Next week's highlights
Ethena Labs launches the second season event Sats, expected to end on September 2;
Polygon will launch the MATIC migration to POL plan on September 4;
TON: The Open League's sixth season is scheduled to start on September 4;
Matrixport: The market is about to respond to the U.S. non-farm payroll data released on September 6;
Sonic testnet will go live next week.
More events worth paying attention to in the industry from September 2nd to September 8th are as follows.
September 2nd
Binance will suspend the fixed-rate service for 7 and 30 days of pledge borrowing on September 2
According to the official announcement, based on the latest evaluation results, Binance will suspend the fixed-rate service for 7 and 30 days of pledge borrowing on September 2, 2024, 12:00 (GMT+8).
Starting from September 2, 2024, 12:00 (GMT+8), users will not be able to create new fixed-rate pledge borrowing orders or extend existing orders, including users using the SAPI endpoint. It is recommended that users stop using the relevant endpoints before the above date. Ongoing fixed-rate pledge borrowing orders will not be affected until the orders expire.
Note: VIP fixed-rate borrowing orders will not be affected by this service update.
According to WazirX's announcement, it plans to hold its first Townhall meeting at 16:00 on September 2 to discuss the proposed restructuring and moratorium application.
Earlier this week, WazirX announced that it had requested six months from the Singapore High Court to restructure its debt. This will initiate a 30-day automatic moratorium. The court has yet to determine the hearing date for the approval of the moratorium. The moratorium will provide Zettai with breathing space to restructure, which is the most effective way to resolve the cryptocurrency balances on the platform and facilitate the recovery of users.
Starknet will enable a test vote on activating the STRK staking feature on September 2
Starknet's test vote period for enabling the STRK staking feature will be from September 2 to September 4, 2024, and the voting period will be from September 9 to September 13, 2024. Starknet stated that it will introduce the STRK staking feature into the Starknet ecosystem, and STRK holders will have the opportunity to express their opinions on the proposed minting mechanism and the conditions for modifying its parameters. Although the exact deployment schedule for this feature has not been determined, staking is expected to start in October.
Ethena Labs launches the second season event Sats, expected to end on September 2
According to official sources, USDe developer Ethena Labs announced the launch of the second season event Sats, which will be supported by BTC. The second season event will last for 5 months until September 2, or until the USDe supply reaches 5 billion USD, whichever comes first. It is reported that if users do not engage in any activities that violate the airdrop rules in the near future and add any new USDe to the same wallet in the new incentive plan, users who participated in the first season will receive a 20% increase in Sats in the second season.
In addition, Ethena Labs announced new partnerships, including MakerDAO and Morpho, Mantle, Pendle, and EigenLayer Points, as well as additional Pendle pools. The USDe Pendle pool on ETH L1 will reopen on April 2.
September 3rd
Binance plans to update request weight adjustment and WebSocket user data request on September 3
According to the official announcement, Binance will update request weight adjustment and WebSocket user data request on September 3, 2024, 14:00 (GMT+8). Binance encourages users to switch to the updated version endpoint for better performance and functionality.
Stylus Season is scheduled to go live on the mainnet on September 3
Layer 2 scaling solution Arbitrum announced that in preparation for the launch of "Stylus Season" on September 3, they have updated the appearance of the official website. Stylus is a new feature of Arbitrum, and the website provides development libraries and code examples, documentation and video tutorials, as well as user experience sharing.
September 4th
The crypto advocacy group Stand With Crypto will start a tour in multiple states in the United States from September 4, hoping to convert its 1.3 million online registrations into votes supporting the cryptocurrency industry.
The organization stated that the first stop in Arizona will be attended by U.S. Senator Kyrsten Sinema (Independent from Arizona) and senior Republican state legislator and interim speaker of the Arizona House of Representatives, Travis Grantham, as well as crypto entrepreneurs. After the event in Phoenix, Stand With Crypto will also go to several other key swing states, such as Nevada, Michigan, Wisconsin, and Pennsylvania. (CoinDesk)
Polygon will launch the MATIC migration to POL plan on September 4
Polygon Foundation announced on X that it will launch the MATIC migration to POL plan on September 4. In the initial stage, POL will replace MATIC as the native gas and staking token for Polygon PoS, and in the subsequent stage, POL will play a key role in AggLayer.
TON announced that The Open League's sixth season is scheduled to start on September 4, with additional updates to be released. TON stated that it will take a temporary break and then improve The Open League to bring positive changes, elevating the competition to a new level.
PancakeSwap announced that it has extended the deadline for claiming the ZK airdrop to September 4, 18:30. This will be the only extension, and all unclaimed tokens will be returned to PancakeSwap for future development.
September 5
The deadline for retrospective public goods fundraising applications for the fifth round of Optimism is September 5, with 8 million OP tokens to be rewarded to OP Stack contributors from October 2023 to July 2024.
THORChain's native blockchain will undergo a hard fork upgrade on September 5 at 00:00 Beijing time, expected to take place at block height 17561740. During the routine upgrade coordination by validators, THORChain will temporarily suspend sending, swapping, and other operations.
Shiba Inu marketing team member Lucie announced that Shiba Eternity has opened testing permissions for LEASH stakers and will open testing for NFT holders on September 5, including The Shiboshis and The Shiba Eternity Lore series.
September 6
Matrixport released a chart stating that the market is about to respond to the U.S. employment data released on September 6. It mentioned that September historically has a negative return rate for Bitcoin, and this year, there is additional pressure due to various factors, including the outlook for the U.S. tech industry after Nvidia's earnings forecast, Federal Reserve policy decisions, and the upcoming U.S. presidential debate between Harris and Trump.
Mode, a Layer 2 network built on OP Stack, has extended Season 2 until September 6, distributing 500 million MODE tokens (5% of the total supply) for the airdrop and providing up to 1 million OP tokens through various incentive activities.
September 7
- No information available.
September 8
- Eigen Foundation reminded users that the deadline for claiming Season 1 EIGEN stakedrop is less than 30 days away, and users should apply through the official website before 14:59 on September 8, 2024. Additionally, more details about Season 2 will be announced later this month (August).
Other (specific time not determined)
Russia will begin trial use of cryptocurrency for cross-border payments next week to circumvent international sanctions. The legislation was passed at the end of July and quickly signed into law by President Vladimir Putin, allowing the use of cryptocurrency for cross-border payments while maintaining the ban on using cryptocurrency as legal tender for regular payments within Russia.
Sonic Labs announced that the Sonic testnet will go live next week.
The Arena announced that it will transition to the V2 points system and launch the Arena Uprising event starting next week. The final week of V1 points will be this week, and the last V1 points airdrop will be distributed on Monday, September 2. From that point, the team will convert the points system to V2 points, marking the beginning of Arena Uprising. The event will continue through token releases and allow users to earn points based on actions, community milestones, and badges achieved. More information about ARENA and Arena Uprising will be released this week and next week.
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