Must-watch next week | Ethereum spot ETF S-1 is expected to be approved; Sanctum will open airdrop applications (7.15-7.21)

Next weeks highlights

President of The ETF Store: Ethereum spot ETF is more likely to be launched in the week of July 15 ;

Bloomberg ETF analyst: The U.S. SEC may approve the spot Ethereum ETF on July 18 ;

Grayscale: ETHE will distribute 10% of its ETH to the Ethereum Mini Trust, with July 18 as the registration date ;

Sanctum: CLOUD airdrop will be available on July 18th ;

Trump to announce his vice presidential pick next week, crypto-friendly Senator JD Vance expected to win

The 137th Ethereum ACDC meeting: Pectra Devnet 1 will release a new version of the testnet next week ;

ether.fi Foundation: Season 2 claims will start next week, and Sybil addresses are being removed ;

From July 15 to July 21, more noteworthy events in the industry are previewed below.

July 15

The ETF Store President: Ethereum spot ETF is more likely to be launched in the week of July 15

Odaily Planet Daily News: Nate Geraci, president of The ETF Store, wrote on X last week: I would be shocked if the spot Ethereum ETF is not listed and traded in the next two weeks. It is possible to launch later next week, but it is more likely to be the week of July 15.  

Zero-knowledge proof blockchain Gevulot to launch Firestarter mainnet on July 15

Odaily Planet Daily reported that the zero-knowledge proof blockchain Gevulot will launch the mainnet prover network Firestarter on July 15. Gevulot Devnet is currently a free public welfare testnet for registered users. Whitelisted projects will gain public access to the mainnet. Gevulot also explained in depth the ZK Endgame and its ZK method, which ultimately makes the computational and cost overhead of verifiability close to zero. The Gevulot roadmap includes the release of an incentivized computing network in the third quarter of 2024, and the ZkCloud mainnet is expected to be released in the first fiscal quarter of 2025. ZkCloud is a decentralized computing network optimized for offloading arbitrary provable computations to solve the problems of the current proof infrastructure and accelerate the adoption of zero-knowledge proofs. Earlier news, Gevulot completed a $6 million seed round of financing in January 2024, led by Variant.

Parcl announces the details of the second PRCL community distribution: PPP S 1 distribution accounts for 6% of the total supply, and the application page will be open on July 15

Odaily Planet Daily News: Solana ecological real estate digital investment platform Parcl announced the details of the second PRCL token community distribution.

The Perpetual Points Program (PPP) Season 1 distribution involves 6% of the total supply (i.e. 60,000,000 PRCL tokens), of which 4% of the tokens (40,000,000) are linearly distributed according to the S1 leaderboard and 2% of the tokens (20,000,000) are allocated to S1 traders.

To ensure the overall consistency of the ecosystem, this distribution includes both vesting and streaming components. PRCL tokens will be divided into three vesting/streaming plans based on the amount of user stake.

Staking is now open, with each epoch starting at 00:00 UTC on Thursday, and a snapshot will be taken next Thursday (July 11) to determine the vesting schedule. The PPP Season 1 claim page will be open on July 15.

Solend Season 2 will airdrop 1.1 million SLND rewards, open for claiming on July 15

Odaily Planet Daily News Solana Ecosystem Lending Protocol Solend announced that Season 2 will end at 21:00 today, and a total of 1.1 million SLND will be distributed to users. All deposits with collateral enabled between April 11 and July 12 are eligible for rewards, and deposits made before April 17 and maintained to date will receive 2x rewards. Users can view and claim rewards at 21:00 on July 15.

DOGS announced that it will donate the collected Telegram Stars to charity, and the activity will end on July 15th

Odaily Planet Daily reported that TON ecological meme project DOGS announced in its official channel that the activity of using Telegram Stars to purchase DOGS points will end on July 15, and 100% of the obtained Telegram Stars will be donated to charities. The specific charities selected will be selected through community voting.

According to previous news, the TON ecosystem Meme project DOGS applet has launched a new function, which allows users to use Telegram Stars to purchase DOGS points. 1 Telegram Star can purchase 1 DOGS point.

July 16

South Korean Crypto Exchange GDAC to Terminate Services on July 16

Odaily Planet Daily reported that the Korean crypto exchange GDAC announced that it will terminate its service due to system reorganization, and the service end date is July 16. From the end of the service on July 16, automatic withdrawals will be converted to manual withdrawals, and GDAC will implement a separate withdrawal fee policy for manual withdrawals.

Earlier, the South Korean crypto trading platform GDAC announced that it had been hacked and lost nearly $13 million in assets, including nearly 61 bitcoins, 350.5 ethers, 10 million WEMIX and 220,000 USDT, accounting for 23% of its total custodial assets. (News 1)

Layer 1 blockchain Chromia will launch MVP mainnet on July 16

Odaily Planet Daily News Layer 1 blockchain Chromia announced that its MVP mainnet will be launched on July 16. After the launch of the MVP mainnet, it will support users to cross-chain CHR from Ethereum and BNBChain to Chromia. In addition, Chromia plans to provide native staking services in the third quarter.

Pudgy Penguins: The “Pudgy Wizard” series will be released on NTWRK on July 16

Odaily Planet Daily News Pudgy Penguins announced on X that the Pudgy Wizard series will be released exclusively on NTWRK at 8:45 Beijing time on July 16 (20:45 EST time on July 15).

Dough Finance asks hackers to respond or return funds before 7:00 on July 16

Odaily Planet Daily News Cyvers Alerts monitoring shows that Dough Finance has sent an on-chain message to the hacker, hoping to discuss the next steps to resolve the issue. Dough Finance requires the hacker to send them an email or return the funds before 23:00 UTC time on July 15, 2024 (7:00 Beijing time on July 16), otherwise they will face legal action.

Earlier news reported that Dough Finance was hacked and suffered a loss of $1.81 million.

July 17

Binance plans to perform wallet maintenance on July 17 and suspend deposits and withdrawals for about an hour

According to the official announcement, Binance will perform wallet maintenance at 15:00 (ET on July 17, 2024). To support this maintenance, Binance will suspend all network deposits and withdrawals at 15:00 (ET on July 17, 2024). The maintenance is expected to take 1 hour, and deposits and withdrawals will be automatically resumed after the maintenance is completed. During the wallet maintenance, users can trade tokens normally.  

July 18  

Source: SECs closed-door meeting next Thursday may be related to Ripples lawsuit settlement

Odaily Planet Daily reported that the SEC plans to hold a closed-door meeting next Thursday (July 18). Although the official agenda has not yet been disclosed, sources said the meeting may resolve the Ripple lawsuit and potential settlement plans.

The notice outlines the agenda for the meeting, including the filing and resolution of injunctions, administrative proceedings, litigation claims, and other matters related to review and enforcement proceedings. Although the notice does not explicitly mention Ripples case, the crypto community speculates that the Ripple lawsuit will be the focus given its prominence and the SECs involvement in multiple legal proceedings. (Coin Edition)

Bloomberg ETF Analyst: US SEC May Approve Spot Ethereum ETF on July 18

Odaily Planet Daily News: Bloomberg ETF analyst Eric Balchunas predicts that the US SEC may approve the spot Ethereum ETF on July 18.

Grayscale: ETHE will allocate 10% of its ETH to the Ethereum Mini Trust, with July 18 as the registration date

Odaily Planet Daily reported that Grayscale announced that July 18, 2024 will be set as the registration date for the first creation and distribution of Grayscale Ethereum Mini Trust (Ethereum Mini Trust) shares to Grayscale Ethereum Trust (ETHE) shareholders.

Grayscale plans to launch the Ethereum Mini Trust on the New York Stock Exchange Arca under the trading symbol ETH after obtaining regulatory approval.

In addition, in the first distribution, ETHE will contribute 10% of its Ethereum holdings as of 16:00 EST on the record date to the Ethereum Mini Trust, and each holder of ETHE shares as of 16:00 EST on the record date will be entitled to receive Ethereum Mini Trust shares at a 1:1 ratio. (Globenewswire)  

Sanctum: CLOUD airdrop will be available on July 18

Odaily Planet Daily News: Solana ecosystem liquidity pledge protocol Sanctum posted on the X platform that the LFG website will be launched on Tuesday (July 16), and users can check airdrop allocations; Alpha Vault will be open. CLOUD will be officially launched on Thursday (July 18), and users can claim airdrops and start trading CLOUD.

Polyhedra Network will launch the next staking program on July 18

Odaily Planet Daily News Polyhedra Network announced on X that the next staking plan will start on July 18. The previous staking plan has ended and the rewards have been distributed.  

Flipster launches free TON and USDT withdrawal activity on TON network, ending on July 18

Odaily Planet Daily News: According to an official TON post on the X platform, users can withdraw TON and USDT for free on the TON network through @flipster_io, with the deadline being July 18.

July 19

South Koreas Cabinet passed the Virtual Asset User Protection Act executive order, which will take effect on July 19

Odaily Planet Daily News: South Koreas Cabinet passed the Virtual Asset User Protection Act executive order, which will take effect on July 19. The decree aims to protect virtual asset users and regulate the order of the virtual asset market. According to the new law, virtual asset service providers (VASPs) must protect user deposits through banks and isolate users virtual assets from the Internet to prevent risks such as hacker attacks.

In addition, the Financial Services Commission will establish a Virtual Asset Committee to provide policy and regulatory advice on the cryptocurrency market. The new law also provides for criminal penalties and fines for unfair trading practices such as the use of undisclosed important information and market manipulation. Virtual asset service providers have the right to stop users cash and virtual asset deposits and withdrawals under reasonable circumstances. (Economic Herald)

Upbit revised its user terms of use, involving a total of 36 clauses and planned to be implemented on July 19

According to an official announcement, the cryptocurrency exchange Upbit announced the revision of its user terms of use, and the revised terms and conditions will be effective from July 19, 2024. It is reported that there are a total of 36 revised terms, which point out that the digital assets on its platform have the same meaning as the virtual assets defined in South Koreas Virtual Asset User Protection Act.

The first aggregated cross-chain inscription BTIA on the Denim protocol will start minting on July 19

Odaily Planet Daily News: The innovative Denim protocol independently developed by Inscription Alliance has issued the first aggregated cross-chain inscription BTIA, and will publicly mint on July 19, 2024.

The Denim protocol aims to solve the pain points of insufficient liquidity and interoperability in the current inscription track. Denim Swap built on this protocol can realize the interaction between various protocols and public chains.

It is reported that BTIA, as the first leading inscription of the new Denim protocol, plans to participate in Mint and the number of registrations has reached 150,000.  

July 20

Lista DAO airdrop collection will end at 17:00 on July 20

Odaily Planet Daily News: The Lista DAO airdrop collection window will be open for 30 days, ending at 17:00 on July 20.  

July 21

None

Others (specific time undetermined)

Trump to announce his vice presidential pick next week, crypto-friendly Senator JD Vance expected to win

Odaily Planet Daily News: Data from the Polymarket forecasting platform shows that crypto-friendly Senator JD Vance has a 29% chance of becoming Trumps running mate. According to reports, Trump is expected to announce his vice presidential candidate next week.

The 137th Ethereum ACDC meeting: Pectra Devnet 1 will release a new version of the testnet next week

Odaily Planet Daily reported that Christine Kim, vice president of research at Galaxy, published an article summarizing the main content of the 137th ACDC conference call. Developers discussed the progress of Pectra Devnet 1 and PeerDAS Devnet 1, as well as the fork choice test generation research led by Consensys research team TxRx.

The CL and Execution Layer (EL) clients are ready for the release of Pectra Devnet 1, and developers expect to launch the next testnet next week.

According to EF DevOps engineer Barnabas Busa, the CL client team is working on fixing the bugs in PeerDAS Devnet 1. Once all the client fixes are complete, the developers plan to relaunch PeerDAS Devnet 1 this weekend.

The TxRX research team has implemented an initial version of the fork choice test generator. The test generator is designed to identify bugs in client software that could cause a chain split, as well as any areas where client software could deviate from the CL specification in a significant way.  

ether.fi Foundation: Season 2 claims will start next week, and Sybil addresses are being removed

Odaily Planet Daily News: The ether.fi Foundation announced on the X platform that it will open Season 2 claims next week. The team is working hard to implement the feedback provided by the claim checker to ensure that accurate allocations are provided to users. Once it is confirmed that accurate allocations have been provided (including the removal of witch addresses), it will go online. It will continue to be updated after the date is determined, and remind users to pay attention to the official link.