This Week's Noteworthy Events (October 16 - October 24)

FTX 2.0 Benchmark Price to Be Determined on October 16th

The FTX 2.0 Coalition, in a post on the X platform, has announced that FTX official will select a stalking horse bid for FTX 2.0 (as a reference price for subsequent bidding) on October 16th. The modified plan will be submitted by the end of this year. Scheme solicitation will be held in the first or second quarter of 2024, and the target plan will be confirmed in the second quarter of 2024.

Please note: A stalking horse bid is the initial open bid made by a buyer chosen by a company under bankruptcy protection. The stalking horse bid serves as a starting or minimum acceptable bid, and other potential acquirers must bid higher if they wish to successfully acquire the assets.

ProShares to Launch Ethereum Futures Short ETF, Trading to Commence on October 16th

James Seyffart, an ETF analyst from Bloomberg, posted on the X platform, announcing that ProShares will launch a Short Ethereum Strategy ETF (SETH) next week, with trading set to begin on October 16th in the Eastern Time zone. It's important to note that this fund doesn't directly short ETH; its objective is to profit from the price decline of this asset.

The analyst noted that the SEC has accelerated the approval process for all long/traditional Ethereum futures ETFs. Still, this particular ETF has been scheduled to become effective on the regular/expected date, with its filing submitted in August alongside other ETFs.

Arbitrum's Second-Week Odyssey Event to Resume on October 16th

Arbitrum, in a post on the X platform, has announced the restart of the second-week Odyssey event on October 16th. This decision aims to ensure higher security for all participating users and provide more time for completing/claiming these tasks. The interactive tasks for this round will be carried out on the NFT market tofuNFT and the derivative protocol Aboard Exchange.

For users who have already completed the tasks for the second week, there is no need to redo them on October 16th. The final seventh-week event is scheduled to commence on November 20th.

Metaverse Project ZepetoX Launching ZTX Token on October 16th with 4% Genesis Airdrop

The metaverse project ZepetoX has announced that the ZTX token airdrop and release date is set for October 16th. The total supply will be fixed at 10,000,000,000 tokens, with 4% allocated for the Genesis airdrop.

ZTX tokens will serve various purposes, including community governance, purchasing in-game assets, and enhancing player progress within the game. Additionally, the platform will drive the value of the ZTX ecosystem through a token buyback program, which includes token burning (reducing the total supply), providing rewards for players (incentive pools), and allocating some funds to the treasury.

Celestia Airdrop Claim Deadline on October 17th - Verify Eligibility and Claim via TrustGo

The Celestia airdrop claim deadline is set for October 17th. Celestia has authorized TrustGo to check for eligible EVM addresses.

Users can directly verify their eligibility for the airdrop on TrustGo and then proceed to claim it on the Celestia official website.

U.S. Government to Gradually Sell 41,500 BTC in May, August, October, and December - Next Date: October 19th

Crypto analysis firm CryptoQuant's analyst Maartunn posted on the platform that the U.S. government might sell its holdings of Bitcoin on May 26, August 7, October 19, and December 30 in 2023. This includes Bitcoin seized from the Silk Road dark web marketplace. Maartunn speculates that the U.S. government may follow a pattern of selling with a 73-day interval.

Xterio to Launch Game-Centric Marketplace “Xterio Marketplace” on October 22nd

Game publisher Xterio has announced the launch of the game-centered marketplace, Xterio Marketplace, on October 22nd.

Earlier in the year, on July 13th, Binance Labs invested $15 million in Xterio. The new funding is intended to further drive game and technology development, including AI integration and token releases.