This week's preview | Usual Protocol plans to enable the revenue switch function; Ondo (ONDO) and other tokens will usher in large-scale unlocking

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MarsBit
01-13
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January 13

Exchanges:

Coinbase will not support the Celo blockchain migration, customers must withdraw CGLD before January 13

Coinbase Assets posted on the X platform that the Celo L1 blockchain (Coinbase code: CGLD) will migrate to Celo L2 on January 16, 2025. Coinbase will not support the migration, and customers must withdraw CGLD from Coinbase before January 13, 2025, to prevent their funds from becoming unusable. After the hard fork is executed, the Celo L1 network will stop generating blocks, and customers will no longer be able to send or receive assets on the Celo L1 network, and all remaining funds on Coinbase will become unusable.

Project Dynamics:

After the USD0++ de-pegging, Usual Protocol plans to activate the revenue switch function on January 13 to stabilize its ecosystem

Usual, the issuer of the RWA stablecoin, announced on the X platform that it has recognized the significant community reaction caused by the substantial de-pegging of its stablecoin USD0++ from $1, and therefore will implement a series of measures to address user concerns and stabilize the ecosystem. Reportedly, its "Revenue Switch" function is planned to be activated on January 13, allowing Usual Protocol to share the revenue it generates from real-world assets and protocol operations with the community. The team expects a monthly revenue of around $5 million, and under current conditions, the annual return rate will exceed 50%. These allocations will be made weekly to reinforce the actual value of USUAL, balance its economic model, and generate income for the protocol.

(Note: Usual's revenue switch function will be officially enabled when over 50% of USUAL tokens are staked as USUALx. If the requirement is not met, it will be automatically activated on February 1, 2025. Once enabled: 100% of the revenue (up to $5 million per month) will flow to USUALx stakers in the form of USD0.) In addition, the Usual Protocol team also stated that they will launch the "1:1 early unstaking" function next week, allowing users to exchange USD0++ at a rate of $1, but requiring them to forfeit a portion of their accumulated rewards as a penalty.

Token Unlocks:

Cheelee (CHEEL) will unlock approximately 20.81 million tokens, valued at about $169 million, at 8:00 AM Beijing time on January 13.

Polyhedra Network (ZKJ) will unlock approximately 17.22 million tokens, representing 28.52% of the current circulating supply, valued at about $33.2 million, at 8:00 AM Beijing time on January 13.

World Mobile Token (WMTX) will unlock approximately 16.04 million tokens, valued at about $6.4 million, at 8:00 AM Beijing time on January 13.

CYBER (CYBER) will unlock approximately 886,000 tokens, representing 3.81% of the current circulating supply, valued at about $2.7 million, at 10:00 PM Beijing time on January 13.

Covalent X Token (CXT) will unlock approximately 26.9 million tokens, representing 2.99% of the current circulating supply, valued at about $2.5 million, at 8:00 AM Beijing time on January 13.

Moonwell (WELL) will unlock approximately 38.54 million tokens, representing 1.23% of the current circulating supply, valued at about $1.8 million, at 8:00 AM Beijing time on January 13.

January 14

Policy and Regulation:

The South Korean Constitutional Court will hold the first hearing on the impeachment case against Yoon Seok-yeol on January 14

The South Korean Constitutional Court: The first hearing on the impeachment case against Yoon Seok-yeol will be held on January 14.

Encode urges the court to prevent OpenAI from transforming into a for-profit entity, the hearing will be held on January 14

Mario Nawfal, the founder and CEO of the IBC Group, stated on the X platform that a youth-led organization called Encode has submitted a compelling amicus brief urging the federal court to prevent OpenAI from transforming into a for-profit entity, warning that this move could put humanity at existential risk from artificial intelligence for the sake of investor returns. Experts, including Nobel laureate Geoffrey Hinton and AI pioneer Stuart Russell, support this motion, as they believe the transformation to a for-profit institution will undermine the safeguards intended to ensure that advanced AI remains aligned with public safety. Encode's chairperson, Sneha Revanur, stated: "OpenAI's non-profit mission is not just a promise - it is a lifeline for humanity. Turning it into a profit-making machine will endanger everyone." The court hearing for this case is scheduled for January 14.

Project Dynamics:

Shiba Inu ecosystem token TREAT will be launched on January 14

The Shiba Inu ecosystem token TREAT has announced its launch date as January 14. Previously, in April last year, the Shiba Inu team raised $12 million by selling the yet-to-be-issued TREAT tokens to non-US venture investors, which will be used to develop its new privacy-focused Layer3 blockchain. According to Shiba Inu, the TREAT token is the "utility and governance token" of its new privacy-focused Layer3 blockchain, which is being built on the Ethereum Layer2 blockchain Shibarium.

Renzo launches the BNSOL re-staking token bzSOL, minting will begin on January 14

Renzo Protocol has announced the launch of the re-staking token bzSOL, allowing users to stake SOL or BNSOL for minting. Minting will commence at 8:30 AM EST on January 14 (9:00 PM Beijing time on January 14) and will last for 24 hours.

Reportedly, the first service protected by bzSOL will be the Jito Tip routers, and users will receive additional re-staking rewards, which will be automatically compounded into BNSOL.

Decentralized AI platform Nodepay: The first airdrop will be conducted on January 14

The decentralized AI training and development platform Nodepay posted on the X platform that the first airdrop will be conducted on January 14. According to the documentation, the Nodepay airdrop will distribute a total of 115,000,000 Nodecoin (NC), which is 11.5% of the total supply.

Previously, Nodepay announced the launch of the airdrop final query, allowing users to check the token allocations for Seasons 0, 1, and 2.

The application for the 9th season of the BNB Chain MVB program will close on January 14 (UTC+8)

BNB Chain has launched the application for the 9th season of the MVB program. BNB Chain is committed to promoting AI innovation in Web3, with AI First as the core focus. MVB9 aims to attract more projects and developers combining AI scenarios, to build an AI First BNB Chain. DeFi, DeSci, gaming, and social applications, as well as middleware projects, are also welcome to participate, and encouraged to explore and innovate in combination with AI scenarios. The MVB (Most Valuable Builder) acceleration program is co-hosted by BNB Chain, Binance Labs, and CMC Labs, with a 4-week incubation period to support the growth of BNB Chain ecosystem projects. The application deadline for the 9th season MVB is 11:59 PM UTC on January 13, 2025.

Token Unlocks:

Biconomy (BICO) will unlock approximately 7.5 million tokens, representing 0.82% of the current circulating supply, valued at about $2.1 million, at 8:00 AM Beijing time on January 14.

January 15

Policy and Regulation:

Progress in the SEC vs. Ripple case: The court has ordered the SEC to submit its litigation briefs by January 15, 2025 or earlier

Former U.S. federal prosecutor James K. Filan stated on the X platform that in the SEC's lawsuit against Ripple, the Second Circuit Court of Appeals has issued an order requiring the SEC to submit its litigation briefs by January 15, 2025 or earlier.

Project Dynamics:

Ethena: Derive (DRV) will be launched on January 15

Ethena posted on the X platform that Derive (DRV) will be launched on January 15, with 5% of the supply allocated to sENA stakers.

Degen: Liquidity mining airdrop program will be conducted on January 15

Degen announced on the X platform that the liquidity mining airdrop program will be conducted on Wednesday, January 15 UTC. The snapshot will last until the end of January 14.

Alliance launches an online hackathon Sprint, registration applications will close on January 15

Alliance announced the launch of its first online hackathon Sprint, with the winner having the opportunity to receive a $450,000 investment. The registration application will close on January 15.

The South Korean film "Crypto Man" will be released on January 15, 2025

The Korean film "Crypto Man" will be released on January 15, 2025. The film is inspired by a cryptocurrency crash in South Korea that caused a loss of over 50 trillion won (about $349 billion). Director Hyun Hae-ri said the film aims to realistically present the events and incorporate dark humor elements. The film stars the late actor Song Jae-rim, who passed away at his home in November 2024 and was ruled a suicide. In the film, Song plays entrepreneur Yang Do-hyun, who developed a token called "MOMMY" that was initially a huge success but later fell into trouble due to regulatory issues. The film focuses on the obsession of young Koreans with stocks and cryptocurrencies.

Token Unlocking:

Connex (CONX) will unlock about 4.33 million tokens at 8:00 AM Beijing time on January 15, which is 376.3% of the current circulating supply, worth about $85.8 million.

Starknet (STRK) will unlock about 64 million tokens at 8:00 AM Beijing time on January 15, which is 2.65% of the current circulating supply, worth about $27.6 million.

Sei (SEI) will unlock about 55.56 million tokens at 8:00 PM Beijing time on January 15, which is 1.32% of the current circulating supply, worth about $21.5 million.

Ethena (ENA) will unlock about 12.86 million tokens at 3:00 PM Beijing time on January 15, which is 0.42% of the current circulating supply, worth about $11.8 million.

Eigenlayer (EIGEN) will unlock about 1.29 million tokens at 3:00 AM Beijing time on January 15, which is 0.61% of the current circulating supply, worth about $4.1 million.

January 16

Exchanges:

OKX and Gate will list DUCK (DuckChain) spot trading on January 16

OKX will list DUCK (DuckChain) spot trading. DuckChain is the first EVM consumer layer blockchain on TON, aiming to provide developers with an EVM development environment to build Dapps on TON and Telegram. The DUCK/USDT spot trading will open at 6:00 PM (UTC+8) on January 16, 2025. In addition, Gate.io will also list DuckChain (DUCK).

Binance will complete the token swap support for Fantom to be renamed Sonic on January 16

Binance will support the token swap and renaming of Fantom (FTM) to Sonic (S). At 11:00 AM Beijing time on January 13, 2025, Binance will delist all existing FTM spot trading pairs and cancel all outstanding FTM spot trading orders. At 4:00 PM Beijing time on January 16, 2025, Binance will open trading for the S/BTC, S/BNB, S/ETH, S/EUR, S/FDUSD, S/TRY, S/USDC and S/USDT trading pairs.

Coinbase International will list AERO, BEAM and DRIFT perpetual contracts on January 16

Coinbase International and Coinbase Advanced will add support for perpetual futures contracts of Aerodrome Finance, Beam and Drift. The AERO-PERP, BEAM-PERP and DRIFT-PERP markets are expected to open at 5:30 PM Beijing time on January 16, 2025 or later.

Token Unlocking:

Arbitrum (ARB) will unlock about 92.65 million tokens at 9:00 PM Beijing time on January 16, which is 2.20% of the current circulating supply, worth about $67.8 million.

January 17

Exchanges:

Binance will open SOLV/USDT trading on January 17

The Solv Protocol MegaDrop event has started, with a reward pool of 588 million SOLV tokens, accounting for 7% of the genesis token supply. Binance will list SOLV and open SOLV/USDT, SOLV/BNB, SOLV/FDUSD and SOLV/TRY trading pairs on January 17 at 6:00 PM, and will mark SOLV as a "seed" token.

Project Dynamics:

Eternal AI will launch its first "on-chain" PFP series CryptoAgents for AI agents, announcing Mint details on January 17

Eternal AI will launch its first "on-chain" PFP series CryptoAgents designed for AI agents. These on-chain pixel art images are inspired by CryptoPunks and designed specifically for AI agents. Mint details will be announced on January 17.

Community Events:

The 5th PANews PARTY AWARD annual selection voting will end on January 17

The PANews PARTY AWARD 2025 annual selection voting has been open for 30 days from December 18, 2024 to January 17, 2025. Nearly 300 projects and individuals have entered the voting stage through data screening, public registration and community recommendation. 22 authoritative annual awards will be selected, and the final results will be announced on January 22. PARTY stands for PANews' Retrospect of The Year, and the event has been held for five consecutive years, attracting the active participation of global Web3 entrepreneurs and high-quality projects. This year's selection is themed "Becoming Mainstream", aiming to discover and honor Web3 projects, teams and individuals who are continuously building and striving to bring the industry into the mainstream.

The crypto industry will hold a ball to celebrate the inauguration of Trump and Vance on January 17

The crypto industry will hold an inauguration ball on January 17 to celebrate the inauguration of Trump and Vance. The event will be hosted by BTC Inc. and Stand With Crypto, and will be held at the Andrew W. Mellon Auditorium in Washington D.C. on Friday, January 17, 2025 at 8:00 PM local time. Ticket price is $2,500 per person.

Token Unlocking:

ApeCoin (APE) will unlock about 15.6 million tokens at 8:30 PM Beijing time on January 17, which is 2.16% of the current circulating supply, worth about $17.3 million.

Echelon Prime (PRIME) will unlock about 750,000 tokens at 8:00 AM Beijing time on January 17, which is 1.42% of the current circulating supply, worth about $9.6 million.

Fusionist (ACE) will unlock about 1.8 million tokens at 8:00 AM Beijing time on January 17, which is 3.95% of the current circulating supply, worth about $3.3 million.

OmniFlix Network (FLIX) will unlock about 15.31 million tokens at 8:00 AM Beijing time on January 17, which is 3.66% of the current circulating supply, worth about $1.5 million.

January 18

Token Unlocking:

Ondo (ONDO) will unlock about 194 million tokens at 8:00 AM Beijing time on January 18, which is 134.21% of the current circulating supply, worth about $241 million.

UXLINK (UXLINK) will unlock about 26.56 million tokens at 8:00 AM Beijing time on January 18, which is 15.63% of the current circulating supply, worth about $33.2 million.

QuantixAI (QAI) will unlock about 232,000 tokens at 8:00 AM Beijing time on January 18, which is 4.79% of the current circulating supply, worth about $19.6 million.

Cloud (CLOUD) will unlock about 48.92 million tokens at 11:00 PM Beijing time on January 18, which is 27.18% of the current circulating supply, worth about $8.5 million.

QuantixAI (QAI) will unlock about 232,000 tokens at 8:00 AM Beijing time on January 18, which is 4.79% of the current circulating supply, worth about $19.6 million.

Hatom (HTM) will unlock about 2.55 million tokens at 8:00 AM Beijing time on January 18, which is 5.70% of the current circulating supply, worth about $2.5 million.

January 19

Token Unlocking:

Hooked Protocol (HOOK) will unlock about 4.17 million tokens at 8:00 AM Beijing time on January 19, which is 1.89% of the current circulating supply, worth about $1.5 million.

Source
Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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