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Starknet

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<p>This week, the crypto market is buzzing with several major events likely to influence its direction. Here’s an overview of the most notable news and their potential impact.</p> 
<h2 id="h-crypto-les-evenements-marquants-de-la-semaine-du-12-aout-2024">Crypto: The Key Events of the Week of August 12, 2024!</h2> 
<p>The crypto market is notoriously sensitive <a href="https://www.cointribune.com/en/crypto-traditional-finance-collapses-and-loses-2-trillion/" target="_blank" rel="noreferrer noopener">to economic and financial events</a>, which can have direct or indirect repercussions on the prices of digital assets. Here’s an overview of the most notable news and their potential impact.</p>
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 <li>Release of the U.S. Consumer Price Index (CPI)</li> 
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<p>The report on the Consumer Price Index (CPI) for July will be released on August 14, 2024. Analysts expect the data to confirm the disinflation trend observed in recent months. If the report shows low inflation, it could prompt the Federal Open Market Committee (FOMC) to lower interest rates in September. Such a decision would increase market liquidity, potentially driving up asset prices, including cryptos.</p> 
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 <li>Unlocking of Crypto Tokens Worth $230 Million</li> 
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<p>This week, <a href="https://www.cointribune.com/en/crypto-230-million-ready-to-flood-the-market-this-week/" target="_blank" rel="noreferrer noopener">crypto token unlocks</a> totaling more than $230 million are planned. Among the affected projects are Aptos (APT), The Sandbox (SAND), and Starknet (STRK). Aptos will release 11.31 million APT tokens on August 12, while The Sandbox will unlock 205.59 million SAND tokens on August 14. Starknet, on the other hand, plans to release 64 million STRK tokens on August 15.</p> 
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<p>These unlocks can lead to increased volatility in the crypto market. When large quantities of tokens are released, it can increase the available supply, potentially driving prices down if demand does not keep up. However, it can also offer buying opportunities for investors looking to enter the market at lower prices.</p> 
<h2 id="spark-tokenization-grand-prix-by-makerdao">Spark Tokenization Grand Prix by MakerDAO</h2> 
<p>MakerDAO is launching its Spark Tokenization Grand Prix on August 12, 2024, aiming to integrate up to $1 billion in tokenized assets, primarily U.S. Treasury bonds. This event highlights MakerDAO’s strategic efforts to strengthen its DeFi ecosystem. Successful integration of these assets could attract more institutional investors to the crypto market, thereby increasing market confidence and stability.</p> 
<p>The crypto market has been extremely volatile lately, as evidenced by the recent <a href="https://www.cointribune.com/en/massive-liquidations-bitcoin-plunges-below-59000/" target="_blank" rel="noreferrer noopener">plunge of Bitcoin below $59,000</a>. This week’s events could exacerbate this volatility, making caution essential for investors.</p>

Crypto Volatility: The Events to Watch Closely this Week!

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