As we shared on our Coin Engineer Telegram channel, it is expected to be an active week in the financial and crypto markets. While important economic data is released in Europe and the US, new crypto regulations are coming into force in our country. In addition, Binance’s delisting of some crypto assets and Ethereum’s release of the Pectra upgrade on the testnet are among the notable developments in the sector. Here are the highlights of the week and the details that investors should follow:
Monday, February 24, 2025
Annual Inflation Rate in the European Region to be Announced
On the first trading day of the week, the annual inflation rate of the European Region will be announced. This data, which may affect the monetary policy decisions of the European Central Bank (ECB), may cause significant fluctuations in the markets.
- Statement time: 13:00
- Expectation: 2.5%
- Previous: 2.4
Investors will closely monitor the inflation data to assess its impact on the ECB’s interest rate policies and the current state of the European economy.
Binance Delists 4 Cryptocurrencies
Binance announced that it will delist some crypto assets on the platform. As of February 24, STMX, VITE, CLV and AMB trading pairs will be delisted.
Traders holding the delisted assets are advised to terminate their trades and take necessary precautions. While there is no official explanation as to why Binance is delisting these assets, delist decisions are often made due to illiquidity, regulatory requirements or technical deficiencies of projects.
Ethereum Pectra Upgrade to Release on Testnet
Ethereum’s next major update, Pectra, will be released on the testnet. The upgrade aims to deliver performance and security improvements to the Ethereum network, while strengthening integration with Layer-2 solutions.
There is no exact date for when the Pectra update will be rolled out to the mainnet. However, if the testnet process is successfully completed, it is expected to offer important innovations for developers and users.
Tuesday, February 25, 2025
New Regulation on Crypto Transfers in Turkey Enters into Force
Sender and receiver information is becoming mandatory for deposits and withdrawals on Turkey-based cryptocurrency exchanges. This new regulation aims to increase financial transparency and prevent money laundering and illegal transactions.
Under this regulation, investors will have to verify their personal information when making inter-exchange transfers. Moreover, similar regulations are likely to come into force in the future, given that Turkish regulators have signaled to introduce more regulation in the sector.
Wednesday, February 26, 2025
NVIDIA to Announce Earnings Report
NVIDIA, one of the leading companies in artificial intelligence chips and graphics processing units (GPU), will announce its first quarter earnings report for 2024 after the US stock markets close.
Due to advances in artificial intelligence and mining, NVIDIA shares have gained momentum in recent years. Investors will be watching this report closely to learn more about the company’s financial condition and future growth strategies.
NVIDIA’s results could also impact the share performance of other major companies in the technology and artificial intelligence sector.
Thursday, February 27, 2025
US Gross Domestic Product (GDP) Data to be Announced
GDP data, which measures the growth performance of the US economy, may cause significant fluctuations in the markets. This data, which may have a direct impact on the Fed’s interest rate decisions, will be closely monitored by investors.
- Release time: 16:30
- Expectation: 2.3%
- Previous: 2.3
If the growth rate deviates from expectations, volatility in crypto and equity markets may increase.
US Unemployment Benefit Claims to be Announced
Unemployment data will be released in the US, showing the health of the labor market.
- Expectation: 220K
- Previous: 219K
The Fed considers unemployment data as an important indicator for its interest rate policy. A strengthening labor market could raise inflation risks and delay the Fed’s rate cut plans.
Friday, February 28, 2025
Turkey’s Gross Domestic Product (GDP) to be announced
GDP data, which provides information about Turkey’s economic growth performance, will be released.
- Explanation time: 10:00
- Previous: 2.1%
This data is critical to understand how the Turkish economy performed in the last quarter.
US Core Personal Consumption Expenditures Price Index to be announced
Core Personal Consumption Expenditures (PCE) Price Index, one of the most followed inflation indicators by the US Federal Reserve (Fed), will be released.
- Explanation time: 16:30
- Previous: 2.8
This data will be a critical indicator to understand whether inflationary pressure continues in the US. A higher-than-expected inflation data could delay the Fed’s rate cut plans and put selling pressure on the markets.
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