Greetings, traders! ๐
A macro-heavy week ahead: CPI, Fed Chair Warsh's first testimony, the CLARITY Act hearing, and major token unlocks. Here's what's moving markets.
All times in UTC for our global community.๐
๐ MONDAY, July 13
๐บ๐ธ 18:00 UTC - US Federal Budget Report
๐ Sei unlock - ~13.12M tokens (~$6.01M)
๐ TUESDAY, July 14 - CPI Day + Warsh Testifies ๐
๐บ๐ธ 12:30 UTC - US CPI (June)
Consensus: headline -0.1% MoM, core +0.2% MoM, headline +3.8% YoY. Hot print = stronger case for a Fed hike; soft print = relief for risk assets.
๐บ๐ธ 14:00 UTC - Fed Chair Kevin Warsh - House Financial Services Committee testimony. His first semiannual appearance before Congress. He has ruled out forward guidance, so markets will parse every word.
๐บ๐ธ 19:40 UTC - Fed Vice Chair for Supervision Barr speech
๐ Starknet unlock - ~32.40M tokens (~$14.20M)
๐ WEDNESDAY, July 15 - Data Tsunami
๐จ๐ณ 02:00 UTC - China GDP (Q2)
๐ช๐บ 09:00 UTC - EU Industrial Production
๐บ๐ธ 12:30 UTC - US PPI (June)
Pipeline inflation read - another key data point.
๐บ๐ธ 14:30 UTC - US Crude Oil Inventories
๐บ๐ธ 18:00 UTC - Fed Beige Book
Anecdotal economic summary from all 12 Fed districts, released ahead of the July 28โ29 FOMC meeting.
๐บ๐ธ 19:00 UTC - Fed Chair Kevin Warsh - Senate Banking Committee testimony
๐ THURSDAY, July 16
๐ฌ๐ง 06:00 UTC - UK GDP
๐บ๐ธ 12:30 UTC - US Retail Sales
Consensus: +0.3% MoM. This is the consumer health check.
๐บ๐ธ 12:30 UTC - Initial Jobless Claims (Weekly)
๐บ๐ธ 14:00 UTC - US Business Inventories
๐ Arbitrum unlock - ~92.65M tokens (~$8.87M)
๐ FRIDAY, July 17 - CLARITY Act Hearing ๐ฅ
๐ช๐บ 09:00 UTC - EU CPI (June Final)
๐บ๐ธ 12:30 UTC - US Housing Starts
๐บ๐ธ 13:15 UTC - US Industrial Production
๐บ๐ธ 15:00 UTC - Michigan Consumer Sentiment & Inflation Expectations (July Prelim)
๐ 08:00 UTC - Weekly BTC & ETH Options Expiry
๐ฅ ๐บ๐ธ CLARITY Act Field Hearing - House Financial Services Committee, NYC
Title: "Building the Future of Finance: How the CLARITY Act Unlocks Innovation." This is a field hearing, not a vote, but a major push to pressure the Senate before the August 7 recess. Polymarket currently prices passage odds at ~46.5%.
๐ Other unlocks this week: DeBridge - ~11.43% of supply (~$10.13M); YZY (~$6.13M); ZK (~$1.84M); SOLV (~$1.10M)
๐ SUNDAY, July 19
๐ Aptos unlock - ~11.31M tokens (~$7.15M)
โก๏ธ What XBTS DEX Is Watching This Week
1๏ธโฃ CPI + Warsh Testimony (Tue-Wed) - The CPI data lands Tuesday hours before Warsh's first House testimony. A hot CPI + hawkish Warsh = pressure on risk assets. Currently, traders price ~49% chance of a September rate hike.
2๏ธโฃ CLARITY Act Hearing (Fri) - Even though this isn't a vote, it's the most significant crypto regulatory event of the year. With the August 7 recess looming, this is the last real push before the window closes.
3๏ธโฃ Token Unlocks - Over $200M in new supply hits the market this week across SEI, STRK, ARB, APT, DBR, and others. Watch for volatility around these events.
4๏ธโฃ Geopolitical Risk - Renewed US-Iran tensions and risks around the Strait of Hormuz could inject volatility into oil prices.
Stay sharp. Trade smart ๐