Highlights for next week:
Shibarium plans to reopen to the public next Monday；
Starknet version 0.12.1 will be released next week, starting the second phase of Quantum Leap；
ZachXBT: 90% of legal defense funds expected to be refunded, refunds to be completed next week。
From August 21st to August 27th, all noteworthy events in the industry are forecasted as follows:
August 21
Odaily News OKX official tweet stated that OKX is constantly striving to provide users with a smooth and safe trading experience. In the context of global compliance, KYC has become one of the most powerful ways for platforms to protect users. We are gradually upgrading the iterative certification process and simplifying it to meet global regulatory standards.
It stated on Twitter that all OKX users complete full verification before they can access OKX products and services. In order to ensure normal use, users are strongly recommended to complete the advanced certification before 15:00 on August 21 (HKT). Users who cannot complete the authentication can contact customer service and will receive 7*24 service support.
PYUSD will start trading on Kraken on August 21st
Odaily News According to the official announcement, PayPal’s US dollar stablecoin PYUSD has been launched on the Kraken platform, and users can start recharging. PYUSD will start trading on Kraken on August 21.
Users can deposit PYUSD through the funding page, but must use the Ethereum network, and deposits on other networks may be lost. PYUSD is collateralized by U.S. dollars, U.S. Treasury bonds and other assets, and aims to achieve a 1: 1 link with the U.S. dollar.
Kraken said PYUSD enables users to transfer funds between PayPal and external wallets, make person-to-person payments, and exchange between PayPal-supported cryptocurrencies.
Shibarium plans to reopen to the public next Monday
Odaily News Shibarium issued a progress announcement and is currently strengthening security measures and conducting in-depth testing. Shibarium is currently able to generate blocks normally in closed beta mode. The team will continue expansion and testing, and the Shibarium network plans to reopen to the public next Monday.
Odaily news Starknet wallet Argent tweeted that because Starknet is being upgraded, some old Starknet accounts also need to be upgraded. The upgrade must be completed in advance, otherwise there is a risk of asset loss.
Odaily News McDonalds (Singapore) announced on its official Instagram account that it has reached a partnership with Bandwagon Labs to launch 2,000 copies of the exclusive digital collection NFT series Grimace Digital Collectible based on McDonalds classic milkshake Grimace.
The collection was designed by artist Hidden Walls and will be available via casting via the McDonalds Singapore app. Minting is expected to launch on August 21st, the free redemption is limited to one per account, and the NFT cannot be transferred or traded.
August 22
Judge Grants Nevada Regulators Into Receivership Of Prime Trust, Prime Trust Can Arrive Aug. 22
Odaily News Nevada’s Eighth Judicial District Court has granted state regulators’ bankruptcy receivership petition against crypto custodian Prime Trust. The companys operations will be taken over by Bank of Nevada President John Guedry.
According to a July 14 filing, judges in Nevadas 8th Judicial District Court said the court found sufficient grounds to grant the petition after reviewing the merits and purview of the petition in support of it, as well as relevant evidence, including the defendants consent.
The judge then ordered Prime Trust to appear in court on August 22 to argue why the state regulators application should not be permanently approved.
The original petition seeks to take over the day-to-day operations of the company and overhaul all of its finances to determine the best option to protect Prime Trust customers, which is to restore the company and place it into private administration or liquidation. (The Block)
Odaily News Ethereum re-pledge association EigenLayer officially announced that it plans to increase the liquidity re-pledge limit of stETH, rETH and cbETH again on August 22. The specific standard is that when the re-pledge amount of any of the three assets reaches 100,000, protocol deposits will be suspended again.
DeFi lending protocol Sentiment: V1 version will be closed on August 22, V2 is under development
Odaily News The DeFi lending agreement Sentiment announced on Twitter that it will shut down Sentiment V1 on August 22 (because it is not feasible to expand its architecture), and Sentiment V2 is currently under development. The team stated that users will be able to withdraw money even after the UI is no longer supported.
The closure of Sentiment V1 will be carried out in 3 steps. From August 15th, the market will no longer accept new loans. Borrowers and lenders can repay and withdraw. After August 22nd, the web application can still be accessed, but core contributors It will no longer be maintained.
Odaily News Adidas Originals, a subsidiary of Adidas, announced that it has cooperated with BAPE, a trendy brand in Harajuku, Japan, to launch a limited edition sneaker Triple-White Forum 84 BAPE Low based on NFT.
With the support of Adidas Web3 studio adidas /// Studio (Three Stripes Studio), the adidas Originals x BAPE Fresh Forum NFT auction will be held on August 22 through the adidas COLLECT platform, which is also the first time Adidas has adopted the auction format to support NFT digital sports shoes. In addition, each pair of physical shoes will be equipped with an NFC chip inside the left tongue, which owners can scan with their smartphones to obtain an NFT-based certificate of authenticity, limited to 100 pairs.
August 23
Odaily News FTX wants to exclude its Dubai unit from U.S. bankruptcy proceedings, according to court filings on Thursday. When FTX filed for bankruptcy in the U.S. last November, it had already initiated Chapter 11 bankruptcy proceedings for 102 affiliated entities around the world. FTX Dubai, founded in February 2022 and owned by the company’s European subsidiary, is one of the entities involved in the lawsuit.
But FTX’s insolvency entity argued in the filing that FTX Dubai had not carried on any business prior to filing for bankruptcy in the United Arab Emirates (UAE), and therefore had “no reasonable possibility of resuming operations.” “Furthermore, FTX Dubai’s balance sheet is solvent. Accordingly, the debtors believe that a solvent voluntary liquidation proceeding under the laws of the United Arab Emirates will allow for the timely distribution of all outstanding debts and liquidation of all assets. cash balance.
The FTX insolvency entity argued that any court order during FTX Dubai’s involvement in the proceedings should stand, but that the dismissal was “necessary” to protect debtors and authorize them to pay pre-bankruptcy wages and salaries and other compensation, benefits and expenses To employees in Dubai. A related hearing is scheduled for August 23. (CoinDesk)
August 24
Odaily News The Cosmos Hub community is voting to decide whether to reallocate the remaining 25,000 ATOM funds provided for the development of the ecological smart contract platform Neutron in Proposition 72 to the Neutron Foundation to fund the development and growth of Neutron and its ecosystem.
It is reported that in July 2022, the Cosmos Hub community voted through Proposition 72 and allocated 150,000 ATOMs to fund the development of the consumer chain launched on Replicated Security, of which 50,000 ATOMs were awarded to Neutron.
According to official news from Odaily, Base announced that the second round of Prop House funding has been launched, which will fund new protocols, tools and infrastructure built on Base.
Addresses with an ENS domain name and 0.025 ETH on the mainnet, legal residents who are at least of the legal age of majority in the state or country of residence and are not legal residents of any sanctioned countries can submit applications until August 24th.
Baseisfor Builders NFT holders can vote, with one vote per address, and the top 5 proposals will be funded with 5 ETH each.
August 25
Binance spot single IP request weight will be increased to 6,000 per minute starting from August 25
According to an official announcement from Odaily, in order to improve the trading experience of API users, Binance Spot API will optimize the IP request weight rules. Starting from 08:00 on August 25, 2023 (Eastern Eighth District time), the request weight of a single IP will be increased to 6,000 per minute.
August 26
Avalanche will unlock 9.54 million AVAX on August 26
Odaily News Token Unlocks data shows that Avalanche plans to unlock 9.54 million AVAX on August 26, worth about 102 million US dollars, accounting for about 2.77% of the total circulation.
For more trailers related to token unlocking, you can follow Odailys Token Unlock Weekly Report》。
August 27
no yet
Others (specific time undecided)
Starknet version 0.12.1 will be released next week, starting the second phase of Quantum Leap
According to official news from Odaily, the Starknet mainnet will be upgraded to version 0.12.1 next week, starting the second phase of Starknet’s “Quantum Leap”.
The Starknet 0.12.1 upgrade aims to improve transaction efficiency. Currently, invalid transactions waste valuable sequencer resources without paying fees. This upgrade adds a verification stage before sorting to filter out invalid transactions earlier. Failed transactions will have the REVERTED status and be included in the block, paying a fee.
ZachXBT: 90% of legal defense funds expected to be refunded, refunds to be completed next week
Odaily chain analyst ZachXBT tweeted that the return of unused legal defense funds is expected to be completed next week. Among them, the Ethereum mainnet will have a fund to be refunded, SOL and Pulse have just completed refunds, and the EVM chain will be refunded manually this week. More details will be announced later this week and more than 90% of donations will be refunded.
ZachXBT later updated that manual refunds for Fantom, Arbitrum Nova, Polygon zkEVM, Harmony, Moonbeam, and Gnosis chain donations have been completed.
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