Must-watch next week｜SEC will approve spot Bitcoin ETF options; LayerZero witch screening activity is about to end (5.27
Next weeks highlights
Helius CEO: Solana v1.18 is expected to be released on May 27 ;
Stargate: V2 will be launched on May 28 ;
The final phase of the LayerZero witch screening campaign will end on May 31st ;
Backpack: The rewards from past events will be redeemed until May 31st ;
From May 27 to June 2, more noteworthy events in the industry are previewed below.
May 27
Helius CEO: Solana v1.18 is expected to be released on May 27
Odaily Planet Daily News: Mert Mumtaz, CEO of Solana ecological development platform Helius, posted on the X platform that, assuming everything goes well, Solana mainnet v1.18 (used to solve the current congestion problem of the mainnet) looks scheduled to be released on May 27.
Sei V2 mainnet upgrade will be carried out on May 27
Odaily Planet Daily News: Sei posted on the X platform that Proposal 55, Upgrade to V2, has been voted through. The Sei V2 mainnet upgrade will be carried out on May 27.
Odaily Planet Daily News: Memeland announced on the X platform that a new farming task for MON Protocol (MON) has been launched on Stakeland.
MON Protocol has reportedly announced more than 60 partners, with more than 50 in the pipeline. The MON staking platform will be live immediately at the TGE on May 27. MON stakers will receive MEME and other partner tokens.
ZAP: Blast Gigadrops to be launched on May 27
Odaily Planet Daily News: ZAP, a token issuance protocol driven by the Blast ecosystem community, announced on the X platform that it plans to launch the Blast Gigadrops event on May 27, which will last for about 5 weeks with a total prize pool of more than 500,000 US dollars. The event will cooperate with more than 20 other Blast projects.
May 28
London Stock Exchange to Launch Bitcoin and Ethereum Crypto ETN Trading on May 28
Odaily Planet Daily News: The London Stock Exchange said it will launch trading of Bitcoin and Ethereum cryptocurrency exchange-traded funds (ETNs) on May 28, 2024. (TreeNews)
Former FTX executive Ryan Salame scheduled to be sentenced on May 28
Odaily Planet Daily reported that Ryan Salame, a former executive of FTX, will be sentenced in a New York court on May 28 after pleading guilty to criminal charges. It is reported that Ryan Salame pleaded guilty in September to conspiracy to make illegal political contributions and conspiracy to operate an unlicensed money transmission business, and his sentencing was originally scheduled for May 1.
In addition, Caroline Ellison, former CEO of Alameda Research, Gary Wang, co-founder of FTX, and Nishad Singh, former director of engineering at FTX, have also pleaded guilty. (TheBlock)
Blast will be upgraded to support blobs on May 28
Odaily Planet Daily News: Ethereum Layer 2 network Blast said on X platform that Blast will upgrade to support blobs at 5:00 am Beijing time on May 28. After the upgrade, Blast users will enjoy lower gas fees, and Dapps will receive more gas fee income. Infrastructure providers should upgrade to the latest Blast node that supports EIP-4844.
LayerZero Labs: Plans to reopen witch bounty missions on May 28
Odaily Planet Daily News LayerZero Labs announced on the X platform that it plans to reopen the submission of witch bounty tasks on Commonwealth, but requires submitters to pay a 0.5 ETH deposit. Only addresses that have paid the deposit are eligible to submit reports. The deposit will be refunded after TGE, but if the report contains fraud, plagiarism, lack of methodology or spam, the deposit will be destroyed.
It is reported that the specific time schedule for this witch bounty is that you can pay the deposit to the designated address starting at 10:00 on May 25, the 48-hour report submission time will be reopened at 8:00 on May 28, and the submission and deposit payment will end at 8:00 on May 30. Addresses that have submitted reports on Github and paid the deposit will be reviewed first, and successful reports will receive a 10% bounty at TGE.
Stargate: V2 will be launched on May 28
Odaily Planet Daily News Stargate official posted on the X platform that the V2 version will be launched on May 28. Earlier news, the Stargate V2 proposal has been voted through by the community and will introduce transaction batching and dynamic credit allocation.
Waves founder: Sidechain network Units.network testnet activity will start next Tuesday
Odaily Planet Daily News Waves founder Sasha.waves posted on the X platform that the sidechain network Units.network testnet activity will start next Tuesday, followed by the TVL activity, which will start with Waves. During the event, holders who stake or lease WAVES will receive UNIT 0.
According to the official website, the mining token of the first side chain native token UNIT 0 is L2 MP, which can be staked with one of the beacon chain nodes to obtain UNIT 0. 1 million tokens will be produced in the first year and distributed to L2 MP stakers.
May 29
US SEC delays decision on approval of spot Bitcoin ETF options listing to May 29
Odaily Planet Daily reported that according to The Block Pro, the U.S. Securities and Exchange Commission has delayed its decision to approve the listing and trading of spot Bitcoin ETF options until May 29.
Binance will release the latest NFT collection of Cristiano Ronaldo on May 29
Odaily Planet Daily News Binance announced that it will release the latest NFT collection of international football superstar Cristiano Ronaldo C Ronaldo on May 29. Each NFT obtained by collectors is a digital souvenir of Ronaldos profound impact on world football.
This NFT collection is exclusively issued by Binance. The specific NFT quantity and price will be announced on the release date, May 29.
According to the official announcement, in order to optimize the Upbit NFT service, the official will conduct a database inspection. The maintenance time is 05:30-07:30 on May 29th, Korean time (estimated to be about 2 hours). During this period, the Upbit NFT service is unavailable, and NFT recharges and withdrawals based on Ethereum and Polygon chains cannot be performed in the Upbit NFT service.
BNB Greenfield Mainnet Serengeti Hard Fork Scheduled for May 29
Odaily Planet Daily reported that according to the official news of BNB Chain, the BNB Greenfield network is about to undergo an Erdos hard fork. The relevant key time points are: the test network Serengeti hard fork is scheduled to occur at block height 8,285,529. According to the current block interval, it is expected to occur at 07:00 am UTC time on May 16; the main network Serengeti hard fork is scheduled to occur at block height 7,861,456. According to the current block interval, it is expected to occur at 07:00 am UTC time on May 29.
May 30
VAEX will ban Hong Kong users from trading from 10:00 on May 30
Odaily Planet Daily reported that the virtual asset trading platform VAEX plans to ban Hong Kong users from trading from 10 am on May 30.
Earlier news, updated data on the official website of the Hong Kong Securities and Futures Commission showed that the virtual asset trading platform license application submitted by VAEX to the Hong Kong Securities and Futures Commission was withdrawn on May 24.
May 31
Odaily Planet Daily reported that according to official news, the Hong Kong Securities and Futures Commission (SFC) stated that according to the transitional arrangement, virtual asset trading platforms operating in Hong Kong that have not submitted a license application to the SFC on or before February 29, 2024 will have to end their business in Hong Kong on or before May 31, 2024.
Investors should check the regulatory status of their virtual asset trading platforms and should make preparations before May 31, 2024, such as closing their accounts on virtual asset trading platforms that are not on the “List of Licensed Virtual Asset Trading Platforms” or the “List of Applicants for Virtual Asset Trading Platforms”, or transferring to virtual asset trading platforms licensed by the SFC to buy and sell virtual assets.
Applications submitted by applicants on the “Virtual Asset Trading Platform Applicant List” are still being processed and it is unknown whether they will be approved, so there are risks in buying and selling on these platforms.
The SFC strongly urges investors to only trade virtual assets on virtual asset trading platforms licensed by the SFC, as trading on unlicensed platforms may leave them unprotected.
Odaily Planet Daily reported that according to an official announcement, OSL Group (863.HK), a Hong Kong-listed company focusing on digital assets, announced today that its companys shares have been included in the MSCI Hong Kong Index, effective after the close of trading on May 31.
The MSCI Hong Kong Index is one of the MSCI Global Index Series and is a benchmark index used by global institutional investors to guide investment decisions. The index selects companies based on transparent and systematic stock selection criteria such as market capitalization, liquidity and financial health.
The third phase of LayerZero’s witch screening campaign will end on May 31st
Odaily Planet Daily reported that according to LayerZeros official disclosure, this witch purge will be divided into three rounds in total.
The first round is the user self-exposure stage, which will last for 14 days. Users who believe that they are suspected of being a witch can self-expose through the window provided by LayerZero during this stage to retain 15% of the airdrop allocation.
The second stage is the official inquiry stage. LayerZero officials will conduct Sybil screening according to specific rules during this stage. The screening results will be announced on May 18. Addresses found during this stage will not receive any airdrop allocations.
The third phase is the “mutual reporting” phase, which will last from May 18 to May 31. LayerZero encourages community users to report witches to each other. Successful reporters can receive 10% of the airdrop share of the reported address.
The deadline for claiming Backpack past event rewards is 20:00 on May 31st
Odaily Planet Daily News: Backpack posted on the X platform that the deadline for claiming past event rewards will be 12:00 noon UTC on May 31 (20:00 Beijing time).
If users have received rewards in previous events but have not yet claimed them, please go to Backpack Exchange in Questlog to claim them.
Privacy project Ternoa zkEVM testnet plans to launch on May 31
Odaily Planet Daily News: Ternoa, a privacy project based on Ethereum and Substrate, announced on the X platform that the Ternoa zkEVM testnet is scheduled to be launched on May 31. It is reported that Ternoa is supported by TEE coprocessor and Polygon CDK, and uses Avail to achieve cross-chain compatibility.
SERAPH: Contribution Points Doubled event starts on May 20th, preseason ends on May 31st
Odaily Planet Daily News: ARPG dark treasure-hunting blockchain game SERAPH: In the Darkness announced in its official Discord that the preseason is expected to end on May 31. At the same time, it will start the Contribution Points Doubled event at 11:00 Beijing Time on May 20. The consumption of NFT equipment/treasures, crystal consumption, and opening of Chaos Secret Realm treasure chests will double the contributors points.
June 1
Odaily Planet Daily News BlockFi posted on the X platform that, as previously announced, the BlockFi web platform will be shut down at 11:59 pm UTC on May 31, 2024 (7:59 Beijing time on June 1). After this, customers will no longer be able to access the BlockFi platform.
Officials recommend that all customers download their transaction history, tax forms and any other important data from the platform before the closing date.
Earlier news, the cryptocurrency lending platform BlockFi announced a partnership with Coinbase, which will serve as BlockFis distribution partner to ensure that eligible BlockFi interest accounts (BIA), retail loans and private customers can continue to withdraw crypto assets.
BlockFi said that for customers who fail to withdraw digital assets from the BlockFi platform within the specified time, these assets will continue to be available for withdrawal through Coinbase accounts. If customers do not open an approved account with Coinbase, their digital assets may be liquidated for cash.
Dogechain Wallet will be closed on June 1st, please withdraw DOGE in time
Odaily Planet Daily News Dogechain Wallet (dogechain.info/wallet) will be closed on June 1. Mishaboar, one of the developers of Dogecoin, posted on the X platform that users should make sure to remove DOGE from the wallet before the closure on June 1 and keep a copy of the private key to prevent the addresses from being used elsewhere, which will allow users to recover funds that may have been accidentally sent or received in the future.
zkSNACKs will shut down its CoinJoin mixing service starting June 1
Odaily Planet Daily News: Due to the crackdown on privacy tools by US regulators and authorities and the continued pressure from law enforcement agencies, zkSNACKs will shut down its CoinJoin mixing service starting June 1.
Before zkSNACKs shut down its privacy-focused trading tool, the project had already taken other steps to limit its legal liability in the United States. Last week, zkSNACKs announced that it would ban U.S. citizens and residents from using its Wasabi Wallet. (The Block)
Scallop: Sui Overflow Hackathon Advanced Move Track Project Submission Deadline is June 1st
Odaily Planet Daily News: Sui Ecological Lending Protocol Scallop posted on the X platform that the deadline for submission of projects for the Advanced Move Function Track of the Sui Overflow Hackathon sponsored by Scallop is 23:59 UTC on May 31 (7:59 Beijing time on June 1).
Developers can leverage Scallop’s infrastructure to design innovative DeFi solutions for the Scallop Ecosystem Bounty, which offers a bounty pool of $10,000 in SCA tokens.
June 2
None
Others (specific time undetermined)
Gemini Earn to start returning crypto to customers in kind by end of May
Odaily Planet Daily News: Gemini, one of Genesis creditors, announced that it will begin returning the first 97% of crypto assets to customers of its Earn program by the end of May, which will be paid in kind.
This means that customers who previously deposited one bitcoin into Gemini Earn will receive bitcoin instead of being compensated with the dollar value of bitcoin on a specific date (as of November 16, 2022). (The Block)
Odaily Planet Daily News: Yves La Rose, CEO of EOS Network Foundation (ENF), said in a post on the X platform: “Our current goal is to complete the coding, auditing, testing, and submission of the new EOS token economic model as an MSIG (multi-signature proposal) so that it can be deployed to the mainnet by the end of May. After this initial activation phase, our goal is to launch EOS staking rewards by the end of June.”
Ethena Labs releases Q2 update: FDUSD Curve LP pool to be launched next week
Odaily Planet Daily News Ethena Labs released the second quarter update, saying that the main contents include:
1. In early April, 5% of the total supply of ENA was distributed to the community after 6 weeks of activities. The second season will end on September 2 or when the USDe supply reaches 5 billion.
2. 15% of the ENA supply has been allocated to the Ethena “Points” program, which can be increased to a maximum of 20%.
3. FDUSD Curve’s $10 million LP pool will go online at 20:00 next Monday. Users will be able to provide LP on FDUSD＜＞USDe to support liquidity for swaps through FDUSD.
4. New ecosystem integrations will also be launched next week, including FDUSD Curve, Infinex, Karak and Bouncebit.
5. Bybit USDe integration is scheduled to be launched next week.
Renzo: Mainnet withdrawal-related audit work is expected to be completed by the end of May
Odaily Planet Daily News Renzo posted on the X platform that with the successful upgrade to the EigenLayer M 2 contract, the Renzo team will prioritize cooperation with multiple audit companies to prepare for mainnet withdrawals, and the relevant audit is expected to be completed by the end of May.
Loopring: 2.5 million TKO tokens from airdrop will be distributed to the community next week
Odaily Planet Daily reported that Ethereum Layer 2 protocol Loopring posted on the X platform that the protocol has received 2.5 million TKO from Taiko airdrops, which will be distributed to its loyal community users. The airdrop inspection and collection portal will be officially released next week, which will contain more details about the eligibility criteria.
Pacmoon V2 to be launched next week
Odaily Planet Daily News: Pacmoon recently announced on the X platform that version V2 is scheduled to be launched next week.
Additionally, users can now purchase PAC from the Ethereum mainnet.
This article is sourced from the internet: Must-watch next week｜SEC will approve spot Bitcoin ETF options; LayerZero witch screening activity is about to end (5.27-6.2)
Related: Bitcoin’s Q1 Surge: ETFs Spark Boom, but Euphoria Signals Caution Ahead
In Brief Bitcoin sees 69% Q1 rise, sparked by new ETFs and halving anticipation. Warning signs as euphoria peaks; history suggests market pullbacks. LTHs’ MVRV ratio signals nearing peak; profit-taking likely soon. As Q2 2024 unfurls, Bitcoin continues to dominate headlines, boasting a staggering 69% price increase in the first quarter alone. This surge, primarily fueled by the debut of spot Bitcoin Exchange-Traded Funds (ETFs) and the anticipation for Bitcoin halving, underlines a transformative phase for the crypto market. However, Bitcoin’s rally has caused an increase in euphoria, signaling potential market caution. Generally, there are pullbacks or market reversals after the euphoric stage. What Are Warning Signs From Bitcoin’s Q1 2024 Performance According to the “Q2 2024, Guide to Crypto Markets” report by Coinbase Institutional and Glassnode, there are some…
Related articles
English 
繁體中文 
简体中文 
Français 
Deutsch 
Русский 
Español 
日本語 
ไทย 
Tiếng Việt 
العربية 
한국어 
Bahasa Indonesia 
हिन्दी 
اردو 
Türkçe