News preview:
Aptos (APT) will unlock approximately 11.31 million tokens at 2:00 a.m. Beijing time on May 13, accounting for 2.64% of the circulation, worth approximately US$96 million;
Aevo (AEVO) will unlock approximately 827 million tokens at 3:59 pm Beijing time on May 15, accounting for 752.36% of the circulation, worth approximately US$1 billion;
Cosmos Hub plans to implement Gaia v16 software upgrade on May 15
FTX Digital Markets Ltd tells customers and non-customer creditors to submit electronic claims by May 15
Immutable's mobile RPG Guild of Guardians launches on May 15
Arbitrum (ARB) will unlock approximately 92.65 million tokens at 9:00 pm Beijing time on May 16, accounting for 3.49% of the circulation, worth approximately US$92 million;
NOT tokens are expected to be launched on Binance and OKX at 20:00 Beijing time on May 16, 2024;
LayerZero launches a self-reporting program for Sybil activities. If Sybil addresses self-report the relevant addresses on the designated page, they will receive 15% of the expected allocation without answering any questions. The deadline is May 17th.
May 13
Exchange:
Binance launches its 54th Launchpool project Notcoin, mining will start on May 13
Binance announced the launch of its 54th Launchpool project Notcoin (NOT), a community token designed to introduce users to Web3 through a click-to-earn mechanism. Users can deposit BNB and FDUSD into different staking pools and earn NOT tokens through mining over three days. The mining activity will start at 08:00 on May 13, 2024, Beijing time.
OKX Jumpstart will list NOT(Notcoin), mining will start on May 13
TON holders can stake TON to mine NOT tokens, with each person staking up to 4,000 TON. The Jumpstart mining will start at 14:00 on May 13th, Beijing time, and will last for 3 days. Notcoin is a community token of TON, which is widely spread through a game on Telegram, which already has 35 million players. The current stage of the project focuses on building an ecosystem around NOT, including a game platform and Web3 project exploration tools.
Project dynamics:
The next zkSync upgrade will be launched on May 13th, including many new features
Ramon, head of product delivery at Matter Labs, announced on the platform that the next upgrade of zkSync will be launched on May 13. New features will include the introduction of P256Verify precompilation to support secp256r1 elliptic curve signature verification, and the addition of ecAdd, ecMul, and ecPairing precompilations. At the same time, the Bridgehub component will enable interoperability of the ZK Stack chain. In addition, support for ZK Stack's Validiums, custom data availability layers, and custom base tokens has also been completed and will be officially available with the upcoming server update. The new upgrade will also support .transfer/.send calls without Gas fees, solving some contract deployment issues.
Avail starts the second phase of airdrop application, which will end at midnight on May 13th
Polygon's modular blockchain project Avail said on the platform that it has opened the second phase of airdrop claims. In order to reward the Avail community, the second phase will launch rewards for multiple groups, including: providing rewards for more Clash of Nodes participants and rewards for Polygon PoS Liquid Stake protocol users. The event will last from now until 00:00 on May 13th, Beijing time.
BounceBit mainnet will be launched on May 13, and points airdrop will be carried out simultaneously
On May 13, the BounceBit mainnet will be officially launched, and at the same time, the BB points airdrop will be automatically distributed to each eligible wallet, without the need for users to perform additional operations. In addition, the BB Megadrop event on the Binance platform will end on the same day, and the rewards will be distributed before trading begins.
Token unlocking:
Aptos (APT) will unlock approximately 11.31 million tokens at 2:00 a.m. Beijing time on May 13, accounting for 2.64% of the circulation, worth approximately US$96 million;
Governance Voting:
The new proposal of the DODO community proposes to migrate the DODO liquidity pool on Ethereum to DODOchain. The voting will end on May 13.
The DODO community has opened a vote on the proposal to "migrate the DODO liquidity pool on Ethereum to DODOchain", which will end on May 13. The proposal states that with the launch of the DODOchain mainnet, DODO DEX will leverage DODOchain and DODO Trade Hub to develop into Omni Trading DEX. In order to promote this growth and meet the demand for exchanging DODO tokens with multi-chain assets, the proposal proposes to close the DODO liquidity pool on Ethereum and migrate it completely to DODOchain. This migration will enable users to contribute liquidity to the DODO pool on DODOchain and receive token rewards as LPs.
May 14
Exchange:
Project dynamics:
Bounce Brand to Launch Bounce M&A on May 14
Decentralized auction platform Bounce Brand tweeted that Bounce M&A will be launched at 9:00 Beijing time on May 14. Users will be able to mint new synthetic tokens and merge three tokens into one synthetic token.
OpenAI will launch a global live broadcast at midnight on May 14, but will not release GPT-5 and AI search engine
OpenAI announced on Friday that it will livestream some demonstrations about ChatGPT at 10:00 Pacific Time on Monday, May 13 (1:00 a.m. Beijing Time on May 14). Sam Altman quoted the above news on the X platform and said that GPT-5 and AI search engine will not be released next Monday. Judging from the announcement, OpenAI will focus on the update of the chatbot ChatGPT and its artificial intelligence model next Monday. It has been more than a year since OpenAI released its last flagship model GPT-4, and the release of the new model is highly anticipated.
Dutch prosecutors seek court ruling to sentence Tornado Cash developer Alexey Pertsev on May 14
Dutch prosecutors have asked a judge to sentence Tornado Cash developer Alexey Pertsev to 64 months in prison for money laundering. The two-day trial, held at the S-Hertogenbosch Court on Tuesday and Wednesday, could have an impact on how other local courts treat developers. The judge will render a verdict on May 14, the court said. Pertsev is accused of laundering $12 worth of cryptocurrency through the anonymous tool Tornado Cash, as detailed in an indictment shared by Dutch prosecutors ahead of the trial. The indictment alleges that between July 9, 2019 and August 10, 2022, Pertsev "made a habit of money laundering."
Samourai Wallet co-founder pleads not guilty to money laundering charges; next hearing to be held on May 14
Samourai Wallet co-founder Keonne Rodriguez pleaded not guilty to money laundering charges on Monday. Rodriguez was released on $1 million bail and his next hearing will be held in Manhattan on May 14. It is reported that Keonne Rodriguez faces two charges of conspiracy to launder money and conspiracy to operate an unlicensed money transmission business, which together carry a maximum sentence of 25 years in prison. Rodriguez and another co-founder, William Lonergan Hill, were arrested last week and authorities shut down the Samourai Wallet service. Prosecutors said Samourai Wallet is suspected of processing more than $2 billion worth of illegal funds between 2015 and 2024, including providing more than $100 million in money laundering transactions for dark web markets.
LocalMonero Exchange to Ban Trading Starting May 14
LocalMonero, a peer-to-peer trading platform for the privacy coin Monero (XMR), has ceased service effective immediately, adding to a recent wave of closures and arrests in the cryptocurrency privacy space. On May 7, LocalMonero announced that all new registrations and Monero trading advertisements were disabled effective immediately. On May 14, the platform will ban trading of the privacy-focused crypto asset. The company cited "a range of internal and external factors" as the reason for the closure, but did not disclose the specific reasons. In addition, the company said it would shut down the site on November 7 and advised users to remove funds from their wallets before that date, otherwise the funds might be considered abandoned.
May 15
Exchange:
FTX opens claims window, customers and non-customer creditors must submit electronic claims by May 15
FTX Digital Markets Ltd (in formal liquidation) has notified customers and non-customer creditors to submit electronic claims by May 15, 2024. Eligible customers and non-customer creditors can view the balance in their FTX account on the website and submit electronic claims in FTX Digital Liquidation. The FTX Digital Claims Portal is managed by PwC on behalf of the Joint Official Liquidators, and the first interim distribution is expected to be paid at the end of 2024 or early 2025. The Joint Official Liquidators will provide further information on the distribution in due course. According to information on PwC's official website, under Bahamian law, there is an obligation to allocate each eligible claim in US dollars, regardless of size. The current claims pricing for major crypto assets on FTX is: BTC $16,871, ETH $1258, SOL $16.24, BNB $286.
Project dynamics:
Cosmos Hub plans to implement Gaia v16 software upgrade on May 15
Cosmos Hub said on the X platform that the "Gaia v16 software upgrade" proposal has been approved by the community, and Cosmos Hub will perform the v16 upgrade at block 20440500 (May 15). The v16 version includes many new features enabled by the implementation of CosmosSDK 0.47, including: IBC rate limit module: prevents a large inflow or outflow of IBC tokens in a short period of time, adding an extra layer of protection for IBC transfers; 2. ICA controller submodule: enables Hub users to use their ub accounts to perform operations on other chains; 3. IBC fee middleware: creates IBC channels through in-protocol relay incentives; 4. ICS will be upgraded to v4.1.0-lsm, which introduces ICS epochs to reduce the relay cost of ICS.
BCH will implement an adaptive block size limit algorithm in the May 15 upgrade
BCH will undergo a full network upgrade on May 15, codenamed "Jessica". It will include the Adaptive Block Size Limit Algorithm (ABLA), which allows the blockchain to automatically and quickly respond to congestion, thereby protecting the network from social attacks. In addition, Binance will suspend token deposits and withdrawals on the BCH network at 19:00 on May 15 to support its network upgrade.
Immutable's mobile RPG Guild of Guardians launches on May 15
Immutable Games announced on Tuesday that its mobile role-playing game Guild of Guardians will be released globally on the Apple iOS App Store and Google Android Play Store on May 15. The free crypto quest runs on the Ethereum scaling network Immutable zkEVM and lets players guide fantasy adventurers through dungeons and battle powerful bosses as they accumulate loot. The game has over 1 million pre-registered players on the eve of release.
PancakeSwap: CAKE prediction market will be permanently closed on May 15
Multi-chain decentralized exchange PancakeSwap said on the X platform that as the platform continues to develop and optimize its products, the CAKE prediction market will be permanently closed at 08:00 Beijing time on May 15.
BNB Chain launches the second season airdrop alliance plan, and a snapshot will be taken at 0:00 on May 15
BNB Chain announced the launch of the second season of the airdrop alliance program. The partners of this alliance program include 7 projects such as StakeStone, World of Dypians, Cards Ahoy, 4Everland, Rido, Carv and Engines of Fury, providing airdrop rewards to active users in the BNB Chain ecosystem. According to the rules, users can reach level 1 qualification by staking at least 1 BNB token to BNB Smart Chain or using the staking migration tool to migrate BNB tokens from Beacon Chain to BSC; and staking at least 5 BNB tokens to BSC can obtain level 2 qualification. The snapshot time is 00:00 on May 15th, UTC, and users should complete the qualification before then.
BNB Chain: opBNB testnet will undergo a hard fork upgrade on May 15 to reduce gas fees
BNB Chain announced on the X platform that the opBNB testnet is scheduled to undergo a hard fork upgrade between 14:00 and 14:30 Beijing time on May 15, aiming to reduce the gas fee on opBNB by 10 times. All opBNB testnet nodes must be upgraded to the latest version before 14:00 on the same day.
Decentralized data lake and query engine Subsquid may hold TGE on May 15
Subsquid is a decentralized data lake and query engine that focuses on cross-chain indexing and fast querying, and is secured by zero-knowledge proofs. Its TGE (token generation event) is expected to occur on May 15, 2024.
Analog and CoinList partner to offer 2% of ANLOG tokens to testnet users, Phase 3 will begin on May 15
Analog, a Layer 0 cross-chain communication protocol, is inviting CoinList community members to participate in its incentivized testnet and have the opportunity to earn a portion of a total of 1,811,594 ANLOG tokens (2.0% of the total supply). The testnet is divided into three phases, each lasting about three months. The first phase will start on April 16, 2024, focusing on the developer community interacting with Timechain; the second phase will start on April 30 and will be open to the wider community, including social tasks and a game; the third phase will start on May 15 and will be dedicated to recruiting validators. In addition, rewards will be distributed to validators, developers, and community members, with 30% of token rewards going to validators and the remaining 70% going to the community and developers.
Token unlocking:
Aevo (AEVO) will unlock approximately 827 million tokens at 3:59 pm Beijing time on May 15, accounting for 752.36% of the circulation, worth approximately US$1 billion;
Starknet (STRK) will unlock 64 million tokens at 8:00 am Beijing time on May 15, accounting for 8.79% of the circulation, worth about US$77 million;
CyberConnect (CYBER) will unlock approximately 880,000 tokens at 4:00 pm Beijing time on May 15, accounting for 4.13% of the circulation, worth approximately US$7 million;
DYDX (DYDX) will unlock approximately 2.12 million tokens at 0:00 Beijing time on May 15, accounting for 0.79% of the circulation, worth approximately US$4.3 million;
May 16
Policy supervision:
The Law Commission of England and Wales has issued a consultation on draft legislation to mark cryptocurrencies as property, with a deadline of May 16
The Law Commission, which is charged with reviewing and recommending changes to the law in England and Wales, has published a consultation on draft legislation marking cryptocurrencies as property. The independent statutory body's report on digital assets last year showed that crypto tokens and non-fungible tokens are able to attract property rights. Replies are requested by March 22. "Personal property rights are important for a number of reasons, including in the event of insolvency or where assets are disturbed or illegally seized. However, because digital assets are significantly different from physical assets and rights-based assets such as debt and financial securities, they do not fall within traditional categories of personal property," the commission said Thursday. The Law Commission is also calling for evidence for its project on digital assets and electronic trade documents in private international law. The deadline for comments is May 16.
Exchange:
Binance will list Notcoin (NOT) on May 16
The NOT token is expected to be launched on the Binance platform at 20:00 Beijing time on May 16, 2024. At that time, multiple trading pairs such as NOT/BTC, NOT/USDT, NOT/BNB, NOT/FDUSD and NOT/TRY will be available, and seed tag trading rules will apply.
Coinbase to launch JTO, JUP and TNSR perpetual futures contracts on May 16
Coinbase International Exchange and Coinbase Advanced will add support for JTO, JUP, and TNSR perpetual futures contracts. The JTO-PERP, JUP-PERP, and TNSR-PERP markets will open on or after 17:30 Beijing time on May 16, 2024.
OKX will launch Notcoin (NOT) coin-to-coin trading on May 16
OKX will soon launch Notcoin (NOT) coin-to-coin trading. NOT will be open for deposits at 11:00 a.m. on May 10; NOT/USDT will open at 8:00 p.m. on May 16; and NOT will be open for withdrawals at 6:00 p.m. on May 17.
Project dynamics:
Layer1 blockchain Peaq launches PEAQ token on CoinList, closing on May 16
Peaq, a Layer1 blockchain for DePIN and machine RWA, announced that it will launch its native PEAQ token on CoinList from May 9 to May 16, and more details will be announced soon. Users in the United States, Canada, China, South Korea and a range of other jurisdictions will not be able to participate. The token launch comes as Peaq is preparing for the mainnet launch. Earlier in March, it was reported that Peaq completed a $15 million financing round, led by Generative Ventures and Borderless Capital, with participation from Animoca Brands and others. It is reported that Peaq currently hosts more than 20 DePIN networks. The DePIN network uses blockchain technology and token incentives to build a physical infrastructure network, allowing other projects to avoid purchasing and running their own equipment.
BNB Chain launches 2024 Q2 hackathon, application deadline is May 16
BNB Chain announced the launch of the 2024 Q2 hackathon event "One BNB - Coding the Future". The hackathon will last until the end of May and aims to inspire the further development of blockchain technology through challenges in different tracks such as artificial intelligence, DePin, games, DeFi, DeSoc, and infrastructure. The total prize money is as high as $470,000, and participants will have the opportunity to receive additional support and rewards. The main dates of the hackathon include the application phase starting on April 11 and the submission deadline on May 16. The final winners will be announced on May 31 and enter a one-month incubation period.
Token unlocking:
Arbitrum (ARB) will unlock approximately 92.65 million tokens at 9:00 pm Beijing time on May 16, accounting for 3.49% of the circulation, worth approximately US$92 million;
May 17
Exchange:
Binance will delist all existing BIDR spot trading pairs on May 17
Starting from 16:00 on August 20, 2024 (UTC), the remaining BIDR balance in the user's Binance account will be automatically converted to FDUSD based on the real-time exchange rate of xe.com. Binance will delist all existing BIDR spot trading pairs (i.e. BTC/BIDR, ETH/BIDR and USDT/BIDR) at 11:00 on May 17, 2024 (UTC). Binance Margin will delist the USDT/BIDR isolated margin trading pair at 14:00 on May 10, 2024 (UTC). Binance Futures will delist all BIDR trading pairs at 12:00 on May 13, 2024 (UTC). Binance Pay will remove BIDR from the list of supported stablecoins at 11:00 on May 13, 2024 (UTC). Binance Auto Invest will delist BIDR after 10:00 on May 11, 2024 (UTC). Binance Simple Earn will delist BIDR after 11:00 on May 14, 2024 (UTC). Binance P2P will delist all BIDR trading pairs at 11:00 am Beijing time on May 16, 2024, and Binance Gift Cards will delist BIDR at 11:00 am Beijing time on May 17, 2024.
HashKey Exchange will suspend deposits and withdrawals from Binance wallet addresses on May 17
Hong Kong licensed virtual asset exchange HashKey Exchange issued a notice on suspending deposits and withdrawals from Binance wallet addresses, stating that due to platform policy adjustments, virtual asset deposits and withdrawals from Binance wallet addresses will be suspended. The specific time schedule is as follows: deposits will be suspended from 00:00 on May 10, 2024, and withdrawals will be suspended from 00:00 on May 17, 2024. Personal wallet address virtual asset deposits and withdrawals will not be affected.
Project dynamics:
Binance Nigeria money laundering trial postponed to May 17
According to a spokesperson for Tigran Gambaryan's family, Binance's Nigeria money laundering trial will be postponed to May 17. It is reported that Tigran Gambaryan is currently in Kuje Prison awaiting a bail hearing on May 17, and the trial was originally scheduled for today. Gambaryan is Binance's head of financial compliance. In February this year, he was detained in Nigeria along with Nadeem Anjarwalla, Binance's Africa regional manager. Nearly a month later, Nigerian authorities filed anti-money laundering and tax evasion charges against Binance and its executives.
Bitcoin Lightning Network Provider Mash to Shut Down Its Products and Services on May 17
Mash, the Bitcoin Lightning Network infrastructure provider, recently announced its decision to shut down its current version, and all products and services will cease to operate at 9:00 EST on May 17, 2024. Officials recommend that users remove any funds from Mash products, as they will not be accessible at that time. Users can transfer funds to wallets that support the Lightning Network, including Cash App, Mutiny Wallet, Kraken Zeus, Breeze, ZBD, Phoenix, etc. The team expressed gratitude for the support it has received over the years and hinted that it will return to the market after reshaping the platform.
LayerZero launches self-reporting program for Sybil activity, deadline is May 17
LayerZero Labs stated on the X platform that it has launched a self-reporting program for Sybil activities. If Sybil addresses self-report the relevant addresses on the designated page, they will receive 15% of the expected allocation without answering any questions. The deadline is May 17 at 19:59:59. If Sybil users do not self-report before the end of the 14-day period, they will enter the following two stages:
Phase 1: Officials will publish their own list of all identified witch users - those who have been identified but have not self-reported will not receive any information.
Phase 2: The official will open a bounty, and users can submit detailed reports of Sybil activities. Successful reporting will result in the Sybil user not being able to receive airdrop allocations, and the bounty hunter will receive 10% of the Sybil's expected allocation.
LayerZero Labs says it is in the best interest of the protocol to distribute tokens to long-term users rather than Sybils.
Token unlocking:
ApeCoin (APE) will unlock approximately 15.6 million tokens at 8:00 am Beijing time on May 17, accounting for 2.48% of the circulation, worth approximately US$19 million;
Immutable (IMX) will unlock approximately 25.53 million tokens at 8:00 am Beijing time on May 17, accounting for 1.75% of the circulation, worth approximately US$55 million;
Render (RNDR) will unlock approximately 760,000 tokens at 8:00 am Beijing time on May 17, accounting for 0.2% of the circulation, worth approximately US$8.3 million;
May 18
Token unlocking:
Nym (NYM) will unlock approximately 3.02 million tokens at 8:00 am Beijing time on May 18, accounting for 0.39% of the circulation, worth approximately $470,000;
Manta Network (MANTA) will unlock approximately 6.67 million tokens at 5:30 pm Beijing time on May 18, accounting for 2.66% of the circulation, worth approximately US$11 million;
May 19
Project dynamics:
a16z plans to provide $750,000 to each startup participating in the Speedrun. Applications will close on May 19.
Venture capital firm Andreessen Horowitz (a16z) announced on Monday that it plans to invest $30 million in several gaming startups. Andrew Chen, general partner of a16z, said that it will invest $30 million through the a16z Speedrun program in the next 45 days, and each startup joining the Speedrun program will receive $750,000. The application deadline for Speedrun is May 19. The company's gaming fund was launched in 2022 and invested in the development of various gaming-related technologies, including Web3. In addition, a16z has made several investments in blockchain gaming companies through its crypto division, including Mythical Games and Voldex.
CDP Venture Capital launches âŹ7 million Frontech accelerator, applications close May 19
CDP Venture Capital launches Frontech accelerator, a new âŹ7 million program focused on Web3, AI and Metaverse startups, with Algorand and Microsoft as technical partners of the accelerator. Over three years, the accelerator will select 10 seed and early-stage startups each year, each of which will receive an initial investment voucher of âŹ120,000 and a six-month program. Both Italian and international startups interested in opening a registered office in Italy can participate, and applications are open until May 19.
Token unlocking:
Oasis Network (ROSE) will unlock approximately 171 million tokens at 0:00 on May 19th (Beijing time), accounting for 2.54% of the circulation, worth approximately US$14.8 million;
Pixels (PIXEL) will unlock approximately 54.37 million tokens at 6:00 pm Beijing time on May 19, accounting for 7.05% of the circulation, worth approximately US$20 million;
Specific time to be determined
Origin Protocol: The merger plan between OGV and OGN will be implemented next week
Origin Protocol, a multi-chain yield DeFi project, announced that its merger plan between OGV and OGN has been approved by the Origin DeFi DAO governance. Next, OGN holders will vote on a proposal involving new token economics, which includes buybacks, staking mechanisms, and more. According to the proposal, OGV will be eligible for conversion at a rate of 0.09137 OGN per OGV, a 25% premium at current prices. In addition, the migration of OGV will be launched after the OpenZeppelin audit is completed, which is expected to take place during the week of May 13. OGV and veOGV holders will have 12 months to convert their tokens to OGN.
