One week trailer | abstract main online online; SUI (SUI) will unlock to tokens worth over $ 260 million
Reprinted from panewslab
01/26/2025·3MImportant news preview:
- The Abstract mainnet will be launched on January 27th, Eastern Time;
- Jupiter DAO: Addresses mislabeled as witches can appeal after January 27;
- Sui (SUI) will unlock approximately 64.19 million tokens at 8 a.m. Beijing time on February 1, accounting for 2.13% of the current circulating supply and worth approximately US$265 million;
- Optimism (OP) will unlock approximately 31.34 million tokens at 8 a.m. Beijing time on January 31, accounting for 2.32% of the current circulating supply and worth approximately US$51.4 million;
- DWF Labs will launch synthetic USD protocol Falcon Finance next week;
- Uniswap Labs’ v4 deployment has been gradually launched, and all contracts are expected to be fully deployed and online next week
January 27
Project updates:
Privasea AI previously announced the mainnet roadmap, and the mainnet was officially named DeepSea. The DeepSea AI network is driven by FHE deep learning and aims to provide users with comprehensive security during the computing process. According to the roadmap, on January 6, its test network will evolve from Alpha to Beta, release a new dashboard, and launch the test version of USB node and Privanetix node plan; on January 27, Genesis will fully launch the Privanetix node plan and FHEML tasks Release plan; DeepSea mainnet will be officially launched in the first quarter of 2025, launching optimized versions of USB nodes and Privanetix nodes. At the same time, the FHEML task publishing plug-in and web page will be launched. Users can design custom models, submit learning samples and publish tasks to obtain machine learning results.
Jupiter DAO: Addresses mislabeled as witches can appeal after January 27
Jupiter DAO posted on the X platform that if it is mistakenly labeled as a witch, it will need to wait until after January 27, when appeals will be opened. Additionally, Jupuary airdrops can be claimed on any device, and Carrots will be handled separately afterwards. If users forget their email or use a temporary email, they need to wait until after January 27 before submitting a ticket on Discord. If the wallet is stolen, you can sign away the token allocation, so that others cannot get the tokens even if they own the stolen wallet.
Token Unlocked:
Yield Guild Games (YGG) will unlock approximately 14.08 million tokens at 10:00 pm on January 27th, Beijing time, accounting for 3.43% of the current circulation and worth approximately US$5 million.
Velo (VELO) will unlock approximately 182 million tokens at 8 a.m. Beijing time on January 27th, accounting for 2.47% of the current circulating supply and worth approximately US$4.4 million.
January 28
Exchange:
Alankar Saxena, co-founder of Indian cryptocurrency exchange Mudrex, issued a statement saying that the platform has temporarily suspended cryptocurrency withdrawals and expects to resume normal services after completing compliance upgrades on January 28. The suspension is intended to strengthen compliance measures and prevent bad actors from exploiting the platform. The statement clearly stated that INR fiat currency withdrawals have not been affected, user funds are completely safe, and cryptocurrency and INR recharge services are still operating normally.
Project updates:
Pudgy Penguins CEO: Abstract mainnet will be launched on January 27th, Eastern Time
Pudgy Penguins CEO Luca Netz posted on the X platform that the Abstract mainnet will be launched next Monday (US time). Previously, it was reported in June last year that the parent company of Pudgy Penguins acquired Frame, an on-chain creator platform, with the aim of developing Abstract Chain, a Layer 2 network designed specifically for on-chain culture and community.
Crypto company Ctrl Wallet is up for sale, bidding deadline is January 28
Emile Dubie, CEO and founder of multi-chain self-hosted wallet solution Ctrl Wallet, said in an interview that the company is for sale, and that the sale process was launched after the company received two merger proposals late last year. The wallet provider (formerly XDEFI) received an acquisition offer from a crypto protocol, as well as a proposal to merge with a large decentralized exchange (DEX). Dubie added that the company subsequently hired investment bankers to organize the sale process and was advised by Imperii Partners. The auction process is ongoing, with bidding closing on January 28 and the winning bidder expected to be announced on January 31.
Dubie said that Ctrl Wallet currently has 650,000 users and aims to exceed 2 million users by the end of the year. The company’s main competitors are Coinbase Wallet, Binance’s Trust Wallet and OKX’s Wallet. Dubie said that in order to compete with these larger players, the company needs a partner, someone who can invest in the business. The company raised funding in 2021 at a $60 million valuation.
Dolos Developers: Will launch code-free AI Agent development platform Dolion on January 28
Dolos developer @khouuba posted on the To Meta platform, LinkedIn and WeChat, etc. All the value of the Dolion platform will flow to BULLY tokens, making them the core of the ecosystem through buyback and burning mechanisms.
Token Unlocked:
Artificial Superintelligence Alliance (FET) will unlock approximately 3.34 million tokens at 8 a.m. Beijing time on January 28th, accounting for 0.13% of the current circulation and worth approximately US$4 million.
SingularityNET (AGIX) will unlock approximately 7.71 million tokens at 8:00 a.m. Beijing time on January 28th, with a ratio of 1.85% to the current circulation and a value of approximately US$4 million.
January 29
Project updates:
Quai Network: The airdrop application website is now online, and the mainnet will be launched on January 29
L1 Network Quai Network officially announced on the QUAI tokens earned.
Token Unlocked:
Tribal Token (TRIBL) will unlock approximately 22.07 million tokens at 8 a.m. Beijing time on January 29th, accounting for 14.03% of the current circulating supply and worth approximately US$39.7 million.
Ethena (ENA) will unlock approximately 12.86 million tokens at 3:00 pm Beijing time on January 29th, with a ratio of 0.42% to the current circulating supply and a value of approximately US$10.9 million.
Eigenlayer (EIGEN) will unlock approximately 1.29 million tokens at 3 a.m. Beijing time on January 29th, with a ratio of 0.55% to the current circulating supply and a value of approximately US$3.6 million.
January 30
Policy supervision:
TD Securities: ECB expected to cut interest rates by 25 basis points next Thursday
The European Central Bank will announce an interest rate decision next Thursday, and the market expects the bank to cut interest rates by then. TD Securities foreign exchange analysts said that since the data is basically consistent with or weaker than the European Central Bank's December forecast, this meeting should directly cut interest rates by 25 basis points. Short-term market dynamics reflect tight positioning and valuations, which we believe will provide a good entry point to re-engage in fresh USD longs.
Exchange:
According to official news from Coinbase International Exchange, the platform will launch perpetual contract trading on Toshi, Gigachad and The Graph at 17:30 (UTC+8) on January 30, 2025 or later. The corresponding markets are TOSHI-PERP and GIGA-PERP respectively. and GRT-PERP. These transactions will be supported on the Coinbase International Exchange and Coinbase Advanced platforms.
Project updates:
Tesla will release 2024 Q4 and full-year financial results on January 30
According to Jinshi’s official website, Tesla will release its fourth quarter and full-year financial report for 2024 on January 29, Eastern Time (January 30, Beijing time). After the financial report is released, Tesla will hold a performance meeting at 17:30 pm Eastern Time on the 29th (6:30 am Beijing time on the 30th). According to Arkham data, the value of Tesla’s Bitcoin holdings reached US$1 billion in November last year.
Token Unlocked:
Delysium (AGI) will unlock approximately 34.38 million tokens at 8 a.m. Beijing time on January 30th, accounting for 2.41% of the current circulating supply and worth approximately US$4.6 million.
January 31
Policy supervision:
South Korea’s Ministry of Personnel Management has asked all government agencies to reassess the implementation of restrictions on cryptocurrency holdings by public officials. Agencies must review their compliance and submit reports by January 31. The ministry particularly emphasized that not only agencies dealing with virtual asset policy, drafting and enforcing regulations, but also agencies involved in promoting economic and industrial policy, may be subject to restrictions on access to virtual asset information.
The UK Treasury has introduced amendments to the Financial Services and Markets Act (FSMA), which will come into effect on January 31, to exclude cryptocurrency staking from the classification of collective investment schemes. Under this change, staking ETH and SOL will only be considered a blockchain verification process and will no longer be subject to the regulatory requirements applicable to collective investment schemes. Previously, due to vague regulatory definitions, pledges were at risk of being classified as traditional collective investment vehicles, which were subject to more stringent FSMA regulations.
The amendments clarify that staking, which involves participants locking cryptocurrencies to verify blockchain transactions and ensure network security, is inherently different from collective investment schemes and requires a tailored regulatory framework. Bill Hughes, a lawyer at ConsenSys, welcomed the move as an important step for the industry and stressed that UK law has traditionally taken a tough regulatory approach to collective investment schemes, which could hinder industry development. Notably, the move is consistent with the UK’s wider strategy to promote innovation in the cryptocurrency space while maintaining appropriate regulation to protect market participants.
Project updates:
OneKey Card will cease services on January 31st
According to the announcement on OneKey's official website, in order to improve service quality and optimize product experience, OneKey Card Service will be gradually closed. On January 31, 2025, OneKey card services will be completely discontinued.
Token Unlocked:
Optimism (OP) will unlock approximately 31.34 million tokens at 8 a.m. Beijing time on January 31, accounting for 2.32% of the current circulating supply and worth approximately US$51.4 million.
February 1
Proposal governance:
Cow DAO released the CIP-61 proposal on Snapshot, aiming to improve the revenue model of the CoW protocol. The proposal proposes continuing price improvement sharing as a primary revenue source, while introducing new strategies to test price improvement sharing and fee models. The proposal will end voting on January 29, and if passed, it will be in 2025. The proposal also allows partners to charge fees for transactions attributed to their user traffic and introduce a revenue sharing mechanism. In the future, Cow DAO can adjust the price improvement sharing, revenue sharing and fee structure at any time through new proposals to ensure the flexibility and sustainability of the agreement.
Token Unlocked:
Sui (SUI) will unlock approximately 64.19 million tokens at 8 a.m. Beijing time on February 1, accounting for 2.13% of the current circulating supply and worth approximately US$265 million.
ZetaChain (ZETA) will unlock approximately 44.26 million tokens at 8 a.m. Beijing time on February 1, accounting for 6.98% of the current circulating supply and worth approximately US$20.9 million.
Sleepless AI (AI) will unlock approximately 18.21 million tokens at 8 a.m. Beijing time on February 1, accounting for 14.01% of the current circulation and worth approximately US$10 million.
dydx (DYDX) will unlock approximately 8.33 million tokens at 8 a.m. Beijing time on February 1, with a ratio of 1.15% to the current circulating supply and a value of approximately US$9.7 million.
Manta Network (MANTA) will unlock approximately 1.87 million tokens at 7:59 am on February 1, Beijing time, with a ratio of 0.49% to the current circulating supply and a value of approximately US$1.2 million.
DODO (DODO) will unlock approximately 10 million tokens at 8 a.m. Beijing time on February 1, with a ratio of 1.38% to the current circulation and a value of approximately US$1.1 million.
February 2
Token Unlocked:
Staika (STIK) will unlock approximately 1.57 million tokens, worth approximately US$6 million, at 8:00 am Beijing time on February 2
BENQI (QI) will unlock approximately 83.08 million tokens at 8 a.m. Beijing time on February 2, accounting for 1.61% of the current circulating supply and worth approximately US$1.2 million.
Specific time to be determined
Project updates:
Uniswap Labs announced on the X platform that v4 deployment will be gradually launched this week for developers to test hooks and integration on the chain. It is expected that all contracts will be fully deployed and online next week. The contract address will be announced soon.
DWF Labs to launch synthetic USD protocol Falcon Finance next week
DWF Labs partner Andrei Grachev said on the X platform that Falcon Finance, a synthetic USD protocol, will launch next week. Falcon Finance is secured by multiple assets and uses hedging and farming systems to improve returns and stability. USDf will be launched soon.
Kinto hints at big announcement next week, possibly related to TGE
Layer 2 network Kinto posted on X that it will make a major announcement next week. Community speculation is related to TGE.
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