Daily Report | Binance Wallet will launch StakeStone TGE; Binance confirms FDUSD can be supported with 1:1 reserves
April 3 News Overview整理：Jerry，ChainCatcher
Important News:
- Binance Confirms FDUSD Can Achieve 1:1 Reserve Support
- Wu Jiezhuang: Hong Kong Authorities Need to Reassess Relevant Regulatory Systems Quickly in Response to FDT Incident
- Binance Wallet to Launch StakeStone TGE
- Du Jun: Select One Growth-Potential Token from the Secondary Market Each Month, with Individual Investment Amount Controlled Between $2 Million and $10 Million
- Binance to Add Observation Tags for ARDR, BSW, etc., and Remove Seed Tags for JUP, STRK, and TON
- First Digital: Did Not Participate in Coordination Plans or Misappropriation of Funds, Executed Transactions According to Techteryx and Its Authorized Representatives' Instructions
- Babylon Announces BABY Token Economics: Total Supply of 10 Billion, Community Incentives Account for 15%
"What Important Events Happened in the Last 24 Hours"
Binance Confirms FDUSD Can Achieve 1:1 Reserve Support
Binance officials stated that according to a recently completed audit, the stablecoin FDUSD has achieved 1:1 reserve support. This means that each FDUSD is backed by an equivalent amount of USD assets.
According to Hong Kong media Sing Tao Daily, regarding the recent $500 million cryptocurrency trust fraud case, Wu Jiezhuang, chairman of the Legislative Council's Web3 and Virtual Assets Development Subcommittee, stated, "Hong Kong is actively attracting foreign investment, including from mainland China, but in fact, many foreign friends have a very superficial understanding of Hong Kong's system, and there are even many misunderstandings. I believe this is a problem that needs to be addressed. The FDT incident has international implications, and the authorities must quickly reassess different regulatory systems to respond to society.
Due to the lack of a custodial regulatory system, many Web3 companies often rely on trust companies to help third parties manage assets. If done properly, there is no problem, but ill-intentioned individuals may exploit this gap for illegal activities. I am concerned that external parties will lose confidence in Hong Kong, and I suggest that the authorities should increase public education and examine whether there is room for optimization."
Legislative Council financial sector member Chan Chan-ying pointed out that if assets are entrusted to a trust company in the form of a company, there may be a regulatory vacuum. He advised investors to carefully investigate the company's background and called for considering including "trusts" within the scope of legal regulation.
Binance Wallet to Launch StakeStone TGE
According to the official announcement, Binance Wallet will launch StakeStone TGE. The investment period is from April 3rd, 08:00-08:30 (UTC).
Du Jun, founder of ABCDE, stated, "We will select one growth-potential token (excluding Bitcoin) from the secondary market each month, with individual investment amounts controlled between $2 million and $10 million. After each purchase is completed, we will publicly disclose the corresponding on-chain address and investment logic to ensure transparency and share our judgment basis with the community."
Binance to 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: "Today, Justin Sun made baseless accusations against FDT at a press conference. We firmly deny any claims regarding FDT's involvement in coordination plans or misappropriation of funds. We want to emphasize that these accusations are completely unfounded and factually incorrect.
FDT only acts as an intermediary, executing transactions according to Techteryx and its authorized representatives' instructions. FDT has not, and is not obligated to, independently assess or advise on Techteryx's investments. We have never moved or invested funds without clear written instructions from Techteryx or its authorized representatives. All reserve assets are deployed strictly according to the 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 fund redemption, ARIA has expressed its anti-money laundering (AML) and Know Your Customer (KYC) concerns regarding the acquisition transaction between TrueCoin and Techteryx, as well as the identity of Techteryx's ultimate beneficial owners. As of today, Techteryx has refused to provide the information requested by ARIA.
We reiterate that FDT remains fully solvent, with each FDUSD fully backed by cash and cash equivalents at a 1:1 ratio. The exact ISIN numbers of all reserve assets supporting FDUSD are clearly listed in our certification report and are available for public verification. We are processing redemption requests as usual. We are seeking legal advice, and FDT will take legal action to protect its rights and reputation."
Babylon announced the BABY token economics, with a total supply of 10 billion, including: community incentives (15%), research and development and operations (18%), early private placement investors (30.5%), team (15%), and advisors (3.5%).
"What Exciting Articles Are Worth Reading in the Last 24 Hours"
Sun Yuchen Strikes Back, FDUSD Decouples: Will FDT Be the First Bomb in 2025?
Stablecoins are less stable than the market.
RootData March Crypto Data Summary: Market in Extreme Panic, Industry Accelerating Consolidation
The total financing amount reached $2.88 billion, a nearly 200% increase month-on-month, primarily due to Binance's $2 billion financing; the number of financing rounds was 74, a decrease of about 18% month-on-month, reflecting a reduction in VC activity; additionally, there were 12 M&A events this month, marking the fifth consecutive month with over 10 M&A transactions.
Interview with Sign Co-Founder Xin Yan: SIGN Does Not Want to Become the Next VC Coin
Sign App plans to launch in mid-May, with SIGN TGE taking place beforehand.
Lending + Staking, Unveiling the Innovative Model of Stablecoin Protocol Level | CryptoSeed
Level is exploring a new path, relying on lending protocols to create a highly transparent and composable stablecoin, lvlUSD, and provide risk-adjusted returns.
Altius is developing a modular execution layer stack designed to provide high-performance execution support for various public chains and application chains. The uniqueness of this technology lies in that developers can achieve high throughput and low-latency transaction execution capabilities without modifying existing code, making it particularly suitable for high-frequency trading, DeFi derivatives, and other applications that require high execution efficiency.
1confirmation Founder Supports Ethereum and Vitalik: ETH Is Severely Undervalued
Often, the stronger the narrative, the further it is from the truth. Those who remain focused and are not tempted by the chasing hype will be rewarded.
The Super Connector of Web3? FO-X Aims to Leverage Memes to Engage 1 Billion Consumers
Memes can also serve practical purposes.
Meme Popularity Rankings
According to the meme token tracking and analysis platform GMGN, as of April 3rd, 19:50:
In the past 24 hours, the top five popular tokens on Ethereum are: COCORO, SPX, Cheemstos, KEK, Draag
In the past 24 hours, the top five popular tokens on Solana are: PIPE, PEPEK, SOLO, Pepe, PT
In the past 24 hours, the top five popular tokens on Base are: GRK, TOSHINME, VIRTUAL, DRB, SKITTEN
