Weekly Preview | FTX Debt Claim Website to Launch; Sui to Unlock Tokens Valued at Over $20 Million

Weekly Preview: FTX Debt Claim Website Launch & Sui to Unlock $20M+ Tokens

News Preview:

  • As a client claims portal for debtors, the FTX creditor claim website has gone live and will be launched around July 3, 2023, after signing a court order related to the motion.
  • Bitcoin Depot, one of the largest cryptocurrency ATM companies in the United States, will be listed on Nasdaq on July 3.
  • Layer 1 blockchain Ziliqa Mainnet plans to upgrade to version v9.2 at 16:00 Beijing time on July 5.
  • The decentralized exchange dYdX will launch the dYdX Chain public testnet on July 6 at 1:00 a.m. Beijing time.

More weekly previews can be found by downloading the BlockingNews app and following the Events Calendar section, where you can read more blockchain breaking news and in-depth articles anytime, anywhere.July 3:

Governance Vote:

AzukiDAO initiated the proposal “Hire lawyers to reclaim 20,000 ETH from founder Zagabond and file a lawsuit against him,” and the vote will end on July 3.

AzukiDAO has released a proposal to “hire lawyers to assist the community in reclaiming 20,000 ETH from Zagabond and filing a lawsuit against him.” Specific content includes: hiring lawyers to sue Azuki founder Zagabond for rug pulling multiple projects; retrieving 20,000 ETH from the team and distributing it to the DAO to promote the growth of the entire Azuki community and provide rewards and incentives for artists, content creators, and builders; Azuki DAO provides financial support to 20000E DAO, which will establish a research team for the lawsuit. The proposal voting deadline is July 3. It is reported that AzukiDAO and 20000E DAO were established by former Azuki community members and holders and are not the official Azuki team.

Project Dynamics:

Cryptocurrency ATM company Bitcoin Depot will be listed on Nasdaq on July 3.

Bitcoin Depot, one of the largest cryptocurrency ATM companies in the United States, has completed a merger transaction that will allow the company to go public. Financial technology company GSR II Meteora Acquisition Corporation announced in a statement released on June 30 that its shareholders have approved the company as a special purpose acquisition company (SPAC) for Bitcoin Depot, and it is expected that Bitcoin Depot will be listed on Nasdaq on July 3. The transaction was first reported in August 2022, and the two sides plan to merge and go public on Nasdaq with a valuation of $885 million. Brandon Mintz, founder and CEO of Bitcoin Depot, said that the merger transaction aims to seize growth opportunities and promote the adoption of Bitcoin. According to the Bitcoin Depot website, the company was founded in 2016 and is one of the largest cryptocurrency ATM companies in North America, with more than 9,130 locations.

Binance to release second NFT collection of C. Ronaldo on July 3

The second NFT collection “ForeverCR7: The GOAT” of C. Ronaldo’s collaboration with Binance will be released on July 3, which pays tribute to his 838 goals scored so far, including twenty designs divided into four rarity levels: Super Super Rare (SSR), Super Rare (SR), Rare (R), and Normal (N). According to previous reports, C. Ronaldo launched his first NFT series on Binance in November last year.

AlienSwap to launch Ethereum NFT gasless trading market Mirror Market on July 3

AlienSwap NFT platform will launch Ethereum NFT gasless trading market Mirror Market on July 3, creating the first NFT market that supports Ethereum NFT gasless issuance and trading. Mirror Market will launch and go live with NFT no-code creation platform Create X, NFT no-gas mint, and NFT zero-gas transaction innovation area, ushering in a new era of Ethereum NFT zero-gas trading.

FTX claims portal goes live, set to launch around July 3

FTX claims portal has gone live as a customer claims portal for the debtor, which will launch around July 3, 2023, after signing a court order related to the motion. Recently, FTX debtors filed a motion for a customer claims deadline, which aims to establish a deadline for customers to submit claims and to approve the procedure for doing so, among other things. The motion is scheduled to be heard in court on June 28, 2023, at 1 pm Eastern Time.

Ethereum Meeting: Devnet #7 for EIP-4844 to be launched as early as July 3

Christine Kim, VP of Research at Galaxy, summarized the 112th Ethereum core developer consensus (ACDC) meeting, where developers discussed including a builder override flag in the Engine API, raising the target blob limit from 2 to 3 and the maximum blob limit from 4 to 6, and ongoing research around changing the validator maximum effective balance. Developers from the Ethereum Foundation DevOps team said that all EL and CL client teams have passed the relevant Hive tests for Devnet #7 and plan to launch Devnet #7 as early as July 3. Devnet #7 is a dedicated short-term test network for EIP-4844 and will not test other code changes.

Token Unlock:

On July 3 at 8:00, 34,615,385 SUI tokens, worth approximately $23.47 million, will be unlocked, accounting for 0.346% of the total supply.

July 4

Policy Regulation:

Japan’s new finance minister, Tadahiko Furukawa, who was responsible for strategic development in the encryption field, will take office on July 4.

The Japanese government announced that Junichi Nakajima, director-general of the Financial Services Agency, has resigned and appointed Tadahiko Furukawa, the director of the Strategic Development and Management Bureau that specializes in cryptocurrency and fintech issues under the Financial Services Agency, to take over on July 4.

Token Unlock:

On July 4 at 23:00, 6,520,128 DYDX tokens, worth approximately $13.82 million, will be unlocked, accounting for 0.652% of the total supply.

July 5

Project Update:

Ziliqa mainnet is scheduled to be upgraded to version 9.2 on July 5, and deposits and withdrawals will be suspended during the upgrade.

The Layer 1 blockchain Ziliqa mainnet is scheduled to be upgraded to version 9.2 at 16:00 on July 5th Beijing time, and the upgrade is expected to take about 8 hours (or up to 24 hours). During the upgrade, the Ziliqa network will not process transactions, and deposits and withdrawals will be suspended.

This upgrade will introduce a number of enhanced and new features aimed at optimizing performance and strengthening cross-chain functionality. Among them, a key improvement is to enhance the interoperability between EVM and Scilla, simplify the creation, testing and launching of ERC-20 and ZRC-2 smart contracts for alternative tokens, and promote seamless cross-chain interaction. Enhanced features also include expanding the test coverage of third-party EVM contracts and full backward compatibility with all existing Scilla contracts in Scilla version 0.13.3. In addition, the upgrade includes various bug fixes, improvements to server-side resilience and overall network performance, advanced search and tracking capabilities for developers, and extended development platform support.

Community Activity:

Registration for the first official Sui hackathon will end on July 5.

The Sui Foundation announced on its official blog that the first official Sui hackathon will begin accepting applications from May 30th to July 5th. The hackathon, co-hosted by the Sui Foundation and KuCoin Labs, will hold a demo day on July 19th at Builder House in Paris and online, with a total prize pool of $285,000. The project categories that can participate in this hackathon are: ① Infrastructure and Tools; ② NFT, Social and DAO; ③ Games and AIGC; ④ DeFi and Payments.

Token Unlocking:

Liquity (LQTY) will unlock 657,350.92 tokens worth approximately $620,000 at 8:00 AM on July 5th, accounting for 0.657% of the total supply.

Galxe (GAL) will unlock 416,666.67 tokens worth approximately $520,000 at 8:00 PM on July 5th, accounting for 0.208% of the total supply.

July 6th

Policy and Regulation:

The U.S. non-farm payroll report for June will be released on July 7, 2023.

Project Update:

dYdX will launch the dYdX Chain public testnet on July 6th.

The decentralized exchange dYdX will launch the dYdX Chain public testnet at 1:00 AM Beijing time on July 6th. The tested functions will include connecting wallets, viewing order books, placing orders, and viewing account information. At launch, the public testnet will only support Bitcoin and Ethereum markets, but dYdX plans to support more than 30 markets through network upgrades in the future. dYdX Chain is a blockchain built on Cosmos with five milestones, and it has completed four of them so far. Its goal is to launch the mainnet in September and complete the fifth milestone.

Dash Core releases version 19.2.0, mandatory upgrade before the fork on July 6th.

The Dash official blog announced that Dash Core v19.2.0 has been officially released, which is a mandatory upgrade and introduces some major changes. Dash reminds all nodes to upgrade to this version, and nodes running below version 19.2 are expected to diverge from other nodes in the network on July 6th. If you fail to upgrade before the planned fork on July 6th, the system may need to be reindexed. According to Dash, this version upgrade will solve the v19 hard fork problem, including some edge case issues that were missed in functional testing, which could cause the mainnet to stop producing blocks; in addition, Dash also optimized data migration and historical data support for lightweight clients, and solved problems such as wallet crashes caused by more than 256 characters in mnemonic phrases.

Dior launches new men’s shoe collection with “digital twin” NFT, with the first release exclusively online on July 6

French fashion brand Dior has launched a new men’s shoe collection featuring an encrypted online authentication system with an NFC chip and “digital twin” NFT. The sports shoe, called B33, was designed by Dior’s men’s artistic director Kim Jones and is part of the Dior Men’s Fall 2023 collection. The first of seven sports shoes will be released exclusively online on July 6, with a limit of 470 pairs. Each pair of shoes will come with a “digital twin,” an NFT minted on the Ethereum blockchain to match the shoes. Each pair of shoes will be sold for $1,350. The NFC chip in the shoes will be associated with an encryption key that can provide a digital authenticity certificate and other specialized services.

Web3 fantasy sports platform GameOn to hold investor webinar on July 6

GameOn will hold an investor webinar on July 6 to discuss funding, financial documents, and the company’s next steps. It has already raised $1.7 million, with participation from blockchain platform Flow launched by Lightning Capital and Dapper Labs, as well as partnerships with global sports, media, and entertainment IPs including NBCUniversal, Bravo, Karate Combat, WNBA, DICK’S Sporting Goods, and Gaming Society.

Community events:

ConsenSys to hold global virtual hackathon Not Another Virtual Hackathon on July 6

Blockchain software technology company ConsenSys will hold the global virtual hackathon “Not Another Virtual Hackathon” from July 6 to August 21, 2023, with a prize pool of $115,500. Hackathon registration begins on June 27, 2023 and ends on August 14, 2023.

Token unlocks:

Euler (EUL) will unlock 151,562 tokens worth about $340,000, which accounts for 0.558% of the total supply, at 04:15:30 on July 6

Tornado Cash(TORN) will unlock 175,000.01 tokens worth about $650,000, which accounts for 1.75% of the total supply, at 11:29:50 on July 6

July 7

Token unlocks:

Safe(SAFE) will unlock 20,000,000 tokens, which accounts for 2% of the total supply, at 8:00 on July 7

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