Take a look at the most noteworthy industry events and important project developments in the coming week.
StarkWare will announce AI projects under development.
Hong Kong may open Bitcoin spot ETF trading.
Safe tokens SAFE will be transferable from April 23rd.
Southeast Asia Blockchain Week was held in Bangkok, Thailand from April 22 to 28.
YGG worth approximately $15.71 million was unlocked on April 27.
This week (April 22 - April 29, 2024) Web3 events are not to be missed. The following is a preview of this week’s highlights:
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important events
The U.S. Securities and Exchange Commission (SEC) document stated that Ripple should submit a response to the SEC's judgment by April 22, 2024. The SEC has asked a New York judge to impose a fine of $1.95 billion on Ripple Labs. The case began in December 2020, when the SEC filed a lawsuit against Ripple Labs and its executives, accusing them of violating federal securities laws by selling XRP to institutional and retail customers. Last July, New York Judge Analisa Torres ruled that the sale of XRP on exchanges and through algorithms did not violate U.S. law, and only Ripple's institutional sales of XRP violated U.S. law.
The StarkWare Exploration team is working with decentralized AI project Giza to create a new artificial intelligence project, which will be announced at the Starknet event in Berlin on April 23.
On April 15, several Hong Kong fund companies announced that their Bitcoin and Ethereum spot ETF applications were approved. Previously, people familiar with the matter said that according to Hong Kong procedures, after the Securities and Futures Commission approved the first batch of Bitcoin spot ETFs on the 15th, the Hong Kong Stock Exchange would need about two weeks to prepare for product listing and other matters. However, the entire Bitcoin spot ETF project has been communicated in detail with the Hong Kong Stock Exchange in advance, and it is expected to be completed in about ten days. The Hong Kong Securities and Futures Commission plans to open Bitcoin spot ETFs for listing and trading in Hong Kong on April 25, or at the end of April at the latest.
Project Progress
This week’s progress on projects related to the airdrop activity includes:
Synthetix will issue PYTH airdrops to governance users, and eligible users must fill out the form before April 22. The airdrop conditions are users who have engaged in any of the following activities in the past year: speaking in the SNX Discord governance channel; creating or voting on SIP/SCCP; serving the Synthetix DAO entity; participating in the Synthetix election.
Merlin ecosystem DEX MerlinSwap will start the esMP staking party at 14:00 on April 22, Beijing time, and end at 14:00 on May 21. Users can stake esMP tokens and participate in the 2% airdrop allocation in the second phase of MerlinSwap.
The second airdrop of QnA3.AI, an AI-driven Web3 knowledge sharing and search platform, will be open until 20:00 on April 24. 5 million tokens will be available for claiming by 200,000 BNB and Solana chain users. Users who have claimed points on BNB Chain before the March 15 snapshot are eligible to claim, and Solana users who are active before March 31 will receive the airdrop.
Cellula and BNB Chain are jointly participating in the airdrop alliance event to distribute CELL token rewards. The event will end on April 28. During this event, Cellula will distribute a total of 1.1 million CELL to all eligible users.
The first phase of the points reward plan for Solana-based DePIN protocol io.net will last until April 28, and points inquiry is now open. Officials said that the plan will reward points based on the user's provision of GPUs to the network. The reward algorithm will take into account a series of factors, including the number of hours of work completed, node bandwidth, GPU model, and uptime.
