This Week's Noteworthy Events (Nov 11, 2024–Nov 17, 2024)

Token Unlock Schedule

• Aptos (APT): Approximately 11.31 million tokens will be unlocked on November 11, 06:00 UTC, representing 2.18% of the circulating supply, valued at approximately $128 million.

• Cardano (ADA): Approximately 92.65 million tokens will be unlocked on November 11, 00:00 UTC, representing 0.05% of the circulating supply, valued at approximately $10.8 million.

• io.net (IO): Approximately 2.11 million tokens will be unlocked on November 11, 12:00 UTC, representing 1.75% of the circulating supply, valued at approximately $4.4 million.

• Fusionist (ACE): Approximately 850,000 tokens will be unlocked on November 12, 00:00 UTC, representing 2.09% of the circulating supply, valued at approximately $2 million.

• Polyhedra Network (ZKJ): Approximately 17.22 million tokens will be unlocked on November 14, 00:00 UTC, representing 28.52% of the circulating supply, valued at approximately $19.8 million.

• CYBER (CYBER): Approximately 886,000 tokens will be unlocked on November 13, 18:00 UTC, representing 3.81% of the circulating supply, valued at approximately $3.3 million.

• Starknet (STRK): Approximately 64 million tokens will be unlocked on November 14, 00:00 UTC, representing 3.05% of the circulating supply, valued at approximately $30.3 million.

• Arbitrum (ARB): Approximately 92.65 million tokens will be unlocked on November 16, 13:00 UTC, representing 2.33% of the circulating supply, valued at approximately $60 million.

• Nervos Network (CKB): Approximately 1.34 billion tokens will be unlocked on November 16, 00:00 UTC, representing 2.99% of the circulating supply, valued at approximately $19.9 million.

• Mintlayer (ML): Approximately 9.91 million tokens will be unlocked on November 16, 00:00 UTC, representing 6.28% of the circulating supply, valued at approximately $1.2 million.

Coinbase Derivatives to Launch Silver (SLR) and Stellar (XLM) Futures on November 11

Coinbase Derivatives will introduce retail-scale futures contracts for Silver (SLR) and Stellar (XLM) on November 11, further expanding its CFTC-regulated derivatives product lineup. This includes previously launched contracts for BTC, ETH, BCH, LTC, DOGE, SHIB, AVAX, DOT, LINK, Gold, and Oil.

The new Silver and Stellar futures will represent 50 ounces of silver and 5,000 Stellar tokens per contract, respectively. These contracts aim to provide easier market access for traders of all levels while addressing price discovery and risk management needs.

Coinbase stated that combining traditional commodities with innovative cryptocurrencies helps create a more comprehensive trading experience, offering diverse risk management and portfolio options for investors.

Binance to Adjust Settlement Price Calculation for Delivery Contracts

According to an official announcement, Binance will update the settlement price calculation method for delivery contracts on November 11, 2024, at 16:00 (UTC+8).

The settlement price will now use the average of price indices recorded every second during the last 30 minutes before settlement (15:30 to 16:00 UTC+8), totaling 1,800 price indices. Previously, the calculation used data from the last hour (15:00 to 16:00 UTC+8), totaling 3,600 indices.

Ethereum Devcon 7 to Be Held in Bangkok, November 12–15

Ethereums Devcon 7 will take place in Bangkok from November 12 to 15.

The Devcon team announced their vision for this years event as a more inclusive and regionally-focused gathering. To reflect this, the event is branded as “Devcon Southeast Asia,” without mentioning the host city specifically.

Former Celsius CEO Alex Mashinsky to Return to Court on November 13

Former Celsius CEO Alex Mashinsky will appear in court on November 13 for oral arguments related to his motion to dismiss charges of fraud and market manipulation. Mashinsky was arrested in July 2023 and faces seven felony charges tied to manipulating the price of Celsiuss CEL token.

ZKsync Ignite Voting to End on November 13

ZK Nation announced on X that the first ZKsync governance proposal, ZKsync Ignite, is now open for voting and will conclude on November 13. The proposal has 98.9% approval, with 24% of votes cast by Tevaera.

The proposal plans to distribute 325 million ZK tokens over nine months, including 300 million allocated to users to establish a DeFi liquidity hub for ZKsyncs Elastic Chain.

HKEX to Launch Virtual Asset Index Series on November 15

The Hong Kong Stock Exchange (HKEX) announced plans to debut the Virtual Asset Index Series on November 15, 2024, providing reliable benchmark pricing for the rapidly growing virtual asset class.

The index will offer transparent and dependable benchmarks for Bitcoin and Ethereum pricing during Asian trading hours, addressing price discrepancies across global exchanges.

HKEX Group CEO Nicolas Aguzin stated, “We are thrilled to introduce the HKEX Virtual Asset Index Series to meet the region‘s growing demand for this emerging asset class. By offering transparent and reliable real-time benchmarks, we aim to support the healthy development of the virtual asset ecosystem and reinforce Hong Kong’s position as an international financial center.”

Switzerland Launches Public Consultation on Crypto Tax Information Sharing, Deadline November 15

Switzerland is considering including crypto tax data in its international information exchange agreements.

The Swiss Federal Council began consultations on a new bill to facilitate sharing crypto asset information with 111 jurisdictions currently part of automatic information exchange agreements.

Switzerland has been a leader in crypto adoption, with regions like Lugano accepting taxes in Tether (USDT) and Bitcoin. Under the countrys political framework, Bitcoin is classified as a payment method and exempt from VAT. The consultation period for the proposed legislation ends on November 15, 2024.

TON Hosts “Hackers League” Camp Until November 17

TON announced the “Hackers League” training camp with a total prize pool of $2 million and expert-led workshops. The event runs from October 11 to November 17, 2024.