This Week Noteworthy Events (April 29, 2024——May 5, 2024)

ZeroLend, a Multi-Chain Lending Protocol, to Launch Governance Token ZERO on April 29th

The multi-chain lending protocol ZeroLend has revealed on social media platforms its plan to launch governance token ZERO on April 29th, with further details about the TGE (Token Generation Event) set to be announced soon. ZeroLend reportedly supports zkSync, Manta Network, Blast, Linea, and Ethereum, allowing users to deposit supported tokens and earn yields. Previously, ZeroLend introduced the Liquidity Re-Staking (LRT) market on the Ethereum mainnet. Users of ether.fi, Renzo, Kelp DAO, and Puffer Finance can now deposit LRT and borrow ETH or other liquid assets to earn enhanced LRT points, EigenLayer points, and Zero Gravity points from ZeroLend.

CZ to Receive Judgment at United States District Court for the Western District of Washington on April 30th

Former Binance CEO CZ is scheduled to receive judgment at the United States District Court for the Western District of Washington on April 30th, local time, where Judge Richard Jones will hear statements from prosecutors and CZ's lawyers.

In November 2023, he pleaded guilty to failing to maintain effective anti-money laundering procedures, violating the Bank Secrecy Act. CZ's actions included not meeting prescribed anti-money laundering standards in Binance's operations. He has reached a settlement with US authorities, agreeing to pay $4.3 billion to resolve civil regulatory enforcement actions.

According to US sentencing guidelines, he faces a suggested sentence of 12 to 18 months. Some speculate that considering CZ's plea and cooperation with authorities, he may receive leniency.

Spot Bitcoin and Ethereum ETF Issued through Collaboration of HashKey Capital and Bosera International to Commence Trading on April 30th

A spokesperson for HashKey has announced that the spot Bitcoin and Ethereum ETF jointly issued by HashKey Capital and Bosera International will commence trading on April 30th. It is reported that both ETFs are expected to be listed on the Hong Kong Stock Exchange, tracking the prices of Bitcoin and Ethereum respectively. They will adopt a “physical” subscription mechanism, allowing investors to directly use Bitcoin and Ethereum to subscribe to ETF shares.

DTCC: Companies Unable to Use Cryptocurrency Investment Tools as Collateral Starting April 30th

According to a document released by DTCC, effective April 30, 2024, as part of the annual credit limit renewal process, DTCC will implement the following changes to modify the collateral values of certain securities, which may impact the position values applicable to Collateral Monitor: the collateral valuation for corporate notes or bonds rated B1 to B3 will be increased from 50% to 70%; any ETF or other investment instruments that include Bitcoin or any other cryptocurrency as underlying investments will not be given collateral value and will therefore be subject to a 100% haircut.

Renzo: REZ Airdrop Allocation Increased to 12%, Claim Period Changed to April 30th

Renzo posted on the X platform stating that, after considering community feedback, they have decided to update the token claiming timeline, tokenomics, and airdrop eligibility. Specifically:

• The snapshot time remains unchanged, set for April 26th, with the claiming date adjusted to one hour before the Binance listing on April 30th.

• In terms of tokenomics, the community-oriented token allocation has been increased from 30% to 32%, while the airdrop allocation has been raised from 10% to 12%. The total supply for the first quarter has been raised from 5% to 7% (with the additional 2% covered by liquidity and the foundation), while the allocation for the second quarter remains at 5% of the total supply.

• Regarding airdrop eligibility: the minimum qualification for each wallet's airdrop is set at 360 ezPoints. The majority of eligible wallets (over 99%) will be fully unlocked at TGE (Token Generation Event), with wallets holding over 500,000 ezPoints unlocking 50% at TGE and the remaining portion linearly vested over three months.

HKVAEX Official Website to Close on May 1st



HKVAEX announced earlier that it would begin a phased suspension of services starting April 1, 2024, and its official website would be fully shut down on May 1, 2024. HKVAEX no longer accepts new user registrations or virtual asset recharge services. Trading services were terminated on April 5, 2024, at 23:59, at which point users were unable to place any new orders, and all existing spot orders were automatically canceled by the system.

Bitcoin L2 Network BOB Delays Mainnet Launch to May 1st



BOB (Build on Bitcoin), the Bitcoin Layer 2 network, announced on the X platform that due to a significant increase in the number of projects preparing to deploy on BOB, the mainnet launch date has been postponed to May 1st (originally scheduled for April 24th) to accommodate additional testing and auditing. The official statement further notes that users who have locked assets will receive additional rewards during the extended week, which will be available at the start of Season 2 on May 1st. User assets are secure, as the non-custodial BOB Fusion contracts have undergone rigorous audits. In the unlikely event of further delays, user assets will automatically unlock no later than May 15th.

Snapshot for io.net Airdrop on Backpack Platform Conducted from April 23rd to May 5th



Backpack posted on the X platform stating that the io.net airdrop snapshot on Backpack Exchange took place between 3:00 PM on April 23rd and 3:00 PM on May 5th.

friend.tech: Snapshot Completed, Announcement of Points On-Chain Status Expected This Week



Last week, friend.tech posted on the X platform, stating that data repair and snapshots were completed, and point balances were locked. Canceling or relinking X accounts will no longer transfer points. This week, they will announce the status of point transfers to the blockchain.