Weekly Notice | The deadline for FTX customers to submit claims will be September 30th; Bitget old users need to complete KYC verification before October 1st.

Weekly Notice | FTX customers must submit claims by September 30th; Bitget old users must complete KYC verification by October 1st.

Highlights:

• The open beta test of the first season of LotM game, developed by Yuga Labs, will start on September 26th.
• Yield Guild Games (YGG) will unlock approximately 12.42 million tokens, worth around 2.63 million US dollars, at 22:00 on September 27th.
• Bitcoin options worth over 3 billion US dollars and Ethereum options worth around 1.8 billion US dollars on Deribit will expire on September 29th.
• Hardware wallet OneKey will stop accepting new user applications from mainland China, Russia, and other countries or regions starting from September 30th.
• Bitget will upgrade its KYC process, and existing users need to complete KYC verification before October 1st.
• Approximately 24.16 million tokens of Optimism (OP), worth around 31.17 million US dollars, will be unlocked at 12:00 on September 30th.
• The Arbitrum Odyssey event will relaunch next week and last for 7 weeks.

For more weekly highlights, please download the LianGuaiNews APP and follow the event calendar section launched by LianGuaiNews to read more about real-time blockchain news and in-depth articles anywhere, anytime.

September 25th

Exchanges:

Bitstamp to stop offering Ether staking services to US customers from September 25th

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Bitstamp will stop offering Ether staking services to US customers from September 25th. Bobby Zagotta, CEO of Bitstamp US, stated in a statement that customers will continue to receive staking rewards until September 25th, 2023. After that, all staked assets will be unstaked. All other Bitstamp services will not be affected. The rewards will be credited to users’ main account balance along with the principal. The company stated that the closure of staking services is due to the regulatory environment in the United States. The U.S. Securities and Exchange Commission (SEC) has targeted staking services in multiple enforcement actions. In lawsuits against Coinbase and Binance, the SEC claimed that these staking projects are investment contracts under the Howey test.

Binance to replace its Euro banking partner, current partner LianGuaiysafe will no longer provide services from September 25th

A Binance spokesperson stated, “Binance will replace the provider for Euro deposits and withdrawals via bank transfer (SEPA). Our current Euro banking partner, LianGuaiysafe LianGuaiyment Solutions Limited, will no longer provide these services to Binance users from September 25th, 2023. At that time, users will need to update their bank details for depositing funds into their Binance accounts and may need to accept new terms and conditions to continue using SEPA services after this date.”

Project Updates:

Binance Labs’ sixth season incubator will launch on September 25th, with 12 selected projects including UXUY

Binance Labs announced the 12 incubation projects for its sixth season, including: Infrastructure category: 1. Vistara, a one-click deployment framework; 2. UXUY, a multi-chain platform based on MPC and AA wallet technology; DeFi category: 3. BBOX, a perpetual decentralized exchange on Linea; 4. Derivio, a decentralized structured derivatives ecosystem based on zkSync; 5. Ethena, a derivative infrastructure provider that converts ETH into native stablecoins; 6. Shogun, a chain-agnostic order flow aggregator and intelligent liquidity router; AI-driven DApp category: 7. MyShell, an AI-based Web3 chatbot platform; 8. NFPrompt, an AI-based Prompt-UGC platform; 9. QnA3, an AI-based Web3 knowledge sharing and search platform; GameFi/SocialFi category: 10. Cellula, an autonomous life simulation strategy game based on Ethereum; 11. Crypto Café, a learning and earning platform focused on blockchain and crypto themes; 12. MetaCene, a Web3-native large-scale multiplayer online role-playing game. The sixth season of the incubation program will launch on September 25th, 2023.

The .inj domain name auction jointly held by Injective and SLianGuaiCE ID will end on September 25th

Injective, a Layer 1 blockchain based on Cosmos, has collaborated with decentralized domain name protocol SLianGuaiCE ID to hold a .inj domain name auction from September 20th to September 25th. Pre-registration for .inj domain names will take place from September 26th to October 1st, and public registration will begin on October 2nd.

Token Unlocking:

Acala (ACA) will unlock approximately 4.66 million tokens worth about $220,000 on September 25th at 8:00 AM

September 26th

Exchanges:

Binance supports Horizen (ZEN) network upgrade and hard fork, suspending deposit and withdrawal services on September 26th at 17:00

Binance will support the Horizen (ZEN) network upgrade and hard fork, and token trading on this network will not be affected. Binance will reopen token deposit and withdrawal services after the network upgrade and hard fork, once the network is stable. Binance is expected to suspend token deposit and withdrawal services for this network on September 26th at 17:00, to support the second phase scheduled for block height 1,426,200 (estimated to be on September 26th at 18:00).

Upbit will delist Dawn Protocol (DAWN), Refereum (RFR), and Maro (MARO) on September 26th

Korean cryptocurrency exchange Upbit announced that it will end its trading support for Dawn Protocol (DAWN), Refereum (RFR), and Maro (MARO) at 15:00 on September 26th (Beijing time). Upbit stated that Dawn Protocol and Refereum have consistently received poor evaluations in internal assessments, and the projects have failed to respond to requests for investor protection information. After being listed as warning projects, Dawn Protocol failed to provide sufficient explanation regarding the use and actual use cases of the DAWN token, and Refereum also failed to properly conclude its project.

Project Updates:

The US SEC urges the court to allow the testimony of Do Kwon, who plans to submit a response on September 26th

The United States Securities and Exchange Commission (SEC) has filed a motion in the Terra lawsuit, and according to court documents submitted on September 22nd, the SEC urges the court to allow the testimony of the defendant Do Kwon. In addition, if it is difficult to obtain Do Kwon’s testimony, the SEC suggests alternative solutions. The SEC urges the court to prohibit the use of any statements made by Do Kwon in a summary judgment. Meanwhile, Do Kwon is still being detained in Montenegro Prison on charges of passport fraud, and the extradition process has not yet begun. Defendants Terraform Labs and Do Kwon plan to submit a response on September 26th. The SEC has submitted more detailed information in a memorandum to support this motion.

Microsoft: AI Copilot to be launched on Windows starting from September 26th

Microsoft stated that “AI Copilot” will be launched on Windows starting from September 26th, and it will operate across applications and devices. It will be made available to enterprise customers on November 1st.

Lumerin to launch decentralized Bitcoin hash rate market on Arbitrum on September 26th

After the testnet period, Lumerin, a decentralized computing power routing protocol, will officially launch its new platform on the Arbitrum One network on September 26th. The platform will provide a decentralized marketplace for buying, selling, and trading Bitcoin mining power. The new platform aims to eliminate the “peaks and valleys” in the Bitcoin mining business, allowing both miners and non-miners to buy and sell computing power through smart contracts with parameters such as the quantity, duration, and price of the computing power, according to a statement. Lumerin emphasizes that all transactions are trustless and peer-to-peer, with real-time payments upon completion of the contracts.

Yuga Labs’ LotM game will start its first season open testing on September 26th

Yuga Labs’ LotM game will start its first season open testing on September 26th. During the first season, users can hatch Mara, and Koda holders can start collecting shards and hunting fragments in advance. Test version loot will be forgeable at the end of each season and will include game items that expand continuously in LotM.

Binance NFT to end The Sandbox NFT staking program and no longer support Polygon network on September 26th

Binance NFT will end The Sandbox NFT staking program at 14:00 on September 26th, 2023 (GMT+8). Starting from 14:00 on September 26th, 2023 (GMT+8), users will no longer be able to stake LAND NFTs hosted on the Polygon network on the Binance NFT marketplace to earn daily The Sandbox (SAND) rewards. All LAND NFTs currently staked on the Binance NFT marketplace will be automatically unstaked on September 27th, 2023 (GMT+8) and returned to users’ Binance accounts after 10:00 on September 28th, 2023 (GMT+8). The final daily SAND rewards will also be automatically distributed to users’ spot wallets after 10:00 on September 28th, 2023 (GMT+8).

Horizen to undergo mainnet upgrade on September 26th, removing main chain privacy features and enabling HorizenDAO

Web3.0 privacy platform Horizen stated in their official blog that trading platforms, mining pools, node operators, and full node wallet users must upgrade their nodes to ZEN 4.1 before block 1422426. ZEN 4.1.0 will execute a network upgrade on the Horizen mainnet through a hard fork at block 1426200 (estimated to occur at 18:00 on September 26th, Beijing time). New features include: Shielded pool deprecation (all privacy features will be removed from the Horizen main chain at the consensus level), memory pool limits (strict limits on memory pool size, default value: 400 MB), deprecation of P2P alert system, HorizenDAO (further decentralizing the Horizen ecosystem to involve the community more in ecosystem governance), and rotation of community fund addresses. The deprecation of Zend 4.1.0 will occur at block 1466716, estimated to be at 22:00 on December 6th, 2023 (Beijing time).

Casio to launch virtual G-SHOCK watches on Polygon, public sale to start on September 26th

Japanese electronics giant Casio is partnering with Ethereum scaling developer Polygon Labs to launch its virtual G-SHOCK watches on the Polygon blockchain. The project will start with an NFT-based G-SHOCK Creator Pass, allowing holders to access a dedicated Discord channel and vote on the appearance and design of the watch. Starting from September 23rd, Casio distributed 15,000 NFT-based G-SHOCK Creator Passes to users, and Casio customers who have registered for CASIO ID on the company’s membership website can participate in the pre-distribution phase from September 23rd to 26th. The public distribution phase will take place from September 26th to 29th.

September 27th

Regulation:

SEC Chairman Gary Gensler will testify before the U.S. House Financial Services Committee on September 27th

SEC Chairman Gary Gensler is scheduled to testify before the U.S. House Financial Services Committee on September 27th. Ahead of these scheduled hearings, U.S. lawmakers, especially Republicans, have leveled a series of criticisms and accusations against Gensler. Ranking member of the House Financial Services Committee, Patrick McHenry, criticized Gensler’s approach to regulating digital assets as too aggressive, particularly considering the lack of clear cryptocurrency guidance specifying which digital assets fall under the SEC’s jurisdiction. McHenry and others expressed concerns about the nature of SEC regulation, believing that the SEC prioritizes enforcement over clear guidance.

UK government seeks public opinion on banning cryptocurrency-related cold-call sales, deadline September 27th

The UK government is considering banning cold-call sales of financial products as part of a broader campaign to reduce fraud but has launched a new public consultation to review the potential impact of such a ban on individuals and businesses. The consultation, which includes 19 questions, began this month and will continue until September 27th, aiming to explore the best ways to design and implement the ban. The survey will assess consumers and businesses that may be affected by a comprehensive ban. The UK government highlighted various fraudulent activities related to consumer and investor financial losses and cited a specific case involving cryptocurrency.

Project Updates:

Sui Liquidity Staking Hackathon to compete in Demo Day from September 27th to 30th

Registration for the Sui Liquidity Staking Hackathon is now open. The hackathon officially started on August 16th and will culminate in a Demo Day competition from September 27th to 30th, with results announced on October 2nd. The hackathon prize pool includes 25 million staked SUI tokens and $125,000 worth of SUI tokens.

Token Unlocks:

Galxe (GAL) will unlock approximately 586,700 tokens worth about $770,000 on September 27th at 20:00

Yield Guild Games (YGG) will unlock approximately 12,420,000 tokens worth about $2.63 million on September 27th at 22:00

September 28th

Exchange:

Binance will delist 20 isolated margin trading pairs on September 28th

According to an official announcement, Binance will remove the following isolated margin trading pairs on September 28th at 14:00 (UTC+8): 1INCH/BUSD, AERGO/BUSD, ARDR/BTC, ARDR/USDT, DATA/BUSD, DIA/BUSD, ERN/BUSD, FIS/BUSD, IOST/BUSD, IQ/BUSD, KNC/BUSD, LOKA/BUSD, LTO/BUSD, OM/BUSD, RARE/BUSD, SUSHI/BUSD, T/BUSD, THETA/BUSD, YFI/BUSD, ZEC/BUSD.

Project Updates:

Ethereum client Nethermindv releases version 1.20.4, Holesky to restart on September 28

Blockchain tools and infrastructure developer Nethermind announced on Twitter that Nethermind client version 1.20.4 has been launched, and Holesky will restart at 20:00 on September 28 (Beijing time). According to previous reports, the Ethereum Holesky testnet failed to start due to network configuration errors, and developers plan to restart it soon.

Token Unlock:

SingularityNET (AGIX) will unlock approximately 9.68 million tokens worth about $1.73 million at 8:00 on September 28

Euler (EUL) will unlock approximately 153,000 tokens worth about $410,000 at 8:14 on September 28

September 29

Regulation and Policy:

Malta plans to amend cryptocurrency regulation to comply with MiCA, public consultation open until September 29

The Malta Financial Services Authority (MFSA) is seeking public opinion on proposed amendments to cryptocurrency company regulatory rules. The regulatory body is rewriting rules for exchanges, custodians, and portfolio managers to adapt to the regulations specified in the European Union’s Markets in Crypto-assets (MiCA) framework. It also aims to require cryptocurrency providers to develop a “structured phase-out plan.”

The regulatory body stated in the consultation that as an EU member state, Malta aims to align its cryptocurrency rules with MiCA and “ensure a smooth transition for virtual financial assets (VFAs) service providers in the country.” The public consultation is open until September 29.

Exchanges:

$3 billion worth of Bitcoin options contracts expire on September 29

Bitcoin options worth over $3 billion and Ethereum options worth around $1.8 billion on Deribit will expire on September 29. Luuk Strijers, Chief Business Officer of Deribit, stated that as the options expiration date approaches, especially at the end of the quarter, it “may result in significant trading volume and volatility.”

Binance will remove spot trading robot services for 57 trading pairs on September 29

Binance will remove spot trading robot services for the following trading pairs at 10:00 on September 29: AAVE/BNB, AERGO/BUSD, AGLD/BTC, ALCX/BTC, ALGO/BNB, ALGO/ETH, AllianGuaiCA/BTC, ALPHA/BTC, BAL/BTC, BICO/BUSD, BNT/BTC, BNX/BNB, BNX/BUSD, C98/BTC, CHESS/BUSD, CLV/BUSD, COS/BNB, CRV/ETH, CTK/BNB, CTK/BTC, DAR/BUSD, DEGO/BTC, DEXE/BUSD, DIA/BUSD, FIL/BNB, FIS/BUSD, FXS/BTC, GLM/BTC, GTC/BUSD, HARD/BUSD, HIGH/BNB, ICX/BTC, ILV/BTC, IOST/BUSD, KDA/BTC, LOKA/BUSD, LTO/BUSD, MBOX/BTC, MINA/BTC, NEO/BNB, OCEAN/BNB, OM/BUSD, PHA/BTC, POWR/BTC, QI/BUSD, QTUM/BTC, RAD/BTC, RPL/BTC, SAND/BNB, SUSHI/BNB, SXP/BNB, TLM/BUSD, WAXP/BUSD, WTC/BTC, ZEN/BTC, ZIL/BNB, ZRX/BTC.

FTX Reminder: September 29th is the deadline for customers to submit claims

FTX reminds its customers on the X platform that the deadline for submitting claims is 4:00 p.m. Eastern Time on September 29, 2023 (4:00 a.m. Beijing Time on September 30). Users are advised to log in to the customer claims portal to begin the claims process. FTX requires customers to provide KYC information, and the KYC verification process will continue after the deadline.

In addition, FTX has sent separate notifications on September 17, 2023 regarding accounts that were previously frozen due to a network security incident.

The FTX Unsecured Creditors Official Committee has issued another reminder that the deadline for FTX customers to submit proof of claims is September 30, 2023. To determine whether you hold a “customer claim,” you must submit the claim before the customer bar date. Regardless of the KYC status, user claims must be submitted before 4:00 a.m. Beijing Time on September 30, 2023.

A similar announcement was made by the FTX Unsecured Creditors Official Committee in June.

September 30th

Project Updates:

dYdX to end trader fee discounts and restore normal fees on September 30th

dYdX has announced that it is updating the v3 fee schedule and will end all fee discounts for dYdX traders and restore normal fees at 1:00 a.m. Beijing Time on September 30th. Starting from September 30th, Hedgie holders will be eligible for a 3% fee discount, and holding multiple Hedgies will not increase the discount percentage.

OneKey Card to stop accepting new users from mainland China, Russia, and other regions starting September 30th

Hardware wallet OneKey announced on Twitter that starting from September 30, 2023, OneKey Card will stop accepting new users from the following countries or regions: mainland China, Iran, North Korea, Syria, Russia, North Macedonia, Sudan, Venezuela, and Zimbabwe. OneKey stated that users who have already activated their cards will not be affected and can continue to use them normally. This action is taken to strictly comply with local laws and regulatory requirements.

Rarible announces permanent support for royalties and will no longer aggregate orders from platforms like OpenSea after September 30th

NFT trading platform Rarible announced on X platform that it will permanently support royalties, which means that Rarible will no longer aggregate orders from OpenSea, LooksRare, and X2Y2 after September 30th. Rarible states that the principle of royalties is at the core of decentralization and continuously affirms the value of creators in each transaction.

Governance Voting:

Curve Finance proposes to reduce the crvUSD/USDC pool fee rate to 0.01% with voting ending on September 30th

Curve Finance tweeted that a community vote regarding reducing the “crvUSD/USDC pool fee rate to 1 bps (0.01%)” has been initiated, with the voting deadline set for September 30th. Relevant experiments have shown that adopting a 1 bps fee rate for the crvUSD/USDC pool will result in higher trading volume and returns compared to 2 bps (0.02%).

Token Unlock:

Optimism (OP) will unlock approximately 24.16 million tokens worth about $31.17 million on September 30th at 12:00 PM

October 1st

Exchange:

Cryptocurrency exchange Bybit will suspend its services in the UK starting from October 1st

Cryptocurrency exchange Bybit announced that starting from 16:00 (Beijing time) on October 1st, 2023, it will no longer accept new user registrations from any confirmed UK residents/nationals (“UK customers”). From 16:00 on October 8th, 2023, UK customers will no longer be able to make new deposits, create new contracts, or add to any existing positions for all products and services. However, they can reduce and close positions, and withdraw funds from the platform. UK customers affected by these measures are advised to take action to manage and reduce their positions by 16:00 on January 8th, 2024. After the specified deadline, their open positions will be liquidated, and the liquidation funds will be available for withdrawal.

Bitget announces an upgrade to the KYC process, existing users need to complete relevant certifications before October 1st

Bitget announced a comprehensive upgrade to the KYC process to better protect user rights, comply with global cryptocurrency industry regulatory requirements, and create a secure and compliant trading environment. Starting from September 1st, new registered users can use the full range of Bitget services after completing KYC verification. Existing users need to complete KYC verification before October 1st to ensure normal use. If there are any issues, users can contact customer service for 24/7 official support.

Project Updates:

Lybra Finance: The deadline for LBR V1 migration is October 1st, failure to migrate on time will result in permanent destruction from the circulating supply

Lybra Finance reminded on Twitter that the deadline for LBR V1 migration is 8:00 AM on October 1st (Beijing time), and any V1 LBR tokens that are not migrated before the deadline will be permanently destroyed from the circulating supply. Earlier, in July of this year, Lybra Finance launched the V2 testnet on the Arbitrum Goerli network. Through the V2 upgrade, users can use RocketPool, Binance, and Swell’s liquidity staking tokens as collateral to generate the stablecoin eUSD, and this version also introduces a complementary stablecoin called peUSD.

LianGuaiyLianGuail will suspend cryptocurrency purchasing services in the UK starting from October 1st, expected to resume in early next year

In an email sent to some users on August 14th, LianGuaiyLianGuail stated that due to new regulations introduced by the Financial Conduct Authority (FCA) in the UK, it will temporarily suspend its cryptocurrency purchasing services in the UK starting from October 1st, 2023, and will resume in early 2024 (specific date unknown). The company did not specify which rules are involved but stated that these rules will require “additional steps to be taken before customers can purchase cryptocurrencies.”

Despite the inability to purchase cryptocurrencies, LianGuaiyLianGuail stated that users will be able to hold and sell their cryptocurrencies during the service interruption period. The company did not specify whether users can transfer cryptocurrencies to other wallets and exchanges, but currently, it seems that this feature is only available to US users. The company assures users that their cryptocurrencies remain secure and states that holding the cryptocurrencies will not incur any fees.

Specific time to be determined

Project Updates:

Arbitrum Odyssey Event Will Relaunch Next Week for 7 Weeks

Ethereum Layer 2 scaling solution Arbitrum announced on the X platform that the Arbitrum Odyssey event will relaunch next week. This Odyssey will collaborate with the Web3 community event platform Galxe and will last for 7 weeks. Participants who complete tasks and explore the 13 projects on Arbitrum One will receive custom badges. There will be no airdrops or rewards in this event, and the badge will be the only item that users can collect after completing the tasks. The new Arbitrum Odyssey will include the following 13 projects: GMX, Aboard, tofuNFT, Uniswap, ApeX Protocol, 1inch Network, Premia Blue, DODO, Swapr, Treasure, BattleFly DAO, handle.fi, SushiSwap.

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