Must-watch this week|Powell attends Senate hearing; new CPI and PPI data released (2.10-2.16)

avatar
ODAILY
02-10
This article is machine translated
Show original

Key Highlights of the Week

February 10

Berachain Foundation: The second part of the Airdrop will be distributed to wallets on February 10, and registration needs to be completed before claiming;

B3.fun: The Airdrop eligibility verification website has been launched, and the token will be launched on February 10;

February 11

(23:00) Federal Reserve Chair Powell to testify before the Senate and deliver the semi-annual monetary policy statement;

February 12

(21:30) The US will release January CPI data;

(23:00) Powell to deliver the semi-annual monetary policy statement before the House Financial Services Committee;

February 13

(21:30) The US will release January PPI data on February 13 at 21:30;

From February 10 to February 16, the following are some other notable events in the industry.

February 10

It is reported that CME may launch XRP and SOL futures contracts as early as February 10, but this has not been officially confirmed

Odaily Planet Daily: Regarding the "CME has published beta versions of XRP and SOL futures on its beta website", FOX Business reporter Eleanor Terrett posted on X that a CME spokesperson clarified that the versions on the beta website (usually used for draft simulations) were erroneously published. No official decision has been made on the launch of futures contracts for these two tokens.

Previously, Bloomberg senior ETF analysts Eric Balchunas and James Seyffart confirmed that CME is very likely to launch XRP and SOL futures contracts, but only published the beta versions on the beta website, not on the official website. They believe this event will soon be officially confirmed by CME, but they are also puzzled as to why the beta version was made public. Previous market news said that the CME futures for XRP and SOL would go live on February 10 after passing the review.

Binance will start supporting the token swap and brand upgrade of Litentry (LIT) to Heima (HEI) on February 10

Odaily Planet Daily: According to the official announcement, Binance will support the token swap and brand upgrade of Litentry (LIT) to Heima (HEI). Specifically:

Binance will suspend trading and remove all existing LIT spot trading pairs (LIT/BTC and LIT/USDT) on February 10, 2025 at 11:00 (GMT+8), and will automatically cancel all pending orders. Binance will open HEI/BTC and HEI/USDT spot trading on February 13, 2025 at 16:00 (GMT+8).

Binance will temporarily suspend the deposit and withdrawal services of LIT tokens on February 10, 2025 at 11:30 (GMT+8). In addition, Binance will open the deposit of HEI tokens on February 13, 2025 at 15:00 (GMT+8); Binance will announce the opening time of HEI token withdrawal after the token swap and brand upgrade is completed; After the token swap and brand upgrade, Binance will no longer support the deposit and withdrawal of LIT tokens.

Berachain Foundation: The second part of the Airdrop will be distributed to wallets on February 10, and registration needs to be completed before claiming

Odaily Planet Daily: The Berachain Foundation posted on X that the second part of the Berachain Airdrop will be distributed to wallets on February 10:

For the top X (10) Yapper and Discord users (Berachain + Bong Bear NFT server): The participation index will be identified using KaitoAI and Cookie 3 data. To check if you are eligible, please connect to the Airdrop eligibility verification page through X and/or Discord.

For RFB plan recipients (apps and communities): Over 200 ecosystem projects and community members have received token rewards through the Foundation's RFB plan. dApps must use 70% of their allocated tokens for future mainnet rewards and liquidity incentives. To claim, click the "For RFB Recipients" button on the official Airdrop eligibility verification website and register using the X account used for their RFB application.

Airdrop recipients must register their wallets before 11:59 PM EST on February 9 to receive their allocation. The tokens will be claimed on February 10.

B3.fun: The Airdrop eligibility verification website has been launched, and the token will be launched on February 10

Odaily Planet Daily: The Base-based expansion platform B3.fun officially posted on X platform: "Players, if you have earned XP and BP, please check your Airdrop eligibility here: airdrop-verify.b3.fun. If you received future B3 token distributions from Blu 3 while using @bsmntdotfun, you can view your tips on bsmnt and claim them next week."

Subsequently, B3.fun announced again that the token will be launched on February 10.

February 11

Federal Reserve Chair Powell to testify before the Senate and deliver the semi-annual monetary policy statement

Odaily Planet Daily: At 23:00 Beijing time on February 11, Federal Reserve Chair Powell will testify before the Senate and deliver the semi-annual monetary policy statement.

BNBChain will launch an AI Agent competition on February 11 to uncover potential AI projects

Odaily Planet Daily: BNB Chain today announced the launch of the AI Agent competition, aiming to encourage innovation and uncover promising decentralized AI applications. The competition is in line with BNB Chain's AI First development direction.

The competition will have 8 rounds, and in each round, the best performing AI agents will be selected based on specific criteria, including market cap ranking, market cap growth, community member influence, and community engagement. The BNB Chain Foundation will use BNB to purchase $10,000 worth of the winning AI project tokens in each round, and distribute them through airdrops to 1,000 users holding those tokens. Competition details:

Competition time: February 11, 2025 to April 7, 2025, with multiple rounds.

Eligibility: All AI agents deployed on BNB Chain, with the leaderboard updated daily to track progress.

Winner benefits: Eligibility for the upcoming AI Fast Track program, market exposure opportunities, and marketing support.

Live leaderboard: The leaderboard will go live on February 6, 2025, providing key performance data for all participants.

February 12

The US will release January CPI data on February 12 at 21:30

Odaily Planet Daily: At 21:30 Beijing time on February 12 (Wednesday), the US will release January CPI data.

Powell to deliver the semi-annual monetary policy statement before the House Financial Services Committee

Odaily Planet Daily: At 23:00 Beijing time on February 11, Federal Reserve Chair Powell will deliver the semi-annual monetary policy statement before the House Financial Services Committee.

February 13

The US will release January PPI data on February 13 at 21:30

Odaily Planet Daily: At 21:30 Beijing time on February 13 (Wednesday), the US will release January PPI data.

Kraken will temporarily suspend trading of stablecoins such as USDT, PYUSD, EURT, TUSD in Europe starting from February 13

Odaily report: As the EU Crypto Asset Markets Regulation (MiCA) comes into full effect, the cryptocurrency exchange Kraken is preparing to delist several stablecoins for its European Economic Area (EEA) customers. The exchange announced that it will gradually remove margin trading restrictions on USDT, PYUSD, EURT, TUSD, and UST for EEA users starting from February 13. Spot trading will be discontinued on March 24, with open orders being canceled and assets no longer convertible to cryptocurrencies or fiat currencies. Kraken stated that this move ensures compliance with MiCA and allows the exchange to maintain long-term operations in Europe. (DLNews)

February 14

None

February 15

None

February 16

None

Source
Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
Like
1
Add to Favorites
1
Comments