Next week's focus preview:
The Singapore court may decide on the dissolution or restructuring of Hodlnaut on August 7th;
dYdX will close dYdX Chain Testnet 1 on August 7th and launch Testnet 2 on August 10th;
Coinbase will officially launch the Base mainnet on August 9th;
SEC needs to make a decision on ARK's Bitcoin ETF application on August 13th.
>;August 7th to August 13th, here are the upcoming events in the industry that are worth paying attention to:
August 7th
Analyst: US Government May Sell Next Batch of BTC on August 7th
Odaily News - CryptoQuant analyst Maartunn wrote that the US government may sell its bitcoin holdings, including those seized from the Silk Road, on May 26th, 2023, August 7th, October 19th, and December 30th. Maartunn believes that the US government may follow a "73-day interval" sales pattern.
Previously, the US government has already sold 9,800 bitcoins for $215.7 million, with the goal of selling approximately 41,500 BTC in four batches throughout 2023.
Singapore Court to Decide on Dissolving or Restructuring Hodlnaut on August 7th
Odaily News - The Singapore court may decide on the dissolution or restructuring of Hodlnaut at the hearing scheduled for August 7th. Interim Judicial Management (IJM) filed to conclude the lawsuit on April 25th and stated that major creditors such as Samtrade Custodian and Algorand Foundation are unwilling to further negotiate the restructuring agreement.
According to the court, the debtors of Hodlnaut include:
55.8% hope to dissolve the company. The exchange is currently facing approximately 409 million new yuan (about 304 million US dollars) in creditor claims. Hodlnaut founders Simon Lee and Zhu Juntao have expressed their opposition to the liquidation application in court. (Tech in Asia)Starknet will release v 0.12.1 on the Goerli testnet on August 7
Odaily News reports that Starknet will release version v 0.12.1 on the Goerli testnet on August 7, which will improve the SPS parameters.
dYdX will shut down its dYdX Chain public testnet 1 on August 7
Odaily News reports that dYdX will shut down its dYdX Chain public testnet 1 on August 7 at 17:00 UTC (1:00 on August 8 in Beijing time) and reset and restart the public testnet 2 on August 10 at 17:00 UTC (1:00 on August 11 in Beijing time).
Odaily News - Web3 mahjong blockchain platform Mahjong Meta announced the completion of a $12 million financing round, with Dragonfly and Folius Ventures as lead investors, and participation from Meteorite Labs, Find Satoshi Lab, Parallel Ventures, Emoote, and others.
The funds raised in this round will be used to drive the product development of Mahjong Meta and expand the Web3 gaming ecosystem, further enhancing the player's gaming experience and increasing its global influence.
In addition, Mahjong Meta will officially launch on August 7, 2023. Since its beta test launch on May 12, Mahjong Meta has attracted over 15,000 players participating in more than 490,000 games.
August 8th
Odaily News: Crypto gaming startup Ultra will launch Ultra Arena, an esports competition platform based on the Ultra blockchain. The Ultra blockchain is a Layer-1 network that forked from the EOS blockchain.
Ultra Arena platform will go live on August 8, allowing individuals, brands, and organizations to create tournaments or leagues, with Ultra's UOS tokens, NFTs, and even physical products as prizes. Each prize is tokenized and can be traded on Ultra's Uniq Marketplace. (Decrypt)
Chain game Dimension X, based on the Flow blockchain, will launch NFTs on Ethereum on August 8
Odaily News: Chain game Dimension X, developed by game developer Crypthulhu Studios, will launch NFTs on Ethereum on August 8. Users can participate in a lottery to obtain NFT minting whitelists. The lottery will end on July 31st at 10 a.m. PST. The total supply of this series is 10,000, including 7,197 lottery minting and 2, 803 reserved snapshot slots. Unclaimed reserved snapshot slots will be added to the lottery.
According to the introduction, Dimension X is a free RPG game based on Flow blockchain with a comic book background. (ChainWire)
August 9th
Coinbase will officially launch the Base mainnet on August 9th
Odaily News- Coinbase announced that its L2 Base, built with OptimismOP Stack, will be open to the public on August 9th. Starting from Thursday, users can bridge their ETH to the Base network.
It is reported that over $68 million worth of ETH has entered the network via cross-chain transfers last week. (CoinDesk)
PancakeSwap will share trading fee income with CAKE token stakers starting from August 9th
Odaily News- PancakeSwap will distribute trading fee income to CAKE token stakers. Starting from August 9th, CAKE token stakers will receive 5% of the trading fees from all pairs on PancakeSwap v3 per week, including the 0.01% and 0.05% fee pools. It is reported that these two fee tiers account for approximately 80-90% of PancakeSwap v3 trading volume. (The Block)
The third season update of DeGods will be released on August 9th
Odaily News According to official sources, the update of DeGods Season 3 will be released on August 9th. Founder Frank tweeted that the content of the Season 3 update of DeGods will present a new style/aesthetic with the same features as the current series.
In addition, Frank stated that the Season 3 of DeGods will adopt a non-random "opening" mode to avoid the common occurrence of mass selling of low rarity NFTs after the "opening." He also emphasized that the style/aesthetic of the Season 3 will not be similar to the original DeGods. He mentioned that the art style of the original DeGods was quite bloody, but the art style of Season 3 is expected to be more popular among the general public.
August 10th
According to Odaily, the Official Committee of Unsecured Creditors of Celsius announced that the hearing on the "Disclosure Statement" of the bankruptcy restructuring plan of Celsius will be held on August 10th. At that time, the court will determine whether the disclosure statement provides sufficient information to the creditors for an informed vote on the plan. The court will also determine whether the debtor is authorized to solicit votes on the plan and arrange for a confirmation hearing. The debtor has requested the confirmation hearing to be scheduled for September 29th.
On July 17th, the debtor, the creditors' committee, the borrower task force, and certain Earn creditors will mediate with Judge Wiles regarding the relative treatment of Earn and loans in the plan. The committee hopes that all parties can reach an agreement on how to distribute the property value among the creditors fairly. On July 19th, the debtor and the committee plan to discuss the plan through Twitter Space with the Fahrenheit Consortium.
BNB Chain is expected to undergo a hard fork called Plato on August 10th.
Odaily reports that BNB Chain has released version 1.2.9 of its mainnet. This version introduces the Plato and Hertz (Berlin, London) hard forks, which have undergone comprehensive testing on the testnet and are ready to be deployed on the mainnet.
Plato Hard forks are expected to be deployed on August 10th (block height 30,720,096), and the Hertz hard fork is expected to be deployed on August 30th (block height 31,302,048). BNB Chain states that all validators and full node operators of the mainnet must switch their software version to v1.2.9 before August 10th.
dYdX will launch Public Testnet 2 on August 10th
Odaily reports that dYdX announced it will close dYdX Chain Public Testnet 1 on August 7th at 17:00 UTC (1:00 AM on August 8th Beijing time) and then reset and relaunch Public Testnet 2 on August 10th at 17:00 UTC (1:00 AM on August 11th Beijing time).
August 11th
US Judge to hold hearing on "whether to revoke more arguments for SBF bail" on August 11th
Odaily News: A US federal judge is set to hold a hearing on August 11th to hear more arguments on whether to revoke the bail of Sam Bankman-Fried (SBF). (The Block)
August 12th
No information available
August 13th
SEC needs to make a decision on ARK's Bitcoin ETF application on August 13th
According to Bloomberg ETF analyst James Seyffart, a picture was shared on Twitter, listing the key time nodes for the current submitted 19 b-4 applications for Bitcoin spot ETF review. Among them:
The next deadline for the SEC to make a decision on the ARK 21 Shares Bitcoin ETF application is August 13, 2023, and the final deadline is December 27, 2024;
The next deadline for the SEC to make a decision on the iShares Bitcoin Trust application is September 2, 2023, and the final deadline is March 15, 2024;
The next deadline for the SEC to make a decision on the Bitwise Bitcoin ETP Trust application is September 1, 2023, and the final deadline is March 14, 2024;
The SEC's next deadline for making a decision on VanEck Bitcoin Trust, Wisdomtree Bitcoin Trust, Invesco Galaxy Bitcoin ETF, and Fidelity's Wise Origin Bitcoin.Trust application decision next deadline is September 3, 2023, and the final deadline is March 16, 2024. SEC's next deadline for Valkyrie Bitcoin Fund application decision is September 6, 2023, and the final deadline is March 19, 2024. Other (specific time to be determined).
Waves Founder: Waves L2 Whitepaper to be Released Next Week
Odaily News reports that Sasha Ivanov, the founder of Waves, announced on Twitter that 21.5 million XTN tokens have been burned. Currently, only a small number of XTN holders have converted to L2 MP tokens, which allows them to enjoy high staking rewards. The Waves L2 Whitepaper will be released next week.
