Weekly Preview | Trump's Reciprocal Tariffs Delayed to August 7; Ethena (ENA) to Unlock Approximately $96 Million in Tokens

Here’s a concise summary of the key events from August 4 to August 10, 2025:

  • August 4:

    • SEC Commissioner Hester Peirce discusses crypto regulatory challenges at UC Berkeley.
    • Binance Alpha lists DarkStar (DARK) and Cycle Network (CYC) tokens.
    • Solana Mobile’s second phone, Seeker, ships with SKR token launch.
    • Succinct airdrop registration closes; dYdX Foundation proposes $8M grants program.
    • Token unlocks: IOTA ($1.6M) and GoGoPool ($1.2M).
  • August 5:

    • Binance Alpha lists Towns (TOWNS); Rice Robotics launches RICE token for AI data marketplace.
    • Major token unlock: Ethena (ENA) releases $95.8M worth of tokens.
  • August 6:

    • Brazilian lawmakers debate 17.5% crypto tax proposal.
    • Ethena’s USDe redemption deadline for German holders.
    • Etherex launches REX token; token unlocks for Heroes of Mavia ($1.9M) and EigenCloud ($1.4M).
  • August 7:

    • Trump’s reciprocal tariffs delayed to August 7.
    • Hong Kong RWA registration platform launches.
  • August 8:

    • JuCoin compensates users $10M for contract system losses.
    • Token unlocks: Immutable ($12.2M) and Space and Time ($2M).
  • August 9:

    • SatLayer closes airdrop registration; Movement token unlocks ($6.5M).
  • August 10:

    • YZi Labs’ EASY Residency program concludes with Demo Day.
    • Render token unlocks ($1.7M).

Key highlights include regulatory discussions, major token unlocks, and platform launches.

Summary

Important news:

  • Ethena (ENA) will unlock approximately 172 million tokens at 3:00 PM Beijing time on August 5th, representing 2.70% of the current circulating supply and valued at approximately $95.8 million.
  • Brazilian lawmakers plan to debate the president’s new crypto tax proposal on August 6.
  • Ethena has reached a USDe redemption agreement with German regulators. Holders must declare their redemption before August 6.
  • Trump's reciprocal tariffs delayed by a week to August 7
  • Hong Kong RWA registration platform will be launched on August 7
  • YZi Labs' first offline global incubation program, EASY Residency, will end on August 10th.

August 4

U.S. SEC Commissioner Hester Peirce will discuss regulatory challenges with small crypto projects at UC Berkeley on August 4.

U.S. Securities and Exchange Commission (SEC) Commissioner Hester Peirce revealed that she will meet with some small crypto projects at the University of California, Berkeley on August 4 to discuss the specific regulatory challenges they face. Projects interested in participating in the panel discussion can contact via email.

Exchange:

Binance Alpha to List DarkStar (DARK) Token on August 4

Binance Alpha will list DarkStar (DARK) on August 4th. Eligible users can go to the Alpha event page after Alpha trading is open and use Binance Alpha points to claim the airdrop.

Binance Alpha to List Cycle Network (CYC) on August 4th

Binance Alpha will list Cycle Network (CYC) on August 4th. Eligible users can claim the airdrop using Binance Alpha Points on the Alpha event page after Alpha trading opens. Detailed details will be announced separately.

Project News:

Solana Mobile: Second phone, Seeker, will start shipping on August 4th and will launch the SKR token

Solana Mobile announced that its second phone, the Seeker, will begin shipping on August 4, 2025. Additionally, the Seeker will launch with the SKR token, the native asset of the Solana mobile economy. SKR tokens will be distributed directly to developers and users participating in the ecosystem.

Succinct airdrop registration will end on August 4th

Registration for the Succinct airdrop is now live, July 29th, and closes at 3:00 AM (UTC) on August 4th. This airdrop not only rewards community members who have actively participated in the testnet over the past six months, but also recognizes open source developers contributing to ZK, cryptography, and blockchain, as well as X affiliates of the collaborative protocol, Succinct Labs collaborators, public product organizations, and crypto Twitter influencers. All users with a badge are eligible to participate.

According to Succinct's official documentation, the total supply of PROVE tokens is 1 billion, used for payments, staking, and governance. The distribution ratio is: 25% for the public and future incentives (including a 5% airdrop in the first round), 25% for the ecosystem and R&D, 29.5% for core contributors, 10.5% for investors, and 10% for foundation operations. Investor and contributor tokens are locked up for one year, with a linear vesting period of four years.

Governance Voting:

The dYdX Foundation has requested $8 million in funding to launch a new dYdX Grants Program, with the on-chain governance proposal scheduled to launch on August 4th.

dYdX Grants Ltd., a wholly-owned subsidiary of the dYdX Foundation, is requesting $8 million in DYDX from the dYdX Chain Community Treasury to launch, manage, and operate the new dYdX Grants program. This funding is expected to last approximately 12-18 months. This will enable the dYdX Grants program to expand its support for developers, researchers, and contributors across the dYdX ecosystem, while also improving operational efficiency and cost-effectiveness. Following feedback from the dYdX community, this on-chain governance proposal is scheduled to launch on August 4th.

Token unlocking:

IOTA (IOTA) will unlock approximately 8.63 million tokens at 8:00 AM Beijing time on August 4th, accounting for 0.22% of the current circulating supply and worth approximately $1.6 million.

GoGoPool (GGP) will unlock approximately 750,000 tokens at 8:00 AM Beijing time on August 4th, accounting for 10.60% of the current circulating supply and worth approximately US$1.2 million.

August 5

Exchange:

Binance Alpha to List Towns (TOWNS) on August 5th

Binance Alpha will list Towns (TOWNS) on August 5th. Eligible users can claim the airdrop using Binance Alpha Points on the Alpha event page, once trading becomes available. More details will be announced soon.

Project News:

Rice Robotics to Launch RICE Token for AI Data Marketplace on TokenFi Launchpad on August 5

Rice Robotics, the company behind the RICE AI platform, announced it will begin selling its RICE tokens through TokenFi Launchpad on August 5th. RICE will provide a decentralized data marketplace for AI robots, part of a broader effort to tokenize robot data and scale DePIN. The $750,000 presale represents 10% of the total 1 billion token supply and values the token at $7.5 million. Launch partners include BNB Chain, DWF Labs, and Floki.

The company's indoor delivery robots have been deployed at SoftBank's Tokyo headquarters, Mitsui Real Estate, and 7-Eleven stores in Japan, and are integrated with the 7-Now delivery system. RICE tokens will be used to incentivize data contributions, AI model subscriptions, and platform governance, and will also achieve deflation through transaction fee buybacks. Earlier this year, the company received $7 million in Pre-A Series A funding from Alibaba Entrepreneurs Fund and other institutions.

Token unlocking:

Ethena (ENA) will unlock approximately 172 million tokens at 3:00 PM Beijing time on August 5th, representing 2.70% of the current circulating supply and valued at approximately $95.8 million.

Spectral (SPEC) will unlock approximately 3.62 million tokens at 8:00 AM Beijing time on August 5th, representing 17.57% of the current circulating supply and valued at approximately $1.8 million.

August 6

Policy supervision:

Brazilian lawmakers plan to debate the president’s new crypto tax proposal on August 6.

Brazilian lawmakers are preparing to debate a new cryptocurrency tax proposal put forward by President Lula da Silva. The proposal would impose a flat 17.5% fee on all transactions, eliminate income tax exemptions for small businesses, and target decentralized finance (DeFi) activities through temporary measures that took effect in June. A hearing is scheduled for August 6th, and the proposal must be confirmed within 120 days of its enactment to remain effective. The deadline for this decision is October 8th; if the measure is not approved by then, it will expire.

Project News:

Ethena has reached a USDe redemption agreement with German regulators. Holders must declare their redemption before August 6.

Ethena Labs has reached an agreement with Germany's Federal Financial Supervisory Authority (BaFin) to initiate a 42-day redemption process for holders of the USDe stablecoin. BaFin stated that USDe holders must submit redemption requests to Ethena GmbH by August 6th. After this deadline, claims will be handled by its offshore affiliate, Ethena (BVI) Ltd. This agreement officially concludes a four-month regulatory dispute between the two parties. Ethena GmbH will be officially liquidated within Germany, the EU, and the European Economic Area, though its future return to the EU market remains uncertain.

Etherex launches its official website and will launch the REX token on August 6th

DEX Etherex tweeted that it has officially launched its official website, aiming to inject liquidity into Linea and the broader Ethereum ecosystem. The REX token will launch on August 6th, with users able to choose from a variety of limited liquidity options.

Token unlocking:

Heroes of Mavia (MAVIA) will unlock approximately 11.89 million tokens at 8:00 AM Beijing time on August 6th, accounting for 23.03% of the current circulating supply and valued at approximately $1.9 million.

EigenCloud (previous: EigenLayer) will unlock approximately 1.29 million tokens at 3:00 AM Beijing time on August 6th, representing 0.40% of the current circulating supply and valued at approximately $1.4 million.

August 7

Policy supervision:

Trump's reciprocal tariffs delayed by a week to August 7

US President Trump signed an executive order imposing tariffs ranging from 15% to 41% on goods exported to the US from 67 trading partners, raising tariff levels to their highest level in more than a century. However, the new tariffs will not take effect until August 7, instead of the previous August 1, giving countries another window to negotiate lower tariffs. A senior administration official said, "This is historic. This is a new trading system. This is what I call the Trump Round of negotiations." White House officials said Thursday evening that they hope to reach more agreements with various countries before the new tariff implementation date of August 7.

Hong Kong RWA registration platform will be launched on August 7

The Hong Kong RWA registration platform will be launched on August 7. Initiated by the Hong Kong Web3.0 Standardization Association, it will open up the entire process service system of dataization, assetization and financialization of RWA asset tokenization.

August 8

Project News:

JuCoin promises to fully compensate for the tens of millions of dollars in losses caused by the contract system anomaly before August 8th

JuCoin has released an explanation of the contract system anomaly and its compensation decision. At 4:06 PM on August 1, 2025, JuCoin's contract system experienced a brief anomaly, resulting in price fluctuations in the ETHUSDT perpetual contract. This resulted in some users profiting approximately 2.87 million USDT, while others incurred losses of approximately 7.3 million USDT. JuCoin stated that it will fully compensate all losses incurred during the incident, with no retroactive or repossession of profit funds. The total estimated compensation amount is approximately 10 million USDT. The platform has pledged to complete all compensation payments by August 8.

Token unlocking:

Immutable (IMX) will unlock approximately 24.52 million tokens at 8:00 AM Beijing time on August 8th, representing 1.30% of the current circulating supply and valued at approximately $12.2 million.

Space and Time (SXT) will unlock approximately 24.64 million tokens at 9:00 PM Beijing time on August 8, worth approximately $2 million.

August 9

Project News:

Bitcoin restaking platform SatLayer airdrop registration closes on August 9th

Bitcoin re-staking platform SatLayer announced on the X platform that airdrop registration SlayDrop is now open and the deadline is 9 pm on August 9.

Token unlocking:

Movement (MOVE) will unlock approximately 50 million tokens at 8:00 PM Beijing time on August 9th, representing 1.89% of the current circulating supply and valued at approximately $6.5 million.

August 10

Project News:

YZi Labs' first offline global incubation program, EASY Residency, will end on August 10th.

YZi Labs has announced the launch of EASY Residency, a 10-week, offline global incubation program focused on Web3, AI, and healthcare. The program aims to provide a focused, entrepreneurial environment, free from distractions, for the top 1% of founders who are bold enough to tackle challenging problems. The program will launch in Silicon Valley, California, on June 2, 2025, and conclude on August 10, 2025, with a Demo Day. The selected 10-20 teams will present their product developments to leading venture capital firms and potentially secure investment opportunities. Mentors include industry leaders such as Binance co-founder CZ and Ethereum co-founder Vitalik Buterin, who will provide long-term guidance and support to the entrepreneurs. Applications are now open and close at 23:59 (GMT-7) on May 21.

Token unlocking:

Render (RENDER) will unlock approximately 492,000 tokens at 8:00 AM Beijing time on August 10, accounting for 0.09% of the current circulating supply and worth approximately $1.7 million.

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Author: 一周预告

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