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Key events this week: JD Vance at Bitcoin Vegas, $ZRO’s launch, FTX payouts

The financial space looks to finalize May with notable volatility.

Bitcoin is trading at $109,000 after tariff threats from the US curtailed its recent surge to fresh all-time highs.

This article highlights key events that could influence crypto market movements this week.

Monday: top developments during Memorial Day

Cryptocurrencies displayed gains on Monday as the US stock market remained closed due to Memorial Day.

Meanwhile, the digital assets space braces for notable moves in 24 hours.

Firstly, Binance Launchpool will list a real-world token, HUMA, reflecting the exchange’s commitment to supporting the growing RWA tokenization industry.

Most importantly, the United States Senate will vote on the closely-watched GENIUS stablecoin bill, which promises to transform stablecoin regulation in the US.

The voting outcome will likely shake the markets, especially for dollar-tied assets like USD Coin and USDT.

Tuesday: BTC conference featuring the US vice president

The annual Bitcoin Conference will run from Tuesday to Thursday in Las Vegas.

The event will feature top figures in the crypto space, including CEOs and policymakers.

Notably, United States Vice President JD Vance, Ross Ulbricht, and Bitcoin evangelist Michael Saylor are among the high-profile speakers.

The VP’s presence underscores the increasing connection between US politics and cryptocurrency- a trend that Donald Trump began during the campaigns.

Possible discussions around Bitcoin policy, mining, and altcoin ETFs could influence sentiments.

Wednesday: LayerZero’s token debut, FOMC minutes release

Wednesday seems to be the most loaded day of the week.

First and foremost, LayerZero’s new signature validation feature, OneSig, will go live alongside the much-awaited ZRO token.

The airdrop has trended in the DeFi sector over the past few months, and its official debut could witness significant momentum or volatility.

LayerZero is a multichain interoperability protocol that supports any smart contract-compatible blockchain, including Ethereum, Avalanche, Optimism, and Arbitrum.  

Also, MultiversX will release its Andromeda upgrade on Wednesday to enhance scalability and user perks for EGLD investors.

Traders will watch for hints on upcoming rate decisions during the Fed FOMC meeting minutes on May 28, 6 PM (UTC).

Moreover, Nvidia’s post-market earnings report could influence AI tokens’ price actions.

Thursday: US GDP data report

Revised GDP data for the first quarter will reveal the current state of the US economy.

Analysts forecast a -0.3% contraction, which will likely pressure the Federal to ease its hawkish outlook sooner.

Such developments will likely impact risk assets as they influence investor appetite.

Friday: FTX payouts and US Core PCE

The defunct exchange will start its second phase of creditor repayments on May 30, returning billions of dollars to affected investors.

The disbursement might bolster market liquidity, depending on the recipients’ reactions.

They may hold, reinvest, or sell the returned assets.

On the macro front, the United States will release the Core PCE Index, which the Fed uses to gauge inflation.

Cooling inflation will likely trigger bullish sentiments across the cryptocurrency space.

The post Key events this week: JD Vance at Bitcoin Vegas, $ZRO’s launch, FTX payouts appeared first on Invezz

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