This Week Noteworthy Events(2024.3.4-2024.3.10)

Solana: Next Global Solana Foundation Hackathon Set to Launch on March 4th

Solana Officially Announces the Next Global Solana Foundation Hackathon to Kick Off on March 4, 2024, and Conclude on April 8, 2024, Spanning Five Weeks. It is reported that this edition of the Solana Hackathon will be operated by the independent organization Colosseum, with registrations currently open.

SEC Delays Approval Date for Fidelity Ethereum ETF to March 5th

According to a document released on Thursday, the U.S. Securities and Exchange Commission (SEC) has extended the deadline for its decision on Fidelity's proposed spot Ethereum exchange-traded fund (ETF) to March 5th.

The SEC stated, “The Commission believes that designating a longer period within which to take action on the proposed rule change is appropriate so that it has sufficient time to consider the proposed rule change and the issues raised therein.”

Fidelity applied for the Fidelity Ethereum Fund in November, citing in its proposal a court ruling last year where a judge stated that the SEC failed to provide sufficient reasoning to reject spot crypto ETFs, while it had already allowed futures-based products at the time.

ALT Airdrop for Celestia Stakers Ending on March 5th

AltLayer posted an announcement on the X platform regarding updates to the first season airdrop of ALT tokens for Celestia stakers. The distribution phase for eligible users who have completed registration will only take place during the following timeframe: from 16:00 on February 20th to 16:00 on March 5th (UTC+8).

Closing of Airdrop Claim Window for Connext Network on March 5th

According to official sources, Layer2 interoperability protocol Connext has announced that the window for claiming the Connext airdrop will close at 1:00 PM UTC on March 5th (9:00 PM Beijing time on March 5th). Connext reminds users not to wait until the last moment to avoid any issues, as the claiming window will not be extended.

Uniswap Initiates Vote on “Activate Uniswap Protocol Governance” Proposal, Expected to End on March 7th

Uniswap has initiated a vote on the proposal “Activate Uniswap Protocol Governance,” with the on-chain voting expected to conclude on March 7th. According to previous temperature check proposals, the suggested upgrade to protocol governance includes: enabling permissionless and programmatic collection of protocol fees; distributing any protocol fees proportionally to UNI token holders who stake and delegate their voting power; allowing governance to retain control over core parameters: which pools need to pay fees and the fee size.

SEC Delays Approval Date for BlackRock Spot ETH ETF to March 10th

According to a document, the U.S. Securities and Exchange Commission (SEC) has postponed the decision timeline for BlackRock's proposed spot ETH exchange-traded fund (ETF) to March.

Based on a document released on Wednesday, “The Commission believes that designating a longer period within which to take action on the proposed rule change is appropriate so that it has sufficient time to consider the proposed rule change and the issues raised therein.”

The SEC now faces a final deadline of March 10th to approve, reject, or take additional procedures regarding the proposed fund.

BlackRock submitted its application for the spot Ethereum ETF, named iShares Ethereum Trust, in November. According to documents released last week, Fidelity's Ethereum ETF application has also been delayed.

James Seyffart, an ETF analyst at Bloomberg Intelligence, suggested that delays in the spot Ethereum ETF proposal may persist. Seyffart stated in a post on the X platform on Wednesday, “Delays for spot Ethereum ETFs will continue intermittently over the next few months. The next significant date is May 23rd.”