Highlights Preview:
- Pyth Network (PYTH) will unlock approximately 2.13 billion tokens at 10 p.m. Beijing time on May 20, accounting for 141.67% of the current circulation, worth about $943 million;
- PayPal will cancel buyer and seller protection for NFTs from May 20
- Chiliz Chain plans to conduct the Dragon8 hard fork on May 21, introducing Tokenomics 2.0
- P2E game Nyan Heroes will conduct the TGE of NYAN tokens on May 21
- Avalanche (AVAX) will unlock approximately 9.54 million tokens at 8 a.m. Beijing time on May 22, accounting for 2.49% of the current circulation, worth about $347 million;
- The U.S. Securities and Exchange Commission must decide on the Ethereum spot ETF applications of VanEck and ARK on May 23 and May 24, respectively
May 20
Exchanges:
Coinbase Custody to Cease Support for PLA and UNFI on May 20
Coinbase Institutional announced that Coinbase Custody will cease support for PlayDapp (PLA) in all jurisdictions on May 2, 2024, and for Unifi Protocol DAO (UNFI) on May 20, 2024.
Project Updates:
PayPal to Cancel Buyer and Seller Protection for NFTs from May 20
According to PayPal's new policy effective on May 20, NFT purchases will no longer be covered by the company's buyer protection plan. Additionally, NFT sales worth over $10,000 will not be protected against false claims and refunds.
BounceBit: Unstake BTCB, WBTC, FDUSD, USDT in Premium on May 20
BounceBit announced the schedule for asset withdrawals, including unstaking and withdrawal processing times for various tokens.
Token Unlock:
Pyth Network (PYTH) will unlock approximately 2.13 billion tokens at 10 p.m. Beijing time on May 20, accounting for 141.67% of the current circulation, worth about $943 million;
May 21
Exchanges:
Binance announced support for Lisk (LSK) contract replacement, with deposits and withdrawals of old LSK tokens suspended from May 21, 2024, 10:00 (Beijing time).
Project Updates:
P2E Game Nyan Heroes to Conduct NYAN Token TGE on May 21
P2E game Nyan Heroes announced the token generation event (TGE) for its NYAN token on May 21, 4 p.m. Beijing time on Bybit, with airdrops to follow.
Lisk to Conduct Series of Airdrops, Users to Hold at Least 50 LSK in Non-Custodial Wallet on May 21
Blockchain application platform Lisk announced the upcoming HodlerDrop airdrop event, requiring users to hold at least 50 LSK in their personal non-custodial wallets by 14:00 (Beijing time) on May 21.
Chiliz Chain to Conduct Dragon8 Hard Fork on May 21, Introducing Tokenomics 2.0
Chiliz Chain's CEO Alexandre Dreyfus announced the official date for the Dragon8 hard fork on May 21, introducing Tokenomics 2.0.
May 22
Project Updates:
Jupiter to Conduct LFG Round 3 Voting on May 22
May 22
Project Updates:
Decentralized exchange Jupiter in the Solana ecosystem announced that the candidates for the third round of LFG include the cross-chain interoperability protocol deBridge, the betting platform Divvy.Bet, and the NFT marketplace Exchange Art. The third round of voting will take place on May 22.
Jupiter has acquired Ultimate Wallet and its mobile team, and it will be shut down on May 22. As part of the integration, the Ultimate application will be closed on May 22, 2024. Additionally, Jupiter will launch its new Jupiter Mobile program, expected to release a beta version in May. The new mobile app will allow users to trade any token with zero fees, aiming to provide a more convenient and cost-effective trading experience for users in the Solana ecosystem.
Zeta Markets airdrop competition will end on May 22. The decentralized exchange Zeta Markets, based on Solana, announced the launch of the Zeta Community Airdrop program to reward its partners and community on the Solana network. The airdrop will allocate 1% of the total supply of Z tokens to partner projects. The competition will run from May 8, 20:00 to May 22, 7:59 (Beijing time).
Flow is set to launch the Crescendo upgrade, with the first phase starting from May 22 to 23. The Crescendo network upgrade will bring EVM Equivalence and Cadence 1.0 to Flow. The first phase of the upgrade will focus on testing transaction verification logic.
MerlinSwap introduces the esMP token and will start the esMP staking event on April 22. The Merlin ecosystem DEX MerlinSwap has launched the esMP token and will start the esMP staking party from April 22, 14:00 Beijing time, ending on May 21, 14:00. Users can stake esMP tokens to participate in the second phase of MerlinSwap's 2% airdrop allocation.
SEC and Terraform Labs will debate the compensation plan on May 22. In a filing submitted to the U.S. District Court for the Southern District of New York on April 29, Judge Jed Rakoff stated that the SEC, Kwon, and Terraform's lawyers are to appear in court on May 22 to debate the compensation plan.
Token Unlock:
Avalanche (AVAX) will unlock approximately 9.54 million tokens at 8 a.m. Beijing time on May 22, accounting for 2.49% of the current circulation, worth about $347 million;
SPACE ID (ID) will unlock approximately 18.49 million tokens at 8 a.m. Beijing time on May 22, accounting for 4.29% of the current circulation, worth about $13.7 million;
May 23
Regulatory News:
The U.S. SEC will decide on VanEck's Ethereum spot ETF on May 23. The public document indicates that the U.S. Securities and Exchange Commission (SEC) has delayed the decision on VanEck's Ethereum spot ETF. The SEC must decide on VanEck's application on May 23, and ARK's application on May 24.
Exchanges:
Binance will suspend NTRN token deposits and withdrawals on May 23 to support its network upgrade. To support the upgrade of the Neutron (NTRN) network, deposits and withdrawals of NTRN tokens will be suspended on May 23, 2024, at 21:30 (GMT+8). The network upgrade is expected to commence at 22:30 on the same day, when the block height reaches 10,525,000.
Websea launches the Launchpad project Meta Heaven (MEHG), with subscriptions ending on May 23.
May 22
Project Updates:
Websea is set to launch the Launchpad project Meta Heaven (MEHG), providing exclusive participation opportunities for WBS platform token holders. The activity will determine the maximum amount users can invest based on their average WBS holdings from May 19 to 23, 2024. The minimum investment is 10 WBS, with a personal cap of 50,000 MEHG. The exchange rate is 1 MEHG = 0.01 USDT. Token distribution results will be announced on May 24, 2024, at 18:00 (GMT+8), and the corresponding WBS will be deducted from users' locked WBS balances. After successful deduction, MEHG tokens and remaining WBS will be distributed to users' spot wallets.
Binance and its executive Tigran Gambaryans, who is detained, had their bail hearings for money laundering, tax evasion, and compliance at Binance held in Nigeria on Friday. The court ruled that Gambaryan can be served with tax evasion charges from the Federal Inland Revenue Service. Gambaryan's lawyer opposed this application, citing the need to review amended charges to provide defense advice for Gambaryan, and the court agreed to postpone the matter to May 22 for the filing. The money laundering trial by the Economic and Financial Crimes Commission (EFCC) began on Friday, with a Nigerian prosecutor summoning Abdulkadir Abbas of the Nigerian Securities and Exchange Commission as the first prosecution witness. After the prosecution completed the questioning of the first witness, Tigran's lawyer requested an adjournment to obtain authentication records for certain documents used in cross-examining the witness. The court postponed the trial to May 23 at noon.
Project Updates:
Holograph to Distribute First Round of HLG Rewards on May 23
The full-chain NFT protocol Holograph announced that 500,000,000 HLG tokens (5% of the total supply) will be distributed to eligible recipients in the first round of HLG rewards. Additional HLG will be reserved for future allocations and ecosystem growth plans. The first round of HLG rewards will be distributed to participants who have earned over 250 XP by performing specific on-chain operations on the Holograph App. Key timeline for the first round of HLG rewards (Beijing time): Registration period: May 13, 18:00 – May 23, 12:59; Distribution period: May 23, 13:00 – May 23, 17:59; Results announcement: May 23, 18:00; Lock-up period: Until May 23, 20:00.
May 24
Project Updates:
MOCA Foundation: Token Distribution to Take Place Around May 24
MOCA Foundation announced that token distribution will take place around May 24. The details of the MOCA token issuance are as follows: a total of 126,984,127 MOCA tokens will be offered, accounting for 1.5% of the total token supply, with a price of $0.03938 per token. The FDV of the total MOCA token supply is $350,000,000. Participants in the MOCA token issuance will receive the most favorable terms in different verticals, with a 5% unlock at TGE, a 3-month cliff period, and a 52-week linear release driven by the CoinList platform.
DePIN Project Natix Token Public Sale on CoinList Platform Continues Until 1 AM on May 24
DePIN, a decentralized infrastructure network focused on map data, announced that the NatixNetwork's NATIX Token public sale is ongoing on the CoinList platform, with the sale continuing until 1 AM on May 24 (Beijing time). The public sale offers 5% of the total supply (50 billion NATIX tokens) at a fixed price of $0.001 per token, with a total valuation of $100 million. The minimum purchase limit for CoinList users is $100, and the maximum limit is $2000. Unlocking and linear unlocking period: 25% unlocked at TGE, with the remaining tokens linearly unlocked over 6 months. Users from restricted regions such as the U.S. and its territories, Canada, China, and North Korea are not eligible to participate.
In the UK's largest Bitcoin money laundering case, 42-year-old British-Chinese citizen Jian Wen was found guilty of "engaging in arrangements for money laundering" by a UK court, with a maximum sentence of 14 years' imprisonment. Jian Wen's defense lawyer Mark Harries stated that due to the judge's busy schedule, the original final verdict for Jian Wen, scheduled for May 10, has been postponed to May 24. During the investigation of Jian Wen, the UK police seized over 61,000 bitcoins, the largest amount of cryptocurrency ever seized in the UK (valued at approximately £3.06 billion based on a bitcoin price of around £50,190 on May 10). Jian Wen was arrested in a two-bedroom apartment in South London, and it is reported that she has returned to work at a restaurant and is living with her son. In the apartment, the police found a handwritten note: "If they break the BTC code, I'll be dead."
Token Unlock:
Euler (EUL) will unlock approximately 4.66 million tokens at 00:17 on May 24, accounting for 0.34% of the current circulation, worth about $370,000.
May 25
Project Updates:
The game & meme project Notcoin in the Telegram ecosystem announced that approximately 5% of the token supply will be distributed to over 500,000 community members and exchange users. Wallet users on Telegram will receive 1 billion Notcoin as total rewards and will have the opportunity to earn Notcoin through TON. The activity will end on May 25.
Token Unlock:
Acala (ACA) will unlock approximately 4.66 million tokens at 8 a.m. Beijing time on May 25, accounting for 0.48% of the current circulation, worth about $500,000.
May 26
Project Updates:
The Ethereum Foundation announced that the Ethereum Protocol Fellowship 5th round (EPF5) program is now open for applications, with a deadline of May 26. EPF is an unlicensed program that provides an opportunity for individuals aspiring to be Ethereum protocol contributors. The 5th round of EPF will last for five months, with two offline events in Brussels at EthCC and in Southeast Asia at Devcon from June to November. Successful participants will receive a monthly stipend and have the opportunity to collaborate with mentors from the core development community.
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