Arrangement: Fairy, ChainCatcher
Key news:
Taiwan will implement the registration system for virtual asset service providers ahead of schedule on November 30
Sonic will take a snapshot of wallets holding six different Sonic Shards on December 1st.
The Federal Reserve will release the minutes of its November monetary policy meeting on November 27.
Cryptocurrency exchange Fairdesk announces it will shut down on November 30
WCT claiming and staking will be available on November 26
HashKey Group's ecological token HSK will be officially launched on November 26
Monday, November 25
Coinbase announced that it will stop supporting direct deposits of wages in crypto starting November 25
Coinbase announced that it will stop supporting the direct crypto paycheck feature starting November 25. The company recommends that users remove their Coinbase accounts from their payroll accounts to avoid delays in receiving their paychecks.
A Coinbase spokesperson told Decrypt that the company decided to phase out the 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 their wages directly in the form of cryptocurrency and deposit it into their Coinbase wallet.
The decision sparked user dissatisfaction, with many customers who relied on the feature for regular cryptocurrency investments expressing their disappointment on social media. The Coinbase support team acknowledged that the service outage does cause limitations, but hoped that it would lead to long-term improvements.
At present, Coinbase has not announced the specific launch date of the new wallet service, which may result in a service gap between the deactivation of current functions and the activation of new functions.
SSV Network: Mainnet Alan upgrade to be launched on November 25
The Ethereum staking infrastructure SSV Network officially issued a document on the X platform stating that it will conduct an Alan upgrade on the main network at block height 327,375, which will take place at approximately 20:00 on November 25. This upgrade will bring various performance and scalability upgrades, significantly reducing resource usage such as CPU time and bandwidth.
Zircuit: Will lift ZRC token transfer restrictions and plans to launch important product updates
Layer2 project Zircuit officially announced that it will officially lift the transfer restrictions on ZRC tokens on November 25, and plans to launch important product updates.
South Korea plans to implement a 20% crypto tax from the beginning of 2025, and the Democratic Party intends to vote on it in the Congressional Taxation Subcommittee on November 25 and in the plenary session of the Congress on November 26
(Seoul News) - South Korea’s ruling party intends to move forward with plans to tax cryptocurrency gains from early 2025, rather than approving a further delay, according to reports.
Initially, a 20% tax on cryptocurrency gains (22% plus local taxes) was set 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. Despite discussions and proposals for further postponement, including one suggesting implementation from 2028, the Democratic Party of Korea (DPK) remains committed to implementing the tax plan on time, according to local media reports.
However, the party is revising the plan to increase the tax deduction limit for cryptocurrency gains under 2.5 million won ($1,795) to 50 million won ($35,919). The Democratic Party plans to vote on the bill at a National Assembly taxation subcommittee on Nov. 25 and at the National Assembly plenary session on Nov. 26.
Tuesday, November 26
WCT claiming and staking will be available on November 26
WalletConnect founder and CEO Pedro Gomes said on the social platform that WCT claims and staking will be launched on November 26.
Bitcoin Ecosystem Public Chain Side Protocol: SIDE Token Genesis Airdrop Will Open Registration on November 26
The details of the Side Protocol Genesis Airdrop for Bitcoin’s financial public chain have been announced. 100 million SIDE tokens will be distributed to qualified users, including:
Active Bitcoin users (network spending greater than 0.005 BTC)
NFT 社区：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 points users, etc.
Airdrop registration will be officially launched at 18:00 on November 26, 2024 (Beijing time). The event adopts a first-come, first-served mechanism. The rewards for a single address are generous and can be collected completely free of charge without staking operations. Users can check the airdrop through the genesis.side.one website.
It is reported that Side Protocol was created by former members of the Chainspace core team and early members of Binance Labs. It is a high-performance L1 public chain that is fully compatible with Bitcoin and supports a variety of innovative products such as Bitcoin native lending.
HashKey Group's ecological token HSK will be officially launched on November 26
HashKey Global announced that it will soon launch HashKey Token (HSK). As the ecological token of HashKey Group, HSK will carry the value of the entire HashKey ecosystem and will attract extensive participation from the global Web3 community users. HashKey Global will open recharge on November 7 and officially open HSK/USDT spot trading on November 26.
Starknet Mainnet STRK Staking Function Will Be Enabled on November 26
Ethereum Layer 2 network Starknet officially announced that it will launch the STRK token staking function on the mainnet on November 26. The 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, you need to stake at least 20,000 STRK and run a full node; to become a delegator, you only need to hold STRK tokens and choose from the list of available validators. Whether it is a validator or a delegator, it takes a 21-day lock-up period to release the stake.
Wednesday, November 27
Starknet mainnet will be upgraded to v0.13.3 on November 27
Starknet tweeted that its mainnet will be upgraded to v0.13.3 on November 27. At that time, the Blob Gas price on Starknet will be 5 times cheaper. Some node operators running Juno instances need to upgrade to v0.12.4 to synchronize with v0.13.3 blocks. If you are using Pathfinder > v0.14.2, no action is required.
The Federal Reserve released the minutes of its November monetary policy meeting
The Federal Reserve will release the minutes of its November monetary policy meeting at 3:00 on November 27.
Thursday, November 28
ZetaChain launches 10 million ZETA validator delegation program, application ends on November 28
ZetaChain announced that its validator delegation program will delegate 10,000,000 ZETA, which is designed to support its ecosystem partners and help protect and grow this universal blockchain. The limit is 15 validators and applications will be accepted until 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 of MAJOR/USDT spot trading is 8:00 pm (UTC+8) on November 28.
Major is a Play to Earn game on Telegram. MAJOR tokens will be used for game mechanics and for leasing Telegram usernames and phone number NFTs.
Saturday, November 30
Cryptocurrency exchange Fairdesk announces it will shut down on November 30
Fairdesk, a cryptocurrency exchange based in Singapore, recently announced that it will permanently shut down all services on November 30, 2024. Customers are required to clear their accounts before October 17, when futures and spot positions will be closed, and the platform will only retain the withdrawal function, which will continue until November 30.
Ethena will finalize parameters for fee switch activation by November 30
The Ethena Foundation announced that Wintermute’s proposal to “enable ENA fee switching” has been approved by the Risk Committee. The Foundation will work with the Risk Committee to finalize the parameters for fee switch activation by November 30, and the specific implementation mechanism will be announced later.
Taiwan will implement the registration system for virtual asset service providers ahead of schedule on November 30
According to Juheng.com, Taiwan will implement the registration system for virtual asset platforms and trading businesses (VASP) ahead of schedule starting November 30 this year. The chairman of Taiwan's Financial Supervisory Commission recently pointed out that currently 26 companies have obtained the declaration of compliance with the Anti-Money Laundering Act, and there are still 20 to 30 companies applying. The director of Taiwan's Inspection Bureau said that 4 companies were inspected last year, and four major types of deficiencies were found. Inspections are scheduled for 6 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 1st.
Sonic Labs announced that it will take a snapshot of every wallet holding six different Sonic Shards at 20:00 Beijing time on December 1. Once the chain is online, all eligible wallets will be whitelisted to mint exclusive NFTs on Sonic to earn points for the upcoming S airdrop of approximately 200 million S.
Shards acquired through secondary markets (e.g. PaintSwap) will also be eligible, provided they were held prior to the snapshot date. The team will reveal the exclusive NFT design closer to the minting launch.
