Weekly Crypto Digest: Major Unlocks, Exchange Updates, and Regulatory Shifts

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Key Events Overview

Binance removes TORN, ANC trading pairs on December 27
1INCH token faces 15% supply unlock on December 30
iBox International ceases operations December 31
Bybit mandates KYC for NFT transactions starting December 30
IRS delays $600 payment threshold rule to January 1, 2023

December 26

Waves USDN stabilization vote concludes
Neutrino's proposal to restore USDN's peg through Waves ecosystem collateralization (WX, SWOP, VIRES tokens) ends community voting today. The plan aims to inject $15M in ecosystem tokens to support the algorithmic stablecoin.

December 27

Binance delistings take effect
ANC/BNB, ANC/BTC, MIR/BTC, TORN/USDT among 8 spot pairs removed at 11:00 UTC. This follows exchange's routine liquidity reviews and aligns with market conditions.

SafeDAO token claim deadline
Users must claim SAFE airdrops (19% of total supply) by 18:00 UTC. Unclaimed tokens revert to SafeDAO treasury post-deadline.

December 28

Forbes Sandbox metaverse event ends
The interactive experience showcasing Forbes' history and 30 Under 30 Gallery concludes after distributing 50K SAND rewards.

ApeCoin DAO committee election
Final round voting ends today to select 3 new members (@veratheape, @degentraland among nominees) governing ApeCoin ecosystem decisions.

December 30

1INCH token unlock ($100M+ value)
222M tokens (14.81% supply) released to teams, investors, and protocol funds. Price volatility expected near unlock.

Bitfront exchange shutdown
LINE's U.S.-based crypto platform halts deposits/trading today as parent company reallocates blockchain resources.

👉 Track real-time token unlocks

December 31

uHGT migration starts
Hooked Protocol enables BUSD conversions for compromised uHGT tokens at fixed 0.000002 BUSD rate post-security incident.

iBox International winds down
NFT platform completes refunds based on August 31 snapshots before terminating all operations.

January 1, 2023

Texas Bitcoin miner energy program
ERCOT's voluntary load reduction plan for miners goes live, offering grid reliability incentives during peak demand.

IRS $600 payment reporting rule
New 1099-K thresholds for PayPal/Venmo business transactions take effect after 1-year delay. Crypto brokers exempt from additional asset reporting pending further guidance.


FAQ

Q: How might the 1INCH unlock impact prices?
A: Large unlocks often create sell pressure. Monitor exchange inflows and staking activity post-release.

Q: What happens to unclaimed SAFE tokens?
A: They'll be reallocated to SafeDAO treasury for future governance proposals.

Q: Are Binance's delistings permanent?
A: Yes, though assets may trade elsewhere. Always check official announcements.

👉 Exchange updates explained