What to watch next week | The U.S. House of Representatives will review three major encryption bills; June CPI data will be released soon (July 14-July 20)

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Azuma
6 hours ago
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Plasma will lock deposits and start public sales; Sonic may open airdrop applications for the first quarter.

What to watch next week | The U.S. House of Representatives will review three major encryption bills; June CPI data will be released soon (July 14-July 20)

Next weeks highlights

July 14

The U.S. House of Representatives designated the week of July 14 as “Crypto Week” and will advance three pieces of legislation, including the GENIUS Stablecoin Act ;

Tornado Cash co-founder Roman Storm will go on trial on July 14, and the U.S. Department of Justice has withdrawn some charges ;

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

July 15

The United States will release June CPI data at 20:30 on July 15 ;

July 17

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

Caldera has opened airdrop pre-claims. Users who have not completed pre-claims before July 17 will not be able to receive airdrops .

Others (specific time undetermined)

Sonic: Season 1 airdrop claims will be open from July 15 to 22 ;

From July 14 to July 20, more noteworthy events in the industry are previewed below.

July 14  

The U.S. House of Representatives designated July 14 as Crypto Week and will advance three pieces of legislation, including the GENIUS Stablecoin Act

Odaily Planet Daily reported that the Republican Party in the U.S. House of Representatives announced that the week of July 14 will be designated as Cryptocurrency Week, focusing on reviewing three key crypto legislation, including the GENIUS Stablecoin Act passed by the Senate, the market structure bill Clarity, and proposals against central bank digital currencies (CBDCs). This move is aimed at promoting the Trump administrations digital asset agenda and strive to complete legislative delivery by August. The GENIUS Act requires that stablecoins be fully backed by liquid assets such as the U.S. dollar, and stipulates that issuers with a market value of more than $50 billion must undergo annual audits. This agenda is seen as an important node for the comprehensive clarity of U.S. crypto policy. (The Block)

Tornado Cash co-founder Roman Storm will go on trial on July 14, and the US Department of Justice withdraws some charges

Odaily Planet Daily reported that Tornado Cash co-founder Roman Storm will go to trial on July 14. The U.S. Attorneys Office for the Southern District of New York said on Thursday that it would not advance some charges related to unlicensed money transmission business, but would still file lawsuits for money laundering, partial unlicensed transmission and conspiracy to violate the International Emergency Economic Powers Act. The DeFi Education Fund said: Although this is consistent with the April 2025 Department of Justice memorandum, which called for an end to prosecution instead of regulation and a halt to prosecutions for registration violations, this does not completely correct the Department of Justices mistakes in this case. Coin Center Executive Director Peter Van Valkenburgh also expressed disappointment: This criminal law provision is ambiguous with the Bank Secrecy Act, and the principle of lenient interpretation should be invoked to rule in favor of the defendant.

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

Odaily Planet Daily News: The stablecoin project Plasma posted on the X platform that deposits and withdrawals will be locked on July 14 (72 hours before the sale). Official reminder: Vault top-ups cannot be used for this sale, so please prepare available funds in advance. All top-ups will be locked for at least 40 days after the sale ends.

OpenZK Network will launch OZK staking on July 14

Odaily Planet Daily News: OpenZK Network announced that it will launch OZK staking on July 14, allowing users to earn network rewards and empower OZK. The launch of the staking function will further enhance the functionality of OZK and effectively increase the usage scenarios.

At the same time, OpenZK announced that it would explore a dual-token gas fee model. In addition to using ETH as the network gas fee, users can also use OZK as the network gas fee. Relevant research and development is underway.

Binance Alpha will be listed on Chainbase (C) on July 14 and will start airdrop claims

Odaily Planet Daily News Binance Alpha announced that it will launch a project on the Chainbase (C) platform on July 14. Eligible users can claim the airdrop on the Alpha event page through Binance Alpha points after the transaction is opened. The official said that more details will be announced soon, and users can follow the Binance channel to get the latest information.

July 15

The US will release June CPI data at 20:30 on July 15.

Odaily Planet Daily News: At 20:30 Beijing time on July 15, the United States will release the CPI data for June.

Wormhole’s first staking rewards (SRP 1) have been fully distributed and users must claim them before July 15

Odaily Planet Daily News Wormholes first staking reward (SRP 1) began to be distributed on January 16, 2025, and has now been fully released. Eligible users must claim unclaimed rewards through the official platform before July 15, 2025 (within 90 days). Unclaimed rewards will be returned to the SRP pool for distribution in future reward cycles.

July 16

Tuttle Capital has filed an amendment to change the effective date of a batch of 2x leveraged crypto ETFs to July 16

Odaily Planet Daily News: Eric Balchunas, senior ETF analyst at Bloomberg, said 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 that 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 suit.  

The SOON Foundation launches a governance system and plans to permanently destroy 3% of SOON tokens. The AMA next Wednesday will detail the repurchase plan

Odaily Planet Daily News: SOON Foundation launched the governance system today, allowing SOON holders to participate in voting decisions. At the same time, it announced a proposal to permanently destroy 30 million SOON (3% of the total supply) to cope with recent market fluctuations, of which about 7.7 million unclaimed airdrops will be destroyed first, and the remaining 22.3 million will be repurchased from centralized exchanges and then destroyed. In addition, the SOON Foundation will hold a community AMA next Wednesday to explain the token repurchase plan in detail, and is developing on-chain repurchase products to further improve on-chain liquidity.  

July 17

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

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

Caldera has opened airdrop pre-claims. Users who have not completed pre-claims before July 17 will not be able to receive airdrops.

Odaily Planet Daily reported that Ethereum Rollup deployment platform Caldera has opened airdrop pre-claims. Eligible wallets must complete the pre-claim process before 12:00 am on July 17 (UTC time) to receive the airdrop.  

July 18

None  

July 19

None  

July 20

None  

Others (specific time undetermined)  

Sonic: Season 1 airdrop claims will be open from July 15 to 22

Odaily Planet Daily News: Sonic officially announced on the X platform that the first season airdrop claim will be open at a random time point between July 15 and 22.

Letsbonk founder: Platform website updates are expected to be launched next week

Odaily Planet Daily News: Letsbonk founder Tom posted on the X platform that the new website is almost complete and ready to go online. Some users have been invited to test it, and the feedback is very good. It is getting closer to the official release, and we have also fixed problems such as searching for tokens with Chinese characters. In addition, he also commented that the updates should be launched one by one next week.

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ODAILY reminds readers to establish correct monetary and investment concepts, rationally view blockchain, and effectively improve risk awareness; We can actively report and report any illegal or criminal clues discovered to relevant departments.

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