Crypto Morning Brief: US and EU reach trade agreement, major token unlocks for SUI, JUP, ENA, OP, etc. this week
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Crypto Morning Brief: US and EU reach trade agreement, major token unlocks for SUI, JUP, ENA, OP, etc. this week
Nasdaq-listed Bit Digital plans to increase its authorized capital to one billion shares of common stock to raise funds for further增持 of ETH.
Navigating Web3 tides with focused insightsAuthor: TechFlow
Yesterday's Market Dynamics
The U.S. has reached a trade agreement with the EU, imposing 15% tariffs on EU goods exported to the U.S.
According to Jinshi Data, on July 27 local time, U.S. President Trump stated that the United States has reached a trade agreement with the European Union, imposing a 15% tariff on EU exports to the U.S. Trump said the EU will increase investment in the U.S. by $600 billion compared to previously planned levels, purchase U.S. military equipment, and buy $750 billion worth of American energy products. Trump added that tariffs on steel and aluminum would remain unchanged, energy is a key component of this agreement, the deal will benefit the automotive industry and have significant impacts on agriculture, and the U.S. will dedicate substantial efforts to the semiconductor sector. The UK Prime Minister expressed satisfaction with this agreement. U.S. Commerce Secretary Lutnick stated that the U.S. will finalize its semiconductor-related tariff policy within two weeks.
Market news: China and the U.S. agree to extend the tariff suspension period by another 90 days during talks in Sweden
According to market news, China and the U.S. agreed during talks in Sweden to extend the tariff suspension period by another 90 days.
Ethereum Foundation announces 10th anniversary livestream event on July 30, launching limited-time free NFTs
According to the official X account of the Ethereum Foundation, the Ethereum 10th Anniversary Livestream will take place on July 30 at 14:30 UTC. To commemorate this milestone, the ecosystem will open a 24-hour window immediately after the event for free minting of commemorative Ethereum Torch NFTs, available exclusively for free minting during this 24-hour period post-event.
Decentralized data platform Sapien reveals tokenomics with total supply of 1 billion tokens
According to an official announcement, decentralized data platform Sapien has revealed its tokenomics. The token name is $SAPIEN, with a total supply of 1 billion.
Main allocation ratios:
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47% allocated to protocol development participants (contributors, builders, early supporters)
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53% allocated to contributor incentives (task rewards, liquidity incentives, community treasury)
Distribution breakdown:
Seasonal airdrop: 13%; 130,000,000 tokens; 100% unlocked at TGE;
Liquidity incentives: 7%; 70,000,000 tokens; 100% unlocked at TGE;
Staking incentives: 5%; 50,000,000 tokens; 100% unlocked at TGE;
Supporters/investors: 26.82%; 268,161,963 tokens; 12-month lock-up, linear release over 24 months;
Team and advisors: 20.18%; 201,838,037 tokens; 12-month lock-up, linear release over 24 months;
Contributor rewards: 15%; 150,000,000 tokens; linear release over 36 months;
Community treasury: 13%; 130,000,000 tokens; linear release over 36 months;
Crypto analyst accuses Starknet team of dumping 400 million STRK tokens, representing 4% of total supply
Crypto analyst Andrew 10 GWEI (@Andrey_10gwei) posted an analysis claiming that StarkWare, the development company behind Starknet, along with its team, has dumped at least 400 million STRK tokens into the market—equivalent to 4% of the total supply. Andrew stated he identified 14 addresses believed to belong to the StarkNet team because these addresses held large amounts of tokens after TGE and transferred them to CEXs.
The analyst said this is a conservative estimate and the actual amount dumped could be higher, adding that he is gathering further evidence. Andrew 10 GWEI criticized the Starknet team as a "scam team" and "maximal extractors," accusing Starknet CEO Eli Ben-Sasson of posting bullish messages about Starknet while simultaneously sending tokens to order books.
Data: ETH queued for exit on Ethereum PoS network rises to 699,800, withdrawal delays exceed 12 days
According to validatorqueue data, the exit queue on the Ethereum PoS network has grown rapidly since July 16, peaking at 743,800 ETH on July 26, currently at 699,800 ETH, with withdrawal delays now exceeding 12 days. On July 16, the queue stood at only 1,920 ETH, and on July 15 there was no queue at all.
LD Capital founder: Market fully enters long-term bull run, traditional 4-year cycle may no longer apply
LD Capital founder Yi Lihua posted on social media: “The market has fully entered a long-term bull phase. The traditional 4-year cycle may no longer exist. Stablecoins and blockchain represent the best opportunity for dollar globalization from America’s perspective. Left hand investing in crypto stocks, right hand earning yield on stablecoins—the market will continuously attract new users and capital. The hottest trend recently is the crypto stock model, which is truly an innovative invention. Crypto markets are still tiny compared to U.S. equities. As BTC and ETH succeed, mainstream coins like SUI, BNB, SOL, TON, LTC will use this opportunity to rise further, followed by smaller-cap coins. Those with professional research and information capabilities should seize these opportunities. One last reminder: avoid shorting and stay away from shorting circles.”
Michael Saylor posts Bitcoin Tracker update again, BTC accumulation data likely to be disclosed next week
Strategy Executive Chairman Michael Saylor posted updated Bitcoin holdings tracking information on X, writing: “It all began with a quarter billion in bitcoin.” He typically discloses Strategy’s latest Bitcoin accumulation data the day after such posts.
Analyst: SharpLink Gaming purchased 77,206 ETH over the weekend and fully staked them, worth approximately $296 million
According to on-chain analyst EmberCN (@EmberCN), U.S.-listed company SharpLink Gaming purchased 77,206 ETH over the weekend, worth approximately $296 million, and deposited all tokens into staking.
Nasdaq-listed Bit Digital plans to expand authorized capital to 1 billion shares of common stock to fund continued ETH accumulation
Nasdaq-listed Bit Digital has issued a shareholder letter announcing plans to hold a shareholders’ meeting on September 10, 2025, to approve increasing its authorized capital from 340,000,000 shares of common stock and 10,000,000 shares of preferred stock, each with a par value of $0.01 (totaling approximately $3.5 million), to 1,000,000,000 shares of common stock and 10,000,000 shares of preferred stock, each with a par value of $0.01 (totaling approximately $10.1 million). Funds raised through the expanded capital will be used to continue accumulating ETH.
This week SUI, JUP, ENA, OP and other tokens face large token unlocks, totaling over $300 million
Token Unlocks data shows multiple tokens will undergo large-scale unlocks this week, totaling over $300 million, including:
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SUI to unlock 44 million tokens on August 1, worth ~$190.5 million, 1.27% of circulating supply;
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JUP to unlock 53.47 million tokens on July 28, worth ~$31.56 million, 1.78% of circulating supply;
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ENA to unlock 40.63 million tokens on August 2, worth ~$27.26 million, 0.64% of circulating supply;
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OP to unlock 31.34 million tokens on July 31, worth ~$23.25 million, 1.79% of circulating supply;
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KMNO to unlock 229.17 million tokens on July 30, worth ~$13.69 million, 9.50% of circulating supply;
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GPS to unlock 542.33 million tokens on August 1, worth ~$11.76 million, 20.42% of circulating supply;
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SIGN to unlock 150 million tokens on July 28, worth ~$11.79 million, 12.50% of circulating supply;
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ZETA to unlock 44.26 million tokens on August 1, worth ~$10.14 million, 4.78% of circulating supply;
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REZ to unlock 423.7 million tokens on July 30, worth ~$6.47 million, 16.10% of circulating supply;
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HONEY to unlock 121.65 million tokens on August 3, worth ~$2.78 million, 2.67% of circulating supply;
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GUN to unlock 83.33 million tokens on July 30, worth ~$2.72 million, 8.73% of circulating supply;
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DYDX to unlock 4.17 million tokens on August 1, worth ~$2.71 million, 0.55% of circulating supply;
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AI to unlock 18.21 million tokens on August 1, worth ~$2.55 million, 14.01% of circulating supply;
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STIK to unlock 1.57 million tokens on August 1, worth ~$2.03 million;
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IOTA to unlock 8.63 million tokens on August 4, worth ~$1.91 million, 0.22% of circulating supply;
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EIGEN to unlock 1.29 million tokens on July 29, worth ~$1.82 million, 0.41% of circulating supply;
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UDS to unlock 1.19 million tokens on July 30, worth ~$1.26 million, 1.17% of circulating supply;
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CETUS to unlock 8.33 million tokens on August 3, worth ~$1.16 million, 1.02% of circulating supply;
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SOPH to unlock 25.13 million tokens on July 28, worth ~$1.01 million, 1.26% of circulating supply.
Market Movements
Suggested Reading
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Wired Magazine: The Trump Era and the 'Banking Thaw' Moment for Crypto Companies
This article describes how, during the Trump era, U.S. crypto companies experienced a turning point in accessing banking services. For years, crypto firms were largely excluded from the U.S. banking system, but after the Trump administration took office, fintech companies began actively offering bank accounts to crypto businesses. However, this policy shift still faces challenges due to insufficient legal protections and potential political risks.
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