Highlights:
- ProShares to launch Ethereum Strategy ETF (EETH) on October 2nd
- SEC approves Valkyrie’s conversion of its existing Bitcoin Futures ETF to a Bitcoin and Ethereum Futures ETF, the new fund will officially take effect on October 3rd
- Jury selection for the SBF trial will take place on October 3rd, with the trial starting the following day
- Sui (SUI) will unlock approximately 34.62 million tokens worth about $16.6 million at 8:00 am on October 3rd
- The UK Financial Conduct Authority will impose stricter regulations on crypto advertisers starting from October 8th
For more weekly highlights, please click to download the LianGuaiNews APP and follow the event calendar section introduced by LianGuaiNews. Read more instant blockchain news and in-depth articles anytime, anywhere on LianGuaiNews.
October 2nd
Exchange:
Binance will temporarily suspend liquidity provision to the ETH/BETH or BETH/USDT liquidity pool starting from 12:00 on October 2nd
- LianGuai Daily | Bitwise launches two Ethereum futures ETFs; Brazil launches digital identity card based on private blockchain
- Exploring the Rise of Telegram Bots A New Era of Cryptocurrency Interaction
- Kraken is about to enter the US stock trading market, as regulatory and bear market conditions prompt cryptocurrency platforms to seek new paths.
Binance has issued an important update regarding BETH and WBETH. BETH will continue to be used for ETH staking rewards, while WBETH can be used for trading, as collateral for Binance’s lending and borrowing service, and participation in DeFi projects on non-Binance platforms. Starting from 12:00 on October 2nd, users will be unable to add liquidity to the ETH/BETH or BETH/USDT liquidity pool. The ETH/BETH and BETH/USDT liquidity pools will be removed after 12:00 on October 6th. Users holding positions in these liquidity pools will automatically receive their deposited assets in their spot wallets after 12:00 on October 6th.
Project Updates:
ProShares to launch three cryptocurrency ETFs on October 2nd
ProShares has announced the launch of the Ethereum Strategy ETF (EETH) on October 2nd. Additionally, ProShares will also launch the Bitcoin and Ethereum Equal Weight Strategy ETF (BETE) and the Bitcoin and Ethereum Market Cap Weight Strategy ETF (BETH). These three ETFs will be listed on the NYSE and will be accessible to investors through brokerage accounts without the need for cryptocurrency custodians, trading accounts, or wallets. It is reported that ProShares launched the first Bitcoin-linked ETF, BITO, in 2021, and the first Bitcoin short ETF, BITI, in 2022. ProShares now offers a total of five cryptocurrency ETF products.
Celsius bondholders vote in favor of the restructuring plan, the case will be heard at the hearing on October 2nd
A majority of bondholders affected by Celsius’ bankruptcy have voted in favor of a restructuring plan, with support exceeding 98%. Under the plan, the debtor will distribute approximately $2 billion worth of Bitcoin and Ether to the bondholders, as well as equity in a new company (NewCo). The plan has received support from the Official Committee of Unsecured Creditors. The United States Bankruptcy Court for the Southern District of New York will hear the case at a hearing scheduled for October 2nd and make a final ruling on approval. NewCo will take over Celsius’ business and be managed by the Fahrenheit Group, which won the Celsius asset auction bid in May of this year.
Hacker Attack: HTX Hot Wallet Stolen $7.9 Million, Deadline for Voluntary Return is October 2nd
Yesterday, it was discovered that a certain EOA address received 5000 ETH from HTX, and this morning it was found that HTX has migrated its hot wallet. It has been confirmed that HTX’s hot wallet has been attacked, resulting in a loss of $7.9 million, and the hacker’s address has been disclosed. HTX has issued a statement on the blockchain, calling out to the hacker, stating that if the funds are returned before October 2nd, a 5% white hat bonus will be provided, otherwise legal authorities will be involved.
Injective to Launch .inj Domain Registration on October 2nd
Injective, a Layer 1 blockchain based on Cosmos, is partnering with the decentralized domain protocol SLianGuaiCE ID to hold an auction for .inj domains from September 20th to September 25th, with pre-registration for .inj domains taking place from September 26th to October 1st. Public registration will commence on October 2nd.
Community Activities:
Arbitrum Odyssey Event Restarted, First Week’s Tasks End at Midnight on October 2nd
Ethereum Layer 2 scaling solution Arbitrum announced on the X platform that the Odyssey event has been restarted, with the first task starting on GMX. The first week’s tasks will run from midnight on September 27th to midnight on October 2nd, including leveraged trading on GMX V2, sharing GMX referral links on social media, and following GMX on social media. Arbitrum reminds users that after completing the GMX tasks, it will take a few days to prove eligibility for claiming the NFT badge, as qualification information needs to be manually updated this week.
Sui Liquidity Staking Hackathon Results to be Announced on October 2nd
The Sui liquidity staking hackathon is now open for registration. The hackathon officially opened for registration on August 16th and will compete in the form of a Demo Day from September 27th to 30th, with results to be announced on October 2nd. The prize pool for this hackathon includes 25 million staked SUI tokens and $125,000 worth of SUI tokens.
Governance Voting:
dYdX Community Proposes Distributing $20 Million Worth of DYDX to V4 Early Adopters, Voting Ends on October 2nd
The dYdX community will vote on the “dYdX V4 Launch Incentives Program” proposal, initiated by blockchain security firm Chaos Labs, which proposes distributing $20 million worth of DYDX tokens as rewards to early adopters of dYdX V4, in order to encourage seamless migration of users and trading volumes to V4, stimulating protocol growth and guiding trading volumes. The voting for this proposal will end on October 2nd.
October 3rd
Project Updates:
SBF Trial: Jury Selection on October 3rd, Trial Begins the Next Day
SBF’s representative lawyer, Mark Cohen, argued that there are flaws in the jury selection process proposed by the U.S. government, which could result in an unfair trial for SBF. Cohen emphasized that the court must remind potential jurors that SBF is entitled to the presumption of innocence until proven guilty beyond a reasonable doubt. He also believes that the language used in the jury selection process has portrayed a biased image, assuming that SBF is guilty of fraud and money laundering. Jury selection will begin on October 3rd, and the trial will start on October 4th.
Valkyrie’s “Bitcoin Futures ETF Converted to Bitcoin and Ethereum Futures ETF” Application Approved by SEC, Effective October 3
The U.S. SEC has approved Valkyrie’s conversion of its existing Bitcoin Futures ETF to Bitcoin and Ethereum Futures ETF. The new fund will be renamed “Valkyrie Bitcoin and Ethereum Strategy ETF” and will officially take effect on October 3, with the code remaining as BTF. A spokesperson said that Valkyrie Bitcoin Strategy ETF has started increasing exposure to Ethereum futures contracts, making it the first ETF in the U.S. to offer exposure to both Ethereum and Bitcoin futures contracts. Valkyrie’s Ethereum Futures ETF was approved first because it “supplemented the prospectus and updated the risk disclosures related to Ethereum futures.” Valkyrie stated that it will not purchase Ethereum futures until the SEC’s approval becomes effective.
Community Activities:
Consensys’ Web3 Fellowship Program Now Open for Applications, Deadline October 3
Consensys has launched a 12-week Web3 Fellowship program, offering guidance, workshops, and potential investments of up to $1.5 million without taking equity. It is suitable for early-stage teams (up to 5 members). Applications opened today and will close on October 3, 2023. The fellowship start date will be November 6, 2023, and the demo day will be on April 5, 2024.
Governance Voting:
Lido Community Preliminarily Passes Proposal “Add 7 Node Operators,” On-Chain Voting to be Held on October 3
The Lido community has voted in favor of the proposal “Add 7 Ethereum Operators” in a snapshot vote, with a support rate of 99.99%. The proposed 7 Ethereum operators include a4x Inc., Develp GmbH, Ebunker Technology LIMITED, Gateway.fm AS, Numic, LianGuairaFi Technologies LLC, and Rockaway Blockchain GP Ltd. Ebunker.io is reported to be the only Chinese company among the shortlisted ones. Next, the Lido community will conduct an on-chain Aragon vote on October 3, 2023, to add the 7 node operators to the Curated Operator Set.
Token Unlocking:
Sui (SUI) to Unlock Approximately 34.62 Million Tokens on October 3 at 8 am, Worth About $16.6 Million
dYdX (DYDX) to Unlock Approximately 2.16 Million Tokens on October 3 at 11 pm, Worth About $4.27 Million
October 4
Project Updates:
Premier League’s Tottenham Hotspur FC to Launch Fan Token SPURS on Chiliz on October 4
Premier League’s Tottenham Hotspur FC will launch the fan token SPURS on Chiliz. The fan tokens will be sold at a price of $2 per token on October 4, and token holders will be able to participate in online voting and receive certain rewards and experiences.
Governance Voting:
Uniswap Foundation announces a $62.37 million funding proposal, to be voted on-chain on October 4th
The Uniswap Foundation has released a proposal stating that the initial funding requested was $74 million, and they received $17.3 million in the first phase. Now, they are applying for an additional 10% buffer fund for the second phase (the remaining $56.7 million), bringing the total to $62.37 million. The vote will take place on-chain on October 4th. This funding will be used to support the Uniswap ecosystem, including developer support and research funding. Additionally, the Uniswap Foundation has announced several future plans, including further development of the Hooks ecosystem, the launch of the TL;DR Fellowship in October 2023, continued support for IRL representative events, and the construction of more digital connectivity methods. The Uniswap Foundation also plans to achieve larger goals in 2024 and beyond, such as expanding its ecosystem, innovating, and strengthening governance.
Token Unlock:
Tornado Cash (TORN) will unlock approximately 22,000 tokens, worth about $70,000, at 11:06 on October 4th
October 5th
Policy Regulation:
US CFTC Commissioner: Digital Assets Subcommittee to release regulatory standards proposal on October 5th
US CFTC Commissioner Caroline Pham announced at the Korea Blockchain Week that the Digital Assets Subcommittee plans to establish regulatory standards for digital assets within the next two years and will release related proposals on October 5th. Pham stated that the goal of the subcommittee is to define digital assets. She emphasized the importance of distinguishing whether digital assets are financial or non-financial assets, as digital assets can be non-financial assets. Therefore, applying the same regulations as financial assets is not universal. Pham also pointed out the need to regulate DeFi. Regarding code-based DEX, regulatory issues can be discussed by focusing on algorithms. It is reported that the Digital Assets Subcommittee was established in February this year, with LianGuailm serving as the chairman responsible for formulating regulatory proposals for digital assets.
Token Unlock:
1inch (1INCH) will unlock approximately 287,000 tokens, worth about $80,000, at 8:00 on October 5th
Galxe (GAL) will unlock approximately 416,000 tokens, worth about $540,000, at 20:00 on October 5th
Liquity (LQTY) will unlock approximately 657,000 tokens, worth about $700,000, at 8:00 on October 5th
October 6th
Exchange:
Cryptocurrency exchange Luno to prohibit some UK customers from investing in cryptocurrencies starting from October 6th
Nick Taylor, Head of Public Policy at cryptocurrency exchange Luno, stated in a statement that the company plans to prohibit some UK customers from investing in cryptocurrencies. An email from a Luno customer showed that they would be unable to buy or trade cryptocurrencies starting from October 6th. Taylor stated that the Financial Conduct Authority (FCA) has implemented new rules for cryptocurrency companies. Therefore, all compliant cryptocurrency companies with UK customers are making adjustments to their platforms to comply with the new regulations. Affected Luno customers can still sell cryptocurrencies and make withdrawals.
Bybit Cryptocurrency Exchange to Suspend its UK Services on October 6th
Bybit, a cryptocurrency exchange, announced that from 16:00 on October 1, 2023 (Beijing time), it will no longer accept new account applications from any confirmed residents/citizens of the UK (“UK customers”). From 16:00 on October 8, 2023, UK customers will no longer be able to make any new deposits, create new contracts, or add any new positions for all products and services. However, they can reduce and close positions and withdraw funds from the platform. UK customers affected by these measures are advised to take action to manage and reduce positions by 16:00 on January 8, 2024. After the specified deadline, their open positions will be liquidated, and the liquidation funds will be available for withdrawal.
Project Updates:
Aptos Labs Collaborates with Universal Pictures to Launch Immersive Digital Experience for “The Exorcist: Legion,” Premiering on October 6th
Aptos Labs has partnered with Universal Pictures to create a digital experience for the upcoming film “The Exorcist: Legion,” which is set to premiere on October 6th. Users who purchase tickets through Fandango will receive a digital experience redemption code, through which they can collect exclusive artwork, watch behind-the-scenes footage, and use AR filters themed around “The Exorcist.”
BIS Seeks Blockchain-Based Solutions for Sustainable Finance, Call for Tech Proposals Open until October 6th
The Bank for International Settlements (BIS) is launching the COP28 UAE TechSprint in collaboration with the COP28 Presidency and the Central Bank of the United Arab Emirates (CBUAE). This global initiative aims to promote innovation in expanding sustainable finance and addressing climate change. The problem statements focus on the application of artificial intelligence, blockchain, Internet of Things, and sensor technologies. The initiative calls for blockchain solutions to audit and enhance transparency, traceability, and accountability in sustainable finance. The program is open to developers worldwide. Technical proposals can be submitted for one or more problem statements until October 6, 2023. Shortlisted teams will be invited to further develop their solutions, with each team eligible for a grant of 45,000 dirhams (approximately $12,000).
Governance Voting:
Arbitrum Security Council First-Round Voting Elects 24 Nominees, Final Round of Voting to Take Place on October 6th
The first-round voting for the Arbitrum Security Council election has concluded, and 24 nominees have qualified for the next round. The Arbitrum Foundation has initiated the compliance process for the 24 eligible candidates, which will last for two weeks until October 6, 2023. In addition, the final round of voting will begin on October 6th to determine the next members of the Security Council.
Arbitrum Community Initiates “Short-Term Incentive Plan” Proposal, Second Round of Voting to Commence on October 6th
The Arbitrum community has initiated the “Arbitrum Short-Term Incentive Program” AIP proposal, which aims to allocate up to 75 million ARB tokens as rewards to active Arbitrum protocol participants from the DAO treasury, in order to meet the short-term needs of the community. The proposal consists of two parts: the financial proposal and the application process. The financial proposal involves distributing 75 million ARB tokens to the multi-signature address of the program, with an additional 37 million ARB tokens allocated to the community/project promotion operating budget.
The program will have two voting rounds, with a snapshot vote taking place on September 8th. The first round will take place from September 15th to October 6th, including on-chain voting, application, review, voting, and fund allocation. The second round will take place from October 6th to October 27th, involving application, review, voting, and fund allocation in sequence.
Token Unlocking:
Nym (NYM) will unlock approximately 12.5 million tokens, worth about $1.43 million, on October 6th at 8 am.
October 7th
Token Unlocking:
Hashflow (HFT) will unlock approximately 3.23 million tokens, worth about $1.13 million, on October 7th at 8 am.
ImmutableX (IMX) will unlock approximately 18.08 million tokens, worth about $10.88 million, on October 7th at 6 pm.
October 8th
Regulatory Policy:
The UK Financial Conduct Authority (FCA) will implement stricter regulatory rules for cryptocurrency advertisers starting from October 8th.
The Financial Conduct Authority (FCA) has announced that cryptocurrency service advertisers will face stricter regulations in the UK starting from October 8th. Cryptocurrency companies must introduce a “cooling-off period” for first-time investors from October 8th, and investment incentives such as “referral bonuses” or “new joiner bonuses” will be prohibited. Today’s measures against cryptocurrency advertising are consistent with the restrictions introduced last year for advertisements of high-risk investments.
After the announcement, the UK Financial Conduct Authority reminded cryptocurrency companies to comply with marketing compliance regulations starting from October 8th. Jayson Probin, Head of Crypto Asset Promotion at the FCA, stated that companies that do not comply with the regulations may face criminal charges. The FCA also stated on its official website that marketing by cryptocurrency asset companies must be “clear, fair, and not misleading.”
Token Unlocking:
Moonbeam (GLMR) will unlock approximately 3.04 million tokens, worth about $0.71 million, on October 8th at 8 am.
Like what you're reading? Subscribe to our top stories.
We will continue to update Gambling Chain; if you have any questions or suggestions, please contact us!
