Bitcoin and altcoins are preparing for another busy week. From a macroeconomic perspective, a lot of data will be released in the US this week. In addition, US Fed officials and European Central Bank executives will make speeches. One of the biggest crypto stories last week was the explosion of trading volumes on Blur, the NFT marketplace that outpaced rival OpenSea. The real question was whether this activity would find a sustainable way forward. This week will also kick off ETHDenver with many key speakers and some key topics. Beyond that, some developments can be noted about former FTX CEO Sam Bankman-Fried.
Macroeconomic developments this week for Bitcoin and altcoins
Tomorrow, on the first day of the new week, data on core product orders in the US will be released. Then, pending home sales in the USA will be announced. FED Board Member Philip Jefferson will make a speech at around 18.30 Turkish time. At 20.00 Turkish time, the European Central Bank Board Member Philip Lane’s speech will be on the agenda.
On February 28, Tuesday, at 16.55 Turkish time, statements will be made on the “redbook” index of the USA. At 5:45 p.m., Chicago PMI data will be released, and at 6 p.m. data on consumer confidence will be released. On Wednesday, March 1, US production PMI will be released at 17.45 and US ISM PMI data will be released at 18.00. On Thursday, March 2nd, EU Core CPI data, ECB meeting minutes and US unemployment claims will be featured.
On Friday, March 3, FED’s Christopher Waller will give a speech. FED’s Logan will speak at 19:00, FOMC’s Bostis at 19:45 and FOMC’s Bowman at 23:00 on Friday. On the night that connects Friday to Saturday, Barkin from GOMC will give a speech.
Critical altcoin developments: What will happen?
On February 27, $5.3 million YGG tokens and $12.6 million Gelato tokens will be unlocked. On the same day, the Synthetix Network (SNX) network update will take place. On February 28, 7,281 Klaytn (KLAY) will be burned. On March 1st, 235 million HBAR will be unlocked.
Last week, NFT marketplace Blur’s trading volumes took the lead against rival OpenSea. Last month, Blur had a slight advantage over its rival, but took the lead with nearly four times higher trading volumes last week, according to data provided via Dune. According to data from The Block, Blur saw almost $1 billion in trading volume this month, compared to just $240 million for OpenSea. However, OpenSea continues to have about twice as many users. For this reason, it is among the issues that are wondered whether the Blur performance will continue this week. Because the popularity of Blur has positively affected NFT coins.
ETHDenver is starting
The flagship Ethereum conference ETHDenver kicks off this week. Following a hackathon, the main event will run from March 2 to March 5. Jesse Pollack, senior engineering director and head of protocol at Coinbase, will speak at the conference. Presumably, the exchange’s layer 2 project will focus on Base’s final testnet launch. Anthony Rose, Head of Engineering at ZkSync, will talk about zkEVMs, which are Ethereum-compatible, zero-knowledge proof-based layer 2 networks. Obol Labs will talk about distributed ledger technology that is slowly rolling out this year.
Former CEO of bitcoin and altcoin exchange FTX SBF to negotiate bail terms
Former FTX CEO Sam Bankman-Fried has asked the court to delay the deadline to propose bail terms amid an existing dispute. He wants the deadline to be postponed to March 3. The dispute arose when prosecutors urged the court to further restrict bail conditions regarding VPN use. Bankman-Fried requested more time to find a technologist to train the court. It will also make a proposal for new bail terms. Bankman-Fried is awaiting trial in October in the US District Court for the Southern District of New York. cryptocoin.com As we reported, last week when the court dismissed the indictment regarding the case, it faced four new charges, including bank fraud.
Contact us to be instantly informed about the last minute developments. twitter‘in, Facebookin and InstagramFollow and Telegram And YouTube join our channel!
Risk Disclosure: The articles and articles on Kriptokoin.com do not constitute investment advice. Bitcoin and cryptocurrencies are high-risk assets, and you should do your due diligence and do your own research before investing in these currencies. You can lose some or all of your money by investing in Bitcoin and cryptocurrencies. Remember that your transfers and transactions are at your own risk and any losses that may occur are your responsibility. Cryptokoin.com does not recommend buying or selling any cryptocurrencies or digital assets, nor is Kriptokoin.com an investment advisor. For this reason, Kriptokoin.com and the authors of the articles on the site cannot be held responsible for your investment decisions. Readers should do their own research before taking any action regarding the company, assets or services in this article.
Disclaimer: Advertisements on Kriptokoin.com are carried out through third-party advertising channels. In addition, Kriptokoin.com also includes sponsored articles and press releases on its site. For this reason, advertising links directed from Kriptokoin.com are on the site completely independent of Kriptokoin.com’s approval, and visits and pop-ups directed by advertising links are the responsibility of the user. The advertisements on Kriptokoin.com and the pages directed by the links in the sponsored articles do not bind Kriptokoin.com in any way.
Warning: Citing the news content of Kriptokoin.com and quoting by giving a link is subject to the permission of Kriptokoin.com. No content on the site can be copied, reproduced or published on any platform without permission. Legal action will be taken against those who use the code, design, text, graphics and all other content of Kriptokoin.com in violation of intellectual property law and relevant legislation.