Next week's highlights
ASI (AGIX+OCEAN+FET) token merger plan to be implemented starting July 1;
ether.fi announces Season 3 and airdrop token distribution proposal, set to launch on July 1;
SEC may approve Ethereum spot ETF as early as July 4 (unlikely as SEC has returned the S-1 form again, low probability of approval on this date);
Biden may attend Bitcoin roundtable meeting in early July;
Mt.Gox to begin distributing BTC and BCH repayments in early July;
ZKsync: Over ten ZK Chains ready for deployment next week, stay tuned for Elastic Chain;
Blast: Second phase of point distribution rules to be released next week.
More events to watch in the industry from July 1st to July 7th.
July 1st
Wyoming's DUNA legal structure for DAO to take effect on July 1
Odaily Planet Daily reported that Miles Jennings, general counsel of a16z, stated on the X platform that Wyoming's decentralized autonomous non-profit association (DUNA) legal structure for DAO will take effect on July 1, 2024.
Jennings believes that DUNA can enable DAO to become a DAO, provide legal existence, protect privacy, limited liability, mitigate consumer risks, promote decentralization of power, prepare tax strategies, maintain flexibility, and facilitate bipartisan cooperation.
Mining company Gryphon Digital Mining to be included in Russell Microcap Index, effective July 1
Odaily Planet Daily reported that 100% renewable energy crypto mining company Gryphon Digital Mining announced its inclusion in the Russell Microcap Index. The index will take effect at the opening of the U.S. stock market on July 1. Gryphon stated that this move will promote growth and increase its visibility and attractiveness to institutional investors and funds.
Gryphon Digital Mining's stock code on Nasdaq is GRYP, with a market value slightly below $50 million. At the time of publication, the stock was trading at approximately $1.24 per share, having dropped 83% year-to-date. (The Block)
Taiko: Planned upgrade of BCR mainnet protocol to version 1.7.0 on July 1
Odaily Planet Daily reported that Taiko announced on the X platform that the Taiko BCR mainnet protocol will be upgraded to version 1.7.0 on July 1. This version is ABI compatible with the current Taiko-geth and client versions, but includes underlying protocol changes affecting block proposers and verifiers.
Mint to launch public mainnet on July 1
Odaily Planet Daily reported that Ethereum L2 network Mint, targeting NFTs, announced the launch of its public mainnet on July 1.
ASI (AGIX+OCEAN+FET) token merger plan to be implemented starting July 1
Odaily Planet Daily reported that the Artificial Superintelligence Alliance announced significant progress and updates regarding the ASI token merger.
The first phase is scheduled to be implemented starting July 1, 2024, with deposits and withdrawals of AGIX and Ocean beginning to close across exchanges to prepare for the migration process, while deposits, withdrawals, and trading of FET will continue as usual. The platform for migrating AGIX and OCEAN to FET will be open on the SingularityDAO DApp, allowing holders to convert their tokens to FET. The conversion rate is 1 AGIX to 0.433350 FET, and 1 OCEAN to 0.433226 FET.
The second phase involves the cross-chain deployment of ASI tokens, with the FET network upgrading to the ASI network, migration contracts from FET, AGIX, and OCEAN to ASI being opened, and EVM and other bridges being opened, with trading platforms beginning to migrate from FET to ASI spot markets.
io.net: Application period for Ignition rewards program season 3 set to start on July 1
Odaily Planet Daily reported that io.net announced on the X platform that the application periods for seasons 1 and 2 of the Ignition rewards program will end at 11:00 UTC on June 18, 2024, and users with eligible wallets must claim before the claim window closes. The application period for season 3 will start at 13:00 UTC on July 1, 2024 (21:00 Beijing time).
Rabby Wallet: Deadline for Season 2 point claims is July 1
Odaily Planet Daily reported that the crypto wallet Rabby Wallet announced on the X platform that the deadline for claiming points for Season 2 is 7:59 on July 1, and users have one more week to claim points.
ETHFI DAO announces Season 3 and airdrop token distribution proposal, set to launch on July 1
Odaily Planet Daily reported that ETHFI DAO released the ether.fi proposal to launch Season 3 and airdrop token distribution, indicating that in the third season, 25 million ETHFI tokens will be airdropped to eligible ether.fi stakers, with distribution based on community participation metrics and levels of involvement.
According to the proposal, the start date for ether.fi Season 3 is July 1, 2024, and the end date is early September 2024. Airdrop distribution will take place shortly after the end of the third season, and a Perks Passport will be introduced during this period, which is a new participation incentive framework that rewards users for increasing their loyalty points by participating in various DeFi activities and events on ether.fi.
Opyn's perpetual contract protocol Opyn Markets landing page to go live on July 1
Odaily Planet Daily reported that decentralized options platform Opyn announced on the X platform that it is set to launch the perpetual contract protocol Opyn Markets, which supports any asset and provides linear, stable, and option-like perpetual contracts. The landing page will go live on July 1.
Sanctum Profiles Beta version released, set to end on July 1
Odaily Planet Daily reported that according to official sources, Solana's LST protocol Sanctum announced the launch of the Sanctum Profiles Beta version. Profiles are the identities of users in the Sanctum world, open to everyone, not just Wonderland users.
In the short term, Profiles will serve as the standard for the upcoming CLOUD, with the larger goal of empowering users to establish identities and reputations in the community and showcase community roles, pets, achievements, and more.
Profiles are currently in the testing phase, and the official team will make improvements based on user feedback. During this period, user information will remain private, visible only to the individual user, and will not support public search.
In addition, the deadline for setting up Profiles is 12:00 on July 1, 2024.
July 2
Parallel Network: Withdrawal function to be launched on July 2
Odaily Planet Daily reported that the full-chain L2 network Parallel Network announced on the X platform that the withdrawal function will be launched on July 2. Users will be able to withdraw assets from Parallel L2 to the public chain, including ETH, Manta, Merlin-Chain, and Arbitrum One.
Kyber Network: Suspension of Gas Refund Plan V1 to start on July 2
Odaily Planet Daily reported that Kyber Network announced the temporary suspension of Gas Refund Plan V1 starting from July 2, stating that the plan may be relaunched with a different design. Previously, Kyber Network's Gas Refund Plan V1 was implemented in July 2023.
Odaily Planet Daily reported that the decentralized leveraged trading protocol Particle in the Blast ecosystem unveiled the PTC token economics, with a maximum supply of 200 million tokens, 55% for the community, 21% for contributors, and 24% for investors.
An initial airdrop of 20 million tokens (approximately 18.2% of the community allocation) with a 24-month vesting period; contributor and investor tokens locked for 6 months.
In addition, the TGE will take place at 18:00 on July 2.
July 3
Scroll to undergo Curie upgrade on July 3, Gas fees to be reduced by 2x
Odaily Planet Daily reported that Scroll announced on the X platform that the Curie upgrade will take place on July 3, with Gas fees reduced by 2x after the upgrade. The Curie upgrade uses the zstd algorithm to further compress data stored in blobs, reducing data size by 2.8x, allowing each blob to store more transactions, thereby reducing the data availability cost per transaction.
Ronin: Goda upgrade set to go live on July 3
Odaily Planet Daily reported that Ronin announced on the X platform that the Goda upgrade is set to take place at block 36052600 on July 3. Additionally, Ronin stated that the Tripp hard fork enables all validators to earn rewards by generating blocks daily, the Aaron Hardfork introduces upgradability for Axie & Land smart contracts, and the REP-0014 proposal implements Ethereum's EIP-1559, transferring gas fees to the Ronin Treasury.
July 4
SEC may approve Ethereum spot ETF as early as July 4 (unlikely as SEC has returned the S-1 form again, low probability of approval on this date)
Odaily Planet Daily reported that industry executives and other participants revealed that the U.S. Securities and Exchange Commission (SEC) may approve an Ethereum spot ETF as early as July 4, as negotiations between asset management companies and regulatory agencies have entered the final stage. Asset management companies including BlackRock and VanEck are seeking SEC approval for these funds. They stated that the process of amending the offering documents has progressed to only needing to address "minor" issues. A lawyer working with one of the issuing companies also stated that it's down to "final polishing," and approval may not take more than a week or two.
Odaily note: The latest update is that the U.S. Securities and Exchange Commission has returned the S-1 form to the potential issuer of the Ethereum spot ETF, with a few comments attached. The issuer has been asked to address these comments and resubmit by July 8. This means that at least one more filing is required before the ETF can begin trading.
Odaily Planet Daily reported that the UK is set to hold a general election on July 4, which could result in the pro-cryptocurrency Conservative Party losing power. The Conservative Party is committed to making the UK a cryptocurrency center and pushing for legislation to recognize digital assets as regulated financial services. In March of this year, Prime Minister Rishi Sunak reiterated plans for cryptocurrency legislation, with stablecoin and staking-related legislation expected to be introduced in the coming weeks, but no specific proposals have been put forward.
In the 2019 general election, the Conservative Party won 365 seats in the House of Commons, while the Labour Party won 202 seats. However, the Conservative Party has experienced four changes of prime minister, including the shortest-serving Liz Truss and Boris Johnson, who resigned due to a scandal. According to the latest polls, the Labour Party is leading in the upcoming election and plans to make the UK a tokenization center, supporting the Bank of England's digital pound plan, but has not yet taken a stance on cryptocurrency legislation.
This election not only concerns the fate of the Conservative Party's rule but also the future of the UK's cryptocurrency center plans.
Wormhole reminder: W airdrop claim window to close at 7:59 on July 4
Odaily Planet Daily reported that Wormhole and X issued a reminder: the W airdrop claim window will close at 7:59 on July 4.
Loopring: Deadline for TAIKO airdrop token claim is July 4
Odaily Planet Daily reported that Loopring announced on the X platform that the deadline for claiming TAIKO airdrop tokens is July 4.
Degen: Airdrop 2 Season 6 to be launched on July 4
Odaily Planet Daily reported that Degen announced on the X platform that the second round of Airdrop 2 Season 5 has been extended until July 4, and Season 6 will be launched on July 4.
July 5
Space Nation announces Closed Beta 2.0 test version to officially launch on July 5
On June 28, Space Nation officially announced that the Closed Beta 2.0 test version will officially launch on July 5.
The Closed Beta 2.0 test version will bring various functional updates and upgrades to many systems, including new personal and guild gameplay, ship leasing, crew, weapons, NFT components, and more. Additionally, the Proof of Contribution system will be reopened, with a million OIK tokens being airdropped as rewards.
It's worth noting that the Closed Beta 2.0 test version will still be a qualified restricted data-wiping test. Players can obtain activation codes by holding Space Nation ecosystem NFTs, participating in Space Trek, Space Nation: Orion, and future activities to qualify for access to the game.
July 6
No news available
July 7
=nil; Foundation to launch first Devnet "zkSharding MVP" on July 7
ZK technology developer =nil; Foundation announced on the X platform that it will launch its first Devnet, zkSharding MVP, at EthCC on July 7.
At the same time, interested parties can apply through the official provided link for a chance to join a selected developer group and be the first to test the Devnet.
Taiko: Trailblazers Trail 3 event extended for two weeks until July 7
According to official sources, Taiko, an Ethereum Layer 2 network based on zkRollup, announced the extension of the "Trailblazers Trail 3" gaming event for two weeks until July 7. Users playing games on Taiko and participating in on-chain activities in the game will receive the Bouncer Faction badge, which also provides a score bonus.
The current incentive activity includes 9 games: Looperlands, Crack&Stack, 0xAstra, 21BJ, EVM Warfare, Stupid Monkeys, Swords & Dungeons, Ultiverse, Zypher Network.
Others (specific time undetermined)
Biden may attend Bitcoin roundtable in early July
It is reported that Biden may participate in a Bitcoin roundtable with key congressional officials in Washington, D.C. The proposed meeting led by U.S. Congressman Ro Khanna will discuss how to keep Bitcoin and blockchain innovation within the United States.
U.S. Congressman Ro Khanna is set to host a Bitcoin and blockchain roundtable in Washington, D.C. in early July, describing it as "the most important meeting to date between blockchain policy makers and innovation leaders." The roundtable is expected to be attended by officials from the Biden administration, the House, and the Senate, as well as American businessman Mark Cuban. The main goal of the meeting is to strategize on how to maintain "Bitcoin and blockchain innovation in the United States."
Mt.Gox to begin distributing BTC and BCH repayments in early July
Market news indicates that Mt.Gox will begin distributing Bitcoin and Bitcoin Cash repayments in early July 2024.
ZKsync: Over ten ZK Chains ready for deployment next week, stay tuned for Elastic Chain
ZKsync announced on the X platform: "In 2022, ZKsync proposed the vision of ZK Chains based on the ZK Stack: fully customizable autonomous L2 based on ZK Stack.
Now, over ten ZK Chains are ready for deployment. Next week, we will see how these ZK Chains seamlessly collaborate. Stay tuned for Elastic Chain."
Blast: Second phase of point allocation details to be released next week
Blast announced on the X platform that they have received many questions about the second phase plan, how users and teams can participate, and the overall operation. In response, Blast stated that the second phase will still involve points and gold points, but the allocation mechanism will be different based on the lessons learned from the first phase. Detailed guidelines will be released next week.
Starknet ecosystem zkEVM network Kakarot teases "farm" activity to launch next week
Kakarot, a zkEVM network based on Starknet, released a video on X, teasing the launch of a "farm" activity next week.
Kakarot is currently in the testnet stage and has not yet launched on the mainnet, so the details of the so-called "farm" activity are not yet confirmed.
Layer3 Foundation to reveal L3 token economics details next week
Layer3 Foundation announced on X that they will reveal detailed L3 token economics next week.
Earlier in May, Layer3 Foundation announced on X that they would launch the L3 token in early summer, with a total supply of 300 million, with the community allocation accounting for 51% of the total supply.
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