News preview:
Blast: Dapps must distribute all Gold and Points to users before June 25 to be counted in the airdrop
AltLayer (ALT) will unlock approximately 105 million tokens at 6:00 pm Beijing time on June 25, accounting for 6.92% of the current circulation, with a value of approximately US$20.3 million;
Blast announced that the airdrop activity will be launched on June 26;
Biden and Trump's first televised debate was held on June 27, covering topics such as the economy and inflation.
Optimism (OP) will unlock approximately 31.34 million tokens at 8:00 a.m. Beijing time on June 30, accounting for 2.88% of the current circulation, with a value of approximately US$56.7 million;
EU Crypto Market Regulation MiCA is approaching a critical deadline on June 30
June 24
Exchange:
Coinbase does not support Metal L2 airdrops. Users must transfer their MTL assets to a self-custodial wallet that supports MTL V2 before 11am on June 24th.
Coinbase Assets tweeted that Metal L2 announced the migration of MTL from the Ethereum mainnet to Metal L2 via airdrop. Coinbase will not support token airdrops and will suspend trading of Metal DAO (MTL) at around 2 a.m. Beijing time on June 15. Coinbase has moved MTL orders to a limit price mode. Limit orders can be placed and canceled, and matching may occur. MTL funds will continue to be open to users, and users can withdraw funds at any time. Users must transfer MTL assets to a self-custodial wallet that supports MTL V2 before 11 a.m. Beijing time on June 24 to ensure access to airdropped assets.
South Korean crypto exchange GDAC will stop trading services on June 24 and close on July 16
South Korean cryptocurrency exchange GDAC announced that it will shut down its services on July 16. Starting at 11:00 local time on June 24, cryptocurrency trading services on GDAC will no longer be available.
Project dynamics:
AI Arena’s NRN token will be officially launched on June 24
The $NRN token of AI Arena, an AI-driven Web3 competitive game, will be officially launched on June 24, 2024. Users can start to claim the tokens at 3:00 pm Beijing time on June 24 (UTC 7:00 am), and the first batch of listings will be traded on the centralized exchange (CEX) at 4:00 pm (UTC 8:00 am). Earlier this year, AIArena established the CortX Foundation and announced the NRN token economics.
ZK Nation: Protocol Guild, external project contributors, and ZKsync native project contributors will start claiming on June 24th
ZK Nation said on the X platform that the ZKsync (ZK) airdrop is now open for claiming. Users' claim transactions will be in the queue, and it may take a few minutes for ZK tokens to appear in the wallet. Gas fees are paid in full by the ZKsync paymaster. In addition, the Protocol Guild, external project contributors, and ZKsync native project contributors will be able to claim starting June 24, 2024.
June 25
Policy supervision:
EU regulators consider MEV as market abuse, consultation feedback closes on June 25
According to the European Securities and Markets Authority (ESMA)'s proposed technical standards for the regulation of markets in crypto-assets (MiCA), the maximum extractable value (MEV) is a clear example of illegal market abuse. In addition, ESMA's draft standards also recommend a cooperative enforcement approach, urging authorities inside and outside the EU to cooperate in sanctioning market abuse. This means that actors involved in MEV may face investigations and enforcement actions not only from EU regulators, but also from international authorities. The deadline for consultation feedback set by ESMA is June 25, and the final standard is expected to have a significant impact on the EU crypto regulatory environment.
Project dynamics:
Blast: Dapps must distribute all Gold and Points to users before June 25 to be counted in the airdrop
Ethereum L2 network Blast said on the X platform that there are still 3 weeks until the Blast airdrop, and the last Gold distribution will be carried out before the airdrop. Dapps must distribute all Gold and Points to users before 21:00 on June 25th, Beijing time, in order to be counted in the airdrop. The specific requirements are as follows: 1. Points and Gold must be in the user's EOA to be counted in the airdrop. 2. Points and Gold that remain in the smart contract before the airdrop date will be excluded from the calculation. Any suspicious or internal Dapp allocation will be audited and may result in blacklisting in future cooperation.
If a user has Points or Gold in their EOA account, they must have logged into the Blast dashboard at least once with that EOA (either by accepting an invite or linking it to an existing account) for it to be counted towards the airdrop calculation. Don't forget to link an embedded wallet such as Privy. If a user has received Points or Gold from a Dapp but has never logged into the Blast dashboard, please log in as soon as possible.
IO.NET: Daily block rewards for IO Workers will start to be distributed on June 25
IO.NET, a decentralized AI computing and cloud platform, said on the X platform that block rewards will be online soon, and daily rewards for IO Workers will start on June 25. Every day, verified uptime rewards will be automatically credited to the "Earnings and Rewards" tab in IO Worker.
BNB Greenfield testnet is expected to conduct Veld hard fork on June 25
According to the official announcement, the decentralized data storage network BNB Greenfield is about to undergo a Veld hard fork, which will significantly update and optimize the platform. The testnet is expected to undergo a Veld hard fork at block height 9,581,218. Based on the current block interval, it is expected to occur at 15:00 on June 25, Beijing time. Its mainnet is expected to undergo a hard fork at block height 9,269,910. Based on the current block interval, it is expected to occur at 15:00 on July 8, Beijing time. Validators and storage providers should upgrade to the latest version before the hard fork. The hard fork will not affect users' account balances.
The U.S. Bankruptcy Court plans to hold the next hearing on FTX on June 25
According to an email shared by Henri Arslanian, former head of cryptocurrency at PricewaterhouseCoopers (PwC), on X recently, FTX liquidator PricewaterhouseCoopers released an update on the liquidation process, in which customers of FTX or FTX International (Dotcom customers) have the right to file claims in the Bahamas procedure or the US procedure. At this stage, if the bankruptcy protection plan is approved, Dotcom customers are expected to receive claims of 119 to 143 cents per dollar. For customers who have submitted proof of debt claims in the Bahamas procedure, FTX will write in the future to confirm whether the customer wishes to continue to manage, process, adjudicate and resolve claims in the Bahamas. Customers who have not yet submitted proof of debt claims in the Bahamas process can submit claims before the deadline, which is currently expected to be mid-August 2024. In addition, after the court approves the bankruptcy protection debtor's reorganization plan, FTX will confirm the date and next steps in writing, and the hearing date scheduled by the US Bankruptcy Court is June 25, 2024.
Token unlocking:
Acala (ACA) will unlock approximately 4.66 million tokens at 8:00 a.m. Beijing time on June 25, accounting for 0.46% of the current circulation, with a value of approximately US$330,000.
AltLayer (ALT) will unlock approximately 105 million tokens at 6:00 pm Beijing time on June 25, accounting for 6.92% of the current circulation, with a value of approximately US$20.3 million;
June 26
Policy supervision:
Zimbabwe has set up a committee to solicit opinions from all parties on regulating cryptocurrency operations, with a deadline of June 26
The Zimbabwean government is seeking public opinion on crypto asset operations to develop regulatory policies in the field. In a statement, the government said that in view of global trends and best practices, Zimbabwe is embarking on an evaluation and understanding of the full picture of cryptocurrencies, and invites all cryptocurrency service providers serving Zimbabwean customers, whether operating domestically or abroad, to provide suggestions and opinions. To this end, the government has established a committee to consult with operators in the virtual asset ecosystem and hopes to receive feedback by June 26.
Project dynamics:
Ethena introduces ENA Symbiotic staking rewards and will launch ENA pool on June 26
Regarding the details of ENA Symbiotic staking rewards, after the ETH LST cap is filled in a few days, ENA and sUSDe will become eligible assets for staking in the next epoch. ENA staked in Symbiotic will receive the following rewards: 1. The maximum Ethena multiplier per ENA per day is 30 times; 2. Symbiotic points; 3. Mellow points; 4. Potential future LayerZero RFP allocation (if allocated to Ethena). The ENA pool will be online on Wednesday, June 26.
Regarding the re-pledged ENA in Ethena Chain, Ethena Chain will focus on building financial applications and infrastructure on top of USDe as a gas token and fulcrum asset within the system. The re-pledged ENA will provide the following applications with universal security for each use case: spot AMM, perpetual DEX, yield trading, money market, low collateralized loans, on-chain brokers, options and structured products, as well as on-chain infrastructure solutions: cross-chain transfers, Oracle providers, shared sequencers, data availability solutions, and in return, they may be eligible to benefit from potential airdrops of these protocols at a later time at their discretion.
Blast announces airdrop event will start on June 26
Pacman, founder of Blast, said on the X platform: "I have seen some people speculating that Blast postponed the airdrop plan to match the market. Overall, I think it is meaningless to try to grasp the market timing. The schedule was postponed only because we needed more time to develop. The postponement is bad, and we have invested a lot of energy to find a solution, but the final conclusion is that it must be done. We believe that this will bring more value than cutting corners (going online early)." Earlier news, Blast announced that the airdrop activity will be launched on June 26. The airdrop activity will be launched on June 26. This is later than the originally expected May. In order to make up for the inconvenience caused by the delay, the airdrop allocation will be increased. There will be two final Dapp Gold allocations before the airdrop.
Exchange:
Bitget Innovation Zone and Layer 2 Zone will be launched on Blast on June 26
Blast (BLAST) will be officially launched on the Innovation Zone and Layer 2 Zone of Bitget Exchange on June 26. The specific arrangements are as follows: the deposit time is to be determined, the transaction will be opened at 22:00 (UTC+8) on June 26, 2024, and the withdrawal will be opened at 23:00 (UTC+8) on June 27, 2024. The spot trading pair is BLAST/USDT. Blast is a Layer 2 solution with built-in native yield function. The user's balance on Blast will automatically generate compound interest. It was previously reported that Blast will launch an airdrop event in a week, and participants need to prepare in advance to be included in the airdrop calculation.
June 27
Policy supervision:
Biden and Trump's first televised debate was held on June 27, covering topics such as the economy and inflation.
Last month, Democratic President Biden challenged his Republican predecessor, Trump, to abandon decades of tradition in the fall and hold two offline debates in advance, which the latter accepted. The two debates were hosted by CNN and ABC on June 27 and September 10, respectively. CNN said that the debates would include two commercial breaks, during which campaign staff were not allowed to interact with the candidates and there would be no audience in the studio. According to a campaign memo obtained by Reuters, Biden had three topics in the first debate, including abortion rights, the state of democracy and the economy. Trump's team pointed out that immigration, public safety and inflation are key issues before the debate.
Exchange:
Coinbase International to Open ALT-PERP, LDO-PERP and PENDLE-PERP Perpetual Futures Trading on June 27
Coinbase International Exchange announced that it will begin supporting perpetual futures trading for Altlayer (ALT), Lido DAO (LDO), and Pendle (PENDLE) on or after June 27, 2024, at 9:30 UTC. These new markets will be available on Coinbase International Exchange and Coinbase Advanced platforms, with the corresponding trading pairs being ALT-PERP, LDO-PERP, and PENDLE-PERP, respectively.
Project dynamics:
Orderly Network will distribute 10% of ORDER tokens to early users. Users need to bind their wallets before June 27.
Orderly Network, a DeFi protocol based on Near, announced its official launch on the Ethereum mainnet. Users can now trade directly from the base layer for a more seamless experience. In addition, decentralized exchanges (DEX) on the Ethereum mainnet are now able to provide perpetual contract transactions supported by Orderly Network. In addition, Orderly Network also announced that it will allocate 10% of $ORDER tokens to early users, totaling 100 million. This airdrop is for traders in the NEAR ecosystem, and users must bind their wallets before June 27 to receive tokens. Orderly is a full-chain derivatives liquidity layer project that aims to integrate full-chain derivatives liquidity and provide liquidity and settlement support for any asset, any public chain, and any product interface.
Nillion is launching a community round on CoinList, which will end in the early hours of June 27
The decentralized public network Nillion has launched a community round of financing on CoinList, with the purchase period starting at 01:00 on June 20, 2024, Beijing time, and ending at 01:00 on June 27. The community round will adopt the same $400 million valuation as the A round and provide exactly the same (or higher) proportion of token supply as the A round. The community round has an open option with two different launch categories. Previously, in December 2022, Web3 startup Nillion completed a $20 million financing.
Token unlocking:
Yield Guild Games (YGG) will unlock approximately 16.69 million tokens at 10:00 pm Beijing time on June 27, accounting for 4.48% of the current circulation, with a value of approximately US$10.7 million;
June 28
Project dynamics:
Blockchain game Metalcore will launch MCG token on June 28
According to the official Twitter, the MCG (MetalCore Governance Token) token of MetalCore, a mecha fighting game under the game company Studio 369, will be officially launched on June 28.
Token unlocking:
SingularityNET (AGIX) will unlock approximately 8.57 million tokens at 8:00 a.m. Beijing time on June 28, accounting for 0.67% of the current circulation and worth approximately US$5.7 million.
June 29
None
June 30
Policy supervision:
EU Crypto Market Regulation MiCA is approaching a critical deadline on June 30
The key deadline for the EU MiCA (Markets in Crypto-Assets Regulation) is approaching on June 30, which will affect member states’ regulation of cryptocurrencies and digital asset markets. MiCA also affects stablecoins, with implications for their issuance, operation and regulation within the EU. MiCA, which is regulated by the European Securities and Markets Authority (ESMA) and approved by the European Parliament in April 2023, stipulates that stablecoins issued in the region must meet higher regulatory requirements.
The implementation of MiCA is being carried out in stages, with the upcoming deadlines primarily requiring crypto-asset service providers and other entities operating in the space to comply with certain provisions set out in the regulation, including registration and KYC/AML requirements, bringing the end of a transition period for businesses already operating before the adoption of MiCA. Entities that fail to comply may be fined and banned from operating within the EU until regulatory requirements are met. Other provisions, including some applicable to stablecoins, are being phased in, with all parties required to fully comply by December 2024. Requirements for stablecoin issuers also include mandatory registration and affect their issuance, operation and regulation within the EU.
While existing stablecoin issuers must adjust their operations to comply with certain MiCA requirements starting with the June 30 deadline, the most stringent requirements, such as capital and reserve obligations, will take full effect later, ensuring that existing businesses have a transition period to adapt. Stablecoin issuers operating outside the EU but providing services to EU residents will also need to comply with MiCA regulations, which may result in significant changes to their global operations and compliance strategies.
Project dynamics:
IO.NET’s third quarter Ignition rewards program will last until June 30, with a total of 7.5 million IO tokens allocated
IO.NET, a decentralized AI computing and cloud platform, has allocated a total of 7.5 million IOs in the third quarter of the Ignition rewards program, which will run from June 1, 2024 to June 30, 2024, and is focused on incentivizing Worker participation. The snapshot for the third quarter will be taken randomly on June 30, 2024. To be eligible: Workers must pass proof-of-work verification (which runs automatically every hour) and must be active during the snapshot. For workers who are active during the snapshot, uptime for the month of June will be calculated to generate the final points allocated to the worker. The claim period for Season 3 will be announced before the end of Season 3. After the launch of the IO token, workers will receive "block rewards" on top of the rewards received in Season 3.
BRC721: Will suspend the agreement and stop indexers, APIs and image processing servers on June 30
BRC721 said on the X platform that it would suspend the agreement and stop the indexer, API and image processing servers on June 30.
Ether.fi Season 2 airdrop ends on June 30
Ether.fi, a non-custodial liquidity staking protocol, previously announced on Twitter that the second season airdrop will start on March 15 and end on June 30. The longer the staking period, the higher the loyalty points reward the user will receive. The second season airdrop will issue 50 million tokens, accounting for 5% of the supply.
Bithumb’s NFT Marketplace to Close on June 30
According to the Chosun Ilbo, some large Korean corporate conglomerates, including SK Group, LG CNS, and CJ Group, may face huge losses from their investments in NAEMO Market, the NFT trading platform of Bithumb Meta, a metaverse company under Bithumb. NAEMO Market has been losing money since its establishment, despite receiving 17 billion won in funding from Bithumb Meta's parent company Bithumb Korea and attracting nearly 10 billion won (about 7.3 million U.S. dollars) in investment from the above-mentioned large companies. However, as NAEMO Market will be closed on June 30, these investments will be wiped out, and these Korean corporate conglomerates may lose nearly 10 billion won together.
Token unlocking:
Optimism (OP) will unlock approximately 31.34 million tokens at 8:00 am Beijing time on June 30, accounting for 2.88% of the current circulation, with a value of approximately US$56.7 million;
Echelon Prime (PRIME) will unlock approximately 750,000 tokens at 8:00 am Beijing time on June 30, accounting for 1.83% of the current circulation and worth approximately US$8 million;
Tornado Cash (TORN) will unlock approximately 90,000 tokens at 11:30 am Beijing time on June 30, accounting for 2.41% of the current circulation, with a value of approximately US$285,000.