With recent changes in the cryptocurrency market, analyst The DeFi Investor emphasizes projects to monitor in the coming week.
Crypto News This Week
Analyzing the market situation, several key projects are highlighted as focal points. HYPE and ETHFI are preparing to launch perpetual futures backed by Hyperliquid. Voting on Sonic's proposal to incorporate a US company and launch an S ETF will close on August 31.
Key Project Updates
It is expected that today Silo Finance's proposal to distribute 50% of its revenues as USDC to xSILO holders will be approved. Additionally, on August 27, NVIDIA's earnings report could influence AI-related projects. Daniele Sesta announced the release of a significant upgrade, HeyAnon 1.0, for ANON next week.
Upcoming Events in Crypto
Some noteworthy upcoming events include the unlocking of 21% of HUMA's circulating supply on August 26 and the anticipated announcement of the Linea airdrop verification tool next week. Furthermore, according to Reuters, China is considering approving yuan-backed stablecoins this month.
In the current cryptocurrency market conditions, it is crucial to stay updated on key developments and events that may impact the price movements of various tokens in the near future.
