This Week's Key News Preview | The Federal Reserve will announce its interest rate decision; TOKEN 2049 and several other events will kick off; Trump's crypto project will launch a live broadcast

整理：Fairy，ChainCatcher

Key News:

• Ethena Season 2 airdrop query page launched on September 16
• Binance Launchpool to launch Catizen (CATI) on September 16
• Trump's crypto project WLFI to go live on September 17 at 8:00 AM, Trump will deliver a speech
• ether.fi: Season 3 airdrop activity will open for queries on September 17, claims will start on September 23
• TOKEN 2049 Singapore will be held from September 18 to September 19 in SingaporeTOKEN 2049 Singapore will be held from September 18 to September 19 in Singapore
• Trump's "hush money" case ruling postponed to September 18
• The Federal Reserve will announce interest rate decisions and economic outlook summary at 2 PM on Thursday

September 16 (Monday)

Ethena Season 2 airdrop query page pushed to launch on September 16

Members of the Ethena team stated in their official Discord channel that the airdrop query page has not yet launched and has been postponed to next Monday to ensure everything is accurate, with claims starting on September 30.

Previously, Ethena Labs announced that the Season 2 airdrop activity ended on September 2, with 5% of the total supply of ENA distributed as rewards for Season 2. Users will be able to visit a designated website on September 9 to check the amount of ENA they will receive, and they can claim their ENA on September 30.

VanEck Ethereum Futures ETF shareholders must sell their shares before market close

ETF issuer VanEck announced plans to close and liquidate its Ethereum Futures ETF (EFUT), with the VanEck ETF Trust board approving the liquidation and dissolution of the fund. VanEck stated that it continuously monitors and evaluates its ETF products, considering multiple factors including performance, liquidity, assets under management, and investor interest. This decision was made based on an analysis of these factors and other operational considerations to liquidate the fund.

Shareholders of the fund can sell their shares on the fund's listing exchange before the market closes on September 16, 2024 (may incur brokerage trading fees). After the market closes on September 16, 2024, fund shares will no longer be traded on the listing exchange and will subsequently be delisted. The expected fund liquidation date is around September 23, 2024, at which time shareholders still holding fund shares will receive a cash liquidation distribution equal to the net asset value of their shares in the cash portion of their brokerage accounts.

Binance Launchpool to launch Catizen (CATI) on September 16

According to the official announcement, Binance is launching its 59th Launchpool project Catizen (CATI), a cat-themed game bot based on the Telegram mini-program platform. Users can start earning CATI airdrop rewards by staking BNB and FDUSD from 00:00 (UTC) on September 16, 2024, for a period of four days. Binance will list Catizen (CATI) at 18:00 (UTC+8) on September 20, 2024, and open trading markets for CATI/USDT, CATI/BNB, CATI/FDUSD, and CATI/TRY, subject to seed label trading rules.

WazirX plans to hold a second meeting on the restructuring plan draft on September 16

WazirX posted on X that it plans to hold a second Townhall meeting at 18:00 on September 16 to discuss the proposed restructuring plan draft.

September 17 (Tuesday)

Trump's crypto project WLFI to go live on September 17 at 8:00 AM, Trump will deliver a speech

The Trump family project World Liberty Financial (WLFI) announced on the X platform that it will go live on September 17 at 8:00 AM Beijing time, during which Trump will deliver a speech.

ether.fi: Season 3 airdrop activity will open for queries on September 17, claims will start on September 23

ether.fi stated on social media that the Season 3 airdrop will end on September 14. The query page is planned to launch on September 17, with claims starting on September 23. Participants in Season 3 can choose to claim ETHFI on the Ethereum mainnet, Arbitrum, or Base network, and must make their choice by September 15.

EigenLayer announces Season 2 staking airdrop plan, distribution will start on September 17

EigenLayer announced its Season 2 staking airdrop plan, distributing 86 million EIGEN tokens, accounting for 5% of the total supply.

Stakers and node operators will receive 70 million tokens, while ecosystem partners and the EigenLayer community will receive 10 million and 6 million tokens, respectively, with distribution starting on September 17. These tokens represent about 5% of the total supply of EIGEN, which will reach 1.67 billion tokens at launch.

OKX plans to adjust the gradient tier rules for some contracts on September 17

According to the official announcement, to further enhance market liquidity and mitigate market risks, OKX plans to adjust the gradient tier rules for some contracts from 16:00 to 18:00 (UTC+8) on September 17, 2024.

Namada: Genesis Phase 1 will end on September 17

Privacy public chain Namada announced on the X platform that Genesis Phase 1 will end at 5:00 AM Beijing time on September 17. In Phase 2 (Delegation), users can still create validators but will not be able to edit or delete them.

September 18 (Wednesday)

TOKEN 2049 Singapore will be held from September 18 to September 19 in Singapore

TOKEN 2049 Singapore will be held from September 18 to September 19, 2024, in Singapore.

U.S. House holds hearings on SEC enforcement and "pig butchering" scams

The U.S. House Financial Services Committee plans to hold several hearings in September focusing on cryptocurrency-related issues, including decentralized finance (DeFi), the regulation of the U.S. Securities and Exchange Commission (SEC), and the impact of "pig butchering" scams.

The first hearing on September 10 will focus on DeFi, while a hearing on SEC enforcement and "pig butchering" scams will be held on September 18, and a full committee hearing on September 23 will involve SEC testimony, expected to focus on the regulation of digital assets. Committee Chairman Patrick McHenry, who is set to retire, expressed a desire to complete cryptocurrency legislation by the end of the year.

DOGS: Over 7 million addresses have received on-chain airdrops, users must complete claims by September 18

DOGS updated its official Telegram channel: over 7 million people have received their on-chain airdrops, with nearly 120 billion tokens distributed on-chain so far, and the token distribution is about to end.

Important deadline: Users' last chance to choose the fast claim option is 8 PM UTC tomorrow, and they must confirm the airdrop claim by 8 PM UTC on September 18. The airdrop will be completed by September 26 (one month after TGE ends).

MakerDAO rebranding Sky feature will launch on September 18

MakerDAO's rebranding Sky announced on X that the Sky feature will launch on September 18, inviting users to participate in the Sky Launch Party.

Binance to launch SUI coin perpetual contracts with up to 20x leverage on September 18

According to the official announcement, Binance will launch SUI coin perpetual contracts at 10:00 AM (UTC) on September 18, 2024, with a maximum leverage of 20x.

Vitalik to deliver keynote speech at TOKEN2049 OKX venue on September 18

According to the TOKEN2049 official website, Ethereum co-founder Vitalik Buterin will deliver a keynote speech at the OKX venue from 12:45 to 13:05 Beijing time on September 18.

Additionally, Vitalik Buterin will participate in a discussion on "The Next 3 Years in Crypto" with OKX CEO Star, Circle co-founder and CEO Jeremy Allaire, and OKX CMO Haider Rafique from 13:10 to 13:40 Beijing time on September 18.

Documentary "Vitalik: The Story of Ethereum" to be released globally on September 18

Ethereum Stories co-producer Linda Xie announced on X: "The Ethereum Stories documentary has been in production for over three 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 before the mainstream premiere of the documentary on traditional streaming platforms, a complete crypto-native release will be launched, including on-chain tickets and over 250 global IRL premieres.

The specific minting and release plan is as follows:

• Phase 1: The documentary will be released on July 23 via Zora Mint, with the top 20 minters receiving premiere tickets, credits, and other rewards;
• Phase 2: On July 26, presale movie tickets will open on the Base chain;
• Phase 3: Global release will begin on September 18;
• Phase 4: The film will continue screening until Fall 2024;
• Phase 5: Major streaming platforms will launch by the end of 2024 or in 2025.

Trump's "hush money" case ruling postponed to September 18

According to Caixin, a court document shows that a New York judge has postponed the ruling in former President Trump's "hush money" case, originally scheduled for July 11, to September 18.

Previously reported, court documents indicated that the ruling in Trump's "hush money" case might be delayed by two weeks.

Setter to launch mainnet on September 18

Setter announced that it will officially launch its mainnet on September 18, with Crate holders, testnet, and application participants eligible to receive STR rewards. Crate holders can claim rewards as early as September 18, with other claim times to be announced.

Kinto to allocate 2% of token supply as mining rewards on September 18

Layer2 network Kinto announced that its mining rewards will reach an all-time high, allocating 2% of its token supply as mining rewards before September 18.

September 19 (Thursday)

Binance to conduct system upgrade on September 19, expected to take about 10 minutes

Binance announced that it will begin a routine system upgrade at 17:30 (Beijing time) on September 19, 2024, expected to take about 10 minutes.

During the upgrade, users can continue trading on Binance's spot and margin markets. The upgrade primarily aims to improve data system performance and stability. However, during the upgrade, app, website, and desktop users will be unable to view unfilled orders placed during the upgrade period, and therefore may not be able to cancel these pending orders.

Coinbase International to launch POL and DOGS perpetual contracts

According to the official announcement, Coinbase will add support for Polygon and Dogs perpetual contracts on Coinbase International Exchange and Coinbase Advanced. The POL-PERP and DOGS-PERP markets will open on or after 9:30 AM UTC on September 19, 2024.

The Federal Reserve will announce interest rate decisions and economic outlook summary at 2 PM on Thursday, analysts divided on rate cut magnitude

According to the schedule, the Federal Reserve will announce interest rate decisions and economic outlook summary at 2 PM next Thursday. Traders are pricing in nearly equal probabilities of a 25 basis point and a 50 basis point rate cut next week. The shifting bets reflect one of the key issues facing today's market: whether the Fed will aggressively cut rates to prevent weakness in the labor market or take a slower approach to maintain a wait-and-see stance.

Federal funds futures pricing indicates that the Fed is expected to cut rates by more than two percentage points over the next 12 months, a scenario rarely seen outside of a recession. James St. Aubin, Chief Investment Officer of Ocean Park Asset Management, which manages $5.3 billion in assets, stated, "With the S&P 500 near historical highs and credit spreads narrowing, it seems that a large rate cut to start a rate-cutting cycle would only happen if the Fed knows something that others do not. I believe that, in terms of market sentiment, a 50 basis point cut could do more harm than good."

In any case, even if the Fed cuts rates by 25 basis points next week, as long as Powell does not oppose expectations of cutting rates once or even twice by 50 basis points in the last two meetings of the year, this meeting may still be viewed as a dovish cut.

Terraform Labs bankruptcy reorganization hearing scheduled for September 19

According to the official announcement from Terra, the confirmation hearing for the Chapter 11 bankruptcy reorganization plan of Terraform Labs Pte Ltd (TFL) and Terraform Labs Limited (TLL) is scheduled for 10 AM Eastern Time (10 PM Beijing time) on September 19, 2024.

September 20 (Friday)

OKX to launch Catizen (CATI)

According to the official announcement, OKX will launch Catizen (CATI) for spot trading.

The specific schedule is as follows:

• CATI deposit opening time: September 9 at 9:00 PM (UTC+8)
• CATI auction time: September 20 from 6:00 PM to 7:00 PM (UTC+8)
• CATI/USDT spot trading opening time: September 20 at 7:00 PM (UTC+8)
• CATI withdrawal opening time: September 21 at 6:00 PM (UTC+8).

On-chain reputation and credibility project Ethos plans to launch testnet on September 20

On-chain reputation and credibility project Ethos Network announced that the Ethos testnet will launch on September 20, open only to users on the waiting list. Ethos stated that the activities of testnet users will be recorded and monitored for future rewards.

September 21 (Saturday)

Rollup.Finance plans to completely shut down the platform on September 21

Decentralized derivatives trading platform Rollup.Finance announced that it will cease operations. The project team stated that despite overcoming challenges during the bear market and achieving growth in trading volume over the past 16 months, the decision to stop operations was made due to a lack of resources from zkSync and product-market fit.

Users have one month to close positions and withdraw funds, and the platform will completely shut down on September 21, 2024. Unclosed orders at the time of closure will be automatically liquidated, and affected users will have an additional month to withdraw funds. After that, Rollup.Finance's email, official Twitter account, and Discord support channels will be disabled.