Jupiter Airdrop, Do Kwon Hearing & More
There are several events in the top crypto news this week, and this article provides traders and investors with the opportunity to stay ahead of developments in their respective ecosystems.
From the news of the upcoming Jupiter airdrop to the launch of the Dusk mainnet, this week is destined to be eventful in the cryptocurrency space.
THORChain integrates Base L2
In October, Nine Realms, which supports the THORChain ecosystem, announced the network’s roadmap, indicating plans to start supporting Base L2 for cross-chain exchanges.
“Base may be the next main chain connected to THORChain. The Nine Realms team is working on delivering to the main network,” excerpt in medium posts read.
The points are expected It happens in the second week of January. Jade is popular for her THORChain ecosystem updates, and in her 2025 preview, Articulated Just around the corner.
THORChain uses IBC (Inter-Blockchain Communication Protocol) to bring additional assets into the application layer. THORChain connects to more chains, increasing liquidity and improving the Liquidity Provider (LP) experience.
Normal fee switch activated
The normal (USUAL) fee conversion mechanism will be activated on Tuesday, January 7, 2025. real world assets (risk weighted average) Stablecoin Agreement, shared the news in a post on X (Twitter) on January 1.
“The era of fee switching has begun. 2025 is a tipping point Decentralized Finance: Real value, real distribution. Make the usual preparations for January 7th. New year, new standards. Let’s make 2025 the year of normalcy,” the network explain.
Fee conversion is increasingly popular in the decentralized finance space, turning passive token ownership into a more valuable experience. They can redistribute the fees collected to key stakeholders such as liquidity providers, stakeholders, and token holders.
The transition to regular fees, launched on January 7, could signal a new era for the ecosystem, prioritizing real value and fair distribution. This shift could set a new benchmark for success in the DeFi space.
At the same time, activation may also affect the competitive dynamics between them. Decentralized exchange (decentralized exchange). Leading DEXs may solidify their position by retaining a larger share of fees. However, there is also the question of how much these fees can be increased without losing liquidity and trading volume.
ZKSync Incentive Program
ZKsync’s incentive program was launched on January 6, and up to 300 million ZK tokens will be distributed to DeFi users.
“The official launch of Ignite is scheduled for Monday, January 6, 2025 at 1pm UTC,” ZKNation shared in a recent forum post.
In the first phase, the network will incentivize participation in similar pools and assets within the protocol. It will use a standardized structure to identify high-growth candidates. The network will evaluate mining pool performance. Key benefits include comparable pool APRs, TVL growth per $1 of incentives, fee generation, and share of aggregator exchange paths.
In addition to the main asset pool, ZKNation will allocate ZK to incentivize funding bridges for the ZKsync era. Specifically, it will utilize Jumper Exchange allocations to encourage users to bridge funds to the ZKsync Era and deposit them into the incentive pool.
Meanwhile, LayerSwap allocations will be targeted at users holding funds on ZKsync Lite, incentivizing them to connect those funds to ZKsync Era.
“Most people would chase stable currency pairs or deposit loan protocols, but they no Maximize their capital,” an airdrop farmer on X joke.
Jupiter Airdrop Checker Released
The original Jupiter airdrop remains one of the most successful airdrops Solana The release of Airdrop Checker deserves a spot among the top crypto news of the week so far. That makes its next airdrop, which Jupiter is expected to release this week, a key focus. This is earlier than the 700 million worth of JUP that will be airdropped soon.
“Jupiter will distribute an airdrop of 700 million tokens. Expect significant changes in the first round draft class.” explain Jussy.Sol, a DeFi and airdrop researcher.
Details of the 2025 airdrop, including date, time, and eligibility criteria, are not yet public. In order to increase future JUP distributions, participants must actively increase buying, selling and trading on the Jupiter platform, as airdrop rewards are often tied to user activity.
Following the success of the first distribution, the second Jupiter airdrop is shaping up to be one of the largest airdrops in cryptocurrency history. However, the price impact on the JUP token is still a topic for discussion.
“Will this affect the token price? No. There is a big difference between airdrops without purpose and airdrops associated with force DAO with 30% Token burning. The team has not created a sales incentive yet, you can stake and earn +20% for 4 months by voting. Therefore, the token price should not be severely affected. When Kamino dropped its second season, the token price even soared. “Jussy.Sol additional.
Second hearing on Do Kwon case
The United States holds a second hearing on the case Terra Founder Do Kwon will be attending on January 8th, which will be one of the top crypto news stories of the week. This development comes just days after Do Kwon Not guilty Relevant to U.S. fraud charges TerraUSD and Luna plunge $40 billion in 2022.
At Wednesday’s hearing, the defense and prosecutors will discuss pretrial motions and evidence. Even if the controversial cryptocurrency executive seeks a plea deal similar to the one he reached with the SEC (Securities and Exchange Commission), the possibility of jail time remains high, BeInCrypto reported.
Despite growing pro-crypto sentiment in the U.S. government, Prosecutors remain outspoken in their desire Sentence Major fraudsters like Sam Bankman Freed. Therefore, high-profile cases like Do Kwon’s are expected to attract attention.
Mainnet launch at dusk
Dusk, a ZK-friendly L1 blockchain, will launch its mainnet on January 7th as part of its Token Generation Event (TGE). With the launch of the mainnet, Dusk will also produce the first immutable blocks, paving the way for blockchain-based financial systems.
“Starting today, we officially enter the mainnet launch phase, starting from the launch of DUSK and ending with the production of the first immutable block on January 7,” Dusk Foundation explain in a December post.
Notably, the Dusk mainnet enables organizations of all sizes to use the blockchain to manage regulated assets. It also enables blockchain-based stock exchanges to issue assets natively on-chain. Additionally, other RWA projects can use DUSK for their own protocols and applications, knowing they are compliant. It also enables developers to create privacy-friendly protocols.
Dusk has gained attention for its $5 million funding program and “proof of simplicity” consensus mechanism, which facilitates the on-chain issuance of regulated assets.
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