A look at the most noteworthy industry events and project milestones to watch for in the coming week.
- Devcon 2024 will be held from November 12 to November 15 in Bangkok, Thailand.
- Approximately $92.4 million worth of APT will be unlocked on November 11.
- The Hong Kong Stock Exchange will launch the Hong Kong Exchanges Virtual Asset Index Series on November 15.
- The DePIN Layer1 protocol Peaq will be released on November 12.
- Coinbase Derivatives will launch Silver (SLR) and Stellar (XLM) futures.
Don't miss the major Web3 events this week (November 11 - November 17, 2024). The image below previews the exciting events:
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Key Events
Coinbase Derivatives, the derivatives trading platform of Coinbase, will launch Silver (SLR) and Stellar (XLM) futures on November 11.
The U.S. Securities and Exchange Commission (SEC) has delayed its decision on Bitwise's application for an Ethereum spot ETF option, with the latest deadline set for November 11.
Former Celsius CEO Alex Mashinsky will return to court on November 13 for a hearing. According to court records, Alex Mashinsky has not appeared in person since February. In addition to the November 13 hearing, U.S. District Judge John Koeltl has ordered the parties to hold a pre-trial conference on January 16, with jury selection set to begin on January 28.
The Mango Markets attacker is requesting to have the fraud and manipulation charges dismissed and a new trial, with the next sentencing scheduled for November 13.
The Hong Kong Stock Exchange has announced that it will launch the Hong Kong Exchanges Virtual Asset Index Series on November 15, 2024. The index series will provide reliable benchmark prices for the rapidly growing virtual asset asset class, supporting Hong Kong's development as a leading digital asset center in Asia. The index series will provide transparent and reliable benchmarks for the pricing of Bitcoin and Ethereum in the Asian time zone, aiming to unify the reference prices for virtual assets across global exchanges.
Switzerland has launched a public consultation on crypto tax information sharing, with the consultation period for the legislative proposal ending on November 15, 2024.
Project Updates
BounceBit will launch CeDeFi V2 on November 11, and all user positions will be automatically migrated to V2 after November 11.
Web3 modular infrastructure company 0G Labs will open node sales on November 11, offering 32 tiers with a starting price of 0.05 ETH per node. The sale will be open to whitelisted users from November 11 20:00 to November 13 20:00, and then open to the public.
Hyperliquid will issue its native token HYPE as part of the genesis release. Eligible users can choose to receive HYPE and Hypurr NFTs to commemorate the upcoming launch of HyperEVM on the mainnet. Users must review and accept the genesis event terms by November 12 7:59 to participate.
The DePIN Layer1 protocol Peaq has announced that it will release on November 12.
The Taiko L2 network's Season 1 rewards claim is open until November 12 8:00.
The Web3 mobile battle royale game Blast Royale will hold a community sale for its token NOOB on November 6, with the NOOB token launching on November 13.
Web3 game development company Midnight will launch the MMO game "The Evergreen: Midnight Market" on Aptos on November 13. The game will be available on web, mobile, and Telegram, and is developed in collaboration with the Aptos Foundation as a game centered around risk and reward.
The Rollup-as-a-Service platform Caldera may announce important news on November 14.
The stablecoin protocol Usual is expected to have its TGE in mid-November, with 90% of USUAL tokens allocated to the community and 10% to the team, advisors, and investors. Airdrops will be rewarded based on the number of Pills held by participants in the pre-launch phases. Pills holders will receive a total of 7.5% of the total supply. From the TGE, USUAL holders can stake their tokens to earn USUALx. Stakers will also receive 10% of the USUAL tokens issued by the protocol in the future.
Upcoming Events
Devcon 2024 will be held from November 12 to November 15 in Bangkok, Thailand. Devcon is an Ethereum conference for developers, thinkers, and makers, with a mission to bring decentralized protocols, tools, and culture to the people. Foresight News has recorded over 200 side events for Devcon 7, which can be viewed here, including: the Ethereum Name Service (ENS) will host a frENSday offline event in Bangkok on November 11; the WOW Summit will be held from November 11 to 12 in Bangkok; and MEET48 will give a brand presentation on the integration of idol entertainment and the crypto industry at the W2140 World AI+WEB3 Expo Bangkok station on November 12.
AIBC Europe will be held from November 11 to 14 in Valletta, Malta, with its summit discussing crypto technology and regulation ahead of the EU's new crypto regulations.
HackaTRON Season 7 is expected to announce the winners on November 13.
BNBChain will host the fifth BNB Incubation Alliance on November 13 at 10:00 at the Carlton Hotel Bangkok Sukhumvit, Krung Thep Maha Nakhon.
The application for the Core Commit program, the Core developer incentive program, will close on November 14, with a total prize pool of $75,000 worth of CORE tokens, distributed monthly based on project progress and milestones.
The Ethereum Foundation's EcoDev six-month research fellowship application will close before November 15, offering five full-time research positions with six-month research fellowships to explore emerging use cases for Ethereum and seek innovative research proposals to advance the ecosystem. EcoDev expects the researchers to provide monthly progress reports and a final report summarizing their findings at the end of the six months.
The TON Society Hong Kong will host the TON Hackers League Hackathon event from November 15 to 17 in Hong Kong, with guests including the TON Foundation and core members of the TON X community.
Token Unlocks
According to Token Unlocks data, this week ARB, AVAX and STRK will see a one-time large-scale token unlock, with a total value of over $100 million released, including:
Aptos (APT) will unlock 11.31 million tokens on November 11 at 14:00, worth about $92.4 million, accounting for 2.18% of the circulating supply.
Arbitrum (ARB) will unlock 92.65 million tokens on November 16 at 21:00, worth about $58.13 million, accounting for 2.33% of the circulating supply;
Starknet (STRK) will unlock 64 million tokens on November 15 at 8:00, worth about $29.72 million, accounting for 3.05% of the circulating supply;
Nervos Network (CKB) will unlock 1.34 billion tokens on November 16 at 8:00, worth about $19.82 million, accounting for 2.99% of the circulating supply.
Echelon Prime (PRIME) will unlock about 750,000 tokens on November 17 at 8:00, worth about $5.8 million, accounting for 1.51% of the circulating supply.
Proposal Voting
Optimism's sixth retrospective public goods funding round will be voted from October 31 to November 11, with results to be announced on November 19.
The vote on changing the Aave instance strategy will end on November 12, with the proposal aiming to abandon the Etherfi mainnet instance and reformatting the instance model in the Aave ecosystem on the Ethereum mainnet.
The GnosisDAO vote on launching Safe{Boost} will end on November 13. Safe{Boost} is a 6-month reward program aimed at expanding the use of Safe on the Gnosis Chain, with users earning points for performing certain activities, and a total of 250,000 SAFE tokens to be distributed based on the accumulated points.
The Stargate DAO vote on launching the Stargate ETH pool on the Mode Network will end on November 14, with the Mode Foundation raising $1 million and an additional $2 million in incentives. The goal of this proposal is to improve the user bridge in/out experience for Stargate and Mode users, and promote cross-super chain ETH transfers.
The GMX community vote on updating the GMX V2 liquidation mechanism will end on November 15, with the proposal allowing for the provision of liquidation fees as part of the risk management of the GMX V2 mining pool.
