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Weekly Preview | Binance to update its fiat trading market maker program on September 25th; FTX customers have until September 30th to file claims.

Read this article in 18 Minutes
Preview of Key Events from September 25th to October 1st.

Selected Events:

1. Binance will update its fiat trading market maker program on September 25th.

2. Binance NFT will stop The Sandbox NFT staking plan on September 26th and will no longer support the Polygon network.

3. Rarible will permanently support royalties and will no longer aggregate orders from platforms such as OpenSea after September 30th.

4. Horizen will undergo a mainnet upgrade on September 26th, which will remove the main chain's privacy feature and activate HorizenDAO.

5. FTX reminds customers to submit claims in a timely manner. The deadline for submission is September 30, 2023.


September 25th


Binance will update its fiat trading market maker program on September 25th.

According to an official announcement, Binance will fully upgrade its fiat trading market maker program on September 25, 2023 at 08:00 (GMT+8). The qualification review logic will be updated from being based on trading pairs to being based on each fiat market. Starting from September 25, 2023 at 08:00 (GMT+8), market maker accounts will be reviewed weekly based on the new activity review mechanism. Starting from October 2, 2023 at 08:00 (GMT+8), maker fees rebates will be distributed based on the trading performance in the fiat trading market of the previous week.


固定利率借贷协议 Notional V3 内测版将于 9 月 25 日推出

The fixed interest rate lending agreement Notional V3 beta version will be launched on September 25th.According to the official announcement, the Notional V3 fixed-rate loan agreement beta version will be launched on Arbitrum on September 25th. BlockBeats previously reported that the Notional V3 beta version will feature a yield competition. Invited testers will have the opportunity to win rewards including NFTs and a total of 30,000 NOTE. The competition will begin upon the release of the beta version and will last for one month.


Coinbase will stop its services in India on September 25th.

According to TechCrunch, Coinbase has notified its customers via email that it plans to stop providing trading services to users in India. Since its launch in the South Asian market over a year ago, Coinbase has faced regulatory challenges. Coinbase has informed users that it will stop providing services to them after September 25th and has advised them to withdraw their funds from their accounts. Coinbase is also an investor in Indian crypto trading platforms CoinDCX and CoinSwitch Kuber, and has already banned Indian users from registering on its trading platform.


EDGE Global AI & Web3 Investment Summit will launch in Hong Kong on September 25th

According to official sources, the EDGE Global AI & Web3 Investment Summit, organized by AGI Society, Vertex Labs, and Luna PR, and co-hosted by the Hong Kong Blockchain Association (HKBA), Silicon Valley Innovation and Entrepreneurship Forum (SVIEF), Techhub News, the Sino-British Artificial Intelligence Association (CBAIA), BlockBeats, and TokenInsight, will be held in Hong Kong from September 25th to 27th.


Binance will replace its Euro bank partner, and its current service provider Paysafe will stop supporting it after September 25th.

According to a spokesperson cited by Coindesk, Binance's current euro bank partner, Paysafe Payment Solutions Limited, will stop supporting Binance after September 25th. Binance will replace the provider for euro deposits and withdrawals via bank transfer (SEPA). At that time, Binance's euro zone users will need to update their bank details for deposits and may need to accept new terms and conditions to continue using SEPA services after this date.


September 26th


Binance NFT will stop The Sandbox NFT staking plan on September 26 and will no longer support the Polygon network.

According to the official announcement, Binance NFT will stop The Sandbox NFT staking plan at 14:00 on September 26th (UTC+8). Starting from 14:00 on September 26th (UTC+8), users will no longer be able to stake LAND NFT hosted on the Polygon network on the Binance NFT market to earn daily The Sandbox (SAND) rewards. All LAND NFT currently staked on the Binance NFT market will be automatically unstaked on September 27th (UTC+8) and returned to users' Binance accounts after 10:00 on September 28th (UTC+8). The final SAND daily rewards will also be automatically distributed to users' spot wallets after 10:00 on September 28th (UTC+8). In addition, Binance NFT will no longer support the Polygon network starting from 14:00 on September 26th (UTC+8). Users should withdraw NFT from the Binance NFT market via the Polygon network before 7:59 on January 1st, 2024 (UTC+8).


UniSat: brc20-swap will enter the early public testing phase on September 26th

According to official sources, UniSat has announced that brc20-swap will enter the early public testing phase on September 26th. Over 400 invitation inscriptions have been distributed for free to its community members today, and an additional 200 invitations will be issued from time to time in the coming days.


Upbit will delist Dawn Protocol (DAWN), Refereum (RFR), and Maro (MARO) on September 26th.

According to an official announcement, South Korean cryptocurrency exchange Upbit announced that it will end trading support for Dawn Protocol (DAWN), Refereum (RFR), and Maro (MARO) at 15:00 on September 26th Beijing time. Upbit stated that Dawn Protocol and Refereum received consistently poor evaluations in internal assessments, and the projects failed to respond to requests for investor protection information. After being listed as warning projects, Dawn Protocol failed to provide sufficient explanations about the use and actual use cases of the DAWN token, and Refereum did not properly end its project. In addition, Upbit stated that Maro received consistently poor evaluations in internal assessments, violated the project's allocation plan, and had poor allocation management capabilities. Although the degree of violation was not severe, Maro was warned multiple times for violating the allocation plan and violated the plan multiple times without reasonable justification or prior notice, exposing its lack of ability to manage allocation amounts, and the data submitted by Mar during the explanation process contained errors.


Horizen will undergo a mainnet upgrade on September 26th, which will remove the main chain's privacy feature and activate HorizenDAO.

Web3.0 privacy platform Horizen stated in its official blog that trading platforms, mining pools, node operators, and full node wallet users must upgrade their nodes to ZEN 4.1 before block 1422426. ZEN 4.1.0 will execute a network upgrade on the Horizen mainnet through a hard fork at block 1426200 (expected at 18:00 on September 26, Beijing time). New features include: deprecation of shielded pool (all privacy features will be removed from the Horizen main chain at the consensus level), memory pool limits (strict limits on memory pool size, default value: 400 MB), deprecation of P2P alert system, HorizenDAO (further decentralizing the Horizen ecosystem to involve the community more in ecosystem governance), and rotation of community fund addresses. Zend 4.1.0 deprecation will occur at block 1466716, expected at 22:00 on December 6, 2023, Beijing time.


Binance will support the Horizen (ZEN) network upgrade and hard fork.

According to an official announcement, Binance will support the Horizen (ZEN) network upgrade and hard fork. The token trading supported by the network will not be affected. Binance will reopen the token deposit and withdrawal services after the network upgrade and hard fork, once the network is stable.


This upgrade will be divided into two phases:

Binance is expected to suspend token deposits and withdrawals for the above network at 02:00 on September 20th to support the first phase scheduled at block height 1,422,426 (expected at 03:00 on September 20th).

Binance is expected to suspend token deposits and withdrawals for the above network on September 26 at 17:00 to support the second phase, which is expected to take place at block height 1,426,200 on September 26 at 18:00.


Yuga Labs' LotM game season one open beta test will start on September 26th.

According to official sources, the first season of LotM game under Yuga Labs will begin its open testing on September 26th. During the first season, users can hatch Mara and, as Koda holders, start collecting fragments and hunting for shards in advance. The test version loot can be forged at the end of each quarter and will include game items that are constantly expanding in LotM.


September 27th


YGG Guild Development Plan Season 4 will continue until September 27th.

YGG has launched the Guild Advancement Program (GAP) Season 4, which officially started on August 3 and will run until September 27. Players can earn Season 4 achievements in the following games: Axie Infinity, Big Time, Castle Crush, Champions Ascension, Crypto Unicorns, Genopets, GensoKishi Online, League of Kindoms, My Pet Hooligan, Pixels, Skyweaver, and Splinterlands. GAP Season 4 will include approximately 150 tasks, a 66% increase from the previous season, and the task content is twice that of Season 3.


September 28th


The Ethereum client Nethermind has released version v1.20.4 and plans to restart the Holesky testnet on September 28th.

Ethereum client Nethermind has released version v1.20.4 and will restart the Holesky testnet at 12:00 UTC on September 28, 2023.


September 30th


FTX reminds customers to submit claims in a timely manner, with September 30, 2023 as the deadline.

The encrypted trading platform FTX reminds its customers that the deadline for submitting customer claims is 4:00 PM Eastern Time on September 29, 2023 (early morning on September 30, Beijing time). FTX recommends that users log in to the customer claims portal to begin the claims process. FTX requires customers to provide KYC information during the claims process, and the KYC verification process will continue after the deadline. In addition, for accounts that were frozen due to network security incidents before, FTX sent a separate notification on September 17, 2023.


OneKey Card will stop accepting new users from mainland China, Russia and other regions starting from September 30th.

According to official sources, the hardware wallet OneKey will stop accepting new user applications from the following countries or regions starting from September 30, 2023: Mainland China, Iran, North Korea, Syria, Russia, North Macedonia, Sudan, Venezuela, and Zimbabwe. OneKey stated that users who have already activated their cards will not be affected and can continue to use them normally. This move is to strictly comply with local laws and regulatory requirements.


ParaSpace and Parallel Finance will merge into Web3 super app ParaX

According to official sources, NFT lending protocol ParaSpace will merge and rebrand with lending protocol Parallel Finance to create a broader full-chain platform called ParaX, which will be a Web3 super application supported by account abstraction and zkVM. ParaX ecosystem is built on existing ParaSpace and Parallel products, covering account abstraction, meta user interface, zkVM, etc. The two teams are currently exploring three new ideas for building mini-applications in the ParaX ecosystem: full-chain yield optimizer, full-chain lending, and multiple underwriting models for lenders, and are building a zkVM infrastructure called "ParaVM" for this purpose.


Rarible will permanently support royalties and will no longer aggregate orders from platforms such as OpenSea after September 30th.

NFT trading platform Rarible announced that it will permanently support royalties. Rarible stated that royalties are the core of decentralization, constantly confirming the value of creators in each transaction. Therefore, after September 30th, Rarible will no longer aggregate orders from OpenSea, LooksRare, and X2Y2.


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Welcome to join the official BlockBeats community:

Telegram Subscription Group: https://t.me/theblockbeats

Telegram Discussion Group: https://t.me/BlockBeats_App

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