News preview:
CME Group plans to launch Bitcoin Friday futures BFF on September 30;
Sui (SUI) will unlock approximately 64.19 million tokens at 8:00 am Beijing time on October 1, accounting for 2.40% of the current circulation, with a value of approximately US$107 million;
Eigen Foundation: EIGEN can be transferred on October 1st;
Optimism (OP) will unlock approximately 31.34 million tokens at 8:00 am Beijing time on September 30, accounting for 2.50% of the current circulation, with a value of approximately US$60 million;
Deribit will launch BNB perpetual contracts and options on October 1st;
Next week's macro outlook: Non-farm payrolls week is coming, multiple key data will be released, and the Fed Chairman will speak
September 30
Policy supervision:
US SEC extends approval time for Hashdex Nasdaq Crypto Index US ETF to September 30
The U.S. Securities and Exchange Commission (SEC) issued a notice to extend the review time for the proposal submitted by Nasdaq to list and trade the Hashdex Nasdaq Crypto Index US ETF. The ETF is planned to be traded on the Nasdaq exchange under Rule 5711(d), which involves commodity-based trust shares. The SEC decided to extend the decision date originally scheduled for August 16, 2024 to September 30, 2024 to allow more time to review the proposal and related issues.
Exchange:
CME Group plans to launch Bitcoin Friday futures on September 30
CME Group plans to launch Bitcoin Friday Futures (BFF) on September 30, 2024. The futures contract represents 1/50 of a Bitcoin, making trading more capital efficient. BFF expires every Friday at 4 pm New York time and is settled based on the CME CF Bitcoin Reference Rate. These short-term contracts are designed to track Bitcoin spot prices more closely and help mitigate weekend risks. Traders can use BFF to express long and short views in CFTC-regulated markets and enjoy lower capital requirements and potential margin offsets. The product is still subject to regulatory review.
Project dynamics:
Polygon Labs: Eggfruit upgrade will be launched on the Polygon zkEVM mainnet beta on September 30
According to the official blog of Polygon Labs, the Polygon zkEVM testnet is about to usher in a new, higher-performance and more stable sequencer. This important technological breakthrough will not only benefit Polygon zkEVM developers and dApps, but will also have a profound impact on chains built using Polygon CDK. The upgrade named "Eggfruit" has been launched on the testnet today (September 20, 2024) and will be officially launched on the mainnet beta after a 10-day lock-up period, that is, on September 30.
The Eggfruit upgrade will be launched on the mainnet beta on September 30 (18:30 Beijing time). During the upgrade, there will be about two hours of maintenance, during which the Polygon zkEVM beta will be suspended. Since the Eggfruit upgrade involves the PolygonZkEVM.sol consensus contract, the lock-up period is set to ensure the safety of all developers and users and follow the network governance model. Before the upgrade is implemented, developers have enough time to withdraw funds (if necessary).
OneKey Card will stop new registration and recharge functions from September 30
According to the announcement on OneKey's official website, in order to improve service quality and optimize product experience, the OneKey Card Service will be gradually closed. The specific schedule is as follows: Starting from September 30, 2024, new registration and recharge functions will be stopped; on October 31, 2024, all remaining balances will be safely transferred to the user's wallet and can be withdrawn at any time; on January 31, 2025, the OneKey Card Service will be completely stopped.
Port3 Network: PORT3 airdrop season 2 is scheduled to be snapshotted on September 30
Port3 Network, a decentralized AI data network, announced on the X platform that the PORT3 airdrop second quarter snapshot is scheduled to be conducted on September 30. The team will then conduct a thorough anti-fraud check to detect Bot and Sybil attacks. After the relevant operations are completed, users will be able to view the airdrop distribution on the official website.
Eigen Foundation: Transfer restrictions on EIGEN tokens are expected to be lifted on September 30
The Eigen Foundation said on the X platform: "The next major step in the evolution of EIGEN is coming soon. The transfer restriction of EIGEN tokens is expected to be lifted on September 30, 2024. Please note that if the user's EIGEN is currently staked, there is a 7-day withdrawal period to unstake the staked EIGEN."
UniSat: Plans to launch PizzaSwap on Fractal mainnet on September 30
UniSat said in a post that the Fractal Bitcoin mainnet has been launched in the past two weeks, brc-20 on Fractal has been activated, and PizzaSwap on the Fractal mainnet is scheduled to be launched on September 30, supporting assets bridged through Bool Bridge and SimpleBridge. In addition, before PizzaSwap goes online, on September 25, the brc-20 index implementation will be open sourced on Fractal, and preparations are currently underway to activate Runes on Fractal at block height 84,000.
Token unlocking:
Optimism (OP) will unlock approximately 31.34 million tokens at 8:00 am Beijing time on September 30, accounting for 2.50% of the current circulation, with a value of approximately US$60 million.
October 1
Policy supervision:
Dubai to adopt stricter rules on cryptocurrency investment marketing starting October 1
Dubai's cryptocurrency regulator has updated its guidelines for marketing virtual assets, with new rules requiring companies to add disclaimers clarifying the risks of such investments, according to Bloomberg. The Dubai Virtual Asset Regulatory Authority said on Thursday that starting October 1, companies looking to sell virtual assets in the United Arab Emirates must add a "conspicuous" disclaimer stating that "virtual assets may depreciate in whole or in part and are susceptible to extreme volatility."
âWe believe that by providing clear, actionable guidance we can help VASPs deliver their services responsibly while enhancing market trust and transparency,â Matthew White, CEO of the Virtual Asset Regulatory Authority, said of virtual asset service providers. In addition, companies offering virtual asset or related product bonuses in the UAE must obtain compliance confirmation from VARA, as well as other rules, such as bonuses must not be used to âdivert or misleadâ investors from properly assessing investment risks.
Exchange:
Deribit to launch BNB perpetual contracts and options on October 1
According to Deribit's official announcement, Deribit will launch BNB perpetual contracts and options on October 1, 2024, at 9:00 am UTC (17:00 Beijing time). The minimum order size for BNB-USDC perpetual contracts is 0.01 BNB, and the minimum price change is 0.05 USDC; the contract multiplier for BNB options is 1, the minimum order size is 1, the minimum price change is 0.1 USDC, and daily, weekly and monthly expiration options are available. The pricing and margin of the two products will use USDC, which is consistent with the standards of SOL and XRP. A non-trading version is currently available in the API for customers to prepare their systems.
Project dynamics:
The Arena reschedules ARENA launch to between October 1 and 14
Avalanche Ecological Social Protocol Yu X said in a post: "We are processing multiple transactions that have appeared recently. One of the transactions is expected to be the largest user acquisition and new user introduction event in Arena's history. We will determine the time of token launch after we can announce everything publicly. For these reasons, we have rescheduled the launch of ARENA to between October 1st and 14th. Arena Uprising will start 7 days before the token launch. Please pay close attention to updates on the launch time, and specific information will be announced in the Arena main channel."
Grass: Users who claim the first airdrop must connect their Solana wallet to the dashboard before 8:00 on October 1st
Grass, an artificial intelligence (AI) web crawler project based on the Solana network, issued a reminder on the X platform, asking users to connect their Solana wallets on the Grass dashboard before 8:00 am Beijing time on October 1. If the deadline is missed, users will not be able to claim the rewards of the first airdrop.
Lisk DAO to Complete Community Vote on October 1 to Decide Whether to Keep or Destroy 100 Million LSK
Blockchain application platform Lisk said in an official blog that it will launch a community vote on the newly launched Lisk DAO on September 24 to decide whether to retain or destroy 100 million LSK tokens, which accounts for 25% of the total supply of 400 million. The vote will last for 7 days until October 1, and the voting process will use Tally. This decision was made after Lisk recently migrated from Layer 1 to Layer 2 blockchain as part of the Optimism Superchain and the launch of the new Lisk DAO.
If the community chooses to allocate to the DAO Fund, these 100 million LSK tokens will belong to the fund from 2027 to 2033, with 15 million LSK tokens distributed annually for six years and 10 million LSK tokens distributed in the seventh year. This fund will greatly help the community to promote its own plans, support growth activities and fund innovative projects in the next decade. If the community chooses to burn, 100 million LSK tokens will be permanently removed from the total supply. This move will reduce the total supply of LSK tokens by 25% to 300 million tokens, but it will greatly weaken the power of the DAO.
Eigen Foundation: EIGEN can be transferred on October 1st
The Eigen Foundation stated on the X platform that EIGEN tokens will be transferable at 12:00 (UTC+8) on October 1.
Earlier news, the Eigen Foundation stated on the X platform: "The next major step in the evolution of EIGEN is coming. The transfer restriction of EIGEN tokens is expected to be lifted on September 30, 2024. Please note that if the user's EIGEN is currently staked, there is a 7-day withdrawal period to cancel the staked EIGEN."
Uniswap Labs: Uniswap v4 security competition will end on October 1st
Uniswap Labs announced that its Uniswap v4 security competition will end at 20:00 on October 1, Beijing time. Security researchers need to submit vulnerability reports before the deadline to share a prize pool of $2.35 million. According to the Uniswap Labs announcement, the bonus will be allocated based on the severity of the vulnerability, with a maximum bonus of $2.25 million. Researchers can get rewards by submitting vulnerability reports on smart contracts, and the earlier they submit, the more they will receive an additional 20% bonus incentive.
Token unlocking:
Sui (SUI) will unlock approximately 64.19 million tokens at 8:00 am Beijing time on October 1, accounting for 2.40% of the current circulation, with a value of approximately US$107 million.
ZetaChain (ZETA) will unlock approximately 53.89 million tokens at 8:00 am Beijing time on October 1, accounting for 13.43% of the current circulation and worth approximately US$39 million.
DYDX (DYDX) will unlock approximately 8.33 million tokens at 8:00 am Beijing time on October 1, accounting for 1.32% of the current circulation and worth approximately US$9 million.
Maverick Protocol (MAV) will unlock approximately 36.4 million tokens at 8:00 am Beijing time on October 1, accounting for 9.56% of the current circulation and worth approximately US$9 million.
Galxe (GAL) will unlock approximately 2 million tokens at 8:00 am Beijing time on October 1, accounting for 1.57% of the current circulation and worth approximately US$4.9 million.
Manta Network (MANTA) will unlock approximately 1.87 million tokens at 7:59 am Beijing time on October 1, accounting for 0.50% of the current circulation and worth approximately US$1.8 million.
October 2
Political elections:
US vice presidential debate to be held on October 2
On August 15, James Vance, the Republican vice presidential candidate and U.S. Senator from Ohio, said that he agreed to debate with Democratic vice presidential candidate and Minnesota Governor Tim Waltz on October 1 (9 a.m. Beijing time on October 2).
Exchange:
Bitstamp: Plans to stop ANT withdrawals on October 2
Bitstamp announced on the X platform that due to the impending dissolution of the Aragon project, your ANT needs to be exchanged for ETH before November 2024. Bitstamp will stop withdrawals on October 2, and immediate action is needed to manage the relevant assets.
Project dynamics:
Pichi Finance, a points trading protocol, opens PCH applications, and the second quarter airdrop will be snapshotted on October 2
The points trading protocol Pichi Finance said that it has opened the PCH claim channel. Users can choose to claim all PCH, or pledge to obtain 3 times the points, thereby obtaining enhanced rewards in the second season airdrop. The second season airdrop will be snapshotted at 7:59 (UTC+8) on October 2.
Earlier news, the points trading protocol Pichi Finance announced the PCH token economics, with a total supply of 1 billion, of which 125.5 million were initially in circulation. 5% of the total supply will be airdropped to the community, 18% to the team, 20% to investors, 15% to the ecosystem, and 7% to partners.
Token unlocking:
Cardano (ADA) will unlock approximately 18.53 million tokens at 8:00 a.m. Beijing time on October 2, accounting for 0.05% of the current circulation and worth approximately US$7.5 million.
Liquity (LQTY) will unlock approximately 18.53 million tokens at 8:00 a.m. Beijing time on October 2, accounting for 0.05% of the current circulation and worth approximately US$7.5 million.
October 3
Policy supervision:
Abu Dhabi proposes a regulatory framework for fiat-referenced tokens and will close public consultation on October 3
According to Cointelegraph, the Abu Dhabi Financial Regulator plans to regulate the Fiat Reference Token (FRT), a stablecoin, in response to calls from stakeholders seeking to issue the token. The regulator has invited public feedback on the proposed regulatory framework. The Financial Services Regulatory Authority (FSRA) of the Abu Dhabi Global Market (ADGM) said that FRT issuers will be subject to operational restrictions and requirements. FSRA recommends that the market value of reserve assets be at least equal to the par value of all FRTs in circulation at the end of each business day. FRTs should also be valued at daily market prices. The regulator also recommends that institutions that issue two or more FRTs should operate and maintain independent reserve asset pools for each FRT and manage each reserve asset pool separately.
The FSRA has set a deadline of October 3, 2024 for comments on the proposal. Upon receipt of comments, the FSRA will consider whether the proposed regulatory framework for FRTs needs to be amended. The ADGM Board and the FSRA will then proceed to develop the regulatory framework in its final form. After considering definitions in other jurisdictions, the Abu Dhabi Financial Services Regulatory Authority said it proposes to define FRT as a digital asset whose transfer and storage is achieved electronically through the use of distributed ledger technology. The value of FRTs should be referenced to a fixed amount of a single legal currency and allow holders to redeem FRTs from the issuer in exchange for an equal amount of legal currency when required. In addition to implementing a regulatory framework to govern the issuance of FRTs, the Financial Services Regulatory Authority is also reviewing a range of existing regulated activities to consider any relevant amendments to the possible use of FRTs for such regulated activities. The proposal will be set out in a separate consultation document, and these proposed amendments will consider the acceptance of tokens for services or investments, and the circumstances in which the holding or transfer of tokens can be used to provide payment services.
The US SEC plans to impose sanctions on Elon Musk, and the two sides are scheduled to hold a meeting on October 3
According to Cointelegraph, the U.S. Securities and Exchange Commission (SEC) plans to impose sanctions on Elon Musk for failing to appear in court on the original date (September 19, 2024) and provide testimony to the financial regulator regarding the $44 billion X (formerly Twitter) acquisition. Elon Musk's legal counsel emphasized that the SEC has accepted the request to reschedule the meeting to be held in Los Angeles, California on October 3, 2024, and believes that the court's intervention is unnecessary. The letter explained that the only reason for Elon Musk's absence from the previous meeting was an emergency, and assured the court that he would attend the October meeting.
Exchange:
Coinbase International will launch FET perpetual contracts on October 3
According to the announcement of Coinbase International Exchange, Coinbase International Exchange and Coinbase Advanced will launch FET perpetual contract (FET-PERP) trading. The FET-PERP market is expected to open at 17:30 (UTC+8) on October 3.
October 4
Project dynamics:
Solana Labsâ Solana Incubatorâs second phase of applications closes on October 4
Solana Labs announced that the second phase of the Solana Incubator application is now open. The application deadline is October 4. Four to six high-quality teams will be selected to work directly with Solana Labs in New York City from January to April 2025 to meet their specific needs, including participation in blockchain development, design and product launch planning, fundraising support and venture capital introductions.
ZetaChain launches 6.5 million ZETA reward pool, claims close on October 4
Universal Blockchain ZetaChain has launched a 6.5 million ZETA reward pool for qualified XP members, and users can unlock exclusive benefits within the ZetaChain ecosystem by minting their XP status NFT. The claim period is open until October 4th. This milestone reinforces ZetaChainâs mission to provide universal application support for all chains, including native Bitcoin, and marks the transition of ZetaChain to a new instant reward model. This is the last XP airdrop. Since its launch, ZetaChain has distributed more than 90 million ZETA and has more than 3.8 million unique wallets.
Stacks Foundation: Nakamoto testnet hard fork successfully activated, plans to release details update before October 4
The Stacks Foundation posted on X that core developers said the Nakamoto testnet hard fork planned for this week was successfully activated. Please note that the testnet may be reset over the weekend to eliminate some issues found by core developers. During the testnet upgrade, core developers found some bugs related to the way nodes communicate about the retention period extension. The testnet is mostly running normally, and core developers are working to eliminate the last few issues and hope to make slight adjustments to the mainnet hard fork blocks. Updates on the details of the hard fork are planned to be released before October 4.
Fantasy sports platform Sorare is being prosecuted in the UK for providing an unlicensed gambling facility, with a trial scheduled for October 4
According to CoinDesk, the Web3-based fantasy sports platform Sorare has been prosecuted in the UK for providing unlicensed gambling facilities. This is the first time that the UK Gambling Commission has taken action against a blockchain platform. Sorare is headquartered in Saint-Mande, France, and operates fantasy games such as football, basketball and baseball, where users purchase and trade cards through NFTs. The company has cooperated with many sports associations such as the Premier League and the Bundesliga. The committee stated that Sorare does not hold a gambling operating license and must appear in Birmingham Magistrates' Court on October 4. Sorare denied the allegations, saying that its platform is not a gambling product.
Token unlocking:
Immutable (IMX) will unlock approximately 32.47 million tokens at 8:00 am Beijing time on October 4, accounting for 2.02% of the current circulation and worth approximately US$59 million.
October 5
None
October 6
None
Time to be determined/multiple times
Next week's macro outlook: Non-farm payrolls week is coming, multiple key data will be released, and the Fed Chairman will speak
Next week will be the U.S. "non-farm week", and a number of key data are expected to be released. The following are the macro events worth paying attention to:
Chinaâs official manufacturing PMI at 09:30 on Monday;
At 01:00 on Tuesday, Federal Reserve Chairman Powell delivered a speech at the National Association for Business Economics;
Tuesday 22:00, US September ISM Manufacturing PMI;
At 23:00 on Tuesday, 2024 FOMC voting member, Atlanta Fed President Bostic and Federal Reserve Board Governor Lisa Cook co-chaired the meeting;
At 06:15 on Wednesday, 2024 FOMC voting members Bostic and Barkin, and 2025 FOMC voting member Collins will participate in a group event together;
Wednesday 20:15, US September ADP employment data;
At 21:00 on Wednesday, 2024 FOMC voting member and Cleveland Fed President Hammack will deliver a speech;
At 22:05 on Wednesday, 2025 FOMC voting member and St. Louis Fed President Moussalem delivered an opening speech at an event;
At 23:00 on Wednesday, Federal Reserve Board Governor Bowman will deliver a speech;
At 20:30 on Thursday, the number of initial jobless claims in the United States for the week ending September 28;
At 22:40 on Thursday, Minneapolis Fed President Kashkari and Atlanta Fed President Bostic will hold a fireside chat on an inclusive economy.
At 20:30 on Friday, the seasonally adjusted non-farm payrolls for September in the United States (10,000 people);
At 21:00 on Friday, FOMC permanent voting member and New York Fed President Williams delivered an opening speech at a meeting held by the New York Fed;
Friday 20:30, US unemployment rate for September.
