This Week's Noteworthy Events(Nov 18, 2024–Nov 24, 2024)

Token Unlocks  • Avalanche (AVAX): Unlocking approximately 1.67 million tokens (0.41% of circulating supply) valued at $61.3 million on November 18, 2024, at 00:00 UTC.  • Oasis (ROSE): Unlocking approximately 176 million tokens (2.62% of circulating supply) valued at $14.6 million on November 18, 2024, at 16:00 UTC.  • Pixels (PIXEL): Unlocking approximately 54.37 million tokens (7.05% of circulating supply) valued at $11.4 million on November 19, 2024, at 10:00 UTC.  • Eigenlayer (EIGEN): Unlocking approximately 1.29 million tokens (0.69% of circulating supply) valued at $3.2 million on November 19, 2024, at 19:00 UTC.  • Cardano (ADA): Unlocking approximately 18.53 million tokens (0.05% of circulating supply) valued at $13.4 million on November 20, 2024, at 00:00 UTC.  • Ethena (ENA): Unlocking approximately 12.86 million tokens (0.45% of circulating supply) valued at $7.4 million on November 20, 2024, at 00:00 UTC.  • SPACE ID (ID): Unlocking approximately 18.49 million tokens (4.29% of circulating supply) valued at $8.3 million on November 21, 2024, at 00:00 UTC.Magic Eden: $ME Tokenomics to Launch on November 18  According to an official announcement from Magic Eden, the tokenomics model for its $ME token will officially be released on November 18.McDonald‘s and NFT Brand Doodles to Launch Co-Branded Coffee Cups on November 18  Fast-food giant McDonald’s

2024-11-18Deep Dive

Thune helped cosponsor a crypto bill in 2022 called the Digital Commodities Consumer Protection Act

Sen. John Thune, who has backed crypto-related bills in the past, has been elected to serve as Senate Majority Leader next year.  The Republican from South Dakota was picked during a closed-door process on Wednesday, according to news reports.  “I am extremely honored to have earned the support of my colleagues to lead the Senate in the 119th Congress, and I am beyond proud of the work we have done to secure our majority and the White House,” Thune posted on X.  Thune currently has a spot on the Senate Finance Committee, which has jurisdiction over taxes and revenue. He helped cosponsor a crypto bill in 2022 called the Digital Commodities Consumer Protection Act or DCCPA, alongside Sen. Cory Booker, D-N.J., and sponsors Sens. Debbie Stabenow, D-Mich., and John Boozman, R-Ark.  Former FTX CEO Sam Bankman-Fried reportedly backed DCCPA. Bankman-Frieds exchange later collapsed following a liquidity crisis and fraud allegations. Later, the Senate Agriculture Committee chaired by Stabenow released a statementthat said DCCPA would have blocked FTXs wrongdoings.  The bill aimed to establish a legal definition for digital commodities and place their trading under the jurisdiction of the Commodity Futures Trading Commission.  “Technology continues to transform digital commodities, and its critical that the Commodity Futures Trading

2024-11-14Deep Dive

Polymarket Founder Raided by FBI After Trump Win, Company Says

Polymarket has confirmed that its CEO, Shayne Coplan, was the target of a raid conducted by law enforcement on Wednesday. During the raid, which took place in Manhattan, Coplan‘s phone and electronic devices were seized, though he was not arrested. Coplan’s team claims he is a victim of “political retaliation.”  A spokesperson alleged that Polymarket “accurately predicted the 2024 presidential election,” as bettors on the platform correctly forecast Republican Donald Trumps victory in the White House. The spokesperson further suggested this accuracy may have led to Coplan being targeted.  The New York Post first reported the raid, noting that FBI agents executed the operation without providing any explanation for their actions.  “Polymarket is a fully transparent prediction market that helps people better understand the events that matter most to them,” the spokesperson said. “We charge no fees, conduct no trading, and allow observers from around the globe to analyze market data as a public resource.”  While polls before Election Day described the U.S. presidential race as too close to call, Polymarket and other prediction markets favored the eventual winner, Donald Trump, over Vice President Kamala Harris. Following Trump‘s overwhelming victory, some in the industry lauded Polymarket’s accuracy as a “crystal ball moment,” while critics

2024-11-14Deep Dive

DeltaPrime Protocol Attacked on Arbitrum and Avalanche, Resulting in $4.8 Million Loss

According to PeckShield Alert, decentralized finance platform DeltaPrime suffered an attack on the Arbitrum and Avalanche blockchains, resulting in the loss of approximately $4.8 million in crypto assets. Reports indicate that the attacker has funneled around $1.3 million into LFJ (formerly known as Trader Joe) to provide liquidity and engaged in USDC mining on the Stargate platform.  DeltaPrime has officially confirmed the attack on its protocol on both Avalanche and Arbitrum chains, with initial loss estimates reaching $4.75 million. The protocol has been paused on both chains to mitigate risks. DeltaPrime has advised all users to revoke permissions to active contracts to avoid further losses and emphasized that user safety remains the top priority. Further updates will be provided as soon as possible.  

2024-11-13Deep Dive

North Korean Malware Targets macOS Users by Evading Apple Notarization

Researchers at Jamf Threat Labs, specializing in Apple security, stated that the identified applications seem to be experimental. This marks the first time this technique has been observed targeting Apple‘s macOS operating system, although it does not work on the latest macOS versions. The researchers found that Microsoft’s VirusTotal online scanning service flagged these apps as harmless, while in reality, they contain malicious code. Variants of the malware are written in Go and Python and utilize Googles Flutter application framework, an open-source toolkit for building cross-platform applications.  Out of six malicious applications identified, five were signed with developer accounts and temporarily notarized by Apple. The researchers noted that the malware‘s domains and techniques bear strong similarities to those used in other North Korean hacker campaigns. There is evidence suggesting that this malware was signed and even temporarily passed Apple’s notarization process. However, it remains unclear whether the malware has been deployed in any actual attacks or if the attackers are preparing for a new method of distribution. It is likely that this is part of a broader weaponization test.

2024-11-13Deep Dive

Analyzing the Data: Current State of the GameFi Sector

Data Source: Footprint Analytics Games Research Page">Data Source: Footprint Analytics Games Research Page  October saw strong performance in BTC prices, while the market capitalization of gaming tokens remained stable at $21.15 billion, consistent with the previous month. However, key user metrics in the blockchain gaming sector experienced significant changes. Notably, daily active users (DAU) hit a new peak, driven by the rise of Telegram Mini App games. BNB Chain, Polygon, and Ethereum led the market with 22.5%, 18.4%, and 13.6% shares, respectively.  Highlights included Ubisoft‘s launch of its first blockchain game on Oasys and VanEck’s investment in Gunzilla Games, showcasing the growing interest of traditional gaming giants and major crypto funds in blockchain gaming.On-Chain Data  By the end of October, the blockchain gaming ecosystem comprised 3,503 games, with 1,336 remaining active. Out of these, 283 games attracted over 1,000 monthly active users (MAU), representing 8.1% of total games and 21.2% of active games.  • DAU Growth: DAU reached an all-time high of 5.3 million in October, marking an 11.3% increase from September. This growth was primarily driven by Matchains surge in user activity between October 10–13, following the launch of four games in the Telegram ecosystem. This trend reflects the growing impact of Telegram-related

2024-11-13Deep Dive

This Week's Noteworthy Events (Nov 11, 2024–Nov 17, 2024)

Token Unlock Schedule  • Aptos (APT): Approximately 11.31 million tokens will be unlocked on November 11, 06:00 UTC, representing 2.18% of the circulating supply, valued at approximately $128 million.  • Cardano (ADA): Approximately 92.65 million tokens will be unlocked on November 11, 00:00 UTC, representing 0.05% of the circulating supply, valued at approximately $10.8 million.  • io.net (IO): Approximately 2.11 million tokens will be unlocked on November 11, 12:00 UTC, representing 1.75% of the circulating supply, valued at approximately $4.4 million.  • Fusionist (ACE): Approximately 850,000 tokens will be unlocked on November 12, 00:00 UTC, representing 2.09% of the circulating supply, valued at approximately $2 million.  • Polyhedra Network (ZKJ): Approximately 17.22 million tokens will be unlocked on November 14, 00:00 UTC, representing 28.52% of the circulating supply, valued at approximately $19.8 million.  • CYBER (CYBER): Approximately 886,000 tokens will be unlocked on November 13, 18:00 UTC, representing 3.81% of the circulating supply, valued at approximately $3.3 million.  • Starknet (STRK): Approximately 64 million tokens will be unlocked on November 14, 00:00 UTC, representing 3.05% of the circulating supply, valued at approximately $30.3 million.  • Arbitrum (ARB): Approximately 92.65 million tokens will be unlocked on November 16, 13:00 UTC, representing 2.33% of the circulating supply, valued at approximately

2024-11-11Deep Dive

TEAMZ Web3・AI Summit 2025: Bringing Global Leaders to Tokyo

This summit is one of Japans largest international conferences, gathering top global leaders, innovators, investors, and companies in the Web3 and AI industries.  Event Overview  · Date: April 16-17, 2025 (Wednesday-Thursday)  · Time: 10:00 AM - 6:00 PM  · Location: Toranomon Hills International Forum, Tokyo  · Scale: Over 5000 attendees from around the world  · Organizer: TEAMZ, Inc.  Additionally, the summit will attract the following industry participants:  · 120+ Speakers  · 100+ Exhibiting Companies  · 100+ Venture Capital Firms  · 100+ Communities  · 100+ Media Outlets  · 450+ Key Opinion Leaders (KOLs)  More than 5000 Web3 professionals from Japan and abroad are expected to attend, exploring innovation, business opportunities, and technology development.  Summit Purpose  The TEAMZ Web3・AI Summit 2025 aims to discuss the future of business utilizing Web3 and AI technologies, promoting the development of Japan and the global tech industry. The summit will dive into opportunities and societal impacts brought by the next generation of blockchain technology, decentralized systems, and AI, providing a platform for participants to forge new connections.  Participants and Agenda  · Participant Profile: CEOs, executives, technical leaders, developers, VCs, investors, media, and community leaders in the Web3 and AI space will be attending.  · Agenda:  Keynote Speeches: Leading figures in Web3 and AI will give keynote speeches on the future of technology and its impact on

2024-11-07Deep Dive

Trump Elected U.S. President: What’s His Stance on the Crypto Industry?

Washington (AP) – Donald Trump was elected as the 47th President of the United States on Wednesday, marking an extraordinary comeback for the former president who, four years ago, refused to concede defeat, sparked a violent uprising at the U.S. Capitol, faced criminal convictions, and survived two assassination attempts.  Trump secured crucial swing states, including Pennsylvania, North Carolina, and Georgia, garnering enough electoral votes to win. Although some states are still counting ballots, major media outlets have declared Trump the winner.  Donald Trumps stance on cryptocurrency has undergone a significant shift. During his previous presidency, Trump openly criticized Bitcoin and other cryptocurrencies, calling them a “scam” and warning about their potential use in illegal activities.  However, by 2022, Trumps position began to change as he launched his own NFT series. During his presidential campaign, he started accepting cryptocurrency donations, promising to secure the future of cryptocurrencies and Bitcoin in the U.S., rather than allowing them to be driven overseas. Additionally, Trump spoke at the Bitcoin Conference, pledging to make the U.S. a “Bitcoin superpower” and proposing a national Bitcoin strategic reserve.  This shift has attracted widespread attention in the cryptocurrency industry, with many believing it could foster a more favorable regulatory environment for cryptocurrencies

2024-11-07Deep Dive

Slowmist Releases October Web3 Security Incident Report

According to Slowmist, October Web3 security incidents led to an estimated $147 million in total losses, with 28 separate attacks accounting for approximately $129 million, of which $19.3 million was later recovered. These incidents included exit scams, account takeovers, and price manipulation.  Additionally, data from Scam Sniffer reported 12,058 phishing victims in the month, collectively losing $18.04 million.  

2024-11-06Deep Dive
1
...
1113
...
743