Must follow next week | The US House of Representatives will review three major encryption bills; CPI data for June is about to be released (7.14-7.20)

Key Forecast for Next Week

July 14

The U.S. House of Representatives has designated the week of July 14 as "encryption week," which will advance three pieces of legislation, including the GENIUS stablecoin bill;

Tornado Cash co-founder Roman Storm will be tried on July 14, and the U.S. Department of Justice has dropped some charges;

Plasma: Deposits and withdrawals will be locked on July 14, and the public sale of XPL is scheduled to start on July 17.

July 15

The United States will release the CPI data for June on July 15 at 20:30.

July 17

The WLFI token transfer proposal is open for community voting, which will end on July 17.

Caldera has opened the airdrop pre-registration. Users who have not completed the pre-registration by July 17 will not be able to receive the airdrop.

Other (specific time not determined)

Sonic: The airdrop claim for Season 1 will be open from July 15 to 22;

From July 14 to July 20, more industry events worth following are as follows.

July 14

The U.S. House of Representatives has designated the week of July 14 as "Crypto Week" and will advance three pieces of legislation including the GENIUS stablecoin bill.

Odaily Planet Daily News, the Republican Party of the U.S. House of Representatives announced that the week of July 14 will be designated as "cryptocurrency week," focusing on reviewing three key encryption legislations, including the "GENIUS Stablecoin Act" passed by the Senate, the market structure legislation "Clarity," and the proposal opposing Central Bank Digital Currency (CBDC). This move aims to advance the digital asset agenda of the Trump administration and strives to complete legislative delivery before August. The GENIUS Act requires stablecoins to be fully backed by liquid assets such as the U.S. dollar and stipulates that issuers with a market capitalization exceeding $50 billion must undergo annual audits. This agenda is seen as an important milestone in the U.S. encryption policy moving towards comprehensive clarity. (The Block)

Tornado Cash co-founder Roman Storm will be tried on July 14, and the U.S. Department of Justice has withdrawn some charges.

Odaily Planet Daily reported that Tornado Cash co-founder Roman Storm will be tried on July 14. The U.S. Attorney's Office for the Southern District of New York stated on Thursday that it would not pursue some charges related to "unlicensed money transmission business," but would still file suit for "money laundering," "some unlicensed transmission," and "conspiracy to violate the International Emergency Economic Powers Act." The DeFi Education Fund stated: "While this aligns with the April 2025 Department of Justice memo calling to end 'prosecution as regulation' and to stop prosecuting registration violations, it does not fully rectify the Department of Justice's errors in this case." Coin Center Executive Director Peter Van Valkenburgh also expressed disappointment: "The criminal statute is ambiguous in relation to the Bank Secrecy Act and should invoke the principle of lenient interpretation in favor of the defendant."

Plasma: Deposits and withdrawals will be locked on July 14, the public sale of XPL is scheduled to start on July 17.

Odaily Planet Daily reported that the stablecoin project Plasma announced on platform X that deposits and withdrawals will be locked 72 hours before the sale on July 14. The official reminder states that Vault deposits cannot be used for this sale, so please prepare available funds in advance. All deposits will be locked for at least 40 days after the sale ends.

OpenZK Network will launch OZK staking on July 14.

Odaily Planet Daily reported that OpenZK Network announced the launch of OZK staking on July 14, allowing users to earn network rewards and empower OZK. The introduction of the staking feature will further enhance the functionality of OZK, effectively increasing its use cases.

At the same time, OpenZK announced the exploration of a dual-token gas fee model, where users can utilize ETH as the network gas fee, and also use OZK as the network gas fee. Relevant research and development are currently underway.

Binance Alpha will launch Chainbase (C) on July 14 and start the airdrop claim.

Odaily Planet Daily News: Binance Alpha announced that it will launch the Chainbase (C) platform project on July 14. Eligible users can claim airdrops on the Alpha event page using Binance Alpha points once trading begins. The official statement indicates that more details will be announced soon, and users can follow Binance channels for the latest information.

July 15

The United States will release the CPI data for June on July 15 at 20:30.

Odaily Planet Daily News: On July 15th at 20:30 Beijing time, the United States will announce the CPI data for June.

The first phase of Wormhole staking rewards (SRP 1) has been fully distributed, and users must claim it before July 15.

Odaily Planet Daily reports that the first staking rewards of Wormhole (SRP 1) began distribution on January 16, 2025, and have now been fully released. Eligible users must claim their unclaimed rewards on the official platform before July 15, 2025 (within 90 days). Rewards that are not claimed by the deadline will be returned to the SRP pool for allocation in future reward cycles.

July 16

Tuttle Capital has submitted an amendment to change the effective date of a batch of 2x leveraged encryption ETFs to July 16.

Odaily Planet Daily reported that Bloomberg senior ETF analyst Eric Balchunas stated on the X platform that Tuttle Capital has submitted an amendment to change the effective date of a batch of 2x leveraged cryptocurrency/Meme coin ETFs to July 16. This does not mean they will definitely be launched, but generally speaking, the effective date is the launch date of the ETF, and it is likely that other similar products will follow.

The SOON Foundation is launching a governance system and plans to permanently burn 3% of SOON tokens. Next Wednesday's AMA will provide details on the buyback plan.

Odaily Planet Daily News: The SOON Foundation has launched its governance system today, allowing SOON holders to participate in voting decisions. It also announced a proposal to permanently destroy 30 million SOON (accounting for 3% of the total supply) to address recent market fluctuations, with approximately 7.7 million unclaimed airdrops being destroyed first, and the remaining 22.3 million being repurchased from centralized exchanges before destruction. In addition, the SOON Foundation will hold a community AMA next Wednesday to elaborate on the token buyback plan and is developing on-chain buyback products to further enhance on-chain liquidity.

July 17

The proposal for the transferability of WLFI tokens has been opened for community voting, which will end on July 17.

According to information from the official page, the proposal for the transferability of the WLFI token is open for community voting, currently with a support rate of 99.93% and an opposition rate of 0.07%. Voting will end on July 17. The proposal aims to solicit community opinions and formally initiate the transferability of the token. If the proposal is approved, the team will initiate the distribution of tokens to eligible early supporters and start community governance through a second vote to decide the unlocking of the remaining tokens.

Caldera has opened the airdrop pre-registration. Users who have not completed the pre-registration by July 17 will not be able to receive the airdrop.

Odaily Planet Daily reported that the Ethereum Rollup deployment platform Caldera has opened airdrop pre-registration. Eligible wallets must complete the pre-registration process by July 17 at 12:00 AM (UTC) in order to receive the airdrop.

July 18

Not available

July 19

Not available

July 20

Not available

Others (specific time to be determined)

Sonic: The airdrop claim for Season 1 will be open from July 15 to 22.

Odaily Planet Daily reported that Sonic officials announced on platform X that the first season airdrop claim will open at random times between July 15 and July 22.

Letsbonk founder: The platform website updates are expected to be rolled out next week.

Odaily Planet Daily News: Letsbonk founder Tom stated on the X platform that the brand new website is almost complete and ready to go live. Some users have already been invited to test it, and the feedback has been very positive. The official release is getting closer, and we have also fixed issues like searching for tokens using Chinese characters. In addition, it was commented that updates should be rolled out one by one next week.