This Week's Noteworthy Events (September 18th - September 24th)

Genesis Global Trading to Close Cryptocurrency Spot Trading Platform This Month

According to an email sent to clients, Genesis'

cryptocurrency

spot trading business will close later this month. Specifically, Genesis Global Trading (GGT) will shut down its over-the-counter trading platform on September 18th. All trades must be settled by September 21st, and all remaining open accounts will be closed on the 30th.

The email stated, “This decision has been made voluntarily for business reasons.” Another subsidiary focusing on trading, GGC International Limited, will continue to operate its spot and derivative trading services. (CoinDesk)

SSV Network Launches New Testnet Jato-V2, Jato-V1 to Shut Down on September 18th

SSV Network, the Ethereum staking infrastructure, has announced that its new testnet, Jato-V2, is now live and open to the public. This testnet mirrors the current version running on the mainnet and provides a test environment similar to the mainnet.

Starting from September 4th, Jato-V2 will be permissionless, allowing anyone to test the SSV Network protocol. During a two-week migration period, while testers become acquainted with the new version, all Jato-V1 users will be required to transition to V2. Jato-V1 is set to close on September 18th.

South Korea to Investigate Cryptocurrency Trading and Holdings of Parliament Members in the Next Three Months

The Anti-Corruption and Civil Rights Commission of South Korea has announced the establishment of a special investigation team to scrutinize the virtual asset holdings and transactions of members of parliament. This investigation, which will span a period of three months, commences on September 18th.

The investigative team is composed of 30 professionals and will examine the activities of parliament members regarding the acquisition, trading, and losses related to virtual assets in South Korea. The investigation will cover the period from May 30th, 2020, the start of the 21st National Assembly, until May 31st of the current year. It aims to assess whether the current situation aligns with the information previously declared by parliament members to the National Assembly's Ethics Review Consultation Committee.

Ethereum ACDC Meeting #117: Devnet #9 Expected to Launch on September 19th

Galaxy Research Vice President Christine Kim has summarized the 117th Ethereum Core Developers Consensus Meeting (ACDC), which discussed Dencun testing, EIP 4844 blob parameterization, SSZ StableContainer proposal, and mitigating validator attrition.

Regarding Dencun testing, developers are continuing to test the Cancun/Deneb (Dencun) upgrade on Devnet #8. They have agreed to postpone the release of Devnet #9 by one week, now scheduled for next Tuesday (September 19th).

Developers are also considering increasing the target maximum blob count from 2/4 to 3/6.

Etan Kissling, a developer of the Nimbus (CL) client, is dedicated to upgrading Ethereum's data structures to a new serialization format called SSZ. He has named this upgrade approach “StableContainer” and is formalizing it as an Ethereum Improvement Proposal (EIP).

Tip Coin: Token Listing Delayed to September 19th Due to Data Issues

Tip Coin has posted an announcement on the X platform, stating that the token listing will be delayed until September 19th, 0:00 (UTC+8) due to disk damage issues. Tip Coin mentioned that all data is backed up, but there are some missing changes from the past week on GitHub, which is the reason for the delay.

Binance Margin to Delist 20 Full and Cross Margin Trading Pairs, including MKR/BUSD

According to an official announcement, Binance Margin will delist the following full and cross margin trading pairs on September 21st at 14:00 (UTC+8):

ALICE/BUSD, ANKR/BUSD, AVA/BUSD, BICO/BUSD, CLV/BUSD, COTI/BUSD, DAR/BUSD, DEGO/BUSD, GLM/BUSD, IMX/BUSD, KP3R/BUSD, KSM/BUSD, LRC/BUSD, MDX/BUSD, MKR/BUSD, POLYX/BUSD, SLP/BUSD, WAXP/BUSD, XTZ/BUSD, ZIL/BUSD.

Bitmain to Release S21 Miner in September, the World's First Miner with an Energy Efficiency Ratio of 1XJ/T

At the upcoming 2023 World Digital Mining Summit (WDMS 2023), Bitmain is set to unveil the ANTMINER S21 mining machine. This miner represents the world's first mining machine with an energy efficiency ratio of 1XJ/T.

The WDMS 2023 event is scheduled to be hosted by Bitmain in Hong Kong from September 22nd to 23rd, 2023. In addition to the S21 launch, Bitmain will also introduce a customer loyalty points system, allowing customers to purchase new mining equipment based on their accumulated points.

ETHGlobal New York to Take Place on September 22nd-24th

ETHGlobal will host the ETHGlobal New York Hackathon from September 22nd to September 24th, 2023.

Fortune Magazine: FTX Has Reached out to More Than 75 Bidders as Bankrupt Crypto Exchange Considers Reboot

According to a report from Fortune Magazine, FTX has been in contact with over 75 bidders since at least May 2023 to assess the possibility of relaunching the exchange. As per filed documents, the bid deadline for FTX 2.0 is set for September 24th. This process aims to explore various potential structures, including acquisitions, mergers, capital restructuring, or other transactions, to relaunch either FTX.com or the FTX US exchange.