This Week's News Preview | Blast airdrop will launch; quarterly options expiration next Friday; Ether.fi second quarter airdrop ends; EU crypto market regulation MiCA faces key deadline
Highlights of the week from June 24 to June 30.Organizer: Fairy, ChainCatcher
Key News:
- Protocol Guild, external project contributors, and ZKsync native project contributors can claim ZK tokens starting June 24
- South Korean crypto exchange GDAC will suspend trading services on June 24
- FTX tax case hearing date is June 25
- io.net: Daily block rewards for IO Workers will start being distributed on June 25
- Blast: Airdrop will start on June 26
- The first TV debate between Biden and Trump will be held on June 27, focusing on topics such as the economy and inflation
- Bitcoin options worth $6.65 billion and Ethereum options worth $3.56 billion will expire on June 28
- Ether.fi: The second season airdrop will start on March 15 and end on June 30
- The EU's crypto market regulation MiCA will reach a critical deadline on June 30
June 24 (Monday)
Protocol Guild, external project contributors, and ZKsync native project contributors can claim ZK tokens
ZK Nation announced that the ZK airdrop claim address is now open, and claim transactions will be queued, which may take a few minutes to see ZK tokens in the wallet. Gas fees will be covered by ZKsync. Starting June 24, 2024, Protocol Guild, external project contributors, and ZKsync native project contributors can claim.
UXUY launches the fifth phase of Launchpad, with the hybrid consensus project $TBO (Biturbo) debuting on June 24 at 10:00 (UTC)
UXUY launches the fifth phase of Launchpad, debuting the hybrid consensus project $TBO (Biturbo) on June 24 at 10:00 (UTC). Biturbo is the world's first EVM-compatible blockchain using a hybrid consensus mechanism of Proof of Trade (PoT) and Proof of Liquidity (PoL). Users participating in this round of Launchpad can increase their chances of winning by making any Swap transaction on the UXUY APP between June 21 at 10:00 and June 24 at 10:00 (UTC). The subscription limit for this round of Launchpad is 500 people, and fees paid by users who do not win will be refunded 100%.
Binance will suspend deposits and withdrawals of the old MTL token on June 24, 2024, at 10:00 (UTC+8)
According to the official announcement, Binance will support the Metal DAO (MTL) mainnet swap plan. Binance will suspend deposits and withdrawals of the old MTL token on June 24, 2024, at 10:00 (UTC+8). Users are advised to allow sufficient time to complete transactions involving the old MTL token.
During the mainnet swap period, spot trading, margin trading, contract trading, and Binance's financial services will not be affected; Binance will assist users holding MTL tokens in their Binance accounts with any technical issues involved.
AI Arena: Token NRN will be launched on June 24
AI game AI Arena announced on social media that token NRN will be launched on June 24. Additionally, the claim website will open at 15:00 on June 24.
AdEx major announcement will be released on June 24
Web3 advertising platform AdEx announced on X that a long-awaited major announcement will be made on June 24.
South Korean crypto exchange GDAC will suspend trading services on June 24
According to News1, South Korean crypto trading platform GDAC announced it will terminate services due to system restructuring, with the end date set for July 16. From July 16, automatic withdrawals will switch to manual withdrawals, and GDAC will implement a separate withdrawal fee policy for manual withdrawals. Starting from June 24 at 11:00 local time, cryptocurrency trading services on GDAC will no longer be available.
GMX: The deadline for submitting proposals for the second round of funding is June 24
GMX announced on X that the deadline for submitting proposals for the second round of funding is June 24 at 8:00 AM (UTC).
June 25 (Tuesday)
FTX tax case hearing date is June 25
FTX plans to pay $200 million in priority tax claims and $685 million in subordinated tax claims. Priority tax claims (such as taxes) must be paid before other debts, while subordinated claims are only paid after priority obligations are fulfilled.
The FTX debtors, responsible for managing the company during bankruptcy, believe that the IRS incorrectly included funds misappropriated by Sam Bankman-Fried and other tax liabilities in its calculations. The IRS disagrees with the debtors' argument and plans to seek substantial tax liabilities if a settlement cannot be reached. The objection deadline for the case is June 17, and the hearing date is June 25, 2024.
io.net: Daily block rewards for IO Workers will start being distributed on June 25
Decentralized AI computing and cloud platform io.net announced on X that block rewards are about to go live. Starting June 25, daily rewards for IO Workers will begin distribution.
Blast: Dapps must distribute all Gold and points to users by 20:00 on June 25
Blast announced that the airdrop will officially take place in one week, and Dapps must distribute all Gold and points to users by 20:00 Beijing time on June 25 for statistical purposes.
If a user's EOA holds points or Gold, they must have logged into the Blast dashboard at least once using that EOA (by receiving an invitation or linking it to an existing account) to be included in the airdrop calculation.
EU regulators view MEV as market abuse, consultation feedback due by June 25
According to CryptoSlate, the European Securities and Markets Authority (ESMA) defined Maximum Extractable Value (MEV) as a clear example of illegal market abuse in its proposed technical standards under the Markets in Crypto-Assets (MiCA) regulation.
Patrick Hansen pointed out that nearly all EU-regulated crypto businesses, including exchanges and brokers, will need to detect and report instances of MEV through comprehensive "Suspicious Transaction or Order Reports" (STORs). The new standards have raised concerns about the feasibility of managing reports for every instance.
ESMA also suggested that authorities inside and outside the EU cooperate to sanction market abuse, and participants in MEV may face investigations and enforcement actions from international regulators. The consultation feedback deadline set by ESMA is June 25, and the final standards are expected to have a significant impact on the EU's crypto regulatory environment.
BNB Greenfield network will undergo Veld hard fork upgrade on June 25
According to official news, the BNB Greenfield network is about to undergo a Veld hard fork upgrade, which will bring significant updates and optimizations to the platform. Key points are as follows:
- The testnet Veld hard fork is expected to occur on June 25 at 15:00;
- The mainnet Veld hard fork is planned to occur at block height 9,269,910. Based on the current block interval, it is expected to happen on July 8 at 15:00.
June 26 (Wednesday)
Blast: Airdrop will start on June 26
Ethereum L2 network Blast announced that its airdrop event will start on June 26, which has exceeded the initially expected May timeline. Apologies for the delay, and to compensate, the airdrop allocation will be increased. There will be two final Dapp Gold distributions before the airdrop.
Blur: Season 3 will also end on June 26 following Blast
NFT trading platform Blur announced on X that since it has been confirmed that Season 3 is supported by Blast, and given that the current airdrop schedule has been updated to June 26, Season 3 will also end on that day.
Zimbabwe has established a committee to solicit opinions on regulating cryptocurrency operations, deadline June 26
The Zimbabwean government is seeking public opinions on the operation of crypto assets to formulate regulatory policies in this area. The government stated that in light of global trends and best practices, Zimbabwe is assessing and understanding the full scope of cryptocurrencies and invites all cryptocurrency service providers serving Zimbabwean customers, whether operating domestically or internationally, to provide suggestions and feedback. To this end, the government has established a committee responsible for consulting with operators in the virtual asset ecosystem and hopes to receive feedback by June 26.
Floki will launch the public mainnet open beta of Floki Trading Bot on June 26
Floki released a video on X revealing that the public mainnet open beta of Floki Trading Bot will be launched on June 26 at 1:00 (Beijing time).
June 27 (Thursday)
Optimism will launch OP Governance Season 6 on June 27, focusing on optimizing support for the superchain
Optimism will open OP Governance Season 6 from June 27 to December 11, focusing on optimizing support for the superchain.
Grant applications will open on July 18, every three weeks, aiming to achieve decentralization, bring different public chains into the superchain, and cultivate application developers on the superchain.
Starknet: The mainnet of the chain game Influence will launch on June 27
Starknet announced on X that the mainnet of the NFT chain game Influence will launch on June 27.
Orderly: NEAR traders must bind their wallets by June 27 to receive airdrops
The cross-chain derivatives liquidity layer project Orderly Network will airdrop a total supply of 10% of tokens (100 million) to early users, and NEAR traders need to bind their wallets by June 27.
The first TV debate between Biden and Trump will be held on June 27, focusing on topics such as the economy and inflation
According to Xinhua News Agency, U.S. President Biden, a Democrat, challenged his Republican predecessor Trump last month to abandon the decades-old tradition of fall debates and hold two offline debates in advance, to which Trump agreed. The two debates will be hosted by CNN and ABC on June 27 and September 10, respectively. CNN stated that there will be two commercial breaks during the debates, during which campaign staff cannot interact with the candidates, and there will be no audience in the studio. According to a campaign memo obtained by Reuters, Biden's first debate will cover three topics: abortion rights, the state of democracy, and the economy. Trump's team pointed out that immigration, public safety, and inflation are key issues ahead of the debate.
Coinbase International will open perpetual futures trading for ALT-PERP, LDO-PERP, and PENDLE-PERP on June 27
Coinbase International Exchange announced that it will begin supporting perpetual futures trading for Altlayer (ALT), Lido DAO (LDO), and Pendle (PENDLE) on June 27, 2024, at 9:30 UTC or later. These new markets will open on Coinbase International Exchange and Coinbase Advanced platforms, with corresponding trading pairs ALT-PERP, LDO-PERP, and PENDLE-PERP.
June 28 (Friday)
Bitcoin options worth $6.65 billion and Ethereum options worth $3.56 billion will expire on June 28
According to data released by Deribit officials, the options expiration for this quarter will occur on Friday, June 28, at 4 PM, with Bitcoin options totaling $6.65 billion in open interest, a put/call ratio of 0.51, and a maximum pain point of $56,000; Ethereum options totaling $3.56 billion in open interest, a put/call ratio of 0.62, and a maximum pain point of $3100.
Chromia HackNet mainnet candidate version operation deadline
According to official news, Layer1 relational blockchain Chromia announced the launch of an incentive testing program, rewarding a total of 250,000 CHR.
The program consists of three independent plans, each with its own dedicated network running the Chromia mainnet candidate version: HackNet is designed for coders and advanced users, running until June 28; ProjectNet is designed for developers, running until July 26; QuestNet is designed for everyday users, launched on June 18, running until August 30.
VeChain: VeBetterDAO mainnet will launch on June 28
VeChain announced on social media that the VeBetterDAO mainnet is about to launch, with the final snapshot for token activities for testnet participants to be taken on June 23. Based on this data, these tokens will be mapped to the mainnet.
VeBetterDAO rewards will be open for claims from June 17 to June 22 and will be paused on June 23, after which the mainnet tokens will be launched on June 28.
The chain game Lumiterra will close its native trading market on June 28
The chain game Lumiterra announced on X that to better serve players and enhance the trading experience, the team will close the native trading market on June 28 at 15:00, 12 days later. After the closure, the native trading market will no longer be available.
The chain game MetalCore: Token MCG will launch on June 28
The chain game MetalCore announced on X that its game token MCG will launch on June 28. Additionally, players who participated in the early closed beta must complete the final task to bind their wallets.
June 30 (Sunday)
Bithumb Meta will close the NFT trading platform NAEMO Market on June 30
According to the Chosun Ilbo, Bithumb's metaverse company Bithumb Meta will close its NFT trading platform NAEMO Market on June 30.
Nemo Market was launched in August 2022. Since the end of last year, NAEMO Market has effectively ceased operations.
Bithumb Meta is laying off most of its staff, including key developers of Nemo World, and is undergoing restructuring.
BRC721: The protocol will be suspended, and the indexer, API, and image processing server will stop on June 30
BRC721 announced on X that it will suspend the protocol and stop the indexer, API, and image processing server on June 30.
PsyFi: Users are requested to withdraw assets from all PsyFi products by June 30
Decentralized options infrastructure PsyFi announced on X that users are requested to withdraw assets from all PsyFi products by June 30 to avoid any potential issues afterward.
The EU's crypto market regulation MiCA will reach a critical deadline on June 30
According to The Block, the critical deadline for the EU's MiCA (Markets in Crypto-Assets) regulation is approaching on June 30, which will affect member states' regulation of the cryptocurrency and digital asset market. MiCA also impacts stablecoins, affecting their issuance, operation, and regulation within the EU. MiCA is regulated by the European Securities and Markets Authority (ESMA) and was approved by the European Parliament in April 2023, stipulating that stablecoins issued in the region must meet higher regulatory requirements.
Ether.fi: The second season airdrop will start on March 15 and end on June 30
The non-custodial liquid staking protocol Ether.fi announced on Twitter that the second season airdrop will start on March 15 and end on June 30, with longer staking times resulting in higher loyalty point rewards for users. The second season airdrop will distribute 50 million tokens, accounting for 5% of the total supply.
Illuvium extends the creator program until June 30
The chain game Illuvium announced that it will extend the Illuvium creator program for the remainder of the second quarter, starting from April 22 at 08:00 Beijing time and ending on June 30 at 08:00, to continue rewarding creators who bring value to the community through content. The program will provide 100 ILV rewards weekly.
