Binance Charity has pledged up to $1.2 million in BNB to assist flood-affected users in southern Taiwan, offering direct financial relief via a series of airdrops.
By Parth Dubey
Editor Hamza Tariq
Updated
3 mins read
Binance Charity has announced it will airdrop up to $1.2 million worth of BNB BNB $776.0 24h volatility: 1.7% Market cap: $107.85 B Vol. 24h: $754.32 M , the native ecosystem token, approximately NT$35 million, to users in southern Taiwan affected by recent torrential rains and severe flooding.
The crypto aid initiative aims to provide rapid financial relief to individuals in the hardest-hit areas.
In its official statement, Binance confirmed that the assistance will be extended to users residing in six severely affected regions: Changhua County and City, Yunlin County, Chiayi County and City, Tainan City, and Kaohsiung City.
Eligibility will be determined based on users’ proof-of-address (POA) details provided on the Binance platform.
To ensure targeted aid, Binance has structured the airdrop into two phases. Existing users who had completed POA verification before August 7, 2025, will receive $80 in BNB directly credited to their Binance accounts.
台灣嚴重豪雨災難…. 號召❗️ 請台灣中南部KOL 擴散 讓此次嚴重受豪雨災害用戶 能直接領取 80 美金等值 $BNB 代幣券 （總共 NTD 三千五百萬元空投 ）
用戶如何確認身份認定？
>> 以你已在幣安所提供ㄉ地址證明（POA）（不用重複驗證ㄌ ）能領ㄉ空投地區？
>>… pic.twitter.com/PJZiA26yxz— Chou 周周周畇葳ㄓㄡㄓㄡ （來財版） (@chochou33) August 7, 2025
For users who verify their address between August 7 and August 20, 2025, a separate pool of support will be available. The first 15,000 eligible users during this period will receive $30 in BNB.
The airdrop is scheduled to begin distribution on August 14, 2025, ensuring timely support during the ongoing recovery efforts.
Binance CEO Richard Teng expressed his concern for the affected communities and emphasized the importance of solidarity in difficult times.
“We hope this donation will provide timely and meaningful assistance. Most importantly, we sincerely wish everyone impacted a safe and swift recovery and a smooth return to normal life.”
Teng also highlighted Binance’s ongoing commitment to humanitarian response, noting that Binance Charity has previously provided aid in the aftermath of natural disasters in Taiwan, Thailand, Myanmar, Argentina, Turkey, and several European countries.
These are some of my personal charity efforts since Oct 2024, after my 4-month jail time in the US.https://t.co/yXvBbrvnOg
Over 69,360 lives impacted in Sudan, Kenya, Thailand, and Myanmar.
ps. I made a few other donations too. Will share more details in due time.
— CZ 🔶 BNB (@cz_binance) July 14, 2025
The announcement comes as Binance released its 33rd Proof of Reserves report, offering insight into broader market trends.
Binance has released its 33rd Proof of Reserves report (snapshot date: August 1), showing user BTC holdings at 591K BTC, up 2.99% from the previous snapshot (July 1) with an increase of 17.1K BTC; user ETH holdings at 4.555 million ETH, down 9.84% with a decrease of 496K ETH; and… pic.twitter.com/k1V2uMkLa1
— Wu Blockchain (@WuBlockchain) August 7, 2025
As of August 1, 2025, user Bitcoin BTC $116 345 24h volatility: 2.0% Market cap: $2.32 T Vol. 24h: $29.36 B holdings stood at 591,000 BTC, an increase of 2.99 percent from the previous month. In contrast, Ethereum ETH $3 813 24h volatility: 5.3% Market cap: $460.11 B Vol. 24h: $23.20 B holdings fell sharply by nearly 10 percent to 4.555 million ETH. Tether holdings rose modestly to 29.85 billion USDT.
These shifts indicate a reallocation by users, with a preference for Bitcoin and stablecoins as the best crypto to buy amid uncertain market conditions. The decrease in Ethereum holdings may point to cautious behavior and a delayed altcoin season.
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A crypto journalist with over 5 years of experience in the industry, Parth has worked with major media outlets in the crypto and finance world, gathering experience and expertise in the space after surviving bear and bull markets over the years. Parth is also an author of 4 self-published books.