Weekly preview | Multiple Ethereum futures ETFs will be launched in the United States; Sui (SUI) will unlock approximately 34.62 million tokens worth more than $16 million

News preview:
ProShares to Launch Ethereum Strategy ETF (EETH) on October 2
The U.S. SEC approved Valkyrie to convert its existing Bitcoin futures ETF into a Bitcoin and Ethereum futures ETF. The new fund will officially take effect on October 3.
Jury selection for the SBF trial will begin on October 3, with the trial set to begin the next day
Sui (SUI) will unlock approximately 34.62 million tokens at 8:00 on October 3, worth approximately $16.6 million
The UK Financial Conduct Authority will implement stricter regulatory rules for crypto advertisers from October 8
For more weekly previews, please click to download the PANews APP, follow the event calendar section launched by PANews, and read more blockchain instant news and in-depth articles on PANews anytime, anywhere.
October 2
Exchange:
Binance will suspend adding liquidity to the ETH/BETH or BETH/USDT liquidity pools from 12:00 on October 2
Binance released important updates on BETH and WBETH. BETH will continue to be used for ETH staking rewards, and WBETH can be used for trading, as collateral for Binance staking and borrowing, and for participating in DeFi projects on non-Binance platforms. From 12:00 on October 2, users will not be able to add liquidity to the ETH/BETH or BETH/USDT liquidity pools, and the ETH/BETH and BETH/USDT liquidity pools will be removed after 12:00 on October 6. Users holding positions in the above liquidity pools will automatically receive their deposited assets in their spot wallets after 12:00 on October 6.
Project dynamics:
ProShares to Launch Three Cryptocurrency ETFs on October 2
ProShares announced that it will launch the Ethereum Strategy ETF (EETH) on October 2. At the same time, ProShares will also launch an equal-weight strategy ETF (BETE) and a market-cap weight strategy ETF (BETH) for Bitcoin and Ethereum. These three ETFs will be listed on the New York Stock Exchange and will be open to investors through brokerage accounts without the need for cryptocurrency custodians, trading accounts or wallets. It is reported that ProShares launched the first Bitcoin-linked ETF BITO in 2021, and in 2022, ProShares launched the first short-selling Bitcoin ETF BITI. ProShares' cryptocurrency ETF products have now increased to 5.
Celsius creditors vote to approve restructuring plan; case to be heard at hearing on October 2
The majority of creditors affected by Celsius' bankruptcy voted to approve a reorganization plan with more than 98% support. Under the plan, the debtor will distribute about $2 billion worth of Bitcoin and Ethereum to creditors, as well as equity in a new company (NewCo). The plan has been supported by the Official Committee of Unsecured Creditors. The U.S. Bankruptcy Court for the Southern District of New York will hear the case at a hearing scheduled for October 2 and make a ruling on final approval. NewCo will inherit Celsius' business and be managed by Fahrenheit Group, which won the Celsius asset auction bid in May this year.
Hackers attacked a HTX hot wallet and stole $7.9 million. The deadline for voluntary return is October 2
Yesterday, it was discovered that a certain EOA address received 5,000 ETH from HTX, and this morning it was discovered that HTX had migrated its hot wallet. It has been confirmed that a hot wallet of HTX was attacked, resulting in a loss of $7.9 million, and the hacker's address was announced. HTX has called out to the hacker on the chain, saying that if the return is made before October 2, a 5% white hat bonus will be provided, otherwise it will request judicial authorities to intervene.
Injective will launch public registration of .inj domain names on October 2
Injective, a Layer 1 blockchain based on Cosmos, has partnered with the decentralized domain name protocol SPACE ID to hold an auction of .inj domain names from September 20 to September 25, pre-register for .inj domain names from September 26 to October 1, and launch public registration on October 2.
community activity:
Arbitrum Odyssey event has been restarted, and the first week of tasks will end at midnight on October 2
Arbitrum, the Ethereum Layer 2 scaling solution, announced on the X platform that the Odyssey event has been restarted, and the first task was launched on GMX. The first week of tasks will be from the early morning of September 27 to the early morning of October 2, Beijing time. The tasks include leveraged trading in the GMX V2 market, sharing GMX referral links on social media, and following GMX on social media. Arbitrum reminds users that if they complete the GMX task, it will take a few days to prove their eligibility to apply for the NFT badge, because the eligibility information needs to be manually updated this week.
Sui Liquidity Staking Hackathon Results to be Announced on October 2
Registration for the Sui Liquidity Staking Hackathon has been opened. The registration for this hackathon was officially opened on August 16, and the competition will be held in the form of Demo Day from September 27 to 30. The results will be announced on October 2. The prize pool for this hackathon includes 25 million staked SUI tokens and SUI tokens worth $125,000.
Governance Voting:
The dYdX community proposes to allocate $20 million worth of DYDX to V4 early adopters, voting ends on October 2
The dYdX community will start voting on the "dYdX V4 Launch Rewards Program" proposal tomorrow. The proposal was initiated by the blockchain security agency Chaos Labs and proposes to allocate $20 million worth of DYDX tokens as rewards for early adopters of dYdX V4 to encourage users and trading volume to seamlessly migrate to V4, and stimulate the growth of the protocol and guide trading volume. The proposal voting will end on October 2.
October 3
Project dynamics:
Jury selection for the SBF trial will begin on October 3, with the trial set to begin the next day
SBF's attorney, Mark Cohen, argued that the jury questions raised by the U.S. government contained loopholes that could result in an unfair trial for SBF. Mark Cohen stressed that the court must remind potential jurors that SBF is entitled to the presumption of innocence until proven guilty beyond a reasonable doubt. He also believed that the language used in the jury selection questions had portrayed a biased image, assuming that SBF was guilty of fraud and money laundering. Jury selection will begin on October 3 and the trial will begin on October 4.
Valkyrie's application for "Bitcoin Futures ETF Converted to Bitcoin and Ethereum Futures ETF" was approved by the SEC and will take effect on October 3
The U.S. SEC has approved Valkyrie to convert its existing Bitcoin futures ETF into a Bitcoin and Ethereum futures ETF. The new fund will be renamed the "Valkyrie Bitcoin and Ethereum Strategic ETF" and will officially take effect on October 3, while the code will remain BTF. A spokesperson said that the Valkyrie Bitcoin Strategy ETF has begun to increase its exposure to Ethereum futures contracts, and it has also become the first ETF in the United States to provide exposure to both Ethereum and Bitcoin futures contracts. The Valkyrie Ethereum Futures ETF was the first to be approved because it "supplements the prospectus and updates the risk disclosures related to Ethereum futures." Valkyrie said it will not purchase Ethereum futures before the SEC's approval officially takes effect.
community activity:
Consensys’ Web3 Fellowship Program is now open for applications and closes on October 3
Consensys launches 12-week Web3 Fellowship program, offering mentorship, workshops, and potential investment of up to $1.5M, with no equity. Great for early-stage teams (up to 5 members). Applications open today. Deadline October 3, 2023. Fellowship start date November 6, 2023. Demo day April 5, 2024.
Governance Voting:
The Lido community preliminarily passed the proposal to "add 7 node operators" and will conduct an on-chain vote on October 3
The Lido community has voted to pass the snapshot vote of the proposal to "add 7 Ethereum operators" with a support rate of 99.99%. The proposed 7 Ethereum operators include a4x Inc., Develp GmbH, Ebunker Technology LIMITED, Gateway.fm AS, Numic, ParaFi Technologies LLC, and Rockaway Blockchain GP Ltd. It is reported that Ebunker.io is the only Chinese company shortlisted this time. Next, the Lido community will conduct an on-chain Aragon vote on October 3, 2023 to add 7 node operators to the Curated Operator Set.
Token unlocking:
Sui (SUI) will unlock approximately 34.62 million tokens at 8:00 on October 3, worth approximately $16.6 million
dYdX (DYDX) will unlock approximately 2.16 million tokens at 23:00 on October 3, worth approximately $4.27 million
October 4
Project dynamics:
Tottenham Hotspur to launch SPURS fan token on Chiliz on October 4
Tottenham Hotspur of the Premier League will issue fan tokens SPURS on Chiliz. Fan tokens will be sold on October 4 at a price of $2 per coin. Token holders will be able to participate in online voting and receive certain rewards and experiences.
Governance Voting:
Uniswap Foundation releases $62.37 million fundraising proposal, which will be voted on on-chain on October 4
The Uniswap Foundation released a proposal, stating that the initial application amount was US$74 million, and US$17.3 million was received in the first phase; now it is applying to add 10% of the buffer funds to the second phase funds (the remaining US$56.7 million), which is a total of US$62.37 million, and plans to vote on the chain on October 4. This batch of funds will be used to support the construction of the Uniswap ecosystem, including developer support, research funding, etc. In addition, the Uniswap Foundation announced a number of future plans, including further development of the Hooks ecosystem, launching the TL;DR Fellowship in October 2023, continuing to support IRL representative activities and building more digital connection methods. The Uniswap Foundation also plans to achieve larger goals in 2024 and beyond, such as expanding its ecology, innovation, and strengthening governance.
Token unlocking:
Tornado Cash (TORN) will unlock approximately 22,000 tokens at 11:06 on October 4, worth approximately $70,000
October 5
Policy supervision:
U.S. CFTC Commissioner: Digital Assets Subcommittee to Release Regulatory Standards Recommendations on October 5
Caroline Pham, commissioner of the U.S. CFTC, said at the Korea Blockchain Week that the Digital Assets Subcommittee plans to develop digital asset regulatory standards within the next two years and will issue relevant recommendations on October 5. Pham said that the goal of the subcommittee is to define digital assets. He emphasized that the key is to distinguish whether digital assets are financial assets or non-financial assets, because digital assets can be non-financial assets, so the same regulation as financial assets is not a panacea. Pham also pointed out that it is necessary to regulate DeFi, and in the case of code-based DEX, regulatory issues can be discussed by focusing on algorithms. It is reported that the Digital Assets Subcommittee was established in February this year, chaired by Palm, to formulate regulatory recommendations for digital assets.
Token unlocking:
1inch (1INCH) will unlock about 287,000 tokens at 8:00 on October 5, worth about $80,000
Galxe (GAL) will unlock approximately 416,000 tokens at 20:00 on October 5, worth approximately $540,000
Liquity (LQTY) will unlock approximately 657,000 tokens at 8:00 on October 5, worth approximately $700,000
October 6
Exchange:
Crypto exchange Luno will ban some UK customers from investing in cryptocurrencies starting October 6
Nick Taylor, head of public policy at crypto exchange Luno, said in a statement that the company plans to ban some UK customers from investing in cryptocurrencies. An email from Luno customers showed that they will not be able to buy or trade cryptocurrencies from October 6. Taylor said that the UK Financial Conduct Authority (FCA) has implemented new rules for crypto companies. Therefore, all compliant crypto companies with UK customers are making some adjustments to their platforms to comply with the new regulations. Affected Luno customers can still sell cryptocurrencies and withdraw money.
Crypto exchange Bybit will suspend its UK services on October 6
Cryptocurrency exchange Bybit announced that from 16:00 (GMT+8) on October 1, 2023, it will no longer accept new user account applications from any identified UK residents/nationals ("UK customers"). From 16:00 on October 8, 2023, UK customers will no longer be able to make any new deposits, create new contracts, or increase any existing positions across all products and services. However, they can reduce and close their positions and withdraw funds from the platform. UK customers affected by these measures are advised to take action to manage and reduce their positions before 16:00 on January 8, 2024. After the specified period, their open positions will be liquidated and the liquidated funds will be available for withdrawal.
Project dynamics:
Aptos Labs Partners with Universal Pictures to Launch Immersive Digital Experience for The Exorcist: The Following, Set to Premiere October 6
Aptos Labs has partnered with Universal Pictures to create a digital experience for the upcoming “The Exorcist: The Following,” set to premiere on October 6. Users who purchase tickets through Fandango will receive a code to redeem the digital experience, where they can collect exclusive artwork, watch behind-the-scenes footage, and use Exorcist-themed AR filters.
BIS seeks blockchain-based sustainable finance solutions, and its call for technical proposals runs until October 6
The Bank for International Settlements (BIS), together with the COP28 Presidency and the Central Bank of the United Arab Emirates (CBUAE), will launch the COP28 UAE TechSprint, a global initiative to promote innovation in scaling up sustainable finance and addressing climate change. The problem statement focuses on the application of artificial intelligence, blockchain, IoT and sensor technologies. The initiative calls for blockchain solutions for auditing and enhancing transparency, traceability and accountability in sustainable finance. The program is open to developers worldwide. Technologists can submit technical proposals for one or more problem statements by October 6, 2023. Shortlisted teams will be invited to further develop their solutions and each team will be eligible for a stipend of AED 45,000 (approximately US$12,000).
Governance Voting:
Arbitrum Security Council votes in first round to select 24 nominees, final round to be held on October 6
The first round of voting for the Arbitrum Security Council election has ended, and 24 nominees have qualified for advancement. The Arbitrum Foundation has begun the compliance process for the 24 qualified candidates. This phase will last for 2 weeks until October 6, 2023. In addition, the final round of voting will begin on October 6 to determine the next batch of Security Council members.
Arbitrum community launches "Short-term Incentive Plan" proposal, second round of voting will start on October 6
The Arbitrum community launched the "Arbitrum Short-term Incentive Program" AIP proposal, which aims to allocate up to 75 million ARB rewards from the DAO treasury to active Arbitrum protocols to meet the short-term needs of the community. The proposal is divided into two parts: the financial proposal and the application process. The financial proposal includes allocating 75 million ARB to the multi-signature address of the plan, and another 37,000 million ARB for the operating budget for community/project promotion.
The plan will have two rounds of voting, with a snapshot vote on September 8. The first cycle will be from September 15 to October 6, with on-chain voting, application, review, voting and fund allocation. The second cycle will be from October 6 to October 27, with application, review, voting and fund allocation.
Token unlocking:
Nym (NYM) will unlock approximately 12.5 million tokens at 8:00 on October 6, worth approximately $1.43 million
October 7
Token unlocking:
Hashflow (HFT) will unlock approximately 3.23 million tokens at 8:00 on October 7, worth approximately $1.13 million
ImmutableX (IMX) will unlock approximately 18.08 million tokens at 18:00 on October 7, worth approximately $10.88 million
October 8
Policy supervision:
The UK Financial Conduct Authority will implement stricter regulatory rules for crypto advertisers from October 8
The Financial Conduct Authority announced that advertisers of crypto services will face stricter regulations in the UK from October 8. Cryptocurrency companies must introduce a "cooling-off period" for first-time investors from October 8. And prohibiting investment incentives such as "refer a friend" or "new entrant bonuses", the measures taken against crypto advertising today are consistent with the restrictions introduced last year on advertising high-risk investments.
After the announcement, the Financial Conduct Authority of the United Kingdom reminded crypto companies that they must comply with the marketing compliance system starting October 8. Jayson Probin, head of crypto financial promotion at the FCA, said that companies that fail to comply with the regulations may be subject to criminal charges. The FCA of the United Kingdom also stated on its official website that the marketing of crypto asset companies must be "clear, fair and not misleading."
Token unlocking:
Moonbeam (GLMR) will unlock approximately 3.04 million tokens at 8:00 on October 8, worth approximately $710,000