This week's highlights
October 7
(22:00) FTX bankruptcy compensation plan needs to wait for confirmation at the hearing on October 7 ;
October 8
The HBO documentary released on October 8th claims to reveal the identity of Satoshi Nakamoto ;
Swell Network announced that it will conduct its first Wavedrop airdrop on October 8 ;
October 9
Nigerian court to decide on Binance executives’ bail application on October 9 ;
October 10
(20:30) The US will release the September CPI data on October 10 ;
From October 7 to October 13, more noteworthy events in the industry are previewed below.
October 7
FTX bankruptcy compensation plan needs to wait for confirmation at the hearing on October 7
Odaily Odaily reported that the FTX bankruptcy case file showed that at 10:00 Eastern Time on October 7 (22:00 Beijing Time), the Delaware Bankruptcy Court will hold a confirmation hearing on FTX's bankruptcy plan.
On that day, the court will consider confirming FTX's proposed Chapter 11 reorganization plan and its related disclosure statement plan. If the court confirms the plan, FTX will be allowed to pay more than 98% of its customers and unsecured creditors "in full with interest" based on the US dollar price of crypto assets on November 11, 2022.
In addition, according to US media Protos, the compensation may be implemented after three "comprehensive hearings" aimed at discussing the merger of multiple claimants into a unified category, scheduled for October 22, November 20 and December 12.
Odaily Note: There are currently a lot of rumors on social media that "FTX will start paying compensation next week", which is false.
Odaily Odaily News Lido issued a reminder on the X platform that as part of the introduction of stETH into Optimism upgrade, wstETH deposits from Ethereum to Optimism will be suspended from October 7 until the upgrade is completed (approximately October 14).
October 8
HBO documentary released on October 8 claims to reveal the identity of Satoshi Nakamoto
Odaily Odaily News Documentary director Cullen Hoback and HBO recently announced that the documentary "Money Electric: The Bitcoin Mystery" will premiere on October 8, suggesting that the true identity of Bitcoin creator Satoshi Nakamoto may finally be revealed.
Cullen Hoback is best known for his HBO miniseries “Q: Into the Storm,” in which he claimed to have identified several authors of the QAnon conspiracy theory, but it remains to be seen whether he has actually unmasked the creator of Bitcoin.
According to the official Odaily, Binance will start the planned system upgrade from 14:00 (Eastern Time Zone 8) on October 8, 2024. The upgrade will take about 15 minutes. During the upgrade, users can continue to place new spot, futures and options orders, or cancel existing orders, and can access all Binance products as usual. However, some services and functions may be affected differently during the upgrade.
At the same time, Binance will close all deposit and withdrawal services 5 minutes before the system upgrade. If users have deposit and withdrawal needs, they should leave enough time to operate before the upgrade. After the system upgrade is completed, deposit and withdrawal will be resumed.
Swell Network announces first Wavedrop airdrop on October 8
Odaily Odaily reported that the re-staking agreement Swell Network announced that it will take a Pearls snapshot at block height 20422895, approximately at midnight UTC on July 30, 2024. After this snapshot, the TGE details and anti-witch measures will be determined.
The first Wavedrop is scheduled for October 8, 2024, allocating 2% of the SWELL supply to Black Pearl holders, and 1% each subsequent time. In addition, Swell L2 deposits will enjoy a 1.5x ecosystem airdrop multiplier reward.
Solana Radar Hackathon Opens Project Submissions and Will Close at 23:00 on October 8
Odaily Odaily News: The 10th Radar Global Online Hackathon hosted by the Solana Foundation has opened project submissions today and will end at 23:00 on October 8.
The Radar Hackathon offers a total prize of more than $600,000, an early-stage investment of $250,000, and 1:1 incubation qualifications from the Colosseum accelerator. Participants can receive a single award of up to $50,000 and special bonuses.
Choose Chinese as your native language or Hong Kong/Taiwan/Mainland China/Singapore as your region to share an additional $20,000 in prize money for the Chinese track.
October 9
Nigerian court to decide on Binance executives’ bail application on October 9
Odaily Odaily News: A Nigerian court has postponed the decision date on the bail application of detained Binance executive Tigran Gambaryan to October 9. Nigerian judge Emeka Nwite made the ruling on September 4 after hearing arguments from Gambaryan's lawyer Mark Mordi and prosecutor Ekele Iheanacho, who opposed the bail request. (CryptoSlate)
Stacks Foundation: Nakamoto Activation Expected for October 9
Odaily Odaily News Stacks Foundation published a message on X saying that Nakamoto activation is expected to take place on October 9. To this end, the Stacks community will hold more than 20 developer workshops around the world, including lectures, live demonstrations and technical challenges, where participants can win STX.
It recently announced that the core developers have selected the Nakamoto hard fork block - Bitcoin block #864864, when Nakamoto's key improvements will be deployed, including fast blocks, Bitcoin finality, etc.
As part of the hard fork, all node operators should upgrade their nodes, and binaries will be available about a week before the hard fork.
It added that the core developers remain committed to a safe and reliable release. If necessary, they will reserve the right to choose a new hard fork block to resolve issues or investigate network activity. Any updates to the block will be updated immediately.
Odaily Odaily Berachain launched the Request For Broposal (RFB) incentive plan, which mainly provides liquidity and other support for Berachain's ecological projects and test network developers to help the project cold start. Projects that have been deployed on the Berachain test network can apply to participate in the RFB plan before October 9, and can choose to participate in the Boyco project at the same time.
October 10
The US will release September CPI data on October 10
The U.S. CPI data for September will be released at 20:30 Beijing time on October 10 (Thursday). Currently, economists generally expect that the overall U.S. CPI data for September will drop slightly from 2.5% last month to 2.3%, and the month-on-month growth rate will also drop from the previous 0.2% to 0.1%; the year-on-year growth rate of core CPI will remain at 3.2%.
Elon Musk: A "historical" humanoid robot will be released on October 10
Odaily Odaily News: Elon Musk announced on X that he will release a humanoid robot product on October 10, and said "this will go down in history."
Optimism: Hyperchain contributors can register from September 26 to October 10 to receive rewards
Odaily Odaily News Optimsm published on the X platform that during the 5th and 6th seasons, up to 3.5 million OP will be allocated to contributors to Optimism Governance, which means that contributors from October 2023 to September 18, 2024 will receive rewards. If you contribute to the super chain governance, the following dates need to be paid attention to:
Registration: September 26 - October 10;
Application review process: October 14 - October 28;
Voting: October 28 - November 7;
Results announced: November 19.
Odaily Odaily News: Ola officially announced that the third season of the Massive node verification network will be the last season of the Ola testnet phase. Users participating in the Massive season will be eligible for the allocation of Ola tokens.
Ola will conduct the mainnet and TGE by the end of this year. Since the node registration was opened in April this year, the Ola Massive network has more than 240,000 active nodes. The token distribution ratios for the first two seasons were 1% and 2% respectively, and the third season snapshot to be conducted on October 10 will be the final season.
October 11
SEC announces enforcement chief Gurbir Grewal will leave on October 11
Odaily Odaily News: The U.S. Securities and Exchange Commission (SEC) announced today that Gurbir S. Grewal, Director of the Enforcement Division, will leave on October 11, 2024. Following Mr. Grewal's departure, Sanjay Wadhwa, Deputy Director of the Enforcement Division, will serve as Acting Director, and Sam Waldon, Chief Legal Counsel of the Enforcement Division, will serve as Acting Deputy Director.
“We are very fortunate to have such an outstanding public servant as Gurbir Grewal join the SEC and lead the Division of Enforcement for the past three years,” said SEC Chairman Gary Gensler. “Every day, he thinks about how to best protect investors and helps ensure that market participants comply with time-tested securities laws. The Division of Enforcement he leads is always fearless, follows the facts and the law, and is impartial. I have greatly enjoyed working with him and wish him all the best.”
Odaily Odaily News: TON officially announced on its channel that it will hold a "Hackers League" training camp, sharing a total prize pool of $2 million, and providing guidance lectures from industry experts. The event will be held from October 11 to November 17, 2024.
October 12
Odaily Odaily reported that EU regulators have issued guidelines on the classification of crypto assets based on MiCA, with the deadline for public consultation being October 12.
October 13
None
