Key Highlights
- Usual Protocol plans to activate its "Revenue Switch" feature on January 13 to stabilize its ecosystem following USD0++ depegging.
- Cheelee (CHEEL) will unlock ~20.81M tokens (~$169M) on January 13 at 8:00 AM UTC.
- Shiba Inu ecosystem token TREAT launches January 14.
- Degen announces liquidity mining airdrop for January 15.
- Ondo (ONDO) unlocks ~1.94B tokens (~$24.1B, 134.21% of circulating supply) on January 18 at 8:00 AM UTC.
January 13 Updates
Exchange News
Coinbase to Discontinue Celo (CGLD) Support
Clients must withdraw CGLD by January 13 ahead of Celo’s L1→L2 migration. Post-migration, L1 assets will be inaccessible.
👉 Read Coinbase’s official announcement
Project Developments
Usual Protocol’s Revenue Switch Activation
Following USD0++ depegging, Usual Protocol will activate its Revenue Switch on January 13, distributing 100% of protocol earnings (up to $5M/month) to USUALx stakers. A 1:1 early unstaking option (with penalty) launches next week.
Token Unlocks
| Token | Amount Unlocked | Value | % Circulating Supply |
|---|---|---|---|
| CHEEL | 20.81M | $169M | N/A |
| ZKJ | 17.22M | $33.2M | 28.52% |
| CYBER | 886K | $2.7M | 3.81% |
January 14 Updates
Policy & Regulation
OpenAI Profitability Hearing
Encode’s amicus brief urges courts to block OpenAI’s shift to for-profit, citing existential AI risks. Hearing scheduled for January 14.
Project Launches
- TREAT Token: Shiba Inu’s privacy-focused Layer3 governance token goes live.
- Renzo’s bzSOL: SOL/BNSOL staking for bzSOL begins January 14 at 9:00 PM UTC.
Token Unlocks
- BICO: 7.5M ($2.1M, 0.82% circulating supply).
January 15 Updates
Legal Developments
SEC vs. Ripple Brief Deadline
Court orders SEC to submit litigation briefs by January 15.
Project Highlights
- Ethena’s DRV: 5% of supply allocated to sENA stakers.
- Degen Airdrop: Snapshot concludes January 14; distribution January 15.
Token Unlocks
| Token | Amount Unlocked | Value | % Circulating Supply |
|---|---|---|---|
| CONX | 4.33M | $85.8M | 376.3% |
| STRK | 64M | $27.6M | 2.65% |
Upcoming Unlocks (January 16–19)
Major Events
- January 16: Arbitrum (ARB) unlocks 92.65M tokens ($67.8M).
- January 17: Trump/Vance inauguration ball hosted by crypto industry.
- January 18: Ondo’s historic $24.1B token unlock.
FAQs
Q: Why is Usual Protocol’s Revenue Switch significant?
A: It redirects 100% of protocol earnings to stakers, offering ~50% APY to stabilize USD0++.
Q: How does TREAT differ from SHIB?
A: TREAT governs Shiba Inu’s new privacy-focused Layer3 blockchain, enhancing ecosystem utility.
Q: What’s the impact of Ondo’s massive unlock?
A: The 134.21% supply influx may increase sell pressure; long-term effects depend on staking demand.