These are famous encryption market events this week.
January 29th
Decision of FOMC Conference and Federal Reserve Price
At the Federal Open Market Committee (FOMC) meeting, the Fed determines the process of monetary policy by evaluating the economic situation, including inflation, employment, and GDP growth. An important result is to adjust the federal fund rate and affect economic borrowing costs. The prediction is 4.50 %.
Ethena (ENA) token lock release
Ethena, a digital currency platform of Ethereum, offers a replacement for conventional bank systems. It has a global savings tool called “Internet bonds”. ENA, a native token on the platform, enables the holder to participate in the governance decision on the protocol. On January 29, Esena released more than 12 million ENA tokens, which are currently worth $ 11 million, and their profits have been designated as the development of the ecosystem.
January 31st
Release of optimism (OP) token lock
OK of optimism is a layer 2 solution that improves transaction speed and reduces Ethereum fees. Use the OP token as an important governance tool.
This allows the token holder to vote for important proposals and form a network trajectory. On January 31, optimism will release 3134 million OP tokens. This allocation will benefit from core contributors and investors and play an important role in continuous development and governance of networks.
Release of core PCE price index
The market focuses on the PCE price index, which is a priority inflation gauge of the Fed. Recently, this index has shown a sustainable and slightly increased inflation rate.
This decrease in this scale means a decline in inflation pressure, supporting the market, and supporting loose monetary policy discussions. Conversely, the rise may be disadvantageous, and the Fed leads to continue a cautious approach to monetary policy.
February 1st
The lock of Sui Tokyo will be released
The SUI is a state-of-the-art layer-1 blockchain designed for high performance, emphasizing efficient network operations and enhancing security via stake proof consensus mechanism.
The platform native Sui Tokyo plays an important role in governance and gives the holder the authority to vote for proposals. On February 1, SUI will receive an important token release event to release tokens to Series A and B participants, community reserves, and tokens to Mysten Labs Treasury.
Zeta Chain (Zeta) token lock release
ZETACHAIN is a distributed blockchain platform that enables seamless interoperability between various blockchain networks. Supports cross -chain communication so that tokens and data can be efficiently transferred through the entire network such as Ethereum and BSC.
On February 1st, Zetachar will unlock about 45 million Zeta token. The release of these tokens is to support a variety of initiatives, including user growth pools, ecosystem growth funds, core contributors, advisory roles, and fluid incentives.
This strategic distribution aims to enhance the development of platforms and expand the user base.
DYDX (DYDX) token lock release
In early 2023, DYDX, a major distributed platform for permanent futures trading, revised the first token distribution strategy.
Updated Tokonomics has assigned 27.7 % of the total DYDX supply to initial investors, 26.1 %, 15.3 %, and 7.0 % to future potential employees and consultants.
Most DYDX tokens, which will be unlocked on February 1, will be distributed to founders and initial investors. The rest of the token of this unlock event supports continuous operation and growth initiatives for current and future employees.
Read more: Crypto Price Analysis -Solana (SOL), SUI (SUI), Ripple (XRP)