This Week's Key News Preview | The U.S. government executive branch will close on January 9; Sonic SVM, Xterio, and Seraph will conduct TGE.

Organized by: Fairy, ChainCatcher

Key News:

January 6 (Monday)

3A chain game Seraph "Dark Angel" officially launches TGE on January 6, simultaneously launching S1 Genesis Season

The Seraph Foundation announced that the TGE will officially launch on January 6, 2025, at 20:00 (UTC+8), along with the S1 Genesis Season. As a 3A chain game that integrates blockchain and AI technology, Seraph will lead Web3 gaming into a new era. The dual release of TGE and S1 Genesis Season not only brings innovative breakthroughs in decentralized economy but also reshapes dynamic gaming experiences, creating a more immersive game world for players.

Detailed information about the Seraph token economic model will be announced in subsequent announcements.

Privasea AI mainnet officially named DeepSea, its testnet Beta will launch on January 6

Privasea AI today announced the mainnet roadmap, officially naming the mainnet DeepSea, with the testnet Beta launching on January 6. The DeepSea AI network is powered by FHE deep learning, aiming to provide comprehensive security guarantees to users during the computation process.

The testnet will evolve from Alpha to Beta on January 6, releasing a new dashboard and launching test versions of USB nodes and Privanetix node plans; on January 27, the Genesis release will fully initiate the Privanetix node plan and FHEML task release plan; the DeepSea mainnet will officially launch in the first quarter of 2025, starting the optimized versions of USB nodes 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.

January 7 (Tuesday)

OKX will launch SONIC (Sonic SVM) spot trading

According to the official announcement, OKX is about to launch SONIC (SonicSVM) spot trading, with the following schedule:

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

Sonic SVM: SONIC token TGE is scheduled for January 7, 2025

The first SVM blockchain on Solana, Sonic SVM, announced its native token $SONIC token economics. SONIC will serve as the native token for the Sonic SVM and 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.

The eligibility verification tool for the initial claims program will be launched on January 3, allowing users to verify if their wallets meet the claim conditions. Meanwhile, the SonicX TikTok airdrop event will remain open until January 6, providing more users with the opportunity to acquire $SONIC.

January 8 (Wednesday)

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

Bybit announced that it will terminate withdrawal and custody services in France starting January 8, 2025. After January 8, users with asset values of 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.

Xterio announces the issuance of XTER token on January 8, 2025

According to official news, game infrastructure and AI game studio Xterio announced that its official token XTER will be issued on January 8, 2025.

Do Kwon's lawyer states that he is currently not seeking bail, expected to appear in court again on January 8

According to Reuters, Andrew Chesley, the lawyer defending Do Kwon, co-founder of the crypto company Terra, stated that he is currently not seeking bail. U.S. District Court Judge Robert Lehrburger ordered his detention, and when U.S. Marshals took Do Kwon out of the courtroom, he carried a 79-page copy of the indictment, expected to appear in court again on January 8.

Previous news reported that Do Kwon pleaded not guilty to fraud charges in a hearing at the Manhattan federal court.

Decentralized exchange CVEX plans to launch on January 8 next year

The decentralized exchange Crypto Valley Exchange (CVEX), focused on cryptocurrency futures and options trading, announced plans to launch on January 8. CVEX's mainnet will land on Arbitrum Stylus, a fast and inexpensive Ethereum layer that uses WebAssembly-compatible languages. Users will be able to avoid the high funding rates typically associated with perpetual contracts on other platforms, with the exchange promising trading rates "16 times lower" than existing centralized exchanges (market makers only charge 0.002% fees, while takers only pay 0.003% fees).

January 9 (Thursday)

Biden orders government executive departments to close on January 9, 2025

U.S. President Biden ordered all federal government executive departments and agencies to close on January 9, 2025, in honor of the late 39th President Jimmy Carter, who passed away on the 29th. In a statement, Biden noted that for reasons of national security, defense, or other public needs, heads of federal government executive departments and agencies may decide to keep some offices and facilities open. Previously, the White House announced January 9, 2025, as a national day of mourning for Carter.

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

According to Jin10, the Chicago Board Options Exchange (CBOE) announced that it will be closed on January 9 along with the New York Stock Exchange and Nasdaq markets.

January 10 (Friday)

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

On January 3, Judge Juan Merchan of the New York State Supreme Court decided that a ruling on the "hush money" case involving former U.S. President Trump will be made on January 10. 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 judgment. Merchan also indicated that considering various circumstances, an unconditional release ruling seems to be the most feasible option.