Critical Events for Crypto & Markets: June 29 – July 5
From June 29 to July 5, a series of impactful regulatory and economic events are set to shape the crypto and traditional finance landscape. The U.S. June nonfarm payrolls report will be released, providing key data for the Federal Reserve’s interest rate trajectory. Simultaneously, the MiCA transition grace period officially expires, forcing most unlicensed crypto platforms to cease operations within the EU.
On the regulatory front, Russia and the U.S. state of Tennessee are enforcing new bans on crypto mining and ATMs, further restricting mining activities and physical crypto transactions. In technology, Hikvision announces price hikes for hard drives, potentially affecting distributed storage and miner hardware costs. Polygon zkEVM Beta is shutting down, marking a significant shift in Layer 2 development.
In traditional markets, Securitize, a tokenized asset platform, is set to list on the New York Stock Exchange. Former President Trump’s official account opens for registration, potentially linked to his previous NFT and crypto projects. These events will unfold over the next week, and participants should keep a close eye on each deadline and the specific policy implementations.