Top News Preview:
- The MakerDAO community will hold a governance vote on November 4 on whether to abandon the Sky brand;
- The US presidential election will reach its final battle on November 5 local time, and the election result can be basically determined around noon on November 6 Beijing time;
- The Federal Reserve will hold an FOMC meeting from November 6 to 7, and announce the next interest rate decision around 3 am on November 8 Beijing time;
- BNB Chain will hold the Demo Day for the 8th season of the MVB accelerator on November 7;
- Lamborghini, Animoca, and Motorverse will jointly launch the Fast ForWorld platform on November 7, bringing cars into the Web3 game;
- Neon (NEON) will unlock about 53.91 million tokens at 8 am on November 7 Beijing time, accounting for 44.92% of the current circulating supply, worth about $21.2 million
November 4
Project Dynamics:
Sonic Labs' new bounty program "Sonic Boom" will end on November 4
Sonic Labs has launched a new bounty program called "Sonic Boom" to drive the development of key applications in areas such as exchanges, lending, tools, payments, stablecoins, yields, games and Non-Fungible Tokens (NFTs), in order to promote the growth of the Sonic network. The program, which lasts nearly 13 weeks, will end on November 4, and up to 30 winning projects will be rewarded with Sonic Gems, which are points that users can use to participate in future airdrops. Sonic is a new technology stack in the Fantom blockchain ecosystem, capable of processing over 2,000 transactions per second with an average final confirmation time of one second.
Governance Vote:
The MakerDAO community will hold a governance vote on November 4 on whether to abandon the Sky brand
MakerDAO is discussing whether to abandon the Sky brand, as the market response has been lukewarm since the rebranding. Although the USDS stablecoin launch has been successful, the SKY token has performed poorly, dropping 23% recently, far behind the performance of the CoinDesk 20 index. The community plans to hold a formal governance vote on November 4 to decide whether to restore the original Maker brand, maintain the Sky brand, or rebrand. MakerDAO founder Rune Christensen said the community still has a high degree of recognition for the stability and credibility of the Maker brand.
Token Unlock:
Staika (STIK) will unlock about 1.57 million tokens at 8 am on November 4 Beijing time, accounting for 0.01% of the current circulating supply, worth about $2.8 million;
November 5
Policy and Regulation:
The US presidential election will reach its final battle on November 5 local time
The final battle of the US election next week may trigger a nuclear-level warning, with the US dollar bulls' bullets "fully loaded". With the worst non-farm payroll in nearly 4 years, the expectation of a 25-basis-point rate cut by the Federal Reserve next week is almost fully priced in. The market focus next week includes the US election, the Federal Reserve's interest rate decision, and the Bank of England's interest rate decision. The 2024 US presidential election will begin on Tuesday. Many major polls still show Trump and Harris in a dead heat. Overall, the US election result will be basically determined around noon on November 6 Beijing time, corresponding to around midnight on the US East Coast on election day.
Exchange:
OKX will list SCR (Scroll) spot trading on November 5
OKX will list SCR (Scroll), a bytecode-compatible zkEVM Rollup, which is one of the mainstream scaling solutions for Ethereum. The SCR/USDT spot trading will open at 4:00 pm (UTC+8) on November 4, and the SCR token withdrawal will be available at 6:00 pm (UTC+8) on November 5.
Token Unlock:
Delysium (AGI) will unlock about 8.57 million tokens at 8 am on November 5 Beijing time, accounting for 0.71% of the current circulating supply, worth about $1.4 million;
November 6
Policy and Regulation:
The Federal Reserve will hold an FOMC meeting from November 6 to 7 and announce the next interest rate decision
The Federal Reserve will hold an FOMC meeting from November 6 to 7, and will announce the next interest rate decision around 3 am on November 8 Beijing time. In the Q&A session after the speech, Waller refused to provide details on the "gradual" pace of rate cuts. Federal Reserve Governor Waller said that recent economic data suggests that policymakers can be more cautious in dealing with subsequent rate cuts than at the September meeting. Waller said: "I think the overall data suggests that monetary policy should be more cautious in the pace of rate cuts than at the September meeting." He added that if the current economic conditions persist, "we can take a cautious approach to shifting policy to a neutral stance." The neutral policy rate is the rate that neither promotes nor inhibits economic growth. Waller also said that recent data - including the upward revision of economic growth and the increase in job vacancies - suggests that the slowdown may not be as severe as expected. At the same time, Waller said his basic expectation is to gradually lower rates next year.
Exchange:
Binance will delist IDRT, KP3R, OOKI and UNFI on November 6
Binance announced that it will delist and stop spot trading of the following tokens on November 6, 2024 at 11:00 (Beijing time): Rupiah Token (IDRT), Keep3rV1 (KP3R), Ooki Protocol (OOKI) and Unifi Protocol DAO (UNFI). The affected trading pairs include KP3R/USDT, OOKI/USDT, UNFI/BTC, UNFI/TRY, UNFI/USDT and USDT/IDRT.
Project Dynamics:
UniSat: LP rewards on PizzaSwap will be launched on November 6
UniSat posted on the X platform that the LP rewards on PizzaSwap will be launched on November 6, as well as the first major version update of PizzaSwap since its launch. In this update:
- PizzaSwap will open to all brc-20 tickers on Fractal, and allow users to create any trading pair.
- FB rewards will be generated to the specific liquidity pools of FB trading pairs within 14 days (the detailed reward amount information will be provided in the update).
- In the first Epoch, PizzaSwap will support the following pairs: sFB <> sBTC, and sFB <> sSATS.
Gitcoin's 22nd round of Grants program will run until November 6
The Web3 public goods protocol Gitcoin has launched its 22nd round of Grants program, running from October 23 to November 6. This round focuses on expanding open-source software (OSS) and supporting digital public goods, with a total of $1.125 million in matching funds. Four OSS rounds will receive a total of $1 million in matching funds, and seven community rounds will receive $12,500 to $20,000 in matching funds. In addition, this round introduces on-chain proof minting and cross-chain donation capabilities, further enhancing the accessibility and transparency of donations, and promoting the development of community support for Web3 and digital public goods.
Governance Vote:
The ZKsync community ZK Nation stated that the ZKsync Ignite Program TPP 001 proposal "distribution of 325 million ZK tokens to DeFi users within 9 months" has been submitted on-chain after feedback from representatives and multiple iterations. The voting will start around 01:00 on November 6 and end on November 13. The proposal suggests distributing 325 million ZK tokens within 9 months, with 300 million tokens distributed to users through six minters (with a cap of 50 million each), and another 25 million tokens managed by four minters to cover management and unforeseen costs. The proposal aims to establish a DeFi liquidity hub on the ZKsync Era and enhance the liquidity of all interoperable ZK chains (Elastic Chain).
Token Unlock:
Cardano (ADA) will unlock about 18.53 million tokens at 8 am on November 6 Beijing time, accounting for 0.05% of the current circulating supply, worth about $6.2 million;
Ethena (ENA) will unlock about 12.86 million tokens at 5 pm on November 6 Beijing time, accounting for 0.45% of the current circulating supply, worth about $4.5 million;
Eigenlayer (EIGEN) will unlock approximately 1.29 million tokens at 3:00 AM Beijing time on November 6, which is 0.69% of the current circulating supply and worth approximately $3.1 million;
Cetus Protocol (CETUS) will unlock approximately 8.3 million tokens at 8:00 AM Beijing time on November 6, which is 2.61% of the current circulating supply and worth approximately $1.5 million;
Heroes of Mavia (MAVIA) will unlock approximately 1.15 million tokens at 8:00 AM Beijing time on November 6, which is 3.64% of the current circulating supply and worth approximately $1.3 million;
November 7
Exchanges:
OKX will delist VELA, KAN, WSM, BORING, CEEK, AVIVE spot trading pairs on November 7
OKX will officially delist the VELA/USDT, KAN/USDT, KAN/USDC, WSM/USDT, BORING/USDT, BORING/USDC, CEEK/USDT, AVIVE/USDT, AVIVE/USDC spot trading pairs from 4:00 PM to 4:30 PM (UTC+8) on November 7, 2024. As reminded by OKX, users with outstanding orders in the above trading pairs should cancel them before 4:00 PM (UTC+8) on November 7, 2024. If the orders are not canceled in time, the system will execute them automatically. Cancellation may take 1 to 3 business days.
Project Dynamics:
Optimism: Voting for Season 5 and Season 6 Super Chain Contributors will end on November 7
Optimism posted on the X platform that up to 3.5 million OP will be distributed to Optimism Governance contributors during Season 5 and Season 6, meaning that contributors from October 2023 to September 18, 2024 will receive rewards. The voting will take place from October 28 to November 7, and the results will be announced on November 19.
BNB Chain announces that the MVB Season 8 Accelerator will hold a Demo Day on November 7
BNB Chain has announced the 35 projects selected for its eighth season of the "Most Valuable Builder (MVB)" accelerator program, including: DeFi projects: Allo.xyz, Avalon, CarbonFi, Evoq Finance, Paimon, RateX, SparkleX, uDEX, Vanilla Finance, YieldFi, YieldNest; Infrastructure projects: Alaya AI, APRO Oracle, Balloon Dogs, BAS, Blockus, Codatta, CodexField, Infinity Ground, Matchain, Yotta Labs; Application layer projects: Alias, Alt.town, Balance, Bando, Cat Gold Miner, Four.meme, Gameland, GamerBoom, GraFun, MEET48, Moso, Nomis, REVOX and TaleX. These projects will showcase their achievements at the Demo Day on November 7, and Binance Labs will make investment decisions based on their performance.
Lamborghini is collaborating with Web3 gaming company Animoca Brands to launch its first blockchain-based interoperable digital car, marking its official entry into the Web3 gaming space. This collaboration will be realized through a platform called "Fast ForWorld", where players can buy, sell and drive Lamborghini cars in games within the Motorverse ecosystem, including Torque Drift 2 and REVV Racing. Animoca stated that the platform will launch on November 7 and will provide a 3D wallet feature, allowing users to store and use their digital cars. This partnership is part of Lamborghini's exploration of new ways to engage its brand in Web3.
LocalMonero exchange will close on November 7 due to reduced crypto privacy services
LocalMonero, the P2P trading platform for the privacy coin Monero (XMR), has ceased operations, exacerbating the recent wave of closures and arrests in the crypto privacy sector. On May 7th, LocalMonero announced that all new registrations and Monero trading ads would be banned effective immediately. On May 14th, the platform will prohibit trading in this privacy-focused cryptocurrency. The company cited a "series of internal and external factors" as the reason for the closure, but did not disclose specific details. Additionally, the company stated that the website will be shut down on November 7, and advised users to withdraw their funds before that date, or the funds may be considered abandoned.
Token Unlocks:
Neon (NEON) will unlock approximately 53.91 million tokens at 8:00 AM Beijing time on November 7, which is 44.92% of the current circulating supply and worth approximately $21.2 million;
GoGoPool (GGP) will unlock approximately 840,000 tokens at 8:00 AM Beijing time on November 7, which is 11.79% of the current circulating supply and worth approximately $3.7 million;
Hashflow (HFT) will unlock approximately 13.62 million tokens at 8:00 AM Beijing time on November 7, which is 2.92% of the current circulating supply and worth approximately $1.6 million;
November 8
Exchanges:
Coinbase will delist Decentralized Social (DESO) on November 8
Coinbase Assets stated on the X platform that Coinbase will temporarily suspend trading of Decentralized Social (DESO) around 2:00 PM Eastern Time on November 8. The team has converted the DESO order book to a limit order mode. Possibly affected by this news, Decentralized Social (DESO) has dropped 17.3% in the last 24 hours, currently trading at $4.93.
Project Dynamics:
Decentralized video conferencing project Huddle01 plans to open node public sale on November 8
The decentralized video conferencing project Huddle01 plans to raise $37 million through node sales to provide low-latency, censorship-resistant real-time connectivity, aiming to surpass Zoom and Google Meet. The first round of node sales will be open to whitelisted users on November 6, and the public sale will be on November 8, targeting $8 million in funding. Huddle01 is built on the Orbit technology of the Ethereum Layer-2 network Arbitrum. Within two weeks after the sale ends, the testnet will be launched. Node operators can earn token rewards by contributing network bandwidth, with approximately 21% of HUDL tokens allocated to node operators.
Token Unlocks:
Banana Gun (BANANA) will unlock approximately 250,000 tokens at 8:00 AM Beijing time on November 8, which is 7.21% of the current circulating supply and worth approximately $11.7 million;
November 9
Exchanges:
OKX will temporarily suspend withdrawal services for MSN, OMN and other tokens on November 9
OKX platform has delisted the MSN/USDT, OMN/USDT, REP/USDT, BTC/EURT, ETH/EURT, EURT/USDT, IGU/USDT, PCI/USDT, SLN/USDT trading pairs, and their withdrawals will be suspended at 4:00 PM (UTC+8) on November 9. Please process the relevant assets in time to avoid losses.
November 10
Token Unlocks:
Bitget Token (BGB) will unlock approximately 5.38 million tokens at 8:00 AM Beijing time on November 10, which is 0.38% of the current circulating supply and worth approximately $6 million;
