Compiled by: Jerry, ChainCatcher
Important information:
The Binance wallet will launch the Reveel (REVA) Pre-TGE and Booster activities.
Bullish raised $1.1 billion in its IPO.
The on-chain US stock trading platform MyStonks has been accused by users of refusing withdrawals and allegedly transferring funds.
OKB destruction and upgrade specific timetable: one-time destruction on August 15, upgrade smart contract on August 18.
X Layer completed the PP upgrade and launched the OKB Gas Token economic model optimization.
Binance Alpha will launch TCOM Global (TCOM) on August 15.
Binance Alpha will launch PublicAI (PUBLIC) on August 15.
China Merchants International's 'Hong Kong-New mutual recognition fund' has completed tokenization, becoming the world's first public fund based on Solana.
What important events have happened in the past 24 hours?
The Binance wallet will launch the Reveel (REVA) Pre-TGE and Booster activities.
According to the official announcement, the Binance wallet will launch the Reveel (REVA) Pre-TGE and Booster activities at 19:00 on August 14, 2025.
Pre-TGE activity: Eligible users can subscribe before the REVA token is officially tradable.
Booster activity: by completing phased tasks and providing support in the early stages of the project, share an additional 40,000,000 REVA airdrop rewards.
During the Pre-TGE event, users can subscribe to Reveel's REVA token within the Binance wallet. This subscription uses an oversubscription model, with each user able to deposit up to 3 BNB, and token distribution will be calculated based on the proportion of BNB deposited by all participants. After the subscription ends, users can claim the allocated REVA tokens on the 'Assets' page, and any unused BNB will be automatically refunded.
Bullish raised $1.1 billion in its IPO.
According to Bloomberg, digital asset trading platform Bullish raised $1.1 billion through its initial public offering, with an issue price of $37 per share, higher than the previous range of $32 to $33. The IPO was oversubscribed more than 20 times, with a market capitalization of $5.4 billion.
BlackRock and ARK Investment Management intend to collectively subscribe for $200 million in shares. Bullish is led by former NYSE president Tom Farley as CEO, primarily serving institutional clients, with the largest shareholder being Block.one CEO Brendan Blumer (holding 30.1%). The company will be listed on the NYSE under the ticker BLSH.
The on-chain US stock trading platform MyStonks has been accused by users of refusing withdrawals and allegedly transferring funds.
X user @thcaroline2233 posted allegations that approximately $6.2 million in funds in their MyStonks account on the on-chain US stock trading platform cannot be withdrawn. The user stated that they had successively deposited over $7 million into the platform through Binance and successfully withdrew three amounts totaling approximately $1.18 million on July 22, August 11, and August 12. However, when subsequently applying to withdraw $3.6 million, $2.6 million, and $230,000, the platform required additional materials on the grounds of 'triggering risk control.'
The user claimed that after submitting materials, they received no substantial response, and when mentioning the withdrawal issue in the official Telegram group, they were muted, with no progress in communications with platform customer service and emails. They also stated that friends had informed them that the relevant funds may have already been dispersed.
Currently, the user has publicly disclosed their deposit and withdrawal addresses and some trading records, calling on other investors to be wary of the potential risks of the platform. MyStonks has not publicly responded to this.
OKB destruction and upgrade specific timetable: one-time destruction on August 15, upgrade smart contract on August 18.
According to an official announcement from OKX, the specific timetable for the completion of the PP upgrade of X Layer and the launch of the OKB Gas Token economic model optimization (Beijing time) is as follows:
August 13, 2:10 PM: OKT will stop trading on the OKX trading platform, while OKTChain will continue to produce blocks normally and handle on-chain transactions.
August 13, 3:00 PM: The OKX trading platform will stop allowing OKB to be withdrawn to ETH L1.
August 15, 10:00 AM: The platform will automatically convert the OKT in user accounts into OKB according to the rules.
August 15, 2:00 PM: One-time destruction of OKB and invoke the smart contract for on-chain destruction.
August 18, 2:00 PM: Upgrade the OKB Smart Contract, removing the functions of issuance and destruction.
X Layer completed the PP upgrade and launched the OKB Gas Token economic model optimization.
According to official news, OKX has decided to perform a strategic upgrade on X Layer, aiming to build it into a leading public chain focused on DeFi, payments, and RWA scenarios. X Layer is built on Polygon CDK and completed the 'PP upgrade' on August 5, 2025, with network throughput increased to 5000 TPS, gas costs reduced to near zero, and security and Ethereum mainnet compatibility significantly enhanced. The upgrade will also promote ecological construction, focusing on DeFi, global payments, and RWA issuance and circulation, accelerating application implementation through ecological funds, liquidity incentives, and infrastructure improvements. OKX Wallet, OKX Exchange, and OKX Pay have fully integrated X Layer, providing 0 gas rapid withdrawals and an efficient on-chain payment experience.
This upgrade is accompanied by the optimization of the OKB Gas Token economic model, with OKB continuing as the only gas and native token of X Layer. OKX will destroy a total of 65,256,712.097 OKB, which was historically repurchased and reserved, in one go. After that, the OKB smart contract will be upgraded to remove the functions of issuance and manual destruction, fixing the total issuance at 21 million. Users holding Ethereum L1 version OKB need to recharge their assets to OKX and complete the chain swap by 'withdrawing to X Layer.' Meanwhile, OKTChain will be phased out, stopping trading on OKX from August 13, 2025, at 14:10 (UTC+8), and periodically exchanging OKT for an equivalent amount of OKB at the average closing price from July 13 to August 12, 2025. On-chain OKT exchanges will be supported until January 1, 2026.
Binance Alpha will launch TCOM Global (TCOM) on August 15.
According to the official announcement, Binance Alpha will launch TCOM Global (TCOM) on August 15.
Eligible users can go to the Alpha activity page after Alpha trading opens to use Binance Alpha points to claim airdrops. Specific details will be announced separately.
Binance Alpha will launch PublicAI (PUBLIC) on August 15.
According to the official announcement, Binance Alpha will launch PublicAI (PUBLIC) on August 15. Eligible users can go to the Alpha activity page after Alpha trading opens to use Binance Alpha points to claim airdrops. Specific details will be announced separately.
China Merchants International's 'Hong Kong-New mutual recognition fund' has completed tokenization, becoming the world's first public fund based on Solana.
China Merchants International collaborates with DigiFT and OnChain to tokenize its Hong Kong-New mutual recognition fund on the Solana chain, with the token code CMBMINT. Moreover, this is the world's first public fund based on Solana.
What are the great articles worth reading in the past 24 hours?
Stripe collaborates with Paradigm to create the L1 public chain Tempo: project analysis and strategic intentions.
Stripe and Paradigm focus on enterprise-level payments, deeply laying out Web3 infrastructure. A look at the deep signals it may convey.
The crypto AI track returns to pragmatism, summarizing five key infrastructure projects.
The crypto AI track is shifting towards pragmatism after early hype.
EOS Legacy: Can the crypto exchange Bullish replicate Coinbase's path to listing?
Bullish will be listed on the New York Stock Exchange today; it currently holds 24,000 Bitcoins, 12,600 ETH; $418 million in cash and stablecoins.
Bullish IPO, why is its valuation less than 10% of Coinbase?
With a strong background and aura, investor demand for Bullish's IPO is 'especially strong,' leading Bullish to raise its fundraising scale from $629 million to $990 million on the eve of the IPO.
A hundred flowers bloom, a quick overview of recent hot project developments in the Bitcoin ecosystem.
The heat around RGB remains, SAT20 mainnet launch, Spark Launchpad initiated, Fiamma mainnet launch... The Bitcoin ecosystem is quietly buzzing.
The new battlefield for stablecoins: The Layer 1 battle between Stripe and Circle.
This is not a competition of speed and functionality, but a re-selection between 'open protocols' and 'brand tracks.'
Pantera: After sweeping up 1 million ETH, how should we value BitMine?
Since the end of June, the price of BMNR has risen by more than 1300%; meanwhile, ETH is approaching a new high.
Vietnam's cryptocurrency legislation has fundamentally transformed: officially recognized as legal property under civil law.
For a long time, Vietnam's legal status of cryptocurrency has been ambiguous, and tax policies have fallen into a 'gray area,' leaving market participants shrouded in uncertainty.
Vitalik's latest interview: Ethereum's world ledger path and development vision in the AI era.
"The greatest value of Ethereum lies in its openness."
Fundamental Global aims to acquire 10% of the total ETH, is it 'playing satellites' or a powerhouse?
Regardless of whether FG Nexus's goals can be achieved, ETH will be a beneficiary.
Stripe's path to stablecoin control: a perfect loop from Bridge to Privy to Tempo.
How Stripe locks in stablecoins across the stack with Bridge, Privy, and self-developed blockchain Tempo.
75 million attacks on 5 billion giants, what do they really want?
The most dangerous month in Monero's history, targeted at the $5 billion 'fat meat.'
Meme Hot List
According to meme token tracking and analysis platform GMGN market data, as of August 13, 19:50:
In the past 24 hours, the top five hot tokens on Ethereum were: LINK, SPK, LIZARD, MHRD, Tokabu.
In the past 24 hours, the top five hot tokens on Solana were: FIRE, ORANGE, SPILL, FUN, BCWH.
In the past 24 hours, the top five hot tokens on Base were: ZORA, SLAP, NAKA, BONZI, RUFF.
