Crypto Market Prepares for CPI Data and Token Unlocks
This week, the crypto market faces two important events:
1️⃣ US CPI Data Release (August 14, 2024): Inflation is expected to decline. If CPI stabilizes, it could lead to a rate cut in September, boosting asset prices.
2️⃣ Token Unlock: Over $230 million worth of tokens will be unlocked, including:
🟢 The Sandbox ($SAND): 9% of circulating supply.
🟢 Arbitrum ($ARB): A large amount of $ARB tokens.
📊 Other Developments:
🟢 MakerDAO's Spark Tokenization Competition: Starts August 12, accepting up to $1 billion in tokenized assets.
🟢 Ethena Labs Expansion: USDE on Solana, plans to use $SOL as collateral.
🔵 Impact: These events are expected to create price volatility and influence market trends.
🔗 Read More https://t.me/cryptoanalysisvn/1/1969
