Weekly preview | Ethereum’s 10th anniversary; the US “reciprocal tariff” window is approaching; the Federal Reserve announces its interest rate decision

  • Key Events (July 28–August 3, 2025):

    • July 28:

      • Binance Wallet launches TGE for Delabs Games (DELABS) via PancakeSwap.
      • Binance delists League of Kingdoms (LOKA) and lists Arena-Z (A2Z) on July 30.
      • Linea, Consensys, and Nile launch DEX Etherex with REX token rewards.
      • Jupiter (JUP) and Sign (SIGN) tokens unlock worth $31.7M and $11.7M, respectively.
    • July 29:

      • Federal Reserve begins a 2-day monetary policy meeting.
      • Crypto lobbying groups urge Trump to uphold open banking rules ahead of a July 29 legal brief deadline.
      • Binance adjusts mortgage rates for WBETH, TRUMP, and other assets.
      • UniSat Wallet enables BRC-20 single-step transfers on Fractal Bitcoin.
    • July 30:

      • Ethereum’s 10th anniversary: Live broadcast with Vitalik Buterin; free NFT minting.
      • US releases Q2 GDP data; Fed announces interest rate decision and Powell holds a press conference.
      • White House publishes its first crypto policy report.
      • Kamino (KMNO) unlocks $13.8M in tokens.
    • July 31:

      • UK FCA’s stablecoin and crypto custody regulations open for public comment (deadline).
      • Bithumb spins off non-trading units ahead of a potential IPO.
      • Optimism (OP) unlocks $22.8M in tokens.
    • August 1:

      • US "reciprocal tariffs" take effect for 14 countries (no further extensions).
      • Hong Kong enforces Stablecoin Ordinance, banning unlicensed stablecoin promotions.
      • Sui (SUI) unlocks $188M in tokens.
    • August 2:

      • Coinbase undergoes a 3-hour system upgrade.
      • Ethena (ENA) unlocks $25M in tokens.
  • Notable Trends: Macro policy shifts (tariffs, Fed rates), Ethereum’s milestone, and major token unlocks ($480M+ total).

Summary

News Preview:

  • The Federal Open Market Committee (FOMC) will hold a two-day monetary policy meeting on July 29;
  • On July 30, the United States will release a series of GDP data for the second quarter, the Federal Reserve will announce its interest rate decision, and Powell will hold a press conference;
  • Ethereum will celebrate the 10th anniversary of the launch of the Genesis Block on July 30. The 10th anniversary live broadcast will be held at 22:30 on July 30, and a limited-time free NFT will be launched
  • The White House will publicly release its first encryption policy report on July 30
  • S strategy plans to announce its second quarter financial report on July 31
  • Trump has previously extended the suspension of "reciprocal tariffs" to August 1, and claimed that there will be no further extension
  • Sui (SUI) will unlock about 44 million tokens at 8:00 a.m. Beijing time on August 1, which is 1.27% of the current circulation and worth about $188 million
  • Ethena (ENA) will unlock about 40.63 million tokens at 3:00 p.m. Beijing time on August 2, which is 0.64% of the current circulation and worth about $25 million

July 28

Exchange:

Binance Wallet will launch the 32nd exclusive TGE on July 28: Delabs Games (DELABS)

According to Binance Wallet, the 32nd exclusive TGE event will be held on Binance Wallet through PancakeSwap from 8:00 to 10:00 (UTC) on July 28, 2025, and the project is Delabs Games (DELABS). Eligible users need to use Binance Alpha Points to participate. The official will also provide an additional 120 million DELABS for the upcoming event, and more details and event entrances will be announced soon.

Binance will delist League of Kingdoms (LOKA) on July 28 and list its replacement and renamed Arena-Z (A2Z) on July 30

Binance will delist all LOKA spot trading pairs at 11:00 (UTC+8) on July 28, 2025, and list A2Z/BTC and A2Z/USDT trading pairs at 16:00 (UTC+8) on July 30. All LOKA tokens will be replaced at a ratio of 1 LOKA = 20 A2Z. LOKA deposits and withdrawals will be suspended at 11:30 (UTC+8) on July 28, and LOKA withdrawals will no longer be supported after the swap is completed. Binance will automatically handle the relevant technical operations, and users do not need to operate manually.

Binance announced that users with app versions lower than 3.0.x will not be able to use the face pre-check function from July 28

Binance Chinese said, "From July 28, users with Binance app versions lower than 3.0.x will not be able to use the face pre-check function. Please upgrade to the latest version in time to ensure normal use."

Project dynamics:

Linea, Consensys and Nile jointly launched DEX Etherex, which is expected to be launched on July 28

Linea, Consensys and Nile jointly launched DEX Etherex, which will be launched on July 28. Etherex is an upgraded version of Nile Exchange, built on Ramses v3 technology and built around the x33 token economics model. Its native token REX will be distributed to liquidity providers as liquidity rewards, and 100% of transaction fees will be directly allocated to xREX voters. Users can exchange REX for xREX and vote for their preferred pool.

Sophon airdrop ends on July 28

Sophon announced that the airdrop of its token SOPH will end on July 28. Eligible users include Sophon Guardians, early contributors, Friend of Sophon NFT holders, etc. The airdrop uses Sophon's native payment main system, and users do not need to pay Gas fees when receiving it.

Stablecoin Layer2 network Plasma will end public sale on July 28

Stablecoin Layer2 network Plasma officially announced that the public sale of its token XPL has started and will last until 9:00 am Eastern Time on July 28. In addition, the token economic model of XPL has also been announced, with a total supply of 10 billion. The specific distribution plan is as follows:

  • The public sale allocates 10%, and the XPL of non-US buyers will be fully unlocked when the Plasma public mainnet beta is launched; the XPL of US buyers needs to be locked for 12 months and will be fully unlocked on July 28, 2026.
  • 40% allocated to the ecosystem and growth, of which 8% will be unlocked immediately upon the launch of the mainnet beta, and 32% will be unlocked monthly in proportion over the three years after the launch of the mainnet beta.
  • 25% allocated to the team, of which 1/3 will be unlocked one year after the public launch of the mainnet beta, and the remaining 2/3 will be unlocked monthly in proportion over the next two years.
  • 25% allocated to investors, with the same unlocking schedule as the team.

Token unlocking:

Jupiter (JUP) will unlock about 53.47 million tokens at 10:00 pm Beijing time on July 28, which is 1.78% of the current circulation and worth about 31.7 million US dollars

Sign (SIGN) will unlock about 150 million tokens at 6:00 pm Beijing time on July 28, which is 12.5% of the current circulation and worth about 11.7 million US dollars

July 29

Macroeconomics:

The Federal Open Market Committee (FOMC) will hold a two-day monetary policy meeting on Tuesday (July 29)

Policy supervision:

Crypto and fintech lobbying groups urge Trump to uphold open banking rules and hope the government will file a brief on July 29

Eleven industry groups, including the Fintech Association, the Blockchain Association and the Crypto Innovation Council, jointly wrote to US President Trump on July 23, calling for the maintenance of open banking rules. The groups warned that large banks are trying to hinder the implementation of the rules through legal actions and high data access fees, which may restrict consumers' rights to use digital wallets and crypto payment applications.

The open banking rules were established during Trump's first term and allow consumers to share their financial data with third-party service providers for free. But major US banks filed a lawsuit on the day the rules came into effect. The industry alliance pointed out that the government's need to file a brief on the relevant lawsuit on July 29 will become a key time to determine the competitiveness of US fintech. The letter emphasizes that consumers should have the right to choose who to share their financial data with, otherwise it will weaken the US's leadership in digital asset innovation.

Exchanges:

Binance will adjust the mortgage rates of some assets in the unified account on July 29 and August 1

Binance will adjust the mortgage rates of WBETH, TRUMP, LDO, C, SPK, and PARTI unified accounts at 14:00 (Eastern Time Zone 8) on July 29; and adjust the mortgage rates of NEO, IOTX, MANA, KSM, SNX, and DYDX unified accounts at 14:00 (Eastern Time Zone 8) on August 1. This update will be completed in about 30 minutes.

Binance Alpha will launch Treehouse (TREE) on July 29

Binance Alpha will launch Treehouse (TREE) on July 29. Eligible users can use Binance Alpha Points to claim the airdrop on the Alpha event page, and they can claim it after trading is open. More details will be announced soon. In addition, the Binance Alpha CEX limit order trading statistics API has been updated.

OKX will close the withdrawal function of five currencies including KISHU and MAX on July 29

According to OKX's announcement, KISHU, MAX, MILO, MXC, SSWP and their USDT trading pairs were officially offline from 16:00 to 18:00 Beijing time on April 29, the deposit function was closed on April 22, and the withdrawal will be terminated on July 29. The KISHU on-chain dividend will be distributed for the last time on April 25, and users need to handle the relevant assets in a timely manner.

Project News:

UniSat Wallet: BRC-20 single-step transfer function is scheduled to be enabled on Fractal Bitcoin on July 29

UniSat Wallet tweeted an update on the progress of the BRC-20 upgrade. The BRC-20 single-step transfer function will be officially enabled on Fractal Bitcoin at block height 930930 (approximately 2 am on July 29, UTC time). This important new feature allows users to create a TRANSFER inscription directly to the target address, simplifying the transfer of BRC-20 assets into a single operation, eliminating the previous two-step process of creating a transfer inscription. In addition, the BRC-20 Swap module cancels the deposit/withdrawal requirements, and users can directly exchange assets without deposit and withdrawal steps. UniSat infrastructure will support BRC-20, and plans to expand support for programmable modules in UniSat wallet, UniScan browser, and UniSat API platform. UniHexa, USDT/USDC integration, and Bitcoin Asia new features will be launched in the future.

Sui Ecological Parallel Multi-Party Computing Network Ika will be launched on the mainnet on July 29

Sui Ecological Parallel Multi-Party Computing (MPC) Network Ika posted on X that it will be launched on the mainnet on July 29. In April this year, Ika announced that it had received a strategic investment from the Sui Foundation, bringing its total financing to over US$21 million.

July 30

Macroeconomics:

The United States released a series of second quarter GDP data

The Federal Reserve announced its interest rate decision and Powell held a press conference

Policy supervision:

The White House's first encryption policy report will be publicly released on July 30

Bo Hines, executive director of the Trump Digital Asset Advisory Committee, said on the X platform that the President's Digital Asset Working Group has completed a 180-day report (the first encryption policy report) and will be publicly released on July 30.

Project News:

Ethereum will celebrate the 10th anniversary of the launch of the Genesis Block on July 30

Ethereum's 10th anniversary live broadcast will be held at 22:30 on July 30, and a limited-time free NFT will be launched

The Ethereum Foundation tweeted that the Ethereum 10th anniversary celebration live broadcast will be held at 22:30 (UTC+8) on July 30. Ethereum founder Vitalik Buterin, as well as core contributors such as Tim Beiko, Joseph Lubin, and Ethereum Foundation Executive Director Tomasz Stańczak and Hsiao-wei Wang will give speeches. In addition, to commemorate this moment, the ecosystem will launch a free minting of commemorative Ethereum torch NFTs within 24 hours after the event, limited to 24 hours.

Bitcoin L2 network Zulu Network transforms into an AI project, and the main network and related services will be shut down on July 30

Bitcoin Layer 2 network Zulu Network announced its transformation into the AI field, focusing on decentralized AI models, AI-driven smart contracts, and blockchain and AI integration.

Former OpenAI expert Ishant Singh joined the team as strategic AI director to promote the development of the protocol. Zulu plans to support liquidity through the BNB chain. The main network and related services will be closed on July 30, 2025, and suspended on August 30. Whether to restart in the future will depend on demand.

Token unlocking:

Kamino (KMNO) will unlock about 229 million tokens at 8 pm Beijing time on July 30, accounting for 9.53% of the current circulation, worth about $13.8 million

July 31

Policy supervision:

The UK FCA has issued new regulations on stablecoin issuance and crypto custody for public comment, with a deadline of July 31

The UK Financial Conduct Authority (FCA) has published regulatory recommendations on stablecoin issuance, crypto asset custody and corporate financial soundness, aiming to build a safe and competitive crypto market. It is recommended that stablecoins maintain a stable value and disclose asset support to users; custodians must ensure that user assets are safe and accessible at any time. The proposal was formulated after multiple rounds of communication between the FCA and the market. The deadline for soliciting opinions is July 31, and the final rules will be released in 2026.

Exchanges:

Bithumb plans to spin off non-trading businesses on July 31, paving the way for an IPO in the second half of the year

South Korean crypto exchange Bithumb announced that it will complete the company's structural reorganization on July 31, 2025, divest its non-trading related businesses to establish a new entity "Bithumb A" to isolate potential risks and improve operational efficiency. The reorganization is aimed at preparing for the planned IPO in the second half of this year, with potential listing locations including the Korean local market and Nasdaq. Bithumb's net profit reached US$110 million last year, a 560% year-on-year increase.

Project Dynamics:

Strategy plans to announce its second quarter financial report on July 31

Strategy announced that it plans to announce its second quarter 2025 financial results report after the close of the U.S. financial markets on July 31, and will hold a live video webinar at 5:00 pm Eastern Time to discuss the financial results.

Artist Takashi Murakami will launch NFT collection cards on the chain through Base App, and minting will be open on July 31

Takashi Murakami, a well-known Japanese artist, announced that he will launch the NFT series "108 Flowers Revised". The series is based on his iconic "super flat" style of floral images and will be available for casting on the Base App on July 31. This new work continues his creative style of integrating pop culture and anime aesthetics. His past partners include luxury fashion brands such as Louis Vuitton and Supreme.

Token unlocking:

Optimism (OP) will unlock approximately 31.34 million tokens at 8:00 am Beijing time on July 31, which is 1.79% of the current circulation and worth approximately US$22.8 million

August 1

Policy supervision:

Trump has previously extended the suspension period of "reciprocal tariffs" to August 1, and claimed that there will be no further extension

According to Jinshi, local time on the 7th, US President Trump signed an executive order to extend the suspension period of the so-called "reciprocal tariffs", postponing the implementation time from July 9 to August 1.

Earlier today, starting from the early morning of the 8th Beijing time, Trump successively published his tariff letters to multiple countries on social media. As of press time, he has issued tariff letters to 14 countries. The latest tariff rate threat was released. Among them, Japan, South Korea, Kazakhstan, Malaysia and Tunisia face a tariff rate of 25%; South Africa and Bosnia have a tariff rate of 30%; Indonesia has a tariff rate of 32%; Bangladesh and Serbia have a tariff rate of 35%; Thailand and Cambodia have a tariff rate of 36%; Laos and Myanmar have a tariff rate of 40%. The above tariffs will take effect on August 1.

According to Politico, the United States proposed a trade agreement plan to impose a 10% tariff on the European Union with restrictive clauses.

In addition, Trump later that day in Social media said that tariffs will be imposed on August 1, 2025. There will be no change to the deadline and no extension will be granted.

The EU has drawn up a 100 billion euro "no deal" countermeasure plan to deal with the US's 30% tariff threat that may take effect on August 1

According to Bloomberg, the EU plans to quickly impose tariffs of the same proportion on US products worth about 100 billion euros if no agreement is reached with the US and the US imposes a 30% tariff on most EU exports after August 1. A spokesman for the European Commission said that the first round of countermeasures will be 21 billion euros of previously approved tariffs. The 72 billion euro tariff list for US products was merged with the newly proposed 72 billion euro list, covering industrial products such as Boeing aircraft, US-made cars and bourbon whiskey. The EU's counter-tariffs will take effect as early as next month, provided that the two sides fail to reach an agreement and the US actually implements the tariff increase. In addition, Germany and other member states support the launch of the EU's anti-coercion tool (ACI) in the case of "no agreement" to expand the scope of countermeasures against the United States. German Chancellor Merz said that the EU hopes to reach a fair and reliable agreement with the United States with low tariffs, but if the negotiations fail, it will increase economic uncertainty.

Hong Kong will implement the Stablecoin Ordinance on August 1, and it will be illegal to promote any unlicensed stablecoin to the public

Hong Kong will implement the Stablecoin Ordinance on August 1, 2025, prohibiting the provision or promotion of unlicensed fiat-backed stablecoins (FRS) to retail investors. Violators may be fined up to HK$50,000 and imprisoned for six months. The Hong Kong Monetary Authority (HKMA) issued a warning on Wednesday, reminding investors to stay away from unlicensed stablecoins to avoid accidentally falling into the law. HKMA President Eddie Yue said the new regulations are aimed at bringing credibility and stability to the stablecoin industry while protecting investors from fraud and excessive speculation. Although as many as 50 companies have applied for stablecoin licenses, most applications lack practical implementation plans and only a few licenses will be approved.

Thailand SEC proposes to relax crypto ICO investor testing rules and solicit public opinions, with a deadline of August 1

The Securities and Exchange Commission of Thailand (SEC) has proposed to relax the knowledge test requirements for retail crypto investors, allowing investors who have passed the test to be exempted from repeated testing, and changing the current quarterly retesting regulations to a suitability assessment every two years.

The new rules require ICO portals to conduct comprehensive suitability tests on all digital token investors to ensure that the investment risk matches the product risk. The proposal aims to reduce the burden on investors and ICO portals while being consistent with existing securities regulatory standards. The SEC is now soliciting public opinions, with a deadline of August 1.

Project dynamics:

Caldera will close ERA airdrop claims on August 1

The Caldera Foundation announced the opening of ERA airdrop claims. Wallets that have successfully pre-claimed their allocations must claim their tokens before 8:00 on August 1.

Binance NFT will stop BAYC and MAYC staking products from August 1

Binance announced that due to the adjustment of the APE NFT staking mechanism, BAYC and MAYC will be stopped from 14:00 on August 1, 2025 NFT staking products. The currently pledged NFTs will be automatically unstaked on the same day and returned to the user account before 14:00 on August 3. After unstaking, these NFTs will no longer generate staking income. Users can withdraw assets through the Binance NFT platform.

Token Unlock:

Sui (SUI) will unlock approximately 44 million tokens at 8:00 am Beijing time on August 1, which is 1.27% of the current circulation and worth approximately US$188 million

GoPlus Security (GPS) will unlock approximately 542 million tokens at 8:00 am Beijing time on August 1, which is 20.42% of the current circulation and worth approximately US$11.6 million

ZetaChain (ZETA) will unlock approximately 44.26 million tokens at 8:00 am Beijing time on August 1, which is 4.78% of the current circulation and worth approximately US$9.9 million

August 2

Exchange:

Coinbase will upgrade the system at 22:00 on August 2

Coinbase tweeted that the system upgrade time has been adjusted to 22:00 on August 2, 2025 (UTC+8), and is expected to last for 3 hours. During the upgrade, Simple and Advanced Trade, deposit and withdrawal functions, inter-platform transfers, and Coinbase Card Will be suspended, transfer transactions may be delayed.

Token unlocking:

Ethena (ENA) will unlock approximately 40.63 million tokens at 3:00 pm Beijing time on August 2, which is 0.64% of the current circulation and worth approximately US$25 million

August 3

None

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Author: 一周预告

This article represents the views of PANews columnist and does not represent PANews' position or legal liability.

The article and opinions do not constitute investment advice

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