Daily| Binance Wallet will launch StakeStone TGE; Binance confirms that FDUSD can provide 1:1 reserve support
Reprinted from chaincatcher
04/03/2025·1MCompiled by: Jerry, ChainCatcher
Important information:
- Binance confirms FDUSD to be able to provide 1:1 reserve support
- Wu Jiezhuang: In response to the FDT incident, the Hong Kong authorities need to re-examine the relevant regulatory systems as soon as possible
- Binance Wallet will launch StakeStone TGE
- Du Jun: Select a token with growth potential from the secondary market every month, and the single investment amount is controlled between 2 million and 10 million US dollars.
- Binance will add observation tags for ARDR, BSW, etc. and remove seed tags for JUP, STRK and TON
- First Digital: Not involved in the coordination program or misappropriation of funds, performing transactions as directed by Techteryx and its authorized representatives
- Babylon announces BABY token economics: 10 billion yuan, and community incentives account for 15%
“What important events have happened in the past 24 hours”
Binance confirms FDUSD to be able to provide 1:1 reserve support
Binance official said that according to the recently completed audit, stablecoin FDUSD has achieved 1:1 reserve support. This means that each FDUSD is supported by an equivalent dollar asset.
According to Hong Kong media Sing Tao Headlines, in response to the recent US$500 million cryptocurrency trust fraud case, Wu Jiezhuang, chairman of the Hong Kong Legislative Council Web3 and Virtual Asset Development Subcommittee, said, "Hong Kong is actively attracting foreign capital, including mainland funds, but in fact, many foreign friends have very shallow understanding of the Hong Kong system, and even many misunderstandings. I think this is a problem to face. The FDT incident has an impact internationally, and the authorities must re-examine different regulatory systems as soon as possible to respond to society.
Since there is no custody regulatory system, many times Web3 companies will use trust companies as a basis to help third parties custody assets. If you do this properly, there is no problem, but if you are interested in using this gap to do illegal things, I am worried that the outside world will weaken your confidence in Hong Kong. It is recommended that the authorities should do more publicity and education and check whether there is room for optimization. ”
Legislative Council member Chen Zhenying pointed out that if trust companies are entrusted to manage assets in the form of companies, there may be a regulatory vacuum. Investors are advised to investigate the company's background carefully and call for consideration of inclusion of "trusts" in the scope of legal supervision.
Binance Wallet will launch StakeStone TGE
According to the official announcement, Binance Wallet will launch StakeStone TGE. The investment time is April 3rd from 08:00-08:30 am (UTC).
Du Jun, founder of ABCDE, said: "We will select a token with growth potential (excluding Bitcoin) from the secondary market every month, and the single investment amount is controlled between 2 million and 10 million US dollars. After each purchase is completed, we will disclose the corresponding on-chain address and investment logic to ensure transparency and share our judgment basis with the community."
Binance will add observation tags for ARDR, BSW, etc. and remove seed tags for JUP, STRK and TON
According to the official announcement, Binance will add observation tags for ARDR, BSW, FLM, LTO, NKN, PDA, PERP, VIB, VOXEL and WING, and remove seed tags for JUP, STRK and TON.
First Digital released an official statement on social media: "Justin Sun's allegations against FDT at a media conference today are groundless. We firmly deny any claims about FDT's alleged involvement in the coordination program or misappropriation of funds. We want to emphasize that these allegations are completely unfounded and completely wrong.
FDT acts as an intermediary only, performs transactions as directed by Techteryx and its authorized representatives. FDT does not, nor does it have an obligation to independently evaluate or recommend Techteryx's investment. We also have never moved or invested funds without express written instructions from Techteryx or its authorized representatives. All reserve assets are deployed strictly in accordance with written instructions provided by Techteryx and its authorized representatives at the time. We have records of all written instructions as evidence.
Regarding Techteryx's request for redemption of funds, ARIA has expressed its anti-money laundering (AML) and KYC's concerns regarding the acquisition deal between TrueCoin and Techteryx and the identity of Techteryx ultimately benefiting the owner. As of today, Techteryx refuses to provide the information required by ARIA.
We reiterate that FDT is still fully solvency-enough and each FDUSD is fully supported by cash and cash equivalents in a 1:1 ratio. The exact ISIN numbers of all FDUSD-enabled reserve assets are clearly listed in our certification report and are available for public verification. We are processing redemption requests as usual. Legal advice is being sought, and FDT will take legal action to protect its rights and reputation. ”
Babylon announces BABY token economics: 10 billion yuan, and community incentives account for 15%
Babylon announced BABY token Economics, with a total of 10 billion pieces, including: community incentives (15%), R&D and operations (18%), early private equity investors (30.5%), teams (15%), consultants (3.5%).
“What are some great articles worth reading in the past 24 hours”
Justin Sun attacked, FDUSD deaned: Will FDT be the number one thunder in 2025?
Stablecoins are more unstable than the market.
The total investment and financing amount reached US$2.88 billion, an increase of nearly 200% month-on-month. The main reason for the sharp increase in financing amount is that Binance received US$2 billion in financing; the number of financing was 74, a decrease of about 18% month-on-month, reflecting the decrease in the number of VC moves; in addition, 12 mergers and acquisitions occurred this month, and the number of mergers and acquisitions exceeded 10 for five consecutive months.
Conversation Sign Lianchuang Xin Yan: SIGN does not want to be the next VC coin
The Sign App is scheduled to be available in mid-May, before SIGN TGE.
Lending + pledge, innovative model of decrypting the stablecoin protocol Level | CryptoSeed
Level is exploring a new path to build a highly transparent, composable stablecoin lvlUSD based on lending protocols and provide risk-adjusted returns.
Interview with Altius Co-founder: How does Altius make all blockchains "Solana-level" performance?
Altius is developing a modular execution layer stack that aims to provide high-performance execution support for various public and application chains. The unique feature of this technology is that developers can obtain high throughput and low latency transaction execution capabilities without modifying existing code. It is especially suitable for high-frequency trading and DeFi derivatives and other application scenarios that require extremely high execution efficiency.
1confirmation Founder supports Ethereum and Vitalik: ETH is being severely underestimated
Often the stronger the narrative, the further away from the truth. Those who stay focused and not tempted by the chase craze will be rewarded.
Super connector for Web3? FO-X is committed to using meme to leverage 1 billion consumers
meme can also be practical.
Meme Popular List
According to the market data of Meme token tracking and analysis platform GMGN , as of April 3, 19:50:
The top five popular Ethereum tokens in the past 24h are: COCORO, SPX, Cheemstos, KEK, Draag
The top five popular tokens in the past 24h are: PIPE, PEPEK, SOLO, Pepe, PT
The top five popular tokens in the past 24h Base are: GRK, TOSHINME, VIRTUAL, DRB, SKITTEN
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