Several crypto events this week are bound to make headlines, featuring among the top crypto news likely to inspire volatility in the market.
Spanning various ecosystems, the following weekly events offer forward-looking traders and investors a chance to adjust their portfolios accordingly.
Coinbase To Announce Next Base Chapter
At the top of the crypto news list this week is Coinbase’s announcement of the next chapter of Base chain, its layer 2 blockchain running on the Ethereum network. This follows a July 9 announcement from Coinbase Exchange.
The announcement also raised speculation that Coinbase will progressively integrate decentralized exchanges (DEXs) on Base directly into the main app. This will mean no more hoops, and users will be positioned to benefit from the early momentum.
Meanwhile, community members anticipate major scalability, decentralization, and partnership updates.
The speculation aligns with what is expected to be Crypto Week, which the US House of Representatives announced last week.
Meanwhile, even as markets anticipate an announcement from Coinbase, the exchange is marred with controversy.
As BeInCrypto reported, Coinbase faces accusations of acting against Trump-linked World Liberty Financial and Binance.
Sonic’s AI-Powered product and S1 Airdrop Claims
On July 10, Sonic Labs co-founder Andre Cronje said the team would announce a new product expected to enhance the user experience.
Meanwhile, the claim date for the Sonic Season one (S1) airdrop is set for Thursday, June 17.
Farmers are only allowed to redeem 25% of their S token allocations. The remaining 75% will be converted into NFTs and will vest daily for up to 270 days.
Huma Finance to Open Huma 2.0
Elsewhere, and also featuring among the top crypto news this week, PlayFi network Huma Finance will open deposits for Huma 2.0 as part of its commitment to accelerating global payments with instant access to liquidity.
In a July 12 post, the Huma Finance network said in a post on X (Twitter) that it will give a 24-hour early access for select badge holders.
According to Jussy, an analyst and DeFi researcher, the public round, which opens today, will likely have a limited deposit.
Based on this, Jussy urges users to stake HUMA for early access. Notably, the deposit cap is set at $500,000 per wallet.
$881 Million TRUMP Unlocks
Another crypto news item to watch this week is the $881 million worth of TRUMP tokens due for unlocking on Friday, July 18. The 90 million TRUMP tokens comprise 45% of the circulating supply.
These 90 million TRUMP tokens will be allocated to creators and Trump-linked entities, such as CIC Digital. Should any recipients choose to sell TRUMP, the supply shock could cause the PolitiFi token’s price to crash.
This assumption also aligns with recent reports, which indicated that 90% of token unlocks drive asset prices down.
Trader Joe’s Token Mill V2 Release
Crypto markets must also watch for Trader Joe (now LFJ), which is releasing Token Mill V2, a bonding curve automated market maker (AMM). Token Mill V2 is a new concept shaping up to be a real player in the sector, presenting a platform where users launch meme coins and share fees with holders.
In addition to the above crypto news headlines, traders and investors should also watch for US economic signals, particularly the CPI (Consumer Price Index) on Tuesday, which could also inspire volatility in the market.
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