Weekly Preview | Wosh Congressional Hearing Overlaps with CPI Data; WebX 2026 Held in Tokyo

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News Preview:

  • The United States will announce June CPI data at 20:30 Beijing time on July 14;
  • WebX 2026 will be held in Tokyo, Japan from July 13 to 14, with Japanese Prime Minister Sanae Takachi confirming his video attendance;
  • On July 14, the Wash hearing in Congress will coincide with the CPI, and the market expects more clues on interest rate prospects;
  • The U.S. House of Representatives Digital Assets, Financial Technology, and Artificial Intelligence Subcommittee will hold a hearing on the “CLARITY Act” in New York on July 17;
  • Google may release Gemini 3.5 Pro on July 17;
  • deBridge (DBR) will unlock about 618 million tokens at 8:00 AM Beijing time on July 17, with a circulation ratio of about 11.4%, valued at approximately 10.1 million USD.

July 13

Policy Regulation:

The UK will implement regulations on the first batch of key third-party institutions starting July 13

The UK Financial Conduct Authority (FCA) stated that the Bank of England, the Prudential Regulation Authority, and FCA will start regulating the first batch of key third-party institutions from July 13. The Treasury has designated AWS, Google Cloud, Microsoft, and Oracle as key third-party institutions.

The UK FCA plans to allow authorized funds to allocate up to 10% in crypto ETNs, with feedback due by July 13

The UK Financial Conduct Authority (FCA) proposed in its 52nd quarterly consultation document to allow authorized investment funds (including UCITS funds and most non-UCITS retail funds) to allocate a maximum of 10% of assets to crypto exchange-traded notes (ETN). The FCA stated that the 10% cap is intended to prevent funds from being reclassified as "restricted retail market investment products," thereby affecting their mainstream retail product positioning. Qualified investor funds (limited to professional and mature investors) are not subject to this cap; long-term asset funds and non-UCITS retail funds operating as alternative investment funds are completely excluded. This consultation period lasts five weeks, ending on July 13.

Exchanges:

Bithumb will delist the HIGH token on July 13

South Korean crypto exchange Bithumb will delist the HIGH token on July 13, as the explanatory materials submitted by the project team did not resolve the relevant issues and did not meet the transaction support maintenance standards concerning the disclosure of important matters, process transparency, and business advancement.

Industry Conference:

WebX 2026 will be held from July 13 to 14, with Japanese Prime Minister Sanae Takachi confirming his video attendance

Japan’s Cabinet Prime Minister Sanae Takachi will attend the 2026 WebX conference via video and deliver a speech. According to the organizer, this event is scheduled to take place from July 13 to 14, 2026, at The Prince Park Tower Tokyo.

Project Updates:

The payment platform Credible will have its token CRED community sale on MetaDAO on July 13

MetaDAO announced that its next financing project is the payment platform Credible (CRED), and the ICO activity will go live on July 13. Credible was a winning project at the Colosseum hackathon, one of the first investments made by Colosseum through STAMP, and a participant in the fourth phase of Colosseum's accelerator program in January 2026.

Maple has released proposal MIP-021 to introduce a revenue-linked regular buyback mechanism, with voting starting on July 13

On-chain credit protocol Maple has released governance proposal MIP-021, which aims to introduce a revenue-linked regular buyback mechanism. The proposal includes using 10% of revenue for buybacks when monthly income is below 1.5 million USD; using 20% of revenue for buybacks when monthly income ranges from 1.5 million to 2 million USD; and using 30% of revenue for buybacks when monthly income exceeds 2 million USD. All buyback operations will be public and transparent, decided by governance voting. The proposal is currently in the feedback phase, with voting scheduled to start on July 13.

Metaplanet will complete the acquisition of Siiibo Securities Co. on July 13

Metaplanet CEO Simon Gerovich announced that the company will complete the acquisition of Siiibo Securities Co. on July 13 and will rename it Metaplanet Securities. The company stated that it will provide new revenue sources combined with its Bitcoin balance sheet and expertise.

July 14

Macroeconomics:

The United States will announce June CPI data at 20:30 Beijing time on July 14

The United States will announce the unadjusted annual rate of the Consumer Price Index (CPI) for June and the month-on-month CPI. The inflation data will become an important reference for the market's assessment of the Fed's subsequent monetary policy path.

Fed Chair Warsh will testify in Congress for the first time on July 14, focusing on stablecoins and interest rate policy signals

Federal Reserve Chair Kevin Warsh will testify in Congress for the first time at 10 AM (Eastern Time) on July 14, with traders closely monitoring signals from him regarding stablecoins, bank custody, and interest rate policies.

July 15

Project Updates:

Doubao: Agent function will be offline on July 15

Doubao released a notice titled "Doubao Agent Function Offline Notification," stating that the agent function will go offline on July 15, 2026. At that time, users will be unable to create new agents, and already created agents will also be unable to be called or run. After July 15, Doubao will process data related to agents, which will no longer be viewable or recoverable within Doubao.

In addition, Qianwen agent function and service will also officially go offline on July 15

Strategy's first dividend under the new mechanism for STRC will be distributed on July 15

According to Michael Saylor, Strategy Inc. shareholders have officially approved the revision of the STRC (Stretch Preferred Stock) terms, changing the dividend distribution frequency from monthly to semi-monthly. According to the new arrangement, the first record date for the dividend is June 30, 2026, and the first payment date is July 15, 2026.

Token Unlocks:

Starknet (STRK) will unlock approximately 127 million tokens at 8:00 AM Beijing time on July 15, with a circulation ratio of about 3.74%, valued at approximately 3.9 million USD.

Sei (SEI) will unlock approximately 55.56 million tokens at 8:00 PM Beijing time on July 15, with a circulation ratio of about 0.91%, valued at approximately 2.8 million USD.

July 16

Macroeconomics:

The United States will announce initial jobless claims for the week ending July 11

The United States will announce initial jobless claims for the week ending July 11 at 20:30 Beijing time on July 16.

Token Unlocks:

Arbitrum (ARB) will unlock approximately 92.65 million tokens at 9:00 PM Beijing time on July 16, with a circulation ratio of about 1.65%, valued at approximately 8.5 million USD.

July 17

Policy Regulation:

The US NCUA has released proposed rules for licensing payment stablecoin issuers, with feedback due by July 17

The National Credit Union Administration (NCUA) in the United States has released proposed rules. These clarify the operational and risk management standards for NCUA-licensed payment stablecoin issuers (PPSI) under the framework of the GENIUS Act. NCUA Chairman Kyle Hauptman stated that these proposed rules aim to ensure credit unions are not at a disadvantage in terms of standards and are aligned with the proposed standards for bank subsidiaries. The proposed rules have been published in the Federal Register, with the feedback period ending on July 17.

The US House Financial Services Committee: The “CLARITY Act” hearing will be held in New York on July 17

Chairman of the House Financial Services Committee French Hill announced the committee hearing schedule for July 2026. Major agenda items include July 14 (full committee hearing on "Fed's Semiannual Monetary Policy Report"); July 15 (full committee hearing on "Consumer Financial Protection Bureau Semiannual Report"); July 17 (Digital Assets, Financial Technology and AI Subcommittee field hearing on "How the CLARITY Act Can Foster Innovation"); July 21 (National Security, Subcommittee on Financial Crimes and International Financial Institutions hearing on "Financial Crime Enforcement Network Oversight"); July 21 (Housing and Insurance Subcommittee hearing on "Oversight of the Federal Home Loan Bank System").

Project Updates:

The on-chain derivatives protocol Satori will close its withdrawal and position closing windows on July 17

The on-chain derivatives protocol Satori is gradually ceasing operations, and platform users must complete asset withdrawals and handle open positions before July 17.

Google may release Gemini 3.5 Pro on July 17

Gemini 3.5 Pro is officially scheduled for release on July 17, with claims of a significant leap in its frontend and visual code generation capabilities, suppressing Anthropic's Fable 5 in multiple tests, but still lagging behind in hardcore reasoning and complex engineering tasks. Moreover, Google DeepMind abandoned the original 2.5 Pro foundation for a complete pre-training of Gemini 3.5 Pro, resulting in a delay from its originally planned release in June 2026 to July 17.

Token Unlocks:

deBridge (DBR) will unlock approximately 618 million tokens at 8:00 AM Beijing time on July 17, with a circulation ratio of about 11.4%, valued at approximately 10.1 million USD.

YZY (YZY) will unlock approximately 20.83 million tokens at 11:00 AM Beijing time on July 17, with a circulation ratio of about 4.1%, valued at approximately 6.1 million USD.

July 18

Policy Regulation:

Public consultation on regulations related to distributed digital identity interoperability will end on July 18

The National Internet Information Office has issued a notice regarding the public consultation of the "Regulations on Promoting Interoperability and Recognition of Distributed Digital Identities (Draft for Consultation)," aimed at promoting the innovative development of distributed digital identity and their application in interoperability and recognition, supporting the construction of national blockchain network infrastructure and common service capabilities, and advancing cross-platform interoperability and recognition of digital identities in various fields of national economic and social development.

The regulations define distributed digital identity as a new type of digital identity based on blockchain and other distributed technologies that supports users in self-managing their identity information, consisting of identifiers, keys, verifiable credentials, and verifiable assertions, applicable in scenarios such as digital account management, login authentication, and data authorization, aimed at addressing cross-regional, cross-industry, and cross-platform identity interoperability issues. It is reported that the feedback deadline is July 18, 2026.

July 19

None

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