The cryptocurrency market has seen a strong rally recently, mainly led by Bitcoin, after weaker-than-expected jobs data reduced the chances of an interest rate hike in the United States. Over the past week, Bitcoin has gained around 5% in value and altcoins have also benefited. Ethereum, for example, is up about 12%.
But now a new week is here, and it brings a busy calendar of economic developments and altcoin events. Here is a daily breakdown for crypto enthusiasts. All times are UTC+3 Turkish time unless otherwise noted.
Monday July 6
Starknet, the layer 2 network behind STRK, will receive the v0.14.3 update. This includes dynamic L2 base transaction fees, which could affect how users interact with the network. Meanwhile, the White House is accelerating work on standards for advanced AI models, with an announcement expected later this week. This could influence broader sentiment around technology and crypto.
Tuesday July 7
Axie Infinity launches the migration process of its Land Item smart contracts. Near Protocol made a major announcement, although details remain scarce. Berachain is moving to a PoL Next update, and notably, the BGT token will be discontinued. Additionally, SpaceX joins the Nasdaq-100 Index, which is more of a traditional financial event but could impact risky assets.
Wednesday July 8
Cross-chain infrastructure provider Squid will announce the launch of its public token sale. Meanwhile, Interfold, a privacy-focused project, is launching an auction for its FOLD token. AI company Anthropic will roll out KYC apps for users, which could set the tone for how AI and crypto compliance intersect. At 9:00 p.m., the Federal Reserve will release minutes from its latest interest rate decision meeting. These minutes often move markets, so traders should keep their eyes peeled.
Thursday July 9
LayerZero is upgrading its default DVN configuration to a 3 of 3 model and plans to deprecate v1 repeaters. This could be important for the reliability of cross-chain messaging. Layer 2 Bitcoin network Botanix has ceased operations and users are asked to withdraw their assets by the end of the day. This is a sudden decision that might surprise some. As of 3:30 p.m., initial U.S. jobless claims data is expected to be around 218,000, down slightly from the previous 215,000. Weak numbers here could strengthen crypto.
Friday July 10
The Malta Financial Services Authority is considering regulating DeFi and today is the deadline for public comments. The EU is also implementing new anti-money laundering rules, which could have long-term implications for exchanges and DeFi. Binance removes several tokens: ALCX, ARDR, NFP and POND. If you hold any, you may wish to move or sell them before delisting.
This program is packed, but remember: this is not investment advice. Always do your own research before acting on any news.
