This Week's News Preview | Spot Ethereum ETF expected to launch on July 23; Trump to attend the 2024 Bitcoin Conference; Layer3 will launch an airdrop query page
Highlights of the week from July 22 to July 28.整理：Fairy，ChainCatcher
Key News:
- The documentary "Vitalik: The Story of Ethereum" trailer will be released on July 23 in the form of Zora Mint
- The spot Ethereum ETF is expected to be issued on July 23
- Five spot Ethereum ETFs from VanEck, Fidelity, and others will be listed on Cboe on July 23
- The token distribution protocol Layer3 will launch an airdrop query page on July 24
- The 2024 Bitcoin Conference will be held from July 25 to 27, with Trump expected to attend
- The Wall Street Journal: The U.S. SEC plans to announce the effectiveness of the Ethereum ETF registration statement on Monday
July 22 (Monday)
The Wall Street Journal: The U.S. SEC plans to announce the effectiveness of the Ethereum ETF registration statement on Monday
According to the Wall Street Journal, the U.S. Securities and Exchange Commission (SEC) informed asset management companies that the spot Ethereum ETF could be launched on July 23. After asset management companies submit their final round of application documents this week, the SEC is expected to announce the effectiveness of the Ethereum ETF registration statement on Monday. Once the statement is effective, the spot Ethereum ETF can begin trading.
zkLink: The first round of ZKL token distribution for Novadrop will start on July 22
zkLink announced on the X platform that the first round of ZKL token distribution for Novadrop will start on July 22.
Matrixport's first private strategy trading competition concludes
Matrixport's first private strategy trading competition will be held in the form of weekly selection rounds, lasting for 4 weeks (until July 22).
During the competition, Matrixport will evaluate based on the profit of the strategies and the number of orders placed, competing for a weekly prize of up to 3,700 USDT, along with exclusive top-tier rates and customized gift packages.
Mode Network announces a community hard fork on July 22
The OP Stack L2 project Mode Network announced on X that it will conduct a community hard fork on July 22.
According to RootData, Mode is an OP Stack L2 designed for growth, incentivizing and directly rewarding developers, users, and protocols to develop the Mode and superchain ecosystem. Mode has designed contract revenue-sharing incentives at the protocol layer. Applications and users expanding the Mode blockchain will directly receive a portion of the network sequencer's profits.
Binance suspends token deposits and withdrawals for the IoTeX (IOTX) network
According to an official announcement, Binance is expected to suspend token deposits and withdrawals for the IoTeX (IOTX) network at 07:00 on July 22, 2024 (UTC+8) to support its network upgrade and hard fork. This move aims to provide users with a quality experience. The project team will conduct the network upgrade and hard fork at block height 31,174,201 (expected at 08:05 on July 22, 2024, UTC+8).
Binance will complete adjustments to the minimum price precision for some spot trading pairs before 13:00 on July 22
According to an official announcement, Binance will complete adjustments to the minimum price precision (the minimum value of price fluctuations) for some spot trading pairs before 13:00 on July 22, 2024 (UTC+8). This includes:
- AR/FDUSD adjusted from 0.001 to 0.01;
- AR/TRY adjusted from 1 to 0.1;
- AR/USDC adjusted from 0.001 to 0.01;
- AR/USDT adjusted from 0.001 to 0.01;
- ARKM/USDC adjusted from 0.0001 to 0.001;
July 23 (Tuesday)
The documentary "Vitalik: The Story of Ethereum" trailer will be released on July 23 in the form of Zora Mint
Linda Xie, co-producer of Ethereum Stories, posted on X: "The Ethereum Stories documentary has been in production for over 3 years and is about to be shared with the world. We will release the feature documentary 'Vitalik: The Story of Ethereum' and the 'Ethereum Stories' short film series. A big thank you to our Mirror crowdfunding supporters for making this possible." Additionally, she stated that a complete crypto-native release version will be launched before the mainstream debut on traditional streaming platforms, which will include on-chain tickets and over 250 global IRL premieres.
The specific minting and release schedule is as follows:
Phase 1: The documentary will be released on July 23 in the form of Zora Mint, with the top 20 minters receiving premiere tickets, end credits acknowledgments, and other rewards;
Phase 2: Pre-sale of movie tickets will begin on July 26 on the Base chain;
Phase 3: Global release will start on September 18;
Phase 4: The film will continue to screen until Fall 2024;
Phase 5: Major streaming platforms will launch by the end of 2024 or in 2025.
The spot Ethereum ETF is expected to be issued on July 23
Bloomberg ETF analyst Eric Balchunas posted on X: "The SEC has finally responded to issuers today, asking them to return the final S-1 documents (including fees) by Wednesday, and then apply for effectiveness after the market closes on Monday, so that it can be issued on Tuesday, July 23."
Five spot Ethereum ETFs from VanEck, Fidelity, and others will be listed on Cboe on July 23
According to the Cboe official website, five spot Ethereum ETFs from VanEck, Invesco, Fidelity, 21Shares, and Franklin Templeton will begin trading on July 23.
The Russian Duma Committee is expected to conduct the first review of the cryptocurrency mining regulation bill on July 23
Bitcoin News tweeted that the Russian Duma Committee has recommended the first-round approval of the Bitcoin mining regulation bill. The revised bill authorizes the Russian government to collaborate with the Central Bank of Russia to formulate mining regulations for individuals, businesses, and mining pools. The document was initiated by a group of representatives from different factions led by Anatoly Aksakov, chairman of the State Duma's Financial Market Committee, and is expected to be reviewed at the meeting on July 23.
LayerZero Foundation: The final distribution for bounty hunters will take place on July 23
The LayerZero Foundation stated that the temporary list of bounty hunters and other details have been uploaded to the Commonwealth platform. Bounty hunters can review this temporary list before 00:00 UTC on July 21. The final distribution will be completed on July 23 (Tuesday).
The allocation is determined by the LayerZero Foundation and may change. This list should not be considered the final sybil list or reused verbatim. The list does not take into account unverified reports or reports later determined to be false positives.
Avail will launch its mainnet on July 23
The modular blockchain project Avail announced on social media that it will launch its mainnet on July 23.
July 24 (Wednesday)
Binance will delist TUSD from cross-margin and isolated-margin trading
According to Binance's announcement, the Binance margin trading platform will delist the TUSD trading pair from cross-margin and isolated-margin trading at 14:00 on July 24, 2024 (Beijing time). The delisted cross-margin trading pairs include BTC/TUSD and TUSD/USDT, while the isolated-margin trading pairs include BTC/TUSD and TUSD/USDT.
The token distribution protocol Layer3 will launch an airdrop query page on July 24
The Layer3 Foundation announced in its official Discord community that it will release the initial L3 token allocation checker on July 24, but the tokens will not be launched on that date. The Layer3 Foundation stated that they have been working to gather feedback from the community and create a token economic model that aligns with the long-term development of Layer3.
MapleStory Universe will launch the "MapleStory N" pioneer test on July 24
The blockchain gaming ecosystem MapleStory Universe announced on X that the first pioneer test for "MapleStory N" is now open for tester registration.
Registration is from July 1, 5:00 to July 7, 4:59 (UTC). The announcement of selected testers will be made on July 18, and the pioneer test will run from July 24 to August 2.
July 25 (Thursday)
Zeta Markets: Distribution of 8 million ZEX incentives for the genesis Epoch will begin on July 25
Zeta Markets announced on social media that 8% of the token supply has been distributed to 80,000 traders, and an additional 30% (300 million tokens) will be allocated for platform incentives over the next 90 epochs. The distribution of 8 million ZEX incentives for the genesis Epoch will begin on July 25, and staking ZEX before July 25 will qualify for the staking airdrop (20 million ZEX).
Additionally, as part of the platform incentives, 2.7% of the supply is reserved for professional market makers and algorithmic traders to enhance Zeta's liquidity.
The 2024 Bitcoin Conference will be held from July 25 to 27
The 2024 Bitcoin Conference will be held from July 25 to 27 in Tennessee, USA. Trump is expected to attend the event and speak on-site (expected to take place on the last day of the event, July 27).
Coinbase International plans to launch TAO, TON, and TRB perpetual futures trading on July 25
Coinbase International and Coinbase Advanced plan to add support for Bittensor, Toncoin, and Tellor perpetual futures, with TAO, TON, and TRB perpetual futures trading expected to open on July 25, 2024, at 9:30 AM (UTC) or later.
July 26 (Friday)
Chromia ProjectNet mainnet candidate version operation deadline
According to official news, Layer1 relational blockchain Chromia announced the launch of an incentive testing program, rewarding 250,000 CHR.
It is reported that the program consists of three independent plans, each with its dedicated network running the Chromia mainnet candidate version: HackNet designed for coders and advanced users, running until June 28; ProjectNet designed for developers, running until July 26; QuestNet designed for everyday users, launched on June 18, running until August 30.
July 27 (Saturday)
Trump is expected to attend Bitcoin 2024 and give a speech
David Bailey, CEO of Bitcoin Magazine, confirmed on Twitter that Trump will still attend the 2024 Bitcoin Conference held in Nashville this month and give a speech. The conference will take place from July 25 to 27, with Trump scheduled to deliver a 30-minute speech at 2 PM on the last day of the conference.
