Crypto market participants enter July with a critical shift in Europe as the MiCA framework transition period expires. Exchanges are now competing to attract Binance users in the region after the company failed to secure a license.
On top of that, investors will see the new products unveiled by Robinhood, during an event where CEO Vlad Tenev will speak alongside the company’s Managing Director of Crypto, Johann Kerbrat.
There will also be a busy week of US macroeconomic data, including reports on employment and the manufacturing sector, while possible black swan events linked to geopolitics could also help shape market direction.
What to watch
(All times ET)
- Cryptocurrency
- July 1: The transition period for the European Union’s Markets in Crypto Assets (MiCA) framework expires.
- July 1: Robinhood (HOOD) will host a product reveal event titled “The World is Flat.”
- July 2: Tokenization company Securitize will begin trading on the NYSE following the SPAC merger.
- Macro
- June 30, 9:00 a.m.: Year-on-year US house price index for April (previously 1.7%)
- June 30, 10:00 a.m.: US JOLT job offers for May est. 7.28 M (prev. 7.618 M)
- July 1, 5:00 a.m.: Eurozone Flash YoY inflation rate for June est. 3% (previous 3.2%)
- July 1, 8:15 a.m.: ADP employment trends in the United States for June est. 118,000 (previous 122,000)
- July 1, 9:00 a.m.: US Fed Chairman Warsh speaks at the European Central Bank Forum
- July 1, 10:00 a.m.: ISM US manufacturing PMI for June est. 53.7 (prev. 54)
- July 2, 8:30 a.m.: US non-farm payrolls for June est. 114,000 (previous 172,000)
- July 2, 8:30 a.m.: US unemployment rate for June est. 4.3% (previous 4.3%)
- July 2, 8:30 a.m.: First unemployment claims in the United States for the period ending June 27, est. 220,000 (previous 215,000)
- July 2, 4:30 p.m.: Balance sheet of the American Fed as of July 1 (previous $6.736 T)
- Earnings
Token Events
- Votes and calls on governance
- Aave DAO vote on upgrading the Pendle PT Risk Oracle stack to an automated pipeline. Voting closes on June 30.
- Arbitrum (ARB) votes on restricting Arbitrum Gaming Ventures (AGV) to exclusively manage its existing portfolio. The proposal seeks DAO approval to terminate term investment activities and return excess capital to the DAO treasury for redeployment. Voting closes July 2.
- vote on the transfer of protocol intellectual property from Pixelcraft Studios to the AavegotchiDAO Foundation. Voting ends July 4.
- Redbelly Networm (RBNT) is voting to temporarily suspend operational activities of the Redbelly Community DAO until the ecosystem as a whole reaches greater maturity. Voting ends July 4.
- Unlocks
- EigenCloud (EIGEN) will unlock 2.91% of its circulating supply worth $8.44 million.
- to unlock 0.56% of its circulating supply worth $36.25 million.
- Token Launches
