Next week's must-watch: Jackson Hole Central Bank annual meeting; Nvidia announces Q2 financial report (8.24-8.30)

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1 day ago

Key Events Preview for Next Week

August 26

August 27

Others (Specific time not yet determined)

Details of other noteworthy events in the industry from August 24 to August 30 are as follows;

August 24

No updates

August 25

The EU expands the Belarus crypto ban to all MiCA service providers, effective from August 25

Odaily Planet Daily reports that starting August 25, the EU will prohibit Belarusian citizens and residents from owning, controlling, or managing crypto exchanges and other crypto service providers regulated by MiCA. This measure appeared in the EU sanctions framework amendment passed on Thursday, targeting Belarus's participation in Russia's war against Ukraine, expanding the existing restrictions, which were limited to crypto wallets, accounts, or custodial services, to all crypto asset businesses defined by MiCA, including operating trading platforms, cryptocurrency exchanges, executing customer orders, investment advice, and portfolio management, among others. The decision took effect on July 24, and the expanded crypto terms will apply from August 25.

Previously, the EU had required unauthorized crypto companies to cease operations or face enforcement after the end of MiCA's transitional period on July 1. As part of the 21st round of sanctions against Russia on Thursday, the EU also extended the trading ban to 14 foreign crypto service platforms and established mechanisms to prohibit trading with foreign crypto service providers used by Russia to circumvent sanctions. (Cointelegraph)

BNB Chain will launch the Pasteur hard fork on August 25

Odaily Planet Daily reports that BNB Smart Chain (BSC) announced that the Pasteur hard fork will officially launch on the mainnet at 10:30 AM Beijing time on August 25 (02:30 UTC on August 25), with node operators required to upgrade to client version v1.7.7 in advance.

This upgrade includes three improvements: BEP-682, BEP-695, and BEP-675, focusing on enhancing cross-chain security, validator governance mechanisms, and network throughput. Among these, BEP-682 will strengthen the cross-chain bridge's validation mechanism to prevent risks of authority bypass due to repeated signer calculations, improving the security of cross-chain asset transfers. BEP-695 optimizes the validator key rotation mechanism to ensure that old keys no longer retain management authority after exiting, while addressing potential vulnerabilities related to penalties and governance voting.

In terms of performance, BEP-675 reduces the time consumption caused by validators repeatedly executing transactions by optimizing the block construction process. In the internal QANet testing environment of BNB Chain, the program increased throughput from 1237 TPS to 2324 TPS, keeping the block time at 450 milliseconds and the block gas limit at 100 million, while the average gas usage per block increased from 46.35 million to 84.15 million.

BNB Chain stated that this upgrade is mainly aimed at validators and block builders, intending to provide greater capacity during peak network periods and drive the throughput expansion goals in the BNB Chain roadmap for the second half of 2026.

Conflux Network will carry out v3.1.0 network hard fork upgrade on August 25

Odaily Planet Daily reports that Conflux Network announced that the v3.1.0 network hard fork upgrade will introduce multiple network improvements, including EVM compatibility updates, bug fixes, RPC changes, and security enhancements. CIP-173 is expected to be activated on August 26.

Binance will suspend Conflux Network deposits and withdrawals on August 25 to support network upgrade and hard fork

Odaily Planet Daily reports that Binance will suspend token deposit and withdrawal services for Conflux Network (CFX) at 07:00 AM (UTC+8) on August 25 to support its network upgrade and hard fork, which is expected to occur at 08:00 AM (UTC+8) on August 25.

August 26

Expected to contribute $200 million annually to repurchase HYPE; Hyperliquid AQAv2 revenue-sharing mechanism to launch on August 26

Odaily Planet Daily reports that Hyperliquid's AQAv2 stablecoin model protocol has previously received support from 19 out of 26 validators and is expected to officially start revenue accrual on August 26. Circle has transferred approximately $4.4 billion USDC to Coinbase through AQAv2 mechanism on HyperEVM, setting a record for the largest single USDC transfer on HyperEVM. The first revenue payment is expected to enter the Assistance Fund on October 3. AQAv2 (Aligned Quote Asset v2) was announced by Hyperliquid in May this year, allowing stablecoins, not exclusively issued by Hyperliquid, including USDC, to qualify as "Aligned." According to public information, AQAv2 will return most of the stablecoin revenue to the Hyperliquid ecosystem, with 90% of the revenue allocated to related mechanisms, and subsequently 100% used for repurchasing and burning HYPE tokens. Coinbase has been designated as the fund deployer, and Circle is responsible for technical deployment, with both parties also staking HYPE to participate in the mechanism. The previous requirement mandated that stablecoins be exclusively Hyperliquid assets; AQAv2 removes this restriction and focuses on the HIP-4 standardized market and the perpetual contract market operated by validators. AQAv2 is expected to bring in about $200 million in revenue and achieve token value capture through the HYPE repurchase and burn mechanism.

BitMart will orderly cease operations, stopping all trading services on August 26

Odaily Planet Daily reports that BitMart announced on the X platform that after a prudent assessment of the company's operating status, market environment, and future strategic direction, it has decided to orderly cease operations of its trading platform. New registrations, deposits, and new trading orders will be suspended starting at 01:30 UTC on July 26, 2026; all trading services will cease at 01:00 UTC on August 26, 2026; and platform operations will officially terminate at 15:59 UTC on January 31, 2027. Withdrawal services will remain open.

BitMart also stated that all users are advised to close positions, complete KYC, and withdraw assets as soon as possible.

BitMEX will implement risk limits starting August 26

Odaily Planet Daily reports that BitMEX will officially close on September 23, and the official will implement risk limits starting August 26 to prevent users from opening new positions (only reducing positions will be allowed).

Coinbase will suspend trading of MEME and 10 other token perpetual contracts on August 26

Odaily Planet Daily reports that Coinbase will suspend trading of the following perpetual contracts around 21:00 on August 26: Memecoin (MEME-PERP), The Sandbox (SAND-PERP), Moonbirds (BIRB-PERP), Blur (BLUR-PERP), Katana (KAT-PERP), SPX6900 (SPX-PERP), ZORA (ZORA-PERP), Axie Infinity (AXS-PERP), Gensyn (AI-PERP), and LayerZero (ZRO-PERP). At that time, remaining open positions will be automatically settled, with the final settlement price being the average index price for the 60 minutes prior to the suspension, and the rate for the last funding fee period will be set to zero.

August 27

Jackson Hole Central Bank Annual Meeting to be held with Walsh speaking on the first day

Odaily Planet Daily reports that the Jackson Hole Global Central Bank Annual Meeting will be held from August 27-29, with Federal Reserve Chairman Walsh scheduled to give a speech for the first time on August 28 (Friday) at 22:00.

South Korea's central bank will announce interest rate decision on August 27

Odaily Planet Daily reports that on August 27 (Thursday) at 00:00 Beijing time, South Korea's central bank will announce its interest rate decision.

NVIDIA will announce second-quarter financial report

Odaily Planet Daily reports that NVIDIA will announce its second-quarter financial report for the 2027 fiscal year after the market closes on August 26 (in the early morning of August 27 Beijing time).

Bithumb's erroneous Bitcoin reimbursement case will have its first verdict on August 27

Odaily Planet Daily reports that a South Korean court will deliver the first ruling on August 27 regarding the Bithumb erroneous Bitcoin issuance case, where the involved user was accused of selling mistakenly received BTC and holding approximately 194 million won in cash. Bithumb has previously filed undue benefit recovery lawsuits against 4 users, with a total amount involved of approximately 500 million won. In February, Bithumb mistakenly credited Bitcoin to users instead of Korean won points as part of an event reward distribution, then initiated a recovery process, claiming that by March 10, it had recovered 99% of the 1788 BTC that was not reclaimed.

Perpetually closed, EulerFinanceBot Telegram mini-program will stop services on August 27

Odaily Planet Daily reports that Euler Labs has monitored that due to network maintenance, the EulerFinanceBot TAC Telegram mini-program will be permanently closed on August 27. The official reminds users with remaining balances in the protocol to withdraw as soon as possible; after closure, the application and all remaining funds will be inaccessible.

August 28

Ceasing operations on August 28, DeFi Kingdoms DFK Chain will stop running

Odaily Planet Daily reports that based on Avalanche L1, the DFK Chain will cease operations on August 28. The team stated they will prioritize the secure migration of player assets to Avalanche C-Chain and plan to open the SDK, allowing third-party developers to build based on DeFi Kingdoms' systems, mechanisms, and assets. More details on asset migration will be announced in the coming weeks.

August 29

No updates

August 30

No updates

Others (Specific time not yet determined)

Arthur Hayes: The FLOP white paper has not yet been released, with a token economics infographic expected to be published next week

Odaily Planet Daily reports that Arthur Hayes posted on the X platform that the FLOP white paper has not yet been released as the team is still communicating with stakeholders to ensure a complete final technical design and token economics plan. The team previously announced they would gather more feedback, with a brief infographic containing token economics content expected to be published next week.

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