This Week's Noteworthy Events(Aug 26, 2024-Sep 1, 2024)

Token Unlocking Schedule

1. Yield Guild Games (YGG) will unlock approximately 14.08 million tokens on August 27 at 14:00 UTC+0, representing 3.70% of the current circulating supply, worth about $6.8 million.

2. SingularityNET (AGIX) will unlock approximately 8.32 million tokens on August 27 at 00:00 UTC+0, representing 1.58% of the current circulating supply, worth about $4.3 million.

3. Tornado Cash (TORN) will unlock approximately 91,700 tokens on August 28 at 03:30 UTC+0, representing 2.41% of the current circulating supply, worth about $220,000.

4. Optimism (OP) will unlock approximately 31.34 million tokens on August 30 at 00:00 UTC+0, representing 2.64% of the current circulating supply, worth about $50.50 million.

5. Echelon Prime (PRIME) will unlock approximately 750,000 tokens on August 30 at 00:00 UTC+0, representing 1.68% of the current circulating supply, worth about $5.4 million.

6. Sui (SUI) will unlock approximately 64.19 million tokens on August 31 at 00:00 UTC+0, representing 2.47% of the current circulating supply, worth about $65 million.

7. ZetaChain (ZETA) will unlock approximately 53.89 million tokens on August 31 at 00:00 UTC+0, representing 15.71% of the current circulating supply, worth about $33 million.

8. dydx (DYDX) will unlock approximately 8.33 million tokens on August 31 at 00:00 UTC+0, representing 3.67% of the current circulating supply, worth about $9.8 million.

9. Ethena (ENA) will unlock approximately 14.89 million tokens on August 31 at 07:00 UTC+0, representing 0.82% of the current circulating supply, worth about $5.4 million.

10. Manta Network (MANTA) will unlock approximately 1.87 million tokens on August 30 at 23:59 UTC+0, representing 0.50% of the current circulating supply, worth about $1.5 million.

OKX to Adjust Index Components on August 26

To further enhance market liquidity and index stability across leverage, delivery, and perpetual trading, and to mitigate market risk, OKX plans to adjust certain index components on August 26 from 17:00 to 20:00 (UTC+8). The adjusted indices will be recalculated based on the new component prices and their corresponding new weights. The indices involved include BETH-USDT, BETH-ETH, BLUR-USD, and BLUR-USDT. Due to recent market volatility, the adjustment may cause price fluctuations in the indices and corresponding leveraged and contract markets. After the adjustment, the maintenance margin rate for user positions may increase. To prevent forced liquidation due to rule changes, users should reduce their actual leverage by closing positions, reducing exposure, or adding margin.

WazirX to Lift Suspension on INR Withdrawals on August 26

WazirX has announced that it will lift the suspension on INR withdrawals effective August 26. While cryptocurrency withdrawals remain unavailable due to recent network attacks and theft of ERC-20 tokens, the platform will resume INR withdrawals in phases. WazirX will soon apply to the Singapore High Court to ensure adequate time for restructuring as per the planned schedule. WazirX co-founder Nischal Shetty stated on X that the focus is on resolving the issue swiftly rather than delaying it for years. False narratives by those with no direct stake in the matter are undermining the resolution process. A comprehensive token solution plan will be proposed this week.

BitFlyer Completes Acquisition of FTX Japan and Rebrands on August 26

BitFlyer Holdings, the parent company of Japan's crypto exchange bitFlyer, has completed the acquisition of FTX Japan, making it a wholly-owned subsidiary. The subsidiary will be rebranded on August 26 and will focus on providing cryptocurrency custody services for institutional investors under BitFlyer Holdings. Looking ahead, the subsidiary plans to introduce a spot cryptocurrency ETF as Japanese regulations on cryptocurrencies evolve.

DOGS Extends Airdrop Claim Deadline; TGE Scheduled for August 26

The DOGS community has announced that due to additional claim options, the TGE (Token Generation Event) date has been revised. The updated schedule is as follows: Exchange and Telegram wallet claim window will be open until August 24 at 00:00; non-custodial wallet claims will open on August 26 at 16:00; the TGE and token listing will occur on August 26 at 20:00.

Circle to Stop Supporting USDC on Flow Blockchain and USDC Minting Service until August 27

oxkDue to an upcoming network upgrade, Circle will cease support for USDC on the Flow (Cadence) blockchain starting September 3 at 03:00 (Eastern Time). The USDC minting service will continue until August 27 at noon (Eastern Time). Circle advises users to transfer their USDC from Flow to other blockchains before September 3. After the deadline, Circle will freeze all USDC on Flow, take a balance snapshot, and begin a manual redemption process on September 4. Eligible users must meet Circle's compliance and security requirements and have a user-controlled wallet with the address included in the snapshot.

OKX to Delist FITFI, GARI, XPR, AKITA, TAMA, WNCG Spot Trading Pairs on August 30

OKX will officially delist the following trading pairs on August 30 from 16:00 to 16:30 (UTC+8): FITFI/USDT, GARI/USDT, XPR/USDT, AKITA/USDT, TAMA/USDT, WNCG/USDT. Users are advised to cancel their orders before the delisting. Any remaining orders will be automatically executed by the system. Additionally, deposits for these tokens were suspended on August 22 at 16:00 (UTC+8), and withdrawals will be halted on November 30 at 16:00 (UTC+8). Users should manage their assets before this date to avoid losses.

UniSat Founder: Fractal to Activate Mainnet on September 1

UniSat founder and CEO Lorenzo stated on X that progress has been made in smart contracts and cross-chain bridges. Fractal has introduced OP_CAT in the testnet reset and plans to activate it on the mainnet on September 1. Development is underway for 3 to 5 methods to transfer assets from Bitcoin mainnet to Fractal. Fractal is strengthening four pillars of Bitcoin expansion: compatibility, composability, parallelism, and scalability. The plan includes native support for BRC-20, RUNE, and other Bitcoin protocols, advanced Bitcoin virtual machines, and high local execution efficiency.

Russia to Implement Digital Currency Cross-Border Payment Law and Legalize Crypto Mining from September 1

The Russian Duma has passed a law allowing cross-border settlements and transactions with digital currencies under an experimental legal regime (EPR) starting September 1, 2024. Additionally, a law legalizing crypto mining in Russia will come into effect in November, outlining procedures and conditions for such activities. Registered Russian legal entities and individual entrepreneurs will be authorized to engage in crypto mining.