Compiled by: Fairy, ChainCatcher
Key News:
- The Bitcoin MENA Summit will be held in Abu Dhabi from December 9 to 10, and Donald Trump Jr. will deliver a speech
- The US will release the November CPI data on December 11
- The new FASB fair value accounting rule for Bitcoin takes effect, and companies must implement it for fiscal years beginning on or after December 15
- ME Foundation: ME token will have its TGE at 22:00 on December 10
- KIP Protocol announces TGE on December 10, and node holders will receive $KIP airdrop eligibility
- Suilend native token SEND will be launched on December 12
- Microsoft's December 10 shareholder meeting will vote on a Bitcoin investment proposal, and the board recommends voting against it
- The mayor of Vancouver, Canada plans to launch a "Bitcoin-friendly city" initiative, and Mayor Sim plans to propose a motion on December 11notice of motion
December 9 (Monday)
OKX will list MOVE (Movement) spot trading
According to the official announcement, OKX will list MOVE (Movement) spot trading.
- MOVE deposit open time: 2:00 PM (UTC+8) on December 4
- MOVE call auction time: 7:00 PM to 8:00 PM (UTC+8) on December 9
- MOVE/USDT spot trading open time: 8:00 PM (UTC+8) on December 9
- MOVE withdrawal open time: 6:00 PM (UTC+8) on December 10
Binance Wealth Management launches on-chain earning, with the first product Babylon Bitcoin staking to be launched on December 9
According to the official announcement, Binance Wealth Management has launched on-chain earning, where users can participate in various on-chain protocols through their Binance accounts and earn yields. The first on-chain earning product is Babylon Bitcoin staking, where users can stake Bitcoin to the Babylon protocol and earn on-chain yields.
Subscription will open at 2:00 PM (UTC+8) on December 09, 2024, with a limit of 1,000 Bitcoin. The minimum subscription amount is 0.05 BTC per account, and the maximum is 5 BTC. Please note that the on-chain earning page will go live at 12:00 PM (UTC+8) on December 9, 2024.
Ethereum Foundation: 2025 EF Internship Program launched, application to close on December 9
According to the official announcement, the Ethereum Foundation has announced the launch of its first formal summer internship program, including research internships and software engineering internships, aimed at nurturing the next generation of Ethereum developers and researchers, who will directly contribute to core projects in areas such as protocol security, account abstraction, scaling research, and client development.
The selected interns will be assigned a short-term project and a mentor, and are expected to work with a certain degree of independence. The application is now open, with a deadline of December 9, 2024. After preliminary screening, formal interviews will be conducted, and the selection results are expected to be announced by January 10, 2025.
The Bitcoin MENA Summit will be held in Abu Dhabi from December 9 to 10, and Donald Trump Jr. will deliver a speech
Donald Trump Jr. will attend the Bitcoin MENA Summit and deliver a speech. The Bitcoin MENA Summit will be held in Abu Dhabi from December 9 to 10.
December 10 (Tuesday)
ME Foundation: ME token will have its TGE at 22:00 on December 10
The ME Foundation announced that the Magic Eden token ME will have its TGE at 22:00 Beijing time on December 10.
OKX will list Magic Eden (ME) spot trading
According to the official announcement, OKX will list ME (Magic Eden). ME is committed to supporting the cross-chain ecosystem super Dapp strategy led by Magic Eden, focusing on acquiring more users from different ecosystems and enabling users to achieve one-stop seamless trading of multi-chain assets in the Magic Eden mobile wallet. The specific timeline is as follows:
1. ME deposit open time: 10:00 AM (UTC+8) on December 6, 2024
2. ME call auction time: 9:00 PM to 10:00 PM (UTC+8) on December 10, 2024
3. ME/USDT spot trading open time: 10:00 PM (UTC+8) on December 10, 2024
4. ME withdrawal open time: 6:00 PM (UTC+8) on December 11, 2024
Binance will delist GFT, IRIS, KEY, OAX, REN
According to the official announcement, Binance will suspend trading and delist the following tokens on December 10, 2024 at 11:00 (UTC+8): Gifto (GFT), IRISnet (IRIS), SelfKey (KEY), OAX (OAX), and Ren (REN).
Binance Futures will fully close and settle the KEYUSDT and RENUSDT perpetual contracts on December 3 at 09:00 (UTC), and the contracts will be delisted after settlement.
Binance emphasized that it will regularly review the listed digital assets to ensure high-quality token standards. When a token no longer meets the listing criteria or there are significant changes in the industry environment, it will conduct in-depth project reviews and may delist it.
Microsoft's December 10 shareholder meeting will vote on a Bitcoin investment proposal, and the board recommends voting against it
Microsoft will include the proposal to "assess investing in Bitcoin" as a voting item at its annual shareholder meeting on December 10. The proposal was submitted by the conservative think tank The National Center for Public Policy Research, but the board recommends that shareholders vote against it, stating that it is "unnecessary" and that the company's management has "carefully considered" the relevant issues.
In a filing with the US Securities and Exchange Commission, Microsoft stated that its global finance team regularly evaluates various investment assets, including cryptocurrencies, to achieve diversification and risk management. While Bitcoin has been considered in the past, the board has not made any further investment decisions due to factors such as volatility. If the proposal is passed, Microsoft would become the largest publicly traded crypto investor, surpassing MicroStrategy and Tesla.
KIP Protocol announces TGE on December 10, and node holders will receive $KIP airdrop eligibility
The decentralized AI base protocol KIP Protocol announced that it will conduct the KIP token TGE on December 10, further promoting the development of DeAI.
The white list node sales (node.kip.pro) are currently in full swing and will end at 12:00 noon (UTC+8) on December 7. It is reported that all KIP node purchasers (including early white list supporters) will receive $KIP airdrop rewards, which can be run within 7 days after the TGE.
KIP is building a Web3 infrastructure for AI App developers, model makers and data owners, allowing the monetization of AI assets while fully retaining ownership. To date, KIP has implemented real-world use cases of DeAI in fields such as education, entertainment (AI Agent), biotechnology, and government, with total financing exceeding $10 million.
December 11 (Wednesday)
The mayor of Vancouver, Canada plans to launch a "Bitcoin-friendly city" program, with Mayor Sim planning to introduce a motion notice on December 11
Ken Sim, who has been the mayor of Vancouver since 2022, announced that the city of Vancouver, Canada plans to add Bitcoin to its balance sheet as part of its efforts to diversify its investments.
At the Vancouver City Council meeting held on November 26, Mayor Sim submitted a motion notice, planning to propose it on December 11, titled "Preserving the City's Purchasing Power through Financial Resource Diversification: Becoming a Bitcoin-Friendly City". As of November 27, the motion does not appear to have been published on the city government's website, and the Vancouver Mayor's Office declined to comment.
It is unclear whether the Vancouver mayor's motion is in response to local and federal governments in the United States considering legislation to establish Bitcoin reserves. After the 2024 elections, lawmakers in the Pennsylvania House of Representatives and the US Senate have proposed plans for the government to hold Bitcoin as a reserve asset.
The US Senate will vote next Wednesday on whether to renominate Democratic SEC Commissioner Caroline Crenshaw
FOX Business reporter Eleanor Terrett said on the X platform that the Senate Banking Committee will hold a meeting on Wednesday to vote on the reappointment nomination of Democratic SEC Commissioner Caroline Crenshaw. If the Senate approves her nomination, she will continue to serve on the committee until 2029; if she is not approved, Trump will be able to nominate someone else.
During her tenure, Caroline Crenshaw has been a supporter of Committee Chairman Gary Gensler, pushing for stricter climate reporting requirements and voting against the approval of Bitcoin spot ETFs.
The US will release the November CPI data on December 11
At 21:30 Beijing time on December 11, the US will release the November CPI data.
The opposition party in South Korea plans to resubmit the impeachment case against Yoon Seok-yeol
The opposition party in South Korea previously stated that if the impeachment case is not passed, they plan to immediately resubmit the impeachment motion. Since the rejected motion cannot be resubmitted in the same session, the main opposition Democratic Party of Korea said it will resubmit the impeachment case at the temporary National Assembly meeting on the 11th of this month. This means that even if Yoon Seok-yeol avoids this impeachment case, he will still face greater obstruction and pressure from the opposition party in the future. Xiang Haoyu, a special research fellow at the Institute of Asia-Pacific Studies of the China Institute of International Studies, believes that Yoon Seok-yeol still has two years and five months left in his term, and even if he is not impeached, his future governance will still be more difficult. Regardless of the attitude of the ruling party and whether Yoon Seok-yeol steps down, the contradictions and differences between the progressive and conservative parties in South Korea will not be eliminated, which is determined by the differences in their political ideologies and policy lines. The polarization of the Korean political arena and the serious social division will continue.
December 12 (Thursday)
Bithumb will delist Radiant Capital (RDNT) spot trading
According to the official announcement, the Korean cryptocurrency exchange Bithumb plans to delist Radiant Capital (RDNT) spot trading on December 12, 2024.
Suilend's native token SEND will be launched on December 12
Suilend, a Sui ecosystem lending protocol, announced that SEND will be launched on December 12, and the distribution checker has been online.
Early users who used Suilend before the launch of Points in May 2024 will receive 2% of SEND, with Suilend points accounting for 18% of SEND; Rootlets will receive 3.333% of SEND, divided into three airdrops of 1.111% each.
aelf's first halving event will take place on December 12, with block rewards reduced to 0.0625 ELF
AI-enhanced Layer 1 public chain aelf announced that it will undergo its first halving event at 15:30 Beijing time on December 12, which is expected to occur at mainnet block height 246,500,000. aelf has been running stably since its mainnet launch in 2020.
aelf COO Brian Liang stated that this halving event represents not only a reduction in block rewards, but also the continued evolution of aelf as a sustainable and innovative blockchain ecosystem. According to the aelf whitepaper, the network allocates 12% of ELF tokens for block rewards, with halving events every four years. After the halving, the block reward will decrease from 0.125 ELF to 0.0625 ELF.
EigenLayer plans to launch the upgraded Rewards v2 in January next year, with the testnet deployment scheduled for December 12 on Holesky
Eigen Labs plans to launch the upgraded Rewards v2, aiming to bring greater flexibility, efficiency and customization to the rewards in the EigenLayer ecosystem. The testnet deployment is scheduled for December 12 on the Holesky testnet, and the mainnet deployment will be in January next year.
The proposed upgrade is also the first EigenLayer Improvement Proposal (ELIP) to use the EigenLayer governance process (EigenGov) recently announced by the Eigen Foundation. The Rewards v2 upgrade proposal expands the platform's reward functionality, introducing several features: Operator-oriented rewards: AVS can reward operators based on performance or custom logic. Variable operator fees: Operators can set their own rates based on AVS, providing economic flexibility and attracting diverse participation. Batch reward claiming: Stakers and Operators can claim multiple rewards in a single transaction, reducing gas costs.
December 15 (Sunday)
The FASB's new Bitcoin fair value accounting rule takes effect, requiring companies to implement it in fiscal years beginning after December 15
According to the new Bitcoin fair value accounting rule from the US Financial Accounting Standards Board (FASB), companies must officially adopt the fair value accounting for Bitcoin in fiscal years beginning after December 15. This rule change means that companies like MicroStrategy, Tesla and Block will be able to record the high and low points of the value of their cryptocurrency holdings. Under the new rule, companies holding Bitcoin or Ethereum will need to record these tokens at fair value, i.e. the latest market value. Changes in fair value will be directly recorded in net income.
According to the new rules, companies must record their encrypted assets as a separate item on their balance sheets. They must also disclose in the footnotes of each reporting period the large amount of cryptocurrency holdings and any restrictions on those holdings. Annually, they must reconcile or disclose changes in the beginning and ending balances of encrypted assets by category.
