We have come to the end of another week in the cryptocurrency market. Over the past week, the leading cryptocurrency Bitcoin (BTC) started the new week with a loss of approximately 3%. #Bitcoin
The cryptocurrency market is focusing on a number of important events that will occur this week. These developments, which may affect both the crypto world and the general economy, are being followed closely.
Here are the important developments that may affect the price movements of Bitcoin and altcoins this week, according to the latest economic data:
🚨 Important Developments This Week 🚨
Monday, October 16
• ProShares, Ethereum Futures ETF is planned to be launched.
ProShares is an issuer of exchange-traded funds, including inverse exchange-traded funds and similar products. Founded in 2006, ProShares is one of the largest issuers of exchange-traded funds in the United States. The company's assets under management exceeded $65 billion by the end of 2023.
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ProShares is known for launching the first Bitcoin ETF in the US. The company launched the ProShares Bitcoin Strategy ETF (BITO) in 2021. BITO was the first exchange-traded fund to track the spot Bitcoin price.
ProShares is planning the launch of the Ethereum Futures ETF (ETHE). ETHE will be an exchange-traded fund that tracks Ethereum futures.
The person behind ProShares is Michael Sapir. Sapir founded ProShares in 2006 and serves as the company's CEO. Sapir has over 40 years of experience in the financial industry.
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The launch of ProShares' Ethereum Futures ETF will provide a more accessible way to invest in Ethereum. ETHE will allow investors to benefit from Ethereum's price movements.
• $34.5 million worth of Uniswap (UNI) will be unlocked, representing 0.83% of the total supply.
• SSP Wallet launch of Flux (FLUX) will take place at 18.00. Security, simplicity and power all rolled into one in a browser wallet.
SSP Wallet is Flux's new and innovative wallet. It allows users to store, send and receive FLUX and other cryptocurrencies easily and securely. SSP Wallet also provides access to other applications and services in the Flux ecosystem.
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The SSP Wallet announcement is big news for the Flux community. The Flux team believes that SSP Wallet will grow the Flux ecosystem and attract more users to Flux.
He emphasizes that SSP Wallet focuses on security, simplicity and power. This means that SSP Wallet will be an easy-to-use and secure wallet for users.
Tuesday, October 17
• EOS (EOS) EVM v.0.6.0 will be launched.
• $6 million worth of The Graph (GRT) will be unlocked, corresponding to 0.73% of the total supply.
• $17 million worth of ApeCoin (APE) will be unlocked, representing 1.56% of the total supply.
• The next phase of Mina (MINA) Testworld Mission 2.0 will be launched.
• aelf (ELF) v1.6.0 upgrade will take place at 13.00.
Wednesday, October 18
• European Region Annual Inflation Rate (CPI) data will be announced at 12:00. (It is expected to be 4.3 percent, the previous rate was 5.2 percent.)
• USA Beige Book will be published at 21.00. (This report provides information about economic conditions.)
• Tesla earnings report will be announced.
• $12 million worth of Lido DAO (LDO) will be unlocked, corresponding to 0.79% of the total supply.
Thursday, October 19
• Fed Chairman Powell will give a speech at 19.00.
• Türkiye Gross Foreign Exchange Reserves data will be announced at 14.30. (The previous was $83.15 billion.)
• US Unemployment Benefit Applications data will be announced at 15.30. (It is expected to arrive at 213K, the previous one was 209K.)
• The US Federal Reserve (Fed) balance sheet will be announced at 23.30. (Previously it was $7.952 trillion.)
• yearn.finance (YFI) and YFI will be launched at 03.00.
andYFI is a voting escrow token for Yearn Finance. YFI allows holders to lock their tokens for a certain period of time in exchange for voting power and rewards. The longer you lock your YFI, the more voting power and rewards you will receive.
Gauge voting allows veYFI holders to vote on how Yearn Finance's rewards will be distributed. andYFI owners can vote on which pools they want to receive more rewards and how much they should receive.
Snapshot is a point in time from which Yearn Finance obtains a record of all veYFI holders and their voting power. To participate in the gauge vote, you must lock your veYFI before the snapshot.
dYFI (discount YFI) is a discount YFI token. It allows users to purchase YFI at a discount. dYFI can be converted to YFI at any time at a 1:1 ratio.
The best time to lock veYFI is before the October 12 snapshot. This will give you the most voting power and rewards you have.
In a nutshell, veYFI is a new token that allows Yearn Finance users to gain voting power and rewards. To participate in the Gauge vote and purchase dYFI, you must lock your dYFI before October 12th.
Friday, October 20
• $65 million worth of Axie Infinity (AXS) will be unlocked, representing 5.6% of the total supply.
Sunday, October 22
• S.S. worth 6 million dollars, corresponding to 8.5% of the total supply. Lazio Fan Token (LAZIO) will be unlocked.
These important developments may cause fluctuations in the cryptocurrency market and have an impact on the value of Bitcoin and other altcoins. Cryptocurrency investors and market followers can improve their trading strategies and shape their decisions accordingly by monitoring these developments closely.
Source: https://bitcosar.com/bitcoin-ve-altcoinleri-etkileyen-16-ekim/
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