Macroeconomic Data and Market Impact
The U.S. will release June nonfarm payroll data next week, a key indicator for the Federal Reserve's upcoming rate decisions. Markets are watching for signs of labor market cooling, which directly affects dollar liquidity and risk asset appetite. Meanwhile, the EU MiCA (Markets in Crypto-Assets) regulatory framework's transitional grace period officially ends on July 1. All crypto asset service providers operating in the EU must hold a full license or face service suspensions. Several small and mid-sized platforms have already announced halting European operations.
Regulatory Bans and Industry Events
Russia will ban cryptocurrency mining in certain regions starting July 1, along with a prohibition on crypto ATM operations. The U.S. state of Tennessee will also enforce a crypto ATM ban on the same date, restricting citizen access to platforms like Bakkt. On the hardware side, Hikvision has announced hard drive price hikes due to rising supply chain costs, affecting miner storage expenditures. Technically, Polygon's zkEVM Beta version will shut down on July 1, with full migration to the new CDK-based architecture. In finance, Securitize plans to list on the New York Stock Exchange, becoming the first tokenized asset issuance platform to list on a traditional exchange. Politically, former U.S. President Donald Trump's NFT account registration opens, likely sparking short-term market attention.