Important news:
- Magic Eden: ME's economic model will be officially released on November 18;
- Avalanche (AVAX) will unlock approximately 1.67 million tokens at 8:00 a.m. Beijing time on November 18, accounting for 0.41% of the current circulation, with a value of approximately US$61.3 million;
- Binance Launchpool and pre-market trading will list Usual (USUAL) on November 19;
- FTX co-founder Gary Wang will be sentenced on November 20;
- Ethereum L2 network Lisk has launched its mainnet and will launch an airdrop on November 21;
- OKX will launch MEMEFI (MemeFi) spot trading on November 22
- Sotheby’s to Start Auction of Maurizio Cattelan’s Banana Artwork on November 21 and Accept Cryptocurrency Payments
November 18
Exchange:
Coinbase insiders plan to sell over $900 million worth of stock, expected to start on November 18
Coinbase's global executives and directors have approved a trading plan to sell more than $900 million worth of cryptocurrency trading platform shares. Among them, three Coinbase executives and two directors will sell up to 5 million shares. Based on Friday's closing price of $182.88, these shares are worth a total of $909 million. Company insiders adopt such plans to avoid being accused of bias due to possession of non-public information. The plan automatically executes transactions when specific conditions such as price, volume, and time are met. Coinbase disclosed the adoption of these trading plans in a filing with the Securities and Exchange Commission on October 30. The plan is expected to start on November 18 and end no later than November 14, 2025.
Project dynamics:
Magic Eden: ME's economic model will be officially released on November 18
According to the official announcement of Magic Eden, the token economics model of its token $ME will be officially released on November 18.
Fast food giant McDonald's has reached a cooperation with NFT brand Doodles, and will launch a co-branded coffee and collectibles series on November 18, including Doodles limited edition cups. American customers can participate in 13,500 McDonald's stores across the country.
Token unlocking:
Avalanche (AVAX) will unlock approximately 1.67 million tokens at 8:00 am Beijing time on November 18, accounting for 0.41% of the current circulation and worth approximately US$61.3 million.
November 19
Exchange:
Binance Launchpool and Pre-Market Trading to List Usual (USUAL) on November 19
Binance Launchpool now lists the 61st project - Usual (USUAL), a decentralized fiat stablecoin issuer.
Pre-market trading will be available for Usual (USUAL) and USUAL/USDT trading on November 19, 2024 at 18:00 (ET8). Eligibility for pre-market trading on Binance depends on the country or region of residence. Maximum position limit for an individual: 40,000 USUAL. The total and maximum supply of Usual (USUAL) tokens is 4 billion, the Launchpool token reward is 300 million (7.5% of the total token supply), and the initial circulating supply at the time of listing on Binance is 494.6 million (12.37% of the total token supply).
Project dynamics:
BNB Chain team will complete the BNB Beacon Chain (BEP2) network integration plan on November 19
The BNB Chain team will complete the BNB Beacon Chain (BEP2) network integration plan at 14:00 (ET) on November 19, 2024. Binance strongly recommends users to deposit B-tokens of the BEP2 network to their Binance accounts before 14:00 (ET) on November 19, 2024, when the BNB Beacon Chain (BEP2) network integration plan is completed. These tokens will be credited and users can withdraw them through their native chain or other networks supported by Binance.
Bitwise to Launch World’s First Aptos Staking ETP on Swiss Stock Exchange on November 19
Bitwise Asset Management announced that the Bitwise Aptos Staking ETP (ticker: APTB; ISIN DE000A4AJWU3) is scheduled to be listed on the Swiss Stock Exchange on November 19, 2024. The product will become the world's first Aptos Staking ETP.
Optimsm posted on the X platform that during Season 5 and Season 6, up to 3.5 million OP will be distributed to contributors to Optimism Governance, which means that contributors from October 2023 to September 18, 2024 will receive rewards. The results will be announced on November 19.
Token unlocking:
Oasis (ROSE) will unlock approximately 176 million tokens at 0:00 on November 19th, Beijing time, accounting for 2.62% of the current circulation, with a value of approximately US$14.6 million.
Pixels (PIXEL) will unlock approximately 54.37 million tokens at 6:00 pm Beijing time on November 19, accounting for 7.05% of the current circulation and worth approximately US$11.4 million.
Hatom (HTM) will unlock approximately 1.07 million tokens at 8:00 am Beijing time on November 19, accounting for 2.41% of the current circulation and worth approximately $1.1 million.
November 20
Exchange:
FTX co-founder Gary Wang will be sentenced on November 20
Like his former FTX colleagues who have become witnesses for the U.S. government, Gary Wang has provided “outstanding” assistance to federal prosecutors in their case against Sam Bankman-Fried (SBF), the founder of crypto exchange FTX. In their argument for leniency, prosecutors said Wang created “tools” to help the U.S. government detect other frauds.
"Wang also provided substantial assistance — and took steps to correct past mistakes in the process — by using his extraordinary computer programming skills to detect potential fraud in the stock and cryptocurrency markets," federal prosecutors wrote in sentencing documents filed. "Unlike other co-conspirators, Wang did not lie to clients, lenders, or investors, nor did he spend his clients' money." While prosecutors did not make a specific sentencing recommendation, the filing asked the court to consider Wang's outstanding cooperation. Prosecutors also said Wang was the first FTX insider to cooperate with prosecutors, even though there was little written evidence linking Wang to the fraud. Gary Wang is scheduled to be sentenced on November 20 for his role in the FTX collapse.
Bankrupt cryptocurrency exchange FTX has reached a settlement agreement with Evolve Bank and the Silicon Valley Community Foundation (SVCF), which is expected to recover about $21 million in assets. According to court documents on October 30, the settlement agreements still need court approval, and a hearing is scheduled for November 20. Under the terms of the settlement, Evolve Bank will return approximately $12.77 million to FTX and retain $462,700 as compensation expenses. In addition, the bank will waive all claims against FTX. The Silicon Valley Community Foundation agreed to return $8.57 million in cash and 34,208.70 FTT tokens to avoid litigation. The foundation previously raised part of the funds for external donations by selling donated FTT, and now has a partial balance.
In addition, Three Arrows Capital seeks to increase its claim against FTX to $1.53 billion , and the hearing held by the court will discuss Three Arrows Capital's motion to amend the claim.
MapleStory Universe: Second beta will start on November 20
MapleStory Universe announced on the X platform that the second test will be launched on November 20, and 5,000,000 NXPC tokens will be issued as rewards during the 10-day public test.
Web3 shooting game XOCIETY's new round of testing will be launched on November 20
Web3 shooting game XOCIETY announced on the X platform that a new round of game testing will be launched on November 20, and users can pre-register on the evening of November 12.
Token unlocking:
Eigenlayer (EIGEN) will unlock approximately 1.29 million tokens at 3:00 am Beijing time on November 20, accounting for 0.69% of the current circulation and worth approximately US$3.2 million.
SKALE (SKL) will unlock approximately 55 million tokens at 8:00 am Beijing time on November 20, accounting for 1.06% of the current circulation and worth approximately US$2.5 million.
Hooked Protocol (HOOK) will unlock approximately 4.17 million tokens at 8:00 am Beijing time on November 20, accounting for 2.05% of the current circulation and worth approximately US$1.8 million.
November 21
Netherlands Seeks Public Comments on Proposed Crypto Tax Monitoring Law, Deadline November 21
The Dutch government is seeking public opinion on a crypto tax monitoring law aimed at aligning its data collection rules for crypto service providers with those of the European Union. The proposal aims to increase transparency in cryptocurrency ownership and thus prevent tax evasion and avoidance, the Dutch Ministry of Finance said in a press release on Oct. 24.
According to the proposal, the Dutch Tax Authority (Belastingdienst) will share user data collected by crypto service providers with tax authorities in other EU countries, in line with the DAC8 crypto tax reporting rules adopted by the EU last year. The rules simplify the administrative burden on crypto service providers, who only need to report in the EU member state where they are registered. The Dutch government plans to submit the bill to Congress in the second quarter of 2025, and hopes to make crypto assets more transparent to tax authorities through data sharing to prevent tax losses. The deadline for submitting relevant opinions and suggestions is November 21.
Exchange:
Binance plans to suspend the deposit and withdrawal services of Filecoin (FIL) network at 06:00 on November 21, 2024, GMT+8 to support its network upgrade. The project will upgrade the network at block height 4,461,240 (estimated to be 07:00 on November 21, 2024, GMT+8).
Project dynamics:
Ethereum L2 network Lisk has launched the mainnet and will start airdrop on November 21
Ethereum Layer 2 network Lisk has launched its mainnet and announced an airdrop plan. Lisk launched its testnet in February this year, having previously transitioned from Layer 1 to Layer 2. At the same time as the mainnet is launched, Lisk plans to airdrop 15 million LSK tokens. The airdrop activity will start on November 21 and will last for four months in the first quarter. Users can earn points by completing tasks on the Lisk platform, and the total number of points will determine the amount of LSK they receive. Lisk's airdrop activity aims to provide a seamless, fun and educational experience. Lisk was first launched as a Layer 1 blockchain in 2016 and transformed into an Optimism-based Layer 2 in December 2023 to support real-world assets and decentralized infrastructure networks.
Sotheby’s will begin auctioning an artwork by artist Maurizio Cattelan, “Banana & Tape,” a banana taped to a wall, on November 21, accepting cryptocurrency payments and currently estimated at $1 million to $1.5 million.
OpenAI will hold its final DevDay event in Singapore on November 21
OpenAI announced that this year's DevDay event will be held in San Francisco on October 1, London on October 30, and Singapore on November 21. This event will not release GPT-5, but will focus on updates to APIs and developer services. The event includes workshops, group discussions, and live demonstrations. The registration fee is $450 and registration has closed.
Token unlocking:
Cardano (ADA) will unlock approximately 18.53 million tokens at 8:00 am Beijing time on November 21, accounting for 0.05% of the current circulation, with a value of approximately US$13.4 million.
Ethena (ENA) will unlock approximately 12.86 million tokens at 8:00 am Beijing time on November 21, accounting for 0.45% of the current circulation, with a value of approximately US$7.4 million.
Tribal Token (TRIBL) will unlock approximately 9.6 million tokens at 8:00 am Beijing time on November 21, accounting for 7.42% of the current circulation and worth approximately US$1.4 million.
November 22
Exchange:
OKX will launch MEMEFI (MemeFi) spot trading on November 22
OKX is about to launch MEMEFI (MemeFi) spot trading. MEMEFI is a community-driven token used for both the MemeFi Web3 application and the MemeFi Telegram ad network. The specific schedule is as follows:
- MEMEFI deposit opening time: November 11, 6:00 pm (UTC+8)
- MEMEFI call auction time period: November 22, 8:00 pm to 9:00 pm (UTC+8)
- MEMEFI/USDT spot trading opening time: November 22, 9:00 pm (UTC+8)
- MEMEFI withdrawal opening time: November 23, 9:00 PM (UTC+8)
Project dynamics:
Fuel: Users must migrate their assets before November 22 to retain their first quarter points
Ethereum's modular execution layer Fuel announced that users must migrate their Fuel Points Phase 1 assets from Ethereum to Fuel Ignition before 23:59 (UTC) on November 22 to retain their Phase 1 points. If users miss the migration deadline, they can still migrate their assets to Fuel Ignition, but will lose their Phase 1 points. Users can also choose to withdraw their funds completely. The project said that regardless of the migration status, Phase 2 Fuel Points will not be affected.
Token unlocking:
SPACE ID (ID) will unlock approximately 18.49 million tokens at 8:00 a.m. Beijing time on November 22, accounting for 4.29% of the current circulation and worth approximately US$8.3 million.
November 23
None
November 24
None
