The main Crypto events this week take 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’s (OCC) comment period on proposed GENIUS Act rules extending anti-money laundering and sanctions standards to stablecoin issuers closes on July 24.
The Commodity Futures Trading Commission (CFTC) window on 24/7 trading and perpetual-style bitcoin futures closes on July 27, three months after the regulator authorized the first regulated perpetual bitcoin on Kalshi. The GENIUS Act turned one this month and the rules underpinning it are still being drafted.
The macro calendar focuses on the European Central Bank’s decision on Thursday, and markets are pricing in a wait.
Traders will also be keeping an eye on geopolitical developments and oil prices for possible clues as to what the markets might do next.
What to watch
(All times ET)
- Crypto
- Macro
- July 20, 8:30 am: Canada June YoY CPI (was 3.2%); YoY core CPI (previously 2.2%)
- July 22, 2:00 am: June UK YoY CPI (previously 2.8%); YoY core CPI (previously 2.6%)
- July 23, 8:15 am: European Central Bank interest rate decision estimated at 2.4% (previously 2.4%), followed by a press conference at 8:45 am
- July 23, 8:30 am: US initial unemployment claims for the period ending July 18 (previous 208K)
- July 23, 7:30 p.m.: June YoY Japan CPI (previously 1.5%); Estimated core CPI year-on-year 1.6% (previous 1.4%)
- July 24, 4:00 am: Eurozone S&P Global Composite PMI for July estimate 50.0 (previous 50)
- July 24, 9:45 am: US S&P Global Composite PMI July Flash (previous 51.9)
- July 24, 9:45 am: US S&P Global Manufacturing PMI July Flash (previous 53.9)
- July 24, 9:45 am: US S&P Global Services PMI July Flash (previous 51.2)
- Earnings
- July 21: Interactive Brokers Group (IBKR), post-market, $0.61
- July 22: CME Group (CME), premarket, $2.99
- July 22: Tesla (TSLA), post-market, $0.44
- July 23: Nasdaq (NDAQ), premarket, $0.95
symbolic events
- Governance votes and calls
- ENS DAO is voting on an executable proposal to establish a new security council for a period of two years, granting proposal cancellation power to the newly elected contract and multi-signature. Voting ends July 20.
- Lido DAO is voting to launch a permissionless community participation module and adopt a case-by-case penalty framework for Curated Module v2 node operators. Voting ends July 20.
- Superfluid DAO is voting in the candidate selection phase for the security council election, where delegates can distribute votes among three contenders. Voting ends July 21.
- The Composite DAO will vote on a proposal to update cbBTC prices on its AERO, USDC, USDS, and WETH markets on Base to use the new SVR prices. Voting ends July 21.
- Arbitrum DAO is voting to ratify improvements to its security council election process, including extending members’ terms from one to two years. Voting ends on July 23.
- ZKsync DAO is voting on the ZIP-16 v31 protocol update to introduce Priority Mode and unify the shared codebase between ZKsync Era and ZKsync OS. Voting ends on July 23.
- Unlock
- 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 unlock 0.7% of its circulating supply worth $23.3 million.
- July 21: to unlock 1.2% of its circulating supply worth $24 million.
- July 23: Arbitrum (ARB) will unlock 1.4% of its circulating supply worth $12.3 million.
- July 24: to unlock 1.5% of its circulating 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 around $69.9 million.
- Token releases
