LXP is really exchangeable for tokens, not T-shirts.
Written by Alex Liu, Foresight News
Map: Kiet, Foresight News
Note: "Weekly Hot Searches" counts the user search results of Foresight News from last Friday to this Thursday (November 8 to November 14), and the capitalization of the same concepts is merged.
Linea will launch a token
The Ethereum Layer 2 network "Linea" developed by Consensys announced the establishment of the Linea Association at the Devcon conference in Bangkok, Thailand on November 13. The Linea Association is a non-profit organization based in Switzerland that aims to promote the growth and governance of Linea. The newly established association has three main goals: to support Linea technology, to develop the Linea market, and to further advance Linea's decentralized roadmap.
One of the core features of the Linea Association’s operations is token holder governance, which means that the Linea token will be launched at the end of Q1 2025. According to the plan, the Linea Association will be able to provide governance rights to token holders, allowing them to participate in certain activities of the Association, and the Association will be responsible for managing the core Linea intellectual property and treasury to support its mission.
Airdrop hunters may be able to exchange their LXP for Linea tokens! Previously, because Consensys is a US company with regulatory pressure, its products including Metamask have never issued tokens. There are even jokes that LXP can only be used to exchange T-shirts and other souvenirs. The author did not create an account because of PUA. Blessings to those friends who have persisted.
Small-cap memes skyrocket
With Binance announcing the launch of Act I: The AI Prophecy "ACT" and Peanut the Squirrel "PNUT" on November 11 and opening USDT spot trading pairs, the market value of these two memes skyrocketed in a short period of time. ACT rose more than 10 times in 10 minutes, and its market value soared from US$20 million to US$240 million.
The Formula News team spent 1,558 SOL (about $318,000) to buy 10.9 million ACTs 2.4 seconds after the release of the "Binance launches ACT and PNUT" announcement, making millions of dollars in profit. How did he do it? Recommended reading: Buy 2 seconds after the coin is listed, "news trading" makes tens of millions in 10 minutes?
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SUI remains popular on the hot search list. On November 14, SUI broke through 3.5 USDT, setting a new historical price high. What is the latest progress of its ecology?
Mysten Labs co-founder Adeniyi Abiodun published an article introducing the secure, multi-path, inter-domain routing architecture SCION, saying that its goal is to have the Sui mainnet running on SCION before the end of the year. Sui is the first Layer 1 project to run on SCION (now in the testnet).
Crypto.com App already supports Sui network native USDC.
Warped Games has selected Sui as the blockchain of choice for its upcoming Warped Universe game, an innovative multi-genre game that engages players in third-person real-time action, turn-based strategy, and base building. Built with Unreal Engine 5, the game will leverage Sui to give players the ability to own, trade, and monetize in-game assets.
Rooter, the founder of Solana’s eco-lending protocol Save (formerly Solend) and Sui’s eco-lending protocol Suilend, wrote on X that “We are developing 2 times faster on Sui than Solana.”
Sui ecological domain name service Sui Name Service announced that it has opened NS token airdrops.
Large-cap memes gain momentum again
Musk forwarded the Trump administration's announcement appointing him to lead the Department of Government Efficiency. The announcement mentioned "DOGE" twice, which caused the price of "Doge", the meme coin with the largest cryptocurrency market value, to soar, reaching 0.4 USDT several times during the week.
As Robinhood launched PEPE spot trading and Coinbase added PEPE to its coin listing roadmap, "PEPE" also rose to a record high.
More hot words
Binance Launchpool and pre-market trading will launch "Usual" (USUAL). Users can put BNB and FDUSD into the USUAL reward pool on the Launchpool website after 8:00 on November 15 to get USUAL. The activity will last for a total of 4 days. In addition, Binance pre-market trading will launch USUAL at 18:00 on November 19, and the USUAL/USDT trading market will be opened.
Blackrock's tokenized fund BUIDL will be launched on "Aptos".
"BTC" broke through 93,000 USDT on November 14, setting a new historical high.
"Devcon" 2024 will be held in Bangkok, Thailand from November 12 to November 15, 2024, and today is the last day. Devcon is an Ethereum conference for developers, thinkers, and makers. Its mission is to bring decentralized protocols, tools, and culture to people. Previous summits have been held in Berlin, London, Shanghai, Cancun, Prague, Osaka, and Bogota.
There are currently 280 peripheral activities. For more information, please see: A quick overview of the nearly 280 peripheral activities of Devcon 2024
