I had a bit of a panic upon seeing the email update - I have an upcoming booking to SFO returning on November 1st - but according to this page at Velocity, bookings made prior to July 10th are unaffected:"from 1 November 2017 Velocity members will not earn or redeem Velocity Points and Status Cre...

Going by this Velocity page (via the "Find out more" button from the bottom of the email), as long as the booking was made prior to July 10th, both points and SC will still earn (as per bolded below):"... from 1 November 2017 Velocity members will not earn or redeem Velocity Points and Status Cre...