Recent Developments


1. New Loan & Collateral Assets on Binance VIP Loan


On August 15, 2025, Binance expanded its VIP Loan offerings by adding TOWNS, PROVE as new loanable assets, and RWUSD as a new collateral asset. RWUSD is a principal-protected yield product offering daily APR, supported by Binance’s ecosystem income and potentially underpinned by real-world assets like U.S. Treasuries. Users can subscribe to RWUSD and enable it as collateral instantly without affecting their loan-to-value (LTV) ratio.


2. Upcoming USELESSUSDT Perpetual Contract


Also on August 15, Binance Futures announced the launch of a USELESSUSDT perpetual contract—offering up to 50× leverage. Trading began at 12:15 UTC, featuring settlement in USDT, capped funding rates, and support for multi-assets mode. USELESS (a meme token on Solana) is already listed on Binance Alpha Market.


3. Reservoir (DAM) Listing and Airdrop


Set for August 18, 2025, Binance will list Reservoir (DAM) on both Binance Alpha and Binance Futures. Spot trading starts at 11:00 UTC, followed by the DAMUSDT perpetual contract with up to 50× leverage at 12:30 UTC. Users can participate in a limited-time token airdrop by using Binance Alpha Points during the 24-hour claim window.


4. Support for NEAR Protocol Network Upgrade


With a planned hard fork on August 18, Binance will suspend deposits and withdrawals of Near Protocol (NEAR) tokens starting at 00:00 UTC, ensuring technical support for the upgrade. Trading remains unaffected, and normal deposit/withdrawal services will resume once the network stabilizes.


5. Flexible Rate Loan Promotion


Starting August 15, Binance introduced a promotion for its Flexible Rate Loans—letting users place new USDT or USDC loan orders to share over 150,000 USDC in rewards. Top users are ranked by their net daily average loan amount compared to past activity, and eligible participants can receive up to 300 USDC. Promotion runs until September 14, 2025.


6. Market Snapshot Update from Binance



  • As of August 15, the global crypto market cap is around $4.14 trillion, up approximately 1.48% in the past day.


  • Bitcoin is trading in the $117K–$121K range, currently at $118,733—down about 2.5%.


Previous day (August 14):



  • Global market cap saw a 0.92% increase, with Bitcoin ranging $119.9K–$124.5K, trading at $121,800 (up ~1.6%). Binance Coin (BNB) market cap surpassed $120B.



Summary Table



































DateUpdateAug 15VIP Loan assets added (TOWNS, PROVE; RWUSD collateral)Aug 15USELESSUSDT perpetual contract launched (50× leverage)Aug 15Flexible Rate Loan promotion beginsAug 18NEAR deposit suspension for network upgradeAug 18Reservoir (DAM) listing & airdrop on Binance platformsAug 15Crypto market up; BTC ~$118K (–2.5%)



Final Thoughts



  • Active product launches: Binance is rapidly rolling out new trading products like meme tokens and stablecoin protocols, often paired with incentives (e.g., airdrops).


  • Loan and margin offerings: Expanding collateral options and promotional rewards indicate a push for deeper user engagement.


  • Network maintenance: Planned interruptions like the NEAR upgrade show Binance’s operational readiness for technical evolutions.


  • Market trends: The crypto market remains buoyant overall, though Bitcoin shows short-term pullbacks.


Would you like a deeper dive into one of these announcements—perhaps the mechanics of RWUSD, details of the airdrop events, or specific trading strategies tied to these launches?