A look at the most noteworthy industry events and project milestones to watch for in the coming week.
- MicroStrategy will officially join the Nasdaq-100 Index on December 23.
- The voting deadline for the "BIO Token Transferability" proposal by BIO Protocol is December 23.
- Kaito AI's Genesis NFT will be minted in three phases, with the third phase of public minting opening on December 24 at 20:00.
- The LayerZero protocol fee activation vote will end on December 27 at 8:00.
- Approximately $32.12 million worth of IMX will be unlocked on December 27.
Don't miss these major Web3 events this week (December 23 - December 39, 2024):
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Key Events
MicroStrategy will officially join the Nasdaq-100 Index on December 23. The Nasdaq-100 Index is composed of the 100 largest non-financial companies listed on the Nasdaq stock market, tracing its history back to January 1985. The Nasdaq-100 Index is the underlying index for the Invesco QQQ Trust (Nasdaq: QQQ), which aims to provide investment results that, before fees and expenses, correspond generally to the price and yield performance of the Nasdaq-100 Index. Additionally, options, futures, and structured products based on the Nasdaq-100 Index and the Invesco QQQ Trust are traded on multiple exchanges. MicroStrategy's inclusion in the index means its stock will be acquired by several major exchange-traded funds, including the heavily traded QQQ ETF. Bloomberg ETF analyst James Seyffart predicts that once MSTR is included in the index, ETFs will purchase at least $2.1 billion worth of MSTR shares.
The South Korean crypto exchange Aprobit will cease operations, with virtual asset trading supported until 11:00 on December 23 and withdrawal support until 18:00 on December 23.
Project Updates
The Aligned Foundation will distribute ALIGN tokens to holders of Mina, EigenLayer, and Ethereum zk L2 tokens, with user registration closing on December 23, 2024. The specific eligibility requirements are that the wallet address must have held at least the equivalent of $50 worth of Mina (MINA), Starknet (STRK), Polygon (POL), EigenLayer (EIGEN), ZKsync (ZK), Scroll (SCROLL), or Taiko (TKO) tokens at their all-time low prices.
The DeSci project Pump Science will announce new partnerships, prepare mouse experiments, and provide protocol development updates on December 24.
Kaito AI, an AI-powered crypto search engine, will open the third phase (public minting) of its Genesis NFT on December 24 at 20:00.
Binance will delist Kaon (AKRO), Bluzelle (BLZ), and WazirX (WRX) on December 25 at 11:00.
aelf will upgrade to v1.12.0 on December 25 at 18:00, introducing MultiTransaction functionality and enhancing API and cross-chain indexing.
The Bitget Launchpool project Tomarket (TOMA) lock-up will be open until December 25 at 20:00.
The Tokamak Network Titan testnet will close on December 26, and users need to ensure they withdraw their assets from the contracts before the 25th.
The Sophon blockchain, built on ZKsync, will close the L1 mining withdrawal window on December 27 at 7:59, and all remaining assets will be automatically cross-chained to the Sophon mainnet. Sophon will open mainnet mining on December 28.
Upcoming Events
The Solana inaugural global online AI hackathon ended on December 23, with a prize pool of $185,000 across 6 tracks related to AI agents, including the main AI Agent product track supported by a16z and the Solana Foundation, as well as tracks for building infrastructure or frameworks for AI agents, DeFi agents that can interact with Solana protocols and manage positions, tools for launching and managing token liquidity for AI agents, AI agents for spot trading, chatbot agents, and public-facing agents.
The Sui lending protocol Scallop is holding a Christmas airdrop from December 14 to December 26, where users with a borrowing value greater than $1,000 or holding more than 1,000 veSCA can participate in sharing 1 million SCA tokens.
Token Unlocks
According to Token Unlocks data, this week will see major one-time token unlocks for IMX, ADA, and ENA:
Ethena (ENA) will unlock approximately 12.86 million tokens worth around $13.22 million, or 0.44% of the circulating supply, on December 25 at 15:00;
Cardano (ADA) will unlock approximately 18.53 million tokens worth around $16.30 million, or 0.05% of the circulating supply, on December 26 at 8:00;
Immutable (IMX) will unlock 24.52 million tokens worth around $32.12 million, or 1.45% of the circulating supply, on December 27 at 8:00;
Beldex (BDX) will unlock 330 million tokens worth around $25.50 million, or 4.78% of the circulating supply, on December 30 at 8:00.
https://tokenomist.ai/unlocks
Governance Votes
The BIO Protocol "Enable BIO Token Transferability" vote will close on December 23. If the proposal passes, BIO will become a liquid asset within 14 days, with initial liquidity on the Ethereum mainnet and support for additional chains to follow.
The Lido community vote on updating the Ethereum standard node operator agreement for Lido will end on December 24, transitioning from the current Lido (LoE) validator exit policy 1.0 (snapshot) to the proposed Standard Node Operator Protocol (SNOP) 2.0.
The Lido Alliance grant funding proposal vote will end on December 24, with a total budget request of 300,000 DAI for running the Alliance BORG 2025.
The Uniswap proposal on whether to provide a $250,000 incentive for Sonic's $500,000 commitment vote will end on December 25.
The LayerZero protocol fee activation vote will end on December 27 at 8:00, determining whether LayerZero will start charging a protocol fee for each message, with the fees used to buy back and burn ZRO to reduce its circulating supply.
Stargate V2 launched the hUSDC pool proposal voting on Hedera, which will end on December 28.
