Weekly Preview | Wyoming Stablecoin WYST is about to launch; Powell will speak at Jackson Hole, and the market is focused on interest rate cuts and succession trends.

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Important News Preview:

  • Fasttoken (FTN) will unlock approximately 20 million tokens at 8:00 AM Beijing time on August 18, accounting for 2.08% of the current circulation, valued at approximately $91.4 million;
  • Brazil plans to hold a hearing on Bitcoin strategic reserves on August 20;
  • Wyoming's stablecoin WYST is set to launch on August 20;
  • LayerZero (ZRO) will unlock approximately 25.71 million tokens at 7:00 PM Beijing time on August 20, accounting for 8.53% of the current circulation, valued at approximately $56.6 million;
  • The Federal Reserve will release the latest monetary policy meeting minutes at midnight Beijing time on August 21;
  • Powell will speak at Jackson Hole on August 22, with the market focusing on interest rate cuts and succession trends.

August 18

Policy and Regulation:

Thailand will launch a cryptocurrency exchange program for foreign tourists on August 18

Thailand will launch the TouristDigiPay program on Monday, August 18, allowing foreign tourists to exchange cryptocurrency for Thai Baht for payments to revitalize the tourism industry. Under this program, foreign tourists must open accounts with digital asset companies and electronic money providers regulated by both the U.S. Securities and Exchange Commission (SEC) and the Bank of Thailand. The program operates within a regulatory sandbox to ensure compliance and prevent the direct use of digital assets as a payment method. Only foreign tourists temporarily staying in Thailand can use this service. Participants must complete "KYC" and customer due diligence according to anti-money laundering office standards.

Exchanges:

Binance Alpha will list Reservoir (DAM) on August 18, supporting spot and futures trading

Binance Alpha will be the first platform to list Reservoir (DAM), with spot trading opening at 11:00 AM (UTC) on August 18 and futures trading opening at 12:30 PM (UTC) on the same day. Eligible users can claim airdrops using Binance Alpha Points through the Alpha Events page, with more details to be announced later.

Binance will launch the 34th TGE project RICE (RiceAI) on August 18

Binance Wallet will host the 34th RICE (RiceAI) project TGE through PancakeSwap on August 18, with subscription time from 8:00 to 10:00 (UTC). Users need to use Binance Alpha Points to participate. Additionally, the official will provide an extra 40,000,000 RICE for subsequent activities, with specific details to be announced.

Coinbase will conduct system maintenance on August 18

Coinbase will conduct system maintenance on August 18, during which transfers of Bitcoin, Litecoin, Bitcoin Cash, Zcash, Dash, and Lightning Network will be delayed. All ERC20 and ETH transfers on the Ethereum and Ethereum Classic networks will also be affected, but buying, selling, and trading functions will not be impacted.

Coinbase Derivatives will launch mini perpetual futures for SOL and XRP on August 18

Coinbase Derivatives will launch nano SOL and nano XRP U.S. perpetual futures on August 18, further expanding its derivatives product line and providing broader market access for U.S. investors.

Project Updates:

OKB Burn and Upgrade: Smart Contract Upgrade on August 18

According to an announcement from OKX, the OKB Smart Contract is expected to be upgraded at 2:00 PM on August 18 as part of the X Layer's PP upgrade and the launch of the OKB Gas Token economic model optimization plan, removing the functions of issuance and burning.

Cap will launch on the Ethereum mainnet on August 18, introducing a native points system Caps

The yield protocol Cap will launch on the Ethereum mainnet on August 18, at which point all protocol functions will officially activate. This launch will initiate a new on-chain yield economy and reward the earliest explorers through the Frontier program. The Frontier program will last up to 5 months and will introduce a native points system Caps, which may end early if specific targets are met. The program will be divided into several phases, each providing Caps for various activities.

Kaito AI: Capital Launchpad will open RISE token public sale at 8:00 PM on August 18

Kaito AI announced that its Capital Launchpad will open the public sale for RISE tokens at 8:00 PM on August 18. The FDV for this round of public sale is $200 million (fixed), with a target financing of over $2 million and a maximum issuance cap of 4% of the total supply, unlocking 50% at TGE and another 50% after 6 months (fixed).

Token Unlocks:

Fasttoken (FTN) will unlock approximately 20 million tokens at 8:00 AM Beijing time on August 18, accounting for 2.08% of the current circulation, valued at approximately $91.4 million.

Melania Meme (MELANIA) will unlock approximately 26.25 million tokens at 8:00 AM Beijing time on August 18, accounting for 5.60% of the current circulation, valued at approximately $5.7 million.

August 19

Exchanges:

Deribit will launch USDC-settled Bitcoin and Ethereum linear options on August 19

Cryptocurrency derivatives exchange Deribit announced that it will launch USDC-settled Bitcoin (BTC) and Ethereum (ETH) linear options and futures contracts on August 19, further expanding its stablecoin-settled product line. The new contracts will have a minimum order size of 0.01 BTC and 0.1 ETH, enhancing trading accessibility. Deribit previously launched USDC-settled linear options for Solana, Polygon, and XRP, while existing MATIC options have been delisted. Deribit stated that the growing demand from institutions and retail for stablecoin-settled derivatives prompted this expansion. The exchange's trading volume exceeded $185 billion this month and was recently acquired by Coinbase for approximately $2.9 billion.

Project Updates:

Bless opens TIME token airdrop registration window, closing on August 19

The official Solana ecosystem shared computing protocol Bless announced on platform X that the registration window for the TIME token airdrop is now open. Users must complete registration by linking social accounts, linking wallets, and other steps by August 19 to qualify for the upcoming TIME token airdrop. Additionally, importing the current wallet into an OKX wallet or creating a new OKX wallet address during registration will grant a 5% token airdrop bonus.

August 20

Policy and Regulation:

Brazil plans to hold a hearing on Bitcoin strategic reserves on August 20

The Brazilian Federal Chamber of Deputies has scheduled a public hearing on August 20 to discuss the establishment of a national Bitcoin reserve.

The U.S. temporarily exempts some sanctions against Russia, with the authorization valid until August 20

According to a report by the Global Times citing the Ukrainian newspaper Kyiv Independent, the U.S. Treasury Department announced a temporary exemption from some sanctions against Russia, allowing transactions necessary for preparations for the U.S.-Russia summit in Alaska to facilitate the summit's preparations. On August 13 local time, the U.S. Treasury's Office of Foreign Assets Control issued a temporary license, allowing certain commercial activities under the "Russia Harmful Foreign Activities Sanctions Program" and "Ukraine/Russia-related Sanctions Regulations," but not involving the unfreezing of any frozen Russian assets. This authorization is valid until August 20 and is limited to commercial transactions necessary to support the summit preparations.

Exchanges:

ProShares and Bitwise apply to launch double-leveraged and income CRCL ETFs tracking Circle, expected effective date August 20

According to Bloomberg analyst Eric Balchunas, Circle Internet Group (CRCL), which just went public last Thursday, will see two ETFs based on its stock: ProShares plans to launch the Ultra CRCL ETF with 2x leverage, while Bitwise plans to launch a CRCL income ETF primarily based on a Covered Call strategy. Both are expected to be effective on August 20, 2025.

Project Updates:

Wyoming's stablecoin WYST is set to launch on August 20

The Wyoming Stablecoin Committee is a government-supported organization responsible for developing the WYST stablecoin. According to its latest monthly meeting minutes, the committee plans to launch the mainnet on August 20. The organization has not yet determined which of the 11 blockchains—Aptos, Arbitrum, Avalanche, Base, Ethereum, Optimism, Polygon, Sei, Solana, Stellar, and Sui—WYST will officially launch on. However, the first government-supported stablecoin may be selected for issuance on multiple blockchains.

According to the latest timeline, the organization plans to "migrate the WYST smart contract to" the designated "candidate" blockchain. After that, the organization will conduct "production testing" by "using institutional funds to finance a small WYST procurement and ensuring that the end-to-end process is in place," preparing for the public release scheduled during the Wyoming Blockchain Workshop in August.

AI project Sapien will hold TGE on August 20, with 5% airdropped to early contributors

The Sapien Foundation announced that it will hold the SAPIEN token generation event (TGE) on August 20, marking the initial issuance and distribution of tokens. The token is built on Coinbase's Layer-2 blockchain Base and will support a decentralized data minting platform, providing high-quality data support for AI. The event will adopt a fair issuance model, with an initial unlock of 25% of the total supply and a 5% airdrop of tokens to early contributors, while CookieDAO community members will receive a 0.5% allocation.

It is reported that the AI data collection startup Sapien announced last year that it completed a seed round financing of $10.5 million, led by venture capital firm Variant, with participation from Primitive Ventures, Animoca, Yield Game Guild, and HF0. Angel investors, including YGG founder Gabby Dizon and SoftBank Vision Fund alumnus Kevin Jiang, also participated in this round of financing.

Boundless verification competition Phase 1 will end on August 20 and a snapshot will be taken

The first phase of the Boundless verification competition for the universal ZK protocol will end at 11:00 AM Beijing time on August 20. The team will take a snapshot of the leaderboard. Based on this snapshot, 0.5% of the Boundless token supply will be allocated to participating users at TGE. After August 20, a new leaderboard will begin recording until the mainnet goes live. Rewards from this leaderboard will be airdropped after the PoVW mainnet launch.

Token Unlocks:

LayerZero (ZRO) will unlock approximately 25.71 million tokens at 7:00 PM Beijing time on August 20, accounting for 8.53% of the current circulation, valued at approximately $56.6 million.

KAITO (KAITO) will unlock approximately 23.35 million tokens at 8:00 PM Beijing time on August 20, accounting for 10.87% of the current circulation, valued at approximately $26.2 million.

ZKsync (ZK) will unlock approximately 25.71 million tokens at 7:00 PM Beijing time on August 20, accounting for 8.53% of the current circulation, valued at approximately $56.6 million.

August 21

Macroeconomics:

At 2:00 AM, the Federal Reserve will release the minutes of the monetary policy meeting;

At 3:00 AM, 2027 FOMC voting member and Atlanta Fed President Bostic will speak on the economic outlook;

Exchanges:

Upbit will delist STRIKE on August 21

The South Korean cryptocurrency exchange Upbit will delist STRIKE at 3:00 PM local time on August 21.

The Hong Kong Stock Exchange will list two new spot virtual asset ETFs on August 21

According to documents from the Hong Kong Stock Exchange, the MicroBit Bitcoin spot ETF and the MicroBit Ethereum spot ETF will be listed on the Hong Kong Stock Exchange next Thursday (August 21). Both ETFs have a management fee of 0.5% per year of net asset value, which is relatively low among existing virtual currency spot ETFs. Bank of China International UK Trust will act as the custodian and administrative manager, with HashKey Exchange as the virtual asset trading platform and Hash Blockchain Limited as the virtual asset sub-custodian. Participating brokers include China Merchants Securities (Hong Kong), Ade Securities and Futures, Future Asset Securities (Hong Kong), Huaying Dongfang (Asia), Huasheng Capital Securities, and Victory Securities.

August 22

Macroeconomics:

Powell will speak at Jackson Hole on August 22, with the market focusing on interest rate cuts and succession trends

Federal Reserve Chairman Powell will speak at the Jackson Hole central bank annual meeting at 10:00 AM Eastern Time on August 22 (10:00 PM Beijing time) regarding the economic outlook and policy framework assessment.

Current tariffs have impacted inflation, and the job market is slowing down, with the market expecting the Federal Reserve to cut rates by 25 basis points in September. Trump continues to pressure for rate cuts and is looking for successors, as Powell's term will expire in May next year.

Project Updates:

BTC Digital postpones extraordinary general meeting to August 22

NASDAQ-listed BTC Digital Ltd. announced that it has postponed its extraordinary general meeting to August 22, 2025. The company previously announced that it would fully embrace Ethereum (ETH) as its core asset and operational foundation and plans to convert all BTC reserves into ETH, with related plans expected to be discussed and voted on at the shareholders' meeting.

August 23

Project Updates:

BitMEX will migrate its data center to Tokyo on August 23, during which services will be suspended

The BitMEX platform will migrate its data center from AWS Dublin to AWS Tokyo from 02:00 to 07:00 (UTC) on August 23, 2025. During the migration, all services, including the website, mobile app, trading, deposits, and withdrawals, will be temporarily unavailable. After the migration is complete, the system will operate in a "cancel-only" mode for at least 15 minutes before resuming normal trading. This migration does not require users to change their API connection settings, but users are advised to test their API integration in advance to ensure a smooth transition.

Token Unlocks:

SOON (SOON) will unlock approximately 41.88 million tokens at 4:30 PM Beijing time on August 23, accounting for 13.04% of the current circulation, valued at approximately $12.1 million.

August 24

Policy and Regulation:

The Central Bank of Brazil is seeking public comments on virtual asset accounting standards, with a deadline of August 24

According to the Central Bank of Brazil's official website, the Central Bank of Brazil is seeking public comments on virtual asset accounting standards. The main content of the resolution draft includes definitions of initial recognition and subsequent measurement standards, accounting treatment of issued virtual assets and third-party custodial virtual assets, and detailed information on the value changes of issued assets, asset nature, and related obligations disclosed in explanatory notes. The public can submit comments and suggestions through its official website or government platform by August 24, 2025.

Project Updates:

The blockchain game TOKYO BEAST will terminate services on August 24

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