Organized by: Fairy, ChainCatcher

Key news:

  • Taiwan will implement a registration system for virtual asset service providers ahead of schedule starting November 30.

  • Sonic will take a snapshot of wallets holding six different Sonic Shards on December 1.

  • The Federal Reserve will release the minutes of the November monetary policy meeting on November 27.

  • Cryptocurrency exchange Fairdesk announced it will close on November 30.

  • WCT claiming and staking will go live on November 26.

  • HashKey Group's ecological token HSK will officially launch on November 26.

November 25 (Monday)

Coinbase announced that it will stop supporting direct deposit of wages into cryptocurrency starting November 25.

Coinbase announced that it will stop supporting the direct deposit of wages into cryptocurrency (Direct Crypto Paycheck) starting November 25. The company advises users to remove their Coinbase accounts from their wage accounts to avoid delays in receiving wages.

A Coinbase spokesperson told Decrypt that the company has decided to gradually phase out this feature but plans to launch a more optimized retail direct deposit experience in the future. The new feature, called 'Coinbase Wallet Direct Deposit', will be rolled out to eligible users in the coming months, allowing customers to receive wages directly in cryptocurrency and deposit them into their Coinbase wallet.

This decision has caused dissatisfaction among users, many of whom rely on this feature for regular cryptocurrency investments, expressing their disappointment on social media. Coinbase's support team acknowledged that service interruptions can cause limitations but hopes this will lead to long-term improvements.

Currently, Coinbase has not announced the specific launch date for its new wallet service, which may lead to a service gap between the deactivation of current functionalities and the activation of new ones.

SSV Network: Plans to upgrade the mainnet Alan on November 25.

The Ethereum staking infrastructure SSV Network officially announced on the X platform that it will conduct the Alan upgrade on the mainnet at block height 327,375, around 8:00 PM on November 25. This upgrade will bring various performance and scalability enhancements, significantly reducing resource consumption such as CPU time and bandwidth.

Zircuit: Will lift the transfer restrictions on ZRC tokens and plans to launch important product updates.

Layer2 project Zircuit officially announced that it will lift transfer restrictions on ZRC tokens on November 25 and plans to launch important product updates.

South Korea plans to implement a 20% cryptocurrency tax starting early 2025, and the Democratic Party plans to vote on this in the parliamentary tax subcommittee on November 25 and at the plenary session on November 26.

(Seoul News) Reports indicate that the ruling party in South Korea plans to advance the cryptocurrency gains tax plan starting early 2025 instead of approving further delays.

Initially, a 20% tax on cryptocurrency gains (plus local tax of 22%) was scheduled to take effect on January 1, 2022. Due to strong opposition from investors and industry experts, the plan has been postponed twice to January 1, 2025. According to local media, despite discussions and proposals for further delays, one suggestion is to implement it starting in 2028, but the Democratic Party of Korea (DPK) remains committed to implementing the tax plan on time.

However, the party is modifying the plan to raise the income tax exemption limit for cryptocurrency gains below 2.5 million won (1,795 USD) to 50 million won (35,919 USD). The Democratic Party plans to vote on this in the parliamentary tax subcommittee on November 25 and at the plenary session on November 26.

November 26 (Tuesday)

WCT claiming and staking will go live on November 26.

WalletConnect founder and CEO Pedro Gomes stated on social media that WCT claiming and staking will go live on November 26.

Bitcoin ecological public chain Side Protocol: The registration for the genesis airdrop of the SIDE token will open on November 26.

The Side Protocol publicizes the rules for the genesis airdrop of 100 million SIDE tokens to eligible users, which include:

  • Bitcoin active users (network spending greater than 0.005 BTC)

  • NFT Community: Pudgy Penguins, Milady, Mad Lads, Bitcoin Puppets, NodeMonkes, Ordinal Maxi Biz, Bitcoin Frogs, Pizza Ninja, Quantum Cats, Runestone, Bad Kids, Celestine Sloth

  • ATOM stakers and public goods

  • Testnet point users, etc.

Airdrop registration will officially start at 6:00 PM Beijing time on November 26, 2024, with the event adopting a first-come-first-served mechanism. Each address will receive generous rewards without any staking operation, completely free of charge. Users can check the airdrop through the genesis.side.one website.

It is reported that the Side Protocol is jointly developed by former members of the core team of Chainspace and early members of Binance Labs. This is a high-performance L1 public chain that is fully compatible with Bitcoin and supports various innovative products such as native Bitcoin lending.

HashKey Group's ecological token HSK will officially launch on November 26.

HashKey Global announced that it will soon launch HashKey Token (HSK). HSK, as the ecological token of HashKey Group, will carry the value of the entire HashKey ecosystem and attract broad participation from the global Web3 community. HashKey Global will open for deposits on November 7 and officially start HSK/USDT spot trading on November 26.

Starknet mainnet STRK staking function will be enabled on November 26.

The Ethereum Layer 2 network Starknet officially announced that the STRK token staking function will launch on the mainnet on November 26. This function has been extensively tested on the Sepolia testnet and is about to enter the first phase of deployment.

According to the official announcement, there are two ways to participate in staking: to become a validator, one must stake at least 20,000 STRK and run a full node; to become a delegator, one only needs to hold STRK tokens and choose from the available validator list. Whether a validator or a delegator, unstaking requires a 21-day lock-up period.

November 27 (Wednesday)

The Starknet mainnet will upgrade to version v0.13.3 on November 27.

Starknet tweeted that its mainnet will upgrade to version v0.13.3 on November 27. At that time, the Blob Gas price on Starknet will be five times cheaper. Some node operators running Juno instances need to upgrade to version v0.12.4 to synchronize with blocks v0.13.3; if using Pathfinder > v0.14.2, no action is needed.

The Federal Reserve released the minutes of the November monetary policy meeting.

The Federal Reserve will release the minutes of the November monetary policy meeting at 3:00 on November 27.

November 28 (Thursday)

ZetaChain is launching a 10 million ZETA validator delegation plan, applications close on November 28.

ZetaChain announced its validator delegation plan will delegate 10,000,000 ZETA, aimed at supporting its ecological partners, helping to protect and develop this universal blockchain. Limited to 15 validators, applications close on November 28, 2024.

OKX will launch MAJOR (Major) spot trading on November 28.

According to the official announcement, OKX will launch MAJOR (Major) spot trading. The opening time for MAJOR/USDT spot trading is 8:00 PM on November 28 (UTC+8).

Major is a Play to Earn game on Telegram, and the MAJOR token will be used in the game mechanics and to lease Telegram usernames and phone number NFTs.

November 30 (Saturday)

Cryptocurrency exchange Fairdesk announced it will close on November 30.

Singapore-based cryptocurrency exchange Fairdesk recently announced that it will permanently close all services on November 30, 2024. Customers need to clear their accounts by October 17, at which point futures and spot positions will be closed, and the platform will only retain withdrawal functionality, which will continue until November 30.

Ethena will finalize the parameters for activating the fee switch before November 30.

The Ethena Foundation announced that the proposal 'Enable ENA Fee Conversion' put forward by Wintermute has been approved by the Risk Committee. The foundation will work with the Risk Committee to finalize the parameters for activating the fee switch before November 30, and the specific implementation mechanism will be announced later.

Taiwan will implement a registration system for virtual asset service providers ahead of schedule starting November 30.

According to reports from Juheng.com, Taiwan will implement a registration system for virtual asset platforms and trading businesses (VASP) ahead of schedule starting November 30 this year. The head of Taiwan's Financial Supervisory Commission recently pointed out that 26 companies have obtained compliance declarations for anti-money laundering laws, and there are still 20-30 applications in progress. The head of Taiwan's Inspection Bureau stated that inspections have already been conducted on four companies, mainly discovering four types of deficiencies, and inspections will be conducted on six VASP practitioners in November and December this year.

December 1 (Sunday)

Sonic will take a snapshot of wallets holding six different Sonic Shards on December 1.

Sonic Labs announced that on December 1 at 8:00 PM Beijing time, it will take a snapshot of wallets holding six different Sonic Shards. Once the chain is online, all eligible wallets will be whitelisted for minting exclusive NFTs on Sonic to earn points for the upcoming airdrop of approximately 200 million S.

Shards obtained through secondary markets (such as PaintSwap) will also be eligible, provided they are held before the snapshot date. The team will reveal the exclusive NFT design close to the minting release.