Daily Report | Futu Q2 Financial Report reveals a 43% quarter-on-quarter growth in the scale of crypto business assets; Binance wallet's exclusive TGE will launch AKEDO (AKE)

ChainCatcher Selection

2025-08-20 20:00:00

Collection

August 20 News Overview

Organizer: Jerry, ChainCatcher

Important News:

"What important events happened in the past 24 hours"

Binance Alpha will launch XPIN Network (XPIN) on August 22
According to the official announcement, Binance Alpha will launch XPIN Network (XPIN) on August 22. Eligible users can go to the Alpha event page to claim the airdrop using Binance Alpha points after the Alpha trading opens. Specific details will be announced later.

Futu Q2 Financial Report: Crypto business asset scale grows 43% quarter-on-quarter

According to Futu Group's announcement, total revenue for Q2 2025 was HKD 5.311 billion (approximately USD 677 million), a year-on-year increase of 69.7%, with a non-GAAP net profit of HKD 2.66 billion, up 105.2% year-on-year. The number of registered users reached 27.12 million, a year-on-year growth of 17%. During Q2, Futu's cryptocurrency business expanded into the U.S. market, with the platform's crypto asset scale growing 43% quarter-on-quarter. The company has obtained a virtual asset trading platform license in Hong Kong and is building a full-chain crypto financial ecosystem covering custody, matching, and trading.

Binance Wallet exclusive TGE will launch AKEDO (AKE)

According to official news, Binance Wallet's exclusive Bonding Curve version TGE will launch AKEDO (AKE):

Subscription time: August 21, 2025, from 4 PM to 6 PM (UTC+8);

Subscription eligibility: Eligible users must use Binance Alpha points to participate.

Details of the TGE and event page will be released soon.

Binance Alpha Sapien (SAPIEN) airdrop threshold is 200 Alpha points

Binance Alpha will launch the Sapien (SAPIEN) token, with spot trading opening on August 21, 2025, at 1:00 PM (UTC+8), and contract trading opening at 1:30 PM (UTC+8) on the same day.

After trading begins, users holding at least 200 Binance Alpha points can claim 200 SAPIEN tokens in an airdrop, following a first-come, first-served principle. If the event has not ended, the points threshold will automatically decrease by 15 points every hour.

Binance: Users with at least 200 points can claim 500,000 DGC airdrop

According to official news, trading for DecentralGPT (DGC) on Binance Alpha will open on August 20, 2025, at 8:00 PM (Beijing time).

After trading opens, users with at least 200 Alpha points can claim a 500,000 DGC token airdrop, first come, first served. If the reward pool is not fully allocated, the points threshold will automatically decrease by 15 points every hour.

Please note that claiming the airdrop will consume 15 Alpha points. Users must confirm their claims on the Alpha event page within 24 hours. Otherwise, it will be considered that the user has waived their claim to the airdrop.

U.S. SEC Chairman: Only a small number of crypto tokens should be considered securities

According to Cointelegraph, U.S. Securities and Exchange Commission Chairman Paul Atkins stated at the SALT Wyoming Blockchain Conference that only a small number of crypto tokens should be considered securities, marking a shift from the previous stance under Gary Gensler's leadership.

"What interesting articles are worth reading in the past 24 hours"

Interview with Saros CEO Lynn Nguyen: After completing a $38 million buyback, how to break through in the Solana DEX track?

How does DLMM differ from traditional AMM mechanisms?

Backroom: Tokenization of information, a solution to data clutter in the AI era? | CryptoSeed

By utilizing AI to organize alpha from massive amounts of information and filter out noise, Backroom aims to inject new vitality into the InfoFi track.

Latest "battlefield" of crypto ETFs: 12 institutions spent $15.8 billion, BlackRock attracted over 90% of funds, several ETFs fell behind

In Q2 this year, U.S. Bitcoin and Ethereum spot ETFs performed strongly overall, but fund inflows were highly concentrated, with long-tail ETFs performing relatively poorly.

First in the U.S.: Wyoming launches groundbreaking state-issued stablecoin FRNT

In the coming days, users can purchase FRNT on the Solana blockchain through the digital exchange Kraken, based in Wyoming.

Is Ethereum really a test chain for Bitcoin?

Without Ethereum, we wouldn't have DeFi; without the proof of concept for DeFi, RGB wouldn't know what functions to implement.

From loss to profit, RWA's first stock Figure is about to go public

RWA milestone, Figure has officially submitted its IPO application.

Structural concerns of Ethereum MicroStrategy: Valuation mechanism and risk evolution analysis based on mNAV flywheel model

This article focuses on BMNR's own structure: can this "stock-for-coin" reflexive flywheel operate long-term? When mNAV (EV/ETH, where EV = market cap + interest-bearing debt - cash) premium converges and secondary market support weakens, will it switch from "per share enhancement" to "net dilution"? The following text organizes its key risks based on publicly disclosed and on-chain data.

BlackRock quietly accumulated 3% of Bitcoin, what does this mean?

Institutions are ready, but they need reliable rules.