Must-watch next week｜Senator Loomis will propose a 100 BTC reserve bill; Grayscale GBTC will be split into BTC Mini Trust (7.29-8.4)

Next weeks highlights

Senator Loomis will introduce a bill next Monday that would require the U.S. Treasury to purchase 1 million Bitcoins ;

Bloomberg ETF Analyst: Grayscale GBTC Split to Mini Trust Fund BTC Date Set for July 31 ;

Harris may be nominated as the Democratic presidential candidate before August 1 ;

Onyx Protocol v3 white paper will be released on August 1, and its L3 chain will be launched at the same time ;

Eclipse: Mainnet will be launched next week ;

Jupiter Co-Creation: Voting on proposals related to JUP supply reduction will begin next week and a final conclusion will be reached .

From July 29 to August 4, more noteworthy events in the industry are previewed below.

July 29

Senator Loomis to introduce bill next Monday requiring the U.S. Treasury to buy 1 million Bitcoins

Odaily Planet Daily News: Wyoming Senator Cynthia Loomis will introduce a bill next week requiring the U.S. Treasury to purchase 1 million bitcoins over five years, which is about $68 billion at the current price. She said in an interview with The Block that the move is to counter the impact of the depreciation of the U.S. dollar.

“Bitcoin is a great store of value. Over the last four years or so, it’s been growing at an average annual rate of about 55%. During that same period, the dollar has depreciated and we’ve seen an increase in inflation,” said Senator Loomis.

Loomis has long been a supporter of Bitcoin, having reportedly purchased her first Bitcoin in 2013, and has been at the forefront of pushing for cryptocurrency legislation. (The block)

CME and CF Benchmarks to Launch New Crypto Reference Rates and Real-Time Indices on July 29

Odaily Planet Daily reported that CME and CF Benchmarks will launch new cryptocurrency reference rates and real-time indices on July 29.

Giovanni Vicioso, Head of Crypto Products at CME, said: These new benchmarks are designed to provide clear and transparent pricing data to a broad range of market participants, allowing them to more accurately evaluate portfolios or create structured products. Based on our suite of 24 CME CF reference rates and real-time indices, we will provide pricing data for more than 93% of the investable cryptocurrency market capitalization, helping clients everywhere better manage their risk. (PR Newswire)  

Binance Futures will integrate dstream domains on July 29

According to the official announcement, Binance released an update on the Binance Futures Coin Standard WebSocket domain name. Binance Futures will integrate the dstream domain name at 14:00 (Eastern Time) on July 29, 2024. To ensure access to the WebSocket server data of the Coin Standard Contract platform, Binance recommends that API users establish a new WebSocket connection before 14:00 (Eastern Time) on July 29, 2024.

Mango Markets attackers sentencing to be held on July 29

Odaily Planet Daily News: A Manhattan jury in New York found Mango Markets attacker Avi Eisenberg guilty of fraud and market manipulation. New York District Court Judge Arun Subramanian will sentence him on July 29. (CoinDesk)

July 30

Liquidswap will launch the token LSD on July 30, 15% of LSD will be used for airdrops and staking rewards

Odaily Planet Daily News Web3 product development studio Pontem published a post on X stating that its DeFi protocol Liquidswap will launch the token LSD on July 30. 40% of LSD will be allocated to the community, of which 15% will be used for airdrops and staking rewards. The snapshot has now been completed, and airdrop-related information will be announced soon.

It is reported that Liquidswaps current cumulative transaction volume has exceeded US$1.3 billion, with a historical TVL peak of US$60 million. It has helped 1.1 million independent addresses complete 14 million transactions and is one of the most active applications on Aptos.

July 31

Bloomberg ETF Analyst: Grayscale GBTC Split into Mini Trust Fund BTC Date Set for July 31

Odaily Planet Daily reported that according to information disclosed by Bloomberg ETF analyst James Seyffart on the X platform, the date for Grayscale GBTC to split into the mini trust fund BTC is scheduled for July 31, which means that Grayscales Bitcoin and Ethereum mini trust funds will be launched before the end of July.

EOS: Leap 6.0 upgrade will be launched on July 31

Odaily Planet Daily News: The EOS Foundation published a post on the X platform stating that the Leap 6.0 upgrade is scheduled to take place on July 31. This Leap 6.0 upgrade is critical to the collaboration and readiness of all ecosystem participants.

Leap 6 introduces instant finality through Savanna (Scalable Validation Addition Protocol with Flexible Proofs of Non-Repudiation), a breakthrough consensus algorithm that reflects a seamless Web2 experience in the Web3 space. This major update is more than just a performance enhancement; it represents a comprehensive upgrade of the network. At the core of this evolution, Savanna will not only accelerate transaction finalization, but will also enhance security, user experience, and decentralization of the entire EOS ecosystem.

TrueUSD: BEP 2-TUSD holders need to convert to TUSD of other network standards on July 31

Odaily Planet Daily News TrueUSD reminds all BEP 2-TUSD holders to convert their tokens to TUSD tokens of other network standards before July 31, 2024, because BNB Beacon Chain will be gradually phased out.

Jupiter airdrop will end on July 31

Odaily Planet Daily News: Jupiter airdrop will be open until 23:00 on July 31.  

zkLend: ZEND Airdrop 1 claims end on July 31

Odaily Planet Daily News: zkLend Yu X posted that the ZEND Airdrop 1 application window will be open until July 31, and users are requested to apply in time.

August 1

Harris could be nominated as the Democratic presidential candidate before August 1

Odaily Planet Daily reported that according to market news, US Vice President Harris may be nominated as the Democratic presidential candidate before August 1; the Democratic Committee reached a consensus and decided to nominate the presidential candidate virtually before August 7; and it is expected that the vice presidential candidate will be nominated before August 7.

Market News: Thailand digital wallet registration will be open from August 1 to September 15

According to market news, Thailands digital wallet registration will be open from August 1 to September 15. Thailands Deputy Minister of Finance said that the digital wallet plan is expected to attract 45 million participants and the government has prepared 450 billion baht. Digital cash consumption will begin in the fourth quarter. (Jinshi)

Animoca proposes to launch new $10 million fund ApeCoin Ventures in partnership with ApeCoin, voting ends on August 1

Odaily Planet Daily News: Animoca Brands venture capital arm Animoca Ventures has initiated a proposal in ApeCoin DAO, suggesting that it and ApeCoin jointly establish a joint venture fund ApeCoin Ventures.

The ApeCoin Ventures fund is worth $10 million, of which ApeCoin DAO needs to allocate $5 million worth of APE (which Animoca Ventures will sell for fiat currency after receiving), and Animoca Ventures will invest $5 million. The fund will invest in Web3 projects in the seed and A rounds, and give priority to projects that can integrate ApeCoin into its ecosystem, thereby increasing the value, practicality, synergy, network effect and influence of ApeCoin.

The proposal is currently open for voting, which will close on August 1st.

Onyx Protocol v3 white paper will be released on August 1st, and its L3 chain will be launched at the same time

Odaily Planet Daily News: DeFi protocol Onyx published a statement on X that the Onyx protocol v3 white paper will be released on August 1, and its Layer 3 blockchain network will also be launched, and the test network will be released soon.

Pixelverse: Unclaimed airdrop tokens will be automatically transferred to the community incentive pool on August 1st

Odaily Planet Daily News Telegram ecological crypto game Pixelverse posted on the X platform that when users receive airdropped tokens, they will be automatically added to the permanent pledge. If the user who received the airdrop does not receive the tokens, these tokens will be automatically transferred to the community incentive pool at 23:59 UTC time on July 31 (7:59 Beijing time on August 1).

August 2

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August 3

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August 4

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Others (specific time undetermined)

Ferrari to expand its cryptocurrency payment service to Europe by the end of July

Ferrari will expand its cryptocurrency payment terms to Europe by the end of July. The company began working with BitPay in October last year to accept cryptocurrency payments in the United States, including BTC, ETH, and USDC.

According to an official statement, Ferrari is now expanding the program to Europe to support dealers in better meeting the evolving needs of their customers.

The company plans to expand the service to other markets by the end of 2024. [Reuters]

Eclipse: Mainnet will be launched next week

Odaily Planet Daily News: Eclipse Yu X posted that the Eclipse mainnet has not yet been launched (expected to be launched next week) and there is no pre-registration. Please do not click on any suspicious links.

Swell expects to enable rswETH withdrawals by the end of July

Odaily Planet Daily News Swell Yu X said in a post that the rswETH withdrawal upgrade has been audited by two security companies and all necessary repairs have been completed. The team will now start testing and expects to enable the withdrawal function by the end of July.  

Jupiter Co-Creation: Voting on proposals related to JUP supply reduction will begin next week and a final conclusion will be reached

Odaily Planet Daily News: Jupiter co-founder Meow YuX posted a message saying that a very important week is coming for JUP:

Monday: JUP Essay;

Tuesday: Community audit of JUP distributed to date;

Wednesday: Token supply reduction proposal;

Thursday: Voting;

Friday-Saturday: Discussion;

Sunday: Draw conclusions.

By the end of next week, the community will have reached a high level of understanding and alignment.

Doodles launches Doodles TV media platform, Super Pass to launch next week in partnership with Base

Odaily Planet Daily News Doodles official posted on the X platform that Doodles TV media platform is a token access platform that provides fans with exclusive access to premiere events of community-focused music, movies and digital artworks. Next week, Doodles will also launch a super pass in cooperation with Base Chain to allow users to unlock related content such as Onchain record covers and movie posters in advance.