This week's news preview | Spot Ethereum ETF is expected to be issued on July 23; Trump will attend the 2024 Bitcoin Conference; Layer3 will launch an airdrop query page

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Arrangement: Fairy, ChainCatcher

Key news:

July 22 (Monday)

Wall Street Journal: US SEC plans to announce the effectiveness of the Ethereum ETF registration statement next Monday

According to the Wall Street Journal, the U.S. Securities and Exchange Commission (SEC) told asset management companies that spot Ethereum ETFs could be launched on July 23. After asset management companies submitted the last round of filings this week, the SEC is expected to announce the effectiveness of the Ethereum ETF registration statement next Monday. Once the statement takes effect, the spot Ethereum ETF can begin trading.

zkLink: Novadrop first round of ZKL token redemption will start on July 22

zkLink posted on the X platform that the first round of ZKL token redemption for Novadrop will begin on July 22.

Matrixport's first private domain strategy trading championship ends

Matrixport's first Private Domain Strategy Trading Championship will be held in the form of weekly qualifiers and will last for 4 weeks (until July 22).

During the competition, Matrixport will judge based on the profit of the strategy and the number of orders placed. The strategy will be divided into two lists to compete for a weekly bonus of up to 3,700 USDT, exclusive top rates and exclusive customized gift packages.

Mode Network announced that it will conduct a community hard fork on July 22

OP Stack L2 project Mode Network announced on X that it will conduct a community hard fork on July 22.

According to RootData , Mode is an OP Stack L2 designed for growth that incentivizes and directly rewards developers, users, and protocols to develop the Mode and Superchain ecosystem. Mode has designed contract revenue sharing incentives at the protocol layer. Applications and users that expand the Mode blockchain will directly receive a portion of the network sequencer's profits.

Binance suspends token deposits and withdrawals for IoTeX (IOTX) network

According to the official announcement, Binance is expected to suspend the token deposit and withdrawal services of the IoTeX (IOTX) network at 07:00 on July 22, 2024, Eastern Time 8, to support its network upgrade and hard fork. This move is aimed at providing users with a high-quality experience. The project will perform a network upgrade and hard fork at block height 31,174,201 (estimated to be 08:05 on July 22, 2024, Eastern Time 8).

Binance will complete the minimum price accuracy adjustment for some spot trading pairs before 13:00 on July 22

According to the official announcement, Binance will complete the adjustment of the minimum price accuracy (i.e. the minimum value of the unit price increase or decrease) of some spot trading pairs before 13:00 (Eastern Time) on July 22, 2024. Including:

  • AR/FDUSD adjusted from 0.001 to 0.01;
  • AR/TRY adjusted from 1 to 0.1;
  • AR/USDC adjusted from 0.001 to 0.01;
  • AR/USDT adjusted from 0.001 to 0.01;
  • ARKM/USDC adjusted from 0.0001 to 0.001;

July 23 (Tuesday)

Trailer for the documentary "Vitalik: The Ethereum Story" will be released on July 23 as Zora Mint

Ethereum Stories co-producer Linda Xie posted on X: "The Ethereum Stories documentary has been in the works for more than 3 years and is about to be shared with the world. We will release the feature documentary "Vitalik: The Ethereum Story" and the "Ethereum Story" short film series. Thank you very much to our Mirror crowdfunding supporters for making this possible." In addition, it stated that before the documentary's mainstream debut on traditional streaming platforms, a complete crypto-native distribution will be launched, including on-chain tickets and more than 250 global IRL premieres.

The specific casting and release plan is as follows:

Phase 1: The documentary will be released as Zora Mint on July 23. The top 20 casters will receive premiere tickets, credits at the end of the film, and other rewards;

Phase 2: Pre-sale of movie tickets will start on the Base chain on July 26;

Phase 3: Global launch on September 18;

Phase 4: Films will continue to be screened until autumn 2024;

Phase 5: Launch on major streaming platforms by the end of 2024 or 2025.

Spot Ethereum ETF is expected to be issued on July 23

Eric Balchunas, Bloomberg ETF analyst, wrote on the X platform: "It is reported that the SEC finally responded to the issuer today, requiring them to return the final S-1 document (including fees) on Wednesday and then apply for effectiveness after the close of Monday so that it can be issued on Tuesday, July 23."

VanEck, Fidelity and other 5 Ethereum spot ETFs will be listed on Cboe on July 23

According to Cboe’s official website, five Ethereum spot ETFs from VanEck, Invesco, Fidelity, 21Shares, and Franklin Templeton will begin trading on July 23.

Russia’s Duma committee expected to hold first review of crypto mining regulation bill on July 23

Bitcoin News tweeted that the Russian Duma Committee recommended the first round of approval of the Bitcoin mining regulation bill. The revised bill authorizes the Russian government to work with the Bank of Russia to develop mining regulations for individuals, companies and mining pools. The document was initiated by a group of representatives of different factions led by Anatoly Aksakov, chairman of the State Duma Financial Markets Committee, and is expected to be reviewed at the meeting on July 23.

LayerZero Foundation: Final distribution of bounty hunters will be carried out on July 23

The LayerZero Foundation said that the provisional list of bounty hunters and other details have been uploaded to the Commonwealth platform. Bounty hunters can review this provisional list before 00:00 UTC on July 21. The final distribution will be carried out before the end of the day on July 23 (Tuesday).

Assignments are made at the discretion of the LayerZero Foundation and are subject to change. This list should not be considered the final sybil list or reused as is. This list does not take into account unreviewed reports or reports that are later determined to be false positives.

Avail will be launched on the mainnet on July 23

Modular blockchain project Avail stated on social media that it will launch mainnet on July 23.

July 24 (Wednesday)

Binance will remove TUSD from cross and isolated margin leverage

According to the Binance announcement, Binance margin trading platform will remove TUSD trading pairs from cross margin and isolated margin margin at 14:00 (Beijing time) on July 24, 2024. The delisted cross margin trading pairs include BTC/TUSD and TUSD/USDT, and the isolated margin margin trading pairs include BTC/TUSD and TUSD/USDT.

Token distribution protocol Layer3 will launch airdrop query page on July 24

The token distribution protocol Layer3 Foundation announced in its official Discord community that it will release the initial L3 token distribution checker on July 24, but the token will not be launched on that date. The Layer3 Foundation said that they have been working hard to get feedback from the community and create a token economic model that is consistent with the long-term development of Layer3.

MapleStory Universe to Launch MapleStory N Pioneer Beta on July 24

MapleStory Universe , a blockchain gaming ecosystem, announced today that the first pioneer test of MapleStory N is now open for tester registration.

The registration period is from 5:00 on July 1 to 4:59 on July 7 (UTC). The tester nomination announcement will be released on July 18, and the pioneer test period is from July 24 to August 2.

July 25 (Thursday)

Zeta Markets: Will start distributing 8 million ZEX incentives from the Genesis Epoch on July 25

Zeta Markets announced on social media that 8% of the token supply has been distributed to 80,000 traders, and the other 30% (300 million tokens) will be allocated to platform incentives during the next 90 epochs. The 8 million ZEX incentives of the Genesis Epoch will begin to be distributed on July 25. Staking ZEX before July 25 will qualify for the staking airdrop (20 million ZEX).

Additionally, as part of the platform incentives, 2.7% of the supply is reserved for professional market makers and algorithmic traders to enhance Zeta’s liquidity.

Bitcoin 2024 will be held from July 25 to 27

The 2024 Bitcoin Conference will be held in Tennessee, USA from July 25 to 27. Trump is expected to attend the event and give a speech on site (expected to take place on the last day of the event, July 27).

Coinbase International plans to launch TAO, TON and TRB perpetual futures trading on July 25

Coinbase International and Coinbase Advanced plan to add support for Bittensor, Toncoin, and Tellor perpetual futures. TAO, TON, and TRB perpetual futures trading is scheduled to open on or after 9:30 a.m. (UTC) on July 25, 2024.

July 26 (Friday)

Chromia ProjectNet Mainnet Release Deadline

According to official news, Layer1 relational blockchain Chromia announced the launch of an incentive testing program with rewards including 250,000 CHR.

It is reported that the program consists of three separate programs, each with its own dedicated network running Chromia's mainnet candidate version: HackNet is designed for coders and advanced users and will run until June 28; ProjectNet is designed for developers and will run until July 26; QuestNet is designed for everyday users and will be launched on June 18 and will run until August 30.

July 27 (Saturday)

Trump expected to attend Bitcoin 2024 and give a speech

Bitcoin Magazine CEO David Bailey tweeted to confirm that Trump will still attend and give a speech at the 2024 Bitcoin Conference in Nashville this month. The conference will be held from July 25 to 27, and Trump will give a 30-minute speech at 2 pm on the last day of the conference.

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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