Crypto traders and investors have another chance to front-run ecosystem-specific events between July 21 and 26, with multiple headlines in this week’s crypto news lineup.
Amid talk about an imminent altcoin season, the following events could provide useful insight for investors looking to capitalize on expected volatility.
Kaito Announcement
AI-powered information platform Kaito said it was working on its launchpad, a prospective jumping-off point for new projects.
Kaito founder, Yu Hu, also indicated plans for the network to power an opinion capital markets, christened Opinions.fun. This product will provide an avenue for opinion polls, hot takes, and debates.
It remains unknown what the announcement will be about, but the wager is on the launchpad, with Yu Hu teasing the next chapter of Kaito.
“Initial Community Offerings via a launchpad OWNED by the community next chapter of Kaito starts here more details soon,” Yu Hu said in a recent post.
Trump’s Bitcoin Reserve Funding Plan
Another crypto news item that could move markets this week is Trump’s report on crypto policy, due July 22. The US government is also rumored to release a BTC reserve funding plan.
It comes only days after the successful Crypto Week, which began on July 14 and spotlighted three key crypto bills: the GENIUS Act, the CLARITY Act, and the Anti-CBDC Surveillance State Act.
BeInCrypto reported the passing of the GENIUS and CLARITY Acts, with the US President teasing that the former was named after him.
As markets watch for the Bitcoin reserve funding plan, it is worth noting that experts have been worried about this venture since early in the year. It remains uncertain whether taxpayers will fund the reserve, how big it will be, or whether it will be used to pay off the US federal debt.
Sonic S1 Airdrop Claiming Portal Opens
Traders and investors will also be watching for the claiming portal of Sonic’s season 1 airdrop to open. In a July 5 post, Sonic Labs gave a window between July 15 and 22.
Sonic Labs said the first season of the S airdrop will be distributed in two phases. The first is a 25% liquidity distribution. This means a quarter of participants’ allocations are instantly claimable for liquid S tokens.
Secondly, the remaining 75% will be vested over 270 days as tradeable NFTs with early-claim burns.
The claim comes after the first season of the airdrop closed on June 18. Meanwhile, amid the anticipation, airdrop farmers watch for scams. Bad actors are likely to capitalize on the hype to take advantage of unsuspecting victims.
Sonic’s S token was trading for $0.4097, up by over 5% in the last 24 hours.
Optimism Superchain Upgrade
Another crypto news to watch this week is the Optimism Superchain upgrade. On June 16, the Ethereum Layer-2 rollup unleashed Superchain as part of its Season 8 initiative. The upgrade is part of a governance initiative.
“Superchain Upgrade 16 just passed OP Governance and will go live next week,” Optimism said on July 17.
Key components of this upgrade include smart contract changes to support the road to interoperability. It also includes increased decentralization and security to align with L2Beat’s updated criteria for chains to remain at Stage 1, including OP Mainnet, Base, Ink, and Unichain.
Additional improvements to the OP Stack include increased gas limits to 500m gas per block. In a follow-up post on July 17, Optimism hinted at a possible integration with Coinbase Layer-2 (L2) chain, Base.
Disclaimer
In adherence to the Trust Project guidelines, BeInCrypto is committed to unbiased, transparent reporting. This news article aims to provide accurate, timely information. However, readers are advised to verify facts independently and consult with a professional before making any decisions based on this content. Please note that our Terms and Conditions, Privacy Policy, and Disclaimers have been updated.
