Next week's highlights
Ethena Labs launches the second season of Sats, which is expected to end on September 2 ;
Polygon will start the MATIC to POL migration program on September 4 ;
TON: The Open League’s sixth season is set to launch on September 4 ;
Matrixport: The market is about to respond to the US non-farm payrolls data released on September 6 ;
The Sonic testnet will be launched next week .
From September 2 to September 8, more noteworthy events in the industry are previewed below.
September 2
Binance will stop the 7-day and 30-day fixed-rate lending services on September 2
Odaily Odaily reported that according to the official announcement, based on the latest evaluation results, Binance will stop the 7-day and 30-day pledge loan fixed-rate services at 12:00 on September 2, 2024 (Eastern Time Zone 8).
Starting from 12:00 pm (ET) on September 2, 2024, users will not be able to create new fixed-rate orders for collateralized loans or extend existing orders, including users using the SAPI endpoint, and it is recommended that users stop using the relevant endpoint before the above date. Ongoing fixed-rate orders for collateralized loans will not be affected until the order expires.
Note: VIP loan periodic interest rate orders are not affected by this service update.
Odaily Odaily News WazirX posted on X that it plans to hold the first Townhall meeting at 16:00 on September 2 to discuss the proposed restructuring and moratorium application.
Earlier news, WazirX announced on Wednesday that it had requested six months from the Singapore High Court to restructure its debt. This move will trigger a 30-day automatic moratorium. The hearing date for the court to decide whether to approve the moratorium has not yet been determined. The moratorium will provide Zettai with breathing space to restructure, which is the most effective way to resolve the cryptocurrency balances of users on the platform and facilitate user recovery.
Starknet will enable a test vote on activating STRK staking on September 2
Odaily Odaily News Starknet's test voting period for enabling the STRK staking function is from September 2 to September 4, and the voting period is from September 9 to September 13, 2024. Starknet said that the STRK staking function will be introduced into the Starknet ecosystem, and STRK holders will have the opportunity to comment on the proposed minting mechanism and its parameter modification conditions. Although the exact deployment schedule of the function has not yet been determined, the staking function is expected to be launched in October.
Ethena Labs launches the second season of Sats, which is expected to end on September 2
Odaily Odaily News According to official news, USDe developer Ethena Labs announced the launch of the second season of Sats. The new event will cooperate with Ethena to use BTC as a supporting asset. It is reported that the second season of activities will last for 5 months, until September 2, or until the USDe supply reaches 5 billion US dollars, whichever comes first. It is reported that if users do not make any activities that violate the airdrop rules in the near future, and add any new USDe to the new incentive plan of the same wallet on this basis, then users who participated in Season 1 will receive 20% more Sats in Season 2.
In addition, Ethena Labs also announced some new partnerships, including MakerDAO and Morpho, Mantle, Pendle and EigenLayer Points, as well as additional Pendle pools. The existing USDe Pendle pool on ETH L1 will reopen on April 2.
September 3
Binance plans to update request weight adjustment and WebSocket user data request on September 3
According to the official Odaily, Binance will update the request weight adjustment and WebSocket user data request at 14:00 (Eastern Time) on September 3, 2024. Binance encourages users to switch to the updated version endpoint for better performance and functionality.
Stylus Season is scheduled to launch on September 3
Odaily Odaily News Layer 2 scaling solution Arbitrum announced that they have updated the appearance of their official website in preparation for the "Stylus Season" that will be launched on September 3. Stylus is a new feature of Arbitrum, and the website provides development libraries and code samples, documentation and video tutorials, and user experience sharing.
September 4
Crypto advocacy group Stand With Crypto will tour several states in the U.S. starting September 4
Odaily Odaily reported that the crypto advocacy organization Stand With Crypto will tour several states in the United States starting on September 4, hoping to convert its 1.3 million online registrations into votes in support of the cryptocurrency industry.
The organization said that the first stop in Arizona will be attended by U.S. Senator Kyrsten Sinema (Arizona Independent) and Republican senior state lawmaker, Arizona House Speaker Pro Tempore Travis Grantham, and crypto entrepreneurs. After the event in Phoenix, Stand With Crypto will also travel to several other key swing states, such as Nevada, Michigan, Wisconsin and Pennsylvania to hold similar events. (CoinDesk)
Polygon will start the MATIC to POL migration plan on September 4
Odaily Odaily News: Polygon Foundation announced on X that it will start the MATIC to POL migration plan on September 4. In the initial stage, POL will replace MATIC as the native Gas and staking token of Polygon PoS, and in the subsequent stage, POL will play a key role in AggLayer.
TON: The Open League Season 6 to start on September 4
According to official Odaily, TON announced that the sixth season of The Open League will be launched on September 4, and other updates will be released at that time. TON said that it will take a break for a while and improve The Open League again to bring positive changes and take the game to a whole new level.
PancakeSwap extends the claim period for 2.4 million ZK airdrop to September 4
Odaily Odaily News PancakeSwap posted on X that it has extended the ZK airdrop claim period to 18:30 on September 4. This will be the only extension, when all unclaimed tokens will be returned to PancakeSwap for future development.
September 5
Optimism's fifth round of retroactive public goods funding is open for applications on September 5
Odaily Odaily reported that the application deadline for Optimism's fifth round of retroactive public goods fundraising is September 5. This round will reward 8 million OP tokens to OP Stack contributors between October 2023 and July 2024.
THORChain native blockchain will undergo a hard fork upgrade on September 5
Odaily Odaily reported that according to official news, the THORChain native blockchain will undergo a hard fork upgrade at 0:00 Beijing time on September 5, 2024, and is expected to be carried out at block height 17561740.
THORChain will suspend sending, redemption, and other operations while validators coordinate routine upgrades.
Odaily Odaily reported that Lucie, a member of the Shiba Inu marketing team, posted that the Shiba chain game Shiba Eternity has opened testing rights to LEASH stakers, and will be open to NFT holders for testing on September 5, including The Shiboshis and The Shiba Eternity Lore series.
September 6
Matrixport: The market is about to respond to the US employment data released on September 6
Odaily Odaily News Matrixport released a chart saying that Bitcoin is about to usher in the most challenging month of September. It said that historically, the return rate in September is negative. This year has added additional pressure, including the outlook for the US technology industry after Nvidia's earnings forecast, the Federal Reserve's policy decisions, and the upcoming US presidential election debate (Harris versus Trump). This September will have a significant impact on Bitcoin's price trend. From the end of 2022 until the second quarter of 2024, there is a strong correlation between Nvidia and Bitcoin. However, with the recent rebound in artificial intelligence and the surge in Nvidia's stock, Bitcoin has not kept up. The prices of both assets are breaking new lows, indicating that the depth of consolidation has increased. The market is about to respond to the US employment data released on September 6.
Mode Season 2 will run until September 6th and will distribute 500 million MODE tokens
Odaily Odaily reported that the L2 network mode built on OP Stack has started Season 2 on May 5 and will last until September 6.
500 million MODE tokens (5% of the total supply) have been allocated for the Season 2 airdrop, and up to 1 million OP tokens will be available through various incentives.
In addition, Season 2 will introduce applications such as Velodrome, Balancer, and new assets such as Ethena's USDe and sUSDe. Users can participate in MODE staking to obtain point bonuses and ecological airdrops.
September 7
None
September 8
Odaily Odaily News: Eigen Foundation issued a reminder on X: Season 1 EIGEN stakedrop application will end in less than 30 days. Users are requested to apply through the official announcement website before 14:59 on September 8, 2024.
Additionally, more details about Season 2 will be announced later this month (August).
Others (specific time undetermined)
Russia to start trial of using cryptocurrencies for cross-border payments next week
Odaily Odaily reported that Russia will begin trialing cross-border crypto payments next week to circumvent international sanctions. It is reported that the legislation was passed at the end of July and quickly signed into law by President Vladimir Putin, but it did not lift the existing ban on the use of cryptocurrencies as legal tender for regular payments in Russia, but allowed the use of cryptocurrencies for cross-border payments. (CoinDesk)
Sonic testnet will be launched next week
Odaily Odaily News Sonic Labs announced on X that the Sonic testnet will be launched next week.
Odaily Odaily: The Arena Yu X posted a message saying that the airdrop points have been distributed and the global rankings are being updated.
This week marks the last week of V1 points (points will be incorporated into ARENA when it launches). The last V1 points airdrop will be distributed next Monday, September 2nd. From then on, the team will switch the points system to V2 points. This will mark the beginning of Arena Uprising.
The campaign will continue through token releases and allow users to earn promotion points based on actions, community milestones achieved, and badges. More information about ARENA and Arena Uprising will be released this week and next.
