This Week Noteworthy Events(April 1, 2024 - April 7, 2024)

ProShares Submits Applications for Five Leveraged Bitcoin Spot ETFs, Expected to Take Effect on April 1st

Bloomberg analyst Henry Jim posted on the X platform stating that ProShares has submitted applications to the SEC for five leveraged Bitcoin spot ETFs. They are: ProShares UltraShort Bitcoin ETF (-2x), ProShares ShortPlus Bitcoin ETF (-1.5x), ProShares Short Bitcoin ETF (-1x), ProShares Plus Bitcoin ETF (+1.5x), and ProShares Ultra Bitcoin ETF (+2x).

These products track the daily performance of the Bloomberg Galaxy Bitcoin Index, with trading codes/fees to be determined, and are scheduled to take effect on April 1st.

Bloomberg analyst Eric Balchunas said that there may be as many as a dozen similar product applications in the market in the coming months.

HKVAEX: Will Temporarily Suspend Services in Phases Starting from April 1st, Official Website to Close on May 1st

HKVAEX recently announced that it will begin to suspend services in phases starting from April 1, 2024, and its official website will be completely closed on May 1, 2024.

Effective immediately, HKVAEX will no longer accept new user registrations or virtual asset recharge services. Trading services will be closed at 23:59 on April 5, 2024. At that time, users will be unable to place any new orders, and all existing spot orders will be automatically canceled by the system.

On March 29, according to updated information on its website, the Hong Kong Securities and Futures Commission (SFC) revealed that the license application submitted by the virtual asset trading platform HKVAEX has been withdrawn. The information indicates that HKVAEX was removed from the list of virtual asset trading platform applicants on March 28, 2024. The application for the license was submitted on January 4, 2024, and the reason for removal was listed as “withdrawn.”

TON Foundation Plans to Launch Open League Season 1 on April 1st, Offering 30 Million Toncoin Community Rewards

According to official sources, the TON Foundation plans to launch the first season of Open League on April 1st, offering 30 million Toncoin community rewards, valued at approximately 115 million US dollars. The first season of Open League includes four systems: The League, Token Mining, Quests & Airdrops, and Liquidity Pool Boosts.

Ethena to Airdrop ENA Tokens to Users on April 2nd

Ethena, a DeFi protocol providing a value of 1.3 billion US dollars in USDe tokens, has announced its plans. The protocol plans to airdrop 750 million ENA tokens to users on April 2nd, representing 5% of the total supply. The activity to earn “points” will end on April 1st, making users eligible for the token airdrop. Users who cancel their staking, unlock, or sell all USDe tokens before this date will not be eligible for the airdrop.

Wormhole Announces Airdrop Claiming to Begin on April 3rd

Wormhole announced on the X platform that it will commence the airdrop claiming (Claim) on April 3, 2024.

The Nigerian Government Accuses Binance of Laundering $35 Million, Binance Executive Detention Hearing to be Held on April 4th

The Nigerian government has accused Binance of money laundering, involving an amount of $35.4 million. After documents were submitted by the EFCC on Thursday, Binance is currently facing two separate criminal charges in Nigeria. The Federal Inland Revenue Service (the country's tax authority) has also accused the exchange of tax evasion. In addition to the criminal proceedings, the Nigerian government is seeking to extend the detention period for Binance executives. The case will continue with a detention hearing scheduled for April 4th.

ETHGlobal Announces 2024 Hackathon Schedule, Scaling Ethereum 2024 to Kick Off on April 5th

ETHGlobal has officially announced its schedule for 2024, revealing plans to host 20 hackathon events. The events include LFGHO (January 12th - January 24th), Circuit Breaker (February 2nd - 21st), Pragma Denver (February 28th), Pragma London (March 14th), ETHGlobal London (March 15th - 17th), Scaling Ethereum 2024 (April 5th - 26th), Pragma Sydney (May 2nd), ETHGlobal Sydney (May 3rd - 5th), Pragma Brussels (July 11th), ETHGlobal Brussels (July 12th - 14th), ETHOnline 2024 (August 23rd - September 13th), ETHGlobal Singapore (September 20th - 22nd), Pragma San Francisco (October 15th - 17th), ETHGlobal San Francisco (October 18th - 20th), ETHGlobal Devcon 2024 (tentatively in November), and five other additional events.