Crypto market participants are entering 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 obtain a license.
On top of that, investors will see new product reveals from Robinhood, at an event where CEO Vlad Tenev will speak alongside the company’s general manager of crypto, Johann Kerbrat.
There’s also a packed week of US macroeconomic data, including employment and manufacturing reports, while potential black swan events around geopolitics could also help shape market direction.
What to watch
(All times ET)
- Crypto
- July 1: The transition period for the European Union’s Markets in Crypto Assets (MiCA) framework expires.
- July 1: Robinhood (HOOD) will hold a product launch event titled “The World is Flat.”
- July 2 – Tokenization company Securitize will begin trading on the NYSE after SPAC merger.
- Macro
- June 30, 9:00 am: US House Price Index YoY for April (previously 1.7%)
- June 30, 10:00 am: US JOLT job openings for May: 7.28 million (was 7.618 million)
- July 1, 5:00 am: Eurozone annual inflation rate for June estimated 3% (previously 3.2%)
- July 1, 8:15 am: US ADP June employment change estimate: 118,000 (was 122,000)
- July 1, 9:00 am: US Federal Reserve Chairman Warsh speaks at the European Central Bank Forum
- July 1, 10:00 am: US ISM Manufacturing PMI for June estimated 53.7 (previous 54)
- July 2, 8:30 am: US nonfarm payrolls for June estimated at 114,000 (was 172,000)
- July 2, 8:30 am: US unemployment rate for June estimated at 4.3% (forecast 4.3%)
- July 2, 8:30 a.m.: Initial US unemployment claims for the period ending June 27, approximately 220,000 (was 215,000)
- July 2, 4:30 pm: US Federal Reserve balance sheet for July 1 (previous: $6.736 trillion)
- Earnings
symbolic events
- Governance votes and calls
- Aave DAO is voting on upgrading the Pendle PT risk oracle stack to an automated pipeline. Voting ends June 30.
- Arbitrum (ARB) is voting to reduce Arbitrum Gaming Ventures (AGV) to exclusively manage its existing portfolio. The proposal seeks approval from the DAO to end future investment activity and return excess capital to the DAO treasury for redistribution. Voting ends July 2.
- is voting on transferring protocol intellectual property from Pixelcraft Studios to the AavegotchiDAO Foundation. Voting ends on July 4.
- Redbelly Networm (RBNT) is voting to temporarily suspend operational activities of the Redbelly Community DAO until the broader ecosystem reaches greater maturity. Voting ends on July 4.
- Unlock
- 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 releases
