This Week's News Preview | Trump's Digital Asset Working Group Plans to Submit Important Cryptocurrency Policy Report
Highlights of the week from July 21 to July 27.整理：Jerry，ChainCatcher
Key News:
- Binance Alpha and Binance Futures will launch Trusta.AI (TA) on July 21
- Electric vehicle company Volcon expects to raise over $500 million on July 21 to initiate Bitcoin financial strategy
- Trump administration's digital asset working group plans to submit its first important cryptocurrency policy report by July 22
- Binance Alpha will launch Yala (YALA) on July 22
- Binance Wallet's exclusive TGE will launch Delphinus Lab (ZKWASM) on July 22
- Binance Alpha will launch Aspecta (ASP) on July 24
July 21 (Monday)
The Securities and Exchange Commission (SEC) of Thailand announced the launch of a public consultation on new regulations for digital asset listings, with feedback collection continuing until July 21, 2025.
The proposed regulations allow exchanges to list digital tokens issued by themselves or related parties, while requiring stricter information disclosure to prevent insider trading. The new rules also require disclosure of information related to personnel associated with the token issuer and the marking of warning symbols in reporting systems to enhance market supervision.
Coinbase will launch US perpetual futures products on July 21
Coinbase Derivatives announced that it will launch US Perpetual-Style Futures products on July 21, making it one of the first such products in the United States. The product will comply with CFTC regulations and provide a leveraged trading experience closely tracking spot prices.
The initial contracts will include nano Bitcoin perpetual futures (0.01 BTC) and nano Ethereum perpetual futures (0.10 ETH). These products will use a funding rate mechanism to keep futures prices aligned with the spot market and offer 24/7 trading with long-term contracts maturing in 5 years.
Binance Alpha and Binance Futures will launch Trusta.AI (TA) on July 21
According to Binance's announcement, Trusta.AI (TA) will open for trading on Binance Alpha at 07:00 (UTC) on July 21, 2025, and the TAUSDT perpetual contract will launch at 07:30 (UTC) on the same day, with leverage up to 50 times.
Binance is the first platform to list Trusta.AI (TA). To celebrate the launch, eligible users can claim exclusive airdrops using Binance Alpha points on the Binance Alpha event page from 07:00 to 07:00 (UTC) on July 21 to July 22. Trusta.AI is a protocol redefining trust for the AI era through identity and on-chain reputation.
According to Business Insider, publicly listed electric vehicle company Volcon (NASDAQ: VLCN) announced a private financing round exceeding $500 million, planning to use at least 95% of the funds to purchase Bitcoin as the company's primary reserve asset. The financing is led by Empery Asset Management, with participation from well-known crypto venture capital firms such as FalcolnX, Pantera, and Borderless.
Volcon co-CEO John Kim stated that holding Bitcoin is a strategic move to safeguard shareholder value in an era of accelerating currency devaluation. The transaction is expected to be completed on July 21.
Berachain released the "PoL v2" proposal, planning to redirect 33% of PoL incentives to the native BERA yield module, allowing BERA holders to directly receive protocol revenue, enhancing token utility and yield capability. The module supports a 7-day unbinding period to curb arbitrage and encourage long-term holding.
The proposal was open for community feedback from July 14 to 20, with governance voting on July 21. If approved, it is expected to go live on the mainnet on July 21.
The team stated that PoL v2 will enable BERA to achieve "maximum yield" in L1, ushering in a new era of blockchain 3.0 incentive mechanisms.
July 22 (Tuesday)
According to Crypto In America, the Trump administration's digital asset working group is preparing to submit its first important cryptocurrency policy report by July 22.
This report is the result of months of collaboration between working group leaders David Sacks, Bo Hines, and senior officials from the Treasury Department, Commerce Department, SEC, and CFTC, aimed at implementing President Trump's executive order signed in January to strengthen the United States' leadership in the cryptocurrency space. The report is expected to include regulatory and legislative recommendations, but specific details remain unclear. The working group's original tasks included developing a federal digital asset framework covering stablecoins (Congress has initiated related procedures) and exploring whether to establish a national digital asset reserve (which Trump set up in March).
Working group member and CFTC acting chair Caroline Pham stated in a recent speech that the report will serve as the government's "cryptocurrency roadmap" and described the current work as "productive." White House officials indicated that the report will be released as scheduled before the July 22 deadline.
While the details of the report have not been disclosed, industry insiders speculate it may include a strategic Bitcoin reserve fundraising plan that does not increase taxpayer burdens, as well as recommendations to ensure fair access to banking services from institutions like the Federal Reserve for crypto companies—historically, the Federal Reserve has refused to allow crypto companies direct access to its payment systems.
Binance Alpha will launch Yala (YALA) on July 22
Binance officially announced that the Alpha platform will be the first to launch the Yala (YALA) token on July 22. Eligible users can claim airdrops using points on the Alpha event page, with specific details to be announced later.
Binance Wallet's exclusive TGE will launch Delphinus Lab (ZKWASM) on July 22
According to the official announcement, Binance Wallet's exclusive TGE for the 31st phase will launch Delphinus Lab (ZKWASM).
- Subscription time: July 22, 2025, from 4 PM to 6 PM (UTC+8);
- Subscription eligibility: Eligible users must use Binance Alpha points to participate;
- An additional 40,000,000 ZKWASM will be allocated for future activities, with specific details to be announced later.
According to News.bitcoin, a federal jury in San Francisco found AML Bitcoin founder and CEO Rowland Marcus Andrade guilty of telecommunications fraud and money laundering. Andrade is scheduled to be sentenced on July 22, 2025. He faces up to 20 years in prison for telecommunications fraud and up to 10 years for money laundering, along with the forfeiture of assets related to his crimes.
Evidence presented during the trial showed that the 47-year-old Andrade from Texas misappropriated over $2 million from AML Bitcoin sales for personal expenses, including the purchase of two properties in Texas and two luxury cars. He laundered investors' funds through various bank accounts and then used those funds to finance his purchases. The jury found that Andrade falsely claimed that AML Bitcoin was about to receive approval from the Panama Canal Authority, but no such agreement existed. Through these false statements, he raised millions of dollars from investors.
Panbubu's governance vote on token economic model will end on July 22
According to Polyhedra Network, Panbubu has officially launched the governance vote on the PANBUBU token economic model. This vote is open to all SBT holders, and participants will vote on key parameters such as the token issuance mechanism, distribution structure, and incentive plans.
This round of governance marks a critical phase led by the community for Panbubu, aiming to build a more sustainable, consensus-driven economic system.
Voting deadline: July 21, 2025, at 23:59 (UTC).
July 23 (Wednesday)
216th Ethereum ACDE meeting: Developers plan to launch Fusaka Devnet-3 on July 23
The minutes from the 216th Ethereum Core Developer Meeting (ACDE), summarized by Christine Kim, show that today developers decided to remove EIP 7907 from the Fusaka upgrade, meaning there will be no changes to the smart contract code size limit for Ethereum in the foreseeable future.
A version of this EIP may be reintroduced for the Glamsterdam hard fork, but it cannot be guaranteed to be included in the next hard fork.
Additionally, Tim Beiko shared a possible timeline for the mainnet launch of Fusaka. The proposed timeline is as follows: 1. Public testnet release: week of August 25; 2. First public testnet upgrade: September 22 to October 3; 3. Second testnet upgrade: October 6 to 10. Furthermore, developers plan to launch Fusaka Devnet-3 on July 23.
Regarding the Glamsterdam hard fork, developers have generally reached a consensus on the planned implementations. However, they are still discussing several key issues regarding how to implement the "proposer-builder separation solidification mechanism" and "block-level access lists."
After further soliciting broader Ethereum community opinions, developers plan to make a final decision on core code changes in the Glamsterdam upgrade within the next two to four weeks.
July 24 (Thursday)
Binance Alpha will launch Aspecta (ASP) on July 24
According to the official announcement, Binance Alpha will launch Aspecta (ASP) on July 24. Eligible users can claim airdrops using Binance Alpha points on the Alpha event page as soon as trading opens. More details will be announced soon.
July 25 (Friday)
Tornado Cash co-founder Roman Storm's case statement is expected to conclude by July 25
According to Cointelegraph, prosecutors in the Southern District of New York are expected to conclude their case statement against Tornado Cash co-founder Roman Storm by July 25. Storm is charged with money laundering, operating an unlicensed money transmission business, and violating U.S. sanctions, and if all charges are upheld, he could face several years in prison.
The prosecution has summoned several witnesses to testify, including FBI agents and forensic accountants. Storm's defense team plans to argue the importance of cryptocurrency privacy protection and may cite kidnapping cases involving crypto users as evidence to support their position.
Roman Storm co-founded Tornado Cash in 2019 with Alexey Pertsev and Roman Semenov. The case is expected to be heard for 3 to 4 weeks.
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