Important news:
- The U.S. House Financial Services Committee declared July 14 "Crypto Week" and will review several crypto bills
- Tornado Cash co-founder Roman Storm: Trial is expected to begin on July 14 in the Southern District Court of New York
- The U.S. House Ways and Means Committee will discuss digital asset tax policy at a hearing on July 16
- Plasma: XPL public sale will start on July 17, deposits and withdrawals will be locked on July 14
- DWF Labs CEO promises to release details of the crypto asset portfolio supporting the stablecoin USDf next week
- Official Trump (TRUMP) will unlock about 90 million tokens at 8:00 am Beijing time on July 18, accounting for 45% of the current circulation, with a value of about US$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 and worth approximately US$38.2 million.
July 14
Policy supervision:
The U.S. House Financial Services Committee Financial Services GOP posted on the X platform that its chairman French Hill, Agriculture Committee Chairman GT Thompson and the House Republican leadership announced that the week of July 14 will be "Crypto Week", when the CLARITY Act, the Anti-CBDC Surveillance State Act and the GENIUS Act will be reviewed.
Exchange:
Binance Alpha will be listed on Chainbase on July 14 (C)
Binance Alpha will be listed on Chainbase (C) on July 14. Eligible users can claim the airdrop through Binance Alpha Points on the Alpha event page after trading is launched.
Project dynamics:
Roman Storm, co-founder and developer of Tornado Cash, said in an interview published by Crypto In America that his U.S. criminal trial is expected to begin on July 14 in the District Court for the Southern District of New York. Storm said his legal team intends to respond to allegations that he personally profited from his tenure at Tornado Cash at the trial. However, he declined to say whether he would testify in his defense against charges of money laundering, conspiracy to operate an unlicensed money transmitter, and conspiracy to violate U.S. sanctions.
Roman Storm's lawyers say they may ask for a brief delay in his upcoming criminal trial if the judge allows a hacker who allegedly used the platform to testify. Storm's defense team applied to the U.S. District Court for the Southern District of New York to exclude the unnamed witness because prosecutors did not reveal his identity until after an agreed-upon deadline. The witness is accused of being the perpetrator of a hacking incident and used an Ethereum mixer to launder funds to hide his whereabouts. Storm's lawyers believe the testimony could anger jurors and unfairly affect their views of the defendant. If the court rejects the motion to exclude, they reserve the right to request an extension.
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 the usage scenarios. At the same time, OpenZK announced the exploration of a dual-token gas fee model. In addition to using ETH as the network gas fee, users can also use OZK as the network gas fee. Related research and development is in progress.
July 15
Project dynamics:
Sonic: Season 1 $S airdrop claims will be randomly opened between July 15th and 22nd
Sonic said on the X platform that the first season $S airdrop claims will be randomly opened between July 15 and 22.
Sunrise, a dedicated DA layer protocol, announced that the $RISE airdrop collection activity has been launched. Eligible users must complete the collection before 7:59 on July 15th, Beijing time. The airdrop targets include Gluon / UnUniFi (GUU) stakers, Celestia / LST ($milkTIA + $stTIA) stakers, Sunrise testnet users, Galxe/Cubquest/Intract task participants, and multiple NFT holders. The specific list has been confirmed through snapshots. The $RISE tokens collected will be transferable and tradable after the mainnet and TGE in the third quarter of 2025
It is reported that Sunrise, a dedicated DA layer protocol, announced on June 4 that it had completed a US$3 million seed round of financing, with participation from Decima, Animoca Brands Japan, Hyperithm, Cogitent Ventures, MZ Web3 Fund, V3V Ventures, Connectico Capital, MH Ventures and others.
Token unlocking:
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 and worth approximately US$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, with a value of approximately US$17.6 million.
July 16
Policy supervision:
Next week, the U.S. House of Representatives will hold a "Cryptocurrency Week" event to discuss digital asset policies in depth, and the Tax Policy Committee will focus on cryptocurrency taxation. Jason Smith, chairman of the House Ways and Means Committee, said on Wednesday that the Oversight Subcommittee will hold a hearing on July 16 to discuss positive measures to develop a digital asset tax policy framework.
Following the regulation of the cryptocurrency market and stablecoins, cryptocurrency taxation is expected to become the next major issue in Congress. There may be two legislative actions next week, including a vote by the House of Representatives on the stablecoin issuer regulation bill passed by the Senate. Currently, there is uncertainty about the taxation of cryptocurrencies in the United States, and investors have complicated calculations. Last week, Senator Cynthia Lummis proposed a new bill that proposed tax exemptions for small transactions and the elimination of double taxation. The intentions of the House of Representatives are currently unclear, but the Republican-led committee is seeking friendly policies.
Project dynamics:
Eric Balchunas, senior ETF analyst at Bloomberg, said on the X platform 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 that they will definitely be launched, but generally speaking, 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 unlocking:
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 and worth approximately US$38.2 million.
July 17
Project dynamics:
Plasma: XPL public sale will start on July 17, deposits and withdrawals will be locked on July 14
Stablecoin project Plasma tweeted that the XPL public sale will officially begin on July 17. The platform will lock deposits and withdrawals on July 14 (72 hours before the sale), and users will no longer be able to withdraw funds. Official reminder: Vault deposits cannot be used for this sale, please prepare available funds in advance. All deposits will be locked for at least 40 days after the sale ends.
Caldera airdrop pre-claims will end on July 17
Ethereum Rollup deployment platform Caldera has opened airdrop pre-claims. Eligible wallets must complete the pre-claim process before 12:00 am (UTC time) on July 17 to receive the airdrop.
Token unlocking:
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 and worth approximately US$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 and 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 and worth approximately US$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 and worth approximately US$9.6 million.
July 18
Token unlocking:
Official Trump (TRUMP) will unlock about 90 million tokens at 8:00 am Beijing time on July 18, accounting for 45% of the current circulation, with a value of about US$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, with a value of approximately US$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 and worth approximately US$5.2 million.
July 19
None
July 20
Project News:
Balance Foundation: EPT airdrop claims will continue until July 20
According to the Balance Foundation announcement, the EPT airdrop will be open for claiming at 20:00 on April 21 (Beijing time). Users can check their qualifications and claim rewards through the official website. The claim window will last until 20:00 on July 20.
Specific time to be determined
Project dynamics:
Andrei Grachev, CEO of DWF Labs, promised to release details of the $630 million crypto asset portfolio supporting the stablecoin USDf next week. The stablecoin was issued by Falcon Finance and was once decoupled to $0.992 on July 7. USDf uses crypto assets and trading profits to maintain its anchor. The official website shows that its $630 million reserves support the current 550 million circulating tokens, but 96% of the assets ($607 million) are stored in off-chain custodians such as Binance, and only 4% can be verified on the chain.
Grachev revealed that 89% of the reserves are stablecoins and Bitcoin, and 11% are other cryptocurrencies. All assets are hedged through perpetual contracts. Currently, the auditing agency Harris & Trotter only publishes the amount of the custodian's holdings on a daily basis, and does not disclose the specific asset composition. Falcon said it is preparing an ISAE 3000 audit report, but the standard does not involve financial information audits. Critics question that USDf relies on illiquid assets, and concentrated selling may cause depreciation. LlamaRisk previously reported that Falcon has absolute control over reserve assets, and the market value of some collateral is too low, posing a liquidation risk. Grachev emphasized that USDf maintains anchoring through market neutral strategies and arbitrage mechanisms, and traders can conduct risk-free arbitrage when prices fluctuate.
