News preview:
- Grass Airdrop One will be held on October 28
- Magic Eden: Test coin TestME will be released on October 29 and will run for 3 days
- Stacks is expected to undergo Nakamoto upgrade on October 29
- Bitfarms to hold special shareholder meeting on October 29 to vote on restructuring board of directors in response to Riot's takeover attempt
- Binance Blockchain Week will open in Dubai on October 30, and Zhao Changpeng will attend in his personal capacity
- Optimism (OP) will unlock approximately 31.34 million tokens at 8:00 am Beijing time on October 31, accounting for 2.50% of the current circulation, with a value of approximately US$49.5 million;
- Sui (SUI) will unlock about 64.19 million tokens at 8:00 am Beijing time on November 1, accounting for 2.32% of the current circulation, with a value of about US$116 million;
- Immutable (IMX) will unlock approximately 32.47 million tokens at 8:00 am Beijing time on November 1, accounting for 1.98% of the current circulation, with a value of approximately US$43.19 million;
October 28
Project News:
Grass Airdrop One will be held on October 28
According to the GRASS Foundation announcement, one of the most widely distributed airdrops in history, "GRASS Airdrop One", will be carried out at 21:30 (Beijing time) on October 28, 2024. This airdrop is an important step in building the first user-owned Internet map.
GRASS tokens will be used for network buybacks, payment of network fees, staking to ensure network infrastructure security, rewarding user contributions, and granting governance rights to holders. Previously, users had to bind their wallets on the Grass Dashboard before 04:00 (Beijing time) on October 15, 2024, and earn 500+ Grass Points in any cycle to qualify for airdrops. Official reminder: airdrops are not yet available, please be careful of scams. All collection operations are limited to the official website, and no on-chain transactions need to be signed.
dYdX releases dYdX v3 sunset process reminder, all trading will stop on October 28
dYdX will shut down its v3 version starting October 28. It posted on the X platform: "dYdX v3 sunset process reminder, all transactions, oracle price updates and fund payments are scheduled to stop at 20:05 Beijing time on October 28. We encourage users to make plans to close positions and withdraw USDC from dYdX v3 smart contracts." According to the previous announcement, this change only affects dYdX v3 users, and users of dYdX Chain, dydx.trade or v4 API are not affected by this change.
Optimism: Season 5 and 6 Superchain Contributors will start voting on October 28
Optimsm posted on the X platform that during Season 5 and Season 6, up to 3.5 million OP will be distributed to contributors to Optimism Governance, which means that contributors from October 2023 to September 18, 2024 will receive rewards. If you contribute to Superchain Governance, the following dates need to be paid attention to:
Registration: September 26 - October 10
Application review process: October 14 - October 28
Voting: October 28 - November 7
Results announced: November 19
Community Activities:
The main conference of Hong Kong Fintech Week will open on October 28 at AsiaWorld-Expo
The theme of the 9th Hong Kong FinTech Week is "Lighting up the New Channel of FinTech" and it will be held from October 28 to November 1. As the world's leading flagship event for FinTech development, the event will align with Hong Kong's vision to lead the future prosperity of the financial services industry and other fields.
Token unlocking:
SingularityNET (AGIX) will unlock approximately 8.07 million tokens at 8:00 a.m. Beijing time on October 28, accounting for 2.11% of the current circulation and worth approximately $430.
Artificial Superintelligence Alliance (FET) will unlock approximately 3.5 million tokens at 8:00 am Beijing time on October 28, accounting for 0.13% of the current circulation, worth approximately $430;
October 29
Project dynamics:
Magic Eden: Test coin TestME will be released on October 29 and will run for 3 days
Magic Eden said on the X platform that the test token TestME will be released on October 29 and will run from October 29 to October 31. Help with claiming test tokens:
- Make sure your wallet is properly set up and linked to the platform
- Familiarize yourself with the process of receiving tokens
- Help the team identify and resolve any potential issues before the official ME token claim goes live
According to previous news , Magic Eden stated that it will apply for ME test coins at the end of this month and then announce the token economics.
Stacks is expected to undergo Nakamoto upgrade on October 29
Stacks announced that it will carry out a major upgrade at Bitcoin block height 867867 (approximately October 29), called the Nakamoto upgrade. This upgrade will introduce "Fast Blocks" and "Bitcoin Finality" mechanisms, aiming to significantly increase transaction speeds and make Stacks the preferred platform for building a scalable Bitcoin ecosystem. After the Nakamoto upgrade, Stacks block production will be independent of Bitcoin block production, and user transactions can be confirmed within a few seconds. At the same time, through Bitcoin finality, the security of Stacks transactions will be consistent with Bitcoin and will no longer be independently forked. In addition, the core development team will launch sBTC this year. This decentralized solution will support the seamless transfer of Bitcoin between L1 and Stacks L2, further promoting the expansion of the Bitcoin ecosystem and the development of decentralized applications.
Bitcoin mining company Bitfarms has officially confirmed that it will hold a special meeting of shareholders on October 29, 2024, in response to a meeting request made by Riot Platforms on June 24. Bitfarms announced on Friday that all shareholders on record on the record date of September 26, 2024 are entitled to participate in the vote, but no additional action is required at this time. Bitfarms said that a special committee composed of independent directors of the board of directors reviewed the meeting request with the assistance of financial and legal advisors and unanimously determined the meeting and record dates.
Regarding Riot's acquisition attempt, Bitfarms argued in a statement that Riot had the opportunity to make relevant requests at the annual shareholders' meeting on May 31, but has not yet brought a new strategic direction to the company. Bitfarms also revealed Riot's strategy of trying to abolish the company's shareholder rights plan by postponing the record date until after the Ontario Securities Commission hearing. To defend against potential acquisitions, Bitfarms implemented a "poison pill plan" in June, setting a cap on share accumulation and plans to raise the threshold in the future. Although Riot Platforms proposed to acquire Bitfarms for approximately US$950 million in April, it withdrew the offer due to "lack of meaningful participation from the current board of directors", but has since continued to increase its holdings of Bitfarms shares and has now become its largest shareholder, holding approximately 14.9% of the shares.
COOK token claims will be launched on Mantle Network and will be listed on exchanges on October 29
The liquidity staking protocol mETH Protocol (formerly Mantle LSP) announced that COOK token applications will be launched on Mantle Network and will be launched before the exchange listing. It is reported that the COOK token is planned to be listed on Bybit and MEXC exchanges at 10 am UTC time on October 29, 2024 (18:00 Beijing time), and more details will be disclosed later.
The Arena postpones ARENA token launch to October 29
The Arena, the social protocol of the Avalanche ecosystem, announced on X that the launch of the ARENA token has been postponed to Tuesday, October 29. Earlier on September 25, The Arena rescheduled the launch of ARENA to between October 1 and 14 .
Web3 Platform Talent Protocol to Launch TALENT Tokens on October 29
Web3 platform Talent Protocol announced on X that it will launch the TALENT token on the Base chain at 20:00 on October 29. TALENT is a Basecoin that aims to build an open reputation ecosystem.
Betting platform Divvy.Bet will conduct TGE on October 29
Divvy.Bet, a betting platform, announced on X that it will hold a TGE on October 29. Before then, users can earn DVY points by participating in betting, providing liquidity, and participating in community activities. Divvy.Bet released the DVY token economics in May, with a total supply of 1 billion tokens, and the specific distribution ratios are as follows: 40% is allocated to the community and ecosystem (staking and betting rewards); 9% is used for private sales; 10% is used for public sales; 5% is used for airdrops; 2.5% is used for liquidity; 8% is used for marketing and cooperation; 10.5% is allocated to the team; and 15% is allocated to the foundation treasury.
Token unlocking:
Velo (VELO) will unlock approximately 182 million tokens at 8:00 a.m. Beijing time on October 29, accounting for 2.47% of the current circulation and worth approximately $230.
October 30
Exchange:
Binance will perform wallet maintenance for BNB Beacon Chain (BEP2) on October 30
Binance will perform wallet maintenance on BNB Beacon Chain (BEP2) at 16:00 (ET on October 30, 2024). To support this maintenance, Binance will suspend deposits and withdrawals for BNB Beacon Chain (BEP2) at 15:55 (ET on October 30, 2024). The maintenance is expected to take 1 hour, and deposits and withdrawals will be automatically resumed after the maintenance is completed.
Project News:
Base mainnet will introduce fault proof on October 30
The Base mainnet will introduce fault proofs on October 30, marking an important step towards decentralization. With the introduction of this mechanism, anyone can monitor and challenge invalid withdrawal transactions without permission, eliminating the need for third-party trust. The Base team said that they have been working closely with Optimism to ensure that fault proofs are successfully launched and upgraded safely. During the upgrade, all pending withdrawal transactions will need to be re-verified.
The second application of Bitlayer Booster Grant Program will close on October 30
Bitcoin Layer2 network Bitlayer posted on the X platform that the Bitlayer Booster Grant Program has selected 11 innovative projects into the finals. These projects will have the opportunity to receive up to $1 million in incentive support, covering ecosystem construction in areas such as BTC-Fi, AI, and NFT. The shortlisted projects include RollDex, Bullishs, Cygnus Finance, DeAgentAI, Desyn, Fun Worlds, Jasper Vault, Trusta Labs, Umoja, UXUY, and Xenobunny. The second application deadline is October 30.
Former FTX executive Nishad Singh to be sentenced on October 30
Court records show that former cryptocurrency exchange FTX executive Nishad Singh will be sentenced on October 30. He testified against FTX co-founder Sam Bankman-Fried, and another co-founder Gary Wang will be sentenced on November 20.
Community Activities:
Changpeng Zhao, former CEO of Binance, posted on X platform: “I will attend the Binance Blockchain Week in Dubai from October 30th to 31st in my personal capacity. This is one of the largest Web3 events this year. See you then.”
Token unlocking:
Celestia (TIA) will unlock approximately 175.6 million tokens at 10:00 pm Beijing time on October 30, accounting for 79.75% of the current circulation, with a value of approximately US$941 million;
Ethena (ENA) will unlock approximately 12.86 million tokens at 3:00 pm Beijing time on October 30, accounting for 0.47% of the current circulation, worth approximately $450;
Eigenlayer (EIGEN) will unlock approximately 1.29 million tokens at 3:00 a.m. Beijing time on October 30, accounting for 0.69% of the current circulation and worth approximately $380.
October 31
Exchange:
Coinbase International will launch ApeCoin perpetual futures contracts on October 31
Coinbase International Station announced on the X platform that Coinbase International Station and Coinbase Advanced will add support for ApeCoin perpetual futures contracts. The APE-PERP market is expected to open at or after 17:30 on October 31, 2024, Beijing time.
Binance will support Kaia (KLAY)'s rebranding to Kaia (KAIA). Binance will stop trading and delist all existing KLAY spot trading pairs (KLAY/BTC and KLAY/USDT) at 11:00 (ET) on October 28, 2024, and will automatically remove all pending orders. Binance will open KAIA/USDT spot trading at 16:00 (ET) on October 31, 2024.
Project News:
BNB Chain will host the 4th BNB Incubation Alliance (BIA) during BBW Dubai on October 31, 2024
BNB Chain announced that it will host the fourth BNB Incubation Alliance (BIA) during BBW Dubai on October 31, 2024. The event aims to help startups and developers achieve real business success and cross the chasm, providing an opportunity to showcase their projects to investors and industry leaders. Highlights include presentations from multiple nominated projects and multiple venture capital firms and incubators including Binance Labs serving as judges. The event will also hold panel discussions on key topics such as DeFi and Stablecoins, as well as Web3 Consumer and Social. In addition, BIA provides fast-track opportunities for the BNB Chain Most Valuable Builder (MVB) program.
In an interview with Bloomberg, Gary Gensler, chairman of the U.S. Securities and Exchange Commission (SEC), sent a "Sweet Sixteen" blessing to the 16th anniversary of the release of the Bitcoin white paper. In the interview, he said that the SEC will continue to maintain its current "enforcement and supervision" strategy for crypto assets, emphasizing the importance of protecting investors and the healthy development of the market. Gensler declined to comment on Trump's remarks that he plans to replace him if he is re-elected as president in 2024. The day before the interview, the SEC's review department listed crypto assets as a key regulatory target in 2025. Although there is controversy about Gensler's regulatory approach, he did not reveal any intention to change the current policy. The Bitcoin white paper was released on October 31, 2008, and this year will usher in its 16th anniversary.
According to the announcement on OneKey's official website, in order to improve service quality and optimize product experience, the OneKey Card Service will be gradually closed. The specific schedule is as follows: Starting from September 30, 2024, new registration and recharge functions will be stopped; on October 31, 2024, all remaining balances will be safely transferred to the user's wallet and can be withdrawn at any time; on January 31, 2025, the OneKey Card Service will be completely stopped.
DeFi protocol Elixir will launch the first phase of the mainnet on October 31, starting the process of full decentralization
DeFi protocol Elixir announced on X that it will launch the first phase of the mainnet on October 31, a short stage before the launch of the mainnet, marking the beginning of Elixir's transition to full decentralization. On that day, Elixir will start the timer for its Genesis Institutional Validator Program and the release of the public mainnet. After a short network stability test in this stage, control will be transferred to the community as the public mainnet goes online. At this time, eligible users can claim ELX, run a validator, or delegate ELX to an existing validator. ELX will become a key component of the network and will ensure the integrity and functionality of the Elixir consensus, including governance rights of the protocol. In addition, Elixir also announced the launch of the Apothecary mainnet phase, which will distribute 750 million potion rewards to active community participants, deUSD minters/holders, and order book LPs in the next 10 months before the public mainnet goes online.
Token unlocking:
Optimism (OP) will unlock approximately 31.34 million tokens at 8:00 am Beijing time on October 31, accounting for 2.50% of the current circulation, with a value of approximately US$49.5 million;
Tribal Token (TRIBL) will unlock approximately 22.07 million tokens at 8:00 am Beijing time on October 31, accounting for 19.06% of the current circulation, with a value of approximately US$13.4 million;
November 1
Policy supervision:
This week, the U.S. state of Oklahoma passed a bill aimed at protecting the state's citizens' right to self-custody of digital assets. The bill was signed by Governor Kevin Stitt and will take effect on November 1, 2024. The bill was sponsored by four Republican lawmakers and explicitly prohibits "restricting or prohibiting" state residents from using self-custody wallets or hardware wallets to self-custody digital assets. In addition, residents of the state can legally mine cryptocurrencies at home and in industrial fields, but must comply with noise regulations. The bill also stipulates that individuals and companies engaged in digital asset mining, staking and other activities do not need to obtain a currency transmission license, and prohibits discriminatory electricity prices for digital asset mining companies. Residents do not need to pay additional taxes when using cryptocurrencies to pay for goods and services.
The New York State Department of Financial Services (NYDFS) issued new guidelines on May 30 to strengthen customer service standards for virtual currency entities (VCEs). The guidelines will take effect on November 1. The New York State Department of Financial Services said that these comprehensive guidelines are intended to ensure that VCEs have a strong customer service mechanism that can handle customer issues in a timely and effective manner. VCEs should keep their customer service policies updated and comply with all relevant laws and regulations.
The guidance requires VCEs to establish and maintain effective customer service procedures, including multiple channels for submitting requests and complaints, such as telephone and electronic text mechanisms. In addition, VCEs must provide customers with regular updates and estimated resolution times, track request status, and publish accessible FAQs. If artificial intelligence (AI) tools are used in customer service, customers must be informed at the beginning of the interaction and given the option to escalate the issue to a human representative. VCEs must also provide NYDFS with quarterly data detailing the number of customer service requests and complaints received, the method of submission, and the subject matter handled. These reports must also include the average time to resolve each issue. The regulator will review these records to assess the effectiveness of the policies and procedures implemented through ongoing inspections and supervisory monitoring.
Project News:
Argent launches Telegram accelerator program, application deadline is November 1
Starknet ecosystem smart contract wallet Argent and Starknet Foundation jointly launched the Telegram Accelerator Program, which aims to connect Telegram's 1 billion users to the Ethereum and Starknet ecosystems. The program will support up to 20 high-quality teams to develop small Telegram applications. Each team will receive $25,000 in start-up funds and have the opportunity to receive up to $1 million in follow-up funding after successfully completing the project. The accelerator program lasts for 7 weeks, and the application period starts on October 10 and ends on November 1. The team will use the Argent Telegram wallet SDK and Starknet's Layer 2 expansion technology to develop small applications covering games, DeFi, SocialFi and other fields.
Singapore's OCBC Bank will stop processing all Russia-related transactions from November 1
OCBC, Singapore's second-largest bank, will stop processing all Russia-related transactions from November 1 to reduce its risk exposure to Russia, which is subject to global sanctions. The move includes stopping personal remittances, cargo transportation, and the supply or sale of goods or services involving Russia. According to people familiar with the matter, OCBC has notified its customers, including private banking customers, that the decision was made due to operational challenges in regulatory compliance. OCBC has stopped opening new accounts for customers related to Russia since the outbreak of the Russo-Ukrainian war in 2022. In March 2022, Singapore imposed unilateral targeted sanctions on Russian-related cryptocurrency trading activities.
BoostVC, Draper Associates, and Thesis have launched the BitcoinFi accelerator program, which aims to "support founders in bringing the next wave of innovation to Bitcoin." The program encourages applications across three core areas: Infrastructure, DeFi, and SocialFi. Participants receive $150,000 in initial funding in exchange for 5% equity and the opportunity to receive follow-on investment from a network of investors. The accelerator is currently open for applications until October 23, followed by two selection phases. The final winner will be announced on November 1, and the first batch of classes will start on November 4 and run until December 13.
TON Gateway 2024 will open on November 1st
TON Gateway is an important annual event of the TON community, hosted by TONSociety and powered by the TON blockchain. It will be held at the Grand Hyatt Dubai Convention Center from November 1st to 2nd.
Token unlocking:
Sui (SUI) will unlock about 64.19 million tokens at 8:00 am Beijing time on November 1, accounting for 2.32% of the current circulation, with a value of about US$116 million;
Immutable (IMX) will unlock approximately 32.47 million tokens at 8:00 am Beijing time on November 1, accounting for 1.98% of the current circulation, with a value of approximately US$43.19 million;
ZetaChain (ZETA) will unlock approximately 53.89 million tokens at 8:00 am Beijing time on November 1, accounting for 11.72% of the current circulation and worth approximately US$36.6 million;
Cardano (ADA) will unlock approximately 18.53 million tokens at 8:00 a.m. Beijing time on November 1, accounting for 0.05% of the current circulation, worth approximately $6.2 million.
DYDX (DYDX) will unlock approximately 8.33 million tokens at 8:00 am Beijing time on November 1, accounting for 1.29% of the current circulation and worth approximately US$8.1 million;
Delysium (AGI) will unlock approximately 34.38 million tokens at 8:00 am Beijing time on November 1, accounting for 2.85% of the current circulation, with a value of approximately US$550;
Crown by Third Time Games (CROWN) will unlock approximately 4.63 million tokens at 8:00 a.m. Beijing time on November 1, accounting for 2.18% of the current circulation, worth approximately $140.
Manta Network (MANTA) will unlock approximately 1.87 million tokens at 7:59 am Beijing time on November 1, accounting for 0.49% of the current circulation and worth approximately US$120;
November 2
Project News:
Solana on-chain mining project Ore posted on the X platform that more than 11,000 OREv1 tokens (55%) have been upgraded to the new version of ORE, and the remaining v1 token holders must complete the upgrade before November 2. After this date, old OREv1 tokens will no longer be eligible for upgrade.
November 3
None
Multiple times/to be determined
Policy supervision:
At 22:30 on Monday, the U.S. Dallas Fed Business Activity Index for October will be released;
At 1:00 on Tuesday, Bank of Canada Governor Macklem will participate in a fireside chat at a conference;
Tuesday at 22:00, US JOLTs job vacancies for September and US Conference Board consumer confidence index for October;
At 18:00 on Wednesday, the preliminary annual GDP rate of the euro area in the third quarter, the industrial sentiment index of the euro area in October, the final consumer confidence index of the euro area in October, and the economic sentiment index of the euro area in October will be released;
Wednesday 20:15, U.S. ADP employment data for October;
At 20:30 on Wednesday, the preliminary value of the annualized quarterly rate of real GDP in the third quarter of the United States, the preliminary value of the quarterly rate of real personal consumption expenditure in the third quarter of the United States, and the preliminary value of the annualized quarterly rate of the core PCE price index in the third quarter of the United States
At 18:00 on Thursday, the preliminary annual CPI rate of the euro area in October, the monthly CPI rate of the euro area in October, and the unemployment rate of the euro area in September;
At 20:30 on Friday, the seasonally adjusted non-farm payrolls in the United States in October, the unemployment rate in the United States in October, and the monthly rate of average hourly wages in the United States in October;
At 21:45 on Friday, the final value of the US S&P Global Manufacturing PMI for October will be released.
