Digital assets are attempting to decouple themselves from a complex macroeconomic environment following a dramatic sequence of central bank changes, the first of which being the Bank of Japan’s historic push toward 1.0% interest rates and the restructured FOMC policy framework by new Federal Reserve Chairman Kevin Warsh.
Traders enter the week balancing an apparent decline in concerns about energy-related inflation with a stark warning of a near-term liquidity crunch.
While the formal signing of the U.S.-Iran peace treaty brings relief by opening the Strait of Hormuz, it also deprives safe haven assets of their immediate momentum. Instead, capital is reorganizing around a major U.S. data cluster as the market prepares for Thursday’s crucial Core PCE release to gauge the trajectory of consumer inflation.
With bitcoin With price stabilizing above major psychological support at $64,000, the macro weight that has weighed on digital assets for months may finally dissipate.
What to watch
(All times ET)
- Cryptocurrency
- June 22: The US SEC and CFTC open their new joint public comment window targeting data reporting frameworks. The 60-day window invites industry comments to harmonize and streamline regulatory reporting in the digital asset swaps and derivatives markets.
- Macro
- June 23, 4:00 a.m.: Eurozone manufacturing and services flash PMIs for June
- June 25, 8:30 a.m.: Annualized final GDP growth for the first quarter in the United States, estimated at 1.6% (previous: 1.6%)
- June 25, 8:30 a.m.: US core PCE price index in May, est. 3.3% over one year (previous 3.3%); MoM is. 0.24% (previous 0.2%)
- June 25, 8:30 a.m.: First unemployment claims in the United States for the period ending June 20, est. 224,000 (previous 226,000)
- Earnings
Token Events
- Votes and calls on governance
- Lido DAO is voting on various network-related issues, including approval of the Staking Router v3 architecture, migration to upgraded community and curated staking modules to support the Ethereum Pectra hard fork, removal of single DVT clusters, revocation of specific multichain bridge endpoints, and appointment of a new director for the Lido Labs Foundation. Voting closes on June 22.
- Ssv.network DAO votes on a proposal to conclude its Mainnet incentive program for validation clusters paying network fees in SSV on June 30. The transition framework offers full rewards for July to any SSV cluster that migrates to an ETH-denominated cluster. Voting closes on June 23.
- Goldfinch DAO is voting on a proposal to begin an orderly liquidation of Goldfinch Prime and move the protocol to a “maintenance mode” focused solely on managing recovery and collection of remaining payments from the legacy borrower pool. Voting closes on June 23.
- GnosisDAO is voting on a “treasury buyback” proposal that allows GNO holders to voluntarily exchange their tokens for a pro-rata distribution of the DAO’s liquid assets at net asset value (NAV), as well as a discounted share of capital called by GnosisVC. Voting closes on June 26.
- Unlocks
- June 22: MegaETH Bridge (MEGA) will unlock 2.5% of its circulating supply worth $13.71 million.
June 23: Toncoin (TON) will unlock 0.72% of its circulating supply worth $59.63 million. - June 24: Humanity (H) will release 2.93% of its circulating supply worth $52.67 million.
- June 22: MegaETH Bridge (MEGA) will unlock 2.5% of its circulating supply worth $13.71 million.
- Token Launches
