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Weekly Preview | PayPal USD (PYUSD) to start trading on Kraken tomorrow; Smart contract wallet Argent plans to upgrade on August 21st.

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Key events to watch for from August 21st to August 27th.

精选事件 (Selected Events)

1. PayPal USD(PYUSD) has been listed on Kraken and will begin trading on August 21st.

2. The smart contract wallet Argent plans to upgrade on August 21st.

3. DeFi lending protocol Sentiment closes Sentiment V1.

4. Binance will delist SNM/BUSD, SRM/BUSD, YFII/USDT and other spot trading pairs.

5. EigenLayer will once again increase the LST re-staking limit on August 22nd.


August 21st


PayPal USD(PYUSD) has been listed on Kraken and will start trading on August 21st.

According to official announcements, PayPal's USD stablecoin PYUSD has been launched on the Kraken platform. Users can now make deposits, and trading of PYUSD will begin on Kraken on August 21st.


Smart contract wallet Argent plans to upgrade on August 21

The smart contract wallet Argent announced that all wallets on Starknet need to be updated to support the latest version due to the network upgrade. Some Argent X users need to upgrade their accounts before August 21st, otherwise their assets will be lost.


August 21st Avalanche Hong Kong Hackathon registration deadline

The registration deadline for the Avalanche Hong Kong Hackathon is August 21st. The hackathon is organized by Blockchain Academy and aims to expand the Avalanche ecosystem.


Shibarium plans to reopen to the public on August 21.

Shiba Inu's Chief Developer, Shytoshi Kusama, announced today that the team has strengthened its security measures and initiated deep testing. Shibarium is currently in private mode and is able to generate blocks normally. Tomorrow, the team will continue to expand and test, and the Shibarium network is scheduled to reopen to the public next Monday.


Base and Backdrop launch the ecological acceleration plan "100 Builders"

The Layer 2 blockchain Base, built by Coinbase on OP Stack, announced its collaboration with the Web3 social platform Backdrop to launch the "100 Builders" ecological acceleration plan, aimed at helping 100 developers build open source projects on Base. The program will launch from August 21 to September 15, and developers can receive over $40,000 in prizes.


August 22nd


Binance will delist SNM/BUSD, SRM/BUSD, YFII/USDT and other spot trading pairs

According to official sources, Binance will delist and cease trading for SNM/BTC, SNM/BUSD, SRM/BUSD, and YFII/USDT spot trading pairs at 11:00 AM on August 22nd Beijing time. Any applicable strategy trading services for the aforementioned trading pairs will also be terminated simultaneously. Users are strongly advised to update and/or cancel their trading strategies before the strategy trading services are stopped to avoid any potential losses.


Prime Trust bankruptcy management related hearing begins

Prime Trust bankruptcy management related hearing will be held on August 22. Previously, a Nevada judge approved the bankruptcy management request submitted by the Nevada Department of Financial Institutions (FID) for Prime Trust, and ordered Prime Trust to appear in court on August 22 to explain why the state regulatory agency's petition should not be permanently approved.


DeFi lending protocol Sentiment shuts down Sentiment V1

DeFi lending protocol Sentiment announced the closure of Sentiment V1 on August 22. The web application will still be accessible, but core contributors will no longer maintain it.


EigenLayer will once again increase the LST re-staking limit on August 22nd.

According to official sources, EigenLayer will increase the LST (liquidity staking token, including stETH, rETH, and cbETH) re-staking limit at 7:00 am Pacific Time on August 22. After the limit is lifted, users will be able to deposit any of the above tokens into EigenLayer. When any one type of LST reaches the milestone of 100,000 tokens staked, EigenLayer will once again pause accepting staking.


August 23rd


Exclude FTX Dubai from US clearing proceedings, related hearings begin

FTX hopes to exclude FTX Dubai from the US liquidation process, and a hearing on the matter is scheduled for August 23. FTX Dubai was established in February 2022 and is owned by the company's European branch, and is one of the entities involved in the litigation. FTX argued in the filing to dissolve the department that FTX Dubai did not conduct any business before applying for bankruptcy, and that FTX Dubai's balance sheet is solvent.


August 24th


Base Second Round Prop House funding deadline is August 24th.

The second round of Prop House funding for Base has been launched, with a deadline of August 24th. This round will fund new protocols, tools, and infrastructure built on Base. Applicants must have an address on the mainnet with an ENS domain and 0.025 ETH, be of legal age in their state or country of residence, and not be a resident of any OFAC-sanctioned or sanctioned country. Holders of the Base is for Builders NFT can vote, with one vote per address. The top 5 proposals will each receive 5 ETH in funding.


August 27th


The first Palau Blockchain Summit will be held in the capital of the Pacific island nation of Palau from August 27th to 29th.

The first Palau Blockchain Summit will be held in the capital of the Pacific island nation of Palau from August 27th to 29th. The event is led by the Palau Blockchain Association and supported by the Palau Ocean Foundation, Metropolis Global, Cura, Enjinstarter, Desmo Labs, and others. The summit's theme is "Leading the Future of Web3: New Governance and Sustainable Development on the Chain," and speakers include Palau President Surangel Whipps Jr. and Palau Minister of Finance Kaleb Udui Jr.


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