Must-watch next week | FTX bankruptcy plan takes effect; ZK and other projects airdrop applications closed (12.30-1.5)

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ODAILY
12-29
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Upcoming Key Events

December 30

New EU regulations require crypto exchanges to comply with the travel rule guidelines and strengthen anti-money laundering measures from December 30;

December 31

Jupiter: Active Staking Rewards claiming has been launched, with the claiming period ending on December 31;

Parcl: PRCL tokens need to be claimed before December 31;

January 1

Meme trading tool ABOT announces gradual business closure;

January 3

FTX customers will receive compensation within 60 days after the bankruptcy plan takes effect on January 3, 2025;

ZK airdrop claiming will be closed on January 3, 2025;

From December 30 to January 5, there are more industry events worth noting.

December 30

New EU regulations require crypto exchanges to comply with the travel rule guidelines and strengthen anti-money laundering measures from December 30

Odaily: The European Banking Authority (EBA) stated that it will take important measures to strengthen anti-money laundering (AML) measures, and the travel rule guidelines will be extended to crypto service providers and their intermediaries from December 30. This means that Crypto Asset Service Providers (CASPs) will be subject to the EU's anti-money laundering/counter-terrorist financing (AML/CFT) regime.

In addition, crypto service providers and intermediaries need to declare their multi-intermediary and cross-border transfer policies. (Cointelegraph)

Dutch AFM: The Crypto Asset Markets Regulation (MiCA) will take effect on December 30

Odaily: The Dutch Authority for the Financial Markets (AFM) reminded investors of the risks of "pump and dump" scams in the crypto market and announced that the Crypto Asset Markets Regulation (MiCA) will take effect on December 30. MiCA clearly prohibits market manipulation, and the AFM will be responsible for supervising and enforcing the new regulations in the Netherlands.

AFM stated that MiCA aims to improve transparency and market integrity in the crypto industry, although it cannot eliminate all risks. To this end, AFM has recently investigated several "pump and dump" cases and plans to enforce the regulations strictly after MiCA's implementation. In addition, industry experts warn that MiCA may lead to the migration of crypto companies to the Middle East, increasing the centralization risk of the industry.

December 31

Six Bitcoin mutual funds will be listed in Israel on December 31

Odaily: After receiving approval from the Israel Securities Authority (ISA), six mutual funds tracking the price of Bitcoin will debut in Israel next week. These six companies will start operating on the same day, December 31, and will be provided by Migdal Capital Markets, More, Ayalon, Phoenix Investment, Meitav, and IBI, with management fees ranging from 1.5% to 0.25%. One of the funds will use active management, aiming to outperform Bitcoin's performance. (Coindesk)

FLOCK launches on the Bybit spot market and opens Launchpool, trading will start at 8 PM on December 31

Odaily: FLock.io announced on the X platform that FLOCK has launched on the Bybit spot market and opened Launchpool, where users can mine using FLOCK, USDT, and MNT. Trading will start at 8 PM Beijing time on December 31.

Jupiter: Active Staking Rewards claiming has been launched, with the claiming period ending on December 31

Odaily: Jupiter announced on the X platform that the Active Staking Rewards claiming has been launched, with the claiming period ending on December 31. 50 million JUP and 7.5 million CLOUD will be distributed to active voters, with JUP added to users' staking and CLOUD added to their wallets.

It is reported that Active Staking Rewards voters need to stake at least 10 JUP (at the time of voting) to be eligible for ASR.

Parcl: PRCL tokens need to be claimed before December 31

Odaily: Parcl, a Solana-based real estate trading protocol, announced on the X platform that PRCL tokens have been launched, and early Parcl ecosystem adopters and core community members can claim them before December 31, 2024.

Nodepay: The second season activity will end on December 31, and users need to connect their wallets to ensure reward distribution

Odaily: The decentralized AI platform Nodepay announced on the X platform that the second season activity will end on December 31 at 11:59 PM (UTC time), with only about 4 days left. If users joined Nodepay during the second season, they need to obtain the Human Proof badge and connect their Solana wallet before the deadline to ensure they receive the second season's distribution. Once the wallet is connected, it cannot be changed, so please double-check that it is correct. If users were active in the 0th and 1st seasons and have completed these tasks, no additional steps are required. This step will increase users' initial share allocation on Nodepay in the future.

January 1

Meme trading tool ABOT announces gradual business closure

Odaily: Meme trading tool ABOT announced that it will gradually close its business, with the following arrangements: service fees will be reduced to 0; the Meme function will be removed on January 1, 2025; the non-Meme functions will be removed and the website will be closed on January 7, 2025; new feature development will continue until December 31, and the website will remain responsive to real-time issues until closure.

Kelp DAO's second airdrop season will start on January 1, 2025 and end on April 30, 2025

Odaily: The Ethereum liquidity re-staking platform Kelp DAO's second airdrop season (5% of the total supply) will run from January 1, 2025 to April 30, 2025. An additional 15% loyalty reward can be obtained by re-staking before January 15, 2025; the remaining 5% of the airdrop plan is pending.

January 2

None

January 3

FTX customers will receive compensation within 60 days after the bankruptcy plan takes effect on January 3, 2025

Odaily: Customers affected by the FTX bankruptcy will be able to receive the bankruptcy distribution through Kraken and BitGo, with the plan taking effect on January 3, 2025.

FTX stated in a statement on Monday that the "initial distribution" is expected to be made within 60 days after the effective date. FTX Debtors CEO John J. Ray lll said, "Our dedicated team has worked tirelessly and efficiently over the past two years to recover billions of dollars, culminating in this plan taking effect in January 2025 and commencing distributions, reflecting the tremendous success of the recovery efforts."

Previously, a representative of the FTX's largest creditor group, Sunil Kavuri, pointed out that FTX has announced two distribution partners, Kraken and BitGo, and a third one is about to be announced. Kavuri added that the funds can also be distributed through stablecoins. (The Block)

Global X's Bitcoin and Ethereum ETPs launched in Europe will increase their fees to 0.29% on January 3, 2025

Odaily reports that the Bitcoin and Ethereum ETPs launched in Europe by Global X, the US exchange-traded fund provider, will not charge any fees before January 3, 2025, after which the fees will become 0.29%. These two products were initially listed on the Xetra exchange in Frankfurt and the Swiss Stock Exchange in Zurich in March 2022, with a total expense ratio of 0.65%.

The ZK airdrop claim will close on January 3, 2025

Odaily reports that ZK Nation posted on the X platform stating that the ZK airdrop claim will close on January 3, 2025.

January 4

None

January 5

None

Source
Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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