Must-Watch Next Week | The U.S. House of Representatives will review three major cryptocurrency bills; June CPI data is about to be released (7.14-7.20)

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Must Watch Next Week|U.S. House of Representatives to Review Three Major Crypto Bills; June CPI Data to be Released Soon (7.14-7.20)

Next Week's Key Preview

July 14

U.S. House of Representatives designates the week of July 14 as "Crypto Week," advancing the GENIUS stablecoin bill and two other legislations

Tornado Cash co-founder Roman Storm to be tried on July 14, U.S. Department of Justice withdraws some charges

Plasma: Deposits and withdrawals will be locked on July 14, XPL public sale expected to start on July 17

July 15

U.S. to release June CPI data on July 15 at 20:30

July 17

WLFI token transfer proposal is open for community voting, voting will end on July 17

Caldera has opened airdrop pre-registration, users who do not complete pre-registration by July 17 will not receive the airdrop

Others (Specific time not yet determined)

Sonic: First season airdrop claims will be open from July 15 to 22

From July 14 to July 20, more noteworthy events in the industry are as follows.

July 14

U.S. House of Representatives designates the week of July 14 as "Crypto Week," advancing the GENIUS stablecoin bill and two other legislations

Odaily Planet Daily reports that the Republican Party in the U.S. House of Representatives has announced that the week of July 14 will be designated as "Cryptocurrency Week," focusing on three key crypto legislations, including the Senate-passed GENIUS Stablecoin Bill, the market structure bill "Clarity," and a proposal opposing Central Bank Digital Currencies (CBDC). This move aims to promote the Trump administration's digital asset agenda and strives to complete legislative delivery before August. The GENIUS bill requires stablecoins to be fully backed by liquid assets such as the U.S. dollar and mandates annual audits for issuers with a market capitalization exceeding $50 billion. This agenda is seen as an important milestone in the U.S. crypto policy moving towards comprehensive clarity. (The Block)

Tornado Cash co-founder Roman Storm to be tried on July 14, U.S. Department of Justice withdraws some charges

Odaily Planet Daily reports that Tornado Cash co-founder Roman Storm will be tried on July 14. The U.S. Attorney's Office for the Southern District of New York stated on Thursday that it will not pursue some charges related to "unlicensed money transmission," but will still file lawsuits for "money laundering," "some unlicensed transmission," and "conspiracy to violate the International Emergency Economic Powers Act." The DeFi Education Fund stated, "While this aligns with the Department of Justice's April 2025 memorandum calling for an end to 'prosecution as regulation' and stopping the prosecution of registration violations, it does not fully correct the Department's errors in this case." Coin Center Executive Director Peter Van Valkenburgh also expressed disappointment: "The criminal law provision's relationship with the Bank Secrecy Act is ambiguous and should invoke the principle of lenient interpretation to rule in favor of the defendant."

Plasma: Deposits and withdrawals will be locked on July 14, XPL public sale expected to start on July 17

Odaily Planet Daily reports that the stablecoin project Plasma announced on the X platform that deposits and withdrawals will be locked on July 14 (72 hours before the sale). The official reminds that vault recharges cannot be used for this sale, so please prepare available funds in advance. All recharges will be locked for at least 40 days after the sale ends.

OpenZK Network to launch OZK staking on July 14

Odaily Planet Daily reports that OpenZK Network announced it will launch OZK staking on July 14, allowing users to earn network rewards and empower OZK. The introduction of the staking feature will further enhance the functionality of OZK and effectively increase its use cases.

At the same time, OpenZK announced it is exploring a dual-token gas fee model, allowing users to use both ETH and OZK as network gas fees, with related research and development ongoing.

Binance Alpha to launch Chainbase (C) on July 14 and open airdrop claims

Odaily Planet Daily reports that Binance Alpha announced it will launch the Chainbase (C) project on July 14. Eligible users can claim airdrops on the Alpha event page using Binance Alpha points after trading begins. The official stated that more details will be announced soon, and users can follow Binance channels for the latest information.

July 15

U.S. to release June CPI data on July 15 at 20:30

Odaily Planet Daily reports that on July 15 at 20:30 Beijing time, the U.S. will release June CPI data.

Wormhole's first staking rewards (SRP1) have been fully distributed, users must claim by July 15

Odaily Planet Daily reports that Wormhole's first staking rewards (SRP1) began distribution on January 16, 2025, and have now been fully released. Eligible users must claim their unclaimed rewards through the official platform by July 15, 2025 (within 90 days). Rewards not claimed by the deadline will return to the SRP pool for distribution in future reward cycles.

July 16

Tuttle Capital has submitted an amendment to change the effective date of a batch of 2x leveraged crypto ETFs to July 16

Odaily Planet Daily reports that Bloomberg senior ETF analyst Eric Balchunas stated on the X platform that Tuttle Capital 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 they will definitely launch, but generally, the effective date is the launch date for ETFs, and it is likely that others (similar products) will follow suit.

SOON Foundation launches governance system and plans to permanently destroy 3% of SOON tokens, next Wednesday's AMA will detail the buyback plan

Odaily Planet Daily reports that the SOON Foundation has launched a governance system today, allowing SOON holders to participate in voting decisions. It also announced a proposal to permanently destroy 30 million SOON (3% of total supply) to address recent market volatility, with approximately 7.7 million unclaimed airdrops to be destroyed first, and the remaining 22.3 million to be repurchased from centralized exchanges before destruction. Additionally, the SOON Foundation will hold a community AMA next Wednesday to detail the token buyback plan and is developing on-chain buyback products to further enhance on-chain liquidity.

July 17

WLFI token transfer proposal is open for community voting, voting will end on July 17

Odaily Planet Daily reports that according to official page information, the WLFI token transfer proposal is open for community voting, with current support at 99.93% and opposition at 0.07%. Voting will end on July 17. The proposal aims to solicit community opinions and formally initiate token transferability. If the proposal is approved, the team will initiate token distribution to eligible early supporters and start community governance through a second vote to decide the unlocking of the remaining tokens.

Caldera has opened airdrop pre-registration, users who do not complete pre-registration by July 17 will not receive the airdrop

Odaily Planet Daily reports that the Ethereum Rollup deployment platform Caldera has opened airdrop pre-registration. Eligible wallets must complete the pre-registration process by July 17 at 12:00 AM (UTC) to receive the airdrop.

July 18

None

July 19

None

July 20

None

Others (Specific time not yet determined)

Sonic: First season airdrop claims will be open from July 15 to 22

Odaily Planet Daily reports that Sonic's official announcement on the X platform states that first season airdrop claims will be open at random times between July 15 and 22.

Letsbonk founder: Platform website updates expected to roll out next week

Odaily Planet Daily reports that Letsbonk founder Tom stated on the X platform that the new website is nearly complete and ready to launch. Some users have been invited to test it, and the feedback has been very positive. The official release is getting closer, and issues such as searching for tokens using Chinese characters have been fixed. Additionally, it was commented that updates should be rolled out one by one next week.

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