News Preview:
MicroStrategy will officially join the Nasdaq 100 index on December 23, becoming the first Bitcoin-related company to enter this index.
Metars Genesis (MRS) will unlock approximately 10 million tokens at 8:00 AM Beijing time on December 23, accounting for 11.87% of the current circulating supply, valued at approximately 34.7 million USD;
Ethena (ENA) will unlock approximately 12.86 million tokens at 3:00 PM Beijing time on December 25, accounting for 0.44% of the current circulating supply, valued at approximately 13.5 million USD;
With Christmas approaching, the market will be relatively calm next week, although there are still some influential data points. However, due to thin liquidity, market volatility could become significant.
Cardano (ADA) will unlock approximately 18.53 million tokens at 8:00 AM Beijing time on December 26, accounting for 0.05% of the current circulating supply, valued at approximately 16.6 million USD.
Exchange Information for December 23:
South Korean cryptocurrency exchange Aprobit announces it will cease operations, withdrawal services will terminate on December 23. South Korean cryptocurrency exchange Aprobit will cease operations. As the deadline for virtual asset service providers (VASP) to update declarations approaches, many cryptocurrency trading platforms have shut down. According to industry news, Aprobit's withdrawals can be made until 6:00 PM on December 23. Aprobit stated, "Due to changes in the operating environment, we have decided to stop trading support. Even after trading support ends, we will do our best to ensure that all users can smoothly withdraw the assets stored on the trading platform."
MicroStrategy is expected to join the Nasdaq 100 index on December 23.
MicroStrategy is expected to join the Nasdaq 100 index on December 23, with an official announcement to be released this Friday (December 13). Bloomberg ETF analyst James Seyffart stated that the ETF tracking the Nasdaq 100 index is expected to purchase MicroStrategy shares worth 2.1 billion USD, accounting for about 20% of the company's daily trading volume. ETF analyst Eric Balchunas stated that the company's weight in the Nasdaq 100 index could also reach 0.47%, making it the 40th largest holding in the index. Seyffart indicated that while joining the Nasdaq 100 index is imminent, joining the S&P 500 index will be more challenging due to MicroStrategy's lack of profitability. However, upcoming changes in accounting rules related to Bitcoin valuation may qualify the company for inclusion in the S&P 500 index in 2025.
Project Updates:
Aligned plans to airdrop ALIGN tokens to multiple L2 token holders, with related registration closing on December 23. The Aligned Foundation will allocate a significant portion of the total ALIGN tokens to the token holders of Mina, EigenLayer, and Ethereum zk L2, especially those who chose to continue holding during market lows. Registration will close on December 23, 2024. Specific eligibility requirements include wallet addresses holding at least 50 USD worth of tokens at the historical lowest price of the following projects: Mina (MINA), Starknet (STRK), Polygon (POL), EigenLayer (EIGEN), ZKsync (ZK), Scroll (SCROLL), Taiko (TKO). Previously, Aligned announced that they would airdrop 26% of ALIGN to 891,322 addresses, targeting STRK, ZK, and other seven token holders.
Governance Voting:
BIO Protocol initiates a new proposal vote to "enable the transferability of BIO tokens," closing on December 23. The DeSci project BIO Protocol's new proposal "Enable Transferability of BIO Tokens" has opened for voting, with a voting period of 3 days (ending December 23). If the proposal passes, BIO will become a liquid asset within 14 days, with initial liquidity on the ETH mainnet, and will later support more chains.
Token Unlock:
Metars Genesis (MRS) will unlock approximately 10 million tokens at 8:00 AM Beijing time on December 23, accounting for 11.87% of the current circulating supply, valued at approximately 34.7 million USD. Karrat (KARRAT) will unlock approximately 11.25 million tokens at 8:00 AM Beijing time on December 23, accounting for 6.45% of the current circulating supply, valued at approximately 4.4 million USD. Murasaki (MURA) will unlock approximately 20 million tokens at 8:00 AM Beijing time on December 23, accounting for 34.84% of the current circulating supply, valued at approximately 12.2 million USD. Coin98 (C98) will unlock approximately 16.53 million tokens at 7:00 PM Beijing time on December 23, accounting for 1.88% of the current circulating supply, valued at approximately 2.7 million USD. December 24 Project Updates: Pump Science roadmap update: On December 24, partners will be announced, and preparations for mouse experiments and protocol development will begin. Pump Science releases a roadmap update, stating that on December 24, partnerships will be announced, and preparations for mouse experiments and protocol development will be made; on January 25, 2025, mouse experiments for URO and RIF will start; on February 25, a new compound will be launched in collaboration with VitaDAO; on March 25, supplement reservations and market platform will launch; on April 25, decentralized human trials will start, and the release of decentralized compounds will begin; on May 25, related experiments will expand.
BNB Chain will launch the second phase of the Meme Coin competition on December 24, with daily airdrops of Meme tokens valued at 33 BNB.
BNB Chain announces the launch of the second phase of the Meme Coin competition on December 24. The first phase lasted for 7 days, with 7 winning MemeCoin projects; among them, three winning projects AICell, MONKEY, and FROG have already been listed on Binance Alpha Zone. The second phase will begin on December 24, during which BNB Chain will purchase high-performing ecological Meme Coins worth 33 BNB daily for 7 consecutive days, and corresponding Meme tokens will be randomly airdropped to 1,000 eligible community users each day. Token Unlock: MMX (MMX) will unlock approximately 1.67 million tokens at 8:00 AM Beijing time on December 24, accounting for 1.11% of the current circulating supply, valued at approximately 1.8 million USD. December 25 Exchange Information: Binance will delist AKRO, BLZ, WRX on December 25. Binance announces that it will delist and stop all spot trading pairs related to AKRO, BLZ, and WRX at 03:00 (UTC) on December 25, 2024, including AKRO/USDT, BLZ/BTC, BLZ/USDT, and WRX/USDT. Binance will support the aelf (ELF) network upgrade on December 25. Binance announces it will suspend token deposits and withdrawals for the aelf (ELF) network starting at 09:00 (UTC) on December 25, 2024, to support its network upgrade. This upgrade is expected to occur at block height 248,832,789, approximately completing at 10:00 (UTC) on December 25, 2024.
Token Unlock:
Ethena (ENA) will unlock approximately 12.86 million tokens at 3:00 PM Beijing time on December 25, accounting for 0.44% of the current circulating supply, valued at approximately 13.5 million USD. Eigenlayer (EIGEN) will unlock approximately 1.29 million tokens at 3:00 AM Beijing time on December 25, accounting for 0.61% of the current circulating supply, valued at approximately 4.9 million USD. Venom (VENOM) will unlock approximately 33.76 million tokens at 8:00 AM Beijing time on December 25, accounting for 1.77% of the current circulating supply, valued at approximately 2 million USD. Hooked Protocol (HOOK) will unlock approximately 4.17 million tokens at 8:00 AM Beijing time on December 25, accounting for 1.97% of the current circulating supply, valued at approximately 1.7 million USD. December 26 Project Updates: The Sui ecosystem lending protocol Scallop will launch an airdrop activity, planning to airdrop 1 million SCA tokens on December 26. The Sui ecosystem lending protocol Scallop will kick off an airdrop event from December 14 to 26 during the Christmas period, where users only need to borrow at least 1,000 USD in assets/hold 1,000 veSCA to qualify for the airdrop. The total airdrop amount is 1 million SCA, with the airdrop distribution date on December 26. Currently, Scallop's TVL has reached a historical high of 195 million, with total borrowing amount reaching 90 million USD.
Token Unlock:
Cardano (ADA) will unlock approximately 18.53 million tokens at 8:00 AM Beijing time on December 26, accounting for 0.05% of the current circulating supply, valued at approximately 16.6 million USD. On December 27, the exchange: OKX will officially delist the XRP and LTC perpetual contracts according to the official announcement. OKX plans to gradually stop the generation of XRP and LTC coin-based and USDT-based perpetual contracts in the near future, and will officially delist the XRP and LTC perpetual contracts at 4:00 PM (UTC+8) on December 27, 2024. This delisting applies to the web, mobile, and API. Binance contracts will list USDT-based and coin-based Q2 0627 perpetual contracts on December 27. Binance contracts will launch the following USDT-based and coin-based Q2 0627 perpetual contracts a few hours after the expiration of the current 1227 perpetual contracts at 4:00 PM (UTC+8) on December 27, 2024. The USDT-based perpetual contracts include BTCUSDT and ETHUSDT, with minimum price precision of 0.1 and 0.01 respectively, and a maximum leverage of 50 times. The coin-based perpetual contracts cover BTC, ETH, BNB, ADA, LINK, BCH, XRP, DOT, LTC, and SOL, with settlement assets being their respective underlying assets, minimum price precision, and maximum leverage varying by asset, with a maximum leverage of up to 50 times.
Investors are focusing on the Bitcoin options expiring on December 27.
According to previous reports by Reuters, investors are focusing on December 27, when Bitcoin options worth 11.8 billion USD will expire, which could trigger significant price fluctuations in either direction. Nick Forster, founder of the decentralized options protocol Derive, pointed out that Bitcoin's volatility has remained stable over the past seven days, with the implied volatility for the next seven days at 63% and 30 days at 55%. This tight consistency indicates that the market expects significant volatility to occur soon. Bitcoin has currently pulled back from its highs, and one reason cited by market participants for the price drop is profit-taking.
Project Updates for December 28:
Sophon mining migration timeline announced, mainnet mining will start on December 28. The ZKsync-based modular blockchain Sophon announces a mining migration plan: • December 19, 23:59 UTC: L1 mining closes new deposits and opens an optional L1 withdrawal window. • December 26, 23:59 UTC: L1 withdrawal window closes, and unwithdrawn assets will automatically cross-chain to the Sophon mainnet. • December 27: All remaining assets complete automatic cross-chain, and the first phase of SP point accumulation ends. • December 28: Sophon mainnet mining officially starts, and the second phase of SP point accumulation begins, adopting a USD-based distribution method and supporting gas-free mining.
Macro Market:
Next week's macro outlook: The Christmas season may be fraught with crises, beware of liquidity shortages amplifying market volatility. With Christmas approaching, the market will be relatively calm next week, although there are still some influential data points. However, due to thin liquidity, market volatility could become significant. For the dollar, as the overall sentiment within the Federal Reserve is hawkish, it is expected that the dollar will not easily lose its throne earned this year, although low trading volumes during the holiday season may trigger some unnecessary fluctuations. Overall, any market turbulence during the holiday period is more likely to impact U.S. stocks and bonds. The Fed's hawkish stance has not been welcomed by Wall Street, and as U.S. Treasury yields continue to rise, the sell-off may intensify.
OpenAI: ChatGPT will launch an advanced voice mode next week.
ChatGPT search functionality receives a significant update, now gradually available to all free users. This update includes real-time search capabilities, supporting minute-level access to the latest news, stock, and other dynamic content; a new advanced voice mode, set to launch next week, allowing users to optimize multi-turn search experiences through more natural voice interactions; a new map feature for mobile, supporting the viewing of nearby locations, route planning, and business information; and optimizations for Android, iOS, and other platforms that improve search efficiency by over 40%.
Governance Voting:
The new proposal from MANTRA will open mainnet voting next week: it aims to update the OM token economics, reducing the on-chain inflation rate to 3%. The Layer 1 blockchain MANTRA, which focuses on RWA assets, stated on platform X that the updated OM token economics proposal is now live, and Snapshot voting is open, with mainnet voting scheduled for next week. Although the proposal suggests adjusting the token issuance schedule, individual allocations obtained through various activities will remain unchanged. The proposal includes: 1. Adjusting the vesting schedule for OM upgrade rewards, with the cliff ending on March 18, 2025, followed by a linear vesting period extending until October 16, 2028. 2. 10% of the initial airdrop allocation will unlock from March 18, 2025, followed by a six-month cliff until September 18, 2025. After this date, the remaining rewards will start vesting linearly until March 18, 2027. Additionally, a second phase of anti-witch checks will be proposed for all wallets. The vesting period for airdrop rewards will no longer be extended thereafter. 3. The cliff and vesting periods for team and core contributor incentives will be extended, with the cliff ending on April 23, 2027, and the vesting period ending on October 22, 2029. 4. The cliff period for Pre-Seed round investors will end on October 23, 2025, with vesting ending on October 23, 2027; the cliff period for Seed round investors will end on April 23, 2025, with vesting ending on April 23, 2026. 5. Ecosystem allocation will remain unchanged, and the on-chain inflation rate will be reduced from 8% to 3% starting January 1, 2025.