SEC

BNB Chain launched the second round of a $4.4 million permanent liquidity support program, covering all track tokens

ChainCatcher news, BNB Chain today launched the second round of the $4.4 million permanent liquidity program, expanding from the first round's Meme track to all outstanding native project tokens on BSC (BNB Smart Chain). The aim is to strengthen the long-term development of the BNB Chain ecosystem by providing long-term liquidity support for high-potential projects.This round of competition will take place from March 13 to March 20, 2025, and will include daily and weekly contests to identify the most promising assets based on key performance indicators. The daily competition will be divided into two categories: the "Potential Explosion Zone" for assets with a market cap below $20 million and the "Mature Zone" for assets with a market cap of at least $20 million. The daily competition will last for seven days, with one winning project selected from each zone each day. Rankings will be determined based on a comprehensive performance of trading volume, market cap, and price increase within 24 hours.The weekly competition will evaluate project tokens based on their trading volume, market cap, and price increase over the seven days. Any asset that meets the participation criteria is eligible to participate in the weekly competition, regardless of whether it wins in the daily competition.Eligibility to participate in the competition: Assets must be natively launched on BSC, launched after January 1, 2024, with a market cap of at least $50,000 and a 24-hour trading volume of no less than $10,000.Please note that Binance-pegged tokens, gas fee tokens, stablecoins, cross-chain wrapped tokens, liquidity re-staking tokens, and winners from the first round of the Meme liquidity competition will not be eligible to participate in this round.Conditions for project victory: A market cap of no less than $1 million, an active holder count of at least 2,000 for the daily competition, at least 5,000 for the weekly competition winners, and the top 10 external holding wallets (EOA) must be less than 10% of the total supply; the project must be verified on BscScan or pass a security audit.For more competition rules and ranking formulas, please refer to the source link.

Analysis: David Sacks may have potential differences with the Trump family

ChainCatcher news, financial analysis agency goodalexander published an analysis of White House cryptocurrency and AI director David Sacks' stance on U.S. cryptocurrency policy: A series of recent interviews with David Sacks indicates that the Trump administration's cryptocurrency policy may disappoint the market, as its stance leans more towards Bitcoin maximalism and fails to provide a clear path for the U.S. to become a unique "crypto capital," but at least it has prevented lawsuits against the industry and de-banking.The analysis points out that Sacks compares the U.S. Bitcoin strategic reserve to a "digital fortress," similar to the role of gold reserves. He particularly emphasizes the uniqueness of Bitcoin, including Satoshi Nakamoto's "perfect genesis," fixed supply, decentralization, and the "two trillion dollar bounty for a ten-year existence," all of which argue for value storage rather than "digital cash" or "value internet."Notably, Sacks stated that the tweets about ADA, XRP, and SOL released by Trump were "not particularly special," merely "the top five cryptocurrencies," which is in stark contrast to Eric Trump's exaggerated interpretation of his father's tweets. The analysis suggests that there may be potential differences between Sacks and members of the Trump family, who have heavily invested in the cryptocurrency industry.Regarding regulatory direction, Sacks emphasized SEC Commissioner Hester Peirce's idea of providing a grace period for network developers, allowing them to promote broad participation and the development of functional or decentralized networks under specific conditions. This means that the clear goal for cryptocurrency projects will be to become alternatives to Bitcoin—decentralized commodities that are centralized in the short term but have a grace period. Although the new policy is more favorable for industry development than during the Biden administration, analysts believe it may benefit new projects more than existing ones.
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