This Week's Key News Preview | The U.S. will release January CPI data; Kraken will suspend trading of stablecoins such as USDT and PYUSD in Europe
Highlights of the week from February 10 to February 16.Organizer: Fairy, ChainCatcher
Key News:
- Kraken will suspend trading of stablecoins such as USDT, PYUSD, EURT, TUSD in Europe starting February 13
- Layer3 gaming network B3 will launch B3 token and conduct airdrop on February 10
- The U.S. will announce the January unadjusted CPI year-on-year
- Binance will stop supporting DYDX token deposits and withdrawals on the Ethereum network (ERC20)
- Pundi AI announces that token FX will upgrade to PUNDIAI on February 10, 2025
February 10 (Monday)
Layer3 gaming network B3 will launch B3 token and conduct airdrop on February 10
According to Decrypt, the Layer3 gaming network B3, built on Base, announced on Friday that it will launch its recently announced B3 token on February 10, accompanied by an airdrop event. A snapshot of network activity will be taken before the planned "S1 airdrop," with more airdrops, tournaments, and gamified ways to earn B3 in the future. According to a post on the X platform, B3 stakers will receive certain benefits, including tokens for a dedicated gaming chain, early access to new games on the network, and other potential rewards.
The post also briefly outlined the tokenomics: 34.2% of the token supply will be allocated to the community and ecosystem, 23.3% to the team and advisors, 22.5% to support the B3 ecosystem's Player1 Foundation, and 20% reserved for investors. Tokens for investors, team members, and advisors will have a one-year lock-up period, after which they will be unlocked monthly over the next three years. The total supply of B3 has not yet been announced.
Pundi AI announces that token FX will upgrade to PUNDIAI on February 10, 2025
Pundi AI announced that token FX will upgrade to PUNDIAI on February 10, 2025, with a 100:1 token reduction. Users will have three years to complete the token upgrade. PUNDIAI token holders can stake on MarginX and Baklava Space.
Berachain Foundation: The second part of the airdrop will be distributed to wallets on February 10
The Berachain Foundation tweeted that the second part of the Berachain airdrop will be distributed to wallets on February 10. Top X yapper and Discord users (Berachain + Bong Bear NFT server). Participation indices using KaitoAI and Cookie3 data will identify Yappers.
Recipients of the RFB program (applications and communities). Over 200 ecosystem projects and community members received tokens through the foundation's RFB program. dApps must allocate 70% of their distribution for future mainnet rewards and liquidity incentives. Airdrop recipients must register their wallets by 11:59 PM EST on February 9 to receive their allocated tokens. Tokens will be claimable on February 10.
February 11 (Tuesday)
IDRISS will open airdrop token claims on Base at 7:59 on February 11
The Web3 social application plugin IDRISS will open airdrop token claims on Base at 7:59 on February 11. IDRISS DAO will allocate 20% of the IDRISS airdrop to early users, Gitcoin donors, supporters of the token sale, and active members of partner communities.
BNB Chain launches AI agent competition, starting on February 11
BNB Chain announced the launch of an AI agent competition aimed at encouraging innovation and discovering potential AI decentralized applications. The competition is designed to foster innovation and development in the AI field, aligning with BNB Chain's AI First development direction.
Competition period: February 11, 2025, to April 7, 2025, with multiple rounds.
February 12 (Wednesday)
The U.S. will announce the January unadjusted CPI year-on-year
The U.S. will announce the January unadjusted CPI year-on-year at 21:30 on February 12.
Binance will stop supporting DYDX token deposits and withdrawals on the Ethereum network (ERC20)
Binance will stop supporting DYDX token deposits and withdrawals on the Ethereum network at 10:00 on February 12, 2025 (UTC+8). After 10:00 on February 12, 2025 (UTC+8), DYDX tokens deposited via the Ethereum network will not be credited to users' accounts, which may result in asset loss.
February 13 (Thursday)
Kraken will suspend trading of stablecoins such as USDT, PYUSD, EURT, TUSD in Europe starting February 13
As the EU's crypto asset market regulation comes into full effect, 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.
Coinbase International will launch PENGU, POPCAT, and HNT contract trading
Coinbase International announced on the X platform that Coinbase International Exchange and Coinbase Advanced will launch PENGU, POPCAT, and HNT contract trading, with trading opening at 9:30 AM UTC on February 13, 2025, or thereafter.
February 14 (Friday)
UAE SCA releases regulatory draft for tokenization of securities and commodities, public feedback invited before February 14
The UAE Securities and Commodities Authority (SCA) has released a regulatory draft for tokenized securities and commodities and invites public feedback before February 14, 2025. According to the draft, securities tokens include equity tokens, bond tokens, and Islamic bond tokens, while commodity tokens include gold tokens, oil tokens, etc. These tokens are built on blockchain/DLT platforms and can be traded on virtual asset DLT platforms. Securities tokens and commodity tokens can only be traded and settled through markets or alternative trading systems, while bonds and Islamic bonds can be traded and settled over-the-counter.
February 15 (Saturday)
Telegram game TapSwap will launch its TAPS token on BNB Chain on February 14
The click-to-earn game TapSwap based on Telegram announced that its upcoming TAPS token will be launched on BNB Chain, rather than the originally planned TON network. The game was initially scheduled to complete its token airdrop in late January but recently stated that the token release was delayed based on advice from an unnamed "tier one" decentralized exchange to find better market conditions. However, after completing the first season of the game on February 6, the project decided to proceed with the token release on BNB Chain, which is expected to take place on February 14, according to a post on X earlier this week.
