Weekly Preview | Japan and Hong Kong will consecutively host cryptocurrency summit week; Jupiter (JUP) will unlock tokens worth approximately $27 million.

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Key News Preview:

  • Binance Alpha will launch Multiple Network (MTP) and Alttown (TOWN)
  • The Bitcoin Asia Summit will open on August 28 at the Hong Kong Convention and Exhibition Centre, with Eric Trump in attendance
  • The Japan Crypto Summit WebX will be held in Tokyo from August 25 to 26
  • The U.S. July Core PCE Price Index year-on-year will be released
  • Jupiter (JUP) will unlock approximately 53.47 million tokens at 10 PM Beijing time on August 28, accounting for 1.78% of the current circulation, valued at approximately $27.1 million
  • Kamino (KMNO) will unlock approximately 229 million tokens at 8 PM Beijing time on August 30, accounting for 6.81% of the current circulation, valued at approximately $13.3 million

August 25

Special Attention:

Trump and South Korean President Lee Jae-myung will meet in Washington on August 25

White House officials: U.S. President Trump and South Korean President Lee Jae-myung will meet in Washington on August 25.

Exchanges:

Binance Alpha will launch Multiple Network (MTP) on August 25

Binance Alpha will launch Multiple Network (MTP) on August 25. Eligible users can visit the Alpha event page to claim airdrops using Binance Alpha points after trading opens. Further details will be announced later.

Token Unlocks:

Venom (VENOM) will unlock approximately 59.26 million tokens at 4 PM Beijing time on August 25, accounting for 2.34% of the current circulation, valued at approximately $8.9 million.

AltLayer (ALT) will unlock approximately 240 million tokens at 6 PM Beijing time on August 25, accounting for 6.01% of the current circulation, valued at approximately $8.5 million.

Conference Events:

The Japan Crypto Summit WebX will be held in Tokyo from August 25 to 26.

August 26

Exchanges:

Binance Alpha will launch Alttown (TOWN) on August 26

Binance Alpha will launch Alttown (TOWN) on August 26. Eligible users can visit the Alpha event page to claim airdrops using Binance Alpha points after trading opens. Further details will be announced later.

Bybit will launch Centrifuge ($CFG) spot trading on August 26

Centrifuge ($CFG) will officially launch on Bybit's spot trading platform at 6 PM Beijing time on August 26.

Project Updates:

Mitosis Foundation: $MITO Genesis airdrop registration will be open until August 26

The modular liquidity protocol Mitosis Foundation announced that $MITO Genesis airdrop registration opened at 0:00 UTC on August 20 and will last until August 26. The total supply is 1 billion $MITO, with 10% allocated for the airdrop. Participants can choose to receive all $MITO immediately or lock $tMITO to redeem 2.5 times $MITO and additional rewards after 180 days. Eligibility includes protocol testers, community contributors, NFT holders, etc. Those who do not claim within the specified time will lose eligibility. The official reminder states that $MITO has not yet launched, and users should beware of scams.

CAMP airdrop eligibility query tool launched, users must register by August 26

According to the Camp Foundation announcement, the CAMP Season 1 airdrop eligibility query is now open, and users must complete registration by 11:59 AM Beijing time on August 26. Additionally, the Camp Foundation will waive the airdrop registration fee. All users who have paid the 0.0025 ETH registration fee will receive a full refund.

Lombard will launch a community round token public sale on Buidlpad on August 26, valued at $450 million

The Bitcoin DeFi protocol Lombard will conduct a community round token (BARD) public sale on Buidlpad from August 26 to September 4, valued at $450 million. The total sale amount is $6.75 million; 1.5% of the total supply will be allocated; public sale tokens will be fully unlocked at TGE; supported investment amounts range from $50 to $5000; payment tokens include USD1, LBTC, and BNB.

Token Unlocks:

Huma Finance (HUMA) will unlock approximately 378 million tokens at 9 PM Beijing time on August 26, accounting for 23.38% of the current circulation, valued at approximately $10 million.

Sahara AI (SAHARA) will unlock approximately 84.27 million tokens at 8 PM Beijing time on August 26, accounting for 3.97% of the current circulation, valued at approximately $7.3 million.

August 27

Exchanges:

OKX will delist leveraged pairs such as CATI and NMR on August 27 and 28

OKX announced the delisting of certain leveraged pairs: CATI/USDT, NMR/USDT, ICX/USDT, DGB/USDT, MEME/USDT, JST/USDT, RVN/USDT. OKX suspended leveraged trading and spot lending services for these pairs on August 21 at 6 PM and will delist the tokens on August 27 and 28.

Project Updates:

Gryphon shareholders will vote on the merger with Bitcoin mining company American Bitcoin on August 27

The Bitcoin mining company American Bitcoin Corp (ABC), supported by the Trump family, is set to complete a secret merger with Gryphon Digital Mining and list on NASDAQ. On July 31, Gryphon submitted a proxy statement to the U.S. Securities and Exchange Commission (SEC), officially confirming that shareholders will vote on the proposed merger on August 27. The SEC also announced the effectiveness of the S-4 registration statement outlining the transaction, a key regulatory approval that clears the way for the deal.

This merger was first announced in May, with ABC merging with Gryphon. Gryphon is a publicly traded Bitcoin mining company listed on NASDAQ under the ticker "GRYP." To prepare for this transaction, ABC raised $220 million through private equity financing last month.

Conference Events:

The Hong Kong Blockchain Summit will be held on August 27, with Hong Kong's Undersecretary for Financial Services and the Treasury, Chan Ho-lam, in attendance

Justice of the Peace, Mr. Chan Ho-lam, Undersecretary for Financial Services and the Treasury of the Hong Kong Special Administrative Region Government, confirmed his attendance at the "Hong Kong Blockchain Summit - and New Fire Technology Strategic Launch Conference," co-hosted by New Fire Technology (1611.HK) and the Greater Bay Area Financial Association. The summit will be held on August 27 at the Grand Hyatt Hotel in Hong Kong, inviting representatives from well-known companies including UBS, CMB International, Tiger Brokers, AWS, OSL, Alibaba Cloud, FSD Securities, and Tencent Cloud to participate in core topic discussions, exploring the digital finance narrative in the new economic cycle.

It is reported that the summit topics will revolve around the integration of RWA and the real economy, the prospects of stablecoins and PayFi, the compliant development of the digital asset industry, and future investments in the digital asset industry.

Governance Voting:

Solana will launch Alpenglow voting on August 27, DeFi Dev states it will vote in favor

Solana will initiate Alpenglow voting next week, and if approved, Solana's finality time will be reduced to about 100-150 milliseconds. This speed is comparable to centralized systems like Visa and significantly improves upon other blockchain networks. DeFi Dev Corp has stated it will vote in favor of this proposal, with the voting window from August 27, 2025, to September 2, 2025.

August 28

Macroeconomics:

On Thursday at 20:30, the U.S. second quarter real GDP annualized quarter-on-quarter revision will be released.

Exchanges:

Upbit, Bithumb, and other Korean DAXA members will terminate trading support for PUNDIAI on August 28

Korean cryptocurrency exchanges Upbit and Bithumb announced that members of the Korea Digital Asset Exchange Association (DAXA) plan to terminate trading support for Pundi AI (PUNDIAI) due to "the inability to eliminate related concerns based solely on the explanatory materials provided by the foundation regarding the designation as a trading warning project. After a comprehensive review of the project's legality, sustainability, and security, it was determined that the project does not meet the standards for maintaining trading support, and therefore, the decision was made to terminate trading support." Both Upbit and Bithumb will terminate trading support for PUNDIAI on August 28.

Project Updates:

Anthropic will introduce new weekly usage limits for Claude Pro and Max starting August 28

Conference Events:

Bitcoin Asia will open on August 28 at the Hong Kong Convention and Exhibition Centre, with Eric Trump in attendance.

The Bitcoin Asia Summit will be held in Hong Kong in August 2025, and the organizing committee has announced that American entrepreneur Eric Trump will attend as a special guest and deliver a speech. Eric Trump will share his observations and thoughts on global fintech trends, digital infrastructure development, and emerging innovation models.

Bitcoin Asia is dedicated to building a professional, open, and globally-oriented knowledge exchange platform to promote the development of the Bitcoin industry in Asia. The conference will take place from August 28 to 29, 2025, at the Hong Kong Convention and Exhibition Centre. This conference will gather developers, businesses, research institutions, and policymakers from the Asia-Pacific region and around the world to discuss the evolution of digital assets and the infrastructure behind them. The agenda will cover various dimensions, including application scenarios, business solutions, responsible innovation, and global collaboration, promoting cross-industry communication and industry implementation.

Token Unlocks:

Jupiter (JUP) will unlock approximately 53.47 million tokens at 10 PM Beijing time on August 28, accounting for 1.78% of the current circulation, valued at approximately $27.1 million.

Sophon (SOPH) will unlock approximately 267 million tokens at 9 PM Beijing time on August 28, accounting for 12.94% of the current circulation, valued at approximately $8.9 million.

August 29

Macroeconomics:

06:00, Federal Reserve Governor Waller will speak on monetary policy;

20:30, U.S. July Core PCE Price Index year-on-year, U.S. July Personal Spending month-on-month, U.S. July Core PCE Price Index month-on-month.

Policy Regulation:

The Hong Kong Financial Services and the Treasury Bureau and the Hong Kong Securities and Futures Commission are consulting on the proposed regulation of virtual asset trading service providers and custodians, deadline August 29

The Hong Kong Financial Services and the Treasury Bureau and the Hong Kong Securities and Futures Commission have jointly launched a public consultation on the regulatory framework for virtual asset trading and custodial service providers. The proposed framework will empower the Securities and Futures Commission to license and supervise virtual asset trading service providers and custodians, and enforce relevant regulations. The Commission will also be responsible for establishing compliance standards for these two important service providers, ensuring robust investor protection measures and maintaining market integrity based on the principle of "same business, same risk, same rules." The deadline for collecting relevant opinions is August 29, 2025.

August 30

Project Updates:

The Bitcoin L2 network Zulu Network is transforming into an AI project, with the mainnet and related services to be suspended on August 30

The Bitcoin Layer 2 network Zulu Network has announced its transition to the AI field, focusing on decentralized AI models, AI-driven smart contracts, and the integration of blockchain and AI. Former OpenAI expert Ishant Singh has joined the team as the Strategic AI Director to drive protocol development. Zulu plans to support liquidity through the BNB chain, with the mainnet and related services set to close on July 30, 2025, and suspend operations on August 30, with future decisions on restarting based on demand.

Token Unlocks:

Kamino (KMNO) will unlock approximately 229 million tokens at 8 PM Beijing time on August 30, accounting for 6.81% of the current circulation, valued at approximately $13.3 million.

Renzo (REZ) will unlock approximately 448 million tokens at 7 PM Beijing time on August 30, accounting for 11.36% of the current circulation, valued at approximately $6.2 million.

August 31

Governance Voting:

Sonic Labs releases the "U.S. Expansion and TradFi Adoption" proposal: proposing the issuance of $150 million worth of S tokens, voting will close on August 31

Sonic Labs has released a proposal titled "U.S. Expansion and TradFi Adoption," which outlines plans to establish Sonic USA, an entity specifically responsible for managing the protocol's entry into the U.S. financial system. Sonic Labs seeks community approval to implement several strategic initiatives. These initiatives include: establishing regulated exchange-traded products (ETP/ETF) to provide mainstream investors access to the Sonic Labs ecosystem; integrating BitGo custodial solutions to ensure compliance and security standards meet U.S. institutional requirements; exploring Nasdaq PIPE and potential listing pathways to facilitate Sonic Labs' entry into the traditional stock market.

The proposal suggests authorizing the issuance of $150 million worth of S tokens, including $50 million for ETF allocations, $100 million for Nasdaq PIPE, and the issuance of 150 million S tokens to enhance Sonic USA's capital base. This funding will support infrastructure development, regulatory filings, and the resources needed to scale operations in the most regulated financial environment. The proposal voting deadline is August 31.

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