空投 · 5127

Arthur Hayes Reminder: FLOP has not been released yet, and there are no presales or meme coins

BitMEX co-founder Arthur Hayes wrote a reminder that Flop Labs has not yet issued FLOP tokens, and there are no pre-sales or meme coins. Hayes stated that FLOP is not officially launched yet, and reminded the community not to mistake related tokens appearing on the market for official assets. He said Flop Labs is expected to launch an airdrop in the next few months and plans to launch the mainnet next year. According to previous public information, the project had previously planned a large-scale airdrop in the fourth quarter of 2026, and the target time for the main network Genesis block is the first quarter of 2027. Hayes previously announced that he will be leading Flop Labs, a project aimed at building economic infrastructure for AI agents, and FLOP will be designed as a native asset for AI agents to pay for resources such as computing power and storage.

11h ago

Arthur Hayes clarifies Flop Labs hasn't issued any tokens

BitMEX co-founder Arthur Hayes wrote an article clarifying that Flop Labs has not issued any tokens, no pre-sales, and no memecoins. There are currently no $FLOP tokens. Hayes said he will personally announce the airdrop in a few months when it starts, and will separately notify relevant developments when the main network goes live next year.

11h ago

Will compliant ICOs be revived? New SEC regulations open up a financing channel for the cryptocurrency industry

Source: ChainCatcher Author: 0xFACAI Original title: The biggest benefit for the coin industry, is compliant token financing coming back? Public coin sales and financing have once again gained a legal path in the US. On August 18, the US Securities and Exchange Commission released a draft “Regulation Crypto Assets”. According to this draft, startups can raise $5 million in up to four years, and larger projects can raise $20 million or $75 million in 12 months. Without completing a complete set of securities registration, the project can also sell tokens to investors to raise money for network development. The biggest benefit for the coin industry, is compliant token financing coming back? Sounds like ICOs are back. But the SEC gave far more than three funding lines. It wants to establish a set of rules for tokens from birth to “graduation”: projects can be sold to finance first, but it is necessary to clearly explain what to do with this money; if the key work promised by the team is not completed, the token continues to carry the regulatory responsibility for investment terms; only after fulfilling the promise, the token has a chance to exit this level of relationship. “Promises” are the core of the entire draft, and devs must “work” until the token “graduates” before they can “sell”. The draft rules gave the project parties two options. The first type is suitable for startup teams. Assuming a project required $3 million to develop, common choices in the past were to seek venture capital, limit buyers and issue coins outside of the US, or incur the high cost of registering securities. The new draft allows it to use the “startup exemption,” raise no more than $5 million over a maximum period of four years, and file with the SEC when the funding starts and ends. The second type is suitable for projects with greater funding requirements. The first tier raised up to $20 million every 12 months, and the second tier raised up to $75 million. Compared to the $5 million startup exemption, this path can be used over and over again, but the rules are more stringent. Projects can't just hand in a white paper and start selling coins. Both exemptions require the team to disclose how the network is being managed, how the product is being prepared and developed, what security risks the code has, what the company's financial situation is, and who is managing the project. The two larger funding levels also require financial statements to be provided and continuously updated, and the $75 million tranche requires an audit. The SEC didn't remove the original fence either. Issuers and insiders with a record of serious violations cannot use these exemptions, and anti-fraud and anti-manipulation responsibilities remain in effect. If the project uses other securities exemptions at the same time, it must also comply with existing consolidated financial calculation rules. The most important aspect of how to define “graduation” in the entire draft is to treat tokens separately from the investment relationships formed around tokens. A project sells coins to raise money to build a network. Buyers often buy more than just a digital asset that can already be used. They are also expecting the team to create products, attract users, increase token demand, and profit from these efforts. This relationship, which depends on the team's future work, is what the SEC calls an “investment clause.” The token itself can be just a digital asset, but how the project sells it and what it promises to the buyer makes it covered by a layer of investment terms. What the SEC really regulates is this level of relationship between issuers and buyers. The draft designs an exit path for the token. The token can only enter a “safe harbor” after the issuer has completed or permanently ceased all key management tasks of its promises, no new related commitments, and then submitted public certification and analytical instructions to the SEC. As a result, tokens have the concept of “graduation.” When the project is sold and financed, construction is promised to the market. After the project is completed and key tasks are completed, the buyer can no longer rely on the team to fulfill the old promises before the token can “graduate” and the project party can withdraw. The new regulations don't focus on whether tokens are considered securities. In the past, the market judged when a token was no longer subject to securities laws, and often questioned whether the network was “decentralized enough.” As long as the foundation, development company, or founding team continues to work, many people will understand this as the token still relies on a central entity. The SEC draft changed the question: what promises did the project rely on to sell the tokens, and are those promises fulfilled now? Take an example. When Project A sells coins, it tells investors that the team will develop the main network, launch transfer and pledge functions, and then leave the network to a decentralized validator to operate. The main network was later launched, and the features were also available, but the validators were still controlled by the team. Since “decentralizing the network” was also a promise at the time of financing, the token is still unable to “graduate” at this point. When Project B sells coins, it only promises to create a network that can function properly, without “the team must disappear” or “the network...

2d ago22#ICO #SEC

US cryptocurrency concept stocks collectively skyrocketed, Strategy rose nearly 12%, and Coinbase rose 9%

Comparatively, as Bitcoin approached $70,000, crypto-related stocks saw their biggest one-day gain since summer on Wednesday, with Strategy (MSTR), Coinbase (COIN), Circle (CRCL), and BitMine (BMNR) all rising sharply. Among them, Bitcoin reserve company Strategy shares rose 11.95% to $103.58, up more than 13% during the intraday period; crypto trading platform Coinbase rose 9.05% to $159.47; stablecoin issuer Circle rose 9.44% to $78.50; and Ethereum reserve company BitMine rose 9.68% to $20.05. This rise was mainly driven by Bitcoin's short-term shortening. As Bitcoin hit $70,000, a large number of bearish positions were forced to close, and the crypto market saw nearly $2 billion liquidation in the past 24 hours. At the same time, the US Treasury has expanded the scale of long-term treasury bond repurchases, and market liquidity expectations have improved, driving a general rise in risky assets. Stocks such as Strategy and Coinbase are also affected by short compensation. Both companies previously held high short positions on Wall Street. With the rapid rebound in stock prices, some shorting investors were forced to buy and close their positions, further amplifying the increase. Strategy currently holds about 840,000 bitcoins, and its stock price trend is highly related to the BTC price; BitMine holds about 5.82 million ETH, making it one of the listed companies closest to pure exposure to Ethereum in the market. However, despite this significant rebound, Strategy, Coinbase, and BitMine continued to decline during the year. The market is still watching to see if Bitcoin can break through and stabilize the resistance level around $70,000 to determine whether this rise is a trend reversal or short-term bears are squeezing the market.

2d ago

“Graduation rules” under SEC's new rules: token financing is legal, but too many promises make it impossible to get away

Author: 0xFACAI Original title: The SEC threw a bombshell, is the spring of compliant token financing finally here? Public coin sales and financing have once again gained a legal path in the US. On August 18, the US Securities and Exchange Commission released a draft “Regulation Crypto Assets”. According to this draft, startups can raise $5 million in up to four years, and larger projects can raise $20 million or $75 million in 12 months. Without completing a complete set of securities registration, the project can also sell tokens to investors to raise money for network development. Sounds like IC0 is back. But the SEC gave far more than three funding lines. It wants to establish a set of rules for tokens from birth to “graduation”: projects can be sold to finance first, but it is necessary to clearly explain what to do with this money; if the key work promised by the team is not completed, the token continues to carry the regulatory responsibility for investment terms; only after fulfilling the promise, the token has a chance to exit this level of relationship. “Promises” are the core of the entire draft, and devs must “work” until the token “graduates” before they can “sell”. The draft rules gave the project parties two options. The first type is suitable for startup teams. Assuming a project required $3 million to develop, common choices in the past were to seek venture capital, limit buyers and issue coins outside of the US, or incur the high cost of registering securities. The new draft allows it to use the “startup exemption,” raise no more than $5 million over a maximum period of four years, and file with the SEC when the funding starts and ends. The second type is suitable for projects with greater funding requirements. The first tier raised up to $20 million every 12 months, and the second tier raised up to $75 million. Compared to the $5 million startup exemption, this path can be used over and over again, but the rules are more stringent. Projects can't just hand in a white paper and start selling coins. Both exemptions require the team to disclose how the network is being managed, how the product is being prepared and developed, what security risks the code has, what the company's financial situation is, and who is managing the project. The two larger funding levels also require financial statements to be provided and continuously updated, and the $75 million tranche requires an audit. The SEC didn't remove the original fence either. Issuers and insiders with a record of serious violations cannot use these exemptions, and anti-fraud and anti-manipulation responsibilities remain in effect. If the project uses other securities exemptions at the same time, it must also comply with existing consolidated financial calculation rules. The most important aspect of how to define “graduation” in the entire draft is to treat tokens separately from the investment relationships formed around tokens. A project sells coins to raise money to build a network. Buyers often buy more than just a digital asset that can already be used. They are also expecting the team to create products, attract users, increase token demand, and profit from these efforts. This relationship, which depends on the team's future work, is what the SEC calls an “investment clause.” The token itself can be just a digital asset, but how the project sells it and what it promises to the buyer makes it covered by a layer of investment terms. What the SEC really regulates is this level of relationship between issuers and buyers. The draft designs an exit path for the token. The token can only enter a “safe harbor” after the issuer has completed or permanently ceased all key management tasks of its promises, no new related commitments, and then submitted public certification and analytical instructions to the SEC. As a result, tokens have the concept of “graduation.” When the project is sold and financed, construction is promised to the market. After the project is completed and key tasks are completed, the buyer can no longer rely on the team to fulfill the old promises before the token can “graduate” and the project party can withdraw. The new regulations don't focus on whether tokens are considered securities. In the past, the market judged when a token was no longer subject to securities laws, and often questioned whether the network was “decentralized enough.” As long as the foundation, development company, or founding team continues to work, many people will understand this as the token still relies on a central entity. The SEC draft changed the question: what promises did the project rely on to sell the tokens, and are those promises fulfilled now? Take an example. When Project A sells coins, it tells investors that the team will develop the main network, launch transfer and pledge functions, and then leave the network to a decentralized validator to operate. The main network was later launched, and the features were also available, but the validators were still controlled by the team. Since “decentralizing the network” was also a promise at the time of financing, the token is still unable to “graduate” at this point. When Project B sells coins, it only promises to make a network that works properly; it does not include “the team must disappear” or “the network must reach a certain degree of decentralization” in the financing promise. Wait until the Internet is online and produced...

3d ago律动BlockBeats#SEC #financing

540 million airdrops face cancellation, OP governance vote engulfed in civil war

Author: Foresight News Original title: 540 million token airdrop about to be confiscated? The OP governance vote fell into the civil war in early August, and the Optimism Foundation officially submitted a proposal to reclassify the remaining 546.9 million OPs in user airdrop allocations as “strategic ecological funds”. Because it may substantially affect token holders' expectations for future airdrops, it needs to be approved by vote. Voting began on August 14, Beijing time, and the deadline is 12:07 on August 20. Up to now, according to the latest on-chain data, there are about 9.105 million OP votes in favor and 4.258 million OP votes against. A quorum of approximately 16.54 million OPs is required, and there is still a clear gap between the current scale of participation and compliance. The voting results have yet to be finalized, and the community game continues. After May of this year, OP repurchases were suspended, and the total initial supply of OP was approximately 4.295 billion pieces. Of these, 19% (approximately 816 million) were explicitly reserved for users to airdrop. Although this arrangement is an unofficial legal obligation, Optimism has repeatedly confirmed it in public communication over many years, including that when Airdrop 5 was released in October 2024, it was still mentioned that approximately 550 million copies can be used for future airdrops. Actual implementation shows that a total of five rounds of airdrops were completed between 2022 and 2024, and a total of about 269.1 million OPs were distributed, accounting for about 33% of the total amount reserved. The first round accounted for the highest proportion, and standards continued to be adjusted in subsequent rounds, gradually shifting from early use and gas consumption to delegated governance, OP mainnet activity, NFT creators, and Superchain activities. There were no new airdrops in the fourth year (May 2025 to April 2026), and the government clearly switched to “targeted growth projects that can measure retention and revenue results.” On-chain data also shows that Optimism hasn't bought back OP as planned since May. After completing the second and third rounds (March and April) of monthly community repurchases, the government unilaterally suspended the subsequent repurchase program. Officials spent 367.905 ETH to buy back 6951,453 OPs in March, and 50.16 ETH to repurchase 925654 OPs in April. Up to now, the total number of OPs repurchased is 945,1924 OP, which is worth about $756,200 based on the latest price of $0.08. The foundation said it will re-evaluate after the 12-month period ends and does not promise a long-term continuation. At the same time, the overall OP investment in the fourth year decreased by about 35% compared to the third year. New circulation of governance funds decreased by 53% year over year, and Retro Funding (OP is a public product funding mechanism that rewards actual contributions.) Spending dropped by 30%, and airdrops returned to zero. The Foundation simultaneously released the fourth year budget update and the fifth year outlook. It expects to add about 273 million OPs in circulation in the fifth year (not including the airdrop quota that may be restructured this time), of which the Ecosystem Fund is expected to invest about 200 million. According to DeFilLama data, its total TVL has now dropped sharply from its peak of US$5.5 billion to US$526 million. The strategy is shifting to enterprise growth in the crypto market. Second-tier networks are currently facing problems such as loss of users and weak innovation. According to Token Terminal's latest data, its core developers have been reduced to 42, while at its peak at the end of 2024, this number was 144. Currently, Optimism is shifting to the corporate market, including fintech, trading platforms, payment institutions and traditional financial institutions. Currently, partnerships include Bitpanda, Ink, and Dunamu. Specifically, the proposal calls for: · creating a new allocation category “strategic ecosystem fund”; · reassigning the remaining 546.9 million OPs from the user airdrop category to the fund; · Uses include facilitating cooperative transactions involving chains, agreements, institutions and infrastructure to join OP Stack, deepening incentives for OP Mainnet chain activity and liquidity, and expanding cooperation with top brands and institutions. Airdrops that have already been issued are unaffected. If the proposal is approved, the Foundation will update token allocation documents and public accounting records, and follow the established grant monitoring and annual budget reporting mechanisms. The fifth year budget outlook itself...

3d agoForesight News#optimism #token #proposals #governing #airdrop

BONK's crypto treasury revenue soared 6218% in half a year. Why was there only $214,000 left on the account?

Author: Claude, Shenchao TechFlow Original title: BONK Crypto Treasury has only $2.1 million in cash, but 70% of the revenue comes from the founder's own platform Shenchao Guide: On August 14, the NASDAQ listed company Bonk, Inc. (BNKK) handed over the ledger for the first half of the year: revenue of $5.5 million, a sharp increase of 6218% over the previous year, but the net loss was 7.88 million, leaving only $214,000 in cash on the account. The auditor clearly warned that the company “has serious doubts about continuing operations.” What is more noteworthy is that of this 5.5 million revenue, 3.92 million, or 71%, came from the revenue share of the platform associated with founder Mitchell Rudy. Rudy holds approximately 40.2% of common shares and all Series C preferred shares through Lucky Dog Holdings, which can elect half of the company's directors. This publicly traded company, which was renamed from beverage company Safety Shot, gave its life back to the same person. First, tell me who this company is. BONK is one of the most well-known meme coins on Solana. It was airdropped to the community at the end of 2022, and has no corporate entity itself. Bonk, Inc. is a NASDAQ listed company (stock code: BNKK), formerly known as Safety Shot, which sells energy drinks. It changed its name in October 2025 and announced its transformation into a “digital infrastructure company connecting traditional open markets and the decentralized economy”: BONK tokens in the treasury, and also extracted from LetsBonk.fun, a meme coin launch platform in the BONK ecosystem. On August 17, the company released its first half results, and the subsequent 10-Q quarterly report disclosed the full accounts on August 14. The data contrast was huge: revenue of $5.5 million, up 6218% year over year; however, the net loss for the same period was $7.88 million, mainly due to the decline in the price of BONK tokens held, and unrealized losses of $8.17 million were calculated. As of June 30, there was $214,000 in cash on the account, $203,000 in working capital, and a cumulative loss of $191.4 million. The auditor M&K CPAS and management both wrote in the report that these conditions raised major doubts about the company's ability to continue operating (that is, what auditors often call going concerns). Revenue surged 6218% in the first half of the year, and 71% of the $5.5 million revenue from the founder's own platform comprised two parts: the beverage business sold $1,579 million, and the remaining $3.921 million was all revenue share from related parties, accounting for 71% of revenue. This split comes from LetsBonk.fun. Launched by the BONK community in collaboration with DEX Raydium, it is a meme coin launcher running on Solana. The gameplay is similar to pump.fun: anyone can send a token with a little SOL, trade on a curve, and enter the Raydium liquidity pool after reaching scale. The platform charges a 1% processing fee for transactions, and part of the revenue is used to buy back and destroy BONK. From the end of 2025 to the beginning of 2026, it surpassed pump.fun several times in terms of single-day coin issuance, and once became one of the most active launchpads on Solana. 10-Q disclosed that on August 8, 2025, the company signed a revenue sharing agreement with related party Bonk Digital, Inc., to receive a portion of the platform's future revenue stream; it was revised to 51% of LetsBonk.fun's total revenue on December 10, and both parties can also agree to return to 10%. The documents do not disclose Bonk Digital's shareholder structure, only stating that it is a related party linked to the company “through shared ownership and governance.” In other words, 71% of the company's revenue depends on how popular a platform is in the founder's ecosystem. The founder holds 40.2% of the shares, and the C-Series Preferred Stock can elect half of the board company's largest shareholders and the same group of people behind this related platform. Mitchell Rudy, popularly known as Nom, founder and director of Bonk, Inc. According to a letter of attorney from the company's December 2025 shareholders' meeting, Lucky Dog Holdings, controlled by Rudy, benefited from holding...

3d ago深潮TechFlow#Bonk

Binance Alpha Airdrop opens today at 19:00

According to Twitter, Binance Wallet posted that users can prepare to receive the Binance Alpha airdrop and participate in the transaction at 19:00 today. Users with at least 243 Binance Alpha Points can claim tokens on a first-come, first-served basis until the airdrop pool is distributed or the campaign expires. Specific airdrop tokens and related rules will be announced separately. Officials remind users to follow Binance's official channel for the latest developments and complete rules.

3d ago

Aligned announces Genesis airdrop details, accounting for 8.74% of total supply

In comparison, ZK Verification Layer Project Aligned announced Genesis Drop details. The airdrop allocated 8.74% of the total fixed supply of ALIGN of 10 billion units to the community supporting crypto, Ethereum, and ZK. TGE will unlock 44.36% of the total airdrop volume, accounting for about 3.88% of the total supply. The airdrop is divided into three parts. Airdrop 1 is distributed to the community and accounts for about 6.54% of the supply: those who receive 10,000 or less are fully unlocked at TGE; those with more than 10,000 are unlocked in full at TGE; TGE first unlocks 10,000 units, and the rest is released linearly over 12 months. Airdrop 2 was an outstanding contributor, accounting for 2.10%, covering Protocol Guild, L2BEAT, ZachXBT, and ZK Podcast. TGE unlocked only 2.08% of them, and the rest were linear for 47 months. ZK Arcade accounts for 0.10% and is fully unlocked at TGE. In terms of receipt rules, those allotted 10,000 ALIGN and below will receive them on the Base Chain, and those with more than 10,000 will receive them on Ethereum L1. Users can check eligibility and quota at community.alignedlayer.com.

3d ago

Arthur Hayes: Coming out of the mountains to lead Flop Labs, FLOP anticipates Q4 airdrop and launch Genesis block in Q1 2027

Comparing news, Arthur Hayes posted an article announcing that he will end his retirement status, lead Flop Labs, and launch the FLOP token. He said that FLOP will be used as food for AI agents, and the project will not pre-sell or introduce VC, and will use a 100% fair distribution model to create an agentic economy currency. Hayes said more details of the project will be announced later, and a large-scale airdrop is expected in the fourth quarter of 2026 and the launch of the Genesis block in the first quarter of 2027.

4d ago