Next week, the cryptocurrency market expects a series of significant happenings, including delistings on Binance, the release of macroeconomic data, and network updates.
Binance Delistings and Inflation Data
On Monday, Binance is set to delist the futures contract for BSW, marking the start of a series of key events. On Wednesday, BAKE, HIFI, and SLF coin pairs will also be removed from the platform. That same day, at 12:00 PM, the annual inflation data for the Eurozone will be released, expected at 2.1%, matching the previous figures.
Fed Decision and Tezos Update
On Wednesday evening at 9:00 PM, the U.S. Federal Reserve is anticipated to announce a crucial interest rate decision. A cut of 25 basis points is expected, pulling the rate down to 4.25%. Following this announcement, Fed Chair Jerome Powell will address the public at 9:30 PM for further insights. Concluding the week’s events, Friday will see the launch of the Seoul mainnet for Tezos, representing a significant upgrade for the network.
Upcoming Coin Lock Releases
Throughout the coming week, substantial coin lock releases are scheduled for several altcoins. On Monday, approximately 128 million STRK coins will be unlocked, representing 1.28% of the total supply, valued at $17.3 million. On Tuesday, 94 million ARB coins will be released, with a total value of around $50 million. Wednesday marks two significant lock openings, with APE releasing 15.5 million coins worth $10 million and ZK introducing 173 million coins valued at $11 million into circulation. Saturday will feature releases in three separate projects: KAITO will unlock 8.5 million coins (worth $10 million), LISTA will release 36.5 million coins (worth $10 million), and ZRO will unveil 25 million coins (worth $50 million). As the week closes, Sunday will see the opening of locks for 240 million PLUME coins, with a total value of $32 million.
Next week, the cryptocurrency market is set to undergo a series of changes that could significantly impact its dynamics.
