This Week's Key News Preview | The decision on the spot Ethereum ETF will be announced; the final verdict for the suspect Wen Jian in the UK's 60,000 Bitcoin money laundering case; Jupiter will conduct the third round of LFG voting
Highlights of the week from May 20 to May 26.Organizer: Fairy, ChainCatcher
Key News:
- SEC to decide whether to approve spot Ethereum ETF application
- PayPal to cancel buyer and seller protection for NFTs
- Final ruling for UK suspect Jian Wen in 60,000 Bitcoin money laundering case
- Binance will delist KNCUSD, ICXUSD, XTZUSD, ROSEUSD, and APEUSD coin-margined perpetual contracts
- Cryptocurrency lending company Delio's first bankruptcy hearing
- Former OpenAI board member Helen Toner submits deadline for records related to the decision to remove Sam Altman and restore his position
- Jupiter to conduct third round of LFG voting
- Nigerian court to continue hearing on Binance executive Gambaryan's tax evasion case next week
- Jupiter acquires Ultimate Wallet and plans to discontinue its application services on May 22
- US SEC and Terraform Labs, along with Do Kwon, engage in court debate over fraud case compensation plan
May 20 (Monday)
PayPal to cancel buyer and seller protection for NFTs
According to The Block, under PayPal's new policy (effective May 20), NFT purchases will no longer be supported by the company's buyer protection program. Additionally, NFT sales exceeding $10,000 will not be protected against false claims and refunds.
Chiliz (CHZ) expected to undergo network upgrade and hard fork on May 20 at 15:00
The Chiliz (CHZ) project team will conduct a network upgrade and hard fork at block height 13,189,711 (expected to occur on May 20, 2024, at 15:00 UTC+8). Binance is expected to suspend token deposits and withdrawals for Chiliz (CHZ) at 14:00 UTC+8 on May 20, 2024.
BounceBit opens withdrawals for BTCB, WBTC, FDUSD, USDT not staked in Premium
BounceBit announced the asset withdrawal schedule on Twitter, stating that withdrawals for BTCB, WBTC, FDUSD, and USDT not staked in Premium will open on May 20, with a processing time of approximately one day.
Binance will delist KNCUSD, ICXUSD, XTZUSD, ROSEUSD, and APEUSD coin-margined perpetual contracts
Binance will automatically liquidate KNCUSD, ICXUSD, and XTZUSD coin-margined perpetual contracts at 17:00 (UTC+8) on May 20, 2024, and ROSEUSD and APEUSD coin-margined perpetual contracts at 17:00 (UTC+8) on May 21, 2024, and will delist these trading pairs after liquidation.
May 21 (Tuesday)
Binance to support Lisk (LSK) contract swap, suspends old token deposits and withdrawals
According to an official announcement, Binance will support the Lisk (LSK) contract swap plan. Binance will suspend deposits and withdrawals for old LSK tokens at 10:00 (UTC+8) on May 21.
Blockchain game Nyan Heroes' NYAN token to launch on BYBIT
The Solana-based blockchain game Nyan Heroes announced on platform X that the NYAN token will launch on BYBIT at 16:00 Beijing time on May 21.
Cryptocurrency lending company Delio's first bankruptcy hearing
The Seoul bankruptcy court has postponed the first hearing for Delio's bankruptcy application, originally scheduled for April, to May 21, one month later.
Former OpenAI board member Helen Toner submits deadline for records related to the decision to remove Sam Altman and restore his position
According to Bloomberg, Elon Musk is intensifying his court battle with OpenAI, demanding that former board member Helen Toner provide documents and communications related to her departure from the OpenAI board and the decision to remove and restore CEO Sam Altman. Helen Toner is required to submit the relevant information by May 21.
May 22 (Wednesday)
Jupiter to conduct third round of LFG voting
Jupiter announced on social media that the third round of LFG voting will take place on May 22. This round includes some key changes aimed at implementing lessons learned from past votes and community feedback to improve the LFG platform.
Nigerian court to continue hearing on Binance executive Gambaryan's tax evasion case next week
According to CoinDesk, the hearing for Binance and its executives regarding money laundering, tax evasion, and the bail hearing for detained Binance compliance officer Tigran Gambaryan took place on Friday in Nigeria. The court ruled that the tax evasion charges from the Federal Inland Revenue Service could be served to Binance through Gambaryan. Gambaryan's lawyer opposed this application, stating the need to review the amended charges to provide defense advice for Gambaryan, and the court agreed to postpone the matter to May 22 for further discussion.
MultiversX (EGLD) project team expected to conduct network upgrade
The MultiversX (EGLD) project team is expected to conduct a network upgrade at 00:20 (UTC+8) on May 22, 2024. Binance is expected to suspend token deposits and withdrawals for MultiversX (EGLD) at 23:20 (UTC+8) on May 21, 2024.
Bybit to launch $26 million comprehensive compensation plan
Bybit will implement a comprehensive compensation plan worth $26 million for all affected 320,000 users, with all airdrops and compensation funds deposited into user accounts at 8:00 UTC on May 22, 2024. Previously, on May 17, the listing of NOT caused Bybit's matching engine to crash. Bybit CEO Ben Zhou stated that a public statement and compensation plan will be issued for all affected users.
Jupiter acquires Ultimate Wallet and plans to discontinue its application services on May 22
According to official news, Jupiter announced the acquisition of Ultimate Wallet and its mobile team to promote the Jupiter Mobile plan, aiming to simplify the mobile user experience and attract millions of new users. The current Ultimate application will cease operations on May 22, 2024, meaning users will no longer be able to use Ultimate in the near future.
US SEC and Terraform Labs, along with Do Kwon, engage in court debate over fraud case compensation plan
According to Cointelegraph, after a jury found Terraform Labs and its co-founder Do Kwon liable in the fraud case with the US SEC, a federal judge ordered the parties to discuss compensation plans ranging from millions to billions of dollars. Court documents show that Judge Jed Rakoff of the Southern District of New York stated that the SEC, Kwon, and Terraform's lawyers should appear in court on May 22 to discuss the compensation plan.
May 23 (Thursday)
SEC to decide whether to approve VanEck's spot Ethereum ETF application
Regarding the "ARK 21Shares Ethereum ETF" jointly submitted by ARK Invest and 21Shares, as well as the "VanEck Ethereum Spot ETF" application submitted by Cboe BZX, Bloomberg analyst James Seyffart commented on social media: "The Ethereum ETF race has officially begun. It is still too early, but I estimate that the SEC's review deadline for these applications will be around May 23, 2024. The final decision date for the spot ETH ETF 'VanEck Ethereum ETF' will also be on May 23, making it the earliest one."
Binance to support Neutron (NTRN) network upgrade
Binance is expected to suspend token deposits and withdrawals for Neutron (NTRN) at 21:30 (UTC+8) on May 23, 2024, to support its network upgrade.
Aethir to release first batch of 11,000 edge computing devices
Decentralized GPU cloud infrastructure Aethir announced the official sale of edge computing devices Aethir Edge on May 23, with the first batch of 11,000 devices exclusively released to the Aethir community. 23% of the total supply of $ATH tokens will be used to incentivize Aethir Edge users. The devices will be released in multiple rounds, with early registrants enjoying a discounted price of $999 (market price $1099). Anyone can join the waiting list for future device releases through the original link, and registered whitelist participants have a chance to share a $6,000 prize pool and win three free devices.
Optimism's fourth round of retroactive fundraising open for registration
Optimism announced on social media that registration for the fourth round of retroactive fundraising will begin on May 23 and end on June 6, with a review period from June 6 to June 18, a voting period from June 23 to July 8, and results to be announced on July 15 with funding distributed.
May 24 (Friday)
SEC to decide whether to approve ArkInvest/21 Shares' spot Ethereum ETF application
The US Securities and Exchange Commission (SEC) will decide on May 24 whether to approve the spot Ethereum ETF application submitted by ArkInvest/21 Shares.
Final ruling for UK suspect Jian Wen in 60,000 Bitcoin money laundering case
On March 18, local time in the UK, 42-year-old Chinese-British Jian Wen was found guilty by a UK court of "participating in arranging money laundering," with a maximum sentence of 14 years in prison. Jian Wen's defense lawyer Mark Harries stated that due to the judge's busy schedule, the UK court has postponed the final ruling originally scheduled for May 10 to May 24.
Natix token public offering deadline
The decentralized infrastructure network Natix Network, focused on map data, announced on social media that it will open a token public offering on CoinList, with the NATIX Token launched on CoinList at 01:00 on May 17, 2024, and the public offering will last until 01:00 on May 24.
Fetch.ai: Superintelligence Alliance (ASI) plans to launch on May 24
Fetch.ai stated in its official blog that the Superintelligence Alliance (ASI) has approved the merger of ASI tokens, planned for launch in May. This merger is expected to have a total value of $7.5 billion and is expected to be completed in early May, merging FET, AGIX, and OCEAN into ASI. ASI is scheduled to launch on May 24.
Worldcoin Foundation Wave1 community funding program deadline
The Worldcoin Foundation announced the official launch of the Wave1 community funding program, accepting funding applications from global community members. Wave1 funding categories include improving developer experience and tools, digital identity, ecological growth, governance exploration, and more. Applicants can receive up to $10,000 in community funding, up to $50,000 in project funding, and higher amounts for open projects and requests for proposals (RFP). Applications will close on May 24.
MOCA Foundation to distribute MOCA tokens
The MOCA Foundation announced that the MOCA token public offering has ended, and the final allocation results of the MOCA token issuance event are expected to be announced on May 7, with token distribution around May 24.
May 26 (Sunday)
Ethereum Foundation's fifth Ethereum Protocol Fellowship application deadline
The Ethereum Foundation announced that the fifth Ethereum Protocol Fellowship (EPF) program is officially open for applications, with a deadline of May 26. The EPF is a permissionless project aimed at providing aspiring protocol contributors with a pathway to make meaningful contributions to Ethereum. The fifth phase of the project will last five months, from June 2024 to November, during which two offline events will be held in Brussels at EthCC and in Southeast Asia at Devcon.
Specific time to be determined
Synthetix plans to migrate to V3 version in June, sUSD incentives to launch next week
To scale sUSD, sUSD incentives will launch next week, including providing at least 10,000 OP incentives per week for the sUSD/USDC liquidity pool on VelodromeFi in Optimism, and at least 20,000 SNX incentives per week for the sUSD liquidity pool on Ethereum Curve.
Notcoin plans to launch its first event early next week
Notcoin announced its future plans on platform X: - The products and offers for the first event are nearing completion and will launch early next week. After the staking period ends, users will receive a week of offered Level for free; - Gold and platinum players can receive allocations from other launched events; - Users can unstake Notcoin at any time and withdraw on-chain. Yes, you will lose your Level benefits and access to the pool.
