News Preview:
- HashKey Chain's official Staking function will be launched on March 3;
- Sui (SUI) will unlock about 40.63 million tokens at 8 AM Beijing time on March 3, accounting for 1.28% of the current circulating supply, worth about $117 million;
- Story will launch token issuance and staking rewards on March 4;
- Ethereum Foundation: Pectra network upgrade plan will be launched on Sepolia on March 5;
- The White House will host the first Crypto Summit on March 7;
- Ethena (ENA) will unlock about 207 million tokens at 3 PM Beijing time on March 5, accounting for 66.19% of the current circulating supply, worth about $835 million;
- Berachain (BERA) will unlock about 10 million tokens at 9 PM Beijing time on March 8, accounting for 9.27% of the current circulating supply, worth about $85.5 million
March 3
Project Dynamics:
HashKey Chain's official Staking function will be launched on March 3
HashKey Chain will officially launch its Staking function at 20:00 (UTC+8) on March 3, 2025, providing users with flexible on-chain asset appreciation services. It is understood that HashKey Chain Staking currently supports HSK staking, and users can choose different lock-up periods according to their own needs to enjoy corresponding annualized yields and additional rewards, with a maximum annualized yield of 12%. The launch of this Staking function aims to provide users with an asset appreciation channel, while further enriching the application scenarios of the HashKey Chain ecosystem.
Token Unlocking:
Sui (SUI) will unlock about 40.63 million tokens at 8 AM Beijing time on March 3, accounting for 1.28% of the current circulating supply, worth about $117 million
March 4
Macroeconomics:
US tariff measures on Mexico and Canada to be implemented on March 4
US President Trump stated that the tariff measures on Mexico and Canada will be implemented on March 4.
Exchanges:
OKEx to delist GFT spot trading pairs, users must complete asset processing by March 4
OKEx platform announced that it plans to officially delist the GFT/USDT and GFT/USDC trading pairs on December 3, 2024 from 17:00-17:30 (UTC+8). The deposit service for GFT will be suspended on December 2, 2024 at 16:00 (UTC+8), and the withdrawal service for GFT will be suspended on March 2, 2025 at 16:00 (UTC+8). Users are required to complete asset processing before March 4, 2025 at 16:00 (UTC+8) to avoid losses.
Bithumb to terminate trading support for 300 Feet Network (FIT) on March 4
Due to not meeting the trading support standards, 300 Feet Network (FIT) will terminate trading support on January 30, 2025 at 15:00 (Korea time) and terminate withdrawal support on March 4, 2025 at 15:00. Bithumb advises users to complete asset withdrawal before the deadline, and reminds investors that technical support may not be available after the termination of trading support, and losses may occur due to price declines.
Project Dynamics:
Solayer plans to open LAYER token airdrop application until March 4
Solana re-staking platform Solayer announced that it has officially launched the application for its native LAYER token airdrop, but PANews' test application has not yet been opened. Solayer stated in its blog that for early and eligible community members, the LAYER tokens in the Genesis Drop will be immediately unlocked upon release, and additional LAYER can be claimed over the next 6 months through Epoch. The check-in window will open at 20:00 Beijing time on February 11, 2025 and will remain open for 30 days until 20:00 Beijing time on March 4, 2025. Users who fail to initiate the application during this period will lose their tokens. Unclaimed LAYER will be redistributed for future airdrops. LAYER tokens vested after the initial application period will not be affected.
Story to launch token issuance and staking rewards on March 4, releasing 55,555 IP tokens per day
Story will officially launch the IP token issuance on March 4, 2025 (block 1,580,851), releasing 55,555 IP tokens per day, and simultaneously launch the staking rewards. The current period is the Singularity period, during which users can stake but receive no rewards. After the Big Bang Block, the staking rewards mechanism will take effect. The staking rewards mechanism adopts a time-weighted model, with flexible staking at 1x, 90-day staking at 1.1x, 360-day staking at 1.5x, 540-day staking at 2x, and locked staking only enjoying 0.5x rewards (locked for 6 months). Story encourages long-term staking to enhance the security and stability of the decentralized AI-native IP infrastructure.
Token Unlocking:
Staika (STIK) will unlock about 1.57 million tokens at 8 AM Beijing time on March 4, worth about $8 million
March 5
Exchanges:
Binance to list USDC perpetual contracts for KAITO, IP and 4 other tokens, supporting up to 25x leverage
Binance announced that it will list the following USDC-denominated perpetual contracts, all supporting up to 25x leverage, from March 5 to March 7:
- 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 Dynamics:
Ethereum Foundation: Pectra network upgrade plan launched on Sepolia on March 5
The Pectra network upgrade plan has been launched on the Ethereum testnet. It went live on Holesky at epoch 115968 (February 25, 05:55 Beijing time) and then on Sepolia at epoch 222464 (March 5, 15:29 Beijing time). The Pectra testnet client versions are listed. After the successful upgrades of the two testnets, one will be selected for mainnet activation. Pectra is introduced after last year's Dencun upgrade. It introduces more features such as enhanced Ethereum accounts, improved validator experience, and support for L2 scaling.
Token Unlocking:
Ethena (ENA) will unlock about 207 million tokens at 3 PM Beijing time on March 5, accounting for 66.19% of the current circulating supply, worth about $835 million
March 6
Macroeconomics:
The Federal Reserve releases the Beige Book on economic conditions
March 7
Macroeconomics:
US Non-Farm Payroll Report
Policy and Regulation:
The White House to host the first Crypto Summit on March 7
The White House will host the first Crypto Summit on March 7. President Trump will attend the inaugural White House Crypto Summit and deliver a speech on March 7. Attendees will include prominent crypto founders, CEOs and investors, as well as members of the President's Digital Assets Working Group. The summit will be hosted by the White House A.I. and Crypto Czar DavidSacks, and managed by Working Group Executive Director Bo Hines.
Token Unlocking:
Kaspa (KAS) will unlock about 162 million tokens at 8 AM Beijing time on March 7, accounting for 0.63% of the current circulating supply, worth about $12.8 million
Neon (NEON) will unlock about 53.91 million tokens at 8 AM Beijing time on March 7, accounting for 22.51% of the current circulating supply, worth about $8.4 million
March 8
Macroeconomics:
Federal Reserve Chair Powell to deliver a speech at the University of Chicago Booth School of Business
Project Dynamics:
Berachain (BERA) will unlock about 10 million tokens at 9 PM Beijing time on March 8, accounting for 9.27% of the current circulating supply, worth about $85.5 million
The Japanese securities giant SBI Group announced that its cryptocurrency business has set a new quarterly profit record, and SBI has also partnered with USDC operator Circle to promote the launch of USDC trading pairs in Japan. In addition, the company has reached an agreement with DMM Bitcoin to complete the integration of DMM Bitcoin customer accounts and assets by March 8, 2025. This integration will cover all DMM Bitcoin customers' yen and spot cryptocurrency assets, without the need for additional operations by customers, and will be 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 the integration, the total number of cryptocurrencies supported by SBI VC Trade will increase to 38.
Token Unlocking:
Berachain (BERA) will unlock about 10 million tokens at 9 PM Beijing time on March 8, which is 9.27% of the current circulating supply, worth about $85.5 million.
March 9
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