Weekly Preview | Binance will list NFP on December 27th; Optimism (OP) will unlock approximately 24.16 million tokens, worth over 80 million US dollars.

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Upcoming Events:

  • dydx (DYDX) will unlock approximately 2.16 million tokens worth nearly $6.8 million on the evening of December 26.
  • UniSat will start supporting ARC20 from December 26.
  • Yield Guild Games (YGG) will unlock approximately 16.69 million tokens worth nearly $7 million on the evening of December 27.
  • Optimism (OP) will unlock approximately 24.16 million tokens worth nearly $83 million at noon on December 30.
  • The Arbitrum ecosystem game Layer3 Xai will distribute the first season airdrop on December 27.
  • Binance will list NFP on December 27, 2023, at 18:00 (Beijing time).
  • The Fuji Finance development team will close the company and cease operations, and users need to withdraw their funds before December 31.

December 25

Exchanges:

Osaka Digital Exchange to Start Japan's First Digital Securities Trading on December 25

Osaka Digital Exchange Co. will start Japan's first digital securities trading on December 25, beginning with real estate investor Ichigo Inc.'s issuance of security tokens. Ichigo will sell approximately 3 billion yen (about $20.1 million) worth of real estate investment-backed securities.

Project Updates:

Balancer Creates Dedicated Claim Submission Tool, Claim Acceptance Period Ends on December 25

According to the announcement released by DeFi liquidity protocol Balancer on October 27, it has created a dedicated "claim submission form" to facilitate the research phase. Following the BIP-445 proposal, Balancer governance voters (veBAL) decided to conduct a phase of research to identify the active wallet list of users reporting losses related to vulnerabilities. The goal of this research is to gain a deeper understanding of the nature of the reported losses and provide background information to clarify the next steps towards compensation. The claim acceptance period is 60 days and will end on December 25. Previously, the Balancer front end was attacked in September, resulting in approximately $238,000 in losses.

Token Unlock:

Acala (ACA) will unlock approximately 4.66 million tokens worth about $380,000 at 8:00 am on December 25.

December 26

Exchanges:

Binance Extends Deadline for Withdrawal of 12 Delisted Tokens Including BEAM to December 26

Binance has released an update on the withdrawal of delisted tokens and the conversion of some tokens to USDT. Binance will reopen the withdrawal service for 12 delisted tokens, including Aion (AION), Beam (BEAM), Bitcoin Diamond (BCD), GoChain (GO), Neblio (NEBL), Nebulas (NAS), Neutrino Token (NSBT), Nexus (NXS), Viacoin (VIA), Skycoin (SKY), Songbird (SGB), and YOYOW (YOYO), from 08:00 on December 5, 2023, to 07:59 on December 26, 2023 (GMT+8). After the deadline, the withdrawal service for these delisted tokens will no longer be supported.

In addition, Binance will take a snapshot of users' holdings in the Binance wallet at 08:00 (GMT+8) on December 26, 2023, and convert the balances of BEAM, BCD, GO, NEBL, NAS, NSBT, and SGB tokens to the equivalent USDT. Binance will convert the balances of the above seven tokens in users' wallets to the equivalent USDT by 07:59 on June 26, 2024 (GMT+8). The average exchange rate of token to USDT during the exchange period from December 26, 2023, to June 26, 2024 (GMT+8) will be used as the exchange rate.

UniSat Announces ARC20 Asset Listing Schedule, Will Start Supporting ARC20 from December 26

The UniSat team has announced the ARC20 asset listing schedule. Starting from December 26, the UniSat Wallet will support ARC20 assets, the UniSat Marketplace will open for trading on December 28, and UniSat Inscribe will provide related services on December 30.

Token Unlock:

dydx (DYDX) will unlock approximately 2.16 million tokens worth nearly $6.8 million on the evening of December 26.

December 27

Exchanges:

Binance Launchpool to List NFPrompt (NFP) on December 27

Binance Launchpool will launch the 41st project, NFPrompt (NFP), a Web3 creator-focused AI-driven user-generated content (UGC) platform, in fair mode. Users can mine by staking BNB, FDUSD, and TUSD, and staking mining started at 08:00 on December 20, 2023 (Beijing time). In addition, Binance will list NFP on December 27, 2023, at 18:00 (Beijing time) and open trading pairs for NFP/BTC, NFP/USDT, NFP/BNB, NFP/FDUSD, NFP/TUSD, and NFP/TRY. Seed tags will be applied to NFP.

Project Updates:

Arbitrum Ecosystem Game Layer3 Xai to Distribute First Season Airdrop on December 27

The Arbitrum ecosystem game Layer3 Xai announced on X platform that it will distribute the first season airdrop on December 27. The Xai Odyssey legends and pioneers participants have been snapshot, and Xai Sentry Keys holders have not been snapshot. The listing on the trading platform will be announced after the airdrop starts.

VictionHorizon Hackathon has started, and online submissions will end on December 27

Layer1 blockchain Viction (formerly TomoChain) announced the launch of the Viction Horizon Hackathon, with total rewards exceeding $200,000, covering five tracks: social, gaming, payments, stablecoins, and DeFi. The online submission period is from December 4, 2023, to December 27, 2023, the judging period is from December 28, 2023, to January 5, 2024, and the Demo Day is from January 8, 2024, to January 9, 2024. The hackathon has received support from Coin98 Super Wallet, BTSEExchange, DWF Labs, Verichains, Poolz, RockX, BlockPi, Renverse, and Covalent, among others.

Manta Network and SPACEID will collaborate to launch .manta domain names, and FCFS registration will open on December 27

Manta Network is collaborating with SPACE ID3.0 infrastructure to launch .manta domain names. The pre-registration activity will be divided into two phases: the auction phase will take place from 20:00 on December 22, 2023, to 20:00 on December 26, 2023 (Beijing time); the first-come, first-served (FCFS) registration phase will take place from 22:00 on December 27, 2023, to 22:00 on January 1, 2024 (Beijing time). In addition, public registration will open at 23:00 on January 1, 2024 (Beijing time).

Token Unlock:

Yield Guild Games (YGG) will unlock approximately 16.69 million tokens worth nearly $7 million on the evening of December 27.

December 28

Exchanges:

HashKey Exchange Plans to Launch Its Market Maker Project on December 28

According to an official announcement from HashKey Exchange: In order to reward users who contribute to liquidity and incentivize more users to provide liquidity, the market maker project will officially go live starting at 14:00 (UTC+8) on December 28, 2023. HashKey Exchange also provided information on how to apply to become a market maker on HashKey Exchange and the market maker fee rate levels.

Project Updates:

RPGF Airdrop Launched by Namada to End on December 28

Namada, a privacy-focused Layer1 protocol, announced the launch of the Retrospective Public Goods Fund (RPGF) airdrop and invited 7,094 researchers and developers, 191,715 on-chain accounts, BadKids, and 2,510 contributors in Namada's trusted setup to participate. This airdrop will distribute a total of 65 million NAM tokens, accounting for 6.5% of the total supply. The airdrop will end at 17:00 on December 28, 2023 (Beijing time). Eligible participants can submit their accounts through the official airdrop page, and the submitted accounts will be included in the Namada Genesis Block proposal presented by the Anoma Foundation, along with the corresponding NAM tokens. Once the Namada mainnet is live, RPGF Drop participants will be able to access their submitted accounts directly on-chain. NAM is the native currency of the Namada network, used for governance, protocol management, privacy usage, and funding public goods.

Token Unlock:

SingularityNET (AGIX) will unlock approximately 9.25 million tokens worth nearly $3.2 million at 8:00 am on December 28.

December 29

Exchanges:

Binance Futures to Launch USDⓈ-M & COIN-M Quarterly 0628 Delivery Contracts on December 29

Binance Futures announced that the USDⓈ-M and COIN-M quarterly 1229 delivery contracts will expire and settle at 16:00 (Beijing time) on December 29, 2023, and the USDⓈ-M and COIN-M quarterly 0628 delivery contracts will be listed within hours after the expiration and settlement.

Project Updates:

Wormhole and Borderless Capital Collaborate to Launch Base Camp Accelerator Program, Application Deadline on December 29

Cross-chain protocol Wormhole announced a collaboration with Outlier Ventures and Borderless Capital to launch the Wormhole Base Camp accelerator program. This 12-week program will support web3 projects looking to leverage the Wormhole cross-chain messaging protocol, and participating teams will receive a $200,000 investment, workshops with theme experts from Outlier Ventures and the Wormhole core contributor group, as well as guidance from industry experts. The application deadline for this accelerator program is December 29, and the first batch of participants is scheduled to start in January 2024. This program is supported by the $50 million cross-chain ecosystem fund launched by Borderless Capital in May 2023. At the end of November, Wormhole announced a $225 million funding round at a valuation of $2.5 billion and established Wormhole Labs.

Fixed-rate lending protocol Yield Protocol will cease operations, and all lending activities will end on December 29

The fixed-rate lending protocol Yield Protocol announced that it will cease operations. Due to the current low demand for fixed-rate borrowing on Yield Protocol and increasing regulatory requirements in the United States, Europe, and the United Kingdom, the team has decided to discontinue the development of the protocol.

While Yield Protocol will not launch the fixed-rate series for March 2024, it will continue to provide full support for the December 2023 series. All lending activities on Yield Protocol will end on December 29, 2023.

December 30

Token Unlock:

X2Y2 (X2Y2) will unlock approximately 37.5 million tokens worth about $520,000 at 10:55 am on December 30.

Optimism (OP) will unlock approximately 24.16 million tokens worth nearly $83 million at noon on December 30.

December 31

Exchanges:

Binance to Halt BUSD Withdrawal Service on December 31

Starting from 11:00 on December 31, 2023 (GMT+8), the BUSD withdrawal service will be suspended, and users' BUSD balances on Binance accounts (excluding users from Japan, France, Italy, Poland, and Kazakhstan) will be automatically converted to FDUSD at a 1:1 ratio. Afterward, users can continue to deposit BUSD to Binance and manually convert their BUSD to FDUSD at a 1:1 ratio until further notice. It is expected that around December 2023, the collateral assets of Binance-Peg BUSD will be converted to FDUSD at a 1:1 ratio. Users will be notified separately when the collateral asset conversion is completed.

Project Updates:

Tokenlon's Bitcoin Cross-chain Gateway to Cease Services for Individual Investors on December 31

In response to regulatory policies in various regions, to enhance service compliance, and to ensure the security of on-chain funds, Tokenlon's Bitcoin cross-chain gateway service policy has been adjusted to cease services for individual investors, and the imBTC redemption channel will close at 23:59 on December 31, 2023 (UTC+8), and will only serve institutional clients in the future. Previously, at the end of August, Tokenlon had already stopped minting services for individual investors. Additionally, to help community users cross-chain BTC tokens to the Ethereum network, Tokenlon launched the Bitcoin cross-chain gateway service and imBTC (1:1 pegged to BTC) at the end of 2019, serving a total of 4,555 addresses and 127,509 transactions to date.

Render Network to Distribute 300,000 RNDR Rewards to New Node Operators by December 31

Decentralized 3D rendering solution provider Render Network has announced that it will distribute 1.14 million RNDR rewards to new node operators who join Render Network through the computing client, with a commitment to distribute 300,000 RNDR by December 31.

Nostr Assets to Airdrop TREAT or TRICK to ORDI Holders, Claim Deadline on December 31

Bitcoin Lightning Network Nostr Assets Protocol announced on Twitter that ORDI holders are now eligible to claim 100 TREAT or TRICK airdrop. Users need to undergo verification to check their eligibility. Additionally, users holding ORDI using the OKX Web3 wallet can receive an additional 10% airdrop bonus. The claiming period for this airdrop runs from 23:00 on December 10 to 08:00 on December 31 (Beijing time). The total airdrop amount is 1,249,540 tokens, with 10,093 independent accounts and 2,184 OKX accounts eligible for claiming.

Mysten Labs Opens Quest 3 Reward Claiming, Deadline on December 31

Mysten Labs announced the conclusion of the final phase of Quest 3 and the opening of the reward claiming for Quest 3. A total of 5 million SUI rewards will be distributed to 164,000 participants. The reward portal will remain open until 15:59 on December 31 (Beijing time). Quest 3 primarily focuses on gaming projects on the Sui network, including nine participating applications.

ZK-RaaS Platform Opside Alpha Incentivized Testnet Expected to End on December 31

Opside officially stated that its Alpha incentivized testnet activity went live on September 6 (Beijing time) and is expected to end on December 31, 2023. Developers, miners, validator nodes, and users can participate and earn points, which will be exchanged for mainnet tokens once Opside mainnet is live. After this testnet phase, Opside plans to launch the mainnet in the first half of next year.

Fuji Finance Development Team to Shut Down Company and Cease Operations, Users to Withdraw Funds by December 31

Cross-chain lending protocol Fuji Finance stated on its official blog, "Since February this year, the Fuji team has been raising funds to continue developing the protocol and building the future of cross-chain DeFi operations. However, due to the inability to find a market-fit product and with the team's funds dwindling, the fundraising activities show no signs of ending, and the team has decided to shut down the company and cease operations. Users must withdraw their funds through Fuji's user interface by December 31, 2023. After the new year, users will need to interact directly with smart contracts unless community members decide to continue maintaining the frontend application."

Token Unlock:

Sui (SUI) will unlock approximately 4 million tokens worth nearly $2.8 million at 8:00 am on December 31.

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