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- 02:46OpenSea: Wave 1 rewards worth $12.2 million to be distributed soonJinse Finance reported that OpenSea announced on the X platform that since the launch of the final reward event before TGE, the platform's cumulative trading volume has exceeded $2 billion. Therefore, the Wave1 phase rewards currently include NFTs and tokens worth $12.2 million, and the rewards will be distributed soon. In addition, the Wave2 phase started on October 15. Until November 15, 50% of the platform fees will continue to be used to fund the new reward pool, and an initial prize pool of $1 million worth of OP, SOMI, and ETH tokens has been launched.
- 02:46MetaDAO community proposes to sell up to 2 million META at market price or at a premiumOn October 16, news broke that the Solana ecosystem governance project MetaDAO community has released a proposal to "sell up to 2 million META at market price or at a premium." The proposal states that Proph3t, on behalf of MetaDAO, will sell up to 2 million META at market price or at a premium, and these tokens will be newly minted. There will be a 30-day period to complete the sale, and the USDC proceeds will be deposited into the MetaDAO treasury. Any unsold META will be burned. All transactions will be publicly disclosed within 24 hours, including counterparties, transaction size, and transaction price.
- 02:46Crypto mining company Cathedra Bitcoin announces completion of share consolidationOn October 16, it was reported that bitcoin mining company Cathedra Bitcoin Inc. (TSXV:CBIT) (OTCQB:CBTTF) announced the completion of its previously announced 30:1 share consolidation. The record date for the share consolidation was October 14, and it officially took effect on October 15. No fractional shares were issued during the consolidation process; any fractional shares resulting from the consolidation were rounded down to the nearest whole share. This share consolidation applies uniformly to all shareholders and does not alter any shareholder's proportional ownership in the company, except for the loss of fractional shares due to rounding.