Next weeks highlights
November 4
November 6
(The results are expected to be basically released at noon) The results of the US election are expected to be released on November 6 ;
ZKsync’s first governance proposal, ZKsync Ignite, will begin voting on November 6 ;
November 7
November 8
The Federal Reserve will announce its interest rate decision at 3:00 on November 8 ;
From November 4 to November 10, more noteworthy events in the industry are previewed below.
November 4
OKX will launch SCR/USDT spot trading on November 4
According to the official announcement, OKX will open SCR/USDT spot trading at 16:00 (UTC+8) on November 4, 2024. SCR deposits will be open at 14:00 (UTC+8) on November 1, 2024, and the call auction time will be from 15:00 to 16:00 (UTC+8) on November 4, 2024. SCR withdrawals will be open at 18:00 (UTC+8) on November 5, 2024.
Odaily Planet Daily News: MakerDAO is discussing whether to abandon the Sky brand due to the lukewarm market response after the rebrand. Despite the successful launch of the USDS stablecoin, the SKY token has performed poorly, falling 23% recently. The community plans to hold a formal governance vote on November 4 to decide whether to restore the original Maker brand, maintain the Sky brand, or rebrand. MakerDAO founder Rune Christensen said that the community still highly recognizes the stability and trust of the Maker brand.
According to previous news, the founder of Sky initiated a proposal to retain the Maker brand, but will undergo a series of reshaping.
November 5
Jupiter plans to deprecate the old limit order endpoint on November 5th
Odaily Planet Daily News Jupiter posted on the X platform that the old limit order endpoint will be deprecated on November 5, 2024. If users are still using the old endpoint, please upgrade to the latest version as soon as possible.
November 6
The results of the US election are expected to be announced on November 6
According to Odaily Planet Daily, the US election will begin at 6:00 a.m. Eastern Time on November 5 (18:00 Beijing Time on November 5), and polling stations in various places will be gradually closed until 19:00 (7:00 Beijing Time on November 6). It is expected that the election results will be basically confirmed at noon on November 6 Beijing time.
Binance will delist IDRT, KP 3 R, OOKI, and UNFI on November 6
According to the official announcement, Binance will stop trading and delist IDRT, KP 3 R, OOKI, and UNFI on November 6 at 11:00 (Eastern Time). The trading pairs to be removed include: KP 3 R/USDT, OOKI/USDT, UNFI/BTC, UNFI/TRY, UNFI/USDT, and USDT/IDRT.
ZKsync’s first governance proposal ZKsync Ignite will start voting on November 6
Odaily Planet Daily News ZKsync published a post on X stating that after 12 days of representative feedback and multiple iterations, the ZKsync Ignite plan has been submitted to the chain. After a 7-day delay, TPP 001 voting will begin around 17:00 UTC on November 5 (1:00 Beijing time on November 6).
The proposal proposes to distribute 325 million ZKs within 9 months, of which 300 million will be distributed to users through six minters (with a cap of 50 million each), and the other 25 million ZKs will be managed by four minters to pay for management and unforeseen expenses.
This proposal aims to establish a DeFi liquidity center on ZKsync Era and improve the liquidity of all interoperable ZK chains (Elastic Chain).
UniSat: LP rewards on PizzaSwap will be launched on November 6
Odaily Planet Daily News UniSat posted on the X platform that it will launch PizzaSwaps first milestone, LPfest, on November 6, 2024 to bring rewards to liquidity providers. In this update, PizzaSwap will also be open to all brc-20 tickers on Fractal and allow users to create any trading pair.
At the same time, PizzaSwap’s medium-term goal is to delete deposit/withdrawal operations, and its long-term goal is to bridge to more blockchains.
Odaily Planet Daily reported that the blockchain video conferencing project Huddle 01 plans to launch node sales on November 6, and through node sales, it is expected to raise a total of US$37 million. Huddle 01s dRTC chain is built using the Orbit software stack of Ethereums second-layer project Arbitrum, and the test network is scheduled to be launched two weeks after the node sales end. (CoinDesk)
November 7
OKX will officially delist VELA/USDT, KAN/USDT and other spot trading pairs on November 7
According to the official announcement, OKX will officially delist VELA/USDT, KAN/USDT, KAN/USDC, WSM/USDT, BORING/USDT, BORING/USDC, CEEK/USDT, AVIVE/USDT, AVIVE/USDC trading pairs from 16:00 to 16:30 (UTC+8) on November 7, 2024. Users who have pending orders for the above currency pairs, please cancel the order before 16:00 (UTC+8) on November 7, 2024. If you fail to cancel the order in time, the pending order system will automatically execute it for you, and it may take 1 to 3 working days to cancel the order.
Odaily Planet Daily reported that on May 7, the Monero P2P trading platform LocalMonero/AgoraDesk team announced that it would end operations and immediately banned all new registrations and advertising for Monero transactions on the same day.
On May 14, the LocalMonero platform will ban trading of privacy-centric crypto assets, claiming that it was a combination of internal and external factors, but did not disclose the specific reasons for the closure. On November 7, the site will be shut down, and users are advised to withdraw all funds from their wallets before this date, otherwise they may be deemed to have abandoned their funds. (Cointelegraph)
Gitcoin: GG 22 grants open, set to end on November 7
Odaily Planet Daily News Gitcoin announced the start of the GG 22 grant campaign on the X platform, with a deadline of 7:59 on November 7. The total matching amount for the OSS program and 7 community rounds exceeded 1.4 million US dollars. New features introduced in this round of donations include: cross-chain and transactions within the platform, making proofs and sharing donations online. In addition, Gitcoin has upgraded the Sybil resistance system to version 2.0, providing stronger protection for fund allocation.
November 8
The Federal Reserve will announce its interest rate decision at 3:00 on November 8.
Odaily Planet Daily reported that the Federal Reserve will announce its interest rate decision at 3:00 am Beijing time on November 8, and Powell will hold a monetary policy press conference at 3:30 am.
Currently, the market generally predicts that the Federal Reserve will cut interest rates by 25 basis points.
Binance Options to Launch BTCUSDT and ETHUSDT Options Expiring on November 8
Odaily Planet Daily reported that according to official news, Binance Options will launch BTCUSDT and ETHUSDT options expiring on November 8, 2024.
Deribit CEO: The number of Bitcoin call options expiring on November 8 is twice that of put options
Odaily Planet Daily News Deribit CEO Luuk Strijers said that derivatives traders are preparing for a bullish trend in Bitcoin in the days after the US election on November 5. Data shows that the number of Bitcoin call options expiring on November 8 is twice that of put options, which is the first option to expire after the US presidential election.
Strijers also said that for options expiring on November 8, open interest is worth more than $2 billion, with major strike prices of $70,000, $75,000 and $80,000, and the put/call ratio is 0.55, indicating that the number of open call options is twice the number of put options.
Strijers added that forward implied volatility is 72.29%, suggesting that prices could move about 3.78% in the days following the presidential election. (THE BLOCK)
November 9
Shib postpones ShibaCon originally scheduled for November 9, new date undecided
Odaily Planet Daily News: Shib announced on the X platform that the ShibaCon originally scheduled to be held in Bangkok on November 9 was postponed in order to provide a better experience. Shib has not disclosed the specific details yet, only saying that it will confirm by email and that it can provide refunds for ticket holders.
November 10
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