👀👀 This Week's Must-Watch | Market Focus on February CPI Data; Movement Public Mainnet Launch (March 10-16)
🔥 Key Announcements
March 10
Republican members of the U.S. Senate Banking Committee are planning to review the stablecoin bill during the week of March 10;
Movement may launch its public mainnet on March 10, with mainnet token distribution expected to take longer;
MegaETH will deploy its testnet on March 6 and begin accepting user participation starting March 10;
March 11
U.S. House Representatives: Major Bitcoin policy announcements will be made next Tuesday;
March 12
The U.S. will release the February CPI data on March 12 at 20:30;
From March 10 to March 16, there are more events in the industry worth noting as follows. ⬇️⬇️
March 10
Republican members of the U.S. Senate Banking Committee are planning to review the stablecoin bill during the week of March 10.
Odaily Planet Daily reports that according to Fox Business News reporter Eleanor Terrett, Republican members of the Senate Banking Committee are considering reviewing and amending the stablecoin bill (GENIUS Act) proposed by Senator Hagerty during the week of March 10, based on information from three Senate aides familiar with the matter.
Bitget Launchpool project $ELX is now open for investment, with the lock-up period ending on March 10 at 18:00.
Odaily Planet Daily reports that the Bitget Launchpool project ELX has opened for investment. As of the time of writing, the current BGB reward pool yield is reported at 108.75% APR, and the DEUSD reward pool yield is reported at 142.43% APR. The lock-up period is from March 7 at 18:00 to March 10 at 18:00 (UTC+8).
Movement @movementlabsxyz may launch its public mainnet on March 10, but mainnet token distribution is expected to take longer.
Odaily Planet Daily reports that Movement released a video on X, seemingly announcing that it will officially launch its public mainnet on March 10. A user inquired on Discord whether this means users can claim the airdrop tokens on that day, to which Movement team member Craesol replied "Later," indicating that users will need to wait.
Earlier, at the end of January, Movement launched its developer mainnet. Earlier this month, Movement co-founder Rushi Manche mentioned that the public mainnet has been internally launched and will be immediately launched after completing bridge security procedures.
MegaETH @megaeth_labs will deploy its testnet on March 6 and begin accepting user participation on March 10.
Odaily Planet Daily reports that MegaETH announced on the X platform that this week is the testnet launch week, with the following specific arrangements: the testnet will be deployed on March 6, from March 6 to March 10, exclusive access support will be provided to application and infrastructure teams, and it will begin accepting user participation on March 10. The current testnet will provide users with single-thread performance of 1.68 Ggas/second and an effective block time of 15 milliseconds, with plans to expand more features in the future. To reduce issues with public faucets, testnet ETH will be directly distributed to participants' wallets during the access phase (March 10).
PancakeSwap @PancakeSwap will discontinue its simple staking product on March 10, 2025, and users need to withdraw promptly.
Odaily Planet Daily reports that PancakeSwap announced its simple staking product will go offline at 8:00 on March 10, 2025, and users are advised to withdraw their funds in a timely manner.This initiative aims to simplify products and focus on providing the community with more sustainable and impactful offerings.
March 11
U.S. Congressman: Major Bitcoin policy announcement next Tuesday
According to Odaily Planet Daily, Nick Begich, a U.S. Congressman from Alaska, posted on the X platform stating, "Now is the time for the United States to become the world's first Bitcoin superpower; I'm working on something big with (crypto-friendly U.S. Senator and Chair of the Senate Banking Committee's Digital Assets Subcommittee) Cynthia Lummis. Stay tuned for the reveal next Tuesday."
This news has been confirmed by a retweet from Cynthia Lummis.
Binance @binance will delist multiple leveraged trading pairs on March 11, 2025
According to an official announcement, Binance Margin will delist the following leveraged trading pairs on March 11, 2025, at 06:00 (UTC): Cross Margin Trading Pair: CATI/FDUSD; Isolated Margin Trading Pairs: ATA/BTC, CATI/FDUSD, XAI/FDUSD.
From the time of the announcement, users will not be able to transfer assets of the aforementioned trading pairs into the isolated margin account through manual transfer or automatic transfer modes. If users have outstanding liabilities for the aforementioned tokens, they can only manually transfer assets not exceeding the amount of liabilities for that token into the isolated margin account. On March 5, 2025, at 06:00 (UTC), Binance Margin will suspend the lending functionality for the aforementioned isolated margin trading pairs. On March 11, 2025, at 06:00 (UTC), Binance Margin will close users' positions for automatic settlement and cancel all orders for the aforementioned cross margin and isolated margin trading pairs. These trading pairs will then be removed from Binance leverage. Users can still trade other available trading pairs on Binance Margin. Binance advises users to close their positions or transfer assets from the leverage account to the spot account before March 11, 2025, at 06:00 (UTC) to avoid any potential losses.
March 12
The U.S. will announce February CPI data on March 12 at 20:30
According to Odaily Planet Daily, the most important economic data for the upcoming week is the U.S. February CPI inflation report to be released on Wednesday. This inflation report will be the last significant data before the Federal Reserve's next meeting on March 18-19. The previous non-farm payroll has intensified concerns about the resilience of the U.S. economy. Morgan Stanley and Goldman Sachs have lowered their growth expectations for the U.S. economy. If inflation remains strong, the voices claiming stagflation in the U.S. will grow louder.
Samourai Wallet pre-trial hearing will take place on March 12, 2025
According to Odaily Planet Daily, the pre-trial hearing related to the Bitcoin privacy wallet Samourai Wallet has been postponed from December 17 to March 12, 2025, a delay of 90 days, with the trial date set for November 3, 2025.
SBI's crypto exchange SBI VC Trade will launch beta services for the stablecoin "USDC" on March 12
According to Odaily Planet Daily, Japan's financial giant SBI Group's crypto exchange SBI VC Trade announced on March 4 that it has completed the registration as a "transaction practitioner related to electronic payment methods" for stablecoin trading, becoming the first in Japan. Upon approval, the company will start processing the stablecoin "USDC" issued by U.S. Circle on March 12. However, this feature will currently be in beta testing and will be limited to internal group use. With this latest approval, SBI VC Trade now holds three licenses: cryptocurrency exchange business, Type I financial instruments business, and electronic payment tools trading business. (Coindesk)
The modular blockchain network Hemi plans to launch its mainnet on March 12
According to an official announcement, the modular blockchain network Hemi has announced plans to launch its mainnet on March 12, 2025. Hemi completed a $15 million seed round financing in September 2024, with participation from institutions such as Binance Labs, Breyer Capital, and Big Brain Holdings.
March 13
No updates
March 14
No updates
March 15
$PENGU airdrop claims will end on March 15, 2025
According to Odaily Planet Daily, the claim deadline for the airdrop of the Pudgy Penguins token PENGU is March 15, 2025.March 16,
Ethereum Foundation: Applications for the 2025 Academic Grant Round Must Be Submitted Before March 16
Odaily Planet Daily News - According to official news, the Ethereum Foundation has announced that applications for the 2025 academic grant round must be submitted before March 16. A total of 2 million USD will be provided to support cutting-edge research in the areas of protocol design, client engineering, and humanities.