1. This Week's Large Token Unlocks
In the next 7 days, single large unlocks (over $5 million) include SUI, JUP, ENA, OP, KMNO, SIGN, GPS, ZETA, REZ, etc. In the next 7 days, linear large unlocks (over $1 million per day) include SOL, WLD, TIA, Doge, TAO, AVAX, SUI, DOT, IP, MORPHO, Sei, ETHFI, JTO, FIL, ENS, etc., with a total unlock value exceeding $686 million.
2. Short Video Platform Reveals 140 Million Yuan Corruption Case, Employees Laundering Money with Bitcoin
Prosecutors in Beijing's Haidian District disclosed that a former employee of a short video platform, Feng, colluded with external merchants to fraudulently obtain 140 million yuan in subsidies through internal data leaks and false declarations. The stolen funds were received by shell companies, converted to Bitcoin, and laundered through "coin mixing" techniques, with some funds transferred back to his controlled accounts. Feng and 6 others were sentenced to 3 to 14.5 years in prison with fines, and over 90 Bitcoins were recovered. The verdict has taken effect.
3. ETH Approaches $4,000, Spot ETF Inflows Continuously Exceed BTC
QCP Capital noted that ETH is approaching $4,000 driven by continuous net inflows into spot ETFs, with seven-day inflows consistently surpassing BTC, despite ETH's market cap being only one-fifth of BTC's. Although BTC ETF inflows have slowed, its price remains stable, with a 80,000 BTC sell-off last Friday quickly absorbed. Current market leverage is high, with ETH and BTC perpetual open interest near a one-year peak, funding rates exceeding 15%, and some large investors starting to take profits and hedge downside risks.
4. EU and US Reach Trade Agreement, Agree to 15% Tariff and Increase US Investments
The EU and US reached an agreement to avoid a trade war, with the EU agreeing to a 15% unified tariff on most exports including automobiles, promising to purchase $750 billion in US energy products, invest an additional $600 billion in the US, open markets, and purchase US military equipment. The complete agreement terms have not been published, and some details remain disputed.
5. BTCS Inc. Announces Acquisition of 14,240 ETH, Total Holdings Now 70,028
BTCS Inc. (Nasdaq: BTCS) announced an additional 14,240 ETH to its holdings, with total holdings now at 70,028, valued at approximately $270 million at an ETH price of $3,850. The company has raised $207 million this year through its DeFi/TradFi flywheel strategy and completed a $10 million convertible debt financing with a conversion price of $13 per share.
6. Southeast Asia's Largest Ride-Hailing App Grab Supports Crypto Deposits for Philippine Users
Grab, Southeast Asia's largest ride-sharing app, announced that Philippine users can now deposit cryptocurrencies (such as BTC, ETH, USDC, USDT) into their GrabPay wallet through a partnership between local exchange PDAX and payment platform Triple-A. This feature, initially launched in Singapore in 2024, aims to enhance payment convenience and financial accessibility in the Philippines.
7. Wu Blockchain's Weekly Macro Indicators and Analysis: China-US Trade Negotiations, Tariff "Deadline", Federal Reserve Rate Decision, Non-Farm Employment
Summary
This week features numerous significant events, including ongoing China-US trade negotiations, the August 1st tariff "deadline", the Federal Reserve rate decision, and the US non-farm employment data report.
Last Week's Review
• The European Central Bank maintained the deposit facility rate at 2%, in line with market expectations, after seven consecutive rate cuts. The main refinancing rate and marginal lending rate remained unchanged at 2.15% and 2.40%, respectively.
• US initial jobless claims for the week ending July 19 were 217,000, lower than the expected 226,000 and previous 221,000.
• Trump unveiled an AI action plan aimed at surpassing China and gaining a leading position in AI competition.
• The Australian Central Bank's meeting minutes indicated that a July rate cut would contradict its "cautious" strategy.
Key Events & Indicators This Week
July 28
• Politburo Member and Vice Premier He Lifeng to conduct economic and trade talks with the US in Sweden from July 27 to 30
July 30
• US July ADP Employment (20:15)
• US Q2 Real GDP Annualized Quarter-on-Quarter Initial Value (20:30)
• US Q2 Core PCE Price Index Annualized Quarter-on-Quarter Initial Value (20:30)
July 31
• Federal Reserve FOMC Rate Decision (02:00)
• US June Core PCE Price Index Year-on-Year (20:30)
• US Initial Jobless Claims for the Week Ending July 26 (20:30)
• Bank of Japan Rate Decision and Economic Outlook Report
August 1
• US July Unemployment Rate (20:30)
• US July Seasonally Adjusted Non-Farm Employment (20:30)
• US "Reciprocal Tariffs" Begin, 50% Copper Import Tariff Takes Effect
