Compilation: Fairy, ChainCatcher
Key News:
- Forbes Reporter: Harris Campaign Team and Cryptocurrency Industry Leaders to Jointly Attend Meeting in Washington on Monday
- General Deadline for Claims in Terraform Labs Bankruptcy Case Set for August 10, 2024 Beijing Time at 5 a.m.
- FTX Reaches $12.7 Billion Settlement Agreement with U.S. CFTC, Hearing to be Held on August 6
- Simon’s Cat Plans to Launch Meme Coin on Floki Launchpad
- Consultation on the Inclusion of Cryptocurrencies in the €12 Trillion Investment Market by the European Securities and Markets Authority to End on August 7
- Ethereum Privacy Protocol DOP Mainnet to Go Live on Polygon on August 5, Introducing NFT Encryptions Feature
August 5 (Monday)
NFTfi Earn Season 3 Airdrop Claim Period Ends
NFT lending protocol NFTfi Foundation announced on X platform that the Earn Season 3 airdrop has commenced, distributing a total of 30 million NFTFI tokens, and eligible users have 42 days to claim their NFTFI allocation.
The claim period for this airdrop will end at 21:00 on August 5, 2024. Tokens not claimed by then will be returned to the NFTfi Foundation treasury. Eligible users can immediately unstake their NFTFI or keep staking to maintain the Earn Season 4 staking multiplier.
GRVT to Launch Open Beta Testnet on August 5
According to The Block, cryptocurrency exchange platform GRVT will launch its Open Beta testnet on August 5, distributing 2.4 million ZK tokens to the first 30,000 early testers (requires account verification and first transaction).
As per RootData, in March 2024, GRVT completed a $2.2 million strategic funding round, with participation from QCP Capital, Selini Capital, Antelope, Pulsar Trading, and Ampersan. As of now, GRVT's total funding amount has reached $9.3 million.
Forbes Reporter: Harris Campaign Team and Cryptocurrency Industry Leaders to Jointly Attend Meeting in Washington on Monday
Forbes reporter Eleanor Terrett revealed on X that California Congressman Ro Khanna will host another meeting in Washington on Monday, with representatives from the cryptocurrency industry, Democratic politicians, and the Harris campaign team in attendance.
Eleanor Terrett stated that this move represents the efforts of Democratic supporters of cryptocurrency to establish a new starting point with the industry.
Starknet: Set to Launch Starknet v0.13.2 Testnet on Monday, Mainnet to be Released on August 26
Starknet's official social media post announced that Starknet v0.13.2 is coming soon, with the testnet release scheduled for August 5 (Monday) and the mainnet release set for August 26 (Monday), reminding developers to upgrade their full node versions.
L1 Chain Vanar to Open Velocity and Galxe Vanguard Testnet Participant Rewards Claiming on August 5
Layer 1 blockchain Vanar posted on X that all participants in the Velocity and Galxe Vanguard testnets can start claiming rewards from August 5. The official reminder cautioned users to be wary of related fraudulent links.
Parallel L2 Point Collection Program Concludes, Enters Maintenance Phase from August 5
Parallel Network announced that the Parallel L2 point collection program has ended and will retain a snapshot of all user point data. After the program ended on July 24, 2024, assets on the Parallel L2 chain will no longer generate new Parallel points.
Parallel will focus on its core areas and enter a new development phase. Starting from August 5, 2024, Parallel L2 will enter a maintenance phase, during which only withdrawal-related functions will be available. The following pages will enter maintenance mode: Parallel L2 Wallet, Parallel L2 Bridge, Parallel L2 Airdrop Page, Parallel L2 Lending, and Parallel L2 Swap.
Blockchain Game Lumiterra to Launch First Round Closed Beta Test on Ronin on August 5, Offering $1 Million Prize Pool
Blockchain game Lumiterra announced on X that it will officially commence the first round of closed beta testing (CBT#1) on Ronin at 15:00 on August 5, with a total prize pool of $1 million.
Ethereum Privacy Protocol DOP Mainnet to Go Live on Polygon on August 5, Introducing NFT Encryptions Feature
Ethereum privacy protocol Data Ownership Protocol (DOP) announced on X that its mainnet will go live on Polygon on August 5, while also introducing the NFT Encryptions feature.
Previous News, Data Ownership Protocol announced on X platform that the mainnet test version is now live, allowing cryptocurrency users to experience DOP technology on the Ethereum blockchain. The protocol mainly provides encryption, sending, decryption, and staking functions, protecting user data privacy.
MultiversX Plans to Release xExchange V3, Public Testing to be Conducted from August 5 to 7
Highly scalable blockchain platform MultiversX plans to release xExchange V3. Public testing will be conducted from August 5 to 7, and the official launch will follow shortly after. It is stated that they will use the new MultiversX Testing Fork technology instead of devnet/testnet, which was initially built to meet specific xExchange testing needs. Users will be able to directly use their mainnet balances and positions for testing without starting from a new account.
August 6 (Tuesday)
Binance Plans to Upgrade Spot and Margin Trading Systems on August 6
According to the official announcement, Binance will upgrade its spot and margin trading systems on August 6, 2024, at 15:00 (GMT+8). The upgrade is expected to last 10 minutes. During the upgrade, Binance spot and margin trading will not be affected, but app/web/client users will be unable to view the trading history of executed orders during the upgrade. API users will still receive trading history data.
FTX Reaches $12.7 Billion Settlement Agreement with U.S. CFTC, Hearing to be Held on August 6
According to TheBlock, bankrupt cryptocurrency exchange platform FTX and the U.S. Commodity Futures Trading Commission (CFTC) have agreed to a $12.7 billion settlement, pending approval from a Delaware judge. In 2022, the CFTC filed a fraud lawsuit against FTX, former CEO SBF, and its affiliate Alameda, alleging that their actions led to customer losses of $8 billion.
The CFTC initially sought claims of $52 billion. As part of the settlement agreement, the CFTC agreed not to seek any compensation as long as FTX complies with the restructuring plan. FTX will pay up to $12.7 billion in compensation to creditors, depending on available funds. A hearing on the settlement motion will be held on August 6.
FTX filed for bankruptcy at the end of 2022. In May of this year, the FTX bankruptcy trustee announced a restructuring plan, with creditors receiving full cash repayment. Under the plan, creditors with claims of less than $50,000 will be eligible for 118% compensation within 60 days of court approval.
August 7 (Wednesday)
European Securities and Markets Authority Consultation Deadline on Inclusion of Cryptocurrencies in €12 Trillion Investment Market
According to DL News, the European Securities and Markets Authority (ESMA) is consulting on whether cryptocurrencies should be included in investment products, seeking input from the industry and experts. This move is expected to open up a much broader market for cryptocurrencies, far exceeding the market size of Bitcoin spot ETFs.
The plan aims to expand the scope of UCITS (Undertakings for Collective Investment in Transferable Securities) markets, with the UCITS market size reaching €12 trillion. If successful, this would be a key step in mainstreaming cryptocurrencies in Europe, with financial regulatory expert Sean Tuffy stating its potential as a "game-changer."
The consultation deadline for ESMA is August 7, and approval is still pending. Andrea Pantaleo, a lawyer at DLA Piper, stated that the impact of this move will far exceed that of U.S. ETFs, as many fund departments may allocate some liquidity to cryptocurrencies.
August 8 (Thursday)
Ola: Plans to Take Snapshot of Massive Season 2 Token Distribution on August 8
Layer 2 modular ZKVM project Ola announced on social media that the snapshot of token distribution for the mobile ZKP verification network Massive Season 2 will be taken at 8 p.m. on August 8. The accumulated points from the second season will be recorded and used as the basis for eligibility and proportion of Ola tokens.
It is reported that Ola released an announcement soliciting proposals from the community regarding the token distribution for Massive Season 2 and offering 10,000 OVP (Ola Community Points) as a reward.
Enso Finance Conducts Token Public Sale on CoinList Platform, Continues Until Early August 8
CoinList announced that the Enso Finance token public sale started on August 1, 2024, at 01:00 (UTC+8) and will continue until August 8, 2024, at 01:00 (UTC+8). The auction will distribute 5 million ENSO tokens, accounting for 5% of the total supply. The starting price is $8, with a reserve price of $1.5. The token generation event (TGE) is expected to take place around September 15, 2024. EnsoFinance is the world's first intent engine, allowing developers and users to express desired outcomes, thus building truly composable applications.
Simon’s Cat Plans to Launch Meme Coin on Floki Launchpad
According to CoinDesk, animated series Simon’s Cat announced plans to launch a meme coin on the Floki Launchpad, in collaboration with Floki, BNB Chain, and DWF Labs. The related tokens are expected to be issued on August 8, with a portion being airdropped to FLOKI token holders and another portion being distributed to users trading Simon's Cat using the Floki trading bot.
August 10 (Saturday)
General Deadline for Claims in Terraform Labs Bankruptcy Case Set for Beijing Time August 10, 2024 at 5 a.m.
Terra announced on X that in the bankruptcy case of Terraform Labs Pte Ltd (TFL) and Terraform Labs Limited (TLL), the general deadline for claims has been set for August 9, 2024, at 5 p.m. Eastern Time.
If users have any claims against TFL that arose before January 21, 2024, or July 1, 2024, they must submit them before the general deadline.
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