This Week's News Preview | The Trump Administration's Digital Asset Working Group Plans to Submit Its First Important Report on Cryptocurrency Policy

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Organized by: Jerry, ChainCatcher

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July 21 (Monday)

Thailand SEC publicly solicits opinions on new cryptocurrency listing regulations, feedback collection will last until July 21

The Thailand Securities and Exchange Commission (SEC) announced the launch of a public consultation on new regulations for digital asset listings, with feedback collection lasting until July 21, 2025.

The new regulation proposal allows exchanges to list digital tokens issued by themselves or related parties, while requiring stricter information disclosure to prevent insider trading. The new rules also require the disclosure of information related to personnel associated with the token issuer and the marking of warning symbols in reporting systems to enhance market supervision.

Coinbase will launch US perpetual futures products on July 21

Coinbase Derivatives announced that it will launch US Perpetual-Style Futures products on July 21, making it one of the first of its kind in the United States. The product will comply with CFTC regulations and provide a leveraged trading experience closely tracking spot prices.

The first contracts to be launched include nano Bitcoin perpetual futures (0.01 BTC) and nano Ethereum perpetual futures (0.10 ETH). These products utilize a funding rate mechanism to keep futures prices aligned with the spot market and offer 24/7 trading with long-term contracts designed to expire in 5 years.

Binance Alpha and Binance Futures will launch Trusta.AI (TA) on July 21

According to Binance's announcement, Trusta.AI (TA) will open for trading on Binance Alpha at 07:00 (UTC) on July 21, 2025, and the TAUSDT perpetual contract will launch at 07:30 (UTC) on the same day, with leverage up to 50 times.

Binance is the first platform to list Trusta.AI (TA). To celebrate the launch, eligible users can claim exclusive airdrops using Binance Alpha points on the Binance Alpha event page from 07:00 to 07:00 (UTC) on July 22. Trusta.AI is a protocol redefining trust for the AI era through identity and on-chain reputation.

Electric vehicle company Volcon expects to raise over $500 million on July 21 to initiate Bitcoin financial strategy

According to Business Insider, publicly listed electric vehicle company Volcon (NASDAQ: VLCN) announced a private fundraising of over $500 million, planning to use at least 95% of the funds to purchase Bitcoin as the company's primary reserve asset. The financing is led by Empery Asset Management, with participation from well-known crypto venture capital firms such as FalcolnX, Pantera, and Borderless.

Volcon co-CEO John Kim stated that holding Bitcoin is a strategic move to safeguard shareholder value in an era of accelerating currency devaluation. The transaction is expected to be completed on July 21.

Berachain proposes to reallocate 33% of PoL rewards designated for BGT to the BERA yield module, community voting on July 21

Berachain released the "PoL v2" proposal, planning to redirect 33% of PoL incentives to the native BERA yield module, allowing BERA holders to directly receive protocol revenue, enhancing token utility and yield capability. This module supports a 7-day unbinding period to curb arbitrage and encourage long-term holding.

The proposal was open for community feedback from July 14 to 20, with governance voting on the 21st. If passed, it is expected to go live on the mainnet on July 21.

The team stated that PoL v2 will enable BERA to achieve "maximum yield" in L1, ushering in a new era of blockchain 3.0 incentive mechanisms.

July 22 (Tuesday)

Trump administration's digital asset working group plans to submit its first important cryptocurrency policy report by July 22

According to Crypto In America, the Trump administration's digital asset working group is preparing to submit its first important cryptocurrency policy report by July 22.

This report is the result of months of collaboration between working group leaders David Sacks, Bo Hines, and senior officials from the Treasury Department, Commerce Department, SEC, and CFTC, aimed at implementing President Trump's executive order signed in January to strengthen the United States' leadership in the cryptocurrency space. The report is expected to include regulatory and legislative recommendations, but specific details remain unclear. The working group's original tasks included developing a federal digital asset framework covering stablecoins (Congress has initiated related procedures) and exploring whether to establish a national digital asset reserve (which Trump established in March).

Working group member and CFTC acting chair Caroline Pham stated in a recent speech that the report will serve as the government's "cryptocurrency roadmap" and described the current work as "productive." White House officials indicated that the report will be released as scheduled before the July 22 deadline.

Although the details of the report have not been disclosed, industry insiders speculate it may include: a strategic Bitcoin reserve fundraising plan that does not increase taxpayer burdens, and recommendations to ensure that crypto companies have fair access to banking services from institutions like the Federal Reserve— which has historically refused to allow crypto companies direct access to its payment systems.

Binance Alpha will launch Yala (YALA) on July 22

Binance officially announced that the Alpha platform will be the first to launch the Yala (YALA) token on July 22. Eligible users can claim airdrops using points on the Alpha event page, with specific details to be announced later.

Binance Wallet's exclusive TGE will launch Delphinus Lab (ZKWASM) on July 22

According to the official announcement, Binance Wallet's exclusive TGE Phase 31 will launch Delphinus Lab (ZKWASM).

  • Subscription time: July 22, 2025, from 4 PM to 6 PM (UTC+8);
  • Subscription eligibility: Eligible users must use Binance Alpha points to participate;
  • An additional 40,000,000 ZKWASM will be allocated for future activities, with specific details to be announced later.

AML Bitcoin founder to be sentenced on July 22, facing up to 30 years in prison for fraud and money laundering

According to News.bitcoin, a federal jury in San Francisco found AML Bitcoin founder and CEO Rowland Marcus Andrade guilty of telecommunications fraud and money laundering. Andrade is set to be sentenced on July 22, 2025. He faces up to 20 years in prison for telecommunications fraud and up to 10 years for money laundering, along with the forfeiture of assets related to his crimes.

Evidence presented during the trial showed that the 47-year-old Andrade from Texas misappropriated over $2 million from AML Bitcoin sales for personal expenses, including the purchase of two properties in Texas and two luxury cars. He laundered investors' funds through various bank accounts and then used those funds to finance his purchases. The jury found that Andrade falsely claimed that AML Bitcoin was about to receive approval from the Panama Canal Authority, but no such agreement existed. Through these false statements, he raised millions of dollars from investors.

Panbubu's governance vote on the token economic model will end on July 22

According to Polyhedra Network, Panbubu has officially launched the PANBUBU token economic model governance vote. This vote is open to all SBT holders, and participants will vote on key parameters such as the token issuance mechanism, allocation structure, and incentive plans.

This round of governance marks a critical phase for Panbubu, transitioning to a community-led approach aimed at building a more sustainable, consensus-driven economic system.

Voting deadline: July 21, 2025, 23:59 (UTC).

July 23 (Wednesday)

216th Ethereum ACDE Meeting: Developers plan to launch Fusaka Devnet-3 on July 23

The minutes of the 216th Ethereum Execution Layer Core Developers (ACDE) meeting summarized by Christine Kim indicate that today developers decided to remove EIP 7907 from the Fusaka upgrade, meaning that the smart contract code size limit for Ethereum will not change in the foreseeable future.

A version of this EIP may be reintroduced for the Glamsterdam hard fork, but there is no guarantee it will be included in the next hard fork.

Additionally, Tim Beiko shared a possible timeline for the mainnet launch of Fusaka. The proposed timeline is as follows: 1. Public testnet release: week of August 25; 2. First public testnet upgrade: September 22 to October 3; 3. Second testnet upgrade: October 6 to 10. Furthermore, developers plan to launch Fusaka Devnet-3 on July 23.

Regarding the Glamsterdam hard fork, developers have generally reached a consensus on the planned implementations. However, they are still discussing several key issues regarding how to specifically implement the "proposer-builder separation solidification mechanism" and "block-level access lists."

After further soliciting broader feedback from the Ethereum community, developers plan to make a final decision on the core code changes in the Glamsterdam upgrade within the next two to four weeks.

July 24 (Thursday)

Binance Alpha will launch Aspecta (ASP) on July 24

According to the official announcement, Binance Alpha will launch Aspecta (ASP) on July 24. Eligible users can claim airdrops using Binance Alpha points on the Alpha event page once trading opens. More details will be announced soon.

July 25 (Friday)

Tornado Cash co-founder Roman Storm's case statement is expected to conclude by July 25

According to Cointelegraph, the U.S. Attorney's Office for the Southern District of New York is expected to conclude its case statement against Tornado Cash co-founder Roman Storm by July 25. Storm is charged with money laundering, operating an unlicensed money transmission business, and violating U.S. sanctions, facing several years in prison if all charges are upheld.

The prosecution has summoned several witnesses, including FBI agents and forensic accountants, to testify. Storm's defense team plans to argue the importance of cryptocurrency privacy protection and may cite kidnapping cases involving crypto users as evidence to support their position.

Roman Storm co-founded Tornado Cash in 2019 with Alexey Pertsev and Roman Semenov. The case is expected to be heard over 3 to 4 weeks.

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