Important news:
The first global NFT developer summit NFTCON 2024 will be held on November 11, on the eve of Devcon in Thailand;
Aptos (APT) will unlock approximately 11.31 million tokens at 2:00 pm Beijing time on November 11, accounting for 2.18% of the current circulation and worth approximately US$128 million.
Ethereum Devcon 7 will be held in Bangkok, Thailand from November 12 to 15;
Cheelee (CHEEL) will unlock approximately 20.81 million tokens at 8:00 a.m. Beijing time on November 13, worth approximately $228 million;
The Hong Kong Stock Exchange will launch a series of virtual asset indices on November 15;
Federal Reserve Chairman Powell will be invited to participate in a dialogue entitled "Global Perspective" at 4 a.m. Beijing time on November 15.
Arbitrum (ARB) will unlock approximately 92.65 million tokens at 9:00 pm Beijing time on November 16, accounting for 2.33% of the current circulation and worth approximately US$60 million;
November 11th
Exchange:
Coinbase Derivatives to launch Silver (SLR) and Stellar (XLM) futures contracts on November 11
Coinbase Derivatives will launch retail-scale futures contracts for Silver (SLR) and Stellar (XLM) on November 11, further expanding its range of derivatives products regulated by the Commodity Futures Trading Commission (CFTC), including previously launched contracts for BTC, ETH, BCH, LTC, DOGE, SHIB, AVAX, DOT, LINK, Gold and Oil.
The Silver and Stellar futures launched this time are based on 50 ounces of silver and 5,000 Stellar, respectively, aiming to provide traders at all levels with more convenient market access opportunities while meeting the needs of price discovery and risk management. Coinbase said that combining traditional commodities with innovative cryptocurrencies will help create a more comprehensive trading experience and provide investors with diversified risk management and portfolio options.
Binance plans to adjust the calculation method of delivery settlement price of delivery contracts on November 11
According to the official announcement, Binance will adjust the calculation method of the settlement price of delivery contracts at 16:00 (Eastern Time Zone 8) on November 11, 2024. The settlement price of delivery contracts will use the average of the price index per second in the last 30 minutes before delivery (15:30 to 16:00 Eastern Time Zone 8), totaling 1,800 price indices. Calculation of settlement price of existing contracts: The settlement price of delivery contracts will be calculated based on the average of the price index per second in the last hour before delivery (15:00 to 16:00 Eastern Time Zone 8), totaling 3,600 price indices. Calculation of settlement price of new contracts: The settlement price of new delivery contracts will be calculated based on the average of the price index per second in the last 30 minutes before delivery (15:30 to 16:00 Eastern Time Zone 8), totaling 1,800 price indices.
Project News:
Zulu Network will launch ZULU on Bounce Launchpad and open the auction pool. MEXC and Gate will list ZULU on November 11
Bitcoin L2 protocol Zulu Network will launch its native token ZULU on Bounce Launchpad and will launch two auction pools simultaneously at 18:00 (UTC+8) on November 10, which will be open for 12 hours. In addition, crypto exchanges MEXC and Gate will launch ZULU at 18:00 (UTC+8) on November 11.
0G Foundation’s AI Aligned Node Sale to Launch on November 11
According to the official announcement of 0G Labs, the 0G Foundation's AI Aligned Node Sale will be launched on November 11, aiming to encourage the community to protect AI as a public interest. 1,500 testnet participants can obtain the first or second level whitelist (WL) qualification by completing the tasks in Intract, so as to participate in this node sale first.
The second closed beta test of Ronin Ecosystem Game Lumiterra is scheduled to start on November 11
Ronin said that the second closed beta test of the blockchain game Lumiterra is scheduled to start on November 11 and is scheduled to last about 3 weeks. Any user who has obtained whitelist access to Lumiterra can participate.
Community Activities:
The first global NFT developer summit NFTCON 2024 will be held on November 11, on the eve of Devcon in Thailand
The first global NFT developer summit NFTCON 2024, jointly initiated by PANews and NFTScan, will be held on November 11 on the eve of Devcon in Bangkok, Thailand. It has received support from many institutions including BNB Chain, UniSat, Mint Blockchain, Coin98, RareShop, imToken, GoPlus, Dagora, Ready Player Club, etc.
As a highly scalable encrypted asset, NFT has shown great market prospects in consumer applications. This new type of asset can not only provide proof of ownership of digital assets to provide consumers with strong ownership protection, but also bring consumers more diversified and personalized choices and experiences. This event will explore the current status and future development opportunities of NFT from the perspective of its wide application in MEME, social, cultural, commercial and social charity.
Token unlocking:
Aptos (APT) will unlock approximately 11.31 million tokens at 2:00 pm Beijing time on November 11, accounting for 2.18% of the current circulation and worth approximately US$128 million.
Cardano (ADA) will unlock approximately 92.65 million tokens at 8:00 a.m. Beijing time on November 11, accounting for 0.05% of the current circulation, with a value of approximately US$10.8 million.
io.net (IO) will unlock about 2.11 million tokens at 8:00 pm Beijing time on November 11, accounting for 1.75% of the current circulation, with a value of about US$4.4 million.
November 12
Exchange:
Binance to Launch SOLUSDT Daily and Weekly Options on November 12
Binance Options will launch SOLUSDT daily and weekly options at 16:00 (ET) on November 12, 2024. SOLUSDT daily and weekly options are European-style options contracts.
Law firm Pomerantz files class action lawsuit against Coinbase Global, investors must apply to become lead plaintiff in class action lawsuit by November 12
Pomerantz, a US law firm, announced that it has filed a class action lawsuit against Coinbase Global, Inc. (NASDAQ: COIN), accusing the company and some of its executives of securities fraud or other illegal business practices. Investors need to apply to become the lead plaintiff in the class action before November 12, 2024. It is reported that the lawsuit stems from the news that the UK Financial Conduct Authority (FCA) fined Coinbase subsidiary CB Payments Limited 3.5 million pounds on July 25, 2024, which caused Coinbase's stock price to fall 5.53% that day.
Project dynamics:
DePIN L1 protocol Peaq will be launched on November 12
DePIN L1 protocol Peaq announced on X that it will be launched on November 12. Earlier in May, Peaq completed a $20 million fundraising through CoinList, with more than 14,500 community members contributing more than $36 million in funds.
Community Activities:
Ethereum Devcon 7 will be held in Bangkok, Thailand from November 12th to 15th
Ethereum Developer Conference Devcon 7 will be held in Bangkok, Thailand from November 12 to 15, 2024. This time Devcon is not only a location announcement, but also an expansion of the vision, which will use the entire Southeast Asia region as a stage for community gatherings. Southeast Asia's Ethereum community plays a key role in the global cryptocurrency field, and the region's rapid growth has been highlighted in the Global Cryptocurrency Adoption Index. The Devcon team has launched the "Go to Devcon (RTD) Grants" program to support the development of new Ethereum events, grassroots communities, and educational causes in Southeast Asia.
Token unlocking:
World Mobile Token (WMTX) will unlock approximately 4.92 million tokens at 8:00 am Beijing time on November 12, accounting for 0.00% of the current circulation and worth approximately US$1.1 million.
Fusionist (ACE) will unlock approximately 850,000 tokens at 8:00 am Beijing time on November 12, accounting for 2.09% of the current circulation and worth approximately US$2 million.
November 13
Policy supervision:
Biden and Trump will meet at the White House on the 13th
The White House issued a statement on the 9th saying that at the invitation of President Biden, Trump, who won the 2024 presidential election, will meet with Biden at the White House at 11:00 Eastern Time on the 13th (00:00 Beijing Time next Thursday). No other details have been released yet.
Exchange:
Binance will suspend Arweave (AR) network token deposits and withdrawals on November 13 to support its network upgrade and hard fork
Binance plans to suspend the deposit and withdrawal services of the Arweave (AR) network at 21:00 on November 13, 2024, GMT+8 to support its network upgrade and hard fork. The project will perform a network upgrade and hard fork at block height 1,547,120 (estimated at 22:00 on November 13, 2024, GMT+8).
Project News:
Former Celsius CEO to return to court on November 13
According to Cointelegraph, former Celsius CEO Alex Mashinsky will return to court on November 13 to make oral arguments on his motion to dismiss charges of fraud and market manipulation. Mashinsky was arrested in July 2023 and faces seven felony charges related to manipulating the price of Celsius token CEL.
Token unlocking:
Cheelee (CHEEL) will unlock approximately 20.81 million tokens at 8:00 am Beijing time on November 13, worth approximately US$228 million
Ethena (ENA) will unlock approximately 12.86 million tokens at 3:00 pm Beijing time on November 13, accounting for 0.45% of the current circulation, with a value of approximately US$7.4 million.
Axie Infinity (AXS) will unlock approximately 815,000 tokens at 9:10 pm Beijing time on November 13, accounting for 0.53% of the current circulation and worth approximately US$4.5 million.
Eigenlayer (EIGEN) will unlock approximately 1.29 million tokens at 3:00 am Beijing time on November 13, accounting for 0.69% of the current circulation and worth approximately US$4.2 million.
Render (RENDER) will unlock approximately 490,000 tokens at 8:00 am Beijing time on November 13, accounting for 0.13% of the current circulation, with a value of approximately US$2.7 million.
November 14
Exchange:
Binance will remove QTUM/BTC and XVS/BTC leveraged trading pairs on November 14
Binance announced that it will remove the following leveraged trading pairs at 14:00 (ET) on November 14, 2024: full leverage QTUM/BTC, isolated leverage QTUM/BTC and XVS/BTC.
Coinbase International will launch Raydium perpetual futures contracts on November 14
Coinbase International Station announced on the X platform that Coinbase International Station and Coinbase Advanced will add support for Raydium perpetual futures contracts. The RAY-PERP market is expected to open at or after 17:30 on November 14, 2024, Beijing time.
Policy supervision:
The Ministry of Industry and Information Technology publicly solicited opinions on industry standards such as (Technical requirements for large-scale model systems for artificial intelligence office) and the deadline is November 14
According to the announcement issued by the Ministry of Industry and Information Technology, opinions are now publicly solicited on 198 industry standards such as (Technical requirements for artificial intelligence office large model system) and (Technical requirements and test methods for electromagnetic compatibility of civil terminal equipment of Beidou satellite navigation system) recommended national standard plan projects. The deadline for this public solicitation is November 14, 2024, and the public can submit feedback during the public announcement period. The relevant documents and feedback form have been published in the attachment, and opinions can be sent to the Science and Technology Department of the Ministry of Industry and Information Technology by email.
Token unlocking:
Polyhedra Network (ZKJ) will unlock approximately 17.22 million tokens at 8:00 am Beijing time on November 14, accounting for 28.52% of the current circulation, with a value of approximately US$19.8 million.
CYBER (CYBER) will unlock approximately 886,000 tokens at 2:00 am Beijing time on November 14, accounting for 3.81% of the current circulation and worth approximately US$3.3 million.
Moonwell (WELL) will unlock approximately 38.54 million tokens at 8:00 am Beijing time on November 14, accounting for 1.30% of the current circulation and worth approximately US$3 million.
November 15
Policy supervision:
Federal Reserve Chairman Powell will be invited to participate in a dialogue entitled "Global Perspective" at 4 a.m. Beijing time on November 15.
The U.S. October industrial output monthly rate and the U.S. September commercial inventory monthly rate will be announced at around 10 p.m.
Switzerland launches public consultation on crypto tax information sharing, deadline is November 15
Switzerland is considering including crypto tax data in its international information exchange agreements. The Swiss Federal Council launched a consultation process on Wednesday for a new bill that aims to facilitate the sharing of crypto asset information with 111 jurisdictions. These jurisdictions are currently part of the automatic information exchange. The premise for sharing is that they comply with the OECD's crypto asset reporting framework.
Switzerland has long been a leader in cryptocurrency adoption. Places such as Lugano have taken the lead in accepting taxes in cryptocurrencies such as Tether (USDT) and Bitcoin. The country's political framework allows the Federal Tax Office to classify Bitcoin as a method of payment. As a result, Bitcoin is exempt from value-added tax (VAT). The Swiss Federal Council aims to determine a start date for the automatic exchange of crypto-related information with partner cantons. The consultation period for the legislative proposal will end on November 15, 2024.
HKEX to launch virtual asset index series on November 15
According to Jinshi.com, the Hong Kong Stock Exchange announced that it will launch the Hong Kong Stock Exchange Virtual Asset Index Series (Index Series) on November 15, 2024 to provide a reliable benchmark price for virtual assets, a rapidly emerging asset class, and support Hong Kong's development into Asia's leading digital asset center. The index series will provide a transparent and reliable benchmark for the pricing of Bitcoin and Ethereum in the Asian time zone, and is committed to providing a unified reference price for virtual assets to resolve price differences between such assets on global exchanges. "We are pleased to launch the Hong Kong Stock Exchange Virtual Asset Index Series to meet the region's demand for this rapidly emerging asset class," said Chan Yik Ting, Group Chief Executive Officer of the Hong Kong Stock Exchange. "By providing a transparent and reliable real-time benchmark, we hope to help investors make informed investment decisions, thereby supporting the healthy development of the virtual asset ecosystem and consolidating Hong Kong's position as an international financial center."
Project dynamics:
Heather Morgan, money launderer in Bitfinex hack, to be sentenced on November 15
U.S. prosecutors sought an 18-month prison sentence for Heather Morgan, better known by her rapper moniker “Razzlekhan,” for her role in laundering 120,000 bitcoins stolen from Bitfinex in a 2016 hack. In August 2023, Morgan pleaded guilty to one count of money laundering conspiracy and one count of conspiracy to defraud the United States, each of which carries a maximum sentence of five years in prison.
Although it was initially believed that Morgan and her husband, Ilya Lichtenstein, simply laundered the proceeds of the hack (valued at approximately $7.5 billion), Lichtenstein later admitted that he was the original hacker and pleaded guilty to one count of conspiracy to launder money, which carries a maximum sentence of 20 years in prison. According to court documents, Lichtenstein carried out the hack alone in 2016 and did not inform his wife about it or seek her help in laundering the money until four years later in 2020, making her an accessory after the crime. Considering Morgan's early acceptance of responsibility and "substantial assistance to law enforcement," as well as the fact that she spent very little of the proceeds of the crime herself, prosecutors recommended a lighter sentence for her.
In addition to seeking jail time for Morgan, prosecutors are asking the court to order her to return the cryptocurrency seized from the Bitfinex hacker wallet directly to Bitfinex as in-kind compensation. The cryptocurrency includes approximately 94,643.29837084 BTC, 117,376.52651940 BCH, 117,376.58178024 BSV, and 118,102.03258447 BTG, worth more than $6 billion at current prices. Morgan will be sentenced in Washington, D.C., at 2 p.m. on November 15, one day later than Lichtenstein.
Token unlocking:
Starknet (STRK) will unlock approximately 64 million tokens at 8:00 am Beijing time on November 15, accounting for 3.05% of the current circulation, with a value of approximately US$30.3 million.
November 16
Token unlocking:
Arbitrum (ARB) will unlock approximately 92.65 million tokens at 9:00 pm Beijing time on November 16, accounting for 2.33% of the current circulation and worth approximately US$60 million.
Nervos Network (CKB) will unlock approximately 1.34 billion tokens at 8:00 am Beijing time on November 16, accounting for 2.99% of the current circulation and worth approximately US$19.9 million.
Mintlayer (ML) will unlock approximately 9.91 million tokens at 8:00 am Beijing time on November 16, accounting for 6.28% of the current circulation, with a value of approximately US$1.2 million.
November 17
Token unlocking:
Echelon Prime (PRIME) will unlock approximately 750,000 tokens at 8:00 am Beijing time on November 17, accounting for 1.51% of the current circulation and worth approximately US$5.8 million.
OmniFlix Network (FLIX) will unlock approximately 15.31 million tokens at 8:00 am Beijing time on November 17, accounting for 3.91% of the current circulation and worth approximately US$2.4 million.
