1. Binance HODLer Airdrop Launches Second Project: Thena (THE) link

Binance HODLer Airdrop has launched its second project, Thena (THE), a DEX and liquidity network built on BNB Chain and opBNB. Binance listed Thena (THE) on November 27, 2024, at 18:00 (UTC+8), with trading pairs THE/BTC, THE/USDT, THE/BNB, THE/FDUSD, and THE/TRY available. Seed Tag trading rules apply. Following its listing on Binance, THE’s price surged from $0.1682 to a peak of $4.1855, and it currently trades at $2.73, with a market capitalization of $883 million.

2. TON Teleport BTC Whitepaper Officially Released link

The whitepaper for TON Teleport BTC has been officially released, detailing the fundamental principles, technical mechanisms, and future vision of tgBTC. It explores the architecture of a trustless cross-chain bridge between Bitcoin and TON. Currently operating in its testnet phase, the process involves users sending BTC to a unique address associated with TON Teleport. After three confirmations on the Bitcoin blockchain, an equivalent amount of tgBTC is issued on the TON blockchain. Users can utilize tgBTC within the TON ecosystem or redeem it by burning tgBTC, which releases BTC back to their Bitcoin address. Validators on TON rotate every four hours, ensuring robust security and decentralization. The TON Teleport BTC testnet is set to run until 2025, with a target for mainnet deployment in the second quarter of 2025.

3. Telegram Founder Reveals Donation of 1% MAJOR Tokens, Pledges Not to Sell for 10 Years link

Pavel Durov, the founder of Telegram, shared on his personal Telegram channel that Major is one of his favorite success stories within the Telegram ecosystem. Launched by 27-year-old entrepreneur Roxman, Major achieved over $10 million in revenue and garnered 70 million users in just five months.

Durov expressed admiration for Major’s ability to swiftly adopt new possibilities on the mini-app platform and seamlessly integrate features that feel native to Telegram. He also praised Roxman, having followed his journey even before the launch of Fabrika and Major. Roxman generously donated 1% of MAJOR tokens to Durov, who pledged not to sell them for the next 10 years.

Durov revealed that the Major team is preparing numerous innovations, such as NFT username leasing and digital IDs. He also highlighted an important milestone for the team: the listing of MAJOR tokens on six major exchanges tomorrow. He concluded by wishing them success.

4. Solv Protocol Hints at Upcoming SOLV Token TGE link

The Bitcoin staking platform Solv Protocol hinted on social media about an imminent TGE (Token Generation Event) for its SOLV token, aiming to further unlock the potential of the BTC ecosystem. Previously, data from DefiLlama revealed that Solv Protocol’s TVL briefly ranked first on the Bitcoin network, surpassing the Lightning Network.

5. Polkadot 2.0 Set for Q1 Launch Next Year link

Parity Technologies, the parent company of Polkadot, has announced that the official launch of Polkadot 2.0 is expected in Q1 2025. A key feature of Polkadot 2.0, *Elastic Scaling*, is currently undergoing early testing on the Kusama network. This functionality enables a single parachain to utilize multiple cores to enhance network performance.

6. Scroll Co-Founder Sandy Peng Responds to Project Criticism link

The team acknowledges shortcomings in communicating the principles behind the airdrop design and plans to make adjustments in Session 2 to address community feedback and rectify the situation. Regarding the team wallet, it was previously stated that the treasury is intended to support core DeFi liquidity on Scroll, and the unclaimed tokens in these wallets have a negligible impact (around 0.00001%). The relatively lenient approach taken toward pre-TGE OTC transactions was to support early investors, aiding organic price discovery and alleviating future sell-off pressure. As for allowing team members to purchase tokens at the last round’s valuation, anyone who has operated a protocol understands that this is not feasible. The Scroll team is currently undergoing a reorganization to align with the next development phase.

Previously, Movement Labs co-founder Rushi Manche accused the Scroll team of various issues that have damaged the reputation of the EVM Layer 2 ecosystem. These include: launching exploitative incentive programs that ultimately shift the burden to regular investors; forcing other team members to buy in at a valuation of $1.8 billion while senior leadership sold their shares at the same time; and directly allocating airdrop tokens to their own wallets and cashing them out.

7. EigenLayer Introduces Decentralized Governance Platform EigenGov link

EigenLayer has launched the decentralized governance platform EigenGov, aimed at coordinating ecosystem participants such as EIGEN holders, AVS developers, operators, and stakers through a council network. Initially, governance will be handled by a council authorized by the community, overseeing matters such as protocol upgrades, reward management, and community grants, with EIGEN holders holding the final veto power. The governance model follows a dual-track development approach: the core branch ensures stable operation, while the vision branch explores innovation. The Eigen Foundation will gradually incubate decentralized councils and optimize mechanisms for incentives, coordination, and accountability, driving the continued evolution of the governance model.

8. Ethena Partners with Securitize to Submit USDtb Stablecoin Application link

Ethena and Securitize have announced a collaboration to submit an application for the USDtb stablecoin, participating in the SkyEcosystem’s $1 billion tokenization competition. The proposal suggests backing USDtb with BlackRock BUIDL as the primary reserve asset. USDtb will be the only stablecoin in the market fully supported by BlackRock BUIDL. The proposal also includes the creation of a swap mechanism between USDtb and USDe, enabling SkyEcosystem to seamlessly redistribute between the two assets when adjusting its reserve asset allocation.

9. Hyperliquid Airdrop Launches Friday with 1 Billion HYPE Tokens link

The Genesis event for Hyperliquid’s native token, HYPE, went live at 15:30 UTC+8 on November 29. The total supply of HYPE is capped at 1 billion tokens, with the distribution as follows: 38.888% allocated for future emissions and community rewards, 31.0% designated for the Genesis distribution, 23.8% for current and future core contributors, 6.0% for the Super Foundation budget, 0.3% for community grants, and 0.012% allocated to HIP-2. The tokens will be released over time, with 76.2% allocated to the community. Eligible participants in the Genesis event will receive 310 million tokens, which will be fully unlocked. Unallocated tokens will be transferred to future emissions and community rewards. 60 million HYPE tokens are designated for the Hyper Foundation budget, 300 tokens for grants, and 120,000 tokens for Hyperliquidity (HIP-2). A total of 388,880,000 unminted HYPE tokens are reserved for future issuance and community rewards.

10. Ripple’s RLUSD Stablecoin Anticipated for Approval link

According to FOX Business, the New York Department of Financial Services (NYDFS) is expected to approve Ripple’s issuance of its stablecoin, RLUSD. If approved, Ripple plans to officially launch RLUSD on December 4. This stablecoin is designed to meet customer demand for low-volatility digital currencies while advancing cross-border payments and remittance transactions. Previously, Ripple established the RLUSD Advisory Committee, which includes former FDIC Chairman Sheila Bair, former JPMorgan executive David Puth, and Ripple co-founder and Executive Chairman Chris Larsen.

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