Gate News bot message, according to the Gate announcement on October 30, 2025 Gate will delist 9 perpetual contract trading markets on October 30, 2025, at 16:00 ( UTC+8, including RHEA/USDT, SCA/USDT, REX/USDT, MAJOR/USDT, SWEAT/USDT, GORK/USDT, ELX/USDT, K/USDT, and SYN/USDT. The contract markets will enter a reduction-only mode on the same day at 15:30 ) UTC+8 and will completely stop trading at 16:00 ( UTC+8. The platform will settle and clear open positions based on the average index price in the last half hour before going offline.

Odaily News According to the official announcement, SCA (Scallop) has been launched on Kraken. It is reported that Scallop is one of the first DeFi protocols to receive an official grant from the Sui Foundation. The project has received 6MV, CMS Holdings, Sui Foundation, and UOB Venture.

Odaily News Scallop announced on the X platform that the total Lock-up Position of its Token SCA has surpassed 50 million pieces, accounting for 20% of its total supply and 40% of the circulating supply. During the significant market fall, users continued to Lock-up Position SCA, with an average lock-up period of 3.71 years. It is reported that by Lock-up Position SCA, users can receive 4 times the borrowing rewards to encourage long-term users to utilize Scallop's borrowing features more flexibly.

Gate News bot message, SCA has been launched on Alpha

On July 6, the three major regulatory authorities in the UAE—Identification, Citizenship, Customs and Port Security Authority (ICP), Securities and Commodities Authority (SCA), and the Virtual Assets Regulatory Authority (VARA)—issued a joint statement, firmly denying reports that staking Toncoin (TON) would qualify for the country's Golden Visa. Following the clear denial from the UAE regulatory authorities, investor confidence rapidly collapsed, leading to a sharp fall of 10% in the price of Toncoin, completely erasing the gains made earlier due to the Golden Visa news.

PANews April 30 news, according to the official announcement from Scallop, in celebration of the platform's cumulative revenue exceeding $5 million, it will distribute $200,000 worth of sSCA to veSCA (Lock-up Position SCA) holders as a reward. The snapshot time is set for 8 AM on May 2, 2025 (GMT+8), with rewards distributed at noon the same day. Holders of at least 2500 veSCA can claim the rewards, and users can choose to either receive the rewards directly or claim and re-lock them. Those who choose to lock-up will receive additional rewards next week. Furthermore, the price of $SCA has risen by 112% in the past 30 days.

PANews reported on March 17 that according to CoinMarketCap market data, the Scallop token SCA briefly broke through $0.09, rose 32.76% in 24 hours, and is now quoted at $0.0889.

ChainCatcher message, according to official data, SUI lending protocol Scallop's total revenue has exceeded 4 million US dollars. In addition, 21 million SCA (8% of the total supply) has a lock-up period of approximately 3.6 years.