Take a look at the most noteworthy industry events and important project developments in the coming week.
- TOKEN 2049 WEEK will be held from September 16th to September 22nd.
- Approximately $49.19 million worth of ARB was unlocked on September 16.
- Trump's cryptocurrency project World Liberty Financial will officially launch on September 16.
- The documentary "Vitalik: The Ethereum Story" will be released globally on September 18.
- Catizen token CATI will be released at 18:00 on September 20.
This week (September 16-September 22, 2024), Web3 events are not to be missed. The following is a preview of this week’s highlights:
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Important Events
Former Celsius CEO Alex Mashinsky's fraud trial is scheduled for September 17, 2024.
The documentary "Vitalik: The Ethereum Story" will be released globally on September 18.
The sentencing of Trump's "hush money" case, which was scheduled for September 18, has been postponed to November 26, three weeks after the US presidential election voting day on November 5.
The Federal Reserve will announce its latest interest rate decision at midnight on September 19, Beijing time. The market generally predicts that the Federal Reserve will make a decision to cut interest rates at this meeting. The key question is whether it will be cut by 25 or 50 basis points.
The plan confirmation hearing for the Chapter 11 bankruptcy reorganization case of Terraform Labs Pte Ltd (TFL) and Terraform Labs Limited (TLL) has been scheduled for September 19, 2024 at 22:00 Beijing time.
The deadline for the U.S. Securities and Exchange Commission (SEC) to decide on Bitcoin ETF options is around September 21, but after that, the U.S. Office of the Comptroller of the Currency (OCC) and the U.S. Commodity Futures Trading Commission (CFTC) need to take more steps. Bloomberg ETF analyst James Seyffart predicts that Bitcoin ETF options may be launched in the fourth quarter of this year.
Project Progress
Solana Atomic SVM Layer 2 Sonic plans to start selling $12.8 million worth of HyperFuse nodes, which is expected to be carried out in three phases: a lottery on September 16, a public whitelist release on September 18, and a public sale on September 19. Node buyers can receive token rewards while contributing to the security of the HyperGrid network. Nodes can be run on computers or cloud servers.
VanEck will close and liquidate its Ethereum futures ETF "EFUT", and fund shareholders can sell their shares on the fund's listing exchange until the close of September 16, 2024 (broker-dealer transaction fees may be incurred).
Binance Launchpool will list Catizen (CATI), mining will start at 8:00 on September 16, 2024, and users will be able to lock BNB and FDUSD within four days to receive CATI airdrops. In addition, Binance will list CATI at 18:00 on September 20.
Trump announced that his cryptocurrency project World Liberty Financial will be officially launched on September 16. The project aims to "embrace the future of cryptocurrency" and "abandon outdated large banks." The project will be based on the decentralized financial platform Aave and the Ethereum blockchain and will revolve around the "credit account system." Corey Caplan, co-founder of the derivatives protocol Dolomite, was appointed as a project consultant.
Firo (FIRO) will undergo a network upgrade and hard fork at block height 958,655 (estimated at 13:00 on September 16). Binance plans to suspend the token deposit and withdrawal services of the Firo (FIRO) network at 12:00 on September 16 to support its network upgrade and hard fork.
Binance isolated margin trading will undergo a system upgrade at 15:15 on September 16, 2024, which will take about 30 minutes. During the upgrade, Binance isolated margin trading service may become unstable.
The privacy public chain Namada stated that Pre-Genesis Phase 1 will end at 5:00 am Beijing time on September 17. In Phase 2 (delegation), users can still create verification nodes, but will not be able to edit or delete them.
The Eigen Foundation announced that the second season Stakedrop will be unlocked soon, which will reward key contributors and participants in the ecosystem, including stakers and operators, ecosystem partners, and the community. The total amount of EIGEN allocated to stakers and operators in the second season is approximately 70 million EIGEN (approximately 4.2% FDV); the total amount allocated to ecosystem partners is up to 10 million EIGEN (approximately 0.6% FDV); the total amount allocated to the community is approximately 6 million EIGEN (approximately 0.35% FDV). Token collection will be open on or before September 17.
The ether.fi Season 3 airdrop checker is scheduled to go live on September 17 and will be open for claiming on September 23. Participating users can choose to claim ETHFI tokens on the Ethereum mainnet, Arbitrum or Base before September 15.
Sushi has delayed the launch of its meme token launch product Dojo to September 17th.
The release of Focus, a social application built on DeSo, has been postponed to 2:11 am Beijing time on September 18.
Binance Japan will delist XEM on September 18.
DeFi protocol Sky (formerly MakerDAO) announced that starting from September 18, eligible users can upgrade DAI to USDS at a 1:1 ratio, or exchange supported cryptocurrencies for USDS, thereby unlocking Sky token rewards in the form of SKY tokens and Sky Savings Rate.
Binance will launch the SUI coin- based perpetual contract at 18:00 on September 18, supporting up to 20x leverage.
HashKey Exchange will open ARB/USD trading at 16:00 on September 19, 2024.
The "Babylon Season" event launched by Bybit Web3 will last until September 20, aiming to increase the liquidity of the BTC ecosystem and distribute rewards. Six projects including PumpBTC, Solv, B² Network, pStake, Bedrock and Babypie are participating in this event.
Catizen token CATI will be released on September 20, and exchanges such as Binance , Bitget , and Bybit will launch CATI at 18:00.
Decentralized derivatives trading platform Rollup.Finance will cease operations and its infrastructure will be fully shut down after September 21, 2024. Users will have one month to close their positions and withdraw funds.
Upcoming Events
TOKEN 2049 WEEK will be held in Singapore from September 16 to 22, with the main event TOKEN2049 Singapore 2024 being held from September 18 to 19. Foresight News has collected 280 TOKEN 2049 peripheral activities. Click here to quickly collect them .
The Solana ecosystem summit Solana Breakpoint 2024 will also be held in Singapore from September 20th to 21st.
ETHGlobal Singapore, a hackathon event for the Ethereum ecosystem, will be held in Singapore from September 20 to 22, 2024.
The application deadline for the BNB Chain Season 8 MVB Accelerator Program is 7:59 on September 19, 2024.
Token Unlock
According to Token Unlocks data, this week ARB, ID and APE will have a one-time large-scale token unlocking, with a total release value of over 80 million US dollars, including:
Arbitrum (ARB) will unlock 92.65 million tokens at 21:00 on September 16, worth approximately $49.19 million, accounting for 2.65% of the circulation;
SPACE ID (ID) will unlock 78.49 million tokens at 8:00 on September 22, worth approximately $27.19 million, accounting for 18.23% of the circulation;
ApeCoin (APE) will unlock 15.6 million tokens at 8:00 on September 17, worth approximately $11.46 million, accounting for 2.31% of the circulation;
Lista DAO (LISTA) will unlock 24.68 million tokens at 17:00 on September 20, worth approximately US$8.66 million, accounting for 12.31% of the circulation.
Proposal Voting
The review process for Optimism's fifth round of retroactive public goods funding will take place from September 6 to September 20, voting will take place from September 21 to October 4, and the results will be announced and the grants will be delivered on October 10.
