This Week's Noteworthy Events(Nov 1, 2024–Nov 10, 2024)

Token Unlocks

• Delysium (AGI) will unlock approximately 8.57 million tokens at 00:00 UTC on November 5, making up 0.71% of the circulating supply, valued at approximately $1.4 million.

• Ethena (ENA) will unlock approximately 12.86 million tokens at 09:00 UTC on November 6, making up 0.45% of the circulating supply, valued at approximately $4.5 million.

• Eigenlayer (EIGEN) will unlock approximately 1.29 million tokens at 19:00 UTC on November 5, making up 0.69% of the circulating supply, valued at approximately $3.1 million.

• Cetus Protocol (CETUS) will unlock approximately 8.3 million tokens at 00:00 UTC on November 6, making up 2.61% of the circulating supply, valued at approximately $1.5 million.

• Heroes of Mavia (MAVIA) will unlock approximately 1.15 million tokens at 00:00 UTC on November 6, making up 3.64% of the circulating supply, valued at approximately $1.3 million.

• Neon (NEON) will unlock approximately 53.91 million tokens at 00:00 UTC on November 7, making up 44.92% of the circulating supply, valued at approximately $21.2 million.

• GoGoPool (GGP) will unlock approximately 840,000 tokens at 00:00 UTC on November 7, making up 11.79% of the circulating supply, valued at approximately $3.7 million.

• Hashflow (HFT) will unlock approximately 13.62 million tokens at 00:00 UTC on November 7, making up 2.92% of the circulating supply, valued at approximately $1.6 million.

• Banana Gun (BANANA) will unlock approximately 250,000 tokens at 00:00 UTC on November 8, making up 7.21% of the circulating supply, valued at approximately $11.7 million.

MakerDAO Community Debates Dropping the Sky Brand, Governance Vote Planned for November 4

The MakerDAO community is considering abandoning the Sky brand following lukewarm market reception. While the USDS stablecoin launch was successful, the SKY token has struggled, recently dropping 23%. A formal governance vote is scheduled for November 4 to decide whether to revert to the original Maker brand, retain Sky, or pursue a rebranding strategy. MakerDAO founder Rune Christensen noted the community‘s strong trust and recognition in the Maker brand’s stability.

Binance to Delist IDRT, KP3R, OOKI, UNFI on November 6

Binance announced that it will halt trading and delist IDRT, KP3R, OOKI, and UNFI tokens at 03:00 UTC on November 6. The affected trading pairs include KP3R/USDT, OOKI/USDT, UNFI/BTC, UNFI/TRY, UNFI/USDT, and USDT/IDRT.

ZKsyncs First Governance Proposal, ZKsync Ignite, to Begin Voting on November 5

ZKsync announced on X that after 12 days of feedback and multiple revisions, the ZKsync Ignite proposal is now on-chain. Following a 7-day delay, voting for TPP 001 will begin around 17:00 UTC on November 5.

The proposal suggests distributing 325 million ZK tokens over nine months, with 300 million allocated across six minters (each capped at 50 million) and 25 million set aside for management and unforeseen expenses. The goal is to establish a DeFi liquidity hub on ZKsync Era and enhance liquidity across interoperable ZK chains (Elastic Chain).

OKX to Delist Multiple Spot Trading Pairs on November 7

OKX announced it will delist the following spot trading pairs on November 7 between 08:00 and 08:30 UTC: VELA/USDT, KAN/USDT, KAN/USDC, WSM/USDT, BORING/USDT, BORING/USDC, CEEK/USDT, AVIVE/USDT, and AVIVE/USDC. Users with open orders in these pairs should cancel them by 08:00 UTC on November 7; otherwise, the system will execute automatic cancellations, which may take 1-3 business days.

LocalMonero to Cease Operations on November 7

The Monero P2P trading platform LocalMonero/AgoraDesk announced it will cease operations. As of May 7, it banned new registrations and ads for Monero trading. The platform will disable privacy-focused crypto asset trading on May 14, citing “internal and external factors” without further details. The website will close on November 7, and users are advised to withdraw funds from their wallets by that date, or their funds may be forfeited.

Gitcoin: GG 22 Grants Open Until November 6

Gitcoin announced that the GG 22 grants round is now open, closing on November 6. The total matching pool for the OSS Program and seven community rounds exceeds $1.4 million. This round introduces new features like cross-chain transactions within the platform, proof creation, and online donation sharing. Gitcoin has also upgraded its anti-sybil protection system to version 2.0 for enhanced fund distribution security.