From Jobs Numbers to Bitcoin Earnings: The Events That Could Shape Crypto Markets This Week

Crypto Week Ahead: Jobs Report, Earnings Season and Major Blockchain Events to Watch

Bitcoin entered the new week trading slightly below $63,000, with Friday’s U.S. employment report expected to be the biggest economic catalyst for determining whether the July recovery can continue. However, shifting developments around Iran could also play a larger role in influencing market sentiment.

A moderate slowdown in U.S. hiring could provide a favorable setup for cryptocurrencies and other risk assets. Such a result would ease fears of a weakening economy while keeping the Federal Reserve from becoming more likely to raise interest rates.

IG market analyst Tony Sycamore said a payroll gain of approximately 88,000 jobs, combined with an unchanged unemployment rate of 4.2%, would create a balanced “Goldilocks” scenario for investors.

Markets will also focus on the U.S. Treasury’s upcoming borrowing plans. JPMorgan strategist Jay Barry expects regular debt issuance to remain unchanged, limiting additional pressure on yields. However, larger-than-expected Treasury sales could push borrowing costs higher for businesses and consumers, potentially creating headwinds for crypto assets.

In addition to macroeconomic data, traders will monitor earnings reports from major crypto-related firms, including Circle, Galaxy, Block, and several bitcoin mining companies. Investors will also follow BIP-110, a Bitcoin proposal designed to temporarily restrict non-financial data storage on the network, as it enters its miner signaling phase.

With support currently below 3%, BIP-110 is unlikely to modify Bitcoin’s primary chain. Instead, if adoption remains limited, supporters may move to a smaller alternative network rather than changing Bitcoin’s main protocol.

Events to Monitor

Crypto Calendar

Aug. 3: Ctrl Wallet starts its wind-down process, disabling sending, receiving, swaps, and decentralized application access while allowing users to export their assets.

Around Aug. 7: BIP-110’s required miner signaling period begins at Bitcoin block 961,632.

Macro Events

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: U.S. ADP Employment Change 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 employment 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 CPI report, including annual inflation (previous: 1.0%) and monthly inflation (previous: -0.3%)

Corporate Earnings

Aug. 3: American Bitcoin (ABTC), before market open

Aug. 4: Hut 8 (HUT), before market open

Aug. 5:

• Circle Internet Group (CRCL), before market open
• Galaxy Digital (GLXY), before market open
• Riot Platforms (RIOT), before market open
• TeraWulf (WULF), before market open
• MercadoLibre (MELI), after market close
• Block (XYZ), after market close

Aug. 6:

• CleanSpark (CLSK), after market close
• MARA Holdings (MARA), after market close

Governance Updates

Several crypto protocols are scheduled for governance decisions:

• Stake DAO is voting on extending SDGP-70 compensation to Arbitrum asdCRV LlamaLend borrowers impacted by the May 27 vsdCRV oracle manipulation. Voting ends Aug. 3.
• 1inch DAO is voting on adopting the SEAL Safe Harbor Agreement, which would protect ethical hackers and provide rewards of up to $500,000 for recovering funds during exploits. Voting ends Aug. 3.
• Giveth DAO is considering an 8.5 million GIV token allocation to continue staking rewards on Optimism and Gnosis Chain through February 2027. Voting closes Aug. 3.
• QuickSwap is voting on whether to keep the Old QUICK-to-New QUICK conversion process open permanently or transition through a six-month phase-out period. Voting ends Aug. 4.
• GoodDollar DAO is proposing the creation of its first Treasury Committee to oversee financial planning and membership growth. Voting ends Aug. 5.
• Orbs is voting to establish the Orbs DAO, create initial multisig wallets, and assign key responsibilities to the organization. Voting ends Aug. 6.

Token Unlocks

Aug. 3:

• Bittensor (TAO): 2.3% of circulating supply unlocked, worth around $41.3 million.
• SUI: 0.6% of circulating supply unlocked, valued at approximately $17.2 million.

Aug. 5:

• Succinct (PROVE): 116.7% of circulating supply unlocked, worth about $39.3 million.

Aug. 7:

• Layer One X (L1X): 7.4% of circulating supply unlocked, valued at approximately $146.9 million.
• JTO: 3.9% of circulating supply unlocked, worth around $8.5 million.

Aug. 8:

• Stable (STABLE): 3.7% of circulating supply unlocked, valued at roughly $30.3 million.

Token Launches and Listings

Aug. 3: Kayan will begin its KYN token generation event and launch trading on the Panoptes PBC ATS marketplace.

Aug. 7: Coinbase Prime will delist IDEX, Loopring (LRC), Omni Network (OMNI), Pirate Nation (PIRATE), and FIS.