The Sandbox

Starknet

Aptos

DeFi

Million

<p>This week, the crypto market is buzzing with several major events likely to influence its direction. Here is an overview of the most significant news and their potential impact.</p> 
<h2 id="h-crypto-les-evenements-marquants-de-la-semaine-du-12-aout-2024">Crypto: the major events of the week of August 12, 2024!</h2> 
<p>The crypto market is notoriously sensitive <a href="https://www.cointribune.com/en/crypto-traditional-finance-collapses-and-loses-2-trillion/" target="_blank" rel="noreferrer noopener">to economic and financial events</a>, which can have direct or indirect impacts on the prices of digital assets. Here is an overview of the most significant news and their potential impact.</p>
<div class="my-4">
 <div class="ads " data-page-type="" data-location="1"> 
 </div> 
</div> 
<ol> 
 <li>Publication of the US Consumer Price Index (CPI)</li> 
</ol> 
<p>The report on the Consumer Price Index (CPI) for July will be released on August 14, 2024. Analysts expect the data to confirm the disinflation trend observed in recent months. If the report shows low inflation, this could prompt the Federal Open Market Committee (FOMC) to reduce interest rates in September. Such a decision would increase market liquidity, which could lead to rising asset prices, including cryptos.</p> 
<ol start="2"> 
 <li>Unlocking of Crypto Tokens Worth $230 Million</li> 
</ol> 
<p>This week, <a href="https://www.cointribune.com/en/crypto-230-million-ready-to-flood-the-market-this-week/" target="_blank" rel="noreferrer noopener">crypto token unlocks</a> totaling over $230 million are scheduled. Among the projects involved are Aptos (APT), The Sandbox (SAND), and Starknet (STRK). Aptos will release 11.31 million APT tokens on August 12, while The Sandbox will unlock 205.59 million SAND tokens on August 14. Starknet, meanwhile, plans to release 64 million STRK tokens on August 15.</p> 
<div class="affiliate-button"> <a class="affiliate-button__link" href="https://bitvavo.com/fr/affiliate/coinmedia?a=_cta" target="_blank" rel="noreferrer noopener">€20 bonus for registering on Bitvavo</a> <a class="affiliate-button__disclaimer" href="https://www.cointribune.com/en/sponsored-content/" target="_blank" rel="noreferrer noopener">This link uses an affiliate program.</a> 
</div> 
<p>These unlocks may lead to increased volatility in the crypto market. When large quantities of tokens are released, it can increase the available supply, potentially driving prices down if demand doesn’t keep up. However, it can also offer buying opportunities for investors looking to enter the market at lower prices.</p> 
<h2 id="makerdao-s-spark-tokenization-grand-prix">MakerDAO’s Spark Tokenization Grand Prix</h2> 
<p>MakerDAO is launching its Spark Tokenization Grand Prix on August 12, 2024, aiming to integrate up to $1 billion in tokenized assets, primarily US Treasury bonds. This event highlights MakerDAO’s strategic efforts to strengthen its DeFi ecosystem. Successful integration of these assets could attract more institutional investors to the crypto market, thus increasing market confidence and stability.</p> 
<p>The crypto market has been extremely volatile lately, as evidenced by the recent <a href="https://www.cointribune.com/en/massive-liquidations-bitcoin-plunges-below-59000/" target="_blank" rel="noreferrer noopener">drop in Bitcoin below $59,000</a>. This week’s events could exacerbate this volatility, making caution essential for investors.</p>

Crypto Volatility: The Events to Watch Closely this Week!

Table of Contents

Cointribune EN

Other articles published on Aug 12, 2024

Bitcoin, Binance, Ethereum, Solana and Ripple: The biggest crypto news of the past week

Binance Hit with $86M Tax Demand by Indian Authorities Over GST Registration

Trump Family’s Crypto Project Sparks Stablecoin Rumors,Trump Jr. Teases a DeFi Platform to Challe...

Ronin Network Halts Operations After Whitehat Suspected $11.3M Exploit

Helium Price Soars 12%, Captures Market Spotlight

ZKX Protocol Closes, Triggering Over 50% Drop in ZKX Token Value

Join our free newsletter for daily crypto updates!