Important news:
- CME Group plans to launch spot-quoted futures contracts on June 30, covering Bitcoin, Ethereum and the four major U.S. stock indexes
- Singapore requires crypto companies that have entities in the country but provide offshore services to cease operations by June 30
- Ethereum Europe Conference to be held in Cannes from June 30 to July 3
- US releases June non-farm payrolls report
- Backpack plans to launch the second season of points activity on July 3
- The U.S. Senate will hold a crucial vote on the Trump administration's "big beautiful" tax and spending bill, striving to pass it before July 4
- Sui (SUI) will unlock about 44 million tokens at 8:00 am Beijing time on July 1, accounting for 1.3% of the current circulation, with a value of about US$122.8 million
June 30
Policy supervision:
Crypto exchanges Bitget and Bybit, which have operations in Singapore but do not have local licenses, are planning to reorganize their teams, according to people familiar with the matter. Bitget will transfer employees to places such as Dubai and Hong Kong, while Bybit is also considering similar moves. People familiar with the matter said that these exchanges that have operating teams in Singapore but do not have licenses may face adjustments to hundreds of positions.
The Monetary Authority of Singapore (MAS) issued an announcement on May 30, requiring crypto companies that have established entities in Singapore but provide offshore services to cease operations before June 30, without a transition period, and all front-end functional agencies involved in sales are subject to restrictions. A MAS spokesperson said this is a continuation of the Financial Services and Markets Act 2022, which only affects "very few" companies. The industry pointed out that the new regulations expose the problem of unclear positioning of the headquarters of crypto companies. Legal experts said that companies that use Singapore teams to support offshore businesses but have unclear service definitions may face individual case reviews.
In addition, Singapore’s MAS clarified that the DTSPs regime only applies to payment tokens or capital market product tokens.
The Monetary Authority of Singapore (MAS) has clarified the scope of application of the Digital Token Service Providers (DTSPs) regime. From June 30, 2025, DTSPs that only provide digital payment tokens and capital market product tokens related services to customers outside Singapore must obtain a license. The MAS license issuance standards are high, such businesses have a high risk of money laundering, and the main regulated activities are outside Singapore, making it difficult for MAS to effectively regulate. Those who are not licensed will stop regulated activities. Providers who provide related services to Singapore customers are already regulated, their business scope remains unchanged, and they can also provide services to overseas customers. Other service providers such as utility tokens and governance tokens are not affected by the new system.
Given the higher risk, existing DTSPs that only serve overseas clients are required to cease such activities when the regime comes into effect. MAS has been communicating its position and communicating with those who may be affected since February 2022, and there are very few such providers.
Exchange:
The Chicago Mercantile Exchange Group (CME Group) announced plans to launch futures contracts based on spot prices on June 30, which are currently pending regulatory review. The contracts will cover the two major cryptocurrencies Bitcoin and Ethereum, as well as the four major U.S. stock indices, including the S&P 500, Nasdaq 100, Russell 2000 and Dow Jones Industrial Average. In addition, investors will be able to hold these contracts for up to five years without having to roll them over.
Binance Wallet Exclusive TGE to Launch NodeOps (NODE) on June 30
The 27th exclusive TGE will be held on June 30, 2025, from 16:00 to 18:00 (UTC+8) via PancakeSwap. Users are required to use Alpha Points to participate in the subscription. The official will provide an additional 27,153,349 NODE for subsequent activities, and details will be announced soon.
Iranian cryptocurrency exchange Nobitex tweeted that the platform will resume services in phases after the security incident. The first phase will start on June 25, and users will need to re-authenticate their accounts. Users will be able to restore account access after June 28, and withdrawal, trading and top-up functions will be gradually opened on June 30. The official emphasized that security is the priority, and a detailed technical report will be released after the service is stable.
Project dynamics:
Byreal, the on-chain DEX project incubated by Bybit, will be launched on the testnet on June 30
Byreal, the first on-chain DEX project incubated by Bybit, will be launched at the end of this month. Born in the Solana ecosystem, Byreal aims to unify decentralized liquidity by combining CEX-level liquidity with DeFi native transparency. Byreal adopts RFQ + CLMM routing design to provide low-slippage, MEV-protected Swap exchange transactions. The Byreal testnet will be launched on June 30, and the mainnet will be launched in the third quarter of 2025.
Aptos will automatically migrate APT and its on-chain tokens to FA standards starting June 30
The Aptos ecosystem will fully transition to the Fungible Asset (FA) standard on June 30, 2025, replacing the old Coin framework. The FA standard was launched at the end of 2023, with higher security, flexibility and composability, supporting advanced use cases such as DeFi and payment. From June 20, new accounts will adopt the FA standard by default; from June 30, the APT token balance will be automatically migrated first, and other tokens on the chain will be migrated from June 18 to 22, without user operation. The upgrade was promoted by Aptos Labs and achieved through batch trading tools, and Gas was prepaid by the ecosystem.
Ethereum Foundation announces Devconnect ARG Scholars Program, applications close on June 30
The Ethereum Foundation announced the launch of the Devconnect ARG Scholars Program as an important part of Devconnect ARG 2025. The program will select 100 leaders to expand the influence of Ethereum by connecting it to new communities, industries and ideas. The program covers five categories, including Ethereum community organizers, legal and public sector professionals, journalists, artists and various developers. Applicants must have never participated in Devcon or Devconnect and can devote about three hours a week to online activities for three months.
The program will start in late August and end in late November. Selected scholars will receive financial support for accommodation, air tickets and other expenses. There will be online meetings to promote exchanges and learning, and they will also go to Buenos Aires, Argentina to participate in Devconnect Week. After the event, scholars need to create a presentation of their learning results. Applications are currently open and the deadline is 11:59 pm Pacific Standard Time on Monday, June 30. Selected scholars will be notified in July.
Community Activities:
Ethereum Europe Conference to be held in Cannes from June 30 to July 3
The organizers of the European Ethereum Conference (EthCC) announced that the event held in Cannes from June 30 to July 3 will implement film festival-level security measures. Cometh CEO Jerome de Tychey said that participants such as Ethereum founder Vitalik Buterin will receive the same level of protection as Tom Cruise during the Cannes Film Festival. The local government will increase police force and activate more than 500 surveillance cameras throughout the city.
This decision stems from the recent frequent kidnappings in the crypto space in France. Ari Redbord, policy director at TRM Labs, pointed out that the appreciation of cryptocurrencies and changes in European regulations have made France a target for criminal gangs, and suggested that practitioners reduce their exposure on social media and consider deploying security personnel. The organizers of EthCC declined to disclose the specific security plan, but confirmed that government officials, regulators and billionaires will attend the meeting.
Token unlocking:
Optimism (OP) will unlock approximately 31.34 million tokens at 8:00 am Beijing time on June 30, accounting for 0.67% of the current circulation and worth approximately US$17.4 million.
Kamino (KMNO) will unlock approximately 229 million tokens at 8:00 pm Beijing time on June 30, accounting for 10.44% of the current circulation and worth approximately US$13.8 million.
Across Protocol (ACX) will unlock approximately 100 million tokens at 8:00 pm Beijing time on June 30, accounting for 22.61% of the current circulation and worth approximately US$13.5 million.
July 1
Policy supervision:
Argentina's securities regulator has finalized rules for virtual asset service providers (VASPs), covering "obligations regarding registration, cybersecurity, asset custody, anti-money laundering and risk disclosure." The stated goal of the rules is to guarantee "transparency, stability and user protection in the crypto ecosystem." VASPs are required to ensure that companies are separated from customer funds, conduct regular annual audits, and submit monthly reports to the CNV.
Under the new rules, non-compliant registrations may be revoked, and any company operating without registration may be blocked by court order. Individuals registered with the PSAV have until July 1 to comply with the new rules. Companies registered in Argentina have until August 1 to comply, and those registered abroad have until September 1 to comply.
Project dynamics:
SlowMist will launch the phishing simulation platform Unphishable on July 1
SlowMist officially announced that it will officially launch the phishing simulation platform Unphishable on July 1. The platform aims to enhance users' ability to identify common cyber attacks in reality, covering multiple phishing scenarios such as mnemonic fraud, false airdrops, malicious authorization, etc. It supports multi-language environments and will be limited to the MetaMask test network in the initial stage.
KyberSwap: Plans to delist ZKsync Era from aggregators starting July 1
Kyber Network posted on the X platform that it will remove ZKsync Era from the aggregator starting July 1, 2025. After the removal takes effect, the KyberSwap aggregator will continue to support 15 main chains including Ethereum mainnet, Base, Arbitrum, Optimism, etc. It is reported that this update only affects the KyberSwap aggregator, and the cross-chain function still supports ZKsync Era normally.
Ledn will abandon support for Ethereum and will fully switch to the Bitcoin mortgage model on July 1
Ledn, a crypto lending platform, announced that it will terminate Ethereum support and interest-bearing business and fully switch to a Bitcoin mortgage model. Starting from July 1, the platform will only provide "custodial Bitcoin loan" services, and customer mortgage assets will be fully managed by Ledn or its partner institutions. Ledn only added Ethereum mortgage service in February 2024. This adjustment means that the "growth account" of BTC and ETH will be closed at the same time. The company's CEO Adam Reeds said that this move returns to the original intention of Bitcoin to fight against the fractional reserve banking system and eliminate third-party credit risk.
Privacy-focused confidential blockchain protocol Zama to launch testnet on July 1
Zama, a privacy-focused confidential blockchain protocol, announced the completion of a $57 million Series B financing round, with a valuation of over $1 billion, led by Pantera Capital and Blockchange. The protocol will launch a testnet on July 1. Zama provides developers with a cross-chain privacy solution through fully homomorphic encryption (FHE) technology, supporting the deployment of "confidential smart contracts" on existing blockchains. The protocol currently supports 20 transactions per second, and plans to increase it to more than 10,000 transactions per second on a single chain through dedicated hardware accelerators. The project also uses multi-party computing (MPC) and zero-knowledge proof (ZKP) technologies, initially compatible with the Ethereum virtual machine, and will be expanded to the Solana ecosystem in the future.
StarkWare announced the launch of the STRK token delegation program, which aims to support the decentralization of Starknet by empowering validators. Thereby helping to maintain network security and earning rewards in the process. As part of the program, StarkWare will gradually delegate millions of STRK to eligible validators. This move aims to expand the staking pool, improve staking distribution, encourage new validators to participate, and increase the overall decentralization of the network.
Participation conditions include: active verification node identity, completion of KYC/KYB compliance certification, more than 99% operational stability, commission rate not exceeding 10%, and active participation in the Staking V3 testnet expected to be launched at the end of the year. The initial registration period is open until July 1, 2025, and the first round of delegation will be carried out shortly after July 1.
Token unlocking:
Sui (SUI) will unlock about 44 million tokens at 8:00 am Beijing time on July 1, accounting for 1.3% of the current circulation, with a value of about US$122.8 million
July 2
Exchange:
Upbit, Bithumb, Coinone, Korbit and Gopax, five Korean cryptocurrency exchanges, announced plans to delist WEMIX, the platform currency of Wemix, a blockchain platform under Wemade, on June 2, and token withdrawals are expected to be terminated on July 2. It is reported that the decision to delist this specific token was made through the Korean Digital Asset Exchange Association DAXA, whose members include the above five platforms. DAXA believes that the Wemix Foundation has not adequately addressed the issues that led to its designation as a cautious cryptocurrency for investment. After a comprehensive review of the credibility and security of the issuing entity, it was determined that the asset did not meet the standards for maintaining trading support.
Token unlocking:
Ethena (ENA) will unlock approximately 40.6 million tokens at 3:00 p.m. Beijing time on July 2, accounting for 0.67% of the current circulation and worth approximately $10.7 million.
July 3
Macroeconomics:
At 20:30 on Thursday, the U.S. will release the number of initial jobless claims for the week ending June 21, the unemployment rate in June, the seasonally adjusted non-farm payrolls in June, and the trade account in May ; for the June non-farm payrolls report, the market expects the unemployment rate to remain unchanged at 4.2%, and the number of employed people to drop from the previous value of 139,000 to 129,000.
Project News:
Backpack plans to launch the second season of points activity on July 3
Backpack announced that it plans to launch the second season of the points activity on July 3. Backpack previously officially launched the first season of the points plan on March 21, 2025. User points will be distributed and ranked based on weekly transactions and activities, including six levels from bronze to challenger.
July 4th
Exchange:
Binance will delist ALPHA, BSW and other 5 tokens on July 4
Binance announced that based on the latest regular assessment results of digital assets, it will stop all spot trading pairs of the following tokens at 11:00 on July 4, 2025 (GMT+8): Stella (ALPHA), Biswap (BSW), Komodo (KMD), LeverFi (LEVER) and LTO Network (LTO).
Musk says Grok 4 will be released after July 4
Musk wrote that he and the xAI team worked overnight, and Grok 4 has made good progress. It is expected to be released after July 4, and it is planned to conduct large-scale training of a dedicated programming model for it.
OGN DAO has approved a governance proposal to use over $3 million in funds to buy back OGN tokens on the market. The buyback will be executed in phases, with the first $100,000 operation starting before July 4 and continuing until the second quarter of 2026. All repurchased tokens will be distributed to xOGN stakers immediately. The DAO also uses a permanent protocol revenue buyback mechanism to use all revenue generated by Origin's liquid staking tokens OETH, stablecoin OUSD and other products for OGN market buybacks. The DAO treasury currently holds 1.3 million OGN to be distributed, and existing stakers can automatically receive rewards without taking action. This reform aims to establish a direct transmission mechanism between protocol business growth and token value.
QCP Capital, a Singapore-based crypto investment firm, said in a statement that risk assets remained stable despite the US ADP employment and ISM data falling short of expectations. President Trump accused the Fed of not cutting interest rates in a timely manner and proposed to permanently lift the debt ceiling. The Treasury Secretary announced the "Big Beautiful Bill" plan, which intends to provide 100% tax breaks for manufacturing and R&D centers. Congress will vote on the relevant bill on July 4.
JPMorgan Chase approved cryptocurrency ETFs as loan collateral for retail, trading and wealth management businesses, officially recognizing the net value status of crypto assets for the first time. Publicly listed companies K Wave Media and Treasure Global have announced the allocation of crypto assets. Circle Internet Financial has submitted an IPO application with a valuation of US$7.6-8.1 billion. On June 4, the net inflows of spot BTC/ETH ETFs were US$87 million and US$57 million, respectively. Although it slowed down from May, the structure is still solid. ETH continues to test the 200-day moving average, and the ETH/BTC exchange rate remains near 0.025, showing relative strength. The demand for the $130,000 BTC call option expiring in September has increased, reflecting the market's expectations for a breakthrough in the previous high.
July 5
None
July 6
None
