This Week’s Crypto Market Preview: Fed Meeting Minutes Set for Release, SpaceX to Be Added to Nasdaq 100 Index

This week, the crypto market will focus on Federal Reserve meeting minutes, U.S. economic data, and several crypto industry events; macro conditions and on-chain dynamics may jointly influence digital asset trends. On the macro front, the Federal Reserve will release the minutes of its June FOMC meeting in the early hours of July 9 (Beijing time), and markets hope to use this to gauge the future interest rate path. Additionally, the U.S. ISM Services PMI, consumer inflation expectations, initial jobless claims, and China’s June CPI data will be released sequentially. On the industry side, SpaceX will officially be added to the Nasdaq 100 Index on July 7, becoming the fourth index constituent to hold Bitcoin, following Tesla, Strategy, and Mercado Libre. Data shows SpaceX currently holds approximately 18,712 BTC, and its inclusion in the index is expected to benefit from passive allocation demand from index funds. In addition, U.S. crypto miner American Bitcoin (ABTC) will resume trading after completing a 1-for-15 reverse stock split to avoid delisting by Nasdaq; Berachain will complete its PoL Next upgrade on July 7. In terms of on-chain governance, DAOs including ENS DAO, Frax DAO, Nexus Mutual DAO, and Arbitrum DAO will wrap up voting on multiple governance proposals this week. For token unlocks: Hyperliquid (HYPE) will unlock tokens equivalent to 0.2% of its circulating supply on July 6, worth approximately $30.39 million; RAIN will unlock ~7.64% of its circulating supply on July 11, valued at ~$787 million; PUMP will unlock ~29.12% of its circulating supply on July 12, worth ~$130 million. Beyond macro data, developments in the Russia-Ukraine conflict and the continued weakening of the Japanese yen also merit attention. Recently, Bitcoin has shown a strong negative correlation with the USD/JPY exchange rate, with yen depreciation often accompanying Bitcoin price rallies.