1. Large unlock tokens this week
In the next 7 days, there will be large one-time unlocks (unlock amounts greater than $5 million) for FTN APT ARB AVAX SEI STRK LAYEY CYBER ZK, etc.; in the next 7 days, there will be linear large unlocks (daily unlock amounts greater than $1 million) for SOL WLD TIA DOGE TAO AVAX SUI DOT IP MORPHO SEI ETHFI JTO ENS, etc., with a total unlock value exceeding $653 million.
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2. Trump Media Technology Group submitted a Bitcoin ETF amendment registration statement to the SEC.
Trump Media & Technology Group (DJT) announced that it submitted the first revised registration statement for the Truth Social Bitcoin spot ETF to the U.S. SEC, planning to launch it within the year. This ETF will directly hold Bitcoin, with custody by Crypto.com, and the product code is B.T., expected to be listed on NYSE Arca. Yorkville America Digital serves as the issuer, and the registration document and 19b-4 document are still pending approval.
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3. QCP: CPI will be key for Bitcoin to hit new highs, with intensified market long-short hedging.
QCP Capital pointed out that BTC broke through $122,000, ETH rose over 21% to $4,300 in seven days, with market focus turning to Tuesday's U.S. CPI data. If inflation slows, it will solidify expectations for a rate cut by the Fed in September, potentially pushing BTC to new highs. Despite strong upward momentum, traders are actively hedging downside risks, leading to increased volatility. Whether BTC can break through further will depend on the continued inflow of institutional funds and spot ETFs.
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4. Strategy increased its holdings by 155 bitcoins last week, total holdings at 628,946 bitcoins.
Strategy increased its holdings by 155 bitcoins from August 4 to August 10, with an average price of $116,401, totaling about $18 million. As of August 10, 2025, Strategy has acquired 628,946 bitcoins at an average price of approximately $73,288, with a total holding value of about $46.09 billion.
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5. Ant Group debunks rumors of 'jointly building rare earth RMB stablecoin' and warns the public to beware of scams.
Ant Group released a message on its official Weibo, stating that it has noticed online claims that 'Ant Group is jointly building the world's first rare earth RMB stablecoin with the People's Bank of China and the China Rare Earth Group,' which aims to entice investors to pay attention to related sectors. Ant Group has never had such plans with related institutions, and the public is reminded to be discerning to avoid being deceived.
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6. El Salvador passes the Investment Banking Law, supporting the establishment of Bitcoin banking services for professional investors.
The Legislative Assembly of El Salvador officially passed the Investment Banking Law this Thursday, which clearly allows investment banks to include digital assets such as Bitcoin in their balance sheets after obtaining a digital asset service provider (PSAD) license, and to provide relevant cryptocurrency services to 'professional investors.' The bill distinguishes the regulation of investment banks from traditional commercial banks, setting higher thresholds, including a minimum registered capital of $50 million and a requirement of $250,000 in disposable funds.
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7. Wu discusses this week's macro indicators and analysis: U.S. inflation CPI, PPI.
Summary
This week, key focus on U.S. inflation data CPI & PPI, U.S. semiconductor and pharmaceutical tariffs, and speeches from several Federal Reserve officials, etc.
Last week's review
The Bank of England announced a 25 basis point rate cut on Thursday as expected, marking the fifth rate cut since this round of monetary policy commenced; this is the first instance since the Bank of England's Monetary Policy Committee began independent decision-making that a resolution required two rounds of voting. The Bank of England warned of increased inflationary risks in the meeting minutes while acknowledging that economic growth remains weak and consumption faces downward pressure.
For the week ending August 2, the number of initial jobless claims in the U.S. was 226,000, expected to be 221,000, with the previous value revised from 218,000 to 219,000.
Bank of Japan July meeting minutes: potential for rate hikes to restart by year-end.
Key events & indicators this week
August 11
China's July M2 money supply year-on-year
Trump stated that U.S. semiconductor and pharmaceutical tariffs will be announced 'around this week.'
August 12
U.S. July non-seasonally adjusted CPI year-on-year (20:30)
August 14
2025 FOMC voting member and Chicago Fed President Goolsbee speaks on monetary policy (01:00)
2027 FOMC voting member and Atlanta Fed President Bostic speaks on the U.S. economic outlook (01:30)
U.S. initial jobless claims for the week ending August 9 (thousands) (20:30)
U.S. July PPI year-on-year (20:30)
August 15
U.S. President Trump and Russian President Putin met in Alaska.
