: Crypto Week Ahead

Crypto traders will hope the week offers a reprieve to months of geopolitical anxiety that has stifled risk assets following Sunday’s announcement of an interim peace deal between the U.S. and Iran.

Bitcoin climbed to nearly $66,000 on Monday, almost 3.5% above Friday’s level, while cryptocurrency-linked equities including Strategy (MSTR) and Galaxy (GLXY) advanced in pre-market trading.

There’s still a note of caution, though. A ceasefire in April fell apart, and U.S. strikes broke another truce last month, with crypto prices taking a hit.

Wednesday sees Kevin Warsh’s first interest-rate decision as Federal Reserve chair. The forecast is for no change in the current level.

The introduction of a fresh dot plot — which charts individual Fed policymakers’ interest-rate projections — combined with a shortened trading week due to Friday’s Juneteenth federal holiday, suggests liquidity will likely decline.

The week’s data calendar and the Fed’s guidance will ultimately determine whether crypto can capitalize on the apparent geopolitical tailwind and build a definitive recovery.

What to Watch

(All times ET)

• Crypto
  • June 15: The CFTC opens its 45-day formal public comment window following its Notice of Proposed Rulemaking targeting prediction markets.
  • June 16: Industry groups begin formatting formal responses to the U.S. House Ways and Means Committee following its major legislative hearing on digital asset tax proposals.
• Macro
  • June 15, 8:30 a.m.: U.S. Empire State Manufacturing Index for June est. 12.0 (Prev. 19.6)
  • June 17, 2 p.m.: U.S. Fed Interest-Rate Decision (FOMC) est. 3.50%–3.75% (Prev. 3.50%–3.75%)
  • June 18, 8:30 a.m.: U.S. Initial Jobless Claims for period ending June 13 est. 222K (Prev. 229K)
  • June 19: U.S. equity markets are closed in observance of the Juneteenth federal holiday
  • June 19: U.S., Iran to sign ceasefire agreement.
• Earnings

Token Events

• Governance Votes & Calls
  • Cratos is voting on extending the period in which users receive rewards for actions until July 31, having previously approved CIP-41, which extended the daily token reward limit under the current reward standard until June 30. Voting ends on June 18.
  • Rocket Pool is voting on rebalancing RPL inflation allocation to increase pDAO protocol funding during and after the Saturn 2 transition. Voting ends on June 19.
  • Orderly is voting on delisting eight tokens: BIRB, PAXG, SKY, SNX, AR, FIL, STBL, MYX. Voting ends on June 22.
• Unlocks
  • June 16: Arbitrum (ARB) to unlock 1.68% of its circulating supply worth $7.76 million.
  • June 20: Kaito (KAITO) to unlock 1.76% of its circulating supply worth $8.39 million.
• Token launches
  • June 15: C8ntinuum (CTM) to list on Bitmart.
  • June 17: Botchain (METAKPK) to list on Bitmart.

Conferences