Arrangement: Fairy, ChainCatcher
Key news:
- Binance US will suspend operations for Washington customers starting August 20
- Terraform Labs bankruptcy case preliminary claims deadline is August 22 at 5 a.m.
- The Fed Chairman will deliver a speech on the economic outlook on the 23rd and set the tone for a rate cut in September.
- Federal Reserve officials will speak intensively next week and will release minutes of their monetary policy meeting on Thursday.
- BitDeer plans to issue $150 million in convertible bonds, which is expected to be completed on August 20
- OKX will launch DOGS/USDT spot trading pair on August 20
August 19 (Monday)
The Democratic National Convention will be held in Chicago from August 19 to 22
The Democratic National Convention is scheduled to be held in Chicago from August 19 to 22. The convention will formally nominate current Vice President Harris as the party's presidential candidate to compete with Republican presidential candidate Trump. Harris and her running mate, Minnesota Governor Waltz, will also deliver speeches at the convention to elaborate on their policy proposals.
Upbit plans to implement several new terms of service on August 19
According to the official announcement, Upbit has updated 34 terms of service, which will take effect on August 19, 2024. These include the cancellation of existing unfulfilled orders in order to protect users when changing services (but in this case, Upbit needs to notify users in advance); recharge services will no longer be provided for digital assets that are no longer supported for trading, and they will be treated as waiting for recharge. During the withdrawal support period, users can request the return of pending digital assets through the Upbit Customer Center; the minimum recharge and withdrawal amounts of digital assets are newly specified on the website or service, and users must check the minimum recharge and withdrawal amounts and other requirements before recharging or withdrawing digital assets.
Binance will delist CVP, EPX, FOR and other tokens
Binance will close all arbitrage strategies and automatically settle LOOM/USDT and REEF/USDT trading pairs at 06:00 (UTC) on August 19. Binance will delist and stop all spot trading pairs of 6 tokens at 11:00 Beijing time on August 26, 2024.
The specific trading pairs that have been removed include: CVP/USDT, EPX/USDT, FOR/BTC, FOR/USDT, LOOM/BTC, LOOM/TRY, LOOM/USDT, REEF/TRY, REEF/USDT, and VGX/USDT.
Flare Network: XRP testnet and FAssets public beta will be reset on August 19
Flare Network posted on X that its XRP testnet will be reset on August 19, and the FAssets public beta will also be reset. The team will resume testing by airdropping new TestXRP, official dashboard, FTestBTC support, and more updates.
Bounce Brand will conduct a BN token IDO on launchpad on August 19, with a total supply of 4.2 million tokens
Bounce Brand announced the details of its IDO for the BN token. The IDO will be held on the Bounce launchpad platform from 18:00 on August 19 to 18:00 on August 21, Beijing time, with a total supply of 4.2 million BN.
IDO is divided into three pools: AUCTION staking pool (Ethereum, supply of 1.05 million $BN, fundraising of 12,500 US dollars), fixed price public pool (Ethereum, supply of 2.73 million BN, price 1 BN = 0.011905 US dollars) and fixed price whitelist pool (Ethereum, supply of 420,000 BN, price the same as the public pool).
August 20 (Tuesday)
The pre-sale of the first batch of physical mining machines of Network3 will start on August 20, and IoTeX tokens will be jointly mined
During the industry conference DePINsubmit hosted by EV3, the head of the DePIN & Edge AI project Network3 ecosystem revealed in a panel with IoTeX Founder: Network3 will start pre-sale of the first batch of physical mining machines at 10 am California time on August 20, 2024. The physical mining machine can participate in the dual mining of IOTEX tokens and Network3 tokens at the same time.
It is reported that Network3 has achieved 5.5 million USD in pre-seed and seed rounds of financing. The next round of financing has already started, and many leading institutions have confirmed their participation. The official claimed that the Network3 project token $N3 has now started the listing process.
Binance US will suspend operations for Washington customers starting August 20
Binance.US announced on X that due to regulatory developments in Washington, the platform will suspend operations for Washington customers and close all accounts in the state on or after August 20, 2024.
Dogs: DOGS tokens are now available for redemption in Telegram wallets and CEX. Deposit to the corresponding account before August 20
According to a post by Dogs on the official Telegram channel, DOGS tokens are now available for redemption in Telegram wallets and CEX. Users will not receive the tokens immediately, but will receive them in the selected airdrop redemption account before August 20.
Simon's Cat meme token will be available on TokenFi Launchpad on August 20
Floki officials posted on social media that Simon's Cat meme coin will be launched on TokenFi Launchpad on August 20. 18.5% of the total will be distributed to FLOKI token holders.
OKX will launch DOGS/USDT spot trading pair on August 20
According to the official announcement of OKX, DOGS/USDT spot trading will start at 20:00 on August 20, Beijing time.
BitDeer plans to issue $150 million in convertible bonds, which is expected to be completed on August 20
Bitdeer Technologies Group (NASDAQ: BTDR), the bitcoin mining company owned by Jihan Wu, announced the pricing of its $150 million public offering of 8.50% convertible senior notes. The offering is expected to be completed on August 20, 2024. The notes will mature in 2029, and holders can choose to convert the notes into cash or Class A common stock of the company. Bitdeer plans to use the proceeds from this offering for data center expansion, ASIC mining machine development, and other general corporate purposes. BTIG is the sole bookrunner for this offering.
August 21 (Wednesday)
Sean Glennan becomes Hut 8's Chief Financial Officer effective immediately
Bitcoin miner and energy infrastructure company Hut 8 has announced that it will appoint a new chief financial officer later this month.
Sean Glennan will become Hut 8's new chief financial officer, effective August 21. Shenif Visram will step down as chief financial officer for family-related reasons but will remain with the company until Glennan takes up the role to oversee an orderly transition.
Asher Genoot, CEO of Hut 8, said: “We are delighted to welcome Sean to the organization as we continue to execute on our power first thesis, Sean Glennan brings a wealth of strategic, financial and capital markets knowledge which, combined with his extensive relationships in the sector, will be a great asset in shaping and delivering our future plans.”
Scroll will upgrade to Darwin proof recursion on August 21, reducing gas fees by about 34%
Scroll announced on X that it will carry out the Darwin Proof Recursion upgrade on August 21, which will reduce the gas fee by about 34%.
With the Darwin hard fork, multiple batches of proofs will be bundled into one validity proof, reducing verification costs. Scroll will deploy the upgrade on the Scroll Sepolia testnet on August 14, and then on the mainnet.
Thursday, August 22
Terraform Labs bankruptcy case preliminary claims deadline is August 22 at 5 a.m.
According to Terra's official announcement, in the Chapter 11 bankruptcy case of Terraform Labs Pte Ltd (TFL) and Terraform Labs Limited (TLL), the deadline for initial crypto loss claims is 5:00 p.m. Eastern Time on August 21, 2024 (5:00 a.m. Beijing Time on August 22).
Submit your claim by this deadline if the claim arose before January 21, 2024 against TFL or before July 1, 2024 against TLL. This deadline is for Chapter 11 plan voting only.
Federal Reserve officials will speak intensively next week and will release minutes of their monetary policy meeting on Thursday.
According to Jinshi.com, the market will see several important events next week, including intensive speeches by Federal Reserve officials.
- At 21:15 on Monday, Fed Governor Waller will give an opening speech at the Summer Symposium on Money, Banking, Payments and Finance.
- At 1:35 on Wednesday, 2024 FOMC voting member and Atlanta Fed President Bostic will speak;
- At 2:00 on Thursday, the Federal Reserve will release the minutes of its monetary policy meeting;
- On Thursday, the Jackson Hole Global Central Bank Annual Meeting will be held;
- At 22:00 on Friday, Federal Reserve Chairman Powell will deliver a speech on the economic outlook at the Jackson Hole Annual Meeting.
In addition, the S&P Global PMI data for August in the United States will be released on Thursday night next week. If the data is unexpectedly weak, market concerns about the United States falling into a recession may intensify and cause traders to increase their bets that the Federal Reserve will cut interest rates by a larger margin this year, which will be a blow to the US dollar.
Gitcoin: Gitcoin Grants 21 is now live and will last until August 22
Gitcoin Grants 21 is now officially online and will last until 7:59 am Beijing time on August 22. The theme of this round of grants is to collaborate with partners and enhance the capabilities of external communities.
It is reported that this round includes Celo and Arbitrum ecological rounds and 9 community rounds. Users no longer need to collect Passport stamps, and Gitcoin Grants Stack provides technical support.
Friday, August 23
The Fed Chairman will deliver a speech on the economic outlook on the 23rd and set the tone for a rate cut in September.
Federal Reserve Chairman Powell will deliver a speech on the economic outlook at the Jackson Hole Economic Symposium at 10 a.m. Eastern Time on August 23 (10 p.m. Beijing Time on August 23) and set the window for a rate cut in September.
It was the first full day of the Kansas City Fed’s annual economic symposium in Jackson Hole, Wyoming. The annual gathering of global central banks gave Powell a chance to give an updated assessment of the trajectory of the U.S. economy and the outlook for monetary policy between the Fed’s July and September policy meetings. Last month he said the Fed could consider a rate cut at its next meeting if inflation and the labor market continue to cool.
Source: Japan's parliament will hold a special meeting on August 23 to discuss the Bank of Japan's interest rate hike
Source: Japan's parliament will hold a special meeting in a lower house committee on August 23 to discuss the Bank of Japan's interest rate hike, and may ask Bank of Japan Governor Kazuo Ueda to attend.
Specific time is not determined
Babylon to launch first phase of Bitcoin staking mainnet this week
Babylon posted on X that the first phase of the Bitcoin staking mainnet launch will begin this week, and Bitcoin holders will be able to start locking up BTC for staking.
Pacmoon: The period of qualification for exchanging PAC for ARMY has been snapshotted, ARMY is expected to be launched early this week
Meme project Pacmoon announced on the X platform that it has completed the snapshot. PAC token holders during this snapshot must complete the token destruction before September 13, 2024 to exchange for ARMY tokens later. However, since the snapshot has been completed, users who purchase PAC tokens from now on will not be able to exchange ARMY tokens through token destruction.
Pacmoon added that it will take a few days to ensure the migration process goes smoothly, and the ARMY token is expected to be launched early this week.
