Weekly Preview | Sonic SVM, Xterio, and Seraph will launch TGE; Aptos (APT) will unlock tokens worth nearly $110 million.

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News Preview:

  • Seraph's "Dark Angel" will launch its TGE on January 6, 2025, at 20:00 (UTC+8);
  • Privasea AI's mainnet is officially named DeepSea, and its testnet Beta will go live on January 6;
  • The Sonic SVM blockchain on Solana is scheduled for TGE on January 7;
  • Game infrastructure and AI game studio Xterio is set to launch its TGE on January 8;
  • Movement (MOVE) will unlock approximately 50 million tokens at 20:00 Beijing time on January 9, representing 2.22% of the current circulation, valued at about $53 million;
  • Aptos (APT) will unlock approximately 11.31 million tokens at 09:59 Beijing time on January 11, representing 2.03% of the current circulation, valued at about $110 million.

January 6

Exchanges:

OKX will launch leveraged trading and simple earning for BIO on January 6

OKX officially launched the BIOUSDT perpetual contract on January 3, 2025, at 18:45 (UTC+8) on its web, app, and API platforms, and will launch leveraged trading and simple earning for BIO at 12:00 (UTC+8) on January 6, 2025.

Kraken delists Monero in the European Economic Area, unclaimed portions will be automatically converted to Bitcoin and distributed to users on January 6

Following Kraken's announcement to stop supporting Monero (XMR) in the European Economic Area (EEA) by the end of October 2024, the price of Monero fell over 5% to $144 on October 1. Kraken stated that this move was due to regional regulatory changes and will cease all XMR market trading and deposits by October 31. Users must withdraw their assets by December 31, 2024; unclaimed Monero will be automatically converted to Bitcoin and distributed to users on January 6, 2025.

Project Updates:

Privasea AI's mainnet is officially named DeepSea, and its testnet Beta will go live on January 6

Privasea AI announced its mainnet roadmap on January 1, officially naming the mainnet DeepSea, with the Beta testnet launching on January 6. The release of DeepSea marks the beginning of a new era in data protection and decentralized innovation. The DeepSea AI network is powered by FHE deep learning, aiming to provide comprehensive security guarantees to users during computation. The testnet will evolve from Alpha to Beta on January 6, introducing a new dashboard and launching the test version of the USB node and Privanetix node program; the Genesis release on January 27 will fully initiate the Privanetix node program and FHEML task release plan; the DeepSea mainnet is set to officially launch in Q1 2025, optimizing the USB and Privanetix nodes. Additionally, FHEML task release plugins and web pages will be introduced, allowing users to design custom models, submit learning samples, and publish tasks to obtain machine learning results.

3A chain game Seraph's "Dark Angel" will start its TGE on January 6

Seraph's "Dark Angel" has officially announced its token economic model and detailed distribution plan, stating that the TGE will commence on January 6, 2025, at 20:00 (UTC+8), along with a liquidity mining event on Bybit, providing users with more opportunities for participation and rewards. According to the latest information, Seraph's token $SERAPH has a total supply of 1 billion, supporting both BNB Chain and Ethereum networks. The token will play a core role in the game ecosystem, including unlocking features, crafting equipment, and governance voting. Additionally, 40.5% of the tokens will be used for community incentives and airdrop rewards to attract more players and further expand the Web3 user base.

Token Unlocking:

Kaspa (KAS) will unlock approximately 18.2 million tokens at 08:00 Beijing time on January 6, representing 0.72% of the current circulation, valued at about $22.7 million.

Delysium (AGI) will unlock approximately 33.59 million tokens at 08:00 Beijing time on January 6, representing 2.45% of the current circulation, valued at about $5 million.

January 7

Exchanges:

OKX will launch SONIC (Sonic SVM) spot trading on January 7

OKX is set to launch SONIC (Sonic SVM), the first SVM launched on Solana. Sonic SVM has established the first Web3 TikTok application layer, bringing millions of TikTok users to Solana. Sonic SVM is also a leading gaming ecosystem on Solana. The specific schedule is as follows:

  • 1. SONIC deposit opening time: January 2, 2025, at 20:30 (UTC+8);
  • 2. SONIC auction time: January 7, 2025, from 19:00 to 20:00 (UTC+8);
  • 3. SONIC/USDT spot trading opening time: January 7, 2025, at 20:00 (UTC+8);
  • 4. SONIC withdrawal opening time: January 7, 2025, at 12:00 (UTC+8).

Project Updates:

Sonic SVM: 57% of the total SONIC token supply will be allocated to the community, TGE scheduled for January 7, 2025

The Sonic SVM blockchain on Solana has announced its native token SONIC's tokenomics, with SONIC serving as the native token for Sonic SVM and the Multi-SVM ecosystem, driving long-term growth and development.

The total supply of SONIC is 2.4 billion, with 57% allocated to the community, including community and ecosystem development (30%), initial claims (7%), and HyperGrid rewards (20%). The TGE is scheduled for January 7, 2025, with an initial circulation of 15% of the total supply. SONIC will be fully distributed over six years, at which point all SONIC will be in circulation, with most allocated to the community. No team or investor tokens will be unlocked in the first 12-18 months post-launch, and locked tokens cannot be staked. The initial claim snapshot for SONIC was completed on December 31, 2024. 7% of the total supply has been allocated for initial claims. A qualification check tool for the initial claim program will be launched on January 3, allowing users to verify if their wallets meet the claim criteria. Additionally, the SonicX TikTok airdrop event will remain open until January 6, providing more users with opportunities to acquire SONIC.

Meme trading tool ABOT will shut down its website on January 7

Meme trading tool ABOT has announced a gradual shutdown of its services, with the following arrangements: service fees reduced to 0; Meme features will be taken down on January 1, 2025; non-meme features will be taken down on January 7, 2025, and the website will be closed; new feature development will continue until December 31, and real-time issue response will be maintained until the website closure.

January 8

Exchanges:

Bybit will terminate withdrawal and custody services in France starting January 8, 2025

Cryptocurrency exchange Bybit has announced that it will terminate withdrawal and custody services in France starting January 8, 2025. After January 8, users with assets valued at 10 USDC or below will incur a fee of 10 USDC and have their accounts closed. For users with assets exceeding 10 USDC, BYBIT will initiate the transfer of any remaining funds to Coinhouse, and subsequent withdrawals will need to be processed through their platform.

Project Updates:

Xterio will conduct its TGE on January 8, 2025

Game infrastructure and AI game studio Xterio has officially announced that its Token Generation Event (TGE) is set to launch on January 8, 2025. The official statement indicates that this will usher in a new era that integrates AI, gaming, and community.

Do Kwon ordered to remain in custody by the judge, expected to appear in court again on January 8

Do Kwon, co-founder of Terra, was ordered to remain in custody by the judge during his first court appearance in the U.S., with his lawyer stating that they would not apply for bail at this time. The judge subsequently ordered Kwon to remain detained. Upon leaving the courtroom, he held a copy of a 79-page indictment. Kwon is expected to appear in court again on January 8.

Token Unlocking:

Ethena (ENA) will unlock approximately 12.86 million tokens at 15:00 Beijing time on January 8, representing 0.42% of the current circulation, valued at about $16.2 million.

Eigenlayer (EIGEN) will unlock approximately 1.29 million tokens at 03:00 Beijing time on January 8, representing 0.61% of the current circulation, valued at about $5.2 million.

January 9

Exchanges:

The Chicago Board Options Exchange will be closed on January 9 along with the NYSE and Nasdaq markets

The Chicago Board Options Exchange (CBOE) has announced that it will be closed on January 9, along with the New York Stock Exchange and Nasdaq markets.

Governance Voting:

VitaDAO's new proposal suggests cross-chain transfer of VITA to the Solana network, voting will end on January 9

The decentralized autonomous organization VitaDAO, aimed at funding longevity research projects, announced on platform X that the proposal VDP-159 to cross-chain VITA to Solana has been published on Snapshot, allowing voting with VITA tokens. The proposal aims to expand VITA to Solana by establishing the token's presence and liquidity. Voting will end on January 9.

Token Unlocking:

Movement (MOVE) will unlock approximately 50 million tokens at 20:00 Beijing time on January 9, representing 2.22% of the current circulation, valued at about $53 million.

January 10

Trump's "hush money" case will be ruled on January 10

Judge Juan Merchan of the New York State Supreme Court decided on January 3 that a ruling will be made on January 10 regarding the "hush money" case involving former President Trump. Merchan stated that the ruling will take place in a court located in downtown Manhattan, New York City, and Trump must appear in person or via video to receive the ruling. Merchan also indicated that considering various circumstances, an unconditional release ruling seems to be the most feasible option.

Token Unlocking:

Optimism (OP) will unlock approximately 4.47 million tokens at 04:00 Beijing time on January 10, representing 0.33% of the current circulation, valued at about $9.3 million.

January 11

Token Unlocking:

io.net (IO) will unlock approximately 3.22 million tokens at 20:00 Beijing time on January 11, representing 2.50% of the current circulation, valued at about $11.8 million.

Aptos (APT) will unlock approximately 11.31 million tokens at 09:59 Beijing time on January 11, representing 2.03% of the current circulation, valued at about $110 million.

January 12

Token Unlocking:

Axie Infinity (AXS) will unlock approximately 815,000 tokens at 21:10 Beijing time on January 12, representing 0.52% of the current circulation, valued at about $5.6 million.

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