1. Binance HODLer airdrop launched the second phase project Thena (THE) link
Binance HODLer airdrop launched the second phase project Thena (THE), a DEX built on BNB Chain and opBNB providing liquidity. Binance will list Thena (THE) on November 27, 2024, at 18:00 (UTC+8), opening the trading pairs THE/BTC, THE/USDT, THE/BNB, THE/FDUSD, and THE/TRY. The seed label trading rules apply. After listing on Binance, THE price rose from $0.1682 to a peak of $4.1855, with the current price at $2.73 and a market cap of $883 million.
2. The TON Teleport BTC whitepaper has been publicly released link
The TON Teleport BTC whitepaper has been publicly released, outlining the basic principles, technical mechanisms, and future vision of tgBTC, exploring the architecture for a trustless cross-chain bridge between Bitcoin and TON. TON Teleport BTC is currently only operational on the testnet. The specific process is that users send BTC to a unique address associated with TON Teleport. After three confirmations on the Bitcoin blockchain, an equivalent amount of tgBTC will be issued on the TON blockchain. Users can then use tgBTC within the TON ecosystem or redeem it back by burning tgBTC, which will release BTC back to the user's Bitcoin address. Validators in TON rotate every 4 hours to ensure continuous security and decentralization. The TON Teleport BTC testnet will run until 2025, aiming for mainnet transition in the second quarter of 2025.
3. Telegram founder: Received a 1% donation of MAJOR from Major's founder, will not sell these tokens for the next 10 years link
Telegram founder Pavel Durov posted on his personal TG channel stating that the Major mini-program is one of my favorite success stories in the Telegram ecosystem. Major, launched by 27-year-old entrepreneur Roxman, has generated over $10 million in revenue and attracted 70 million users in just five months. I love Major because it quickly adopts new possibilities for the mini-program platform and adds features that feel naturally belonging to Telegram. I also admire Roxman, as I have been following him since he launched Fabrika and Major. Roxman generously donated 1% of MAJOR tokens to me, and I will not sell these tokens for the next 10 years. I heard that the Major team is preparing many innovations (such as username NFT leasing and digital ID). Tomorrow is a big day for them: MAJOR tokens will be listed on six major exchanges. I wish them good luck.
4. The Bitcoin staking platform Solv Protocol hints at an upcoming SOLV token TGE link
The Bitcoin staking platform Solv Protocol posted on social media, hinting at an upcoming SOLV token TGE aimed at further unleashing the potential of the BTC ecosystem. Previously, according to DefiLlama data, Solv Protocol's TVL once ranked first in the Bitcoin network, surpassing the Lightning Network.
5. Polkadot 2.0 is expected to launch in the first quarter of next year link
The parent company of Polkadot, Parity Technologies, announced that the official version of Polkadot 2.0 is expected to launch in the first quarter of 2025. A key feature of Polkadot 2.0, Elastic Scaling, is currently undergoing early testing on the Kusama network, supporting a single parachain to use multiple cores to enhance network performance.
6. Scroll co-founder Sandy Peng responds to external project doubts link
The team acknowledged shortcomings in communication regarding the airdrop design principles and plans to adjust through Session 2 in response to community feedback to rectify the oversight; regarding the team wallet, it was previously explained that the treasury is used to support core DeFi liquidity on Scroll, and the tokens in these wallets remain unclaimed, with negligible impact (approximately 0.00001%); a relatively lenient attitude was taken towards OTC before TGE to support early investors, which helps facilitate organic price discovery and reduce later selling pressure; regarding allowing team members to purchase tokens at the last round valuation, anyone who has operated a protocol knows this is impossible; the Scroll team is undergoing restructuring to align with the next development phase.
Previously, Movement Labs co-founder Rushi Manche accused the Scroll team of various issues that damaged the EVM L2 ecosystem's reputation, including: launching predatory incentive schemes that ultimately shifted the burden onto ordinary investors; other team members being forced to buy in at an $18 billion valuation while senior leadership sold off at the same time; the Scroll team directly allocating airdrop distributions to their own wallets to cash out, etc.
7. EigenLayer launched a decentralized governance platform EigenGov link
EigenLayer launched a decentralized governance platform called EigenGov, aimed at coordinating ecosystem participants such as EIGEN holders, AVS developers, operators, and stakers through a council network. Initial governance is managed by a council authorized by the community, responsible for protocol upgrades, reward management, and community grants, with EIGEN holders having final veto power. Governance adopts a dual-track development model: the core branch ensures robust operation, while the vision branch explores innovation. The Eigen Foundation will gradually incubate decentralized councils and optimize incentives, coordination, and accountability mechanisms to promote the continuous evolution of the governance model.
8. Ethena and Securitize announced collaboration to submit the USDtb stablecoin application link
Ethena and Securitize announced collaboration to submit the USDtb stablecoin application, participating in SkyEcosystem's $1 billion tokenization grand competition, proposing to support USDtb with BlackRock BUIDL as the main reserve asset. USDtb is the only stablecoin in the market that can be fully supported by BlackRock BUIDL. This proposal also plans to establish a swap mechanism between USDtb and USDe, allowing SkyEcosystem to achieve seamless redistribution between the two assets when adjusting its reserve asset allocation.
9. Hyperliquid airdrop goes live on Friday, total HYPE supply is 1 billion link
The decentralized derivatives trading platform Hyperliquid's native token HYPE's genesis event will go live on November 29 at 15:30 Beijing time. HYPE has a maximum supply of 1 billion tokens, distributed as follows: 38.888% for future emissions and community rewards; 31.0% allocated to the genesis distribution; 23.8% allocated to current and future core contributors; 6.0% for the super foundation budget; 0.3% for community grants; 0.012% allocated to HIP-2. Tokens will be issued over time, with 76.2% allocated to the community. Qualified participants in the genesis event will receive 310 million tokens, which will be fully unlocked. Unallocated tokens will be transferred to future emissions and community rewards. 60 million HYPE is allocated to the Hyper Foundation budget, 300 HYPE is allocated to grants, and 120,000 HYPE is allocated to Hyperliquidity (HIP-2). 388,880,000 unminted HYPE is reserved for future emissions and community rewards.
10. Ripple stablecoin RLUSD may be approved link
According to FOX Business, the New York Department of Financial Services (NYDFS) is expected to approve Ripple's issuance of its stablecoin RLUSD. If approved, Ripple plans to officially launch RLUSD on December 4, which aims to meet customer demand for low-volatility digital currencies while further promoting cross-border payments and remittance transactions. Previously, Ripple also established an RLUSD advisory council, including former FDIC chair Sheila Bair, former JPMorgan executive David Puth, and Ripple co-founder and executive chairman Chris Larsen.
