News preview:
Due to the dYdX Chain v4.0 software upgrade, there will be approximately 1 hour of network delay or downtime on April 8th
Aevo has opened airdrop eligibility inquiries, and the airdrop plan will be open for application on April 10
Coinbase to Launch Ordinals and Worldcoin Perpetual Futures Contracts on April 11
Decentralized AI data network Masa Network will launch the mainnet and launch MASA tokens at 20:00 Beijing time on April 11
Aptos (APT) will unlock approximately 24.84 million tokens at 3:59 pm Beijing time on April 12, accounting for 6.24% of the circulation, worth approximately US$326 million
Anza to release Solana validator client Agave fix next week to address Solana network congestion
April 8
Exchange:
London Stock Exchange announces that it will begin accepting applications for listing of Bitcoin and Ethereum ETNs starting April 8
The London Stock Exchange (LSE) issued market announcement N03/24, announcing that it will accept listing applications for Bitcoin and Ethereum cryptocurrency exchange-traded notes (Crypto ETNs) from April 8, 2024. This measure follows up on the N02/24 announcement issued on March 11, and it is expected that the first batch of cryptocurrency ETNs will be officially listed and traded on May 28, 2024. This move is aimed at attracting the largest number of issuers to participate in the first day of trading. Issuers must submit the corresponding application materials to the exchange before April 15 and ensure that their basic prospectus is approved by the Financial Conduct Authority (FCA). The London Stock Exchange also specifically pointed out that issuers who fail to meet the listing requirements or submit applications overdue will not be able to participate in the first day of trading.
Binance suspends CKB withdrawal service on Nervos Network, expected to resume on April 8
Due to the active issuance of new assets on the RGB++ protocol, the network is currently experiencing issues. Binance has suspended withdrawals for CKB on the Nervos Network. The expected recovery time is 08:00 on April 8.
Bitget will launch the first PoolX mining project ChatAI on April 8
Bitget is about to launch the first phase of PoolX, which is a new staking mining platform launched by Bitget. Staking designated currencies can earn popular tokens. Each phase of PoolX will have one or more staking mining pools, and tokens will be distributed every hour according to the proportion of user staking. The first mining project is ChatAI (CHATAI), which is an AI-driven social and gaming platform deployed on SOLANA. The first phase of PoolX will open BGB and USDT prize pools, of which the total BGB prize pool is 250,000 CHATAI, and the upper limit of individual staking is 10,000 BGB; the total USDT prize pool is 250,000 CHATAI, and the upper limit of individual staking is 10,000 USDT. The opening time of this phase of PoolX is from 16:00 on April 8 to 16:00 on April 18 (UTC+8).
Project dynamics:
Due to the dYdX Chain v4.0 software upgrade, there will be approximately 1 hour of network delay or downtime on April 8th
dYdX Ops SubDAO said on the X platform that due to the deployment of the dYdX Chain v4.0 software upgrade, the network will experience delays and potential downtime between 4:00 pm and 5:00 pm Beijing time on April 8 (time may change). It also reminded that dYdX Chain validators using tmkms or Horcrux need to update to the latest version of the corresponding tool before upgrading the block height. Earlier news, the dYdX community has voted to upgrade the dYdX Chain protocol software to version v4.0. It is reported that this version upgrade will affect the protocol and network including: adding x/authz modules, IBC withdrawal restrictions, conditional order improvements, Cosmos SDK v0.5 upgrade, etc.
EigenLayer will upgrade the mainnet smart contract on April 8, and the mainnet App may suspend service for 24 hours
EigenLayer tweeted that it will upgrade the mainnet smart contract on April 8. At that time, the EigenLayer mainnet App may suspend service for up to 24 hours. To avoid delays in fund withdrawals, EigenLayer recommends that users complete all pending withdrawal requests before April 8. EigenLayer said that except for early withdrawals, this upgrade does not require users to perform other operations.
Criminal trial of Mango Markets attacker to begin on April 8
Lawyers representing the Mango Markets attackers have convinced a judge to postpone the fraud trial until April 8, 2024. Avraham Eisenberg’s fraud trial was originally scheduled to begin on December 4 last year, but according to his lawyers, several circumstances affected his trial preparations, and they filed a successful motion for continuance with District Court Judge Arun Subramanian on November 2.
CyberConnect airdrops ZK tokens for CYBER stakers, claims close on April 8
The decentralized social network protocol CyberConnect announced on the X platform that its first CyberStaking ecosystem airdrop is now online, and will airdrop 333,333 ZK tokens (approximately US$890,000 at the current price) to CYBER stakers. The claim period ends at 14:00 on April 8, 2024.
Governance Voting:
Chainge DAO launches a proposal to "accept $13 million investment from an investment institution", and voting will end on April 8
Chainge Finance, a cross-chain liquidity protocol, has launched a "$13 million capital investment proposal" in the DAO and is accepting votes. The proposal requests the DAO to approve a "well-known investment group" to inject $13 million. As a result, 50 million XCHNG tokens from the investment allocation will enter circulation, equivalent to about 10% of the current circulating supply. The proposal reads: "This investment will enhance the use of Chainge's products and services, enabling it to ensure at least $1 million in profits in the second quarter." If approved, Chainge will coordinate in detail with venture capital institutions to oversee the precise management of token circulation. After waiting for DAO approval, the details of the investment will be advanced and the specific arrangements and plans will be detailed. The voting for this proposal will end on April 8, and the current support rate is 100%.
April 9
Project dynamics:
BNB Chain launches the "Meme Innovation Battle" with a maximum prize pool of $1 million. Registration ends on April 9
BNB Chain officially announced the launch of the "Meme Innovation Battle" event, inviting developers and creators around the world to showcase their creativity and compete for a total prize pool of up to $1 million. Participants must complete registration before 23:59 UTC on April 9, and the competition will start on April 10 and last until 23:59 UTC on May 9.
The prize pool for this event will be dynamically determined based on the total transaction volume of participating Meme tokens, and the top 10 winners will be announced between May 10 and 15. The final rewards will be distributed to the winners' wallet addresses within 3 weeks after the end of the event.
SPACE ID will airdrop 200,000 ZK to Premier Club members, and will be available for redemption on BNB chain on April 9
Decentralized domain name protocol SPACE ID announced on the X platform that 200,000 ZK will be airdropped to SPACE ID Premier Club members. The snapshot was taken at 16:00 on April 4th, Beijing time, and ZK redemption on the BNB chain will be open at 16:00 on April 9th, Beijing time.
Rivus DAO: RIVUS token will be launched at 4 am on April 9
Rivus DAO announced that its token RIVUS will be launched at 4:00 am on April 9th, Beijing time. Previously, Rivus DAO has raised $4.23 million through the Liquidity Bootstrapping Pool (LBP), and its FDV is $57.12 million based on the closing price. It is reported that Rivus DAO aims to unlock DeFi on AI protocols/ecosystems by providing LSD services to blockchains such as Bittensor (TAO). Rivus DAO provides a liquid mortgage solution using rsToken, and users can receive staking rewards while staying on DeFi native networks such as Ethereum.
Lightweight blockchain protocol Mina to undergo Devnet upgrade on April 9
Mina Foundation said on X Platform that the Devnet upgrade date for the lightweight blockchain protocol Mina is scheduled for April 9. Mina's Devnet upgrade is the last milestone before the major Berkeley upgrade, which will bring simpler ZK programmability and other key features to the mainnet. The timing of the mainnet upgrade depends on the results of the Devnet upgrade and any necessary improvements found. Here is the full timeline:
April 2: Archive Node Migration Tool released. Archive Node operators can initiate initial archive node migrations.
April 3: Build is released with detailed instructions, marking the start of node upgrades.
April 9: Devnet upgrade, operators should prepare to transition their nodes to the Berkeley version.
SynFutures launches $500,000 trading prize, and will conduct trading and the first snapshot of LP mining on April 9
SynFutures, a decentralized perpetual futures exchange, announced the launch of the Trading Grand Prix trading competition with a prize pool of 500,000 US dollars. The first round of the competition will be divided into two sessions: open and master. The open competition will be rewarded based on the weekly trading profit ranking, and the master competition will be composed of crypto community leaders such as CL and KBM. At the same time, based on the previous LP points, SynFutures has launched a trading point mining activity. In addition to Blast Points & Gold, Takers will also receive SynFutures points. The first snapshot will be held on April 9, including trading points and the LP points launched in the early stage, which can be converted into non-circulating tokens every week. The activity is expected to last no more than 3 months.
April 10
Policy supervision:
Thailand to finalize details of digital wallet plan on April 10
The Deputy Minister of Finance of Thailand said that the Thai Digital Currency Committee will hold a meeting on March 27. Thailand will finalize the details of the digital wallet plan on April 10. It is expected that the registration of digital wallets in Thailand will be carried out in the third quarter, and the Thai government will start implementing the cash distribution part of the digital wallet plan in the fourth quarter. It is reported that the "digital wallet" is an important policy in the Pheu Thai Party's campaign and is regarded as a top priority of the stimulus measures promised by the Thai Prime Minister Srettha Thavisin, including approving the farmers' debt extension plan and raising the minimum wage.
Project dynamics:
Binance NFT will no longer support any airdrops, benefits or applications related to Bitcoin NFT from April 10
Binance NFT will stop supporting trading and deposits of Bitcoin NFTs at 14:00 (ET) on April 18, and users will not be able to purchase, deposit, bid, or list NFTs on the Binance NFT market through the Bitcoin network. Users are advised to withdraw their Bitcoin NFTs from Binance NFT through the Bitcoin network before 8:00 (ET) on May 18. In addition, the Binance NFT market will no longer support any airdrops, benefits, or applications related to Bitcoin NFTs after April 10.
Aevo has opened airdrop eligibility inquiries, and the airdrop plan will be open for application on April 10
Options trading platform Aevo announced that it will airdrop a total of 30 million AEVO tokens to users. It has opened airdrop qualification inquiries and plans to open applications on April 10, 2024. Unclaimed airdrops will be recovered after 6 months. Eligibility considerations include trading volume, participation in farm boost activities, aeUSD balance, first transaction on Aevo, and active use of Aevo. Aevo aims to reward original users, collateral experimenters, and real trading activities, while punishing abuse of forward options and wash accounts. Non-Aevo traders also have the opportunity to obtain farm boosts through trading activities on other derivatives DEXs to earn more AEVO when trading on Aevo. Aevo plans to launch new trading incentive activities in the future to encourage more AEVO to be obtained through staking and trading.
Web3 social app Phaver launches Phaver-Up NFT, opens whitelist minting on April 10
Phaver, the leading social app on Lens Protocol, announced today that it is rewarding a few lucky users who exceed 50,000 weekly active users with the first native on-chain reward, Phaver-Up NFTs. Benefits for Phaver-Up NFT holders include top Cred and Points rewards on Phaver, exclusive features and a community of holders, and access to special Phaver Alpha benefits and news. Phaver-Up’s Genesis NFT has partnered with Magic Eden and is releasing a limited edition of 2,000 free, tradable, ERC-721 NFTs on Polygon. Whitelisted users will be able to mint NFTs on Magic Eden weekly, in addition to airdrops to key contributors and winners of the weekly Phaver Points auction, marking the first time phaver points can be redeemed outside of the app for rewards. The first batch of Phaver-Up NFTs will be airdropped to the Phaver-connected wallets of some early contributors, and whitelisted users will also be able to mint the first batch on Magic Eden on April 10th. Users will be notified of whitelist eligibility via a push notification in the Phaver app one day in advance. The only place to mint NFTs is Magic Eden.
Governance Voting:
SushiSwap proposes to move assets from a vault controlled by the DAO to a new Sushi Labs, with voting closing on April 10
A new governance proposal for SushiSwap suggests transferring assets from a treasury controlled by the "DAO" to a new "Sushi Labs" and ensuring that all future airdrops go directly to "Sushi Labs" rather than the "DAO." The proposal would transfer what is effectively the entire treasury assets of the project to the new entity. However, the proposal also appears to include assets that are not included in the "treasury" wallet listed on the SushiSwap governance page. In fact, the proposal lists 168 ETH and 1,228 ETH, but the associated wallet appears to contain only 168 Ether. Additionally, the wallet does not appear to contain any Dai or WBTC mentioned in the proposal. In addition, the proposal also aims to "give Sushi Labs full and exclusive operational responsibility for core product development."
This comes just over a month after Naïm Boubziz (formerly associated with SushiSwap) pointed out on the X platform that the SushiSwap governance forum had been deleted. Subsequently, a change was made to the DAO so that only core team members could create new proposals. This change apparently included the removal of snapshot voting, which posed a challenge to the Sushi team's treasury management. Recently, Boubziz criticized the new proposal again on the X platform, saying that the proposal aims to "destroy the DAO." The current signal vote on the proposal shows that approximately 72% of participants voted "no", and the vote will last until April 10.
April 11th
Coinbase to launch Ordinals and Worldcoin perpetual futures contracts on April 11
Coinbase International Exchange and Coinbase Advanced will add support for Ordinals (ORDI) and Worldcoin (WLD) perpetual futures contracts. ORDI-PERP and WLD-PERP markets will be open on or after 17:30 Beijing time on April 11, 2024.
Upbit: Due to the Filecoin network upgrade, FIL deposits and withdrawals will be suspended at 17:00 on April 11
Due to the Filecoin network upgrade, Upbit will suspend FIL deposits and withdrawals at 17:00 Beijing time on April 11. After the FIL network upgrade is completed, if its stability is confirmed, deposits and withdrawals will be resumed, and the specific time will be announced separately.
Project dynamics:
The Starknet Goerli testnet will be deprecated on April 11, encouraging users and developers to migrate to the Sepolia testnet
The Starknet Goerli testnet will be deprecated on April 11, and users and developers are encouraged to migrate to Starknet Sepolia. After migration, Starknet Sepolia tokens can be obtained by using Sepolia StarkGate to cross from L1 or by utilizing Sepolia Faucets.
Masa will launch the mainnet and launch the MASA token on April 11
The decentralized AI data network Masa Network posted on Twitter that it will launch the mainnet and launch the MASA token at 20:00 Beijing time on April 11. The MASA token will be launched simultaneously on Ethereum, BNB Chain and Masa network (dedicated Avalanche subnet).
PlayDapp plans to launch mainnet via Avalanche subnet on April 11
Blockchain gaming platform PlayDapp announced plans to launch its mainnet through the Avalanche subnet on April 11 to expand its Web3 business. After the mainnet is launched, PlayDapp will no longer support existing public chains, but will operate an independent chain with self-verified nodes as the mainnet to load various Web3 game projects and expand the ecosystem. At the same time, it will also be committed to supporting various game projects to be loaded onto the PlayDapp mainnet and enable users to participate in staking, voting, and NFT transactions on the mainnet.
Token unlocking:
Moonbeam (GLMR) will unlock approximately 3.04 million tokens at 8:00 am Beijing time on April 11, accounting for 0.36% of the circulation, worth approximately $1.27 million
Euler (EUL) will unlock approximately 76,700 tokens at 9:27 pm Beijing time on April 11, accounting for 0.41% of the circulation, worth approximately US$400,000
1inch (1INCH) will unlock about 214,000 tokens at 8:00 am Beijing time on April 11, accounting for 0.02% of the circulation, worth about $116,000
April 12
Project dynamics:
Arbitrum to hold Security Council elections on April 12, 22 nominees advance
The election of Security Council members will begin on April 12. The nominee selection phase ended on March 29, and 22 candidates have received enough pledged votes (at least 0.2% of all votable tokens) to serve as candidates for the member election phase once they pass the compliance check. The Arbitrum Foundation is currently conducting compliance checks on the 22 qualified nominees until April 12 to ensure that the candidates meet the legal requirements, service agreement, and other rules stipulated in the constitution.
AI node staking public chain ALIENXAI will launch node public sale on April 12
ALIENX, the first staking blockchain driven by AI nodes, officially announced its AI Node sales roadmap and opened whitelist applications. The number of node whitelist application addresses reached 38,521 in 24 hours. AI Node is the AI observation node of the ALIENX blockchain. It runs through the AGENT combined with AI technology and will receive up to 40% of the network token rewards. The AI node sales will be carried out in 2 rounds. The whitelist round sales will be launched at 18:00 on April 10, with a whitelist share of 25%. ALIENX ecosystem partners, investors, early community participants and ecosystem Pass users can obtain whitelist allocations. The public sale round will be launched at 18:00 on April 12.
CyberConnect Launches $2 Million Ecosystem Grant Program, First Round of Applications Closes April 12
Decentralized social network protocol CyberConnect announced the launch of the Ecosystem Grant Program, which plans to invest $2 million worth of CYBER tokens. Nominations for the Grant Committee are now open, and the first round of applications will start on April 1 and end on April 12. The winner will be announced on May 3.
Token unlocking:
Aptos (APT) will unlock approximately 24.84 million tokens at 3:59 pm Beijing time on April 12, accounting for 6.24% of the circulation, worth approximately US$326 million
April 13th
None
April 14th
None
Specific time to be determined
Project dynamics:
Jupiter plans to carry out a comprehensive and large-scale infrastructure upgrade next week to address network congestion and other issues
Jupiter, a Solana ecosystem trading aggregator, said on the X platform: "Due to recent congestion issues and a surge in new tokens, it was impossible to open the required accounts within a few days, which delayed the launch of new markets. We have resolved the backlog and plan to make major upgrades to our backend systems starting next week to handle congestion and expansion issues more efficiently." Jupiter co-founder Meow also said: "Starting next week, we will carry out a comprehensive large-scale infrastructure upgrade to cope with network congestion, market surges, and a large number of token frauds and scams."
ether.fi: Second Liquid Vault to be launched next week
The non-custodial liquidity pledge agreement ether.fi announced that it will launch its second Liquid Vault next week, a USD market neutral strategy. According to DefiLlama data, the total locked value (TVL) of ether.fiLiquid has exceeded $300 million and is currently about $348 million, making it the largest single DeFi strategy vault.
friend.tech plans to launch a new registration process next week, no longer restricting account linking to X platform
friend.tech announced on the X platform that linking the X platform to a friend.tech account will become optional from next week, and new users will also be able to select any unclaimed username when registering. If you want to purchase the keys of your Twitter friends, you need to start checking the Twitter username displayed separately on your profile. Friend.tech said that this update adjustment is mainly based on two reasons: 1. The friend.tech V2 version will be open to audiences outside of Twitter; 2. If existing users want to receive their on-chain points on the new account, the optional link option allows existing users to link their Twitter to the new account before the V2 version is released. After the new registration process is released, friend.tech will provide further explanations through the X platform and its applications.
Solana on-chain AI concept project gm.ai will start Beta testing as early as next week
The gm.ai Foundation, a Solana AI concept project launched by Whales Market founder Dexter, has proposed a set of token economics, including 55% of the token supply allocated to the community (unlocked within 8 years), 20% for pre-sale (unlocked at TGE), 10% owned by the foundation (unlocked within 6 years), and 15% for liquidity and airdrops. Detailed token economics will be released next week. Beta testing of the project may start as early as next week.
Aave-Chan Initiative founder: Aave community will launch temperature check vote on “fee switch” proposal next week
According to a post on the X platform by Marc Zeller, founder of the Aave-Chan Initiative, the Aave community may be about to vote on whether to turn on the "fee switch" and distribute fees to holders. Zeller wrote that a temperature check will be conducted next week to activate the "fee switch," while noting that Aave DAO's current net profit totals approximately $60 million per year, reflecting five years of operating costs. If Aave DAO chooses to activate fees, they will follow the example of decentralized stablecoin protocol Frax Finance, which recently voted in favor of a proposal to re-implement its own fee switch. Meanwhile, decentralized exchange Uniswap is in the final stages of preparation for its fee switch proposal, which is expected to be launched in mid-April after a successful temperature check.
Anza to release Solana validator client Agave fix next week to address Solana network congestion
Anza, a development company spun off from Solana Labs, said on the X platform that it plans to release a fix for the validator client Agave next week to solve the Solana network congestion problem. After working with core contributors to analyze the root causes of Solana network congestion and evaluating multiple potential changes, it has made significant progress and is expected to start releasing fixes next week. In addition, the Anza team tested a patch for the current network congestion yesterday. The core problem is related to the QUIC implementation and the behavior of the Agave validator client when processing a large number of requests. The team will launch more improvements and changes in the coming months.
Solana Ecosystem NFT Marketplace Tensor to Release Token Economics and Governance Documents Next Week
The Tensor Foundation, the NFT marketplace for the Solana ecosystem, tweeted that Season 3 has ended and participants will receive a corresponding number of treasure chests based on their use of the Tensor protocol. All treasure chests from the first three seasons will be available on April 8, and the official announcement will be released on the same day. The treasure chests contain the Tensor governance token TNSR. The token economics and governance documents will be announced during the claim period next week. Meanwhile, Season 4 is now open.
