Weekly Preview | The Federal Reserve will release the minutes of its monetary policy meeting; Pump.fun (PUMP) will unlock tokens worth approximately 125 million dollars.

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News Preview:

  • On July 9, Thursday, at 02:00 Beijing time, the Federal Reserve will announce the minutes of its monetary policy meeting;

  • The Bitcoin L2 network Botanix announced it will close its network before July 9 and urged users to withdraw quickly;

  • Binance will delist ALCX, ARDR, NFP, POND on July 10;

  • Legend will officially shut down on July 12, and users must withdraw funds before then;

  • The White House is accelerating the formulation of release standards for advanced AI models, which may be announced as early as next week;

  • Pump.fun (PUMP) will unlock approximately 8.25 billion tokens at 10:00 PM Beijing time on July 12, with a circulation ratio of about 29.23%, worth approximately $125 million

July 6

Exchange:

The African crypto exchange VALR will launch perpetual contract products through integration with Hyperliquid on July 6

Africa's largest cryptocurrency exchange VALR announced that it will launch the "Perps" perpetual contract product on July 6, introducing over 200 cross-asset perpetual contract markets via native integration with the decentralized public chain Hyperliquid. VALR will rely on Hyperliquid for underlying liquidity and execution, focusing on local user interface and compliance services.

Token Unlock:

Hyperliquid (HYPE) will unlock approximately 452,000 tokens at 8:00 AM Beijing time on July 6, with a circulation ratio of about 0.2%, worth approximately $30.9 million

July 7

Project Update:

NEAR announces an important update on July 7

NEAR posted a preview announcing it will reveal important news on July 7, with the note "for Business".

Berachain will undergo PoL Next upgrade on July 7, and the BGT token will be deprecated

The Berachain Foundation tweeted that the PoL Next upgrade will go live on the mainnet from July 7 to 8. Major changes include the deprecation of the BGT token (the governance token from the original Proof-of-Liquidity model and associated Boost mechanism will be gradually phased out); BERA and sWBERA will take over (BERA will become the main economic unit, while sWBERA will serve as a new value accumulation layer aimed at providing more concentrated protocol rewards for long-term participants); introduction of the ERAs mechanism (projects must prove real on-chain income and utility to qualify for token emissions incentives, rather than competing through Boost voting).

Axie Infinity will start the migration of Land Item smart contracts on July 7

Blockchain game Axie Infinity tweeted that it will migrate Land Item to a new smart contract supporting REP-15 in preparation for its integration with Terrariums. During the migration period, Land Items will still comply with the ERC-721 standard; listed items will be delisted, and active items will be locked during the migration process. After migration, items of the same ID will be minted and returned to users' wallets. The migration will start at 3:00 PM on July 7 and continue until completion; during this time, transactions related to Land Item will be paused, and normal trading and usage will resume after migration is complete. Users do not need to take any actions; further announcements will be made upon completion.

Token Unlock:

RedStone (RED) will unlock approximately 40.85 million tokens at midnight on July 7 Beijing time, with a circulation ratio of about 9.8%, worth approximately $4.1 million

July 8

Project Update:

The Interfold will hold an auction for FOLD tokens on July 8

The privacy infrastructure project The Interfold will conduct a FOLD token auction through Uniswap CCA. The pre-bidding and KYC verification window will open from July 6 to 7; the auction will start on July 8 at 22:00; it will end on July 10 at 22:00, and successful participants can claim tokens through the Uniswap interface. There will be a 40-day cooling period for FOLD tokens after the auction, during which they can only be staked in Ciphernode and cannot be freely transferred.

Participants must complete KYC verification through Predicate. The auction will adopt a unified clearing price mechanism, allowing bidders to set maximum FDV and budget, and the excess beyond the clearing price can be withdrawn for re-bidding. Token transfers are planned to be unlocked around August 19 and to complete TGE.

According to reports,Ethereum founder Vitalik stated more people should understand the privacy protocol Interfold, claiming it essentially implements the concept he has advocated for almost a decade around MACI (Minimum Anti-Collusion Infrastructure).

Squid token public sale distribution will be announced on July 8, and its tokens will be launched in the third quarter

Cross-chain infrastructure Squid's public sale has ended, with a total investment of over $26.6 million from participants on both Legion and Kraken platforms, and over 3,500 participants, exceeding the overfunding by about 26.66 times. Squid stated that the public sale distribution will be announced on July 8, and tokens will officially be launched in the third quarter.

July 9

Macroeconomics:

On July 9, Thursday at 02:00 Beijing time, the Federal Reserve will announce the minutes of its monetary policy meeting

The latest meeting minutes from the Federal Reserve will be the highlight of next week's economic calendar, with investors looking for more clues on whether and when interest rates in the United States may be raised. This was the first meeting since the appointment of the new Federal Reserve Chairman Waller, during which interest rates remained unchanged in the range of 3.5% to 3.75%.

At 19:30 Beijing time on July 9, the European Central Bank will announce the minutes of the June monetary policy meeting

Exchange:

Binance will upgrade the spot API on July 9, expected to last about an hour

As part of ongoing optimization of the spot API, Binance will perform infrastructure upgrades on July 9, 2026, at 15:00 (UTC+8), expected to last about an hour. During the upgrade, WebSocket connections may be interrupted; if this occurs, please reconnect to restore.

Project Update:

The Bitcoin L2 network Botanix announced it will close its network before July 9 and urged users to withdraw quickly

The Bitcoin Layer 2 network Botanix Labs announced it will complete the network shutdown before July 9 and called on users to withdraw BTC and other assets as soon as possible, or the remaining funds after the deadline will be pooled by the network alliance. The project stated that nearly four years of experimentation showed limited demand for Bitcoin native DeFi, and transaction fee income was insufficient to cover infrastructure costs. Its Spiderchain mainnet operated for a year with 100% uptime and zero security incidents, processing about 25 million transactions and serving 200,000 wallets, but user behavior leaned more toward long-term storage rather than high-frequency trading. The team summarized that Bitcoin remains mainly a reserve asset for most users, with DeFi demand priced in BTC flowing more towards WBTC on networks like Ethereum.

LayerZero will upgrade the default DVN configuration to 3-of-3 on July 9 and plan to deprecate v1 relayers

LayerZero released an update announcement, stating that it will upgrade the default path configurations for Endpoint v1 and v2 on July 9. Specifically, the default configuration for Endpoint v2 will be raised from 2-of-2 to at least 3-of-3; the default library for Endpoint v1 will switch from ULNv2 to ULNv301. This change will only affect applications using the default settings and is expected to cause a brief interruption of about 15 minutes. In addition, LayerZero plans to deprecate the relayers serving v1 (ULNv2) on August 3; teams using ULNv2 need to rebind to ULNv301, or message delivery will stop.

In terms of security clients, LayerZero will rename the original TypeScript version of Gasolina to Aegis and launch a Rust version of the Veritas verification client, both of which will run in parallel to enhance RPC consensus robustness. At the same time, LayerZero plans to upgrade all multi-signature thresholds to 5-of-7 in June, and further increase them to 7-of-10 before the end of summer.

Token Unlock:

Movement (MOVE) will unlock approximately 165 million tokens at 8:00 PM Beijing time on July 9, with a circulation ratio of about 4.29%, worth approximately $2 million

July 10

Policy Regulations:

The Malta Financial Services Authority released a DeFi discussion document exploring how to bring it under regulatory oversight, with a consultation period ending on July 10

The Maltese financial regulator is exploring how decentralized finance (DeFi) can fit into the EU crypto asset market (MiCA) framework, focusing on governance, accountability, and the implications of "full decentralization."

The Malta Financial Services Authority (MFSA) stated in a discussion document released on Wednesday that while MiCA excludes cryptocurrency services provided in a "fully decentralized manner, without any intermediaries," many DeFi projects retain centralized characteristics such as admin keys, centralized governance, upgrade rights, and control over user-facing interfaces. The MFSA paper also proposed whether regulated cryptocurrency companies should be required to conduct smart contract audits, governance reviews, and risk assessments before integrating DeFi protocols into their services. The discussion document publicly solicits opinions until July 10. Under the EU's cryptocurrency regulatory framework, DeFi occupies a gray area as it excludes services provided in a fully decentralized manner but lacks a clear description of when protocols or platforms meet that threshold.

Exchange:

Binance will delist ALCX, ARDR, NFP, POND on July 10

Binance announced it will stop trading and delist the spot trading pairs for Alchemix (ALCX), Ardor (ARDR), NFPrompt Token (NFP), Marlin (POND) at 11:00 on July 10, 2026 (UTC+8), simultaneously terminating related trading robot services. Recharge for the aforementioned tokens will no longer be credited from 11:00 on July 11, and withdrawals will cease at 11:00 on September 9, with the platform possibly converting remaining tokens into stablecoins for users after September 10. Related perpetual contracts, funding rate arbitrage robots, leverage, borrowing, mining pools, yield farming, flash swaps, one-click buy and sell, gift cards, and payment services will also sequentially stop supporting the aforementioned tokens according to the announcement schedule.

Project Update:

Adam Back's BSTR and Cantor SPAC merger vote has been postponed again to July 10

Adam Back's Bitcoin Standard Treasury (BSTR) and Cantor Equity Partners I's merger shareholder vote has been postponed again to July 10. If the merger is completed, BSTR may purchase over 25,500 Bitcoins.

Token Unlock:

Linea (LINEA) will unlock approximately 1.08 billion tokens at 7:00 PM Beijing time on July 10, with a circulation ratio of about 3.63%, worth approximately $2.7 million

July 11

Special Attention:

Negotiations between the United States and Iran will take place in Pakistan on July 11

According to reports from Saudi media Hadath and Arab Satellite Television, negotiations between the United States and Iran will take place in Pakistan on July 11.

Token Unlock:

io.net (IO) will unlock approximately 13.29 million tokens at 8:00 PM Beijing time on July 11, with a circulation ratio of about 3.61%, worth approximately $2.3 million

July 12

Project Update:

Legend has decided to shut down after two years of operation and will officially go offline on July 12

Legend CEO Jayson Hobby posted on platform X stating the company decided to shut down after two years of operation. Legend aimed to make on-chain finance as simple as traditional applications; although the product found a certain audience, it failed to achieve a scale for long-term sustainability. Hobby stated that mainstream users do not care whether the products are on-chain; they care about better returns, faster payments, and more control over their funds. The winning products are not those explaining crypto better, but those that can completely hide the crypto underlayer and make users feel only the benefits. The Legend application will operate normally for the next 60 days and will officially go offline on July 12, and users must withdraw funds before then.

Token Unlock:

Pump.fun (PUMP) will unlock approximately 8.25 billion tokens at 10:00 PM Beijing time on July 12, with a circulation ratio of about 29.23%, worth approximately $125 million

Aptos (APT) will unlock approximately 11.31 million tokens at 10:00 PM Beijing time on July 12, with a circulation ratio of about 0.66%, worth approximately $6.9 million

Time TBD

Policy Regulation:

The White House is accelerating the formulation of release standards for advanced AI models, which may be announced as early as next week

The White House is working with AI companies like OpenAI and Anthropic to promote voluntary security standards, which could be announced next week. The new rules will set assessment benchmarks, review processes, and release timelines for cutting-edge models with advanced network attack capabilities and clarify domestic and international access permissions. Previously, the Trump administration restricted the export of new models by Anthropic and required OpenAI's GPT-5.6 to be accessible only to approved institutions, reflecting the United States' tightening of national security oversight of high-risk AI models.

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