Next week's highlights
Powell will have a window next Friday to set the tone for a September rate cut ;
Babylon will launch the first phase of its Bitcoin staking mainnet next week .
From August 19 to August 25, more noteworthy events in the industry are previewed below.
August 19
Odaily Odaily reported that according to the official announcement, Upbit has updated 34 terms of service, which will take effect on August 19, 2024. These include the cancellation of existing unfulfilled orders in order to protect users when changing services (but in this case, Upbit needs to notify users in advance); recharge services will no longer be provided for digital assets that are no longer supported for trading, and they will be treated as waiting for recharge. During the withdrawal support period, users can request the return of pending digital assets through the Upbit Customer Center; minimum recharge and withdrawal amounts for digital assets are newly specified on the website or service, and users must check the minimum recharge and withdrawal amounts and other requirements before recharging or withdrawing digital assets.
Binance will gradually remove CVP, EPX, FOR, LOOM, REEF, and VGX related transactions from August 19
Odaily Odaily News According to official news, Binance announced that it will gradually delist and stop all related transactions of 6 tokens from August 19, 2024 Beijing time. These tokens include PowerPool (CVP), Ellipsis (EPX), ForTube (FOR), Loom Network (LOOM), Reef (REEF) and VGX Token (VGX).
Flare Network: XRP testnet and FAssets public beta will be reset on August 19
Odaily Odaily News Flare Network posted on X that its XRP testnet will be reset on August 19, and the FAssets public beta will also be reset. The team will resume testing by airdropping new TestXRP, official dashboard, FTestBTC support, and more updates.
Bounce Brand announces details of BN token IDO, which will take place on launchpad on August 19
Odaily Odaily News Bounce Brand announced the details of its IDO for BN tokens. The IDO will be conducted on the Bounce launchpad platform from 18:00 on August 19 to 18:00 on August 21, Beijing time, with a total supply of 4.2 million BN.
IDO is divided into three pools: AUCTION staking pool (Ethereum, supply of 1.05 million $BN, fundraising of 12,500 US dollars), fixed price public pool (Ethereum, supply of 2.73 million BN, price 1 BN = 0.011905 US dollars) and fixed price whitelist pool (Ethereum, supply of 420,000 BN, price the same as the public pool).
August 20
Odaily Odaily News Binance.US published a statement on X stating that due to regulatory developments in Washington, the platform will suspend operations for Washington customers and close all accounts in the state on or after August 20, 2024.
Odaily Odaily reported that DOGS posted in the Telegram community that it has opened DOGS token applications for Telegram wallets and CEX. Users will not receive the tokens immediately. These tokens will be deposited into the airdrop application account selected by the user before August 20.
Odaily Odaily News: Floki officially announced on the X platform that Simon's Cat meme coin is scheduled to be launched on TokenFi Launchpad on August 20, and 18.5% of the total will be distributed to FLOKI token holders.
It is reported that "Simon's Cat" is a well-known cat-themed animation series, and its emoticon series is also very popular. The launch of this meme coin will be in cooperation with Floki, DWF Labs and BNBChain, and will be exclusively launched on the BNB chain. The token code is CAT, the total supply is 9,000,000,000,000, the pre-sale fundraising amount is 4.25 million US dollars, the pre-sale market value is 25 million US dollars, and all will be unlocked and put into circulation during TGE.
August 21
Odaily Odaily News Scroll announced at X that it will upgrade Darwin Proof Recursion on August 21. This upgrade will reduce the gas fee by about 34%.
Through the Darwin hard fork, multiple batches of proofs will be bundled into one validity proof, reducing the cost of verification. Scroll will deploy this upgrade on the Scroll Sepolia testnet on August 14, and then on the mainnet.
August 22
Odaily Odaily News: Next week, the market will usher in several important events, among which Federal Reserve officials will also make intensive speeches next week. Among them: at 21:15 on Monday, Federal Reserve Board member Waller will give an opening speech at the summer seminar on currency, banking, payments and finance; at 1:35 on Wednesday, 2024 FOMC voting member and Atlanta Fed President Bostic will give a speech; at 2:00 on Thursday, the Federal Reserve will release the minutes of the monetary policy meeting; on Thursday, the Jackson Hole Global Central Bank Annual Meeting will be held; at 22:00 on Friday, Federal Reserve Chairman Powell will give a speech on the economic outlook at the Jackson Hole Annual Meeting. In addition, the August S&P Global PMI data for the United States will be released on Thursday night next week. If the data is unexpectedly weak, market concerns about the United States falling into a recession may intensify and cause traders to increase their bets that the Federal Reserve will cut interest rates by a larger margin this year, which will be a blow to the US dollar. (Jinshi)
Deadline for filing cryptocurrency loss claims in Terraform Labs bankruptcy case set for August 22
Odaily Odaily News: Terra officially announced on the X platform that the preliminary deadline for cryptocurrency loss claims in the bankruptcy case of Terraform Labs Pte Ltd (TFL) and Terraform Labs Limited (TLL) has been changed to 5:00 am on August 22, 2024 (UTC+ 8).
OKX plans to adjust the gradient tier rules of some contracts on August 22
Odaily Odaily reported that according to the official announcement, OKX plans to adjust the gradient gear rules of some contracts from 4:00 to 6:00 pm (UTC+8) on August 22, 2024. The perpetual contracts involved include: ALGOUSD perpetual contract, CETUSUSDT perpetual contract, CROUSDT perpetual contract, CSPRUSDT perpetual contract, CTCUSDT perpetual contract, FOXYUSDT perpetual contract, MANAUSD perpetual contract, SANDUSD perpetual contract, TNSRUSDT perpetual contract, UXLINKUSDT perpetual contract, XCHUSDT perpetual contract, ZEUSUSDT perpetual contract; the pre-market trading contracts involved include: HMSTERUSDT delivery contract.
Gitcoin Grants 21 will end at 7:59 on August 22
Odaily Odaily News Gitcoin Grants 21 will end at 7:59 on August 22. The theme of this round of grants is to work with partners and enhance the capabilities of external communities. This round includes Celo and Arbitrum ecological rounds and 9 community rounds. There is no need to collect Passport stamps anymore, and it is supported by Gitcoin Grants Stack.
August 23
Powell will have a window to set the tone for a September rate cut next Friday
Odaily Odaily News: Federal Reserve Chairman Powell is scheduled to speak on the economic outlook at 10:00 pm Beijing time next Friday, the first full-day meeting of the Kansas City Federal Reserve's annual economic symposium in Jackson Hole, Wyoming. The annual meeting of global central banks provides Powell with an opportunity to make an updated assessment of the trajectory of the U.S. economy and the outlook for monetary policy between the Fed's July and September policy meetings. Last month, he said that if inflation and the labor market continue to cool, the Fed may consider cutting interest rates at its next meeting.
Odaily Odaily News: According to sources: The Japanese parliament will hold a special meeting in the lower house committee on August 23 to discuss the Bank of Japan's interest rate hike, and may ask Bank of Japan Governor Kazuo Ueda to attend. (Jinshi)
August 24
None
August 25
Odaily Odaily reported that Maelstrom, a crypto investment fund owned by Arthur Hayes, former CEO of BitMEX, launched a Bitcoin funding program. Applications close on August 25. The goal of the program is to help the technological development of Bitcoin and enhance its flexibility, scalability, anti-censorship and privacy features.
Others (specific time undetermined)
Eigen Labs plans to deploy "permissionless token support" on the EigenLayer protocol next week
Odaily Odaily News Eigen Labs is launching permissionless token support on the EigenLayer protocol, which will allow ERC-20 tokens to be added as restorable assets. Eigen Labs said that after completing the initial "testing phase" on the test network, it is expected to launch the mainnet deployment next week. (TheBlock)
Babylon to launch first phase of Bitcoin staking mainnet next week
Odaily Odaily reported that Babylon published an article on X stating that the first phase of the Bitcoin staking mainnet will be launched next week, and Bitcoin holders will be able to start locking BTC for staking.
BounceBit: Updates to CeDeFi V2 and BounceClub V2 will be released next week
Odaily Odaily News BounceBit posted on the X platform, stating that it will release updates for BounceBit CeDeFi V2 and BounceClub V2 next week.
And asked users to pay attention to fake links and content related to BunceBit updates.
Odaily Odaily News: Modular ZKVM project Ola announced that it will allocate 2% of the total Ola token supply to the second season validators of its mobile ZKP node verification network Massive, which is twice the amount of the first season. This amount combines the results of community proposals and the total number of participants in the second season. Users can now check the percentage of points for this season through the Massive App or the Ola official website. The function of checking the number of tokens and the percentage of individual tokens is expected to be launched next week.
