Compiled by: Fairy, ChainCatcher
Key News:
- GRASS airdrop will be conducted on October 28
- The US will release the preliminary Q3 real GDP annualized quarterly rate
- CZ will participate in the Binance Blockchain Week held in Dubai from October 30 to 31 in his personal capacity
- The US will release the October non-farm payroll data on November 1
- Elixir will launch its Phase 1 mainnet on October 31
- The Bitcoin whitepaper will celebrate its 16th anniversary on October 31
- FTX executive Nishad Singh will be sentenced on October 30, and Gary Wang will be sentenced on November 20
October 28 (Monday)
GRASS airdrop will be conducted on October 28
The Grass Foundation announced on X that the GRASS airdrop will be conducted on October 28 at 13:30 (UTC). Users who have obtained 500+ points before October 14 at 20:00 (UTC) and linked their wallets on the Grass dashboard will be eligible for the airdrop.
Wayfinder will launch its Alpha test on October 28
The Wayfinder Foundation, an AI interaction protocol launched by the blockchain game Parallel, announced on the X platform that the Alpha test will be launched on October 28, and registration has already begun.
October 29 (Tuesday)
Magic Eden: ME test token will be launched on October 29
Magic Eden announced that the ME test token will be launched on October 29. Magic Eden is a cross-chain Non-Fungible Token (NFT) marketplace that has built a user-friendly platform supported by leading minting and trading solutions. Magic Eden aims to bring dynamic cultural moments onto the blockchain, enabling users to create, discover, and collect unique NFTs.
Stacks: Planned to perform the Nakamoto upgrade around October 29
Stacks announced on the X platform that it will perform the Nakamoto upgrade around October 29 (at Bitcoin Block height 867867), introducing Fast Blocks and Bitcoin finality.
It is reported that Stacks core developers plan to launch sBTC this year, which will allow the transfer of Bitcoin from L1 to the Stacks L2 and back.
Divvy.Bet will conduct its TGE on October 29
The betting platform Divvy.Bet announced on X that it will conduct its TGE on October 29, and users can earn DVY points by participating in staking, providing liquidity, and community activities before then.
The Arena has postponed the ARENA token launch to October 29
The Avalanche ecosystem social protocol The Arena announced on X that the launch of the ARENA token has been postponed to Tuesday, October 29.
Web3 platform Talent Protocol will launch the TALENT token on October 29
October 30 (Wednesday)
The US will release the preliminary Q3 real GDP annualized quarterly rate
The US will release the preliminary Q3 real GDP annualized quarterly rate on October 30 at 20:30.
Base mainnet will introduce Fault proofs on October 30
The Base mainnet will introduce Fault proofs on October 30, marking an important step towards decentralization. With the introduction of this mechanism, anyone can monitor and challenge invalid withdrawal transactions without permission, eliminating the need for third-party trust.
The Base team stated that they have been working closely with Optimism to ensure a smooth rollout and security upgrade. During the upgrade, all pending withdrawal transactions will need to be re-validated.
Binance will perform wallet maintenance on the BNB Beacon Chain (BEP2) on October 30
Binance will perform wallet maintenance on the BNB Beacon Chain (BEP2) on October 30 at 16:00. To support this maintenance, Binance will suspend the deposit and withdrawal services of the BNB Beacon Chain (BEP2) from October 30, 2024, at 15:55. The maintenance is expected to take 1 hour, and the deposit and withdrawal services will be automatically resumed after the completion of the maintenance.
CZ will participate in the Binance Blockchain Week held in Dubai from October 30 to 31 in his personal capacity
CZ posted on the X platform that he will participate in the Binance Blockchain Week held in Dubai from October 30 to 31 in his personal capacity.
This is said to be one of the largest Web3 events of the year.
FTX executive Nishad Singh will be sentenced on October 30, and Gary Wang will be sentenced on November 20
According to the Golden Ten report, court records show that former FTX executive Nishad Singh will be sentenced on October 30, and he has testified against FTX co-founder Sam Bankman-Fried. Another co-founder, Gary Wang, will be sentenced on November 20.
October 31 (Thursday)
The Bitcoin whitepaper will celebrate its 16th anniversary on October 31
In an interview, US Securities and Exchange Commission (SEC) Chairman Gary Gensler congratulated the 16th anniversary of the Bitcoin whitepaper (released on October 31, 2008) with "sweet sixteen", but Gensler also stated that the SEC will continue to consider the risks of digital assets to investors and its "enforcement and regulatory" approach.
Gensler said: "For 90 years, we have benefited from the strong laws enacted by Congress and the rules promulgated by the agencies, which have helped to foster market development, protect investors, facilitate capital formation, and develop the intermediary markets, and we will continue to do so."
The decentralized new asset market Tomarket will conduct its TGE on October 31
The decentralized new asset market Tomarket officially announced that it will conduct its TGE on October 31, and the detailed token airdrop details will be published in the future.
Tomarket adopts a tiered system to determine the airdrop amount for each user, and users can increase their tier by participating in platform activities before the TGE to receive higher airdrop rewards.
Elixir will launch its Phase 1 mainnet on October 31
The modular blockchain project Elixir announced that it will launch its Phase 1 mainnet on October 31. Elixir is a modular liquidity network that allows anyone to directly provide liquidity to the order book, bringing liquidity to long-tail crypto assets. The protocol serves as an important decentralized infrastructure, enabling exchanges and protocols to easily onboard their ledger liquidity.
OneKey Card Announces Gradual Discontinuation of Service, All Remaining Balances to Be Safely Transferred to User Wallets Starting October 31
The open-source crypto hardware wallet OneKey has announced the gradual phasing out of its current OneKey Card service.
The specific discontinuation plan is as follows:
Phase One (September 30, 2024): Users can continue to consume and withdraw, but the registration and recharge functions will be discontinued.
Phase Two (October 31, 2024): All cards will be automatically deleted by the system, and the card balances will be transferred to the OneKey Card wallet account, which can be withdrawn to exchange accounts or Web3 addresses at any time.
Phase Three (January 31, 2025): The OneKey Card service will be discontinued.
November 1 (Friday)
The US Will Release October Non-Farm Payroll Data
The US will release the October non-farm payroll data at 20:30 on November 1.
Ethos Wallet to Shut Down All Sui Product Operations on November 1
Sui wallet Ethos Wallet has announced that it will shut down its Ethos Sui Wallet extension and mobile app, as well as the EthosConnect and API services for developers, on November 1. Users should immediately migrate to other wallets (such as the Sui Wallet built by Mysten Labs), and if they use zkLogin for login, they need to transfer their wallet assets.
Ethos Wallet is building a software simulator (called CodeYam) to make it faster and easier to understand, test, and demonstrate code changes for software applications.
Aethir Foundation Announces Increased ATH Rewards from November 1, 2024 to June 2025
Aethir has announced the launch of a new business focused on enterprise social media and AI, supported by the Aethir Edge computing network. To further enhance the capabilities of the Aethir Edge network and support the growing demand for decentralized edge computing, the Aethir Foundation has announced an increase in ATH rewards. From November 1, 2024 to June 2025, users can earn an average of 100 ATH tokens per day (based on uptime and bandwidth) for connecting to each eligible Aethir Edge device. This initiative aims to incentivize more users to contribute their idle computing resources, strengthening the overall capacity and performance of the network.
Aethir Edge provides a decentralized platform that distributes computing resources across devices in the network, offering users a more efficient and cost-effective alternative to traditional centralized cloud computing. APhone, a Web3 Cloud Phone supported by Aethir's decentralized infrastructure, is one of the use cases, providing low-latency, secure, and high-performance access to social media platforms and DApps. Cloud Phone is a focus area for Aethir, leveraging its decentralized edge network to enhance scalability, privacy, and cost-effectiveness for individual and enterprise users.
New York Department of Financial Services Establishes New Guidelines for Crypto Companies to Enhance Customer Service Standards, Effective November 1
The New York Department of Financial Services (NYDFS) issued new guidelines on May 30 to strengthen customer service standards for Virtual Currency Entities (VCEs). These guidelines will take effect on November 1. The NYDFS stated that these comprehensive guidelines aim to ensure VCEs have robust customer service mechanisms to address customer issues in a timely and effective manner. VCEs must keep their customer service policies up-to-date and comply with all relevant laws and regulations.
The guidelines require VCEs to establish and maintain effective customer service procedures, including multiple channels for submitting requests and complaints, such as telephone and electronic text mechanisms. Additionally, VCEs must regularly provide customers with updates and estimated resolution times, track the status of requests, and publish accessible FAQs. If AI tools are used in customer service, customers must be informed at the start of the interaction and given the option to escalate the issue to a human representative. VCEs must also provide quarterly data to the NYDFS, detailing the number, submission methods, and topics of customer service requests and complaints received, as well as the average time to resolve each issue. The regulator will review these records and monitor the effectiveness of the implemented policies and procedures through ongoing examinations and oversight.
Singapore's Second-Largest Bank OCBC to Cease Processing Russia-Related Transactions
Oversea-Chinese Banking Corporation (OCBC), Singapore's second-largest bank, will completely cease processing transactions involving Russia in order to mitigate risks related to global sanctions. According to informed sources, this measure will be officially implemented starting November 1, 2024.
OCBC has notified all customer segments, including private banking clients, in recent weeks that the bank will implement this restrictive measure due to operational challenges in managing regulatory compliance. This decision covers all of OCBC's business units, including its private banking division.
