A Week Ahead in Web3: Balance Launch, The Federal Reserve Speech, Encryption Policy Meeting

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Important Events in the Web3 Industry for the Upcoming Week

Weekly Preview | Initia Launches Mainnet and Lists on Binance; US SEC Holds Third Crypto Policy Roundtable, Focusing on Custody Issues

April 21

Macroeconomics

Chicago Fed Chairman Goolsbee will be interviewed by CNBC.

Project Updates

Balance will launch TGE, and EPT tokens will be listed on both the BNB Chain and Ethereum. The total supply is 10 billion tokens, with 15% allocated for airdrops and community incentives, 25% for node rewards, and 23% for ecosystem growth.

The Ethereum ACDE conference revealed that the Pectra client is expected to be released, adding EIP-7702 delegated state to JSON-RPC. The Fusaka upgrade will include proposals such as EIP-7823, EIP-7825, and EIP-7907.

Exchange Dynamics

A trading platform will launch Balance (EPT) spot and perpetual contract trading.

A certain Japanese cryptocurrency exchange will be renamed "BACKSEAT Cryptocurrency Exchange Co., Ltd.".

A trading platform has applied to the CFTC for the launch of XRP futures, expected to go live on the same day.

governance voting

The Bitcoin staking protocol Babylon will complete the governance proposal vote to modify the unbinding fee parameters for the second phase of staking.

April 22

Macroeconomics

Federal Reserve Vice Chairman Jefferson and Philadelphia Fed President Harker will speak at the Economic Liquidity Summit.

Policy Regulation

The public consultation by the European Securities and Markets Authority on the establishment of standards for crypto asset advisors will close.

Project Updates

The cross-chain protocol Hyperlane will issue a $HYPER airdrop, with 57% of the total supply allocated to community users.

Exchange Dynamics

A trading platform will launch BNB spot trading pairs.

Token Unlock

SPACE ID (ID) will unlock approximately 12.65 million tokens, accounting for 2.94% of the circulating supply, valued at around 2.4 million USD.

April 23

Macroeconomics

The IMF will release the latest "World Economic Outlook" report.

Minneapolis Fed President Kashkari, St. Louis Fed President Bullard, and Fed Governor Waller will give speeches.

Policy Regulation

The Argentine Congress will initiate an investigation to determine the relationship between government officials and Libra.

A certain search engine giant will implement MiCA crypto advertising rules in the EU.

Project Updates

The American Securities Depository and Clearing Corporation (DTCC) will demonstrate the tokenized collateral management platform "AppChain". The platform aims to enhance the efficiency and liquidity of global collateral circulation.

token unlock

Murasaki (MURA) will unlock approximately 10 million tokens, accounting for 1.00% of the circulating supply, worth about 4 million USD.

Karrat (KARRAT) will unlock approximately 21.25 million tokens, accounting for 8.79% of the circulating supply, valued at about 1.3 million USD.

Eigenlayer (EIGEN) will unlock approximately 1.29 million tokens, accounting for 0.53% of the circulating supply, valued at around $1.1 million.

April 24

Macroeconomics

The Federal Reserve will release the Beige Book on economic conditions.

Policy Regulation

The application for the tokenized regulatory sandbox launched by the Dubai Financial Services Authority will close.

Project Updates

Initia will launch its mainnet.

Dolomite will conduct a TGE and airdrop 20% of DOLO tokens.

Exchange Dynamics

An international trading platform will launch perpetual contract trading for four types including WCT and BABY.

A trading platform will launch the Initia (INIT) token.

A certain trading platform will terminate the withdrawal services for AMB, CLV, STMX, and VITE.

April 25

regulatory policies

The U.S. SEC will hold its third roundtable on cryptocurrency policy, focusing on custody issues.

Exchange Dynamics

A trading platform will adjust the collateral rate for certain assets in unified accounts.

Project Updates

The Bosera Ethereum ETF has been approved to participate in staking activities.

Token Unlock

Venom (VENOM) will unlock approximately 59.26 million tokens, accounting for 2.86% of the circulation, worth about 7.9 million dollars.

AltLayer (ALT) will unlock approximately 240 million tokens, accounting for 7.92% of the circulating supply, valued at about 6.9 million USD.

April 27

Token Unlock

Undeads Games (UDS) will unlock approximately 21.94 million tokens, accounting for 30.54% of the circulation, valued at about 14.9 million dollars.

Velo (VELO) will unlock approximately 182.8 million tokens, accounting for 2.47% of the circulating supply, worth about 2.3 million dollars.

To Be Determined

Sonic Labs announced that the public sale of .sonic domain names is scheduled to start next week.

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VirtualRichDreamvip
· 4h ago
What coin are you trading? Xuanxuan has gone on-chain.
View OriginalReply0
DaisyUnicornvip
· 13h ago
Looking at the confused regulatory roundtable, I hope a little wildflower secretly blooms in the meeting room~
View OriginalReply0
AllInAlicevip
· 13h ago
Feeling better now!
View OriginalReply0
GasWastingMaximalistvip
· 13h ago
Here it comes, it's time to da moon!
View OriginalReply0
StealthMoonvip
· 13h ago
I feel it's just about that~
View OriginalReply0
ProxyCollectorvip
· 13h ago
The more good shows, the better. Let's continue to watch the pros tear each other apart.
View OriginalReply0
DegenGamblervip
· 13h ago
Sigh, it's another week of BTC consolidation.
View OriginalReply0
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