News Preview:
- MicroStrategy will officially join the Nasdaq-100 Index on December 23, becoming the first Bitcoin-related company to enter the index;
- Metars Genesis (MRS) will unlock about 10 million tokens at 8 AM Beijing time on December 23, accounting for 11.87% of the current circulating supply, worth about $34.7 million;
- Ethena (ENA) will unlock about 12.86 million tokens at 3 PM Beijing time on December 25, accounting for 0.44% of the current circulating supply, worth about $13.5 million;
- Due to the approaching Christmas, the market next week will be relatively calm, but there will still be some relatively influential data, and due to thin liquidity, market volatility may become very large;
- Cardano (ADA) will unlock about 18.53 million tokens at 8 AM Beijing time on December 26, accounting for 0.05% of the current circulating supply, worth about $16.6 million
December 23
Exchanges:
MicroStrategy expected to join the Nasdaq-100 Index on December 23
Project Dynamics:
Governance Voting:
Token Unlocks:
Metars Genesis (MRS) will unlock about 10 million tokens at 8 AM Beijing time on December 23, accounting for 11.87% of the current circulating supply, worth about $34.7 million
Karrat (KARRAT) will unlock about 11.25 million tokens at 8 AM Beijing time on December 23, accounting for 6.45% of the current circulating supply, worth about $4.4 million
Murasaki (MURA) will unlock about 20 million tokens at 8 AM Beijing time on December 23, accounting for 34.84% of the current circulating supply, worth about $12.2 million
Coin98 (C98) will unlock about 16.53 million tokens at 7 PM Beijing time on December 23, accounting for 1.88% of the current circulating supply, worth about $2.7 million
December 24
Project Dynamics:
Token Unlocks:
MMX (MMX) will unlock about 1.67 million tokens at 8 AM Beijing time on December 24, accounting for 1.11% of the current circulating supply, worth about $1.8 million
December 25
Exchanges:
Binance will delist AKRO, BLZ, WRX on December 25
Binance will support the aelf (ELF) network upgrade on December 25
Token Unlocks:
Ethena (ENA) will unlock about 12.86 million tokens at 3 PM Beijing time on December 25, accounting for 0.44% of the current circulating supply, worth about $13.5 million
Eigenlayer (EIGEN) will unlock about 1.29 million tokens at 3 AM Beijing time on December 25, accounting for 0.61% of the current circulating supply, worth about $4.9 million
Venom (VENOM) will unlock about 33.76 million tokens at 8 AM Beijing time on December 25, accounting for 1.77% of the current circulating supply, worth about $2 million
Hooked Protocol (HOOK) will unlock about 4.17 million tokens at 8 AM Beijing time on December 25, accounting for 1.97% of the current circulating supply, worth about $1.7 million
December 26
Project Dynamics:
Token Unlocks:
Cardano (ADA) will unlock about 18.53 million tokens at 8 AM Beijing time on December 26, accounting for 0.05% of the current circulating supply, worth about $16.6 million
December 27
Exchanges:
OKX will officially delist XRP and LTC delivery contracts on December 27
According to the official announcement, OKX plans to gradually stop the generation of XRP and LTC coin-based and USDT-based delivery contracts in the near future, and officially take offline the XRP and LTC delivery contracts on December 27, 2024 at 4:00 PM (UTC+8). This shutdown applies to both the web and mobile platforms, as well as the API.
Binance Futures to launch U-Margined and Coin-Margined Q4 0627 Delivery Contracts on December 27
Binance Futures will launch the following U-Margined and Coin-Margined Q4 0627 Delivery Contracts within a few hours after the expiration of the current season's 1227 Delivery Contracts on December 27, 2024 at 16:00 (UTC+8). The U-Margined Delivery Contracts include BTCUSDT and ETHUSDT, with USDT as the settlement asset, and a minimum price precision of 0.1 and 0.01 respectively, and a maximum leverage of 50x. The Coin-Margined Delivery Contracts cover BTC, ETH, BNB, ADA, LINK, BCH, XRP, DOT, LTC and SOL, with the respective underlying assets as the settlement assets, and varying minimum price precision and maximum leverage up to 50x.
Investors Focused on the Expiration of Bitcoin Options on December 27
According to a previous Reuters report, investors are focused on December 27, when $11.8 billion worth of Bitcoin options will expire, which could lead to significant price volatility in either direction. Nick Forster, the founder of the decentralized options protocol Derive, pointed out that Bitcoin's volatility has remained stable over the past seven days, with the implied volatility for the next seven days at 63% and the 30-day level at 55%, "This tight consistency suggests the market expects significant volatility to emerge soon." Bitcoin has retreated from its highs, and one of the reasons cited by market participants for the price drop is profit-taking.
December 28
Project Dynamics:
Sophon Announces Mining Migration Timeline, Mainnet Mining to Launch on December 28
Sophon, a modular blockchain based on ZKsync, has announced its mining migration plan:
• December 19, 23:59 UTC: L1 mining will be closed for new deposits, and an optional L1 withdrawal window will be opened.
• December 26, 23:59 UTC: The L1 withdrawal window will be closed, and any remaining assets will be automatically cross-chained to the Sophon mainnet.
• December 27: All remaining assets will be automatically cross-chained, and the first phase of SP points accumulation will end.
• December 28: Sophon mainnet mining will officially launch, the second phase of SP points accumulation will begin, using a USD-based distribution method and supporting gas-free mining.
December 29
None
Specific Time to be Determined
Macro Market:
Next Week's Macro Outlook: The Christmas Season May Be Fraught with Danger, Beware of Liquidity Shortages Amplifying Market Volatility
Due to the approaching Christmas holiday, the market next week will be relatively calm, but there are still some relatively large impact data points. However, due to thin liquidity, market volatility may become quite large. For the US dollar, with the overall hawkish stance within the Federal Reserve, the dollar is not expected to easily lose its crown gained this year, although the low trading volume during the holiday period may cause some unnecessary volatility. Overall, if there is any market turmoil during the holiday period, it is more likely to impact the US stocks and US bonds. The hawkish stance of the Federal Reserve has not been welcomed by Wall Street, and as US Treasury yields continue to rise, the sell-off may intensify.
Project Dynamics:
OpenAI: ChatGPT to Launch Advanced Voice Mode Next Week
The ChatGPT search function is receiving a major update and is gradually being opened to all free users. This update includes real-time search functionality, supporting the retrieval of the latest news, stock prices and other dynamic content within minutes; a new advanced voice mode will be launched next week, allowing users to optimize their multi-round search experience through more natural voice interaction; the mobile version has added a map function, supporting the viewing of nearby locations, route planning and business information; optimizations for Android, iOS and other platforms have improved search efficiency by more than 40%.
Governance Voting:
MANTRA to Launch Mainnet Voting Next Week on a Proposal to Update OM Token Economics, Reducing On-Chain Inflation to 3%
MANTRA, a Layer1 blockchain focused on RWA assets, has stated on the X platform that the updated OM token economics proposal is now online, Snapshot voting is open, and mainnet voting will take place next week.
While the proposal suggests adjusting the token issuance schedule, the personal allocations obtained through various activities will remain unchanged. The specific contents of the proposal include:
- 1. Adjusting the vesting schedule of OM upgrade rewards, with the cliff period ending on March 18, 2025, followed by a linear vesting period lasting until October 16, 2028.
- 2. 10% of the initial airdrop allocation will be unlocked starting from March 18, 2025, followed by a 6-month cliff period until September 18, 2025. After that, the remaining rewards will begin linear vesting until March 18, 2027. Additionally, a second anti-sybil check is proposed for all wallets. The vesting period for airdrop rewards will not be extended further after this.
- 3. The cliff and vesting periods for team and core contributor incentives are extended, with the cliff ending on April 23, 2027 and vesting ending on October 22, 2029.
- 4. The token cliff period for Pre-Seed investors ends on October 23, 2025, with vesting ending on October 23, 2027; the token cliff period for Seed investors ends on April 23, 2025, with vesting ending on April 23, 2026.
- 5. The ecosystem allocation will remain unchanged, and the on-chain inflation rate will be reduced from 8% to 3% starting from January 1, 2025.
