Binance Announces SKATE Token Airdrop for Eligible Alpha Users; Nasdaq Seeks SEC Approval to Expand Crypto Index

Key Highlights

Binance Alpha SKATE Airdrop: Users with ≥236 Alpha points can claim 800 SKATE tokens upon trading launch.
3 Billion Euro Bitcoin Fund: The Blockchain Group partners with TOBAM for strategic BTC reserves expansion.
USDG Launch on OKX: Global Dollar (USDG) trading starts June 11, 2025, with detailed schedule.
Binance’s 31st Proof-of-Reserves: Shows 102.13% BTC coverage amid slight asset fluctuations.
Nasdaq’s Crypto Index Proposal: XRP, SOL, ADA, and XLM may join Hashdex ETF tracking.

Detailed Breakdown

1. Binance Alpha SKATE Token Airdrop

Binance becomes the first platform to list Skate (SKATE) with the following timeline:

Spot Trading: June 9, 2025 (10:00 UTC)
Futures Trading: June 9, 2025 (10:30 UTC)

Eligibility:

Hold ≥236 Binance Alpha points.
Claim via Alpha portal (15-point fee deducted).
Confirmation must occur within 24 hours.

👉 Learn more about Binance Alpha rewards

2. Strategic Bitcoin Reserves Expansion

The Blockchain Group and TOBAM’s €3B "at-the-market" agreement aims to:

Incrementally boost BTC holdings per share.
Cap daily issuance at 21% of trading volume.

Key Investor: TOBAM retains stakeholder rights.

3. USDG (Global Dollar) on OKX

Schedule:

Auction: June 11, 2025 (20:00–21:00 UTC+8).
Trading: June 11, 2025 (21:00 UTC+8).
Withdrawals: June 11, 2025 (23:00 UTC+8).

4. Binance Proof-of-Reserves (June 1 Snapshot)

| Asset | User Balance | Monthly Change | Coverage Ratio |
|---------|--------------|----------------|----------------|
| BTC | 593K | -1.82% | 102.13% |
| ETH | 5.337M | +1.05% | 100% |
| USDT | 28.83B | -0.77% | 101.52% |

5. Nasdaq’s Crypto Index Expansion Proposal

Pending SEC approval by November 2, 2025, Nasdaq’s NCIQ ETF may include:

New Assets: XRP, SOL, ADA, XLM.
Current Holdings: BTC, ETH, etc. (9-token index).

Impact: Reduces tracking error for diversified crypto ETFs.

Expert Insights

Citic Securities Report

Short-Term: Crypto’s speculative nature persists.
Long-Term: Benefits from de-dollarization akin to gold.
Regulatory Watch: Trump-era policies may ease restrictions.

FAQs

Q: How do I claim the SKATE airdrop?
A: Navigate to Binance Alpha portal, confirm eligibility, and submit within 24 hours.

Q: What’s the goal of TOBAM’s Bitcoin fund?
A: To methodically increase BTC reserves per share via market-aligned issuance.

Q: When can I trade USDG on OKX?
A: Spot trading begins June 11, 2025 (21:00 UTC+8).

👉 Explore crypto index trends