Binance Life: Community-Driven Meme Coin Surge Attracts Attention
During the National Day holiday, the meme coin "Binance Life" on the BNB chain saw its price soar 1800 times in just three days, with its market cap briefly surpassing $500 million, attracting global investor attention. This coin was launched by the community platform Four.Meme and initially originated from a joke made by Binance co-founder He Yi on social media, saying "Enjoy the Binance Life," which was quickly transformed into a meme coin by the community. After its launch, the coin sparked heated discussions in trading communities and among KOLs, and was included in Binance Alpha, further boosting market enthusiasm. According to on-chain data platform GeckoTerminal, the market cap of Binance Life surged to $500 million on October 7, with a peak price reaching $0.52. Even after a correction, its market cap remains around $242 million, with a cumulative increase of nearly 3000% since its issuance. However, extreme price volatility and information asymmetry have also raised market concerns about its risks.
HashKey Plans to Go Public in Hong Kong, Raising Up to $500 Million
Hong Kong licensed crypto exchange HashKey Group is actively preparing for an IPO in Hong Kong, aiming to raise up to $500 million. According to insiders, the specific valuation and listing time have yet to be determined and are still in a confidential stage. This IPO comes as Hong Kong accelerates the improvement of its virtual asset regulatory framework and strengthens the VASP (Virtual Asset Service Provider) system.
Falcon Finance Completes $10 Million Strategic Round Financing, Led by M2 Capital
Decentralized finance platform Falcon Finance recently announced the completion of a $10 million strategic round of financing, led by M2 Capital, with participation from several institutions and industry investors. The official statement indicated that the funds will primarily be used to promote multi-chain expansion of the protocol, optimize the derivatives product structure, and strengthen security and compliance systems.
UK Lifts Retail Ban on Cryptocurrency ETNs
The UK's Financial Conduct Authority (FCA) recently announced that it will lift the retail investment ban on cryptocurrency exchange-traded notes (ETNs) that has been in place since 2021. The new regulations are expected to be implemented later this year, allowing eligible exchanges to offer ETN products based on mainstream crypto assets like Bitcoin and Ethereum to retail investors.
SoftBank's PayPay Plans to Acquire 40% Stake in Binance Japan
SoftBank Group's subsidiary PayPay plans to acquire approximately 40% of the stake in the crypto exchange Binance Japan, with the deal still in negotiation. It is reported that both parties will integrate PayPay balances for purchasing crypto assets and withdrawing funds on the Japanese platform, promoting the integration of cashless payments and digital assets.
YZi Labs Establishes $1 Billion Builder Fund to Support BNB Ecosystem Founders
Blockchain investment firm YZi Labs has announced the establishment of a builder fund totaling $1 billion, aimed at supporting early founders and innovative projects within the BNB ecosystem. The fund will primarily be used to incubate startup teams in areas such as DeFi, GameFi, NFTs, and infrastructure, providing funding, technology, and market resources.
S&P Launches Digital Market 50 Crypto Index
S&P Dow Jones Indices recently launched the "Digital Market 50 Crypto Index," which covers 15 major cryptocurrencies and 35 crypto-related stocks, aiming to provide investors with a comprehensive performance reference for crypto assets and publicly listed companies in the industry. The official statement indicated that the index will use a rule-based approach to select representative assets, providing a transparent and tradable market benchmark.
Intercontinental Exchange Plans $2 Billion Strategic Investment in Polymarket
Prediction market platform Polymarket recently confirmed that the Intercontinental Exchange (ICE) will make a $2 billion strategic investment in it, with a post-investment valuation reaching $9 billion. The official statement indicated that this round of funding will be used for product expansion, technology optimization, and enhancing compliance and risk management capabilities.
Token Unlocking
Starknet will release 127 million STRK tokens on October 15, accounting for approximately 5.64% of the current circulating supply.
Onyxcoin will release 296.38 million XCN tokens on October 15, accounting for approximately 0.82% of the current circulating supply.
IOTA will release 12.37 million IOTA tokens on October 15, accounting for approximately 0.33% of the current circulating supply.
Sei will release 55.56 million SEI tokens on October 15, accounting for approximately 1.15% of the current circulating supply.
Arbitrum will release 92.65 million ARB tokens on October 16, accounting for approximately 1.99% of the current circulating supply.
Tribal Token will release 9.6 million TRIBL tokens on October 17, accounting for approximately 1.28% of the current circulating supply.
ZKsync will release 173.08 million ZK tokens on October 17, accounting for approximately 3.49% of the current circulating supply.
Wormhole will release 50.41 million W tokens on October 17, accounting for approximately 1.06% of the current circulating supply.
ApeCoin will release 15.6 million APE tokens on October 17, accounting for approximately 1.69% of the current circulating supply.
Fasttoken will release 20 million FTN tokens on October 18, accounting for approximately 2.04% of the current circulating supply.
Related: Binance Life Wealth Show: A Miracle of Wealth or a Risk Trap?
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