News Preview:

  • The U.S. House of Representatives Financial Services Committee stated that the week of July 14 will be 'Crypto Week', during which several cryptocurrency bills will be reviewed.

  • Tornado Cash co-founder Roman Storm: The trial is expected to begin on July 14 in the Southern District of New York.

  • The U.S. House of Representatives' fundraising committee will discuss digital asset tax policies at a hearing on July 16.

  • Plasma: The public sale of XPL will start on July 17, and deposits and withdrawals will be locked on July 14.

  • DWF Labs CEO promises to announce the details of the crypto asset portfolio supporting the stablecoin USDf next week.

  • Official Trump (TRUMP) will unlock approximately 90 million tokens at 8:00 AM Beijing time on July 18, accounting for 45% of the current circulation, worth approximately $878 million.

  • Arbitrum (ARB) will unlock approximately 92.65 million tokens at 9:00 PM Beijing time on July 16, accounting for 1.87% of the current circulation, worth approximately $38.2 million.

July 14

Policy Regulation:

The U.S. House of Representatives Financial Services Committee: The week of July 14 will be 'Crypto Week', during which several cryptocurrency bills will be reviewed.

The U.S. House of Representatives Financial Services Committee GOP posted on platform X that its chairman French Hill, Agriculture Committee chairman GT Thompson, and House Republican leadership announced that the week of July 14 will be 'Crypto Week', during which they will review the (CLARITY Act), (Anti-CBDC Monitoring National Act), and (GENIUS Act).

The White House digital asset policy advisor stated that 'Crypto Week' will solidify America's role as a global cryptocurrency hub.

Exchange:

Binance Alpha will launch Chainbase (C) on July 14.

Binance Alpha will launch Chainbase (C) on July 14. Eligible users can claim airdrops on the Alpha event page using Binance Alpha points after trading begins.

Project Updates:

Tornado Cash co-founder Roman Storm: The trial is expected to begin on July 14 in the Southern District of New York.

Tornado Cash co-founder and developer Roman Storm stated in an interview published by Crypto In America that his U.S. criminal trial is expected to start on July 14 in the Southern District of New York. Storm stated that his legal team intends to respond to allegations of illegal profits made during his time at Tornado Cash during the trial. However, he declined to disclose whether he would testify in defense against charges of money laundering, conspiracy to operate an unlicensed money transmitting business, and conspiracy to violate U.S. sanctions.

Roman Storm's lawyer stated that if the judge allows a hacker who allegedly used the platform to testify, they may request a brief postponement of his upcoming criminal trial. Storm's defense team has applied to exclude this unnamed witness in the U.S. Southern District Court of New York, as the prosecution disclosed their identity only after the agreed deadline. The witness is alleged to be an implementer of a hacking incident, laundering funds through an Ethereum mixer to hide his whereabouts. Storm's lawyers believe that this testimony may provoke anger among jurors, unfairly influencing their views on the defendant. If the court rejects the exclusion motion, they reserve the right to apply for a postponement.

OpenZK Network will launch OZK staking on July 14.

OpenZK Network announced that it will launch OZK staking on July 14, allowing users to earn network rewards and empower OZK. The launch of the staking function will further enhance the functionality of OZK and effectively increase its use cases. At the same time, OpenZK announced that it is exploring a dual-token gas fee model, where users can use both ETH as network gas fees and OZK as network gas fees, with related development ongoing.

July 15

Project Updates:

Sonic: The first season $S airdrop claims will randomly open between July 15 and 22.

Sonic stated on platform X that the first season $S airdrop claims will randomly open between July 15 and 22.

Sunrise has opened the claim channel for the $RISE airdrop, which must be completed by July 15 and will occur in Q3 TGE.

The dedicated DA layer protocol Sunrise announced that the $RISE airdrop claim activity has started, eligible users must complete the claim by 7:59 AM Beijing time on July 15. The airdrop targets include Gluon / UnUniFi (GUU) stakers, Celestia / LST ($milkTIA + $stTIA) stakers, Sunrise testnet users, Galxe/Cubquest/Intract task participants, as well as multiple NFT holders, with the specific list confirmed through snapshot. The claimed $RISE tokens cannot be transferred or traded until after the mainnet and TGE in Q3 2025.

It is reported that the dedicated DA layer protocol Sunrise announced the completion of a $3 million seed round financing on June 4, with investments from Decima, Animoca Brands Japan, Hyperithm, Cogitent Ventures, MZ Web3 Fund, V3V Ventures, Connectico Capital, MH Ventures, and others.

Token Unlock:

Sei (SEI) will unlock approximately 55.56 million tokens at 8:00 PM Beijing time on July 15, accounting for 1.00% of the current circulation, worth approximately $18 million.

Starknet (STRK) will unlock approximately 127 million tokens at 8:00 AM Beijing time on July 15, accounting for 3.53% of the current circulation, worth approximately $17.6 million.

July 16

Policy Regulation:

The U.S. House of Representatives' fundraising committee will discuss digital asset tax policies at a hearing on July 16.

Next week, the U.S. House of Representatives will hold 'Cryptocurrency Week' activities to delve into digital asset policies, with the tax policy committee focusing on cryptocurrency taxation. Jason Smith, chairman of the House fundraising committee, stated that the oversight subcommittee will hold a hearing on July 16 to discuss proactive measures for establishing a framework for digital asset tax policy.

Following cryptocurrency market and stablecoin regulation, cryptocurrency taxation is expected to become the next major topic in Congress, with two legislative actions possibly next week, including a House vote on the Senate-passed stablecoin issuer regulatory bill. Currently, there is uncertainty regarding U.S. cryptocurrency taxation, complicating calculations for investors. Last week, Senator Cynthia Lummis proposed a new bill suggesting tax exemptions for small transactions and eliminating double taxation. The current intentions of the House are unclear, but the Republican-led committee is seeking friendly policies.

Project Updates:

Tuttle has submitted an amendment to change the effective date of a batch of 2x leveraged cryptocurrency ETFs to July 16.

Bloomberg senior ETF analyst Eric Balchunas stated on platform X that Tuttle has submitted an amendment to change the effective date of a batch of 2x leveraged cryptocurrency/Meme coin ETFs to July 16. This does not mean they will definitely launch, but generally, the effective date is the launch date of the ETF, and given the listing of $SSK, it is likely that others (similar products) will follow.

Token Unlock:

Arbitrum (ARB) will unlock approximately 92.65 million tokens at 9:00 PM Beijing time on July 16, accounting for 1.87% of the current circulation, worth approximately $38.2 million.

July 17

Project Updates:

Plasma: The public sale of XPL will start on July 17, and deposits and withdrawals will be locked on July 14.

The stablecoin project Plasma tweeted that the public sale of XPL will officially start on July 17. The platform will lock deposits and withdrawals on July 14 (72 hours before the sale), and users will not be able to withdraw funds at that time. The official reminder is that vault deposits cannot be used for this sale, so please prepare available funds in advance. All deposits will be locked for at least 40 days after the sale ends.

Caldera airdrop pre-claim will end on July 17.

The Ethereum Rollup deployment platform Caldera has opened the pre-claim channel for airdrops, eligible wallets must complete the pre-claim process before 12:00 AM (UTC) on July 17 to receive the airdrop.

Token Unlock:

UXLINK (UXLINK) will unlock approximately 37.5 million tokens at 8:00 AM Beijing time on July 17, accounting for 9.17% of the current circulation, worth approximately $14.2 million.

Solv Protocol (SOLV) will unlock approximately 252 million tokens at 6:00 PM Beijing time on July 17, accounting for 17.03% of the current circulation, worth approximately $11.3 million.

ApeCoin (APE) will unlock approximately 15.6 million tokens at 8:30 PM Beijing time on July 17, accounting for 1.95% of the current circulation, worth approximately $10.3 million.

ZKsync (ZK) will unlock approximately 173 million tokens at 4:00 PM Beijing time on July 17, accounting for 2.41% of the current circulation, worth approximately $9.6 million.

July 18

Token Unlock:

Official Trump (TRUMP) will unlock approximately 90 million tokens at 8:00 AM Beijing time on July 18, accounting for 45% of the current circulation, worth approximately $878 million.

Cloud (CLOUD) will unlock approximately 125 million tokens at 11:00 PM Beijing time on July 18, accounting for 37.92% of the current circulation, worth approximately $10.3 million.

Melania Meme (MELANIA) will unlock approximately 26.25 million tokens at 8:00 AM Beijing time on July 18, accounting for 4.07% of the current circulation, worth approximately $5.2 million.

July 19

None

July 20

Project Updates:

Balance Foundation: The EPT airdrop claims will last until July 20.

According to an announcement from the Balance Foundation, the EPT airdrop will open for claims on April 21 at 8:00 PM (Beijing time), and users can check their eligibility and claim rewards through the official website. The claim window will last until July 20 at 8:00 PM.

Specific time to be determined

Project Updates:

DWF Labs CEO promises to announce the details of the crypto asset portfolio supporting the stablecoin USDf next week.

DWF Labs CEO Andrei Grachev promised to announce the details of the $630 million crypto asset portfolio supporting the stablecoin USDf next week. The stablecoin is issued by Falcon Finance and briefly decoupled to $0.992 on July 7. USDf maintains its peg through crypto assets and trading profits; its website indicates that its $630 million reserves support the current 550 million circulating tokens, but 96% of the assets ($607 million) are held with off-chain custodians like Binance, with only 4% verifiable on-chain.

Grachev revealed that 89% of the reserves are stablecoins and Bitcoin, and 11% are other cryptocurrencies, with all assets hedged through perpetual contracts. Currently, auditing firm Harris & Trotter only publishes the custody amount daily and does not disclose the specific asset composition. Falcon stated it is preparing an ISAE 3000 audit report, but this standard does not cover financial information audits. Critics question USDf's reliance on illiquid assets, as concentrated sell-offs could trigger depreciation. LlamaRisk previously reported that Falcon has absolute control over reserve assets, and some collateral has a market value that is too low, posing liquidation risks. Grachev emphasized that USDf maintains its peg through market-neutral strategies and arbitrage mechanisms, allowing traders to engage in risk-free arbitrage during price fluctuations.