Next Week's Key Preview
November 18
Magic Eden: ME Token Economic Model to be Released on November 18；
November 19
BNB Beacon Chain to Cease Operations on November 19；
November 20
FTX and Alameda CEO Caroline Ellison to Hold Settlement Hearing on November 20；
November 22
Fuel: Users Must Migrate Assets to Fuel Ignition by November 22, or First Quarter Points Will Reset；
Others (Specific Time Not Yet Determined)
xAI, owned by Musk, is Raising $6 Billion, Expected to Complete Next Week；
From November 18 to November 24, more noteworthy events in the industry are as follows.
November 18
Magic Eden: ME Token Economic Model to be Released on November 18
Odaily Planet Daily reports that according to official news, the ME token economic model will be released on November 18.
November 19
US Judge Postpones Trump "Hush Money" Case Hearing to November 19
Odaily Planet Daily reports that according to a released document, US New York State Judge Juan Merchan agreed to postpone the hearing of the criminal case involving elected President Trump related to "hush money" until November 19. The Manhattan District Attorney charged Trump in late March last year with attempting to cover up a $130,000 "hush money" payment to an actress by falsifying business records before the 2016 presidential election. Trump firmly denies all charges and does not admit to having an affair with the woman involved. (Jin Shi)
SpaceX Starship's Sixth Test Flight Aimed for November 19
Odaily Planet Daily reports that Elon Musk's SpaceX plans to conduct the sixth flight test mission of the Starship as early as 4:00 PM Central Time on November 18, 2024 (6:00 AM Beijing time the next day), with the first window lasting about 30 minutes. The main goal of this test is to further validate the reusability of the Super Heavy booster and the upper stage of the Starship. (Jin Shi)
BNB Beacon Chain to Cease Operations on November 19
Odaily Planet Daily reports that BNB Chain announced that the BNB Beacon Chain hard fork will take effect on November 19, 2024, at 2:00 PM (block height 384,544,850). Nodes on the BNB Beacon Chain mainnet must be updated to version 0.10.24. At that time, the BNB Beacon Chain will cease operations, and new transactions will no longer be processed.
BNB Chain stated that this decision aligns with the development projects of BNB Chain, which is a strategic plan to integrate the functions of the BNB Beacon Chain with the BNB Smart Chain (BSC), aimed at simplifying the network, reducing security risks, improving efficiency, and aligning the architecture of BNB Chain with the growing technological demands and future growth.
November 20
FTX and Alameda CEO Caroline Ellison to Hold Settlement Hearing on November 20
Odaily Planet Daily reports that FTX has submitted a motion seeking approval for a settlement agreement with former Alameda Research co-CEO Caroline Ellison, which would allow her to retain "almost all of her remaining assets." The motion was submitted on October 7, requesting the court's authorization to reach a settlement with Ellison, who agrees to transfer any assets not seized by the government in her criminal case or used for legal fees to FTX creditors. The motion states that once conditions are met, "Ellison will have no assets other than certain physical personal property," but does not specify the value of the assets she will lose. A hearing on the proposed settlement is scheduled for November 20. (Cointelegraph)
Odaily Planet Daily reports that court records show former cryptocurrency exchange FTX executive Nishad Singh will be sentenced on October 30, having testified against FTX co-founder Sam Bankman-Fried, while another co-founder, Gary Wang, will be sentenced on November 20. (Jin Shi)
MapleStory Universe: Second Test to Start on November 20
Odaily Planet Daily reports that MapleStory Universe announced on the X platform that the second test will start on November 20, with 5,000,000 NXPC tokens to be awarded during the 10-day public test.
Web3 Shooting Game XOCIETY New Round of Testing to Launch on November 20
Odaily Planet Daily reports that the Web3 shooting game XOCIETY announced on the X platform that a new round of game testing will launch on November 20, with users able to pre-register on the evening of November 12.
November 21
Netherlands Crypto Tax Reporting Bill Negotiations Expected to End on November 21
Odaily Planet Daily reports that the Netherlands has begun negotiations on a crypto tax reporting bill and hopes to gather stakeholder opinions before submitting the crypto tax reporting bill to the House of Representatives in the first half of 2025. The purpose of the bill is to increase transparency and prevent tax evasion and avoidance. It is reported that these negotiations will end on November 21. (Coindesk)
Perpetual Contract Protocol Rage Trade to Start RAGE Airdrop Distribution on November 21
Odaily Planet Daily reports that the perpetual contract protocol Rage Trade will start the RAGE airdrop distribution on November 21, 2024, and Rage Trade has launched an airdrop query page.
November 22
Fuel: Users Must Migrate Assets to Fuel Ignition by November 22, or First Quarter Points Will Reset
Odaily Planet Daily reports that Fuel's official account on X stated that all users who participated in the pre-depositors points activity must migrate their assets from the Ethereum mainnet to Fuel Ignition by 11:59 PM UTC on November 22 to retain their first phase Fuel points. Users may also choose to migrate their assets after this deadline, but the first phase points will reset. Regardless of the migration status, the second phase points will not be affected.
Previously, Fuel Labs announced the launch of the Fuel mainnet and the Ethereum L2 solution Fuel Ignition.
Odaily Planet Daily reports that The Open League's official account posted on their Telegram channel that a special New Year event is about to begin.
Previously, the S6 event airdropped $1.5 million to users within 20 days, with over 20 projects participating. Highlights of the S7 event include: New Year airdrop — for TON users, a single leaderboard based on trading volume and liquidity provided to DeFi protocols; DeFi Alliance — divided into TVL leaderboard and trading volume leaderboard, ranking projects based on their contributions to TVL or trading volume.
Project applications are now open, with a deadline of November 22. The New Year season will take place from November 27 to December 17.
November 23
None
November 24
None
Others (Specific Time Not Yet Determined)
xAI, owned by Musk, is Raising $6 Billion, Expected to Complete Next Week
Odaily Planet Daily reports that according to market news, CNBC disclosed that Elon Musk's artificial intelligence company xAI has raised up to $6 billion at a valuation of $50 billion. Sources say this financing is expected to be completed early next week, with $5 billion coming from sovereign funds in the Middle East and $1 billion from other investors, some of whom may wish to increase their investments. According to insiders, the funds will be used to purchase 100,000 NVIDIA (NVDA.O) chips to enhance the Memphis cloud cluster. Tesla's Full Self-Driving (FSD) is expected to rely on the new Memphis supercomputer. (Jin Shi)
Odaily Planet Daily reports that Tether CEO Paolo Ardoino posted on the X platform that he plans to announce the first public client and product information for the asset tokenization platform Hadron around early next week.
Tether announced yesterday the launch of the asset tokenization platform Hadron by Tether, aimed at making asset tokenization more accessible than ever, opening new avenues for issuance, investment, and core capital market technologies for a broader audience (from institutions to fund managers, from governments to private companies).
It is reported that Hadron by Tether can be used for the entire lifecycle of issuing and managing digital tokenized assets, providing modularity, security, reliability, and a seamless user experience. Its control suite focuses on providing the most comprehensive toolkit for compliance, Know Your Customer (KYC), Anti-Money Laundering (AML), transaction monitoring, risk management, and secondary market ecosystem monitoring.
Ethena Founder: Two New Exchanges Will Support USDe as Collateral Next Week
Odaily Planet Daily reports that Guy Young, founder of Ethena Labs, posted on the X platform stating that the supply of USDe has begun to show parabolic growth, with over $700 million in new supply in the past three weeks, surpassing the total supply of PayPal's PYUSD or BUIDL. The Aave integration announced today is expected to provide billions of dollars in supply demand for USDe within the next month. Additionally, the listing of collateral on two new centralized trading platforms will be launched next week.
Bounce Brand and BounceBit to Jointly Auction Monet's Authentic Paysage at Seoul Auction House
Odaily Planet Daily reports that according to official news, Bounce Brand and BounceBit are collaborating with the Seoul auction house SeoulAuction Blue to auction the authentic Impressionist masterpiece Paysage by Monet. This work is a representative piece of classic Impressionist art, perfectly capturing Monet's play of light and nature. The painting comes with a condition report and provenance provided by SeoulAuction Blue, ensuring its authenticity.
The auction will begin next week and will be conducted in an English auction format on the Ethereum chain, with a starting price of $1,000 and final physical delivery offline. Additionally, to commemorate this auction, Bounce Brand will launch a special Memeory Coin (memecoin) to reward all bidders and holders of $AUCTION and stBB. The winning bidder will not only receive Monet's timeless masterpiece and a commemorative memecoin but will also enjoy exclusive benefits such as RWA lending on the BounceBit chain.
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