This Week's Must-Watch | Powell Attends Senate Hearing; New CPI and PPI Data Released (2.10-2.16)

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1 year ago

This Week's Key Focus|Powell Attends Senate Hearing; New CPI and PPI Data Released (2.10-2.16)

This Week's Key Preview

February 10

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

B3.fun: Airdrop eligibility query website is now online, tokens will be launched on February 10

February 11

(23:00) Federal Reserve Chairman Powell will attend the Senate hearing and deliver his semiannual monetary policy testimony

February 12

(21:30) The U.S. will release January CPI data

(23:00) Powell will deliver his semiannual monetary policy testimony at the House Financial Services Committee

February 13

(21:30) The U.S. will release January PPI data on February 13 at 21:30

From February 10 to February 16, more noteworthy events in the industry are previewed below.

February 10

It is rumored that CME will launch XRP and SOL futures contracts as early as February 10, but official confirmation is still pending

Odaily Planet Daily reports that regarding "CME releasing a beta version of XRP and SOL futures on its Beta website," FOX Business reporter Eleanor Terrett posted on X stating: "A CME spokesperson clarified that these versions on its Beta website (usually used for draft simulations) were released in error. No official decision has been made regarding 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 a beta version has been released on the Beta website and has not appeared on the official site. They believe this event will soon receive official confirmation from CME, but they also expressed confusion as to why the beta version could be publicly accessed. Earlier market news indicated that CME futures for XRP and SOL would go live on February 10 after passing review.

Binance will start supporting Litentry (LIT) token swap and rebranding to Heima (HEI) on February 10

Odaily Planet Daily reports that according to an official announcement, Binance will support the token swap of Litentry (LIT) and rebranding to Heima (HEI). Specifically:

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

Binance will suspend LIT token deposits and withdrawals at 11:30 on February 10, 2025 (UTC+8). Additionally, Binance will open HEI token deposits at 15:00 on February 13, 2025 (UTC+8); Binance will announce the withdrawal opening time for HEI tokens after the token swap and rebranding are completed; after the token swap and rebranding are completed, Binance will no longer support LIT token deposits and withdrawals.

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

Odaily Planet Daily reports that the Berachain Foundation posted on X stating 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): Use KaitoAI and Cookie3 data to identify Yappers based on participation index. To check if you are eligible, connect to the airdrop eligibility query page via X and/or Discord.

For recipients of the RFB program (applications and communities): Over 200 ecological projects and community members have received token rewards through the foundation's RFB program. dApps must allocate 70% of their rewards for future mainnet rewards and liquidity incentives. To claim, click the "For RFB Recipients" button on the official airdrop eligibility query website and register using the X account used for their RFB application.

Airdrop recipients must register their wallets by 11:59 PM EST on February 9 to receive their allocation. Tokens will be available for claiming on February 10.

B3.fun: Airdrop eligibility query website is now online, tokens will be launched on February 10

Odaily Planet Daily reports that the Base-based expansion platform B3.fun has officially posted on the X platform stating: "Players, if you have received XP and BP, please check your airdrop eligibility here: airdrop-verify.b3.fun. If you received future allocations of B3 tokens from Blu3 while using @bsmntdotfun, you can check your tips on bsmnt and claim them next week."

Subsequently, B3.fun announced that tokens will be launched on February 10.

February 11

Federal Reserve Chairman Powell will attend the Senate hearing and deliver his semiannual monetary policy testimony

Odaily Planet Daily reports that at 23:00 Beijing time on February 11, Federal Reserve Chairman Powell will attend the Senate hearing and deliver his semiannual monetary policy testimony.

BNBChain will launch an AI agent competition on February 11 to discover potential AI projects

Odaily Planet Daily reports that BNB Chain today announced the launch of the AI Agent competition, aimed at encouraging innovation and discovering promising AI decentralized applications. This competition aims to promote innovation and development in the AI field, aligning with BNB Chain's AI First development direction.

The competition consists of 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 purchase $10,000 worth of tokens from the winning AI projects in each round using BNB and distribute them through airdrop to 1,000 users holding these tokens. Competition details:

Competition period: 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 participation in the upcoming AI fast-track program, market exposure opportunities, and marketing support.

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

February 12

The U.S. will release January CPI data on February 12 at 21:30

Odaily Planet Daily reports that at 21:30 Beijing time on February 12 (Wednesday), the U.S. will release January CPI data.

Powell will deliver his semiannual monetary policy testimony at the House Financial Services Committee

Odaily Planet Daily reports that at 23:00 Beijing time on February 11, Federal Reserve Chairman Powell will deliver his semiannual monetary policy testimony at the House Financial Services Committee.

February 13

The U.S. will release January PPI data on February 13 at 21:30

Odaily Planet Daily reports that at 21:30 Beijing time on February 13 (Wednesday), the U.S. will release January PPI data.

Kraken will suspend trading of USDT, PYUSD, EURT, TUSD, and other stablecoins in Europe starting February 13

Odaily Planet Daily reports that as the EU's crypto asset market regulation comes into full effect, the cryptocurrency exchange Kraken is preparing to delist several stablecoins for customers in the European Economic Area. The exchange announced that it will gradually lift margin trading restrictions on USDT, PYUSD, EURT, TUSD, and UST for EEA users starting February 13. Spot trading will cease on March 24, and open orders will be canceled, with assets no longer convertible to cryptocurrencies or fiat currencies. Kraken stated that this move ensures compliance with MiCA and allows it to maintain long-term operations in Europe. (DLNews)

February 14

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February 15

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February 16

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