Arrangement: Fairy, ChainCatcher
Key news:
The US SEC returns the S-1 form to the Ethereum spot ETF issuer for revision and requires resubmission on July 8
The Blast Foundation will launch the second phase of the reward program on July 8, distributing 10 billion BLAST
Bloomberg analyst: Ethereum spot ETF may be listed for trading later next week or the week of July 15
U.S. CFTC Chairman to be sole witness at Senate hearing on digital commodity regulation next week
The U.S. House of Representatives may vote to override Biden's SAB 121 veto next week
Multicoin Capital Pledges Up to $1 Million in Donations to Pro-Crypto Senate Candidates by July 14
Zircuit: Mainnet is coming soon, Season 2 will start on July 8
July 8 (Monday)
The US SEC returns the S-1 form to the Ethereum spot ETF issuer for revision and requires resubmission on July 8
According to The Block, citing people familiar with the matter, the U.S. Securities and Exchange Commission has returned the S-1 form to potential Ethereum spot ETF issuers with only a few comments. The issuer has been asked to address these comments and resubmit by July 8. This means that at least one more round of filings is required before the ETF can finally start trading.
EOS Network Foundation: EOS staking program will be launched on July 8
The EOS Network Foundation announced that it will launch the EOS staking plan on July 8 and is preparing to launch staking rewards. The staking reward pool holds about 250 million EOS tokens. Users can put EOS into the staking pool to start receiving rewards. There will be a 21-day waiting period to start the unstaking process.
The Blast Foundation will launch the second phase of the reward program on July 8, distributing 10 billion BLAST
Blast released the user guide for the second phase of the rewards program, and the Blast Foundation will launch the second phase on July 8. Similar to the first phase, the second phase is also divided into two parts: Blast Points and Blast Gold, and 10 billion BLAST has been allocated for the second phase rewards.
The main purpose of Phase 2 is to support the development of mobile Dapps and incentivize users to use these Dapps through the Blast application.
KuCoin will charge 7.5% VAT on “all transaction types” for Nigerian users starting July 8
According to Decrypt, starting from July 8, 2024, KuCoin will begin charging users who register KYC information in Nigeria a 7.5% VAT on each transaction fee for regulatory reasons.
Bithumb Enterbutton (ENTC) trading end date
Bithumb announced that it will terminate support for Enterbutton (ENTC) transactions.
It stated that after comprehensively considering the reasons for the investment considerations, project development and business progress, it was found that the project failed to be implemented as planned, the foundation's business and development continued to be delayed, and it was difficult to judge the sustainability of the business based solely on the explanatory materials provided by the foundation. It did not meet the transaction support maintenance standards, so it decided to terminate the transaction support.
schedule:
Trading (buy/sell) end date: Expected Monday, July 8, 2024 at 15:00 (local time)
Withdrawal support end date: Expected Monday, August 5, 2024 at 15:00 (local time)
Kinto launches mining plan, will be available for collection on July 8
Layer 2 network Kinto announced its mining program on X, which will allocate up to 33% of the token supply over 10 years. The rewards will gradually decrease over time, calculated off-chain, and distributed on-chain weekly, and will be available on July 8.
The mining program will reward asset deployers and developers. The longer and more capital is deployed, the more Kinto tokens will be obtained.
In addition, Engen founding participants who hold ENGEN tokens can receive a 15-20% reward; additional rewards can be obtained by using specific protocols, such as Mountain Protocol's wUSDM, which can receive an additional 5% reward bonus.
Parallel Lending Marketplace will delist HV-MTL NFT, users must withdraw assets before July 8
The full-chain L2 network Parallel Network published a statement on X stating that its lending market (Parallel Lending Protocol) will delist HV-MTL NFT.
Starting July 1, the supply operation of HV-MTL NFT assets will be disabled. Users need to withdraw HV-MTL NFT assets within a week (from July 1 to July 8), otherwise the HV-MTL NFT may be lost.
Zircuit: Mainnet is coming soon, Season 2 will start on July 8
The zkRollup network Zircuit officially announced on the social platform that the mainnet will be launched soon.
A snapshot of Zircuit Points earned from Season 1 (staking and previous activities) will be taken on July 7. Season 2 will begin on July 8.
Tuesday, July 9
Galxe: Portal for GAL migration to G token will open on July 9
Galxe posted on social media that the Galxe (GAL) token will be migrated to Gravity (G) to unify and optimize the experience across the two ecosystems.
G is the native token of Gravity, powering both the Gravity and Galxe ecosystems. G acts as the gas token for transactions on Gravity, will be used to secure the network through staking, and serves as a utility token in the Galxe product suite. As the primary utility token across both ecosystems, G drives governance decisions, incentivizes growth, and facilitates payments.
The migration portal will be available to all users on July 9, 2024, and will remain online for at least one year to ensure GAL holders have adequate time to complete the process.
OKX will delist RNDR currency pair leverage and perpetual contracts
According to the official announcement, OKX will delist RNDR perpetual contracts from 4:00 to 5:00 pm (UTC+8) on July 9, 2024, and will delist RNDR leveraged trading from 4:00 to 5:00 pm (UTC+8) on July 8, 2024.
OpenAI stops supporting national APIs, starting July 9
According to Jinshi.com, some developers received a letter from OpenAI early this morning, "According to the data, your organization has API traffic from regions that OpenAI does not currently support. From July 9, additional measures will be taken to stop the use of APIs from countries and regions that are not on the list of countries and regions supported by OpenAI."
Wednesday, July 10
OKLink data: DASH production reduction countdown completion time
According to OKLink data, DASH is expected to complete the production cut on July 10. The block reward after the production cut will be 1.9065, and the current block reward is 2.053.
The final version of EOS Spring 1.0 is scheduled to be released on July 10
According to the official announcement, the final version of EOS's Spring 1.0 is scheduled to be released on July 10, marking the start of the upgrade process. The recommended upgrade period for all EOS nodes is from July 11 to 30 to ensure seamless transition and network synchronization. The hard fork itself is scheduled for July 31, so this is a critical date for completing all upgrades.
Hunan Hanshou Public Security reminds STFIL Protocol's pledge and lending users to cooperate in reporting the situation before July 10
The Public Security Bureau of Hanshou County, Hunan Province, issued an announcement on the official website of the Filecoin Ecological LSD Protocol STFIL Protocol, stating that “In order to ascertain the facts of the crime, STFIL pledgers and borrowers are requested to report the situation to our bureau and provide relevant evidence materials. The relevant matters are hereby announced as follows: Please bring your valid ID card, relevant records of pledge or loan on the website, and relevant materials for purchasing FIL virtual currency; if you fail to report the situation to our bureau within the time limit, the virtual currency will be disposed of in accordance with relevant laws and regulations; the announcement period is from June 10, 2024 to July 10, 2024.”
Previously, STFIL Protocol stated on social platforms in April that "the core technical team is under investigation by the local Chinese police. We understand that they have hired lawyers to understand the current situation and provide legal assistance to the detained individuals." In addition, last week, when the core technical team was detained, the FIL on the STFIL platform was transferred to an unknown external address.
The Lido community's proposal to "hire legal counsel to attend the Lido DAO class action lawsuit" will be voted on July 10th
According to the Snapshot governance page, the Lido community initiated a vote on a proposal to "designate an entity to respond to the pending class action lawsuit against Lido DAO."
On June 27, the court ruled that the plaintiff’s service of legal documents to Lido DAO through various public releases was legal, and required Lido DAO to respond within 14 days, or face a default judgment on the plaintiff’s claim.
The proposal will be voted on until July 10 and currently has a 100% approval rate.
U.S. CFTC Chairman to be sole witness at Senate hearing on digital commodity regulation next week
The U.S. Senate Agriculture, Nutrition, and Forestry Committee announced that it plans to hold a hearing on digital commodity regulation next Wednesday, July 10. Rostin Behnam, Chairman of the U.S. Commodity Futures Trading Commission (CFTC), will attend the hearing as the only witness.
Thursday, July 11
Parallel: cKSM-related functions will be shut down on July 11, and users need to convert cKSM to KSM
The full-chain L2 network Parallel Network announced on the social platform that it will officially shut down cKSM-related functions on July 11. At that time, users will need to exchange cKSM for KSM.
It is reported that Crowdloan is an on-chain voting and staking product previously developed by Parallel on the Kusama chain. Users can participate in Kusama crowd lending by voting KSM through Crowdloan and receiving cKSM LP tokens issued by Parallel.
OP Labs: Fjord upgrade will be launched on OP mainnet on July 11
OP Labs stated on the social platform that the Fjord upgrade will be launched on the OP mainnet at 0:01 Beijing time on July 11.
It is reported that this upgrade will bring new features and reduce costs, including a 20-fold reduction in smart wallet key verification costs through RIP-7212 precompilation; developers can create smart wallet experiences without scale and cost restrictions; more accurate pricing functions and more efficient Brotli batch compression, transaction costs will drop by 5 to 15%; sequencer drift will increase from 10 minutes to 30 minutes, etc.
July 12 (Friday)
ETHGlobal plans to hold ETHGlobal Brussels hackathon on July 12
ETHGlobal announced that it will hold the ETHGlobal Brussels hackathon from July 12 to 14, with a prize of US$500,000. The application period ends at 7:59 on July 2.
Holdium: 5% of Holdium will be distributed to those who hold pre-ordered tokens before July 12
Solana ecosystem loyalty project Holdium said on the X platform that no registration is required to get token airdrops for pre-orderers of Solana Mobile's second-generation mobile phone Chapter 2. Before July 12, 5% of the Holdium supply will be distributed to all those who hold pre-order tokens, that is, anyone who pre-orders Solana Mobile's second-generation mobile phone "Chapter 2" before July 12 is eligible for the project's special airdrop.
July 14 (Sunday)
BNB Chain: Second Sunset Fork to be carried out on July 14
BNB Chain announced that the second Sunset fork is scheduled to take place on July 14. During this period, the BNB Beacon Chain staking function will be migrated to the BNB Smart Chain, and the Beacon Chain will exit the stage of history. All assets need to be migrated from the Beacon Chain to the BNB Smart Chain:
1. Staked BNB: If you have staked BNB, you need to complete the migration before July 14, otherwise the stake will be automatically canceled and returned to the user's account within 2 weeks.
2. BNB and other BEP2 assets: These assets also need to be migrated from the Beacon Chain to the BNB Smart Chain. If the migration is not completed before August 15, they will not be able to be transferred.
The official reminds users to complete asset migration as soon as possible to avoid affecting usage.
Multicoin Capital pledges up to $1 million to support pro-crypto Senate candidates by July 14
According to CoinDesk, Multicoin Capital has pledged up to $1 million to support Senate candidates who support cryptocurrency.
Multicoin plans to provide financial support to four Republican candidates by donating to the conservative super PAC “Sentinel Action Fund.” The amount of Multicoin’s donation depends on the results of the Sentinel crypto donation campaign.
According to Sentinel’s website, Multicoin will match 100% of (SOL) token donations sent to Sentinel by July 14. Gemini is hosting Sentinel’s crypto donation portal and is accepting a variety of tokens, including SOL.
Specific time is not determined
The U.S. House of Representatives may vote to override Biden's SAB 121 veto next week
As Cointelegraph reported, U.S. President Joe Biden’s controversial veto blocking SAB 121, a proposed rule that would require entities that custody cryptocurrencies to record those holdings on their balance sheets, could be voted on by the House next week.
The rule is currently on the House's list of "legislation for possible consideration," according to the weekly schedule released by House Majority Leader Scalise. Voting to override or sustain a presidential veto is the House's constitutional obligation, so another vote is necessary. The vote could come on Tuesday or Wednesday.
Bloomberg analyst: Ethereum spot ETF may be listed for trading later next week or the week of July 15
Bloomberg analyst James Seyffart tweeted that Bitwise Invest has again submitted a revised Ethereum ETF S-1 form, and more issuers are expected to submit the form this week. Analysts believe that Ethereum spot ETF products may be listed later next week or the week of July 15.
Jupiter: New on-chain trading method for Solana powered by Ape & the Vault will be launched next week
Jupiter announced on the X platform that ape.jup.ag was recently launched. In order to help address feedback from users, some fixes have been released, and a refresh icon has been added to the Vault to quickly check the updated balance and history. At the same time, the display error on small devices has been fixed. The Ape application is currently being optimized and is expected to be completed tomorrow.
Jupiter also said that a new transaction method on the Solana chain powered by Ape & the Vault will be launched next week.
Biden nominates CFTC commissioners for top FDIC and Treasury posts, pushes for first nomination hearings to begin the week of July 8
According to The Block, according to a statement released by the White House on Thursday, US President Joe Biden announced the nomination of Commodity Futures Trading Commission (CFTC) Commissioner Christy Goldsmith Romero to lead the Federal Deposit Insurance Corporation (FDIC), and nominated CFTC Commissioner Kristin Johnson as Assistant Secretary of the Treasury Department for Financial Institutions.
The Biden administration is pushing for the first nomination hearings to begin the week of July 8.
Notcoin launches Telegram game accelerator, first batch of applications will be open next week
According to official news, TON ecosystem click game Notcoin announced the launch of Telegram Gaming Accelerator, which aims to empower Telegram mini-apps through blockchain and attract millions of users. Notcoin has partnered with artificial intelligence analysis company Helika to expand and launch the game developer accelerator.
It is reported that the project is based on the successful experience of Helika Accelerate and the funding support of US$50 million, which will help game studios, mobile applications and independent developers build excellent gaming experiences on the Telegram platform and TON blockchain. The first batch of applications will be opened next week.
Samourai Wallet founder to appear in New York City court next week
The U.S. government has agreed to release Samourai Wallet developer William Lonergan Hill, also known as TDev, on bail, according to a letter filed July 3. Hill is set to appear in a New York City court next week following his extradition from Portugal.
Earlier news, on May 28, the U.S. Department of Justice (DoJ) held the first hearing in the case against Samourai Wallet founders Keonne Rodriguez and William Lonergan Hill in the Southern District of New York.
