This week's news preview | The Federal Reserve releases minutes of its monetary policy meeting

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Compiled by: Jerry, ChainCatcher

Key News:

July 7 (Monday)

OKX to Delist 12 Spot Trading Pairs Including X/USDT, BSV/BTC on July 7

According to the official announcement, OKX will delist 12 trading pairs including X/USDT, BSV/BTC, BSV/USDT, BSV/USD, GOG/USDT, GOG/USD, DIA/USDT, DIA/USD, BONE/USDT, BONE/USD, OXT/USDT, OXT/USD on July 7, 2025, from 16:00-18:00 (UTC+8).

The exchange suspended deposits for X, BSV, GOG, DIA, BONE, and OXT on June 30 at 16:00 (UTC+8), and withdrawal services will continue until September 30 at 16:00 (UTC+8). Users need to handle related assets within the specified time, and unexecuted orders will be automatically processed by the system.

Robinhood EU Offers Stock Tokens of OpenAI and SpaceX to EU Users, Deadline on July 7

Robinhood announced on the X platform that Robinhood EU has launched the world's first non-listed company stock tokens, including tokens for OpenAI and SpaceX.

Eligible Robinhood European users can now claim these tokens within the app, with the claiming deadline on July 7.

Pantera Capital Launches Digital Asset Treasury Fund for Investors, Application Deadline on July 7

According to official information, Pantera Capital has launched the DAT Fund, providing investment opportunities in "Digital Asset Treasury" (DAT) for investors.

Several new and existing Pantera fund limited partners (LPs) have committed to participating in the Pantera DAT Fund. They are expected to invest $100 million across various DAT projects. Given the current surge in project numbers and the time-sensitive investment window, users need to submit their investment intentions by the end of July 7 (Monday).

Binance Wallet to Launch Exclusive TGE for Palio AI (PAL) on July 7

Binance Wallet will exclusively launch the Palio AI (PAL) token TGE from 4 to 6 PM on July 7, 2025. Eligible users need to use Binance Alpha points to participate. Additionally, 40 million PAL tokens will be used for future activities, with specific details to be announced later.

July 8 (Tuesday)

Binance Spot API to be Upgraded on July 8

According to the official announcement, to enhance the trading experience for spot API users, WebSockets Streams will be upgraded on July 8, 2025, at 15:00 (Beijing time). During the upgrade, existing and new connections may disconnect earlier than the usual 24 hours. The upgrade process may take up to 2 hours.

Note:

Spot trading will not be affected during the upgrade.

API users' existing programs dependent on market data may experience failures after the upgrade.

US Asset Management Company Calamos to Launch Three Bitcoin Principal-Protected ETFs on July 8

US asset management company Calamos Investments plans to launch three Bitcoin ETFs with downside protection on July 8 (local time): - 100% Principal Protection (CBOY): Initial yield cap of 9%-11% - 90% Principal Protection (CBXY): Initial yield cap of 24%-28% - 80% Principal Protection (CBTY): Initial yield cap of 43%-48% The ETF series aims to provide Bitcoin exposure while adjusting yield caps based on the level of protection, with a one-year investment period.

Binance Wallet to Launch Exclusive TGE for BOOM on July 8

According to the official announcement, Binance Wallet will launch the next TGE project BOOM (BOOM) from 16:00 to 18:00 (UTC + 8) on July 8, 2025, with eligible users required to use Binance Alpha points to participate.

July 9 (Wednesday)

Trump: No Intention to Extend 90-Day Tariff Suspension for Most Countries Beyond July 9

According to Jin Shi report, US President Trump stated that he believes there is no need to extend the trade deadline of July 9, and countries need to reach an agreement with the US before this deadline to avoid higher tariffs.

In an interview with Fox News, he said: "I don't think we need to extend." He then added: "I can extend, it's no big deal." Previously, Trump had stated last Friday that the government could "do whatever it wants" with this deadline, including extending or shortening it.

On Friday, US Treasury Secretary Bezos stated: "Some countries have offered us very good deals, but may not complete all negotiations before Trump's tariffs on specific countries resume on April 2. If we can reach agreements with 10 to 12 of our 18 important trading partners - and another 20 important trade relationships - I believe we can complete all trade negotiations before Labor Day (September 1)."

US Senate Banking Committee to Hold Market Structure Hearing on July 9

According to crypto journalist Eleanor Terrett, the US Senate Banking Committee plans to hold a full hearing next Wednesday (July 9) at 22:00 Beijing time, focusing on market structure issues. Confirmed participants include: Ripple CEO Brad Garlinghouse, Blockchain Association CEO Kristin Smith, Chainalysis CEO Jonathan Levin, and Paradigm General Partner Dan Robinson.

July 10 (Thursday)

Federal Reserve to Publish Monetary Policy Meeting Minutes at 2 AM Beijing Time on July 10

At 9 PM Beijing Time on July 10, 2025 FOMC Voting Member and St. Louis Fed President Musalem to Speak on US Economy and Monetary Policy

Thai Zoo to Host Birthday Party for Hippo Moo Deng on July 10

According to Straitstimes, the adorable dwarf hippo Moo Deng at Khao Kheow Open Zoo in Thailand will celebrate her first birthday on July 10. Director Narongwit Chodchoy announced that the four-day "Moo Deng One-Year-Old" festival will be held from July 10 to 13 at the Hippo Exhibition Hall in Chonburi Province.

Telegram Founder Pavel Durov Approved to Leave France on July 10

Telegram CEO Pavel Durov has been authorized to leave France for up to 14 days starting from July 10, but only to Dubai. All other terms of his judicial supervision remain unchanged.

July 11 (Friday)

FTX Lawyer Claims Three Arrows Capital's $1.5 Billion Claim is "Unreasonable" and Should Be Dismissed, with Latter Required to Respond by July 11

FTX bankruptcy management lawyers recently objected to Three Arrows Capital's (3AC) $1.53 billion claim, requesting the court to dismiss it in full.

The lawyers stated that 3AC's losses were due to market volatility and its own withdrawal, unrelated to FTX. In March this year, the bankruptcy court approved 3AC's claim increase from $120 million to $1.53 billion. In November 2024, 3AC claimed that FTX sold assets worth $1.5 billion in the two weeks before its liquidation, citing newly discovered evidence. However, FTX lawyers countered that the claim is based on unreasonable premises, inaccurate data, and disregard of facts.

FTX noted that after Terra's collapse in June 2022, 3AC's account balance was below $240 million, yet they did not top up margin and instead withdrew 18 million USDT ETH. FTX subsequently liquidated $820 million in assets to avoid losses of 18 million USDT when the account went bankrupt. 3AC must submit a response by July 11, with a hearing scheduled for August 12.

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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