24H Trending Coins & Headlines | Binance Clarifies TST Deployment Incident; OpenAI May Delay IPO to Next Year (August 3)
- Key Takeaways: Today's market data shows a broad uptick in major cryptocurrencies, with ADA and AVAX leading the gains. Meanwhile, regulatory developments remain intense, including South Korea's plan to introduce emergency intervention powers, Russia's ban on mining in certain regions, the U.S. state of Minnesota's cryptocurrency ATM ban taking effect, and an incident involving a former BNB Chain employee creating a meme token in violation of rules.
- Key Elements:
- Among the Top 10 CEX trading volumes, ADA rose 7.67% and AVAX led with a 5.31% gain; on OKX's biggest gainers list, BICO topped at +40.17%, with both XCH and ENA rising over 10%.
- BNB Chain disclosed that a former employee retained unauthorized access to mnemonic phrases after departure and arbitrarily created new meme tokens; legal action has been taken. The community estimates the developer profited over $1 million through token bundling.
- South Korea's Financial Services Commission plans to amend the law to grant "emergency intervention powers," which could limit leverage ETF multiples and set investment caps during extreme market conditions, in response to recent severe stock market volatility.
- The Russian government will ban cryptocurrency mining in Moscow and other areas starting August 15 through December 31, 2032, covering 8 municipal districts in Kursk Oblast.
- Minnesota's cryptocurrency ATM ban took effect on August 1, requiring approximately 350 licensed machines to cease operations and be removed; from 2023 to 2025, local complaints related to crypto ATMs reached 134, with residents losing nearly $1 million.
- Amazon's 10-Q report disclosed the completion of a total $50 billion investment in OpenAI, with $13.7 billion invested in Q2 and an additional $21.3 billion committed after the reporting period.
- Wintermute data shows institutional clients now account for 72% of its OTC spot flow, an all-time high. The top 10 non-stablecoin altcoins represent approximately 80.5% of market cap, with capital concentrating toward leaders — the next altcoin season may only benefit a select few tokens.
1. Popular Tokens on CEX
Top 10 CEX trading volume and 24-hour price changes:
- BTC: +0.73%
- ETH: +1.43%
- SOL: +1.36%
- XPP: +1.57%
- BNB: +1.54%
- ADA: +7.67%
- QQQB: +1.02%
- DOGE: +1.22%
- TRX: -0.57%
- AVAX: +5.31%
- ZEC: +4.01%
24-hour gainers list (data source: OKX):
- BICO: +40.17%
- XCH: +19.52%
- ENA: +10.98%
- CORE: +10.12%
- ALGO: +8.62%
- ADA: +7.67%
- PEOPLE: +7.44%
- CARDS: +6.34%
- CELR: +5.90%
- STRK: +5.77%
24-hour crypto-equity gainers list (data source: msx.com):
- AXTI.M: 25.27%
- CONI.M: 21.70%
- FFAI.M: 17.76%
- AMZN.M: 14.79%
- QNTM.M: 14.79%
- SEGG.M: 11.88%
- AIFC.M: 10.49%
- MSTZ.M: 8.95%
- SKDD.M: 8.75%
- COHX.M: 8.63%
2. Popular On-Chain Meme Coins (data source: GMGN):
- ANSEM
- CATE
Headlines
Sued but Potentially Earning Millions: Binance Clarifies TST New Token Deployment Incident
BNB Chain stated on X that a wallet address was previously created by a former employee and used in a video tutorial to generate tokens. That individual is no longer employed by the company due to the incident. After leaving, they retained unauthorized access to the associated mnemonic phrase and used it to generate new private keys. BNB Chain has learned that the same address is now being independently used for a new Meme token. BNB Chain did not create, authorize, promote, or participate in the creation of this token, nor can it control the token or wallet address, both of which are unrelated to BNB Chain and not endorsed by it. BNB Chain is taking legal action against the former employee and is cooperating with relevant authorities on the matter.
According to community estimates, the dev profited over $1 million through bundled token issuance.
Sources: OpenAI May Delay IPO Until Next Year
According to sources familiar with the matter, OpenAI may postpone its IPO plans until next year. Previously, OpenAI had hoped to complete its IPO ahead of Anthropic. A week after Anthropic filed for its listing application, OpenAI also submitted its IPO filing documents, but has not yet set a specific timeline and stated that "it's too early for an IPO," citing the fact that certain strategic goals are easier to advance as a private company.
Additionally, multiple sources said that in recent months, some of OpenAI's major investors have privately expressed concerns that the company is burning through cash too quickly and that revenue growth is struggling to keep pace with spending. Other investors have chosen to diversify risk by also investing in Anthropic.
Iranian Military: Trump's Claim That Iran Asked to Stop Attacks Is a "Lie"
Iran's Mehr News Agency reported on the 2nd, citing Iranian military officials, that U.S. President Trump's claim that Iran asked to stop attacks is "a new lie." The official said: "Whether he continues his aggression or retreats, our forces are on the highest state of alert and prepared for all possibilities. If confrontation becomes inevitable, the battlefield will decide everything, and then everyone will understand who holds the power and who will have the final say."
Industry News
South Korea's financial regulators are advancing amendments to the Capital Markets Act, planning to grant regulators "emergency intervention powers" to directly implement market stabilization measures during periods of extreme stock market volatility. The Financial Services Commission (FSC) has initiated related legal amendment work with the Financial Supervisory Service (FSS), focusing on single-stock leveraged ETF products that are believed to have amplified volatility during the recent market crash, with plans to introduce regulatory measures including adjusting leverage multiples and setting investment limits.
According to statistics from Hong Kong law enforcement, a total of 25 investment fraud cases involving online romance were received between July 24 and 30, with total losses nearing HK$70 million. In one major online romance investment fraud case, an insurance professional in her 50s was lured by someone posing as a "car dealer" met through online dating to invest in cryptocurrency. It wasn't until last month that the victim discovered the investment platform showed account returns exceeding 800%, but when she applied for withdrawal, it was denied. Subsequently, both the online romance interest and the so-called investment expert disappeared simultaneously. The victim ultimately confirmed she had been defrauded of over HK$26 million in total.
Minnesota Cryptocurrency ATM Ban Takes Effect August 1
A new Minnesota state law banning cryptocurrency ATMs will officially take effect on August 1. Under the regulations, cryptocurrency ATMs in the state must cease operations by August 1 and be physically removed from stores and other locations by the end of the year. When the bill was passed, Minnesota had approximately 350 licensed cryptocurrency ATMs operated by 8 companies.
The Minnesota Department of Commerce stated that between 2023 and 2025, regulators investigated 134 complaints involving cryptocurrency ATMs, with residents losing nearly $1 million. Law enforcement noted that funds from such transactions typically flow overseas, making them difficult to trace.
From August 15, Russian Government Bans Crypto Mining in Moscow and Other Regions Until End of 2032
The Russian government will ban cryptocurrency mining in Moscow, the Moscow region, and 8 districts of Kursk Oblast starting August 15, with the ban lasting until December 31, 2032. The restrictions cover 8 municipal districts in Kursk Oblast as well as the city of Lgov, and apply to local residents participating in activities such as mining pools. The relevant decree was signed by Russian Prime Minister Mikhail Mishustin and has been published.
Trump Considering Bipartisan Ethics Proposal, Clarity Act Supporters Await White House Decision
A Fox Business crypto reporter stated on X that the White House is considering a bipartisan ethics counter-proposal involving state attorneys general, making this weekend a critical waiting period for supporters of the Clarity Act.
Project News
trade.xyz officially announced on X that compensation allocations for the July 27 SKHYNIX pricing event have been distributed. Each qualifying liquidation was measured against a reference price of $1,115.5. If the calculated amount was below 10,000 USDC, the wallet has received the full amount and no action is required; if the amount exceeded 10,000 USDC, an initial payment of 9,999 USDC has been received. We need to conduct enhanced due diligence for amounts exceeding 10,000 USDC. Please contact the official team via the support channel at app[.]trade[.]xyz/support and complete this process before August 15.
ENS DAO Proposes Full-Time Operations Foundation with 1 Million ENS Allocated for Staff Salaries
ENS DAO has published a new proposal on X to establish a full-time operations foundation with a five-member board responsible for managing the endowment.
According to the proposal, ENS DAO plans to allocate 1 million ENS tokens for foundation staff salaries. Token holders will retain control over the protocol, including the ENS held by the DAO, operational wallets, and the power to appoint and remove foundation directors.
Investments and Fundraising
Amazon Completes Full $50 Billion Investment in OpenAI
Amazon has disclosed in its 10-Q quarterly report that it has completed its full $50 billion investment in OpenAI. The report shows that in Q1 of this year, Amazon invested $15 billion in OpenAI Series C preferred stock and committed an additional $35 billion. In Q2, Amazon deployed $13.7 billion of the committed amount to purchase OpenAI Series C preferred shares; after the reporting period, the company completed the remaining $21.3 billion investment.
People & Voices
Binance co-founder CZ shared on X a post from user Rager about a hardware wallet failure experience. CZ stated that protecting wallet backup seed phrases is an extremely challenging task. The seed phrase must not be seen by others, or it could be copied or exploited; it must also survive accidents like fire or flooding, while preventing hackers from gaining access. Most importantly, users themselves must not lose the seed phrase.
On-chain analytics firm Glassnode stated that Bitcoin's three-month futures basis has been yielding below the two-year U.S. Treasury yield since February of this year, and this has now persisted for several months.
Glassnode noted that historically, only one similar period lasted close to this duration — from August 2022 to January 2023 — and that phase ultimately corresponded to the low point of the previous market cycle.
Tom Lee: Korean Stock Market May Be in the Final Stages of Bottoming
Tom Lee stated on X that given the "panic" among policymakers, the Korean stock market may be in the final stages of forming a bottom. Tom Lee also cited Appaloosa fund manager David Tepper: "When policymakers start panicking, the market stops panicking."
Crypto market maker Wintermute stated that the next altcoin season may only have a few winners, with market capital increasingly concentrating into top-tier tokens. Wintermute data shows that in H1 2026, institutional clients accounted for 72% of its OTC spot flow — an all-time high. Institutional capital typically reduces activity about one day after significant price rallies, while retail capital averages about three days, indicating that institutional capital tends to concentrate in fewer tokens and exit trades more quickly.
From a broader market perspective, CryptoQuant data shows that altcoin trading volume denominated in Bitcoin is approaching its lowest level since 2021. Currently, the top ten non-stablecoin altcoins account for approximately 80.5% of the market capitalization of non-Bitcoin, non-stablecoin crypto assets.
