Cryptocurrency traders and investors have additional opportunities to anticipate specific ecosystem events from July 21 to July 26, with numerous headlines in this week's cryptocurrency news list.
Amid discussions about an upcoming altcoin season, the following events may provide useful information for investors seeking to leverage expected volatility.
Kaito Announcement
The AI-powered information platform Kaito indicates they are working on their launchpad, a potential starting point for new projects.
Kaito's founder, Yu Hu, also announced plans for the network to create an opinion capital market, named Opinions.fun. This product will provide a channel for polls, hot opinions, and debates.
The announcement remains unclear, but many predict it will be a launchpad, with Yu Hu hinting at Kaito's next chapter.
"Initial community offerings through a COMMUNITY-OWNED launchpad, the next chapter of Kaito begins here, details will be available soon," Yu Hu said in a recent post.
Trump's Bitcoin Reserve Funding Plan
Another cryptocurrency news that could change the market this week is Trump's report on cryptocurrency policy, expected to be released on July 22. The US government is also rumored to announce a BTC reserve funding plan.
This occurs just days after the successful Cryptocurrency Week, starting from July 14, which highlighted three important cryptocurrency bills: the GENIUS Act, the CLARITY Act, and the CBDC Surveillance Prevention Act.
BeInCrypto has reported on the passage of the GENIUS and CLARITY Acts, with the US President suggesting the first act was named after him.
As the market awaits the Bitcoin reserve funding plan, experts have expressed concerns about this project since the beginning of the year. It remains unclear whether taxpayers will fund this reserve, its scale, or if it will be used to pay US federal debt.
Sonic S1 Airdrop Portal Opens
Traders and investors will also be tracking the request portal for Sonic's first season airdrop, which opens. In a post on July 5, Sonic Labs provided a timeframe from July 15 to July 22.
Sonic Labs stated that the first season of the S airdrop will be distributed in two phases. The first phase is a 25% liquidation distribution. This means a quarter of participants' allocation can be immediately claimed for S liquidation tokens.
Secondly, the remaining 75% will be allocated over 270 days as tradable NFTs with early burning upon request.
This request follows the first airdrop season ending on June 18. Meanwhile, amid expectations, airdrop hunters are cautious about potential scams. Bad actors are likely to exploit the hype to deceive unsuspecting victims.
Sonic (S) Price Performance. Source: CoinGeckoSonic's S token is trading at $0.4097, increasing over 5% in the past 24 hours.
Optimism Superchain Upgrade
Another notable cryptocurrency news this week is the Optimism Superchain upgrade. On June 16, the Ethereum Layer-2 rollup launched Superchain as part of Season 8 initiative. This upgrade is part of the governance initiative.
"Superchain Upgrade 16 has just been approved by OP Governance and will launch next week," Optimism said on July 17.
The main components of this upgrade include smart contract changes to support the path to interoperability. It also includes enhanced decentralization and security to meet L2Beat's update criteria for chains maintained at Stage 1, including OP Mainnet, Base, Ink, and Unichain.
Additional improvements to the OP Stack include increasing the gas limit to 500 million gas per block. In a subsequent post on July 17, Optimism hinted at potential integration with Coinbase's Layer-2 chain, Base.
