Highlights Preview:
- Avalanche (AVAX) will unlock approximately 9.54 million tokens at 8:00 am on August 20th, Beijing time, accounting for 2.41% of the current circulation, with a value of approximately $194 million.
- OKX and Bybit will officially launch the DOGS/USDT spot trading pair at 8:00 pm on August 20, 2024, Beijing time.
- The Jackson Hole Global Central Bank Annual Meeting hosted by the Kansas City Fed will be held from August 22nd to 24th. Fed Chairman Powell is scheduled to speak on the economic outlook at 10:00 pm on August 23rd, Beijing time.
- The Japanese Diet will convene on August 23rd to discuss the issue of central bank interest rate hikes.
- Babylon: The first phase of the Bitcoin collateral mainnet will be launched next week.
- EigenLayer is testing support for permissionless tokens, and this feature will be deployed to the mainnet next week.
August 19th
Policy and Regulation:
The Democratic National Convention will be held in Chicago from August 19th to 22nd.
Exchanges:
Upbit will suspend USDT trading on August 19th due to server maintenance
According to the Upbit announcement, the USDT market server will undergo maintenance from 13:00 to 15:00 on August 19th (UTC+8), lasting about 2 hours. During the maintenance period, USDT market trading will be suspended.
Upbit plans to implement multiple new service terms on August 19th, including new requirements for minimum digital asset deposits and withdrawals.
Project Updates:
Bounce Brand will launch the IDO of TNA Protocol (BN) on August 19th
Decentralized auction platform Bounce Brand released details of the TNA Protocol (BN) token's IDO. The IDO will take place on the Bounce Launchpad platform from 18:00 on August 19th to 18:00 on August 21st, Beijing time. Additionally, Bounce Brand stated that BN will be listed on KuCoin.
Flare Network: The XRP testnet and FAssets public beta will be reset on August 19th.
Token Unlock:
Oasis Network (ROSE) will unlock approximately 151 million tokens at 0:00 on August 19th, Beijing time, accounting for 2.24% of the current circulation, with a value of approximately $8.6 million.
Pixels (PIXEL) will unlock approximately 54.37 million tokens at 6:00 pm on August 19th, Beijing time, accounting for 7.05% of the current circulation, with a value of approximately $7.4 million.
August 20th
Exchanges:
Binance.US will suspend services for users in Washington state on August 20th
According to an official tweet from Binance.US, due to regulatory developments in Washington state, Binance.US will suspend services for users in Washington state on or after August 20, 2024, and close all accounts in the state.
Binance will stop supporting all BIDR products and services, encouraging users to convert BIDR to other tokens before August 20th.
Bybit and OKX will officially launch the DOGS/USDT spot trading pair at 8:00 pm on August 20, 2024, Beijing time.
Project Updates:
DOGS has opened Telegram wallet and CEX token claims, and airdrops will be credited to users' chosen accounts before August 20th.
The CAT token of the Simon's Cat brand will be launched on the TokenFi Launchpad on August 20th.
August 20th
Project Updates:
Floki announced the launch of the CAT token for the well-known cat brand Simon’s Cat on the TokenFi Launchpad on August 20th. The Simon’s Cat token will be exclusively launched on the BNB chain, with a total supply of 90 trillion $CAT. The token distribution includes 30% for presale investors, 18.5% for airdrops to $FLOKI holders, 1.5% for the Floki Trading Bot airdrop, 10% for the Simon’s Cat Foundation, 5% for the treasury, 5% for community growth, 5% for liquidity providers, and 25% for liquidity with a lock-up on the listing day. The presale raised $4.25 million, and the token's market value at listing is $25 million.
Bitdeer plans to issue $150 million in convertible bonds on August 20th for data center expansion
Bitdeer Technologies Group, a Bitcoin mining company under Wu Jihan, announced the pricing of its $150 million 8.50% convertible senior notes public offering. The offering is expected to be completed on August 20, 2024. The notes will mature in 2029, and holders can choose to convert the notes into cash or Class A common stock of the company. The proceeds from this offering will be used for data center expansion, ASIC miner development, and other general corporate purposes. BTIG is the sole book-running manager for this offering.
Token Unlock:
Avalanche (AVAX) will unlock approximately 9.54 million tokens at 8:00 am on August 20th, Beijing time, accounting for 2.41% of the current circulation, with a value of approximately $194 million.
August 21st
Project Updates:
Scroll to launch the Darwin upgrade on August 21st, expected to reduce gas fees by 34%
The Ethereum Layer2 network Scroll will launch the highly anticipated Darwin upgrade on August 21, 2024. This upgrade aims to reduce gas fees by 34% by aggregating proofs into a single validity proof, reducing verification costs. The security of this upgrade has been audited by Trail of Bits.
August 22nd
Policy and Regulation:
The Jackson Hole Global Central Bank Annual Meeting, hosted by the Kansas City Fed, will be held from August 22nd to 24th.
Netherlands International: Fed may signal rate cut at Jackson Hole symposium on August 22-24
Netherlands International Bank stated that the Fed may signal a rate cut at the Jackson Hole symposium on August 22-24 due to the possibility of softening U.S. economic data. This could lead to a further decline in the USD, reducing inflows of safe-haven funds. Analyst Chris Turner mentioned that soft U.S. data and a Fed response would lead to a steeper yield curve, increased risk appetite, and a weaker USD.
Exchanges:
Coinbase International Exchange and Coinbase Advanced will add support for perpetual futures contracts for Cosmos, dYdX, and MANTRA. The ATOM-PERP, DYDX-PERP, and OM-PERP markets will open on or after 17:30 on August 22, 2024, Beijing time.
Project Updates:
The preliminary deadline for filing encrypted loss claims in the Terraform Labs bankruptcy case is 5:00 am on August 22nd, Eastern Time.
Gitcoin Grants 21 will continue until 7:59 am on August 22nd, Beijing time.
Token Unlock:
SPACE ID (ID) will unlock approximately 18.49 million tokens at 8:00 am on August 22nd, Beijing time, accounting for 4.29% of the current circulation, with a value of approximately $6.5 million.
August 23rd
Policy and Regulation:
Fed Chairman Powell is scheduled to speak on the economic outlook at 10:00 pm on August 23rd, Beijing time, during the first full day of the annual economic symposium held by the Kansas City Fed in Jackson Hole, Wyoming. This global central bank annual meeting provides Powell with an opportunity to make the latest assessment of the U.S. economic trajectory and monetary policy outlook between the Fed's July and September policy meetings. Last month, he indicated that if inflation and the labor market continue to cool, the Fed may consider a rate cut at the next meeting.
Japanese Diet to hold meeting on central bank rate hike issue on August 23rd
Sources stated that the Japanese Diet will hold a special meeting in the lower house committee on August 23rd to discuss the central bank's rate hike issue. BOJ Governor Kuroda will attend the parliamentary hearing at 9:30 am local time on August 23rd.
Token Unlock:
Galxe (GAL) will unlock approximately 586,000 tokens at 8:00 am on August 23rd, Beijing time, accounting for 0.47% of the current circulation, with a value of approximately $1.4 million.
1inch (1INCH) will unlock approximately 274,000 tokens at 8:00 am on August 23rd, Beijing time, accounting for 0.02% of the current circulation, with a value of approximately $70,000.
August 24th
No information available.
August 25th
Token Unlock:
Ethena (ENA) will unlock approximately 14.89 million tokens at 3:00 pm on August 25th, Beijing time, accounting for 0.82% of the current circulation, with a value of approximately $4.5 million.
Acala (ACA) will unlock approximately 4.66 million tokens at 8:00 am on August 25th, Beijing time, accounting for 0.46% of the current circulation, with a value of approximately $250,000.
Forta (FORT) will unlock approximately 50,000 tokens at 8:00 am on August 25th, Beijing time, accounting for 0.01% of the current circulation, with a value of approximately $6,000.
To Be Determined
Babylon: Bitcoin staking mainnet phase one to launch next week
Babylon on the X platform announced that the Bitcoin staking mainnet phase one will launch next week, allowing Bitcoin holders to start staking BTC.
The Arena social protocol: Dynamic wallet integration plan to be deployed next week
The Arena, a social protocol in the Avalanche ecosystem, stated on the X platform that the Dynamic wallet integration is almost ready and has been successfully tested. It will be deployed for new users early next week, with plans for a comprehensive migration for existing users later this week.
Meme project Pacmoon announced on the X platform that the snapshot for eligibility to exchange PAC tokens for ARMY has been completed. Token holders during this snapshot period must complete token burning by September 13, 2024, to exchange for ARMY tokens. However, as the snapshot has been completed, users purchasing PAC tokens from now on will not be able to exchange them for ARMY tokens through token burning.
Pacmoon added that it will take a few days to ensure a smooth migration process, and ARMY tokens are expected to launch early next week.
EigenLayer testing support for permissionless tokens, feature to be deployed to mainnet next week
EigenLayer is testing support for permissionless tokens, allowing any ERC-20 token to be added as a re-stakeable asset to the protocol. Eigen Labs stated that this feature will be deployed to the mainnet next week, expanding the range of assets that can provide security for decentralized networks and unlocking the cryptographic economic security of ERC-20 tokens. After completing initial testing on the testnet, EigenLayer will enter the mainnet phase, with user interface support expected to be launched in the late third quarter. Earlier this year, Andreessen Horowitz invested $100 million in Eigen Labs, and the total asset value of the project has now exceeded $12 billion.
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