Yigit Taha OZTURK 
This week promises significant activity in the crypto market. With network upgrades and key economic data on the horizon, investors will closely watch for movements that could influence price trends.
On Monday, the Avalanche (AVAX) network will undergo the Etna upgrade, aiming to enhance network performance. Meanwhile, the FLOKI community is preparing for a much-anticipated marketing announcement. A key development is the ARB token unlock, with 93.65 million ARB tokens worth $91 million being released, potentially increasing selling pressure. Additionally, Ethena and BlackRock will share updates about their stablecoin, USDTb, while Cardano (ADA) will see the unlocking of 18.53 million tokens, valued at $20 million, raising concerns among ADA investors.
On Wednesday, economic reports and gaming partnerships will dominate the agenda. The Eurozone’s annual inflation rate will be announced, which could indirectly impact crypto markets. Another key event is the launch of Captain LaserHawk, a game developed by Ubisoft in collaboration with Arbitrum (ARB), potentially driving interest in ARB. However, the day’s highlight is the FED’s interest rate decision and subsequent statements from FED Chair Jerome Powell. Any rate adjustment or Powell’s comments could lead to volatility in Bitcoin and altcoins.
On Thursday, the focus shifts to the U.S. with the release of GDP figures. Any deviation from expectations could affect market sentiment. Additionally, Coinbase will delist Wrapped Bitcoin (WBTC), which might raise concerns for Bitcoin-linked projects. The LayerZero community will also hold a referendum to activate the fee switch feature, which could significantly impact ZRO token dynamics.
Finally, on Friday, the U.S. will release the Core Personal Consumption Expenditures (PCE) index, a key inflation metric. This data could influence how the FED adjusts its policies, potentially driving market volatility.
This week’s developments, including token unlocks for ARB and ADA, may increase selling pressure, while major economic data from the U.S. and FED decisions will shape overall market direction. On a positive note, partnerships like Ubisoft’s Arbitrum-based game might drive interest in specific tokens.
You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don’t forget to follow us on our Telegram, YouTube, and Twitter channels for the latest news and updates.