Top Crypto
News This Week:
FOMC’s Minutes, ETHFI
Airdrop Season 3, and
More
This week, some major news has captured the attention of crypto investors and
enthusiasts alike.
The release of the Federal Open Market Committee (FOMC) meeting minutes,
Etherfi s airdrop Season 3 launch, and several other significant
developments are expected to influence the decentralized finance ( DeFi )
sector and the broader crypto industry.
FOMC Meeting Minutes and Other Macro Data Releases
This week, the crypto market braces for several macroeconomic data releases,
notably the FOMC meeting minutes and the non-farm payroll figures for June.
Analysts expect 180,000 new jobs in June, keeping the unemployment rate at 4%,
the highest since February 2022. May saw a gain of 272,000 jobs, initially
boosting confidence about the economy despite signs of a slowdown.
Investor concerns about US economic momentum may grow with below-expectation
numbers. June s data revealed continuing unemployment claims at 1.84
million, a peak since November 2021, highlighting difficulties for job
seekers. The focus will also be on the average hourly earnings growth,
expected to decrease to a post-pandemic low of 3.9% year-on-year in June.
Analysts believe these insights will significantly impact Bitcoin (BTC• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin) and
the broader crypto market . According to crypto analyst CrypNuevo, Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin has
shown preliminary signs of potential market movements.
They observed two crucial liquidity areas of interest. The first is between
$62,500 and $63,500, marking the primary short-term liquidity zone. The second
area is around $67,100, regarded as a significant mid-term zone.
CrypNuevo also noted a notable issue in the opposite direction involving a
long wick. They believe it will likely get filled to balance the open interest
gaps. BTC Price Performance. Source: X/CrypNuevo
“So I finally came up with this projection: Not necessarily for the week
ahead, the time frame is more like 2-3 weeks. Impulsive moves up to liquidate
high-leverage short positions and then drop back down to fill the 50% of the
wick. Forming a potential accumulation range,” CrypNuevo wrote .
Zero1 Labs Reveals a New Community Program
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Zero1 Labs, a decentralized AI solution, has announced a major activation for
the Zero1 community. This initiative, involving over 25 prominent communities,
aims to further decentralize its native token, DEAI.
The new Community Program seeks to foster greater engagement within crypto
communities and expand Zero1 Labs into the largest AI crypto community. It
delivers exclusive rewards to new supporters by forming strategic alliances
with top community projects.
Collaborating with well-known communities, Zero1 Labs offers users a chance to
claim a share of a $2 million DEAI prize pool. The protocol aims to reward
both existing supporters and attract new participants eager to explore
decentralized technology and AI.
Participants can earn rewards by engaging with the community and writing
unique content about Zero1 Labs. They can enhance their chances of receiving
more rewards by completing various social tasks, such as following on X,
joining the Discord community, and discussing DEAI on X. Each action
accumulates points, increasing the likelihood of earning rewards.
The Community Program will officially kick off on July 3, 2024. To ensure fair
participation, snapshots of specific communities will be taken the day before
the announcement. This snapshot will determine eligibility, giving
participants limited time to engage in social activities and maximize rewards.
NATIX Token Launch and Listings
NATIX Network will launch its token, NATIX, on July 2. On the same day, major
crypto exchanges, including KuCoin and Gate.io, will list the NATIX token on
their respective platforms.
This launch is anticipated to provide significant opportunities for traders
and investors as it becomes available on prominent exchanges. NATIX is an
AI-powered dynamic map supercharged by the decentralized physical
infrastructure (DePIN) and driver community.
Read more: What Is DePIN (Decentralized Physical Infrastructure Networks)?
Etherfi Announces ETHFI Airdrop Season 3
Etherfi, a protocol offering liquid restaking services on the Ethereum
network, has recently announced details concerning its Season 2 ETHFI airdrop.
The schedule is as follows: the checker tool to verify eligibility for the
airdrop will become available on July 5, with the official claiming of
airdrops set for July 8.
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Additionally, there is exciting news for the upcoming Season 3. Etherfi has
committed to distributing 25 million ETHFI tokens. The allocation of these
tokens will be based on each community member s level of participation
and engagement.
Season 3 kicked off on July 1 and is expected to run until the beginning of
September. Following the end of the season, the airdrop distribution will take
place.
SUI and Other Major Token Unlocks
Ethena (ENA), the synthetic currency protocol on Ethereum, will unlock 14.89
million of its native token, ENA, dedicated to ecosystem development.
According to Token Unlocks data, these tokens represent 0.92% of ENA’s
circulating supply and are worth approximately $7.62 million at the time of
writing. ENA Token Unlocks. Source: token.unlocks
In addition to ENA, DYDX and SUI have also held token unlocks today at
midnight UTC. Read this article for further detailed information on major
crypto token unlocks this week.
zkSync Introduces Elastic Chain in 3.0 Roadmap
zkSync, an Ethereum layer-2 (L2) network, has introduced a new “Elastic
Chain feature in its latest zkSync 3.0 roadmap. The v24 upgrade
transforms zkSync into an Elastic chain from a single ZK chain. This Elastic
Chain comprises multiple chains within the zkSync ecosystem, offering users
the experience of using a single chain.
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Matter Labs, the team behind zkSync, describes the Elastic Chain as an
infinitely extensible network of ZK chains. These include rollups, validiums,
and volitions. They are secured by mathematical proofs and seamlessly
interoperable with a uniform, intuitive user experience.
In a June 29 announcement, the zkSync team promised to share more details on
how these ZK chains seamlessly work together this week. This new feature could
further enhance the network’s capabilities and user experience.
Read more: What Is zkSync?
Parcl’s Upcoming PRCL Staking Program
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Parcl, a real-world asset (RWA) tokenization protocol on the layer-1
blockchain Solana , will present its upcoming PRCL staking program this week.
Staking will effectively unlock all participation in the Parcl ecosystem,
including governance, existing and future protocol incentives, and Parcl Labs
Data API access.
Epochs are a fundamental principle of time for staking, with one epoch
equaling seven days. The first epoch will be announced shortly. PRCL Staking
Epoch. Source: Parcl
This week’s news in the crypto space highlights significant milestones and
potential market shifts. Investors and enthusiasts closely watch these events,
anticipating their impacts on the market dynamics.
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