1. This Week's Large Token Unlocks
In the next 7 days, single large unlocks (over $5 million) include AVAIL VENOM ALT SAHARA SOON, etc. Linear large unlocks in the next 7 days (daily unlock over $1 million) include SOL WLD TRUMP TIA DOGE TAO AVAX SUI DOT IP MORPHO SEI ETHFI JTO NEAR ENS FIL, with a total unlock value exceeding $442 million.
2. Trump Media Group Announces Bitcoin Assets Reaching Approximately $2 Billion
Trump Media announced that its Bitcoin assets have reached approximately $2 billion, representing two-thirds of the company's approximately $3 billion in liquid assets. The strategy is supported by $3 billion in liquid funds, with an additional $300 million used for Bitcoin-related option operations that may be converted to spot Bitcoin in the future.
3. Strategy Adds 6,220 Bitcoins, Total Holdings Reach 607,770
Strategy announced purchasing 6,220 Bitcoins between July 14 and July 20, at an average price of $118,940, with a total cost of $739.8 million. As of July 20, 2025, Strategy holds 607,770 BTC, with a total cost of $43.61 billion, at an average price of $71,756.
4. US Pension Fund OPERS Increases Holdings in Palantir and Strategy in Q2
OPERS (Ohio Public Employees Retirement System), one of the largest public pension funds in the US, filed a 13F for Q2 2025 showing increased holdings of 171,441 Palantir shares and 21,499 Strategy shares, while reducing Lyft holdings by 58,881 shares. As of June 30, it held 908,712 Palantir shares, 101,880 Strategy shares, and 166,628 Lyft shares.
5. QCP: ETH Derivatives Surge, Altcoin Season May Have Begun
QCP noted that ETH perpetual contract open interest surged to $28 billion in a week, with ETH ETF inflows exceeding BTC for two consecutive days, and market expectations of staking spot ETF approval. Driven by the GENIUS Act, institutions are reallocating to mainstream L1 with ETH and custody stablecoins. ETH's market share rose to 11.6%, BTC dominance dropped to 60%, with bullish option market bets indicating the start of an altcoin season.
6. WSJ: Dynamix Plans to Merge and Form The Ether Machine, Holding Over $1.5 Billion in Ethereum
Shell company Dynamix is preparing to merge with another entity to form a new company "The Ether Machine", planning to hold over $1.5 billion in Ethereum. The project is chaired by ConsenSys former executive Andrew Keys. Sources say the deal is still in progress and not yet finalized.
7. Wu Blockchain's Weekly Macro Indicators and Analysis: Powell's Speech, ECB Rate Decision
Summary
Last week, US June inflation data showed CPI at 2.7% and PPI at 2.3%. The Fed's latest Beige Book indicates an overall neutral to slightly pessimistic outlook, with only a few regions expecting economic growth. Few major data indicators this week, focus on Powell's regulatory meeting speech and the ECB rate decision.
Last Week Review
US June unadjusted CPI year-on-year at 2.7%, as expected, up from 2.40%, highest since February.
US June PPI year-on-year at 2.3%, lowest since September 2024, expected 2.5%, revised from 2.60% to 2.7%.
Fed's Beige Book shows slight economic growth from late May to early July, with modest job increases, moderate wage growth, and limited layoffs. Pressure from tariff-driven material and insurance costs, with some businesses passing costs to consumers. Overall outlook neutral to slightly pessimistic.
US initial jobless claims for the week of July 12 at 221,000, expected 235,000, revised from 227,000 to 228,000.
US July Michigan Consumer Confidence Index rose to 61.8, a five-month high, but still 16% lower than late last year. Inflation expectations dropped to 4.4%, lowest this year.
President Trump announced the US will provide "most advanced weapons" to Ukraine through NATO countries, threatening Russia with severe tariffs if no war-ending agreement is reached in 50 days.
Key Events & Indicators This Week
July 22
Fed Chair Powell gives welcome remarks at a regulatory meeting (20:30)
RBA publishes July monetary policy meeting minutes (09:30)
July 23
President Trump speaks at "Winning the AI Race" event
July 24
ECB rate decision (20:15)
US initial jobless claims for the week of July 19 (20:30)
Eurozone July manufacturing PMI preliminary values for UK, France, Germany
