News preview:
- Trump announces major interview with Musk on August 12
- Aptos (APT) will unlock approximately 11.31 million tokens at 8:00 am Beijing time on August 12, accounting for 2.40% of the current circulation and worth approximately US$65 million.
- US Democratic Party launches "Crypto for Harris" campaign, plans to hold online town hall meeting next week
- Immutable will shut down its Immutable X marketplace on August 13
- The Sandbox (SAND) will unlock approximately 205.6 million tokens at 4:00 pm Beijing time on August 14, accounting for 9% of the current circulation and worth approximately US$54.5 million.
- FTX customer compensation plan voting ends at 4 am on August 17
- Arbitrum (ARB) will unlock approximately 92.65 million tokens at 9:00 pm Beijing time on August 16, accounting for 2.77% of the current circulation and worth approximately US$53.4 million.
August 12
Political elections:
Trump announces major interview with Musk on August 12
Republican presidential candidate Donald Trump announced that he will have a major interview with Elon Musk on the evening of August 12 (Monday), Reuters reported. Trump announced the news on social media but did not provide specific details.
Exchange:
Binance will update margin liquidation fees at 14:00 on August 12
According to the official announcement, Binance will update the margin liquidation fees at 14:00 on August 12. The margin liquidation fee for cross margin margin professional mode will be updated from 2% to 3%, and the margin liquidation fee for isolated margin margin professional mode will be updated to 2%.
Project dynamics:
MakerDAO Launches Spark Tokenization Grand Prix, Applications Open on August 12
According to MakerDAO's official Twitter, the Spark Tokenization Grand Prix has officially started, with the goal of tokenizing $1 billion of real-world assets (RWA) and introducing them to MakerDAO. The competition is open to all innovators and issuers, and selected partners will receive up to $1 billion in liquidity support. The competition will open for applications on August 12, 2024, and will be judged by judges such as Phoenix Labs and Steakhouse Financial. The evaluation criteria include pricing, liquidity, and strategic alignment. Ultimately, MKR token holders will select the winner through governance voting.
Aleph Zero plans to launch EVM mainnet on August 12
Layer1 privacy-enhanced blockchain Aleph Zero announced on X platform that it plans to launch the EVM mainnet on August 12
Governance Voting:
dYdX community launches on-chain vote on whether to add Zerolend to dYdX Chain, deadline is August 12
The dYdX Foundation posted on the X platform that the on-chain vote on whether the dYdX community should add @zerolendxyz to the dYdX Chain has been opened, and the vote will end at 15:16 UTC on August 12, 2024. The current number of votes is 46,707,390 DYDX, and 100% of the votes are in favor of the proposal.
Token unlocking:
Aptos (APT) will unlock approximately 11.31 million tokens at 8:00 am Beijing time on August 12, accounting for 2.40% of the current circulation and worth approximately US$65 million.
August 13
Exchange:
Crypto exchage Bybit will stop offering products or services in France. Starting at 16:00 Beijing time on August 2, French users will not be able to purchase any type of product, open new positions, or add new positions. All Bybit products, including Bybit Earn and all spot products are included in the restrictions. All remaining open positions of French users will be closed after 16:00 Beijing time on August 13. Only withdrawals of assets and funds will be allowed thereafter. With the EU Crypto-Asset Market (MiCA) regulatory framework set to take full effect in December this year, it has become more difficult for crypto companies to obtain licenses in France. "In light of recent regulatory developments by French regulators, Bybit will stop providing our products and services to French nationals and residents," Bybit said in a press release on Thursday. "Once we obtain the appropriate licenses, we look forward to providing services again in the near future."
Binance plans to suspend the Conflux (CFX) network’s token deposit and withdrawal services at 13:30 on August 13, 2024, GMT+8, to support its network upgrade and hard fork. The project will perform this upgrade and hard fork at block height 247,480,000.
Project dynamics:
Immutable announces it will shut down its Immutable X marketplace on August 13
Immutable recently announced that it will shut down its Immutable X marketplace on August 13 and cease operations entirely on September 27. The Immutable X marketplace was originally launched to demonstrate the capabilities of the Immutable SDK, and will now shift its focus to supporting third-party marketplaces rather than maintaining its own trading platform. Users of the Immutable marketplace do not need to take any special action with their assets. All NFTs and tokens are stored on the blockchain, tied to the user's wallet address, and accessible across different marketplaces using the Immutable global order book. This order book ensures that listings remain consistent across platforms, meaning that users' orders for collectibles will still be valid on other marketplaces without any additional steps. Immutable also encourages users to explore several third-party alternatives for trading NFTs on the Immutable X chain, and recommends a number of marketplaces such as TokenTrove, AtomicHub, and Sphere.
August 14
Project dynamics:
Scroll to deploy Darwin upgrade on Scroll Sepolia testnet on August 14
According to the official announcement of Scroll, Ethereum Layer2 network Scroll will launch the highly anticipated Darwin upgrade on August 21, 2024. The upgrade aims to reduce the Gas fees of multiple batches through a single aggregated proof, thereby reducing the Gas fees by 34%. The Darwin upgrade bundles multiple batches of proofs into a single validity proof, reducing the verification cost. This improvement will be achieved by introducing a new batch encoding format and bundling concepts. The specific timetable for this upgrade includes: 1. Deploy the upgrade on the Scroll Sepolia testnet on August 14; 2. Execute the contract upgrade on the Scroll mainnet on August 21. The security of the upgrade has been audited by Trail of Bits.
gm.ai: GM Token to Launch on Solana on August 14
Whales Market founder Dexter launched Solana on-chain AI concept project gm.ai on the X platform, saying that the GM token will be launched on Solana on August 14, 2024. It will gradually announce the official list of CEX/DEX, Launchpads and partners. The airdrop to pre-sale participants will start about 24 hours before trading. GM tokens are not yet online, and users do not need to claim anything.
Marinade Finance to launch Stake Auction Market (SAM) mainnet on August 14
Marinade , the liquid staking protocol on Solana, released a roadmap update on X. Marinade Finance will launch the Stake Auction Market (SAM) mainnet on August 14, launch the reward report generator in the third quarter, and launch native instant unstaking, SAM-based accelerated delegation, and staking recommendations in the fourth quarter.
Pacmoon ($PAC), the largest meme coin on the Blast network, announced that it will migrate to the Solana network, which is expected to take place on August 14. Lamboland, a member of the Pacmoon team, said that the system of the Blast network "actively suppressed" the local token and did not provide any social support. For this reason, Pacmoon will be renamed as $ARMY token, and holders must burn $PAC tokens before August 14, at which time the new token $ARMY will be airdropped according to the number of burns.
Team member Bobby Big Yield believes that Solana will become the preferred platform for meme coins in this cycle. New retail traders are flocking to Solana and veteran cryptocurrency users are also turning to the platform. The team expects that after the rebranding, Pacmoon will attract a wider audience in the saturated Solana meme coin market. After the announcement, the $PAC token surged 118.8% in the past 24 hours, with a current price of $0.048 and a market value of $22.3 million. It peaked at $104 million in June.
Token unlocking:
The Sandbox (SAND) will unlock approximately 205.6 million tokens at 4:00 pm Beijing time on August 14, accounting for 9% of the current circulation and worth approximately US$54.5 million.
CYBER (CYBER) will unlock approximately 1.99 million tokens at 8:00 pm Beijing time on August 14, accounting for 8.54% of the current circulation and worth approximately US$6 million.
August 15
Exchange:
Coinbase International will launch Degen, EOS and SATS perpetual futures contracts on August 15
Coinbase International Exchange and Coinbase Advanced will add support for Degen, EOS, and SATS perpetual futures contracts. The DEGEN-PERP, EOS-PERP, and 1000STATS-PERP markets will be open on or after 17:30 Beijing time on August 15, 2024.
Project dynamics:
BNB Chain: BNB and other BEP2 assets on BC must be transferred to BSC before August 15
According to the official announcement of BNB Chain, the second Sunset fork is scheduled for July 14. During this period, the staking function of BNB Beacon Chain (BC) will be migrated to BNB Smart Chain (BSC), BC will be phased out, and all assets need to be migrated to BSC: 1. Pledged BNB: If BNB is pledged, the migration needs to be completed before July 14, otherwise the pledge will be automatically canceled and returned to the user's account within two weeks. 2. BNB and other BEP2 assets: These assets also need to be transferred from BC to BSC. If the migration is not completed after August 15, the assets will not be able to be transferred.
Community Activities:
BNB Chain launches the "Become a Champion Builder" hackathon, submission deadline is August 15
According to the official announcement of BNB Chain, the "Become a Champion Builder" hackathon will be held in the third quarter of 2024, with a prize pool of more than $500,000. The time nodes are as follows: Workshop: July 23, 2024-August 08, 2024; Submission time: July 31, 2024-August 15, 2024; Top 10 demos: August 28, 2024; Winners announcement: September 2, 2024; Project incubation: September 2, 2024-October 2, 2024. Participating developers can leave a message in the official comment area of BNB Chain on the X platform.
The fifth round of Optimism retroactive public goods funding will be open for application on August 15, with 8 million OPs to be allocated
Optimism announced that the fifth round of retroactive public goods funding (Retro Funding 5: OP Stack) will be open for application on August 15 and close on August 29. 8 million OP will be used to reward OP Stack contributors from October 2023 to August 2024. The review process for this round of applications will be conducted from August 30 to September 13, voting will be conducted from September 14 to September 28, and the results will be announced and the grant will be delivered on October 3. It is reported that this round of funding will reward contributors through Ethereum core contributions, OP Stack research and development, and OP Stack tool development.
Token unlocking:
Starknet (STRK) will unlock approximately 64 million tokens at 8:00 am Beijing time on August 15, accounting for 3.95% of the current circulation, with a value of approximately US$24.5 million.
Render (RENDER) will unlock approximately 760,000 tokens at 8:00 am Beijing time on August 15, accounting for 0.19% of the current circulation and worth approximately US$3.7 million.
August 16
Exchange:
Crypto exchage OKX revealed in an email sent to Nigerian customers on July 17 that the company will withdraw from Nigeria and stop serving all Nigerian customers. OKX stated that the main reason for ceasing services in the country was "recent changes in local laws and regulations" and set a deadline of August 16, 2024 for users to access the platform's features. After the deadline, Nigerian users can only access the platform to withdraw funds or close positions.
Project dynamics:
Manchester United has launched the Premier League's first Web3 fantasy football game "Fantasy United", built on the Tezos blockchain. The game combines digital collectibles with interactive experiences, allowing fans to collect "player trading cards" and build a fantasy team. Fans can earn points through real-life performance and even play directly against former Manchester United players. The digital collectibles launched this time include classic, rare and ultra-rare versions, and the data is updated in real time. The game will officially start on August 16th when Manchester United plays against Fulham.
Solana Ecosystem Derivatives Platform Drift Protocol Will Close Airdrop Claim Window on August 16
Drift Protocol, a (DEX) derivatives platform in the Solana ecosystem, tweeted that the DRIFT airdrop claim is now live. The claims are open for 3 months and will close at 18:00 UTC on August 16, 2024. The official DRIFT contract address is DriFtupJYLTosbwoN8koMbEYSx54aFAVLddWsbksjwg7. The airdrop for all eligible users consists of two parts: initial allocation and reward allocation. The initial allocation will be available at the start of the event, and the reward allocation will be unlocked linearly within 6 hours.
Governance Voting:
Tally proposes to launch stARB, a liquidity staking token, and voting will end on August 16
Tally's head of marketing, Frisson, has proposed a new proposal to improve governance mechanisms and enhance security by implementing ARB token staking. The proposal plans to launch a liquid staking token called stARB through the Tally protocol and introduce DeFi and Restaking to achieve token staking income and compound interest while retaining the governance delegation rights of holders. The vote is scheduled to end on August 16. If it passes smoothly, development work is expected to begin in August and submit a complete ARB staking implementation proposal in October. After the proposal is passed, $2 million worth of ARB tokens will be provided as development funds.
Arbitrum DAO publishes ARB Staking proposal voting, proposing to unlock ARB utility and improve the governance and security of the Arbitrum protocol by implementing ARB staking without distributing fees to token holders. Through ARB staking, token holders who delegate to active governance participants will be able to capture value. ARB staking distributes future rewards generated by the DAO (such as sorter fees, MEV fees, validator fees, token inflation, and treasury diversification) to token holders who delegate to active governance participants. The proposal will also implement liquidity staking ARB tokens (stARB) through the Tally protocol, making any future rewards automatically compoundable, (re)staking, and compatible with DeFi. In addition, it will work with the Arbitrum DAO to decide whether and how to fund rewards and distribute them between token holders and delegators. The proposal will end voting on August 16.
Community Activities:
ETHGlobal Superhack 2024 hackathon will end on August 16
The Superhack 2024 hackathon will be held from August 2 to August 16, aiming to explore the future of multi-chain and superchain. Participants will experiment around OP Stack and meet new friends and mentors at the event. The hackathon offers a total of $200,000 in prizes, with major sponsors and prizes including Optimism ($24,500), Worldcoin ($20,000), Base ($20,000), Superform ($10,000), Celo ($10,000), EAS ($10,000), Conduit ($10,000), Pyth ($10,000), Fraxtal ($10,000), Metal L2 ($10,000), Blockscout ($5,000), Chainlink ($5,000), Mode ($5,000), Tenderly ($5,000), Goldsky ($5,000), thirdweb ($5,000), Farcaster ($5,000), and Alchemy ($5,000).
Token unlocking:
Arbitrum (ARB) will unlock approximately 92.65 million tokens at 9:00 pm Beijing time on August 16, accounting for 2.77% of the current circulation and worth approximately US$53.4 million.
Nym (NYM) will unlock approximately 2.84 million tokens at 8:00 am Beijing time on August 16, accounting for 0.36% of the current circulation and worth approximately $290,000.
Euler (EUL) will unlock approximately 47,400 tokens at 5:57 am Beijing time on August 16, accounting for 0.25% of the current circulation, with a value of approximately US$210,000
August 17
Exchange:
FTX customer compensation plan voting ends at 4 am on August 17
The voting for the FTX customer claims plan will end at 4:00 (UTC+8) on August 17. Earlier , the FTX Unsecured Creditors Official Committee stated on the X platform that the FTX debtors are sending comments to customers and creditors through Kroll and seeking voting. It is understood that if a user files a claim for holding only FTT, it will be deemed to reject the plan and will not have the right to vote, but can choose to participate in the release of the plan.
FTX Digital Markets Ltd. (Liquidating) has initiated the next phase of the liquidation process. FTX.com customers have until 4:00 PM EST on August 16, 2024 (4:00 AM GMT on August 17) to choose to participate in either the FTX Digital Markets Ltd. formal liquidation proceeding in the Bahamas (the "Bahamas Proceeding") or the Chapter 11 bankruptcy case in the United States (the "U.S. Proceeding"). All FTX.com customers, regardless of whether they have filed a claim in the U.S. Proceeding, are eligible to participate in the Bahamas Proceeding. However, they cannot continue to participate in both proceedings at the same time. The "Bahamas Claims Proceeding" distribution will be made on the same basis as the U.S. Proceeding, and returns are expected to be significantly greater than 100% of the outstanding balance on the bankruptcy date.
To help clients understand the selection process, multiple online question-and-answer (AMA) sessions have been scheduled prior to the deadline. Each session will begin with a brief overview of the Bahamian process, followed by a Q&A session. All FTX.com clients can attend, with no pre-registration required.
Token unlocking:
ApeCoin (APE) will unlock approximately 15.6 million tokens at 8:00 am Beijing time on August 17, accounting for 2.31% of the current circulation, with a value of approximately US$9.6 million.
Astar (ASTR) will unlock approximately 9.72 million tokens at 8:00 am Beijing time on August 17, accounting for 0.14% of the current circulation and worth approximately US$570,000.
August 18
Token unlocking:
Ethena (ENA) will unlock approximately 14.89 million tokens at 3:00 pm Beijing time on August 18, accounting for 0.82% of the current circulation and worth approximately US$4.6 million.
Forta (FORT) will unlock about 50,000 tokens at 8:00 am Beijing time on August 18, accounting for 0.01% of the current circulation, with a value of about $6,500
Specific time to be determined
Political elections:
The Democratic Party has launched the "Crypto for Harris" campaign to counter Trump's appeal to the cryptocurrency industry. Democratic cryptocurrency supporters plan to hold an online town hall meeting next week, where several guests, including entrepreneur Mark Cuban and SkyBridge Capital founder Anthony Scaramucci, will speak to discuss ways to support Harris' campaign and raise funds.
The event aims to attract 40 million American voters who own digital assets and show the Democratic Party's position on promoting the blockchain and cryptocurrency industry. The Republican Party's influence among cryptocurrency voters is rising, and Trump once promised to reduce regulation and set up a Bitcoin reserve at the Bitcoin Conference. However, Harris' campaign team recently introduced former Binance and Ripple consultants, showing its emphasis on the cryptocurrency industry.
