Russia will impose a seven-year cryptocurrency mining restriction across Moscow, Moscow Oblast and parts of Kursk Oblast from Aug. 15, placing one of the week’s clearest operational deadlines on mining businesses and pool participants. The measure, signed by Prime Minister Mikhail Mishustin, is scheduled to remain in force until Dec. 31, 2032.
The order covers mining activity in Moscow and Moscow Oblast, as well as eight municipal districts in Kursk Oblast and the city of Lgov. It also applies to residents participating in mining pools, extending the restriction beyond industrial mining sites to individuals contributing computing power remotely. The policy adds to Russia’s use of regional mining limits to manage electricity supply in areas facing infrastructure pressure.
Mining operators with equipment in the affected areas face a choice between halting activity, relocating hardware, or determining whether their operations qualify under any applicable local rules. The long end date gives the measure more weight than a seasonal restriction designed only for periods of peak energy consumption. Moscow and its surrounding region are major economic centers, so the order could narrow options for operators seeking stable grid access near Russia’s largest commercial markets.
U.S. inflation data arrives before the September Fed meeting
The U.S. Bureau of Labor Statistics is scheduled to publish its July Consumer Price Index report on Aug. 12 at 8:30 a.m. Eastern Time, or 20:30 Beijing time. The release will be among the most closely watched macroeconomic events for global markets during the week, arriving before the Federal Reserve’s mid-September policy meeting.
Bitcoin and other digital assets have become increasingly sensitive to U.S. inflation reports because CPI data can alter expectations for interest rates, Treasury yields and the dollar. A softer-than-expected reading can reinforce expectations that monetary policy may ease, while persistent inflation can lead traders to reduce bets on rate cuts. The report’s details—including housing, services and core inflation measures excluding food and energy—will likely attract as much attention as the headline figure.
No official forecast should be treated as a certainty ahead of the release. Markets often react sharply when inflation data differs from consensus expectations, particularly when the result changes assumptions about how quickly the Federal Reserve could adjust policy.
Wallet and blockchain deadlines concentrate in midweek
Several crypto product changes will require users to move funds or prepare for service interruptions.
Phantom will end support for the Monad network on Aug. 12, according to an update referenced by Monad. Users holding assets on Monad through Phantom were directed to transfer them to another wallet compatible with Ethereum Virtual Machine networks. Phantom had supported Monad since the network’s mainnet launch in November 2025.
The change does not shut down Monad itself, but it removes a wallet option for users of the chain. Anyone moving assets needs to confirm that the destination wallet supports the relevant network and token standard before sending funds, since transfers to unsupported addresses can be difficult to recover.
Dango is scheduled to shut down its Layer 1 blockchain at 12:00 UTC on Aug. 13. The project had halted trading at 12:00 UTC on July 29, according to its shutdown notice. Remaining trading positions were set to be settled using oracle prices, while deposits in DLP Vaults were to be unlocked and returned to users’ spot accounts in USDC.
Dango said funds left unwithdrawn when the network closes would be returned to deposit addresses on Ethereum. The closure illustrates the practical distinction between a token remaining visible in a wallet and the underlying blockchain continuing to operate: after a network shutdown, transfers and withdrawals can depend entirely on the migration process offered by the project.
Superseed has also set a longer migration deadline as it abandons its self-built Layer 2 chain in favor of products deployed directly on Ethereum mainnet. Its notice requires users to bridge assets off the Superseed chain by Aug. 15, 2026.
The assets named in the notice include USDC, USDT, oUSDT, cbBTC, OP and ETH. Superseed said SUPR is expected to be reissued under a later contract, while other assets may not be recoverable after the deadline. The timeline gives users substantially more time than the Dango shutdown, but it also places the responsibility for bridging assets on holders rather than on a future automatic migration.
China IPO and index change add equity-market events
China’s STAR Market will host an online and offline subscription window for Unitree Technology’s initial public offering on Aug. 10. Unitree’s offering documents state that the company plans to issue 40.446434 million shares, representing 10% of its enlarged share capital. Post-offering total share capital would stand at 404.464340 million shares.
The proposed listing uses a combined allocation structure covering strategic placement, offline placement and online placement. Unitree also disclosed a weighted voting rights arrangement under which controller Wang holds 68.78% of voting power. Such structures can preserve founder control after a public offering while leaving outside shareholders with a smaller role in corporate voting.
Separately, MSCI said ChangXin Technology will join the MSCI China All Shares Index effective Aug. 10 following its IPO listing. Index inclusion can bring the stock onto the radar of funds and products designed to track MSCI benchmarks, though the scale of any resulting trading demand depends on the company’s index weighting and the mandates of individual fund managers.
South Korea expands semiconductor-cluster support
South Korea will begin enforcing the decree attached to its Special Act on strengthening and supporting semiconductor industry competitiveness on Aug. 11, following cabinet review on Aug. 4. Under the decree, national and local governments can cover 50% to 100% of the construction and operating costs for infrastructure in designated semiconductor clusters.
The highest support level is available for dualization facilities—redundant systems designed to reduce disruption—and assets connected to supply-chain stability and industrial security. The framework gives public authorities a larger role in financing the power, water, transport and other infrastructure required for advanced chip production.
The policy is relevant to crypto markets indirectly through the same computing supply chain that serves artificial intelligence, cloud infrastructure and high-performance data centers. Demand for advanced processors and memory has made semiconductor capacity a strategic concern for governments and technology companies, even as cryptocurrency mining hardware relies on a different, more specialized class of chips.
Taken together, the week’s events divide neatly between market-moving data and operational deadlines. The CPI release may reset short-term rate expectations, while the Russian mining restriction and multiple blockchain migrations require specific actions from affected operators and users before their respective cutoff dates.
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