Token Unlocks
Venom (VENOM): Approximately 33.76 million tokens will be unlocked on November 25 at 08:00 UTC, representing 1.79% of the current circulating supply, valued at around $2.2 million.
Hooked Protocol (HOOK): About 4.17 million tokens will be unlocked on November 25 at 00:00 UTC, accounting for 2.05% of the circulating supply, with an estimated value of $2.3 million.
ApeX (APEX): Approximately 9.24 million tokens will be unlocked on November 26 at 00:00 UTC, representing 19.09% of the circulating supply, valued at around $17.8 million.
Ethena (ENA): About 12.86 million tokens will be unlocked on November 26 at 07:00 UTC, accounting for 0.45% of the circulating supply, with an estimated value of $7.8 million.
Yield Guild Games (YGG): Approximately 14.08 million tokens will be unlocked on November 26 at 14:00 UTC, representing 3.65% of the circulating supply, valued at around $8.6 million.
Eigenlayer (EIGEN): About 1.29 million tokens will be unlocked on November 26 at 19:00 UTC, accounting for 0.69% of the circulating supply, with an estimated value of $3.5 million.
Immutable (IMX): Approximately 24.52 million tokens will be unlocked on November 28 at 00:00 UTC, representing 1.47% of the circulating supply, valued at around $40.5 million.
Crown by Third Time Games (CROWN): About 4.63 million tokens will be unlocked on November 28 at 00:00 UTC, accounting for 2.11% of the circulating supply, with an estimated value of $1.7 million.
South Korea to Implement 20% Crypto Tax in 2025; Revised Bill to Be Voted on November 25
South Korea's ruling Democratic Party plans to implement a 20% tax on cryptocurrency gains starting in early 2025. The tax, originally set to take effect on January 1, 2022, was postponed twice due to opposition from investors and the industry. The revised plan increases the tax-exempt threshold from 2.5 million Korean won (approximately $1,795) to 50 million won (about $35,919). Additionally, the amendment allows taxpayers to declare a certain percentage of the sale price as the purchase cost when precise records are unavailable. The Democratic Party stated that raising the exemption limit will effectively exempt the majority of investors from taxation. The revised bill is scheduled for a vote in the National Assembly's tax subcommittee on November 25, followed by a plenary session on November 26.
Coinbase to Terminate 'Paycheck Direct Deposit' Service on November 25; New Features to Be Introduced
Coinbase announced that it will terminate its 'Paycheck Direct Deposit' service on November 25. This feature previously allowed users to receive part or all of their salary in cryptocurrency. In response to user dissatisfaction, a Coinbase spokesperson stated that the company plans to introduce a better retail direct deposit experience in the future. The new Coinbase Wallet direct deposit feature is set to roll out to eligible users in the coming months, aiming to help users fully manage their financial lives on-chain.
Starknet Mainnet to Enable STRK Staking on November 26
Ethereum Layer 2 network Starknet announced that it will launch the STRK token staking feature on the mainnet on November 26. This feature has undergone extensive testing on the Sepolia testnet and is entering the first phase of deployment. According to the official announcement, there are two ways to participate in staking: becoming a validator requires staking at least 20,000 STRK and running a full node; becoming a delegator only requires holding STRK tokens and selecting from the available validators. Both validators and delegators are subject to a 21-day lock-up period for unstaking.
HashKey Group's Ecosystem Token HSK to Launch on November 26
HashKey Group's ecosystem token HSK is officially set to launch on HashKey Global on November 26. HSK will be utilized across all HashKey business scenarios and will serve as the native token and gas token for the upcoming Layer 2 public chain, HashKey Chain, empowering long-term ecosystem growth.
Bitcoin Ecosystem Public Chain Side Protocol: SIDE Token Genesis Airdrop Registration Opens on November 26
Bitcoin financial public chain Side Protocol announced an airdrop, with registration opening on November 26 at 10:00 UTC. A total of 100 million SIDE tokens will be distributed. The airdrop covers multiple categories, including users who spent more than 0.005 BTC on the Bitcoin network between January 1, 2023, and November 1, 2024; NFT communities such as Pudgy Penguins, Milady, Mad Lads, Bitcoin Puppets, NodeMonkes, Ordinal Maxi Biz, Bitcoin Frogs, Pizza Ninja, Quantum Cats, Runestone, Bad Kids, and Celestine Sloth; ATOM stakers and public goods donors; and testnet point users. The airdrop tokens will be released gradually after the mainnet launch.
OKX to Delist LON/USDT and LON/USDC Trading Pairs on November 28
OKX will officially delist the LON/USDT and LON/USDC trading pairs on November 28 between 08:00 and 08:30 UTC. Users with open orders in these pairs are advised to cancel them before 08:00 UTC on November 28. If not canceled in time, the system will automatically execute the cancellation, which may take 1 to 3 business days.
Cryptocurrency Exchange Fairdesk Announces Closure on November 30
Singapore-based cryptocurrency exchange Fairdesk announced that it will permanently close all services on November 30, 2024. Customers are required to clear their accounts by October 17; futures and spot positions will be closed, and only withdrawal functions will remain available until November 30.
Taiwan to Implement Virtual Asset Service Provider Registration System Starting November 30
Taiwan will advance the implementation of the Virtual Asset Platform and Trading Business (VASP) registration system to November 30, 2024. The Chairman of the Financial Supervisory Commission (FSC) recently stated that 26 entities have already obtained anti-money laundering compliance declarations, with an additional 20 to 30 applications currently under review. The Director of the Investigation Bureau noted that inspections were conducted on four VASP operators last year, uncovering four main types of deficiencies. Plans are in place to inspect six more VASP operators in November and December of this year. oted that inspections were conducted on four VASP operators last year, uncovering four main types of deficiencies. Plans are in place to inspect six more VASP operators in November and December of this year.
OKX to Cease Withdrawals for FITFI, GARI, XPR, AKITA, TAMA, and WNCG on November 30
OKX platform officially delisted the trading pairs FITFI/USDT, GARI/USDT, XPR/USDT, AKITA/USDT, TAMA/USDT, and WNCG/USDT on August 30, 2024, between 08:00 and 08:30 UTC. Additionally, withdrawals for these tokens will be discontinued on November 30, 2024, at 08:00 UTC. Users are advised to manage their assets before this date to prevent potential losses.
