A look at the most noteworthy industry events and project milestones to watch for in the coming week.
- Magic Eden will release the ME token economic model on November 18.
- The BNB beacon chain will be deprecated on November 19.
- The Telegram gaming ecosystem MemeFi token will be launched on November 22.
- The Crypto Convention Australia summit will be held in Sydney from November 23 to 24.
- Approximately $13.12 million worth of ADA will be unlocked on November 21 at 8:00.
Don't miss the major Web3 events this week (November 18 - November 24, 2024). Here's a preview of the exciting highlights:
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Key Events
This week, several hearings related to the bankrupt crypto exchange FTX will be held on November 20, and FTX co-founder Gary Wang will also appear in court on November 20 for sentencing. First, FTX has reached a settlement with Evolve Bank and the Silicon Valley Community Foundation, which may allow it to recover up to $21 million in assets. The agreement is pending court approval, and the hearing will be held on November 20.
Secondly, the proposed settlement hearing between FTX and SBF's former girlfriend Caroline Ellison will be held on November 20, which will allow her to transfer "nearly all remaining assets." Ellison has agreed to transfer any assets not forfeited to the government or used to pay legal fees to FTX creditors in her criminal case. Additionally, the hearing to amend Three Arrows Capital's claims against FTX will be held on November 20, as the Three Arrows Capital liquidator is trying to increase the claim amount from $120 million to $1.53 billion.
The U.S. Securities and Exchange Commission (SEC) will delay the final decision on the 7RCC spot Bitcoin and carbon credit futures ETF to November 21. 7RCC, a crypto asset management firm, submitted a Bitcoin spot ETF application to the U.S. SEC last December, with 80% in Bitcoin and the rest in carbon credit futures, and Gemini will provide custody for the Bitcoin in the fund.
Project Updates
Magic Eden will release the ME token economic model on November 18.
The TON ecosystem Layer 2 project DuckChain will conduct an airdrop snapshot on November 18.
McDonald's is launching a Doodles-themed coffee and collectibles promotion from November 18 to the end of the year, with U.S. customers able to participate at 13,500 McDonald's locations.
The Sui ecosystem game studio Ambrus Studio's game E4C: Final Salvation will hold an IDO for the E4C token on November 19.
BNB Chain has announced that the BNB beacon chain hard fork will take effect on November 19, 2024 at 14:00 (block height 384,544,850). BNB beacon chain mainnet nodes must update to version 0.10.24. At that time, the BNB beacon chain will cease operation, and new transactions will no longer be processed.
The Non-Fungible Token (NFT) marketplace SuperRare will select 10 banana-themed artworks on November 19 to be auctioned under the new Rare Bananas contract series.
The Bitcoin EVM network Bitfinity Network will launch its mainnet on November 19.
Filecoin will undergo a network upgrade at block height 4,461,240 (estimated to be November 21, 2024 at 07:00).
Floki is collaborating with Animoca Brands' Forj to launch the IP MEME coin project Wise Monkey (MONKY) on November 21.
The perpetual contract protocol Rage Trade will begin RAGE token airdrop distribution on November 21, 2024, and has launched an airdrop claim page.
The Rivalz Network zNode sale will take place on November 21.
The Lisk Layer2 network airdrop activity will begin on November 21, with the first season lasting four months. Users can earn Lisk (LSK) tokens by completing tasks on the Lisk platform.
The Telegram gaming ecosystem MemeFi token will be launched on November 22.
Fuel pre-deposit participants must migrate their assets to Fuel Ignition before November 23 at 7:59, or their first-stage staking rewards will be forfeited.
The Story Protocol's final testnet Odyssey has launched, and Iliad will cease operations on November 24.
Event Preview
The application deadline for the latest Web3 "Alliance" YC incubator cohort, ALL14, is November 20.
The Blockchain Africa Conference will be held on November 20 in Tshwane, South Africa.
The Metaverse Expo Tokyo will be held from November 20 to November 22 in Tokyo, Japan.
Sotheby's auction house will begin auctioning artist Maurizio Cattelan's artwork "Comedian" - a banana taped to a wall - on November 21 at 10:00 PM, accepting cryptocurrency payments. The current estimate is $1 million to $1.5 million.
The Australian Crypto Convention will be held in Sydney from November 23 to 24.
Token Unlocks
According to Token Unlocks data, this week will see major one-time token unlocks for ROSE, ADA, and ENA, totaling over $20 million in value:
Avalanche (AVAX) will unlock approximately 1.67 million tokens on November 18 at 8:00, worth around $61.3 million, representing 0.41% of the circulating supply.
Oasis (ROSE) will unlock 176 million tokens on November 19 at 00:00, worth approximately $13.97 million, representing 2.62% of the circulating supply.
Cardano (ADA) will unlock 18.53 million tokens on November 21 at 8:00, worth approximately $13.12 million, representing 0.05% of the circulating supply.
Ethena (ENA) will unlock 12.86 million tokens on November 20 at 15:00, worth approximately $7.12 million, representing 0.45% of the circulating supply.
Governance Votes
The latest round of Jupiter community ASR voting, "JUP Mobile Background Vote," will close on November 20. Active Staking Rewards (ASR) voters must have at least 10 JUP staked to be eligible for rewards.
