This Week's News Preview | Biden will attend the Bitcoin Roundtable in early July; Mt. Gox will start Bitcoin and BCH repayments in early July; ASI token merger plan begins implementation
Highlights of the week from July 1 to July 7.整理：Fairy，ChainCatcher
Key News:
- Biden will attend a Bitcoin roundtable in Washington in early July
- Mt. Gox will begin Bitcoin and BCH repayments in early July 2024
- The UK will hold elections on July 4
- AGIX and OCEAN will first convert to FET on July 1, then transition to ASI tokens
- ether.fi: Season 3 will start on July 1
- Mint will launch its public mainnet on July 1
- The Particle token TGE will take place on July 2 at 18:00
July 1 (Monday)
Grab will stop e-wallet services in Vietnam starting July 1
Southeast Asian multifunctional online service platform Grab announced today that it will stop providing e-wallet services in Vietnam, which were launched in 2018 in partnership with local payment company Moca. Starting July 1, this change will affect the Moca app and Grab's app in Vietnam. This partnership included Moca providing payment intermediary services for all of Grab's operations in Vietnam. Users will receive refunds for their remaining balances. Additionally, Grab users can still make cashless payments using bank cards, ZaloPay accounts, and MoMo accounts.
Binance updates its managed sub-account feature
Starting from 08:00 (UTC+8) on July 1, 2024, Binance will update its managed sub-account feature (MSA), which includes: asset requirements, fee structure, and new managed sub-account fees.
Teams deploying active contracts on the Zetachain mainnet can submit ZETA reward RFP proposals
The fully abstract L1 Zetachain announced the first round of XP airdrops, allocating 10 million ZETA rewards. Any team deploying active contracts on the Zetachain mainnet with active users can submit ZETA reward RFP proposals before 08:00 Beijing time on July 1. This airdrop focuses on the first batch of XP users from the May 1 snapshot, with approximately 419,000 users eligible, each holding at least 200,000 XP.
Zetachain stated that projects should allocate at least 95% of tokens to users when creating proposals, with development teams allowed to retain a maximum of 5% for operational costs or future user growth plans. Projects can determine reward mechanisms such as first-come-first-served or proportional distribution.
Additionally, Zetachain mentioned that since the release of Zetachain 1.0, the User Growth Pool has allocated 80 million ZETA to users.
Binance will delist and stop trading all spot trading pairs of OCEAN and AGIX on July 1
Binance will delist and stop trading all spot trading pairs of OCEAN and AGIX at 11:00 Beijing time on July 1 to support the merger of OCEAN and AGIX into FET.
Previous news indicated that the Artificial General Intelligence Alliance announced significant progress and updates regarding the ASI token merger, planned to be implemented starting July 1, 2024. The token merger will temporarily merge SingularityNET's AGIX and Ocean Protocol's OCEAN tokens into Fetch.ai's FET, then transition to the future ASI token.
AGIX and OCEAN will first convert to FET on July 1, then transition to ASI tokens
The Artificial General Intelligence Alliance announced significant progress and updates regarding the ASI token merger, planned to be implemented starting July 1, 2024. The token merger will temporarily merge SingularityNET's AGIX and Ocean Protocol's OCEAN tokens into Fetch.ai's FET, then transition to the future ASI token.
AGIX and OCEAN tokens will migrate to FET at conversion rates of 1 AGIX equal to 0.433350 FET and 1 OCEAN equal to 0.433226 FET.
Previous news stated that Binance will support the merger of FET, OCEAN, and AGIX into ASI on July 1.
Decentralized Autonomous Organization W3GG will launch a token private sale on July 1
Decentralized Autonomous Organization W3GG announced that it will launch a token private sale on July 1. W3GG offers community members the opportunity to purchase tokens at an initial price of $0.05 each.
To participate in the sale, community members must meet the following requirements:
- Have a W3GG account
- Hold a W3GG SBT
- Complete KYC on presale.w3gg.io
- Hold more than 1500 WXP
ether.fi: Season 3 will start on July 1
The liquid staking protocol ether.fi announced on social media that Season 2 will end on June 30. The Checker will go live on July 5. Claims will be available starting July 8.
The allocation of 25 million ETHFI for Season 3 is currently awaiting a vote and is likely to pass. Season 3 will start on July 1.
Curve Finance's first liquidity pool supporting aUSDT stablecoin voting end date
Curve Finance announced on the X platform that it has opened voting to launch its first liquidity pool exclusively supporting Tether, which is currently the first aUSDT liquidity pool in the DeFi market. The voting end date is reported to be July 1.
Uphold will stop supporting multiple stablecoins starting July 1
According to Crypto Briefing, New York cryptocurrency exchange Uphold announced that due to the upcoming implementation of the Markets in Crypto-Assets (MiCA) regulation in the European Economic Area (EEA) on June 30, the platform will stop supporting multiple stablecoins starting July 1.
The affected stablecoins include Tether (USDT), Dai (DAI), Frax Protocol (FRAX), Gemini Dollar (GUSD), Pax Dollar (USDP), and TrueUSD (TUSD). Uphold advises users to convert their relevant stablecoins before June 27 to avoid automatic conversion to USDC on June 28.
WEMIX will launch the Brioche hard fork on July 1, reducing the total supply of WEMIX tokens by 60%
Korean blockchain gaming platform WEMIX announced on its official website that the Brioche hard fork will officially launch on July 1. This hard fork aims to introduce revised minting rules and enhanced WEMIX PLAY, while also integrating blockchain technology into "Legend of YMIR." The total supply of WEMIX will be limited to 588 million, a 60% reduction from the current maximum supply of 980 million. Additionally, with the launch of the Brioche hard fork, the upgraded WEMIX tokenomics will burn approximately 435 million WEMIX held by the foundation.
io.net: The application period for the Ignition rewards program Season 3 is expected to start on July 1
io.net announced on the X platform that the application periods for Seasons 1 and 2 of the Ignition rewards program will end at 11:00 UTC on June 18, 2024, and users with eligible wallets must claim before the window closes. The application period for Season 3 will start at 13:00 UTC on July 1, 2024 (21:00 Beijing time).
dYdX: The monthly unlock amount of DYDX will be reduced from 33 million to 8.3 million
dYdX announced on the X platform that starting July 1, 2024, the monthly unlock amount of DYDX will be reduced from 33 million to 8.3 million, a 75% decrease.
Aleo releases testnet Beta version validator incentive program
The programmable privacy network Aleo has released a testnet Beta version validator incentive program. From July 1 to 15, users can earn Aleo credit points by solving Coinbase puzzles and generating zero-knowledge proofs. The official will provide 1 million credit points for validators, with a minimum reward for accumulating 1000 mainnet credit points; if users earn less than this amount, they will not receive rewards.
Mint will launch its public mainnet on July 1
The Ethereum L2 network Mint aimed at NFTs announced on X that it will launch its public mainnet on July 1.
Opyn's perpetual contract protocol Opyn Markets landing page will go live on July 1
Decentralized options platform Opyn announced on social media that it will launch the perpetual contract protocol Opyn Markets, which supports any asset and offers linear, stable, and option-like perpetual contracts. The landing page will go live on July 1.
July 2 (Tuesday)
The Particle token TGE will take place on July 2 at 18:00
The decentralized leveraged trading protocol Particle from the Blast ecosystem announced the PTC token economics, with a maximum supply of 200 million tokens, 55% for the community, 21% for contributors, and 24% for investors.
Additionally, the initial airdrop will be 20 million tokens (approximately 18.2% of the community allocation), vesting over 24 months; contributor and investor tokens will be locked for 6 months. The TGE will take place on July 2 at 18:00.
Parallel Network: Withdrawal function will be launched on July 2
The fully chain L2 network Parallel Network announced on the X platform that the withdrawal function will be launched on July 2, allowing users to withdraw assets from Parallel L2 to public chains, including ETH, Manta, Merlin-Chain, and Arbitrum One.
July 3 (Wednesday)
Ronin: Goda upgrade is expected to go live on July 3
Ronin announced that the Goda upgrade is expected to take place at block 36052600 on July 3. Additionally, Ronin stated that the Tripp hard fork allows all validators to earn rewards daily by generating blocks.
The Aaron Hardfork introduces upgradability for Axie & Land smart contracts, and the REP-0014 proposal implements Ethereum's EIP-1559, transferring gas fees to the Ronin Treasury.
Scroll will conduct the Curie upgrade on July 3, introducing DA compression to reduce on-chain gas fees
Scroll announced on the X platform that it will conduct the Curie upgrade on July 3, which will reduce gas fees by 50%. The Curie upgrade uses the zstd algorithm to further compress data stored in blobs, reducing data size by 2.8 times, allowing each blob to store more transactions and thus lowering the data availability cost per transaction.
July 4 (Thursday)
Degen launches Airdrop 2 Season 6
Base ecosystem project Degen announced on X that it will extend Airdrop 2 Season 5 to July 4, with Season 6 launching on the same day.
The US SEC may approve a spot Ethereum ETF as early as July 4 (The SEC has returned the S-1 form again, and the probability of approval on this date is low)
According to Reuters, negotiations between eight asset management companies, including BlackRock, and regulators have entered the final stages, with only minor modifications remaining. The US SEC may approve a spot Ethereum ETF as early as July 4.
Executives from two companies stated that the process of revising the issuance documents has made progress, addressing only "minor" issues. Due to the confidentiality of the discussions, these executives requested anonymity. These documents must be approved for the ETF to be issued. A lawyer working with the issuers (who also requested anonymity) stated that the process is currently "in the final stages," and approval "may only take a week or two."
Wormhole: The W airdrop claim window will close on July 4
Wormhole announced on social media that the W airdrop claim window will close at 07:59 Beijing time on July 4.
Additionally, SUI users who were unable to claim the airdrop due to zkLogin will soon receive updates regarding their claims.
The UK will hold elections on July 4
The UK will hold early elections on July 4, which may result in the crypto-friendly Conservative Party losing power.
The Conservative Party has expressed its desire for the UK to become a crypto hub and has played a significant role in legislating to recognize digital assets as regulated financial services in the country.
According to the latest polls, the Labour Party is leading in the upcoming elections and plans to turn the UK into a tokenized center, supporting the Bank of England's digital pound initiative, but has yet to make a statement on cryptocurrency legislation.
The claim period for the first phase of the TAIKO token airdrop will end on July 5
Taiko announced on the X platform that the first phase of the TAIKO token airdrop is now open for claims. Eligible users can now claim 5% of the initial TAIKO supply, approximately 50 million tokens. The claim period is from June 5, 2024, to July 5, 2024.
July 5 (Friday)
OKX will delist the FET/USDT perpetual contract on July 5
According to OKX's official announcement, in accordance with Fetch.ai's official migration requirements, OKX will delist the FET/USDT perpetual contract from 16:00 to 17:00 Beijing time on July 5.
Binance opens ASI spot trading
Binance will support the merger of Fetch.ai (FET), Ocean Protocol (OCEAN), and SingularityNET (AGIX) into ASI.
Binance will stop trading and delist all existing FET, OCEAN, and AGIX spot trading pairs at 11:00 (UTC+8) on July 1, 2024; and will open ASI/BNB, ASI/BTC, ASI/BRL, ASI/FDUSD, ASI/TRY, ASI/USDC, and ASI/USDT spot trading at 16:00 (UTC+8) on July 5, 2024.
July 7 (Sunday)
Taiko: "Trailblazers Trail 3" gaming event extended to July 7
The zkRollup-based Ethereum Layer 2 network Taiko announced that the "Trailblazers Trail 3" gaming event has been extended for two weeks. Users who play games and engage in on-chain activities on Taiko before July 7 will receive the Bouncer Faction badge, which also grants points bonuses.
Currently, the incentive activity includes 9 games: Looperlands, Crack&Stack, 0xAstra, 21BJ, EVM Warfare, Stupid Monkeys, Swords & Dungeons, Ultiverse, Zypher Network.
ZK technology developer =nil; Foundation will launch Devnet "zkSharding MVP" on July 7
ZK technology developer =nil; Foundation announced on X that it will launch its first Devnet—zkSharding MVP—at EthCC on July 7.
Meanwhile, interested parties can submit applications through the official link provided, with a chance to join a selected group of developers to test the Devnet first.
Specific time not yet determined
Mt. Gox will begin Bitcoin and BCH repayments in early July 2024
According to Tree News, Mt. Gox will begin Bitcoin and BCH repayments in early July 2024.
Biden will attend a Bitcoin roundtable in Washington in early July
According to Bitcoinmagazine, Biden will join key congressional officials in Washington, D.C. for a Bitcoin roundtable led by U.S. Congressman Ro Khanna, which will discuss how to keep Bitcoin and blockchain innovation within the United States.
U.S. Congressman Ro Khanna will host a Bitcoin and blockchain roundtable in Washington, D.C. in early July, describing it as "the most important meeting yet between blockchain policymakers and innovation leaders." The roundtable is expected to include officials from the Biden administration, the House of Representatives, and the Senate, as well as American businessman Mark Cuban. The main goal of the meeting is to strategize on how to keep "Bitcoin and blockchain innovation in the U.S."
