This Week's Key News Preview | The Federal Reserve will announce its interest rate decision; Binance will launch IO.NET (IO); OKX spot market will launch ATH (Aethir); Cookie3 will launch its COOKIE token
Highlights of the week from June 10 to June 16.整理：Fairy，ChainCatcher
Key News:
- TON: Minting of new jUSDT will stop on June 10
- Binance will list IO.NET (IO) at 20:00 (UTC+8) on June 11
- U.S. inflation data to be released on June 12
- The Federal Reserve will announce interest rate decisions and economic projections on June 13
- Kraken lawsuit hearing scheduled for 2 PM EST on June 12
- OKX will list ATH (Aethir) on the spot market
- Fetch.ai, Ocean Protocol, and SingularityNET will complete their merger on June 13
- MarketingFi and AI data layer Cookie3 will launch their COOKIE token on June 13
- Tabi Chain will conduct a public token sale on June 13
- The Pirate Nation foundation announces the launch of ERC-20 token PIRATE on Ethereum network on June 13
June 10 (Monday)
2Miners will take down Monero (XMR) mining pool on June 10
Cryptocurrency mining pool 2Miners announced on platform X that it will take down the Monero (XMR) mining pool on June 10, and users can continue to use their CPUs for Zephyr (ZEPH) mining.
Polyhedra: ZK staking will launch on June 10
According to official news, Polyhedra Network will launch ZK staking on June 10, allowing users to stake ZK tokens and earn rewards in ZK and other tokens.
Gate exchange launches free subscription event for SATOSHI•RUNE•TITAN (TITAN), officially listed on June 10
According to gate.io news: Gate exchange has launched a free subscription event for the Runes project SATOSHI•RUNE•TITAN (TITAN), which will officially list on Gate exchange on June 10.
It is reported that SATOSHI•RUNE•TITAN is the circulating token of the BTC2 layer network Layerx game launch platform, and its first Gamefi ecological chain game "Glorious Victory" has already begun large-scale public testing, allowing players to continuously generate SATOSHI•RUNE•TITAN tokens through the game.
Kraken to delist privacy token Monero (XMR) in Ireland and Belgium
According to Cointelegraph, cryptocurrency exchange Kraken announced it will stop supporting the privacy coin Monero (XMR) in Ireland and Belgium. Kraken will halt trading and deposits of XMR on May 10 and plans to completely delist Monero from the platform on June 10, at which point XMR withdrawals for users in Ireland and Belgium will cease. If users still have XMR balances in their accounts after the deadline, these coins will be automatically converted to Bitcoin (BTC). This move follows the recent EU ban on cryptocurrency asset service providers (CASPs) offering accounts to anonymous users or using privacy-focused tokens like Monero.
Cyber: CYBER token will adopt LayerZero OFT standard on June 10, no impact on supply
Decentralized social L2 Cyber (formerly CyberConnect) announced that the CYBER token will adopt the LayerZero OFT (Omnichain Fungible Token) standard on June 10, 2024, ahead of the mainnet staking starting on June 14, 2024. The OFT standard is a universal token standard for sending and receiving tokens across multiple blockchains. It consists of a set of smart contracts that allow tokens to be created, used, and tracked on all blockchains where they are deployed. Currently, the CYBER token is available on the OP mainnet, BNB chain, and Ethereum.
Nostra will conduct TGE and launch liquidity bootstrapping pool (LBP) event from June 10 to 13
According to official news, Starknet ecosystem lending protocol Nostra announced its tokenomics, with a total of 100 million NSTR tokens, all unlocked at launch.
During the TGE (Token Generation Event), 11% of the tokens will be airdropped to the community;
Liquidity Bootstrapping Pool (LBP): June 10 to 13 (all proceeds used for DEX liquidity);
Token Generation Event (TGE), including airdrop: June 17.
NFT lending protocol NFTfi's NFTFI token airdrop claim window continues until June 10
According to the official website, the airdrop claim portal for NFTfi's NFTFI token is now open. As previously reported, this window will last for 41 days, until June 10. Unclaimed tokens will be returned to the community and reward distribution for future rewards.
It is reported that the total supply of NFTFI tokens is 2 billion, with an expected initial circulating supply of 220 million, distributed as an ERC-20 token on the Ethereum mainnet. Tokens will be allocated to the community and rewards, foundation and ecosystem, core contributors, and strategic supporters. 84.5% of the NFTFI token supply is initially locked and will be unlocked over four years.
TON: Minting of new jUSDT will stop on June 10
TON announced on platform X that it supports the transition from jUSDT to native USDT on-chain, and so far, 316 million USDT are circulating on the TON blockchain. Some important updates regarding jUSDT and USDT-TON are as follows:
- Minting of new jUSDT will stop on June 10, 2024;
- The percentage fee for all outgoing jUSDT transactions on TON Bridge has been waived;
- Outgoing transactions will still be supported as long as there are jUSDT holders;
- The TON Foundation will soon add more liquidity to the jUSDT/USDt pool on DEX;
- The era of native USDT cross-chain bridges is coming soon.
June 11 (Tuesday)
Binance will list IO.NET (IO) at 20:00 (UTC+8) on June 11
According to the official announcement, Binance's new coin mining has launched the 55th project, the decentralized artificial intelligence computing and cloud platform IO.NET (IO). Users can deposit BNB and FDUSD into the IO mining pool on the Launchpool website after 08:00 (UTC+8) on June 7 to earn IO rewards, with a total of 4 days of mining available for IO. The website is expected to update approximately five hours before the mining activity opens.
Binance will list IO.NET (IO) at 20:00 (UTC+8) on June 11 and open trading markets for IO/BTC, IO/USDT, IO/BNB, IO/FDUSD, and IO/TRY, applicable to seed label trading rules.
TON Open League Season 4 registration deadline
TON announced that the registration for the Open League Season 4 is now open, which will include competitions in token, application, NFT, and DeFi categories. The registration deadline is 19:00 Beijing time on June 11, 2024.
zkLink ecosystem developer grant program first phase application will close on June 11
According to official news, the zkLink ecosystem developer Grants program has launched, allocating 20 million ZKL (2% of total token supply) to promote innovation.
The application period for the first phase (P1) is from March 11, 2024, to June 11, 2024, with successful applicants notified by June 15 at the latest. Results will be announced at the end of each quarter.
June 12 (Wednesday)
U.S. inflation data to be released on June 12
10x Research reported that traders complained that despite Bitcoin's price being only 7% away from its all-time high, the trend showed no signs of improvement. Many Bitcoins are being withdrawn from trading platforms, while stablecoin impulse is sending out a warning signal.
The trading volume in the cryptocurrency market has dropped to $50 billion, with financing rates only slightly positive. There is no doubt that interest rates are low. The Federal Reserve's policies and inflation data are seen as two key variables that could drive Bitcoin to new all-time highs. On June 5, the Bank of Canada may initiate a global rate-cutting cycle, providing a blueprint for the Federal Reserve, while the U.S. inflation data on June 12 needs to show lower figures (3.3%) to drive Bitcoin's rise.
Kraken lawsuit hearing scheduled for 2 PM EST on June 12
According to TheBlock, the Kraken lawsuit hearing is scheduled for 2 PM EST on June 12. However, on Thursday, Kraken's lawyers submitted a court document stating that the U.S. Securities and Exchange Commission "has not found any investment contracts traded, brokered, or settled on Kraken," and therefore hopes to dismiss the lawsuit.
Aethir announces airdrop details, Season 1 airdrop will open for claims on June 12
Aethir officially announced the airdrop details for its project token ATH. It is reported that the total supply of ATH is 4.2 billion, of which 252 million (6%) has been reserved for airdrop rewards. The Aethir airdrop will be divided into three Seasons. Season 1 (Aethir Cloud Drop; allocation of 630 million) ended on May 29, with 74.5% of Season 1 rewards reserved for Aethir community members (including Checker Nodes), and 25.5% allocated to external communities. The claiming process for Aethir Cloud Drop will be conducted on June 12 through a dedicated claiming platform. On that day, all Aethir Cloud Drop participants can claim their ATH allocation through a designated link.
Aethir Checker Node holders can start nodes on June 12
Decentralized cloud computing infrastructure project Aethir announced that starting June 12, Aethir Checker Node holders can set up and launch Checker Nodes on the Aethir mainnet, earning 15% of the total supply of ATH over the next four years.
Active Checker Nodes will receive 10% of the Checker Node operator rewards, while another 5% of the ATH supply will be reserved for rewards. Aethir will conduct regular quarterly assessments of all Checker Nodes to determine which nodes qualify for the 5% reward based on uptime and other criteria such as not withdrawing rewards early. All Checker Nodes will receive full ATH rewards during the onboarding phase of the Aethir Checker Node network from June 12 to June 27, regardless of their total uptime.
OKX will list ATH (Aethir) on the spot market
OKX will list ATH (Aethir) on the spot market, with deposits opening on June 7 at 19:00 (UTC+8) and trading starting on June 12 at 18:00 (UTC+8).
June 13 (Thursday)
The Federal Reserve will announce interest rate decisions and economic projections on June 13
The Federal Reserve will announce interest rate decisions and economic projections, and Federal Reserve Chairman Powell will hold a monetary policy press conference, along with U.S. PPI data for May.
Fetch.ai, Ocean Protocol, and SingularityNET will complete their merger on June 13
Fetch.ai announced that the merger of Fetch.ai, Ocean Protocol, and SingularityNET Artificial Superintelligence (ASI) will be completed on June 13, 2024.
Starting June 11, 2024, $FET will be renamed to $ASI, and the merger will be completed on June 13. From June 11, ERC20 tokens will be available for users to exchange $FET for $ASI tokens through the token migration contract, followed by the exchange for $AGIX and $OCEAN on June 13.
The Pirate Nation foundation announces the launch of ERC-20 token PIRATE on Ethereum network on June 13
The Pirate Nation foundation announces the launch of ERC-20 token PIRATE on the Ethereum network on June 13. The total supply of PIRATE is 1 billion, with 47% allocated to the community, 28% to the team, 13.25% to the ecosystem, and 11.75% to investors and advisors.
The TGE is scheduled for June 13, 2024, and only players and collectors of Pirate Nation will be able to claim PIRATE tokens on that day. U.S. citizens will not be able to claim PIRATE tokens.
Tabi Chain will conduct a public token sale on June 13
Cosmos ecosystem modular game L1 project Tabi Chain announced that it will conduct a public token sale on Beanco on June 13, supported by Sign and TokenTable, giving participants a chance to receive future $sign + $gg airdrops.
Infinex governance points will be fully allocated on June 13
Synthetix's decentralized perpetual contract trading platform Infinex announced on social media that users can now create accounts and deposit to earn governance points (GP).
It is reported that within 30 days, users can deposit USDC on networks such as Ethereum and Solana to receive 377 million GP and a portion of the Patron NFT supply, gaining priority access to future integrations. The future timeline is as follows: May 13, 8:00 - Infinex opens deposits (claim usernames); May 14, 8:00 - 377 million GP begins circulating; June 13, 8:00 - GP will be fully allocated. (Note: Deposits are locked during the 30-day activity period.)
Insiders: zkSync plans to airdrop around June 13 (official confirmation pending)
According to The Block, two insiders stated that zkSync plans to initiate TGE this week and airdrop in mid-June. Sources said that the token issuance, including the airdrop, will occur within 30 days after TGE, adding that the total supply of the token is 21 billion. According to internal message screenshots, zkSync currently aims to airdrop around June 13, and the company noted that it is expected to occur before the June 26 Blast token airdrop.
Arweave AO tokenomics to be released on June 13
Arweave AO stated on social media that AO will issue its own token with a 100% fair distribution, where each token will be minted through cross-chain to AO, holding AR, or building. The total supply of AO tokens is 21 million, halving every four years.
The tokenomics and genesis event are scheduled for June 13 at 23:00 Beijing time, to be launched by a new non-profit organization based on this mechanism.
MarketingFi and AI data layer Cookie3 will launch their COOKIE token on June 13
MarketingFi and AI data layer Cookie3 announced they have raised $5.5 million in funding, including $3.3 million in seed and strategic rounds, with investors including Animoca Brands, Spartan Group, Mapleblock Capital, and Castrum Capital among other Web3 venture capital firms.
The COOKIE token is the governance and utility token of the Cookie ecosystem, set to launch at 18:00 Beijing time on June 13, 2024. COOKIE is the first MarketingFi token with multi-airdrop functionality across the Cookie3 platform and has a growing demand mechanism related to AI data trust in Cookie3 Analytics, redeemable only through COOKIE tokens.
June 14 (Friday)
Social public chain Cyber mainnet staking will launch on June 14
Social public chain Cyber announced that it will stop the current Season 2 staking on June 3. At that time, a snapshot of the staking scores will be taken, and rewards will begin to be calculated based on the snapshot from June 3. Additionally, due to the complexity of its staking design, the contract audit took longer than expected, so Cyber mainnet staking will be delayed by one week, now planned to launch on June 14. Currently, staking users can choose to join the mainnet staking early bird event on the Cyber official website before June 3 to receive more rewards and free migration to the Cyber mainnet. The main changes are as follows:
The end of Season 2 and snapshot date has changed from June 8 to June 3, so 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.
Coinbase: Plans to suspend trading of Metal DAO (MTL) on June 14
According to Coinbase Assets on platform X, Metal L2 announced the migration of MTL from the Ethereum mainnet to Metal L2 via airdrop, and Coinbase will not support the token airdrop, suspending trading of Metal DAO (MTL) around 2 PM EST on June 14.
Additionally, according to Coinbase Assets on platform X, trading of Enjin Coin (ENJ) will also be suspended around 2 PM EST on June 14 based on recent reviews.
10x Research: Chiliz (CHZ) may surge due to the UEFA Euro starting on June 14
10x Research stated on platform X: "Chiliz (CHZ) tokens may rebound on June 14. We have repeatedly seen this situation: events are the best catalysts for trading cryptocurrencies, as prices often rebound in anticipation. The key is to exit when the event arrives, not to get attached to the storyline. However, there are usually opportunities to make money during the price rise phase before the event. This may apply again in this case.
The UEFA Euro is scheduled to kick off on June 14. While it may not be as significant for the entire cryptocurrency market as Bitcoin product launches, it could impact the Chiliz (CHZ) token. With less than three weeks to go, now may be the time to gain exposure. Chiliz (CHZ) is about to rise…"
Mande Network: Mainnet RollApp will launch on June 14
On-chain reputation network Mande Network, based on Dymension and Celestia, announced on platform X that the mainnet RollApp will launch on June 14.
June 15 (Saturday)
Tron (TRX) network upgrade scheduled for June 15, 2024, at 23:59
Binance announced that it will support the Tron (TRX) network upgrade. To prepare for the upgrade, Binance will conduct maintenance on the Tron (TRX) wallet on June 6, 2024, at 15:00. To support this maintenance, Binance will suspend deposits and withdrawals of Tron (TRX) at 14:55 on June 6, 2024. Maintenance is expected to take 2 hours, and deposits and withdrawals will automatically resume after maintenance is completed.
The Tron (TRX) network upgrade is scheduled for June 15, 2024, at 23:59. Binance expects to suspend deposits and withdrawals of Tron (TRX) at 23:50 on June 15, 2024.
Marlin: Ethereum relay network user interface will be deprecated on June 15, users need to cross-chain tokens to Arbitrum
Marlin announced on platform X that the relay network migrated from Ethereum to Arbitrum in January 2022, and users need to unstake their bound tokens and cross-chain them to Arbitrum to continue participating in the Marlin network.
The user interface on the Ethereum network will be deprecated on June 15, and Ethereum users need to complete this operation before that date; after the deadline, it will need to be done directly through smart contracts. Additionally, users on Arbitrum do not need to take any action.
June 16 (Sunday)
Notcoin: Users need to claim NOT before June 16
Notcoin users need to claim NOT before June 16, and can withdraw NOT to their wallets from the Notcoin bot; stakers can also withdraw. The special offer for staking has ended and the Levels and Explore features will soon be open to new users. Some unclaimed NOT will be used for future development, while other tokens will be burned.
