Weekly Preview | Wyoming stablecoin WYST is set to launch; Powell will deliver a speech in Jackson Hole, market follows interest rate cuts and succession trends.

#####News Preview:

• Fasttoken (FTN) will unlock approximately 20 million tokens at 8:00 AM Beijing time on August 18, which is 2.08% of the current circulating supply, valued at about $91.4 million;
• Brazil plans to hold a hearing on its Bitcoin strategic reserve on August 20;
• The Wyoming stablecoin WYST is scheduled to launch on August 20;
• LayerZero (ZRO) will unlock approximately 25.71 million tokens at 7 PM Beijing time on August 20, which accounts for 8.53% of the current circulating supply, worth approximately 56.6 million USD;
• The Federal Reserve will release the latest monetary policy meeting minutes at 2:00 AM Beijing time on August 21.
• Powell will speak at Jackson Hole on August 22, and the market is focused on interest rate cuts and succession trends.

####August 18

#####Regulatory Policies:

Thailand will launch a cryptocurrency exchange program for foreign tourists on August 18th

Thailand will launch the TouristDigiPay program next Monday (August 18), allowing foreign tourists to exchange cryptocurrencies for Thai Baht for payments, in an effort to revitalize the tourism industry. Under the program, foreign tourists must open accounts with digital asset companies and electronic money providers regulated separately by the U.S. Securities and Exchange Commission (SEC) and the Bank of Thailand. The program operates within a regulatory sandbox to ensure oversight and prevent the direct use of digital assets as a payment method. Only foreign tourists temporarily staying in Thailand can use this service. Participants must complete "KYC" and customer due diligence in accordance with anti-money laundering office standards.

#####Exchange:

Binance Alpha will launch Reservoir (DAM) on August 18, supporting spot and futures trading

Binance Alpha will be the first platform to launch Reservoir (DAM), with spot trading opening on August 18 at 11:00 (UTC) and futures trading opening on the same day at 12:30 (UTC). Eligible users can claim airdrops using Binance Alpha Points through the Alpha Events page, with more details to be announced later.

Binance will launch the 34th TGE project RICE (RiceAI) on August 18

Binance Wallet will hold the 34th RICE (RiceAI) project TGE through PancakeSwap on August 18, with the subscription time from 8:00 to 10:00 (UTC). Users need to participate using Binance Alpha Points. Additionally, the official team will provide an extra 40,000,000 RICE for subsequent activities, with specific details to be announced.

Coinbase will conduct system maintenance on August 18

Coinbase will conduct system maintenance on August 18, during which transfers of Bitcoin, Litecoin, Bitcoin Cash, Zcash, Dash, and the Lightning Network will be delayed. All ERC20 and ETH transfers on the Ethereum and Ethereum Classic networks will also be affected, but buying, selling, and trading functions will not be impacted.

Coinbase Derivatives will launch mini perpetual futures for SOL and XRP on August 18

Coinbase Derivatives will launch nano SOL and nano XRP US perpetual futures on August 18, further expanding its derivatives product line and providing American investors with broader market access.

#####Project Updates:

OKB Burn and Upgrade: Smart Contract Upgrade on August 18

According to an official announcement from OKX, in the plan for the PP upgrade of the X Layer and the launch of the OKB Gas Token economic model optimization, the OKB Smart Contract is expected to be upgraded on August 18 at 2:00 PM, removing the functions of minting and burning.

Cap will launch its native points system Caps on the Ethereum mainnet on August 18th

The Yield Protocol Cap will go live on the Ethereum mainnet on August 18, at which point all protocol features will be officially enabled. This launch will initiate a new on-chain yield economy and reward the earliest explorers through the Frontier program. The Frontier program will last a maximum of 5 months and will introduce a native points system called Caps, which may conclude early if specific targets are met. The program will be divided into several phases, with each phase providing Caps for various activities.

Kaito Al: Capital Launchpad will launch the RISE token public sale on August 18 at 20:00

Kaito Al announced that its Capital Launchpad will open the public sale of RISE tokens on August 18 at 20:00. The FDV for this round of public sale is fixed at 200 million USD, with a target fundraising of over 2 million USD, and the maximum issuance scale is capped at 4% of the total supply, with 50% unlocked at TGE and 50% unlocked after 6 months post-TGE (fixed).

#####Token Unlock:

Fasttoken (FTN) will unlock approximately 20 million tokens at 8:00 AM Beijing time on August 18, which accounts for 2.08% of the current circulating supply, valued at about $91.4 million.

The Melania Meme (MELANIA) will unlock approximately 26.25 million tokens at 8:00 AM Beijing time on August 18, with a ratio of 5.60% to the current circulating supply, valued at approximately 5.7 million US dollars.

####August 19

#####Exchange:

Deribit will launch USDC settled Bitcoin and Ethereum linear options on August 19

The cryptocurrency derivatives exchange Deribit announced that it will launch USDC-settled Bitcoin (BTC) and Ethereum (ETH) linear options and futures contracts on August 19, further expanding its stablecoin settlement product line. The new contracts have a minimum order quantity of 0.01 BTC and 0.1 ETH, enhancing trading accessibility. Deribit had previously launched USDC-settled linear options for Solana, Polygon, and XRP last year, while the existing MATIC options have been delisted. Deribit stated that the growing demand from institutions and retail investors for stablecoin-settled derivatives has prompted this expansion. The exchange's trading volume this month exceeded $185 billion, and it was recently acquired by Coinbase for approximately $2.9 billion.

#####Project Updates:

Bless opens the TIME token airdrop registration window, deadline August 19

The official Bless of the Solana ecosystem shared computing protocol announced on platform X that the registration window for the TIME token airdrop is now open. By August 19, users need to complete registration by linking social accounts, linking wallets, and other steps to qualify for the upcoming TIME token airdrop. Additionally, importing the current wallet into an OKX wallet or creating a new OKX wallet address during registration will earn a 5% bonus on the token airdrop.

####August 20

#####Policy Regulation:

Brazil plans to hold a hearing on Bitcoin strategic reserves on August 20

The Federal Chamber of Deputies of Brazil has scheduled a public hearing on August 20 to discuss the establishment of a national Bitcoin reserve.

The U.S. temporarily exempts some sanctions against Russia, and the authorization is valid until August 20

According to the Global Times citing the Kyiv Independent on the 14th, the U.S. Department of the Treasury announced that it would temporarily exempt certain sanctions against Russia, allowing relevant transactions necessary for the preparatory work of the U.S.-Russia summit to be held in Alaska, in order to advance the summit preparations. On August 13 local time, the Office of Foreign Assets Control of the U.S. Department of the Treasury issued a temporary license that day, temporarily allowing certain commercial activities under the framework of the "Russia Harmful Foreign Activities Sanctions Program" and the "Ukraine/Russia-related Sanctions Regulations," but this does not involve unfreezing any frozen Russian assets. The authorization is valid until August 20, and the exemption is limited to commercial transactions that provide necessary support for the preparation of this summit.

#####Exchange:

ProShares and Bitwise apply to launch a double-leveraged and income CRCL ETF tracking Circle, expected effective date is August 20

According to Bloomberg analyst Eric Balchunas, Circle Internet Group (CRCL), which just went public last Thursday, will see two ETFs based on its stock: ProShares plans to launch the Ultra CRCL ETF with 2x leverage, while Bitwise intends to introduce a CRCL income ETF primarily based on a Covered Call strategy. Both are expected to take effect on August 20, 2025.

#####Project Updates:

Wyoming stablecoin WYST is set to launch on August 20

The Wyoming Stable Token Committee is a government-supported organization responsible for the development of the WYST stablecoin. According to its latest monthly meeting minutes, the committee plans to launch the mainnet on August 20. The organization has not yet determined on which of the 11 blockchains—Aptos, Arbitrum, Avalanche, Base, Ethereum, Optimism, Polygon, Sei, Solana, Stellar, and Sui—WYST will officially launch. However, the first government-supported stablecoin may be chosen to be issued on multiple blockchains.

According to the latest schedule, the organization plans to "migrate the WYST smart contract to" the designated "candidate" blockchain. After that, the organization will conduct "production testing" by "using institutional funds to finance a small WYST procurement and ensuring that the end-to-end process is in place" to prepare for the public release scheduled during the blockchain seminar in Wyoming in August.

The AI project Sapien will have its TGE on August 20, with 5% airdropped to early contributors

Sapien Foundation announced that it will hold the SAPIEN Token Generation Event (TGE) on August 20, where the tokens will be first issued and distributed. The token is built on Coinbase's Layer-2 blockchain Base and will support a decentralized data minting platform, providing high-quality data support for AI. This event will use a fair distribution model, with an initial unlock of 25% of the total amount, and 5% of the tokens will be airdropped to early contributors, while CookieDAO community members will receive a 0.5% allocation.

According to reports, AI data collection startup Sapien announced last year that it had completed a $10.5 million seed round of financing, led by venture capital firm Variant, with participation from Primitive Ventures, Animoca, Yield Game Guild, and HF0. Angel investors such as YGG founder Gabby Dizon and SoftBank Vision Fund alumnus Kevin Jiang also participated in this round of financing.

The first phase of the Boundless verification competition will end on August 20 and a snapshot will be taken

The first phase of the General ZK Protocol Boundless verification competition will end at 11:00 Beijing time on August 20. The team will take a snapshot of the leaderboard. Based on this snapshot, 0.5% of the Boundless token supply will be allocated to participating users at TGE. After August 20, the new leaderboard will start recording until the mainnet goes live. The rewards from this leaderboard will be airdropped after the PoVW mainnet goes live.

#####Token Unlock:

LayerZero (ZRO) will unlock approximately 25.71 million tokens at 7 PM Beijing time on August 20, accounting for 8.53% of the current circulating supply, valued at around 56.6 million USD.

KAITO (KAITO) will unlock approximately 23.35 million tokens at 8 PM Beijing time on August 20, which is 10.87% of the current circulation, valued at approximately 26.2 million USD.

ZKsync (ZK) will unlock approximately 25.71 million tokens at 7 PM Beijing time on August 20, accounting for 8.53% of the current circulation, with a value of approximately 56.6 million USD.

####August 21

#####Macroeconomics:

At 2 AM, the Federal Reserve released the minutes of the monetary policy meeting;

At 3 a.m., 2027 FOMC voter and Atlanta Fed President Bostic will speak on the economic outlook;

#####Exchange:

Upbit will delist STRIKE on August 21

The South Korean cryptocurrency exchange Upbit will delist STRIKE on August 21 at 15:00 local time.

The Hong Kong Stock Exchange will list two new spot virtual asset ETFs on August 21

According to documents from the Hong Kong Stock Exchange, the MicroBit Bitcoin Spot ETF and the MicroBit Ethereum Spot ETF will be listed on the Hong Kong Stock Exchange next Thursday, August 21, (. Both ETFs have a management fee of 0.5% per year of net asset value, which is relatively low among existing cryptocurrency spot ETFs. Bank of China International UK Trust serves as the custodian and administrative manager, with HashKey Exchange as the virtual asset trading platform and Hash Blockchain Limited as the sub-custodian. Participating brokers include China Merchants Securities ) Hong Kong (, Ade Securities and Futures, Future Asset Securities ) Hong Kong (, Huaying Dongfang ) Asia (, Huasheng Capital Securities, and Victory Securities.

) August 22

#####Macroeconomics:

Powell will deliver a speech at Jackson Hole on August 22, and the market is focused on interest rate cuts and succession trends

Federal Reserve Chairman Jerome Powell will speak on August 22 at 10 a.m. Eastern Time (10 p.m. Beijing Time) at the Jackson Hole Central Bank Annual Meeting to discuss the economic outlook and policy framework assessment.

Current tariffs have affected inflation, the job market is slowing down, and the market expects the Federal Reserve to cut interest rates by 25 basis points in September. Trump continues to pressure for interest rate cuts and is looking for a successor, as Powell's term will expire in May next year.

#####Project Update:

BTC Digital has postponed the extraordinary general meeting to August 22nd

NASDAQ-listed company BTC Digital Ltd. announced the postponement of its extraordinary general meeting to August 22, 2025. The company previously announced that it would fully embrace Ethereum (ETH) as its core asset and operational foundation, and plans to convert all BTC reserves into ETH. The related plans are expected to be discussed and voted on at the shareholders' meeting.

####August 23

#####Project Updates:

BitMEX will migrate its data center to Tokyo on August 23, and services will be suspended during this period

The BitMEX platform will conduct a data center migration from AWS Dublin to AWS Tokyo on August 23, 2025, from 02:00 to 07:00 (UTC). During the migration, all services including the website, mobile application, trading, deposits, and withdrawals will be temporarily unavailable. After the migration is completed, the system will have at least a 15-minute "cancel only" mode before resuming normal trading. This migration does not require users to change their API connection settings, but it is recommended that users test their API integration in advance to ensure a smooth transition.

#####Token Unlock:

SOON will unlock approximately 41.88 million tokens at 4:30 PM Beijing time on August 23, which accounts for 13.04% of the current circulating supply, worth approximately $12.1 million.

####August 24

#####Policy Regulation:

**The Central Bank of Brazil is seeking public comments on accounting standards for virtual assets, deadline August 24

According to the official website of the Central Bank of Brazil, the Central Bank of Brazil has recently opened a public consultation on accounting standards for virtual assets. The main content of the draft resolution includes: definitions of initial recognition and subsequent measurement standards, accounting treatment of issued virtual assets and custody of third-party virtual assets, as well as detailed information on the changes in the value of issued assets, the nature of the assets, and related obligations disclosed in explanatory notes. The public can submit opinions and suggestions through its official website or government platforms before August 24, 2025.

#####Project Updates:

The blockchain game TOKYO BEAST will terminate its service on August 24