As we head into the week starting August 10, significant economic indicators and earnings reports are poised to influence the cryptocurrency landscape.

The direction of the crypto markets is closely linked to whether the Federal Reserve can maintain its current interest-rate stance amid easing U.S. inflation. This week, the Consumer Price Index (CPI) data, scheduled for release on Wednesday, will be a crucial indicator. Analysts are keen to see if decreasing labor demand is beginning to offset persistent price pressures that exceed the Fed's inflation target.

Chris Turner and Francesco Pesole, strategists at ING, anticipate that if the Fed holds rates steady, it could foster a more favorable environment for various asset classes. They noted, “If we’re right on the Fed, the dollar should be due a benign decline into year-end in what should be a risk-positive climate.” However, a higher-than-expected CPI could disrupt this trajectory, pushing Treasury yields and the dollar back into focus for crypto traders.

Additionally, geopolitical tensions, particularly in the Middle East, may impact oil supply routes and, consequently, inflation expectations, potentially leading to increased anticipation of interest rate hikes.

Upcoming Events

(All times in ET)

  • Crypto Events
    • August 12: AI Financial Corporation will announce that approximately 6.9 billion WLFI tokens will be fully transferable.
    • August 14: Deadline for U.S. institutional investment managers to file their second-quarter Form 13F.
  • Macro Events
    • August 11, 12:30 a.m.: Royal Bank of Australia's interest rate decision, estimated at 4.35% (previously 4.35%).
    • August 11, 10:00 a.m.: U.S. existing home sales for July, estimated at 4.07 million (previously 4.09 million).
    • August 12, 08:30 a.m.: U.S. CPI YoY for July, estimated at 3.4% (previously 3.5%); MoM estimated at 0.1% (previously -0.4%).
    • August 13, 08:30 a.m.: U.S. PPI YoY for July (previously 5.5%); Core PPI MoM estimated at 0.1% (previously -0.3%).
    • August 13, 08:30 a.m.: U.S. Initial Jobless Claims for the week ending August 8, estimated at 198,000 (previously 199,000).
    • August 13, 08:30 a.m.: U.S. Continuing Jobless Claims for the week ending August 1 (previously 1.801 million).
    • August 14, 08:30 a.m.: U.S. Retail Sales MoM for July, estimated at 0.2% (previously 0.2%).
    • August 14, 10:00 a.m.: University of Michigan Consumer Sentiment Preliminary for August (previously 54.4); 1-Year Inflation Expectations (previously 4.2%).
    • August 16, 07:50 p.m.: Japan's GDP Growth Rate QoQ Preliminary for Q2, estimated at 0.5% (previously 0.5%).
  • Earnings Reports
    • August 10: Trump Media & Technology Group (DJT), post-market.
    • August 10: Bitdeer Technology Solutions (BTDR), pre-market, -$0.33.
    • August 10: Bakkt (BKKT), post-market, $0.03.
    • August 10: Keel Infrastructure Corp. (KEEL), pre-market.
    • August 10: Sarplink (SBET), pre-market, $0.01.
    • August 10: Exodus Movement (EXOD), post-market, -$0.07.
    • August 11: CoreWeave (CRWV), post-market, -$1.17.
    • August 11: Etoro Group (ETOR), pre-market, $0.6.
    • August 12: Twenty One Capital (XXI).
    • August 12: Securitize (SECZ), post-market.
    • August 13: Gemini Space Station (GEMI), post-market, -$0.68.

Token Developments

  • Governance Votes
    • Lido DAO is voting to appoint Bryce Howarth as a director of the Lido Alliance BORG Foundation, replacing Adrian Cachinero Vasiljevic. Voting ends August 10.
    • QuickSwap is voting to temporarily increase the QuickSwap Foundation's share of protocol revenue from 30% to 80% for three months to support protocol expansion and product development. Voting ends August 10.
    • Seamless DAO is voting to wind down operations permanently and revoke all administrative control, transitioning to a dormant state. Voting ends August 11.
    • Decentraland DAO is voting on a non-binding poll regarding term limits for council members, suggesting a maximum of two consecutive two-year terms. Voting ends August 11.
    • GnosisDAO is voting to overhaul its governance structure, separating powers between a leadership service provider and an independent supervisory board, while implementing a 5% voting weight cap for decentralization compliance. Voting ends August 13.
    • Lazy Summer DAO is voting to grant guardian roles and set expiration parameters on HyperEVM, enabling emergency pause capabilities. Voting ends August 11.
  • Unlocks
    • August 12: Pump will unlock 1.75% of its circulating supply worth $18.93 million.
    • August 15: Connext (CONX) will unlock 1.43% of its circulating supply worth $11.47 million.
    • August 16: YZY will unlock 22.83% of its circulating supply worth $35.73 million.
  • Token Launches
    • August 12: AI Financial's 6.9 billion WLFI tokens will become fully transferable.

Conferences