Next weeks highlights
DOGS has extended the airdrop claim period again, and the TGE will be held on August 26 ;
Orderly Network announced that the ORDER token will be TGE on August 26 ;
Sharpe AI will open Season 1 airdrop eligibility inquiries on August 27 ;
Stacks Foundation: Nakamoto upgrade will be activated on August 28 ;
Klaytn and Finschia’s new brand Kaia will be launched on the mainnet on August 29 ;
GammaSwap will conduct a GS token TGE on August 30, with 2% of the supply used for airdrops ;
UniSat founder: Fractal is scheduled to be activated on the mainnet starting September 1st ;
WazirX: Will provide more details on the reorganization process next week .
From August 26 to September 1, more noteworthy events in the industry are previewed below.
August 26
OKX plans to adjust some index components on August 26
According to the official announcement, in order to further improve the market liquidity and index stability of leverage, delivery, and perpetual business lines and prevent market risks, Ouyi plans to adjust some index components from 5:00-8:00 pm (UTC+8) on August 26, 2024. The adjusted index will be calculated based on the price of the new component and the new weight corresponding to each component. It is reported that the indexes involved include BETH-USDT, BETH-ETH, BLUR-USD, and BLUR-USDT.
OKX reminds that due to the recent market volatility, the adjustment of index components may cause the index and the corresponding leverage and contract market mark price to fluctuate. After the adjustment of the gear rules, the maintenance margin rate of user positions may increase. In order to prevent forced liquidation caused by the rule adjustment, please reduce the actual leverage multiple in time through closing positions, reducing positions, adding margin, etc., and control risks.
WazirX: Suspension on withdrawal of INR balance to be lifted on August 26
Odaily Planet Daily News WazirX released an important announcement on the next steps for Indian rupee and cryptocurrency withdrawals: It is regrettable that users have been unable to withdraw cryptocurrencies from their platform accounts for a period of time, but it is not that simple to resume cryptocurrency withdrawals. Due to a cyber attack and the loss of a large amount of ERC-20 token balances due to theft, the available token assets are insufficient to repay the debts incurred by platform users due to token balances. For Indian rupee balances, after careful evaluation and understanding of all user feedback, WazirX decided to lift the suspension of withdrawals of INR balances on August 26, 2024, and INR withdrawals will be enabled in phases. Next, the platform will soon submit an application to the Singapore High Court to ensure sufficient time for reorganization in accordance with the arrangement plan.
According to Coinbase Assets, in order to complete the code upgrade, Coinbase plans to suspend Polygon PoS transactions and sending and receiving services from August 26 to September 10. Coinbase reminds users not to deposit Polygon MATIC, VOXEL, USDC, CBETH and WETH into Coinbase during this upgrade period. MATIC and POL on Ethereum are not affected. Updates will be provided after the service is restored.
Starknet is about to release Cairo 2.7.0, and plans to upgrade the mainnet on August 26
According to the Starknet community, Cairo 2.7.0 is about to be released. Currently 2.7.0-rc.3 is available and can be tested by the community. This version involves upgrading Sierra to v1.6.0, which means that contracts written in v2.7.0 can only be deployed in Starknet 0.13.2 (inclusive) and above.
The testnet upgrade is scheduled for August 5, and the mainnet upgrade is scheduled for August 26.
DOGS has extended the airdrop claim period again, and TGE will be held on August 26
Odaily Planet Daily reported that the DOGS community posted on Telegram that as of press time, more than 8 million verified users have requested to deposit their DOGS directly into exchanges and Telegram wallets.
Due to the addition of new claiming options, the official decision was made to change the TGE date again. Here is the updated schedule: the claiming window for exchanges and Telegram wallets will be open until 0:00 on August 24; the claiming window for non-custodial wallets will be open at 16:00 on August 26; the TGE and token listing will be conducted at 20:00 on August 26.
Orderly Network Announces ORDER Tokens to be Launched at TGE on August 26
Odaily Planet Daily News: Orderly Network, the full-chain derivatives liquidity layer, announced that the ORDER token will be TGE on August 26. Users can claim all airdrops on the same day, and staking activities will start on the same day.
August 27
Sharpe AI Season 1 Airdrop Qualification Check will be available on August 27th
Odaily Planet Daily reported that Sharpe AI announced the details of its Season 1 airdrop on X. The key points are as follows: the total airdrop allocation accounts for 13% of the token supply (that is, 130,000,000 SAI), which will be distributed through multiple rounds of airdrops; the snapshot date of Season 1 airdrop is set at 12 AM UTC time on August 25; TGE will start at 1 PM UTC time on August 27; SAI airdrop qualification query will be open on August 27.
Officials said that they strategically chose to keep the total number of SAI tokens airdropped in Season 1 confidential to maintain market integrity and prevent speculation on pre-market orders. The distribution structure is as follows: Sharpe points and Gold Medal holders: Most tokens will be distributed to the most active users on the platform; Social XP holders: A portion will be allocated to Social XP holders of Galxe and Intract;
Odaily Note: For users whose Galxe loyalty points are shown as 0, the Galxe leaderboard snapshot has been taken and the corresponding points will be considered for the Season 1 airdrop distribution.
August 28
Stacks Foundation: Nakamoto upgrade will be activated on August 28
Odaily Planet Daily News Stacks Foundation recently published a statement on X that the final code of the Nakamoto upgrade will be sent to network operators on August 28, and the activation window will be open. Network operators will upgrade Cycle 92, and after the Signer successfully switches from Cycle 92 to Cycle 93, the core developers will select the final hard fork block.
It is reported that the Nakamoto upgrade aims to significantly improve security and speed by increasing transaction throughput, 100% Bitcoin finality and reducing Bitcoin miner extractable value (MEV).
Additionally, the project’s planned non-custodial, programmable 1:1 Bitcoin-backed asset, sBTC, will be “ready for mainnet within four weeks of the Nakamoto hard fork.”
Odaily Planet Daily News X user Erebos posted that the Elixir official page shows that ETH withdrawals will be enabled on August 28, but the existing potion of the withdrawing users will be fined 50% and distributed to users who convert to deUSD (decentralized synthetic US dollars), which means that Season 1 LPs will be forced to stay until Season 2.
August 29
Klaytn and Finschia’s new brand Kaia will be launched on the mainnet on August 29
Odaily Planet Daily reported that according to official news, Finschia stated that with the establishment of the Kaia DLT Foundation in the Dubai International Financial Center and the Abu Dhabi Global Market (ADGM), most of the preparations for the launch of the Kaia mainnet have been completed and will be launched on August 29, 2024.
Earlier in late April, the Klaytn Foundation said that since the Klaytn/Finschia chain merger proposal Project Dragon was passed, the two teams have been working hard and published an article today to introduce the new brand Kaia. It is reported that Kaia is an open source, transparent and permissionless public chain suitable for everyone.
August 30
GammaSwap will conduct GS token TGE on August 30, with 2% supply for airdrop
Odaily Planet Daily News: Arbitrum ecosystem DeFi structured product GammaSwap recently announced on X that it will launch the LBP of its governance token GS on August 30th local time, and will distribute airdrops later.
According to its published token economics, the total supply of GS is 1.6 billion, of which 37% is allocated to the treasury, 23% to the core team, 17% to investors, 15% to liquidity mining and staking, 5% to LBP, 2% to airdrops, and 1% to consultants.
Core team: 12 months cliff, followed by 24 months of linear vesting;
Private Investors: 12 month cliff, followed by 18 month linear vesting.
Saga: Vault 4 airdrop claim window has closed, distribution will take place on August 30th
Odaily Planet Daily News Saga Yu X posted that the Vault 4 airdrop claim window is now closed and will be distributed on August 30.
August 31
None
September 1
UniSat founder: Fractal plans to activate on the mainnet on September 1st
Odaily Planet Daily News UniSat founder and CEO Lorenzo said on the X platform that rapid progress has been made in the implementation of smart contracts and cross-chain bridges. In terms of smart contracts, Fractal launched OP_CAT in the testnet reset today (August 13) and plans to activate it on the mainnet from September 1. Regarding cross-chain bridges, 3 to 5 methods are being developed to transfer assets from the Bitcoin mainnet to Fractal. And said there is a strong developer plan to promote the practical application of Bitcoin expansion. In the next few years, the Bitcoin system has four pillars: compatibility, composability, parallelism and scalability. Fractal is strengthening these four aspects in different ways.
Compatibility: BRC-20, RUNE, and a number of other Bitcoin protocols will be natively supported, with a modular approach to make them interoperable and compatible with Bitcoin;
Composability: Advanced Bitcoin virtual machines will be gradually enabled to build modern applications within TapRoot (so that compatibility can be maintained at the blockchain level). We also tried an off-chain execution model, brc 20-swap (which may become Fractal Swap or PizzaSwap in the future);
Parallelism: The UTXO model and stateful tx-chains enable services to be executed locally without interfering with other services, resulting in extremely high localization and efficiency without having to worry about global state;
Scalability: Think of the Bitcoin blockchain as the backbone of a new system that will need thousands of Fractal instances built around it. Bitcoin as a blockchain just needs to exist. The scalability of the entire system is key.
Others (specific time undetermined)
WazirX: More details on the restructuring process will be provided next week
Odaily Planet Daily News WazirX said in a post on X: “Our current decision to take the restructuring path may cause some concerns, but we want to emphasize that this is the most beneficial and legal way to solve current encryption-related problems.
We believe this direction is in the best interest of the platforms users and allows us to move forward efficiently. Unfortunately, external parties that have no investment in the platform may seek to prolong this situation for their own reasons. Their intention appears to be to maintain uncertainty rather than seek a solution.
Our primary goal is to help users recover as much of their funds as possible while exploring ways to increase value. Rest assured, we are continually evaluating all available options, but as mentioned before, these solutions take time and patience.
Additionally, we are actively pursuing various legal avenues and bounty programs to recover the stolen assets. These efforts are ongoing, and we remain fully committed to achieving the best outcome for our users.
We will provide more details on the restructuring process next week. Remember, this is not bankruptcy or liquidation - those avenues take years to resolve. Be cautious of individuals who may try to steer your choices for personal gain.
Regrettably, some are seeking to exploit this situation for their own gain. We encourage everyone to focus on achieving the most effective and expeditious resolution through restructuring.”
Jupiter releases ecosystem token API and standards, plans to deprecate old API by the end of August
Odaily Planet Daily News: Jupiter released the ecosystem token API and standards on the X platform. The new API enhances the trading function and can immediately display tokens from new markets. The relevant tokens are verified every day, enter the trusted list, and undergo rigorous testing by the Jupiter community and users. It is reported that the new API is built on the Metropolis infrastructure.
Jupiter said that it will identify counterfeit tokens that impersonate the names and symbols of popular tokens and remove them from the API. It will also ban certain tokens based on community reports. The symbols of the top ecosystem tokens are protected and will continue to improve over time to ensure community safety.
Jupiter said that the old API will be deprecated within a month before the end of August 2024, and the new API responses will be roughly similar to the old API, so it is hoped that it will be an easy migration.
