Key Forecast for Next Week
March 10
MegaETH will deploy its testnet on March 6 and start accepting user participation on March 10;
March 11
U.S. Congressman: Major Bitcoin policy announcements will be made next Tuesday;
March 12
The U.S. will release February CPI data on March 12 at 20:30;
From March 10 to March 16, more noteworthy events in the industry are as follows.
March 10
According to Odaily Planet Daily, Fox Business News reporter Eleanor Terrett disclosed that, according to three Senate aides familiar with the matter, 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.
Odaily Planet Daily reports that the Bitget Launchpool project ELX is now open for investment. As of the time of publication, the current BGB pool yield is reported at 108.75% APR, and the DEUSD 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).
Odaily Planet Daily reports that Movement released a video on X, seemingly hinting at the official launch of its public mainnet on March 10. Users inquired on Discord whether this means they can claim airdrop tokens on the mainnet that day, to which Movement team member Craesol replied "Later," indicating that users will still need to wait.
Previously, at the end of January, Movement launched its developer mainnet, and earlier this month, co-founder Rushi Manche stated that the public mainnet had been launched internally and would go live immediately after completing bridge security procedures.
MegaETH will deploy its testnet on March 6 and start 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 schedule: the testnet will be deployed on March 6, from March 6 to March 10, dedicated access support will be provided for application and infrastructure teams, and user participation will begin on March 10. The current testnet will provide users with a single-thread performance of 1.68 Ggas/second and an effective block time of 15 milliseconds, with more features to be expanded in the future. To reduce issues with public faucets, ETH from the testnet will be directly distributed to participants' wallets during the access phase (March 10).
Odaily Planet Daily reports that PancakeSwap announced that its simple staking product will be discontinued on March 10, 2025, at 8:00. Users are advised to withdraw their funds in a timely manner. This move aims to simplify the product and focus on providing more sustainable and impactful products for the community.
March 11
U.S. Congressman: Major Bitcoin policy announcements will be made next Tuesday
Odaily Planet Daily reports that U.S. Congressman Nick Begich from Alaska posted on the X platform stating, "Now is the time for the U.S. to become the first Bitcoin superpower; I am working on something big with (U.S. crypto-friendly Senator and Chair of the Senate Banking Committee on Digital Assets) Cynthia Lummis. Stay tuned for the reveal next Tuesday."
This news has been confirmed by a retweet from Cynthia Lummis.
Binance will delist multiple leveraged trading pairs on March 11, 2025
Odaily Planet Daily reports that 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 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 those tokens into the isolated margin account. On March 5, 2025, at 06:00 (UTC), Binance Margin will suspend the lending function for the aforementioned isolated leveraged trading pairs. On March 11, 2025, at 06:00 (UTC), Binance Margin will close users' positions, conduct 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 Margin. Users can still trade other available trading pairs on Binance Margin. Binance advises users to close positions or transfer assets from the margin account to the spot account before 06:00 (UTC) on March 11, 2025. Binance is not responsible for any potential losses.
March 12
The U.S. will release February CPI data on March 12 at 20:30
Odaily Planet Daily reports that 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 batch of important data before the Federal Reserve's next meeting on March 18-19. Previous non-farm payrolls have heightened concerns about the resilience of the U.S. economy. Morgan Stanley and Goldman Sachs have lowered their growth forecasts for the U.S. economy. If inflation remains strong, voices regarding stagflation in the U.S. will become louder.
Samourai Wallet pre-trial hearing will take place on March 12, 2025
Odaily Planet Daily reports that 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 a stablecoin "USDC" beta service on March 12
Odaily Planet Daily reports that Japan's financial giant SBI Group's crypto exchange SBI VC Trade announced on March 4 that it has completed the registration as the first "electronic payment method and transaction practitioner" related to stablecoin trading in Japan. After obtaining approval, the company will start processing the stablecoin "USDC" issued by U.S. Circle on March 12. However, this feature will currently be in a testing phase, with circulation limited to within the group. 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)
Modular blockchain network Hemi plans to launch its mainnet on March 12
Odaily Planet Daily reports that according to an official announcement, the modular blockchain network Hemi plans to launch its mainnet on March 12, 2025. Hemi completed a $15 million seed round of financing in September 2024, with participation from institutions such as Binance Labs, Breyer Capital, and Big Brain Holdings.
March 13
None
March 14
None
March 15
PENGU airdrop claim will end on March 15, 2025
Odaily Planet Daily reports that the deadline for claiming the airdrop of Pudgy Penguins token PENGU is March 15, 2025.
March 16
Ethereum Foundation: Applications for the 2025 academic grant round must be submitted by March 16
Odaily Planet Daily reports that according to official news, the Ethereum Foundation announced that applications for the 2025 academic grant round must be submitted by March 16, and will provide $2 million in funding to support cutting-edge research in areas such as protocol design, client engineering, and human and cultural studies.
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