Next week's highlights:
Nostr Assets announces the details of Fair Mint, the first phase will start on December 11;
Polygon co-founder: will publicly demonstrate the next generation ZK product on December 14;
Portal will start presale on December 14 (Presale);
Binance will stop supporting BUSD products on December 15;
CoinList: BitsCrunch token sale will start on December 15;
UniSat is expected to support the Atomicals protocol next week.
From December 11th to December 17th, more key events worth paying attention to in the industry are as follows.
December 11th
Chainlink will open the ordinary access of staking V0.2 on December 11
Odaily Planet Daily Chainlink announced that staking V0.2 will be launched this year, with specific schedule as follows: priority migration - 12:00 noon on November 28, 2023, Eastern Time; early experience - 12:00 noon on December 7, 2023, Eastern Time; ordinary access - 12:00 noon on December 11, 2023, Eastern Time.
Odaily Planet Daily The Cosmos ecosystem modular token issuance platform Eclipse Fi announced the ECLIP token economics on the X platform, as follows:
Total supply: 300,000,000 ECLIP;
Initial circulating supply: 20,550,000 ECLIP;
IDO price: $0.075 / FDV: $22,500,000;
Launch chain: Neutron (ECLIP will also be wrapped on Arbitrum and Ethereum).
In addition, the IDO whitelist application process will open next Monday.
The Gas Hero community test will end on December 11
Odaily Planet Daily The new game Gas Hero developed by the STEPN development team Find Satoshi Lab will end its community test on December 11, and will provide NFT props incentives to the top 100 players ranked during the test period (November 27-December 11).
Nostr Assets announces the details of Fair Mint, the first phase will start on December 11
Odaily Planet Daily Nostr Assets Protocol announced the details of Fair Mint, with a total of 21,000,000 NOSTR tokens, and the Fair Mint activity will distribute 18,900,000 tokens, with the first phase starting on December 11, and subsequent phases will be announced separately. In addition, Nostr Assets Protocol stated that it will airdrop to ORDI holders, with the snapshot completed at 05:00 on December 5 (UTC+8).
NFTFi platform Nai will start the free mint of the NFT Bull platform on December 11
Odaily Planet Daily NFTFi platform Nai will start the NFT Bull free mint activity at 16:00 UTC on December 11. The total supply of Bull is 1500, and the mint activity will last for 3 hours. Users need to hold a whitelist to participate, and the whitelist distribution will end on December 10. Currently, users can leave a message on the official Twitter to participate in the whitelist draw.
December 12th
Odaily Planet Daily The Financial Sector Conduct Authority (FSCA) of South Africa stated that as of November 30, 2023 (application deadline), it has received 128 cryptocurrency service provider license applications. The FSCA plans to review the statements of 36 licensees at the license execution committee meeting on December 12. Another 22 applications will be submitted on February 13. The remaining 14 applications must wait until March 12. The regulator did not specify the fate of all remaining applications, and explained its evaluation method as a comprehensive assessment of "know your customer" onboarding, data protection, network risk management, conflict of interest management, complaint handling, and credit counterparty risk management.
Previously reported, South Africa will require cryptocurrency exchanges to obtain licenses by the end of the year, which means that the FSCA may issue licenses to some cryptocurrency companies this month. (Cointelegraph)
Multi-chain DEX ApeBond: will end token migration and start ABOND distribution on December 12
Odaily Planet Daily Multi-chain DEX ApeBond (formerly ApeSwap) announced on the X platform that it will end token migration and start ABOND distribution in 10 days, at which point all work and utility will be transferred to the new token. Failure to migrate before 20:00 on December 12 will result in financial loss. Users are advised to migrate as soon as possible.
Scopechat will release the test version on December 12
Odaily Planet Daily According to the official announcement, Scopechat will release the test version on December 12, and users on the standby list ranked in the top 50,000 Scopepoints will be granted access.
December 13th
OKX Jumpstart launches Fusionist (ACE), will start ACE new coin mining on December 13
- According to the official announcement, OKX Jumpstart will launch the new project Fusionist (ACE). Mining for OKX Jumpstart will start at 14:00 on December 13, 2023, and BTC and OKB holders can obtain ACE token rewards by staking BTC and OKB. This OKX Jumpstart is only open to East Asian countries, excluding mainland China, Hong Kong, Macau, Mongolia, North Korea, and Japan, and KYC verification is required.
Core Scientific announces the latest bankruptcy plan, shareholders can vote before December 13
Core Scientific, a Bitcoin mining company, recently released a report outlining its plan to exit bankruptcy proceedings in early January 2024. The report is based on the third amended joint bankruptcy plan submitted on November 16 and includes audio comments from CEO Adam Sullivan.
According to the plan, common stock shareholders and holders of two types of convertible notes will receive compensation. Common stock shareholders will receive new shares at a ratio of 25:1. Holders of notes due in April 2025 will receive $1.628 for each $1 face value, and holders of notes due in August 2025 will receive $1.201 for each $1 face value. These funds will be distributed on January 3, 2024.
If an agreement is reached with major shareholders, Core Scientific will exit bankruptcy proceedings on January 5, 2024, with an expected net debt of $709 million and equity value of $791 million, with only $46 million in debt due by 2025.
Shareholders can vote on the plan before December 13, and the decision will be made by the Southern District of Texas Bankruptcy Court on December 22. If approved, the plan will take effect on January 5, 2024.
Core Scientific operates seven mining facilities in five states in the United States, with a total operating capacity of 724 megawatts. Core Scientific plans to add 372 megawatts of capacity by the 2027 fiscal year and expects its revenue to reach $583 million in 2024, growing to $968 million by 2027. (Cointelegraph)
December 14th
The Gyeonggi-do province of South Korea announced today that it has completed the revision of the "Gyeonggi-do Public Officials Code of Conduct Rules," which requires senior public officials in Gyeonggi-do of level 4 and above to report their holdings of virtual assets such as Bitcoin before September 1, and to verify and take preventive measures as necessary to prevent them from seeking personal gain in the course of their duties.
It is reported that the "Public Officials Ethics Act" requiring senior public officials to report virtual assets will be implemented on December 14. (News1)
Polygon co-founder: will publicly demonstrate the next generation ZK product on December 14
Polygon co-founder Sandeep Nailwal revealed some important milestones for Polygon in the next month on the X platform:
On December 7, Polygon will hold the offline event Polygon Connect in India; On December 14, Polygon will publicly demonstrate the next generation ZK product, which Sandeep says may become an important milestone for the entire Ethereum ecosystem; On December 20, Polygon will launch new products related to RWA and institutional adoption.
Portal will start presale on December 14 (Presale)
Web3 cross-chain game ecosystem Portal officially announced that it will start presale on December 14, and more details on participation, pricing, and process will be announced soon.
Connext will upgrade the Bacco network on December 14
Layer2 interoperability protocol Connext announced that it will upgrade the Bacco network on December 14. Connext stated that Bacco significantly reduces the operating costs of the network and enables Connext to quickly expand to new chains and Layer2. Bacco changes the way messages are passed between chains, with messages transmitted between chains through the Connext Sequencer (subject to dispute windows and observer disputes) rather than through the sequencer of other Rollups.
December 15th
Do Kwon, co-founder of Terraform Labs, has appealed the extradition decision of the Higher Court of Podgorica, Montenegro, and requested that the Montenegrin Court of Appeal must review the decision.
Due to the decision of the Montenegrin court to detain and extradite Do Kwon on June 15, it is expected that the Montenegrin Ministry of Justice will determine the country to which Do Kwon will be finally deported by December 15. (Digital Asset)
Binance will stop supporting BUSD products on December 15
According to the official announcement, Binance will stop supporting BUSD products on December 15, 2023, as Paxos has stopped minting new BUSD. The security of user assets is ensured, and BUSD will remain pegged to the US dollar at a 1:1 ratio. Paxos has stated that it will continue to support BUSD and keep the BUSD exchange channel open at least until February 2024.
Binance reminds users to withdraw their BUSD holdings before December 15, 2023, or convert their BUSD assets to other assets supported by the Binance platform. Users can trade their BUSD assets for FDUSD with zero fees on the Binance spot market, or exchange their BUSD assets for FDUSD at a 1:1 ratio on the flash exchange platform.
CoinList officially announced that the BitsCrunch (BCUT) token sale will start at 1:00 AM on December 15 (Beijing time) and registration is now open. BitsCrunch is a decentralized, AI-enhanced data network that provides analysis and forensic data for NFTs, wallets, and other public chain digital assets.
The token supply for this sale is 60,000,000 BCUT tokens, priced at 0.055 USDT. Additionally, 5,000,000 BCUT tokens are reserved for rewards, and 10,000,000 BCUT tokens (1% of the total supply) may be available for purchase during the BitsCrunch community sale, subject to BitsCrunch's decision.
The Worldcoin Foundation announced that payments to orb operators will be changed to WLD instead of USDC. Currently, the circulating supply of WLD tokens has exceeded 1% of its total supply of 10 billion tokens. Out of the approximately 134 million WLD tokens issued, 100 million are provided as loans to market makers, and 34 million are distributed as grants to users and orb operators.
- Worldcoin stated that the market maker loan, originally due on October 24, will be renewed as part of the agreement until December 15 of this year, with a reduction of 75 million tokens. As part of the agreement, the market maker will return or purchase a portion or all of the remaining 25 million tokens. (The Block)
Odaily Planet Daily reports that the Fantom Foundation has announced the launch of the Sonic Labs Entrepreneur Accelerator Program, aimed at promoting innovation within Fantom's new Sonic technology stack and providing resources and support for the next generation of Web3 entrepreneurs.
The program will select up to five projects, providing each project with funding support of 1 million FTM (approximately $294,000), as well as technical support, co-marketing, and mentorship.
The Fantom Foundation encourages eligible projects to apply, and developers can start building projects on Sonic on December 15. These projects will be launched alongside the Fantom Sonic mainnet in the spring of 2024.
The Sonic Labs program is open to all developers building new applications on the Fantom technology, including GameFi, DeFi, and more. Evaluation criteria for the competition include vision, utilization of Sonic technology, target user base, uniqueness, positive impact on the Fantom network and users, and brand. The application deadline is February 6, 2024. (Prnewswire)
BNB Chain announces TVL incentive program, competition to start on December 15
Odaily Planet Daily reports that BNB Chain has announced the TVL incentive program, aimed at encouraging projects to deploy on opBNB to prosper the opBNB ecosystem and provide incentive mechanisms for participating project teams.
According to the program, applications for project teams will be open from December 6, 2023, to December 14, 2023, and the competition will run from December 15, 2023, to January 14, 2024. The total prize pool can reach up to $160,000, and participating project teams will receive a corresponding share based on their ranking in the competition.
Lido initiates "Lido Community Staking Module" proposal, voting to end on December 15
Odaily Planet Daily reports that according to Snapshot, Lido has initiated a proposal called "Lido Community Staking Module," stating that the Lido community staking team is seeking approval from Lido DAO for the design of the Community Staking Module (CSM). This module will allow permissionless entry into the Lido validator set on Ethereum and will set certain bonding requirements.
Upon approval, the community staking team will further research and develop the proposed module and plan to propose the mainnet release and approval of all parameters to Lido DAO in a chain upgrade around the end of 2024.
Currently, the proposal has a support rate of 100% and will end on December 15.
December 16th
FTX Creditors Alliance: Preliminary stalking horse bid action to be announced by December 16
Odaily Planet Daily reports that the FTX Creditors Alliance FTX 2.0 Coalition has released the latest court updates on the X platform:
- The stalking horse bid will be announced by December 16. Note: A stalking horse bid is the initial public bid for a bankrupt company selected by the company, which can attract more potential buyers to submit competitive purchase prices;
- Motion for cryptocurrency claim valuation in November;
- Client names to remain anonymous (permanently for natural persons).
Linea launches Voyage Wave 7: Trading, to continue until December 16
Odaily Planet Daily reports that Linea has announced the launch of Voyage: DeFi event Wave 7: Trading on the X platform, focusing on complex DeFi trading products. The event will run for 9 days, ending on December 16.
Linea Voyage: DeFi event will last for 6 weeks, with a total of 10 events and 10 core tasks. Users will be able to interact with over 80 DApps, covering aspects such as wallets, bridging, swapping, lending, liquidity provision, yield farming, and more.
December 17th
Cosmos initiates "Allocate 900,000 ATOM to stATOM/ATOM pool" proposal, voting to end on December 17
Odaily Planet Daily reports that the Cosmos Hub has initiated a vote to "Allocate 900,000 ATOM to the Osmosis stATOM/ATOM pool," aiming to increase the liquidity of ATOM by allocating 900,000 ATOM to the stATOM/ATOM pool.
The proposal suggests placing 90% of the funds in Osmosis's static liquidity position and 10% in the upcoming stATOM/ATOM Dynamic S+ vault by Quasar to enhance long-term benefits. The LP'ing strategy will generate income based on exchange fees for the Cosmos Hub community pool.
Voting has already begun, with an approval rate of 67.1% and a disapproval rate of 6.0%. The voting will end on December 17.
Other (Specific time undetermined)
Odaily Planet Daily reports that Paradigm researcher Dan Robinson stated on the X platform, "In order to set a better precedent for projects that may attempt to emulate Blast, we have collaborated with Blast to design a new timelocked upgrade system, expected to go live next week. The code has been open-sourced, and any developer can use it for free."
UniSat expected to support Atomicals protocol next week
Odaily Planet Daily reports that UniSat announced on the X platform that it will support the Atomicals protocol, expected to go live next week. Additionally, UniSat will waive market service fees.
According to official sources, the Safe (formerly Gnosis Safe) team has discovered an issue in version 0.1.0 of its 4337 Canonical module. The team urgently requests all teams using this version to immediately disable it and wait for the audit of version 0.2.0 to be completed. The audit for version 0.2.0 is expected to be completed next week, bringing additional functionality. Safe added that the module is only for the testnet, and there is no risk to funds. Users do not need to take any action.
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