The crypto market this week is set to be busy with significant events that could impact both token prices and overall market sentiment.
AI Tokens and ChatGPT-5 Launch
AI-related tokens are back in the spotlight as the launch of ChatGPT-5 is expected in early August. This launch historically fuels interest in tokens linked to artificial intelligence and decentralized computing.
Updates from Sonic and Silo Finance
Sonic ($S) will hold its first major governance vote on institutional expansion. A successful vote could mark the beginning of Sonic’s broader adoption efforts, potentially attracting larger investors. Silo Finance ($SILO) is preparing to launch auto-leverage features in August, allowing users one-click access to leveraged yield strategies.
Bitcoin Market Events
Bitcoin ($BTC) traders are eyeing macro developments this week, with the U.S. set to raise tariffs on almost all countries on August 7. Global economic shifts like this can affect risk sentiment and may add volatility to the crypto market.
Given the events anticipated this week, traders should closely monitor any market changes that could affect prices and overall sentiment in the crypto industry.
