Weekly Preview: Magic Eden Launches Runes Trading Platform; Animoca Brands' Web3 Project Mocaverse Begins Token Sale
In the coming week from April 22 to April 28, there are also these blockchain news worth your attention.Author: Weekly Preview, PANews
News Preview:
- MerlinSwap launches esMP token, esMP staking event will start on April 22
- Binance will execute a scheduled system upgrade on April 23, lasting for 3 hours
- Magic Eden will launch the Runes trading platform on April 23
- The US SEC will make a decision on BlackRock's Bitcoin spot ETF options trading application on April 24
- Animoca Brands' Web3 project Mocaverse will start the MOCA token sale on April 25
- SPACE ID (ID) will unlock approximately 18.49 million tokens at 8:00 AM Beijing time on April 22, accounting for 4.29% of the circulating supply, valued at about $14 million
- Yield Guild Games (YGG) will unlock approximately 16.69 million tokens at 10:00 PM Beijing time on April 27, accounting for 5.33% of the circulating supply, valued at about $14.4 million
April 22
Exchanges:
Binance is expected to suspend Stacks (STX) token deposits and withdrawals at 20:00 Beijing time on April 22, 2024, to support its network upgrade and hard fork. The network upgrade and hard fork will occur at Bitcoin block height 840,360.
Project Updates:
The Federal High Court in Abuja, Nigeria, has again postponed the hearing on Binance executive Tigran Gambaryan's bail application, with Gambaryan currently still detained in Kuje prison. The hearing originally scheduled for April 18 has been rescheduled to April 22. During the hearing, the Economic and Financial Crimes Commission (EFCC) informed the court that Gambaryan's lawyer submitted a supplementary affidavit regarding the bail application on April 16. Senior lawyer E. Iheanacho emphasized new points raised by the defense that require time for an appropriate response to pursue justice. The presiding judge Emeka Nwite agreed to postpone the proceedings. However, Gambaryan's lawyer Mark Mordi stressed that his client has been detained by the federal government for over 14 days and criticized the prosecution for failing to respond to the supplementary affidavit submitted with the bail application.
TreasureDAO plans to launch the Treasure Ruby testnet around April 22
Karel Vuong, co-founder of the decentralized gaming ecosystem TreasureDAO, stated on the X platform that the team plans to launch the Treasure Ruby testnet around April 22, which will include a new Treasure portal for connecting, accessing, and exploring the testnet environment, as well as a new Treasure Explorer. The goal is to release the mainnet in the third quarter of this year. Additionally, Treasure Chain will support staking.
MerlinSwap launches esMP token, esMP staking event will start on April 22
The Merlin ecosystem DEX MerlinSwap announced on the X platform that it has launched the esMP token and will start the esMP staking party at 14:00 Beijing time on April 22, ending at 14:00 on May 21. Users can stake esMP tokens to participate in the 2% airdrop distribution of the second phase of MerlinSwap.
Eigenpie will open LST withdrawals on April 22
Eigenpie announced that its LST withdrawals will go live on April 22. LST depositors on the Eigenpie platform will be able to unstake their assets while retaining their accumulated points.
Users participating in the $PYTH governance distribution must submit a form via Discord by April 22
The decentralized derivatives protocol Synthetix reminded users via its official Twitter account that to participate in the $PYTH governance distribution, users must submit a form via Synthetix Discord by April 22. Users who participated in the following activities over the past year may be eligible:
- Posting in the SNX Discord governance channel
- Writing or voting in support of SIPs/SCCPs (Synthetix Improvement Proposals/Synthetix Configuration Change Proposals)
- Serving in Synthetix DAO institutions
- Participating in Synthetix elections
To maintain eligibility, users must submit their SOL addresses in Synthetix Discord by the deadline of April 22.
Token Unlocks:
SPACE ID (ID) will unlock approximately 18.49 million tokens at 8:00 AM Beijing time on April 22, accounting for 4.29% of the circulating supply, valued at about $14 million.
April 23
Exchanges:
Binance will execute a scheduled system upgrade on April 23, lasting for 3 hours
Binance will begin executing a scheduled system upgrade at 14:30 Beijing time on April 23. This upgrade will last for 3 hours, and users may encounter system errors while using the Binance website or app. Rest assured, funds are safe.
Project Updates:
Magic Eden will launch the Runes trading platform on April 23
NFT marketplace Magic Eden announced that it will officially launch the Runes trading platform on April 23.
The shooting game "The Machines Arena" will launch on Epic Games Store and Android on April 23
The Ethereum-based game "Machines Arena" will launch next week on Epic Games and Android platforms. This game utilizes blockchain technology, allowing players to buy, sell, and trade virtual items within the game, with transactions conducted through the Ethereum sidechain network Ronin. Starting April 23 (Tuesday), the public beta will be available for download via the Epic Games Store or the Android version of the TMA website. After the release, the game will also be playable through Mavis Hub (the launcher for the Ronin gaming network on Ethereum). Anyone can play the top-down shooter "The Machines Arena" in the public beta, and an airdrop event will also be launched.
A new AI project created by StarkWare in collaboration with Giza will be announced on April 23
Ethereum Layer 2 blockchain Starknet stated on the X platform that the StarkWare exploration team is collaborating with Giza to create a new AI project, which will be announced on April 23 at the Starknet event in Berlin. Giza is reportedly an operational AI project aimed at dApps.
The governance community of the digital asset management platform Safe (formerly Gnosis Safe), SafeDAO, has again initiated a proposal to enable the transferability of SAFE tokens, which has been approved with a 99.1% support rate. Due to safeguards, the earliest date for SAFE tokens to be transferable is eight days after the voting period ends, tentatively set for April 23, 2024 (Tuesday).
Token Unlocks:
Cartesi (CTSI) will unlock approximately 21.43 million tokens at 12:00 PM Beijing time on April 23, accounting for 2.73% of the circulating supply, valued at about $4.3 million.
April 24
Policy Regulation:
According to The Block, the US SEC has postponed the decision on BlackRock's Bitcoin spot ETF options trading application to April 24, when it will decide whether to "approve or disapprove, or continue to deliberate." The SEC stated, "The Commission believes it is necessary to specify a longer time frame during which to act on the proposed rule change to allow sufficient time to consider the proposed rule change." The US SEC had previously sought public opinion on whether Nasdaq should allow options trading for BlackRock's Bitcoin spot ETF. Documents submitted on Thursday indicated that the SEC also postponed its decision on whether to allow Cboe Exchange, Inc. and Miax Pearl LLC to list and trade Bitcoin spot ETF options, with the next decision deadline set for April 24.
Project Updates:
Manta Network announced that after the conclusion of the Renew Paradigm event, it will allocate 3 million MANTA rewards based on the number of NFTs burned by participants during the event. A snapshot of the NFT burn addresses will be taken at 10:00 PM Beijing time on April 24 to calculate MANTA rewards. The official reminds users to ensure that all NFTs are burned before the deadline.
The Filecoin Foundation stated on the X platform: "We are closely monitoring and assessing the situation involving the STFIL Protocol. As an organization, our top priority is to support the overall health and success of the network and all its participants. Given this evolving situation, the network upgrade coordinator has decided to postpone the nv22 network upgrade to April 24."
April 25
Policy Regulation:
According to Tencent Finance's "Frontline" report from various sources, the Hong Kong Securities and Futures Commission urgently updated the list of virtual asset management funds on April 10, as it planned to announce the first batch of spot Bitcoin ETFs in Hong Kong by April 15. The Hong Kong Securities and Futures Commission originally planned to approve a total of four spot Bitcoin ETFs in the first batch, including not only Harvest International but also Huaxia Fund, Bosera Fund, and WisdomTree Financial. However, Bosera Fund and WisdomTree Financial have not appeared in the updated list of virtual asset management funds as of April 10. According to Hong Kong's procedures, after the Hong Kong Securities and Futures Commission approves the first batch of spot Bitcoin ETFs on April 15, the Hong Kong Stock Exchange will need about two weeks to prepare for product listing and other matters. However, the entire spot Bitcoin ETF project had previously communicated and planned in detail with the Hong Kong Stock Exchange, and it is expected to take about 10 days to complete. The Hong Kong Securities and Futures Commission originally planned to launch the spot Bitcoin ETF around April 25, no later than the end of April.
Exchanges:
Coinbase International Exchange will launch Dogwifhat perpetual futures on April 25 or later
Coinbase International Exchange announced that it will add support for Dogwifhat perpetual futures on Coinbase International Exchange and Coinbase Advanced. WIF-PERP will begin at 17:30 Beijing time on April 25 or later.
Project Updates:
Animoca Brands' Web3 project Mocaverse will start the MOCA token sale on April 25
Animoca Brands' Web3 project Mocaverse announced the details of the MOCA token sale, which will sell a total of 126,984,127 tokens from April 25 to May 2, with a sale price of $0.03938 and a minimum purchase threshold of $100 (supporting USDT and USDC). Mocaverse plans to raise up to $5 million, with 5% unlocked at TGE, and the remaining tokens will be released linearly over 52 weeks after a 3-month lock-up period.
Magic Eden will expand to the Base network on April 25
Magic Eden will expand to the Base network on April 25.
Token Unlocks:
Acala (ACA) will unlock approximately 4.66 million tokens at 8:00 AM Beijing time on April 25, accounting for 0.48% of the circulating supply, valued at about $500,000.
Euler (EUL) will unlock approximately 72,000 tokens at 10:24 PM Beijing time on April 25, accounting for 0.39% of the circulating supply, valued at about $340,000.
April 26
Policy Regulation:
The UK government will freeze crime-related crypto assets without conviction starting April 26
The UK government recently issued a statutory instrument announcing that starting April 26, UK law enforcement agencies will be able to freeze crypto assets used for crime without a conviction. The document, published on February 29, outlines amendments to the Economic Crime and Corporate Transparency Act 2023, expanding the powers of the National Crime Agency to seize and confiscate crypto assets suspected of being related to illicit activities without formal legal proceedings. Additionally, authorities will be able to obtain crypto assets directly from exchanges and custodial wallet providers. If necessary, they may also choose to destroy the crypto assets.
April 27
Token Unlocks:
Yield Guild Games (YGG) will unlock approximately 16.69 million tokens at 10:00 PM Beijing time on April 27, accounting for 5.33% of the circulating supply, valued at about $14.4 million.
April 28
Token Unlocks:
SingularityNET (AGIX) will unlock approximately 8.84 million tokens at 8:00 AM Beijing time on April 28, accounting for 0.69% of the circulating supply, valued at about $7.7 million.
Specific Time TBD
Project Updates:
MyShell launches AI consumer Layer 2 network, testnet will go live next week
Web3-based AI platform MyShell announced on the X platform that it is launching an AI consumer Layer 2 network aimed at connecting users, creators, and open-source AI model researchers. The network is supported by EigenDA and Optimism and has partnered with AltLayer. The MyShell Layer 2 testnet will go live next week, secured by AltLayer.
Bitget's current Launchpool project Merlin Coin (MERL) opened for investment yesterday at 15:00, and as of the time of publication, the project has seen over 44 million BGB and 55 million USDT invested. Both the BGB and USDT pools are open, with a total prize pool of 330,000 MERL. The open period is from April 18, 15:00 to April 28, 15:00 (UTC+8).
Risk warning Risk warning
