This Week's Key Events Preview | Ethereum Developer Conference Devcon 7 will be held; U.S. October CPI data will be released; Biden and Trump will meet
Highlights of the week from November 11 to November 17.Organizer: Fairy, ChainCatcher
Key News:
- ChainCatcher and RootData will hold the "DeInsight 2024" summit in Bangkok on November 11
- Ethereum Developer Conference Devcon 7 will be held in Bangkok, Thailand from November 12 to 15
- Hong Kong Stock Exchange will launch the Hong Kong Stock Exchange Virtual Asset Index Series on November 15
- Biden and Trump will meet at the White House on November 13
- The U.S. will release October CPI data on November 13
November 11 (Monday)
ChainCatcher and RootData will hold the "DeInsight 2024" summit in Bangkok on November 11
Leading Web3 asset data platform RootData, in collaboration with ChainCatcher, will hold the "DeInsight 2024" summit in Bangkok, Thailand on November 11.
It is reported that "DeInsight 2024" aims to bring together top Web3 companies, outstanding entrepreneurs, investors, and innovative developers to promote high-quality communication and idea exchange within and outside the industry, generating constructive thoughts.
Coinbase Derivatives will launch Silver (SLR) and Stellar (XLM) futures on November 11
Coinbase's derivatives trading platform, Coinbase Derivatives, announced that it will launch Silver (SLR) and Stellar (XLM) futures on November 11.
Binance plans to adjust the calculation method for the settlement price of delivery contracts on November 11
Binance will adjust the calculation method for the settlement price of delivery contracts at 16:00 (UTC+8) on November 11, 2024. The settlement price will use the average of the price index every second during the last 30 minutes before delivery (from 15:30 to 16:00 UTC+8), totaling 1,800 price indices.
Current contract settlement price calculation: The settlement price will be calculated based on the average of the price index every second during the last hour before delivery (from 15:00 to 16:00 UTC+8), totaling 3,600 price indices.
New contract settlement price calculation: The new settlement price will be calculated based on the average of the price index every second during the last 30 minutes before delivery (from 15:30 to 16:00 UTC+8), totaling 1,800 price indices.
The second closed beta test of the blockchain game Lumiterra is expected to start on November 11
Ronin announced that the second closed beta test of the blockchain game Lumiterra is expected to start on November 11 and will last for about three weeks. Any user who has obtained whitelist access to Lumiterra can participate.
November 12 (Tuesday)
Ethereum Developer Conference Devcon 7 will be held in Bangkok, Thailand from November 12 to 15
According to an official blog post from Ethereum, the Ethereum Developer Conference Devcon 7 will be held in Bangkok, Thailand from November 12 to 15, 2024.
The article points out that Devcon 7 is being prepared to be a more inclusive and regional event. To reflect this vision, it is referred to as "Devcon Southeast Asia" instead of mentioning the name of the host city. The Ethereum community in Southeast Asia has tremendous potential, as evidenced by its rapidly growing cryptocurrency adoption rate. Vietnam, the Philippines, Indonesia, and Thailand are leading in the global cryptocurrency adoption index, highlighting the region's key role in the global Ethereum landscape.
DePIN L1 protocol Peaq will launch on November 12
The DePIN L1 protocol Peaq announced on X that it will launch on November 12. Previously, in May, Peaq completed a $20 million fundraising through CoinList, with over 14,500 community members contributing more than $36 million.
Binance will launch SOLUSDT options at 16:00 on November 12
Binance will launch daily and weekly SOLUSDT options at 16:00 on November 12. The SOLUSDT daily and weekly options are European-style options contracts.
Law firm Pomerantz files a class action lawsuit against Coinbase Global, investors must apply to be lead plaintiffs by November 12
U.S. law firm Pomerantz announced that it has filed a class action lawsuit against Coinbase Global, Inc. (NASDAQ: COIN), accusing the company and some of its executives of securities fraud or other illegal business practices. Investors must apply to be lead plaintiffs in the class action lawsuit by November 12, 2024.
It is reported that this lawsuit stems from the news that the UK's Financial Conduct Authority (FCA) imposed a £3.5 million fine on Coinbase's subsidiary CB Payments Limited on July 25, 2024, which caused Coinbase's stock price to drop by 5.53% on that day.
November 13 (Wednesday)
Biden and Trump will meet at the White House on the 13th
According to Jin10, the White House stated on the 9th that at the invitation of President Biden, Trump, who won the 2024 presidential election, will meet with Biden at the White House at 11:00 AM Eastern Time on the 13th (midnight next Thursday Beijing time). No further details have been disclosed.
The U.S. will release October CPI data on November 13
On Wednesday, November 13, at 21:30 Beijing time, the U.S. October CPI data will be released, which may have a significant impact on market expectations for interest rate cuts.
Former Celsius CEO will return to court on November 13 to defend against his motion to dismiss charges
In a document submitted to the U.S. District Court for the Southern District of New York on October 23, Judge John Koeltl ordered former Celsius CEO Alex Mashinsky and prosecutors to appear in court on November 13 to "preserve testimony" and address his motion to dismiss certain charges in the indictment. In January, Mashinsky's lawyer submitted a motion to dismiss charges related to commodity fraud and market manipulation.
In July 2023, authorities arrested Mashinsky and charged him with seven felonies. Prosecutors accused the former CEO and former Chief Revenue Officer Roni Cohen-Pavon of "illegally manipulating the price" of the platform's token CEL, and Mashinsky is accused of misleading users about the nature of investments.
According to court records, Mashinsky has not appeared in person since February. In addition to the hearing on November 13, Judge Koeltl also ordered both parties to hold a pretrial conference on January 16. The jury trial is scheduled to begin on January 28.
November 14 (Thursday)
New York judge will rule on Greenidge's Bitcoin mining license by November 14
Mining company Greenidge Generation has received a temporary extension allowing its Bitcoin mining facility in Dresden to continue operating until November 14.
Greenidge noted in a filing on Tuesday that the New York State Supreme Court is expected to rule on its lawsuit against the New York State Department of Environmental Conservation (DEC) on November 14. In June 2022, the DEC denied Greenidge's application to renew its Title V air permit for the Dresden plant. After an appeals process, Greenidge was ultimately denied again in May of this year.
A court hearing was held on October 29, and the permit was further extended until November 14.
Greenidge announced preliminary financial results for the third quarter earlier this month, stating that it produced 167 BTC from July to September, of which 54 BTC were produced by proprietary hash rate and 113 BTC were produced for custody client NYDIG.
November 15 (Friday)
Hong Kong Stock Exchange will launch the Hong Kong Stock Exchange Virtual Asset Index Series on November 15
The Hong Kong Stock Exchange announced today that it will launch the Hong Kong Stock Exchange Virtual Asset Index Series on November 15, 2024, providing a reliable benchmark price for this rapidly emerging asset class and supporting Hong Kong's development as a leading digital asset hub in Asia.
The index series will provide transparent and reliable benchmarks for the pricing of Bitcoin and Ethereum in the Asian time zone, aiming to provide a unified reference price for virtual assets and address the price discrepancies of such assets across global exchanges.
HKEX Group CEO Charles Li stated, "We are pleased to launch the Hong Kong Stock Exchange Virtual Asset Index Series to meet the regional demand for this rapidly emerging asset class. By providing transparent and reliable real-time benchmarks, we hope to help investors make informed investment decisions, thereby supporting the healthy development of the virtual asset ecosystem and consolidating Hong Kong's position as an international financial center."
Switzerland launches public consultation on crypto tax information sharing, deadline November 15
Switzerland is considering incorporating crypto tax data into its international information exchange agreements.
The Federal Council launched a consultation process for a new bill on Wednesday. The bill aims to facilitate the sharing of information on crypto assets with 111 jurisdictions that are currently part of automatic information exchange. Sharing depends on whether they comply with the OECD's crypto asset reporting framework.
Switzerland has long been a leader in cryptocurrency adoption. Places like Lugano were among the first to accept cryptocurrencies like Tether (USDT) and Bitcoin (BTC) for tax payments. The country's political framework allows the Federal Tax Administration to classify Bitcoin as a means of payment. Therefore, Bitcoin is exempt from value-added tax (VAT).
The Federal Council's goal is to determine the start date for the automatic exchange of crypto-related information with its partner states. The consultation period for this legislative proposal will end on November 15, 2024.
Heather Morgan, an accomplice in the Bitfinex hack case, will be sentenced on November 15
U.S. prosecutors are seeking an 18-month prison sentence for Heather Morgan (better known by her rapper name "Razzlekhan") for her involvement in laundering 120,000 Bitcoins stolen in a 2016 hack of Bitfinex.
It is reported that in August 2023, Morgan pleaded guilty to one count of conspiracy to commit money laundering and one count of conspiracy to defraud the United States, each carrying a maximum sentence of five years. Morgan will be sentenced at 2 PM on November 15 in Washington, D.C.
