Crypto market participants enter July with a critical shift in Europe as the MiCA framework transition period expires. Exchanges are now competing to lure Binance users into the region after the firm failed to secure a license.
On top of that, investors will see new product unveilings from Robinhood, at an event where CEO Vlad Tenev will be speaking alongside the company’s general manager of crypto, Johann Kerbrat.
There is also a packed week of US macroeconomic data, including employment and manufacturing reports, while potential black swan events around geopolitics could also help shape the market’s direction.
What to see
(All times ET)
- Crypto
- July 1: Transition period for the EU’s Markets in Crypto Assets (MiCA) framework expires.
- July 1: Robinhood (HOOD) holds product unveiling event titled “The World is Flat.”
- July 2: Tokenization firm Securitize begins trading on NYSE following SPAC merger.
- Macro
- 30 June at 9am: US House Price Index YoY for April (prev 1.7%)
- 30 June at 10:00 AM: US JOLT job openings for May estimated at 7.28 million. (Previous 7.618 million)
- 1 July at 05.00: Eurozone Inflation Rate YoY Flash for June Estimated 3% (Previous 3.2%)
- 1 July at 08.15: Change in employment in the US ADP for June estimated 118,000 (previously 122,000)
- 1 July at 9:00 AM: US Fed Chairman Warsh speaks at the European Central Bank Forum
- 1 July at 10am: US ISM Manufacturing PMI for June estimated 53.7 (previous 54)
- 2 July at 8:30 AM: US Non-Farm Payrolls for June Estimated 114K (Prev 172K)
- 2 July at 8:30am: US unemployment rate for June estimated 4.3% (previously 4.3%)
- 2 July at 8.30am: US initial jobless claims for period ending June 27 estimated at 220,000 (previously 215,000)
- 2 July at 4.30pm: US Fed balance sheet for July 1 (Previous $6.736T)
- Earnings
Token Events
- Governance Voices and calls
- Aave DAO vote to upgrade the Pendle PT risk oracle stack to an automated pipeline. Voting ends on June 30.
- Arbitrum (ARB) votes to narrow Arbitrum Gaming Ventures (AGV) to exclusively manage its existing portfolio. The proposal seeks DAO approval to end forward investment activity and return excess capital to the DAO fund for redistribution. Voting ends on July 2.
- votes to transfer the intellectual property of the protocol from Pixelcraft Studios to the AavegotchiDAO Foundation. Voting ends on July 4.
- Redbelly Networm (RBNT) votes to temporarily suspend Redbelly Community DAO operational activities until the broader ecosystem reaches greater maturity. Voting ends on July 4.
- Unlocks
- EigenCloud (EIGEN) to unlock 2.91% of its circulating supply, worth $8.44 million.
- to unlock 0.56% of its circulating supply valued at $36.25 million.
- The token is launched
