FTX Payouts, U.S. Tariffs, Nonfarm Payrolls: Crypto Week Ahead

Market Activity - Market activity is expected to be influenced by the upcoming U.S. employment figures, with nonfarm payrolls projected to increase by 39,000, serving as a key indicator of economic health [1][3]. Crypto Industry - Creditors of the bankrupt crypto exchange FTX are set to receive a total of $1.6 billion as part of the third tranche of payouts under the bankruptcy plan, with the distribution facilitated through BitGo, Kraken, and Payoneer [1][2]. - PancakeSwap has announced the discontinuation of support for Polygon zkEVM liquidity pools and Perpetual V1 orderbook, requiring users to withdraw their funds by a specified deadline [2]. - Starknet is launching BTC staking on its mainnet, allowing wrapped BTC tokens to stake with a 25% consensus weight, while reducing the un-staking period to 7 days [2]. Economic Indicators - The U.S. is set to release various economic indicators, including the Dallas Fed Manufacturing Index and the JOLTS report, which will provide insights into job openings and labor market dynamics [2][3]. - The U.K. is expected to report its Q2 GDP growth rate, with year-over-year estimates at 1.2% and quarter-over-quarter estimates at 0.3% [2]. Upcoming Events - The U.S. Congress faces a deadline to pass the annual federal appropriations bill, which is crucial for government operations [2]. - New U.S. tariffs will take effect, imposing significant rates on various goods, including 100% on patented drugs without U.S. manufacturing [2].