Weekly Preview | The White House will hold the first cryptocurrency summit; Ethena (ENA), Sui (SUI) and other to unlock tokens worth over $1 billion
Reprinted from panewslab
03/02/2025·2MNews trailer:
- The official HashKey Chain staking function will be launched on March 3;
- Sui (SUI) will unlock about 40.63 million tokens at 8 a.m. Beijing time on March 3, with a ratio of 1.28% to the current circulation, and a value of about 117 million US dollars;
- Story will launch token issuance and pledge rewards on March 4;
- Ethereum Foundation: Pectra network upgrade is scheduled to be launched in Sepolia on March 5;
- The White House will hold its first cryptocurrency summit on March 7;
- Ethena (ENA) will unlock approximately 2.07 billion tokens at 3 pm Beijing time on March 5, with a ratio of 66.19% to the current circulation, worth approximately US$835 million;
- Berachain (BERA) will unlock about 10 million tokens at 9 p.m. Beijing time on March 8, with a ratio of 9.27% to the current circulation, worth about 85.5 million US dollars.
March 3
Project News:
HashKey Chain 's official staking function will be available on March 3
HashKey Chain will officially launch the Staking function at 20:00 on March 3, 2025 (UTC+8), providing users with flexible on-chain asset value-added services. It is understood that HashKey Chain Staking currently supports HSK staking. Users can choose different lock-up periods according to their own needs and enjoy corresponding annualized yields and additional rewards, with an annualized rate of return and additional rewards of up to 12%. The launch of this staking function aims to provide users with asset value-added channels, and further enrich the application scenarios of the HashKey Chain ecosystem.
Token unlock:
Sui (SUI) will unlock approximately 40.63 million tokens at 8 a.m. Beijing time on March 3, with a ratio of 1.28% to the current circulation, worth approximately US$117 million.
March 4
Macroeconomics:
U.S. tariffs on Mexico and Canada are implemented on March 4
U.S. President Trump said tariffs on Mexico and Canada were implemented on March 4.
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 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 losses.
Bithumb announces ending 300 Feet Network (FIT) transaction support on March 4
Due to the failure to meet the transaction support standards, 300 Fit Network (FIT) will terminate transaction support at 15:00 on January 30, 2025 (Korean time), and terminate withdrawal support at 15:00 on March 4, 2025. Bithumb recommends that users complete asset withdrawals before the deadline, reminding investors that technical support may not be available after the termination of trading support, or losses may be caused by price declines.
Project News:
Solayer plans to open LAYER token airdrop application until March 4
Solana re-staking platform Solayer announced that it has officially launched the airdrop application for its native token LAYER, but the actual application for PANews has not yet been opened. For early and eligible community members, the LAYER tokens in Genesis Drop will be unlocked immediately upon release and will be able to claim additional LAYER through Epoch within the next 6 months, Solayer said in his blog. The inspection window will be open at 20:00 on February 11, 2025, and will continue to be open for 30 days until 20:00 on March 4, 2025, Beijing time. Users who fail to initiate the claim during this period will lose their tokens. Unclaimed LAYER will be redistributed for future airdrops. LAYER tokens that are vested after the initial application period will not be affected.
Story will launch token issuance and pledge rewards on March 4, releasing 55,555 IPs per day
Story will officially start the issuance of IP tokens on March 4, 2025 (block 1,580,851), releasing 55,555 IPs per day, and simultaneously launching staking rewards. It is currently in the singularity period, and users can pledge but no rewards. It will take effect after the Big Bang Block. The pledge reward mechanism adopts a time-weighted mode, with flexible pledges of 1x, 90 days 1.1x, 360 days 1.5x, and 540 days 2x, while locked pledges only enjoy 0.5x reward (locked for 6 months). Story encourages long-term staking to enhance the security and stability of decentralized AI native IP infrastructure.
Token unlock:
Staika (STIK) will unlock approximately 1.57 million tokens worth approximately US$8 million at 8 a.m. Beijing time on March 4
March 5
Exchange:
Binance announced that it will launch the following USDC-denominated perpetual contracts from March 5 to March 7, all supporting up to 25 times leverage:
- March 5 18:00: KAITOUSDC Perpetual Contract
- March 5 18:15: IPUSDC Perpetual Contract
- March 6 18:00: TRUMPUSDC Perpetual Contract
- March 6 18:15: ADAUSDC Perpetual Contract
- March 7 18:00: PNUTUSDC Perpetual Contract
- March 7 18:15: HBARUSDC Perpetual Contract
Project News:
Ethereum Foundation: Pectra network upgrade is scheduled to go online in Sepolia on March 5
The Pectra network upgrade plan is launched on the Ethereum test network. It was launched on Holesky on epoch 115968 (05:55 Beijing time on February 25), and then on Sepolia on epoch 222464 (15:29 Beijing time on March 5). The Pectra testnet client version is listed below. After the two test networks are successfully upgraded, one main network will be selected to activate epoch. Pectra is launched after last year’s Dencun upgrade. It introduces more features such as enhancing Ethereum accounts, improving validator experience, supporting L2 expansion and more.
Token unlock:
Ethena (ENA) will unlock approximately 2.07 billion tokens at 3 pm Beijing time on March 5, with a ratio of 66.19% to the current circulation, worth approximately US$835 million.
March 6
Macroeconomics:
The Federal Reserve releases Beige Book on Economic Situation
March 7
Macroeconomics:
US non-farm employment report
Policy Supervision:
The White House will hold its first cryptocurrency summit on March 7
The White House will host its first cryptocurrency summit on March 7. President Trump will attend the first White House Cryptocurrency Summit on March 7 and deliver a speech. Attendees will include well-known founders, CEOs and investors in the cryptocurrency industry, as well as members of the President’s Digital Assets Working Group. The summit will be chaired by White House A.1 and cryptocurrency Tsar David Sacks, and will be managed by Bo Hines, executive director of the task force.
Token unlock:
Kaspa (KAS) will unlock approximately 162 million tokens at 8 a.m. Beijing time on March 7, with a ratio of 0.63% to the current circulation, worth approximately US$12.8 million.
Neon (NEON) will unlock approximately 53.91 million tokens at 8 a.m. Beijing time on March 7, with a ratio of 22.51% to the current circulation, worth approximately US$8.4 million.
March 8
Macroeconomics:
Federal Reserve Chairman Powell speaks at the University of Chicago Booth School of Business
Project News:
Japan SBI Group will complete the integration of DMM Bitcoin customer accounts and assets by March 8
Japanese securities giant SBI Group announced that its crypto business hit a quarterly profit high, and SBI also cooperated with USDC operator Circle to promote the launch of Japan's USDC trading pairs. In addition, the company reached an agreement with DMM Bitcoin to complete the integration of DMM Bitcoin customer accounts and assets on March 8, 2025. This integration covers all DMM Bitcoin customers' yen and spot crypto assets, without additional customer operations, and is handled uniformly by SBI VC Trade. This integration will add 14 new spot trading assets, including NIDT, MONA, SAND, TRX, BAT, ALGO, APE, AXS, ETC, ENJ, CHZ, MKR, OMG, and FCR. After integration, the total number of crypto assets supported by SBI VC Trade will increase to 38.
Token unlock:
Berachain (BERA) will unlock about 10 million tokens at 9 p.m. Beijing time on March 8, with a ratio of 9.27% to the current circulation, worth about 85.5 million US dollars.
March 9
None yet
chaincatcher