Daily| Hong Kong's Stablecoin Ordinance will come into effect on August 1, 2025; users with Binance Alpha points of 223 can apply for 88 FLY airdrops
Reprinted from chaincatcher
06/06/2025·13DCompiled by: Jerry, ChainCatcher
Important information:
- Users with Binance Alpha points of 223 can apply for 88 FLY airdrops
- OKX announces the removal of multiple leveraged trading pairs and adjusts currency discount rate
- Coin Bureau Lianchuang: Circle IPO financing is only Tether's single-quarter operating profit
- ARK Invest acquired Circle stocks in its first day trading
- Founder of Salus: Chinese law enforcement agencies have solved 3 cases of using HyperLiquid for money laundering, and the strategic structure is highly similar to James Wynn's operation path.
- Binance is about to launch Skate (SKATE) transactions and perpetual contracts
- WLFI consultant responds to short TRUMP: Two project entities are independent and need to hedge when uncertain
- Hong Kong's Stablecoin Ordinance will come into effect on August 1, 2025
“What important events have happened in the past 24 hours”
Users with Binance Alpha points of 223 can apply for 88 FLY airdrops
According to official news, Binance is the first platform to launch fly. trade (FLY), and transactions will start at 21:00 (UTC+8) on June 6, 2025.
Eligible users, with at least 223 Alpha points, can apply for airdrops of 88 FLY tokens on the Alpha event page when the transaction is opened. Please note that claiming airdrops will consume 15 Alpha points. Users need to complete the application within 24 hours after the application is opened, otherwise they will be deemed to have waived the airdrop.
OKX announces the removal of multiple leveraged trading pairs and adjusts currency discount rate
According to OKX official announcement, in order to prevent market risks, some leveraged trading pairs will be removed.
- The four trading pairs of BSV/USDT, BSV/BTC, LUNC/USDT, and BAND/USDT will be removed from June 11 from 14:00 to 18:00 (UTC+8);
- The three trading pairs of CELR/USDT, MOVR/USDT and SWEAT/USDT will be removed from the shelves from 14:00 to 18:00 (UTC+8) on June 12.
- All coin borrowing functions involving trading pairs have been stopped at 17:30 (UTC+8) on June 6.
At the same time, OKX will adjust the discount rate of relevant currencies and gradually reduce the discount rate of the delisted currencies to 0. The platform recommends that users handle their positions in a timely manner to avoid forced closing of positions due to rule adjustments.
Coin Bureau Lianchuang: Circle IPO financing is only Tether 's single-quarter operating profit
Coin Bureau co-founder and CEO Nic said on the X platform that Circle issued 34 million shares, priced at about US$31 per share, and raised about US$1 billion in financing. Although it has been a huge success, its financing scale is only equivalent to the single-quarter operating profit of its main competitor Tether. Currently, USDT accounts for more than 60% of the stablecoin market, while USDC's market share is less than one-quarter of the former.
ARK Invest acquired Circle stocks in its first day trading
According to CoinDesk, Circle (CRCL) was listed on the New York Stock Exchange on the first day, with its stock price reaching a maximum of $103.75, up about 50% from the $69 opening price. ARK Invest, a subsidiary of Cathie Wood, purchased nearly 4.5 million Circle shares on the first day of the transaction, with a holding value of US$373 million at the closing price of US$83.23.
Meanwhile, ARK Invest reduced its holdings of other crypto-related stocks, including Coinbase (COIN), $39 million Robinhood (HOOD), and $10.4 million Block (XYZ). Circle has thus become another key holding target for the crypto industry after ARK Invest's portfolio relays Coinbase, Robinhood and other companies.
Mirror Tang (@mirrorzk), founder of Web3 security company Salus, posted on social media that since March this year, Chinese law enforcement agencies have solved three cases of using HyperLiquid to launder money in cryptocurrency. The operation method is to use Hyperliquid's high-leverage liquidation mechanism to flush illegal income, create liquidation losses on HyperLiquid, and at the same time, it will make profits on the centralized trading platform and complete the bleaching of funds. Salus will publish research articles in cooperation with law enforcement agencies in the future to formally disclose this information.
Mirror Tang also pointed out that the strategic structure is highly similar to the operation path of James Wynn, who recently opened a high-plus contract and finally pulled back a profit of US$100 million. Mirror Tang called on Hyperliquid co-founder Jeff to pay attention to the issue, saying that if the lack of current risk control measures cannot be solved, it will face high risks of regulatory intervention.
Binance is about to launch Skate (SKATE) transactions and perpetual contracts
Binance announced that Skate (SKATE) will be traded online on Binance Alpha platform on June 9, 2025 at 10:00 (UTC). At the same time, the Binance Contract Trading Platform will launch the SKATEUSDT perpetual contract at 10:30 (UTC) on the same day, supporting up to 50 times of leverage.
Ogle (@cryptoogle), an consultant to the Trump family crypto project, posted on the X platform: "Why don't people know that Meme coins and World Liberty Fi are completely different. In any case, they do need to hedge when they are uncertain."
In addition, Ogle also confirmed that Trump Group, WLFI, Trump Media Technology Group, and Meme Coin TRUMP are all independent. People speculate that they are related, but they cannot change the fact that these entities are independent.
Previously , according to LookonChain monitoring, WLFI consultant @cryptogle deposited 1 million USDC to Hyperliquid 5 hours ago and shorted TRUMP with 10 times leverage, with a liquidation price of US$12.49.
Hong Kong 's Stablecoin Ordinance will come into effect on August 1, 2025
The Hong Kong Special Administrative Region Government published the "Announcement on the Stablecoin Ordinance (Effective Date)" in the Gazette today (June 6), defining August 1, 2025 as the date on which the Stablecoin Ordinance (Chapter 656) (The Ordinance) will begin.
Xu Zhengyu, Secretary for Financial Affairs and Treasury, said: "After the Ordinance comes into effect, the licensing system will provide appropriate norms for related stablecoin activities and is a milestone in promoting the sustainable development of Hong Kong's stablecoin and digital asset ecosystem."
“What are some great articles worth reading in the past 24 hours”
Circle is listed strongly and has two circuit breakers. What are the beneficiaries behind it?
USDC's "compliance narrative" finally waits for its Wall Street certification.
Overturning US stocks, Bitcoin plummeted, Musk and Trump "screamed" the financial tsunami?
"Neither of these two did what an adult man should do: control his emotions and keep his mouth in mind."
This article is for general information reference only and does not constitute any form of legal opinions, investment advice or other professional advice. Before taking any action based on this material, the user shall, on his own or entrust a lawyer with professional qualifications to conduct independent review and confirmation.
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Meme Popular List
According to the market data of Meme token tracking and analysis platform GMGN , as of June 6, 19:50:
The top five popular Ethereum tokens in the past 24h are: ZEUS, DOGE, OMALLEY, PVE, KBBB
The top five popular tokens in the past 24h are: PEPECHIN, KBBB, TSLA, LC, Fartcoin
The top five popular tokens in the past 24h Base are: DEGEN, SATO, KAITO, BAPE, SLAP
