Next weeks highlights
February 17
February 18
The Consensus conference will be held in Hong Kong from February 18-20 ;
Bahamian FTX creditors with claims of up to $50,000 will receive repayments starting February 18 ;
February 20
The Federal Reserve released the minutes of its January monetary policy meeting ;
February 22
February 23
ETHDenver 2025 will be held in Denver from February 23 to March 2 ;
From February 17 to February 23, more noteworthy events in the industry are previewed below.
February 17
US stocks will be closed for one day next Monday, and CME futures contract trading will end early
Odaily Planet Daily News: Due to the Presidents Day, the U.S. stock market will be closed for one day on February 17 (Monday). CMEs precious metals and U.S. crude oil futures contracts will end in advance at 03:30 on the 18th Beijing time, and stock index futures contracts will end in advance at 02:00 on the 18th Beijing time. (Jinshi)
Odaily Planet Daily News: Jupiter officially announced on X that 50% of all protocol fees will be used to repurchase JUP and locked for 3 years. The repurchase will start from next Monday.
To ensure transparency of token repurchase transactions, Jupiter announced that it plans to launch a dashboard next week to disclose transaction data.
Binance will remove multiple margin trading pairs on February 17, 2025
Odaily Planet Daily News According to the official announcement, Binance will remove the following margin trading pairs at 06:00 (UTC) on February 17, 2025: Full-position trading pairs: HMSTR/FDUSD, SAGA/BTC; Isolated-position trading pairs: HMSTR/FDUSD, ILV/BTC, LTO/BTC, MDT/BTC, SAGA/BTC. Users must close the positions of the relevant margin trading pairs before 06:00 (UTC) on February 17, 2025, and transfer assets to the spot account. Binance will suspend the lending function of the above-mentioned isolated-position trading pairs at 06:00 (UTC) on February 12, 2025. (This newsletter is generated by AI)
Musk: Grok 3 will be released next Monday at 8 pm Pacific Time
Odaily Planet Daily reported that Musk posted on X that Grok 3 will be released at 8 pm Pacific Time next Monday (12 noon Beijing Time the next day) and will be demonstrated live. He also said that this will be the smartest artificial intelligence on earth.
He added that he will be working with the team to polish the product over the weekend, so it will be offline until then.
February 18
The Consensus Conference will be held in Hong Kong from February 18 to 20.
Odaily Planet Daily News: The 2025 Consensus Conference will be held in Hong Kong from February 18 to February 20.
Bahamian FTX creditors with claims of up to $50,000 will receive repayments starting February 18
Odaily Planet Daily reported that according to a statement on Tuesday, in the repayment process in the Bahamas, FTX Digital Markets creditors (ie Convenience Class creditors) with claims of up to US$50,000 will begin receiving repayments on February 18.
Creditors will receive an annual interest rate of 9% based on the value of their claims on November 11, 2022, marking the first repayment of funds to creditors in many years following the companys restructuring and creditor repayment proposal.
In November 2024, FTX Estate estimated that repayments to creditors with claims less than $50,000 would begin in March 2025, with an expected compensation amount of approximately 118%.
FTX Digital Markets liquidator, PricewaterhouseCoopers, has said that non-Convenience Class creditors are expected to receive repayments in the second fiscal quarter of this year, and digital asset custodian BitGo will process these repayments for individuals, institutions and other creditors and send them in US dollars. (The Block)
Odaily Planet Daily News: Coinbase subsidiary Coinbase Derivatives has submitted regulatory documents on Thursday, planning to launch new futures contracts for Solana (SOL) and Hedera (HBAR) on or after February 18. These contracts will be cash-settled and settled on a monthly basis.
Odaily Planet Daily reported that according to official news, BNB Chain will launch a Meme coin liquidity support plan with the first round of support funds of up to 4.4 million US dollars. The starting time is February 18, 2025, and the daily competition time is 8 am Beijing time to 8 am the next day (24 hours); the weekly competition time is 8 am on February 18, 2025 to 8 am on February 24, 2025 Beijing time.
February 19
None
February 20
The Federal Reserve released the minutes of its January monetary policy meeting
Odaily Planet Daily News: At 03:00 on February 20 (Thursday) Beijing time, the Federal Reserve released the minutes of its January monetary policy meeting, further providing the market with clues about interest rate cuts.
Morphs points event will last until February 20, 2025
Odaily Planet Daily News: The points activity of the consumer-grade public chain Morph will last until February 20, 2025. 10% of its tokens will be used for community airdrops and ecological activity growth, with a total of 1.6 million points provided. The activity will last until February 20, 2025. Users can obtain points by cross-chain assets, paying gas fees, and inviting new users.
February 21
The fifth phase of the BNBChainTVL incentive program ended on February 21
Odaily Planet Daily News: The fifth phase of the BNBChainTVL incentive plan ended on February 21. The BNBChain Foundation will provide the top five staking or re-staking agreements with up to 5% of the newly added TVL (only Staked BNB is calculated) of BNB, which will be invested in the winning ecological projects in the form of staking support. Each agreement can receive up to 20,000 BNB staking support from the BNBChain Foundation. The total staking support for the entire event is capped at 50,000 BNB. The staking support lock-up period is 1 to 3 months, and the income from the staking support in the event will be returned to the community users in the form of market activities or airdrops in the future.
February 22
EigenLayer and Eliza Labs will host an AI Agent Hackathon from February 22 to March 3
Odaily Planet Daily News: EigenLayer will cooperate with Eliza Labs to hold an AI agent hackathon from February 22 to March 3 in downtown Denver.
February 23
ETHDenver 2025 will be held in Denver from February 23 to March 2
Odaily Planet Daily News: ETHDenver 2025 will be held in Denver, USA from February 23 to March 2, 2025.
Others (specific time undetermined)
Odaily Planet Daily reported that zkLend officials stated that since the hacker did not contact the project party before the deadline, the zkLend team has submitted an incident report to the Hong Kong Police, FBI and Department of Homeland Security and initiated an investigation.
Investigations have shown that the hacker is related to previous attacks on other DeFi protocols. The project has monitored the flow of funds and identified multiple related wallet addresses, and the relevant information has been submitted to centralized exchanges. zkLend will announce a fund recovery and release plan next week, and the security team is preparing a post-analysis report.
