OKX launched 1st pre-market futures

OKX to launch the 1st pre-market future, HMSTR. OKX's definition to pre-market Futures: OKX Pre-market Futures allows you to trade expiry futures on crypto that have not yet been officially listed. These pre-market futures are USDT-margined and are usually delivered before the new crypto is listed on the spot market. OKX has introduced the pre-market futures trading feature to provide users with a safe and reliable platform for participating in the price discovery of new cryptocurrencies.

For more details: https://www.okx.com/help/introduction-to-pre-market-futures

FTX customers to choose liquidation program

The Liquidators of FTX Digital Markets Ltd. have launched the next stage of the liquidation process. Customers of FTX.com are required to choose whether they wish to participate in either the Official Liquidation proceeding of FTX Digital Markets Ltd. in the Bahamas (the “Bahamas Process”), or alternatively the US Chapter 11 cases (the “US Process”), and must make their selection by 4:00pm Prevailing Eastern Time 16 August 2024.

The Bahamas program is expected to repay more than 100% of the asset value on the bankruptcy date, but under the rule of no free lunch, there's probably longer process or handling complexity awaiting.

Solana flipped Ethereum as the largest chain

For the 1st time, Solana has surpassed Ethereum in total transaction fees and maximum extractable value (MEV) tips in a weekly timeframe since its launch.

Detailed data can be seen on https://defillama.com/chains, Solana is now the largest chain in both 24h volume and 24h fees (Ethereum chain not including the L2s).

Meanwhile, Solana staking protocol Jitos 24 hours fee income has surpassed Lido to rank first as staking protocol.

SOL is on its way to breaking the previous peak of $210.

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