Weekly Outlook Highlights | OKB New Smart Contract Upgrade

Key News:

• Thailand will launch a cryptocurrency exchange program for foreign tourists on August 18
• Binance Alpha will list Reservoir (DAM) on August 18
• Binance Wallet will list the 34th TGE project Rice AI (RICE) on August 18
• OKB will upgrade its smart contract on August 18
• Brazil plans to hold a hearing on Bitcoin strategic reserves on August 20
• Wyoming stablecoin WYST is planned to be launched on August 20
• Decentralized data platform Sapien will conduct a TGE on August 20
• HKEX will list two new spot virtual asset ETFs on August 21

August 18 (Monday)

Thailand will launch a cryptocurrency exchange program for foreign tourists on August 18

According to Crowd fundinsider, Thailand will launch the "TouristDigiPay" program on Monday, allowing foreign tourists to exchange cryptocurrencies for Thai Baht for electronic payments within the regulatory sandbox framework, with a monthly spending limit of up to 500,000 THB (about $14,000) per account, aiming to boost tourism recovery.

Under the program, foreign tourists must open accounts at digital asset enterprises and electronic money providers regulated by the U.S. Securities and Exchange Commission and the Bank of Thailand.The program operates within the regulatory sandbox to ensure supervision and prevent direct use of digital assets as payment methods.The service is only available to foreign tourists temporarily residing in Thailand. Participants must complete KYC reviews according to the standards of the Thai Anti-Money Laundering Office.The service allows tourists to convert digital assets into Thai Baht and make electronic payments through QR code scanning.

Previous report, the Thai SEC and central bank plan to introduce a "crypto sandbox," supporting foreign tourists to convert crypto assets into Thai Baht for consumption.

Binance Alpha will list Reservoir (DAM) on August 18

According to an official announcement, Binance Alpha will be the first platform to list Reservoir (DAM).

Alpha trading opens: 19:00 (UTC+8) on August 18, 2025.

Contract trading opens: 20:30 (UTC+8) on August 18, 2025.

Eligible users can claim airdrops using Binance Alpha points on the Alpha event page after Alpha trading opens. Specific details will be announced separately.

Binance Wallet will list the 34th TGE project Rice AI (RICE) on August 18

According to official news, Binance Wallet will list the 34th TGE project Rice AI (RICE) on August 18.

The event will take place on Binance Wallet via PancakeSwap from 16:00 to 18:00 on August 18, 2025. Eligible users need to participate using Binance Alpha points.

The official will also provide an additional 40 million RICE for subsequent events. More details and event entry points will be announced later.

Coinbase Derivatives will launch nano XRP and SOL perpetual futures for U.S. traders on August 18

According to cryptobriefing, Coinbase Derivatives will launch nano XRP and SOL perpetual futures for U.S. traders on August 18.These two futures contracts will be cash-settled, track spot prices, and have position limits and trading hours.

OKB will upgrade its smart contract on August 18

According to the official announcement from OKX, the specific schedule for the completion of the PP upgrade on X Layer and the launch of the OKB Gas Token economic model optimization (Beijing Time) is as follows:

2:10 PM on August 13: OKT will stop trading on the OKX trading platform, while OKTChain will continue to produce blocks and process on-chain transactions

3:00 PM on August 13: The OKX trading platform will stop withdrawing OKB to ETH L1

10:00 AM on August 15: The platform will automatically exchange OKT in user accounts into OKB according to the rules

2:00 PM on August 15: A one-time destruction of OKB, and the smart contract will be called for on-chain destruction

2:00 PM on August 18: Upgrade OKB Smart Contract, remove the functions of minting and burning

August 19 (Tuesday)

Coinbase will perform maintenance on August 19

According to official news, Coinbase will perform maintenance at 8:00 AM Beijing Time on August 19.

During the maintenance period, sending and receiving BTC, LTC, BCH, ZEC, DASH will experience delays. Sending and receiving all ERC20 tokens, as well as the Ethereum (ETH) and Ethereum Classic (ETC) networks will also experience delays, but transactions will not be affected.

Deribit will launch linear options for Bitcoin and Ethereum settled in USDC on August 19

According to The Block, Deribit announced that it will launch linear options and periodic futures contracts for Bitcoin and Ethereum settled in USDC on August 19. This product will use a minimum order size of 0.01 BTC and 0.1 ETH to improve trading flexibility.

Luuk Strijers, CEO of Deribit, stated that USDC settlement provides higher capital efficiency and fiat equivalent structure for institutional and individual investors. The exchange had a trading volume of $185 billion last month, setting a new record. Coinbase recently acquired Deribit for $2.9 billion.

New York Court will hold a hearing on Hayden Davis, advisor to the LIBRA project, on August 19

According to Argentine media Clarín, Hayden Davis, an advisor to the LIBRA project, recently submitted documents to the U.S. court, admitting for the first time that LIBRA is a Meme token and denying that it is an investment project with a commercial plan. This contradicts President Javier Milei's previous statement that it "helped Argentina's economy."

Davis's defense attorney admitted that Meme tokens "are not investments, have no intrinsic value, are unsecured and uncollateralized affinity and collectibles, and have extreme market volatility." Meanwhile, another fund transaction was exposed. Davis transferred nearly $500,000 USDC to the centralized exchange Kraken during a meeting with Milei at the presidential palace on January 30. Records also show that the purpose of the meeting held at the presidential palace on January 30 was "analyzing blockchain and decentralized technology."

This case involves approximately $280 million in frozen assets. The New York court will hold a hearing on August 19 to determine whether Hayden Davis and his partner are suspected of manipulating LIBRA and profiting from it. Previously, Hayden Davis transferred nearly 500,000 USDC to Kraken during a meeting with Javier Milei at the presidential palace on January 30, which is suspected to be related to the project's fund flow.

August 20 (Wednesday)

Brazil plans to hold a hearing on Bitcoin strategic reserves on August 20

According to CoinDesk, Brazil will hold a public hearing on August 20 to discuss the establishment of a Bitcoin strategic reserve.

ProShares and Bitwise submit ETF applications tracking Circle stock, expected to take effect on August 20

Eric Balchunas, senior ETF analyst at Bloomberg, tweeted on X platform that ProShares and Bitwise have already submitted ETF applications tracking Circle stock, namely: ProShares Ultra CRCL ETF and Bitwise CRCL Option Income Strategy ETF,

The current trading codes are pending, and the expected effective date is August 20.

Wyoming stablecoin WYST is planned to be launched on August 20

According to Cointelegraph, the Wyoming stablecoin committee announced that it plans to officially launch its official stablecoin WYST at the Wyoming Blockchain Conference in Jackson on August 20, 2025.

Decentralized data platform Sapien will conduct a TGE on August 20

According to CoinDesk, the decentralized data platform Sapien announced that it will conduct a TGE on Base on August 20.

This fair launch model will initially unlock 25% of the total supply of 1 billion tokens to support AI decentralized data creation business.

August 21 (Thursday)

The United States will release the number of initial unemployment claims for the week ending August 16 on August 21

At 20:30 Beijing Time on August 21, the United States will release the number of initial unemployment claims for the week ending August 16.

Upbit, Bithumb will remove STRIKE on August 21

According to an official announcement, the Korean cryptocurrency trading platforms Upbit and Bithumb will delist STRIKE at 15:00 local time on August 21.

HKEX will list two new spot virtual asset ETFs on August 21

According to East News, according to HKEX documents, the MicroBit Bitcoin spot ETF and MicroBit Ethereum spot ETF under MicroBit will be listed on HKEX next Thursday (August 21), with an annual management fee of 0.5% of the net asset value, which is relatively low among existing virtual currency spot ETFs.

China Banking International Trust serves as custodian and administrative agent, the virtual asset trading platform is HashKey Exchange, the virtual asset custody is handled by Hash Blockchain Limited, and participating securities companies include China Merchants Securities (Hong Kong), ADE Securities Futures, Mirae Asset Securities (Hong Kong), Huaying Oriental (Asia), Huasheng Capital Securities, and Victory Securities.

August 22 (Friday)

Publicly listed company BTC Digital will delay its special meeting to August 22

According to PRNewswire, Nasdaq-listed company BTC Digital Ltd. announced that it will delay its special meeting to August 22, 2025. The company previously announced that it will fully embrace Ethereum (ETH) as its core asset and operational basis, and plans to convert all BTC reserves into ETH, and the relevant plan will be discussed and voted on at the shareholders' meeting.

August 24 (Sunday)

Brazil Central Bank seeks public comments on virtual asset accounting standards, deadline August 24

According to the website of the Brazilian Central Bank, the Brazilian Central Bank recently released a draft regulatory resolution regarding the accounting recognition, measurement, cancellation, and disclosure standards for virtual assets and utility tokens of financial institutions and initiated public consultation. This move aims to enhance the transparency, comparability, and quality of related accounting information. The public can submit opinions and suggestions through the central bank's website or the government's "Participa + Brasil" platform before August 24, 2025.

Chain game TOKYO BEAST announces the official termination of all services on August 24

The chain game project TOKYO BEAST announces that it will officially terminate all services on August 24 at 08:00 (UTC).

Producer Naoki Motohashi stated that due to the difficulty in balancing operating costs, the team decided to stop operations. To avoid price impact on the ecosystem token TGT, the official will compensate players with USDC. The team also confirmed that TGT and the underlying TOKYO GAMES Foundation will continue to operate, and revealed that a new title is being prepared.

Previously, TGT was listed on Binance Alpha on May 21. TOKYO BEAST is the first game of the ecosystem, developed by a leading Japanese mobile game company.