This Week in Crypto: Binance to Delist AMB, CLV, STMX, VITE on February 24; Ethereum ACDE Meeting Plans to Activate Pectra Upgrade on the Holesky Testnet on February 24

Binance will stop trading and delist AMB, CLV, STMX, and VITE on February 24, 2025, at 11:00 (UTC+8).

February 24

Binance will delist AMB, CLV, STMX, VITE on February 24

Binance will stop trading and delisting AMB, CLV, STMX, and VITE on February 24, 2025, at 11:00 (UTC+8).

Bithumb plans to suspend services for about 6 hours on February 24 due to internal system upgrades

Bithumb announced that it will conduct internal system upgrades from 01:00 to 07:00 (KST) on February 24, 2025, during which all Bithumb services (Bithumb APP / mobile web / PC / API) will be suspended. The maintenance time may end earlier or be delayed.

To protect customers with open orders, orders may be canceled, so please cancel buy/sell orders as much as possible before the service check.

205th Ethereum ACDE Meeting: Plans to activate Pectra upgrade on the Holesky testnet on February 24

Christine Kim, Vice President of Galaxy Research, summarized the 205th Ethereum Core Developers Execution (ACDE) conference call, where developers expect that if the public testnet upgrade goes smoothly, Pectra will go live on the Ethereum mainnet around April 8; developers confirmed the timeline for the Ethereum public testnet upgrade, with the team scheduled to release the software to activate the Pectra upgrade on Holesky and Sepolia on February 24 and March 5, respectively; developers then discussed Beiko's proposal to lock the scope of the next Ethereum upgrade, Fusaka, before Pectra goes live on the Ethereum mainnet.

February 25

CoinList will launch Obol token sale on February 25

CoinList announced that it will open the Obol token sale, which is the foundation of an L1 blockchain and decentralized infrastructure network.

The purchase period for the Obol sale will start at 17:00 (UTC) on February 24, 2025, and end at 17:00 (UTC) on March 3, 2025.

The sale price is discounted by 30% compared to the $180 million FDV from the previous round of venture capital for Obol. This public sale is not available to users in the U.S., China, Canada, and certain other jurisdictions.

FX token will be renamed PUNDIAI on February 25, implementing a 100:1 supply reduction

The FX token will officially be renamed PUNDIAI at 10:00 AM (GMT+8) on February 25, 2025. This upgrade will be carried out automatically or manually depending on the blockchain where the token is located. FX on Pundi AIFX Omnilayer (formerly f(x)Core) will automatically upgrade, including both staked and non-staked tokens.

FX on the Base chain and Ethereum network will require a manual upgrade, and the upgrade page will be provided later, allowing users to bridge FX back to Pundi AIFX Omnilayer for automatic upgrades. Centralized exchanges participating in this upgrade will provide automatic upgrades; please pay attention to the exchanges for specific times.

Turkey will introduce stricter anti-money laundering regulations for cryptocurrencies on February 25

Turkey launched new cryptocurrency regulatory legislation in the last week of 2024, inspired by the proactive regulatory developments in major jurisdictions worldwide, including Europe.

According to the released documents, the new regulations require users conducting transactions exceeding 15,000 Turkish Lira (approximately $425) to provide their identity information to the country's cryptocurrency service providers.

This new anti-money laundering (AML) regulation aims to prevent money laundering and the financing of terrorism through cryptocurrency transactions, and it will take effect on February 25, 2025.

February 26

The U.S. Senate Banking Committee on Digital Assets will hold its first hearing on February 26

The U.S. Senate Banking Committee on Digital Assets will hold its first hearing on February 26, discussing "Exploring a Bipartisan Legislative Framework for Digital Assets."

February 27

Upbit: NFT services will be suspended for 2 hours on February 27

South Korean cryptocurrency exchange Upbit announced that due to planned database maintenance, NFT services will be suspended for 2 hours from 06:00 to 08:00 on February 27, during which deposits and withdrawals of Ethereum and Polygon-based NFTs will not be possible. Depending on market conditions, this maintenance may be postponed or canceled.

Kraken will shut down its NFT marketplace on February 27

Cryptocurrency exchange Kraken will close its NFT marketplace to free up resources for upcoming projects