These are the notable events happening in the cryptocurrency market this week.
January 20 – Gensler Resigns from SEC
As announced in the SEC’s November press release, Gary Gensler, Chairman of the Securities and Exchange Commission, will step down on January 20th. The crypto market will fondly remember him as the man who played the shadow game with regulatory clarity. Recently, a US Court demanded more clarity about why the SEC denied Coinbase’s request for crypto-specific regulations.
It remains to be seen who replaces him, but the popular candidates include current SEC Commissioner Hester Peirce, Mark Uyeda, a current SEC Commissioner, and finally, purported Trump Candidate Paul Atkins.
January 20 – AVA Foundation Airdrop
As announced by the AVA Foundation in an X (formerly Twitter) post on 15th January, the AVA Airdrop will begin on January 20
January 22 – ENA Unlock
Ethena (ENA) will unlock 12.86 million tokens, valued at approximately $11 million, representing 0.42% of its circulating supply.
January 23 – Initial Jobless Claims
The cryptocurrency markets reacted positively to last week’s lower-than-expected Core Consumer Price Index (CPI) reading despite the overall inflation picture showing an increase compared to previous readings. This week’s most notable economic data release is the Initial Jobless Claims report.
In earnest, lower claims indicate a strong job market, supporting the likelihood of fewer rate cuts in 2025. Conversely, higher-than-expected claims could signal job market weakness, increasing the chances of rate cuts.
January 24 – IMX Unlock
Immutable (IMX) is set to unlock 24.52 million tokens worth approximately $32 million, or approximately 1.43% of its circulating supply. The previous event was on December 27, with 87% of its tokens unlocked so far.
READ MORE: What’s Driving Solana’s Price as It Sets Two All-time Highs Within 48 Hours
