Bitcoin spot ETF coming? $225 million in APT is about to be unlocked

Take a look at the most noteworthy industry events and important project progress in the coming week.

1. This week is a critical period for whether the U.S. SEC will approve the application for a Bitcoin spot ETF;
2. The UK’s Financial Services and Markets Act 2023 comes into effect on January 8;
3. The Starknet mainnet may be updated to v0.13, adding the STRK token gas payment function;
4. Coinbase delisted BSV on January 9;
5. Approximately $225 million in APT will be unlocked on January 12.

Web3 events this week (January 8 - January 14, 2024) are not to be missed. The picture below is a preview of this week’s highlights:

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important events

This week is a critical period for whether the U.S. Securities and Exchange Commission (SEC) will approve the application for a Bitcoin spot ETF. Last week, 11 Bitcoins including Ark Invest, Fidelity, Bitwise, Grayscale, Hashdex, Invesco, WisdomTree, Franklin Templeton, and VanEck The spot applicant has submitted a revised 19b-4 document for its Bitcoin spot ETF. SEC members of the U.S. Securities and Exchange Commission are expected to vote this week on the 19b-4 filing submitted by the issuer of the Bitcoin spot ETF. People familiar with the matter said that the SEC may approve both the 19b-4 and S-1 forms if both filings are approved. With the approval, the ETF could begin trading as early as this week. In addition, the US SEC must make a decision on the Ark 21Shares Bitcoin Spot ETF application on January 10, and on the Bitwise Bitcoin Spot ETF “Bitwise Bitcoin ETP Trust” on January 14.

The Financial Services and Markets Act 2023, which regulates digital securities sandboxes in the UK, comes into effect on January 8, 2024. The new regulations place overall restrictions on what can be done within the sandbox and which participants are eligible to participate. The sandbox Regulators and companies will be allowed to test solutions including distributed ledger technology and tokenization of securities. The regulation is a new initiative proposed by UK Chancellor of the Exchequer Jeremy Hunt in his November budget speech. Several crypto companies have responded to the regulation, with Coinbase asking its UK users to fill out a risk assessment form as required by the Financial Conduct Authority (FCA) to tell the exchange what type of investor they are and confirm they understand the high costs of crypto investing. Nature of risk.

This week, two cryptocurrency-related satellites will be launched. BitMEX will launch 1 A physical Bitcoin weighing 43 grams (approximately $45,000) was sent to the moon. Aiming to demonstrate the potential of Bitcoin and blockchain technology in establishing a borderless financial system beyond Earth, the tentative date of arrival on the moon is February 23, 2024. In addition, the “Doge-1” lunar mission funded by DOGE will be launched on January 12. The “Doge-1” lunar mission has been approved by the U.S. Federal Communications Commission (FCC) and the U.S. National Telecommunications and Information Administration (NTIA).

Project Progress

The Starknet mainnet v0.13 update is expected to be carried out around 19:00 on January 10, 2024 (pending governance voting approval). After completion, all nodes can be upgraded. To ensure that full nodes are consistent with the reduced fees, users should upgrade the full node version to avoid incorrect responses. This upgrade will enable Starknet to add the STRK token payment Gas function.

Coinbase will delist BSV on January 9, 2024. Users must withdraw funds before then. If they fail to withdraw in time, Coinbase will liquidate the BSV in the user account, convert it into other supported equivalent cryptocurrencies on the platform and issue them to the corresponding account.

In addition, the progress of projects related to token issuance and airdrop distribution is also relatively concentrated this week:

• Inscription asset lending platform Tonka Finance is on TGE on Uniswap and is open for trading;
• The IDO activity of Web3Games.com token WGT ends at 15:00 on January 8;
• Mantle ecological DEX Merchant Moe launched the token MOE airdrop on January 8;
• DeGate will enter the mainnet stage on January 9 and distribute 40 million DG tokens for the Key exchange DG activity;
• Ethereum L2 network ZKFair airdrop applications are open until January 11.
• Solana ecological game MixMob will publicly sell MixBot and MXM token packages on January 12;
• Encrypted social network Focus will open token FOCUS pre-orders at 00:11 on January 12.
• Zeta Markets second quarter Z-Score event starts on January 10th.

Upcoming Events

The Viction Horizon Hackathon Demo Day will be held from January 8 to January 9, 2024, with a total reward of more than 200,000 US dollars, covering five tracks of social networking, gaming, payment, stable currency, and DeFi.

The ETHGlobal online event LFGHO will be held from January 12 to January 24, 2024.

The “Charm of the Cycle - Looking at the Bitcoin Ecological Development and Crypto Asset Management Prospects on the Eve of the Fourth Halving” hosted by the China Financial Family Alliance and Coin100 Capital will be held at the Hong Kong Cyberport from January 13 to 14, 2024 Held at Cyberport Arena, guests of this event include Matrixport founder Wu Jihan, China Financial Alliance (Family Office Alliance) partner Fu Jiayu (Jiayi), East China Normal University professor Benny Chan, Bitdeer CEO Kong Linghui, Matrixport co-founder Ge Yue Sheng, Hashkey Group CEO Weng Xiaoqi (Qiye), OKX Web3 wallet leader Ge Yuesheng, C² Ventures founder Ciara Sun, Matrixport COO Wu Mengxia, and Unisat founder Lorenzo.

Token Unlock

According to Token Unlocks data, from January 8 to January 14, GLMR, APT, and CYBER tokens will be unlocked at one time, of which 24.84 million Aptos tokens APT will be unlocked at 09:59 on January 12 (approximately US$225 million), accounting for 8.05% of the circulating supply.

Voting Governance

Horizen plans to vote on ZenIP proposal 42207 before January 8, making ZEN no longer a privacy coin. This vote will completely remove shielded pools from the main chain, disable shielded transactions and deactivate all functions of related addresses. Before the ZEND 4.2.0 hard fork in mid-February, users can move assets out of the shielded pool.

Voting for the ArbOS version 11 upgrade proposal will end on January 8. Several improvements are planned for the Arbitrum chain, including: EVM Shanghai support (including PUSH0 opcode), retryable patches, fixes for certain precompiled contract behaviors, Fix default L1 pricing parameters.

NFT Minting

The Bitcoin game project Bitcoin Cats will issue Bitcoin Cats Genesis NFT on the Bitcoin Ordinals protocol at 16:00 on January 9th. The total amount is 10,000, and 8,500 will be sold. Each price is 0.3 ETH (approximately 0.015 BTC). Participate The token supports ETH, 1CAT (Ethereum main network) and BAKE (BSC network).

The Ethereum Layer 2 network Mint genesis NFT casting activity for NFT will start at 08:00 on January 10th, Beijing time. The final update of the whitelist has been completed, which mainly involves refreshing the current casting community whitelist qualified addresses. Previously qualified but Users who were not listed have been included.

Silly Dragon launched its first NFT series, Silly Dragon Chibi, on January 10. The series is highly limited and contains only 50 unique 1/1 works of art, provided to Solana founders, SILLY pioneers and outstanding community members, in addition to Tasks will be provided to community members to enable community members to win NFT whitelist qualifications. This NFT series uses a burning mechanism that reduces the supply of SILLY tokens with each NFT transaction, thereby increasing value through scarcity.