Cryptocurrency Weekly Update

The cryptocurrency market was impacted by significant events this week, including the release of the Fed minutes and the hacking of Bybit by North Korean hackers, resulting in a loss of $1.5 billion in Ethereum.

Despite a 1.78% drop in Bitcoin’s price over the week, Ethereum interestingly gained 4.20% despite the hack.

Several developments in the cryptocurrency space are anticipated in the coming week. Below is the weekly crypto calendar prepared for you by Bitcoinsistemi.com.

(All times are in UTC+3 Türkiye time)

Monday, February 24

• Three years since the start of the Russia-Ukraine war.
• Ethereum will enable the Pectra update on the Holesky testnet.
• Binance will delist AMB, CLV, STMX, and VITE trading pairs.
• Bithumb will temporarily suspend service for 6 hours for internal maintenance.
• 13:00 – Euro Zone Consumer Price Index (CPI) Annual (Expectation: 2.5%, Previous: 2.5%)

Tuesday, February 25

• FX will rebrand as PUNDIAI.
• VitaDAO will launch a new token on Pump Science.
• CoinList will commence the sale of the Obol token.
• BNB Chain will fork Pascal on the testnet with the mainnet expected to open mid-March.
• AltLayer (ALT) will unlock about 2.4 billion tokens (9.41% of the circulating supply).

Wednesday, February 26

• Nvidia’s earnings report is due, crucial for AI-themed altcoins.
• The U.S. Senate will hold its first bipartisan hearing on digital asset legal frameworks.

Thursday, February 27

• Sonic mainnet version will launch.
• Upbit will suspend NFT services for 2 hours for maintenance.
• Kraken will permanently shut down its NFT marketplace.
• ZK Nation will finalize voting on new management contracts.
• 16:30 – US Gross Domestic Product (GDP) Quarterly (Expected: 2.3%, Previous: 2.3%)
• 16:30 – US Initial Jobless Claims (Expected: 220k, Previous: 219k)

Friday, February 28

• Brazil’s Central Bank may prohibit stablecoin withdrawals from exchanges to personal wallets; public consultation ends today.
• Teleport, the decentralized app on Solana, will officially shut down.
• Metaplanet will join the MSCI Japan index.
• Optimism (OP) will unlock approximately 31.34 million tokens, worth about $36.7 million.
• 16:30 – US Core Personal Consumption Expenditures (PCE) Price Index Monthly (Expected: 0.3%, Previous: 0.2%)
• 16:30 – US Core Personal Consumption Expenditures (PCE) Price Index (YoY) (January) (Previous: 2.8%)

Saturday, March 1st

• Arkham Exchange will launch spot trading in the US (including 17 states).
• 11.2 million SOL (~$2.06 billion) will be unlocked from the FTX bankruptcy.

This is not investment advice.