Important news preview:
- The TON Foundation plans to launch the first season of the Open League on April 1, and will provide 30 million Toncoin community rewards, worth approximately US$115 million.
- dydx (DYDX) will unlock approximately 33.33 million tokens, worth approximately $115 million, at 8 a.m. April 1
- DeFi protocol Ethena announced plans to launch governance tokens and will airdrop tokens to users holding USDe on April 2
- Sui (SUI) will unlock approximately 34.62 million tokens at 8 a.m. on April 3, worth approximately $67 million.
- Jupiter LFG Launchpad’s first public offering project, Zeus Network, will launch public offering on April 4
- The 2024 Hong Kong Web3 Carnival will open on April 6
April 1
Exchange:
Coinbase to launch Litecoin and Bitcoin Cash futures trading on April 1
Derivatives exchange Coinbase Derivatives has announced that it will launch monthly cash-settled futures trading for Dogecoin, Litecoin and Bitcoin Cash on April 1. Coinbase is using the CFTC’s self-certification process to quickly list these futures contracts. This program allows exchanges to launch new products without waiting for direct approval from the CFTC, provided they confirm that the products comply with the Commodity Exchange Act and CFTC regulations. Coinbase Derivatives later announced that it would postpone the launch of the Dogecoin (DOGE) futures contract from April 1 to April 29.
Bitget will launch Launchpool project Dopamine (DOPE) on April 1st
Bitget is about to launch a new Launchpool project Dopamine (DOPE). This time, the BGB prize pool and the USDT prize pool will be opened at the same time, with a total prize pool of 3,333,330 DOPE pieces. Among them, the personal pledge limit of the BGB prize pool for this period is 20,000 BGB, and the personal pledge limit of the USDT prize pool is 10,000 USDT. The opening hours are from 19:00 on April 1st to 19:00 on April 11th (UTC+8).
HKVAEX will be suspended and closed in phases starting from April 1
According to an announcement from HKVAEX, HKVAEX will suspend services in phases starting from April 1, 2024, and its official website will be completely closed on May 1, 2024. It is reported that from now on, HKVAEX will no longer accept new user registration or virtual asset recharge services. The trading service will be closed at 23:59 on April 5, 2024. Users will not be able to place any new orders at that time, and all existing spot orders will be automatically canceled by the system. The official website of HKVAEX will be officially delisted on May 1, 2024. From that date, users will not be able to access any HKVAEX related content or services. Previously, the official website of the Hong Kong Securities Regulatory Commission showed that the virtual asset trading platform license application submitted by HKVAEX to the Hong Kong Securities Regulatory Commission has been withdrawn .
Project updates:
zkSync, an Ethereum Layer 2 network based on ZK Rollup, said on the ization, the network cannot rely on centralized intermediaries to run key protocol mechanisms. Since 7:59 on April 1, when users withdraw funds from the Ethereum main network through the zkSync native bridge, they need to conduct an additional transaction on Ethereum. To claim funds, Matter Labs will no longer be responsible for these fees. This will not impact users withdrawing funds through third-party bridges.”
Manta Network tweeted that the withdrawal of wUSDM to USDC is being processed and the funds are safe. wUSDM withdrawals are bridged to the ETH mainnet via a native bridge. Manta Pacific has a 3-day challenge period during which withdrawn funds are locked to detect any fraudulent activity. Mountain Protocol will receive the funds and process the request after 3 days, and the first batch of wUSDM to USDC conversions are expected to arrive at the L1 withdrawal address before April 1, 2024.
The TON Foundation plans to launch the first season of the Open League on April 1, and will provide 30 million Toncoin community rewards worth approximately US$115 million. TON projects compete monthly to win prizes, and TON chain users can earn rewards for their activity. The first season of Open League includes four systems: The League, Token Mining, Tasks and Airdrops, and Liquidity Pool Increase.
Decentralized social network protocol CyberConnect has announced the launch of an ecosystem funding program, with plans to invest $2 million worth of CYBER tokens. Funding committee nominations are now open, with the first round of applications opening on April 1 and closing on April 12. The winner will be announced on May 3rd.
Governance voting:
Uniswap DAO considers expanding reserve beyond UNI token, temperature check vote to end on April 1
Uniswap DAO, which has $5 billion in funding, has been content to keep its reserves denominated solely in its native UNI token, but that may be changing. A new Uniswap DAO proposal states: “If the DAO needs to fund certain initiatives, we should be able to withdraw reserves without causing significant damage to the token price.” The proposal claims that the value of Uniswap funds will reach 2021 Rising to nearly $19 billion at its peak, it fell to $1.5 billion during the 2022 market crash — this kind of fluctuation in the value of Uniswap funds is not ideal. To prevent further instability, the DAO is currently voting on a proposal to establish an advisory committee to help Uniswap diversify its funding.
In addition to diversification, the committee aims to examine how to transform Uniswap’s treasury from a dormant reserve of UNI tokens into a pool that can earn yield and additional revenue for the DAO, the proposal states. The committee, known as the Uniswap Financial Working Group, will explore plans to manage the protocol’s reserves and generate additional revenue for the project, while recommending a $74,000 budget for members for eight weeks of research efforts. According to data from off-chain voting platform Snapshot, early voting data shows that the proposal has received great support, with a support rate of 79.61% among participants. This temperature check voting will end on April 1.
Token Unlocked:
ZetaChain (ZETA) will unlock approximately 5.29 million tokens, worth approximately $11.2 million, at 8 a.m. April 1
dydx (DYDX) will unlock approximately 33.33 million tokens, worth approximately $115 million, at 8 a.m. April 1
Manta Network (MANTA) will unlock approximately 1.87 million tokens, worth approximately $5.6 million, at 7:59 AM on April 1
Tornado Cash (TORN) will unlock approximately 91,600 tokens at 11:30 AM on April 1st, worth approximately $240,000
Acala (ACA) will unlock approximately 27.43 million tokens, worth approximately $4.8 million, on April 1 at 3 p.m.
April 2
Exchange:
Coinbase will suspend UNFI trading on April 2
Coinbase Assets tweeted that based on a recent review, Unifi Protocol DAO (UNFI) transactions on Coinbase.com, Coinbase Exchange and Coinbase Prime platforms will be suspended at approximately 2 a.m. Beijing time on April 2, 2024. The platform has converted the UNFI order book to limit mode. Limit orders can be placed and canceled, and matches may occur.
Project updates:
DeFi protocol Ethena announced plans to launch governance tokens and will airdrop tokens to users holding USDe on April 2. The protocol plans to airdrop 750 million ENA tokens, accounting for 5% of the total supply. The campaign to earn “shards,” which entitles users to airsell the tokens, will end on April 1. Users who unstake, unlock, or sell all USDe before this date will not be eligible for the airdrop. Users will be able to claim tokens starting on April 2, when ENA will be listed on centralized exchanges. After the airdrop ends, Ethena will launch a new reward activity for the next stage of airdrop.
Bounce Launchpad will launch liquidity re-pledge project Euclid Finance on April 2
The decentralized auction platform Bounce Brand announced on the At 16:00, the AUCTION pledge pool and the whitelist fixed price pool will be available. Among them, all users of the AUCTION pledge pool can participate, with a total fundraising amount of US$226,600 and an ECL supply of 11.33 million. Participants in the whitelist fixed-price pool need to earn E points by participating in the Euclid LRT tournament, with a total raised of US$300,000. The Swap transaction currency is USDT, and the Swap ratio is 1 ECL = 0.02 USDT. Currently, the two ECL ID0 pools are not online yet.
QnA3.AI will start the second round of airdrops at 12:00 on April 2
AI+DePIN knowledge platform QnA3.AI announced on the Users who have not yet applied for points. Previously, QnA3.AI stated that it would launch the second round of airdrops at 12:00 on April 2, and 5 million GPT tokens would be distributed. For users who missed or have not yet received the first round of airdrop rewards, they need to claim their points before March 15th, and the team will take a snapshot on March 15th.
Fetch.ai announced the details of its merger with SingularityNET and Ocean Protocol, and plans to rename their respective tokens to ASI. Governance proposals will be submitted to the community, with voting expected to begin on April 2, Fetch.ai on April 7, and all proposals expected to be completed on April 16. If approved, ASI’s total supply will be 2.63 billion. The FET exchange ratio is 1:1, and OCEAN and AGIX will be exchanged for ASI at a fixed ratio. The token swap contract has been tested and audited, details will be confirmed with partners and exchanges, and more token economic model documentation is planned to be released next week.
Bounce Launchpad will launch liquidity re-pledge project Euclid Finance on April 2
The decentralized auction platform Bounce Brand announced on the At 16:00, the AUCTION pledge pool and the whitelist fixed price pool will be available. Among them, all users of the AUCTION pledge pool can participate, with a total fundraising amount of US$226,600 and an ECL supply of 11.33 million. Participants in the whitelist fixed-price pool need to earn E points by participating in the Euclid LRT tournament, with a total raised of US$300,000. The Swap transaction currency is USDT, and the Swap ratio is 1 ECL = 0.02 USDT. Currently, the two ECL ID0 pools are not online yet.
April 3
Exchange:
Binance will delist DREP, MOB, and PNT on April 3
Binance announced that it will stop trading and delist the following currencies at 11:00 on April 3, 2024 (Eastern Eighth District time): DREP (DREP), Mobilecoin (MOB), pNetwork (PNT). The trading pairs that will be removed include DREP/BTC, DREP/USDT, MOB/BTC, MOB/USDT, and PNT/USDT. After trading is stopped, all pending orders will be automatically canceled.
Project updates:
Wormhole will open airdrop applications on April 3
Wormhole announced on Twitter that it will open airdrop claims (Claim) at 19:30 on April 3, 2024, Beijing time.
Frax Finance plans a second snapshot on April 3 to calculate more FXTL points
Stablecoin protocol Frax Finance previously took a snapshot of the veFXS balance on the Ethereum mainnet at 8:00 (Beijing time) on March 7 for the purpose of calculating FXTL points. In light of high Ethereum gas fees and widespread user demand, Frax Finance is also planning a second snapshot on April 3 to calculate more FXTL points. This snapshot will include Fraxtal and veFXS balances on the Ethereum mainnet.
Token Unlocked:
Sui (SUI) will unlock approximately 34.62 million tokens at 8 a.m. on April 3, worth approximately $67 million.
April 4
Project updates:
Justin, the founder of Zeus Network, the first public offering project of Jupiter LFG Launchpad, revealed in the live broadcast that its token public offering is scheduled for April 4, 2024. In addition, Zeus Network will also provide other benefits to users who previously participated in Launchpad voting, including providing additional ZEUS token rewards, exclusive access to Zeus Network’s first dApp APOLLO’s testnet next week, and access to Zeus Network’s official Discord Get exclusive characters.
Detained Binance executive Tigran Gambaryan has launched legal proceedings against Nigerian authorities, including National Security Advisor (NSA) Nuhu Ribadu and the Economic and Financial Crimes Commission (EFCC), accusing them of human rights abuses. Meanwhile, the Nigerian authorities’ tax evasion case against the crypto trading platform and its executives is expected to begin on April 4. Gambaryan filed a motion before the Federal High Court in Abuja, setting out five key demands. The demands include a declaration that his detention and continued confiscation of his passport violates his right to liberty under the Nigerian constitution; a court order for his immediate release and return of his passport; and a permanent injunction preventing further detention by authorities in connection with the Binance investigation. he. Additionally, the motion seeks a public apology and stipulates that the defendants be responsible for all costs incurred during the proceedings.
April 5
Project updates:
Web3 base layer Mystiko issued a statement stating that its token XZK has been launched for community sale on CoinList, with the unit price set at US$0.15. The event deadline is 1:00 on April 5, Beijing time, and the maximum purchase limit for each participant is US$3,000.
Bitcoin Layer 2 infrastructure project Bitlayer Labs plans to launch the first mainnet on April 5
Bitlayer is the Bitcoin security equivalent Layer 2 based on the BitVM paradigm and is committed to becoming the computing layer of Bitcoin. It plans to launch the first version of the mainnet on April 5 and launch the ecological incentive program Ready Player One. Bitlayer previously announced the completion of a US$5 million seed round of financing. This round of financing was jointly led by Framework Ventures and ABCDE Capital. Participating institutions include StarkWare, OKX Ventures, Alliance DAO, UTXO Management, Asymmetric Capital, Kenetic Capital, etc.
Token Unlocked:
Liquity (LQTY) will unlock approximately 657,000 tokens, worth approximately $1 million, at 8 a.m. April 5
Galxe (GAL) will unlock approximately 3 million tokens, worth approximately $15 million, on April 5 at 8am
April 6
community activity:
The 2024 Hong Kong Web3 Carnival will open on April 6
The 2024 Hong Kong Web3 Carnival will be held from April 6th to 9th. It will be co-sponsored by Wanxiang Blockchain Laboratory and HashKey Group, and hosted by W3ME. It will join hands with 160+ global hot projects, 100+ industry vertical media, and 300+ experts and scholars , well-known project representatives, industry leaders and other guest speakers.
April 7
Token Unlocked:
Hashflow (HFT) will unlock approximately 13.62 million tokens, worth approximately $6.2 million, on April 7 at 8 a.m.
