Crypto’s big events this week are happening in Washington DC. A House Financial Services Subcommittee opens with a hearing on oversight of the Financial Crimes Enforcement Network.
The Office of the Comptroller of the Currency’s (OCC) comment period on proposed GENIUS Act rules that expand anti-money laundering standards and penalties for stablecoin issuers closes on July 24.
The Commodity Futures Trading Commission’s (CFTC) window for 24/7 trading and perpetual-style bitcoin futures will close on July 27, three months after the regulator approved the first regulated bitcoin perpetual on Kalshi. The GENIUS Act turned one this month, and the regulations built on it are still being written.
The macro calendar is centered on Thursday’s decision on the European Central Bank, with markets pricing in a team.
Traders will also monitor geopolitical developments and oil prices for potential clues as to what the markets might do next.
What to see
(All times ET)
- Crypto
- Macro
- 20 July at 8:30am: Canada CPI YoY for June (prev 3.2%); Core CPI y/y (previously 2.2%)
- 22 July at 02.00: UK CPI YoY for June (Prev 2.8%); Core CPI y/y (previously 2.6%)
- 23 July at 8.15am: The European Central Bank’s interest rate decision estimated at 2.4% (previously 2.4%), followed by a press conference at 8:45
- 23 July at 8.30am: Initial US jobless claims for the period ending July 18 (previously 208K)
- 23 July at 7.30pm: Japan CPI YoY for June (previously 1.5%); Core CPI YoY estimated 1.6% (previously 1.4%)
- 24 July at 04.00: Eurozone S&P Global Composite PMI Flash for July estimated 50.0 (previous 50)
- 24 July at 9:45: US S&P Global Composite PMI Flash for July (previous 51.9)
- 24 July at 9:45am: US S&P Global Manufacturing PMI Flash for July (prev 53.9)
- 24 July at 9:45am: US S&P Global Services PMI Flash for July (prev 51.2)
- Earnings
- July 21: Interactive Brokers Group (IBKR), post-market, $0.61
- July 22: CME Group (CME), premarket, $2.99
- July 22: Tesla (TSLA), post-market, $0.44
- July 23: Nasdaq (NDAQ), premarket, $0.95
Token Events
- Governance Voices and calls
- ENS DAO votes on an executable proposal to establish a new security council for a two-year period, allowing for the cancellation of proposals for the newly elected multisig and contract. Voting ends July 20.
- Lido DAO votes to launch a permissionless community effort module and adopt a case-by-case penalty framework for Curated Module v2 node operators. Voting ends July 20.
- The Superfluid DAO votes on the candidate selection phase for its security council election, where delegates can split votes between three candidates. Voting ends on July 21.
- Compound DAO to vote on a proposal to update the cbBTC price feeds in its AERO, USDC, USDS and WETH markets on Base to use the new SVR price feeds. Voting ends on July 21.
- Arbitrum DAO votes to ratify improvements to its security council election process, including extending membership terms from one to two years. Voting ends on July 23.
- ZKsync DAO votes on the ZIP-16 v31 protocol upgrade to introduce Priority Mode and unify the shared codebase between ZKsync Era and ZKsync OS. Voting ends on July 23.
- Unlocks
- July 20: LayerZero (ZRO) to unlock 4.6% of its circulating supply, worth $20.59 million.
- July 20: Starknet to unlock 2.6% of its circulating supply, worth $5 million.
- July 21: Avalanche (AVAX) to unlock 0.7% of its circulating supply, worth $23.3 million.
- July 21: to unlock 1.2% of its circulating supply, worth $24 million.
- July 23: Arbitrum (ARB) unlocks 1.4% of its circulating supply, worth $12.3 million.
- July 24: to unlock 1.5% of its circulating supply, worth $57.7 million.
- July 25: Humanity Protocol (H) to unlock 2.7% of its circulating supply, worth $15.6 million.
- July 26: Toncoin (TON) unlocks 0.9% of its circulating supply, worth about $69.9 million.
- The token is launched
