Must-watch next week: Walsh to testify before Congress for the first time; June CPI data release (July 13-19)
- Key Takeaways: Next week (July 13-19), global financial markets face a dense schedule of events: the release of U.S. June CPI and PPI data will influence monetary policy expectations; Fed Chairman Walsh's first congressional testimony; the crypto sector is focused on the hearing concerning the ownership of 390,000 dormant Bitcoin wallets and related events. Additionally, SK Hynix's U.S. stock listing is driving a wave of leveraged ETFs, while the Doubao and Qianwen agent services are going offline.
- Key Factors:
- U.S. June CPI (July 14) and PPI (July 15) data will be released. The market expects CPI to cool slightly to 3.9%, with core CPI remaining at 2.9%, directly impacting Fed policy signals.
- Fed Chairman Walsh will testify on the semi-annual monetary policy report before the House of Representatives and the Senate on July 14 and 15, respectively. The market is watching his stance on inflation and interest rates.
- The New York Supreme Court has paused the lawsuit over the ownership of 390,000 dormant Bitcoin wallets, with a hearing scheduled for July 14. The case concerns the applicability of escheatment laws to cryptocurrencies.
- Forsage co-founder Olena Oblamska has been extradited to the U.S. in connection with a $340 million crypto Ponzi scheme. The jury trial is expected to begin on July 14, with a maximum penalty of 20 years in prison.
- SK Hynix’s U.S. listing raised approximately $28.16 billion, prompting issuers like ProShares to launch at least six leveraged and inverse ETF products, set to list next week.
- The agent services from Chinese tech companies Doubao and Qianwen will both officially go offline on July 15. Users will be unable to access agent configurations or historical conversations.
- The U.S. House Financial Services Committee will hold a hearing on the CLARITY Act on July 17, focusing on digital asset regulation and unlocking innovation.
Key Highlights for Next Week
July 14
The U.S. will release June CPI data on July 14;
Fed Chair Warsh will testify before Congress for the first time on July 14;
July 15
The U.S. will release June PPI data on July 15;
Fed Chair Warsh to appear again at Senate hearing;
Doubao and Qianwen AI agents will be discontinued on July 15;
July 16
CXMT will begin new share subscription on July 16;
July 17
U.S. House Financial Services Committee to hold hearing on the CLARITY Act on July 17;
Other (Specific Date TBD)
SK Hynix U.S. listing spurs leveraged ETF craze; six products to launch next week;
A detailed preview of other noteworthy events in the industry from July 13 to July 19 is as follows.
July 13
Odaily News Siiibo Securities, the operator of a corporate bond issuance and purchase platform in Japan, announced plans to change its name to "Kabushiki Kaisha Metaplanet Securities Inc." effective July 13, 2026, officially joining the Metaplanet Group.
Siiibo Securities stated that the name change is subject to approval at an extraordinary general meeting of shareholders. Previously operating with the mission of "creating free, transparent, and fair direct finance," the company ran an online private placement bond issuance and purchase platform for emerging companies and individual investors, holding a Type I Financial Instruments Business license in Japan.
July 14
The U.S. will release June CPI data on July 14
Odaily News At 20:30 Beijing time on July 14, the U.S. will release June CPI, core CPI, and other data.
The June CPI data, released before Fed Chair Warsh's House testimony, is expected to provide a fresh catalyst for gold prices. The market anticipates a slight cooling of inflation in June, with headline CPI falling to 3.9% and core CPI remaining unchanged at 2.9%.
Fed Chair Warsh will testify before Congress for the first time on July 14
Odaily News Federal Reserve Chair Kevin Warsh is scheduled to testify before the House Financial Services Committee at 10:00 AM ET on July 14 (10:00 PM Beijing time on July 14) regarding the "Federal Reserve's Semiannual Monetary Policy Report."
Odaily News New York Supreme Court Judge Kathy J. King signed an order pausing a lawsuit seeking to claim ownership of 39,069 dormant Bitcoin wallets and scheduled a hearing for July 14 regarding a key amicus curiae brief.
The plaintiff, pseudonymously named "Noah Doe" along with two shell companies, sought to claim these wallets under New York's abandoned property law. Attorney Ian R. Cohen filed an amicus brief opposing the plaintiff's claims. He argued that the abandoned property law applies to tangible items, whereas blockchain addresses are always visible to the world; if the original owners lost access due to security vulnerabilities, it constitutes passive loss of access rather than voluntary abandonment. (The Block)
Forsage co-founder Olena Oblamska extradited to the U.S.; jury trial expected to start July 14
Odaily News Olena Oblamska appeared in U.S. federal court pleading not guilty to conspiracy to commit wire fraud. The U.S. Department of Justice stated that Oblamska is accused of operating the crypto investment platform Forsage and was extradited from Thailand to the U.S. last week. Prosecutors allege that Forsage, operating as an investment project based on smart contracts on the Ethereum blockchain, was actually a Ponzi and pyramid scheme involving approximately $340 million. Oblamska is currently detained pending trial, with the jury trial expected to begin on July 14, 2026. If convicted, she faces a maximum of 20 years in federal prison. (The Block)
Binance to suspend deposit and withdrawal services for PYR and VANRY effective July 14, 2026
Odaily News According to an official announcement, Binance will suspend support for deposits and withdrawals of VulcanForgedPYR (PYR) and Vanar (VANRY) via the Polygon network at 08:00 UTC on July 14, 2026 (16:00 Beijing time on July 14, 2026). Deposits of these tokens sent via the Polygon network after 16:00 (UTC+8) on July 14, 2026, will not be credited to accounts and may result in asset loss. Users can still deposit or withdraw these tokens via other networks supported by Binance.
July 15
The U.S. will release June PPI data on July 15
Odaily News At 20:30 Beijing time on July 15, the U.S. will release June PPI, core PPI, and other data.
Fed Chair Warsh to attend Senate hearing
Odaily News At 22:00 Beijing time on July 15, Fed Chair Warsh will testify before the Senate Committee on Banking, Housing, and Urban Affairs regarding the "Federal Reserve's Semiannual Monetary Policy Report."
Sources: SK Hynix U.S. listing-related forex transactions expected around July 15
Odaily News A source familiar with the matter said that US dollar/Korean won foreign exchange transactions related to South Korean chipmaker SK Hynix's U.S. listing are expected to occur around July 15. SK Hynix launched its U.S. stock offering on Monday, planning to raise 43 trillion won (approximately $28.16 billion), and has already secured subscription intentions worth up to $7 billion from major investors. (Jin Shi)
Doubao and Qianwen AI agents to be discontinued on July 15
Odaily News Doubao released a "Notice of Discontinuation of the Doubao AI Agent Feature" stating that the AI agent feature will be shut down on July 15, 2026. After that date, users will not be able to create new AI agents, and existing saved agents will also be inaccessible and non-functional. Following July 15, Doubao will process data related to the AI agents, and they will no longer be viewable or recoverable within Doubao.
Qianwen also issued a reminder about its AI agent service shutdown, stating that the Qianwen AI agent features and services will be officially discontinued on July 15, 2026. After the shutdown, users will not be able to access relevant AI agent configurations or historical conversation records.
July 16
CXMT will begin new share subscription on July 16
Odaily News On July 9, CXMT (ChangXin Memory Technologies) disclosed its IPO prospectus for the STAR Market and the "Placement Arrangements and Preliminary Inquiry Announcement," officially launching its IPO process. According to the announcement, both the offline and online subscription dates for new shares are set for July 16, 2026.
July 17
U.S. House Financial Services Committee to hold hearing on the CLARITY Act on July 17
Odaily News The Digital Assets, Financial Technology, and AI Subcommittee of the U.S. House Financial Services Committee has scheduled a field hearing on "How the CLARITY Act Can Unlock Innovation." The hearing will take place on Friday, July 17, at 10:00 AM ET in New York City. While details are currently scarce, such as the list of individuals or companies testifying in favor of the CLARITY Act, it is expected that a range of insiders will support the need for regulating digital assets to ensure consumer protection and foster digital asset innovation.
Gemini 3.5 Pro may launch on July 17
Odaily News Tech blogger Leo revealed, citing insider sources, that Google DeepMind is tentatively scheduled to release Gemini 3.5 Pro on July 17. Another tech blogger, Astro Polo, stated that Gemini 3.5 Pro will support a 2-million-token context window, doubling the 1-million-token context currently supported by Claude Sonnet 5, Claude Opus 4.8, and Claude Fable 5, making it more suitable for handling large codebases, long documents, and extended conversations.
Note: The above information is based on market rumors and has not been officially confirmed by OpenAI or Google DeepMind.
On-chain derivatives protocol Satori to cease operations; withdrawals to close by July 17
Odaily News On-chain derivatives protocol Satori will gradually cease operations, and the window for withdrawals and closing positions will close before July 17.
July 18
None
July 19
None
Other (Specific Date TBD)
U.S. and Iran may hold a new round of talks next week
Odaily News Sources indicate that the U.S. and Iran are expected to hold a new round of negotiations next week, possibly in Switzerland.
However, another source close to the Iranian negotiation team stated that claims regarding a new round of talks between Iran and the U.S. next week are not true, denying rumors that preparations for negotiations in Islamabad have been completed. (Jin Shi)
SK Hynix U.S. listing spurs leveraged ETF craze; six products to launch next week
Odaily News SK Hynix's record-breaking U.S. listing has triggered a wave of leveraged products linked to the stock hitting Wall Street. Issuers like ProShares, Leverage Shares, and Rex Shares are preparing to launch 2x long products on SK Hynix ADRs, with some also preparing inverse products. According to information on the issuers' websites, at least six products will launch next week. SK Hynix leveraged ETFs are extremely popular in the Korean market.
