GuShiio.com In the coming week, from February 24, 2025 to March 2, 2025, there will be these blockchain highlights worthy of your attention.
In the coming week, from February 24, 2025 to March 2, 2025, there will be these blockchain highlights worthy of your attention.
Highlights:
- Ethereum plans to activate the Pectra upgrade on the Holesky testnet on February 24
- $FX will be renamed $PUNDAI on February 25, implementing 100:1 supply cuts;
- VitaDAO: Plans to launch new tokens on Pump Science on February 25
- The U.S. Senate Banking Digital Assets Subcommittee will hold its first hearing on February 26 local time to discuss the theme of “Exploring a Bipartisan Legislative Framework for Digital Assets”;
- Optimism (OP) will unlock approximately 31.34 million tokens at 8 a.m. Beijing time on February 28, with a ratio of 1.93% to current circulation and a value of approximately US$36.7 million
- Arkham Exchange will provide spot trading 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, with a ratio of 0.74% to current circulation and a value of approximately US$77.6 million;
- Kanye said that all counterfeit coins are currently on the market and will launch his own coin next week
on February 24
Exchange:
Binance will remove AMB, CLV, STMX and VITE from February 24
Binance announced that it will remove and stop trading the following spot trading pairs starting from 11:00 (Beijing time) on February 24, 2025: AMB/USDT, CLV/BTC, CLV/USDT, STMX/TRY, STMX/USDT and VITE/USDT. All outstanding pending orders will be automatically cancelled after the transaction is stopped. Starting from 11:00 (Beijing time) on February 25, 2025, the recharge of relevant tokens will no longer be credited to the user’s account, and the withdrawal service will continue until 11:00 (Beijing time) on April 24, 2025.
Bithumb: Services are planned to be suspended for about 6 hours on February 24 due to internal system upgrades
Bithumb announced that it will carry out internal system upgrades on Monday, February 24, 2025, from 1:00 to 7:00 (6 hours in total). At that time, all Bithumb services (Bithumb APP /mobile web/ PC / API) will be suspended, and service maintenance time may end early or be delayed. To protect customers with pending orders, pending orders may be cancelled, so please cancel pending buy/sell orders before service check if possible.
CME plans to launch cash-settled options for Bitcoin Friday futures on February 24
Chicago Mercantile Exchange Group (CME) announced plans to launch cash-settled options linked to its Bitcoin Friday futures on February 24, subject to regulatory approval. Giovanni Vicioso, global head of cryptocurrency products at CME, said that the smaller size and daily expiration design of these new option contracts provide market participants with a more capital-efficient tool to adjust their Bitcoin exposure. Since its launch in September last year, Bitcoin Friday futures have a contract size of only 1/50 of 1 Bitcoin, which is smaller than the “nano” Bitcoin futures launched by Coinbase (1/100 of 1 Bitcoin). So far, more than 775,000 contracts have been sold for this product, with an average daily transaction volume of approximately 9700.
Project dynamics:
Latest Ethereum ACDE Conference: Pectra upgrade planned to be activated on February 24 on Holesky testnet
Christine Kim, vice president of Galaxy Research, summarized the 203rd Ethereum Core Developer Executive (ACDE) conference call. The developers confirmed the timetable for the upgrade of the Ethereum public test network, and planned to activate the Pectra upgrade on the Holesky and Sepolia test networks on February 24 and March 5, respectively. If the upgrade of the public test network goes smoothly, Pectra is expected to go online on the Ethereum main network around April 8. In addition, developers discussed Beiko’s proposal to lock in the scope of Fusaka upgrades, and planned to freeze the scope of Fusaka before the Pectra upgrade goes online. Beiko also recommended extending the time for developers to submit EIP proposals to ensure that opinions from all parties are fully discussed and integrated.
on February 25
Project dynamics:
CoinList will launch Obol token sales on February 25
CoinList announced that it will launch Obol token sales at 1:00 (Beijing time) on February 25, a 30% discount compared with the previous round of VC investment. Obol is the foundation of the L1 blockchain and decentralized infrastructure network. Sales details are as follows: For ordinary users: FDV is US$125 million; token price is US$0.25;TGE unlocked 33% in the last 6 months, and unlocked linearly in the next 12 months. For wstETH or weETH holders: the FDV is US$115 million; the token price is US$0.23;TGE is unlocked 33% in the next 6 months, and is unlocked linearly in the next 12 months; at the same time, users need to hold at least US$20 worth of wstETH or weETH on CoinList between 1:00 on March 4 and 1:00 on March 11 to enjoy the lower price and FDV.
Both options have purchase limits of $100 minimum and $250,000 maximum. After the subscription period ends, users who are not selected for allocation will receive funds in their CoinList wallets before 1:00 on March 13. This public sale does not apply to the United States, China, Canada and certain other jurisdictions.
$FX will be renamed $PUNDAI on February 25, implementing 100:1 supply cuts
$FX will be officially renamed $PUNDIAI at 10 a.m.(GMT+8) on February 25, 2025. This upgrade will be performed automatically or manually based on the blockchain where the token is located. The $FX on Pundi AIFX Omnilayer (formerly f(x)Core) will be automatically upgraded, including pledged and non-pledged tokens. $FX located on the Base Chain and Ethereum network requires manual upgrades. The upgrade page will be provided later. Users can bridge $FX back to Pundi AIFX Omnilayer for automatic upgrades. The centralized exchanges participating in this upgrade will provide automatic upgrades. Please pay attention to the exchanges for the specific time.
BNB Chain: Pascal hard fork is planned to be held on the testnet on February 25, and on the main net in mid-March
BNB Smart Chain (BSC) will conduct a Pascal hard fork. The fork is planned to take place on the test network on February 25, 2025, and the main network is planned to take place in mid-March 2025. Pascal hard forks enhance BSC compatibility with Ethereum by integrating key features of the Ethereum Pectra upgrade.
VitaDAO: Plans to launch new tokens on Pump Science on February 25
VitaDAO, an autonomous organization for longevity research, issued a document on the X platform stating that it plans to launch new compound experimental tokens on the Pump Science platform on February 25, and pre-order and market release of supplements will be held on March 25.
Token unlocking:
AltLayer (ALT) will unlock approximately 240 million tokens at 6 pm Beijing time on February 25, accounting for 9.41% of current circulation and worth approximately US$11.6 million
on February 26
Policy supervision:
The US Senate Banking Digital Assets Subcommittee plans to hold its first hearing on February 26 local time
The U.S. Senate Banking Digital Assets Subcommittee announced that it will hold its first hearing next Wednesday (February 26) local time to discuss the theme of “Exploring a Bipartisan Legislative Framework for Digital Assets.”
on February 27
Exchange:
Upbit: NFT services are scheduled to be suspended for 2 hours on February 27
South Korean cryptocurrency exchange Upbit announced that due to planned database maintenance tasks, the NFT service is scheduled to be suspended for two hours on February 27 from 06:00 to 08:00. During this period, the deposit and withdrawal of Ethereum and Polygon-based NFT in Upbit’s NFT service will not be possible. This inspection may be postponed or cancelled depending on market conditions.
Kraken will completely close the NFT market on February 27, shifting focus to other projects
Crypto exchange Kraken said in a statement that it 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 Marketplace; they will only be able to withdraw assets. The market will be completely closed on February 27, 2025. A Kraken representative said: “We have decided to close our NFT market to shift more resources to new products and services, including unannounced plans that are under development. Customers have been informed of these changes and our team will support them in transferring their NFTs to their Kraken wallets or self-managed wallets of their choice.”
ZK Nation: ZIP-6 proposal proposes to redeploy all governance contracts, voting will end on February 27
ZK Nation announced on the X platform that since the quorum has been reached, the voting period for ZIP-6 is scheduled to end at 18:15 UTC on February 27. It is reported that the proposal will upgrade governance contracts and redeploy all governance contracts, including the contract related to the ZKSYNC protocol upgrade mechanism, namely the protocol UpgradeHandler, which is responsible for implementing Ethereum protocol upgrades approved by Token Assembly.
28 February
Policy supervision:
Brazil’s central bank considers banning the withdrawal of stablecoins from exchanges into personal wallets, and public consultation will last until February 28
The Central Bank of Brazil (BCB) has announced a regulatory proposal to ban centralized exchanges from allowing users to withdraw stablecoins into self-protected wallets. According to the public consultation notice, where Brazilian law already allows payments in foreign currencies, the transfer of stablecoins (known as “foreign-denominated tokens”) between residents will be restricted. The move is part of Brazil’s crypto regulatory bill approved in December 2022, which identified the BCB as responsible for setting rules for the country’s crypto industry. The public consultation will last until February 28, 2025, and market participants can share their opinions with regulators. However, the BCB can overturn the opinion and act as stated in the document.
Project dynamics:
Decentralized ride-hailing app Teleport is about to close, allowing users to transfer remaining USDC balances and export private keys before February 28
Teleport, Solana’s decentralized ride-hailing application, announced in a post on the X platform: “The platform is about to close. This is not the result we had hoped for, but I am very grateful to this community and all those who believe in the vision and are passionate about it. I regret that we have not found a way to make this business work normally.” A more detailed analysis will be released in the future to explain the reasons for this decision, but for now the focus is on an orderly shutdown. The Teleport app will support the transfer of any remaining USDC balances and the export of user private keys until February 28, 2025.”
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 trading closes on February 28, 2025. The MSCI Japan Index is compiled by Morgan Stanley Capital International (MSCI) and covers large and medium-sized Japanese companies and is an important reference indicator for institutional investors around the world.
Token unlocking:
Optimism (OP) will unlock approximately 31.34 million tokens at 8 a.m. Beijing time on February 28, with a ratio of 1.93% to current circulation and a value of approximately US$36.7 million
March 1
Exchange:
Arkham Exchange will provide spot trading to users in 17 U.S. states starting March 1
Arkham Intelligence announced that its exchange, Arkham Exchange, will begin offering spot cryptocurrency trading to users in 17 U.S. states starting March 1. Arkham announced the move in November last year after the company launched a USDT-based perpetual contract exchange. Spot trading will be open to users in Colorado, Hawaii, Indiana, Iowa, Kansas, Michigan, New Hampshire, New Jersey, South Carolina, Tennessee, Utah, Virginia, Wyoming, Wisconsin, California, Massachusetts and Montana.
The 11.2 million SOL pieces auctioned at FTX bankruptcy will be unlocked on March 1, worth approximately US$2.06 billion
According to@ai_9684xtpa monitoring, 11.2 million SOL pieces (worth approximately US$2.06 billion) auctioned by FTX in bankruptcy will be unlocked on March 1, 2025. Previously, FTX sold a total of 41 million SOL units through three auctions. The main buyers and their return rates are as follows:
- Galaxy purchased 25.52 million units for US$64 each, with a return rate of 187%;
- Pantera and other buyers bought 13.67 million units at US$95 each, with a return of 93%;
- Figure and other buyers bought 1.8 million pieces for $102 each, with a return of 80%.
Token unlocking:
Sui (SUI) will unlock approximately 22.97 million tokens at 8 a.m. Beijing time on March 1, with a ratio of 0.74% to current circulation and a value of 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 current circulation and a value of approximately US$15 million
Dydx (DYDX) will unlock approximately 8.33 million tokens at 8 a.m. Beijing time on March 1, with a ratio of 1.14% to 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, with a ratio of 14.01% to current circulation and a value of approximately US$5.1 million
March 2
Exchange:
Ouyi announced that it will roll off the GFT spot trading pair and suspend the GFT withdrawal service on March 2
Ouyi Platform announced that it plans to officially launch the GFT/USDT and GFT/USDC trading pairs on December 3, 2024 from 5:00 to 5:30 pm (UTC+8). The recharge service of GFT will be suspended at 4:00 pm (UTC+8) on December 2, 2024 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.
exact dates had yet to be fixed
DeepSeek will open source 5 codebases next week
DeepSeek announced today that it will source 5 codebases in the coming week, and new content will be unlocked every day to further share new progress. DeepSeek introduced that the modules of current online services have been tested and fully deployed, and can be put into production environments. The company defines itself as a small company and also said that every sharing becomes a powerful potential energy that accelerates the industry’s development journey. He said that there is no high-flying ivory tower in this field, only pure garage entrepreneurship and the innovative power of community building.
Kanye: Currently, all counterfeit coins on the market are counterfeit coins. I will launch my own coin next week
American producer and rapper Ye (Kanye West) tweeted that all Ye-related Memes currently on the market are fake and will launch its own coin next week. He later tweeted,”YEEZY is committed to creating a real currency. No matter which field I enter, I will 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 agent John Monopoly charged a 15% fee. The cryptocurrency tweet I see now is obviously not from Kanye himself.
OpenAI GPT-4.5 is expected to be available as soon as next week, and GPT-5 may be released in late May
Microsoft is preparing for the latest model of OpenAI, and expects GPT-4.5 to be available as soon as next week. Microsoft expects GPT-5 to be released in late May. The updated GPT-5 will make major improvements to the way ChatGPT is used, unifying OpenAI’s o-series and GPT series models, and reducing user confusion in selecting a model.
