🔎9 big things to watch this week

A compilation of crypto catalysts, airdrop strategies and alpha threads

Feb 17, 2025

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Earn up to 5% APY on BTC with Stacks’s sBTC!

GM friends.

Here’s what I’ll cover today:

9 crypto events I’m watching this week
This week’s airdrop opportunity
6 alpha threads

Let’s dive in👇

Crypto catalysts to watch this week

FTX’s cash repayments - FTX will start paying creditors ~$7 billion in cash on Feb. 18. A part of it will likely flow back into the market
Texas’s Strategic Bitcoin Reserve Bill - Texas’s Strategic Bitcoin Reserve Bill is set for a hearing on February 18
Jupiter's JUP buybacks - Jupiter's JUP buybacks start this week. 50% of the protocol fees will be used for its buyback program
$KAITO token launch - Rumors are circulating that $KAITO could go live this week. The first snapshot for its airdrop was taken today
Ton’s exclusive integration with Telegram - Ton will become the exclusive blockchain platform for Telegram's Mini Apps starting Feb. 21
Macro Events - US FOMC Minutes will be released on Feb. 20
MultiversX’s major AI product releases - MultiversX teased several AI product releases for the next few weeks
MELANIA token unlock - 40% of $MELANIA circ. supply will be unlocked on Feb. 18
Hyperliquid’s new spot trading pairs - Hyperliquid will soon add support for ETH and SOL spot trading

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What if you could earn a stable yield on your BTC?

Mark your calendars for Tuesday, February 25—that’s when Stacks will increase the cap for sBTC, allowing up to 2,000 sBTC to be minted on Stacks.

Stacks is one of the most popular Bitcoin L2s and sBTC is its decentralized, Bitcoin-backed asset, which is currently generating up to 5% APY.

Why use your BTC to mint sBTC?

High Yield - Stacks’s APY on BTC is higher than the APY offered by any other centralized platforms
High Security - sBTC is secured with a multisig by enterprise-grade validators and over 1,000 BTC has already been deployed into it
Various DeFi integrations - sBTC is built on Stacks L2, and can be used in Stacks’s DeFi ecosystem to earn more yield and airdrop points

Getting started is easy.

You just need to fund your Bitcoin Wallet (Xverse or Leathers) with BTC and go to https://stx.is/btcismore to convert it to sBTC. (starting on Feb. 25)

After you’ll do that, you can start using sBTC in Stacks DeFi.

For instance, you could lend it on Zest Protocol to earn an additional APY on top of your 5%, while also being able to borrow against your sBTC holdings.

Start getting paid for your BTC holdings with sBTC!

This Week’s Airdrop Opportunity🪂

DeFi App

Defi App is a DeFi SuperApp that went live a few days ago.

You can see it as an advanced DeFi wallet where you don’t have to worry about bridging or gas fees as the app handles these things on your behalf.

Its goal is to improve the on-chain UX. Using it, you can trade, earn, and lend while most blockchain complexities are abstracted away.

The project raised $4M in funding so far.

How to farm its airdrop:

Create an account on its website (using your wallet or your email)
Deposit some crypto or buy with your card directly on the platform
Start trading (you can do cross-chain swaps inside it without having to hold a certain token to pay gas fees)

Every on-chain trade you take using it earns you DeFi App points.

Currently, only the Swap feature is live, but Leveraged Trading & Earn features are also coming soon according to its team.

You can check it out here.