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Weekly Outlook Highlights | Federal Reserve Releases Monetary Policy Meeting Minutes

Weekly Outlook Highlights | Federal Reserve Releases Monetary Policy Meeting Minutes

Crypto Weekly
Crypto Weekly

2025-07-07 11:28

Key News:

  • Robinhood EU gives stock tokens of Open AI and Space X to EU users, deadline is July 7
  • Binance Wallet will launch a exclusive TGE event for Palio AI (PAL) on July 7
  • Binance Wallet will launch a exclusive TGE event for BOOM on July 8
  • The US Senate Banking Committee plans to hold a market structure hearing on July 9
  • The Federal Reserve will release the minutes of the monetary policy meeting at 2:00 AM Beijing Time on July 10
  • FTX's lawyer says the $1.5 billion claim by Three Arrows Capital is "unreasonable" and should be dismissed, the latter needs to submit a response before July 11

July 7 (Monday)

OKX will delist 12 spot trading pairs including X/USDT, BSV/BTC on July 7

According to the official announcement, OKX announced that it 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 at 16:00-18:00 (UTC+8) on July 7, 2025.

The exchange has already suspended the deposit function for X, BSV, GOG, DIA, BONE, and OXT at 16:00 (UTC+8) on June 30, and the withdrawal service will continue until 16:00 (UTC+8) on September 30. Users need to handle their assets within the specified time. Unprocessed orders will be automatically handled by the system.

Robinhood EU gives stock tokens of Open AI and Space X to EU users, deadline is July 7

Robinhood posted on X that Robinhood EU launched the world's first non-public company stock tokens, including tokens of OpenAI and SpaceX.

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

Pantera Capital launches a digital asset reserve fund for investors, applications will be closed on July 7

According to official news, Pantera Capital launched the DAT fund, providing investors with investment opportunities related to the "Digital Asset Treasury" (DAT).

Several new and existing Pantera fund limited partners (LPs) have committed to participating in the Pantera DAT fund. It is expected to invest $100 million in various DAT projects. Due to the surge in project numbers and the time sensitivity of this investment window, users need to submit their investment intention forms before the end of Monday, July 7.

Binance Wallet will launch a exclusive TGE event for Palio AI (PAL) on July 7

Binance Wallet will exclusively launch Palio AI (PAL) token TGE from 4:00 PM to 6:00 PM on July 7, 2025. Eligible users need to participate using Binance Alpha points. Additionally, 40 million PAL tokens will be used for future events, with specific details to be announced later.

July 8 (Tuesday)

Binance Spot API will be upgraded on July 8

According to the official announcement, in order to improve the trading experience for spot API users, WebSockets Streams will be upgraded at 15:00 (Beijing Time) on July 8, 2025. During the upgrade period, existing connections 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.

Programs relying on market data for API users may fail after the upgrade.


US asset management company Calamos will launch three Bitcoin principal-protected ETFs on July 8


The US asset management company Calamos Investments plans to launch three Bitcoin ETFs with downside protection on July 8 (local time), which are:

- 100% Principal Protection (CBOY): Initial yield cap 9%-11%

- 90% Principal Protection (CBXY): Initial yield cap 24%-28%

- 80% Principal Protection (CBTY): Initial yield cap 43%-48%

This series of ETFs aims to provide exposure to Bitcoin while adjusting the yield cap according to the level of protection, with an investment term of one year.


Binance Wallet will launch a exclusive TGE event for BOOM on July 8

According to the official announcement, Binance Wallet announced that the next TGE project is BOOM (BOOM), with the event time being 16:00 to 18:00 (UTC + 8) on July 8, 2025, and eligible users need to participate using Binance Alpha points.


July 9 (Wednesday)

Trump: No intention to extend the 90-day tariff suspension period for most countries and regions beyond July 9

According to Jinfu News, US President Trump said he believes there is no need to extend the trade period beyond July 9, and countries need to reach agreements with the US before this period to avoid higher tariffs.

He said in an interview with Fox News, "I think there is no need to extend." He then added, "I can also extend, it's not a big deal." Before this, Trump said last Friday that the government could do whatever it wants with this period, including extending or shortening it.

On Friday, US Treasury Secretary Becerra said, "Some countries have proposed very good agreements to us, but it may not be possible to complete all negotiations before the tariffs on specific countries imposed by Trump on April 2. If we can reach agreements with 10 to 12 out of 18 important trade partners - and another 20 important trade relationships - I think we can complete all trade negotiations before Labor Day in the US (September 1)."

The US Senate Banking Committee plans to hold a market structure hearing on July 9

According to crypto journalist Eleanor Terrett, the US Senate Banking Committee plans to hold a full hearing on market structure issues at 22:00 Beijing Time on Wednesday next week (July 9). 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)

The Federal Reserve will release the minutes of the monetary policy meeting at 2:00 AM Beijing Time on July 10

At 9:00 PM Beijing Time on July 10, 2025, FOMC member and St. Louis Fed President Musalem will give a speech on the US economy and monetary policy

Thailand's zoo will host a birthday party for hippo Moo Deng on July 10

According to Straitstimes, the adorable dwarf hippopotamus Moo Deng at Khao Kheow Open Zoo in Thailand will celebrate her first birthday on July 10. Director Narongwit Chodchoy announced that a four-day "Moo Deng First Birthday" festival will be held from July 10 to 13 at the hippopotamus exhibition hall in Chonburi province.

Telegram founder Pavel Durov is approved to leave France starting July 10

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

July 11 (Friday)

FTX's lawyer says the $1.5 billion claim by Three Arrows Capital is "unreasonable" and should be dismissed, the latter needs to submit a response before July 11

FTX's bankruptcy lawyer recently objected to the $1.53 billion claim by Three Arrows Capital (3AC), requesting the court to dismiss the entire claim.

The lawyer stated that 3AC's losses were due to market fluctuations and their own withdrawals, unrelated to FTX. In March of this year, the bankruptcy court had approved 3AC to increase its claim from $120 million to $1.53 billion. In November 2024, 3AC claimed that FTX sold $1.5 billion worth of assets two weeks before initiating its liquidation, citing new evidence. However, FTX's lawyer refuted that the claim was based on unreasonable premises, inaccurate data, and an oversight of the facts.

FTX pointed out that after the Terra collapse in June 2022, 3AC's account balance was below $240 million, but instead of topping up the margin, they withdrew $18 million in ETH. FTX then liquidated $820 million in assets, avoiding a $18 million loss when the account went bankrupt. 3AC needs to submit a response by July 11, with the hearing scheduled for August 12.

Disclaimer: Contains third-party opinions, does not constitute financial advice

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