This Week's Noteworthy Events(Oct 28, 2024-Nov 3, 2024)

Token Unlocking

SingularityNET (AGIX) will unlock approximately 8.07 million tokens at 00:00 UTC on October 28, with a proportion of 2.11% of the current circulating supply, valued at approximately $4.3 million.

Velo (VELO) is scheduled to unlock approximately 182 million tokens at 00:00 UTC on October 29, with a proportion of 2.47% of the current circulating supply, valued at approximately $2.3 million.

Celestia (TIA) is set to unlock approximately 175.6 million tokens at 14:00 UTC on October 30, with a proportion of 79.75% of the current circulating supply, valued at approximately $941 million.

Ethena (ENA) will unlock approximately 12.86 million tokens at 07:00 UTC on October 30, with a proportion of 0.47% of the current circulating supply, valued at approximately $4.5 million.

Eigenlayer (EIGEN) will unlock approximately 1.29 million tokens at 19:00 UTC on October 29, with a proportion of 0.69% of the current circulating supply, valued at approximately $3.8 million.

Optimism (OP) will unlock approximately 31.34 million tokens at 00:00 UTC on October 31, with a proportion of 2.50% of the current circulating supply, valued at approximately $49.5 million.

Tribal Token (TRIBL) will unlock approximately 22.07 million tokens at 00:00 UTC on October 31, with a proportion of 19.06% of the current circulating supply, valued at approximately $13.4 million.

Sui (SUI) will unlock approximately 64.19 million tokens at 00:00 UTC on November 1, with a proportion of 2.32% of the current circulating supply, valued at approximately $116 million.

Immutable (IMX) will unlock approximately 32.47 million tokens at 00:00 UTC on November 1, with a proportion of 1.98% of the current circulating supply, valued at approximately $43.19 million.

ZetaChain (ZETA) will unlock approximately 53.89 million tokens at 00:00 UTC on November 1, with a proportion of 11.72% of the current circulating supply, valued at approximately $36.6 million.

dYdX (DYDX) will unlock approximately 8.33 million tokens at 00:00 UTC on November 1, with a proportion of 1.29% of the current circulating supply, valued at approximately $8.1 million.

Delysium (AGI) will unlock approximately 34.38 million tokens at 00:00 UTC on November 1, with a proportion of 2.85% of the current circulating supply, valued at approximately $5.5 million.

Grass's First Airdrop to Begin on October 28 at 21:30

According to official sources, Grass's first airdrop will begin on October 28, 2024, at 21:30 Beijing time. The Grass Foundation stated that GRASS Airdrop One is one of the most widely distributed airdrops in history. Airdrop One marks a significant step toward building the first user-owned internet map.

GRASS tokens will be used for network buybacks, paying network fees, staking to ensure the security of network infrastructure, rewarding user contributions, and granting governance rights to token holders.

Optimism: Voting for Superchain Contributors in Seasons 5 and 6 Begins on October 28

Optimism posted on the X platform that up to 3.5 million OP tokens will be allocated to contributors of Optimism Governance during Seasons 5 and 6. This means contributors from October 2023 to September 18, 2024, will be rewarded. If you've contributed to Superchain governance, take note of the following dates:

·Registration: September 26 - October 10

·Application Review Process: October 14 - October 28

·Voting: October 28 - November 7

·Results Announcement: November 19

Bitcoin Mining Company Bitfarms to Hold Special Shareholders Meeting on October 29 for Board Restructuring, Requested by Riot Platforms

Bitcoin mining company Bitfarms has officially scheduled a special shareholders meeting for October 29, 2024, in response to Riot Platforms' request made on June 24.

According to the Bitfarms announcement, all shareholders registered as of September 26, 2024, are eligible to vote, though no further action is required at this time. Bitfarms stated that a special committee of independent board members, with the assistance of financial and legal advisors, reviewed the meeting request and unanimously set the meeting and record date. The core agenda of the meeting will focus on voting to remove the current Chairman and interim CEO Nicolas Bonta, board member Andrés Finkielsztain, and recently appointed board member Fanny Philip, who replaced co-founder Emiliano Grodzki, who was dismissed by shareholders. Bitfarms appointed Ben Gagnon as the new CEO on July 8, but he has not yet joined the board and is therefore not a removal target. Additionally, Riot Platforms has nominated three candidates for the Bitfarms board: John Delaney, an expert in government and public affairs; Amy Freedman, a corporate governance and capital markets specialist; and Ralph Goehring, a seasoned CFO in finance and energy sectors. Although Riot Platforms previously proposed a $950 million acquisition of Bitfarms in April, it withdrew the offer due to the “lack of meaningful engagement by the current board.” However, Riot Platforms has continued to increase its stake in Bitfarms, becoming its largest shareholder with approximately 14.9% ownership.

Magic Eden: TestME Eligibility to be Announced, Runs from October 29 to 31

Magic Eden posted on X that “TestME (ME test tokens)” will run from October 29 to October 31. While it has no monetary value, TestME allows users to become familiar with the token claim process. By participating, users can also ensure their wallets are correctly linked and prepare for the official ME token claim. Magic Eden stated that the ME test token claim will take place at the end of October, followed by the release of the tokenomics.

Binance Blockchain Week to Take Place in Dubai, CZ to Attend in a Personal Capacity

CZ announced on X that he will be attending Binance Blockchain Week, one of the largest Web3 events of the year, in Dubai from October 30 to 31 in a personal capacity.

Former FTX Executive Nishad Singh to be Sentenced on October 30, Co-Founder Gary Wang on November 20

According to court records, former FTX executive Nishad Singh will be sentenced on October 30 after testifying against FTX co-founder Sam Bankman-Fried. Co-founder Gary Wang will be sentenced on November 20.

OneKey Card to Gradually Discontinue Services, Remaining Balances to be Transferred to User Wallets by October 31

According to an announcement on the OneKey website, OneKey Card services will be gradually discontinued to enhance service quality and optimize the user experience. The timeline is as follows:

·From September 30, 2024: Registration and top-up functions have been stopped.

·On October 31, 2024: All remaining balances will be securely transferred to users' wallets and can be withdrawn at any time.

·By January 31, 2025: OneKey Card services will be fully terminated.