Weekly Preview | Ethena will airdrop 750 million ENA tokens to users on April 2; the 2024 Hong Kong Web3 Carnival opens
In the coming week from April 1st to April 7th, there are still these blockchain news worthy of your attention.
Highlights:
- The TON Foundation plans to launch the first season of the Open League on April 1, offering a community reward of 30 million Toncoin tokens worth approximately $115 million.
- dydx (DYDX) will unlock around 33.33 million tokens worth about $115 million on April 1 at 8:00 am.
- DeFi protocol Ethena announced plans to introduce governance tokens and will airdrop tokens to USDe holders on April 2.
- Sui (SUI) will unlock around 34.62 million tokens worth about $67 million on April 3 at 8:00 am.
- The first public offering project Zeus Network on Jupiter LFG Launchpad will kick off on April 4.
- The 2024 Hong Kong Web3 Carnival will open on April 6.
April 1
Exchanges:
Coinbase will launch Litecoin and Bitcoin Cash futures trading on April 1.
Coinbase Derivatives announced the launch of monthly cash-settled futures trading for Dogecoin, Litecoin, and Bitcoin Cash on April 1. Coinbase is using the CFTC's self-certification process to quickly list these futures contracts. The platform later announced the postponement of Dogecoin (DOGE) futures contract launch from April 1 to April 29.
Bitget will launch the Launchpool project Dopamine (DOPE) on April 1.
HKVAEX will gradually suspend and close operations starting from April 1.
Matter Labs will no longer cover the withdrawal fees for zkSync native bridge to Ethereum mainnet starting from April 1.
Manta Network: wUSDM to USDC withdrawals are in progress, with the first batch expected to be completed by April 1.
The TON Foundation plans to launch the first season of the Open League on April 1, offering $115 million in Toncoin community rewards.
CyberConnect introduces a $2 million ecosystem funding program, with the first round of applications opening on April 1.
Governance Voting:
Uniswap DAO considers expanding reserves beyond UNI tokens, with a temperature check vote ending on April 1.
Token Unlock:
ZetaChain (ZETA) will unlock around 5.29 million tokens worth about $11.2 million on April 1 at 8:00 am.
dydx (DYDX) will unlock around 33.33 million tokens worth about $115 million on April 1 at 8:00 am.
Manta Network (MANTA) will unlock around 1.87 million tokens worth about $5.6 million on April 1 at 7:59 am.
Tornado Cash (TORN) will unlock around 91,600 tokens worth about $240,000 on April 1 at 11:30 am.
Acala (ACA) will unlock around 27.43 million tokens worth about $4.8 million on April 1 at 3:00 pm.
April 2
Exchanges:
Coinbase will suspend UNFI trading on April 2.
Project Updates:
Ethena will airdrop 750 million ENA tokens, accounting for 5% of the total supply, to users on April 2.
Bounce Launchpad will launch the liquidity restaking project Euclid Finance on April 2.
The ECL supply is 11.33 million. Participants in the whitelist fixed price pool need to win E points by participating in the Euclid LRT tournament, with a total fundraising amount of $300,000. The Swap trading pair is USDT, with a ratio of 1 ECL = 0.02 USDT. Currently, two ECL ID0 pools have not yet been launched.
QnA3.AI will start the second round of airdrops at 12:00 on April 2nd.
The AI+DePIN knowledge platform QnA3.AI announced on X platform that the BNB Chain snapshot related to the second round of airdrops has been completed today, with a portion of 5 million GPT tokens to be distributed. The main rewards will be given to active users after TGE and those who have not yet applied for points. Previously, QnA3.AI stated that the second round of airdrops will start at 12:00 on April 2nd, distributing 5 million GPT tokens. Users who missed or have not claimed the rewards from the first round of airdrops need to claim points before March 15th, with the team taking a snapshot on March 15th.
Fetch.ai: The total supply of ASI tokens will be 2.63 billion, with the governance proposal vote expected to start on April 2nd.
Fetch.ai announced details of the merger with SingularityNET and Ocean Protocol, planning to rename their respective tokens to ASI. Governance proposals will be submitted to the community, with voting expected to start on April 2nd and be completed by April 16th. If approved, the total supply of ASI will be 2.63 billion. The FET exchange ratio is 1:1, and OCEAN and AGIX will be exchanged for ASI at a fixed ratio. Token swap contracts have been tested and audited, with details to be confirmed with partners and exchanges, and more token economic model documents planned for release next week.
Bounce Launchpad will launch the liquidity restaking project Euclid Finance on April 2nd.
The decentralized auction platform Bounce Brand announced on X platform that the next Launchpad will launch the ECL token of the full-chain liquidity restaking protocol Euclid Finance. The ID0 period for this project is from 16:00 on April 2nd to 16:00 on April 4th Beijing time, providing AUCTION staking pools and whitelist fixed price pools. The AUCTION staking pool is open to all users, with a total fundraising amount of $226,000 and ECL supply of 11.33 million. Participants in the whitelist fixed price pool need to win E points by participating in the Euclid LRT tournament, with a total fundraising amount of $300,000. The Swap trading pair is USDT, with a ratio of 1 ECL = 0.02 USDT. Currently, two ECL ID0 pools have not yet been launched.
April 3rd
Exchanges:
Binance will delist DREP, MOB, PNT on April 3rd.
Binance announced that it will halt trading and delist the following tokens on April 3rd, 2024, at 11:00 (GMT+8): DREP (DREP), Mobilecoin (MOB), pNetwork (PNT). The trading pairs to be removed include DREP/BTC, DREP/USDT, MOB/BTC, MOB/USDT, PNT/USDT. After trading is halted, all orders will be automatically canceled.
Project Updates:
Wormhole will open the claim for airdrop on April 3rd.
Wormhole announced on Twitter that the claim for the airdrop will open on April 3rd, 2024, at 19:30 (Beijing time).
Frax Finance plans to take the second snapshot on April 3rd to calculate more FXTL points.
The stablecoin protocol Frax Finance previously took a snapshot of veFXS balances on the Ethereum mainnet on March 7th at 8:00 (Beijing time) to calculate FXTL points. Due to high Ethereum gas fees and widespread user demand, Frax Finance also plans to take a second snapshot on April 3rd to calculate more FXTL points. This snapshot will include Fraxtal and veFXS balances on the Ethereum mainnet.
Token Unlock:
Sui (SUI) will unlock approximately 34.62 million tokens worth around $67 million on the morning of April 3rd.
April 4th
Project Updates:
Jupiter LFG Launchpad's first public offering project Zeus Network will launch its public offering on April 4th.
Justin, the founder of Jupiter LFG Launchpad's first public offering project Zeus Network, revealed during a live broadcast that the token public offering is scheduled for April 4, 2024. In addition, Zeus Network will provide additional benefits to users who participated in Launchpad voting, including extra ZEUS token rewards, exclusive access to the first dApp APOLLO testnet next week, and exclusive roles that can be claimed in the official Zeus Network Discord.
The Nigerian government will begin the trial against Binance for tax evasion on April 4th, with the arrested executives accusing the authorities of "human rights violations."
The detained Binance executive Tigran Gambaryan has filed a lawsuit against Nigerian authorities, including National Security Adviser (NSA) Nuhu Ribadu and the Economic and Financial Crimes Commission (EFCC), accusing them of human rights violations. Meanwhile, the Nigerian authorities are expected to begin the trial for the tax evasion case against the cryptocurrency exchange platform and its executives on April 4th. Gambaryan filed a motion with the Abuja Federal High Court, outlining five key demands. These demands include declaring that his detention and continued confiscation of his passport violate his freedom rights under the Nigerian constitution; the court ordering his immediate release and return of his passport; issuing a permanent injunction to prevent further detention by the authorities due to the Binance investigation. Additionally, the motion requests a public apology and specifies that the defendants bear all costs incurred during the litigation.
April 5th
Project Updates:
The Mystiko token XZK has conducted a community sale on CoinList, ending in the early hours of April 5th.
The Web3 foundational layer Mystiko announced that its token XZK has conducted a community sale on CoinList, priced at $0.15 per token. The event ended at 1:00 on April 5th Beijing time, with a maximum purchase limit of $3,000 per participant.
The Bitcoin Layer2 infrastructure project Bitlayer Labs plans to launch the first version of the mainnet on April 5th.
Bitlayer is a Bitcoin secure equivalent Layer 2 based on the BitVM paradigm, aiming to be the computational layer of Bitcoin. It plans to launch the first version of the mainnet on April 5th and introduce the ecosystem incentive program Ready Player One. Previously, Bitlayer announced the completion of a $5 million seed round of financing, led by Framework Ventures and ABCDE Capital, with participating institutions including StarkWare, OKX Ventures, Alliance DAO, UTXO Management, Asymmetric Capital, Kenetic Capital, among others.
Token Unlock:
Liquity (LQTY) will unlock approximately 657,000 tokens worth around $1 million on the morning of April 5th.
Galxe (GAL) will unlock approximately 3 million tokens worth around $15 million on the morning of April 5th.
April 6th
Community Event:
The 2024 Hong Kong Web3 Carnival will open on April 6th.
The 2024 Hong Kong Web3 Carnival will be held from April 6th to 9th, co-hosted by Wanxiang Blockchain Lab and HashKey Group, organized by W3ME, featuring 160+ global hot projects, 100+ industry vertical media, and 300+ expert scholars, representatives of well-known projects, industry leaders, and other keynote speakers.
April 7th
Token Unlock:
Hashflow (HFT) will unlock approximately 13.62 million tokens worth around $6.2 million on the morning of April 7th.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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