This Week's Noteworthy Events (June 3,2024-June 9,2024)

New KYC Regulations for Telegram Wallet

Starting June 3, users of the third-party cryptocurrency wallet bot on Telegram will need to update their account details (name, phone number, and date of birth) to use all features except withdrawals. Additionally, Wallet announced that from May 30, 2024, wallet services will be provided by WOT Global Solution, which will manage all user data, including names, addresses, phone numbers, transaction data, and any other data the wallet might hold.

UXLINK's First Season Airdrop Snapshot

Web3 social platform UXLINK announced on X platform that the snapshot for the first season airdrop voucher NFT “In UXLINK We Trust” will take place on June 3 at 23:59 UTC. Current on-chain data from Dune and Arbiscan shows over 2.15 million NFTs minted, with more than 1.37 million unique community addresses participating. The second season airdrop voucher NFT “In UXLINK We DEX” will start minting on June 3 at 24:00 UTC. Users can earn UXUY points by conducting various crypto transactions on UXLINK to mint the second season NFT.

nftperp to Close Arbitrum Market

NFT perpetual contract trading platform nftperp announced on X platform that it will focus on the Blast blockchain and, as part of this strategy, will close the Arbitrum market. Starting today, Arbitrum traders are encouraged to adjust their positions accordingly. The initial margin requirement for new positions will increase to 50% (2x leverage). All open positions on Arbitrum will be automatically settled on Monday, June 3, using the past 7 days' trailing index prices. Users are advised to complete their transactions by this date to manage their positions as needed.

U.S. House Financial Services Digital Assets Subcommittee Hearing

According to Fox Business reporter Eleanor Terrett on X platform, the U.S. House Financial Services Digital Assets Subcommittee will hold a hearing next Wednesday to discuss the tokenization of real-world assets (RWA).

Volatility Shares Leverage Ethereum ETF Approved

Volatility Shares announced that its 2x Ether ETF (ETHU) will be the first leveraged Ethereum ETF in the U.S., starting trading on June 4. This follows the launch of their 2x Bitcoin Fund in June 2023. CIO Stuart Barton believes this approval may pave the way for the eventual approval of a spot Ethereum ETF.

FTX Creditors' Committee: Objections to Restructuring Plan and Disclosure Statement Due by June 5

The FTX Creditors' Committee announced on X platform that FTX debtors submitted a revised restructuring plan and corresponding disclosure statement on May 7. The committee is currently evaluating the plan and has not yet become a defined “supporting party.” Objections to the disclosure statement must be submitted by June 5, 2024. The committee emphasized that the primary goal is to maximize creditor recoveries and minimize the time to achieve this. Creditors are encouraged to follow updates on the Threads and Reddit pages of the FTX_Committee.

Arbitrum Gaming Ecosystem Grant Proposal Vote

The vote on Arbitrum's proposal to allocate 200 million ARB tokens to expand its gaming ecosystem will conclude on June 8. Some funds will be used to co-invest in promising studios and games with recognized publishers and support all other game creators on Arbitrum. The GCP team, supported by the Arbitrum Foundation, will be established to oversee this initiative in collaboration with the GCP Council.