This Week in Crypto: FOMC Meeting Minutes, Etherfi's Airdrop Season 3 Launch, and More

The release of the Federal Open Market Committee (FOMC) meeting minutes, Etherfi's airdrop Season 3 launch, and several other significant developments are expected to influence the decentralized finance (DeFi) sector and the broader crypto industry.

This week in crypto: FOMC minutes, Etherfi airdrop Season 3, NATIX token launch

Major crypto events this week include the release of the Federal Open Market Committee (FOMC) meeting minutes, Etherfi’s airdrop Season 3 launch, and several other significant developments expected to influence the decentralized finance (DeFi) sector and the broader crypto industry.

Here's a summary of the key events and crypto news this week.

FOMC Meeting Minutes and Other Macro Data Releases

This week, the crypto market braces for several macroeconomic data releases, notably the FOMC meeting minutes and the non-farm payroll figures for June. Analysts expect 180,000 new jobs in June, keeping the unemployment rate at 4%, the highest since February 2022. May saw a gain of 272,000 jobs, initially boosting confidence about the economy despite signs of a slowdown.

Investor concerns about US economic momentum may grow with below-expectation numbers. June’s data revealed continuing unemployment claims at 1.84 million, a peak since November 2021, highlighting difficulties for job seekers. The focus will also be on the average hourly earnings growth, expected to decrease to a post-pandemic low of 3.9% year-on-year in June.

Analysts believe these insights will significantly impact Bitcoin (BTC) and the broader crypto market. According to crypto analyst CrypNuevo, Bitcoin has shown preliminary signs of potential market movements.

They observed two crucial liquidity areas of interest. The first is between $62,500 and $63,500, marking the primary short-term liquidity zone. The second area is around $67,100, regarded as a significant mid-term zone.

CrypNuevo also noted a notable issue in the opposite direction involving a long wick. They believe it will likely get filled to balance the open interest gaps.

“So I finally came up with this projection: Not necessarily for the week ahead, the time frame is more like 2-3 weeks. Impulsive moves up to liquidate high-leverage short positions and then drop back down to fill the 50% of the wick. Forming a potential accumulation range,” CrypNuevo wrote.

Zero1 Labs Reveals a New Community Program

Zero1 Labs, a decentralized AI solution, has announced a major activation for the Zero1 community. This initiative, involving over 25 prominent communities, aims to further decentralize its native token, DEAI.

The new Community Program seeks to foster greater engagement within crypto communities and expand Zero1 Labs into the largest AI crypto community. It delivers exclusive rewards to new supporters by forming strategic alliances with top community projects.

Collaborating with well-known communities, Zero1 Labs offers users a chance to claim a share of a $2 million DEAI prize pool. The protocol aims to reward both existing supporters and attract new participants eager to explore decentralized technology and AI.

Participants can earn rewards by engaging with the community and writing unique content about Zero1 Labs. They can enhance their chances of receiving more rewards by completing various social tasks, such as following on X, joining the Discord community, and discussing DEAI on X. Each action accumulates points, increasing the likelihood of earning rewards.

The Community Program will officially kick off on July 3, 2024. To ensure fair participation, snapshots of specific communities will be taken the day before the announcement. This snapshot will determine eligibility, giving participants limited time to engage in social activities and maximize rewards.

NATIX Token Launch and Listings

NATIX Network will launch its token, NATIX, on July 2. On the same day, major crypto exchanges, including KuCoin and Gate.io, will list the NATIX token on their respective platforms.

This launch is anticipated to provide significant opportunities for traders and investors as it becomes available on prominent exchanges. NATIX is an AI-powered dynamic map supercharged by the decentralized physical infrastructure (DePIN) and driver community.

Etherfi Announces ETHFI Airdrop Season 3

Etherfi, a protocol offering liquid restaking services on the Ethereum network, has recently announced details concerning its Season 2 ETHFI airdrop. The schedule is as follows: the checker tool to verify eligibility for the airdrop will become available on July 5, with the official claiming of airdrops set for July 8.

Additionally, there is exciting news for the upcoming Season 3. Etherfi has committed to distributing 25 million ETHFI tokens. The allocation of these tokens will be based on each community member’s level of participation and engagement.

Season 3 kicked off on July 1 and is expected to run until the beginning of September. Following the end of the season, the airdrop distribution will take place.

SUI and Other Major Token Unlocks

Ethena (ENA), the synthetic