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Political Undercurrents in Congress: The Cryptocurrency Bill Goes Separate Ways, September Showdown Imminent!
The U.S. Congress has quickly finalized a new agreement, accelerating the review of the cryptocurrency bill! After intense debates, the Senate and the White House have reached a consensus: the market structure bill and the stablecoin bill will not be merged and will be voted on independently.
Senator Tim Scott declared: "The market structure bill must be finalized by the end of September!"
This is a month later than the August deadline previously set by President Trump, indicating a significant delay. The White House is expected to introduce the bill before the August recess, convene the committee in early September, and hold a vote by the end of September.
Time is tight, and the task is heavy; this race for cryptocurrency legislation in Congress is just beginning!
Macro Outlook for Next Week: Non-Farm Payrolls Approaching, Trump Continues to 'Play' the Entire Market
Looking ahead to next week, everyone should closely monitor the U.S. PMI data and the non-farm payroll report, which will be released early on Thursday due to the holiday.
Here are the key points the market will focus on in the upcoming week:
Monday 21:45, U.S. June Chicago PMI
Monday 22:00, Atlanta Fed President Bostic speaks on the U.S. economic outlook
Tuesday 01:00, Chicago Fed President Goolsbee speaks
Tuesday 21:30, Federal Reserve Chairman Powell participates in a panel discussion
Tuesday 22:00, U.S. June ISM Manufacturing PMI, May JOLTs Job Openings, May Construction Spending MoM
Thursday 20:30, U.S. Initial Jobless Claims for the week ending June 21, June Unemployment Rate, June Seasonally Adjusted Non-Farm Payrolls, May Trade Balance
Thursday 21:45, U.S. June S&P Global Services PMI Final
Thursday 23:00, Atlanta Fed President Bostic speaks on U.S. monetary policy.
For the June non-farm payroll report, the market expects the unemployment rate to remain unchanged at 4.2%, and the number of jobs to decrease from the previous increase of 139,000 to 129,000.
SUI, ENA and other tokens will face significant unlock next week
SUI, ENA, OP and other tokens will experience a significant unlock next week, among which:
SUI will unlock approximately 44 million tokens on July 1 at 8 AM Beijing time, accounting for 1.3% of the current circulation, valued at approximately $122.8 million
ENA will unlock approximately 40.6 million tokens on July 2 at 3 PM Beijing time, accounting for 0.67% of the current circulation, valued at approximately $10.7 million
OP will unlock approximately 31.34 million tokens on June 30 at 8 AM Beijing time, accounting for 0.67% of the current circulation, valued at approximately $17.4 million
KMNO will unlock approximately 229 million tokens on June 30 at 8 PM Beijing time, accounting for 10.44% of the current circulation, valued at approximately $13.8 million
ACX will unlock approximately 100 million tokens on June 30 at 8 PM Beijing time, accounting for 22.61% of the current circulation, valued at approximately $13.5 million
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