News Preview:
- The Chicago Options Exchange will launch its first cash-settled Bitcoin-related options product on December 2;
- MoveDrop will allocate 10% of the total token supply to the community, and users need to complete the relevant registration by December 2 or they will lose the eligibility to claim;
- Fox Business reported that the New York regulatory authority will approve Ripple's issuance of the stablecoin RLUSD, which is expected to be launched on December 4;
- The founder of a16z: Discussing the establishment of an entity organization with a16z, and will launch the a16z DAO autonomous trading function next week;
- Taiko (TAIKO) will unlock about 9.29 million tokens at 8 PM Beijing time on December 5, accounting for 11.38% of the current circulating supply, worth about $20.9 million;
- Cardano (ADA) will unlock about 18.53 million tokens at 8 AM Beijing time on December 6, accounting for 0.05% of the current circulating supply, worth about $19.8 million;
- SynFutures (F) will officially launch on December 6
December 2
Exchanges:
The Chicago Options Exchange (CBOE) announced that it plans to launch the first batch of cash-settled index options related to the spot price of Bitcoin starting on Monday, December 2. These options will be exclusively listed and traded on the CBOE Options Exchange, regulated by the U.S. Securities and Exchange Commission, and based on the new CBOE Bitcoin U.S. ETF Index. Rob Hocking, Global Head of Product Innovation at CBOE, said: "The series of new options we are launching based on the CBOE Bitcoin U.S. ETF Index provides traders with a timely and highly attractive solution to efficiently access the Bitcoin spot market. We expect the unique advantages of cash settlement, combined with the introduction of a variety of index-sized options and flexible options, will provide customers with greater flexibility in their trading strategies. Our index options offer a unique value proposition, and we believe this will be attractive to both institutional participants and retail traders who want to profit from or hedge Bitcoin price volatility without directly holding the asset."
Project Dynamics:
The Movement Network Foundation announced the MoveDrop airdrop plan, aiming to reward early users and community members of Movement. MoveDrop will distribute 1,000,000,000 $MOVE (10% of the total supply) to the community, including eligible participants such as Road to Parthenon participants, Battle of Olympus winners, Gmovers, designated communities, and Movement testnet builders. Users can visit the MoveDrop website and register, with the deadline being 2 PM UTC on December 2, 2024. After the TGE (soon to come), users can check their MoveDrop eligibility and claim the airdrop. Failing to register on time will result in the loss of the MoveDrop claim eligibility.
Users can choose to receive $MOVE on the Ethereum mainnet, or wait until the Movement Network mainnet launch (upcoming) to receive $MOVE, which will generate a 1.25x reward multiplier. The Movement Network Foundation also stated that they plan to distribute more $MOVE tokens in future events.
The blockchain game Big Time will release its player-versus-player (PvP) mode on December 2
Big Time Studios announced that its NFT video game Big Time will release its player-versus-player (PvP) mode on December 2.
Governance Voting:
ZKsync has released the governance proposal ZIP-002, which plans to shorten the execution delay of all ZK chains from 21 hours to 3 hours, in order to improve user experience (such as CEX withdrawal speed) and operational efficiency, while the Security Committee will monitor network anomalies to ensure security. The proposal vote will be launched on December 2, and if passed, it will optimize the transaction efficiency of the ZKsync Era and Elastic Chain ecosystems.
Token Unlocks:
Dora Factory (DORA) will unlock about 28.57 million tokens at 8 AM Beijing time on December 2, accounting for 2.86% of the current circulating supply, worth about $3.5 million
December 3
Project Dynamics:
Bitwise expects to convert its three futures-based ETFs into a single ETF on December 3
Bitwise announced the launch of the Bitwise Trendwise Bitcoin and Treasury Bond Rotation Strategy ETF (BITC), which combines Bitwise's Bitcoin Strategy Optm Roll ETF (BITC), Bitwise Ethereum Strategy ETF (AETH), and Bitwise Bitcoin and Eth Eq Wgh Str ETF (BTOP). Bitwise stated in a statement that the launch of its spot Bitcoin and Ethereum ETFs earlier this year has reduced the appeal of crypto-based futures funds for investors seeking long-term capital appreciation. With the new fund, asset managers can rotate between a 100% exposure to crypto futures contracts and a 100% exposure to U.S. Treasuries based on market trends, better managing the volatility of the crypto market. Bitwise is converting its three futures-based ETFs into a single ETF, and the conversion is expected to take place on December 3.
DIN, the first modular AI data preprocessing layer, has launched a 375,000 DIN token airdrop activity in collaboration with the Binance Web3 wallet, which will last until December 3. During the event, users only need to enter the activity page and complete corresponding tasks, such as registering a Binance account, connecting the Binance Web3 wallet, following relevant social media, completing daily Boosts, and inviting friends, to participate in the 375,000 DIN token distribution. In addition, DIN has opened Chipper node pre-mining, and all users who participate in the Binance Web3 wallet activity and complete the daily Boost task will automatically join the pre-mining and receive additional airdrop credits. During DIN's TGE phase, all users will receive DIN tokens based on their held airdrop credits. These tokens will be 100% released at the time of TGE, without any locking or linear unlocking mechanisms.
December 4
Project Dynamics:
According to a report by FOX Business citing informed sources, New York's top cryptocurrency regulatory authority is about to approve a new stablecoin called RLUSD issued by the cross-border payment company Ripple. The informed sources said that the New York Department of Financial Services has indicated to Ripple that it will approve the product, and the company plans to launch the product on December 4. If approved, Ripple will be able to legally offer its RLUSD stablecoin to the public, making it a major participant in New York's regulated digital finance market and the broader stablecoin ecosystem.
Clanker plans to distribute user fee-sharing earnings on December 4
The Base ecosystem AI agent Clanker posted on the X platform that it plans to distribute user fee-sharing earnings on December 4. Previous news stated that Clanker's contract upgrade supports users to claim 40% of the fee sharing.
Sophon will open KYC verification from December 4
Sophon officially announced that its mainnet will be officially launched on December 18, focusing on the on-chain entertainment ecosystem, including ticketing, mobile games, AI agent platform, prediction market, cross-chain bridge, decentralized exchange, and Memecoin Launchpad. The SOPH token will be released in two phases: the first phase is Genesis, providing a Gas-free experience to test network stability, but the tokens cannot be transferred yet. Node rewards will start to accumulate from January 1, 2024. In addition, Sophon will open KYC verification from December 4, and launch the Guardian application and start the member claim and delegation process on December 18, aiming to build the on-chain entertainment future through real users and practical scenarios, and plans to introduce listed companies and mature game projects to accelerate user onboarding.
Token Unlocks:
Ethena (ENA) will unlock about 12.86 million tokens at 3 PM Beijing time on December 4, accounting for 0.45% of the current circulating supply, worth about $10.5 million.
Eigenlayer (EIGEN) will unlock about 1.29 million tokens at 3:00 AM Beijing time on December 4, accounting for 0.69% of the current circulating supply, with a value of about $4.9 million
Staika (STIK) will unlock about 1.57 million tokens at 8:00 AM Beijing time on December 4, accounting for 0.00% of the current circulating supply, with a value of about $2.4 million
December 5
Policy and Regulation:
The Federal Reserve released the Beige Book on economic conditions; Federal Reserve Chairman Powell was invited to be interviewed at the DealBook/Summit conference hosted by The New York Times
Exchanges:
Monex Group, a Japanese securities firm and crypto exchange operator, announced that its subsidiary Coincheck Group BV (CCG) had its registration statement (Form F-4) filed with the US Securities and Exchange Commission (SEC) become effective on November 12, which will greatly advance the process of Coincheck's listing on the Nasdaq in the US.
According to the published schedule, the special purpose acquisition company (SPAC) Thunder Bridge Capital Partners IV (THCP) will hold a shareholder meeting on December 5, and the merger is expected to be implemented around December 10. CCG's stock (ticker: CNCK) is expected to start trading on the Nasdaq the next trading day after the merger is completed. This Coincheck listing is achieved through the merger with THCP announced in March 2022. The initial plan was to complete it in the second half of that year, but it has since undergone three contract amendments, in May 2023, May 2024 and October 2024, before finally obtaining SEC approval.
Project Dynamics:
Nissan Motor will issue 5,523 limited edition member NFTs on December 5
Nissan Motor Co., Ltd. announced that it will launch a new member service "NISSAN PASSPORT BETA" on December 5, with plans to issue 5,523 limited edition member NFTs to participate in special experiences. The details of the service are still unclear, but the teaser website shows that this seems to be a new customer engagement initiative using Web3 technology, and is expected to provide special product experiences and pre-information for NFT holders.
Gala Film will launch the FILM token on December 5
Gala Film, the film platform of the blockchain gaming studio Gala Games, announced that it will launch its official reward and utility token FILM on December 5.
Lumoz will airdrop a total of 15 million esMOZ to ZKFair users, ending on December 5
Modular Computing Layer & RaaS platform Lumoz announced an airdrop to ZKFair staking users. The event will run from November 5 to December 5, with 500,000 esMOZ airdropped daily based on user staking weights, for a total of 15 million esMOZ. The airdrop snapshot will be taken at 8:00 AM (UTC+8) every day, and users can check the details on the Lumoz official airdrop page after 10:00 AM (UTC+8). The airdrop claim will be conducted after the Lumoz mainnet launch. ZKFair adopts a 100% fair launch token model, with technical and computing power support provided by the ZK-RaaS platform Lumoz. Lumoz completed its Pre-A round and strategic financing earlier this year, with a total financing amount of $14 million to date and a latest valuation of $300 million. Participating institutions include OKX Ventures, Hashkey Capital, IDG, Web3port Foundation and Polygon.
Token Unlocks:
Taiko (TAIKO) will unlock about 9.29 million tokens at 8:00 PM Beijing time on December 5, accounting for 11.38% of the current circulating supply, with a value of about $20.9 million
Delysium (AGI) will unlock about 8.57 million tokens at 8:00 AM Beijing time on December 5, accounting for 0.67% of the current circulating supply, with a value of about $2.1 million
Everclear (NEXT) will unlock about 20.11 million tokens at 8:00 AM Beijing time on December 5, accounting for 18.82% of the current circulating supply, with a value of about $2.6 million
December 6
Project Dynamics:
SynFutures (F) will be officially launched on December 6
The F token of SynFutures will be officially launched on December 6. SynFutures previously announced its foundation plan and F token economic model, with a total supply of 10 billion, of which 28.5% is for the community, 23.5% for early supporters and advisors, 15% for core contributors, and 25% for the foundation treasury. As the leading perpetual contract exchange in the Base ecosystem, SynFutures has launched the industry's first Perp Launchpad, supporting the perpetual contract market for blue-chip tokens, LST, meme and other asset types, providing users with an innovative trading experience.
Farcaster plans to launch a more feature-rich updated version on December 6
Dan Romero, the founder of the decentralized Web3 social protocol Farcaster, detailed the updates to Frames, which had caused the protocol's user count to surge 400% in a week. Romero said on X that the new Frames v2 specification "will support interactive applications, on-chain transactions, and user notifications, which will drive the emergence of many new social applications." Additionally, in another post linking to the Frames v2 developer preview, Romero stated, "We've significantly improved the reliability and speed of transactions and signed messages on mobile devices using the Mobile Wallet Protocol and Rainbow." Romero emphasized that the new Frames specification will be launched on web and mobile on November 27, with a more feature-rich updated version to be released on December 6. According to the complete specification on GitHub, the fully stable version is expected to be released in January or February next year.
Token Unlocks:
Cardano (ADA) will unlock about 18.53 million tokens at 8:00 AM Beijing time on December 6, accounting for 0.05% of the current circulating supply, with a value of about $19.8 million
Cetus Protocol (CETUS) will unlock about 8.33 million tokens at 8:00 AM Beijing time on December 6, accounting for 1.37% of the current circulating supply, with a value of about $3.1 million
December 7
None
December 8
None
Specific Time to be Determined
Project Dynamics:
Crypto KOL Mark summarized the project information updated by ai16z founder Shaw on the X platform. This includes:
- Plan to launch the ai16z DAO's self-trading function next week, and promise not to tweet until everything is completed;
- A top-tier CEX wants to list ai16z, but requires ai16z to first establish a legal entity;
- Discussing the launch of DUNA (decentralized non-profit organization: legal DAO formation in Wyoming) with the actual a16z;
- Negotiating potential collaborations with Ethereum Foundation, Magic Eden, Jupiter and other companies;
- The ai16z Open Council will be co-founded with Nous Research (top open-source AI company) and Loot Realms.
Governance Voting:
Jupiter co-founder Meow stated on the X platform that the first Jupuary vote has ended, with the vote not reaching the required 70% to pass, with 58% in favor and 42% against. 364 million JUP participated in the vote, with over 12,000 verified vote feedback received, many of which were lengthy and detailed. Since a 70% absolute majority is sought, a second vote will be held. The new proposal vote is scheduled for early next week. The plan for the next few days is:
- Review all feedback from various sources
- Address all major concerns and opposition areas
- Propose a new proposal that can be supported
