This Week's News Preview | The results of the U.S. election will be announced; the Federal Reserve will release its interest rate decision; OKX will launch Scroll (SCR) spot trading
Highlights of the week from November 4 to November 10.Organizer: Fairy, ChainCatcher
Key News:
- The Federal Reserve will announce the interest rate decision on November 8 at 3:00 AM
- MakerDAO plans to vote on brand selection on November 4
- The results of the U.S. election are expected to be announced on November 6
- Monero P2P trading platform LocalMonero will shut down its website on November 7
- Lamborghini and Animoca will collaborate to launch the Fast ForWorld platform on November 7
- OKX will launch SCR/USDT spot trading on November 4
November 4 (Monday)
MakerDAO plans to vote on brand selection on November 4
MakerDAO is discussing whether to abandon the Sky brand due to a lukewarm market response after rebranding. Although the launch of the USDS stablecoin was successful, the SKY token has performed poorly, recently dropping by 23%.
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 undergo rebranding.
Previous news reported that Rune Christensen, the founder of MakerDAO (now renamed Sky), announced on social media that he would draft an Atlas Edit proposal for a community vote on the project's core brand selection.
OKX will launch SCR/USDT spot trading on November 4
According to the official announcement, OKX will open SCR/USDT spot trading on November 4, 2024, at 16:00 (UTC+8).
- SCR deposits will open on November 1, 2024, at 6:00 AM (UTC);
- The auction time will be from November 4, 2024, 15:00 to 16:00 (UTC+8);
- SCR withdrawals will open on November 5, 2024, at 18:00 (UTC+8).
November 5 (Tuesday)
Jupiter plans to deprecate the old limit order endpoint on November 5
DEX aggregator Jupiter announced on the X platform that it will deprecate the old limit order endpoint on November 5, 2024. Users still using the old endpoint are advised to upgrade to the latest version as soon as possible.
November 6 (Wednesday)
The Federal Reserve will hold an FOMC meeting from November 6 to 7
The Federal Reserve will hold an FOMC meeting from November 6 to 7 and will make the next interest rate decision at 3:00 AM Beijing time on the 8th.
Binance will delist IDRT, KP3R, OOKI, UNFI
Binance announced that it will delist IDRT, KP3R, OOKI, and UNFI at 11:00 AM (Beijing time) on November 6, 2024. The trading pairs to be removed include KP3R/USDT, OOKI/USDT, UNFI/BTC, UNFI/TRY, UNFI/USDT, and USDT/IDRT.
The results of the U.S. election are expected to be announced on November 6
The U.S. election will begin at 6:00 AM Eastern Time on November 5 (18:00 Beijing time on November 5), with polling stations gradually closing until 7:00 PM (7:00 AM Beijing time on November 6). The election results are expected to be largely confirmed by noon on November 6 Beijing time.
Voting on the ZKsync proposal "Distributing 325 million ZK tokens within 9 months" will start on November 6
The ZKsync community ZK Nation stated that the ZKsync Ignite Program TPP 001 proposal "Distributing 325 million ZK tokens within 9 months" has been submitted on-chain after representative feedback and multiple iterations, with voting expected to start around 01:00 on November 6.
The proposal suggests distributing 325 million ZK tokens within 9 months, with 300 million allocated to users through six minters (with a cap of 50 million each), and an additional 25 million tokens managed by four minters to cover management and unforeseen costs. This proposal aims to establish a DeFi liquidity hub on the ZKsync Era and enhance the liquidity of all interoperable ZK chains (Elastic Chain).
November 7 (Thursday)
OKX will delist VELA, KAN, WSM, BORING, CEEK, AVIVE spot trading
OKX will delist trading pairs VELA/USDT, KAN/USDT, KAN/USDC, WSM/USDT, BORING/USDT, BORING/USDC, CEEK/USDT, AVIVE/USDT, and AVIVE/USDC from 16:00 to 16:30 (UTC+8) on November 7, 2024.
Users must cancel orders for the above trading pairs before 16:00 on November 7, 2024. If not canceled in time, the order system will automatically execute, and cancellations may take 1 to 3 business days.
Monero P2P trading platform LocalMonero announces it will cease operations, shutting down its website on November 7
Monero P2P trading platform LocalMonero announced it will cease operations, with all new registrations and ad postings disabled. New trades will be disabled starting May 14, 2024, and the website will close on November 7, 2024.
LocalMonero stated, "After nearly 7 years of operation, we have made the difficult decision to shut down the platform due to a combination of internal and external factors."
Gitcoin: GG22 grants have opened, set to end on November 7
Gitcoin announced on the X platform that the GG22 grant event has started, with a deadline of November 7 at 7:59. The total allocation for the OSS program and 7 rounds of community rounds exceeds $1.4 million. New features introduced in this round of donations include: cross-chain and trading within the platform, creating proofs, and sharing donations online. Additionally, Gitcoin has upgraded the witch resistance system to version 2.0, providing stronger protection for fund allocation.
Lamborghini and Animoca, along with Motorverse, will jointly launch the Fast ForWorld platform on November 7
Lamborghini has partnered with Web3 gaming company Animoca Brands to launch the first blockchain-based interoperable digital car, marking its official entry into the Web3 gaming space. This collaboration will be realized through a platform called "Fast ForWorld," where players can buy, sell, and drive Lamborghini cars in games within the Motorverse ecosystem, including Torque Drift 2 and REVV Racing.
Animoca stated that the platform will go live on November 7 and will provide 3D wallet functionality, allowing users to store and use their digital cars. This collaboration is part of Lamborghini's exploration of new ways to engage with the Web3 brand.
November 8 (Friday)
The Federal Reserve will announce the interest rate decision at 3:00 AM on November 8
The Federal Reserve will announce the 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.
Coinbase will delist Decentralized Social (DESO)
Coinbase Assets stated on the X platform that Coinbase will suspend trading of Decentralized Social (DESO) around 2:00 PM Eastern Time on November 8. The team has switched the DESO order book to limit order mode.
November 9 (Saturday)
Shib postpones the originally scheduled ShibaCon on November 9
Shib announced on the X platform that the ShibaCon originally scheduled for November 9 in Bangkok has been postponed to provide a better experience. Shib has not disclosed specific details yet, only stating that confirmation will be sent via email and that refunds will be available for ticket holders.
