activities do not involve securities, and individuals engaging in liquid staking activities do not need to register with the agency under securities law. Liquid staking providers that may not be subject to securities law include Lido, Marinade Finance, JitoSOL, and Stakewise.
The SEC pointed out that the issuance and sale of staking receipt tokens in specific ways and circumstances do not constitute the issuance and sale of securities unless the deposit of crypto assets is part of an investment contract. This particularly applies to staking cryptocurrency through software protocols or service providers, then receiving "liquid staking receipt tokens" to prove the staker's ownership of the staked crypto assets and any yields generated.
Some experts believe that this guidance may prompt the SEC to approve staking operations in proposed spot Ethereum ETFs, as liquid staking tokens can help manage liquidity within the ETF, which had previously been a concern for the SEC. Additionally, this statement has significant implications for receipt tokens such as cross-chain bridging, as some companies are seeking to modify the listing of Ethereum ETFs to allow staking.
"What interesting articles are worth reading in the past 24 hours"
"The Darabit acquisition has not yet been included in the financial report and may be a new growth point in the future."
Lance Vitanza predicts that Strategy will achieve approximately $15.3 billion in Bitcoin revenue this year.
Why does the AI Agent era need dedicated IP infrastructure?
From the global connector BSN, the industrial foundation "Spark Chain Network," to the technological cornerstone "Chang'an Chain," and the "exception" public chain Conflux, they collectively form China's unique blockchain landscape. Who is most likely to break through and become the trusted foundation for China's stablecoin vision, aimed at the global market?
PUMP rises against the trend, what has happened in the meme launchpad in the past two weeks
What stage has the meme launchpad battle reached?
The SEC believes that staking receipt tokens (such as stETH) serve only as proof of ownership, do not trigger the Howey test, and exempt protocols like Lido from registration requirements.
Countdown to Fed rate cuts, has the crypto market reached the "golden pit"?
It is expected that by September, the Fed will have no choice but to initiate rate cuts to re-stimulate the market.
Meme Popularity Rankings
According to the meme token tracking and analysis platform GMGN, as of August 6, 19:50:
In the past 24 hours, the top five popular Ethereum tokens are: PROVE, IMAGINEMEME, MARIE, 0xNODE, HANA
In the past 24 hours, the top five popular Solana tokens are: POOPEPE, dog, eTONS, LCKO, SPARK
In the past 24 hours, the top five popular Base tokens are: TIBBIR, ZORA, ZORB, USI, BasedMarie
Risk warning
Risk warning
