This Week Noteworthy Events(March 25, 2024 - March 31, 2024）

Postponement of SEC v. Do Kwon and Terraform Case Trial to March 25th

According to the latest court documents, due to the expected extradition of Do Kwon, former CEO of Terraform Labs, from Montenegro to the United States, the trial of the SEC v. Terraform Labs and Do Kwon case will be postponed to 9:30 local time on March 25.

Previously, the SEC agreed to postpone the trial date of Do Kwon, but opposed the separation of his case from the Terraform case. The SEC stated, Holding two trials would unnecessarily require witnesses, including SEC whistleblowers and retail investors with limited financial resources, to testify twice on the same facts in different trials.

Circle: CCTP Set to Go Live on Solana Mainnet on March 26th, Pre-Minting Addresses Added

According to official information, Circle cross-chain transfer protocol CCTP will be launched on the Solana mainnet on March 26th. Circle said that a new pre-mint address has been added to enable CCTP to mint USDC on Solana.

CardsAhoy to Commence Public Beta Testing on March 27th, Launching Core Asset Genesis Airdrop

According to official information, the 60-second fast-paced card game Cards Ahoy, released by MetalistGame, will officially enter public beta testing on March 27th.

During this public beta, the game will release its top-tier governance asset, the Myth Card, with a total quantity of 9680. These cards boast superior combat capabilities, IP influence, and governance rights within the game. Additionally, there will be genesis mining activities, as well as airdrops and staking events for closed beta testers. Players can participate in these genesis events to mine Myth Cards and CAC tokens.

Verdict on SBF's Case Scheduled for March 28th, U.S. Department of Justice Submits Victim Impact Statement

The U.S. Department of Justice submitted dozens of victim impact statements from FTX creditors on Monday.

These letters show the financial insecurity, emotional burden, and distrust of the financial system brought to its creditors by the collapse of FTX in 2022. Users shared their experiences of storing funds in FTX and the impact of FTX's bankruptcy on their lives. Some people lost their jobs due to health problems and relied heavily on funds stored on the FTX platform.

In addition, some victims expressed their dissatisfaction with the compensation plan, stating that they would receive 100% compensation based on the asset value in November 2022 rather than the current cryptocurrency price.

The defense team of SBF submitted a sentencing memorandum last month, urging District Judge Lewis Kaplan to impose a sentence of no more than 6.5 years. The defense also submitted several letters of recommendation from SBF's parents and brothers, followers of effective altruism philosophy, former FTX employees, and several other individuals.

The verdict for SBF is scheduled for 9:30 AM EST on March 28th.

SOMESING, Targeted by Hackers, to Undergo Token Migration via Snapshot

According to official information, in order to mitigate the impact of the SSX hacker incident on January 27th, the SOMESING team will issue a new token “SSG（SomeSinG）” through a new contract to protect user assets, and will perform token swap migration for existing SSX token holders.

The token swap snapshot is scheduled to take place at 06:00 UTC on March 28th. To ensure the smooth progress of the token swap and migration process, the SOMESING team will suspend all existing SSX token contracts at 06:00 UTC on March 27th, 24 hours before the snapshot. After the contract suspension, all token transfer operations, including transferring existing SSX to personal wallets and withdrawing from exchanges, will be suspended.

In view of the possibility of technical errors, the SOMESING team urges all SSX holders not to attempt to transfer their existing SSX tokens after the contract suspension period and before the Foundation announces the completion of the migration process. After the snapshot, the existing SSX tokens will be exchanged for newly issued SSG tokens, and only the new token SSG will be eligible for transfer after the migration process is completed.

It was previously reported that South Korean Web3 social music service Somesing suffered a hacker attack due to a vulnerability. It lost 730 million native tokens SSX, equivalent to approximately $11.58 million.

24.16 Million OP Tokens Expected to Unlock on March 29th, Accounting for 2.4% of Circulating Supply

According to Token Unlock data, Optimism will unlock 24.16 million OP tokens, equivalent to $82.62 million, at 12:00 noon on March 29, accounting for 2.4% of the circulating supply.