This Week's Noteworthy Events (2023.11.27——2023.12.01)

Gas Hero Launches Community Test, Offering NFT Props Incentives to Top 100 Players

The development team of Gas Hero, a new game by Find Satoshi Lab under the STEPN project, has announced that during the community testing period from November 27 to December 11, they will provide NFT incentives to the top 100 performing players. The specific incentive levels are as follows:

• 1st Place: 4 Genesis Hero NFTs, 5 Base Car Vehicles (BCV) NFTs, 10 Hero NFTs.

• 2nd to 5th Place: 2 Genesis Hero NFTs, 4 BCV NFTs, 8 Hero NFTs each.

• 6th to 10th Place: 1 Genesis Hero NFT, 3 BCV NFTs, 6 Hero NFTs each.

• 11th to 20th Place: 1 Genesis Hero NFT, 2 BCV NFTs, 4 Hero NFTs each.

• 21st to 40th Place: 1 BCV NFT, 2 Hero NFTs each.

• 41st to 60th Place: 2 Hero NFTs each.

• 61st to 100th Place: 1 Hero NFT each.

Circle CCTP Cross-Chain Protocol to Launch on Noble Chain on November 28, Introducing Native USDC Cross-Chain Support

The native USDC cross-chain protocol CCTP developed by Circle is set to launch on the Noble chain on November 28. Noble is an application-specific chain within the Cosmos ecosystem, and users of Noble will now have access to native USDC cross-chain support.

U.S. SEC to Convene Closed-Door Meeting on November 30 to Discuss Formulation of Prohibition Litigation and Settlement, among Other Key Issues

The U.S. Securities and Exchange Commission (SEC) has officially announced that a closed-door meeting will be held on Thursday, November 30. The agenda includes topics such as the formulation and settlement of prohibition lawsuits, the initiation and settlement of administrative lawsuits, lawsuit claims and settlements, matters related to litigation, and other matters related to review and enforcement procedures. Analysts in the crypto community speculate that the SEC may be discussing settlement solutions in recent

cryptocurrency

litigation cases during this closed-door meeting, such as the Ripple case. It was previously disclosed that the SEC and Ripple need to reach a settlement measure by February 12, 2024, and the focal point of the dispute may be the substantial fine of $770 million imposed on Ripple.

Hearing on Proposed Settlement Between Genesis and 3AC to Take Place on November 30th

Court documents reveal that the now-bankrupt cryptocurrency lending platform Genesis has agreed to pay $33 million to settle a $1 billion claim filed by Three Arrows Capital (3AC), with both parties agreeing to “mutually release each other from any claims.” This settlement is reported to be the result of “extensive negotiations,” and Genesis is seeking approval from the New York bankruptcy court. A hearing on the proposed settlement is scheduled for November 30

Linen Wallet to Cease Operations on November 30, Remaining Funds to Be Returned to Investors

The multi-signature wallet Linen Wallet, built on Safe, has announced on the X platform that it will cease operations on November 30. The decision is attributed to a reduced demand for advanced self-custody solutions among retail investors, regulatory uncertainties, and other factors. The company will return the remaining funds to investors. It's important to note that the closure of Linen Wallet does not impact the security of assets within Safe, as Linen serves as an interface for users managing the Safe multi-ID wallet. After November 30, the Linen infrastructure will be completely shut down, and the application, email, and Intercom chat support channels will be discontinued.

Decentralized Validator Technology Provider Obol Labs to Launch Mainnet Beta on December 1st

According to official announcements, Obol Labs, a provider of Decentralized Validator Technology (DVT), has declared that the Obol mainnet public beta will officially launch on December 1, 2023. During the public beta phase, the DV Launchpad will be open, allowing for a maximum of one validator per DV cluster. Additionally, two new products focused on developers will be introduced. The Obol SDK enables developers to programmatically create and activate Obol DV clusters and build staking products supported by DV. Obol Splits is a set of smart contracts that allows Obol DV users to manage and automatically allocate rewards, principal, and fees among node operators within Obol DV clusters.

DYDX to Experience a Significant Unlocking of $500 Million on December 2nd

Token Unlocks data indicates that on December 2, 8:00 UTC, dYdX will unlock DYDX tokens worth over 500 million USD for early investors and core team members. Currently, there are 179 million DYDX tokens in circulation, and the upcoming unlock will increase the circulating supply to 395 million tokens.