Token unlocks, regulatory updates, and innovative projects dominate this week’s blockchain highlights—don’t miss out!
Token Unlocks
Dora Factory (DORA) will unlock approximately 28.57 million tokens on December 2 at 12:00 a.m. UTC, accounting for 2.86% of the circulating supply, with an estimated value of $3.5 million;
Ethena (ENA) will unlock approximately 12.86 million tokens on December 4 at 7:00 a.m. UTC, accounting for 0.45% of the circulating supply, with an estimated value of $10.5 million;
Eigenlayer (EIGEN) will unlock approximately 1.29 million tokens on December 3 at 7:00 p.m. UTC, accounting for 0.69% of the circulating supply, with an estimated value of $4.9 million;
Taiko (TAIKO) will unlock approximately 9.29 million tokens on December 5 at 12:00 p.m. UTC, accounting for 11.38% of the circulating supply, with an estimated value of $20.9 million;
Delysium (AGI) will unlock approximately 8.57 million tokens on December 5 at 12:00 a.m. UTC, accounting for 0.67% of the circulating supply, with an estimated value of $2.1 million;
Everclear (NEXT) will unlock approximately 20.11 million tokens on December 5 at 12:00 a.m. UTC, accounting for 18.82% of the circulating supply, with an estimated value of $2.6 million;
Cardano (ADA) will unlock approximately 18.53 million tokens on December 6 at 12:00 a.m. UTC, accounting for 0.05% of the circulating supply, with an estimated value of $19.8 million;
Cetus Protocol (CETUS) will unlock approximately 8.33 million tokens on December 6 at 12:00 a.m. UTC, accounting for 1.37% of the circulating supply, with an estimated value of approximately $3.1 million.
CBOE to Launch First Spot Bitcoin Cash-Settled Options on December 2
The Chicago Board Options Exchange (CBOE) announced plans to launch its first cash-settled options tied to Bitcoin spot prices on December 2. These options will be listed exclusively on CBOE's platform and regulated by the SEC. The options will be based on a new Bitcoin ETF index, offering traders an efficient way to engage with Bitcoin spot prices without directly holding the asset.
Movement Network Foundation Announces MoveDrop Airdrop Program, Registration Ends by December 2 at 2:00 PM UTC
The Movement Network Foundation has announced the MoveDrop airdrop program, aimed at rewarding early users and community members of the Movement Network. The MoveDrop program will allocate 1,000,000,000 $MOVE tokens, equivalent to 10% of the total supply, to the community. Eligible participants include:
● Road to Parthenon participants
● Battle of Olympus winners
● Gmovers
● Designated community members
● Movement testnet contributors
Users can register for the MoveDrop program on the official website, with the registration deadline set for December 2, 2024, at 2:00 PM UTC (10:00 PM Beijing Time). After the Token Generation Event (TGE), participants will be able to check their eligibility and claim their airdropped $MOVE tokens. Failure to register by the deadline will result in the forfeiture of the airdrop eligibility.
Participants can choose to claim their $MOVE tokens on the Ethereum mainnet or wait until the Movement Network mainnet launches (soon to be live). Opting for the latter will grant a 1.25x reward multiplier. The Movement Network Foundation also mentioned plans to distribute additional $MOVE tokens in future events.
Anzen Finance to Begin Public Sale of ANZ Tokens on December 2
Anzen Finance, the issuer of RWA stablecoin USDz, announced details of its governance token ANZ. The total supply is 10 billion, with 10.7% circulating initially. Public sales will commence on December 2 via Fjord Foundry and Starship.
Fox Business: New York Regulators to Approve Ripple’s Stablecoin RLUSD, Launch Expected on December 4
According to FOX Business, citing insider sources, New York's top cryptocurrency regulator is set to approve cross-border payment company Ripple to issue a new stablecoin, RLUSD. The sources revealed that the New York Department of Financial Services (NYDFS) has informed Ripple of its intent to approve the product, which the company plans to launch on December 4.
If approved, Ripple will be authorized to offer its RLUSD stablecoin to the public legally, positioning the company as a major player in the regulated digital financial market and the broader stablecoin ecosystem in New York.
Japanese Crypto Exchange Coincheck Expected to Go Public in the US via SPAC Merger in December, Shareholder Meeting Set for December 5
Japanese brokerage and cryptocurrency exchange operator Monex Group announced that its subsidiary, Coincheck Group BV (CCG), has had its registration statement (Form F-4) with the U.S. Securities and Exchange Commission (SEC) declared effective as of November 12, significantly advancing the process of listing the crypto exchange on the Nasdaq.
According to the announced timeline, Thunder Bridge Capital Partners IV (THCP), the special purpose acquisition company (SPAC) involved in the merger, will hold a shareholder meeting on December 5, with the merger expected to close around December 10. Shares of CCG, under the ticker symbol CNCK, are expected to begin trading on Nasdaq the following business day after the merger is finalized.
This public listing for Coincheck is being achieved through its merger with THCP, which was first announced in March 2022. Initially slated for completion in the second half of 2022, the process has undergone three contract amendments in May 2023, May 2024, and October 2024, before finally receiving SEC approval.
Farcaster to Release Feature-Rich Update on December 6
The founder of the decentralized Web3 social protocol Farcaster, Dan Romero, has provided detailed insights into the upcoming updates for Frames, which previously drove a 400% surge in protocol users within just one week.
Romero explained the Frames v2 specification on X, stating: "The new Frame standard will support interactive applications, on-chain transactions, and user notifications, paving the way for many new types of social applications." Additionally, in another post linking to the Frames v2 developer preview, Romero noted, "We’ve significantly improved transaction and message-signing reliability and speed on mobile devices using the Mobile Wallet Protocol and Rainbow."
Romero emphasized that the new Frames specification was launched on November 27 for web and mobile platforms, with a more feature-rich update set to roll out on December 6. According to the full specification on GitHub, a fully stable version is expected in January or February 2025.
