This Week's Noteworthy Events(Aug.5, 2024-Aug.11, 2024)

Major Token Unlocks

• Mode (MODE) will unlock approximately 185.3 million tokens at 10:59 AM UTC on August 5, representing 14.25% of the current circulating supply, valued at approximately $3.7 million.
• Heroes of Mavia (MAVIA) will unlock approximately 1.15 million tokens at 12:00 AM UTC on August 6, representing 3.64% of the current circulating supply, valued at approximately $1.75 million.
• Hashflow (HFT) will unlock approximately 13.62 million tokens at 12:00 AM UTC on August 7, representing 3.11% of the current circulating supply, valued at approximately $2.2 million.
• Immutable (IMX) will unlock approximately 32.47 million tokens at 12:00 AM UTC on August 9, representing 2.11% of the current circulating supply, valued at approximately $41.6 million.
• Xai (XAI) will unlock approximately 35.88 million tokens at 9:30 AM UTC on August 9, representing 6.9% of the current circulating supply, valued at approximately $9.2 million.

Fox Reporter: Harris Campaign Team to Meet with Crypto Industry Leaders in Washington on Monday

Forbes journalist Eleanor Terrett disclosed on X that California Congressman Ro Khanna will host another meeting in Washington this Monday, attended by crypto industry leaders, Democratic politicians, and representatives from the Harris campaign team.

OKX to Launch DOGS/USDT Futures Trading on August 5

OKX will launch pre-market trading for the DOGS/USDT futures on August 5, 2024, at 3:00 AM UTC.

DOGS is a MEME project built on the TON chain, supported by its creator Blum through Notcoin. Users can earn points by opening the DOGS Mini APP, where a bot analyzes their Telegram account. Older and more active accounts, as well as Telegram Premium accounts, can earn more points. Additional points can be earned by inviting friends to join.

FTX and CFTC Reach $12.7 Billion Settlement, Hearing Scheduled for August 6

Crypto exchange FTX and the U.S. Commodity Futures Trading Commission (CFTC) have agreed to a $12.7 billion settlement, pending approval from the bankruptcy judge. According to a court document filed on July 12 in the U.S. Bankruptcy Court for the District of Delaware, the parties have been negotiating for several months. The CFTC initially sought $52.2 billion in claims. As part of the settlement, the CFTC agreed not to receive any compensation as long as FTX complies with its restructuring plan. FTX will pay up to $12.7 billion to creditors, depending on available funds. The hearing on the settlement motion is scheduled for August 6. FTX filed for bankruptcy at the end of 2022. In May of this year, the FTX bankruptcy trustee announced a reorganization plan under which creditors will receive full cash repayment. Creditors with claims under $50,000 will be eligible for 118% repayment within 60 days of court approval.

EU Considers Including Cryptocurrencies in €12 Trillion Investment Market, Consultation Ends on August 7

The European Securities and Markets Authority (ESMA) is consulting industry experts on whether to include crypto assets in investment products, potentially opening a broader market for cryptocurrencies beyond the scope of spot Bitcoin ETFs. The initiative aims to expand the scope of UCITS (Undertakings for Collective Investment in Transferable Securities), a market worth €12 trillion. This move could be a key step toward mainstreaming crypto assets in Europe, with financial regulatory expert Sean Tuffy describing it as a “game-changer.” The ESMA consultation ends on August 7, with the decision yet to be made. Andrea Pantaleo, a lawyer at DLA Piper, noted that the impact could exceed that of U.S. ETFs, as many fund sectors may allocate some liquidity to crypto assets.

Gitcoin: GG21 to Run from August 7 to 21, GG22 Planned for Late October

Gitcoin recently released its 2024 strategy and updates for Gitcoin Grants. Due to time constraints, only three rounds of GG competitions will be held in 2024. GG20 concluded from April 23 to May 7; GG21 will take place from August 7 to 21, featuring ten community rounds without open-source software (OSS) rounds, with the first five community rounds receiving $125,000 in matching funds; GG22 is planned to start in late October, including four OSS rounds with a $1 million matching pool.

Enso Finance Public Token Sale on CoinList Ongoing Until August 7

CoinList announced that the Enso Finance token sale began on August 1, 2024, at 5:00 PM (UTC+0) and will end on August 7, 5:00 PM (UTC+0).

The sale offers 5 million ENSO tokens, representing 5% of the total supply. The starting price is $8, with a reserve price of $1.5. The Token Generation Event (TGE) is expected around September 15, 2024. Enso Finance is the world's first intent engine, allowing developers and users to express desired outcomes to build truly composable applications.

General Claim Deadline for Terraform Labs Bankruptcy Case Set for August 9 at 9:00 PM UTC

Terra officially stated on X that the general claim deadline for the Chapter 11 bankruptcy cases of Terraform Labs Pte Ltd (TFL) and Terraform Labs Limited (TLL) has been set for 9:00 PM UTC on August 9, 2024. If users have claims against TFL arising before January 21, 2024, or against TLL arising before July 1, 2024, they must submit them by this general claim deadline to ensure consideration.