Binance Charity to Airdrop $1.2 Million in BNB to Southern Taiwan Flood Victims
Binance Charity will airdrop up to $1.2 million in BNB to users in southern Taiwan affected by recent flooding. Key points include:
- The initiative aims for rapid financial relief to severely impacted areas.
- Assistance covers Changhua County and City, Yunlin County, Chiayi County and City, Tainan City, and Kaohsiung City.
- Eligibility requires users to provide proof-of-address (POA) on the Binance platform.
- The airdrop is structured in two phases:
- Existing users with POA completed before August 7, 2025, receive $80 in BNB.
- Users verifying their address from August 7 to August 20, 2025, can access a separate pool of support, with the first 15,000 eligible users receiving $30 in BNB.
- The distribution starts on August 14, 2025.
CEO Richard Teng expressed concern for affected communities, emphasizing solidarity and the importance of timely assistance. He noted Binance's commitment to humanitarian efforts in various countries during natural disasters.
Additionally, Binance released its 33rd Proof of Reserves report as of August 1, 2025, showing:
- User Bitcoin holdings at 591,000 BTC, up 2.99% from the previous month.
- User Ethereum holdings decreased to 4.555 million ETH, down 9.84%.
- Tether holdings rose to 29.85 billion USDT.
This data indicates a shift towards Bitcoin and stablecoins amid uncertain market conditions, while the decrease in Ethereum suggests cautious behavior among users.