Must-watch next week｜SBF is about to receive a verdict; Kamino will take a snapshot of Season 1 points (3.25-3.31)
Highlights for next week:
The trial in the U.S. SEC v. Do Kwon and Terraform case will be held on March 25；
SBF sentencing is scheduled for March 28；
Kamino: Q1 points will be snapshotted on March 31st；
The GM white paper will be released next week and pre-trading will begin on the Whales Market
From March 25 to March 31, more noteworthy events in the industry are previewed below.
March 25
U.S. SEC v. Do Kwon and Terraform trial postponed to March 25
Odaily News The latest court documents show that due to expectations that former Terraform Labs CEO Do Kwon may be extradited to the United States from Montenegro, the U.S. SEC v. Terraform Labs and Do Kwon trial will be postponed to March 25 at 9:30 local time.
According to previous news, the U.S. SEC agreed to postpone the trial date of Do Kwon, but objected to hearing his case separately from the Terraform case. “Holding two trials would unnecessarily require witnesses, including SEC whistleblowers and retail investors with limited financial resources, to testify twice about the same facts in separate trials,” the SEC said.
Worldcoin’s next Grant will start on March 25
Odaily News World App Support issued a document on the This postponement will not affect the total amount that users can claim for the regular Grant that is issued once a week. According to X platform user thiccy, the amount released this time is $150 million.
BakerySwap: Plans to launch PUMP trading on March 25
Odaily News BakerySwap stated on the trade. BakerySwap has stated that the airdrop for Twitter Blue users will end today, and the valid BNB, BAKE, and CAKE that participated in the PUMP pre-sale have been refunded.
According to official news from Odaily, Sui ecological lending protocol Scallop announced the launch of the SCA borrowing incentive project SCA Borrowing Incentives. For users who borrow from Scallop, by participating in SCA pledge and holding veSCA, they will receive SCA rewards in addition to the current SUI incentives.
It is reported that SCA Borrowing Incentives will be launched on March 25, with a first-week reward of 28,000 SCA, and subsequent weekly rewards will be dynamically adjusted. As per Scallop disclosure information, only veSCA holders are eligible to receive additional SCA rewards.
March 26
According to official news from Odaily, Circle cross-chain transmission protocol CCTP will be launched on the Solana mainnet on March 26. Circle said it has now added a new pre-minting address to enable CCTP to mint USDC on Solana.
March 27
According to an official announcement from Odaily, in order to improve system stability and provide users with a high-quality experience, Binance will upgrade the wallet network server at 16:00 (Eastern Eighth District time) on March 27. This upgrade is expected to take 10 minutes.
During the upgrade period, user token recharge and withdrawal applications may encounter occasional suspensions. After the upgrade is completed, the system will automatically process affected deposit and withdrawal applications (if applicable). During the upgrade period, users can use tokens to recharge and withdraw cash. Digital asset/token trading and other Binance services will not be affected.
Odaily News NFT lending protocol Arcade stated on the etc. content. According to the Snapshot page, the current approval rate is 100%. This voting will end on March 27, after which on-chain voting and release will be conducted.
CardsAhoy will be in open beta on March 27 and will start the core asset creation airdrop
Odaily News According to official news, Cards Ahoy, a 60-second fast-paced card game published by MetalistGame, will be officially launched into public beta on March 27.
This open beta will release mythical cards, the top governance asset in the game, with a total of 9,680 cards, which have top combat power, IP influence, game governance and other rights. In addition, genesis mining and internal beta player airdrop and staking activities will be carried out. Players can participate in mythical cards and CAC pre-mining through the genesis activities.
March 28
Odaily News The U.S. Department of Justice submitted dozens of victim impact statements from FTX creditors on Monday.
The letters illustrate the financial insecurity, emotional burden and distrust in the financial system that FTXs collapse in 2022 has left on its creditors. Users shared their experiences of storing funds in FTX and the impact of FTXs bankruptcy on their lives. Some people lost their jobs due to health problems and relied heavily on funds stored in the FTX platform.
Additionally, some victims have expressed dissatisfaction with the compensation plan, noting that they will receive 100% compensation based on the value of their assets in November 2022 rather than current cryptocurrency prices.
SBFs defense team filed a sentencing memorandum last month urging District Judge Lewis Kaplan to impose a lenient sentence of no more than 6.5 years. The defense also submitted multiple letters of recommendation from SBFs parents and brother, followers of the Effective Altruism philosophy, former FTX employees and several others.
The verdict against SBF will be held at 9:30 US Eastern Time on March 28 (9:30 pm Beijing time that day). (CoinDesk)
OKX plans to close USDC_TRC 20 deposit and withdrawal services on March 28
According to Odailys official announcement, according to Circles latest announcement, OKX will stop supporting USDC deposits and withdrawals on the TRON chain. The USDC_TRC 20 deposits and withdrawals will be closed at 11:00 am on March 28 (UTC+ 8).
Bitcoin Layer 2 network TaprootChain will officially launch on the mainnet on March 28
Odaily News Bitcoin Layer 2 network TaprootChain will be officially launched on the mainnet on March 28, and then enable the cross-chain function on March 29, and launch a points activity on March 30.
SOMESING: Snapshot of SSX to SSG exchange will take place on March 28
According to official news from Odaily, in order to mitigate the impact of the SSX hacking incident on January 27, the SOMESING team will issue a new token SSG (SomeSinG) through a new contract to protect user assets and will provide existing SSX token holders with Perform token swap migration.
The token exchange snapshot is scheduled to take place at 06:00 UTC on March 28. To ensure the smooth progress of the token exchange and migration process, the SOMESING team will suspend all existing SSX token contracts at 06:00 UTC on March 27 (i.e. 24 hours before the snapshot). After the contract is suspended, all token transfer operations (including transferring existing SSX to personal wallets and withdrawing coins from exchanges) will be suspended.
Due to the possibility of technical errors, the SOMESING team urges all SSX holders not to attempt to transfer existing SSX tokens after the contract suspension time and before the Foundation announces the completion of the migration process. After the snapshot, existing SSX tokens will be exchanged for newly issued SSG tokens, and only the new SSG tokens will be eligible for transfer after the migration process is completed.
March 29
Odaily News Token Unlock data shows that Optimism will unlock 24.16 million OP (approximately $82.62 million) at 12:00 noon on March 29, accounting for 2.4% of the circulating supply.
Radiant Capital: STIP short investment qualification period will end on March 29
Odaily News Multi-chain lending protocol Radiant Capital issued a document on the X platform stating that the qualifying period for short investment will end before March 29, 2024. In a related snapshot proposal, the Arbitrum DAO voted to extend the STIP incentive program.
March 30
Scroll: Mint phase of Scroll Origins ends March 30
Odaily News Scroll posted on the X platform that the team launched Scroll Origins in 2023 to commemorate the early ecosystem builder community. Currently, 850,000 NFTs have been mint, and the mint phase will end at the end of this month, that is, at 7:59 on March 30.
March 31
Starbucks will end its beta Odyssey program on March 31
Odaily News Starbucks announced that its Web3 customer loyalty program Starbucks Odyssey, which is in beta, will be terminated on March 31 to prepare for the next step while we continue to develop the program. (TechCrunch)
According to news in September 2022, Starbucks officially launched the Web3 customer loyalty program Starbucks Odyssey. The project will be deployed on and supported by the Polygon network. The program combines the Starbucks Rewards loyalty program with an NFT platform, allowing its customers to earn and purchase digital assets to unlock exclusive experiences and rewards, such as perks or free drinks. Starbucks is trying to use Odyssey to give loyal customers a wider range of rewards while also building community.
Bitcoin L2 public chain Ligo will be launched on the mainnet on March 31
According to official news from Odaily, the Bitcoin L2 public chain Ligo issued a statement stating that after comprehensive internal testing and public community testing, the mainnet launch date is set for March 31, 2024. The pledged assets are being screened, with Ligo taking priority, and focusing on other Layer 1 assets, BRC 20 inscription tokens, NFTs, and cross-chain assets.
Additionally, Ligo has a long-term RD partnership with the Blockchain Innovation Lab at the School of Computing at the National University of Singapore.
Kamino: Q1 points will be snapshotted on March 31st
Odaily News Kamino posted on the Kamino said that the creation of KMNO is an important step in establishing the decentralized governance of Kamino Finance. The use cases of KMNO include controlling the protocol incentive plan and income distribution, conducting protocol operations and risk management, etc.
Others (specific time to be determined)
Odaily News Jupiter announced that next week JUP DAO will usher in an important event: launching the funding core working group proposal and confirming the working method of the working group. JUP DAO will officially inject 10 million USDC (for operating funds) and 100 million JUP. Funds will be transferred to a separate DAO wallet. The 10 million USDC comes from income, and the 100 million JUP comes from community distribution. For public goods funding and Jupiverse growth. Start discussing a grant program that will allow the community to request funding to facilitate Jupiverse growth and public good funding.
The GM white paper will be released next week and pre-trading will begin on the Whales Market
Odaily News Whales Market founder dexter said on the X platform that GM’s white paper will be released next week, and Whales Market will also open GM’s pre-market next week.
According to previous news, the AI project gm.ai launched by Whales Market founder dexter has opened pre-sale result query on the Dune platform. Users can now check whether the pre-sale commitment is successful or whether a refund has been issued.
Zeus Network may issue tokens at the end of March
Odaily News In the first round of voting on Jupiter LFG Launchpad, Zeus Network’s proposal has received more than 50% of the support votes.
In addition, Zeus Network announced a list of angel investors, including Solana co-founder Anatoly Yakovenko, Mechanism Capital founder Andrew Kang, and Stacks co-founder Muneeb Ali.
Justin Wang, founder and CEO of Zeus Network, said: Zeus Networks good team culture allows us to implement unique technologies in the world. Through Zeus Network, we have locked in more than one trillion US dollars worth of Bitcoin circulating in the market and achieved unprecedented flows. Cross-chain, create more use cases and benefits. Solana and Bitcoin will be our first step, and will be expanded to more blockchains in the future.
Justin also revealed that the Zeus Network token will be issued at the end of March.
Space Nation will launch OIK token airdrop at the end of March
According to official news from Odaily, the blockchain game Space Nation will launch an airdrop of OIK tokens during the Close Beta period at the end of March, with a total of more than 10 million tokens, accounting for more than 1% of the total token supply. This OIK will be distributed during the Close Beta and Logistikos events.
Bitcoin Cats: 1 Catchain Mainnet scheduled to launch at the end of March
Odaily News Bitcoin Cats posted on the
