Upcoming week preview: US SEC to respond to Coinbase's first legal defense; KuCoin to require mandatory KYC from July 15th.
Selected Events:
1. The US SEC will respond to Coinbase's first legal defense on July 13th.
2. Starknet v0.12.0 is expected to be deployed to the mainnet on July 12th;
3. The Korean National Assembly's Political Affairs Committee will hold a hearing on virtual assets on July 11th.
4. KuCoin will require users to undergo KYC starting from July 15th.
July 10th
Binance will support the network upgrade of MultiversX (EGLD)
Binance is expected to suspend the recharge and withdrawal of EGLD tokens at 23:00 on July 10th, and support the network upgrade of MultiversX (EGLD) during the MultiversX epoch 1,075 (expected to be at 23:45 on July 10th, 2023, Eastern Time). During the network upgrade, EGLD transactions will not be affected. After the network upgrade of MultiversX (EGLD), Binance will reopen the recharge and withdrawal of EGLD tokens when the network is stable, without further notice.
Starknet v0.12.0 is expected to be deployed to the mainnet on July 12th.
The Ethereum Layer 2 network, Starknet, was deployed on the Georli testnet on July 4th with the Starknet alpha v0.12 vote. The testing vote is currently underway and will end on July 6th. The official vote for Starknet v0.12 is expected to end on July 10th, followed by a freeze period on July 11th, and deployment of v0.12.0 to the mainnet based on the voting results on July 12th.
Binance NFT market launches Playbux Ultra NFT series through subscription mechanism, initial sale starts from July 10th
Binance announced that the Binance NFT market has launched the Playbux Ultra NFT series through a Subscription Mechanism. The series consists of 3000 Playbux Ultra NFTs, and its launch will follow the prerequisite of BNB. The preparation phase will start from 08:00 on July 10th, Beijing time, to 10:00 on July 12th. Users who hold a minimum of 0.1 BNB per day can participate in the initial sale of the Playbux Ultra NFT series. The subscription phase will be from 10:00 on July 12th to 17:00 on July 14th. Qualified users who meet the BNB prerequisite will continue to subscribe, and each person will receive a participation ticket for the sale. Users need to click "Apply for Ticket" to submit the participation ticket to qualify for the sale. Each committed participation ticket will lock 100 USDT. The calculation phase will be from 17:00 to 20:00 on July 14th, and winning tickets will allow users to purchase Playbux Ultra NFTs at a price of $100 during the initial sale. After 20:00 on July 14th, the distribution phase will begin. The USDT of users who did not win will be automatically refunded to their spot wallet.
Binance will upgrade the Liquid Swap system on July 10th.
Binance announced that it will upgrade the Binance Liquid Swap system from 10:00 to 11:00 on July 10, 2023. All Liquid Swap services will be affected, but the calculation of existing liquidity mining positions and liquidity pool rewards will not be affected during the system upgrade. Binance recommends that users monitor and adjust their automated trading systems and settings before the upgrade plan.
July 11th
Polygon releases Bor v0.4.0 mainnet, expected to go live on July 11th
Polygon has released Bor v0.4.0 mainnet, which includes a hard fork named Indore fork that will be updated when the block height reaches 44,934,656. The expected time for the update is 12:00 on July 11th Beijing time.
According to official sources, the Arc8 blockchain leisure game platform's League Season 0 will begin on July 11th and last for one month.
This season will feature 555 League Pass NFT holders competing for a prize pool that includes $10,000 worth of MATIC, USDT, and GMEE tokens, as well as NFT prizes such as 555 MATIC-themed G-Bot Starter NFTs. Various rewards from Season 0 partners will also be up for grabs, including 555 Planet IX beginner packs and 20 BoomLand Genesis treasure chests.
Arc8 is a blockchain game mobile application from Animoca Brands subsidiary GAMEE that changes the gaming experience by offering a variety of games and allowing players to compete for various rewards.
Hedera: After July 11th, all contracts on the mainnet will follow the new security model.
The open-source equity proof blockchain Hedera announced an update to its smart contract service security model to reduce complexity and increase protection for developers and users. After July 11th, all contracts on Hedera will follow the new security model. Hedera stated that the new security model was provided to developers on the Testnet starting on June 21st and has been applied to contracts created from the mainnet version 0.35.2. Hedera reminds developers to test their applications and new contracts and user experiences using the new security model to avoid unexpected consequences.
Credit Suisse and the Swiss Football Association launch women's football NFT series, on sale from July 11th
According to CoinDesk, Credit Suisse, a Swiss investment bank, has partnered with the Swiss Football Association (SFA) to launch an NFT series that supports women's football. The series features portraits of the Swiss women's national team and all proceeds will be donated to Swiss women's football. The series includes 756 NFTs, minted on Ethereum, and will be sold on Credit Suisse's digital banking app, CSX, starting on July 11. The NFT series will be sold in three different packages, with prices ranging from 150 Swiss francs to 10,000 Swiss francs, or approximately $167 to $11,000. These packages come with corresponding benefits, including physical artwork, player meet-and-greets, and signed jerseys.
TRON developer community releases GreatVoyage-v4.7.2 version, nodes need to complete mainnet upgrade before July 11th.
The TRON developer community has released the GreatVoyage-v4.7.2 (Periander) version, which is a mandatory upgrade. Nodes need to complete the client upgrade before 23:59 on July 11th Beijing time. Periander adds two governance proposals to optimize Stake 2.0, allowing users to cancel unstaked pledges that have been initiated but not yet completed, increasing the flexibility of the Stake mechanism; adding governance proposals to implement the EIP-3855 PUSH0 instruction to ensure compatibility between TRON and Ethereum at the virtual machine level, reducing the cost of using TRON smart contracts; providing a more user-friendly smart contract interface to improve the convenience of smart contract development; upgrading the TRON P2P network module to support IPV6 protocol, improving TRON network infrastructure performance through DNS discovery of nodes, message compression, and more.
July 12th
Kava 14 testnet is online, mainnet will be launched on July 12th
According to official sources from Kava Network, the Kava 14 testnet has gone live, and the Kava 14 mainnet will be released on July 12th. As per previous announcements, the new version will serve as an internal cross-chain bridge connecting Cosmos to Ethereum dApps, allowing native Cosmos assets to be unlocked on KAVA EVM.Starknet alpha v0.12 has been launched on the testnet and will go live on the mainnet on July 12th.
Starknet has launched Starknet alpha v0.12 on the Georli testnet. The new version uses Rust blockifier and LambdaClass's Cairo VM to speed up the sorter's transaction processing time. It supports Cairo compiler v2.0.0 and changes the PENDING state to ACCEPTED_ON_L2 (once a transaction is in this state, it means it will be included in the block) and adds experimental system calls. According to the deployment timeline of Starknet v0.12.0 previously released by the Starknet governance promoter, Starknet v0.12.0 will be deployed to the mainnet on July 12th.
eToro will restrict US users from opening new positions in cryptocurrencies such as ALGO and MATIC starting from July 12th.
The social investment platform eToro will limit US users' access to certain cryptocurrency positions, including Algorand (ALGO), Decentraland (MANA), Dash (DASH), and Polygon (MATIC), among others, after 6:00 AM Eastern Time on July 12. Users located in the US will not be able to open new positions in these cryptocurrencies. However, US users will still be able to hold and sell their existing asset positions, and non-US users will not be affected by this change.
July 13th
美 SEC 将于 7 月 13 日对 Coinbase 的首次法律辩护作出回应
Translation:The US SEC will respond to Coinbase's first legal defense on July 13th
According to CoinDesk, the US Securities and Exchange Commission (SEC) will respond to Coinbase's first legal defense on July 13th, as ordered by the court. The hearing date is much earlier than expected due to Coinbase's "creative" defense strategy.
Judge Katherine Polk Failla will decide during the July 13th court appearance whether to allow Coinbase to proceed with its motion to dismiss, which was filed yesterday.
It is reported that Coinbase submitted its initial response 40 days before the deadline (August 7th). As a result, the court changed the pretrial conference to a motion hearing and moved the date up from August 24th to July 13th. A pretrial motion hearing is an application made by a prosecutor or defense lawyer requesting that the court make a decision on a particular issue before the trial.
As previously reported by BlockBeats, Coinbase claimed in its first legal response to regulatory lawsuits that the digital assets listed on its platform are not within the jurisdiction of the US Securities and Exchange Commission (SEC).
Binance will delist ATA/BUSD, FORTH/BUSD and other isolated margin trading pairs on July 13th
Binance announced that it will delist ATA/BUSD, FORTH/BUSD, JST/BUSD, QTUM/BUSD, SUN/BUSD, ZEN/BUSD, and ZRX/BUSD isolated margin trading pairs at 14:00 on July 13th, Beijing time. At 14:00 on July 10th, Beijing time, isolated margin borrowing for the aforementioned trading pairs will be temporarily suspended.
Binance will support RIF network upgrade and hard fork.
Binance announced that it will support the Rootstock Infrastructure Framework (RIF) network upgrade and hard fork. The upgrade and hard fork will take place at block height 5,468,000 or on July 13th, 00:00 Beijing time. Binance will temporarily suspend RIF deposits and withdrawals around 23:00 on July 12th Beijing time. Once the upgrade is completed and the network is stable, deposit and withdrawal services will be resumed.
Upbit, a cryptocurrency exchange, will delist Augur token (REP) on July 13th.
South Korean cryptocurrency exchange Upbit has announced that the member exchanges of the Korean digital asset exchange consulting firm DAXA plan to terminate trading support for the Augur token REP. Upbit will delist REP on July 13th.
July 14th
PoST mining blockchain project Spacemesh will launch its mainnet on July 14th.
PoST mining blockchain project Spacemesh announced that it will launch its mainnet on July 14th. After the mainnet is launched, any user with a standard consumer-grade PC can mine and earn Smesh coin. The minimum requirements for running a node are:
- CPU: Intel or AMD x86-64 or 64-bit ARM, including Apple Silicon (but not Raspberry Pi)
- Memory: greater than 1GiB
- Operating System: Windows 10/11, MacOS, Ubuntu 22.04+ or Fedora 36+
- Storage: 50GiB of available disk space
- Always-on, unlimited internet connection with download speeds of 5 mbps and upload speeds of 1 mbps.
Spacemesh is an open-source programmable cryptocurrency platform optimized for home PCs without the need for mining machines. Spacemesh is supported by the "Proof of Space-Time (PoST) consensus protocol" and aims to create a highly decentralized blockchain network and support universal smart contracts by running Spacemesh on personal computers from around the world. Spacemesh completed a $15 million financing round in September 2018, led by Polychain and other investors including MetaStable, Paradigm, Coinbase Ventures, Bain Capital, 1kx, Arrington XRP Capital, DHVC, Gumi Crypto, Electric Capital, Collaborative Fund, and Jack Herrick.
Wyre, a provider of digital assets and payment infrastructure, announced on social media that it will end its business in order to protect the best interests of its main stakeholders and customers, rather than due to any regulatory directives. Users who hold assets on the Wyre platform can withdraw their assets before July 14th, after which a separate program will be available to recover any remaining assets on the platform.
Earlier this year in January, a source claimed that Ioannis Giannaros, CEO of Wyre, had sent an email to some employees stating that the company would be liquidated and planned to terminate services by January 2023. However, on January 13th, Wyre announced that it had received emergency funding from a strategic partner, allowing the platform to continue operating normally.
Open-source programmable cryptocurrency platform Spacemesh will launch its mainnet on July 14th.
The open-source programmable cryptocurrency platform Spacemesh will launch its mainnet on July 14th. Anyone with a standard consumer-grade PC will be able to start running nodes and earn Smesh tokens. Smesh users will receive their first reward during the two weeks starting on August 11th, and all Smesh users will receive their first reward before August 15th.
The minimum requirements for running nodes include CPU: Intel or AMD x86-64 or 64-bit ARM, including Apple Silicon (but not Raspberry Pi); Memory: 1GiB+; Operating System: Windows 10/11, MacOS, Ubuntu 22.04+ or Fedora 36+; Disk Space: 50GiB of available disk space; Always-on and unrestricted internet connection with a download speed of at least 5 mbps and an upload speed of at least 1 mbps.
July 15th
Dune releases SparkSQL and PostgreSQL shutdown schedule, officially ceasing service on July 15th
The blockchain analysis platform Dune has released a timetable for the discontinuation of SparkSQL and PostgreSQL. They will be removed from the data resource manager on May 15th, disabled for editing on June 15th, and service will be stopped on July 15th. Dune reminds users that they need to use the DuneSQL migration tool to migrate to DuneSQL before July 15th. Queries running on SparkSQL or PostgreSQL will no longer be updated in the future, but the data can still be accessed.
In addition, data ingestion for Polygon, BNB, Optimism, and Gnosis on their respective Postgres instances was stopped on April 20th. Meanwhile, Spells will continue to run on SparkSQL in the short term, but can be queried by DuneSQL. The Dune team has been testing a new version of Spellbook that will run entirely on DuneSQL, narrowing the remaining compatibility gap.
KuCoin will require users to complete KYC starting from July 15th.
According to The Block, KuCoin will require users to complete KYC starting from July 15th. Users who have not completed KYC will be restricted from using KuCoin's services and products, and can only perform sell, close, and withdrawal operations. KuCoin CEO Johnny Lyu stated that this is to better comply with applicable regulatory requirements. Lyu said, "As users provide more information to improve their personal profiles, we will provide users with a wider range of platform products and services, including but not limited to higher daily withdrawal limits, more comprehensive trading tools, and more diverse user activities."
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