This Week's Key News Preview | Trump and Harris will debate; U.S. August CPI data will be released; U.S. House plans to hold a cryptocurrency hearing
Highlights of the week from September 9 to September 15.Organizer: Fairy, ChainCatcher
Key News:
- Trump and Harris to debate on September 10
- OKX to delist DMAIL, JPG, LITH, STC, REVV spot trading on September 13
- Dunamu to shut down metaverse platform Second Block on September 9
- GammaSwap to open GS airdrop claims on September 9
- U.S. House Financial Services Committee to hold cryptocurrency hearing on September 10
- U.S. August CPI data to be released on September 11
- Fractal Bitcoin mainnet to launch on September 9
September 9 (Monday)
Upbit to suspend ENJ deposits and withdrawals to support Enjin Coin (ENJ) network upgrade on September 9
South Korean cryptocurrency exchange Upbit announced that it will temporarily suspend ENJ deposit and withdrawal services to support the network upgrade of Enjin Coin (ENJ). The specific arrangements are as follows: Suspension time: from September 9, 2024 (Monday) 19:00 KST until the stability of the network upgrade is confirmed.
Modular zkEVM Layer2 network Prom to launch testnet V2 on September 9
The modular zkEVM Layer2 network Prom announced that its testnet V2 will launch at 18:00 on September 9, with V2 featuring the same logic and mechanisms as V1, allowing users to continue executing task lists to earn points.
Tidal and Quantify Chaos Advisors to launch Bitcoin and Gold hybrid ETF on September 9
According to The Block, a proposed ETF submitted a prospectus on Thursday aimed at allowing traders and investors to invest in both Bitcoin and gold without having to purchase either asset. The STKD Bitcoin&Gold ETF, co-launched by Tidal Investments and Quantify Chaos Advisors, aims to provide exposure to both Bitcoin and gold through Bitcoin futures and ETFs as well as gold futures and ETFs.
According to the prospectus, the fund aims to reduce the impact of short-term market volatility on overall investment results by mixing low-correlated assets, potentially providing more stable investment returns. The ETF will use leverage and will not directly invest in Bitcoin or other digital assets, nor will it directly invest in gold or gold bars. The document specifies that the ETF's effective date is September 9, 2024, but does not include a stock code or any related fees.
Dunamu to shut down metaverse platform Second Block on September 9
Dunamu will shut down its metaverse platform Second Block on September 9. The platform was originally intended to address the non-face-to-face service market during the pandemic, but it failed to succeed as the pandemic came to an end.
Second Block was launched in November 2021, and the Dunamu CEO's press conference was also held on this platform that same year. Upbit also hosted AMA (Ask Me Anything) events for virtual asset projects like Mask Network on Second Block, but despite significant internal resources being invested, Second Block did not achieve notable results and will close after three years of operation.
A relevant person from Dunamu explained: "After the pandemic ended, as people returned to face-to-face daily life, the demand for non-face-to-face services naturally decreased. To reflect the change in customer demand and respond flexibly to this change, we decided to close Second Block."
GammaSwap to open GS airdrop claims on September 9, total allocation increased to 48 million
Arbitrum ecosystem DeFi structured product GammaSwap announced on X the GS airdrop plan, increasing the total allocation from the initial 32 million (2% of total supply) to 48 million (3% of total supply), which will open for claims on Monday, September 9, with no vesting, and will be distributed in batches over an 8-week period from September 9 to November 4. Users can claim the GS airdrop weekly or claim the entire airdrop at the end of the 8 weeks.
Currently, nearly 1,200 wallets have interacted with the GammaSwap Beta mainnet and qualified for the airdrop. The airdrop will use a curve uniform distribution, with a minimum allocation of 3,000 tokens, and the average allocation for all wallets is about 42,000 tokens.
Additionally, this plan will allocate 0.2% of the token supply as an airdrop to pufETH holders, while 0.8% will be allocated for liquidity mining.
Notion to stop providing services to Russian users starting September 9
Notion announced that due to new restrictions imposed by the U.S. government, it will stop providing services to Russian users starting September 9, 2024. Users within Russia will not be able to access the platform, and workspaces associated with billing in Russia will be terminated. Users can still access the service until September 8, after which they will be unable to use it.
Fractal Bitcoin: Mainnet planned to launch on September 9, 80% of tokens allocated to the community
Fractal Bitcoin released its mainnet launch plan and tokenomics on the X platform.
Among them:
- The mainnet is planned to launch on September 9;
- 80% of all tokens are allocated to the community, with 20% of tokens subject to a lock-up period allocated to the team and contributors;
- BRC-20 on Fractal will be activated at block height 21,000 on the Fractal mainnet;
- PizzaSwap (formerly known as Fractal Swap) on Fractal will launch on the testnet this week;
- Once PizzaSwap is online, the official team will begin testing an embedded mini-asset bridge, allowing users to transfer BTC and other assets between Bitcoin and Fractal.
Ethena Season 2 airdrop event officially ends, claims open on September 9
Ethena officially announced that the Season 2 airdrop event has officially ended, with this season allocating 5% of the total supply of ENA. Users will be able to check their airdrop shares on September 9 and claim tokens starting September 30. Meanwhile, Ethena will launch the Season 3 airdrop event, which will run until March 23, 2025.
TON Status: Penalty system for underperforming validators to fully operate on September 9, with stricter measures in the future
TON Status announced that the penalty system for underperforming validators will fully operate next Monday, September 9. TON provides a light client tool, which includes a checkloadall command. This command analyzes how many blocks a validator is expected to process within a given time frame and how many blocks were actually processed. If a validator processes less than 90% of the expected number of blocks during a validation round, they are considered underperforming and will be penalized. After each validation round (approximately 18 hours), the staked coins of the validators participating in that round will remain in the Elector smart contract for an additional 9 hours. During this period, anyone can file a complaint against underperforming validators in that round. This will be conducted on-chain in the Elector smart contract. Not all validators need to submit complaints.
September 10 (Tuesday)
Trump and Harris to debate on September 10
U.S. presidential candidates Trump and Harris have agreed to participate in a debate hosted by ABC on September 10.
Binance to launch DOGS coin perpetual contract on September 10
According to an official announcement, Binance will launch the DOGS/USD coin perpetual contract on the Binance contract platform at 18:00 (Beijing time) on September 10, 2024, with a maximum leverage of 20 times.
Synthetic asset platform Kresko to shut down project, users must complete asset withdrawal and migration by September 10
Synthetic asset platform Kresko announced it will shut down the project.
Kresko stated that the project founder has been facing serious health issues, which have recently worsened. After careful consideration and exploring various alternatives, the team concluded that shutting down the project is the best course of action.
The announcement reminds users to complete asset withdrawal and migration by September 10.
Previous news reported that Kresko completed a strategic financing round of $1.8 million on November 8, 2023, led by Electric Capital and Zero Age Ventures. On October 6, 2021, Kresko completed a seed round financing of $2.35 million, led by Electric Capital and Polychain.
U.S. House Financial Services Committee to hold cryptocurrency hearing on September 10
The U.S. House Financial Services Committee plans to hold several hearings in September, focusing on cryptocurrency-related issues, including decentralized finance (DeFi), SEC regulation, and the impact of "pig butchering" scams.
The first hearing on September 10 will focus on DeFi, followed by a hearing on SEC enforcement and "pig butchering" scams on September 18, and a full committee hearing on September 23 that will involve SEC testimony, expected to focus on the regulation of digital assets. Committee Chairman Patrick McHenry, who is set to retire, has expressed a desire to complete cryptocurrency legislation by the end of the year.
September 11 (Wednesday)
U.S. August CPI data released
The U.S. Department of Labor will release the August CPI data at 20:30 on September 11, which is the last inflation report before the Federal Reserve's September decision.
September 12 (Thursday)
Gitcoin and Octant to launch second funding round
According to official news, Gitcoin announced a collaboration with Octant to launch a second funding (QF) round aimed at supporting community-driven projects.
It is reported that this round will have a matching pool of up to 10 ETH, with funds allocated based on community voting. Applications are open, with a deadline of September 11 at 7:59, and donation dates from September 12 to September 26.
Binance to conduct Horizen (ZEN) network upgrade on September 12
Binance is expected to suspend token deposits and withdrawals for Horizen (ZEN) network on September 12 at 15:00 to support its network upgrade. The project team will conduct the network upgrade at block height 1,627,572 (expected at 16:00 on September 12).
TON ecosystem The Open League Season 6 to officially start on September 12
The Open League announced on its official Telegram channel that "The Open League Season 6 will start on September 12. Next week, some major changes will be introduced to improve user experience. The community can expect new activities built around airdrops, with loyalty and activities rewarding you! Normies and Degens are both invited to join the feast. Applications, DeFi protocols, and NFTs will no longer compete but collaborate, bringing everyone closer to the mission of bringing cryptocurrency to more people. Prizes will be awarded to the best performers."
Seedify plans NOTAI project IDO on September 12, initial market cap approximately $884,700
Blockchain incubator Seedify announced NOTAI as its next IDO project. The NOTAI token (BEP-20) has a total supply of 10 billion, with an initial market cap of approximately $884,700.
The IDO public round will take place from September 12 to 13, 2024, with a token price of $0.00009 and an allocation amount of $450,000.
September 13 (Friday)
OKX to delist DMAIL, JPG, LITH, STC, REVV spot trading
According to an official announcement, OKX will delist DMAIL, JPG, LITH, STC, and REVV spot trading.
The platform will officially delist the following trading pairs from 16:00 to 16:30 (UTC+8) on September 13: DMAIL/USDT, JPG/USDT, LITH/USDT, LITH/USDC, STC/USDT, and REVV/USDT. The deposit services for these tokens were suspended on September 5 at 16:00 (UTC+8). Withdrawal services will continue until December 13 at 16:00 (UTC+8).
X platform's New York headquarters to close on September 13, expected to relocate to Texas
According to a report by Fortune magazine, the social media platform "X" informed employees in a brief note on Thursday that its long-term office and global headquarters in San Francisco will close on September 13 (Friday) in two weeks.
In 2012, Twitter took over the 1 million square foot building, and shortly after Elon Musk became the owner of Twitter two years ago, he laid off thousands of employees, auctioned off most of the furniture, and removed the large Twitter sign from the building's exterior. Since then, several floors of the building have effectively remained closed.
Since CEO Linda Yaccarino stated in an email in early August that the San Francisco office would close, the company has not provided any further updates to employees. Employees in San Francisco will be transferred to offices in San Jose or Palo Alto. X's headquarters is expected to relocate to Texas, where other Musk companies like Tesla, SpaceX, and Boring Co. are also headquartered.
September 15 (Sunday)
Thailand's digital wallet registration to open from August 1 to September 15
According to Jin10, market news indicates that Thailand's digital wallet registration will open from August 1 to September 15. The Thai Deputy Finance Minister stated that digital cash consumption will begin in the fourth quarter, and the digital wallet program is expected to attract 45 million participants, with the government ready to allocate 450 billion baht in funding.
Enso Finance's TGE expected around September 15
CoinList announced that the public sale of Enso Finance tokens began on August 1, 2024, at 01:00 (UTC +8) and will end on August 8, 2024, at 01:00 (UTC +8). This auction allocated 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 occur around September 15, 2024. Enso Finance is the world's first intent engine that allows developers and users to express desired outcomes, thereby building truly composable applications.
