The decision on Grayscale's lawsuit against the SEC to convert the $gBTC trust into a spot $BTC ETF is expected to be announced on August 18th. This could be important for developing other $BTC spot ETF fillings by Blackrock and other large funds. The SEC's next deadline dates for those are September 1st to 4th.
$FXS is expanding into RWA with its upcoming FRAX V3 upgrade. US Treasury Bills will back the stablecoin, with the yield passed backed on-chain to holders through FraxBonds, ERC20 tokens that convert into $FRAX annually upon maturation.
$FXS also has two other major updates coming soon: $frxETH v2, with fully decentralized validators and higher node operator capital efficiency, and FraxChain, a hybrid rollup with $frxETH as its gas token
$GNS major tokenomics changes will go live on September 1st. The revamp will significantly increase $GNS's stakers revenue-sharing from 33% to 60%, shifting the developer fund revenue to $GNS staking and deprecating GNS NFTs into $GNS. In compensation for that, the total supply will be increased by 14% and distributed to developers and NFT owners
Ripple's response to the SEC's letter of intent against the $XRP security ruling is due by August 19th
$ARB and $OP stand to benefit from the EIP-4844 upgrade, which will significantly reduce Ethereum Rollups transaction costs and consequently drive their profit margins up.
$OP also capitalizes on rollups building on top of the OP stack, such as Base, WorldCoin, and opBNB. As 10% of their revenue goes towards the Optimism treasury, this could be a strong protocol revenue stream
As GPUs become increasingly more scarce and the GPU commoditization narrative takes shape, projects such as $AKT and $RDNR could strongly benefit from it as they enable a decentralized computing resource marketplace
$LBR V2 is launching soon, with an expanded LST collateral base and improved tokenomics
EigenLayer will raise the restaking cap on August 22nd on LSTs, including $stETH, $rETH and $cbETH. Deposits will remain open until one of the LSTs hits 100k tokens restaked, after which there will be a global pause
$SNX V3 will be deployed on Base on August 20th, following the approval of an ongoing governance voting. With Chainlink's CCIP, Synthetix cross-chain pools between Ethereum, Optimism, and Base could now be enabled.
Friend Tech airdrop will start on August 18th and gradually roll out over the next 6 months. Users must share their invite codes to obtain points
Primetrust, which recently filed for bankruptcy, holds 28% of $AUDIO's circulating supply, worth $54M. These assets could be liquidated to compensate creditors or pay lawyer fees eventually
$YFI is discussing the launch of their V3, introducing a new fee structure system with Protocol fees, and permissionless Vault deployment and Strategy development
Token2049 Singapore, one of the largest crypto conferences, will occur on September 13-14
Large Token Unlocks:
$APE 11% unlock worth $73M on September 16th
$HBAR 3.5% unlock worth $70M on August 31st
$OP 3.4% unlock worth $34M on August 30th