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๐บ๐ธU.S. ECONOMIC DATA THIS WEEK: โข NY FED MANUFACTURING INDEX (MON.) โข RETAIL SALES (TUES.) โข BUILDING PERMITS (WED.) โข HOUSING STARTS (WED.) โข INDUSTRIAL PRODUCTION (WED.) โข JOBLESS CLAIMS (THURS.) โข PHILLY FED MANUFACTURING INDEX (THURS.)
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Crypto Watchlist for the week ahead: $ETH - Spot ETH ETF issues expect to get the final approval from the SEC next week $XDEFI - XDEFI Wallet will make a big rebrand announcement next week $ATOM - Cosmos's v18 upgrade will go live on July 17. This improves ATOM utility by allowing Cosmos Hub governance to decide which CosmWasm contracts can be deployed on Cosmos $CLOUD - The token of Sanctum is launching on Jupiter launchpad on July 16. Sanctum is the largest tokenless protocol on Solana $RDNT - Radiant is launching on Base this month. It will come with isolated lending, enabling the creation of markets for any memecoin $ARB - $66M worth of ARB will be unlocked on July 16. Most of it will go to its investors, advisors, and team
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#omni/usdt trading in a descending channel and bouncing off support๐โโ๏ธ Ichimoku cloud acting as resistance below channel topโ๏ธ Breakout above cloud and $13.34 resistance = bullish signal๐ $OMNI
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๐บ๐ธ The attempted assassination of Donald Trump occurred approximately 10 hours ago, and crypto markets had an immediate reaction. ๐BTC rebounded as high as $60.3K, a 10-day high ๐TRUMP surged +63% as the news broke Taking into account the serious matter of any assassination attempt of a public (or non-public) figure, as well as crypto's vastly different political stances, it is undeniable that a bullish bias has been visible around the 2024 US presidential candidate. As we near elections this fall, the cryptocurrency community has generally shown bullish responses toward pro-Trump news, due to his recent pro-crypto comments. It goes without saying that surviving an assassination attempt is perceived as pro-Trump news. Therefore, bullish responses have occurred as a result. Regardless of your political stance (or lack thereof), note how much these types of market reactions will continue on any notable US political news for at least the rest of 2024, especially in an always speculative-driven sector like cryptocurrency.
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Trending News ๐๏ธ Financing Weekly | 22 projects raised $150.9 million, with Partior taking the top spot ๐๏ธ Bankless: Why VCs are betting big on Crypto x AI ๐๏ธ Vitalik Buterinโs Vision for the Future of Ethereum ๐๏ธ Deutsche Bank Research Report: The Road to Institutional DeFi
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