Wu Says Daily Selected Crypto News + Wu Says Weekly Highlights: Top 10 News and Popular Articles

1. Binance Releases Listing Requirements

Binance has released its listing requirements: Binance Alpha Select focuses on the fundamentals and performance indicators of projects, tokenomics, technical risks, team background, and compliance review; during the contract and spot listing review, the main focus will be on secondary market performance. Delisting criteria include team governance issues, such as major disruptive changes in the team or ownership structure; poor market performance and trading activity; product and/or network security issues, among others.

2. Swiss National Bank Rejects Inclusion of Bitcoin in National Reserves Due to Liquidity and Volatility Risks

Martin Schlegel, Governor of the Swiss National Bank (SNB), stated at the annual meeting in April 2025 that Bitcoin will not be included in the national reserves due to concerns over liquidity and volatility risks. He pointed out that cryptocurrencies face market liquidity issues during crises and experience significant price volatility, which does not meet the high standards required for central bank reserves. As of the end of 2024, SNB is indirectly exposed to Bitcoin assets through holdings in stocks of companies such as Tesla, MARA Holdings, and CleanSpark.

3. Six Entities Including BlackRock Account for 88% of Tokenized Treasury Issuance

The largest issuer of tokenized wealth remains BlackRock. Its tokenized U.S. Treasury fund BUIDL has a market value of 2.50 billion USD, which is 360% higher than its nearest competitor. The top six funds also include Franklin Templeton's BENJI with a market value of 707 million USD; Superstate's USTB at 661 million USD; Ondo's USDY at 586 million USD; Circle's USYC at 487 million USD; and Ondo's OUSG fund at 424 million USD.

4. Hong Kong Police Received Nearly 100 Investment Scam Reports Last Week, Total Losses Exceed 90 Million HKD

Among these cases, an 84-year-old male businessman was lured into investing in virtual currency through WeChat by someone claiming to be a data company CEO, transferring nearly 10 million HKD in 14 installments; another case involved a 43-year-old female clerk who met an "investment expert" on Telegram and invested in Hong Kong stock index futures on a fake platform, transferring over 2.80 million HKD in 17 installments within two weeks, resulting in the loss of all savings and an additional debt of 1 million HKD. The Hong Kong police warn the public to be cautious of "low-risk, high-return" investment scams on social media platforms.

5. Circle Denies Applying for Banking License, Calls for Stablecoin Legislation

Circle Chief Strategy Officer Dante Disparte denied reports that the company is seeking a U.S. federal banking license, clearly stating that Circle has no intention of becoming a bank or a deposit insurance institution. Disparte noted that the company plans to comply with the forthcoming U.S. regulatory framework for payment stablecoins and may apply for federal or state trust licenses or other non-bank licenses. He called on Congress to promptly pass bipartisan stablecoin legislation to support U.S. innovation, financial stability, and consumer protection.

6. Wu Shuo Weekly Picks: U.S. Commerce Secretary's Son Partners with Tether and SoftBank to Launch New MicroStrategy; New SEC Chair Takes Office; Trump Initiates Trump Coin Dinner and Top 10 News

This week's Top 10 news include: new SEC Chair Paul Atkins pledges rational regulation for digital assets; Ondo Finance discusses securities tokenization with the SEC; the $TRUMP project invites the top 220 token holders to a dinner with Donald Trump; Cantor Fitzgerald, together with SoftBank and Tether, advances a 3 billion USD Bitcoin investment plan; Coinbase executives report sovereign wealth funds making large Bitcoin purchases; Fidelity reports exchange Bitcoin supply dropping to the lowest since 2018; Strategy purchases 6,556 Bitcoins; Spain's Hespérides University launches the first all-Spanish Bitcoin master's program; Bybit CEO reveals progress on tracking stolen funds; and the Ethereum Foundation announces its 10th anniversary celebration.

Key financing events include Symbiotic completing a 29 million USD Series A round; Arch Labs completing a 13 million USD Series A round; Tally completing an 8 million USD Series A round; Analog completing a 15 million USD funding round; Inflow completing a 1.10 million USD seed round; BitradeX completing a 12 million GBP Series A round; Theo completing a 20 million USD funding round; Inco completing a 5 million USD strategic funding; Catalysis completing a 1.25 million USD pre-seed round; and MagicBlock completing a 7.50 million USD seed round. More financing information can be found at crypto-fundraising.info.