Arrangement: Fairy, ChainCatcher
Key news:
- The Federal Reserve will hold a rate-setting meeting on July 30-31.
- Senator Cynthia Lummis to introduce bill to have US Treasury buy 1 million Bitcoins
- OKX Jumpstart will list Matr1x (MAX)
- A New York District Court judge sentenced Mango Markets attacker Avi Eisenberg on July 29.
- Grayscale GBTC split into mini trust fund BTC is scheduled for July 31
- Harris may be nominated as the Democratic presidential candidate before August 1
- Ferrari plans to expand its cryptocurrency payment service to Europe from the end of this month
- MicroStrategy (MSTR) conducts 10-for-1 stock split, effective August 1
July 29 (Monday)
OKX will launch multiple USDC trading pairs including CVC/USDC, XTZ/USDC, DAI/USDC, etc.
According to the official announcement, the USDC trading area under OKX's currency trading will add the following USDC trading pairs from 2:00 pm to 4:30 pm (UTC+8) on July 29, 2024:
CVC/USDC,
OKX Jumpstart will list Matr1x (MAX)
OKX announced that it will launch the Jumpstart mining activity at 6:00 UTC on July 29, 2024. The main contents of the activity are as follows:
Mining mechanism: Users can stake BTC or ETH to mine MAX tokens
Mining pool size: BTC and ETH staking pools can mine a total of 20 million MAX tokens
Event time: July 29, 2024 6:00 UTC to August 5, 2024 6:00 UTC
Staking limit: Each person can stake up to 0.3 BTC or 3.5 ETH, no minimum staking requirement
- Trading open: The mined MAX tokens will be available for trading on August 5, 2024
The following countries and regions are not eligible for this promotion: Mainland China, Hong Kong and South Korea.
CME Group and CF Benchmarks to Launch Two New Cryptocurrency Reference Rates and Real-Time Indices for XRP and ICP
According to PR Newswire, CME Group and cryptocurrency benchmark index provider CF Benchmarks announced today that they plan to launch two new cryptocurrency reference rates and real-time indices, XRP and ICP, starting July 29. Calculated and published daily by CF Benchmarks, the new benchmarks will utilize pricing data from cryptocurrency trading platforms that are currently part of the CME CF benchmark reference rate and real-time index suite.
Each new benchmark will be calculated using pricing data from at least two exchanges, including Bitstamp, Coinbase, Gemini, itBit, Kraken and LMAX Digital.
Binance Futures will integrate dstream domain name on July 29
According to the official announcement, Binance released an update on the Binance Futures coin-based WebSocket domain name. Binance Futures will integrate the dstream domain name at 14:00 on July 29, 2024 (Eastern Time 8).
To ensure access to the WebSocket server data of the CoinMarketCap platform, Binance recommends that API users establish a new WebSocket connection before 14:00 (ET) on July 29, 2024.
A New York District Court judge sentenced Mango Markets attacker Avi Eisenberg on July 29.
According to CoinDesk, a Manhattan jury in New York found Mango Markets attacker Avi Eisenberg guilty of fraud and market manipulation for stealing $110 million from Mango Markets in October 2022. New York District Court Judge Arun Subramanian will sentence him on July 29. Eisenberg was arrested in Puerto Rico in December 2022 and charged with commodity fraud, commodity manipulation, and wire fraud. If all three charges are convicted, he faces up to 20 years in prison.
July 30 (Tuesday)
Liquidswap will launch the token LSD on July 30, 15% will be used for airdrops and staking rewards
Web3 product development studio Pontem tweeted that its DEX Liquidswap will launch the token LSD on July 30. 42 million LSD will be minted at the genesis and will be available for use within 3 years. 40% of the tokens will be allocated to the community (15% will be used for airdrops and staking rewards), and snapshots have been taken.
The initial allocation is as follows:
- 15% is airdrop + staking incentive;
- 16% is allocated to the national treasury and unlocked over 36 months;
- 8% for trading platform liquidity;
- 1% for IEO;
- 13.26% is allocated to the founding team, with a 1-year cliff period and an overall vesting period of 3 years;
- 25.25% is allocated to private investors in 2021;
- 21.49% is allocated to private investors in 2023.
OKX will launch Layer3 (L3) trading
OKX announced that it will launch Layer3 (L3). The L3 deposit opening time is 16:00 on July 26, the L3/USDT currency trading opening time is 18:00 on July 30, and the withdrawal opening time is 18:00 on July 31.
The Federal Reserve will hold a rate-setting meeting on July 30-31.
The Federal Reserve will hold a rate meeting on July 30-31, and the International Monetary Fund (IMF) said the Fed should wait until "the end of 2024" to consider cutting interest rates, while the US government needs to raise taxes to control the growing federal debt, including for households with annual incomes below $400,000. The recommendations come from the IMF's newly released detailed staff report on its annual "Article IV" assessment of US economic policy.
July 31 (Wednesday)
TrueUSD: Token conversion deadline for BEP2-TUSD holders
TrueUSD reminds all BEP2-TUSD holders to convert their tokens to TUSD tokens of other network standards before July 31, 2024, as BNB Beacon Chain will be gradually phased out.
DeFi Technologies and Stillman Digital Expect to Reach Definitive Agreement on Acquisition
Canadian listed company DeFi Technologies signed a letter of intent to acquire digital asset liquidity provider Stillman Digital, whose core businesses include electronic trade execution, over-the-counter block trading and market making. According to the letter of intent, DeFi Technologies will acquire all issued and outstanding securities of Stillman Digital in exchange for 2.5 million shares of DeFi Technologies common stock, of which 1 million payment shares are subject to a lock-up plan and released quarterly within one year.
The parties intend to reach a definitive agreement on the acquisition by July 31, 2024.
Grayscale GBTC split into mini trust fund BTC is scheduled for July 31
According to information disclosed by Bloomberg ETF analyst James Seyffart on the X platform, the date for the split of Grayscale GBTC into the mini trust fund BTC is scheduled for July 31.
zkLend: ZEND Airdrop 1 claims end on July 31
zkLend posted on X that the ZEND Airdrop 1 claim window will be open until July 31, and users are requested to claim in time.
Zivoe plans to launch its credit agreement on July 31 and launch the ITO (Initial Tranche Offering) at the same time.
Zivoe, a real-world asset (RWA) credit protocol, announced the completion of $8.35 million in financing, with investors including Andrew Keys, Iceberg Capital and Concave. The funds will be used to expand credit channels. Zivoe plans to launch its credit protocol on July 31 and simultaneously launch ITO (Initial Tranche Offering). Liquidity providers can deposit stablecoins into Zivoe's senior pool or secondary pool and receive tokens in return.
According to Web3 asset data platform RootData, Zivoe is a real-world asset credit protocol that subverts predatory high-interest consumer lending while putting consumer loan proceeds on-chain. It acts as a bridge between traditional finance and on-chain finance, facilitating the connection between on-chain liquidity and real-world borrowers.
August 1 (Thursday)
Thai digital wallet registration will be open from August 1 to September 15
According to Jinshi, market sources said that the registration of digital wallets in Thailand will be open from August 1 to September 15. The Deputy Minister of Finance of Thailand said that digital cash consumption will start in the fourth quarter, and the digital wallet plan is expected to attract 45 million participants. The government has prepared 450 billion baht in funds.
Harris may be nominated as the Democratic presidential candidate before August 1
According to market news, US Vice President Harris may be nominated as the Democratic presidential candidate before August 1; the Democratic Committee reached a consensus and decided to nominate the presidential candidate virtually before August 7; and the vice presidential candidate is expected to be nominated before August 7.
Coinbase International will launch Dymension, Maker and Aave perpetual futures
Coinbase International announced that it will add support for Dymension, Maker and Aave perpetual futures on Coinbase International Exchange and Coinbase Advanced. The DYM-PERP, MKR-PERP and AAVE-PERP markets will open on or after 9:30 am UTC on August 1, 2024.
MicroStrategy (MSTR) conducts 10-for-1 stock split, effective August 1
According to CoinDesk, MicroStrategy is the largest corporate Bitcoin holder, with more than $13 billion worth of Bitcoin in its vaults. MicroStrategy (MSTR) announced today a 10-to-1 stock split, which will take effect on August 1 and the shares will be distributed after the close of trading on August 7. The split will make the company's stock "more accessible to investors and employees."
Prior to the announcement, MicroStrategy's stock price had more than tripled over the past year and hit an all-time record of over $1,900 in March, while BTC rose to over $70,000. Today the stock rose 6.8% to $1,300. MicroStrategy, led by Executive Chairman and widely followed Bitcoin supporter Michael Saylor, has typically added leverage to its holdings in Bitcoin. The company periodically issues bonds to raise funds to buy more Bitcoin for its treasury. After its latest purchase last month, the company holds 226,331 Bitcoins, worth over $13 billion.
Stock splits are common among public companies that have seen a significant appreciation in share prices. While a split does not change a company's valuation, it may make it psychologically easier for smaller retail investors to buy the stock by lowering the share price, even in cases where many retail-oriented trading platforms offer fractional shares. Most recently, chipmaker giant Nvidia conducted a 10-for-1 stock split last month after its share price reached four digits, with its shares tripling in a year, driven by gains in the artificial intelligence (AI) sector.
Animoca Ventures’ proposal to launch a new fund, ApeCoin Ventures, in partnership with ApeCoin will close on August 1
According to Snapshot information, Animoca Brands' venture capital department Animoca Ventures proposed to co-found a joint venture fund ApeCoin Ventures with ApeCoin in ApeCoin DAO, intending to invest in Web3 projects in the seed and A rounds, and give priority to projects that can integrate ApeCoin into its ecosystem, thereby increasing the value, practicality, synergy, network effect and influence of ApeCoin. The ApeCoin Ventures fund size is US$10 million, of which ApeCoin DAO needs to allocate US$5 million worth of APE (Animoca Ventures intends to sell it for legal currency), and Animoca Ventures will invest US$5 million. The proposal is currently open for voting, with a current support rate of 83.49%, and voting will end on August 1.
Onyx Protocol v3 white paper will be released on August 1st, and its L3 chain will be launched at the same time
DeFi protocol Onyx published a statement on X that the Onyx protocol v3 white paper will be released on August 1, and its Layer 3 blockchain network will also be launched at the same time, and the test network will be released soon.
August 2 (Friday)
Web3 game Forgotten Runiverse migrates to Ronin network and will end closed beta on August 2
The Forgotten Runiverse, a free online role-playing game based on Ethereum, announced that it is migrating from Arbitrum to the Ronin sidechain for release on the Epic Games Store. The closed beta of the game will be conducted from July 31 to August 2, and the public beta is scheduled to begin in August.
August 3 (Saturday)
Indian crypto exchage WazirX will implement a socialized loss strategy where all users share the loss fairly. Users must complete their choice by August 3.
According to an important update released by Indian cryptocurrency exchange WazirX, a recent cyberattack resulted in the theft of approximately $230 million (equivalent to 45% of user funds). WazirX announced that it will implement a fair and transparent socialized loss strategy to ensure that all users share the impact fairly. The strategy allows users to immediately access 55% of their assets, while the remaining 45% will be converted into tokens of the equivalent value of USDT and locked.
Users can choose between two asset management options, each with specific benefits and conditions. The unlocked 55% of assets will create a balanced portfolio through a basket of crypto assets available on the platform. If the 55% of unlocked assets include affected tokens, the affected portion will be replaced with unaffected crypto assets. The value of the unlocked assets will be calculated based on the average price on CoinMarketCap and selected global exchanges at 8:30 pm (IST) on July 21, 2024.
Users must complete their selection by 7:00 am (IST) on August 3, 2024. The voting results will be used as a reference for the final decision, taking into account the survey results, platform liquidity and other circumstances.
Specific time is not determined
Senator Cynthia Lummis to introduce bill to have US Treasury buy 1 million Bitcoins
According to The Block, Senator Cynthia Lummis said she will introduce a bill this week to instruct the U.S. Treasury to purchase 1 million bitcoins (worth about $69 billion) over five years. She said the move is intended to offset the impact of the depreciation of the U.S. dollar.
It said the bill would require the U.S. Treasury to hold its own custody of Bitcoin in "multiple geographical locations." The government would hold the tokens for at least 20 years unless it sold them to "reduce debt."
Ferrari plans to expand its cryptocurrency payment service to Europe from the end of this month
According to Cryptonews, Ferrari announced plans to expand crypto payment options for its luxury sports cars to its European dealers starting at the end of this month. It said that by the end of 2024 , it aims to offer this payment method to more international dealers in countries that legally accept cryptocurrencies.
“Following the positive reception of this alternative payment system in the US, our entry into the European market is a natural progression to support dealers in meeting the evolving needs of our customers,” the company said.
The company stressed that countries with strict restrictions on cryptocurrencies, such as China, will not be included in the launch.
Earlier news , Ferrari (RACE.MI) marketing and business said that its luxury sports car business in the United States has begun accepting cryptocurrency payments and will expand the program to Europe based on customer requests.
Ethereum SVM L2 project Eclipse will release mainnet this week
Ethereum SVM L2 project Eclipse said in X that it will release the mainnet this week.
According to Web3 asset data platform RootData , Eclipse is a customizable rollup provider that is compatible with multiple layer 1 blockchains. The platform enables developers to deploy their own rollups powered by Solana OS, using any chain for security or data storage.
Jupiter Co-Creation: Will start voting on proposals related to "JUP supply reduction" and reach a conclusion
Jupiter co-founder Meow posted on social media that next week is a very important week for JUP, and the specific arrangements are as follows:
- Monday: JUP Essay;
- Tuesday: Community audit of JUP distributed to date;
- Wednesday: Token supply reduction proposal;
- Thursday: Voting;
- Friday-Saturday: Discussion;
- Sunday: Draw conclusions.
By the end of next week, the community will have reached a high level of understanding and alignment.
