Next Week's Key Highlights
HashKey will launch a trading platform for retail investors on August 28th;
Farcaster plans to launch V3 version on August 29th;
OpenSea Pro will start charging a 0.5% platform fee for all listings and offers from August 31st;
HashKey Capital will debut a secondary cryptocurrency asset fund on September 1st;
SEC is expected to make a decision on the Bitwise Bitcoin ETP Trust application on September 1st;
SEC is expected to make a decision on the iShares Bitcoin Trust application on September 2nd;
opBNB mainnet is expected to be open to the public at the end of August or beginning of September.
From August 28th to September 3rd, the industry's upcoming events to watch are as follows:
August 28th
Odaily Planet Daily reports that HashKey announced that it will launch a trading platform for retail investors on Monday, the 28th. Livio Weng, Chief Operating Officer of HashKey Group, stated in an interview that initially, retail investors can purchase BTC and ETH, and investment in virtual assets will be limited to no more than 30% of total assets.
Weng stated that a tiered system will be established for retail investors, and through the KYC process, investors' investment experience and risk tolerance will be evaluated. A questionnaire will also be used to assess whether investors have a correct understanding of virtual assets. Novice investors will have relatively limited investment opportunities, and the first batch of retail investors will only be able to purchase BTC and ETH. Margin and derivative instruments are not approved by the regulatory authorities at present. When regulatory approval is obtained in the future, products will be tiered and various products will be introduced to different types of users.
HashKey will collaborate with multiple commercial banks to provide users with fiat currency deposit and withdrawal services, initially supporting USD transactions and not supporting HKD for the time being. Only bank card transactions will be accepted, and credit card transactions are not supported. If a retail investor's investment in virtual assets on the platform exceeds 30% of their total assets, a risk warning will be issued, and investment will be restricted. However, the platform cannot truly verify a user's total assets and can only rely on the information provided by the user.
Weng stated that they will actively communicate with regulatory agencies to promote stablecoin regulation and explore the possibility of approving a certain degree of contract trading and pledging products. It is expected that the launch of derivative products will be relatively challenging. (Sing Tao Daily)
Odaily Planet Daily reports that at the first hearing held at the Seoul Southern District Court, Daniel Shin, co-founder of Terra and former CEO of Chai Corp, requested more time to prepare for his criminal defense through his lawyer. According to Chosun Ilbo, Daniel Shin did not personally attend the hearing.
The court approved the request and scheduled the second hearing for August 28th. The prosecutor expressed disappointment with the ongoing delays. The judge stated, "We will review the lawyer's opinion and reopen the trial preparation date to determine the defense opportunity and questioning order." (CoinGape)
Odaily Planet Daily reports that digital asset management company 3iQ announced that around August 28th, its funds, The Ether Fund and 3iQ Ether ETF, will begin offering staking services to clients, making them the first ETFs in the world to offer such services. 3iQ is partnering with its custodian, Coinbase Custody, to provide secure staking activities for the funds.
3iQ stated that its staking services will provide opportunities for enhanced returns for the funds and their unitholders. Through staking, the funds will receive rewards in the form of ETH, which will be reflected in the funds' net asset value (NAV) as appreciation income, while also increasing the funds' exposure to ETH.
Odaily Planet Daily reports that the decentralized indexing protocol The Graph community proposed a proposal, GIP-0052, suggesting to gradually increase L2 indexing rewards from 5% to 100%, and provided a timetable and implementation process: from 5% to 25% (expected to be achieved in the week of May 8, 2023), then to 50% (expected to be achieved in the week of May 22), 95% (expected to be achieved in the week of July 24), and finally increase to 100% (expected to be achieved in the week of August 28).
The Graph stated that it is expanding to L2 to achieve faster transactions, significantly reduce gas costs, and enable more open participation in the network. Moving indexing rewards from Ethereum to Arbitrum will allow more indexers to operate on L2, while also providing more rewards for curators and delegators.
Odaily Planet Daily reports that the Farcaster ecosystem social app Jam is set to launch the first personal influence token app based on Farcaster and Lens Protocol, and will open whitelist applications for product testing on August 28th. According to the team, Jam will airdrop incentives to creators in the Lens, Farcaster, and Mirror communities, and also plans to airdrop to friend.tech users.
Jam is a community-driven Web3 social DApp, and the team aims to build a creator economy, incentivizing content creators on Web3 social networks and driving the development and innovation of decentralized social networks. (Cointelegraph)
August 29th
Bitstamp: Will delist AXS, CHZ, MANA, MATIC, NEAR, SAND, and SOL in the United States on August 29th
Odaily Planet Daily reports that according to an official announcement, Bitstamp announced that due to regulatory considerations, it will suspend trading of the following cryptocurrencies in the United States from August 29, 2023: AXS, CHZ, MANA, MATIC, NEAR, SAND, and SOL.
This means that new orders involving these assets will be disabled from August 29, 2023, and all existing orders for these trading pairs will be canceled. Users can still hold these assets in their Bitstamp accounts and withdraw them at any time.
To ensure a smooth transition during the trading suspension period, users are advised to execute buy or sell orders involving the affected assets before August 29, 2023. After this deadline, trading activities related to AXS, CHZ, MANA, MATIC, NEAR, SAND, and SOL will be permanently disabled on the Bitstamp platform.
Gitcoin: Grants 18 will end on August 29th, please note the deadline
Odaily Planet Daily reports that Gitcoin tweeted that Grants 18 will end on August 29th (UTC), and users are advised to take note of the deadline. Especially for users in the North American time zone, it is recommended to complete the process by Monday, August 28th.
Odaily Planet Daily reports that Optimism officially announced that OP Mainnet will upgrade the sequencer deployment configuration on August 28th at 17:00 UTC (01:00 on August 29th Beijing time), and the network will pause for about 5 minutes.
It is worth mentioning that the purpose of this upgrade is to achieve zero downtime in future deployment upgrades.
Farcaster plans to launch V3 version on August 29th
Odaily Planet Daily reports that Dan Romero, co-founder of the decentralized social protocol Farcaster, announced on X (formerly Twitter) that Farcaster plans to launch the V3 version on Wednesday, August 29th.
Doodles and Crocs' limited edition clog shoes will be released on August 29th, priced at $120
Odaily Planet Daily reports that the limited edition clog shoes, a collaboration between Doodles and the casual footwear brand Crocs, will be released on August 29th for $120. Buyers will have the opportunity to receive a unique Crocs Box digital collectible, which can be destroyed to unlock two wearable Crocs items and a Stoodio Beta Pass for use in Doodles 2.
The presale for this collection will open to OG holders on August 29th at 00:00 Beijing time and will last for 24 hours at a presale price of $99. The public sale phase will open on August 30th at 00:00 Beijing time and will last for 48 hours.
August 30th
Odaily Planet Daily reports that the Thai SEC announced today that the cryptocurrency trading risk disclosure requirements became effective on July 31st, and from August 30th, digital asset business operators are prohibited from providing or supporting deposit, custody, and lending services, except for the exceptions specified in the notification.
BNB Chain is expected to undergo the Hertz hard fork on August 30th
Odaily Planet Daily reports that BNB Chain has released the mainnet v1.2.9 version. This version introduces the Plato and Hertz (Berlin, London) hard forks, which have undergone comprehensive testing on the testnet and are ready for deployment on the mainnet.
The Plato hard fork is expected to be deployed on August 10th (block height 30,720,096), and the Hertz hard fork is expected to be deployed on August 30th (block height 31,302,048). BNB Chain stated that all validators and full node operators on the mainnet must switch their software version to v1.2.9 before August 10th.
August 31st
Binance will stop spot grid trading services for some spot trading pairs from August 31st
Odaily Planet Daily reports that according to an official announcement, Binance will stop spot grid trading services for some spot trading pairs, including API3/BTC, AXS/ETH, BAT/ETH, and CHESS/BTC, from 18:00 (UTC+8) on August 31, 2023.
Coinbase will suspend USDT, DAI, and RAI stablecoin trading for Canadian users
Odaily Planet Daily reports that Coinbase will suspend Tether (USDT), DAI, and RAI stablecoin trading for Canadian users on August 31st. After the deadline, users can still deposit and withdraw, but trading will be suspended.
In an email notification sent to users on August 17th, Coinbase stated, "We regularly monitor the assets on our trading platform to ensure they meet our listing standards." Based on its review, starting from September, Canadian users will no longer be able to trade the aforementioned stablecoins.
Coinbase released a statement that Coinbase Canada, Inc. has submitted a registration application in certain jurisdictions in Canada but has not yet been registered. Until Coinbase Canada, Inc. is registered, agreement to comply with the commitment terms is required. (Cointelegraph)
StarkWare will open-source the Stone Prover under the Apache 2.0 license on August 31st
Odaily Planet Daily reports that StarkWare announced that it will open-source the Stone Prover (formerly STARK Prover) under the Apache 2.0 license on August 31st. Developers will be able to independently review, optimize, and use the Stone Prover code and build on it. StarkWare stated that the open-source Prover is an important step in the decentralization of Starknet.
Currently, StarkWare has already open-sourced Cairo, Papyrus Full Node, and all Starknet versions, and the upcoming Starknet Sequencer will also be open-sourced.
Odaily Planet Daily reports that according to official information, BNB Chain announced that BNB Greenfield will undergo regular maintenance and be upgraded to v0.2.4 on the testnet version from 14:00 to 18:00 on August 31st. All bucket/objects previously stored on the Greenfield testnet will be cleared and no longer available for querying, and all account balances will be reset.
This will be the final reset before the mainnet, with the main goals being to address errors in previous versions and introduce new features. After the reset, all tBNB on Greenfield will be cleared, and the team is preparing for an airdrop to reward and incentivize advanced users. According to the airdrop rules, users holding less than 10 tBNB will receive the same amount in the airdrop, meaning users will not have to go through the faucet and bridging process again.
In addition, BNB Chain has initiated a demand proposal for the development of a self-hosted solution for BNB Greenfield storage providers, with a submission deadline of August 31st, and the results will be announced on September 4th.
OpenSea Pro will start charging a 0.5% platform fee for all listings and offers from August 31st
Odaily Planet Daily reports that OpenSea Pro announced on Twitter that with the adjustment to how creator fees are charged on OpenSea, OpenSea Pro will start charging a 0.5% platform fee for all listings and offers from August 31st. OpenSea Pro stated that this is to prevent wash trading and maintain accurate platform data.
OpenSea will implement an optional mechanism for royalties on new series works from August 31st
Odaily Planet Daily reports that OpenSea announced that from August 31st, an optional mechanism for royalties will be implemented for new series works, canceling OpenSea's mandatory creator royalty mechanism (Operator Filter). For existing series that implemented the Operator Filter before August 31st, OpenSea will enforce the creator royalty specified on OpenSea until February 29, 2024, after which the creator royalty will be optional.
September 1st
SEC is expected to make a decision on the Bitwise Bitcoin ETP Trust application on September 1st
Odaily Planet Daily reports that Bloomberg ETF analyst James Seyffart shared a chart on Twitter listing the key time points for the review process of Bitcoin spot ETF applications submitted under Form 19b-4. The next deadlines for SEC decisions on the applications are as follows:
The next deadline for the SEC to make a decision on the ARK 21Shares Bitcoin ETF application is August 13, 2023, with the final deadline being December 27, 2024;
The next deadline for the SEC to make a decision on the iShares Bitcoin Trust application is September 2, 2023, with the final deadline being March 15, 2024;
The next deadline for the SEC to make a decision on the Bitwise Bitcoin ETP Trust application is September 1, 2023, with the final deadline being March 14, 2024;
The next deadlines for the SEC to make decisions on the VanEck Bitcoin Trust, Wisdomtree Bitcoin Trust, Invesco Galaxy Bitcoin ETF, and Fidelity's Wise Origin Bitcoin Trust applications are all on September 3, 2023, with the final deadline being March 16, 2024;
The next deadline for the SEC to make a decision on the Valkyrie Bitcoin Fund application is September 6, 2023, with the final deadline being March 19, 2024.
Odaily Planet Daily reports that the UK Financial Conduct Authority (FCA) announced that from September 1st, cryptocurrency businesses in the UK will be required to collect, verify, and share information about cryptocurrency transfers, known as the "travel rule."
Odaily Planet Daily reports that the Texas House of Representatives passed a bill requiring cryptocurrency exchanges to maintain reserves "sufficient to fulfill all obligations to customers." If the bill is passed in the Senate and signed by the governor, it will be officially implemented on September 1st. (Cointelegraph)
Odaily Planet Daily reports that the National Bank of Georgia (NBG) plans to enforce mandatory regulation on virtual asset service providers (VASPs) from September 1st. In addition to VASP regulation, the NBG is also preparing to implement a series of significant restrictions on foreign bank account holders. Starting from September 1st, Russian citizens will not be able to immediately withdraw more than 20% of funds from their savings accounts. (Cointelegraph)
HashKey Capital will debut a secondary cryptocurrency asset fund on September 1st
Odaily Planet Daily reports that HashKey Capital officially announced that it will debut a liquidity (secondary) cryptocurrency asset fund product regulated by the Hong Kong Securities and Futures Commission on September 1st. The fund will be managed by HashKey Capital Limited and is planned to invest in various mainstream virtual assets.
HashKey Capital is a globally focused asset management institution specializing in blockchain and crypto industries. HashKey Capital is committed to providing secure and reliable investment opportunities in the crypto field for institutions and high-net-worth individuals. Since its establishment in 2015, HashKey Capital has experienced multiple crypto cycles. As one of the earliest institutional investors in Ethereum (2015), HashKey Capital has invested in over 500 projects, managing a total asset size of over $1 billion.
CoinList to start Chainflip token sale on September 1st
Odaily Planet Daily reports that CoinList announced the opening of the Chainflip (FLIP) token sale at 1:00 AM Beijing time on September 1st, and registration is now open. The total supply is 4.5 million FLIP (ERC20), with each token priced at $1.83. Upon mainnet launch, 100% of the tokens will be unlocked, with the expected date around October 24, 2023 (date may change within 120 days after the sale ends). Initial purchase limits: minimum $100, maximum $4000, and the registration deadline is 20:00 Beijing time on August 28, 2023.
Chainflip is a decentralized, trustless protocol that allows seamless value transfer between any blockchain (including BTC, EVM, and underlying networks).
dYdX may extend funding program for six months starting from September 1st, proposal under voting
Odaily Planet Daily reports that the dYdX governance page shows that the proposal for extending the dYdX funding program v1.5 is under voting. The proposal suggests extending the remaining budget of the dYdX grant program for another six months. The extension is proposed to start from September 1, 2023, and end on March 1, 2024.
The proposal establishes two new roles: Grantor and Operator. The Grantor will be responsible for RFP, finding and recommending grants, and managing approved grants, while the Operator will be responsible for payments and financial reporting.
The voting for this proposal will end on August 27th, with the current support rate at 100%.
Odaily Planet Daily reports that according to official information, the on-chain derivatives protocol Gains Network contributors and community representatives have collaborated on a plan for GNS token economics, including:
- Redirecting 100% of Dev Fund revenue to GNS staking (Dev Fund currently charges about 16% platform fees);
- Replacing the current governance fund with a new 6/11 multisig;
- Abandoning GNS NFT;
- Redirecting NFT bot revenue to GNS staking and oracle at an 80%/20% ratio;
- Increasing the supply by 4.36 million GNS tokens, or 14% (dev: 1 million GNS, NFT: 3.36 million GNS);
- Increasing GNS yield share from 33% to over 60%;
- Average existing GNS stakers to earn 60% more under the same income;
To compensate for the cost adjustment of the Dev Fund, Gains Network will mint 1 million GNS tokens for compensation, which, at the current GNS price, is equivalent to 1 to 1.5 years of Dev Fund revenue. The minted GNS tokens cannot be sold for at least one year and are eligible for staking to receive protocol rewards. The plan is expected to be implemented on September 1st or later.
September 2nd
SEC expected to make a decision on iShares Bitcoin Trust application on September 2nd
Odaily Planet Daily reports that Bloomberg ETF analyst James Seyffart shared a chart on Twitter listing the key time points for the review process of Bitcoin spot ETF applications submitted under Form 19b-4. The next deadlines for SEC decisions on the applications are as follows:
- SEC's next deadline to make a decision on the ARK 21Shares Bitcoin ETF application is August 13, 2023, with the final deadline being December 27, 2024;
- SEC's next deadline to make a decision on the iShares Bitcoin Trust application is September 2, 2023, with the final deadline being March 15, 2024;
- SEC's next deadline to make a decision on the Bitwise Bitcoin ETP Trust application is September 1, 2023, with the final deadline being March 14, 2024;
- SEC's next deadlines to make decisions on the VanEck Bitcoin Trust, Wisdomtree Bitcoin Trust, Invesco Galaxy Bitcoin ETF, and Fidelity's Wise Origin Bitcoin Trust applications are all on September 3, 2023, with the final deadline being March 16, 2024;
- SEC's next deadline to make a decision on the Valkyrie Bitcoin Fund application is September 6, 2023, with the final deadline being March 19, 2024.
Revolut to suspend cryptocurrency services in the US from September 2nd
Odaily Planet Daily reports that the UK-based fintech company Revolut announced that due to the continuously changing regulatory environment and uncertainty in the US cryptocurrency market, it will suspend cryptocurrency services in the US starting from September 2, 2023. After this date, US customers will not be able to buy cryptocurrencies on the Revolut platform.
Starting from October 3rd, Revolut will implement more comprehensive restrictions, and at that time, US customers will be completely prohibited from accessing cryptocurrencies through Revolut. Therefore, they will no longer be able to buy, sell, or hold any cryptocurrencies. (Decrypt)
September 3rd
Odaily Planet Daily reports that Bloomberg ETF analyst James Seyffart shared a chart on Twitter listing the key time points for the review process of Bitcoin spot ETF applications submitted under Form 19b-4. The next deadlines for SEC decisions on the applications are as follows:
- SEC's next deadline to make a decision on the ARK 21Shares Bitcoin ETF application is August 13, 2023, with the final deadline being December 27, 2024;
- SEC's next deadline to make a decision on the iShares Bitcoin Trust application is September 2, 2023, with the final deadline being March 15, 2024;
- SEC's next deadline to make a decision on the Bitwise Bitcoin ETP Trust application is September 1, 2023, with the final deadline being March 14, 2024;
- SEC's next deadlines to make decisions on the VanEck Bitcoin Trust, Wisdomtree Bitcoin Trust, Invesco Galaxy Bitcoin ETF, and Fidelity's Wise Origin Bitcoin Trust applications are all on September 3, 2023, with the final deadline being March 16, 2024;
- SEC's next deadline to make a decision on the Valkyrie Bitcoin Fund application is September 6, 2023, with the final deadline being March 19, 2024.
Other (Specific dates not yet determined)
Odaily Planet Daily reports that India, currently holding the rotating presidency of the G20, recently announced in a chairman's statement that a "comprehensive document" jointly developed by the IMF and the Financial Stability Board (FSB) is expected to be released by the end of August. According to an informed source, India will push for the establishment of a global crypto law framework during the early September leaders' summit, which may result in the comprehensive document.
Ajay Seth, a senior official at the Ministry of Finance, stated during a G20 media briefing that the universal regulations of the G20 do not exclude any member country from banning crypto within its borders. (CoinDesk)
Odaily Planet Daily reports that an insider stated that a Korean cryptocurrency exchange has signed a share purchase agreement with Gopax to acquire the majority of its shares. As a result, the major shareholder of Gopax is likely to become the new acquirer, and the details have not been disclosed yet. Gopax is expected to officially announce this news next week.
However, an employee of Gopax denied this and stated that they cannot confirm the acquisition.
It is reported that Binance's acquisition of Gopax has been hindered by regulatory pressure from the Financial Services Commission (FSC) of South Korea and the US SEC. In fact, Binance has entered the final stage of completing the acquisition deal, but the SEC's lawsuit has made it difficult to proceed with the acquisition plan. (MTN)
opBNB mainnet expected to be open to the public by the end of August or early September
Odaily Planet Daily reports that according to official information, the opBNB mainnet will be launched in mid-August 2023, initially open to infrastructure providers, and is expected to be open to the public by the end of August or early September. Testing will be conducted for availability, performance, transaction costs, and security before the mainnet launch. Additionally, opBNB will provide multiple grants, builder programs, and funding programs to promote ecosystem development.
As of now, the opBNB testnet has processed over 7 million transactions, connected 435,972 wallets, deployed over 40 dApps, processed over 86,000 blocks daily, and handled transaction volumes of up to 100,000-150,000 transactions daily, with over 6000 daily active users.
After the mainnet launch, opBNB will ensure network resilience and decentralization through key measures such as fraud proof, account abstraction, and decentralized sequencer.
Odaily Planet Daily reports that the NFT lending protocol Backed, created by former Coinbase employees, announced that its team Non Fungible Finance (NFF) has decided to cease operations. However, the Backed protocol, community NFT, and paprMEME will continue to exist, and the interfaces operated by NFF (withbacked.xyz, papr.wtf) will end by the end of August 2023.
The team stated that after running the project for 5 months, they concluded that there was not enough demand to maintain the interfaces or continue development work. The code is open-source and can be used for free.
Odaily Planet Daily reports that the NFT generative art project GEN.ART announced its closure, and the servers will be shut down before the end of August, with only a very limited set of functionalities remaining on the website.
GEN.ART also stated that as part of the closure, the remaining funds in the project's treasury will be distributed to the holders of DAO tokens.
免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。
