Daily Report | Kanye West releases official token YZY Money; MetaMask plans to launch stablecoin mUSD on Ethereum and Linea

ChainCatcher Selection

2025-08-21 21:00:00

Collection

Highlights of August 21

Organizer: Jerry, ChainCatcher

Important News:

"What important events happened in the past 24 hours"

Initial jobless claims in the U.S. for the week ending August 16 reached 235,000, expected 225,000
According to Jinshi reports, initial jobless claims in the U.S. for the week ending August 16 reached 235,000, expected 225,000, with a previous value of 224,000.

The four-week average of initial jobless claims in the U.S. for the week ending August 16 is 226,250, with a previous value of 221,750.

Continuing jobless claims in the U.S. for the week ending August 9 were 1.972 million, expected 1.96 million, with the previous value revised from 1.953 million to 1.942 million.

MetaMask plans to launch stablecoin mUSD on Ethereum and Linea

According to The Block, crypto wallet MetaMask plans to launch the mUSD stablecoin on Ethereum and Linea, which will be issued by Bridge, a subsidiary of Stripe.
Additionally, mUSD will be fully backed 1:1 by "high-quality, highly liquid dollar-equivalent assets" and will achieve real-time transparency and cross-chain composability through M0's liquidity network.

Binance Wallet releases Alpha airdrop report for the first half of August, with a maximum single account earning of $1,616

According to official news, Binance Wallet released the performance statistics of this month's Alpha airdrop, with a total of 24 Alpha airdrop tokens launched from August 1 to August 18. If a single account sells at the highest token price, the airdrop value can reach $1,616, and if sold at the end of the airdrop's first day, the airdrop value is approximately $1,175.

Binance Alpha: AriaAI (ARIA) airdrop threshold is 200 points

Binance Alpha will launch AriaAI (ARIA), with trading starting on August 21, 2025, at 20:00. After trading begins, users holding at least 200 Binance Alpha points can claim 625 ARIA tokens in the airdrop, on a first-come, first-served basis. If the event has not ended, the point threshold will automatically decrease by 15 points every hour. Claiming the airdrop will consume 15 Binance Alpha points.

Arthur Hayes expresses regret for trading YZY tokens

BitMEX co-founder Arthur Hayes tweeted, "Oh no… don't let me trade this garbage coin again, like YZY. I should stick to a steady approach."

Binance: Users holding 238 or more Alpha points can participate in Akedo (AKE) TGE event

According to the official announcement, users holding 238 or more Binance Alpha Points can participate in the Akedo (AKE) TGE event through the Alpha activity page, which will deduct 15 points for participation.

Workers' Daily: Abnormal trading of virtual currencies may involve criminal activity

According to Workers' Daily, the Beijing Second Intermediate People's Court recently tried a case involving the use of virtual currency trading to conceal and disguise criminal proceeds. The defendant, knowing it was criminal proceeds, still assisted in the transfer and was sentenced to 3 years and 6 months. In August 2024, Liu, knowing that the cash held by He was criminal proceeds, sold USDT (commonly known as U coin) to He and received 200,000 yuan in cash, which has now been untraceable. It was found that the 200,000 yuan transferred by Liu was money defrauded from others.

The court's effective ruling stated that Liu, knowing it was criminal proceeds, still assisted in the transfer, and his actions constituted the crime of concealing and disguising criminal proceeds. The court sentenced Liu to 3 years and 6 months in prison and imposed a fine of 40,000 yuan, confiscating his illegal gains.

The judge stated that defendants in cases of concealing and disguising criminal proceeds typically have a profit-seeking nature and a sense of luck. Many defendants cannot resist the temptation of short-term high returns and commit crimes. Although the legal publicity efforts against telecom network fraud have been continuously strengthened, most defendants have some awareness that the property involved may be fraudulently obtained, but some still fantasize that their concealing and disguising actions are difficult to detect, or that even if discovered, the consequences are not severe, thus testing the law.

The judge reminded to be wary of any requests for "abnormal trading" under the banner of virtual currencies, and not to be tempted by so-called "transaction fees," "price differences," or other small profits, or to trust others' promises, participating in the buying, selling, or transferring of virtual currencies or funds of unknown origin. Knowing it is someone else's criminal proceeds, yet still assisting in conversion, transfer, or cashing out, may violate criminal law and constitute the crime of concealing and disguising criminal proceeds, facing severe criminal penalties.

YZY Money official document includes "class action waiver" clause

According to the YZY Money official document, the clause includes a "class action waiver." "To the extent permitted by law, you agree not to initiate, join, or participate in any class action regarding any claims, disputes, or controversies you may have against any protected party. You agree that the court may take injunctive relief measures to prevent such lawsuits or remove you from the lawsuit. You agree to pay any attorney fees and litigation costs incurred by any protected party in seeking such relief."

Previously, it was reported that Kanye West launched the meme coin YZY on Solana. According to estimates from Coinbase executives, at least 94% of the new Kanye token is held internally.

Kanye West: Official token has been released

Kanye West posted a video on social media stating, "The official token (YZY) has been released." This may be to prove that his account has not been hacked.

YZY token economics: 20% public issuance, 30% belongs to the issuer and locked for 3 months

According to information from the YZY MONEY official website launched by Kanye West, the YZY token economics are as follows:

Public issuance: 20%

Liquidity pool: 10%

Yeezy Investments LLC (issuer): 30%

(Locked for 3 months, released linearly over 24 months)

Team: 20%

(Locked for 6 months, released linearly over 24 months)

Ecosystem development fund: 20%

(Locked for 12 months, released linearly over 24 months)

Previously, Kanye West announced the launch of the meme coin YZY on the X platform, but it has not been confirmed whether the account was hacked.

"What are some great articles worth reading in the past 24 hours"

Exchange listing strategies shift: The rise of DEX issuance and a new pattern dominated by secondary listings

After the carnival, value truly begins to surface.

BNB reserve listed company WINT delisted, "holding coin strategy" fails to cure all ills

In the game of "who is the real BNB treasury company," Windtree was eliminated.

Why Bitcoin is a better "gold"

At the same time, Bitcoin is slowly dissolving and shaking the market position of gold, and in this process, it brings epic wealth creation and transfer opportunities for our generation.

BIO launches V2, can the new Launchpad restart the Desci craze?

$BIO skyrocketed, what should we pay attention to?

Wormhole forcibly raises prices, can LayerZero's acquisition of Stargate still proceed?

Wormhole's top conspiracy: this wave became a blood profit, and if it fails, it can still be disgusting.

Trump's conspiracy: Run It Hot

In this report, we will discuss the recent disappointing non-farm payroll data for investors and argue that nominal weakness may only be a temporary phenomenon. At the same time, we focus on three key events from the past month: the legislative passage of the "Big and Beautiful Act," Elon Musk's announcement of the founding of the "American Party," and the increasing uncertainty regarding Federal Reserve Chairman Powell's future.

After a six-month delay, Kanye officially launches MEME coin! Suspected to be operated by the Argentine presidential coin team, several insiders profit by running ahead

From an early resolute resistance to now personally launching a coin, Kanye's motives and operational methods have pushed the project into a vortex of controversy, and the final direction of this carefully packaged capital game may only be revealed by time.

Some information and doubts about Kanye's coin YZY

Is this another breakout point, or another "Milei"?

The "disappeared" founders of top-tier crypto projects

Gavin Wood, who has been missing for a while, is preparing to return.

WLFI lands on U.S. stocks: Can Trump's $10 billion pull up the bull market?

Trump: Coins need to be traded, and stocks need to be sold.

Kanye launches a coin! A mix of carnival and controversy

Kanye West's crypto adventure.

He spent billions buying Ethereum, saying $4,000 is the bottom

A person suddenly carries the hope of the crypto circle.