Upcoming events this week: Optimism's Bedrock upgrade on the mainnet will take place on June 7th; Circle will launch native USDC on Arbitrum.
Selected Events:
Voyager: Proposed amendments to the liquidation process have been submitted, and a hearing will be held on June 6th.
Optimism mainnet Bedrock upgrade will be conducted on June 7th, and the system will be shut down for 2 to 4 hours during the upgrade.
The Apple Developer Conference WWDC23 will be held from June 6th to June 10th, and is expected to launch the first VR/AR headset.
Circle will launch native USDC on Arbitrum on June 8th.
June 5th
The cryptocurrency trading platform Coinbase announced that its derivatives trading platform, Coinbase Derivatives Exchange, which is regulated by the US Commodity Futures Trading Commission (CFTC), will launch its institutional futures products on June 5th, including Bitcoin and Ethereum contracts.
The Coinbase Bitcoin (BTI) futures contract and Coinbase Ether (ETI) futures contract have a size of 1 BTC and 10 ETH per contract, respectively, and can be traded through third-party futures commission merchants (FCMs) and brokers.
Gnosis Chain announced that after careful consideration and evaluation, it has decided to discontinue the native bridge between BNB Chain and Gnosis Chain. Specific considerations include low traffic and the availability of alternative solutions.
After this announcement, the bridge will be decommissioned according to the following steps: 1. 21 days after the publication of this announcement (i.e. March 27, 2023), the bridge from BNB Chain to Gnosis Chain will be disabled, while users can still bridge from Gnosis Chain to BNB Chain. 2. 90 days after the publication of this announcement (i.e. June 5, 2023), the bridge between the two directions will be disabled, and the entire bridge will be decommissioned.
From June 5th to June 11th, the games released by Mysten Labs will include "Onenet: Bushi", "Lucky Kat: Panzerdogs", and "Orange Comet: The Walking Dead".
CoinList will launch NEON sale on June 9th and registration is now open.
According to official sources, CoinList has announced that it will launch the sale of Solana EVM-compatible solution Neon EVM Token NEON at 1:00 AM on June 9th Beijing time. The sale will offer 50,000,000 NEON tokens, accounting for 5% of the total circulation, at a price of $0.1. Registration is now open and will close at 12:00 UTC on June 5th.
Cosmos ecosystem Neutron's token NTRN issuance plan will end on June 5th.
The Cosmos ecosystem's Neutron has announced its token NTRN issuance plan: the issuance plan for NTRN will end on June 5th, and tokens from airdrops and liquidity auctions will begin linear release within three months. Locked tokens will still be granted voting rights, and liquidity mining rewards can be withdrawn immediately.
BlockBeats previously reported that on May 12th, Neutron, a Cosmos ecosystem permissionless CosmWasm smart contract platform, went live on the mainnet, becoming the first Cosmos blockchain to launch using "Replication Security".
June 6th
Voyager: Proposed amendment to the liquidation procedure submitted, hearing scheduled for June 6th
Voyager posted on social media that on May 27th, the liquidation plan administrator submitted a proposed amendment to the liquidation procedure. According to the amendment, the plan administrator will retain all unsupported tokens until it can be determined whether and to what extent these tokens can be liquidated.
This amendment was formulated based on certain statements from the SEC. These statements require the plan administrator to take additional action on certain cryptocurrencies on the Voyager platform.
Specifically, the plan administrator plans to seek clarification from the bankruptcy court regarding the liquidation of unsupported tokens and, if necessary, supported tokens, in accordance with applicable non-bankruptcy laws (such as securities laws).
There is currently no timetable for when the court will provide clarification. A hearing on the revised liquidation procedures is scheduled for June 6. If the bankruptcy court approves the revised liquidation procedures, the plan administrator will initiate the initial distribution of supported tokens as soon as practicable.
According to the official announcement, Binance will support the Optimism (OP) network upgrade and hard fork. The specific arrangement is as follows: Binance is expected to suspend the deposit and withdrawal of OP tokens at 23:30 on June 6th to support the network upgrade and hard fork of Optimism (OP) on June 7th at 00:00. During the network upgrade and hard fork, OP trading will not be affected.
Apple has announced the schedule for its annual Worldwide Developers Conference (WWDC23), with the keynote set to take place at 1:00 AM Beijing time on June 6th, and the Platforms State of the Union at 4:30 AM Beijing time on June 6th. WWDC23 will be held online from June 6th to June 10th in Beijing time, and is free for all developers to participate in.
Apple has invited multiple journalists and creators in the VR/AR field to attend this year's WWDC developer conference, including Ian Hamilton, editor of UploadVR, and Norman Chan, who frequently tests AR/VR products. This indicates that Apple is likely to launch related products and services in this field, such as the first VR/AR headset.
June 7th
BlockBeats News, on May 16th, Optimism, the Ethereum Layer 2 scaling solution, announced that its mainnet upgrade, Bedrock, will take place on June 7th, during which the OP mainnet will be shut down for 2 to 4 hours.
Additionally, during the upgrade, transactions, deposits, and withdrawals will not be possible, and the OP mainnet will be offline. Node operators will need to deploy a new node for Bedrock. Bedrock is a new generation decentralized Rollup infrastructure developed by OP Labs, aimed at providing modularity, simplicity, and Ethereum equivalence for Layer2 networks. Bedrock will also improve the security and resilience of the OP mainnet cross-chain bridge.
During the upgrade period, all Synthetix contracts on Optimism will be inaccessible due to the Optimism shutdown. Once the Bedrock upgrade is complete, all functions and contracts will be unlocked and accessible.
The U.S. House of Representatives will hold a hearing on Web3 and blockchain on June 7th.
The Chairman of the Energy and Commerce Committee of the United States House of Representatives, Cathy McMorris Rodgers, and the Chairman of the Subcommittee on Innovation, Data, and Business, Gus Bilirakis, announced that a hearing entitled "Building Blockchains: Exploring Web3 and Other Applications of Distributed Ledger Technology" will be held on June 7 at 10:00 AM Eastern Time (June 7, 22:00 Beijing Time) to strengthen the United States' "leadership position" in blockchain technology.
Yellen will testify before the Financial Services Committee on June 7th, and Powell will also attend the Financial Services Committee meeting at the end of June.
According to Reuters, a spokesperson for the US House Financial Services Committee confirmed that Treasury Secretary Yellen will testify before the committee on June 7th. Previously, conservative Republicans publicly questioned Yellen's proposal to set X days after June 1st as the debt ceiling. Patrick McHenry, chairman of the House Financial Services Committee, said, "I want to believe in the Treasury Department's math, but they must show their work. If the White House team and President Biden don't have a sense of urgency, we will raise more questions about this." It is reported that Federal Reserve Chairman Powell will also attend the Financial Services Committee meeting at the end of June.
According to the governance page, Erin Koen, one of the managers of the Uniswap Foundation, is soliciting proposals from the Uniswap community on "how to allocate approximately 4.4 million ARB." The proposal period will last for two weeks until June 7th. At that time, proposals that have received community feedback should be incorporated into a new temperature check proposal according to the approved governance process.
Horizen Network is expected to undergo a hard fork upgrade on June 7th at 21:00.
According to CoinDesk, developers of the Web3.0 privacy platform Horizen confirmed earlier this week on GitHub that the Horizen network is expected to undergo a hard fork upgrade on June 7th. Node operators have been asked to update to Zen v4.0.0 by May 31, 2023. This upgrade will enhance Horizen's sidechain version 2 and fix some minor errors encountered in the current node version.
Messari data shows that the hard fork is scheduled for Horizen mainnet block height 1,363,115 (expected to be at 21:00 on June 7, 2023 Beijing time).
Bittrex's lawyer told a Delaware bankruptcy court on Wednesday that its US and Malta subsidiaries have processed withdrawals worth $425 million since the exchange announced the closure of its US business on April 1. Bittrex representative Susheel Kirpalani stated that Bittrex did not engage in collateral or loans, nor did it put customer deposits at risk, but this made it difficult to generate revenue, especially as regulatory environments began to restrict trading.
The US subsidiary holds $50 million in customer cash and $250 million in customer cryptocurrency, while the Malta subsidiary holds $120 million in customer cash and cryptocurrency. Both assets are matched with liabilities.
Bittrex announced on March 31 that it plans to exit the US market due to regulatory and economic uncertainty. On April 17, the US Securities and Exchange Commission (SEC) charged Bittrex with operating as an unregistered exchange, broker, and clearing agency. Judge Brendan Shannon stated that the next hearing will be held on June 7.
The Bank of England has launched a consultation on digital pound and the deadline for comments is June 7, 2023.
According to the official website of the British government, the Bank of England has launched a consultation on digital pound, inviting the public to comment on the research and development plan for the upcoming digital pound. The deadline for comments is June 7, 2023.
June 8th
Circle will launch native USDC on Arbitrum on June 8th
Circle will launch native USDC on Arbitrum starting June 8, 2023. Arbitrum states that this token will become the official version of USDC recognized within the Arbitrum ecosystem and will eventually replace the current bridged version of USDC from Ethereum. Prior to the launch of native USDC on June 8, Arbitrum will rename the Ethereum bridged version of USDC to "USDC.e" on the block explorer.
Kenya's Ministry of Finance proposes levying a 3% transfer tax on digital assets
According to Bloomberg, the Kenyan Ministry of Finance plans to impose a 3% transfer tax on digital assets in the next budget year. The Kenyan government will announce the national budget on June 8th.
June 9th
Wemade will launch its DeFi services Kurrency and Konverter on the WEMIX3.0 mainnet on June 9th.
South Korean listed gaming company Wemade has announced that it will launch new DeFi services, Kurrency and Konverter, on the WEMIX3.0 mainnet on June 9. Kurrency allows participants to deposit tokens as collateral to mint WCD (WEMIX Crypto Dollar) for staking and trading. DEX Konverter will provide exchange between WCD and various stablecoins. In the future, Kurrency and Konverter are expected to expand cross-chain to multiple chains.
Reflexer Finance community proposes to launch a decentralized stablecoin fork project HAI on Optimism, with an initial anchor price of 1 US dollar, instead of an arbitrary value like RAI's 3.14 US dollars. The governance token for HAI will be called KITE. KITE governance will be enabled on the first day of HAI launch. Over time, 20% of HAI governance tokens (KITE) will be used for FLX buyback and burn. Like RAI, HAI will use a PI controller and may use similar parameters. HAI collateral types include ETH, RAI, stETH/rETH, LSD, as well as assets on Optimism such as OP and UNI. The proposal states that the testnet launch is expected on June 9th, and the mainnet launch is expected at the end of July.
Welcome to join the official community of BlockBeats by LuDong
Telegram subscription group: https://t.me/theblockbeats
Telegram communication group: https://t.me/theblockbeatsApp
Twitter official account: https://twitter.com/BlockBeatsAsia
Welcome to join the official BlockBeats community:
Telegram Subscription Group: https://t.me/theblockbeats
Telegram Discussion Group: https://t.me/BlockBeats_App
Official Twitter Account: https://twitter.com/BlockBeatsAsia
Related Articles
