An overview of the most noteworthy industry events and important project developments in the upcoming week.
Ripple stablecoin RLUSD is expected to be approved for launch on December 4.
Cboe will launch the first cash-settled index options related to spot Bitcoin on December 2.
The privacy public chain Namada will launch its mainnet on December 3.
The Block and Foresight Ventures will host the Web3 summit 'Emergence' at the Prague Conference Center in the Czech Republic from December 5 to 6.
JTO worth approximately $518 million will be unlocked on December 8.
This week (December 2 - December 8, 2024), major Web3 events should not be missed. Below is a preview of this week's highlights:
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Important events
According to FOX Business citing informed sources, the New York Department of Financial Services has indicated it will approve Ripple's stablecoin RLUSD, which the company plans to launch on December 4. If approved, Ripple will be able to legally offer RLUSD to the public, making it a major player in New York's regulated digital financial market and the broader stablecoin ecosystem.
The Chicago Board Options Exchange (Cboe) will launch the first cash-settled index options related to spot Bitcoin on December 2, based on the new Cboe Bitcoin US ETF index. These options will be regulated by the SEC, and in addition to cash settlement, these index options will also offer European-style exercise.
The South African FSCA has not yet restored the license of South African exchange Banxso, and a re-examination is tentatively scheduled for December 4. Banxso's financial services provider license was temporarily revoked in October. The FSCA noted that Banxso is suspected of using deepfake technology for advertising and employing aggressive sales tactics, promising unrealistic returns to customers, resulting in significant losses for many customers.
Project progress
The registration deadline for the MoveDrop airdrop of Movement is December 2, 2024, at 20:00. Registered users can check their MoveDrop eligibility and claim airdrops after TGE (coming soon). Late registration will result in the loss of MoveDrop eligibility. MoveDrop will allocate 1 billion MOVE (10% of total supply) to the community, with eligible users including: Road to Parthenon participants, Battle of Olympus winners, Gmovers, designated communities, and Movement testnet builders.
RWA stablecoin USDz issuer Anzen Finance will conduct a public sale of ANZ on Fjord Foundry and Starship on December 2, while Anzen's first community airdrop will also take place.
The DAR token recharge for the Web3 gaming open infrastructure DAR Open Network will stop on December 2 in preparation for the launch of the D token.
The privacy public chain Namada will launch its mainnet on December 3, with the genesis of the mainnet (Phase 1) starting from December 3, allowing users to stake NAM to validators and vote on on-chain governance proposals.
Impossible Cloud Network will open whitelist node sales on December 3 and public node sales on December 5.
OKX will delist the GFT perpetual contract at 16:00 on December 3 and the GFT/USDT leveraged trading pair on December 2.
The AI agent Clanker from the Base ecosystem will start user profit-sharing claims on December 4. The official stated that when Clanker deploys tokens, a Uniswap V3 pool with a 1% fee will be launched on Base. When each token is traded, 1% of each swap in this pool will be charged and distributed as rewards, with 60% of the swap fees allocated to the protocol party (Clanker) and 40% to the requester (the user requesting Clanker to deploy tokens). For tokens deployed before November 14, 2024, the profit-sharing ratio will be 75% and 25%.
The film platform Gala Film under game studio Gala Games will launch the FILM token on December 5. The FILM token is a utility token in the Gala Film ecosystem, used to support groundbreaking films, produce film projects, and connect with creators.
The Web3 game distribution infrastructure MATR1X will release important news on December 5, related to veMax, possibly hinting at the opening of MAX staking functionality.
The decentralized AI platform SingularityNET is offering a $40,000 grant, with applications closing at 20:00 on December 8, seeking the development of a multi-party escrow (MPE) system based on Cardano to provide secure on-chain payments and flexible payment channels for AI service transactions.
Event preview
The 2024 Taipei Blockchain Week (TBW 2024) hackathon supported by the Solana Foundation officially started online on November 11 and will continue until December 4.
The Solana ecosystem decentralized exchange Jupiter announced its first Chinese offline event in collaboration with ApePro on December 4 at 19:00 in Hong Kong, with Jupiter co-founder Siong Ong confirming attendance.
India Blockchain Week will be held in Bangalore, India from December 4 to 5, 2024.
W3N 2024 will be held in Estonia from December 4 to 5, focusing on Web3, artificial intelligence, and digital art.
The Block, in collaboration with Foresight Ventures, will host the Web3 summit 'Emergence' at the Prague Conference Center from December 5 to 6. The summit will facilitate connections between technology and capital, bridging Wall Street and the crypto space. It will gather representatives from various industries and chains to discuss ETF and asset management, as well as uncertainties in crypto regulation. Through its collaboration with Foresight Ventures, Emergence will provide participants with insights into driving the development of cryptocurrencies in Asia and bridge the gap between Eastern and Western capital and talent.
The parallel blockchain Monad will hold the second phase of the Madness competition in Seoul, South Korea from December 6 to 8.
The IOV2055 seminar: India chapter will be held in Bangalore, India on December 7, focusing on India's influence in the Asian Web3 industry.
Token unlock
According to Token Unlocks data, this week will see a significant one-time large token unlock for JTO, ADA, and ENA, totaling over $500 million in value.
Jito (JTO) will unlock 135 million tokens worth approximately $518 million at 0:00 on December 8, accounting for 103.03% of the circulating supply.
Taiko (TAIKO) will unlock approximately 9.29 million tokens worth about $20.9 million at 20:00 on December 5, accounting for 11.38% of the circulating supply.
Cardano (ADA) will unlock 18.53 million tokens worth approximately $21.31 million at 8:00 on December 6, accounting for 0.05% of the circulating supply.
Ethena (ENA) will unlock 12.86 million tokens worth about $10.61 million at 15:00 on December 4, accounting for 0.45% of the circulating supply.
Bitget Token (BGB) will unlock 5.38 million tokens worth approximately $8.6 million at 8:00 on December 10, accounting for 0.38% of the circulating supply.
Eigenlayer (EIGEN) will unlock approximately 1.29 million tokens worth about $4.9 million at 3:00 on December 4, accounting for 0.69% of the circulating supply.
Dora Factory (DORA) will unlock approximately 28.57 million tokens worth about $3.5 million at 8:00 on December 2, accounting for 2.86% of the circulating supply.
Cetus Protocol (CETUS) will unlock approximately 8.33 million tokens worth about $3.1 million at 8:00 on December 6, accounting for 1.37% of the circulating supply.
Everclear (NEXT) will unlock approximately 20.11 million tokens worth about $2.6 million at 8:00 on December 5, accounting for 18.82% of the circulating supply.
Staika (STIK) will unlock approximately 1.57 million tokens worth about $2.4 million at 8:00 on December 4.
Delysium (AGI) will unlock approximately 8.57 million tokens worth about $2.1 million at 8:00 on December 5, accounting for 0.67% of the circulating supply.
Proposal voting
The ZKsync community has submitted the [ZIP-002] proposal on-chain, proposing to reduce the execution delay from 21 hours to 3 hours. The voting for ZIP-002 will start at 21:12 on December 2. ZIP-002 aims to enhance transaction finality under the supervision of the newly established council while maintaining security.
The voting on the proposal by the Aave community to change the Aave instance strategy will end on December 3. The proposal suggests discontinuing the Etherfi mainnet instance and reformatting the instance model in the Ethereum mainnet Aave ecosystem.
The voting for the proposal to establish a dedicated media company Bored Global for the Bored Ape Yacht Club by ApeCoin DAO will end on December 5. The Bored Global application is a token-gated platform designed to meet the structure of the BAYC club, with a requested approval amount of $862,500.
The voting on the proposal by Arbitrum DAO to allocate funds for designing and operating a reporting and information function will end on December 7, aiming to enhance the transparency and efficiency of the DAO.
