Next Week in Crypto: Senate watch on CLARITY, WLD daily unlocks to drop 43%

Next Week in Crypto: Senate watch on CLARITY, WLD daily unlocks to drop 43%

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News Editor
2026-07-19 10:16:47
The week of July 20-26 features a packed slate for crypto markets, regulation, and closely watched industry events. In the U.S., the Senate is expected to take up the CLARITY Act, a bill designed to create a regulatory framework for digital assets, though passage would require support from at least seven Democratic senators. Outside Washington, Worldcoin is set to revise the WLD token model starting July 24, cutting total daily unlocks from about 5.1 million tokens to about 2.9 million, a 43% reduction. On July 23, the European Central Bank will release its latest rate decision, followed by a press conference from ECB President Christine Lagarde. The same day also marks the end of Cap’s second-season points campaign, Homestead. Earlier in the week, investors in Changxin Technology are required to complete subscription payments by July 20, Cango plans a 10-for-1 share consolidation on the same date, Binance Futures is scheduled to list the SPCXUSD1 USDⓈ-Margined perpetual contract, and Zcash developer Sean Bowe said the Ironwood upgrade is expected to activate on mainnet around July 21.
Policy RegulationCLARITY ActWorldcoinWLDECBBinanceZcashChangxin Technology

The week of July 20-26 includes several scheduled events across crypto, policy, and macro markets, with the U.S. Senate’s expected review of the CLARITY Act, a change to Worldcoin’s WLD token unlock schedule, and the European Central Bank’s next rate decision drawing particular attention.

July 20: Changxin Technology payments due, Cango share consolidation, Binance listing

Changxin Technology’s lottery results were scheduled to be released on July 20, although the results have already been published ahead of time. According to the company’s announcement, the issuer and joint lead underwriters conducted the online subscription lottery draw on the morning of July 17 (T+1), and the online winning results were to be posted on the Shanghai Stock Exchange website on July 20 (T+2).

Changxin Technology said investors should pay close attention to the payment process and complete their subscription payments on July 20. Offline investors are required to make full payment based on the final offering price of 8.66 yuan per share and their allocated amount, according to the Preliminary Offline Placement Results and Online Lottery Results Announcement dated July 20. Funds must arrive by 16:00 on July 20. Online investors who won shares are also required to complete settlement obligations in line with the same announcement and make sure their capital accounts hold sufficient subscription funds by the end of that day. Any shortfall will be treated as a waiver of the subscription. The update was cited from Yicai.

Bitcoin mining company Cango is also set to carry out a 10-for-1 share consolidation on July 20.

Separately, Binance Futures said in an official announcement that it will launch the SPCXUSD1 USDⓈ-Margined perpetual contract at 09:00 UTC on July 20, 2026. The trading pair is SPCXUSD1, the underlying asset is SpaceExplorationTechnologiesCorp. (Nasdaq: SPCX), and the settlement asset is USD1. The contract supports up to 25x leverage, with a minimum trade size of 0.01 SPCX, a minimum notional value of 5 USD1, a funding rate cap of +1.00%/-1.00%, and settlement every eight hours.

July 21: Zcash Ironwood mainnet activation expected

Zcash developer Sean Bowe wrote on X that the Ironwood upgrade has made major progress. All consensus rule changes have been implemented, the work is now in the audit stage, and the related specifications and ZIP files have been published and are close to final form. He said the mainnet activation height will be announced soon, with activation expected around July 21.

Bowe added that official testnet activation is planned for the following day and that a Zebra client support release is expected the same day. He said timely and secure activation of Ironwood on the Zcash mainnet is important for users, and that the team is also conducting formal verification work to make sure there is no supply integrity risk.

He also said existing hash power already shows the network is technically ready. The main issue, in his view, is that some wallets may not complete upgrade preparations in time, but that this is not enough to justify a delay given the available alternatives and testnet time.

July 22: No listed events

No key events were listed for July 22.

July 23: ECB rate decision and Cap season-two deadline

The European Central Bank will publish its latest interest rate decision at 20:15 Beijing time on Thursday, July 23. ECB President Christine Lagarde is scheduled to hold a monetary policy press conference at 20:45 Beijing time.

The same day, stablecoin project Cap will end Homestead, its second-season points campaign. Under the rules already released by the project, the season began on Jan. 29 and runs through July 23.

Cap said the second season follows a structure similar to the first campaign, Frontier, allowing users to choose either points or yield. stcUSD will provide yield in the form of cUSD, paid daily. Users who choose points can earn them by holding cUSD, Pendle cUSD YT and LP positions, Pendle stcUSD YT and LP positions, or by supplying stablecoin loans to stcUSD and Cap PT in lending markets.

July 24: Worldcoin cuts WLD daily unlock volume

Worldcoin is set to adjust WLD token economics. Starting July 24, 2026, the token’s total daily unlock volume will fall from about 5.1 million WLD to about 2.9 million WLD, a 43% decrease.

July 25-26: No listed events

No key events were listed for July 25, and none were listed for July 26.

Timing not fixed: CLARITY Act expected in the U.S. Senate

Beyond the dated items, the CLARITY Act remains one of the main policy developments to watch next week. Odaily said the bill, which would provide a regulatory framework for the digital asset industry, is still facing unresolved bipartisan negotiations on issues including ethics rules for government officials and illicit finance.

If the bill fails to move forward before the August recess, there will be little to no time left before the midterm elections, which could send the legislative process back to the starting point. Republican leadership is currently aiming to bring the measure to the full Senate during the week of July 20, but passage would require support from at least seven Democratic senators.

This article was originally published by Bit.Fan. For more cryptocurrency news and market insights, visit www.bit.fan.
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