Arrangement: Fairy, ChainCatcher
Key news:
US court to rule on Bitcoin Fog founder Roman Sterlingov on July 15
Source: The US SEC will hold a closed-door meeting next Thursday, and the topic may be related to the Ripple lawsuit
Grayscale: ETHE will distribute 10% of its ETH holdings to the ETH Mini Trust, with a record date of July 18
Trump to announce his vice presidential pick next week, crypto-friendly Senator JD Vance expected to win
South Korea's "Regulations on Partial Amendments to the Regulations on the Scope of Crimes for Prosecutors to File Cases" came into effect on July 19
Musk donated to Trump's super PAC, which must disclose its donors on July 15
Nigeria's central bank accuses Binance of operating without a license in the country; next court date is July 16
July 15 (Monday)
Musk donated to Trump's super PAC, which must disclose its donors on July 15
Elon Musk has donated to a super PAC that is campaigning for Trump, according to Bloomberg.
Musk has donated to a low-profile group called America PAC, according to people familiar with the matter. It is not clear how much, but people familiar with the matter described it as a large sum. The committee is required to disclose its donations next July 15. Trump has already surpassed his rival Biden in fundraising by then.
Musk has not publicly endorsed any candidate for the 2024 election. He said earlier this year that he did not expect to fund the Trump or Biden campaigns. But his latest donation decision now creates an opportunity for him to become a major Republican donor.
Upbit: Will support SEI network upgrade on July 15
South Korean cryptocurrency exchange Upbit announced that deposits and withdrawals will be suspended at 18:00 local time on July 15 due to the SEI network upgrade.
SEI deposit and withdrawal support will be restored after confirmation of stability. During the suspension period, deposits and withdrawals may be delayed, but trading support will not be affected.
MicroStrategy to Redeem $650 Million of Convertible Notes Due 2025
According to an official announcement, MicroStrategy announced today that it has sent a full redemption notice to the trustee of MicroStrategy's issued 0.750% convertible senior notes with a maturity date of 2025 (CUSIP number: 594972 AC5).
The total face value of the notes being redeemed is $650 million, which is equal to the total face value of the notes currently held by investors.
The Notice requires that all outstanding Notes be redeemed on July 15, 2024 (the Redemption Date) at a redemption price equal to 100% of the principal amount of the Notes to be redeemed, plus interest, if any, as of the Redemption Date but unpaid, unless earlier converted.
Gevulot will launch the mainnet prover network Firestarter on July 15
According to GlobeNewswire, Gevulot, a blockchain focused on zero-knowledge proof, will launch the mainnet prover network Firestarter on July 15. Gevulot Devnet is currently a free public welfare testnet for registered users, encouraging the Galxe community to participate.
In addition, the Gevulot roadmap also includes the release of the incentivized computing network in the third quarter of 2024, and the ZkCloud mainnet, which is expected to be released in the first fiscal quarter of 2025. ZkCloud is a decentralized computing network optimized for offloading arbitrary provable computations to solve problems with the current proof infrastructure and accelerate the adoption of zero-knowledge proofs.
According to Web3 asset data platform RootData, the zero-knowledge proof blockchain Gevulot announced in January this year that it had completed a $6 million seed round of financing, led by Variant.
US court to rule on Bitcoin Fog founder Roman Sterlingov on July 15
The founder of cryptocurrency mixing service Bitcoin Fog has been found guilty in a Washington federal court of helping launder tens of millions of dollars on a darknet marketplace known for selling illegal drugs, Bloomberg reports.
It is reported that the jury ruled on Tuesday that the mixing service provided by Roman Sterlingov, 35, made it more difficult to find the source of proceeds from illegal activities. The government claimed that Bitcoin Fog processed more than $400 million in untraceable transactions, including some from illegal markets. Roman Sterlingov will face 20 years in prison. He has been detained for nearly three years. The court will make a verdict on July 15.
Solend Season 2 Incentive Campaign will be open for claiming on July 15, airdropping 1.1 million SLND
Solana Ecosystem Lending Protocol Solend announced that its second season incentive campaign will end at 21:00 today. This event will distribute 1.1 million SLND. All mortgage deposits between April 11 and July 12 are eligible for rewards. Deposits made before April 17 and maintained to date will receive 2x rewards. Users can view and claim rewards at 21:00 on July 15.
Parcl announces the details of the second PRCL community distribution: involving 6% of the total PRCL supply, open for claiming on July 15
Parcl Network, the Solana ecosystem real estate digital investment platform, announced the details of the second PRCL token community distribution. This distribution involves 6% of the total supply, or 60,000,000 PRCL tokens, of which 4% is linearly distributed according to the S1 leaderboard and an additional 2% is allocated to S1 traders. To ensure the overall consistency of the ecosystem, this distribution includes vesting and liquidity components.
In addition, PRCL tokens will be divided into three vesting/liquidity plans based on the user's staked amount. Staking has been enabled and will start to be collected on July 15.
Binance will support the Galxe (GAL) token swap, increment and brand upgrade to Gravity (G)
According to the official announcement, Binance will support the Galxe (GAL) token swap, increment and brand upgrade plan to Gravity (G).
Binance will stop trading and delist all existing GAL spot trading pairs (GAL/BTC, GAL/USDT and GAL/TRY) at 11:00 (ET) on July 15, 2024, and will automatically cancel all pending orders;
Binance will open G/USDT and G/TRY spot trading at 16:00 (ET) on July 19, 2024.
DOGS announced that the activity of purchasing DOGS points with Telegram Stars will end on July 15
Telegram's native Meme project DOGS announced in its official channel that the activity of using Telegram Stars to purchase DOGS points will end on July 15, and 100% of the obtained Telegram Stars will be donated to charities, which will be selected by community voting.
According to previous news, on July 12, DOGS has built-in Telegram Stars purchase function, with an exchange rate of 1:1, and Telegram Stars can be purchased directly with legal currency. This move has caused widespread discussion in the crypto community, saying that this may be an official sale of coins, and the total amount of tokens can be issued indefinitely, which has aroused doubts in the community.
Tuesday, July 16
Nigeria's central bank accuses Binance of operating without a license in the country; next court date is July 16
According to Coin Edition, Olubukola Akinwummi, a senior official of the Central Bank of Nigeria (CBN), testified at a court hearing in Abuja that Binance was operating without a license in the country.
In addition, Binance executive Tigran Gambaryan faces money laundering charges. He was arrested by Nigerian authorities in February 2024 and later released due to deteriorating health. During a previous hearing, he suddenly fell ill in court and was diagnosed with malaria. This prompted American politicians to lobby President Biden to release Gambaryan.
Justice Emeka Nwite accused the prosecution and prison officials of delaying the trial, further fuelling tensions. He ordered them to submit medical reports before the next court session, scheduled for July 16. However, prison officials insisted that Gambaryan’s health condition was not serious.
Chromia to launch mainnet MVP on July 16
Relational blockchain Chromia plans to launch a minimum viable product version of its mainnet on July 16 to establish the core functionality of the network, The Block reported.
Chromia aims to make it easier to build web3 applications by supporting its layer 1 blockchain with a SQL-like programming language.
Chromia aims to make it easier to build web3 applications by writing its base layer blockchain in Rell, a custom programming language comparable to SQL. The team claims that the language is designed to allow for higher-order computational capabilities and faster runtimes when building and running decentralized applications.
South Korean Crypto Trading Platform GDAC to Terminate Services on July 16
According to News1, the Korean crypto trading platform GDAC announced that it will terminate its service due to system reorganization, and the service end date is July 16. From the end of the service on July 16, automatic withdrawals will be converted to manual withdrawals, and GDAC will implement a separate withdrawal fee policy for manual withdrawals. Starting from 11:00 local time on June 24, the cryptocurrency trading service on GDAC will no longer be available.
Earlier news, on April 10, South Korean crypto trading platform GDAC announced that it was hacked on Sunday and lost nearly $13 million in assets, including nearly 61 bitcoins, 350.5 Ethereums, 10 million WEMIX and 220,000 USDT, accounting for 23% of its total custodial assets.
Pudgy Penguins to Release “Pudgy Wizard” Series NFT on July 16
NFT project Pudgy Penguins announced that the “Pudgy Wizard” series will be released exclusively on NTWRK on July 16, 2024 at 8:45.
Wednesday, July 17
Binance plans to perform wallet maintenance on July 17 and suspend deposits and withdrawals
Binance will perform wallet maintenance at 15:00 on July 17, 2024. To support this maintenance, Binance will suspend all network deposits and withdrawals at 15:00 on July 17. The maintenance is expected to take 1 hour, and deposits and withdrawals will be automatically resumed after the maintenance is completed. During the wallet maintenance period, users can trade tokens normally.
Thursday, July 18
Source: The US SEC will hold a closed-door meeting next Thursday, and the topic may be related to the Ripple lawsuit
According to Coinedition, the U.S. Securities and Exchange Commission plans to hold a closed-door meeting next Thursday (July 18). Although the official agenda has not been disclosed, sources said that this meeting may address the Ripple lawsuit and potential settlements. According to the circulated internal notice, and considering the importance of Ripple and the multiple legal proceedings involved by the SEC, many in the crypto community speculate that this will be the focus. According to market data, XRP has risen 27% in the past week.
The court previously ruled that the SEC failed to prove that BNB's secondary sales were securities in the Binance case, winning legal support for Coinbase and Ripple. Coinbase and Ripple Labs are using the ruling to challenge the U.S. SEC's regulatory stance on cryptocurrencies.
Bloomberg ETF Analyst: US SEC May Approve Spot Ethereum ETF on July 18
Bloomberg ETF analyst Eric Balchunas predicts that the U.S. SEC may approve a spot Ethereum ETF on July 18.
Grayscale: ETHE will distribute 10% of its ETH holdings to the ETH Mini Trust, with a record date of July 18
According to GlobeNewswire, Grayscale announced that July 18, 2024 will be set as the record date for the first creation and distribution of Grayscale Ethereum Mini Trust (ETH Mini Trust) shares to Grayscale Ethereum Trust (ETHE) share holders. Grayscale plans to list the ETH Mini Trust on the New York Stock Exchange Arca with the ticker "ETH" after obtaining regulatory approval.
In addition, in the First Distribution, ETHE will contribute 10% of its Ethereum holdings as of 4:00 PM ET on the Record Date to the ETH Mini Trust, and each holder of ETHE shares as of 4:00 PM ET on the Record Date will be entitled to receive ETH Mini Trust shares on a 1:1 basis.
Polyhedra Network will launch the next staking program on July 18
Polyhedra Network announced on X that the next staking plan will start on July 18. The previous staking plan has ended and the rewards have been distributed.
Sanctum: CLOUD airdrop will be available on July 18
Solana ecosystem liquidity pledge protocol Sanctum posted on social platforms that the LFG website will be launched on Tuesday (July 16), and users can check airdrop allocations; Alpha Vault will be open. CLOUD will be officially launched on Thursday (July 18), and users can claim airdrops and start trading CLOUD.
Coinbase International will add CRV, ENS and PEOPLE perpetual futures
Coinbase International has announced that it will add support for Curve DAO, Ethereum Name Service, and Constitution DAO perpetual futures on Coinbase International Exchange and Coinbase Advanced. CRV-PERP, ENS-PERP, and PEOPLE-PERP markets will be available on or after 9:30 AM (UTC) on July 18, 2024.
Mystiko.Network: The first round of airdrops will be distributed to early contributors and supporters of the community on July 18
Web3 base layer Mystiko.Network announced that it will distribute the first round of airdrops to early contributors and supporters of the community on July 18.
If a user does not receive any points in the Airdrop Points Checker on June 18, there is still a chance to receive airdrops by participating in other activities before July 18.
Earlier on June 18, the Web3 base layer Mystiko.Network announced on the social platform that it has opened XZK airdrop inquiries.
July 19 (Friday)
South Korea's "Regulations on Partial Amendments to the Regulations on the Scope of Crimes for Prosecutors to File Cases" came into effect on July 19
The South Korean Ministry of Justice announced the formulation of the "Regulations on Partial Amendment of the Scope of Crimes for Prosecutors to File Cases", which will include virtual asset crimes in the scope of direct investigation by prosecutors. The South Korean prosecutors will directly investigate economic crimes, including crimes related to the "Virtual Asset User Protection Act". The bill aims to protect virtual asset users and will take effect on July 19. Violators may face more than one year in prison or a fine.
The South Korean government will launch a real-time monitoring system for illegal activities involving crypto assets on July 19
South Korea’s Financial Supervisory Service (FSS) announced that it has developed a 24-hour monitoring system in cooperation with local exchanges to screen for any suspicious activities in the crypto asset market. The new system will go live on July 19, the same day that South Korea’s first regulatory framework for crypto asset investor protection will take effect.
The FSS also recommended that exchanges form dedicated teams within their organizations to monitor suspicious transactions and provide guidelines to discover illegal behavior in detected transactions through audit information (such as on-chain data). The agency pointed out that illegal activities in crypto assets include unfair trading using undisclosed information about tokens, price manipulation, and falsification of circulation data.
July 20 (Saturday)
Coinbase will delist COVAL, RAI and wAMPL and will suspend SNX trading for users in New York
Coinbase Assets announced on the X platform that based on recent reviews, the platform will suspend trading of Circuits of Value (COVAL), Rai (RAI), and Wrapped Ampleforth (wAMPL) at approximately 02:00 Beijing time on July 20. Trading on Coinbase.com (simple and advanced trading), Coinbase Exchange, and Coinbase Prime will be suspended. The COVAL, RAI, and wAMPL order books have been moved to limit mode. Limit orders can be placed and canceled, and matching may occur.
In addition, Coinbase will suspend Synthetix (SNX) trading for New York users at approximately 02:00 Beijing time on July 20. Trading for New York users on Coinbase.com (simple and advanced trading), Coinbase Exchange, and Coinbase Prime will be suspended. Synthetix (SNX) trading is still available in supported regions.
Specific time is not determined
Trump to announce his vice presidential pick next week, crypto-friendly Senator JD Vance expected to win
Data from the Polymarket prediction platform shows that crypto-friendly Senator JD Vance has a 29% chance of becoming Trump's running mate. Trump is reportedly expected to announce his vice presidential candidate next week.
The 137th Ethereum ACDC meeting: Pectra Devnet 1 will release a new version of the testnet next week
According to Christine Kim’s summary of the 137th Ethereum Consensus Core Developers Meeting (ACDC), this ACDC discussed the progress of Pectra Devnet 1 and PeerDAS Devnet 1, as well as the fork choice test generation research led by Consensys research team TxRx.
On the Pectra Devnet 1 side, the CL and EL clients are ready, and the testnet is expected to be launched next week. The EF development and operation team is testing multiple client combinations, and the EthereumJS client is ready for testing.
On PeerDAS Devnet 1, EF DevOps engineer Barnabas Busa said the CL client team is fixing the bug and plans to restart this weekend. Stokes updated the pull request for modifying the hard-coded blob gas limit on EL and CL, and plans to formalize it as an Ethereum Improvement Proposal (EIP).
The TxRx research team implemented an initial version of the fork choice test generator, aimed at identifying client software bugs that could cause a chain split, and requested feedback to refine the test suite.
ether.fi Foundation: Season 2 claims will start next week, and Sybil addresses are being removed
The ether.fi Foundation announced on the X platform that Season 2 claims will be launched next week. The team is working hard to implement the feedback provided by the claim checker to ensure that accurate allocations are provided to users. Once it is confirmed that accurate allocations have been provided (including the removal of witch addresses), it will be launched. We will continue to update after the date is confirmed, and remind users to pay attention to the official link.