U.S. Senate Banking Committee holds hearing on crypto market structure, APT worth about $50.44 million to be unlocked

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Key industry events and project developments worth paying attention to in the coming week, subscribe with one click to grasp market pulse anytime, anywhere.

Web3 events not to be missed this week (July 7-13, 2025), here's a preview:

Monday (July 7): Bybit announced that according to the Indian tax framework, virtual digital asset service providers need to collect 18% Goods and Services Tax (GST) from Indian residents, covering service and transaction fees. To meet this requirement, Bybit will start charging GST on certain services from July 7, 2025. Users will be able to see the GST amount and corresponding fees in their transaction history.

Robinhood EU launched some of the world's first unlisted company stock tokens, including tokens for OpenAI and SpaceX. Eligible users can claim OpenAI and SpaceX tokens in the app before July 7.

Pantera Capital's digital asset reserve fund will be open to investors, with applications closing on July 7.

Solana treasury company DeFi Development raised $112.5 million, with the transaction expected to be completed on July 7, and funds will be used to purchase its first SOL tokens.

Tuesday (July 8): Binance Wallet will host the BOOM TGE event from 16:00 to 18:00.

SharpLink Gaming will ring the closing bell at the Nasdaq Stock Market on July 7.

Wednesday (July 9): The US Senate Banking Committee will hold a full committee hearing on crypto market structure at 22:00 Beijing time. Confirmed participants include: Ripple CEO Brad Garlinghouse, Blockchain Association CEO Kristin Smith, Chainalysis CEO Jonathan Levin, and Paradigm General Partner Dan Robinson.

Bybit will cease providing traditional crypto loan, Bybit Card, spot grid robot, DCA robot, futures grid robot, and futures portfolio robot services to Indian customers from 16:00 on July 9, 2025.

Polkadot Community Foundation proposes issuing a co-branded Visa card, with voting open until July 9.

US-EU tariff negotiations extended until July 9.

Movement (MOVE) will unlock 50 million tokens on July 9 at 20:00, worth approximately $7.7 million, representing 1.92% of circulation.

Thursday (July 10): Moo Deng, a pygmy hippopotamus at Khao Kheow Open Zoo in Thailand, will celebrate her first birthday. Director Narongwit Chodchoy announced a four-day "Moo Deng's First Birthday" festival from July 10-13 at the Hippo Exhibition Hall in Chonburi Province.

Friday (July 11): Immutable (IMX) will unlock 24.52 million tokens on July 11 at 8:00, worth approximately $10.36 million, representing 1.31% of circulation.

Saturday (July 12): Aptos (APT) will unlock 11.31 million tokens on July 12 at 22:00, worth approximately $50.44 million, representing 1.75% of circulation.

Sunday (July 13): Aethir Edge token economics 2.0 will go live on July 13, introducing a staking-driven reward mechanism. Users need to stake ATH to participate in rewards, with Bronze, Silver, and Gold tiers, offering up to 240 ATH/day in rewards.

The 2025 Global RWA & AGI Ecosystem Summit hosted by the China Mobile Communications Association will be held on July 13.

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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