Next week's highlights:
OpenAI will hold its first developer conference "OpenAI DevDay" in San Francisco on November 6;
ether.fi will launch its mainnet on November 6, with a focus on integration with DeFi protocols;
U.S. senators urged the IRS to speed up its plan to combat crypto tax fraud, and a hearing is scheduled for November 7;
Reddit will shut down its blockchain-based community points program on November 8;
The white paper of the public chain project Shardeum will be released on November 8;
Aptos will unlock 20 million APT on November 12, accounting for more than 8.5% of the circulating supply.
From November 6th to November 12th, more noteworthy events in the industry are previewed as follows.
November 6
OpenAI will hold its first developer conference "OpenAI DevDay" in San Francisco on November 6
Odaily Planet Daily News: According to official news, OpenAI announced that it will hold its first developer conference, OpenAI DevDay, in San Francisco on November 6. Offline registration applications will be open in a few weeks. In addition, the conference will also broadcast the keynote speech simultaneously.
ether.fi will launch its mainnet on November 6, with a focus on integration with DeFi protocols
Odaily Planet Daily News: The non-custodial liquidity staking platform ether.fi is scheduled to launch the mainnet on November 6. Users can first register to join the whitelist. Early eETH stakers will receive loyalty points, and once the restaking service is launched, they can get higher staking rewards.
In addition, ether.fi said it plans to focus on integration with DeFi protocols, and ongoing partners include Balancer, Aura, Gravita Protocol, Maverick Protocol, Pendle and other protocols.
Fixed-rate lending agreement Notional Finance will launch V3 version on November 6
Odaily Planet Daily News: Fixed-rate lending agreement Notional Finance announced on the X platform that it will launch version V3 on Arbitrum on November 6, and will provide 2 million NOTE incentives to liquidity providers. In addition, version V3 will add support for cbETH, ARB, RDNT and GMX as collateral. After the launch of version V3, more leveraged vaults using Balancer and Aura will be added.
Paradigm-backed DAO solution Utopia will stop all services on November 6
Odaily Planet Daily News DAO solution Utopia announced that it will stop all services on November 6, and the product will be free to use until the end of this month. The project emphasized in the announcement that this action does not mean closing the company, but abandoning existing products and existing directions.
It is reported that Utopia is the salary, expense and operations management provider for DAOs, which can simplify operations, manage payrolls and integrate financial reports. Previously, in June 2022, the project received US$23 million in financing led by Paradigm, with participation from Circle Ventures, Coinbase Ventures, Infinity Ventures Crypto, Distributed Global and others.
November 7
U.S. Senators urge IRS to accelerate plans to combat crypto tax fraud, set for November 7 hearing
Odaily Planet Daily News: A group of senators led by Democratic Senator Elizabeth Warren and Independent Senator Elizabeth Warren are urging U.S. tax officials to advance the start date for cryptocurrency brokers and exchanges to report customer transaction information to the government.
So far, the IRS and Treasury Department have received more than 90 comments on the plan. The debate is likely to feature heavily in a public hearing, which the administration has scheduled for Nov. 7. (Bloomberg)
OP Goerli and OP Sepolia will undergo Canyon upgrades, nodes are advised to prepare before November 7
Odaily Planet Daily News: OP Labs officially announced on the X platform that the Canyon network upgrade of OP Goerli and OP Sepolia is scheduled to be carried out at 17:00 UTC time on November 14 this year (1:00 Beijing time on November 15).
These versions will lay the foundation for future iterations of the Hyperchain, and node providers and OP Chain operators are advised to upgrade their testnet nodes before November 7 to ensure that the nodes are ready for the network upgrade later this month.
SSV Network has started voting on the "Incentive Mainnet Plan" proposal, and the results will be released on November 7
Odaily Planet Daily News Snapshot voting interface shows that SSV Network’s “Incentive Mainnet Plan” proposal has started voting, with the current support rate reaching 100%, and will end on November 7.
Animoca Brands subsidiary GAMEE’s GameFest NFT on Arc 8 will be available for mining on November 7
Odaily Planet Daily reported that the OpenSea page showed that the GameFest NFT launched by Arc 8, a digital arcade platform created by Animoca Brands subsidiary GAMEE, will be open for mint at 1:00 on November 7, Beijing time, and will start public issuance at 1:00 on November 8, priced at 0.01 ETH, and a single address is limited to purchasing a maximum of 50 pieces.
November 8
Reddit to shut down blockchain-based community points program on November 8
Odaily Planet Daily News Reddit will shut down its blockchain-based community points program on November 8. Reddit said that although there are some opportunities in the program, the resources required are too much to sustain. In addition, changes in the regulatory environment have exacerbated this dilemma. The team has launched or is actively developing some products that are easier to adopt.
It is reported that Community Points was first launched in 2020 to reward users for constructive activities in certain sub-forums, such as obtaining a large number of comments or upvotes on posts, with the aim of increasing user engagement. The points users earn are ERC-20 tokens stored in the Reddit Vault crypto wallet.
Affected by this news, the price of Reddit community tokens plummeted. The native token MOON of the Reddit r/CryptoCurrency sub-forum fell by 86.8% in 24 hours, the native token BRICK of the r/FortNiteBR sub-forum fell by 58.8% in 24 hours, and the native token DONUT of the r/ethtrader sub-forum fell by 57.2% in 24 hours. (CoinDesk)
The public chain project Shardeum white paper will be released on November 8
Odaily Planet Daily News: WazirX co-founder Nischal Shetty posted on the X platform that the public chain project Shardeum white paper will be released on November 8 by the project's technical co-founder Omar Syed.
Decentralized open source instant messaging platform Status: will release new brand and new website in 7 days
Odaily Planet Daily News: The decentralized open source instant messaging platform Status stated on its social platform on November 1 that it will release a new brand and new website after the 7th (November 8).
UniSat Wallet: Transfer issues are being fixed, brc 20-swap withdrawal launch time delayed to November 8
Odaily Planet Daily reported that UniSat Wallet posted on the X platform that it is fixing the transfer problem. Engineers are working hard to resolve the transfer problem that affected a small number of wallet users who were trading during the recent reorganization a few hours ago. In view of the current situation, the withdrawal start time of brc 20-swap has been delayed to November 8.
Adidas and Bugatti collaborate to launch limited edition football shoes equipped with digital twins, which will be available on November 8
Odaily Planet Daily News: Adidas and luxury car manufacturer Bugatti announced a joint auction on their Web3 platform for 99 pairs of football shoes equipped with digital twins. They will be on sale from November 8th to 11th. The limited edition shoes are available in black and blue and are inspired by early Bugatti Grand Prix cars.
The auction will be conducted using cryptocurrency, but potential buyers will still be able to bid in traditional currencies using MoonPay. (The Block)
ACT Games' Zoids Wild Arena will migrate to Ronin Network on November 8
Odaily Planet Daily News: Sky Mavis, the developer of the blockchain game Axie Infinity, has reached a cooperation with the Korean game developer ACT Games, and plans to introduce all of ACT's games into the Ronin Network.
Sky Mavis will help ACT migrate its Android and PC trading card game (TCG) Zoids Wild Arena to the Ronin Network. Zoids Wild Arena was originally launched on Polygon and is scheduled to migrate on November 8. (Decrypt)
November 9
Binance will remove multiple leveraged trading pairs including ADA/BUSD, AVAX/BUSD on November 9
Odaily Planet Daily News: According to the official announcement, Binance Leverage will remove ADA/BUSD, AGIX/BUSD, APE/BUSD, AVAX/BUSD, BAKE/BUSD, BCH/BUSD, DOGE/BUSD, DOT/BUSD, FIL/BUSD, FRONT/BUSD, GALA/BUSD, LINK/BUSD, LTC/BUSD, LUNA/BUSD, LUNC/BUSD, MATIC/BUSD, OP/BUSD, RUNE/BUSD, SHIB/BUSD, TRB/BUSD, USTC/BUSD, XLM/BUSD, and YGG/BUSD full-position leverage and isolated leverage trading pairs at 14:00 on November 9, 2023 (Eastern Time).
OKX will adjust the upper limit of a single limit order to 20 million USD at 16:00 on November 9 (UTC+8).
According to the official announcement, in order to improve the performance of the trading system and protect the market, OKX will add a USD value limit for a single limit order at 16:00 (UTC+8) on November 9, 2023. Limit orders greater than this limit will fail to place. The single limit order limit for all trading product types (currency, leverage, delivery, perpetual, options) is uniformly adjusted to 20,000,000 USD.
According to OKX, if there are pending orders that are larger than the limit, they need to be adjusted in time to avoid order failures. Among them, API users will receive the error code "51185" when placing orders in excess. Users will see the error message "The value of a single limit order cannot exceed 20,000,000 USD" on the front end. RFQ and Nitro Spreads orders are not subject to the new restrictions.
November 10
The EU will collect data to prove that the cryptocurrency PoW mechanism "severely" harms the environment. The bidding for this study will end on November 10
Odaily Planet Daily News: The European Commission issued a tender contract worth 800,000 euros (about 842,000 US dollars) on Tuesday to mitigate the "significant harm" of cryptocurrency to the environment. The study, which will close the bidding on November 10, will develop standards and incorporate potential future EU policies to curb the impact of cryptocurrency on climate change and develop new energy efficiency labels for blockchain.
The European Commission said in its tender document that "there is evidence that crypto assets can cause significant damage to the climate and the environment" and could undermine the EU's goals to cut greenhouse gas emissions, suggesting that new sustainability standards laws may be adopted in the future.
EU lawmakers are concerned about the energy-intensive PoW consensus mechanism that underpins blockchains like Bitcoin. The EU study, to be completed within a year, will examine green issues such as cryptocurrencies' use of water, waste, natural resources and energy. (CoinDesk)
Binance Liquidity Mining will remove liquidity pools such as AGIX/USDT and ALGO/USDT on November 10
According to the official announcement, Binance Liquidity Mining will remove the following liquidity pools at 12:00 on November 10, 2023 (Eastern Time Zone 8). Including: AGIX/USDT, ALGO/USDT, ANT/USDT, BNB/USDC, CFX/USDT, DAR/USDT, ETC/USDT, FET/USDT, GAL/USDT, GRT/USDT, LDO/BTC, LDO/USDT, MAGIC/USDT, NEAR/USDT, NEO/ETH, OP/BTC, OP/USDT, SAND/USDT, SC/USDT, SUSHI/USDT, UNI/USDT, WRX/USDT.
If the user still holds a position in the above liquidity pool, the system will automatically return the assets to the user's spot wallet at 12:00 on November 10, 2023 (Eastern Time 8).
Nov. 11
None
Odaily Planet Daily Note: The SEC originally planned to make a decision on ARK 21 Shares' Bitcoin ETF before November 11, but the deadline has now been postponed to January 10, 2024.
November 12
Aptos will unlock 20 million APT on November 12, accounting for more than 8.5% of the circulating supply
According to Odaily Planet Daily, Token Unlocks data shows that Aptos will unlock 20 million APT tokens (about $103 million at current prices) at 0:00 UTC on November 12 (8:00 Beijing time on November 12), equivalent to more than 8.5% of the Aptos circulating supply of 235.02 million. This will be the first unlocking for the team and investors.
The number of APT tokens unlocked in November is equivalent to 112% of the average daily trading volume over the past 30 days, according to research firm The Tie. The research firm said earlier this year that the release of liquidity, or liquidity accounting for more than 100% of average daily trading volume, tends to move prices.
The Tie said: "These unlocks will be made on a monthly basis and will coincide with the monthly staking reward unlocks (5.83 million APT or 32% of average daily trading volume, increasing to 6.15 million APT in December). In addition, 4.62 million APT has been unlocked monthly for the community and foundation since last year." (CoinDesk)
Others (specific time not yet determined)
Polygon Village will relaunch next week
Odaily Planet Daily News Polygon Labs published a post on the X platform stating that Polygon Village will be relaunched next week. Previously, Polygon announced the launch of the Polygon Village plan, which aims to provide a full-stack ecosystem for developers to build and grow. dApps can get all the help they need to build on Polygon.
