This Week's Key News Preview | The U.S. Will Release July CPI and PPI Data
Highlights of the week from August 11 to August 17.整理：Jerry，ChainCatcher
Key News:
- Binance Alpha will launch SatLayer (SLAY) on August 11
- Binance Alpha will launch Xeleb Protocol Token (XCX) on August 11
- The U.S. will release July CPI data on August 12
- Binance Alpha will launch World3 (WAI) on August 12
- The U.S. will release July PPI data on August 14
- Public company SharpLink will hold a financial report conference call and release financial data on August 15
August 11 (Monday)
Binance Alpha will launch SatLayer (SLAY) on August 11
According to the official announcement, Binance has announced that the Binance Alpha platform will launch SatLayer (SLAY) on August 11. Eligible users can claim airdrops using Binance Alpha Points on the Alpha Events page after trading opens. For more details, please refer to the official announcement.
Binance Alpha will launch Xeleb Protocol Token (XCX) on August 11
According to the official announcement, Binance Alpha will launch Xeleb Protocol Token (XCX) on August 11. Eligible users can claim airdrops using Binance Alpha Points on the Alpha Events page after trading opens.
The deadline for claiming the airdrop from Solana domain service provider sns.sol is August 11
Solana's ecological domain service, Solana Name Service (SNS), announced on platform X that the Genesis Airdrop claim will end tomorrow. After the deadline, all unclaimed tokens will be redirected to promote ecosystem growth.
According to Crowdfundinsider, the Malaysian Securities Commission (SC) released a consultation document on July 1, proposing a comprehensive reform of the regulatory framework for Digital Asset Exchanges (DAX).
The new regulations will allow eligible digital assets to be listed without prior approval while requiring exchanges to enhance governance standards, enforce customer asset segregation, and meet higher financial thresholds. This move aims to accelerate the token listing process, expand product offerings, and enhance investor protection. Malaysia's digital asset trading is expected to reach a record 13.9 billion ringgit (approximately 2.9 billion USD) in 2024, double that of the previous year. The public consultation period will last until August 11, 2025.
Binance will adjust the minimum price precision of multiple U-based perpetual contracts on August 11
According to the official announcement, Binance will adjust the minimum price precision (i.e., the minimum price fluctuation value) for the following U-based perpetual contract trading pairs on August 11 at 15:00 (UTC+8). During the adjustment period, U-based perpetual contract trading and various operations will not be affected; API synchronization will be updated, and API users can check the latest price precision of U-based perpetual contracts via GET /fapi/v1/exchangeInfo; existing contract orders will not be affected. After the price precision update, the system will still match orders according to the original order price precision in the matching system.
Binance will delist DEFIUSDT and MEMEFI U-based perpetual contracts on August 11
According to the official announcement, Binance contracts will automatically liquidate DEFIUSDT and MEMEFI U-based perpetual contracts on August 11, 2025, at 17:00 (UTC+8), and will delist the aforementioned U-based perpetual contract trading pairs after the liquidation is completed.
Bithumb and other South Korean DAXA members will delist ALEX token on August 11
According to the official announcement, South Korean cryptocurrency exchange Bithumb announced that members of the Korea Digital Asset Exchange Association (DAXA) plan to terminate trading support for ALEX.
Bithumb's announcement states that trading of ALEX will cease on August 11, and withdrawal functions will be closed on September 11. The exchange stated that although the project party submitted explanatory materials, they failed to resolve the trading risk warning issue, and it was assessed that the token did not meet the standards for continued trading.
August 12 (Tuesday)
The U.S. will release July CPI data on August 12
At 20:30 Beijing time on August 12, the U.S. will release July CPI data.
Binance Alpha will launch World3 (WAI) on August 12
According to official news, Binance Alpha will launch World3 (WAI) on August 12.
FTX bankruptcy management lawyers recently objected to the $1.53 billion claim made by Three Arrows Capital (3AC), requesting the court to dismiss it in full.
The lawyers stated that 3AC's losses were due to market fluctuations and its own withdrawal, unrelated to FTX. In March of this year, the bankruptcy court approved 3AC's claim amount to increase from $120 million to $1.53 billion. In November 2024, 3AC claimed that FTX sold $1.5 billion worth of assets two weeks before its liquidation, citing new evidence. However, FTX lawyers countered that the claim was based on unreasonable premises, inaccurate data, and disregard for facts.
FTX pointed out that after the collapse of Terra in June 2022, 3AC's account balance fell below $240 million, yet they did not replenish the margin and instead withdrew $18 million in ETH. FTX subsequently liquidated $820 million in assets to avoid a loss of $18 million when the account went bankrupt. 3AC must submit a response by July 11, and the hearing is scheduled for August 12.
August 14 (Thursday)
The U.S. will release July PPI data on August 14
At 20:30 Beijing time on August 14, the U.S. will release initial jobless claims for the week ending August 9, as well as July PPI data.
According to Cointelegraph, the co-founders of the now-defunct cryptocurrency mining service HashFlare, Sergei Potapenko and Ivan Turõgin, after admitting to telecom fraud, have requested a U.S. court to waive additional imprisonment. The two are accused of orchestrating a $577 million Ponzi scheme, resulting in approximately $300 million in losses.
Prosecutors advocate for a 10-year sentence for each, stating that their crimes are among the largest fraud cases handled by the court. However, Potapenko and Turõgin argue that they have cooperated with the investigation and have served 16 months in prison in Estonia, and their sentences should not be excessively long.
The two were arrested in Estonia in November 2022 and extradited to the U.S. in May 2024. They are currently out on bail, and the sentencing hearing is scheduled for August 14.
August 15 (Friday)
Ethereum-reserved public company SharpLink Gaming (SBET) announced that it will hold a conference call and live broadcast on August 15, 2025, at 20:30 to announce its financial and operational performance for the three and six months ending June 30, 2025.
Ghana requires virtual asset companies to complete registration by August 15
According to Jin10, market news indicates that Ghana requires virtual asset companies to complete registration by August 15.
According to a press release, FTX announced that for the approved five categories of customer equity claims and six categories of general unsecured claims (definitions can be found in the plan), as well as holders of convenience claims that have been approved but not yet allocated since the previous record date, the next distribution registration date is expected to be August 15, 2025, with the next distribution expected to begin around September 30, 2025. The next distribution will be conducted by FTX's distribution service providers BitGo, Kraken, and Payoneer.
FTX also announced that it has been authorized by the bankruptcy court to reduce the disputed claims reserve by $1.9 billion, from $6.5 billion to $4.3 billion, and the released cash will be distributed to holders of allowed claims in the next distribution.
BNB Chain announces the selected projects for MVB Season 10 and will hold a Demo Day on August 15
BNB Chain announced the official launch of the Most Valuable Builder (MVB) accelerator program for Season 10, with 15 early Web3 projects successfully selected. This season's MVB is co-hosted by BNB Chain, YZi Labs, and CMC Labs, aiming to provide comprehensive support for startup projects, from financing strategies and tokenomics design to team building, promoting BNB Chain's vision of "bringing a billion Web3 users."
MVB Season 10 will launch online and hold a two-day offline closing event in New York, with outstanding projects selected for investment support from YZi Labs. Demo Day will be held on August 15, and global audiences can watch online. Since its launch in 2021, the MVB program has incubated over 200 projects, with 16 projects selected in Season 9. Recently, Meet48 and Avalon Labs, both of which received investment from YZi Labs, also come from the MVB selected teams.
The selected projects are as follows:
AI Direction:
- RICE AI: Focused on decentralized training of foundational models for robots.
- Whitebridge Network: Creating a trusted intelligent layer for character data AI Agents.
DeFi:
- AGNT.Hub: A decentralized social protocol that transforms platform X into a Web3 interaction gateway.
- FlashX.ai: A Web3 application abstraction layer built on social media.
- Opsin: A unified quantitative trading terminal across multiple chains.
- Sigma Money: Layering yield assets to achieve a combination of stable returns and leveraged exposure.
DePin:
- Bitring: A smart ring with mining capabilities and health monitoring functions.
- ShareX: Web3 financial and consumption infrastructure for the sharing economy.
Decentralized Social Direction:
- dLife: A decentralized human data network connecting life sciences and Web3.
Payments:
- AEON: A full-chain payment framework for AI and real-world applications.
- Pepay: A multi-chain non-custodial payment infrastructure serving autonomous intelligent applications and Web3 transactions.
RWA (Real World Assets):
- Asseto: An RWA Launchpad integrating traditional financial assets and DeFi.
- AXC: A programmable protocol connecting traditional financial agreements with on-chain infrastructure.
- DMZ Finance: A platform focused on RWA tokenization and stablecoin architecture.
- R2: RWA ETF products supported by stablecoins.
August 16 (Saturday)
Coinbase will suspend Function X (FX) trading on August 16
According to the official announcement, Coinbase announced that it will suspend trading of Function X (FX) around 2:00 on August 16, 2025. This decision is due to the project team still suspending the underlying smart contract of the asset on Coinbase.
Risk warning
Risk warning
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