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Welcome to another edition of our weekly newsletter, where we bring you the latest updates and insights from the world of cryptocurrencies.
As always, we have scoured the internet and our sources to provide you with a brief outlook for the upcoming week and a quick recap of the most noteworthy events from last week.
Outlook for This Week
Hey everyone,
Hope you’re all set for an exciting week in the world of crypto! Let’s dive into this week.
🚀 Ethereum ETFs – Retaining the Momentum
This week will be crucial for the crypto market as we see how the newly launched Ethereum ETFs are performing. Last week saw a significant surge in interest. Will this excitement last? Keep an eye on trading volumes and market sentiment to get a clearer picture.
📊 Tuesday – US Consumer Confidence and Job Openings
On Tuesday, we’ll get important updates from the US on consumer confidence and JOLTS job openings. These indicators give us a peek into the health of the US economy, which can have a ripple effect on the crypto market.
🗓️ Mid-Week Financial Updates
From Tuesday to Thursday, we have significant financial updates coming our way. Here’s a quick rundown:
* Tuesday: The Bank of Japan releases its monetary policy rate.
* Wednesday: Key updates include the BoJ’s outlook report, the US federal funds rate decision, and the FOMC press conference.
* Thursday: The Bank of England’s monetary policy report, official bank rate announcement, and US unemployment claims.
* Wednesday to Friday: US non-farm payroll data will be released.
While these traditional economic indicators have historically shown low correlation with the crypto market, the performance of the Ethereum ETFs this week will likely be a more crucial factor to watch.
Stay tuned for these key events, and let’s see how they shape the crypto landscape this week!
And there you have it! Keep these events on your radar and let’s see how the week unfolds. As always, I’ll be keeping a close eye on all the developments and share my thoughts with you.
Upcoming Token Unlocks
The unlocking of tokens brings previously locked tokens into circulation. As these events increase the supply of a token, they also affect its price.
Last Week’s Headlines
In case you missed it, here’s a quick recap of the most interesting events from last week. Join our free Telegram server to get daily summaries like this.
Spot Ethereum ETFs See Net Inflows
The launch of spot Ethereum ETFs saw significant investor interest, with net inflows totaling $106 million on the first day.
Spot Ether ETFs Hit $1 Billion in Trading Volume
Spot Ether ETFs achieved impressive trading volumes, reaching $1 billion in total transactions on their first day of trading.
Kraken Completes Mt. Gox Bitcoin Distribution
Kraken has successfully completed the distribution of Bitcoin to creditors from the Mt. Gox exchange, with creditors opting not to sell their received BTC.
Bitcoin Mainnet First Verified zk-Proof
The Bitcoin mainnet has implemented its first verified zero-knowledge proof, achieving this milestone without requiring any changes to the base layer of the blockchain.
That’s it for this week. As always, stay curious, stay informed, and stay invested.
Wish you all a good start into the week!
Cheers,
Stefan Erben
Co-Founder CryptoExplorer
Disclaimer: This newsletter is for educational purposes only and does not constitute financial advice or an offer to buy or sell assets. You must exercise caution and conduct your research before making any financial decisions.
