News Preview:
- FTX will start repaying creditors from February 18, 2025;
- Consensus Hong Kong will be held from February 18 to 20, 2025;
- Germany will hold a new parliamentary election on February 23, and the party hopes to exit the Eurozone and relax Bitcoin regulation;
- Murasaki (MURA) will unlock about 20 million tokens on February 23 at 8:00 am Beijing time, accounting for 2.00% of the current circulating supply, worth about $85.4 million;
- Melania Meme (MELANIA) will unlock about 61.25 million tokens on February 20 at 8:00 am Beijing time, accounting for 40.83% of the current circulating supply, worth about $81.5 million;
- Fasttoken (FTN) will unlock about 20 million tokens on February 18 at 8:00 am Beijing time, accounting for 4.66% of the current circulating supply, worth about $78.6 million
February 17
Exchanges:
Russian broker Finam will issue a note linked to the BlackRock Bitcoin ETF on February 17
Russian retail broker Finam will launch an investment product linked to the BlackRock iShares Bitcoin Trust ETF (IBIT) on February 17, giving Russian qualified investors their first opportunity to access a spot Bitcoin ETF. The IBIT bond to be issued by Finam will be denominated in Russian rubles, and the yield will be calculated in US dollars based on the exchange rate of the Central Bank of Russia. If the price of the Bitcoin ETF at maturity is at least one basis point higher than the price at the time of the product launch, investors will receive a US dollar yield of up to 20%. The minimum investment amount is 200,000 rubles, or about $2,200 at the time of writing. The brokerage commission is 1% (in rubles). In addition, Finam plans to launch similar products linked to an Ethereum spot ETF.
Binance Leverage will remove HMSTR/FDUSD, SAGA/BTC and other leverage trading pairs on February 17
Binance Leverage will remove the following leverage trading pairs on February 17, 2025 at 14:00 (UTC+8):
- Cross margin: HMSTR/FDUSD, SAGA/BTC
- Isolated margin: HMSTR/FDUSD, ILV/BTC, LTO/BTC, MDT/BTC, SAGA/BTC
Binance will launch the sixth phase of the BNSOL Super Staking project Pepe (PEPE) on February 17
Binance announced a partnership with its token partner Pepe (PEPE) to launch the sixth phase of the BNSOL Super Staking program. During the event, users who hold BNSOL or stake SOL as BNSOL from February 17, 2025 08:00 to March 17, 2025 07:59 (Beijing time) can receive PEPE APR Boost airdrop rewards, which are additional earnings on top of the basic BNSOL staking APR.
Regulatory:
The Hong Kong SFC will hold two cybersecurity webinars on February 17 and 19, inviting virtual asset service providers
The Hong Kong SFC has issued a cybersecurity webinar notice to licensed corporations, SFC-licensed virtual asset service providers and associated entities. The Hong Kong SFC will hold two cybersecurity webinars on February 17 and 19, 2025 to raise awareness of emerging cyber threats in Hong Kong.
Token Unlocks:
ApeCoin (APE) will unlock about 15.6 million tokens at 8:30 pm Beijing time on February 17, accounting for 2.16% of the current circulating supply, worth about $11.4 million
Echelon Prime (PRIME) will unlock about 750,000 tokens at 8:00 am Beijing time on February 17, accounting for 1.37% of the current circulating supply, worth about $5 million
February 18
Exchanges:
FTX will start repaying creditors from February 18, 2025
FTX creditor representative Sunil disclosed on X that FTX plans to start debt repayment from 10:00 am Eastern Time on February 18, 2025. This repayment will prioritize creditors with claims less than $50,000. The repayment amount will include 100% of the adjudicated claim amount (capped at $50,000) and an additional 9.0% annual interest from November 11, 2022 to the initial distribution date as additional compensation.
Coinbase Derivatives plans to launch Solana and Hedera futures on February 18, 2025
Coinbase Derivatives, LLC has submitted a self-certification application to the CFTC for a Solana futures contract and plans to officially launch trading on or after February 18, 2025.
Contract details:
• Solana futures will use cash settlement and margin trading, with monthly settlement.
• Hedera futures are also expected to be launched simultaneously to further enrich Coinbase's derivatives trading offerings.
Project Dynamics:
BNB Chain will launch a $4.4 million Memecoin liquidity support program on February 18
Starting from February 18, BNB Chain will launch a $4.4 million Memecoin liquidity support program. BNB Chain will focus on top Memecoins on a daily and weekly basis, and directly inject BNB liquidity into the liquidity pools of the winning projects from the BNB Chain Foundation's wallet. BNB Chain will provide 50% BNB + 50% Memecoin (purchased from the market) and add it to the most active liquidity pool of that Memecoin. This liquidity will be permanently retained in the pool and will not be withdrawn. Winning criteria:
- Market cap: Must reach $1M or above
- Active holding addresses: Not less than 1,000
- Token supply contribution: The project needs to add 10% of the total supply to the liquidity pool
- Holding distribution: The top 10 external owned accounts (EOAs) cannot hold more than 10% of the total supply. Encourage these holders to manage their assets through locking or linear release
- Security measures: The project must verify its token source code on BscScan or pass a security audit
Community Events:
Consensus Hong Kong will be held from February 18 to 20, 2025
Token Unlocks:
Fasttoken (FTN) will unlock about 20 million tokens at 8:00 am Beijing time on February 18, accounting for 4.66% of the current circulating supply, worth about $78.6 million
QuantixAI (QAI) will unlock about 565,700 tokens at 8:00 am Beijing time on February 18, accounting for 10.88% of the current circulating supply, worth about $48.2 million
February 19
Token Unlocks:
Pixels (PIXEL) will unlock about 91.18 million tokens at 6:00 pm Beijing time on February 19, accounting for 11.83% of the current circulating supply, worth about $6.3 million
February 20
Macroeconomics:
The Federal Reserve will release the minutes of the January monetary policy meeting on February 20
Exchanges:
Coinbase International will list Spx6900 and Kaspa perpetual contracts on February 20
According to the announcement from Coinbase International Exchange, the platform and Coinbase Advanced will support Spx6900 and Kaspa perpetual contracts. The SPX-PERP and KAS-PERP markets will be opened for trading at 17:30 Beijing time on February 20, 2025 or later.
Project Dynamics:
The second phase airdrop of $DIN will be launched on February 20
The second phase airdrop of the first AI Agent blockchain DIN will be launched at 4:00 pm Beijing time on February 20. In addition, the $DIN staking function has also been launched, allowing holders to earn more $DIN through staking.
The TON Foundation has launched the "TON Mini Program Migration Assistance Program", with applications closing on February 20
PANews stated on platform X that starting from February 21, Telegram will implement new rules for blockchain mini-programs, as the TON blockchain has become the exclusive blockchain infrastructure for the Telegram mini-program ecosystem. To ensure a smooth transition, the TON Foundation has launched the "TON Mini-Program Migration Subsidy Program", a dedicated initiative to help mini-programs migrate from other chains to the TON blockchain. Developers and builders will receive the following support: 1. Eligible projects can receive $50,000 in advertising credits; 2. Seamless migration through TON Connect; 3. Increased visibility through the Telegram user community; 4. Ensure successful technical and marketing support. The application will close on February 20.
Token Unlocking:
Melania Meme (MELANIA) will unlock approximately 61.25 million tokens at 8 AM Beijing time on February 20, accounting for 40.83% of the current circulating supply, valued at approximately $81.5 million.
February 21
Token Unlocking:
Metars Genesis (MRS) will unlock approximately 10 million tokens at 8 AM Beijing time on February 21, accounting for 11.87% of the current circulating supply, valued at approximately $29.2 million.
Immutable (IMX) will unlock approximately 24.52 million tokens at 8 AM Beijing time on February 21, accounting for 1.41% of the current circulating supply, valued at approximately $20.1 million.
February 22
Project Dynamics:
Eliza Labs will collaborate with EigenLayer to host an AI agent hackathon on February 22
The Ethereum re-staking protocol EigenLayer announced that it will collaborate with Eliza Labs to host an AI agent hackathon in downtown Denver from February 22 to March 3, 2025.
Token Unlocking:
SPACE ID (ID) will unlock approximately 18.49 million tokens at 8 AM Beijing time on February 22, accounting for 4.29% of the current circulating supply, valued at approximately $5.9 million.
February 23
Policy and Regulation:
Germany will hold a new parliamentary election on February 23, which could have a profound impact on the financial industry of Europe's largest economy. The far-right Alternative for Germany party is ranked second in the polls, but the mainstream German parties refuse to cooperate with them in any government, meaning their proposals may never be realized. Nevertheless, their financial policy plans are the most specific and radical. The Alternative for Germany party calls for Germany to exit the Eurozone, supports "widespread deregulation" of Bitcoin, wallets, and transactions, and opposes the digital euro, among other things.
Project Dynamics:
The Ethereum Foundation announced that it will provide $200,000 in grants to support the Pectra ecosystem upgrade and has opened the Pectra Proactive Grant Round for proposal submissions, with the deadline set for February 23. The submitted proposals should align with one or more of the following key focus areas:
1. Core Protocol Support: Develop tools and libraries that directly support the protocol-level changes introduced in Pectra, create infrastructure to ensure Pectra-related updates are seamlessly integrated into the core protocol; 2. Tools and Infrastructure: Updates to essential tools for builders, stakeholders, and end-users, create new tools to support EIPs directly related to Pectra; 3. Testing and Security: Enhancements to testing frameworks and infrastructure, tools to improve network security before and after Pectra upgrades; 4. Adoption and Impact Analysis: Projects to track and analyze the adoption of changes introduced by Pectra, tools or frameworks to measure the impact of Pectra-related EIPs on the Ethereum ecosystem and protocol.
Token Unlocking:
Murasaki (MURA) will unlock approximately 20 million tokens at 8 AM Beijing time on February 23, accounting for 2.00% of the current circulating supply, valued at approximately $85.4 million.
