Next week's highlights
DOGS extends airdrop claim period again, TGE to be held on August 26;
Orderly Network announces ORDER token TGE on August 26;
Sharpe AI to open Season 1 airdrop eligibility query on August 27;
Stacks Foundation: Nakamoto upgrade to be activated on August 28;
Klaytn and Finschia's new brand Kaia to go live on mainnet on August 29;
GammaSwap to conduct GS token TGE on August 30, with 2% supply for airdrop;
UniSat founder: Fractal plans to activate on mainnet starting September 1;
WazirX: More details on the restructuring process will be provided next week.
More events to watch in the industry from August 26 to September 1.
August 26
OKX plans to adjust some index components on August 26
According to the official announcement, in order to further enhance the market liquidity and index stability of the leverage, delivery, and perpetual business lines, and to prevent market risks, OKX plans to adjust some index components on August 26, 2024, from 5:00 to 8:00 PM (UTC+8). After the adjustment, the index will be calculated based on the prices of the new components and their corresponding new weights. The indices involved include BETH-USDT, BETH-ETH, BLUR-USD, and BLUR-USDT.
OKX reminds that due to recent market fluctuations, the adjustment of index components may cause price fluctuations in the index and corresponding leverage and contract markets. After the adjustment of the position rules, the maintenance margin rate of user positions may increase. To prevent forced liquidation caused by rule adjustments, please reduce the actual leverage ratio in a timely manner through position closing, reduction, or additional margin to control risks.
WazirX: Withdrawal of INR balance will no longer be suspended on August 26
WazirX released an important announcement regarding the subsequent steps for the withdrawal of Indian Rupee and cryptocurrency: Unfortunately, users have been unable to withdraw cryptocurrency from their platform accounts for a period of time, and resuming cryptocurrency withdrawals is not that simple. Due to a network attack and substantial loss of ERC-20 token balances due to theft, the available token assets are insufficient to repay the platform users' debts arising from token balances. After careful evaluation and understanding of all user feedback, WazirX has decided to lift the suspension of INR balance withdrawals on August 26, 2024, and INR withdrawals will be enabled in phases. Next, the platform will soon submit an application to the High Court of Singapore to ensure sufficient time for restructuring according to the plan.
According to Coinbase Assets, to complete a code upgrade, Coinbase plans to suspend Polygon PoS trading and sending and receiving services from August 26 to September 10. Coinbase reminds users not to deposit Polygon MATIC, VOXEL, USDC, CBETH, and WETH into Coinbase during this upgrade period. MATIC and POL on Ethereum are not affected. Updated services will be provided after the upgrade.
Starknet to release Cairo 2.7.0, with mainnet upgrade planned for August 26
According to the Starknet community, Cairo 2.7.0 is set to be released. Currently, 2.7.0-rc.3 is available for community testing. This version involves the upgrade of Sierra to v1.6.0, which means contracts written with v2.7.0 can only be deployed on Starknet 0.13.2 (inclusive) and above.
The testnet upgrade is scheduled for August 5, and the mainnet upgrade is planned for August 26.
DOGS extends airdrop claim period again, TGE to be held on August 26
The DOGS community announced on Telegram that as of the time of publication, over 8 million verified users have requested to directly deposit their DOGS into exchanges and Telegram wallets.
Due to the addition of claim options, the official decision is to change the TGE date again. The updated schedule is as follows: the claim window for exchanges and Telegram wallets will be open until midnight on August 24; non-custodial wallet claims will open at 4 PM on August 26; TGE and token listing will take place at 8 PM on August 26.
Orderly Network announces ORDER token TGE on August 26
Orderly Network, a full-chain derivative liquidity layer, announced the TGE of the ORDER token on August 26. Users can claim all airdrops on the same day, and staking activities will begin on the same day.
August 27
Sharpe AI to open Season 1 airdrop eligibility query on August 27
Sharpe AI announced the details of its Season 1 airdrop, with the following key points: the total airdrop allocation accounts for 13% of the token supply (i.e., 130,000,000 SAI), which will be distributed through multiple rounds of airdrops; the snapshot date for Season 1 airdrop is set for August 25, 12 AM UTC; TGE will commence at 1 PM UTC on August 27; SAI airdrop eligibility query will open on August 27.
Officially, it has strategically chosen to keep the total number of SAI tokens for Season 1 airdrop confidential to maintain market integrity and prevent speculative activities targeting pre-market orders. The allocation structure is as follows: Sharpe points and Gold Medal holders: the majority of tokens will be distributed to the most active users on the platform; Social XP holders: a portion will be allocated to Galxe and Intract's Social XP holders.
Odaily Note: For users with a loyalty score of 0 on Galxe, the Galxe leaderboard snapshot has been completed, and the corresponding points will be considered for distribution in Season 1's airdrop.
August 28
Stacks Foundation: Nakamoto upgrade to be activated on August 28
Odaily News Stacks Foundation recently announced that the final code for the Nakamoto upgrade will be sent to network operators on August 28, and the activation window will be opened. Network operators will upgrade Cycle 92, and after the Signer successfully switches from Cycle 92 to Cycle 93, core developers will choose the final hard fork block.
The Nakamoto upgrade aims to significantly improve security and speed by increasing transaction throughput, achieving "100% Bitcoin finality," and reducing the value extractable by Bitcoin miners (MEV).
In addition, the project's non-custodial, programmable 1:1 Bitcoin-backed asset sBTC is expected to be ready for mainnet launch "within four weeks after the Nakamoto hard fork."
Odaily News User Erebos announced that according to the Elixir official page, ETH withdrawals will be enabled on August 28, but existing potion of withdrawal users will be penalized 50% and distributed to users converting to deUSD (decentralized synthetic USD), meaning Season 1 LP will be forced to remain until Season 2.
August 29
Klaytn and Finschia's new brand Kaia to go live on mainnet on August 29
According to official sources, Finschia stated that with the establishment of the Kaia DLT Foundation in the Dubai International Financial Center and the Abu Dhabi Global Market (ADGM), most of the preparations for the Kaia mainnet launch have been completed and will go live on August 29, 2024.
Earlier in April, the Klaytn Foundation stated that since the Klaytn/Finschia chain merger proposal "Project Dragon" was approved, the two teams have been working hard, and today they introduced the new brand kaia. It is reported that kaia is an open-source, transparent, and permissionless public chain suitable for everyone.
August 30
GammaSwap to conduct GS token TGE on August 30, with 2% supply for airdrop
Odaily News Arbitrum DeFi structured product GammaSwap recently announced the launch of its governance token GS's LBP on August 30, with airdrop distribution to follow.
According to its token economics, the total supply of GS is 1.6 billion, with 37% allocated to the treasury, 23% to the core team, 17% to investors, 15% to liquidity mining and staking, 5% to LBP, 2% to airdrop, and 1% to advisors.
Core team: 12-month cliff, followed by linear vesting over 24 months;
Private investors: 12-month cliff, followed by linear vesting over 18 months.
Saga: Vault 4 airdrop claim window closed, distribution to take place on August 30
Odaily News Saga announced that the Vault 4 airdrop claim window is now closed and distribution will take place on August 30.
September 1
UniSat founder: Fractal plans to activate on mainnet starting September 1
Odaily News UniSat founder and CEO Lorenzo stated on X platform that rapid progress has been made in smart contract and cross-chain bridge implementation. Regarding smart contracts, Fractal launched OP_CAT in the testnet reset today (August 13) and plans to activate it on the mainnet starting September 1. As for the cross-chain bridge, 3 to 5 methods for transferring assets from the Bitcoin mainnet to Fractal are being developed. It was also mentioned that there is a strong developer plan aimed at driving practical applications of Bitcoin expansion. In the coming years, the Bitcoin system has four pillars: compatibility, composability, parallelism, and scalability. Fractal is strengthening these four aspects in different ways.
Compatibility: Native support for BRC-20, RUNE, and some other Bitcoin protocols, and a modular approach to make them interoperable and compatible with Bitcoin;
Composability: Gradual activation of an advanced Bitcoin virtual machine to build modern applications within TapRoot (to maintain compatibility at the blockchain level). They are also experimenting with an off-chain execution model, namely brc20-swap (which may become Fractal Swap or PizzaSwap in the future);
Parallelism: UTXO model and stateful transaction chains (tx-chains) enable the provision of locally executed services without interfering with other services, achieving high localization and efficiency without concern for global state;
Scalability: Viewing the Bitcoin blockchain as a pillar of a new system that needs to have thousands of Fractal instances built around it. Bitcoin as a blockchain only needs to remain in existence. The scalability of the entire system is the key.
Others (Specific time undetermined)
WazirX: More details on the restructuring process will be provided next week
Odaily News WazirX announced on X platform: "The decision we have made to take the restructuring path may cause some concerns, but we want to emphasize that this is the most favorable and legal way to address the current crypto-related issues.
We believe this direction is in the best interest of platform users and allows us to move forward effectively. Unfortunately, external parties without investments in the platform may try to prolong this situation for their own reasons. Their intent seems to be to maintain uncertainty rather than seek solutions.
Our main goal is to help users recover funds as much as possible while exploring ways to increase value. Rest assured, we are constantly evaluating all available options, but as mentioned earlier, these solutions take time and patience.
In addition, we are actively seeking various legal avenues and bounty programs to recover stolen assets. These efforts are ongoing, and we remain fully committed to achieving the best outcome for users.
More details on the restructuring process will be provided next week. Please remember, this is not bankruptcy or liquidation—those paths take years to resolve. Please be cautious of individuals who may try to guide you to make choices for their personal gain.
Unfortunately, some people are trying to take advantage of this situation for their own benefit. We encourage everyone to focus on achieving the most effective and prompt solution through the restructuring."
Jupiter releases ecosystem token API and standards, plans to deprecate old API by the end of August
Odaily News Jupiter released the ecosystem token API and standards on the X platform. The new API enhances trading functionality and immediately displays tokens from new markets, with related tokens being verified daily, added to the trusted list, and subjected to rigorous testing by the Jupiter community and users. It is reported that the new API is built on the Metropolis infrastructure.
Jupiter stated that it will identify impersonating tokens with popular names and symbols and remove them from the API. It will also ban certain tokens based on community reports, protect the symbols of top ecosystem tokens, and continuously improve over time to ensure community safety.
Jupiter announced that it plans to deprecate the old API within a month by the end of August 2024. The new API response is roughly similar to the old API, so it is hoped to be an easy migration.
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