Weekly Preview | Usual Protocol plans to enable the revenue switch function; Ondo (ONDO) and other tokens will usher in large-scale unlocking
Reprinted from panewslab
01/12/2025·1MImportant news preview:
- After USD0++ is de-anchored, Usual Protocol plans to activate the revenue switch function on January 13 to stabilize its ecosystem;
- Cheelee (CHEEL) will unlock approximately 20.81 million tokens at 8:00 am Beijing time on January 13th, worth approximately US$169 million;
- Shiba Inu ecological token TREAT will be launched on January 14;
- Degen will conduct a liquidity mining airdrop plan on January 15th;
- Ethena: Derive (DRV) will launch on January 15th;
- In the U.S. Securities and Exchange Commission (SEC) v. Ripple case, the court required that the SEC’s litigation brief be submitted on or before January 15, 2025;
- The crypto industry will host a ball to celebrate the inauguration of Trump and Vance on January 17;
- Ondo (ONDO) will unlock approximately 1.94 billion tokens at 8 a.m. Beijing time on January 18th, accounting for 134.21% of the current circulating supply and worth approximately US$2.41 billion.
January 13
Exchange:
Coinbase Assets issued a document on the X platform stating that the Celo L1 blockchain (Coinbase code: CGLD) will be migrated to Celo L2 on January 16, 2025. Coinbase will not support the migration and customers must withdraw CGLD from Coinbase before January 13, 2025 in case the funds become unavailable. After the hard fork is executed, the Celo L1 network will stop generating blocks, customers will no longer be able to send or receive assets on the Celo L1 network, and all funds remaining on Coinbase will be unavailable.
Project updates:
RWA stablecoin issuer Usual announced on the The “Revenue Switch” feature is scheduled to be launched on January 13th, allowing Usual Protocol to share its revenue from real-world assets and protocol operations with the community. The team expects monthly revenue of approximately $5 million, with an annual return of over 50% under current conditions. These distributions will be made on a weekly basis to solidify USUAL's real value and balance its economic model with the revenue generated by the protocol.
(Note: Usual’s income switch function will be officially enabled when more than 50% of USUAL tokens are pledged as USUALx. If the requirements are not met, it will be automatically activated on February 1, 2025. Once enabled: 100% income (up to $5 million per month) will flow to USUALx stakers in the form of USD0) Additionally, Usual. The Protocol team also stated that it will launch the "1:1 early unstaking" function next week, allowing users to redeem USD0++ at an exchange rate of 1 USD, but requiring them to give up part of their accumulated rewards as a penalty.
Token Unlocked:
Cheelee (CHEEL) will unlock approximately 20.81 million tokens at 8:00 a.m. Beijing time on January 13th, worth approximately US$169 million
Polyhedra Network (ZKJ) will unlock approximately 17.22 million tokens at 8 a.m. Beijing time on January 13th, accounting for 28.52% of the current circulating supply and worth approximately US$33.2 million.
World Mobile Token (WMTX) will unlock approximately 16.04 million tokens at 8 a.m. Beijing time on January 13th, worth approximately US$6.4 million.
CYBER (CYBER) will unlock approximately 886,000 tokens at 10:00 pm on January 13, Beijing time, with a ratio of 3.81% to the current circulating supply and a value of approximately US$2.7 million.
Covalent
Moonwell (WELL) will unlock approximately 38.54 million tokens at 8 a.m. Beijing time on January 13th, accounting for 1.23% of the current circulating supply and worth approximately US$1.8 million.
January 14
Policy supervision:
South Korea's Constitutional Court: The first debate on Yin Xiyue's impeachment trial will be held on January 14.
Mario Nawfal, founder and CEO of IBC Group, said at the Humanity may be exposed to the existential risks posed by artificial intelligence for the sake of investor returns. Experts including Nobel laureate Geoffrey Hinton and artificial intelligence pioneer Stuart Russell supported the motion, arguing that turning into a for-profit institution would undermine safeguards designed to ensure that advanced artificial intelligence is consistent with public safety. "OpenAI's non-profit mission is more than a promise - it's a lifeline for humanity. Turning it into a profit machine would put everyone at risk," said Encode chairperson Sneha Revanur, who attended a court hearing in the case. It is scheduled to be held on January 14th.
Project updates:
Shiba Inu ecological token TREAT will be launched on January 14th
Shiba Inu ecological token TREAT announced its launch date on January 14th. This follows news last April that the Shiba Inu team raised $12 million by selling unissued TREAT tokens to non-U.S. venture capital investors to develop its new privacy-focused Layer 3 blockchain. According to Shiba Inu, the TREAT token is a “utility and governance token” for its new privacy-focused Layer 3 blockchain, which is built on Shibarium, the Ethereum Layer 2 blockchain.
Renzo launches BNSOL re-staking token bzSOL, minting will start on January 14th
Renzo Protocol announced the launch of the re-pledge token bzSOL. Users can pledge SOL or BNSOL for minting. The minting will start at 8:30 am on January 14th, Eastern Standard Time (21:00 on January 14th, Beijing time) and last for 24 Hour.
It is reported that the first service that bzSOL will protect is the Jito Tip router, and users will receive additional re-staking rewards, which will be automatically compounded into BNSOL.
Decentralized AI platform Nodepay: The first airdrop will be held on January 14
The decentralized AI training and development platform Nodepa posted on the
According to previous news, Nodepay has launched the final query for airdrops, and users can query the token distribution for seasons 0, 1 and 2.
BNB Chain Season 9 MVB program application will close on January 14th (UTC+8)
BNB Chain has opened applications for the ninth season of the MVB program. BNB Chain is committed to promoting AI innovation in Web3, with AI First as its core focus. MVB9 aims to attract more projects and developers that combine AI scenarios to jointly build an AI-First BNB Chain. It also welcomes the participation of projects in application and middle layer categories such as DeFi, DeSci, games and social networking, and encourages all types of projects related to AI scenarios. Combining exploration and innovation. The MVB (Most Value Builder) Acceleration Program is organized by BNB Chain in cooperation with Binance Labs and CMC Labs. It is a 4-week incubation project designed to support the growth of BNB Chain ecological projects. The application deadline for Season 9 MVB is January 13, 2025 at 11:59 PM UTC.
Token Unlocked:
Biconomy (BICO) will unlock approximately 7.5 million tokens at 8 a.m. Beijing time on January 14th, with a ratio of 0.82% to the current circulation and a value of approximately US$2.1 million.
January 15
Policy supervision:
Former U.S. federal prosecutor James K. Filan said on the submitted before.
Project updates:
Ethena: Derive (DRV) will launch on January 15th
Ethena posted on the X platform that Derive (DRV) will be launched on January 15, and 5% of the supply will be allocated to sENA stakers.
Degen: Liquidity mining airdrop planned for January 15th
Degen announced on the X platform that the liquidity mining airdrop is planned to be carried out on Wednesday, January 15th UTC time, and the snapshot will last until the end of January 14th.
Alliance launches online hackathon Sprint, registration application will close on January 15th
Alliance announced the launch of its first online hackathon Sprint. The winner will have the opportunity to receive an investment of US$450,000. Registration applications will close on January 15th.
The Korean movie "Crypto Man" will be released on January 15, 2025
The Korean movie "Crypto Man" will be released on January 15, 2025. The film was inspired by a cryptocurrency crash in South Korea that resulted in a loss of over 50 trillion won (approximately US$34.9 billion). Director Hyun Hae-ri said that the film strives to truly present the events and incorporate elements of black humor. The film stars the late actor Song Zailin. He died at home in November 2024 and was ruled a suicide. In the movie, Song plays the role of entrepreneur Yang Daoxian. He developed a token called "MOMMY", which was a great success in the early days, but later fell into deep trouble due to regulatory issues. The film focuses on the younger generation of Koreans’ addiction to stocks and cryptocurrencies.
Token Unlocked:
Connex (CONX) will unlock approximately 4.33 million tokens at 8 a.m. Beijing time on January 15th, accounting for 376.3% of the current circulating supply and worth approximately US$85.8 million.
Starknet (STRK) will unlock approximately 64 million tokens at 8 a.m. Beijing time on January 15th, accounting for 2.65% of the current circulating supply and worth approximately US$27.6 million.
Sei (SEI) will unlock approximately 55.56 million tokens at 8:00 pm on January 15th, Beijing time, with a ratio of 1.32% to the current circulating supply and a value of approximately US$21.5 million.
Ethena (ENA) will unlock approximately 12.86 million tokens at 3:00 pm Beijing time on January 15th, with a ratio of 0.42% to the current circulating supply and a value of approximately US$11.8 million.
Eigenlayer (EIGEN) will unlock approximately 1.29 million tokens at 3 a.m. Beijing time on January 15th, with a ratio of 0.61% to the current circulating supply and a value of approximately US$4.1 million.
January 16
Exchange:
OKX and Gate will launch DUCK (DuckChain) spot trading on January 16th
OKX will launch DUCK (DuckChain) spot trading. DuckChain is the first EVM consumer layer blockchain on TON and aims to provide developers with an EVM development environment to build Dapps on TON and Telegram. The opening time of DUCK/USDT spot trading is 6:00 pm on January 16, 2025 (UTC+8); in addition, Gate.io will also list DuckChain (DUCK).
Binance will complete token swap support for Fantom’s rebranding as Sonic on January 16
Binance will support Fantom (FTM) token swap and rename to Sonic (S). At 11:00 on January 13, 2025, Beijing time, Binance will delist all existing FTM spot trading pairs and cancel all outstanding FTM spot trading orders. At 16:00 on January 16, 2025, Beijing time, Binance will open trading on S/BTC, S/BNB, S/ETH, S/EUR, S/FDUSD, S/TRY, S/USDC and S/USDT trading pairs .
Coinbase International Station will launch AERO, BEAM and DRIFT perpetual contracts on January 16
Coinbase International Station announced on the Open on or after 17:30 on January 16th.
Token Unlocked:
Arbitrum (ARB) will unlock approximately 92.65 million tokens at 9:00 pm Beijing time on January 16th, accounting for 2.20% of the current circulating supply and worth approximately US$67.8 million.
January 17
Exchange:
Binance announces it will open SOLV/USDT trading on January 17th
The Solv Protocol MegaDrop event has started. This Megadrop reward pool contains 588 million SOLV, accounting for 7% of the genesis token supply. It is reported that Binance will list SOLV at 18:00 on January 17 and open the SOLV/USDT, SOLV/BNB, SOLV/FDUSD and SOLV/TRY trading pairs, and mark SOLV with a "seed" tag.
Project updates:
Eternal AI will launch the first “on-chain” PFP series CryptoAgents for AI agents. These on-chain pixel art images are inspired by CryptoPunks and designed specifically for AI agents. Mint details will be announced on January 17th.
Community activities:
Voting for the fifth annual PANews PARTY AWARD will close on January 17
The PANews PARTY AWARD 2025 selection event will start online voting from December 18, 2024 to January 17, 2025, which will last for 30 days. Nearly 300 projects and individuals have entered the voting stage of this selection through data screening, public registration and community recommendations, and 22 authoritative annual awards will be selected. The final results will be announced on January 22. PARTY means PANews' Restropect of The Year (PANews annual tribute). The event has been held for five consecutive years, attracting active participation from Web3 entrepreneurs and high-quality projects around the world. This year's selection will use "Becoming Mainstream" as its theme, aiming to discover and commend those Web3 projects, teams and individuals that continue to build and strive to bring the industry into the mainstream. Click on the original link or the image below to participate in voting.
Crypto Industry to Host Ball to Celebrate Trump and Vance Inauguration on January 17
The crypto industry will host an inaugural ball on January 17 to celebrate the inauguration of Trump and Vance. The event will be hosted by BTC Inc. and Stand With Crypto and will be held at the Andrew W. Mellon Audit Building in Washington DC at 8:00 pm local time on Friday, January 17, 2025. Tickets are priced at US$2,500 each.
Token Unlocked:
ApeCoin (APE) will unlock approximately 15.6 million tokens at 8:30 pm on January 17th, Beijing time, with a ratio of 2.16% to the current circulation and a value of approximately US$17.3 million.
Echelon Prime (PRIME) will unlock approximately 750,000 tokens at 8 a.m. Beijing time on January 17th, with a ratio of 1.42% to the current circulating supply and a value of approximately US$9.6 million.
Fusionist (ACE) will unlock approximately 1.8 million tokens at 8 a.m. Beijing time on January 17th, accounting for 3.95% of the current circulating supply and worth approximately US$3.3 million.
OmniFlix Network (FLIX) will unlock approximately 15.31 million tokens at 8 a.m. Beijing time on January 17th, accounting for 3.66% of the current circulating supply and worth approximately US$1.5 million.
January 18
Token Unlocked:
Ondo (ONDO) will unlock approximately 1.94 billion tokens at 8 a.m. Beijing time on January 18th, accounting for 134.21% of the current circulating supply and worth approximately US$2.41 billion.
UXLINK (UXLINK) will unlock approximately 26.56 million tokens at 8 a.m. Beijing time on January 18th, accounting for 15.63% of the current circulating supply and worth approximately US$33.2 million.
QuantixAI (QAI) will unlock approximately 232,000 tokens at 8 a.m. Beijing time on January 18th, accounting for 4.79% of the current circulation and worth approximately US$19.6 million.
Cloud (CLOUD) will unlock approximately 48.92 million tokens at 11:00 pm on January 18th, Beijing time, accounting for 27.18% of the current circulating supply and worth approximately US$8.5 million.
QuantixAI (QAI) will unlock approximately 232,000 tokens at 8 a.m. Beijing time on January 18th, accounting for 4.79% of the current circulation and worth approximately US$19.6 million.
Hatom (HTM) will unlock approximately 2.55 million tokens at 8 a.m. Beijing time on January 18th, accounting for 5.70% of the current circulating supply and worth approximately US$2.5 million.
January 19
Token Unlocked:
Hooked Protocol (HOOK) will unlock approximately 4.17 million tokens at 8 a.m. Beijing time on January 19th, with a ratio of 1.89% to the current circulating supply and a value of approximately US$1.5 million.
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