Next week's highlights
November 18
Magic Eden: The ME token economic model will be released on November 18th;
November 19
The BNB beacon chain will stop operating on November 19;
November 20
FTX and Alameda CEO Caroline Ellison will hold a settlement hearing on November 20;
FTX’s former executive Nishad Singh will be sentenced on October 30, and co-founder Gary Wang will be sentenced on November 20;
November 22
Fuel: Users must migrate their assets to Fuel Ignition before November 22, otherwise their first quarter points will be reset to zero;
Others (specific time undetermined)
Musk's xAI is raising $6 billion, which is expected to be completed next week;
Tether CEO: The first public customer and product information of Hadron, the asset tokenization platform, will be announced next week;
From November 18th to November 24th, more noteworthy events in the industry are previewed as follows.
November 18
Magic Eden: ME Token Economic Model to be Released on November 18
Odaily Planet Daily News: According to official news, the ME token economic model will be released on November 18.
November 19
US judge postpones Trump's "hush money" case trial to November 19
Odaily Planet Daily News According to a published document, New York State Judge Juan Mercan agreed to postpone the trial of the criminal case of "hush money" involving President-elect Trump until November 19. The Manhattan District Attorney in New York accused Trump of falsifying business records before the 2016 presidential election in late March last year to try to cover up the payment of $130,000 in "hush money" to an actress. Trump firmly denied all the allegations and did not admit to having an affair with the woman involved. (Jin Shi)
SpaceX's sixth Starship test flight is targeted for November 19
Odaily Planet Daily News: Elon Musk's SpaceX plans to conduct the sixth flight test mission of Starship at 16:00 Central Time on November 18, 2024 (6:00 Beijing Time the next day), with the first window period of about 30 minutes. The main goal of this test is to further verify the reusability of the Super Heavy booster and the upper stage of Starship. (Jinshi)
BNB Beacon Chain will stop running on November 19
Odaily Planet Daily News BNB Chain announced that the BNB beacon chain hard fork will take effect at 14:00 on November 19, 2024 (block height 384,544,850). Nodes on the BNB beacon chain mainnet must be updated to version 0.10.24. At that time, the BNB beacon chain will stop running and new transactions will no longer be processed.
BNB Chain said the decision is in line with the BNB Chain development project, a strategic plan to merge BNB Beacon Chain functionality with BNB Smart Chain (BSC) to simplify the network, reduce security risks, improve efficiency, and align BNB Chain’s architecture with growing technological needs and future growth.
November 20
FTX and Alameda CEO Caroline Ellison to hold settlement hearing on November 20
Odaily Planet Daily News FTX has filed a motion seeking approval for a settlement with Caroline Ellison, the former co-CEO of Alameda Research, that would leave her with "almost all of her remaining assets." The motion, filed on October 7, requests the court to authorize a settlement with Ellison, in which Ellison agrees to transfer any assets not seized by the government in his criminal case or used to pay legal fees to FTX creditors. The motion states that once the conditions are met, "Ellison will no longer have any assets other than certain physical personal property," but does not specify the value of the assets she will lose. A hearing on the proposed settlement is scheduled for November 20. (Cointelegraph)
FTX former executive Nishad Singh will be sentenced on October 30, and co-founder Gary Wang will be sentenced on November 20
Odaily Planet Daily News: Court records show that Nishad Singh, a former executive of the cryptocurrency exchange FTX, will be sentenced on October 30. He testified against FTX co-founder Sam Bankman-Fried, and another co-founder Gary Wang will be sentenced on November 20. (Jinshi)
MapleStory Universe: Second beta will start on November 20
Odaily Planet Daily News: MapleStory Universe announced on the X platform that the second test will be launched on November 20, and 5,000,000 NXPC tokens will be issued as rewards during the 10-day public test.
Web3 shooting game XOCIETY's new round of testing will be launched on November 20
Odaily Planet Daily News: Web3 shooting game XOCIETY announced on the X platform that a new round of game testing will be launched on November 20, and users can pre-register on the evening of November 12.
November 21
Dutch Crypto Tax Reporting Bill Consultation to End on November 21
Odaily Planet Daily News: The Netherlands has begun consultations on the Crypto Tax Reporting Bill and hopes to collect opinions from stakeholders before submitting the Crypto Tax Reporting Bill to the House of Representatives in the first half of 2025. The purpose of the bill is to increase transparency and prevent tax avoidance and evasion. It is reported that this consultation will end on November 21. (Coindesk)
Perpetual Contract Protocol Rage Trade will start RAGE airdrop distribution on November 21
Odaily Planet Daily News: The perpetual contract agreement Rage Trade will start RAGE airdrop distribution on November 21, 2024, and Rage Trade has launched the airdrop query page.
November 22
Fuel: Users must migrate their assets to Fuel Ignition before November 22, otherwise their first quarter points will be reset to zero
Odaily Planet Daily News Fuel official X posted that all users who participated in the pre-depositors points activity, if they want to keep the first phase of Fuel points, need to migrate their assets from the Ethereum mainnet to Fuel Ignition before 11:59 pm UTC on November 22. Users can also choose to migrate their assets after this deadline, but the first phase points will be reset. Regardless of the migration status, the second phase points will not be affected.
Earlier news, Fuel Labs announced the launch of the Fuel mainnet and the launch of the Ethereum L2 solution Fuel Ignition.
The Open League: $1.5 million airdrop for S6 event, S7 event now open for application until November 22
Odaily Planet Daily News: The Open League official posted on the telegram channel that the New Year special edition event is about to begin.
Previously, the S6 event airdropped $1.5 million to users in 20 days, with more than 20 projects participating. Highlights of the S7 event include: New Year Airdrop - for TON users, a single ranking based on transaction volume and the amount of liquidity provided to DeFi protocols; DeFi Alliance - divided into TVL ranking and transaction volume ranking, ranking projects based on their contribution to TVL or transaction volume.
Applications for the program are open now and close on November 22. The New Year season will run from November 27 to December 17.
November 23
None
November 24
None
Others (specific time undetermined)
Musk's xAI is raising $6 billion and is expected to be completed next week
Odaily Planet Daily News According to market news, CNBC disclosed that Elon Musk's artificial intelligence company xAI has raised up to $6 billion at a valuation of $50 billion. Sources said that the financing is expected to be completed early next week, with $5 billion coming from sovereign funds in the Middle East and $1 billion from other investors, some of whom may want to make additional investments. According to people familiar with the matter, the funds will be used to purchase 100,000 Nvidia (NVDA.O) chips to enhance the Memphis cloud cluster. Tesla's fully autonomous driving (FSD) is expected to rely on the new Memphis supercomputer. (Jinshi)
Tether CEO: The first public customer and product information of Hadron, the asset tokenization platform, will be announced next week
Odaily Planet Daily reported that Tether CEO Paolo Ardoino posted on the X platform that he plans to announce the first public customer and product information of the asset tokenization platform Hadron around the beginning of next week.
Tether announced yesterday the launch of Hadron by Tether, an asset tokenization platform designed to make asset tokenization more accessible than ever before, opening up new avenues for issuance, investment, and core capital market technologies for a wider audience (from institutions to fund managers, from governments to private companies).
It is reported that Hadron by Tether can be used to issue and manage the entire life cycle of digital tokenized assets, providing modularity, security, reliability and seamless user experience. In its control suite, the focus is on providing the most comprehensive set of tools for compliance, knowing your customer (KYC), anti-money laundering (AML), knowing your transactions, risk management and secondary market ecosystem monitoring.
Ethena founder: Two new exchanges will support USDe as collateral next week
Odaily Planet Daily News: Guy Young, founder of Ethena Labs, posted on the X platform that the supply of USDe has begun to show parabolic growth, with more than $700 million in new supply in the past three weeks, which has exceeded the total supply of PayPal's PYUSD or BUIDL. It is expected that the Aave integration announced today will provide billions of dollars in supply demand for USDe within the next month. In addition, the collateral listing of two new centralized trading platforms will be launched within the next week.
Bounce Brand and BounceBit will jointly auction Monet's authentic works with Seoul Auction House in South Korea Paysage
Odaily Planet Daily News According to official news, Bounce Brand and BounceBit, together with Seoul Auction Blue, a South Korean auction house in Seoul, are about to auction the original Paysage by Impressionist master Monet. This work is a representative work of classic Impressionist art, perfectly inheriting Monet's capture of light, shadow and nature. The painting is accompanied by a work status report and proof of origin provided by SeoulAuction Blue to ensure that it is authentic.
The auction will start next week and will be conducted on the Ethereum chain in the form of an English auction, with a starting price of $1,000 and final offline physical delivery. At the same time, to commemorate this auction, Bounce Brand will launch a special Memeory Coin (memecoin) to reward all bidders and $AUCTION and stBB holders. The winner will not only receive Monet's masterpieces and commemorative memecoins, but also experience exclusive benefits such as RWA lending on the BounceBit chain.
