Key Events This Week
June 30
- CME Group launches spot-quoted futures contracts for BTC, ETH, and major US stock indices.
- Singapore mandates unlicensed crypto firms to cease operations by June 30.
- EthCC Europe convenes in Cannes (June 30–July 3).
- US June non-farm payroll report released.
- Backpack Season 2 points event begins July 3.
- Sui (SUI) unlocks 44M tokens (~$122.8M) on July 1.
Singapore Tightens Crypto Regulations
Policy Updates
Singapore’s Monetary Authority (MAS) requires crypto firms operating domestically without licenses to halt offshore services by June 30. Affected exchanges like Bitget and Bybit are restructuring teams, relocating staff to Dubai and Hong Kong.
👉 Learn how global crypto regulations are evolving
Clarification on DTSPs (Digital Token Service Providers):
- From June 30, 2025, only firms serving offshore clients with payment/capital market tokens need licensing.
- MAS emphasizes high anti-money laundering standards; "very few" firms impacted.
Exchange & Project Updates
June 30 Highlights
- CME Group: New futures contracts for BTC/ETH and S&P 500, Nasdaq 100, Russell 2000, and Dow Jones.
- Binance Wallet: NodeOps (NODE) TGE via PancakeSwap.
- Nobitex (Iran): Phased service restoration starts June 30.
- Byreal (Bybit’s DEX): Testnet launches.
Aptos Migrates to FA Standard
Automatic migration of APT tokens begins June 30, enhancing security and DeFi compatibility.
Token Unlocks (June 30 – July 1)
| Token | Unlock Date | Amount | Value |
|---|---|---|---|
| OP | June 30 | 31.34M | $17.4M |
| KMNO | June 30 | 229M | $13.8M |
| ACX | June 30 | 100M | $13.5M |
| SUI | July 1 | 44M | $122.8M |
FAQs
Q: Why is Singapore enforcing new crypto rules?
A: To curb unlicensed offshore services and align with 2022’s Financial Services and Markets Act.
Q: What changes with Aptos’ FA standard?
A: Improved security and support for complex DeFi/payment use cases.
Q: How does EthCC ensure attendee safety?
A: Cannes-style security, including police patrols and surveillance.
Q: Which tokens face major unlocks?
A: SUI ($122.8M) and OP ($17.4M) top the list.
Global Regulatory Snapshots
Argentina’s VASP Rules
- Deadline: July 1 for local registrants.
- Requirements: Asset segregation, audits, and monthly CNV reporting.
Ledn Shifts to BTC-Only Loans
Drops ETH support from July 1, focusing on Bitcoin-collateralized lending.
👉 Explore BTC lending opportunities
Upcoming Events (July 2–4)
- July 2: Korean exchanges delist WEMIX.
- July 3: Backpack Season 2 launches.
- July 4: Binance delists ALPHA, BSW, KMD, LEVER, LTO.
Grok 4 AI (Musk’s xAI) expected post-July 4.
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