Highlights Preview:
- TON ecosystem MEME project DOGS will stop using Telegram Stars to purchase DOGS points on July 15th
- Arbitrum (ARB) will unlock approximately 92.65 million tokens at 9:00 pm on July 16th Beijing time, accounting for 2.87% of the current circulation, worth about $65 million;
- Starknet (STRK) will unlock approximately 64 million tokens at 8:00 am on July 15th Beijing time, accounting for 4.92% of the current circulation, worth about $35.6 million;
- Optimism (OP) will unlock approximately 10 million tokens at 8:00 am on July 15th Beijing time, accounting for 0.89% of the current circulation, worth about $17 million;
- Binance will undergo wallet maintenance on July 17th, suspending all network deposit and withdrawal operations at 15:00 on that day;
- Insider: The U.S. SEC will hold a closed-door meeting next Thursday to possibly resolve the Ripple lawsuit and potential settlement solutions;
- Market forecast: Ethereum spot ETF may be launched during the week of July 15th;
- ether.fi Foundation: Season 2 applications will open next week
July 15th
Political Elections:
Musk Donates to PAC Dedicated to Electing Trump as U.S. President, PAC to Disclose Donors on July 15
According to Bloomberg, Musk has donated to a super political action committee (PAC) dedicated to electing Trump as U.S. president. The amount of Musk's donation is not yet clear, but sources claim it is substantial. The PAC is required to disclose the list of donors on July 15th.
Exchanges:
CXT/USDT to be Listed on OEX Exchange on July 15
CXT/USDT will be listed on the OEX spot trading platform at 16:00 Beijing time on July 15th.
Project Updates:
DOGS: Activity to Purchase DOGS Points with Telegram Stars to End on July 15
The TON ecosystem MEME project DOGS announced that the activity to purchase DOGS points with Telegram Stars will end on July 15th. The Telegram Stars obtained will all be donated to charity, with the specific charity to be selected through community voting. DOGS previously had a built-in feature for purchasing with Telegram Stars at a 1:1 exchange rate, which could be directly purchased with fiat currency.
Token Unlocking:
Starknet (STRK) will unlock approximately 64 million tokens at 8:00 am on July 15th Beijing time, accounting for 4.92% of the current circulation, worth about $35.6 million;
Optimism (OP) will unlock approximately 10 million tokens at 8:00 am on July 15th Beijing time, accounting for 0.89% of the current circulation, worth about $17 million;
CYBER (CYBER) will unlock approximately 886,000 tokens at 10:00 am on July 15th Beijing time, accounting for 3.81% of the current circulation, worth about $3.7 million;
July 16th
Exchanges:
South Korean Crypto Exchange GDAC to Close on July 16
South Korean cryptocurrency exchange GDAC announced that it will cease operations on July 16. Starting from 11:00 local time on June 24, cryptocurrency trading services on GDAC will no longer be available.
Project Updates:
Layer 1 Blockchain Platform Chromia Plans to Release Mainnet MVP on July 16
Layer 1 blockchain platform Chromia is expected to launch its mainnet in mid-July. Chromia simplifies the construction of Web3 applications through a SQL-like programming language called Rell. ChromaWay company plans to release the minimum viable product version of its mainnet on July 16 to establish the core functionality of the network. Chromia will bridge its native token CHR to facilitate core functions such as staking delegation and network hosting fee payments.
Nigeria Central Bank Accuses Binance of Unauthorized Trading, Court Adjourned to July 16
Nigeria's money laundering trial against Binance and two of its executives took place on July 5. Nigeria's Deputy Central Bank Governor Olubukola Akinwunmi testified in front of Justice Emeka Nwite of the Federal High Court in Abuja, asserting that Binance's deposit and withdrawal transactions lack the necessary licenses and regulatory approvals.
During the trial, Akinwunmi stated that Binance's website misled Nigerians into using its platform for Naira transactions through cash links. The platform promoted free deposits and fixed withdrawal fees, activities regulated by the central bank and intended for licensed banks and financial institutions. Akinwunmi explained that Binance also facilitated Naira-to-dollar currency exchanges. He emphasized that traders on Binance often used false names, violating the law requiring the disclosure of real identities in financial transactions. Akinwunmi detailed Binance's P2P trading process, where the buyer transfers Naira to the seller's bank account and confirms the transaction on the platform, prompting Binance to release cryptocurrency or fiat currency. Akinwunmi argued that this service is an unauthorized regulated activity for Binance. After Akinwunmi's testimony, the court adjourned to July 16 for cross-examination by the defendants.
Token Unlocking:
Arbitrum (ARB) will unlock approximately 92.65 million tokens at 9:00 pm on July 16th Beijing time, accounting for 2.87% of the current circulation, worth about $65 million;
Render (RNDR) will unlock approximately 760,000 tokens at 8:00 am on July 16th Beijing time, accounting for 0.19% of the current circulation, worth about $4.7 million;
Axie Infinity (AXS) will unlock approximately 2.45 million tokens at 9:10 pm on July 16th Beijing time, accounting for 1.66% of the current circulation, worth about $13.4 million;
July 17th
Exchanges:
Binance will undergo wallet maintenance at 15:00 (GMT+8) on July 17, 2024. To support this maintenance, all network deposit and withdrawal operations will be suspended at 15:00 (GMT+8) on July 17, 2024. The maintenance is expected to take 1 hour, and deposit and withdrawal operations will automatically resume after the maintenance is completed.
Binance to Remove ARB/TUSD, APE/ETH Leveraged Trading Pairs on July 17
Binance Futures will remove the following leveraged trading pairs on July 17, 2024, at 14:00 (GMT+8):
Cross Margin: ARB/TUSD, APE/ETH, BNB/TUSD, ETH/TUSD
Isolated Margin: ARB/TUSD, APE/ETH, BNB/TUSD, ETH/TUSD, PEPE/TUSD
Token Unlocking:
ApeCoin (APE) will unlock approximately 15.6 million tokens at 8:00 am Beijing time on July 17, accounting for 2.31% of the current circulation, worth about $11.3 million;
Astar (ASTR) will unlock approximately 9.72 million tokens at 8:00 am Beijing time on July 17, accounting for 0.14% of the current circulation, worth about $650,000;
Nym (NYM) will unlock approximately 2.9 million tokens at 8:00 am Beijing time on July 17, accounting for 0.36% of the current circulation, worth about $320,000;
July 18th
Regulatory News:
The U.S. Securities and Exchange Commission plans to hold a closed-door meeting next Thursday (July 18) to possibly resolve the Ripple lawsuit and potential settlement solutions. Although the official agenda has not been disclosed, sources claim that the meeting may address the Ripple lawsuit and potential settlement solutions. An internal notice circulating in the community shows that attendees will include commissioners, commissioner advisors, commission secretaries, and recording secretaries. The notice outlines the meeting agenda, including the formulation and resolution of injunction lawsuits, administrative lawsuits, litigation claims, and other matters related to review and enforcement procedures. While the notice does not explicitly mention the Ripple case, many in the cryptocurrency community speculate that it will be the focus given its significance and the SEC's involvement in multiple legal proceedings.
Exchanges:
Coinbase International Exchange announced that it will begin supporting perpetual futures trading for Curve DAO, Ethereum Name Service, and Constitution DAO starting at 17:30 Beijing time on July 18, 2024, or later. These new markets will be available on the Coinbase International Exchange and Coinbase Advanced platforms, corresponding to the trading pairs CRV-PERP, ENS-PERP, and PEOPLE-PERP, respectively.
OKX Web3 Collaborates with Lumoz to Launch zkVerifier Node Whitelist Activity, Deadline on July 18
OKX Web3 and Lumoz announced a collaboration to launch the Lumoz zkVerifier node whitelist sale activity. From July 11 at 18:00 to July 18 at 00:00 (UTC+8), users have the opportunity to purchase nodes at a minimum 40% discount by completing specified tasks on the OKX Web3 Drops platform. The whitelist quota for this activity is a total of 1000, including 800 Tier 4 nodes (priced at 304 USDT) and more. Lumoz is a leading modular compute layer and ZK-RaaS platform, recently valued at $300 million after completing a new round of financing, and plans to launch its mainnet in Q3 of this year.
Project Updates:
Sanctum to Officially Launch CLOUD Token on July 18 and Open Airdrop Claims
Solana ecosystem liquidity aggregation protocol Sanctum will host a special week-long event from July 15 to 19 to welcome the release of $CLOUD. On Monday, a survival guide for the $CLOUD launch process will be provided. On Tuesday at 15:30 (UTC time), a special conference "Liftoff: CLOUD" will be held in collaboration with JupiterExchange, and the LFG website will go live, allowing users to view airdrop allocations, pre-purchase $CLOUD, and lock positions. On July 18, $CLOUD will be officially released, and users can claim rewards and start trading. A special CLOUD party will be held on July 19.
Optimism to Open Grant Applications on July 18
Optimism launched the 6th season of OP governance on June 27, running until December 11. The theme of this season is "Optimizing Support for Superchains." The governance season aims to advance decentralization, attract more public chains to join superchains, and promote the growth of application developers on superchains. In addition, grant applications will open on July 18 and occur every three weeks. Through this series of measures, Optimism is committed to strengthening the scalability and diversity of its blockchain ecosystem.
Token Unlocking:
Manta Network (MANTA) will unlock approximately 6.67 million tokens at 5:30 pm Beijing time on July 18, accounting for 1.97% of the current circulation, worth about $5.7 million;
July 19th
Regulatory News:
The South Korean State Council today passed the enforcement decree for the "Virtual Asset User Protection Act," which will be effective on July 19. The decree stipulates that virtual asset service providers (VASPs) must secure user deposits through banks. In addition, VASPs have the right to suspend users' cash deposits and virtual asset deposits and withdrawals based on reasonable grounds specified in the law. Earlier reports indicated that the Financial Services Commission plans to establish a virtual asset committee to provide advice on policies and regulations for the cryptocurrency market.
In light of this, 20 cryptocurrency exchanges in Korea, in collaboration with the Digital Asset Exchange Association (DAXA), have jointly formulated self-regulatory guidelines outlining best practices for listing and delisting virtual assets and will re-evaluate 1333 tokens within six months.
Exchanges:
Upbit to Update User Service Terms on July 19, Separating User Custodial Funds from Own Assets
Starting from July 19, 2024, Upbit will revise its user service terms, with the main updates including:
- Extension of the Definition of "Digital Assets": In addition to the existing definition, "digital assets" will be considered to have the same meaning as "virtual assets" in the "Virtual Asset User Protection Act."
- Update to the Definition of "KRW": Users holding "KRW" (Korean Won) will be explicitly granted the right to cash withdrawal requests for the corresponding amount.
- Adjustment to Rejoining Restrictions: If a user repeatedly joins and rejoins more than three times within a year, the rejoining restriction period will change from permanent to a one-year restriction starting from the first withdrawal.
- Management of Custodial Funds: Companies must separate users' custodial funds from their own assets and hold them in custody or trust with reputable institutions.
- Introduction of Custodial Fees: Upbit will reasonably establish and pay users custodial fees for the use of custodial funds.
- User Notifications: When preventing users from depositing or withdrawing virtual assets, the company will notify users in advance or immediately in emergency situations.
- Termination of Support for Virtual Asset Trading: In certain cases, the company may terminate support for individual virtual asset trading and provide at least 30 days of transfer (withdrawal) support after termination.
- Handling of Incorrect Deposit Addresses: In reasonable circumstances, if a user mistakenly deposits funds due to selecting the wrong deposit address, the company may assist in recovery but will charge corresponding recovery fees.
If users do not agree with the updated terms, they can terminate the service contract through the membership withdrawal function or by contacting customer service before July 19, 2024.
Project Updates:
Lista DAO Airdrop Claiming to End on July 19
Lista DAO announced that the claiming period for its LISTA token airdrop will be 30 days, with the deadline set for 16:59 on July 19. Unclaimed tokens will be used to support ecosystem development plans.
Lava Network: Vesuvius Airdrop to Continue Until July 19 Beijing Time
Modular blockchain infrastructure developer Lava Network announced the launch of the Vesuvius airdrop, with the claiming interface open until 4:00 am Beijing time on July 19. The airdrop will distribute approximately 55 million LAVA tokens, accounting for 6% of the total supply, to early users, community members, node operators, infrastructure providers, researchers, and technical contributors.
Token Unlocking:
Pixels (PIXEL) will unlock approximately 54.38 million tokens at 6:00 pm Beijing time on July 19, accounting for 7.05% of the current circulation, worth about $10.1 million;
Euler (EUL) will unlock approximately 51,800 tokens at 4:04 am Beijing time on July 19, accounting for 0.28% of the current circulation, worth about $220,000;
1inch (1INCH) will unlock approximately 364,000 tokens at 8:00 am Beijing time on July 19, accounting for 0.03% of the current circulation, worth about $150,000;
July 20th
Exchanges:
Coinbase Assets on the X platform announced that it will regularly monitor the assets on the exchange to ensure they meet the platform's listing standards. Based on the recent review, the platform will suspend trading for Circuits of Value (COVAL), Rai (RAI), and Wrapped Ampleforth (wAMPL) at around 02:00 on July 20 Beijing time. Trading on Coinbase.com (Simple and Advanced), Coinbase Exchange, and Coinbase Prime will be suspended. The order books for COVAL, RAI, and wAMPL have been moved to limit order mode. Limit orders can be placed and canceled, and matching may occur.
Additionally, Coinbase will suspend trading for Synthetix (SNX) for New York users at around 02:00 on July 20 Beijing time. Trading for New York users on Coinbase.com (Simple and Advanced), Coinbase Exchange, and Coinbase Prime will be suspended. Supported regions will still be able to trade Synthetix (SNX).
July 21st
Political Elections:
According to local media citing anonymous sources familiar with the matter, the Democratic National Committee of the United States is considering formally nominating Biden as early as mid-July. This approach may serve a dual purpose: ensuring the current president's appearance on the ballots of various states in November and quelling rumors within the Democratic Party about the potential replacement of Biden following his poor performance in last week's debate.
Informed sources indicated that the possible date for Biden's formal nomination is July 21, when the Credentials Committee of the Democratic National Convention will hold an online meeting.
In March of this year, the current President of the United States, Biden, and former President Trump each secured the Democratic Party's presidential nomination and the Republican Party's presidential nomination for the 2024 presidential election. Although the formal nomination at the party convention has traditionally been seen as a mere formality, it seems to hold special significance in the current context, with calls for "change" intensifying following Biden's unfavorable debut in the debate. Biden was reported to have "cut off" campaign funding sources and fallen into a "disastrous" situation.
Token Unlocking:
Ethena (ENA) will unlock approximately 14.89 million tokens at 3:00 pm Beijing time on July 21, accounting for 0.87% of the current circulation, worth about $5.9 million;
Specific Time to be Determined Next Week
Project Updates:
Pectra Devnet 1's CL and EL Clients Ready, Testnet Expected to Launch Next Week
According to Christine Kim's summary of the 137th Ethereum Consensus Layer Core Developers' Meeting (ACDC), the meeting discussed the progress of Pectra Devnet 1 and PeerDAS Devnet 1, as well as the fork choice test generation research led by the Consensys research team TxRx.
Regarding Pectra Devnet 1, the CL and EL clients are ready, and the testnet is expected to launch next week. The EF development operations team is testing various client combinations, and the EthereumJS client is ready for testing. As for PeerDAS Devnet 1, EF DevOps engineer Barnabas Busa stated that the CL client team is fixing errors and plans to restart over the weekend. Stokes updated the pull request regarding the modification of the hard-coded blob gas limit on EL and CL and plans to formalize it as an Ethereum Improvement Proposal (EIP).
Market Forecast: Ethereum Spot ETF May Launch During the Week of July 15
Singapore-based crypto investment firm QCP Capital stated, "The market's strong reaction to supply dynamics indicates speculative selling pressure rather than actual spot demand. This may suggest an overbearish market. A catalyst is needed. The Ethereum spot ETF is expected to start trading around July 15. If it receives a positive response, it could boost liquidity and potentially surprise the market with an upward trend. It is recommended to deploy out-of-the-money call options (OTM ERKOs) to achieve a breakthrough with minimal cash outlay and zero downside risk." Related news: The ETF Store President: Ethereum Spot ETF More Likely to Launch During the Week of July 15; Bloomberg Analyst: Ethereum Spot ETF May Start Trading Later Next Week or During the Week of July 15
ether.fi Foundation: Season 2 Claiming to Begin Next Week
The ether.fi Foundation announced on the X platform that Season 2 claiming will begin next week. The team is working to implement the feedback provided by the claiming checker to ensure accurate allocation to users. Once confirmed that accurate allocation has been provided (including the removal of witch addresses), it will go live, and further updates will be provided on a confirmed date. Users are reminded to follow the official link for updates.
免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。
