Daily Report | Trump signs executive order allowing cryptocurrency to be included in 401(k) pension plans; Ant Group's Ant Financial claims that its self-developed public chain Jovay is expected to launch on the mainnet this September and will not involve token issuance
August 7 News SummaryOrganizer: Jerry, ChainCatcher
Important News:
- Ant Group: Self-developed public chain Jovay is expected to launch on the mainnet in September this year, without issuing tokens
- Bloomberg: Trump will sign an executive order on Thursday aimed at allowing cryptocurrencies to be included in 401(k) pension plans
- Binance Charity will airdrop up to $1.2 million in BNB to users in southern Taiwan affected by flooding
- RWA registration platform officially launched in Hong Kong
- Binance Alpha: Users with at least 200 Binance Alpha points can claim 1000 X airdrop
- Binance Alpha: INFINIT(IN) airdrop threshold is 200 points
- Hong Kong listed company Delin Holdings plans to raise HKD 653.3 million, focusing on blockchain and virtual asset business
- CPPCC Standing Committee Member Yao Zhisheng: Hong Kong should prepare a financial development white paper to promote stablecoin bonds to surpass London
"What important events happened in the past 24 hours"
Ant Group: Self-developed public chain Jovay is expected to launch on the mainnet in September this year, without issuing tokens
According to Jinshi, Ant Group's Vice President and President of Ant Group's blockchain business, Bian Zhuoqun, revealed today that the company's self-developed public chain is scheduled to officially launch by the end of September 2025, and this public chain will be able to handle real transactions.
On April 30 this year, Ant Group released the Layer2 blockchain Jovay and clearly stated that Jovay is a compliant institutional-level blockchain that will not issue tokens. Bian Zhuoqun stated that Ant Group is committed to becoming a gateway connecting Web2 and Web3, providing more trustworthy assets for Web3 while introducing more compliant funds for Web2. She cited data predicting that the global tokenization market is expected to reach $16 trillion by 2030.
Currently, Ant Group has expanded its RWA asset layout in fields such as new energy, computing power, and finance.
According to Bloomberg, Trump will sign an executive order on Thursday to relax investment restrictions on 401(k) retirement accounts. The order will instruct the Department of Labor to reassess the alternative asset investment guidelines under the Employee Retirement Income Security Act of 1974, allowing alternative assets such as private equity, real estate, and cryptocurrencies to be included in the approximately $12.5 trillion retirement account system. The Department of Labor will also clarify fiduciary responsibilities related to fund management that includes alternative assets.
Binance Charity announced that it will airdrop up to $1.2 million (approximately NT$35 million) in BNB to users in southern Taiwan affected by flooding to provide timely support. Eligible users must verify their residence in severely affected areas through Proof of Address (POA), including Changhua County and City, Yunlin County, Chiayi County and City, Tainan City, and Kaohsiung City.
Existing users who complete POA verification before August 7, 2025, will receive BNB worth $80; additionally, the first 15,000 users who complete POA verification between August 7 and August 20, 2025, will receive BNB worth $30.
Funds are expected to be distributed to user accounts starting from August 14, 2025.
RWA registration platform officially launched in Hong Kong
According to Jinshi, the RWA registration platform was officially launched in Hong Kong today. The platform, initiated by the Hong Kong Web3 Standardization Association, will connect the entire process service system of RWA asset tokenization, including data, assetization, and financialization.
On the same day, three Web3 standards were initiated, including "RWA Tokenization Business Guidelines," "RWA Tokenization Technical Specifications," and "Blockchain-based Stablecoin Cross-border Payment Technical Specifications."
Binance Alpha: Users with at least 200 Binance Alpha points can claim 1000 X airdrop
According to the official announcement, Binance Alpha is the first platform to launch TaleX (X), and Alpha trading will start on August 7, 2025, at 19:00 (UTC+8).
After trading begins, users holding at least 200 Binance Alpha points can claim an airdrop of 1000 X tokens. First come, first served. If the event is not over, the score threshold will automatically decrease by 15 points every hour.
Please note that claiming the airdrop will consume 15 Binance 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.
Binance Alpha: INFINIT(IN) airdrop threshold is 200 points
According to the official announcement, Binance Alpha and contracts will launch INFINIT(IN):
Alpha trading opens: August 7, 2025, at 17:00 (UTC+8).
Contract trading opens: August 7, 2025, at 18:30 (UTC+8).
After trading begins, users holding at least 200 Alpha points can claim an airdrop of 500 IN tokens. First come, first served, until the airdrop pool is exhausted or the event ends.
Delin Holdings (01709.HK) announced that it has signed placement and subscription agreements with DA Wolf and others, and signed a special authorization subscription agreement with DA Wolf Investment I Limited, with a total expected financing amount of approximately HKD 653.3 million.
The funds will be primarily used to expand blockchain and virtual asset businesses, including: approximately 30% for strategic acquisitions and investments to expand the RWA tokenization plan; 15% for developing Bitcoin mining and establishing Bitcoin reserves; 7% for building a licensed virtual asset over-the-counter trading and retail network in Hong Kong; 8% for developing digital assets, cryptocurrencies, and stablecoin businesses; 10% invested in the ONE Carmel high-end residential project in the U.S.; and another 10% each for IT facility upgrades, ETF creation and quantitative investment, and group operating capital supplementation.
CPPCC Standing Committee Member Yao Zhisheng stated that Hong Kong should timely prepare a financial development white paper and clearly propose specific arrangements in this year's policy address, focusing on promoting the development of stablecoins and bond businesses to surpass London. He proposed four suggestions:
- Establish two strategic goals for Hong Kong's financial development: one is to build a "dual foundation" international financial center based on the RMB and USD, and the other is to rank alongside New York as a global financial hub;
- Focus on developing RMB stablecoins and expanding RMB bond issuance to promote RMB internationalization;
- Formulate a financial development plan for the next five years and outline a ten-year vision blueprint;
- The Chief Executive of Hong Kong should personally lead the preparation and implementation of the white paper.
"What are the must-read articles in the past 24 hours"
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Nobel Laureate Johnson: The crypto crisis is imminent
In fact, from a systemic perspective, the main flaw of the "GENIUS Act" is its failure to effectively address the inherent run risk of stablecoins, as it prevents regulators from establishing strong capital, liquidity, and other safeguards.
August 7 update: Etherex launched its token REX on August 7, reaching a market cap of up to $240 million, currently around $200 million. Compared to the "transformation" before, NILE's market cap of $7 million surged 30 times. Revisit the upgraded version of Linea's native liquidity hub, Nile, Etherex.
Valentin discussed how xStocks differentiates itself from competitors like Robinhood, how it addresses global regulatory challenges, and revealed the platform's future expansion plans.
This Towns airdrop not only yielded "small rewards," but also treated many real users as witch addresses. Most importantly, although the airdrop was labeled as nearly 10% of the total token supply, early users only accounted for 3%.
Meme Popularity Rankings
According to the meme token tracking and analysis platform GMGN, as of August 7, 19:50:
In the past 24 hours, the top five popular Ethereum tokens are: PAPPY, MARIE, MARIE, fric, MHRD
In the past 24 hours, the top five popular Solana tokens are: LCKO, TROLLGE, eTONS, PEPEMAN, BOSS
In the past 24 hours, the top five popular Base tokens are: ZORA, ZORB, RIBBIT, VIRTUAL, SLAP
Risk warning
Risk warning
