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BTC $96,420 +2.34% ETH $3,280 +1.82% SOL $185.40 -0.92% BNB $642.50 +0.45% XRP $2.18 +3.12% DOGE $0.082 -1.50% ADA $1.05 +0.80% AVAX $42.10 +1.15%
BTC $96,420 +2.34% ETH $3,280 +1.82% SOL $185.40 -0.92% BNB $642.50 +0.45% XRP $2.18 +3.12% DOGE $0.082 -1.50% ADA $1.05 +0.80% AVAX $42.10 +1.15%
10/07/2024

Documentary About Satoshi Nakamoto Set to Air, ~$101 Million in APT Tokens to Unlock

A hearing related to FTX's restructuring plan is scheduled for October 7. The documentary "MoneyElectric: The Bitcoin Mystery" will air on HBO on October 8. Swell Network will conduct its first airdrop on October 8. Ola will take a final token allocation snapshot for Massive ahead of its mainnet launch and TGE on October 10. Several Web3 events, including Permissionless III and Shanghai Blockchain Week, will kick off this week. Notable Web3 Events This Week

Documentary About Satoshi Nakamoto Set to Air, ~$101 Million in APT Tokens to Unlock

A hearing related to FTX's restructuring plan is scheduled for October 7. The documentary "MoneyElectric: The Bitcoin Mystery" will air on HBO on October 8. Swell Network will conduct its first airdrop on October 8. Ola will take a final token allocation snapshot for Massive ahead of its mainnet launch and TGE on October 10. Several Web3 events, including Permissionless III and Shanghai Blockchain Week, will kick off this week.

Notable Web3 events this week (10/7/2024 – 10/13/2024) — see the summary below:

Key Events:

  • A hearing related to FTX's restructuring plan is scheduled for October 7. FTX will submit its final vote tally to the Delaware District Court's bankruptcy court before the hearing. The FTX bankruptcy plan has received support from over 94% of creditors, with commitments to repay more than 98% of customers and unsecured creditors based on the value of crypto holdings as of November 11, 2022. Some creditors may receive up to 118% of their claims. The total estimated claim value is $6.83 billion, to be paid in cash. Three additional hearings are scheduled for October 22, November 20, and December 12, and will discuss consolidating multiple claimants into a unified category to ensure a smoother payout process.
  • The documentary "MoneyElectric: The Bitcoin Mystery" will air on HBO on October 8, attempting to unmask the identity of Satoshi Nakamoto.
  • Christie's London will auction the digital kinetic artwork "Ascend" on October 10. "Ascend" is part of the project "The Wild Within" by artists Ryan Koopmans and Alice Wexell. It uses the Ordinals protocol — similar to NFTs inscribed on the Bitcoin blockchain — and can toggle between day and night modes, reflecting the real-time lighting changes of an actual architectural site in Georgia through a 30-minute transition cycle.
  • Elon Musk will unveil a humanoid robot product on October 10.
  • The trial of Binance executive Tigran Gambaryan on money laundering charges in Nigeria has been postponed to October 11.
  • Gurbir S. Grewal, Director of Enforcement at the U.S. Securities and Exchange Commission (SEC), will step down on October 11.
  • EU regulators have published guidance on classifying digital assets under MiCA; the public consultation deadline is October 12.

Project Updates:

  • Lido's wstETH deposits from Ethereum to Optimism will pause starting October 7 to support an upgrade bringing stETH to Optimism; the expected upgrade completion date is October 14.
  • Swell Network will conduct its first airdrop on October 8, distributing the first airdrop round based on Black Pearls held by users. 2% of the SWELL supply will be allocated to Black Pearl holders, with each subsequent allocation at 1%.
  • Berachain has launched a Request for Builders (RFB) incentive program, primarily providing liquidity support for projects and developers on Berachain's testnet to help projects bootstrap. Projects already deployed on Berachain's testnet can apply for the RFB program before October 9 and may opt into the Boyco project at the same time.
  • Stacks' Nakamoto activation is expected to take place on October 9.
  • Ola will take a final token allocation snapshot for Massive ahead of its mainnet launch and TGE on October 10. Season 3 of the Massive node validation network will be the final season of Ola's testnet phase; participants in the Massive season will receive Ola token allocations.
  • Coinbase International will launch ARKM perpetual futures; the ARKM-PERP market will open at 17:30 on October 10.
  • The announcement date for results and fund allocations for Optimism's fifth retroactive public goods funding round is October 10.

Event Announcements:

  • London Web3 Week will be held from October 7–17, with Zebu Live 2024 — one of the UK's largest Web3 events — taking place October 10–11 in London, focusing on topics ranging from AI and blockchain to sustainability and digital transformation.
  • HackaTRON Season 7 is open for registration until October 8; October 9–23 is the selection phase; October 24–31 is the evaluation and community voting phase; winners will be announced on November 13.
  • The 10th global online Radar Hackathon hosted by the Solana Foundation closes at 23:00 on October 8. The Radar Hackathon has set a total prize pool of over $600,000, an initial investment of $250,000, and 1:1 incubation opportunities from the Colosseum Accelerator. Participants can receive a maximum prize of $50,000 per track, plus specialty awards.
  • Permissionless III, hosted by Blockworks, will be held October 9–11 in Salt Lake City, USA, focusing on topics such as the U.S. presidential election, consumer crypto, restaking, Layer 2, multi-chain, AI x Crypto, and the Bitcoin renaissance.
  • Shanghai International Blockchain Week 2024 will be held October 11–19. The "10th Global Blockchain Summit," hosted by the Wanxiang Blockchain Institute, will take place at the Shanghai Innovation and Design Research Institute (505 Dongchangzhi Road, former Raffles University campus) on October 17. From October 11–19, dozens of side events — including technical workshops, project showcases, art markets, and academic forums — are planned at various venues across Shanghai's Hongkou District.
  • The registration deadline for the second Starknet Hackathon, co-hosted by the developer community OpenBuild and the Starknet Foundation, is October 12, 2024. The hackathon features three tracks: General, DeFi, and On-Chain Games, along with a "Community Favorite Award." The total prize pool has reached $20,000; winning teams will also have the opportunity to receive grants and incubation support from the official Starknet team.
  • BNB Chain's "BNB Chain TVL#4" challenge phase ends on October 11; winners will be announced on October 13.

Token Unlocks:

  • According to Token Unlocks data, EIGEN, OP, and ENA will have significant unlocks this week:
    • EigenLayer's EIGEN token will unlock 9.93 million tokens at 03:00 on October 9, worth approximately $33.67 million, representing 5.32% of current circulating supply;
    • Ethena's ENA token will unlock 12.86 million tokens at 15:00 on October 9, worth approximately $3.85 million, representing 0.47% of current circulating supply;
    • Xai's XAI token will unlock approximately 35.88 million tokens at 17:30 on October 9, worth approximately $7.20 million, representing 6.20% of current circulating supply;
    • Optimism's OP token will unlock 8 million tokens at 20:00 on October 10, worth approximately $13.68 million, representing 0.64% of current circulating supply;
    • io.net's IO token will unlock approximately 2.11 million tokens at 20:00 on October 11, worth approximately $3.70 million, representing 2.22% of current circulating supply;
    • Aptos's APT token will unlock 11.31 million tokens at 01:59 on October 12, worth approximately $101 million, representing 2.3% of current circulating supply.

Governance Votes:

  • The dYdX governance vote on "Should CETUS be added to dYdX Chain" closes at 05:35 on October 8.
  • The Aave community ARFC governance vote on "Add sUSDe, USDe, and weETH to Aave v3 on ZKsync" closes on October 8.