Upcoming events this week: Over 190 million BLUR tokens will be unlocked; Sotheby's will hold a second auction for Three Arrows Capital's NFT collection.
Selected Events:
BLUR will unlock approximately 196 million coins on June 15th;
Do Kwon will attend the next hearing on June 16th;
Sotheby's will hold the second auction of Three Arrows Capital's NFT collection on June 15th;
LensCN's second hackathon will begin on June 15th;
The Financial Services Committee of the US House of Representatives will hold a hearing on June 14th to provide clarity for cryptocurrency regulation;
Binance.US: Suspends USD deposits, banking partners are preparing to suspend USD withdrawal channels as early as June 13th.June 12th
MetaMask Institutional will integrate Fireblocks
MetaMask Institutional (MMI) has announced its official integration with digital asset custody platform Fireblocks, allowing institutional investors and builders using Fireblocks to access MMI's full suite of services.
It is reported that over 1,800 organizations are already using Fireblocks, and their accounts will be able to connect to MMI, enabling them to trade, borrow, or invest through over 17,000 dApps such as Aave, Lido, and GMX.
1inch has released a proposal seeking $2 million in funding for hardware wallet development.
, DEX aggregator 1inch has released a proposal [1IP-30] seeking $2 million in funding for the development of a hardware wallet product, including both software and hardware deliverables. The aim is to enhance the 1inch ecosystem by building a fully open-source project and providing cutting-edge solutions for DeFi community users to manage their crypto assets in a simple, convenient, and secure way.
According to the official announcement, Binance will perform wallet maintenance on BNB Beacon Chain (BEP2) at 15:00 on June 12, Beijing time, which is expected to take 1 hour. During the wallet maintenance period, the digital assets/tokens trading of BNB Beacon Chain (BEP2) will not be affected. Binance will suspend the deposit and withdrawal services of BNB Beacon Chain (BEP2) at 14:55 on June 12, 2023.
According to the official announcement, Bitget will launch Abyss World on the innovation zone on June 12th and open the AWT/USDT trading pair.
At the same time, Bitget will launch the Launchpool activity with a total prize pool of 3,750,000 AWT. The activity period is from 7:00 pm on June 8th to 7:00 pm on June 13th (UTC+8). Users can stake BGB and invite friends to participate, sharing a total of 2,625,000 AWT. Users who have already staked more than 100 BGB in Launchpool can evenly split 2,500,000 AWT. Inviting friends to complete trading tasks will earn an additional 125,000 AWT reward.
Linea: Alpha v0.2 will be released on June 12th to prepare for the mainnet launch.
ConsenSys' zkEVM project Linea announced that it will release Alpha v0.2 at 20:00 on June 12th Beijing time, preparing for the launch of the mainnet through a substantial architecture upgrade. It is expected that the bridging function will be temporarily suspended for 4-6 hours during this time.
BNB Chain is expected to undergo the Luban upgrade on June 12th.
BNB Chain will undergo a network upgrade called "Luban" at block height 29,020,050, which is expected to take place at 5:30 on June 12th Beijing time. The Luban hard fork includes three BEPs: BEP-126, BEP-174, and BEP-221. Validators and full node operators on the mainnet should switch their software versions to v1.2.4 before June 12, 2023.
BEP-126 introduces the "Fast Finality" mechanism, which makes it impossible to reverse a block once it has been finalized on the network. This reduces the possibility of bad actors performing chain reorganizations. BEP-174 proposes "Cross-Chain Relay Management" to mitigate any potential security issues in the BSC bridge. BEP-221 proposes the "CometBFT Light Block Validation" system, which suggests adding new contracts to blockchains that use CometBFT technology.
June 13th
The Financial Services Committee of the United States House of Representatives announced on its official website that it will hold a hearing titled "The Future of Digital Assets: Providing Clarity to the Digital Asset Ecosystem" at 2:00 PM local time on June 13th (early morning of June 14th Beijing time).
June 14th
According to CoinDesk, the US government opposes the customer fund return plan proposed by the bankrupt cryptocurrency exchange Bittrex, citing reasons such as the Critical Vendor Standard not supporting the plan. Implementing the plan without paying suppliers would cause them to stop providing operations and services to the debtor, leading to the collapse of the debtor's business and making restructuring impossible. The motion is immature in resolving disputed claims and issues. It inappropriately attempts to exclude creditors from the plan, and it is inappropriate to determine the subordinate relationship or classification issues at this time. The hearing related to Bittrex will be held on June 14, 2023.
Previously, after being sued by the SEC, Bittrex sought court permission to allow customers to withdraw their assets without paying litigation fees and delaying litigation.
June 15th LensCN Second Hackathon will start on June 15th
The second LensCN hackathon "Ginkgo" jointly organized by the Lens Chinese community, SeeDAO, and Tako Protocol will officially begin on June 15th. The competition is now open for registration, with a total prize pool of $12,000. This hackathon is open to all innovative applications native to the Lens ecosystem, without specific tracks, aiming to provide a better development environment on the Lens protocol for Chinese developers worldwide.
According to The Block, The Open Network (TON) Foundation has proposed introducing a destruction mechanism that would destroy 50% of all transaction fees on the TON network. If the destruction mechanism is implemented, a portion of these tokens will be destroyed when users conduct transactions on the network, while the remainder will be distributed to validators as usual. Validators will also continue to receive staking rewards for helping to operate the network. The proposal requires the approval of a majority of TON validators to take effect, and it has been passed on to validators for discussion. A full network vote to activate this feature is scheduled for June 15th.
Southeby's will hold the second auction of Three Arrows Capital's NFT collection on June 15th.
According to CoinDesk, Sotheby's auction house will hold the second auction of Three Arrows Capital's NFT collection in New York on June 15th. This auction will sell 37 works by artists such as Dmitri Cherniak, Tyler Hobbs, and Jeff Davis. This auction will mark the largest live auction of digital art in history. The highlights of this NFT auction include Cherniak's Ringers #879, which was purchased by the co-founder of Three Arrows Capital for 1800 ETH in August 2021, valued at approximately $5.8 million at the time.
The US Department of Justice is seeking special exemption for SBF in the Bahamas, and a judge will hear arguments on the matter on June 15th.
According to The Block, former CEO of FTX, SBF, has questioned the criminal charges against him after being extradited from the Bahamas. The US Department of Justice is seeking a special waiver from the Bahamas to allow some of the cases to proceed. SBF believes that the government has "inappropriately" added "several new, unrelated charges without obtaining clear consent from the Bahamian government." He has taken action to dismiss 10 of the 13 criminal charges against him. The US Department of Justice stated that if the Bahamian government opposes, no criminal charges will be brought against Bankman-Fried. A judge is scheduled to hear arguments on the matter on June 15th.
BLUR will unlock approximately 196 million coins on June 15th.
Approximately 196 million BLUR tokens (6.53% of the total supply) will be unlocked and distributed to investors and core contributors on June 15th.
According to a report by Yonhap News Agency, a former executive of the South Korean cryptocurrency exchange Coinone has been accused of accepting bribes in exchange for listing certain cryptocurrencies, and he has admitted to these charges. It is reported that the former listing manager of Coinone, Mr. Jeon, was accused of receiving nearly 2 billion Korean won (US$1.51 million) as a reward for listing virtual assets.
The head of Coinone's listing team and another broker have also been accused, but their lawyers have stated that they have not yet completed the evidence review and will respond to the charges at the next hearing on June 15.
CoinList will launch the Archway (ARCH) token sale on June 15th and registration is now open.
According to official sources, CoinList has announced that it will launch the Archway (ARCH) token sale at 23:00 on June 15th Beijing time and registration is now open. The total supply of ARCH tokens is 30 million, priced at $0.2 per token, with a lock-up period of 40 days, followed by an 8-month linear vesting schedule. Registration will close at 20:00 on June 12th Beijing time.June 16th
According to Bloomberg, court documents show that FTX and its affiliated companies oppose extending the settlement negotiations with bankrupt cryptocurrency lending company Genesis. They claim that they were not invited to the court-appointed mediation in May and were caught off guard by Genesis' application on Thursday to value FTX's claim at zero, stating that Genesis owes them $3.9 billion. Previously, Genesis had hoped to extend the negotiations until June 16 and claimed to have the support of DCG and Gemini. The postponed hearing is scheduled for next Monday.
The Ethereum Foundation has announced that the fourth batch of Ethereum Protocol Fellowship (EPF) applications is now officially open. Users can submit their applications before June 16th. The program provides researchers with a four-month fellowship to advance Ethereum technology, including developing client implementations, testing and specifications, and participating in the latest core protocol research. The fourth batch of EPF will run from July 2023 to November 2023, culminating in an on-site event at Devconnect in Istanbul.
Do Kwon will attend the next hearing on June 16th.
The court in Montenegro has extended the detention period of Do Kwon, co-founder of Terraform Labs. The court stated that "the court will re-examine based on the termination reasons proposed by the higher court, and then make a decision on whether the defendant should be released on bail according to the advice of the defense lawyer." Do Kwon and former Terra executive Han Chang-joon will attend the next hearing on June 16.
As previously reported by BlockBeats, Do Kwon was released on bail of 400,000 euros on May 12 and was awaiting trial. On May 24, the Higher Court of Podgorica, the capital of Montenegro, revoked the decision to allow Do Kwon to be released on bail.
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