This Week's Noteworthy Events(Aug. 19, 2024-Aug. 25, 2024)

Token Unlocking Events

According to TokenUnlock, nine tokens will be unlocked this week.

Notably, AVAX will unlock an amount equivalent to 2.59% of its circulating supply, valued at approximately $210 million, potentially leading to significant selling pressure. Additionally, PIXEL and ID will unlock a high proportion of their circulating supply, which could result in price volatility.

Upbit's New Service Terms Effective August 19

According to an official announcement, Upbit will update 34 service terms, effective August 19, 2024. These include new rules on minimum deposit and withdrawal amounts for digital assets and the potential cancellation of open orders during service changes to protect users. Additionally, Upbit will cease deposit services for delisted assets and require users to review minimum deposit and withdrawal thresholds before transactions.

Binance to Delist Six Tokens Starting August 19

Binance has announced the gradual delisting and termination of all trading related to six tokens starting August 19, 2024. These tokens include PowerPool (CVP), Ellipsis (EPX), ForTube (FOR), Loom Network (LOOM), Reef (REEF), and VGX Token (VGX).

DOGS Token Claims Now Available via Telegram Wallet and CEX

In a message posted on their Telegram community, DOGS has opened claims for DOGS tokens through Telegram Wallet and CEX. Users will not receive the tokens immediately, but they will be credited to the airdrop accounts by August 20.

FED Officials to Speak and Release Monetary Policy Minutes

This week brings several key events. FED officials are set to deliver speeches next week:

On Monday at 13:15, Fed Governor Waller will deliver opening remarks at a summer workshop on money, banking, payments, and finance.

On Tuesday at 17:35, 2024 FOMC voting member and Atlanta Fed President Bostic will speak.

On Wednesday at 18:00, the Fed will release the minutes of its monetary policy meeting.

On Thursday, the Jackson Hole Global Central Banking Annual Symposium will be held, with Fed Chair Powell delivering a speech on the economic outlook on Friday at 14:00.

Additionally, the U.S. August S&P Global PMI data will be released on Thursday evening, which could raise concerns about a U.S. recession if the data underperforms, leading traders to increase bets on larger Fed rate cuts this year. All times are UTC+0.

Terraform Labs Bankruptcy Claim Deadline Set for August 22

In an update on X, Terra announced that the preliminary deadline for

cryptocurrency

loss claims in the Terraform Labs Pte Ltd (TFL) and Terraform Labs Limited (TLL) bankruptcy cases has been set for 5:00 a.m. (UTC+8) on August 22, 2024.