Must-watch next week | Nvidia will hold the GTC 2024 conference; ether.fi will open airdrops (3.18-3.24)
Important notice for next week
NVIDIA will hold GTC 2024 conference from March 18th to 21st；
Arbitrum will activate additional fee reductions on March 18；
ether.fi: Airdrop collection will be open on March 18；
Backpack Exchange Pre-Season first snapshot will be taken on March 18；
Reddit plans to price IPO on March 20, with price target of $31 to $34；
Opentensor Foundation: Bittensor roadmap will be announced next Thursday
From March 18th to 21st, more noteworthy events in the industry are previewed below.
March 18
NVIDIA will hold GTC 2024 conference from March 18th to 21st
Odaily News NVIDIA announced that it will host the GTC 2024 conference at the San Jose Convention Center from March 18 to 21. NVIDIA founder and CEO Jensen Huang will deliver the keynote address at the San Jose Convention Center on Monday, March 18 at 1:00 pm Pacific time, or 4:00 am on Tuesday, March 19 (Beijing time).
CME Group plans to launch euro-denominated micro Bitcoin and Ethereum futures on March 18
Odaily News CME Group plans to launch micro Bitcoin and Ethereum futures priced in euros on March 18.
Odaily According to documents shared by Bloomberg Intelligence analyst Henry Jim on the times, 2x leveraged/inverse leveraged ETFs. Code/fee to be determined, effective date March 18, 2024.
The ETFs all use the yet-to-be-launched iShares Spot Bitcoin ETF as the initial reference ETF, but reserve the right to use other spot Bitcoin ETFs, the filing shows.
It is reported that World Funds Trust is an open-end management investment company organized as a Delaware statutory trust on April 9, 2007.
Odaily News Avalanche announced last year the launch of Codebase, a 12-week accelerator for early-stage founders that focuses on product, engineering, go-to-market, operations, organizational development and fundraising. A first batch of 15 startups will be selected, each receiving a $50,000 stipend to focus on building for the duration of the project.
Currently, Codebase has completed registration applications and the winners will be announced on March 18.
Odaily News According to official news, Arbitrum issued a statement stating that the Dencun upgrade has been successfully launched on the Ethereum mainnet, making it one of the largest upgrades to support L2 expansion of Ethereum. Now, with the completion of the Ethereum mainnet upgrade, the ArbOS Atlas upgrade is expected to be executed on all Arbitrum chains at 9:41 am on March 14, 2024, Eastern United States (9:41 pm Beijing time). Once the upgrade is implemented, it is expected that it may take an hour or two for blob transactions to begin publishing and for the new EIP-4844 pricing changes to begin to appear. ArbOS Atlas also introduces additional Arbitrum fee reductions for Arbitrum One, which is expected to be activated on March 18.
Venom Network will be launched on the mainnet on March 18
Odaily News Layer 0 blockchain Venom Network issued a document on the X platform stating that it will be launched on the mainnet on March 18.
ether.fi: Airdrop collection will be open on March 18
Odaily News ether.fi posted on the
Backpack Exchange Pre-Season first snapshot will be taken on March 18
Odaily News Backpack announced on the X platform that the first snapshot of Backpack Exchange Pre-Season will be taken on March 18.
March 19
OKX will launch Polyhedra Network (ZK) on March 19
According to the official announcement from Odaily, OKX will be listed on Polyhedra Network (ZK). The specific arrangements are as follows: ZK recharge will be opened at 16:00 on March 15, 2024; ZK/USDT spot trading will be opened at 18:00 on March 19, 2024. Open; ZK withdrawal will be open at 18:00 on March 20, 2024.
It is reported that Polyhedra Network (ZK) aims to empower interoperability and network protocol computing power through zero-knowledge proof technology (ZK).
Odaily News OP Labs posted on the X platform that OP Sepolia will be upgraded to support the fully functional OP Stack fault proof (Fault Proof) version on March 19. This upgrade will introduce some breaking changes that will impact bridging, CEX, and custom solutions using withdrawals. The team is asking relevant developers to update logic to support trouble tickets, update withdrawal monitors, and update dispute monitors.
The proposed fail-proof upgrade requires developers to update the withdrawal logic before OP Sepolia is released to enable these fail-proof changes. Importantly, withdrawals between OP Sepolia and Sepolia will no longer be instant as they will use a proof-of-failure mechanism.
DAO Maker announces expansion to Solana network and will launch YOURAI on Raydium next Tuesday
Odaily News DAO Maker announced on the .
March 20
Reddit plans to price IPO on March 20, with price target of $31 to $34
Odaily News According to the British Financial Times, two people familiar with the matter revealed that Reddit plans to price its IPO on March 20 and start trading the next day. The company has a price target of $31 to $34 per share, valuing it at about $6.5 billion. If priced according to this plan, its post-IPO market value will be significantly lower than the $10 billion at the time of the last non-public valuation in 2021. An IPO banker not involved in the deal said that Reddits listing will not determine the direction of the entire IPO market, but if it performs poorly, it will certainly not help our overall thinking about technology company IPOs. Reddit will tell potential investors that it is building an advertising business similar to Pinterest, which does not collect as much personal data on users and instead serves ads based on interests and intent, according to a person familiar with the plans. Reddit has also committed to licensing user data to artificial intelligence companies looking to train large language models.
March 21
Opentensor Foundation: Bittensor roadmap will be announced next Thursday
Odaily News The Opentensor Foundation stated on the social platform that it will announce the Bittensor roadmap next Thursday.
The Opentensor Foundation also revealed that the roadmap may include expanding Bittensor beyond the root network in 2024, implementing sudo form management, and adopting a PoS mechanism, etc.
Odaily News Aztec Network, a privacy and scaling solution based on ZKRollup, announced that it will gradually shut down the DeFi privacy bridge project Aztec Connect, and will disable the deposit of funds from zk.money and other front-ends (such as zkpay.finance) into the Aztec Connect contract in a week. But users will be able to withdraw money for free within a year. The Aztec team expects to completely abandon the Aztec Connect contract after 1 year, and all rollup functionality will cease, estimated to be March 21, 2024. Aztec Network advises users to withdraw funds as soon as possible.
Stratis: StratisEVM release delayed to March 21
According to official news from Odaily, blockchain technology company Stratis has released an update to its token Swap plan. The specific arrangements are as follows:
1. On-chain token exchange will continue until 18:00 GMT on March 20 (2:00 a.m. on March 22, Beijing time);
2. STRAX snapshot time: 18:00 GMT on March 20 (2:00 a.m. on March 22, Beijing time);
3. StratisEVM launch time: currently planned for March 21;
4. Off-chain token exchange time: February 7 to December 29 at 9:00 GMT.
Blockchain technology company Stratis previously issued a statement stating that it expects to start on-chain token exchange and snapshot taking on January 31. Stratis said that in order to thank users for their support and offset any potential loss of staking rewards, Stratis will notify all adjustments to the time Users who have performed redemptions before the release are airdropped with some additional tokens to make up for any possible loss of staking rewards. As a Layer 1 network, StratisEVM is a PoS blockchain based on Ethereum. It will also launch L2 solutions in the future, specifically focusing on high throughput and low finality to cater to the needs of games and DeFi protocols.
March 22
SEC seeks to extend defense briefing deadline in Ripple case to March 22
Odaily News Former U.S. federal prosecutor James K. Filan posted on the On March 22, Ripple’s deadline to submit a defense brief was extended to April 22, 2024, and the SEC’s deadline to submit a defense brief response was extended to May 6, 2024.
March 23
None yet
March 24
Polygon Miden will launch its Builder testnet on March 24
Odaily News Polygon Miden, Polygons Ethereum-compatible solution based on zk-STARK, will launch its Builder testnet on March 24.
Others (specific time to be determined)
Kryptanium Capital co-founder: Alt season may start next week as investors take profits on BTC
Odaily News Kryptanium Capital co-founder Daniel Yan posted on social media that he personally believes that the altcoin season will arrive after Bitcoin clearly breaks through ATH.
Daniel Yan said that the logic of the last bull market copycat season is that the BTC halving narrative coupled with institutional capital inflows drove the continued rise in BTC prices before the halving. But after the halving, traders took profits on the halving trade, with funds flowing into altcoins with more potential upside. This is similar to the current cycle, which is driven by ETF inflows and the same bull market driven by institutional demand. For most altcoins, ATH is still far away, which can be psychologically attractive to investors. And Bitcoin’s ATH confirms that we are indeed in the midst of a bull market and people’s greed is going crazy.
However, Daniel Yan also reminded investors to be wary of short-term bull market traps. Bitcoins weekly closing price needs to be higher than $70,000 to confirm a breakthrough.
