Must-watch next week | Trump connects with Musk; FTX creditors need to vote on liquidation process (8.12-8.18)
Next weeks highlights
Trump: An interview with Elon Musk will be held next Monday night ;
The new CPI data will be released soon ;
gm.ai: GM will be launched on August 14 (possibly delayed) ;
Grayscale: New CEO appointment will take effect on August 15 ;
From August 12 to August 18, more noteworthy events in the industry are previewed below.
August 12
Trump: An interview with Elon Musk will be held next Monday night
Odaily Planet Daily reported that former US President Trump said he would interview Tesla CEO Elon Musk on Monday night (local time). (Jinshi)
Binance will update margin liquidation fees at 14:00 on August 12
According to the official announcement, Binance will update the margin liquidation fee at 14:00 on August 12. The margin liquidation fee for full-position margin professional mode will be updated from 2% to 3%, and the margin liquidation fee for single-position margin margin will be updated to 2%.
Aleph Zero plans to launch the EVM mainnet on August 12
Odaily Planet Daily News: Layer 1 privacy-enhanced blockchain Aleph Zero announced on the X platform that it plans to launch the EVM mainnet on August 12.
Odaily Planet Daily News: The dYdX Foundation published a statement on the X platform, stating whether the dYdX community should add
The on-chain vote for @zerolendxyz has been opened and will end at 15:16 UTC on August 12, 2024. The current number of votes is 46,707,390 DYDX, with 100% of the votes in favor of the proposal.
August 13
Immutable to shut down Immutable X marketplace on August 13
Odaily Planet Daily News Immutable recently announced that it will close its Immutable X market on August 13 and cease operations on September 27. The Immutable X market was originally launched to demonstrate the capabilities of the Immutable SDK, and now it will focus on supporting third-party markets rather than maintaining its own trading platform. However, users of the Immutable market do not need to take any additional steps for their assets. All NFTs and tokens are stored on the blockchain, tied to the users wallet address, and can be accessed in different markets using the Immutable global order book. (NFT Plazas)
August 14
New CPI data will be released soon
Odaily Planet Daily reported that the new Consumer Price Index (CPI) will be released next Wednesday. It is expected that the overall data and core indicators (excluding food and energy) will increase by 0.2% compared with June.
Odaily Planet Daily News Scroll Yu X announced that it will carry out Darwin Proof Recursion upgrade on August 21, which will reduce the gas fee by about 34%.
With the Darwin hard fork, multiple batches of proofs will be bundled into one validity proof, reducing verification costs. Scroll will deploy the upgrade on the Scroll Sepolia testnet on August 14, and then on the mainnet.
gm.ai: GM will be launched on August 14, and the airdrop will start about 24 hours before trading.
Odaily Planet Daily News gm.ai posted on the X platform that GM will be launched on August 14. The official list of CEX/DEX, Launchpads and partners will be gradually announced this week, and the airdrop for pre-sale participants will start about 24 hours before trading.
Odaily Note: Dexter, the founder of Whales Market, later posted on the X platform that he had been talking to primary and secondary market CEXs over the past two days, and they all advised not to launch this month, especially if a launchpool approach was to be adopted. The market situation is still being monitored, and if the current market trend continues, the release of GM may be postponed again.
Marinade Finance will launch the Stake Auction Market (SAM) mainnet on August 14
Odaily Planet Daily News: Marinade, the liquidity staking protocol on Solana, released a roadmap update on X. Marinade Finance will launch the Stake Auction Market (SAM) mainnet on August 14, launch the reward report generator in the third quarter, and launch native instant unstaking, SAM-based accelerated delegation, and betting recommendations in the fourth quarter.
August 15
Odaily Planet Daily News Grayscale announced on the X platform that the appointment of new CEO Peter Mintzberg will take effect on August 15, 2024, when Peter Mintzberg will also join the Grayscale board of directors. Michael Sonnenshein has resigned, and during this period, Grayscale CFO Edward McGee will serve as CEO to lead the company.
Odaily Planet Daily News Optimism announced that the fifth round of retroactive public goods funding (Retro Funding 5: OP Stack) will be open for application on August 15 and close on August 29. 8 million OP will be used to reward OP Stack contributors from October 2023 to August 2024. The review process for this round of applications will be conducted from August 30 to September 13, voting will be conducted from September 14 to September 28, and the results will be announced and the grant will be delivered on October 3.
It is reported that this round of funding will reward contributors through Ethereum core contributions, OP Stack research and development, and OP Stack tool development.
Kinto: Engen-related K claims will end on August 15
Odaily Planet Daily News Layer 2 network Kinto posted on X that Engen holders have less than two weeks to claim Engen K allocations. Please log in to Kinto to claim them in time. Engen-related K claims will end on August 15.
August 16
Odaily Planet Daily News: OKX revealed in an email sent to Nigerian customers on July 17 that the company will withdraw from Nigeria and stop providing services to all Nigerian customers.
OKX said the main reason for ceasing services in the country was “recent changes in local laws and regulations” and set a deadline of August 16, 2024 for users to access the platform’s features.
After the deadline, Nigerian users can only access the platform to withdraw funds or close positions. (Cointelegraph)
Arbitrum community launches vote to unlock token utility by enabling ARB staking, ends on August 16
Odaily Planet Daily reported that according to the Snapshot governance page, Frisson, head of Tallys market operations, initiated a proposal vote in the Arbitrum community to unlock token utility by enabling ARB staking. The voting will end on August 16.
The proposal proposes to unlock ARB utility by enabling ARB staking and improve the governance and security of the Arbitrum protocol, but will not enable the distribution of fees to token holders for the time being. Through ARB staking, token holders will be able to capture value by delegating tokens to users who actively participate in governance. The proposal will also implement a liquid staked ARB token (stARB) through the Tally protocol, which can automatically compound any future rewards, can be (re)staked, and is compatible with DeFi. In addition, the initiator of the proposal stated that it will work with the Arbitrum DAO to decide whether and how to fund the rewards and distribute the rewards between token holders and delegators.
Adidas and Doodles launch a limited edition NFT package, available for purchase until August 16
Odaily Planet Daily reported that sportswear giant Adidas has partnered with the Ethereum NFT series Doodles to sell virtual gift packages, supporting buyers to purchase exclusive physical clothing.
Adidas and Doodles said in a joint statement that these limited-edition collector packs will be available for purchase until August 16, with two items in each pack. The Adidas Originals x Doodles online store shows that the retail price of a single pack is $4.99, while the price of 2 to 100 packs ranges from $8.49 to $374.99.
Some of the collaborations include physical collectibles featuring Deysi, the digital mascot from Pharrell Williams and Coi Lerays new song Not in the Store. The collectibles include Deysi tracksuits and Superstar shoes, each limited to 200 pieces. (Decrypt)
August 17
Odaily Planet Daily News: The liquidator of FTX Digital Markets Ltd. has recently initiated the next stage of the liquidation process. FTX.com customers need to choose whether to participate in the official liquidation procedure in the Bahamas (the Bahamas Process) or the Chapter 11 case in the United States (the U.S. Process), and must make a choice before 4:00 am on August 17.
FTX Digital Markets’ liquidators will host QA sessions to help clients understand the selection process. The QA sessions are open to all FTX.com clients, with no pre-registration required, and the first QA session will take place on July 31 at 19:00.
DRIFT token airdrop claim is now live and will end at 2 am on August 17th
According to the Drift Foundation’s announcement on the X platform, the DRIFT token airdrop claim is now online. The claim period is 3 months and will close at 18:00 UTC on August 16, 2024 (2:00 am Beijing time on August 17). In addition, the bonus has begun to unlock. The airdrop for all eligible drifters has two components: initial allocation and bonus allocation.
An initial allocation is available at launch, with bonuses unlocking linearly over 6 hours, fully unlocking at 6pm UTC (2pm ET).
August 18
None
Others (specific time undetermined)
Odaily Planet Daily reported that the US Democratic Party launched the Crypto for Harris campaign and plans to hold a virtual town hall meeting next week. The lineup of speakers includes billionaire entrepreneur and cryptocurrency advocate Mark Cuban, SkyBridge Capital founder and Trump critic Anthony Scaramucci, and a few Democratic members of the House of Representatives. Senior Democratic Senate leaders have also been invited to speak at next weeks virtual town hall meeting, which is open to the public and will discuss ways to support Harris campaign and promote fundraising initiatives.
Crypto for Harris currently has about 50 members, with its main organizers consisting of industry players and policy experts.
“The U.S. must continue to lead in blockchain and cryptocurrency, and organizations like Crypto for Harris are working hard to ensure the right policies are in place and conversations are taking place to ensure this outcome,” said Jonathan Padilla, CEO of Web3 marketing firm Snickerdoodle and one of the advocacy organizers.
Harris added two former crypto advisors to her campaign in the past week: David Plouffe, a former member of Binances advisory board, and Gene Sperling, a former board member of blockchain payments company Ripple. (FOX Business)
Odaily Planet Daily News Cosmos cross-chain smart contract platform Neutron officially stated that it has resumed block production and a related review report will be released next week. The network is currently running stably and related activities have been resumed.
This article is sourced from the internet: Must-watch next week | Trump connects with Musk; FTX creditors need to vote on liquidation process (8.12-8.18)
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