This Week's Noteworthy Events(Nov 18, 2024–Nov 24, 2024)

Token Unlocks

• Avalanche (AVAX): Unlocking approximately 1.67 million tokens (0.41% of circulating supply) valued at $61.3 million on November 18, 2024, at 00:00 UTC.

• Oasis (ROSE): Unlocking approximately 176 million tokens (2.62% of circulating supply) valued at $14.6 million on November 18, 2024, at 16:00 UTC.

• Pixels (PIXEL): Unlocking approximately 54.37 million tokens (7.05% of circulating supply) valued at $11.4 million on November 19, 2024, at 10:00 UTC.

• Eigenlayer (EIGEN): Unlocking approximately 1.29 million tokens (0.69% of circulating supply) valued at $3.2 million on November 19, 2024, at 19:00 UTC.

• Cardano (ADA): Unlocking approximately 18.53 million tokens (0.05% of circulating supply) valued at $13.4 million on November 20, 2024, at 00:00 UTC.

• Ethena (ENA): Unlocking approximately 12.86 million tokens (0.45% of circulating supply) valued at $7.4 million on November 20, 2024, at 00:00 UTC.

• SPACE ID (ID): Unlocking approximately 18.49 million tokens (4.29% of circulating supply) valued at $8.3 million on November 21, 2024, at 00:00 UTC.

Magic Eden: $ME Tokenomics to Launch on November 18

According to an official announcement from Magic Eden, the tokenomics model for its $ME token will officially be released on November 18.

McDonald‘s and NFT Brand Doodles to Launch Co-Branded Coffee Cups on November 18

Fast-food giant McDonald’s has partnered with NFT brand Doodles to release a co-branded coffee and collectible series on November 18. The collection includes limited-edition Doodles cups, and customers across 13,500 McDonalds locations in the U.S. can participate.

BNB Beacon Chain to Cease Operations on November 19

BNB Chain announced that the BNB Beacon Chain hard fork will take effect on November 19, 2024, at 06:00 UTC (block height 384,544,850). Nodes on the BNB Beacon Chain mainnet must upgrade to version 0.10.24 before this date. Afterward, the BNB Beacon Chain will cease operations, and new transactions will no longer be processed.

This decision aligns with BNB Chain‘s development strategy, which aims to integrate the BNB Beacon Chain’s functionality into the BNB Smart Chain (BSC). The merger seeks to simplify the network, reduce security risks, improve efficiency, and adapt BNB Chains architecture to meet growing technical demands and future growth.

Bitwise to Launch the World‘s First Aptos Staking ETP on November 19

Bitwise Asset Management has announced the launch of the Bitwise Aptos Staking ETP (Ticker: APTB; ISIN: DE000A4AJWU3), which is expected to be listed on the Swiss Stock Exchange on November 19, 2024. This product will be the world’s first Aptos Staking ETP.

FTX and Alameda CEO Caroline Ellison Settlement Hearing Scheduled for November 20

FTX has filed a motion seeking approval for a settlement agreement with Caroline Ellison, the former co-CEO of Alameda Research. The motion, filed on October 7, requests court authorization for Ellison to transfer any assets not seized by the government in her criminal case or used to pay legal fees to FTX creditors.

According to the filing, once the terms are fulfilled, “Ellison will have no assets left other than certain personal property.” The value of the assets she will forfeit has not been disclosed. The settlement hearing is scheduled for November 20, 2024.

FTX to Hold Settlement Hearing with Evolve Bank and SVCF on November 20

FTX, the bankrupt cryptocurrency exchange, has reached settlement agreements with Evolve Bank and Silicon Valley Community Foundation (SVCF) to potentially recover approximately $21 million in assets. Court documents filed on October 30 show that the agreements are still subject to court approval, with a hearing scheduled for November 20, 2024.

Under the terms of the settlements, Evolve Bank will return $12.77 million to FTX while retaining $462,700 as reimbursement for legal fees. The bank will also waive all claims against FTX. Meanwhile, SVCF will return $8.57 million in cash and 34,208.70 FTT tokens, avoiding litigation. SVCF had previously sold a portion of the FTT tokens it received as donations to fund external grants, leaving some remaining funds.

Additionally, Three Arrows Capital (3AC) is seeking to increase its claim against FTX to $1.53 billion. A hearing on the motion to modify 3ACs claim will also be held.

Netherlands Crypto Tax Reporting Consultation to End on November 21

The Netherlands has begun a consultation process for a crypto tax reporting bill. The government aims to gather feedback from stakeholders before submitting the bill to the House of Representatives in the first half of 2025.

The proposed legislation seeks to enhance transparency and prevent tax evasion and avoidance. The consultation is scheduled to close on November 21, 2024.

The Open League: S7 Applications Open Until November 22

The Open League announced in its Telegram channel that the New Year Special Edition event is set to begin soon.

Previously, the S6 event distributed $1.5 million in airdrops over 20 days, with more than 20 projects participating. Highlights for the S7 event include:

• New Year Airdrop: Focused on TON users, rankings will be determined by transaction volume and the amount of liquidity provided to DeFi protocols.

• DeFi Alliance: Divided into TVL rankings and transaction volume rankings, based on projects contributions to total value locked (TVL) or trading volumes.

Project applications are now open, with a deadline of November 22, 2024. The New Year season will run from November 27 to December 17, 2024.