Several events shape the trajectory of the crypto ecosystem and the coming week might see many unique updates in the market. While there are defined events already scheduled, others like the Cardano Chang Hard Fork are relatively undefined. The speed of Node 9.1.0 update will determine how fast this update will come to pass.
Top Crypto Events To Watch
As reported earlier, the Donald Trump and Elon Musk X interview is slated for August 11. This event is highly anticipated because of what its impact might be for the broader financial ecosystem. While not a core digital currency-focused Spaces, Donald Trump Jr hinted at a huge DeFi announcement last week. The former President and his children might take this medium to reveal their crypto project.
As mentioned earlier, the Cardano Chang hard fork update is dependent on the speed of update of the Node Version 9.1.0. As of the latest update from the Cardano Feed, this update is 79% complete. At this current pace, this might reach 100% this week. If achieved, it will set Cardano on a new Voltaire Era marked by community governance.
Beyond these likely crypto events, the now concluded lawsuit between Ripple Labs and US SEC might take a new twist. As revealed by top lawyers in the industry, the SEC might explore an appeal of some parts of the programmatic ruling. The markets regulator has 60 days from the time of the penalty ruling to file such appeal. However, the move might come as early as this week.
US Economic Trends To Watch
The American political system and monetary policies from the Federal Reserve generally impact the market. With experts projecting interest rate cut ahead, the market might record more volatile actions this week.
It remains uncertain what new surprises will trail the Kamala Harris and Donald Trump campaign this week. Whatever happens, key industry leaders are likely to watch out for the interest of the market. The call remains for regulators to encourage innovation, a demand both politicians might take advantage of this week.
The previous week saw a very troubling outflow from spot Bitcoin ETFs. In the coming week, the outflow might reverse, giving market observers enough to watch out for.
Read More: Will XRP Price Defend $0.5 Support If SEC Decides to Appeal?
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