Events of Interest This Week (2023.8.28-2023.9.1)

On August 28th

HashKey's Launch of Retail-Oriented Trading Platform

HashKey has now launched a trading platform targeting retail investors. Initially, retail investors will be able to purchase BTC and ETH, with an investment limitation of not exceeding 30% of total assets in virtual assets.

Seoul District Court Holds Second Hearing for Individuals Involved in Terra Co-Founders Case

The Joint Investigation Unit for Financial and Securities Crimes at the Southern Seoul District Prosecutors' Office in South Korea has issued non-detention indictments against eight managers and staff members related to the Terra project, including Daniel Shin, on suspicion of fraudulent and unfair trading under the “Capital Market Act.” A second hearing is scheduled to commence on August 28th.

During a preliminary meeting ahead of the second trial of Daniel Shin, co-founder of Terraform Labs, South Korean prosecutors stated their intention to apply the judgment from the Southern District of New York pertaining to the virtual currency's securities attributes as additional evidence.

On August 29th

Bitstamp: Delisting of AXS, CHZ, MANA, MATIC, NEAR, SAND, and SOL in the United States on August 29th

Bitstamp has announced that due to regulatory considerations and other factors, it will temporarily suspend trading of the following cryptocurrencies in the United States starting from August 29, 2023: AXS, CHZ, MANA, MATIC, NEAR, SAND, and SOL.

This means that starting from August 29, 2023, new orders involving these assets will be disabled, and all existing orders for these trading pairs will be canceled. Users will still be able to hold these assets in their Bitstamp accounts and withdraw them at any time.

Gitcoin: Grants Round 18 to Conclude on August 29th

Gircoin has announced that Gitcoin Grants 18 will conclude on August 29th (UTC). Users are advised to take note of the deadline, especially for those in the North American time zones. It is recommended that users in these regions complete their contributions by Monday, August 28th.

On August 31st

BNB Chain Releases Mainnet v1.2.9 Version, Introducing Plato and Hertz Hard Forks

BNB Chain has released the mainnet version v1.2.9, which introduces the Plato and Hertz (Berlin, London) hard forks. Both hard forks have undergone comprehensive testing on the testnet and are ready for deployment on the mainnet.

The Plato hard fork is anticipated to be deployed on August 10th (block height 30,720,096), while the Hertz hard fork is expected to be deployed on August 30th (block height 31,302,048). BNB Chain has stated that all validators and full node operators on the mainnet must switch their software versions to v1.2.9 before August 10th.

Coinbase to Suspend Stablecoin Trading for Canadian Users: USDT, DAI, and RAI

Coinbase will temporarily suspend trading of Tether (USDT), DAI, and RAI stablecoins for Canadian users starting on August 31st. After the deadline, users will still be able to deposit and withdraw these stablecoins, but trading will be halted.

Starting from August 31st, OpenSea Pro will implement a 0.5% platform fee on all Listings and Offers

Starting from August 31st, OpenSea Pro will implement a 0.5% platform fee on all Listings and Offers. OpenSea Pro has stated that this decision is aimed at preventing wash trading and maintaining accurate platform data.

On September 1st

UK's FCA: Crypto Asset Businesses to Be Required to Collect, Verify, and Share Transfer Information

The UK Financial Conduct Authority (FCA) has issued an announcement stating that starting from September 1st, crypto asset businesses in the UK will be required to collect, verify, and share information regarding transfers of crypto assets. This is referred to as the “Travel Rule.”

“Reserve Proof” Bill Passes in Texas State House of Representatives

The Texas House of Representatives has passed a bill requiring

cryptocurrency

exchanges to maintain reserves “sufficient to fulfill all customer obligations.” If the bill passes in the Senate and is signed by the Governor, it will come into effect on September 1st.

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