Must-watch next week | Biden may attend Bitcoin roundtable; Mt.Gox will begin distributing BTC and BCH repayments early next month (7.1-7.7)

Next weeks highlights

The ASI (AGIX+OCEAN+FET) token merger plan will be implemented on July 1st ;

ether.fi released Season 3 and airdrop token distribution proposal, which is scheduled to start on July 1 ;

The U.S. SEC may approve the spot Ethereum ETF as early as July 4 (because the SEC returned the S-1 form again, it is expected that the approval probability on this date is low);

Biden may attend a Bitcoin roundtable in early July ;

Mt.Gox will begin distributing BTC and BCH repayments in early July ;

ZKsync: More than a dozen ZK Chains are ready for deployment next week, please pay attention to Elastic Chain ;

Blast: Details on point allocation for Phase 2 will be released next week .

From July 1 to July 7, more noteworthy events in the industry are previewed below.

July 1

Wyoming’s DUNA legal structure for DAOs goes into effect July 1

Odaily Planet Daily News: a16z General Counsel Miles Jennings posted on the X platform that Wyoming’s decentralized unincorporated nonprofit association (DUNA) legal structure for DAOs will take effect on July 1, 2024.

Jennings believes that DUNA can allow DAOs to be DAOs, provide legal existence, protect privacy, limit liability, mitigate consumer risks, promote decentralization, prepare tax strategies, maintain flexibility, and cooperate bipartisanship.

Gryphon Digital Mining is included in the Russell Micro-Cap Index, effective July 1

Odaily Planet Daily News: 100% renewable crypto mining company Gryphon Digital Mining announced that it has been included in the Russell Microcap Index. The index will take effect when the U.S. stock market opens on July 1. Gryphon said the move will promote growth and increase its visibility and attractiveness to institutional investors and funds.

Gryphon Digital Mining trades on the Nasdaq under the ticker GRYP and has a market cap of just under $50 million. At press time, the stock is trading at around $1.24 per share, down 83% year to date. (The Block)

Taiko: Plans to upgrade the BCR mainnet protocol to version 1.7.0 on July 1

Odaily Planet Daily News Taiko announced on the X platform that it will upgrade the Taiko BCR mainnet protocol to version 1.7.0 on July 1. This version is compatible with the current Taiko-geth and client version ABI, but includes underlying protocol changes that affect block proposers and provers.

Mint will launch its public mainnet on July 1

Odaily Planet Daily News: Mint, the Ethereum L2 network for NFT, announced on X that it will launch the public mainnet on July 1.

ASI (AGIX+OCEAN+FET) token merger plan will be implemented on July 1

Odaily Planet Daily News: Artificial Superintelligence Alliance announced major progress and updates regarding the ASI token merger.

The first phase is scheduled to start on July 1, 2024, with deposits and withdrawals of AGIX and Ocean starting to be closed across exchanges in preparation for the migration process, and deposits, withdrawals and trading of FET will continue as usual. The migration platform for AGIX and OCEAN to FET is open on the SingularityDAO DApp, allowing holders to convert their tokens to FET. The conversion rate is 1 AGIX to 0.433350 FET and 1 OCEAN to 0.433226 FET.

The second stage is the cross-chain deployment of ASI tokens. The FET network is upgraded to the ASI network. The migration contract from FET, AGIX, and OCEAN to ASI is opened. EVM and other bridges are opened, and trading platforms begin to migrate from FET to ASIs spot market.

io.net: Ignition Rewards Program Season 3 Claim Period to Start on July 1

Odaily Planet Daily News io.net announced on the X platform that the application period for the 1st and 2nd seasons of the Ignition Rewards Program will end at 11:00 UTC on June 18, 2024. Users with eligible wallets must claim before the claim window closes. The claim period for Season 3 will start at 13:00 UTC on July 1, 2024 (21:00 Beijing time).

Rabby Wallet: Season 2 points claim ends July 1

Odaily Planet Daily reported that the encrypted wallet Rabby Wallet posted a message on X saying that the application for its points activity Season 2 will end at 7:59 on July 1, and users still have one week to claim points.  

ETHFI DAO Releases Season 3 and Airdrop Token Distribution Proposal, to Begin on July 1

Odaily Planet Daily News ETHFI DAO released the ether.fi launch Season 3 and airdrop token distribution proposal. The proposal stated that 25 million ETHFI tokens will be airdropped to eligible ether.fi stakers in the third quarter, and the distribution will be based on community participation indicators and participation levels.

According to the proposal information, the start date of ether.fi Season 3 is July 1, 2024, and the end date is early September 2024. The airdrop distribution will be carried out shortly after the end of Season 3. During this period, Perks Passport will be launched, which is a new participation incentive framework that tracks users progress and achievements based on their participation in various DeFi activities and events, and rewards users for increasing their ether.fi loyalty points.

Opyn Markets, Opyn’s perpetual contract protocol, will launch on July 1

Odaily Planet Daily News: The decentralized options platform Opyn published a post on X stating that it will soon launch the perpetual contract agreement Opyn Markets. The platform supports any asset and provides linear, stable and option-like perpetual contracts. The landing page will be launched on July 1.

Sanctum Profiles Beta Released, Setup Available Until July 1st

Odaily Planet Daily News According to official news, Solana Ecosystem LST Protocol Sanctum announced the launch of Sanctum Profiles Beta version. Profiles is the users identity in the Sanctum world and is open to everyone, not just Wonderland users.

In the short term, Profiles will serve as a standard for the upcoming CLOUD, with the larger goal of empowering users to build identity and reputation in the community and allow users to showcase community roles, pets, achievements, and more.

Profiles is currently in the testing phase, and the official will improve it based on user feedback. During this period, its information will remain private and will only be visible to individual users. It will not support public search.

In addition, the time limit for setting profiles is until 12:00 on July 1, 2024.  

July 2

Parallel Network: Withdrawal function will be launched on July 2

Odaily Planet Daily News: The full-chain L2 network Parallel Network published a statement on the X platform stating that the withdrawal function will be launched on July 2, and users can withdraw assets from Parallel L2 to public chains, including ETH, Manta, Merlin-Chain and Arbitrum One.  

Kyber Network: Suspending Gas Refund Program V1 from July 2

Odaily Planet Daily News Kyber Network announced that it will temporarily suspend the Gas Refund Plan V1 from July 2, and said that the plan may be restarted with a different design. Previously, Kyber Network’s Gas Refund Plan V1 was implemented in July 2023.

Blast Ecosystem Particle Announces PTC Token Economics: Initial Airdrop of 20 Million Tokens, TGE on July 2

Odaily Planet Daily reported that Blast ecological decentralized leveraged trading protocol Particle announced the PTC token economics. Its maximum supply is 200 million, with the community accounting for 55%, contributors accounting for 21%, and investors accounting for 24%.

The initial airdrop is 20 million tokens (approximately 18.2% of the community allocated tokens), with a vesting period of 24 months; contributors and investors’ tokens are locked for 6 months.

In addition, TGE will be held at 18:00 on July 2.

July 3

Scroll will upgrade to Curie on July 3, and the gas fee will be reduced by 2 times

Odaily Planet Daily News Scroll published an article on the X platform stating that Curie will be upgraded on July 3, and the gas fee will be reduced by 2 times after the upgrade. The Curie upgrade uses the zstd algorithm to further compress the data stored in the blob. This compression can reduce the data size by 2.8 times, allowing each blob to store more transactions, thereby reducing the data availability cost of each transaction.  

Ronin: Goda upgrade is scheduled to go live on July 3

Odaily Planet Daily News: Ronin announced on the X platform that it plans to upgrade Goda at block 36052600 on July 3. In addition, Ronin also stated that the Tripp hard fork enables all validators to receive rewards by generating blocks every day, Aaron Hardfork introduces the upgradeability of Axie Land smart contracts, and REP-0014 proposes to implement Ethereums EIP-1559 to transfer gas fees to the Ronin Treasury.

July 4

The US SEC may approve the spot Ethereum ETF as early as July 4 (because the SEC returned the S-1 form again, it is expected that the approval probability on this date is low)

Odaily Planet Daily News Industry executives and other participants revealed that the U.S. Securities and Exchange Commission (SEC) may approve the spot Ethereum ETF as early as July 4, as negotiations between asset management companies and regulators have entered the final stage. Asset management companies including BlackRock, VanEck and eight others are seeking SEC approval for these funds. They said that the process of revising the issuance documents has progressed to the point where only minor problems need to be resolved. A lawyer working with one of the issuing companies also said that this only requires final touches and approval may not exceed a week or two.

Odaily Note: The latest news is that the U.S. Securities and Exchange Commission has returned the S-1 form to potential Ethereum spot ETF issuers with a small number of comments. Issuers are required to process these comments and resubmit by July 8. This means that at least one more round of filings will be required before the ETF finally starts trading.

The UK will hold a general election on July 4, and the Conservative Party may step down. The future of the cryptocurrency center plan is unclear.

Odaily Planet Daily News: The UK will hold an early general election on July 4, which may cause the Conservative Party, which supports cryptocurrencies, to lose power. The Conservative Party is committed to making the UK a cryptocurrency center and promoting legislation to recognize digital assets as regulated financial services. In March of this year, Prime Minister Rishi Sunak reiterated the cryptocurrency legislation plan at 10 Downing Street, and it is expected that stablecoin and pledge-related legislation will be introduced within a few weeks, but no specific plan has been proposed.

In the 2019 general election, the Conservative Party won 365 seats in the House of Commons, while the Labour Party won 202 seats. However, the Conservative Party has experienced four prime ministers, including Liz Truss, who served the shortest term, and Boris Johnson, who resigned due to scandal. According to the latest polls, the Labour Party is leading in the upcoming general election and plans to make the UK a tokenization center and supports the Bank of Englands digital pound plan, but has not yet expressed its position on cryptocurrency legislation.

This election will not only determine the fate of the Conservative Party, but will also affect the future of the UKs cryptocurrency center plan.

Wormhole Reminder: W airdrop claim window will close at 7:59 on July 4

Odaily Planet Daily News Wormhole and X issued a reminder: The W airdrop claim window will close at 7:59 on July 4.

Loopring: TAIKO airdrop token collection will end on July 4

Odaily Planet Daily News Loopring announced on the X platform that the TAIKO airdrop token collection will end on July 4.

Degen: Airdrop 2 Season 6 will be launched on July 4

Odaily Planet Daily News: Degen announced on the X platform that the second round of airdrops, Airdrop 2 Season 5, will be extended to July 4, and Season 6 will be launched on July 4.

July 5

Space Nation announces Closed Beta 2.0 will be officially launched on July 5

Odaily Planet Daily reported on June 28 that Space Nation officially announced that the Closed Beta 2.0 test version will be officially launched on July 5.

This Closed Beta 2.0 test version will bring updates to various functions and upgrades to many systems, including new personal and guild gameplay, ship rental, crew, weapons, component NFT, etc. In addition, the Proof of Contribution system will be reopened, with an airdrop of one million OIK as a reward.

It is worth noting that this Closed Beta 2.0 test version is still a deleted file test with qualification restrictions. Players can obtain activation codes by holding Space Nation ecosystem NFTs, participating in Space Trek, Space Nation: Orion and future events, and thus obtain the qualification to enter the game.

July 6

None  

July 7

=nil; Foundation will launch the first Devnet zkSharding MVP on July 7

Odaily Planet Daily News ZK technology developer =nil; Foundation announced on X that it will launch its first Devnet - zkSharding MVP on EthCC on July 7.

In the meantime, interested parties can submit an application through the official link for a chance to join a selected group of developers who can test the Devnet first.

Taiko: Trailblazers Trail 3 event extended by two weeks to July 7

Odaily Planet Daily reported that according to official news, Taiko, the Ethereum second-layer network based on zkRollup, said that the Trailblazers Trail 3 game activity was extended for two weeks to July 7. Users who play games on Taiko and conduct in-game on-chain activities will receive the Bouncer Faction badge, which can also get bonus points.

Currently, the incentive activity includes 9 games: Looperlands, CrackStack, 0x Astra, 21 BJ, EVM Warfare, Stupid Monkeys, Swords Dungeons, Ultiverse, and Zypher Network.

Others (specific time undetermined)

Biden may attend Bitcoin roundtable in early July

Odaily Planet Daily reported that Biden may attend a Bitcoin roundtable with key congressional officials in Washington, DC. The proposed meeting, led by U.S. Congressman Ro Khanna, will discuss how to keep Bitcoin and blockchain innovation within the United States.

U.S. Congressman Ro Khanna will host a Bitcoin and Blockchain Roundtable in Washington, D.C. in early July, describing it as “the most important meeting between blockchain policymakers and innovation leaders to date.” The roundtable is expected to feature officials from the Biden administration, the House of Representatives, and the Senate, as well as American businessman Mark Cuban. The main goal of the meeting is to strategize on how to keep “Bitcoin and blockchain innovation in the United States.”

Mt.Gox will begin distributing BTC and BCH repayments in early July

According to market news from Odaily Planet Daily, Mt.Gox will start distributing Bitcoin and Bitcoin Cash repayments in early July 2024.

ZKsync: More than a dozen ZK Chains are ready for deployment next week, please pay attention to Elastic Chain

Odaily Planet Daily News ZKsync published an article on X saying: In 2022, ZKsync proposed the vision of ZK Chain: a fully customizable autonomous L2 based on ZK Stack.

Right now, more than a dozen ZK chains are ready for deployment. Next week, we’ll see how seamlessly these ZK chains can work together. Stay tuned on Elastic Chain.”

Blast: The details of the second phase of point allocation will be released next week

Odaily Planet Daily News Blast posted on the X platform that it has received a lot of questions about the second phase plan, how users and teams can participate, and how it works in general. In response, Blast said that there will still be points and gold points in the second phase, but based on the lessons learned from the first phase, the distribution mechanism will be different, and the details will be released next week.

Starknet ecosystem zkEVM network Kakarot announces that it will launch a “farm” activity next week

Odaily Planet Daily News: Kakarot, a zkEVM network based on Starknet, released a video on X, announcing that it will launch a “farm” activity next week.

Kakarot is still in the testnet stage and has not yet been launched on the mainnet, so it is not yet clear what the details of the so-called farm activity will be.

Layer 3 Foundation to announce L3 token economics details next week

Odaily Planet Daily News Layer 3 Foundation announced on X that it will release detailed L3 token economics next week.

Earlier in May, the Layer 3 Foundation announced on the X platform that it would launch the L3 token in early summer this year, with a total of 300 million tokens, and the community allocation accounted for 51% of the total supply.