Weekly Preview | EU MiCA Transition Period Ends; Multiple Platforms Halt Operations, Users Must Migrate Assets in Time

In the coming week from June 29, 2026 to July 5, 2026, here are the blockchain news worth your attention.

Key Events Preview:

  • Hyperliquid frontend Dreamcash will close the CASH market over three days starting June 30;
  • Fed Chair Powell, ECB President Lagarde, BOE Governor Bailey, BOC Governor Macklem speak at the ECB Forum;
  • The EU MiCA transitional period ends on July 1; unlicensed crypto platforms must exit the EU market;
  • Sui (SUI) will unlock approximately 13.72 million tokens at 8:00 AM Beijing time on July 1, representing approximately 0.34% of circulating supply, worth approximately $9.4 million;
  • Securitize plans to list on the NYSE under the ticker SECZ on July 2, expected to raise approximately $400 million;
  • Robinhood teases a "new crypto era", possibly unveiling new cross-border asset and tokenized finance products on July 2.

June 29

Exchange:

Binance to launch MVLL, TQQQ and SQQQ US equity leveraged ETF perpetual contracts on June 29

Binance Futures will list MVLLUSDT, TQQQUSDT and SQQQUSDT, three USD-margined TradFi perpetual contracts on June 29. The underlying assets are GraniteShares 2x Long MRVL Daily ETF (MVLL), ProShares UltraPro QQQ (TQQQ) and ProShares UltraPro Short QQQ (SQQQ). All three contracts are settled in USDT, offer up to 20x leverage, support 24/7 trading, have an 8-hour funding rate settlement cycle with a cap of ±2%, and support the multi-asset mode. The three ETFs respectively provide: 2x long US semiconductor company Marvell (MRVL), 3x long Nasdaq-100, and 3x short Nasdaq-100.

Upbit to delist OXT token on June 29

Upbit will end trading support for Orchid (OXT) at 14:00 on June 29, affecting the OXT/BTC and OXT/USDT pairs. Users must complete withdrawals before July 29; otherwise, related assets cannot be processed.

Project Updates:

SharpLink,Forward Industrieswill be included in the Russell 2000 and 3000 indices, effective June 29

Nasdaq-listed Ethereum treasury company SharpLink (SBET) announced it will be added to the Russell 2000 and Russell 3000 indices as a constituent, effective at the US market open on June 29, 2026, coinciding with the Russell indices' semi-annual reconstitution. The Russell 3000 Index covers the 3,000 largest US publicly traded companies by market cap, and the Russell 2000 Index consists of the 2,000 smallest companies from the Russell 3000, serving as the core benchmark for US small-cap stocks.

In addition, Solana treasury company Forward Industries will also be added to the Russell 2000 and Russell 3000 indices on June 29

Token Unlock:

Falcon Finance (FF) will unlock approximately 102 million tokens at around 9 PM Beijing time on June 29, representing approximately 3.66% of the circulating supply, worth approximately $6.9 million;

June 30

Project Updates:

FBI reminds OneCoin scam victims to apply for compensation before June 30

The US Federal Bureau of Investigation (FBI) reminds victims of the OneCoin international cryptocurrency investment scam that they can apply for compensation by the June 30 deadline through a special Department of Justice (DOJ) program. The process allows individuals who purchased OneCoin between 2014 and 2019 and suffered direct financial losses from the OneCoin scheme to submit claims. Victims can apply by mail, email, or online form. However, submission does not guarantee financial compensation. The DOJ stated that OneCoin investors globally lost over $4 billion in total.

Strategy passes proposal to change STRC dividend distribution to semi-monthly, first record date June 30

Michael Saylor tweeted that STRC and MSTR shareholders have approved changing the frequency of STRC preferred stock dividend payments from monthly to semi-monthly. Under the new arrangement, the first record date is June 30 and the first payment date is July 15.

Hyperliquid frontend Dreamcash will close CASH market in three days starting June 30

Tether-backed Hyperliquid mobile interface, the non-custodial trading platform Dreamcash, announced it will gradually close its CASH perpetual contract market based on Hyperliquid HIP-3, citing USDC's native integration on the platform and a user experience disadvantage for USDT markets. According to the announcement, all CASH markets will be settled sequentially from June 30 to July 2 on a preset schedule, with positions automatically closed at external oracle prices at settlement; funding rates will be set to 0 during this period. Dreamcash emphasized its non-custodial architecture, that user account balances and rewards are unaffected, and that only related USDT-denominated underlying perpetual markets (such as TSLA, NVDA, GOLD) will cease trading. The team will subsequently focus on developing and promoting its crypto trading mobile app.

Squid launches native token QUID, public sale scheduled to start on June 30

Cross-chain routing protocol Squid launched its native token QUID. QUID features a fixed supply, no inflation, and is designed to support the ecosystem through staking, governance, buyback mechanisms and in-app features. The public sale begins at 21:00 Beijing time on June 30 and ends at 21:00 on July 3; users can participate via Kraken and Legion. Squid users and community members can apply for a higher allocation through a priority allocation form.

Web3 product 0xPPL to fully shut down on June 30

0xPPL, a Web3 product positioned as an "onchain super app", announced it will stop trading functions on June 6 and completely shut down on June 30. The project stated it will "wind down in an orderly manner," and PPL Wallet users must use the in-app "wallet export" tool to export their mnemonic phrase or withdraw all funds to another wallet before shutdown to keep assets secure and accessible. The team said the reason for shutdown is that the bet on a specific market did not materialize within the expected time frame, and they chose to cease operations at this point to properly handle the interests of users, the team, and investors.

Base ecosystem project Seamless Protocol is gradually shutting down, UI to go offline on June 30

Base ecosystem DeFi lending protocol Seamless Protocol, after two and a half years of operation, announced it will gradually shut down. The UI interface will be taken offline on June 30, 2026, at which point the team will no longer provide support. Users need to withdraw all assets through the UI before this date, and leveraged tokens must be redeemed before the UI is disabled. Seamless’ vaults on Morpho will be closed in an orderly manner. Gauntlet, as the curator, will withdraw all lent assets from the Morpho market, and users can withdraw funds directly through the Morpho app. Staked SEAM will be gradually closed as the source of yield terminates. Core contributors will prepare a governance proposal to distribute the remaining assets of the DAO treasury to SEAM token holders.

Token Unlocks:

Collector Crypt (CARDS) will unlock approximately 28.84 million tokens at 3:00 AM Beijing time on June 30, accounting for roughly 6.11% of the circulating supply and worth approximately $6.7 million;

July 1

Macro Economy:

On Wednesday, July 1 at 21:30 Beijing time, Fed Chair Warsh, ECB President Lagarde, BoE Governor Bailey, and BoC Governor Macklem will speak at the ECB Forum; between 20:15 and 22:00, U.S. June ADP employment figures, U.S. June S&P Global Manufacturing PMI final, and U.S. June ISM Manufacturing PMI will be released.

Policy & Regulation:

EU MiCA Transition Period Ends July 1 – Unlicensed Crypto Platforms Must Exit EU Market

The transitional period of the EU’s Markets in Crypto-Assets (MiCA) regulation will end on July 1, at which point crypto-asset service providers (CASPs) without MiCA authorization must cease offering services to EU customers and implement business wind-down and user migration plans. ESMA stated that merely submitting a license application does not constitute a basis for compliant operations; member state regulators may require platforms to immediately cease operations, force users offline, and impose fines. The French regulator AMF said that continuing to operate without authorization could be a criminal offense punishable by up to 2 years imprisonment and a €30,000 fine; Germany’s BaFin will also complete the authorization switch for previously exempted entities by June 30. OKX estimates that roughly 60% of European crypto users remain active on platforms without MiCA authorization.

Tennessee Crypto Kiosk Ban Takes Effect July 1

Tennessee Governor Bill Lee has signed HB2505 into law, prohibiting the use and installation of cryptocurrency kiosks in the state starting July 1. Operators and installation businesses face up to 11 months and 29 days in jail and a $2,500 fine. The bill’s sponsor stated that crypto kiosks have become a channel for scammers to exploit Tennessee residents, especially the elderly. According to CoinATMRadar, there are currently over 570 crypto kiosks in the state, with operators including Bitcoin Depot and CoinFlip.

Russia’s Energy Ministry Proposes Total Crypto Mining Ban in Moscow and Other Areas Starting July 1

According to TASS, Russia’s Energy Ministry has drafted a government resolution proposing to ban digital currency mining in Moscow, Moscow Oblast, and parts of Kursk Oblast from July 1, 2026, to December 31, 2032. The document indicates the ban covers multiple municipal districts and towns in Kursk Oblast. Previously, the Russian government decided to impose long-term mining bans in many areas of the North Caucasus, the Donetsk and Luhansk regions, Zaporizhzhia and Kherson Oblasts starting from 2025, and upgraded seasonal power restrictions in the Republic of Buryatia and Zabaykalsky Krai to long-term restrictions.

Project Updates:

Sonic Labs: Fantom Opera Network to Shut Down on July 1 – Users Must Migrate Assets in Time

Sonic Labs posted on X that as users, developers, liquidity, and validators fully migrate to the Sonic network, the Fantom Opera network will officially cease operations at 17:00 GMT on June 30, 2026 (01:00 Beijing Time on July 1). Users who have not completed asset migration must act before this deadline. The ERC-20 FTM to S token swap channel and the Sonic cross-chain bridge will not be affected by this shutdown.

Polygon zkEVM Mainnet Beta to Be Decommissioned on July 1

Polygon Labs announced that the Polygon zkEVM Mainnet Beta sequencer will be decommissioned on July 1, 2026, with the timeline first revealed in June 2025. The team reminds that on-chain wallet assets must be bridged to the Ethereum mainnet via ui.agglayer.dev before that date; non-bridged balances will be automatically migrated to Ethereum L1 and can later be claimed through a dedicated interface. Polygon stresses that it does not control any DeFi protocols on zkEVM, and assets locked in DeFi contracts cannot be automatically migrated. Protocol teams and users must proactively withdraw and migrate liquidity before July 1. Automatically migrated assets not claimed by the deadline will be deemed forfeited after December 31, 2027.

Mynth to Cease Operations on July 1, Novaswap Hosted Infrastructure to Go Offline

Mynth announced it will cease operations. The notice stated that the team began building a more secure cross-chain protocol three years ago, but protocol usage has not reached the level needed for sustainable operations and continuous expansion, making it impossible to maintain the previous pace of innovation or expand to more blockchains. Mynth will stop supporting the hosted infrastructure running Novaswap and will halt all operations at 7:00 AM Beijing time on July 1. User funds remain safe and non-custodial; no user action is required, and swaps will continue to be processed until that time. The team will provide support via Discord until the end of July.

OneBalance Announces Shutdown of OneApp – Users Must Withdraw Before July 1

Chain abstraction protocol OneBalance announced it will shut down its OneApp and legacy infrastructure. All users must withdraw funds before 7:59 on July 1; after that, operations will no longer be possible. The team advises users to complete withdrawals as soon as possible.

Token Unlocks:

Sui (SUI) will unlock approximately 13.72 million tokens at 8:00 AM Beijing time on July 1, accounting for roughly 0.34% of the circulating supply and worth approximately $9.4 million;

EigenCloud (EIGEN) will unlock approximately 36.82 million tokens at 12:00 PM Beijing time on July 1, accounting for roughly 6.15% of the circulating supply and worth approximately $8.7 million;

GoPlus Security (GPS) will unlock approximately 708 million tokens at 8:00 AM Beijing time on July 1, accounting for roughly 15.90% of the circulating supply and worth approximately $6.3 million.

July 2

Policy & Regulation:

Pakistan Regulator Seeks Public Comment on Draft VASP Regulations, Consultation Ends July 2

The Pakistan Virtual Assets Regulatory Authority (PVARA) released the draft “Pakistan Virtual Asset Services Regulations, 2026” and an accompanying business manual, seeking written comments from various VASPs including exchanges, custodians, brokers, and token issuers. Under the framework of the “Virtual Assets Act, 2026,” the draft details VASP license categories and procedures for licensing, modification, suspension, and revocation, and sets out governance and senior management qualification requirements, market conduct and customer protection, technology and cybersecurity, operational resilience, compliance and AML/CFT/CPF requirements, as well as customer asset segregation and custody rules. The consultation opened on June 11 and closes at 16:00 PKT on July 2, with comments to be submitted via email.

Exchanges:

Robinhood Teases “New Era of Crypto,” May Unveil Cross-Border Asset and Tokenized Finance Products on July 2

Robinhood announced it will hold a “The World is Flat” themed event at the Old Royal Naval College in London at 2:00 AM Beijing time on July 2, 2026 (19:00 BST on July 1 / 14:00 EDT), where co-founder and CEO Vlad Tenev will personally unveil the latest products.

Robinhood used “A new era of crypto is on the horizon” as its core tagline and highlighted “Markets Beyond Borders” and new products that will reshape the financial landscape. There is widespread market speculation that the launch could involve tokenized stocks, on-chain securities, a global asset trading network, stablecoin payments, or cross-border investment products. Notably, Robinhood has recently been strengthening its crypto and RWA (real-world assets) initiatives, with the UK becoming a key hub for its international expansion. Choosing London for this global event is also seen as a major signal of its advancing global financial services strategy.

Project Updates:

Adam Back's BSTR and Cantor SPAC merger vote postponed to July 2

The merger vote between Cantor Fitzgerald affiliate Cantor Equity Partners I Inc. and Adam Back's digital asset treasury company BSTR Holdings Inc. has been postponed from June 26 to July 2. The statement noted the delay stems from a private placement matter previously disclosed by Cantor Equity Partners. The deal had already drawn attention after falling crypto prices caused a sharp decline in the public market valuation of the digital asset treasury company, raising concerns over shareholder dilution. Cantor Equity Partners is a special purpose acquisition company that announced its merger with BSTR last July.

Securitize Plans to List on NYSE Under Ticker SECZ on July 2, Expects Around $400 Million in Proceeds

The business combination between Securitize and SPAC Cantor Equity Partners II (Nasdaq: CEPT) is expected to raise approximately $400 million (including PIPE, before related fees). Once the merger closes, the new company will be renamed Securitize Corp., with common shares expected to begin trading on the NYSE under the ticker "SECZ" starting July 2. CEPT's shareholder meeting to vote on the deal is scheduled for June 29, and the current redemption rate is below 30%. Securitize claims it has obtained regulatory licenses for digital securities infrastructure in both the US and the EU, and manages over $4 billion in on-chain real-world assets.

July 3

Policy & Regulation:

UK FCA Launches Regulatory Consultation on Tokenized Wholesale Markets, Market Participants Must Submit Feedback by July 3

The UK Financial Conduct Authority (FCA) and the Bank of England (BoE) have jointly launched a consultation on tokenized wholesale financial markets, focusing on the prudential regulation of tokenized securities and infrastructure arrangements such as collateral and settlement tools. The consultation targets banks, broker-dealers, asset managers, trading and clearing infrastructure providers, and fintech companies offering tokenization solutions, currently concentrating on tokenized securities like bonds, equities, and fund units. Market participants must submit feedback by July 3. The FCA and BoE plan to publish a feedback paper this summer and roll out a cross-agency development roadmap for digital wholesale markets within the year. The two institutions are also running the Digital Securities Sandbox in parallel, which already has 16 companies in the live testing phase.

Exchanges:

Binance NFT Service Upgrades to Binance Wallet, Affected Users Must Withdraw by July 3

Binance's NFT service is being upgraded to Binance Wallet. After the upgrade, users will be able to manage their NFTs within Binance Wallet and more easily access Web3 and decentralized features. Starting June 3, 2026, users holding transferable NFTs on Binance will have a one-month window to withdraw their NFTs to Binance Wallet or other compatible wallets in order to continue managing their NFT digital assets. Once the upgrade is complete, Binance's centralized exchange platform will discontinue support for the current NFT service on July 3, 2026. After this date, any unwithdrawn NFTs will become inaccessible.

During the withdrawal window, Binance will proactively notify and remind holders of transferable NFTs to ensure a smooth upgrade process. Non-transferable NFTs were designed as non-transferable from the outset and therefore cannot be withdrawn. After July 3, 2026, these non-transferable NFTs will no longer be accessible.

July 4

Trump to Deliver Keynote at "TRIBUTE TO AMERICA" Event on July 4

US President Trump stated on social media that he plans to hold a large "TRIBUTE TO AMERICA" rally on July 4 at 7:00 PM ET in the area around the Lincoln Memorial and Washington Monument. Trump said the event will include performances by over 300 military band and honor guard members, military flyovers, an air show, and a keynote speech by himself, and will conclude with "the largest fireworks display in history" as the grand finale. The event aims to celebrate America's founding spirit and look ahead to the upcoming 250th anniversary.

July 5

None

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Author: 一周预告

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