Crypto Week Ahead: U.S. Jobs Report, Earnings and Major Token Events in Focus
Bitcoin opened the week hovering just below $63,000, with Friday’s U.S. employment report expected to be the key macro event that could determine whether the July recovery continues. However, developments related to Iran could also emerge as an important market catalyst in the days ahead.
A moderate increase in U.S. hiring may represent the most favorable outcome for risk assets such as cryptocurrencies. A softer labor market reading could reduce concerns about a sharp economic slowdown while avoiding pressure on the Federal Reserve to resume interest rate increases.
IG market analyst Tony Sycamore said a payroll increase of roughly 88,000 jobs, alongside an unchanged unemployment rate of 4.2%, would create a balanced “Goldilocks” scenario for investors.
Market participants will also keep an eye on the U.S. Treasury’s borrowing plans. JPMorgan strategist Jay Barry expects regular debt issuance to remain unchanged, limiting additional pressure on interest rates. However, larger-than-expected Treasury sales could increase financing costs for households and companies, potentially weighing on crypto and other risk assets.
Alongside macro developments, investors will track earnings reports from Circle, Galaxy, Block, and several bitcoin mining companies. Attention will also turn to BIP-110, a Bitcoin proposal designed to temporarily restrict non-financial data storage on the blockchain, as it enters its mandatory miner signaling phase.
The proposal currently has support from fewer than 3% of participants, making it unlikely to alter Bitcoin’s primary network. Instead, it could result in a smaller group of nodes moving to an alternative chain if adoption remains limited.
Upcoming Events to Watch
Crypto Developments
Aug. 3: Ctrl Wallet begins its shutdown process, disabling transfers, swaps, receiving functions, and dApp access while maintaining export-only functionality.
Around Aug. 7: BIP-110’s required miner signaling window is expected to begin at Bitcoin block 961,632.
Economic Calendar
Aug. 3, 10 a.m. ET: U.S. ISM Manufacturing PMI for July (previous: 53.3)
Aug. 4, 10 a.m. ET: U.S. JOLTS Job Openings report for June (previous: 7.594 million)
Aug. 5, 8:15 a.m. ET: ADP private payrolls report for July (previous: 98,000)
Aug. 5, 8:30 a.m. ET: U.S. Treasury quarterly refunding announcement
Aug. 5, 10 a.m. ET: U.S. ISM Services PMI for July (previous: 54)
Aug. 6, 5 a.m. ET: Eurozone retail sales data for June (previous: 1.6% year-over-year)
Aug. 6, 8:30 a.m. ET: U.S. initial jobless claims for the week ending Aug. 1 (previous: 197,000)
Aug. 7, 8:30 a.m. ET: U.S. July jobs report, including nonfarm payrolls (previous: 57,000), unemployment rate (previous: 4.2%), and average hourly earnings (previous: 0.3% month-over-month)
Aug. 8, 9:30 p.m. ET: China July inflation data, including CPI year-over-year (previous: 1.0%) and month-over-month (previous: -0.3%)
Corporate Earnings Schedule
Aug. 3: American Bitcoin (ABTC), before market open
Aug. 4: Hut 8 (HUT), before market open
Aug. 5:
- MercadoLibre (MELI), after market close
- Circle Internet Group (CRCL), before market open
- Galaxy Digital (GLXY), before market open
- Riot Platforms (RIOT), before market open
- Block (XYZ), after market close
- TeraWulf (WULF), before market open
Aug. 6:
- CleanSpark (CLSK), after market close
- MARA Holdings (MARA), after market close
Governance Votes
Several decentralized organizations will hold governance votes this week:
- Stake DAO is voting on extending SDGP-70 compensation to Arbitrum asdCRV LlamaLend borrowers affected by the May 27 vsdCRV oracle manipulation. Voting concludes Aug. 3.
- 1inch DAO is voting on the SEAL Safe Harbor Agreement, which would provide legal protections and up to $500,000 in rewards for ethical hackers recovering funds during exploits. Voting ends Aug. 3.
- Giveth DAO is considering an 8.5 million GIV allocation to continue staking rewards on Optimism and Gnosis Chain through February 2027. Voting closes Aug. 3.
- QuickSwap is deciding whether to keep the Old QUICK-to-New QUICK conversion process open permanently or introduce a six-month transition period. Voting ends Aug. 4.
- GoodDollar DAO is voting on creating its first Treasury Committee to manage budgets and member recruitment. Voting closes Aug. 5.
- Orbs is voting to establish the Orbs DAO, launch initial multisig wallets, and assign foundational authority. Voting ends Aug. 6.
Token Unlocks
Aug. 3:
- Bittensor (TAO): 2.3% of circulating supply unlocked, worth approximately $41.3 million.
- SUI: 0.6% of circulating supply unlocked, worth about $17.2 million.
Aug. 5:
- Succinct (PROVE): 116.7% of circulating supply unlocked, valued at around $39.3 million.
Aug. 7:
- Layer One X (L1X): 7.4% of circulating supply unlocked, worth approximately $146.9 million.
- JTO: 3.9% of circulating supply unlocked, valued at about $8.5 million.
Aug. 8:
- Stable (STABLE): 3.7% of circulating supply unlocked, worth roughly $30.3 million.
Token Launches and Exchange Updates
Aug. 3: Kayan will launch its KYN token generation event and begin trading on the Panoptes PBC ATS marketplace.
Aug. 7: Coinbase Prime will delist IDEX, Loopring (LRC), Omni Network (OMNI), Pirate Nation (PIRATE), and FIS.
