This Week's News Preview | Harris team to attend Crypto-related conference; Hearing on FTX and CFTC settlement motion to be held
Highlights of the week from August 5 to August 11.整理：Fairy，ChainCatcher
Key News:
- Forbes Reporter: Harris Campaign Team to Join Crypto Industry Leaders for Meeting in Washington on Monday
- General Deadline for Claims in Terraform Labs Bankruptcy Case Set forBeijing TimeAugust 10, 2024, 5 AM
- FTX Reaches $12.7 Billion Settlement with U.S. CFTC, Hearing Scheduled for August 6
- Simon's Cat Plans to Launch Meme Coin on Floki Launchpad
- European Securities and Markets Authority Consultation on Inclusion of Crypto Assets in €12 Trillion Investment Market Ends August 7
- Ethereum Privacy Protocol DOP Mainnet Launching on Polygon on August 5, Along with NFT Encryptions Feature
August 5 (Monday)
NFTfi Earn Season 3 Airdrop Claim Period Ends
The NFT lending protocol NFTfi Foundation announced on X that the Earn Season 3 airdrop has begun, distributing a total of 30 million NFTFI tokens, with eligible users having 42 days to claim their NFTFI allocation.
The airdrop claim period will end on August 5, 2024, at 9 PM. After this, any unclaimed tokens will return to the NFTfi Foundation treasury. Eligible users can immediately unstake their NFTFI or keep it staked to maintain the Earn Season 4 staking multiplier.
GRVT to Launch Open Beta Testnet on August 5
According to The Block, the cryptocurrency trading platform GRVT will launch its Open Beta testnet on August 5, distributing 2.4 million ZK tokens to the first 30,000 early testers (account verification and first transaction required).
Additionally, RootData reported that in March 2024, GRVT completed a $2.2 million strategic funding round with participation from QCP Capital, Selini Capital, Antelope, Pulsar Trading, and Ampersan. To date, GRVT has raised a total of $9.3 million.
Forbes Reporter: Harris Campaign Team to Join Crypto Industry Leaders for Meeting in Washington on Monday
Forbes reporter Eleanor Terrett revealed on X that California Congressman Ro Khanna will host another meeting in Washington on Monday, attended by crypto industry leaders, Democratic politicians, and representatives from the Harris campaign team.
Eleanor Terrett stated that this move represents an effort by pro-crypto Democrats to re-establish a new starting point with the industry.
Starknet: Launching Starknet v0.13.2 Testnet on Monday, Mainnet Release on August 26
Starknet's official social media post announced that Starknet v0.13.2 is coming, with the testnet launch scheduled for August 5 (Monday); the mainnet launch is set for August 26 (Monday), reminding developers to upgrade their full node versions.
L1 Chain Vanar to Open Velocity and Galxe Vanguard Testnet Participant Reward Claims on August 5
Layer 1 blockchain Vanar announced on X that all participants of the Velocity and Galxe Vanguard testnets can claim rewards starting August 5. The official reminded users to be cautious of related scam links and stay vigilant.
Parallel L2 Points Collection Program Has Ended, Entering Maintenance Phase on August 5
Parallel Network announced that the Parallel L2 points collection program has ended and will retain snapshots of all user points data. After the program ended on July 24, 2024, assets on the Parallel L2 chain will no longer generate new Parallel points.
Parallel will focus on its core areas and enter a new development phase. Starting August 5, 2024, Parallel L2 will enter a maintenance phase, during which only withdrawal-related functions will be available. The following pages will enter maintenance mode: Parallel L2 Wallet, Parallel L2 Bridge, Parallel L2 Airdrop Page, Parallel L2 Lending, and Parallel L2 Swap.
Chain Game Lumiterra to Launch First Closed Beta on Ronin on August 5, Offering $1 Million Prize Pool
Chain game Lumiterra announced on X that it will officially launch its first closed beta (CBT#1) on Ronin at 3:00 PM on August 5, with a total prize pool of $1 million.
Ethereum Privacy Protocol DOP Mainnet Launching on Polygon on August 5, Along with NFT Encryptions Feature
Ethereum privacy protocol Data Ownership Protocol (DOP) announced on X that its mainnet will launch on Polygon on August 5, along with the NFT Encryptions feature.
Previous news indicated that Data Ownership Protocol announced on X that the mainnet test version is live, allowing cryptocurrency users to experience DOP technology on the Ethereum blockchain. The protocol primarily provides encryption, sending, decryption, and staking functions to protect user data privacy.
MultiversX Plans to Release xExchange V3, Public Testing from August 5 to 7
Highly scalable blockchain platform MultiversX plans to release xExchange V3. Public testing will take place from August 5 to 7, with an official launch shortly after testing. It stated that it will use the new MultiversX Testing Fork technology instead of devnet/testnet, which was originally built to meet specific xExchange testing needs. Users will be able to test directly with their mainnet balances and positions without starting from new accounts.
August 6 (Tuesday)
Binance Plans to Upgrade Spot and Margin Trading System on August 6
According to the official announcement, Binance will upgrade its spot and margin trading system on August 6, 2024, at 3:00 PM (UTC+8), with an expected upgrade duration of 10 minutes. During the upgrade, Binance's spot and margin trading will not be affected, but app/web/client users will be unable to view transaction history for completed orders during the upgrade; API users will still receive transaction history data.
FTX Reaches $12.7 Billion Settlement with U.S. CFTC, Hearing Scheduled for August 6
According to TheBlock, the bankrupt cryptocurrency exchange FTX and the U.S. Commodity Futures Trading Commission (CFTC) have agreed to a $12.7 billion settlement, currently awaiting approval from a Delaware judge. The CFTC filed a fraud lawsuit against FTX, former CEO SBF, and its affiliate Alameda in 2022, claiming their actions led to customer losses of $8 billion.
The CFTC initially sought $52.2 billion in claims. As part of the settlement agreement, the CFTC agreed not to seek any compensation as long as FTX complies with its restructuring plan. FTX will pay creditors up to $12.7 billion in compensation, depending on available funds. The hearing for the settlement motion will be held on August 6.
FTX filed for bankruptcy at the end of 2022. In May of this year, FTX's bankruptcy administrator announced a restructuring plan, under which creditors will receive full cash repayment. According to the plan, creditors with claims under $50,000 will be eligible for 118% compensation within 60 days after court approval.
August 7 (Wednesday)
European Securities and Markets Authority Consultation on Inclusion of Crypto Assets in €12 Trillion Investment Market Deadline
According to DL News, the European Securities and Markets Authority (ESMA) is consulting the industry and experts on whether crypto assets should be included in investment products, which could open up a broader market for cryptocurrencies, far exceeding the market size of Bitcoin spot ETFs.
The plan aims to expand the applicability of UCITS (Undertakings for Collective Investment in Transferable Securities), with a market size of up to €12 trillion. If successful, this would be a key step toward the mainstreaming of crypto assets in Europe, with financial regulatory expert Sean Tuffy calling it a "game changer."
The consultation deadline for ESMA is August 7, and approval remains to be seen. DLA Piper lawyer Andrea Pantaleo stated that the impact of this move would far exceed that of U.S. ETFs, as many fund sectors may direct some liquidity toward crypto assets.
August 8 (Thursday)
Ola: Plans to Snapshot Token Distribution for Massive Season 2 on August 8
Layer 2 modular ZKVM project Ola announced on social media that the token distribution snapshot for its mobile ZKP verification network Massive Season 2 will take place at 8 PM on August 8. Points accumulated in the second season will be recorded and serve as the basis for eligibility and proportion for obtaining Ola tokens.
It is reported that Ola has issued an announcement soliciting proposals from the community regarding the token distribution method for Massive Season 2, offering 10,000 OVP (Ola Community Points) as a reward.
Enso Finance Conducting Token Public Offering on CoinList, Continuing Until August 8
CoinList announced that Enso Finance's token public offering began on August 1, 2024, at 01:00 (UTC +8) and will end on August 8 at 01:00 (UTC +8). This auction allocates 5 million ENSO tokens, accounting for 5% of the total supply. The starting price is $8, with a reserve price of $1.5. The token generation event (TGE) is expected to take place around September 15, 2024. EnsoFinance is the world's first intention engine, allowing developers and users to express desired outcomes to build truly composable applications.
Simon's Cat Plans to Launch Meme Coin on Floki Launchpad
According to CoinDesk, the animated series Simon's Cat announced plans to launch a meme coin on Floki Launchpad, collaborating with Floki, BNB Chain, and DWF Labs. The related tokens are expected to be issued on August 8, with part of the tokens airdropped to FLOKI token holders and another part distributed to users trading Simon's Cat using Floki trading bots.
August 10 (Saturday)
General Deadline for Claims in Terraform Labs Bankruptcy Case Set forBeijing TimeAugust 10, 2024, 5 AM
Terra announced on X that the general deadline for claims in the Chapter 11 bankruptcy cases of Terraform Labs Pte Ltd (TFL) and Terraform Labs Limited (TLL) is set for August 9, 2024, at 5 PM (Eastern Time).
Users with any claims against TFL that arose before January 21, 2024, or July 1, 2024, must submit them before the general deadline.
