Weekly Forecast | "Super Central Bank Week" Arrives, Global Markets Face Policy Testing; Wave of Shutdowns Hits, Projects like YGG Play Cease Operations.

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News Forecast:

  • Changxin Technology's stock will be listed on the Shanghai Stock Exchange's Star Market on July 27;
  • CME will launch single stock futures on July 27;
  • SK Hynix’s American Depository Receipts (ADR) and South Korean listed common stock are expected to open for bidirectional conversion on July 29;
  • On July 30 at 02:00, the Federal Reserve's FOMC will announce its interest rate decision, followed by a monetary policy press conference from Fed Chair Waller;
  • FTX announced it will distribute about $900 million as its fifth distribution starting July 31, with preferred shareholders receiving a second payment simultaneously;
  • Strategy will announce its Q2 2026 financial results on July 31, Beijing time;
  • Apple and Amazon will release their earnings reports in the early hours of July 31, Beijing time, while Meta, Microsoft, and Qualcomm will release their earnings reports in the early hours of July 30, Beijing time;
  • YGG Play platform, Ethereum L2 network Zero Network, Sei ecosystem DeFi lending platform Oxium, DeFi platform Dango, DEX aggregation protocol Odos, decentralized contract trading platform Pingu Exchange, and Bitcoin lending protocol Tropykus will successively shut down, users need to pay attention to asset withdrawal.

July 27

Exchanges:

Changxin Technology's stock will be listed on the Shanghai Stock Exchange's Star Market on July 27

According to Jinshi News, Changxin Technology's stock will be listed on the Shanghai Stock Exchange's Star Market on July 27, 2026.

CME will launch single stock futures on July 27

Market news: CME Group will launch single stock futures on July 27. The CME Group stated that the products will include standard and micro contracts for more than 50 leading American stocks. The new products will include 55 larger-scale contracts and 22 micro futures contracts. Alphabet, Amazon, Apple, Meta, Nvidia, and SpaceX will be included in the tradable targets.

Project Updates:

Tropykus announces gradual shutdown of the current version, front-end support will cease after July 27

Bitcoin lending protocol Tropykus announced on the X platform that due to its technical architecture not meeting future safety standards, it will initiate a gradual shutdown process for the current version. Users need to repay loans and withdraw funds by July 27, 2026; thereafter, front-end support will cease, and operating smart contracts will require technical knowledge. Withdrawals via smart contracts are open, and deposits and loans have been permanently suspended.

July 28

Exchanges:

Ionic Digital's registration statement has been approved by the US SEC and will land on Nasdaq on July 28

Bitcoin mining company Ionic Digital announced that its S-1 registration statement has been approved by the U.S. Securities and Exchange Commission (SEC) and its Class A common stock is expected to begin trading on Nasdaq's Global Select Market on July 28, with the stock symbol "IOND." This is a direct listing; the company is not selling any shares and will not receive any proceeds from the share sales by registered shareholders. Ionic Digital positions itself as a digital infrastructure company, providing data center solutions for AI and high-performance computing.

Coinbase will suspend trading of Across Protocol (ACX) on July 28

Coinbase Markets posted on the X platform that “Coinbase will suspend ACX trading on July 28, 2026, because the project team is gradually shutting down Across Protocol (ACX).” The announcement mentioned that the related proposal is “Across intends to transition the protocol structure from ‘DAO + Token’ to a US C-corp.”

Project Updates:

AI infrastructure project Vanar will start migration to Base on July 28

AI infrastructure project Vanar will start migrating from Vanarchain to Base on July 28. Staking users need to promptly unstake and then wait for the cooling period to end before claiming tokens.

July 29

Exchanges:

SK Hynix ADR and Korean stocks will open for bidirectional conversion on July 29

The bidirectional conversion between SK Hynix’s American Depository Receipts (ADR) and Korean listed common stock is expected to be possible after the 29th of this month. The Korea Securities Depository confirmed on the 16th that the listing date for the newly issued Korean common stock is scheduled for the 29th, at which point the conversion mechanism will officially open.

Project Updates:

DeFi platform Dango will terminate the project, suspending trading on July 29

The DeFi platform Dango announced the termination of the project and will stop trading on July 29, with remaining positions to be liquidated at oracle prices. The Dango L1 blockchain will cease to operate on August 13, and deposits not withdrawn by then will be returned to users' deposit addresses on Ethereum. Officials advise users to close positions and withdraw assets as soon as possible.

Polygon Ithaca hard fork will be launched on the mainnet on July 29, enhancing payment reliability

The Polygon Foundation posted on the X platform that the Ithaca hard fork has been successfully deployed on the Amoy testnet and will launch on the Polygon mainnet at block height 50,185,000 (expected on July 29 at 22:00 Beijing time). This upgrade aims to enhance payment reliability: automatic failover ensures smooth transactions in case of rare delays by block producers, and new protective mechanisms intercept transactions that may slow down or destabilize the network, while providing clearer visibility for node operators to ensure seamless operation of the underlying system. All node operators need to upgrade as soon as possible to ensure compatibility and network security. Additionally,Binance will support the Polygon (POL) network upgrade and hard fork, which is expected to suspend token deposits and withdrawals on the Polygon (POL) network on July 29, 2026, at 21:00 (UTC+8).

Sony Bank will issue music copyright tokenized securities and open subscription on July 29

According to NADA NEWS, Sony Bank will issue dollar-denominated tokenized securities and open subscription on July 29, with the raised funds directed to a music copyright investment portfolio co-established by the Singapore Government Investment Corporation (GIC) and Sony Music Group, in which Sony Bank participates. This portfolio profits by collecting copyright earnings from songs used in streaming, broadcasting, film and television, and advertising. The securities are issued by Sumitomo Mitsui Trust Bank, with Sony Bank responsible for sales, and the underlying asset management utilizes privately offered blockchain infrastructure provided by Securitize Japan.

Token Unlock:

Falcon Finance (FF) will unlock approximately 102 million tokens at 21:00 Beijing time on July 29, accounting for about 3.53% of circulation, valued at approximately $6.2 million.

July 30

Macroeconomic:

On July 30 at 02:00, the Federal Reserve FOMC will announce its interest rate decision; at 02:30, Fed Chair Waller will hold a monetary policy press conference; at 19:00, the Bank of England will announce its interest rate decision, meeting minutes, and monetary policy report; at 19:30, the Bank of England Governor Bailey will hold a monetary policy press conference.

US Stock Financial Reports:

Meta, Microsoft, and Qualcomm will release their earnings reports in the early hours of July 30, Beijing time.

Project Updates:

DEX aggregation protocol Odos announces it will cease operations, all services will be permanently closed from July 30

The decentralized trading aggregation protocol Odos posted on the X platform that its operating company is gradually ceasing operations, the Odos application will switch to read-only mode on July 27, and all services will be permanently closed on July 30. Since July 23, new account registrations, new wallet creations, and new limit orders have been disabled; from July 27 to 30, users can only view transaction history and balances; after July 30, services will cease entirely, and the team will no longer provide development, support, or maintenance. Users who created wallets through social media or email login need to transfer assets to other wallets or export private keys before July 30.

Odos emphasized that the ODOS token exists independently of the operating company and that the company does not hold or market the token; its cessation of operations does not affect the token's on-chain mechanism. Odos DAO operates independently from the company and will announce its plans separately. Odos reminds users to be cautious of fake migration sites and airdrop scams, and not to share recovery phrases or sign suspicious transactions.

Decentralized contract exchange Grvt will postpone TGE to July 30.

The decentralized contract exchange Grvt tweeted that the GRVT token TGE will be postponed to July 30. Grvt stated that this TGE will simultaneously launch on multiple mainstream exchanges, with the first batch of confirmed exchanges, while more exchanges are in the final execution stage of the agreement. The list will be announced once all agreements are signed.

Token Unlock:

Kamino (KMNO) will unlock approximately 229 million tokens at 20:00 Beijing time on July 30, accounting for about 2.97% of circulation, valued at approximately $4.1 million.

July 31

Policy and Regulation:

South Korea will raise the margin requirement for single stock leveraged products to 30 million won and limit it to cash, with new regulations taking effect on July 31

The Financial Services Commission (FSC) of South Korea announced that strengthened basic margin requirements for single stock leveraged ETFs and ETNs will be implemented by the end of July. Starting from July 31, if individual investors want to buy or add single stock leveraged ETFs/ETNs, they need to hold at least 30 million won in cash as basic margin in their accounts. This measure applies to both domestically and overseas listed single stock leveraged ETFs and ETNs. Data shows that the total market capitalization of the 16 single stock leveraged products currently on the market has increased from 4.4 trillion won on May 27 to 11.9 trillion won on July 15, and trading volume has also risen from 10.4 trillion won to 13 trillion won.

According to the new regulations, individual investors previously had to meet a basic margin requirement of 10 million won to purchase single stock leveraged products, with assets such as stocks, ETFs, and bonds counted as margin. After the new regulations are implemented, the basic margin requirement has increased to 30 million won, and only cash assets will be recognized, no longer accepting the conversion of securities assets. For existing investors adding purchases, the same 30 million won cash margin requirement applies, but selling operations are not subject to margin restrictions.

US Stock Financial Reports:

Apple and Amazon will release their earnings reports in the early hours of July 31, Beijing time.

Exchanges:

FTX announces it will distribute approximately $900 million as its fifth distribution starting July 31, with preferred shareholders receiving a second payment simultaneously

FTX announced it will begin distributing approximately $900 million to eligible claim holders classified as “facilitative” and non-“facilitative” under its restructuring plan starting July 31. Eligible creditors are expected to receive the funds from their chosen distribution service provider within 1 to 3 business days after July 31. FTX also announced that eligible preferred shareholders will receive a second payment on July 31.

Project Updates:

Strategy will announce its Q2 2026 financial performance on July 31

The Bitcoin financial company Strategy announced that it will publish its Q2 2026 financial performance after the close of US stocks on July 30, 2026 (at 4:00 AM Beijing time on July 31, 2026) and will hold an online seminar at 5:00 PM (5:00 AM Beijing time) to discuss the relevant performance.

Wormhole: The Moonbeam network will close on July 31

Wormhole posted on the X platform that the Moonbeam network will close on July 31, 2026, while retaining the operation of the parallel chain as a transition period. Wormhole reminds users to transfer all external assets from Moonbeam across chains before this date, as after July 31, Portal and Wormhole contributors will not be able to assist in retrieving stuck assets. Wormhole stated that the migration process and deadline are set and operated by Moonbeam, and may change at any time; users are advised to verify the migration steps through the official Moonbeam portal and assume transaction responsibility.

Previously, on July 4, it was reported that Moonbeam will transform into an AI Agent communication and settlement network, and the GLMR token will be migrated to Base at a ratio of 1:1.

SBI Crypto will shut down its Bitcoin mining pool service on July 31

OCEAN co-founder Mark Artymko posted that SBI Crypto will shut down its Bitcoin mining pool service on July 31. Mark thanked the SBI Crypto team for providing stable service to the Bitcoin network over the years and invited SBI Crypto miners to migrate to the OCEAN mining pool.

Pingu Exchange announces it will permanently shut down on July 31

The decentralized contract trading platform Pingu Exchange announced it will permanently close, with the platform going offline on July 31, 2026. Pingu was launched on Arbitrum in January 2024, previously achieving a trading volume of about $2.4 billion with approximately $270,000 in starting funds, and allocating about $650,000 in ETH and USDC to stakers. The team then bet on the Monad mainnet, but after migrating, the platform's trading volume was only about $80 million in six months, and the team stopped paying salaries since February to avoid depleting the treasury. The project party stated it will return 64.46 ETH to users who purchased tokens in Arbitrum in 2024 and still hold them through concentrated orders in the PINGU/ETH pool on Arbitrum, with the recognition window open from now until July 31, and 57% of the tokens held by the treasury will not be included in the exit. The project reminds users to close contract positions and withdraw LP funds as soon as possible, and states that since the treasury primarily comes from Arbitrum, it cannot fairly redeem Monad-side point activities.

YGG Play platform and games like LOL Land, Waifu Sweeper will go offline after July 31

Web3 game guild Yield Guild Games (YGG) co-founder Gabby Dizon stated that YGG will shut down the game publishing department YGG Play, affecting 35 positions. YGG will pay additional eight weeks of salary to departing employees during the transition period and assist them in finding new jobs. The YGG Play platform and games like LOL Land and Waifu Sweeper will operate until going offline after July 31. GIGACHAD BAT will move to delabs Official, while Ragnarok Breaker will continue to be operated by Planetarium HQ.

The Ethereum L2 network Zero Network will close, and users need to transfer assets across chains by the end of July

The Ethereum Layer 2 network Zero Network announced its closure after operating for a year and a half. The network focused on gasless transactions and launched in November 2024. The team stated that the vision for building a gasless rollup remains valid, but maintaining an independent blockchain is not the correct path to achieve that vision, so resources will be refocused on Zerion's API and wallet services. The team assured users that their assets are safe, but users must transfer NFTs, ETH, or other tokens across chains before the end of July, as deposits have been suspended.

AngelList will stop supporting cryptocurrency investments starting July 31, as the third-party payment provider will cease operations

According to AngelList's official help page announcement, starting from July 31, 2026, the AngelList platform will no longer support investments using cryptocurrency. The announcement states that its third-party cryptocurrency payment service provider will soon cease related services, thus options for completing new investments, fundraising, or rolling fund subscriptions using digital assets such as USDC, USDT, DAI, and ETH will be suspended until further notice, while other financing methods such as ACH transfers and wire transfers will not be affected.

The announcement indicates that investments completed before or on July 31, 2026, will not be affected by this change and do not require any action from users; after this date, users will need to switch to ACH or wire transfer methods for funding payments. For capital commitments that were planned to be funded with cryptocurrency but remain incomplete, AngelList advises investors to transfer all corresponding crypto assets to their AngelList accounts by July 30 for safekeeping, or to complete subsequent funding via wire transfer or ACH. AngelList states it is assessing the possibility of restoring digital asset financing functions through a new service provider, but there is no clear timeline yet.

August 1

Policy and Regulation:

Minnesota will allow banks and credit unions to provide cryptocurrency custody services starting August 1

Minnesota Governor Tim Walz signed a virtual currency bill allowing state-chartered banks and credit unions to provide regulated cryptocurrency custody services beginning August 1. The bill clarifies rules for digital asset custody, requiring separation of customer assets from institutional assets, and submission of risk management and cybersecurity plans to the state commissioner 60 days in advance. Minnesota is the first state in the Midwest to establish a unified digital asset security network for banks and credit unions. Additionally, the state has signed another bill prohibiting cryptocurrency ATMs statewide starting August 1, with legislators stating that these machines have become tools for scammers targeting vulnerable groups.

Project Updates:

Sei ecosystem DeFi lending platform Oxium announces it will cease operations, planning to shut down the front end on August 1

The Sei ecosystem DeFi lending platform Oxium announced it will cease operations, reportedly due to a long-term adverse market environment leading to insufficient revenue, making its current operations unsustainable. Oxium stated that user deposits on the platform remain intact and can still be controlled by users, but users are encouraged to plan ahead and complete withdrawals in an orderly manner, with the front end planned to shut down on August 1, 2026, and advised to cancel all open orders, close existing positions, and withdraw assets from the platform.

Chrome to update application store policies on August 1: will classify prediction markets as regulated commodities and strictly control extension data collection

According to Google Developer Blog, Chrome application store (plugin market) will update developer program policies to be strictly enforced starting August 1, 2026. The new regulations will explicitly classify prediction markets as regulated commodities, prohibiting the provision of extensions that support real-money transactions from prediction results; extensions that collect user data must only be used for the single purpose disclosed in advance and must not be repurposed; all data collection activities must be prominently disclosed to users, and if the data processing method changes after installation, developers must actively inform users; simultaneously, new terms will prohibit extensions that circumvent protections such as security measures and usage restrictions for AI services. Violating extensions may be forcibly removed or subjected to other remedies.

Solana-based NFT platform Exchange Art will cease operations on August 1

The Solana-based NFT art platform Exchange Art announced it will officially cease operations on August 1, 2026. The platform stated that due to the prolonged stagnation of the on-chain art market, it has not found a sustainable financial path and decided to shut down. Users need to access their accounts before the shutdown and extract necessary information; all works and funds held in sales and custody contracts on the platform will be released to their owners before the shutdown. All artworks were minted to the Solana blockchain, which can be imported to other markets, and artists and collectors do not need additional actions to ensure their works are safe.

Token Unlock:

Sui (SUI) will unlock approximately 13.72 million tokens at 08:00 Beijing time on August 1, accounting for about 0.34% of circulation, valued at approximately $9.9 million.

EigenCloud (EIGEN) will unlock approximately 36.82 million tokens at 12:00 noon Beijing time on August 1, accounting for about 5.79% of circulation, valued at approximately $7.6 million.

August 2

Token Unlock:

Ethena (ENA) will unlock approximately 40.63 million tokens at 15:00 Beijing time on August 2, accounting for about 0.47% of circulation, valued at approximately $3.5 million.

Date Pending

Policy and Regulation:

US Senate Majority Leader plans to hold a vote on the Clarity Act as early as next week, even without an agreement with the Democrats

US Senate Majority Leader John Thune plans to hold a vote on the Clarity Act as early as next week, even if no agreement is reached with the Democrats.

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