Key Events Next Week (June 29–July 5)
The coming week marks several critical regulatory and macroeconomic milestones for the cryptocurrency industry. The US Bureau of Labor Statistics will release June nonfarm payrolls data on Friday, a key metric likely to influence the Federal Reserve's interest rate decision and subsequently crypto asset valuations.
Meanwhile, the EU Markets in Crypto-Assets (MiCA) transitional period ends on June 30. All crypto asset service providers operating in the EU must now hold a full license; otherwise, they are required to cease or exit the market. Most platforms that have not yet completed compliance are expected to suspend services for EU residents.
On the regulatory front, Russia and the US state of Tennessee have enacted bans on cryptocurrency mining and Bitcoin ATMs, respectively. Russia's law prohibits private mining in certain regions starting this week, while Tennessee bans the operation of cryptocurrency ATMs within its jurisdiction.
In the hardware sector, Hikvision hard drives have seen price increases, likely tied to demand from decentralized storage networks. Polygon has announced the shutdown of its zkEVM Beta version in early July as the team pivots to a new iteration. Securitize, a tokenized securities platform, will list on the New York Stock Exchange, marking a milestone for compliant real-world asset (RWA) adoption. Finally, Donald Trump's campaign has opened its account for crypto donations, a potential market sentiment catalyst.