This Week's Key News Preview | The U.S. will release the preliminary annualized quarterly GDP for Q3 and non-farm employment data; Zhao Changpeng will make his first public appearance after being released from prison
Highlights of the week from October 28 to November 3.Organizer: Fairy, ChainCatcher
Key News:
- GRASS airdrop will take place on October 28
- The U.S. will announce the preliminary value of the annualized quarterly GDP for Q3
- Zhao Changpeng will attend Binance Blockchain Week in Dubai from October 30 to 31 in a personal capacity
- The U.S. will announce the October non-farm employment data on November 1
- Elixir will launch the first phase of its mainnet on October 31
- The Bitcoin white paper will celebrate its 16th anniversary on October 31
- FTX executives Nishad Singh will be sentenced on October 30, and Gary Wang will be sentenced on November 20
October 28 (Monday)
GRASS airdrop will take place on October 28
The Grass Foundation announced on X that the GRASS airdrop will take place on October 28 at 13:30 (UTC). Users who obtained 500+ points before October 14 at 20:00 (UTC) and linked their wallets on the Grass dashboard will be eligible for the airdrop.
Wayfinder will start Alpha testing on October 28
The AI interaction protocol Wayfinder, launched by the blockchain game Parallel, announced on X that Alpha testing will begin on October 28, and registration is currently open.
October 29 (Tuesday)
Magic Eden: ME test token will launch on October 29
Magic Eden announced that the ME test token will launch on October 29. Magic Eden is a cross-chain NFT marketplace that has built a user-friendly platform supported by market-leading minting and trading solutions. Magic Eden brings dynamic cultural moments to the blockchain, enabling users to create, discover, and collect unique NFTs.
Stacks: Nakamoto upgrade planned around October 29
Stacks announced on X that the Nakamoto upgrade will take place around October 29 (Bitcoin block height 867867), introducing Fast Blocks and Bitcoin finality.
It is reported that Stacks core developers plan to launch sBTC this year, allowing Bitcoin to be transferred from L1 to Stacks L2 and back.
Divvy.Bet will conduct TGE on October 29
The betting platform Divvy.Bet announced on X that it will conduct TGE on October 29, and users can earn DVY points by participating in betting, providing liquidity, and community activities before then.
The Arena postpones ARENA token launch to October 29
The Avalanche ecosystem social protocol The Arena announced on X that the launch of the ARENA token has been postponed to Tuesday, October 29.
Web3 platform Talent Protocol will launch TALENT token on October 29
Web3 platform Talent Protocol announced on X that it will launch the TALENT token on the Base chain at 20:00 on October 29. TALENT is a Basecoin aimed at establishing an open reputation ecosystem.
October 30 (Wednesday)
The U.S. will announce the preliminary value of the annualized quarterly GDP for Q3
The U.S. will announce the preliminary value of the annualized quarterly GDP for Q3 at 20:30 on October 30.
Base mainnet will introduce fault proofs on October 30
The Base mainnet will introduce fault proofs on October 30, marking an important step towards decentralization. After the introduction of this mechanism, anyone can monitor and challenge invalid withdrawal transactions without permission, eliminating the need for trust in third parties.
The Base team stated that they have been working closely with Optimism to ensure the smooth launch of fault proofs and enhance security. During the upgrade, all pending withdrawal transactions will need to be re-verified.
Binance will conduct wallet maintenance on BNB Beacon Chain (BEP2) on October 30
Binance will conduct wallet maintenance on BNB Beacon Chain (BEP2) at 16:00 on October 30. To support this maintenance, Binance will suspend deposits and withdrawals for BNB Beacon Chain (BEP2) at 15:55 on October 30, 2024. The maintenance is expected to take 1 hour, and deposit and withdrawal services will automatically resume after maintenance.
Zhao Changpeng will attend Binance Blockchain Week in Dubai from October 30 to 31 in a personal capacity
Zhao Changpeng stated on X that he will attend Binance Blockchain Week in Dubai from October 30 to 31 in a personal capacity.
It is reported that this is one of the largest Web3 events of the year.
FTX executives Nishad Singh will be sentenced on October 30, and Gary Wang will be sentenced on November 20
According to Jinshi, court records show that former FTX executive Nishad Singh will be sentenced on October 30, as he testified against FTX co-founder Sam Bankman-Fried. Another co-founder, Gary Wang, will be sentenced on November 20.
October 31 (Thursday)
The Bitcoin white paper will celebrate its 16th anniversary on October 31
Gary Gensler, chairman of the U.S. Securities and Exchange Commission, congratulated the Bitcoin white paper on its 16th anniversary in an interview, referring to it as "sweet sixteen" (the BTC white paper was published on October 31, 2008), but Gensler also stated that the SEC will continue its approach to consider the risks of digital assets to investors and "enforcement regulation."
Gensler stated, "For ninety years, we have benefited from strong laws enacted by Congress and rules established by various agencies that help promote market development, protect investors, and facilitate capital formation and the development of intermediary markets, and we will continue to do so."
Decentralized new asset market Tomarket will conduct TGE on October 31
The decentralized new asset market Tomarket officially announced that it will conduct TGE on October 31, with detailed token airdrop information to be announced in the future.
Tomarket uses a tiered system to determine the amount of airdrop each user can receive, and users can increase their tier by participating in platform activities before TGE to receive airdrop rewards.
Elixir will launch the first phase of its mainnet on October 31
The modular blockchain project Elixir announced that it will launch the first phase of its mainnet on October 31. Elixir is a modular liquidity network that allows anyone to provide liquidity directly to the order book, bringing liquidity to long-tail crypto assets. The protocol serves as important decentralized infrastructure, allowing exchanges and protocols to easily guide their ledger liquidity.
OneKey Card announces gradual cessation of services, all remaining balances will be securely transferred to user wallets starting October 31
The open-source hardware wallet OneKey announced that it will gradually discontinue the current OneKey Card service.
The specific discontinuation schedule is as follows:
Phase One (September 30, 2024): Users can continue to spend and withdraw normally, while registration and recharge functions will be discontinued.
Phase Two (October 31, 2024): All cards will be automatically deleted by the system, and the card balances will be transferred to the OneKey Card wallet account, which can be withdrawn to exchange accounts or Web3 addresses at any time.
Phase Three (January 31, 2025): The OneKey Card service will be discontinued.
November 1 (Friday)
The U.S. will announce the October non-farm employment data
The U.S. will announce the October non-farm employment data at 20:30 on November 1.
Ethos Wallet will cease all Sui product operations on November 1
Sui wallet Ethos Wallet announced that it will cease operations related to Ethos Sui Wallet extension and mobile application, as well as developer-oriented EthosConnect and API on November 1. Users should migrate to other wallets (such as Sui Wallet built by Mysten Labs) immediately; if users log in using zkLogin, they will need to transfer wallet assets.
Ethos Wallet is building a software simulator (called CodeYam) to make it faster and easier to understand, test, and demonstrate code changes in software applications.
Aethir Foundation announces an increase in ATH rewards from November 1, 2024, to June 2025
Aethir announced the launch of a new business supported by the Aethir Edge computing network, focusing on enterprise social media and AI. To further enhance the capabilities of the Aethir Edge network and support the growing demand for decentralized edge computing, the Aethir Foundation announced an increase in ATH rewards. From November 1, 2024, to June 2025, users can earn an average of 100 ATH tokens per day through each eligible Aethir Edge device connected to the network (based on uptime and bandwidth). This initiative aims to incentivize more users to contribute idle computing resources, enhancing the overall capacity and performance of the network.
Aethir Edge provides a decentralized platform that distributes computing resources across various devices in the network, offering users a more efficient and cost-effective alternative to traditional centralized cloud computing. APhone is one of the use cases of Edge, supported by Aethir's decentralized infrastructure, which is a device-agnostic Web3 Cloud Phone that can access social media platforms and DApps with low latency, security, and high performance. Cloud Phone is a key area that Aethir is developing, leveraging its decentralized edge network to improve scalability, privacy, and reduce costs for both individual and enterprise users.
New York State Department of Financial Services establishes new guidelines for crypto companies to enhance customer service standards, effective November 1
The New York State Department of Financial Services (NYDFS) released new guidelines on May 30 to strengthen customer service standards for virtual currency entities (VCEs). These guidelines will take effect on November 1. The NYDFS stated that these comprehensive guidelines aim to ensure that VCEs have robust customer service mechanisms capable of addressing customer issues promptly and effectively. VCEs should keep their customer service policies updated and comply with all relevant laws and regulations.
The guidelines require VCEs to establish and maintain effective customer service procedures, including multiple channels for submitting requests and complaints, such as phone and electronic text mechanisms. Additionally, VCEs must regularly provide customers with updates and expected resolution times, track request statuses, and publish accessible FAQs. If AI tools are used in customer service, customers must be informed at the start of the interaction and given the option to escalate issues to a human representative. VCEs must also provide the NYDFS with quarterly data detailing the number of customer service requests and complaints received, the methods of submission, and the subjects handled. These reports must also include the average time taken to resolve each issue. Regulators will review these records and assess the effectiveness of the policies and procedures implemented through ongoing inspections and oversight.
Singapore's second-largest bank OCBC will stop processing transactions involving Russia
Singapore's second-largest bank, OCBC, will completely stop processing transactions involving Russia to reduce risks associated with global sanctions. According to insiders, this measure will officially take effect on November 1, 2024.
OCBC has recently notified all customer groups, including private banking clients, that the bank will implement this restriction due to operational challenges in managing regulatory compliance. This decision covers all business units of OCBC, including its private banking division.
