News preview:
The ASI token merger is scheduled to begin on July 1, and the first phase will be temporarily merged into FET tokens;
Sui (SUI) will unlock approximately 64.19 million tokens at 8:00 a.m. Beijing time on July 1, accounting for 2.65% of the current circulation, with a value of approximately US$50.7 million;
io.net (IO) will unlock approximately 7.5 million tokens at 9:00 pm Beijing time on July 1, accounting for 7.89% of the current circulation, with a value of approximately US$24 million;
According to people familiar with the matter, the US SEC may approve the Ethereum spot ETF as early as July 4;
MerlinSwap Phase 2 airdrop allocation proposal voting will end on July 1;
Blast Ecosystem Leverage Trading Protocol Particle will hold TGE on July 2;
Scroll will upgrade Curie on July 3, introducing DA compression to reduce on-chain gas fees
July 1
Exchange:
Binance will stop trading and delist all existing FET, OCEAN and AGIX spot trading pairs on July 1
Binance will support the merger of Fetch.ai (FET), Ocean Protocol (OCEAN), and SingularityNET (AGIX) into Artificial Superintelligence (ASI). All FET, OCEAN, and AGIX tokens will be exchanged for ASI tokens at the following ratio: 1 FET = 1 ASI; 1 OCEAN = 0.433226 ASI; 1 AGIX = 0.433350 ASI.
Binance will stop trading and delist all existing FET, OCEAN and AGIX spot trading pairs at 11:00 (ET8) on July 1, and will open ASI/BNB, ASI/BTC, ASI/BRL, ASI/FDUSD, ASI/TRY, ASI/USDC, ASI/USDT spot trading at 16:00 (ET8) on July 5.
Uphold will stop supporting various stablecoins starting July 1
New York cryptocurrency exchange Uphold announced that due to the upcoming Crypto-Asset Markets (MiCA) regulation in the European Economic Area (EEA) that will be implemented on June 30, the platform will stop supporting multiple stablecoins from July 1. The affected stablecoins include Tether (USDT), Dai (DAI), Frax Protocol (FRAX), Gemini Dollar (GUSD), Pax Dollar (USDP) and TrueUSD (TUSD). Uphold recommends that users convert the relevant stablecoins they hold before June 27 to avoid automatic conversion to USDC on June 28.
Project dynamics:
ETHFI DAO proposes to launch Season 3 on July 1, and plans to airdrop 25 million ETHFI to stakers
ETHFI DAO released the ether.fi launch Season 3 and airdrop token distribution proposal. The proposal stated that 25 million ETHFI tokens will be airdropped to eligible ether.fi stakers in the third season, and the distribution will be based on community participation indicators and participation levels.
According to the proposal information, the start date of ether.fi Season 3 is July 1, 2024, and the end date is early September 2024. The airdrop distribution will be carried out shortly after the end of Season 3, during which Perks Passport will be launched. This is a new participation incentive framework that rewards users for increasing their ether.fi loyalty points based on their participation in various DeFi activities and events, tracking their progress and achievements.
WEMIX will launch the Brioche hard fork on July 1, and the total supply of WEMIX tokens will be reduced by 60%
South Korean blockchain gaming platform WEMIX announced on its official website that the Brioche hard fork will be officially launched on July 1. The hard fork aims to introduce revised minting rules and enhanced WEMIX PLAY, while also incorporating blockchain technology into the "Legend of YMIR". The total supply of WEMIX will be limited to 588 million, a 60% reduction from the current maximum supply of 980 million. In addition, with the launch of the Brioche hard fork, the upgraded WEMIX token economics will destroy approximately 435 million WEMIX held by the foundation.
The ASI token merger plan will be implemented on July 1st, and the first phase will temporarily merge into FET tokens
The AI Superintelligence Alliance announced that the ASI token merger plan will be implemented on July 1, 2024. In the first phase, SingularityNET's AGIX and Ocean Protocol's OCEAN tokens will be temporarily merged into Fetch.ai's FET tokens, and then converted to ASI tokens. In preparation for this migration, deposits and withdrawals for AGIX and OCEAN will be closed on major exchanges, while deposits, withdrawals, and trading for FET will continue to operate normally. The migration will be carried out through the SingularityDAO dApp platform, and users can exchange 1 AGIX for 0.433350 FET and 1 OCEAN for 0.433226 FET. Ultimately, FET tokens will be uniformly converted to ASI tokens later, with a conversion rate of 1 FET equal to 1 ASI.
As reported earlier this month, Binance will support the merger of Fetch.ai (FET), Ocean Protocol (OCEAN), and SingularityNET (AGIX) tokens. It has been updated to remove OCEAN and AGIX spot trading pairs and stop trading at 11:00 (ET) on July 1, 2024.
io.net: Ignition Rewards Program Season 3 Claim Period to Start on July 1
io.net announced on the X platform (formerly Twitter) that the claim period for Season 1 and Season 2 of the Ignition Rewards Program will end at 11:00 UTC (19:00 Beijing time) on June 18, 2024. Users with eligible wallets must claim the corresponding rewards before the claim window closes, otherwise they will lose their eligibility to claim. In addition, the claim period for Season 3 will start at 13:00 UTC (21:00 Beijing time) on July 1, 2024.
dYdX: Starting July 1, DYDX monthly unlocking will be reduced from 33 million to 8.3 million
dYdX stated on the X platform that starting from July 1, 2024, the monthly unlocking of DYDX will be reduced from 33 million to 8.3 million, a 75% reduction.
Programmable privacy network Aleo to launch testnet beta validator incentive program on July 1
Programmable privacy network Aleo releases testnet Beta validator incentive program. The final incentive program before mainnet will run from July 1st to 15th and will target attesters on Testnet Beta. The goal of this incentive program is to validate the coinbase reward mechanism and the underlying puzzle. To do this, the Aleo Network Foundation will provide 1 million points to attesters. Each attester will receive mainnet points proportional to the testnet points they earned during the incentive period. The minimum reward is 1,000 mainnet points; any attester who earns less than this amount will not be eligible for rewards.
Opyn to launch perpetual contract protocol Opyn Markets, landing page to go live on July 1
DeFi protocol Opyn said on the X platform that it will launch the perpetual contract protocol Opyn Markets, which supports any asset and provides linear, stable and option-like perpetual contracts. The landing page of Opyn Markets will be launched on July 1.
Governance Voting:
MerlinSwap Phase 2 airdrop allocation proposal has started voting and will end on July 1
Merlin Ecosystem DEX MerlinSwap released a second-phase airdrop allocation proposal vote, which will end on July 1. The proposal includes using 2% of the total supply of tokens for airdrop rewards, with the specific allocation being: 20% to MerlinSwap IDO participants, 20% to users who purchase MP tokens totaling more than $100, and 60% to esMP supporters, of which esMP Stakers and Boosters have a slightly higher weight than esMP Solid holders. It was previously reported in March that MerlinSwap will allocate 2% of the supply of MP tokens in the second round of airdrops, totaling 420 million tokens.
Token unlocking:
Sui (SUI) will unlock approximately 64.19 million tokens at 8:00 am Beijing time on July 1, accounting for 2.65% of the current circulation, with a value of approximately US$50.7 million.
io.net (IO) will unlock approximately 7.5 million tokens at 9:00 pm Beijing time on July 1, accounting for 7.89% of the current circulation and worth approximately US$24 million.
DYDX (DYDX) will unlock approximately 8.33 million tokens at 8:00 am Beijing time on July 1, accounting for 3.12% of the current circulation, with a value of approximately US$11.3 million.
Maverick Protocol (MAV) will unlock approximately 36.4 million tokens at 8:00 am Beijing time on July 1, accounting for 14.56% of the current circulation and worth approximately US$9.6 million.
ZetaChain (ZETA) will unlock approximately 5.29 million tokens at 8:00 am Beijing time on July 1, accounting for 1.92% of the current circulation and worth approximately US$4.2 million.
Manta Network (MANTA) will unlock approximately 1.87 million tokens at 7:59 am Beijing time on July 1, accounting for 0.57% of the current circulation and worth approximately US$1.85 million.
Acala (ACA) will unlock approximately 27.43 million tokens at 3:00 pm Beijing time on July 1, accounting for 2.69% of the current circulation and worth approximately US$1.85 million.
July 2
Exchange:
Binance updates fiat trading market maker plan, starting July 2, order fee rebates will be issued based on liquidity performance
According to Binance’s announcement, Binance will update its fiat currency trading market maker program at 08:00 (ET) on June 25, 2024. The update includes the following main contents: JPY market will be added to the fiat currency trading market maker program; the qualification review of the new fiat currency market will take effect at the same time, and the market maker account will be evaluated weekly based on the new activity review mechanism; from 08:00 (ET) on July 2, 2024, the order fee rebate will be issued based on the liquidity performance of the market maker in the designated spot fiat currency market.
Project dynamics:
Blast Ecosystem Leverage Trading Protocol Particle will conduct TGE on July 2
Blast Ecosystem decentralized leveraged trading protocol Particle releases PTC token economics. TGE will be held at 18:00 (UTC+8) on July 2. The maximum supply of tokens is 200 million, of which 55% will be allocated to the community, 21% will be allocated to contributors, and 24% will be allocated to investors. The initial airdrop is 20 million tokens (about 18.2% of the community allocated tokens), which will be linearly vested in 24 months. Contributor and investor tokens will be locked for 6 months.
July 3
Project dynamics:
Scroll will upgrade Curie on July 3, introducing DA compression to reduce on-chain gas fees
Ethereum Layer 2 network Scroll announced that it will upgrade Curie on July 3, introducing data availability (DA) compression to reduce Layer 1 DA size and its related Gas fees, and also includes two transaction types: EIP-1559 and EIP-2930, as well as a basic fee model to stabilize Scroll's Gas fees. Scroll said that this upgrade will reduce the Gas fee on the Scroll chain by 2 times.
Ronin will be upgraded to Goda on July 3, covering Tripp and Aaron hard forks
Ronin announced that it is expected to perform a Goda upgrade at block 36052600 at 15:00 Beijing time on July 3. The upgrade includes Tripp and Aaron hard forks. The Tripp hard fork enables all validators to receive rewards by generating blocks every day, while the Aaron hard fork introduces the upgradeability of the Axie & Land smart contracts.
July 4
Policy supervision:
Insider: US SEC may approve Ethereum spot ETF as early as July 4
The U.S. Securities and Exchange Commission (SEC) may approve an Ethereum spot ETF as early as July 4, and negotiations between asset management companies and regulators have entered the final stage, according to Reuters, citing industry executives and other people familiar with the matter. Eight asset management companies, including BlackRock, VanEck, Franklin Templeton and Grayscale, are seeking SEC approval for the funds. They said the process of revising the offering documents has progressed to the point where only "minor" issues need to be resolved. A lawyer working with one of the issuing companies also said that only "final touches" remain and approval may not take more than a week or two. Bloomberg ETF analyst Eric Balchunas had previously expected the Ethereum spot ETF to be approved as early as July 2. The president of The ETF Store believes that the spot Ethereum ETF may still be launched before July 4; both Bloomberg analysts believe that the Ethereum spot ETF will be launched before July 4
The UK will hold an early general election on July 4, and the Conservative Party, which supports cryptocurrencies, may lose
The UK will hold an early general election on July 4, and the pro-cryptocurrency Conservative Party may lose. The Conservative Party is committed to making the UK a cryptocurrency center and promoting legislation to recognize digital assets as regulated financial services. In March of this year, British Prime Minister Sunak received members of the cryptocurrency community at 10 Downing Street and reiterated the cryptocurrency legislation plan. According to the latest polls, the opposition Labour Party is most likely to win the general election. The Labour Party has not yet expressed its position on crypto legislation, but the party hopes to make the UK a tokenization center and support the Bank of England's digital pound plan. Bloomberg reported that British cryptocurrency companies will turn their attention to the Labour Party, which is expected to win the UK general election on July 4.
Project dynamics:
Wormhole: W airdrop claim window will close at 07:59 on July 4
According to Wormhole’s official Twitter account, the Wormhole W airdrop claim window will close at 23:59 UTC on Wednesday, July 3 (07:59 Beijing time on the 4th).
July 5
Project dynamics:
The first phase of TAIKO token airdrop will end on July 5th
The first phase of the TAIKO token airdrop is now open, and eligible users can claim 5% of the initial TAIKO supply, about 50 million tokens. Eligible users include: Taiko proposers and provers; Taiko bridgers; Taiko users (including Galxe points holders); Taiko developers; GitHub contributors; Loopring community members. The claim period is from June 5, 2024 to July 5, 2024. Users need to first bridge some ETH to Taiko to pay the minimum gas fee, and then go to the Taiko claim page to connect the wallet and claim the tokens.
The fifth round of research proposals for the Sui Foundation will be collected on July 5
The Sui Foundation recently announced the winners of the fourth batch of Sui Academic Research Awards, including proposals from 20 top universities and research institutions around the world, covering multiple frontiers of blockchain technology. In order to promote the development of blockchain technology, the Sui Foundation has pledged to provide an additional $1 million in funding in 2024. The next round of proposal collection will end on July 5, 2024.
Token unlocking:
Galxe (GAL) will unlock approximately 3 million tokens at 8:00 am Beijing time on July 5, accounting for 2.60% of the current circulation and worth approximately US$6.6 million.
Liquity (LQTY) will unlock approximately 657,000 tokens at 8:00 am Beijing time on July 5, accounting for 0.68% of the current circulation and worth approximately US$560,000
Euler (EUL) will unlock about 54,000 tokens at 3:07 am Beijing time on July 5, accounting for 0.29% of the current circulation and worth about $240,000
July 6
No events yet
July 7
Token unlocking:
Ethena (ENA) will unlock approximately 14.89 million tokens at 3:00 p.m. Beijing time on July 7, accounting for 0.92% of the current circulation and worth approximately $7.6 million.
Hashflow (HFT) will unlock approximately 13.62 million tokens at 8:00 am Beijing time on July 7, accounting for 3.28% of the current circulation, with a value of approximately US$2.8 million.
