Must-watch next week | The Federal Reserve announces its interest rate decision; the first roundtable meeting of the SEC Crypto Working Group is held (3.17-3.23)

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Azuma
1 days ago
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CME Group plans to launch SOLANA (SOL) futures on March 17.

Must-watch next week | The Federal Reserve announces its interest rate decision; the first roundtable meeting of the SEC Crypto Working Group is held (3.17-3.23)

Next weeks highlights

March 17

CME Group plans to launch SOLANA (SOL) futures on March 17 ;

Ethereum will launch the Hooli testnet on March 17 ;

KiloEx will conduct a TGE on March 17 ;

March 20

(2:00) The Federal Reserve announces its interest rate decision, followed by Powell’s press conference ;

March 21

The U.S. SEC’s cryptocurrency working group plans to hold a roundtable meeting with industry participants, with the first meeting scheduled for March 21 ;

March 23

Ethena Labs’ third season airdrop event will last until March 23 ;

Others (specific time undetermined)

Farcaster founder: Will cooperate with projects that want to provide airdrops to users, the first airdrop will be carried out next week ;

From March 17 to March 23, more noteworthy events in the industry are previewed below.

March 17

CME Group to Launch SOLANA (SOL) Futures on March 17

Odaily Planet Daily News: CME plans to launch SOLANA (SOL) futures on March 17.  

Ethereum to launch Hooli testnet on March 17

Odaily Planet Daily News Ethereum core developers announced that the new test network Hooli will be launched on March 17 for the final test of Pectra upgrade, with the goal of deploying it to the main network in late April to early May. Previously, Pectra failed to test on the Sepolia and Holesky test networks due to configuration errors, and Holesky was down for several weeks. Hooli will conduct a test upgrade of Pectra on March 26. If successful, the developers plan to launch the main network upgrade 30 days later.

KiloEx will hold TGE on March 17

Odaily Planet Daily News: KiloEx, a perpetual contract DEX invested by YZi Labs, announced on the X platform that its TGE will be held on March 17. Details on the airdrop rules and eligibility criteria will be announced soon.

Cronos proposal to restore 70 billion CRO tokens will be determined on March 17

Odaily Planet Daily News Layer 1 blockchain Cronos proposal to restore the 70 billion CRO tokens destroyed in 2021 is expected to end on March 17. Previously, Cronos proposed to reissue 70 billion destroyed tokens to create the Cronos Strategic Reserve.

March 18

Initia wallet extension will be deactivated on March 18, users need to migrate data

Odaily Planet Daily News: Initia officially announced that it will stop using the Initia wallet browser extension. Users must complete the wallet migration before UTC 3: 00 on March 18, otherwise they will not be able to access the test network data, including the test network Jennie token and related data. Migration can be done through the official website.

In the future, Initia will give priority to the development of the wallet widget function, allowing users to connect existing EVM or Cosmos wallets to Interwoven Rollups of different virtual machines.  

Parallel TCG will launch a mobile version on March 18

Odaily Planet Daily News AI blockchain game project Parallel Yu X said that Parallel TCG (Trading Card Game) will launch a mobile version on March 18. Users will be able to download it on Apple App Store and Google Play. The team has now opened a pre-registration channel.

March 19

WazirX: Will vote on proposed restructuring plan between March 19 and March 28

Odaily Planet Daily News: Indian crypto exchange WazirX posted on the X platform that the next key step is to vote on the proposed restructuring plan. Voting period: scheduled to be held from March 19 to March 28, 2025. Distribution after asset rebalancing: After the rebalancing is completed, if the majority of creditors vote in favor, approximately 85% of their account balances (value as of 1 pm Indian Standard Time on July 18, 2024) will be distributed to the scheme creditors within 10 business days after the restructuring plan takes effect.

Babylon Foundation: Airdrop registration deadline extended to March 19

Odaily Planet Daily reported that the Babylon Foundation posted on the X platform that since many users have only recently been able to register for the airdrop, the airdrop registration deadline will be extended by 4 days to 8 am UTC on March 19.

March 20

The Federal Reserve announced its interest rate decision and Powell held a press conference

Odaily Planet Daily News: At 2:00 am Beijing time on March 20, the Federal Reserve FOMC will announce its interest rate decision and a summary of economic expectations. Then at 2:30 pm, Federal Reserve Chairman Powell will hold a monetary policy press conference.

Nvidia marks March 20 this year as its first Quantum Day

Odaily Planet Daily News: Nvidia, an American chip company, announced that it will set March 20 this year as the first Quantum Day in order to strengthen cooperation with partners and promote the development of quantum computing technology. Nvidias official blog wrote on the 15th that the companys CEO Huang Renxun will have dialogues with several heavyweight quantum technology company executives on Quantum Day to discuss the present and future of quantum technology. Relevant companies include Alice and Bob, Atomic Computing, IonQ and D-Wave. According to the US Benzinga News Network, the first Quantum Day coincided with the Nvidia Graphics Processor Technology Conference in San Jose, California. This technology conference will focus on the rapid progress in the field of quantum computing. (Jinshi)  

BNB Chain will hold a Pascal hard fork upgrade on March 20 to support EIP-7702

Odaily Planet Daily News BNB Chain will conduct a mainnet Pascal hard fork on March 20, 2025 to improve EVM compatibility and become one of the first public chains to adopt EIP-7702. This upgrade will introduce features such as Gas abstraction, EOA wallet smart contract, and batch transactions, providing users with a smoother experience and bringing greater flexibility to developers.

Through the EIP-7702 proposal, BNB Chain will allow externally owned accounts (EOA) to temporarily have smart contract functions during transactions while maintaining account security. This upgrade will significantly lower the threshold for users to enter Web3. For example, the gas fee abstraction allows users to complete on-chain interactions without holding native tokens for gas fees in their accounts; at the same time, dApps are allowed to sponsor gas fees for users, batch transactions and other functions to enhance the user on-chain experience.

March 21

The U.S. SEC’s cryptocurrency working group plans to hold roundtable meetings with industry participants, with the first meeting scheduled for March 21.

Odaily Planet Daily reported that according to an article published by Fox Business reporter Eleanor Terrett on the X platform, two people familiar with the matter said that the US SECs cryptocurrency working group will hold a series of roundtable meetings with industry participants, with the theme of Spring Sprint Towards Crypto Clarity. The first roundtable is scheduled for March 21 at the SEC office in Washington, DC. The theme of the first meeting may be Defining Security Status.  

BNB Chain: TVL incentive program will be extended for 1 month to March 21

Odaily Planet Daily News: BNB Chain announced on the X platform that the TVL Incentive Program will be extended by one month, and the new deadline is March 21, 2025.

March 22

None

March 23

Ethereum Foundation extends application deadline for 2025 academic grant program to March 23

Odaily Planet Daily reported that the updated information on the Ethereum Foundation website shows that the application submission date for the 2025 academic funding program has been extended to 23:59 AoE time on March 23. It is reported that a total of US$2 million in funds are available in this round of funding to support academic work related to Ethereum.  

Ethena Labs Season 3 airdrop event will last until March 23

Odaily Planet Daily reported that Ethena Labs third season airdrop event will last for 6 months, until March 23, 2025.

Others (specific time undetermined)

Farcaster founder: We will cooperate with projects that want to provide airdrops to users, and the first airdrop will be carried out next week

Odaily Planet Daily News Farcaster founder Dan Romero said that Farcaster will cooperate with developers/projects that want to provide airdrops to users. After joining, users can perform the required actions (using frameworks, participating in channels, etc.) and establish a good user reputation to receive airdrops in the future. Ultimately, developers can decide on target users (data is permissionless), and the first airdrop will be carried out next week.

Dan Romero added that it is important to be clear that the airdrop comes from a framework built by ecosystem developers (not Farcaster).

Original article, author:Azuma。Reprint/Content Collaboration/For Reporting, Please Contact report@odaily.email;Illegal reprinting must be punished by law.

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