News Preview of this week | The White House holds the first cryptocurrency summit, and Pectra network upgrades are launched in Sepolia

Compiled by: Jerry, ChainCatcher

Key News:

• The U.S. tariffs on Mexico and Canada were implemented on March 4;
• Bithumb will terminate 300 Feet Network (FIT) withdrawals on March 4
• Solayer plans to open LAYER token airdrop application until March 4
• Binance will launch six USDC perpetual contracts including KAITO and IP from March 5 to 7, supporting up to 25 times leverage
• Ethereum Foundation: Pectra network upgrade is scheduled to be launched in Sepolia on March 5;
• The White House will host its first cryptocurrency summit on March 7;
• Mint plans to open airdrop application on March 7
• Japan SBI Group will complete the integration of DMM Bitcoin customer accounts and assets by March 8

Tuesday, March 4

U.S. tariffs on Mexico and Canada were implemented on March 4

U.S. President Trump said tariffs on Mexico and Canada were implemented on March 4.

Bithumb will terminate 300 Feet Network (FIT) withdrawals on March 4

According to the official announcement, Bithumb announced that it will take down the 300 Feet Network (FIT) as part of its trading support policy to protect investors, and is expected to terminate trading support on January 30 next year and withdrawals on March 4 next year.

Solayer plans to open LAYER token airdrop application until March 4

According to official news, Solayer Foundation announced that the application for LAYER airdrop has been opened at 20:00 on February 11 and will last for 30 days until 20:00 on March 4, 2025.

Receiving window For early and eligible community members, Genesis Drop’s LAYER tokens are unlocked immediately when they go online, and subsequent LAYER tokens will be available in cycles within the next 6 months.

Users who have not initiated a collection during this period will lose their tokens and uncollected LAYERs will be redistributed for future airdrops. At the same time, the official said it will launch the hardware-accelerated SVM blockchain InfiniSVM, which will be launched later this year, and will be launched on the test network and mainnet, as well as more community incentive plans.

Wednesday, March 5

Binance will launch six USDC perpetual contracts including KAITO and IP from March 5 to 7, supporting up to 25 times leverage

The Binance Contract Platform will launch a perpetual contract at the following time:

• March 5, 2025 18:00 (East Eighth District Time): KAITOUSDC perpetual contract, maximum leverage can reach 25 times
• March 5, 2025 18:15 (East Eighth District Time): IPUSDC perpetual contract, maximum leverage can reach 25 times
• March 6, 2025 18:00 (East Eighth District Time): TRUMPUSDC perpetual contract, maximum leverage can reach 25 times
• March 6, 2025 18:15 (East Eighth District Time): ADAUSDC perpetual contract, maximum leverage can reach 25 times
• March 7, 2025 18:00 (East Eighth District Time): PNUTUSDC perpetual contract, maximum leverage can reach 25 times
• March 7, 2025 at 18:15 (East Eighth District Time): HBARUSDC perpetual contract, maximum leverage can reach 25 times

Ethereum Foundation: Pectra network upgrade is scheduled to go live in Sepolia on March 5

Christine Kim, vice president of research at Galaxy, summarized the 205th Ethereum Core Developer Execution (ACDE) conference call. This week, developers expect that if the public testnet upgrade goes smoothly, Pectra will be launched on the Ethereum main network around April 8; developers confirmed the timetable for the Ethereum public testnet upgrade, and the team will release the software to activate the Pectra upgrade on February 24 and March 5 respectively as planned. The developers then discussed Beiko's proposal to lock the scope of the next Ethereum upgrade to Fusaka before Pectra goes online.

March 7 (Friday)

[**The White House will hold its first cryptocurrency summit on March

7**](https://www.chaincatcher.com/article/2170193)

According to DEGEN NEWS, the White House will hold its first cryptocurrency summit on March 7.

Mint plans to open airdrop application on March 7

Ethereum L2 network Mint Blockchain has opened airdrop query and application will be opened at 14:00 Beijing time on March 7.

There are 391,185 qualified addresses for this time, and the deadline for airdrop collection is August 1, 2025.

March 8 (Saturday)

[**Japan SBI Group will complete the integration of DMM Bitcoin customer

accounts and assets by March 8**](https://www.chaincatcher.com/article/2159190)

SBI VC Trade, a crypto exchange owned by SBI Holdings, announced that it has signed an agreement with DMM Bitcoin for transfer of customer accounts and custodial assets. The transfer is scheduled to take place on March 8, 2025, when all DMM Bitcoin’s customers will be integrated into SBI VC Trade.

During the transfer process, customers do not need to complete new account opening procedures, and SBI VC Trade will handle it uniformly. The transfer targets are the yen and spot crypto assets of all customers who have opened an account on DMM Bitcoin as of March 4.