Top Crypto News This Week: FOMC’s Minutes, ETHFI Airdrop Season 3, and More

BE[IN]CRYPTO07-01 12:08

FOMC meeting minutes and job data could impact Bitcoin (BTC) and the broader crypto market. Zero1 Labs launches a new Community Program to engage crypto users and expand its AI network. Etherfi's ...

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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. 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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.\nInvestor 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.\nAnalysts believe these insights will significantly impact Bitcoin (BTC) and the broader crypto market. According to crypto analyst CrypNuevo, Bitcoin has shown preliminary signs of potential market movements.\nThey 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.\nCrypNuevo 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.\nBTC Price Performance. Source: X/CrypNuevo\n\n“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.\n\nZero1 Labs Reveals a New Community Program\nZero1 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.\nThe 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.\nCollaborating 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.\nParticipants 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.\nThe 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.\nNATIX Token Launch and Listings\nNATIX 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. \nThis 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.\nRead more: What Is DePIN (Decentralized Physical Infrastructure Networks)?\nEtherfi Announces ETHFI Airdrop Season 3\nEtherfi, 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.\nAdditionally, 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. \nSeason 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.\nSUI and Other Major Token Unlocks\nEthena (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.\nENA Token Unlocks. Source: token.unlocks\nIn 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.\nzkSync Introduces Elastic Chain in 3.0 Roadmap\nzkSync, 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.\nMatter 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.\nIn 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.\nRead more: What Is zkSync?\nParcl’s Upcoming PRCL Staking Program\nParcl, 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.\nEpochs are a fundamental principle of time for staking, with one epoch equaling seven days. The first epoch will be announced shortly.\nPRCL Staking Epoch. Source: Parcl\nThis 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.\n\n\n\n\nTop crypto platforms | June 2024\n\n\n\nSunContract\nExplore →\n\n\n\n\n\n\nExodus\nExplore →\n\n\n\n\n\n\nAlgosOne\nExplore →\n\n\n\n\n\n\nCoinrule\nExplore →\n\n\n\n\n\n\nСoinex\nExplore →\n\n\n\n\n\n\n\n\n\nTop crypto platforms | June 2024\n\n\nSunContract\n\n\n\n\n\n\n\n\nExodus\n\n\n\n\n\n\n\n\nAlgosOne\n\n\n\n\n\n\n\n\nCoinrule\n\n\n\n\n\n\n\n\nСoinex","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.24.2","shortVersion":"4.24.2","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2448277955"}