Must-watch next week | The Federal Reserve announces a new interest rate decision; ODOS and other projects will soon hold TGE or airdrop (12.16-12.22)

Next weeks highlights

December 16

Ethena may launch a new stablecoin product USDtb on December 16 ;

Swan Chain will launch token TGE on December 16 ;

Over Protocol will open airdrops on December 16th ;

December 17

Streamflow: The token airdrop will start at 21:00 Beijing time on December 17 ;

The blockchain game Nifty Island will hold a TGE on December 17 ;

December 18

Sophon announced that it will launch the mainnet on December 18 ;

December 19

The Federal Reserve will announce a new interest rate decision ;

December 20

ODOS airdrop enquiries are now open, and airdrop claims will be open on December 20 ;

Tomarket token TOMA will be launched on December 20 ;

Others (specific time undetermined)

The Sonic Labs mainnet will be open to the public next week ;

From December 16 to December 22, more noteworthy events in the industry are previewed below.

December 16

Ethena may launch new stablecoin product USDtb on December 16

Odaily Planet Daily reported that Ethena officially released a video on the X platform to showcase USDtb-related content, with the text December 16, 2024, and may launch its new stablecoin product USDtb on December 16.

Stacks announces sBTC deployment plan, deposit function is expected to be opened on December 16

Odaily Planet Daily News: Stacks, a Bitcoin scaling solution, announced on the X platform that it will deploy sBTC in two phases. The first phase of the mainnet will be launched on December 16, 2024, and the Bitcoin deposit function will be opened. The second phase will be launched within 6-8 weeks after the first phase, and is expected to be launched in the first quarter of 2025, when the Bitcoin withdrawal function will be opened.

Taiko announces that the third phase of the Trailblazers airdrop event will start on December 16

According to official news, Ethereum L2 network Taiko announced that the third phase of the Trailblazers airdrop event will start at 20:01 Beijing time on December 16, 2024, and will last until March 17, 2025. A new lock-up event will also be launched simultaneously. The event will provide users with ample time to lock TAIKO, earn rewards, and improve their rankings.  

The Kakarot testnet based on Starknet Sepolia will be shut down on December 16, 2024

Odaily Planet Daily reported that Kakarot, a zkEVM network based on Starknet, has abandoned the deployment of Starknet. Kakarot on the Starknet Sepolia test network will be shut down on December 16, 2024.  

Avalanche 9000 will launch mainnet on December 16

Odaily Planet Daily News: Avalanche Foundation published a statement on the X platform stating that Avalanche 9000 will launch the mainnet on December 16.  

Swan Chain will launch token TGE on December 16

Odaily Planet Daily News AI super chain Swan Chain announced that its native token SWAN TGE will be held at 23:00 (Beijing time) on December 16. Before that, miners can obtain SWANU by contributing computing resources. SWANU can be exchanged for SWAN at a rate of 1:1 after TGE. Community users can obtain XP points by participating in Swan Chain Mission as a certificate for obtaining airdrop qualifications in the future.

It is reported that the total supply of SWAN tokens is 1 billion. 20% of the tokens will be allocated for early users and future community reward airdrops to encourage network participation and interaction. 20% of the tokens will be allocated to investors to provide initial development and ecological expansion funds for Swan Chain; 20% of the tokens will be allocated to the DAO treasury to manage financial needs such as investment and compliance expenditures; 25% of the tokens will be allocated to the ecological fund to fund projects to support ecological growth; 15% of the tokens will be allocated to important developers and team members.

Over Protocol will open airdrops on December 16th

Odaily Planet Daily News: The lightweight node protocol Over Protocol announced a series of key time point updates: Nethers trading on Arbitrum will end at 13:00 (Beijing time) on December 13; OverScape will be launched at 13:00 on December 14; Nethers NFT cross-chain bridge will be opened at 8:00 on December 16, and airdrop collection will start at 9:00. Officials said that the OverFlex function will be launched before December 16, and Nethers NFT cross-chain and airdrop collection will last for 3 months.

December 17

TON plans to update the validator software on December 17

According to TON Status, the mainnet validator and liteserver owner plan to update the network on December 17. TON requires validators to schedule a time to update the validator software at 11:00 UTC on December 17. This update is mandatory and, among other features, improves the work of the database, adds convenient options for key backup, and more.

The Open League New Year Season event will last until 19:00 on December 17th

Odaily Planet Daily News: The Open League official posted on the telegram channel: The Open League New Year season has started, and a $1.5 million reward pool is available for active TON ecosystem users to strive for. Users can choose to participate in badges and join TON DeFi activities to accumulate points for the final airdrop. The on-chain activities will start at 19:00 Beijing time today and last until 19:00 on December 17th, Beijing time. Users will have 20 days to earn a share of the New Year event rewards.

Streamflow: Token airdrop will start at 21:00 Beijing time on December 17, with a total of 1 billion tokens, and the Genesis airdrop accounts for 10%

Odaily Planet Daily News: The official foundation of the Solana ecological project Streamflow published a statement on the X platform stating that the STREAM token airdrop will be launched on December 17, with a total of 1 billion tokens and nearly 100,000 airdrop addresses. The airdrop event will be officially launched at 13:00 (UTC time) on December 17, 2024. It is understood that 70% of STREAM tokens will be used for ecosystem and community growth; the remaining 30% will be allocated to the teams initial contributors and private investors.

The blockchain game Nifty Island will hold a TGE on December 17

Odaily Planet Daily News: Ethereum blockchain game Nifty Island announced on X that its token ISLAND will conduct TGE on December 17.

December 18

Hong Kongs Stablecoin Bill Gazette to be submitted for first reading on December 18

Odaily Planet Daily News According to a news release from the Hong Kong Special Administrative Region Government, Hong Kong published the Stablecoin Bill in the Gazette today to introduce a regulatory system for issuers of fiat stablecoins in Hong Kong. The Bill aims to improve the regulatory framework for virtual asset activities to address the potential risks posed by fiat stablecoins to financial stability, ensure that users have adequate protection, and maximize the benefits that virtual assets and related technologies can bring. Under the proposed licensing system, anyone who conducts any of the following activities must first obtain a license from the Monetary Authority:

(i) issuing legal tender stablecoins in Hong Kong in the course of its business;

(ii) in the course of its business, issuing a fiat currency stablecoin purportedly pegged to the value of the Hong Kong dollar; or

(iii) actively promote the issuance of its fiat stablecoin to the Hong Kong public.

In order to effectively implement the system, the Bill also proposes to give the Monetary Authority the necessary supervisory, investigative and law enforcement powers. The Bill will be submitted to the Legislative Council for first reading on December 18.

Binance will launch USUAL/BTC and other trading pairs on December 18

According to the official announcement, Binance will open USUAL/BTC, USUAL/USDT, USUAL/FDUSD and USUAL/TRY spot trading pairs at 11:00 (UTC) on December 18, 2024. Users can now start recharging USUAL, and the withdrawal function will be open at 11:00 (UTC) on December 19, 2024.

Sophon announced that it will launch the mainnet on December 18

Odaily Planet Daily News: Modular blockchain Sophon announced on the X platform that it will launch the mainnet on December 18.

In October this year, Binance Labs announced an investment in Sophon, but the specific amount was not disclosed.

Ubisoft and Arbitrum to launch Web3 shooter Captain Laserhawk on December 18

Odaily Planet Daily News Arbitrum Foundation and Ubisoft announced that the Web3 shooting game Captain Laserhawk: The GAME will be released on December 18.

The game is set in the Ubisoft gaming universe and features characters from games such as Far Cry: Blood Dragon, Rayman, Assassins Creed, Beyond Good and Evil, The Crew, Rainbow Six, Splinter Cell and Watch Dogs.

Captain Laserhawks gameplay combines classic top-down shooter mechanics with competitive leaderboards and Web3 features. Storywise, it is a media spinoff of the 2023 Netflix show Captain Laserhawk: A Blood Dragon Remix, and one of a series of games from Ubisoft exploring Web3, blockchain, and NFTs. (Cointelegraph)

December 19

The Federal Reserve will announce a new interest rate decision

Odaily Planet Daily reported that at 3:00 Beijing time on December 19, the Federal Reserve will announce a new interest rate decision, after which Powell will hold a monetary policy press conference at 3:30.

December 20

Cash App will stop allowing fee-free peer-to-peer Bitcoin transfers starting December 20

Odaily Planet Daily News Blocks Cash App announced that it will end support for peer-to-peer transfers of Bitcoin through cashtags starting December 20, 2024, but users can still transfer money through the Lightning Network or the Bitcoin blockchain. A Cash App spokesperson said the move was to focus resources on products and services that Bitcoin users value most. It is reported that the decision was made months after the US federal investigation agency questioned Blocks compliance, but officials denied the connection between the two. Cash App was launched in 2013 and currently has 56 million active accounts, providing services such as Bitcoin trading, stock purchases and payments.

ODOS airdrop enquiry is now open, and airdrop claims will be open on December 20th

Odaily Planet Daily News DEX aggregator ODOS announced the official launch of Odos DAO and launched its tokenized loyalty program, which is scheduled to go online at 12:00 on December 20, Beijing time. It marks a shift towards decentralized governance and user-centric growth.

To reward early adopters, 494,278 eligible addresses will receive retroactive ODOS rewards based on historical usage. Airdrop eligibility queries will begin on December 12, 2024, and airdrop claims will begin on December 20, 2024.  

Tomarket Token TOMA will be launched on December 20

Odaily Planet Daily News Telegram ecosystem application Tomarket announced that the TOMA token will be launched on December 20. Before the token is launched, a round of airdrop activities will be carried out, allocating 30% of the total TOMA tokens to reward users who actively participate in platform activities before the token is launched. The minimum threshold for this airdrop is Silver I level, and all users who reach this level and above can participate. The airdrop amount will be allocated according to the users level, taking into account the participation in blind boxes, sign-in and other activities. The snapshot will be taken at 10: 00 on December 19, 2024.

December 21

None  

December 22

None  

Others (specific time undetermined)

Satoshi Act Fund Co-founder: Another version of the Strategic Bitcoin Reserve bill will be announced next week

Odaily Planet Daily News: Satoshi Action Fund (SAF) co-founder and CEO Dennis Porter posted on the X platform that it will announce the launch of another version of the Strategic Bitcoin Reserve bill next week.

It is reported that the Bitcoin Rights bill previously passed by the Pennsylvania House of Representatives was drafted by the external Bitcoin advocacy organization Satoshi Action Fund, which is the latest move to help legislators understand the nuances of blockchain technology and Bitcoin. SAF has successfully helped 20 other states draft and pass similar legislation, including four bills that became law in Oklahoma, Louisiana, Montana and Arkansas.  

Sonic Labs mainnet will be open to the public next week

Odaily Planet Daily News Sonic Labs (formerly Fantom) announced on X that the mainnet will be open to the public next week.

Earlier on December 3, Sonic Labs announced that its mainnet had generated the first transaction block, marking the completion of the Genesis phase and is expected to be officially launched soon. The team previously announced that it expects the mainnet to be launched in late November or early December, which means it is expected to maintain this schedule.