This week's news preview | Blast airdrop will start; quarterly options delivery will arrive next Friday; Ether.fi The second quarter airdrop ends; EU crypto market regulation MiCA ushers in a key deadline

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Arrangement: Fairy, ChainCatcher

Key news:

June 24 (Monday)

Protocol Guild, external project contributors, and ZKsync native project contributors can claim ZK tokens

ZK Nation announced that it has opened the ZK airdrop claim address. The claim transaction will be placed in the queue. It may take a few minutes to see the ZK token in the wallet. The gas fee is paid by ZKsync. Starting from June 24, 2024, Protocol Guild, external project contributors, and ZKsync native project contributors can claim.

UXUY opens the fifth Launchpad and will launch the first hybrid consensus project at 10:00 (UTC) on June 24th $TBO (Biturbo)

UXUY has launched the fifth Launchpad and will launch the first hybrid consensus project $TBO (Biturbo) at 10:00 (UTC) on June 24. Biturbo is the world's first EVM-compatible blockchain that uses a hybrid consensus mechanism of Bitcoin transaction proof (PoT) and liquidity proof (PoL). Users participating in this round of Launchpad can increase their chances of winning by making any Swap transaction in the UXUY APP between 10:00 on June 21 and 10:00 on June 24 (UTC). The upper limit of this round of Launchpad subscription is 500 people, and the fees paid by users who did not win the lottery will be fully refunded 100%.

Binance will suspend deposits and withdrawals of old MTL tokens at 10:00 AM (ET) on June 24, 2024

According to the official announcement, Binance will support the Metal DAO (MTL) mainnet swap plan. Binance will suspend the deposit and withdrawal of old MTL tokens at 10:00 (ET on June 24, 2024). Users should make sure to reserve enough time to complete the deposit and withdrawal of old MTL tokens.

During the mainnet swap, spot trading, margin trading, contract trading, and Binance financial services will not be affected; Binance will assist users holding MTL tokens in their Binance accounts to handle any technical issues involved.

AI Arena: NRN token will be launched on June 24

AI Arena, an AI game, said on social media that it will launch the NRN token on June 24. In addition, the application website will be open from 15:00 on June 24.

AdEx's major announcement will be released on June 24

Web3 advertising platform AdEx announced on X that it will release its long-awaited major announcement on June 24.

South Korean Crypto Exchage GDAC to Stop Trading Services on June 24

According to News1, the Korean crypto trading platform GDAC announced that it will terminate its service due to system reorganization, and the service end date is July 16. From the end of the service on July 16, automatic withdrawals will be converted to manual withdrawals, and GDAC will implement a separate withdrawal fee policy for manual withdrawals. Starting from 11:00 local time on June 24, the cryptocurrency trading service on GDAC will no longer be available.

GMX: Second round of funding proposal submission deadline is June 24

GMX announced on the X platform that the deadline for submission of proposals for the second round of funding is 8 am (UTC time) on June 24.

June 25 (Tuesday)

FTX tax case hearing date is June 25

FTX plans to pay the IRS $200 million in priority tax debt and $685 million in subordinate tax claims. Priority tax claims, such as taxes, are payments that must be paid before other debts, while subordinate claims are paid only after priority obligations are satisfied.

The FTX debtors, who ran the company during its bankruptcy, believe the IRS incorrectly included funds misappropriated by Sam Bankman-Fried and other tax liabilities in its calculations. The IRS disagrees with the debtors’ arguments and plans to seek a massive tax liability if a settlement is not reached. The case has an objection deadline of June 17, with a hearing date of June 25, 2024.

io.net: Daily block rewards for IO Workers will be distributed starting June 25

Decentralized AI computing and cloud platform io.net said on the X platform that block rewards will be launched soon. On June 25, daily rewards for IO Workers will begin to be distributed.

Blast: Dapps must distribute all Gold and points to users before 20:00 on June 25

Blast announced that the airdrop will officially take place in one week, and Dapps must distribute all Gold and points to users before 20:00 Beijing time on June 25 for statistics.

If a user has Points or Gold for their EOA, they must have logged into the Blast dashboard at least once with that EOA (either by receiving an invite or linking it to an existing account) to be included in the airdrop calculation.

EU regulators consider MEV as market abuse, consultation feedback closes on June 25

According to CryptoSlate, the European Securities and Markets Authority (ESMA) defines maximum extractable value (MEV) as a clear example of illegal market abuse in its draft technical standards under the proposed Markets in Crypto-Assets (MiCA) regulation.

Patrick Hansen pointed out that almost all EU-regulated crypto businesses, including exchanges and brokers, are required to detect and report MEV instances through comprehensive “suspicious transaction or order reports” (STORs). The new standards have raised concerns about the feasibility of managing reports for every instance.

ESMA also recommends that authorities inside and outside the EU cooperate to sanction market abuse, and actors involved in MEV may face investigation and enforcement by international regulators. The deadline for consultation feedback set by ESMA is June 25, and the final standard is expected to have a significant impact on the EU crypto regulatory environment.

BNB Greenfield Network to Perform Veld Hard Fork Upgrade on June 25

According to official news, the BNB Greenfield network is about to undergo a Veld hard fork upgrade, which will significantly update and optimize the platform. The key points are as follows:

  • The testnet Veld hard fork is expected to occur at 15:00 on June 25;
  • The mainnet Veld hard fork is scheduled to occur at block height 9,269,910. Based on the current block interval, it is expected to occur at 15:00 on July 8.

June 26 (Wednesday)

Blast: Airdrop will start on June 26

Ethereum L2 network Blast said in a post that its airdrop activity will be launched on June 26, which is beyond the originally expected May. Sorry for the delay, the airdrop allocation will be increased. Before the airdrop, there will be two final Dapp Gold allocations.

Blur: Season 3 will also follow Blast, which ends on June 26

NFT trading platform Blur said on the X platform that since it has been confirmed that Blur Season 3 is powered by Blast, and given that the current airdrop schedule has been updated to June 26, Blur Season 3 will also end on that day.

Zimbabwe has set up a committee to solicit opinions from all parties on regulating cryptocurrency operations, with a deadline of June 26

The Zimbabwean government is seeking public opinion on crypto-asset operations to develop regulatory policies in the field. In a statement, the government said that in view of global trends and best practices, Zimbabwe is embarking on an evaluation and understanding of the full picture of cryptocurrencies, and invites all cryptocurrency service providers serving Zimbabwean customers, whether operating domestically or abroad, to provide suggestions and opinions. To this end, the government has established a committee to consult with operators in the virtual asset ecosystem and hopes to receive feedback by June 26.

Floki will launch the Floki Trading Bot public mainnet open beta on June 26

Floki released a video on X revealing that it will launch the Floki Trading Bot public mainnet open beta version at 1:00 (Beijing time) on June 26.

Thursday, June 27

Optimism will launch OP Governance Season 6 on June 27, with the theme of optimizing support for super chains

Optimism will launch OP Governance Season 6 from June 27 to December 11, with the theme of optimizing support for super chains.

The grant application will open on July 18 and will be held every three weeks, aiming to achieve decentralization, introduce different public chains into the super chain, and cultivate application developers on the super chain.

Starknet: Chain Game Influence Mainnet will be launched on June 27

Starknet posted on the X platform that the NFT chain game Influence mainnet will be launched on June 27.

Orderly: NEAR traders need to bind their wallets before June 27 to receive the airdrop

The full-chain derivatives liquidity layer project Orderly Network will airdrop 10% of the total supply of tokens (100 million) to early users. NEAR traders need to bind their wallets before June 27.

Biden and Trump's first televised debate was held on June 27, covering topics such as the economy and inflation.

According to Xinhua News Agency, U.S. Democratic President Biden "challenged" his Republican predecessor Trump last month, proposing to abandon the decades-long tradition of fall debates and hold two offline debates in advance, which was accepted by the latter. The two debates were hosted by CNN and ABC on June 27 and September 10, respectively. CNN said that the debate will include two advertising breaks, during which campaign staff are not allowed to interact with candidates and there will be no audience in the studio. According to a campaign memo obtained by Reuters, Biden has three topics in the first debate, including abortion rights, the state of democracy and the economy. Trump's team pointed out that immigration, public safety and inflation are key issues before the debate.

Coinbase International will open ALT-PERP, LDO-PERP and PENDLE-PERP perpetual futures trading on June 27

Coinbase International Exchange announced that it will begin supporting perpetual futures trading for Altlayer (ALT), Lido DAO (LDO), and Pendle (PENDLE) on or after June 27, 2024, at 9:30 UTC. These new markets will be available on Coinbase International Exchange and Coinbase Advanced platforms, with the corresponding trading pairs being ALT-PERP, LDO-PERP, and PENDLE-PERP, respectively.

June 28 (Friday)

Bitcoin options worth $6.65 billion and Ethereum options worth $3.56 billion will expire on June 28

According to data released by Deribit officials, this quarter's options delivery will be at 4 pm next Friday, the 28th. A total of $6.65 billion in Bitcoin options will expire, with a put/call ratio of 0.51 and a maximum pain point of $56,000; a total of 3.56 billion Ethereum options will expire, with a put/call ratio of 0.62 and a maximum pain point of $3,100.

Chromia HackNet Mainnet Run Ends

According to official news, Layer1 relational blockchain Chromia announced the launch of an incentive testing program with rewards including 250,000 CHR.

It is reported that the program consists of three separate programs, each with its own dedicated network running Chromia's mainnet candidate version: HackNet is designed for coders and advanced users and will run until June 28; ProjectNet is designed for developers and will run until July 26; QuestNet is designed for everyday users and will be launched on June 18 and will run until August 30.

VeChain: VeBetterDAO mainnet will be launched on June 28

VeChain announced on social media that the VeBetterDAO mainnet will be launched soon, and the final snapshot of token activity for testnet participants will be taken on June 23. Based on this data, these tokens will be mapped to the mainnet.

VeBetterDAO rewards will be available for claiming from June 17th to June 22nd, and will be suspended on June 23rd, after which the mainnet token will be launched on June 28th.

Lumiterra will close its native trading market on June 28

The blockchain game Lumiterra announced on the X platform that in order to better serve players and enhance the trading experience, the team will close the native trading market in 12 days, that is, at 15:00 on June 28, 2024. After the closure, the native trading market will no longer be available.

MetalCore: MCG token will be launched on June 28

The blockchain game MetalCore announced on the X platform that its game token MCG will be launched on June 28. In addition, players who participated in the early closed beta version need to complete the final task to bind their wallet.

June 30 (Sunday)

Bithumb Meta will shut down NFT trading platform NAEMO Market on June 30

According to the Chosun Ilbo, NAEMO Market, the NFT trading platform of Bithumb Meta, a metaverse company under Bithumb, will shut down its services on June 30.

Nemo Market was previously launched in August 2022. NAEMO Market has actually ceased operations since the end of last year.

Bithumb Meta is laying off most of its employees, including the main developers of Nemo World, and is undergoing a restructuring.

BRC721: Agreement will be suspended and indexers, APIs and image processing servers will be stopped on June 30

BRC721 said on the X platform that it would suspend the agreement and stop the indexer, API and image processing servers on June 30.

PsyFi: Users are requested to withdraw their assets from all PsyFi products before June 30

Decentralized options infrastructure PsyFi posted a message on X asking users to withdraw their assets from all PsyFi products before June 30 to avoid any potential problems later.

EU Crypto Market Regulation MiCA is about to reach a key deadline on June 30

According to The Block, the key deadline of the EU MiCA (Market Regulation for Crypto Assets) is coming on June 30, which will affect the member states' regulation of cryptocurrencies and digital asset markets. MiCA also affects stablecoins, affecting their issuance, operation and regulation within the EU. MiCA is regulated by the European Securities and Markets Authority (ESMA) and approved by the European Parliament in April 2023 - stipulating that stablecoins issued in the region must meet higher regulatory requirements.

Ether.fi: Season 2 airdrop starts on March 15 and ends on June 30

Ether.fi, a non-custodial liquid staking protocol, announced on Twitter that the second season of airdrops will start on March 15 and end on June 30. The longer the staking period, the higher the loyalty points reward the user will receive. The second season of airdrops will issue 50 million tokens, accounting for 5% of the supply.

Illuvium extends creator program until June 30

Illuvium announced that it will extend the Illuvium Creator Program for the remainder of the second quarter, starting at 08:00 on April 22, Beijing time, and ending at 08:00 on June 30, in order to continue to reward creators who bring value to the community through content. The program will provide 100 ILV rewards per week.

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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