BlockBeats will summarize key industry news of the week (11.11-11.17) in this article, and recommend in-depth articles to help readers better understand the market and stay informed about industry trends.

Important News Recap

Bitcoin Hits New High This Week, Impacting $100,000; Bitcoin ETF Sees Record Inflows

Bitcoin broke through $90,000 this week, reaching a new all-time high. At the same time, the U.S. Bitcoin spot ETF has seen a cumulative trading volume of over $500 billion since its launch in January of this year. BlackRock's IBIT hit a new daily trading volume record of $5.2 billion on November 13, with its assets under management surpassing $40 billion in just 211 days, breaking the previous record held by the IEMG fund for 1,253 days. Since Trump's election victory, the ETF has attracted $4.7 billion in inflows, with a total net inflow of $28.3 billion. The total assets under management of all Bitcoin ETFs are currently around $88.5 billion, with IBIT having an AUM of $41.1 billion, ranking first. Related Reading: "Bitcoin Breaks Through $90,000, What Is Driving the Rally?"

CZ and Vitalik Ignite the DeSci Track, Eco-Meme Multiplies a Thousandfold in a Week

Over the past week, DeSci has suddenly become a hot topic once again. Since Binance Labs announced an investment in BIO Protocol, tokens in the DeSci field such as VITA, GROW, RSC have all surged, and have maintained strong performance even during the recent market downturn. The previously low-key BIO Genesis event was immediately filled to capacity, and even the pump mini-experiment platform previously launched by the BIO team has "resurrected." Now, it seems that all the crypto hot money is flowing into DeSci. Related Reading: "Bio Experiment Meme Multiplies a Thousandfold in a Week, All Hot Money Is Flowing into DeSci"

"Decoding BIO Protocol: Binance Labs' First Venture into the DeSci Track; Attracts Attention from CZ and Vitalik as the "On-Chain Scientific Version of Y Combinator""

Over $13 Million Stolen in On-Chain Transaction Terminal DEXX Hack; Multiple Meme Coins Experience Rug Pull

On November 16, the user assets of the on-chain transaction terminal DEXX were stolen, and multiple meme coins experienced significant rug pulls in the early morning. SlowMist released a DEXX Incident Report in the afternoon of the same day (as of November 16, 17:00) and had received over 590 reports of funds being stolen from the community. After deduplication, it was confirmed that there were over 500 independent victims, with an estimated total loss of around $13 million (the specific amount may fluctuate with price changes). DEXX founder Roy stated that they will compensate users for their losses, and the team has been in communication with law enforcement in multiple jurisdictions, hoping to engage with the hacker. As of now, several users have reported that their account assets have been isolated to a secure address. Related Reading: "Inside Job or Hacker's Mischief, DEXX Hack Incident Timeline"

Trump Picks Elon Musk to Lead Department of Government Efficiency (a.k.a. "DOGE"), Leading to Surge in Meme Coin of the Same Name

On November 13, newly elected U.S. President Trump announced that Elon Musk would collaborate with American patriot Vivek Ramaswamy to lead the Department of Government Efficiency (referred to as "DOGE"). Musk then unveiled the Department's logo, featuring a Shiba Inu image with the text "Department of Government Efficiency." According to Musk's post, "All of the Department of Government Efficiency's actions will be posted online ... and there will be a leaderboard listing the most outrageously stupid uses of your tax dollars." On November 14, the Department issued its first tweet, calling on interested individuals to submit resumes to apply for relevant positions. The adoption of DOGE as the acronym for the Department of Government Efficiency also triggered a surge in the meme coin market of the same name. On November 12, Dogecoin (DOGE) peaked at $0.43, hitting a nearly 3-year high.

However, Musk's high-profile actions seem to have sparked dissatisfaction among some members of the Trump team. According to a November 14 report by NBC News, as revealed by two sources familiar with the matter, Musk has been frequently present at Trump's Mar-a-Lago estate in Florida since Election Day, spending nearly the entire day with Trump, participating in phone calls and meetings. He has continuously expressed his views on a potential second term for Trump, even crossing some boundaries into Trump's transition team, giving the impression that he is overstaying his welcome. These sources indicate that Musk's frequent presence has begun to irk certain core members of Trump's circle, individuals who had entered Trump's circle earlier than Musk, feeling that he is overstepping in the transition process. Related Reading: Bloomberg: The Superplayer Behind the U.S. Election, 'Oligarch' Musk Ventures into New Business, How Did $50 Billion of Dogecoin Lead Musk into the New U.S. Government Department?

SEC Chair Gary Gensler Hints at Resignation; Powell Refuses to Disclose Reappointment, States Fed Not in Hurry to Cut Rates

On November 15, according to market reports, Gary Gensler, the Chair of the U.S. Securities and Exchange Commission (SEC), released a statement hinting that he may be leaving the SEC. Previously, Trump had indicated his intent to bypass the Senate's confirmation process to appoint his government members, which seems to include replacing SEC Chair Gary Gensler. During his campaign, Trump had promised the cryptocurrency industry that if reelected, he would dismiss SEC Chair Gensler on the "first day." Additionally, the decision on whether Fed Chair Powell will stay or leave has become a topic of widespread attention. During an event in Dallas, when asked if he would consider becoming the first Fed governor in over 70 years to remain as a Fed governor after the end of his chairmanship, Fed Chair Powell simply stated, "I have a term ending, and that's the important thing within my term. That's what I've decided and what I'm considering." Powell's term as a board member is set to expire in January 2028. On November 15, Powell stated that due to the strength of the U.S. economy, the Fed does not need to "rush" to cut rates and will "carefully monitor" to ensure certain inflation indicators remain within an acceptable range.

Binance Lists ACT and PNUT; Musk's Tweet Boosts, Triggering AI Meme and "Animal Rescue" Narrative Trend

During this week on November 11, Binance listed the AI meme coin ACT and the U.S. election concept meme coin PNUT. Both tokens saw significant gains after listing, sparking market FOMO. On November 13, Musk tweeted stating, "America has been saved by a squirrel and a meme coin," following which PNUT saw a violent surge, with prices surpassing $2.5 at one point, a 446% surge in 24 hours, approaching a $25 billion market cap. Related reads: "The New American "Spirit Totem"? A Review of the Political Movement Sparked by the Internet-Famous Peanut Squirrel" and "Community's Victory: After Being Betrayed by Developers, AI MEME Coin ACT Surges Tenfold Before Being Listed on Binance"

Binance to List Usual (USUAL) on Launchpool and Pre-Market

Binance announced that on November 19 at 18:00 UTC+8, it will list the 61st project, Usual (USUAL), on Launchpool and commence pre-market trading. Users can stake BNB and FDUSD to participate in mining, with the mining period from November 15 at 00:00 UTC+8 to November 19, 2024, at 8:59 UTC+8. As this news broke, the price of BNB briefly touched $660, with a>6% surge in 24 hours, before experiencing a slight pullback influenced by the overall market trend. Related read: "Decoding Binance Launchpool's New Listing Usual: Innovation Combining RWA with Stablecoins"

AI Meme Craze Surges, Multiple Meme Projects Moon 10x in Three Days

Since early November, AI Meme tokens such as ai16z and GOAT have emerged, quickly capturing the market's attention. With their market capitalization skyrocketing and continued high popularity, this week saw a further surge in AI Meme activity with Binance listing the AI Meme coin ACT. In less than three days, the market capitalization of ACT has increased by over 30 times, reaching a peak market cap of 8 billion USD. At the same time, the market cap of the AI Meme flagship token GOAT has surpassed the $1 billion mark, becoming the first token on the Pump.fun platform to break this milestone. Tokens like Shoggoth, ai16z, MemesAI, LUM, among others, have all seen nearly tenfold increases in market capitalization within three days. Related Reading: "AI Meme Potential Stocks: Averaging 10x in Three Days"

Polymarket Founder Under Biden Administration Investigation, FBI Raids Residence in Early Morning

On November 14th, the New York Post reported that sources revealed Polymarket founder Shayne Coplan's home in the Soho district of New York was subjected to an FBI raid—a raid that took place around 6:00 a.m. on November 13th, where Coplan was awakened in his home, asked to hand over his phone and electronic devices, but was not arrested. A source stated, "The current administration is likely trying to accuse Polymarket of market manipulation and manipulating polls to support Trump." This FBI raid event has sparked strong reactions in the cryptocurrency community, with supporters launching the "Free Shayne" movement and creating related tokens to show solidarity. This phenomenon is very similar to the recent "Free Jorgie Boy" incident, reflecting the crypto community's sensitive response to regulatory actions. Shayne Coplan stated that Polymarket did not show favoritism in the recent election and that the Biden administration should introspect. Elon Musk expressed his agreement with this stance. Coplan later replied with an "eagle" emoji. The meme community quickly responded to the situation, with the market value of the meme token FREE Shayne Coplan (with the token symbol being just the "eagle") briefly surging to 30 million USD. Related Reading: ""Animal Rescue" Narrative Update: Jorgie Monkey and Eagle Become New Meme Darlings", "FBI Raids at Six in the Morning, Polymarket Founder Suspected of Market Manipulation", "Polymarket Research Report: Exploding to Trigger FBI Investigation; Attracting 500 Million Users Annually, Monthly Trading Volume Surges Over 60x"

Linea Token to be Issued in Q1 2025

On November 13, Linea, an Ethereum zkEVM L2 Rollup developed by Consensys, announced the establishment of the Linea Association to drive Linea governance. The newly formed association will have three main goals: to support Linea technology, develop the Linea market, and further advance Linea's decentralized roadmap. One core feature of the association's operation is token holder governance, meaning the Linea token will be issued in Q1 2025. As per the plan, the Linea Association will be able to provide governance rights to token holders, allowing them to participate in certain association activities. The association will be responsible for managing core Linea intellectual property and treasury to support its mission.

Sh*tcoin Projects collectively “Compromise” to Become “Meme Coins”

On November 15, several sh*tcoin projects' official accounts, including Litecoin, yearn.fi, Manta, TRON DAO, and Renzo, posted on social media jokingly stating, "Given the current market situation, I think we are actually a meme coin project." BlockBeats Note: With the fall in Bitcoin prices, sh*tcoins once again suffered widespread losses, and currently, only meme coins are participating in the "bull market frenzy" alongside Bitcoin. At the time of writing, approximately 90% of the top 20 gainers on the CoinGecko crypto market are meme coins. The ETH/BTC exchange rate fell to 0.03457, hitting a new low in this round of the bull market. The Bitcoin dominance rate (BTC.D) reached 61.35% yesterday, hitting a new high in this round of the bull market.

MicroStrategy Acquires 27,200 BTC Worth Around $20.3 Billion

MicroStrategy's founder Michael Saylor posted on social media that MicroStrategy has acquired around 27,200 bitcoins at an average price of about $74,463, with a total value of around $20.3 billion. As of November 10, 2024, MicroStrategy holds 279,420 bitcoins, with a total acquisition cost of around $11.9 billion and an average purchase price of around $42,692.

Ethereum Foundation Releases 2024 Year in Review Report; Core Developers Propose New Beam Chain

On November 12, at the main venue of the Devcon event in Bangkok, Ethereum core developer Justin Drake unveiled the most ambitious consensus layer upgrade proposal for Ethereum in recent years - the Beam Chain, introducing a series of ZK technologies to replace the "outdated" Ethereum Beacon Chain. During the event, Justin stated that the development of the new consensus layer may continue until 2030. In addition, the Ethereum Foundation has released the 2024 year in review report, indicating that the foundation's work is likely to conclude this year. The report mainly covers three aspects: applications, infrastructure, and community. Related Readings: "Ethereum's Proposed New Beam Chain - Can It Change ETH's Future?" and "Ethereum Foundation: What Happened with Ethereum in 2024?"

Uniswap Launches L2 Unichain

On November 12, Uniswap announced the upcoming launch of a new scaling solution called Unichain, with early developer support already live on the Unichain mainnet. The specification for the bridge is yet to be finalized, with developer access RPC briefly opened today and later disabled, leaving some users temporarily unable to withdraw funds as they had already bridged assets into Unichain via related contracts. Official details on public RPC will be released once ready, and bridge users can still withdraw back to the Ethereum mainnet. On the same day, Circle announced that its US dollar stablecoin USDC will support Uniswap Labs' new L2 Unichain designed specifically for DeFi. Related Read: "Unichain Launches in a Hurry, Which Projects Can Move Quickly?"

Former NFT Leader OpenSea May Issue Token

On November 4, OpenSea's official Twitter account announced the launch of a "brand new OpenSea" in December and opened a site for registering test addresses, with over 700,000 addresses currently on the waitlist. This hints at a potential token issuance by OpenSea. Related Read: "Is the NFT Leader Platform, with a Valuation Evaporating Billions, Finally Issuing a Token?"

Top Articles of the Week

《Making Millions in 2 Seconds, Millisecond Information Asymmetry: Investigating the Wealth Leap of the Post-00s Billionaire》

"Now I'm saying this, I can be fact-checked on Zhihu, the richest and most cash-flow-rich post-00s individual, is there anyone who disagrees?" This was Vida's somewhat provocative self-introduction, claiming to be the current richest post-00s individual on Zhihu, with at least $7 million in spare cash (approximately RMB 51 million), making such rapid profits due to fast trading speeds that he has been investigated by Binance's risk control department five times. Upon seeing this, many might think it's another attempt by a Zhihu show-off to attract attention. But what if all of this is true? On November 11, ACT experienced a rapid surge, and the time he bought ACT was a full 7 seconds earlier than the announcement of ACT's listing on Binance Chinese.

《Is Peanut the New 'Spiritual Totem' of the U.S.? A Review of the American Political Movement Triggered by Internet-Famous Squirrel Peanut》

MEME coin Pnut has become the speculative target of Degens, with its market cap surpassing the $1 billion mark in just a few days. This craze is related to the news of the internet-famous squirrel Peanut being "arrested" and euthanized, with public sympathy for Peanut's unfortunate fate spreading across the internet, especially boosted by public figures like Musk. This event has evolved into an American political movement, arousing strong indignation and widespread condemnation across the internet.

《Community's Victory: Betrayed by Developers, AI MEME Coin ACT to Be Listed on Binance Surged Over Tenfold》

The MEME coin Act I: The AI Prophecy (ACT), after experiencing multiple betrayals from the Devs, had once fallen into a slump but has now dramatically seen a plot twist. On November 11, Binance announced the listing of ACT and added a seed label to it. This news ignited market sentiment, leading to a short-lived surge of over tenfold, making it one of the dark horses among the few low-cap MEME coins listed on Binance this year.

《Review of AI Meme Potential Stocks, Averaging a 10x Increase in Three Days》

Since Binance announced the listing of AI Meme coin ACT, the AI Meme market has instantly heated up. In less than three days, ACT's market cap has grown by over 30 times, soaring to a peak market cap of $800 million. Given the market's attention to low-cap AI Meme coins, this week's review has inventoried some potential AI Meme coins, and this article reviews the performance of these AI Meme coins.

《If You Could Only Hold One Meme, Which One Would You Hold in This Meme Supercycle Bull Market?》

The top-tier CEX Binance has also recently listed a number of Meme coins. Meme culture is still in a stage of continuous development, from early Meme coins like Doge and Pepe, these already very niche internet animal meme images and their "related products" like Bome, to the recent hot new concept "AI Meme" coins like GOAT and ACT, as well as some new animal meme images, Neiro and Mew. This article extensively compares the rebound situation of these Meme coins since Trump took office and their current market value.

《Market Four Stages, Which Stage Are We in Now?》

The crypto market goes through four stages: rebirth, excitement, euphoria, and rupture. The 1st stage is bear market fatigue, where the market rebounds but most people are unaware; the 2nd stage sees the market gradually warming up, but generally, people do not yet believe the bull market is coming; the 3rd stage sees price increases and high market sentiment, but speculators have not yet flooded in; the 4th stage is market frenzy, with speculators and large companies entering one after another, and a bubble beginning to form. It is advised to focus on your own strategy, avoid blindly following the trend, enjoy this brief period of prosperity, and prepare for future changes. With support already confirmed, what price can Bitcoin reach in this bull market?

《Bull Market Starts, How High Can This Round of BTC Go?》

On November 6th, Bitcoin broke out of a six-month consolidation range, surpassing $73,000, with the underlying reasons closely tied to Trump's election victory and the start of a rate cut cycle. From a policy perspective to liquidity infusion, we are currently in the "early bull" period. Given that Bitcoin's previous high becomes the bottom of the new round, we can boldly assume $73,000 as the support price for this bull market.

《Instantly Buying ACT After Listing to Make Tens of Millions in Profits, How Is "News Trading" Achieved?》

On November 11th, within seconds of Binance announcing the listing of ACT, he spent 1,558 SOL (about $320,000) to purchase 10.9 million ACT tokens, making a profit of over 20 million RMB in 10 minutes! Users questioned this as "front-running" because he bought the token 7 seconds faster than the Chinese listing announcement. The "Formula News" team explained that the Binance English announcement was ahead of the Chinese announcement, and they monitored the English announcement, executing the trade 2.4 seconds after the announcement was made. Thus, "news trading" has once again come into the spotlight, where through scripting, renting servers, writing automated trading programs, and then monitoring events like Binance listings, Upbit listings, and other deterministic positive news events, significant profits can often be made by being "one step ahead."

“How did a 50 Billion Dogecoin Lead Musk into a U.S. Government Department?”

On November 13, at 9:30 a.m., Trump issued a statement announcing the appointment of Elon Musk to lead the Department of Government Efficiency (DOGE) to eliminate government bureaucracy, reduce overregulation, cut wasteful spending, and reorganize federal agencies. Musk then released the logo of the Department of Government Efficiency, stating, “Make the government more fun.” Since then, a brand-new government department named after a memecoin has appeared on the American political stage. So where did the “DOGE” department come from?

“The ‘Meme King’ Across Cycles: How was DOGE Created?”

After the “Trump effect” swept the cryptocurrency market, driving BTC prices close to $90,000, the “Musk effect” also surged. And as the former “DOGE Father,” the most driven force was, of course, the “First Meme Coin”—DOGE. According to Coingecko data, DOGE's market value surged in just two days, currently ranking sixth in cryptocurrency market capitalization with over $63 billion. This article provides a brief analysis of DOGE's recent trends and the future development direction of Memecoin coins.

“Ethereum’s Proposed New Beam Chain—Can It Change ETH's Landscape?”

At the main venue of the Bangkok Devcon event, Ethereum core developer Justin Drake unveiled Ethereum's “most ambitious” consensus layer proposal of recent years—the Beam Chain, introducing a series of ZK technologies to replace the “outdated” Ethereum Beacon Chain. During the event, Justin stated that the development of the new consensus layer may continue until 2030. However, the market does not seem convinced, as Ethereum's price sharply declined during the conference. Everyone seems to be wondering: Does the foundation have another excuse to sell coins?

“Bloomberg: The Super Player Behind the U.S. Election, ‘Oligarch’ Musk Has a New Business Venture”

Musk is clearly not a weakling. His alliance with Trump is a typical strongman story. One of the protagonists is a provocative, domineering billionaire, and the other is an equally domineering billionaire who happens to be the richest person in the world. This is also a story about money. We do not know the full amount of Musk's financial contribution to Trump's election, but it is at least over $132 million. How much return can these contributions bring in the next four years? In the first three days after the election, Tesla's market value rose by 25%, increasing Musk's personal net worth by $50 billion, surpassing $300 billion.

“Ethereum Foundation: What Happened to Ethereum in 2024?”

What happened to Ethereum in 2024? We can divide it into 3 main themes: Applications: The product and service ecosystem built on Ethereum. Infrastructure: The technology that makes all this possible. Community: You, me, and everyone using or contributing to Ethereum.

“33 Years of Crypto War: From Biden's Start to Biden's End”

Autumn 2024, Washington D.C. The golden maple leaves are slowly falling from the White House's sycamore trees. President Biden stands at the window of the Oval Office, looking at the city he is about to bid farewell to. Thirty-three years ago, as a senator, Biden introduced the famous S.266 bill. Back then, he could never have imagined that this seemingly ordinary bill would become the catalyst for a "crypto war" that lasted over thirty years.

“‘Animal Rescue’ Narrative Update: Jorgie the Monkey and Eagle Become Meme New Darlings”

On November 14, the “Animal Rescue” narrative gradually gave rise to new meme coins, attempting to create new waves using different specific hot events after the PNUT Squirrel Battle. The most notable ones are Jorgie (the monkey taken away by the police) and Free Shayne Coplan Eagle (petition after Polymarket's founder was arrested).

《Polymarket Founder Raided by FBI at 6 AM, Suspected of Market Manipulation》

On November 14, a source revealed that Polymarket founder Shayne Coplan was subjected to a raid by the Federal Bureau of Investigation (FBI) at his home in SoHo, New York. Around 6:00 AM local time, Coplan was awakened in his home, and FBI agents requested his phone and electronic devices, but Coplan was not arrested. The reason for this raid is that the U.S. Department of Justice (DOJ) is investigating Polymarket, alleging that the platform violated a 2022 agreement with the Commodity Futures Trading Commission (CFTC) to "block U.S. user access" and continued to accept trades from U.S. users.

《Polymarket Research Report: From Frenzy to FBI Investigation; Attracted 500 Million Users Annually, Monthly Trading Volume Grew Over 60x》

Polymarket's prediction platform has seen a surge in popularity. Why does the world need Polymarket? Will Polymarket's popularity continue after the U.S. election? Is Polymarket the next killer app for cryptocurrency? Will there be a Polymarket token? This article takes readers on a journey to understand this prediction platform that rose to fame due to the U.S. election and whether it can become a killer app for cryptocurrency.

《New Vitalik Article: More Than Just a Prediction Market, Polymarket May Reshape Information Finance》

For many, a prediction market is simply betting on elections, and betting on elections is gambling—if it can add enjoyment. However, fundamentally, it is no more interesting than buying random tokens on pump.fun. Therefore, in this article, I aim to explain why this concept excites me. In summary, I believe that (i) even though existing prediction markets are a very useful tool for the world, (ii) prediction markets are just one example of a larger, very powerful category that has the potential to create better outcomes for social media, science, news, governance, and other fields. I will refer to this category as "info finance."

《Unichain Rushed to Launch, Which Projects Have Made a Breakthrough?》

On November 12, the community suddenly discovered that Unichain, an L2 focused on DeFi, had gone live, causing UNI to soar. The world's largest DEX, Uniswap, launched a new chain, and everyone is determined to participate whether through yield farming or other activities. However, upon practical testing, it was found that the infrastructure is not yet fully developed. For example, the gas fee for a cross-chain transfer is approximately 0.04 ETH, $130, and the gas fee for on-chain swaps is also relatively high. Subsequently, developers explained in the community that Unichain has not officially launched yet. However, in reality, everyone can already see some progress in the ecosystem.

《Vitalik, 42 Days in Chiang Mai》

Chiang Mai, an internationalized big village, recently became the home for Vitalik for about 42 days. For someone who flies an average of 55 times a year and almost moves houses every week, staying in one city for such a long time is rare. Vitalik said that this place is Zuzalu 2.0, where the density and breadth of Web3 talent have significantly increased, making it a temporary "playground" for Vitalik's ideas. Almost every day, Vitalik visits two to three "Web3 villages" to interact with the villagers.

《Why DeFi and AI Are Leading This Bull Market》

This article reveals the dawn of a new financial era: the integration of cryptocurrency, DeFi, AI, and social media is sweeping through traditional finance, driving a massive transformation. With the securitization of assets, wealth transfer, and the rise of a new generation of investors, the global financial order is gradually being disrupted. While the road to reform is full of challenges, the opportunities are unprecedented. Those who dare to explore will stand at the forefront of this wealth explosion, leading the way to the future.

《Quick Look at Binance AI Agent Report: Showing Great Potential, Yet Often Playful》

Around AI agents, from simple bots to complex intelligent entities, everyone is pondering what other sparks AI and Crypto will create. The AI Agents Report elaborates on recent AI Agent-related highlights, such as issuing coins from Truth Terminal, Virtuals' IAO platform, and the new model from daos.fun, and provides insights into future trends. Is this just the beginning of something great, or will it be short-lived? How far can AI agents go?

《Decoding Binance Launchpool's Newly Launched Project Usual: Innovation Combining RWA and Stablecoin》

On November 14, Binance launched the 61st project, Usual (USUAL), on Launchpool at 18:00 on November 19 Beijing time and started pre-market trading. Upon this news, the BNB price briefly touched $660 and is currently at $648, with a 24-hour increase of over 6%. This article takes you through Binance Launchpool's latest project Usual and its tokenomics.

《Is the Billion-Dollar NFT Leader Finally Issuing Tokens?》

Ever since the information about Magic Eden's token issuance was confirmed, NFT players have been eagerly anticipating the $ME airdrop. As Bitcoin's price continues to reach new highs at the year-end, NFT players not only look forward to the arrival of $ME but also seem to have been waiting too long for good news from the former king, OpenSea—OpenSea may be about to issue tokens.

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