The post Chromia to Launch Native Staking Feature for CHR Tokens on September 24 appeared on BitcoinEthereumNews.com.

This week in the world of cryptocurrency, major developments are taking place that will shape the industry’s future. From regulatory advancements in the European Union to significant legal proceedings and product launches, the next few days are packed with crucial events. On September 24, former Alameda Research CEO Caroline Ellison is set to be sentenced in a New York court for various charges including wire fraud and money laundering. Stay informed about the latest in crypto with our in-depth coverage of pivotal events and updates shaping the future of digital assets. Key Regulatory and Legal Movements On September 23, the European Union will hold an online public hearing regarding the introduction of standardized classifications for crypto assets under the MiCA regulation. This marks a significant step toward regulatory clarity in the crypto space. Public consultations will continue until October 12. Additionally, Caroline Ellison, the former CEO of Alameda Research, will face sentencing on September 24 after pleading guilty to multiple charges, including conspiracy to commit wire fraud and money laundering. Her cooperation with prosecutors may reduce her potential 110-year sentence. Major Product and Network Updates Several noteworthy projects are set to advance this week. On September 24, Chromia will launch its native staking feature, offering a 10% annual yield plus network fee sharing for CHR token holders. WalletConnect, now rebranded as Reown, will open airdrop registrations for its Connect Token (WCT) on the same day. Moreover, opBNB Chain is scheduled for a network upgrade and hard fork at 14:00 on September 24, with Binance pausing token deposits and withdrawals shortly before the process begins. Token Launches and Financial Milestones September 24 also marks the Token Generation Event (TGE) for LogX, the on-chain perpetual DEX. The token economy involves a well-distributed allocation model, providing incentives for the community, investors, and team…

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Filed under: News - @ September 23, 2024 4:25 am