Must pay attention next week - Ethereum Holesky test network will be restarted on the 28th; Arbitrum Odyssey will be re-launched next week (9.25-10.1)
Highlights for next week
The first season of open testing of Yuga Labs’ LotM game will start on September 26；
EthereumHolesky testnetWill restart on September 28；
FTX Reminder: September 29 deadline for customers to submit claims。
Arbitrum Odyssey is back online next week。
From September 18th to September 24th, all the most noteworthy events are previewed as follows:
September 25
Binance will update fiat liquidity provider program on September 25
Odaily News According to the official announcement, Binance will update its fiat currency liquidity provider plan at 8:00 on September 25. Some fiat currency liquidity providers will be reviewed weekly according to the new performance review mechanism. On October 2, 8 Starting from : 00, pending order fee rebates will be allocated based on the liquidity provider’s spot trading performance on the selected fiat market last week.
The announcement stated that users whose 30-day trading volume exceeds 20 million USDT equivalent on platforms such as Binance Spot and Margin and who demonstrate high-quality liquidity provision strategies will be invited to join the fiat liquidity provider program.
Odaily News Coinbase reminded some customers in an email that the company plans to stop providing trading services to Indian users on September 25, and advises users to withdraw all funds in their accounts in a timely manner, and has banned Indian users from registering.
Coinbase has faced regulatory challenges after first launching in South Asian markets more than a year ago. Coinbase spent 18 months relaunching services in India but failed to make any progress with local authorities, leading to the departure of at least two high-profile executives, including Durgesh Kaushik, who joined the company last year as senior director of market development.
It is reported that Coinbase is an investor in India’s mainstream cryptocurrency exchanges CoinDCX and CoinSwitch Kuber. (TechCrunch)
Bitstamp will stop providing ETH staking services for US users on September 25
Odaily News Bitstamp will stop providing ETH staking services for US users on September 25. Bitstamp US CEO Bobby Zagotta said that users will continue to receive staking rewards until September 25, 2023, after which all pledged assets will be The pledge is canceled and returned to the users account. (Cointelegraph)
Lawyer: Core Scientific may reach a restructuring plan before September 25
Odaily News Core Scientifics bankruptcy judge said at a hearing on Monday that the company should shorten its reorganization timeline by at least a month as creditors have called on it to speed up its exit from Chapter 11 bankruptcy protection.
Core Scientifics lawyers said the company could agree on a reorganization plan by Sept. 25.
Shares of Core Scientific, once the largest crypto mining company, fell rapidly last November as Bitcoin prices plummeted as FTX collapsed. The company went public in 2021 at a $4.3 billion valuation, but by the time it filed for bankruptcy in December, its market value had dropped to $78 million. (CoinDesk)
Fixed-rate lending agreement Notional V3 internal beta version will be launched on September 25
According to official news from Odaily, the fixed-rate lending protocol Notional V3 internal beta version will be launched on Arbitrum on September 25.
September 26
Odaily News In the US SEC’s lawsuit against Terraform Labs and co-founder Do Kwon, Do Kwon was asked to provide testimony. Meanwhile, Do Kwon remains in a Montenegro prison until the end of the year on passport fraud charges; extradition proceedings have not yet begun.
According to court documents filed on September 22, the SEC urged the court to allow notice of defendant Do Kwon’s testimony. Additionally, the SEC recommended alternatives if Do Kwons testimony would be difficult to obtain and urged the court to prohibit the use of any of Do Kwons statements in summary judgment.
Defendants Terraform Labs and Do Kwon are scheduled to file their responses on September 26. The SEC has submitted additional details in a memorandum in support of the motion.
The SEC’s earlier motion to issue a letter of request for international legal assistance against Chai Corporation and Terraform Labs co-founder Daniel Shin was approved by a judge; while the defendant’s request to subpoena third parties for documents was denied by the judge.
Separately, Judge Jed Rakoff declined to agree with Judge Torres’ ruling in Ripple’s lawsuit with the SEC. The latest developments in court proceedings are now detrimental to the SEC, as a federal judge calls the SECs practices hypocritical, arbitrary and capricious. (CoinGape)
Odaily News Web3 bug bounty platform Immunefi announced on the
Odaily News OpenSea stated that during the blockchain game BlockGames NFT mint yesterday, there was a logical problem in the allowlist (permission list) of the OpenSea platform, which caused some wallets to exceed the expected upper limit of mint. OpenSea is currently working with the BlockGames team to support its reopening mint next week.
BlockGames added that the new mint date is 16:00 UTC on September 26 (0:00 on September 27, Beijing time). All refunds will be posted and processed prior to mint reopening. The allowlist will not be updated (only those violating mint rules will be removed from the list).
UniSat: brc 20-swap will enter early public beta on September 26
According to official news from Odaily, UniSat announced that brc 20-swap will enter the early public testing phase on September 26. More than 400 invitation inscriptions have been distributed for free to members of its community today, and officials will continue to send out an additional 200 more invitations from time to time in the coming days.
The first season of open testing of Yuga Labs’ LotM game will start on September 26
According to official news from Odaily, the first season open test of Yuga Labs’ LotM game will be launched on September 26. During the first season, users can hatch Mara. As a Koda holder, they can start collecting fragments and hunting for fragments in advance. Beta loot will be mintable at the end of each quarter and include LotM’s ever-expanding collection of in-game items.
Note: LotM is introducing a new NFT series, Mara, that can evolve into Koda, a small bipedal creature that exists on 10% of the original 100,000 Otherdeed lands.
Casio will launch virtual G-SHOCK watch NFT on Polygon, which will enter public sale on September 26
Odaily News Casio announced that it will launch its virtual G-SHOCK watch on the Polygon blockchain. The project will begin with an NFT-based G-SHOCK Creator Pass, which will give holders access to the project’s dedicated Discord channel to vote on the watch’s appearance.
Starting from September 23, Casio will distribute 15,000 NFT-based G-SHOCK Creator Passes to users. Casio customers who have registered a CASIO ID on the company’s membership website can participate in the pre-sale from September 23 to 26 , and will then enter public sale from September 26th to 29th. (The Block)
Odaily News After a testing period, Lumerin, the decentralized computing power routing protocol launched by BTC mining pool operator Titan, will launch a decentralized Bitcoin computing power market on Arbitrum.
The new platform, officially launched on September 26, aims to eliminate peaks and troughs in the Bitcoin mining business, allowing miners and non-miners to buy and sell computing power and set parameters (such as the amount of computing power, duration and price).
Lumerin claims that its platform can help decentralize Bitcoin mining by opening a market that allows anyone to buy, sell and trade computing power. (The Block)
September 27
Odaily News Fox Business News reporter Eleanor Terrett posted on the Oversight hearing.
The 118th Ethereum ACDC Conference: Devnet-9 will be launched on September 27
Odaily News Christine Kim, Vice President of Galaxy Research, published a document summarizing the 118th Ethereum Core Developer Consensus Conference (ACDC). This meeting mainly discussed Devnet-9 preparations and changes to the Ethereum Consensus Layer (CL).
Devnet-9 is the second testnet and includes the full set of code changes in the Dencun upgrade. Devnet-9 will be the first testnet to activate EIP-7514 and EIP-7516, two new EIPs that were added to the Dencun upgrade at last week’s executive layer meeting.
Parithosh Jayanthi, DevOps engineer at the Ethereum Foundation, said that his team will launch Devnet-9 on September 27; EL and CL client teams such as Lodestar, EthereumJS, Lighthouse, and Geth have confirmed their readiness for this testnet release.
September 28
Odaily News JPEX, a virtual asset trading platform suspected of operating without a license, recently proposed the DAO stakeholder dividend plan and stated that 70% of the users who participated in the referendum agreed to the plan on the first day of the referendum. The referendum will last until 20:00 on September 28 to decide whether to implement the plan.
Hong Kong Legislative Council member Huang Junshuo reminded that under the relevant plan, the maximum dividend for investors is only 49%, and the representative voice is still with JPEX. Investors should pay special attention to the fact that turning from a creditor to a shareholder does not mean that they can get back their investment money. Once the company has debts This will cause users to become “debt-ridden”. (Eastern Network)
According to previous news, JPEX issued an announcement on September 20 that due to the serious impact of the Hong Kong Securities and Futures Commission (SFC) incident, the third-party market makers it cooperated with maliciously locked funds, resulting in unprecedented temporary difficulties. Reference Based on Bitfinexs past successful handling methods and improvements, JPEX will launch the DAO Stakeholders Dividend Plan.
The platform will distribute 49% of the DAO stakeholder dividends to the outside world. Existing users can exchange the assets currently stored in the platform for DAO stakeholder dividends at a ratio of 1:1. Users can participate in the referendum on September 21, 2023, and vote to decide whether to implement the plan. JPEX will still maintain normal operations until the referendum is completed and the results are obtained.
Odaily News Ethereum client Nethermind has released version V1.20.4 and will restart the Holesky test network at 12:00 UTC on September 28 (Epoch 1695902400).
Odaily News Blockchain technology and decentralized infrastructure solution Stratos announced that the Stratos blockchain mainnet has been launched. In addition, the Stratos decentralized storage mainnet will be launched on September 28.
September 29
Odaily News The Block data shows that more than $3 billion worth of Bitcoin options and about $1.8 billion in Ethereum options on Deribit will expire on September 29.
Deribit Chief Commercial Officer Luuk Strijers highlighted the similarities between cryptocurrency markets and traditional financial markets when approaching option expiry dates, especially quarterly expirations: “This can lead to larger trading volumes and volatility. Do Actions by market makers can lead to increased market volatility, especially before options expire. Market makers adjust their hedges to accommodate changes in the price of the underlying asset. (The Block)
FTX Reminder: September 29 deadline for customers to submit claims
Odaily News Encryption trading platform FTX reminds its customers that the last submission date for customer claim certificates is 16:00 on September 29, Eastern Time (4:00 on September 30, Beijing time). Users are advised to log in to the customer claim portal to start the claim process. FTX requires customers to provide KYC information during the claims process, and the review and verification process for KYC will continue after the deadline.
In addition, FTX has sent separate notifications on September 17, 2023, for accounts that were previously frozen due to a cybersecurity incident at Kroll, the bankruptcy claims agent.
According to official news from Odaily, the Solana Foundation has invested US$250,000 to collect RWA open source protocol standards from the entire industry. The standard requirements include but are not limited to the implementation of the following functions: issuer payment clawback transaction suspension, issuance whitelist, third-party custody, SEC and MiCA filing verification, dividend distribution, loan details, default conditions and title ownership (real estate), application deadline is September 29.
dYdX will remove trader fee discounts and resume normal fees on September 29
According to official news from Odaily, dYdX announced that it is updating the V3 charging plan and will cancel the handling fee discounts for all dYdX traders at 13:00 on September 29, Eastern Time (1:00 on September 30, Beijing time) and resume normal charges. Hedgie holders will be eligible for a 3% fee discount.
September 30
Odaily News OneKey tweeted that starting from September 30, 2023, OneKey Card will stop accepting new user applications from the following countries or regions: Mainland China, Iran, North Korea, Syria, Russia, North Macedonia, Sudan, Venezuela and Zimbabwe . OneKey said that users who have activated their cards will not be affected and can still use them normally. This is done to strictly comply with local legal and regulatory requirements.
Odaily News Layer 1 blockchain network aelf announced the launch of the Aelevate plan. Aelevate will support studio transformation and blockchain game development by providing grants of up to $150,000 per studio to help developers integrate, build and publish their games on the aelf network.
Aelevate will be open to all game developers, and successful applicants will receive end-to-end support in two main areas: the technology ecosystem and the business ecosystem.
Applications for the Aelevate program are now open and close on September 30. Aelevate’s first round of funding is scheduled to be distributed in October. (PR Newswire)
October 1
Bybit to suspend UK operations in October in response to regulatory changes
Cryptocurrency exchange Bybit will suspend its operations in the UK next month in response to regulatory changes.
Starting October 1, new customers will not be able to open accounts, and starting October 8, existing customers will not be allowed to add funds, create new contracts, or increase positions. However, the company said in a post on its website that customers will be able to reduce and close positions and withdraw funds from the platform. (CoinDesk)
Odaily News PayPal stated in an email sent to some users on August 14 that due to the introduction of new rules by the British Financial Conduct Authority (FCA), PayPal will temporarily stop cryptocurrency purchase services in the United Kingdom from October 1, 2023. , and will resume in early 2024, with an unknown date.
PayPal did not specify what rules were involved but said they would require it to implement additional steps before customers can purchase cryptocurrencies.
Although cryptocurrencies cannot be purchased, PayPal said users will be able to hold and sell their cryptocurrencies during the outage. PayPal did not specify whether users will be able to transfer cryptocurrencies to other wallets and exchanges, but it appears this feature is only available to US users at this time.
PayPal assured users that their cryptocurrencies remained safe and said there would be no fees for holding cryptocurrencies.
It is reported that the UK will implement a cryptocurrency Travel Rule in September 2023, requiring cryptocurrency companies to collect information about parties involved in transactions, although the September deadline of the rule appears to be inconsistent with PayPal’s October service changes. The FCA also recently introduced new crypto advertising promotion rules designed to control how cryptocurrencies are promoted or advertised to potential investors, which came into effect in October. (Cryptoslate)
Lybra Finance announces the launch of Lybra V2, and LBR holders must migrate to V2 before October 1
Odaily News Lybra Finance announced the launch of Lybra V2. LBR currency holders must migrate to V2 before 08:00 (UTC+ 8) on October 1.
Others (specific time to be determined)
Arbitrum Odyssey is back online next week with Galxe for 7 weeks
According to official news from Odaily, Arbitrum Odyssey will be relaunched next week. This Odyssey will cooperate with the Web3 community activity platform Galxe for a period of 7 weeks. Complete missions and explore 13 projects on Arbitrum One to earn custom badges.
Arbitrum New Odyssey will include the following 13 projects: GMX, Aboard, tofuNFT, Uniswap, ApeX Protocol, 1inch Network, Premia Blue, DODO, Swapr, Treasure, BattleFly DAO, handle.fi, SushiSwap.
dYdX founder: The mainnet is expected to launch sometime in early to mid-October
Odaily News dYdX founder Antonio Juliano said in an interview that the dYdX mainnet was originally scheduled to be launched at the end of September, but was later postponed. It may be launched sometime in early to mid-October. Juliano said the build is almost complete and is in the final stages of testing.
Antonio Juliano also said that dYdX actively complies with regulations and has been communicating with the CFTC in a timely manner. dYdX has never offered derivatives products to U.S. customers and therefore will not be accused by regulators of compliance issues like other crypto companies. (CoinDesk)
SOMA Finance plans to issue SOMA tokens at the end of September or early October
Odaily News SOMA Finance, a joint venture between MANTRA and Tritaurian Capital, said it plans to launch the first legally issued and structured digital securities to global and U.S. retail investors later this month. The company plans to sell $5 million worth of tokens in one or more tranches, with the first tranche priced at $2.50 per token. Token holders are entitled to a 10% dividend on SOMA profits. SOMA Finance plans to issue SOMA tokens at the end of this month or early October.
It is reported that SOMA Finance is a multi-asset decentralized exchange (DEX) and an issuance platform for tokenized stocks, digital assets and NFTs. (CoinDesk)
Silvergate Bank CEO resigns, CFO to leave by end of September
Odaily News Three top executives at failed crypto-friendly bank Silvergate are leaving the company. Chief Executive Officer and President Alan Lane and Chief Legal Officer John Bonino will leave the company on Aug. 15, according to filings with the Securities and Exchange Commission. Silvergates Chief Financial Officer Antonio Martino will resign by September 30.
The three executives will receive a severance package but will no longer receive compensation from the company. Silvergates chief risk officer, Kathleen Fraher, will serve as chief transition officer for the company and bank following Lanes departure. Chief Accounting Officer Andrew Surry will assume primary financial officer responsibilities. At this time, the Company does not anticipate appointing the Companys President and Chief Executive Officer, the Banks Chief Executive Officer, or the Companys and Banks Chief Financial Officers, in light of plans to pursue liquidation of the Bank, the company wrote.
Fintech firm Block Earner to launch cryptocurrency mortgage product at the end of September
Odaily News Australian financial technology company Block Earner plans to launch a loan product with cryptocurrency as collateral. Block Earner is expected to launch the first such product at the end of September, initially supporting only Bitcoin-collateralized loans. (Cointelegraph)
