Weekly Preview | Arkham Exchange provides spot trading to 17 states in the United States; VitaDAO plans to launch new tokens in Pump Science
Reprinted from panewslab
02/23/2025·2MIn the next week, February 24, 2025-March 2, 2025, there are also these blockchain news worthy of your attention.
News trailer:
- Ethereum plans to activate Pectra upgrade on Holesky testnet on February 24
- $FX will be renamed to $PUNDIAI on February 25, implementing 100:1 supply cuts;
- VitaDAO: plans to launch new tokens at Pump Science on February 25
- The U.S. Senate Bank Digital Assets Subcommittee will hold its first hearing on February 26 local time to discuss the theme of "Exploring the bipartisan legislative framework for digital assets";
- Optimism (OP) will unlock approximately 31.34 million tokens at 8 am on February 28, Beijing time, with a ratio of 1.93% to the current circulation, worth approximately US$36.7 million.
- Arkham Exchange will provide spot transactions to users in 17 U.S. states starting March 1;
- Sui (SUI) will unlock approximately 22.97 million tokens at 8 a.m. Beijing time on March 1, Beijing time, with a ratio of 0.74% to the current circulation, worth approximately US$77.6 million;
- Kanye said that the current market is full of counterfeit coins and will launch its own coins next week
February 24
Exchange:
Binance will remove AMB, CLV, STMX and VITE on February 24
Binance announced that it will remove the shelves from 11:00 on February 24, 2025 (Beijing time) and stop trading the following spot trading pairs: AMB/USDT, CLV/BTC, CLV/USDT, STMX/TRY, STMX/USDT and VITE /USDT. All outstanding pending orders will be automatically revoked after the transaction is stopped. Starting from 11:00 on February 25, 2025 (Beijing time), the recharge of relevant tokens will no longer be recorded in the user account, and the withdrawal service will continue until 11:00 on April 24, 2025 (Beijing time).
Bithumb: Service is scheduled to be suspended for about 6 hours due to internal system upgrades
Bithumb announced that it will conduct internal system upgrades from 1:00 to 7:00 (6 hours in total) on Monday, February 24, 2025, and all Bithumb services (Bithumb APP/Mobile Web Page/PC/API) will be suspended at that time, and service maintenance will be maintained. Time may end early or be delayed. To protect customers holding pending orders, pending orders may be cancelled, so please cancel the buy/sell pending orders before the service checks as much as possible.
CME plans to launch cash settlement options for Bitcoin Friday futures on February 24
The Chicago Mercantile Exchange Group (CME) announced plans to launch cash settlement options linked to its Bitcoin Friday futures on February 24, and the specific implementation is subject to regulatory approval. Giovanni Vicioso, head of global cryptocurrency products at CME, said the smaller scale of these new option contracts and the design of daily expiration provide market participants with more capital-efficient tools to facilitate adjustment of Bitcoin exposure. Since its launch in September last year, Bitcoin Friday futures have contract sizes of only 1/50 of 1 Bitcoin, which is smaller than Coinbase’s “nano” Bitcoin futures (1/100 of 1 Bitcoin). As of now, the product has sold more than 775,000 contracts, with an average daily transaction volume of about 9,700.
Project News:
Christine Kim, vice president of research at Galaxy, summarized the 203rd Ethereum Core Developer Execution (ACDE) conference call, and the developers confirmed the timetable for the upgrade of the Ethereum public test network, which is scheduled to be held on February 24 and March 5 respectively at Holesky. and Sepolia testnet activate Pectra upgrade. If the public test network upgrade goes smoothly, Pectra is expected to be launched on the Ethereum main network around April 8. In addition, the developers discussed Beiko's proposal to lock the Fusaka upgrade scope, planning to freeze Fusaka's scope before the Pectra upgrade goes live. Beiko also recommends extending the time for developers to submit EIP proposals to ensure that opinions from all parties are fully discussed and integrated.
February 25
Project News:
CoinList to be launched on Obol token sale on February 25
CoinList issued an announcement stating that it will start Obol token sales at 1:00 on February 25 (Beijing time), which is a 30% discount compared to the previous round of VC investment. Obol is the foundation of L1 blockchain and decentralized infrastructure networks. Sales details are as follows: For ordinary users: FDV is USD 125 million; token price is USD 0.25; 33% unlocked after 6 months, followed by linear unlocking for the next 12 months. For wstETH or weETH holders: FDV is USD 115 million; token price is USD 0.23; 33% unlocked 6 months after TGE, followed by linear unlocking for 12 months; users need to be 1:00 to 3 on March 4 Hold wstETH or weETH worth at least $20 on CoinList during 1:00 on the 11th of the month to enjoy lower prices and FDV.
Both options purchase limits are at a minimum of $100 and up to $250,000. After the subscription period ends, users who are not selected to receive the allocation will receive funds in their CoinList wallet by 1:00 on March 13. The sale does not apply to the United States, China, Canada and certain other jurisdictions.
$FX will be renamed to $PUNDIAI on February 25, implementing 100:1 supply cuts
$FX was officially renamed $PUNDIAI at 10:00 am on February 25, 2025 (GMT+8). This upgrade will be automatically or manually based on the blockchain where the token is located. $FX on Pundi AIFX Omnilayer (formerly f(x)Core) will be automatically upgraded, including staking and non-staking tokens. $FX located on the Base chain and Ethereum network needs to be upgraded manually. The upgrade page will be provided later. Users can bridge $FX back to Pundi AIFX Omnilayer for automatic upgrade. The centralized exchange participating in this upgrade will provide automatic upgrades. Please pay attention to the exchange for specific time.
BNB Smart Chain (BSC) will perform a Pascal hard fork. The fork is scheduled to be conducted on the Test Network on February 25, 2025, and the mainnet is scheduled to be conducted in mid-March 2025. Pascal hard fork enhances BSC compatibility with Ethereum by integrating key features of Ethereum Pectra upgrades.
VitaDAO: plans to launch new tokens at Pump Science on February 25
VitaDAO, a long-term research autonomous organization, issued a statement on the X platform, saying that it plans to launch new compound experimental tokens on the Pump Science platform on February 25, and supplement pre-order and market release on March 25.
Token unlock:
AltLayer (ALT) will unlock approximately 240 million tokens at 6 pm Beijing time on February 25, with a ratio of 9.41% to the current circulation, worth approximately US$11.6 million.
February 26
Policy Supervision:
The U.S. Senate Bank Digital Assets Subcommittee announced that it will hold its first hearing next Wednesday (February 26) local time to discuss the theme of "Exploring the bipartisan legislative framework for digital assets."
February 27
Exchange:
Upbit: NFT service is scheduled to be suspended for 2 hours on February 27
South Korean cryptocurrency exchange Upbit announced that due to the planning of database maintenance tasks, NFT services are scheduled to be suspended for 2 hours from 06:00 to 08:00 on February 27, during which time, the deposit of Ethereum and Polygon-based NFTs in Upbit's NFT services will be held. And the extraction will not be carried out, and this inspection may be postponed or cancelled according to market conditions.
Kraken will completely close the NFT market on February 27, turning its focus to other projects
crypto exchange Kraken said in a statement that the company will close its NFT market to free up resources for upcoming projects. After November 27, 2024, users will no longer be able to list, bid for or sell items on Kraken's NFT market; they can only withdraw assets. The market will be completely closed on February 27, 2025. A representative from Kraken said: "We have decided to close our NFT market in order to transfer more resources to new products and services, including unannounced plans under development. Customers have been informed of these changes and our team will support it." They transfer their NFTs to their Kraken wallet or their self-hosted wallet of choice.”
ZK Nation announced on X platform that since the quorum of votes has been reached, the voting period for ZIP-6 is expected to end at 18:15 UTC time on February 27. It is reported that the proposal will upgrade the governance contract and redeploy all governance contracts, including contracts related to the ZKSYNC protocol upgrade mechanism, namely the protocol UpgradeHandler, which is responsible for executing the protocol upgrade of Ethereum approved by Token Assembly.
February 28
Policy Supervision:
The Central Bank of Brazil (BCB) has released a regulatory proposal that prohibits centralized exchanges from allowing users to withdraw stablecoins into self-protection wallets. According to the public consultation notice, the transfer of stablecoins (called “tokens denominated in foreign currencies”) between residents will be restricted in situations where Brazilian law already allows payments in foreign currencies. The move is part of the crypto-regulatory bill approved by Brazil in December 2022, which sets the BCB to formulate rules for the country's crypto industry. Public consultation will continue until February 28, 2025, and market participants can share their opinions with regulators. However, BCB can overturn opinions and act as stated in the document.
Project News:
Teleport, a Solana chain decentralized taxi-hailing application, announced on X platform: "The platform is about to close, which is not the result of hope, but thanks to this community and everyone who believes in the vision and is full of enthusiasm. Unfortunately, I have not found to make this business normal. How to run. A more detailed analysis will be released in the future explaining the reasons for this decision, but is currently focusing on orderly closures. The Teleport application will support transferring any remaining USDC balances and exporting user private keys until February 2025 28th. ”
Metaplanet will be included in the MSCI Japan Index on February 28
Simon Gerovich, CEO of Japanese listed company Metaplanet, said that Metaplanet will be officially included in the MSCI Japan Index after the transaction ends on February 28, 2025. The MSCI Japan Index is compiled by Morgan Stanley Capital International (MSCI), covering large and medium-sized Japanese companies, and is an important reference indicator for global institutional investors.
Token unlock:
Optimism (OP) will unlock approximately 31.34 million tokens at 8 am on February 28, Beijing time, with a ratio of 1.93% to the current circulation, worth approximately US$36.7 million.
March 1
Exchange:
Arkham Exchange will offer spot transactions to users in 17 U.S. states starting March 1
Arkham Intelligence announced that its exchange Arkham Exchange will provide spot cryptocurrency trading to users in 17 U.S. states starting March 1. Arkham announced the move last November after the company launched a USDT-based perpetual contract exchange. Spot transactions will be for Colorado, Hawaii, Indiana, Iowa, Kansas, Michigan, New Hampshire, New Jersey, South Carolina, Tennessee, Utah, Virginia, Wyoming, Wisconsin, California Users in the state, Massachusetts and Montana are open.
According to @ai_9684xtpa monitoring, 11.2 million SOLs (worth approximately US$2.06 billion) sold by FTX bankruptcy will be unlocked on March 1, 2025. Previously, FTX sold a total of 41 million SOLs through three auctions, with the main buyers and their returns as follows:
- Galaxy bought 25.52 million for $64 per unit, with a return rate of 187%;
- Pantera and other buyers bought 13.67 million for $95 each, with a return of 93%;
- Figure and other buyers bought 1.8 million for $102 per coin, with a return of 80%.
Token unlock:
Sui (SUI) will unlock approximately 22.97 million tokens at 8 a.m. Beijing time on March 1, Beijing time, with a ratio of 0.74% to the current circulation, worth approximately US$77.6 million.
ZetaChain (ZETA) will unlock approximately 44.26 million tokens at 8 a.m. Beijing time on March 1, with a ratio of 6.48% to the current circulation, worth approximately US$15 million.
dydx (DYDX) will unlock approximately 8.33 million tokens at 8 a.m. Beijing time on March 1, Beijing time, with a ratio of 1.14% to the current circulation and a value of approximately US$6.7 million.
Sleepless AI (AI) will unlock approximately 18.21 million tokens at 8 a.m. Beijing time on March 1, Beijing time, with a ratio of 14.01% to current circulation and a value of approximately US$5.1 million.
March 2
Exchange:
Ouyi Platform issued an announcement stating that it plans to officially launch the GFT/USDT and GFT/USDC trading pairs from 5:00 to 5:30 pm on December 3, 2024 (UTC+8). GFT's recharge service will be suspended at 4:00 pm on December 2, 2024 (UTC+8), and will no longer be open in the future. In addition, GFT's cash withdrawal service will be suspended at 4:00 pm (UTC+8) on March 2, 2025. Users are requested to complete asset processing before 4:00 pm (UTC+8) on March 4, 2025 to avoid loss.
The specific time is to be determined
DeepSeek will open source 5 code libraries next week
DeepSeek announced today that it will be sourced from 5 code bases in the next week, and new content will be unlocked every day to further share new progress. According to DeepSeek, the modules of the current online service have been tested and fully deployed and can be put into production environment. The company defines itself as a small company and also said that every sharing will become a strong potential energy, accelerating the journey of industry development. It also says that there is no high ivory tower in this field, only the pure garage entrepreneurship and the innovative power built by the community.
Kanye: The current market is full of counterfeit coins, and will launch its own coins next week
American producer and rapper Ye (Kanye West) tweeted that all Ye-related memes on the market are fake and will launch their own coins next week. He then tweeted, “YEEZY is committed to creating a real currency that no matter what field I enter, I learn from the best people and treat their life’s work with the highest respect.”
According to X user @afhasbara , Kanye sold the publishing rights of his X account to @barkmeta for $20 million before the cryptocurrency was released, and his broker John Monopoly charged a 15% fee. Kanye's cryptocurrency tweet that he sees now is obviously not posted by him.
Microsoft is preparing for the latest model of OpenAI, and GPT-4.5 is expected to be released as soon as next week, and Microsoft expects GPT-5 to be released in late May. The updated GPT-5 will make major improvements to the use of ChatGPT, unifying OpenAI's o-series and GPT series models to reduce the confusion of users in choosing models.
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