The major Crypto events this week are taking place 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 (OCC) comment period on proposed GENIUS Act rules extending anti-money laundering standards and sanctions to stablecoin issuers ends July 24.
The Commodity Futures Trading Commission’s (CFTC) 24/7 trading window for perpetual Bitcoin futures closes on July 27, three months after the regulator authorized the first regulated perpetual bitcoin on Kalshi. The GENIUS Act celebrated its first anniversary this month and the resulting rules are still being drafted.
The macroeconomic calendar is centered on Thursday’s European Central Bank decision, with markets banking on a wait-and-see approach.
Traders will also be watching geopolitical developments and oil prices for potential clues about what markets might do next.
What to watch
(All times ET)
- Cryptocurrency
- Macro
- July 20, 8:30 a.m.: Canadian CPI over one year for June (previous 3.2%); Core CPI over one year (previous 2.2%)
- July 22, 2:00 a.m.: UK one-year CPI for June (previous 2.8%); Core CPI over one year (previous 2.6%)
- July 23, 8:15 a.m.: decision by the European Central Bank on interest rates estimated at 2.4% (previously 2.4%), followed by a press conference at 8:45 a.m.
- July 23, 8:30 a.m.: First unemployment claims in the United States for the period ending July 18 (previous 208,000)
- July 23, 7:30 p.m.: Japanese CPI over one year for June (previous 1.5%); Core CPI year-on-year estimated at 1.6% (previously 1.4%)
- July 24, 4:00 a.m.: Eurozone S&P Global Composite PMI Flash for July East. 50.0 (previous 50)
- July 24, 9:45 a.m.: US S&P global composite PMI flash for July (previous 51.9)
- July 24, 9:45 a.m.: US S&P global manufacturing PMI flash for July (previous 53.9)
- July 24, 9:45 a.m.: Flash US S&P Global Services PMI for July (previous 51.2)
- Earnings
- July 21: Interactive Brokers Group (IBKR), post-market, $0.61
- July 22: CME Group (CME), pre-market, $2.99
- July 22: Tesla (TSLA), post-market, $0.44
- July 23: Nasdaq (NDAQ), pre-market, $0.95
Token Events
- Votes and calls on governance
- ENS DAO votes on an enforceable proposal to establish a new security council for a two-year term, granting proposal cancellation power to the newly elected multisig and contract. Voting closes on July 20.
- Lido DAO votes to launch a permissionless community staking module and adopt a case-by-case penalty framework for Curated Module v2 node operators. Voting closes on July 20.
- Superfluid DAO votes on the candidate selection phase for its election to the Security Council, where delegates can split votes among three candidates. Voting closes July 21.
- Compound DAO will vote on a proposal to update the cbBTC price feeds on its AERO, USDC, USDS, and WETH markets on Base to use the new SVR price feeds. Voting closes July 21.
- Arbitrum DAO votes to ratify improvements to its security council election process, including extending members’ terms from one to two years. Voting closes on July 23.
- ZKsync DAO votes on upgrading the ZIP-16 v31 protocol to introduce priority mode and unify the shared code base between ZKsync Era and ZKsync OS. Voting closes on July 23.
- Unlocks
- July 20: LayerZero (ZRO) will 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) will release 0.7% of its circulating supply worth $23.3 million.
- July 21: to unlock 1.2% of its outstanding supply worth $24 million.
- July 23: Arbitrum (ARB) will unlock 1.4% of its outstanding supply worth $12.3 million.
- July 24: to unlock 1.5% of its outstanding supply worth $57.7 million.
- July 25: Humanity Protocol (H) will unlock 2.7% of its circulating supply worth $15.6 million.
- July 26: Toncoin (TON) will unlock 0.9% of its circulating supply worth approximately $69.9 million.
- Token Launches
