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Starknet To Unlock 3.79% Of Its Supply On 15th July 2025

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Starknet (STRK) is set to unlock 3.79% of its circulating supply worth $18.29 million could not be verified with the available information. Starknet would unlock 3.79% of its circulating supply, valued at $19.04 million, on July 15, 2025.  As of July 14, 2025, the circulating supply of STRK is approximately 3.59 billion tokens, with a price of around $0.1418 per token, resulting in a market cap of about $509.91 million.

A 3.79% unlock of the circulating supply would equate to roughly 136 million tokens. At the current price, this would be worth approximately $19.29 million. Token unlocks are often scheduled to release locked tokens to contributors, investors, or the community, and Starknet’s tokenomics include a plan for gradual unlocks over time.

The unlock will increase the circulating supply of STRK by 127 million tokens, which could lead to selling pressure if early contributors, investors, or other token holders decide to liquidate their newly unlocked tokens. This may cause a downward price movement, especially if the market is not prepared for the additional supply. Historical data shows that token unlocks can lead to price volatility.

For instance, Starknet’s previous unlock schedule adjustments in April 2024 were made to mitigate community concerns about large token dumps, which initially caused a 10% price increase after the announcement of a more gradual unlock plan. However, the July 2025 unlock could still trigger caution among investors, potentially leading to a bearish sentiment if not accompanied by positive project developments.

If demand for STRK remains strong—due to network growth, staking incentives, or new use cases—the price impact might be minimal. For example, the introduction of staking in Q4 2024 and the potential for liquid staking tokens (LSTs) could encourage holders to stake rather than sell, reducing sell-off pressure. Starknet faced criticism in February 2024 for its original unlock schedule, which was perceived as favoring insiders by allowing a large token release (1.34 billion tokens) shortly after the token became tradable.

The revised, more gradual schedule (0.64% monthly until March 2025, then 1.27% monthly until March 2027) was well-received, boosting the token price by 10% at the time. The July 2025 unlock aligns with this revised schedule, which may reassure investors due to its predictability and smaller size compared to the original plan. StarkWare’s proactive communication about token unlocks and its responsiveness to community feedback (e.g., adjusting the schedule in 2024) could mitigate negative sentiment.

However, any unexpected changes or lack of strategic announcements around the unlock could erode trust, especially if the market perceives the unlock as benefiting insiders over retail investors. The introduction of permissionless staking in November 2024 allows STRK holders (except the Starknet Foundation, StarkWare, and locked token holders) to stake tokens for network security and rewards. This could encourage holders to lock up their tokens rather than sell them post-unlock, potentially stabilizing the token’s value.

Additionally, the availability of liquid staking tokens (LSTs) enables participation in DeFi while staking, which could increase STRK’s utility and demand. Starknet’s roadmap includes significant upgrades like the Stwo prover (expected in Q1-Q2 2025), which aims to reduce transaction costs and improve scalability. If these developments coincide with the unlock, positive sentiment around the project’s progress could offset potential selling pressure.

For example, StarkWare’s efforts to scale Bitcoin with STARK technology and the launch of Starknet v0.13.3 (featuring lower gas fees) have been highlighted as major milestones, potentially boosting investor confidence. Starknet’s integration with major oracles like Chainlink and Pyth, as well as native wallet improvements (e.g., Argent and Braavos), enhances its appeal for developers and users. These advancements could drive adoption, increasing demand for STRK and counteracting the unlock’s supply increase.

The July 15, 2025, unlock is part of a broader wave of token unlocks across multiple projects (e.g., WalletConnect, Cyber, Arbitrum), which could contribute to overall market volatility. If the crypto market is in a bearish phase, the combined effect of these unlocks might amplify downward pressure on STRK’s price. Conversely, a bullish market could absorb the additional supply with minimal impact.

Some analyses suggest a bearish outlook for STRK in July 2025, with projections indicating a potential price drop to $0.08–$0.10 due to the unlock and broader market trends. However, longer-term forecasts remain bullish, with predictions of STRK reaching $1.10–$2.78 by the end of 2025, driven by ecosystem growth and staking adoption.

External events, such as the release of China’s Q2 2025 GDP data or the U.S. Consumer Inflation CPI for June (both scheduled for July 15, 2025), could influence overall crypto market sentiment, indirectly affecting STRK’s price reaction to the unlock. Investors should monitor market sentiment and trading volume around July 15, 2025, as large unlocks can lead to rapid price movements if holders sell en masse.

Historical data shows STRK’s price dropped significantly (89% from its all-time high of $3.66 in February 2024 to $0.3973 by October 2024), partly due to unlock-related concerns and market downturns. The ability to stake STRK or use LSTs in DeFi protocols could provide opportunities for investors to earn yields rather than sell, potentially mitigating the unlock’s impact. Investors should assess the staking rewards and DeFi yields available at the time.

Despite short-term risks, Starknet’s focus on scalability, low-cost transactions, and cross-chain scaling (e.g., Bitcoin and Ethereum) positions it as a strong Layer 2 solution. Investors with a long-term horizon may view temporary price dips as buying opportunities, especially if Starknet delivers on its roadmap. The Starknet token unlock on July 15, 2025, could introduce short-term price volatility due to increased supply, with a potential downward pressure if holders sell their tokens.

However, factors such as staking incentives, ongoing ecosystem developments (e.g., Stwo prover, lower fees), and StarkWare’s history of addressing community concerns could mitigate negative impacts. Investors should closely monitor market sentiment, project announcements, and broader market conditions around the unlock date.

Singapore High Court Hearing Is A Make-Or-Break Moment For WazirX

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The restructuring plan, filed by WazirX’s parent company, Zettai Pte Ltd, under Singapore’s Companies Act 1967, aims to repay creditors affected by the hack, attributed to North Korea’s Lazarus Group. The plan proposed distributing 75–80% of user funds through cryptocurrency payments and recovery tokens (RTs), which could be traded or held for potential gains from future platform profits. Initial payouts were promised within 10 business days of court approval.

However, the court’s June 2025 rejection led WazirX to explore relocating to Panama and rebranding as Zensui Corporation, though no such move has been confirmed. The July 15 hearing is pivotal, as approval could enable WazirX to resume operations and begin repayments, while rejection might lead to liquidation, delaying recoveries potentially until 2030. The outcome could also influence crypto regulation in Singapore and user trust in centralized exchanges.

WazirX has faced criticism for unclear communication, with users expressing frustration on platforms like X over delays and lack of transparency. The exchange is under a moratorium until at least August 2025, protecting it from new legal actions while it refines its plan. The Singapore High Court hearing on WazirX’s Scheme of Arrangement, scheduled for July 15, 2025, with a reserve date of July 16, 2025, carries significant implications for the cryptocurrency exchange, its users, creditors, and the broader crypto ecosystem, particularly in light of the $234 million hack on July 18, 2024.

If the court approves the revised restructuring plan, WazirX could begin distributing 75–80% of user funds within 10 business days, primarily through cryptocurrency payments and Recovery Tokens (RTs) tied to future platform profits. This could provide immediate relief to approximately 500,000 affected users, restoring a significant portion of their assets, though not in full.

Approval would allow WazirX to resume operations, potentially relaunching as a decentralized exchange (DEX) under a new structure, possibly rebranded as Zensui Corporation in Panama. This could help rebuild user trust and enable the platform to generate profits to fund further recoveries. A successful restructuring would set a legal precedent in Singapore, a jurisdiction with a progressive crypto framework, for handling exchange insolvencies without liquidation.

This could encourage other hacked exchanges to pursue similar non-bankruptcy resolutions, influencing global crypto regulation Transparent fund distribution, backed by third-party audits and a clear repayment timeline, could restore confidence in WazirX and centralized exchanges more broadly, particularly in India, where WazirX was a leading platform.

If the court rejects the plan, WazirX may face liquidation, potentially delaying user repayments until 2030 due to legal and logistical complexities. This could lead to significant losses for users, as recovered assets might be sold off at depressed prices in a volatile crypto market, exacerbating financial damage. Rejection could intensify user dissatisfaction, already evident on platforms like X, where users have criticized WazirX for vague communication and delays.

This could further erode trust in centralized exchanges and drive users to decentralized alternatives. A failed restructuring might prompt stricter regulations in Singapore and India, particularly regarding proof-of-reserves and security protocols for crypto exchanges. This could reshape the regulatory landscape for centralized exchanges across Asia. With WazirX serving millions of Indian users, a collapse could undermine confidence in India’s crypto sector, potentially slowing adoption and innovation in a rapidly maturing market.

The hearing’s outcome may compel WazirX to disclose forensic reports on the hack, attributed to North Korea’s Lazarus Group, addressing creditor concerns about inadequate security protocols. This could push the industry toward stricter cybersecurity standards and mandatory audits. The case highlights jurisdictional complexities, as WazirX’s parent, Zettai Pte Ltd, operates in Singapore, while most users are in India. The decision could clarify how cross-border crypto disputes are handled, particularly when Indian courts, like the Supreme Court and NCDRC, have dismissed related cases, citing jurisdictional limits.

A successful outcome could bolster investor confidence in crypto exchanges during a bullish market, with Bitcoin trading above $120,000 in July 2025. Conversely, failure might trigger sell-offs and heighten skepticism about centralized platforms, especially amid ongoing volatility. Users have expressed frustration on X over WazirX’s lack of clear communication and shifting timelines, with some accusing the exchange of stalling. The court’s demand for a supplemental affidavit by July 4, 2025, underscores the need for greater transparency, which could influence the hearing’s outcome.

Affidavits, like one filed by user Romy Johnson on July 6, 2025, proposing to release only unhacked tokens, risk delaying recovery and creating division among creditors. Such actions could complicate the court’s decision and prolong uncertainty. The moratorium, extended until at least August 2025, shields WazirX from new legal actions but limits users’ ability to pursue remedies in India, raising questions about the applicability of Singapore’s legal framework to Indian users and Zanmai Labs’ INR services.

WazirX’s potential rebranding and relocation to Panama as Zensui Corporation could streamline operations under a more crypto-friendly jurisdiction but risks alienating users if perceived as evading accountability. The issuance of RTs, tradable and linked to future profits, introduces a novel recovery mechanism but depends on WazirX’s ability to relaunch successfully and generate revenue, which remains uncertain without court approval.

Approval could enable swift partial repayments, platform relaunch, and a strengthened position in the crypto market, while setting a positive precedent for handling exchange hacks. Rejection risks liquidation, prolonged delays, and a loss of user trust, with ripple effects on India’s crypto ecosystem and global regulatory frameworks. The outcome will hinge on WazirX’s ability to address the court’s transparency concerns and unify its creditor base, amidst growing user frustration and regulatory scrutiny.

The Dangote Deep Seaport: Economics and One Oasis [podcast]

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The video podcast discusses the Dangote Group’s significant industrial projects in Lagos, Nigeria, primarily the integrated refinery complex. This complex is presented as one of Africa’s largest production systems, featuring the Dangote Oil Refinery, Petrochemical Plants, and Fertilizer Plants, all vertically integrated to minimize waste and maximize efficiency. The complex produces a wide array of essential products, including gasoline, diesel, jet fuel, urea-based fertilizers, and various petrochemicals like polypropylene, propane, sulfur, and base oil, aiming to satisfy domestic demand and generate export surpluses.

A key focus of the discussion is the critical need for a new Deep Seaport, despite the existing extensive infrastructure within the Dangote complex. This necessity arises from the severe congestion plaguing Nigerian ports, which significantly hinders efficient import and export operations. By constructing a dedicated, vertically integrated seaport, Dangote aims to gain complete control over its logistics chain, thereby enhancing efficiency, streamlining trade, and establishing a formidable competitive advantage through optimized pricing systems.

This strategic approach is encapsulated in what is termed the “one oasis strategy,” emphasizing Dangote’s comprehensive ownership and control across the entire supply chain. A cornerstone of this strategy is the Group’s robust trucking infrastructure, particularly the Dangote Sinotruk West Africa Limited, which produces trucks almost exclusively for the conglomerate. The seamless integration of this internal trucking capacity with the new Deep Seaport creates a powerful, end-to-end logistics system, solidifying Dangote’s market position and contributing significantly to Nigeria’s economic self-sufficiency, job creation, and industrial growth.

 

Download the podcast summary here.

Watch the podcast at Blucera.com.

How To Listen to Tekedia Daily

At Blucera, home of Blucera WinGPT (AI personal educator and coach), eVault Legal Custodial services (store vital personal, family and business documents securely), business tools to grow enterprises, and global archives of Tekedia courses and libraries, Ndubuisi Ekekwe podcasts every week day. Some Tekedia Institute programs offer bonus access to Tekedia Daily or one can register at Blucera for the podcast.

A look At Bitcoin Network’s Health, Miner Economics, And Market Dynamics

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Hashrate (seven-day moving average) at 936 EH indicates the total computational power securing the Bitcoin network, averaged over seven days. At 936 exahashes per second (EH/s), it suggests robust mining activity, likely driven by high network security and miner participation. Higher hashrate typically correlates with increased network difficulty and miner confidence.

Hashprice (spot): $61.4.5 measures the revenue miners earn per unit of hashrate (typically per TH/s per day). At $61.42, this reflects the current profitability of mining, influenced by Bitcoin’s price, transaction fees, and network difficulty. A higher hashprice generally incentivizes more mining activity. Total Fees: 6.52 BTC / $685,443 represents the total transaction fees paid to miners in a given period (likely daily or per block). At 6.52 BTC, valued at $685,443, it suggests moderate transaction activity on the network.

Assuming a Bitcoin price of ~$105,126 ($685,443 ÷ 6.52), this aligns with a plausible market price for Bitcoin in 2025. Open interest in CME Bitcoin futures indicates the total number of outstanding contracts (each contract = 5 BTC). At 153,980 BTC, this equates to ~30,796 contracts, reflecting significant institutional interest in Bitcoin futures for hedging or speculation. High open interest often signals strong market participation.

A hashrate of 936 exahashes per second indicates a highly secure Bitcoin network with significant computational power. This suggests: Miners are investing heavily in hardware and energy, likely due to favorable economics or expectations of future Bitcoin price increases. High hashrate typically leads to higher mining difficulty, making it harder for miners to earn block rewards, which could pressure smaller or less efficient operations.

Sustained high hashrate implies robust global mining participation, potentially diversified across regions, reducing risks of centralized control or disruptions. Hashprice reflects miner revenue per unit of hashrate (per TH/s per day). At $61.42: This level suggests mining remains profitable for efficient operations, especially with Bitcoin’s implied price (~$105,126 based on fees). However, miners with high operational costs (e.g., energy-intensive setups) may face tighter margins.

Hashprice is tied to Bitcoin’s market price and transaction fees. A drop in either could reduce profitability, potentially leading to hashrate declines if miners shut off unprofitable rigs. Miners are likely prioritizing energy-efficient hardware (e.g., latest ASICs) to maximize profits at this hashprice. Transaction fees of 6.52 BTC, equivalent to $685,443, indicate network usage and economic activity: Fees are a small fraction of the block reward (currently 3.125 BTC per block post-2024 halving, plus fees).

This suggests steady but not congested network usage, as high fees typically arise during periods of heavy transaction volume. With fees contributing a modest portion of miner revenue, the block reward remains the primary income source. This highlights the importance of Bitcoin’s price for miner sustainability post-halving. The implied Bitcoin price aligns with a strong bull market, supporting network activity without extreme congestion seen in past peaks.

Open interest of 153,980 BTC (~30,796 contracts, as each CME contract = 5 BTC) reflects institutional engagement: Significant open interest signals strong participation from institutional investors, likely for hedging, speculation, or portfolio diversification. This suggests Bitcoin is increasingly integrated into traditional financial markets. High open interest can indicate bullish sentiment if paired with rising prices, or hedging activity if investors anticipate volatility. Without price trend data, it’s a sign of robust market liquidity.

Large futures positions can amplify price movements if contracts are rolled over or liquidated, especially during expiration periods. The combination of high hashrate and moderate fees points to a secure and functional Bitcoin network, but miners’ reliance on block rewards underscores the importance of Bitcoin’s price stability or growth. Hashprice and fees suggest mining is viable but sensitive to energy costs and market conditions. Post-2024 halving, miners need sustained high Bitcoin prices or increased transaction fees to offset reduced rewards.

High CME futures open interest reflects Bitcoin’s growing role in institutional portfolios, potentially stabilizing prices through liquidity but also introducing risks of volatility from leveraged positions. If Bitcoin’s price remains strong (~$100K+), miners and the network are likely to thrive. However, a price drop or stagnant transaction volume could strain less efficient miners, potentially reducing hashrate.

Trump Threatens 100% Secondary Tariffs on Russia’s Trade Partners if No Ukraine Peace Deal in 50 Days

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President Donald Trump on Monday issued a sharp new threat aimed at ending the war in Ukraine: a 50-day deadline for Russian President Vladimir Putin to agree to a peace deal — or face sweeping “secondary tariffs” of around 100% on nations trading with Moscow.

“We’re very, very unhappy with them, and we’re going to be doing very severe tariffs, if you don’t have a deal in 50 days, tariffs at about 100%, they call them secondary tariffs,” Trump said from the White House while meeting with NATO’s secretary general, Mark Rutte.

Trump added that he was “disappointed” in Putin, saying he had expected a deal months ago.

“So based on that, we’re going to be doing secondary tariffs,” Trump added.

But the threat, which would impose stiff levies on countries and companies doing business with Russia — particularly in energy and raw materials — is drawing more skepticism than surprise. Critics say the move may be another example of Trump’s pattern of tough talk with limited follow-through, especially when dealing with Putin.

A Persuasive Approach vs Confrontation

The president has long been criticized for his unusually conciliatory posture toward Putin. Unlike his predecessor Joe Biden, whose administration took a confrontational approach by rallying NATO, arming Ukraine heavily, and implementing sweeping financial sanctions on Moscow, Trump has consistently opted for persuasion.

He has claimed repeatedly — without providing details — that he could end the war within 24 hours by “sitting both sides down” and brokering a deal. That posture, and his refusal to sharply criticize Putin even after the 2022 invasion of Ukraine, earned Trump a reputation for being lenient on Russia.

Monday’s tariff threat, while bolder than usual, is seen by some as hollow. Others point to Trump’s previous praise for Putin’s leadership style and his skepticism toward NATO as further signs that the tariff warning may be more political theater than policy.

If implemented, the so-called secondary tariffs would target nations that continue buying Russian exports — especially oil, gas, grain, and industrial commodities. Among those potentially in the crosshairs: China, India, Brazil, Turkiye, and others who have maintained or even expanded trade with Moscow despite Western sanctions.

That move could create major geopolitical friction. Countries like India and China are now deeply entwined with Russia’s energy and trade networks. Any attempt to penalize them could risk a global trade clash — and possibly backfire on the U.S. and its own supply chains.

Would It Even Work?

Beyond doubts about Trump’s willingness to impose the tariffs, there is another lingering question: Would it even matter?

Russia has, for the most part, weathered the storm of past Western sanctions and tariffs. It has reoriented its energy exports to Asia, rerouted trade through third-party nations, and leaned on massive foreign reserves to stabilize its economy. Even with billions in frozen assets and restricted access to Western tech, Moscow’s war effort has continued largely unabated.

Analysts warn that another round of tariffs — even with a 100% rate — may do little to force a policy change in the Kremlin.

Former CIA officer Dan Hoffman said on Fox News that the massive strike on Kyiv right after Putin’s call with Trump was no coincidence. Putin wants to show strength. 

Trump did not specify which products would be targeted or how the tariffs would be enforced. Nor was there clarity on whether he would seek multilateral support from U.S. allies or act unilaterally. Without those details, analysts say the threat looks more like posturing than actionable foreign policy.

Still, it signals Trump’s growing frustration with the conflict. In March, he floated a similar warning, saying he would impose secondary tariffs on all Russian oil if no peace deal was reached and if he deemed Russia responsible.

“We get a lot of bullshit thrown at us by Putin. He’s very nice all the time, but it turns out to be meaningless,” he said earlier this month.

Although this time, Trump he has added a timeline — 50 days — setting up a potential moment of reckoning in early September, his record of backing down from implementing threats, as notable in his global tariff policies, has earned him the TACO (Trump always chicken out) nickname.

Against this backdrop, Trump’s remarks are currently generating more questions than confidence. And for Putin — who has defied NATO, Western sanctions, and U.S. tariffs for over two years — it is unclear whether even this latest threat will move the needle.