This Week's News Preview | OKX will launch ULTI (Ultiverse); Biden makes final decision on the resolution to repeal SAB 121; Volatility Shares' first leveraged Ethereum ETF in the U.S. begins trading
Highlights of the week from June 3 to June 9.整理：Fairy，ChainCatcher
Key News:
- OKX Jumpstart will launch ULTI (Ultiverse)
- Biden's deadline for deciding on the "Repeal SAB 121" resolution has been postponed to June 3
- Bloomberg: Fidelity will charge new fees to nine ETF companies
- FTX Creditors' Committee: Deadline for objections to FTX restructuring plan is June 5
- Volatility Shares launches the first leveraged Ethereum ETF in the U.S., trading will start on June 4
- Coinbase derivatives trading platform will launch oil and gold futures products on June 3
- U.S. House Financial Services Digital Assets Subcommittee will hold a hearing on RWA topics on Wednesday
- OKX will delay the leverage and perpetual contract delisting time for ZK coins to June 6
- Coinbase Pro API will be deactivated on June 6
June 3 (Monday)
OKX Jumpstart will launch ULTI (Ultiverse)
OKX Jumpstart will launch Ultiverse (ULTI) mining, with the event running from June 3, 14:00 to June 6, 14:00 (Beijing time). BTC and ETH holders can stake BTC and ETH to mine ULTI tokens, with a total of 150 million tokens available in each staking pool. The maximum staking amount for each individual BTC is 0.3 Bitcoin, and for each individual ETH is 3.5 Ether.
Biden's deadline for deciding on the "Repeal SAB 121" resolution has been postponed to June 3
Cody Carbone, Chief Policy Officer of the cryptocurrency advocacy group The Digital Chamber, stated on social media: "We received confirmation that the U.S. Congress only sent the resolution H.J Res 109 to Biden to repeal SAB 121 last night. This changes the 10-day deadline. The U.S. President currently has until June 3 to decide whether to veto this resolution (10 days total, excluding Sunday)."
Previously, the proposal to overturn SAB 121 was passed by the House and Senate on May 8 and May 17, respectively, and Biden is expected to make a final decision on the proposal by May 28.
Bloomberg: Fidelity will charge new fees to nine ETF companies
According to Bloomberg, Fidelity will impose new fees on ETFs issued by nine companies, including Simplify Asset Management and AXS Investments, to cover the costs of listed products.
Under this plan, which will take effect on June 3, investors will be charged a service fee of $100 when placing buy orders for a series of exchange-traded strategy products. Companies such as Day Hagan, Sterling Capital, Cambiar, Regents Park, Rayliant, Adaptive, and Running Oak are also included in the list of ETFs subject to the additional fees. Furthermore, this list will be updated regularly and may change before the plan takes effect.
Coinbase derivatives trading platform will launch oil and gold futures products on June 3
According to Crowdfund Insider, the Coinbase derivatives trading platform is expanding its futures products to include oil and gold.
The platform will launch retail-scale "oil and gold" futures contracts on June 3, 2024, to help traders further diversify their investment strategies. The new products will complement the "existing CFTC-regulated BTC, ETH, BCH, LTC, and DOGE crypto futures series."
Binance updates U-based contract market maker program
According to an official announcement, Binance will update its U-based contract market maker program on June 3, 2024, at 08:00 (UTC+8). Starting from this time, the "weekly market-making score ranking" review will be removed from the U-based contract market maker program.
For users who meet the program's criteria, the maker fee rebate will be updated around June 11, 2024, at 20:00 (UTC+8).
New Wallet KYC regulations on Telegram: All functions except withdrawals will require account detail updates starting June 3
The third-party cryptocurrency wallet bot Wallet on Telegram has notified users of several updates regarding its KYC system. Starting June 3, all default functions except withdrawals will require users to update their account details (name, phone number, and date of birth) to use these features.
Wallet on Telegram also announced that starting May 30, 2024, wallet services will be provided by WOT Global Solution. After the change, all user data will be transferred to WOT Global Solution. The announcement noted that the collected data includes names, addresses, phone numbers, transaction data, and any other user data that the wallet may possess.
Cyber's second season staking will end on June 3, mainnet staking will launch on June 14
The social public chain Cyber announced that it will stop the current second season staking on June 3. A snapshot of the staking scores will be taken at that time, and rewards will be calculated based on the snapshot taken on June 3. The Cyber mainnet staking program is set to launch on June 14. Current staking users can choose to join the mainnet staking early bird event on the Cyber official website before June 3 to receive additional rewards and free migration to the Cyber mainnet. The main changes are as follows:
The end date and snapshot date for the second season have been changed from June 8 to June 3. Please ensure to join the mainnet staking early bird event before June 3 to receive extra rewards;
The start date for Cyber mainnet staking has been postponed from June 8 to June 14.
CARV node whitelist sale will start on June 3, 2024
According to official news, CARV, which provides a modular data layer for the gaming and AI industries, announced a strategic investment from Animoca Brands. This collaboration aims to promote deep integration and long-term synergy between the two in the gaming and open metaverse ecosystem.
It is reported that Animoca Brands' investment is allocated to the sixth layer nodes, and the whitelist sale for CARV nodes will start on June 3, 2024, and will open to the public on June 5 at 18:00 UTC+8.
UXLINK first season airdrop voucher NFT snapshot will be taken on June 3
The Web3 social platform and infrastructure UXLINK announced on the X platform that the "In UXLINK We Trust" first season airdrop voucher NFT snapshot will be taken on June 3 at 23:59 standard time, after which the NFT number range will be announced.
The "In UXLINK We DEX" second season airdrop voucher NFT will start minting on June 3 at 24:00 standard time, and users can earn UXUY points to mint the second season NFT by engaging in diversified Crypto trading on the UXLINK platform.
COREx will launch the next round of airdrop activities on June 3
COREx is currently conducting a multi-week airdrop activity, with the next round starting on June 3, offering prizes including CRX, USDT, CORE, and various other rewards from ecosystem projects.
June 4 (Tuesday)
Binance will support Mina (MINA) network upgrade and hard fork
According to an official announcement, Binance is expected to suspend token deposits and withdrawals for the Mina (MINA) network at 16:00 on June 4, 2024 (UTC+8) to support its network upgrade and hard fork.
BNB Chain second quarter hackathon application and submission deadline extended to June 4
BNB Chain announced on X that the application and submission deadline for the second quarter hackathon "One BNB - Coding the Future" has been extended by one week to June 4. The Demo day will be held on June 26, and winning projects will be announced on July 1, with the incubation program running from July 1 to 31.
Volatility Shares launches the first leveraged Ethereum ETF in the U.S., trading will start on June 4
According to CoinDesk, the 2x Ether ETF (ETHU) launched by Volatility Shares will become the first leveraged Ethereum ETF in the U.S. The company announced on its website that trading will begin on June 4. This launch comes about a year after Volatility Shares launched its 2x Bitcoin strategy ETF in June 2023. The U.S. Bitcoin spot ETF eventually received approval from the U.S. Securities and Exchange Commission (SEC) and began trading about seven months later.
June 5 (Wednesday)
FTX Creditors' Committee: Deadline for objections to FTX restructuring plan is June 5
The official committee of unsecured creditors of FTX stated on social media that it is continuing to evaluate the revised restructuring plan submitted by FTX debtors and the accompanying disclosure statement, with the deadline for objections to the disclosure statement set for June 5, 2024. The committee believes it is crucial to maximize creditor recovery and minimize the time required for recovery.
U.S. lawmakers request SEC and FINRA to provide records of discussions during Prometheum's registration application process
According to Cointelegraph, U.S. lawmakers want to know what the U.S. Securities and Exchange Commission (SEC) discussed with the Financial Industry Regulatory Authority (FINRA) regarding the establishment of a Special Purpose Broker-Dealer (SPBD). They suspect that these agencies, along with the cryptocurrency trading and custody service provider Prometheum, are setting an undesirable precedent. Lawmakers are now requesting all non-public communications and records between the SEC and FINRA regarding Prometheum's SPBD application, permitted SPBD activities, digital asset securities that can be custodied by SPBD, and the regulatory classification of Ethereum. They have set a response deadline of June 5.
U.S. House Financial Services Digital Assets Subcommittee will hold a hearing on RWA topics on Wednesday
Fox reporter Eleanor Terrett posted on social media that the U.S. House Financial Services Digital Assets Subcommittee will hold a hearing on Wednesday (June 5) to discuss the tokenization of real-world assets.
June 6 (Thursday)
OKX will delay the leverage and perpetual contract delisting time for ZK coins to June 6
OKX will delay the leverage and perpetual contract delisting time for ZK coins, with the tentative delisting time set between 16:00 and 17:00 on June 6 (Beijing time).
In addition, the ZK borrowing feature will be stopped at 14:00 on May 31, and leverage trading and spot lending services will be offline at 17:00 on June 5.
OKX will delist the STARL/USDT, XEC/USDT, and MANA/BTC trading pairs on June 6
According to an official announcement, OKX will delist the STARL/USDT, XEC/USDT, and MANA/BTC trading pairs from 16:00 to 16:30 (UTC+8) on June 6. OKX will suspend STARL and XEC deposits starting from 16:00 on May 29, and withdrawals will stop at 16:00 on August 6. Users are advised to handle related assets before this deadline.
OKX will launch Ultiverse (ULTI) on June 6
According to official news, OKX is about to launch Ultiverse (ULTI), with the following schedule:
- ULTI deposit opening time: May 31 at 11:00;
- ULTI/USDT trading opening time: June 6 at 18:00;
- ULTI withdrawal opening time: June 7 at 18:00.
Coinbase Pro API will be deactivated on June 6
Coinbase announced on the X platform that it will stop using the Coinbase Pro API on June 6, 2024. For all trading needs, retail users are advised to switch to the Coinbase Advanced API, and institutional users to switch to the Coinbase Exchange API.
Bitfinex executive: The EU parliamentary elections on June 6 may hint at the future direction of cryptocurrency regulation
Jag Kooner, head of derivatives at Bitfinex, stated that investors should pay attention to the upcoming EU elections next week for regulatory clues, which could have a significant impact on the overall cryptocurrency market in June and the following months. The upcoming EU elections are crucial for shaping EU legislation, especially the implementation of the Markets in Crypto-Assets (MiCA) framework. Any outcome that may strengthen populist parties could, in turn, affect regulatory stances, potentially leading to stricter controls or more supportive policies, depending on the composition of the new parliament. The 2024 European Parliament elections are scheduled for June 6 to June 9.
TAP Protocol's token public offering on CoinList ends
According to an announcement on Coinlist's official website, TAP Protocol has launched its TAP token issuance on the Coinlist platform. TAP Protocol is an OrdFi protocol designed to support Bitcoin Ordinals. The token purchase period starts from May 30, 2024, at 01:00 (Beijing time) and ends on June 6, 2024, at 01:00 (Beijing time).
ChainCatcher will collaborate with Huobi HTX to hold the "Web3 Future Night" event in Ho Chi Minh City on June 6
Vietnam is becoming one of the new focal regions in the Web3 industry. ChainCatcher will collaborate with Huobi HTX to hold the "Web3 Future Night" event, creating a vibrant and hopeful event for Web3 enthusiasts and practitioners in Vietnam. This event is sponsored by Huobi HTX, co-hosted by Amazon Web Services, LBANK, 4E Exchange, SOEX, and BTC-BETA, with sponsorship from Mango Network, Aperture Finance, and Network3, and special support from RootData. The most active KOLs and community members in Vietnam will gather in Ho Chi Minh City for the event.
The party will be held on June 6 at Twilight Sky, 180 Ly Tu Trong, Ben Thanh Ward, District 1, Ho Chi Minh City. Everyone is welcome to lock in the time and schedule to participate in this grand event.
June 7 (Friday)
Optimism: The deadline for the fourth round of retroactive public goods funding applications is June 7
Optimism stated on social media that the fourth round of retroactive public goods funding applications is now open, with 10 million OP tokens allocated for on-chain builders deploying contracts and generating block space demand on Superchain. The application deadline is June 7 at 03:00 Beijing time.
June 8 (Saturday)
Arbitrum community has opened on-chain voting for the "200 million ARB Game Catalyst Program" proposal
The Arbitrum community's proposal for the "200 million ARB Game Catalyst Program" has been published on-chain, with the voting period from May 24 to June 8. The program aims to provide a three-year incentive plan totaling 200 million ARB for Arbitrum ecosystem games, with the goal of energizing the Arbitrum gaming ecosystem through studios and games in the Web3 industry.
