Halfway Preview: Token Unlock Projects | #49th Edition Early this morning in Beijing time, the crypto market experienced volatility and a pullback. Bitcoin came under pressure ahead of the Fed’s July FOMC meeting, briefly dipping to around $63,400, while ETH followed suit. Over the past 24 hours, nearly $700 million in total liquidations occurred across the market, with a large number of leveraged positions unwound. Rising uncertainty around interest rate trajectories has intensified short-term volatility among major cryptocurrencies; reducing leverage and prioritizing spot holdings have become key risk management strategies. Coinbase CEO Brian Armstrong stated that the crypto industry’s shift toward AI is not an “either/or” choice—crypto infrastructure and AI will co-evolve over the long term. He believes that future demand for transactions between AI agents will far exceed the capacity of traditional financial systems, and blockchain’s programmable money and on-chain settlement capabilities will serve as critical enablers. This perspective further amplifies market attention on Layer2 solutions, stablecoins, and crypto payments. The total crypto market cap remains above $2.2 trillion. Although Bitcoin ETFs have seen阶段性 outflows recently, monthly net inflows have been maintained overall. Meanwhile, easing tensions between the U.S. and Iran have driven international oil prices down by approximately 5%-8%, slightly cooling risk-off sentiment and providing short-term support to risk assets. Additionally, regulatory developments such as the CLARITY Act continue to draw attention, as markets await further macroeconomic signals to identify the next phase of capital rotation. Halfway Preview’s This Week’s Token Unlock Projects: #FF #KMNO #SUI #EIGEN