News preview:
Lido: wstETH deposits from Ethereum to Optimism are planned to be suspended from October 7 and are expected to resume in a week;
FTX plans to allocate $230 million to compensate preferred shareholders, and the restructuring plan confirmation hearing will be held on October 7;
Binance will perform a system upgrade at 14:00 on October 8, which will take about 15 minutes;
Eigenlayer (EIGEN) will unlock approximately 9.93 million tokens at 3:00 a.m. Beijing time on October 9, accounting for 5.32% of the current circulation, with a value of approximately US$35.8 million;
Stacks Foundation: Nakamoto activation is expected to take place on October 9;
Aptos (APT) will unlock approximately 11.31 million tokens at 3:59 am Beijing time on October 12, accounting for 2.25% of the current circulation and worth approximately US$103 million.
October 7
Project dynamics:
Lido: wstETH deposits from Ethereum to Optimism are planned to be suspended from October 7 and are expected to resume in a week
Lido posted on the X platform that as part of the upgrade to introduce stETH into Optimism, wstETH deposits from Ethereum to Optimism will be suspended from October 7 until the upgrade is completed (approximately October 14).
FTX plans to allocate $230 million to compensate preferred shareholders, and the restructuring plan confirmation hearing will be held on October 7
Under a newly disclosed agreement, FTX debtors will set aside up to $230 million worth of proceeds from a government seizure action to compensate preferred shareholders. Because the agreement was finalized after the deadline for FTX creditors to vote on the claims plan and announced 30 days later, it surprised and angered some creditors. Creditors voted overwhelmingly to approve the FTX restructuring plan before the August 16 voting deadline, but they were not aware of the provision. While shareholders are usually the last to be compensated in bankruptcy proceedings, FTX debtors said compensating preferred shareholders would help avoid high litigation costs and delays associated with seizure proceeds.
In addition, according to the latest FTX bankruptcy documents, the claims plan has not yet been approved by the court. The next court hearing to confirm the reorganization plan will be held on October 7, 2024. If the plan is approved, creditors with claims of less than $50,000 may begin to receive compensation by the end of 2024. Parties with larger claims may not receive compensation until the first or second quarter of 2025.
Governance Voting:
dYdX community launches on-chain voting for "adding CETUS to dYdX Chain", which ends on October 7
The dYdX community has initiated a vote on whether to add CETUS to the dYdX Chain. The vote will end at 21:35 UTC on October 7, 2024.
Token unlocking:
Neon (NEON) will unlock approximately 53.91 million tokens at 8:00 am Beijing time on October 7, accounting for 93.43% of the current circulation, with a value of approximately US$18.7 million.
Cardano (ADA) will unlock approximately 18.53 million tokens at 8:00 a.m. Beijing time on October 7, accounting for 0.05% of the current circulation, worth approximately $6.5 million.
Mode (MODE) will unlock 500,000 tokens at 8:00 am Beijing time on October 7, accounting for 38.64% of the current circulation, with a value of approximately US$5.6 million.
Hashflow (HFT) will unlock approximately 13.62 million tokens at 8:00 am Beijing time on October 7, accounting for 2.99% of the current circulation and worth approximately US$2 million.
October 8
Exchange:
Binance will perform a system upgrade at 14:00 on October 8, which will take about 15 minutes
Binance will perform a scheduled system upgrade starting at 14:00 (ET) on October 8. The upgrade will take approximately 15 minutes. The main optimizations of this upgrade include overall system performance and stability improvements. During the upgrade, users can continue to place new spot, futures, and options orders, or cancel existing orders, and can access all Binance products as usual. However, some services and features may be affected differently during the upgrade, including services such as deposits and withdrawals.
Project dynamics:
RareShop and imKey have entered into a strategic partnership and will release imKey hardware wallet RWA NFT on October 8
RaShop, the RWA NFT product sales platform, has reached a strategic cooperation with imKey, a hardware wallet brand under imToken. The two parties will release the imKey hardware wallet RWA NFT on October 8, based on the ERC7765 asset protocol standard. The product released in this cooperation is the imKey hardware wallet family bucket package, priced at $139; users who purchase RWA NFT can freely carry out physical delivery and gift giving, and can obtain airdrop rewards from the Mint Blockchain network in the future. It is reported that RaShop is the world's first consumer-oriented RWA NFT product sales platform and a native innovation project on Mint Blockchain.
Director Cullen Hoback says HBO documentary will reveal Bitcoin founder Satoshi, premiering on HBO on October 8
Documentary director Cullen Hoback and HBO recently announced the premiere of their upcoming film "Money Electric: The Bitcoin Mystery," hinting that the true identity of Bitcoin creator Satoshi Nakamoto may finally be revealed. It is reported that (Money Electric: The Bitcoin Mystery) will be broadcast on HBO on October 8. The film interviews people who claim to have been in close contact with the founder after the release of Bitcoin. It indicates that Satoshi Nakamoto may not be one person, but a group of people. However, the trailer does not provide enough information to reveal the identity of Satoshi Nakamoto. Rumors that Satoshi Nakamoto's identity has been exposed may just be hype for the movie.
Solana Radar Hackathon has opened project submissions and will close at 23:00 on October 8
The 10th Radar Global Online Hackathon hosted by the Solana Foundation has opened project submissions today and will close at 23:00 on October 8. The Radar Hackathon has set a total prize of more than $600,000, $250,000 in early-stage investment, and 1:1 incubation qualifications from the Colosseum accelerator. Participants can receive a single reward of up to $50,000 and special bonuses.
Governance Voting:
Aave community initiated the ARFC proposal vote on "adding sUSDe, USDe and weETH to Aave v3 on ZKsync", which ends on October 8
The Snapshot governance page shows that the Aave community has initiated an ARFC proposal vote to "add sUSDe, USDe, and weETH to Aavev3 on ZKsync", and the voting will end on October 8.
October 9
Project dynamics:
Stacks Foundation: Nakamoto Activation Expected to Take Place on October 9
The Stacks Foundation said in a post on X that Nakamoto activation is expected to take place on October 9. To this end, the Stacks community will hold more than 20 developer workshops around the world, including lectures, live demonstrations, and technical challenges, where participants can win STX. It recently announced that the core developers have selected the Nakamoto hard fork block, Bitcoin block #864864, at which time Nakamoto's key improvements will be deployed, including fast blocks, Bitcoin finality, etc.
As part of the hard fork, all node operators should upgrade their nodes, and Binaries will be available about a week before the hard fork. The Stacks Foundation added that the core developers remain committed to a safe and reliable release. If necessary, they will reserve the right to choose a new hard fork block to resolve issues or investigate network activity. Any updates to the block will be updated immediately.
Nigerian court to decide on Binance executivesâ bail application on October 9
A Nigerian court has postponed its decision on the bail application of detained Binance executive Tigran Gambaryan until October 9. Nigerian judge Emeka Nwite made the ruling on September 4 after hearing arguments from Gambaryanâs lawyer Mark Mordi and prosecution lawyer Ekele Iheanacho, who opposed the bail request.
Berachain announces RFB incentive program, application closes on October 9
Berachain announced the launch of the Request For Broposal (RFB) incentive program. The RFB program consists of three parts: 1. Boyco; 2. Application request; 3. Community request. RFB mainly provides liquidity and other support to Berachain's ecological projects and test network developers to help the project cold start. Projects that have been deployed on the Berachain test network can apply to participate in the RFB program before October 9, and can choose to participate in the Boyco project at the same time. The Boyco project supports project parties to access the Royco Protocol, so that project parties can directly obtain liquidity support from Berachain to focus on project development and community operations.
Token unlocking:
Eigenlayer (EIGEN) will unlock approximately 9.93 million tokens at 3:00 a.m. Beijing time on October 9, accounting for 5.32% of the current circulation, with a value of approximately US$35.8 million.
Xai (XAI) will unlock approximately 35.88 million tokens at 5:30 pm Beijing time on October 9, accounting for 6.20% of the current circulation and worth approximately US$7.2 million.
Ethena (ENA) will unlock approximately 12.86 million tokens at 3:00 pm Beijing time on October 9, accounting for 0.47% of the current circulation and worth approximately US$4 million.
October 10
Project dynamics:
PancakeSwap: Starting October 10, it will stop maintaining all DeFiEdge vault positions
According to PancakeSwap's official announcement, PancakeSwap will stop maintaining all DeFiEdge vault positions from October 10, 2024. Users are reminded to withdraw funds from their vaults before then to avoid any problems. After October 10, the vault will still be available for users to withdraw on the UI. However, the positions will be released on a large scale and will not be actively managed.
Musk: A "historical" humanoid robot will be released on October 10
Musk announced on the X platform that he would release a humanoid robot product on October 10, saying that "this will go down in history."
Christieâs to hold first dynamic Bitcoin Ordinals auction on October 10
Christie's London will auction a digital dynamic artwork called (Ascend) on October 10. This is the only such work engraved on the Bitcoin Ordinal protocol and the only digital artwork at the auction. This auction will mark the first time that Bitcoin Ordinal artworks will be auctioned live at Christie's. According to reports, (Ascend) is part of the "The Wild Within" project created by artists Ryan Koopmans and Alice Wexell. This work captures the dilapidated beauty of the Iveria Sanatorium in Tskaltepo, Georgia. The sanatorium was built between 1952 and 1962 and is now in ruins.
Whatâs unique about âAscendâ is its dynamic nature. Inscribed on the Bitcoin blockchain using the NFT-like Ordinals protocol, the work switches between day and night modes, reflecting the actual time changes at this real-life architectural location in Georgia over a 30-minute transition.
Optimism: Applications for Superchain Contributor Rewards for Season 5 and 6 will close on October 10
Optimsm posted on the X platform that during Season 5 and Season 6, up to 3.5 million OP will be distributed to contributors to Optimism Governance, which means that contributors from October 2023 to September 18, 2024 will receive rewards. If you contribute to Superchain governance, the following dates need to be paid attention to:
Registration: September 26 - October 10
Application review process: October 14 - October 28
Voting: October 28 - November 7
Results announced: November 19
Ola to take final token distribution snapshot of Mainnet and pre-TGE Massive on October 10
Ola officially announced that the third season of the Massive node verification network will be the last season of the Ola testnet phase, and users who participate in the Massive season will be eligible for the distribution of Ola tokens. Ola will conduct the mainnet and TGE before the end of this year. Since the node registration was opened in April this year, the Ola Massive network has more than 240,000 active nodes. The token distribution ratios for the first two seasons were 1% and 2% respectively, and the third season snapshot to be conducted on October 10 will be the final season.
October 11
Token unlocking:
io.net (IO) will unlock about 2.11 million tokens at 8:00 pm Beijing time on October 11, accounting for 2.22% of the current circulation and worth about $3.7 million.
Moonbeam (GLMR) will unlock approximately 3.04 million tokens at 8:00 am Beijing time on October 11, accounting for 0.34% of the current circulation, with a value of approximately US$500,000.
October 12
Policy supervision:
European regulators launch consultation on guidelines for Markets in Crypto-Assets Regulation (MiCAR), deadline is October 12
The three major European regulators (EBA, EIOPA and ESMA) have published a consultation document on the (Crypto-Asset Market Regulation) (MiCAR) guidelines, which aims to establish standardized tests and legal opinion templates for the classification of crypto assets to promote a unified classification approach.
The main contents include:
âą Asset Reference Tokens (ARTs): The white paper for the issuance of ARTs must be accompanied by a legal opinion explaining their classification, in particular that they are not electronic money tokens (EMT) or crypto assets outside the scope of MiCAR.
âą Crypto assets that are not ARTs or EMTs: The white paper of such crypto assets must be accompanied by a classification explanation stating that they are crypto assets that are not EMTs, ARTs or are outside the scope of MiCAR.
The deadline for submitting comments on the consultation document is October 12, 2024. European regulators will hold a virtual public hearing on September 23, 2024, and stakeholders are invited to register to attend by September 19. All comments received will be published after the consultation closes, unless confidentiality is specifically requested.
Token unlocking:
Aptos (APT) will unlock approximately 11.31 million tokens at 3:59 am Beijing time on October 12, accounting for 2.25% of the current circulation and worth approximately US$103 million.
October 13
None
Time to be determined/Multiple times
Policy supervision:
Macroeconomic outlook for next week: Fed officials come out in force to deliver speeches, CPI may support slowing down the pace of rate cuts
In the coming week, Fed officials will come out in force to give speeches. CPI may support a slower pace of interest rate cuts. Investors will focus on the minutes of the Fed meeting and the US September inflation data. The following are the key macro market points that the market will focus on in the new week:
At 1:05 a.m. on Tuesday, Kashkari, 2026 FOMC voting member and president of the Minneapolis Fed, participated in a question-and-answer session at the Bank Holding Company Association's Fall Symposium;
At 6:00 on Tuesday, 2024 FOMC voting member and Atlanta Fed President Bostic will deliver a speech;
At 6:30 on Tuesday, 2025 FOMC voting member and St. Louis Fed President Moussallem will speak on the economic outlook and monetary policy;
At 15:00 on Tuesday, Fed Governor Kugler will speak at a conference hosted by the European Central Bank;
At 0:45 on Wednesday, 2024 FOMC voting member and Atlanta Fed President Bostic will speak on the economic outlook;
At 4:00 on Wednesday, Collins, 2025 FOMC voting member and President of the Boston Fed, will speak at a community bank conference;
At 20:00 on Wednesday, 2024 FOMC voting member and Atlanta Fed President Bostic delivered a welcome speech at an event;
At 21:15 on Wednesday, Logan, 2026 FOMC voting member and president of the Dallas Fed, will give a speech on the current economic situation;
At 22:30 on Wednesday, 2025 FOMC voting member and Chicago Fed President Goolsbee delivered an opening speech at the Chicago Payments Symposium;
At 0:15 on Thursday, Barkin, 2024 FOMC voting member and Richmond Fed President, delivered a speech;
At 2:00 a.m. on Thursday, the Federal Reserve will release the minutes of its monetary policy meeting. At 5:00 a.m. on Thursday, Collins, a 2025 FOMC voting member and president of the Boston Fed, will deliver a speech.
At 6:00 on Thursday, 2024 FOMC voting member and San Francisco Fed President Mary Daly will deliver a speech;
At 20:30 on Thursday, the US September unadjusted CPI annual and monthly rates;
At 20:30 on Thursday, the number of initial jobless claims in the United States for the week ending October 5;
At 22:30 on Thursday, Barkin, 2024 FOMC voting member and Richmond Fed President, will participate in a fireside chat;
At 23:00 on Thursday, FOMC permanent voting member and New York Fed President Williams will speak on the economic outlook and monetary policy and participate in the discussion;
At 20:30 on Friday, the annual and monthly PPI rates of the United States in September;
At 21:45 on Friday, 2025 FOMC voting member, Chicago Fed President Goolsbee and Fed Governor Bowman will attend the 18th Annual Community Bankers Symposium;
At 22:00 on Friday, the initial value of the US one-year inflation rate forecast for October and the initial value of the US University of Michigan Consumer Confidence Index for October will be released;
At 22:45 on Friday, Logan, 2026 FOMC voting member and President of the Dallas Fed, will participate in an expert panel discussion.
