Arrangement: Fairy, ChainCatcher
Key news:
The U.S. Department of Labor will release the August non-farm payrolls report on September 6.
WazirX to hold first meeting on September 2 to discuss restructuring and suspension application
Circle will stop supporting USDC on Flow (Cadence) on September 3
Polygon plans to migrate MATIC to POL on September 4
Nigerian judge moves Binance money laundering case trial forward to September 2
Crypto advocacy group Stand With Crypto will tour several states in the U.S. starting September 4
Monday, September 2
Nigerian judge moves Binance money laundering case trial forward to September 2
According to Reuters, a Nigerian judge will advance the hearing of the money laundering case involving Binance and its two executives next week. The hearing originally scheduled for October 11 is now scheduled for September 2. Tigan Gambaryan, the wife of detained Binance executive Tigan Gambaryan, said earlier this month that Tigan Gambaryan has been detained in Nigeria since February and his health has deteriorated in prison.
DOGS will add two new token claiming options
DOGS officials posted on the Telegram channel that for users who have not yet claimed the token, two new claiming options will be added to the application on September 2:
Faster withdrawals with a small fee in DOGS;
Withdrawals are slower but free of charge.
Users can choose the method that best suits them to receive DOGS, which will speed up the process with less blockchain load.
Upbit will support the migration of MATIC and replace it with POL, and will suspend its deposit and withdrawal on September 2
According to the official announcement, Upbit will support the migration and replacement of MATIC with POL, and it is expected to suspend its deposit and withdrawal at 17:00 on September 2. After the token migration and replacement are completed, once the deposit and withdrawal are confirmed to be stable, a separate announcement will be issued to announce the resumption of service.
WazirX to hold first meeting on September 2 to discuss restructuring and suspension application
WazirX tweeted that it plans to hold its first Townhall meeting at 16:00 on September 2 to discuss the restructuring and moratorium application.
Earlier news, Indian crypto trading platform WazirX has filed a moratorium application with the Singapore High Court. WazirX expects that according to the planned restructuring, the impact of the cyberattack will be distributed proportionally to users of the same level as unsecured creditors, and users will receive a share of the available token assets related to the platform, proportional to their share.
Binance will stop the 7-day and 30-day fixed-rate lending services on September 2
According to the official announcement, based on the latest evaluation results, Binance will stop the 7-day and 30-day pledge loan fixed-rate services at 12:00 on September 2, 2024 (Eastern Time Zone 8).
Starting at 12:00 ET on September 2, 2024, users will not be able to create new fixed-rate collateralized loan orders or extend existing orders, including users using the SAPI endpoint, and it is recommended that users stop using the relevant endpoint before the above date. Ongoing fixed-rate collateralized loan orders will not be affected until the order expires.
Note: VIP loan periodic interest rate orders are not affected by this service update.
Tuesday, September 3
Trump to release new book 'Saving America' on September 3
According to Axios, Trump announced the release of his new book "Saving America" and used the photo taken when he was assassinated as the cover. It is reported that the book will be published on September 3.
Circle will stop supporting USDC on Flow (Cadence)
According to official news, due to the upcoming network upgrade, Circle will stop supporting USDC on the Flow (Cadence) blockchain at 3 am (EST) on September 3, 2024.
Minting of USDC on Flow will continue until noon (ET) on August 27, 2024.
Binance plans to update request weight adjustment and WebSocket user data request on September 3
According to the official announcement, Binance will update the request weight adjustment and WebSocket user data request at 14:00 (Eastern Time) on September 3, 2024. Binance encourages users to switch to the updated version endpoint for better performance and functionality.
Offchain Labs announces Arbitrum technical roadmap: Stylus Season to be launched on September 3
Layer 2 scaling solution Arbitrum announced that they have updated the look and feel of their official website in preparation for the launch of "Stylus Season" on September 3. Stylus is a new feature of Arbitrum, and the website provides development libraries and code samples, documentation and video tutorials, and user experience sharing.
Wednesday, September 4
Crypto advocacy group Stand With Crypto will tour several states in the U.S. starting September 4
Crypto political advocacy group "Stand With Crypto" will launch a multi-state tour on September 4 to influence the 2024 election, starting with Arizona. The organization has attracted more than 1 million people to register online, with the goal of converting these digital asset supporters into voters.
“There are a huge number of people interested in cryptocurrencies, and our mission is to use campaign-like strategies to motivate them to vote,” said Logan Dobson, the group’s executive director. “Crypto voters are already quite enthusiastic about this election.”
It is reported that "Stand With Crypto" has attracted nearly 27,000 Arizona crypto supporters to register on its website, and the organization's research shows that more than 80% of them may be registered voters. In the 2020 election, the difference between Trump and Biden in the state was less than 11,000 votes.
Options Protocol Lyra Now Rebranded to Derive, Will Release DRV Token Update on September 4
The options protocol Lyra announced that it has changed its name to Derive, which represents its vision for decentralized derivatives and future development path.
Derive is now a fundamental component of the decentralized financial ecosystem, providing financial applications and product support to a variety of integrators, traders, and institutions. The goal is to make protocols and infrastructure easily accessible.
In the coming weeks, Derive will share roadmap, partnerships, and updates on the DRV token on September 4th.
Polygon plans to migrate MATIC to POL on September 4
The Polygon Foundation announced on the X platform that Polygon's mainnet upgrade is scheduled for September 4, 2024. After community approval, POL will replace MATIC as the native gas and staking token of Polygon PoS. In the subsequent stages, POL will play a key role in the AggLayer.
Thursday, September 5
BabyDoge tokens on Solana are expected to be launched on September 5th
Baby Doge announced at X that the Solana bridge and the BabyDoge token on Solana are expected to be launched on September 5th.
THORChain native blockchain will undergo a hard fork upgrade on September 5
The THORChain native blockchain will undergo a hard fork upgrade at 0:00 Beijing time on September 5, 2024, and is expected to be carried out at block height 17561740.
THORChain will suspend sending, redemption, and other operations while validators coordinate routine upgrades.
September 6 (Friday)
Matrixport: The market is about to respond to the US employment data released on September 6
Matrixport released a chart saying that Bitcoin is about to face its most challenging month, September. It said that historically, September has negative returns. This year has added additional pressures, including expectations for the outlook for the US technology industry after Nvidia's earnings forecast, the Federal Reserve's policy decisions, and the upcoming US presidential election debate (with Harris versus Trump). This September will have a significant impact on Bitcoin's price trend. From the end of 2022 until the second quarter of 2024, there is a strong correlation between Nvidia and Bitcoin. However, the recent rebound in artificial intelligence has led to a sharp rise in Nvidia's stock, but Bitcoin has not kept up. Both asset prices are breaking new lows, indicating a deeper consolidation. The market is about to respond to the US employment data released on September 6.
Switzerland launches consultation on implementation of global cryptocurrency reporting framework, deadline September 6
The Swiss Federal Council plans to adopt global cryptocurrency tax reporting standards and join the Crypto Asset Reporting Framework (CARF) to enhance tax transparency and strengthen supervision. The move is intended to ensure that crypto assets are treated equally with traditional assets. On May 15, the Federal Council published a consultation paper seeking public opinion to assess the views on joining the Automatic Exchange of Information (AEOI), an international cooperation to combat tax evasion. The consultation process will last until September 6. Switzerland has adopted the Common Reporting Standard (CRS) developed by the Organization for Economic Cooperation and Development (OECD) since 2014, but it does not yet cover crypto assets. If implemented, the Federal Council's plan will be expanded to include the regulation of crypto assets from January 1, 2026. In addition, by 2027, it is expected that nearly 50 countries will fully adopt CARF regulations to jointly help combat money laundering.
Mode will close its governance token airdrop on September 6
The second phase of token claims for Mode, an L2 network built on OP Stack, will run from May 5 to September 6, during which an additional 500 million tokens will be distributed. The team also released other details about its token economics. Investors and core contributors will receive 38% of the total supply of 10 billion Mode tokens. The foundation treasury will hold 27%, and the remaining 35% will be reserved for community and developer airdrops.
Saturday, September 7
Eigen Foundation launches the second phase of EIGEN staking airdrop, the claim window will be open until September 7
The Eigen Foundation announced on social media that the second phase of the first season EIGEN staking airdrop has officially started. The addition of the second phase brings the total allocation for the first season to approximately 113 million EIGEN, which accounts for 6.7% of the 15% total EIGEN supply reserved for staking airdrops.
According to the announcement, the claim period is from now until September 7, 2024, and all Season 1 users (including Phase 2 users) will receive a 100 EIGEN reward, but no user will receive the reward twice.
