Events of Interest This Week（September 4th - September 10th）

Binance Asset Recovery Update on Xirtam: Eligible User Assets Will Be Automatically Returned (Delayed) on September 4th

A project named XIRTAM is suspected of exit scamming and transferring some of its assets to the Binance exchange. After conducting an investigation, Binance froze the assets of the accounts suspected of fraud and collected victim addresses for refunds.

Binance employee (@sisibinance) posted an update on the progress of asset recovery for XIRTAM on Twitter. They stated, After evaluation, the 'automatic return' time for all eligible user assets is set for September 4, 2023. As the date approaches, some users have reported that Binance officials have postponed the compensation time to mid-September.

Connext Will Airdrop Its Native Token Next on September 5th

The Layer2 interoperability protocol, Connext, is set to launch its native token, NEXT, on September 5th. The Connext team also plans to airdrop NEXT tokens to early users on Polygon, Arbitrum, Optimism, and Gnosis Chain, with the claiming process opening on September 5th. NEXT tokens will serve as governance tools for the Connext ecosystem through a decentralized autonomous organization (DAO).

Connext is collaborating with Tokensoft to introduce “Cross-Chain Airdrops-as-a-Service.” With this service, airdrop recipients can claim tokens on any chain without the need for bridging or incurring additional gas fees. This service will be launched with the next airdrop.

Coinbase Will Temporarily Suspend Trading for Tokens Such as Multi, Ooki, Vgx, Etc

Cryptocurrency

exchange Coinbase will suspend trading for BarnBridge (BOND), DerivaDAO (DDX), Jupiter (JUP), Multichain (MULTI), Ooki (OOKI), and Voyager (VGX) starting at 9:00 AM PT on September 6th.

Binance Is Gradually Delisting Tokens from Trading Pairs with Busd

Binance will progressively delist trading pairs with BUSD, and specific delisting information will be announced separately. Starting from 2:00 PM (GMT+8) on September 7, 2023, Binance will cease to support lending BUSD on the cross and isolated margin trading platforms. From 2:00 PM (GMT+8) on October 19, 2023, users of cross margin and unified accounts will no longer be able to transfer additional BUSD as margin to their cross margin wallets, but they can still transfer other tokens as margin.

Additionally, Binance will stop supporting Binance-Peg BUSD token withdrawals via BNB Chain, Avalanche, Polygon, and Tron networks starting from 8:00 AM (GMT+8) on September 7, 2023. Binance will continue to support BUSD (ERC-20) deposits and withdrawals via the Ethereum network until further notice. Binance will also continue to support Binance-Peg BUSD deposits via BNB Chain, Avalanche, Polygon, and Tron networks until further notice.

The U.S. Senate Finance Committee Has Issued a Public Letter Regarding Cryptocurrency Taxation Issues

U.S. Senate Finance Committee Chairman Ron Wyden and senior member Mike Crapo have issued a public letter containing a series of questions on nine topics related to digital asset lending, laundering, pledging, and mining. The aim is to seek input from the cryptocurrency industry to better understand how Congress should address the tax challenges and opportunities presented by digital assets. The committee will be collecting feedback until September 8, 2023.

The Cosmos Community Is Currently Voting on the 'v12 Upgrade' Proposal, Which Includes Updates Such as the Introduction of a Liquidity Staking Module

The Cosmos community is currently voting on the 'v12 software upgrade' proposal, with voting ending on September 8th. The Gaia v12 upgrade is a major release that includes the Liquid Staking Module and other core dependency updates. This version has undergone extensive testing, and operators can join the public testnet for testing before the upgrade. In case of any issues, validator coordination can be used to create and execute emergency plans.