Week in Review

1. Data: DYDX tokens worth over $500 million will be unlocked this week.

🎉Comment: DYDX has unlocked a huge amount of tokens. The tokens are the team and investors’ tokens, so they should be pledged. But now they are secretly doing it. They say that the contract cannot be crashed without tokens, but they secretly transfer them to the exchange. Let’s see what the project side says later.

2. Important announcement from Binance: Binance will delist BTS, PERL, TORN, and WTC on December 7, 2023.

🎉Comment: Compliance has always been what Binance pursues. The coin TORN does not conform to the current logic of Binance's compliance, so it is reasonable to remove it from the shelves. After the announcement of the removal, the tokens collectively plummeted, and then collectively charged up the list of gains. Don't be confused. After a week of removal of these currencies, they will lose Binance, the largest liquidity market. It is not surprising that these tokens will slowly die.

3. Apple Vision Pro is about to go into mass production, with the first batch of about 400,000 units in stock.

🎉Comment: Apple's VR device has been preheated for a long time, and it is finally going to be mass-produced. The update of VR infrastructure is very beneficial to the Metaverse. These things are no longer castles in the air, but are supported by real equipment. Keep an eye on the status of new products.

4. Terra: Terraform Labs is not involved in Mint Cash in any capacity.

🎉Comment: It is very interesting. Terraform Labs said that it would not participate in mint cash in any capacity. However, since the collapse of Luna, the community has proposed various solutions but failed to save the Luna series. This new proposal, through the destruction of USTC by staking, and the protocol is also deployed on Lunc, makes the entire Luna series have new possibilities again. Moreover, the new contract itself is a dynamic game, and the leader is still the former developer. There is no reason for the Luna community not to support it. At this time, what Terraform, whose voice is already weak, says is not very important.

5. Kraken Chief Legal Officer: Plans to defend and respond to the lawsuit filed by the SEC in court.

🎉Comment: After Binance, another exchange is facing a lawsuit. For the industry, Binance's guilty plea can be seen as a turning point to accelerate compliance, and there may be more and more such lawsuits in the future. After two years of bankruptcy, insider trading and other chaos, nothing can get worse.