Important news preview:
The U.S. Consumer Price Index (CPI) for June will be released on June 12. The Kava 14 mainnet will be released on July 12. Aptos (APT) will unlock approximately 4.54 million tokens at 8 a.m. on July 12, worth Approximately 32.44 million U.S. dollars. The U.S. Massachusetts Senate will hold a hearing on blockchain and digital assets on July 13. Cryptocurrency exchange KuCoin will mandate KYC procedures for all customers starting from July 15.
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July 10
Exchange:
Gate.io will list UmisFriends governance token UNT at 20:00 on July 10
Gate.io will launch the light game UmisFriends governance token UNT for the first time, and the trading channel will be opened at 20:00 on July 10, Beijing time. UmisFriends is an easy-to-decompress match-3 game. It allows Web2 users to enter the Web3 world and play multiple modes in the simplest way. Its unique wave deflation and parallel universe models enable sustainable ecological development.
TRON’s first RWA product, stUSDT, will launch an incentive event on July 10
stUSDT, the first RWA track product in the TRON ecosystem, has been launched and is running through the decentralized platform JustLend. The stUSDT platform will hold its first event from July 10th to August 10th, and relevant benefits will be launched at that time.
Token Unlocked:
Moonbeam (GLMR) will unlock approximately 3.04 million tokens, worth approximately $740,000, at 8:00 AM on July 10
July 11th
Policy supervision:
The chairman of the U.S. House of Representatives Financial Services Committee will submit a comprehensive encryption bill after the meeting resumes on July 11
U.S. House Financial Services Committee Chairman Patrick McHenry plans to hold a committee vote on a comprehensive bill to establish a regulatory framework for cryptocurrency products. He said he expected to submit a bill for consideration by the committee after lawmakers resume session on July 11. It is reported that Patrick McHenry and Pennsylvania Republican Representative Glenn Thompson announced a draft bill early last month, focusing on token classification, the jurisdiction of the CFTC and SEC, and opening up access to crypto transactions. The draft proposes a clearer division of crypto regulatory powers between the U.S. SEC and CFTC to provide regulatory certainty for digital asset companies.
Project updates:
Credit Suisse collaborates with the Swiss Football Association to launch an NFT series, which will go on sale on July 11
Credit Suisse has partnered with the Swiss Football Association to launch an Ethereum-based NFT series, which includes 756 digital art portraits of Swiss women’s national team players. It has been deployed on the Ethereum blockchain network and will be available through Credit Suisse’s The CSX app is available exclusively from July 11 to August 31.
July 12th
Policy supervision:
The U.S. Consumer Price Index (CPI) for June will be released next Wednesday (June 12)
Exchange:
eToro will end US user access to DASH, MANA, ALGO and MATIC on July 12 due to regulatory reasons
Multi-asset investment platform eToro said it will end U.S. users’ access to Algorand (ALGO), Decentraland (MANA), Dash (DASH) and Polygon (MATIC) at 18:00 Beijing time on July 12, and U.S. users will not be able to open accounts New positions in related tokens, but already opened positions in these assets can be held and sold. Non-US customers are not affected by this change.
Project updates:
Starknet v0.12.0 is expected to be deployed to the mainnet on July 12
The Ethereum Layer 2 network Starknet is expected to deploy v0.12.0 to the mainnet on July 12. This version focuses on increasing the throughput of the network to improve scale and transaction latency.
Kava 14 mainnet will be released on July 12
Kava Network announced on Twitter that the Kava 14 mainnet will be released on July 12. According to previous news, the new version will become an internal cross-chain bridge connecting Cosmos to Ethereum dApps, and native Cosmos assets will be unlocked to KAVA EVM.
EminiFX CEO pleads guilty to $248 million fraud, his sentence will be sentenced on July 12
Cryptocurrency and foreign exchange trading platform Alexandre pleaded guilty to one count of commodities fraud and will pay more than $248 million in forfeitures and millions of dollars in restitution (the exact amount has not yet been determined). Alexandre was arrested and charged in May 2022 for his role in EminiFX and initially pleaded not guilty, but changed his plea on February 10. He faces up to 10 years in prison. The sentence regarding his prison term will be decided by the judge on July 12, local time.
Mining company HIVE Blockchain will officially rebrand to HIVE Digital Technologies around July 12
Bitcoin mining company HIVE Blockchain announced a strategic rebranding plan, including renaming HIVE Blockchain to HIVE Digital Technologies. The purpose of the name change is strategic expansion to develop its green energy data center and GPU cloud computing technology. The company hopes to remain at the forefront of the blockchain space while focusing on artificial intelligence. The rebranding is expected to take effect around July 12.
Token Unlocked:
Aptos (APT) will unlock approximately 4.54 million tokens at 8:00 a.m. on July 12, worth approximately $32.44 million
July 13th
Policy supervision:
The U.S. Senate of Massachusetts will hold a hearing on blockchain and digital assets on July 13
The U.S. Senate in Massachusetts announced that it will hold a hearing on blockchain and digital assets on July 13. The hearing will combine multiple hearings on blockchain, digital privacy, and digital innovation issues within government into one meeting, highlighting the These topics have growing significance in the state.
Exchange:
Korean crypto exchange Upbit will delist Augur (REP) on July 13
According to Upbit's official announcement, members of the Korean Digital Asset Exchange Association DAXA plan to terminate trading support for Augur (REP) because it is confirmed that the project is not operating properly and the services provided by the Augur (REP) project are almost unusable. Upbit is expected to delist Augur (REP) at 14:00 on July 13, local time. The trading pairs involved are REP/KRW and REP/BTC. Users holding this token need to withdraw money before August 12.
Project updates:
The U.S. SEC v. Coinbase case will be heard on July 13
The U.S. Securities and Exchange Commission (SEC) will respond to Coinbase’s (COIN) first legal defense on July 13. During a court appearance on July 13, Judge Katherine Polk Failla will decide whether to allow Coinbase to move forward with its motion to dismiss.
Optimism will select proposals to build core infrastructure for the governance system on July 13
Ethereum's second-layer solution Optimism tweeted that the community has put forward multiple proposals for Optimism Collective to build core infrastructure, including dynamic delegation proof#60RFP proposal, zero-knowledge proof research#63RFP proposal, and DAO archive maintenance#1RFP Proposal, Code of Conduct Implementation#2RFP Proposal, On-Chain Governance System V2 Contract#64RFP Proposal, etc. The foundation will select a proposal to undertake the work by July 13.
July 14th
Project updates:
HKVAC responds to the virtual asset index list controversy: new components and weights will be released on July 14
Due to controversy in the virtual asset index previously announced by Hong Kong virtual asset rating agency HKVAC, the index did not include the top 30 tokens such as SOL, AVAX, UNI, and ETC, but ranked FTM EOS and others far below the top 30. of tokens included. In response, HKVAC responded that some of the items it proposed should be included in the top 30, considering that it is now close to the time of the first adjustment and new ingredients and weights will be released on July 14.
Lido opens application for Ethereum node operators and will last until 7:59 on July 14
The liquidity staking protocol Lido has opened applications for Ethereum node operators. Applicants for Ethereum node operators must submit their applications before June 26 to be eligible for rapid evaluation. If rapid evaluation is not required, applications will remain open until 7:59 on July 14, Beijing time.
Crypto payment company Wyre is shutting down, users can withdraw assets until July 14
Crypto payments company Wyre will soon shut down, saying the decision was taken to protect the best interests of key stakeholders and customers and not due to instructions from any regulatory agency. Users who own assets on the Wyre platform can withdraw their assets through Wyre’s dashboard until July 14, after which there will be a separate process to reclaim remaining assets on the platform.
July 15th
Exchange:
Crypto exchange KuCoin will introduce mandatory KYC for all users starting July 15
Cryptocurrency exchange KuCoin will make know-your-customer (KYC) procedures mandatory for all customers starting July 15. KuCoin stated that if the KYC procedure is not completed, users will only be able to use services such as spot trading sell orders, futures trading deleveraging, leverage trading deleveraging, "earn" product redemptions, and ETF redemptions. They will not be able to deposit funds to the exchange, but they will be able to withdraw funds. KuCoin CEO Johnny Lyu said the move was to “better comply with applicable regulatory requirements.”
community activity:
Polkadot Decoded 2023 Asia Pacific Shanghai Branch will be held at the Hongqiao International Exhibition Center in Shanghai, China from July 15th to 16th
Token Unlocked:
ImmutableX (IMX) will unlock approximately 18 million tokens, worth approximately $12.72 million, on July 15 at 6 p.m.
July 16th
Token Unlocked:
Flow (FLOW) will unlock approximately 7.29 million tokens at 8:00 a.m. on July 16, worth approximately $4.41 million
