Crypto Market Events – Week in Focus (Feb 3- Feb 9) – Bankless Times

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President Trump’s decision to impose tariffs last week moved the crypto market in no small way. However, these are the most important news in the crypto market this week:
Kaspa (KAS) will release 172.01 million tokens, valued at around $22 million, which constitutes 0.67% of its current circulating supply.

XDC Network (XDC) will release around 841 million tokens on February 5th, which represents 5.36% of the tokens currently in circulation, valued at approximately US$85.9 million.

Ethena (ENA) will release about 7.93 million tokens on February 5, which represents 0.25% of its existing circulating supply. Valued at approximately US$5.3 million.

Spell (SPELL) will release approximately 1.31 billion tokens on February 6, comprising 0.84% of its current circulating supply, with a value of about $1.7 million.

Nonfarm payroll measures the number of workers in the U.S. except those who work in farming, private households, non-profits, sole proprietorships or self-employment, and active military service members.  The previous figure was 256K, and the forecast is 154k
The unemployment rate is the percentage of people in the labor force who are actively looking for work but not currently employed. The previous figure was 6.7,% and the forecast is 6.8%
Neon (NEON) is set to release approximately 53.91 million tokens on February 7. This represents 44.92% of its current circulating supply, valued at approximately US$16.5 million.

Hashflow (HFT) is set to release approximately 13.62 million tokens on February 7. This makes up 2.70% of its current circulating supply, with an estimated value of about $1.8 million.

Movement (MOVE) will unlock 50 million tokens, valued at approximately $37 million, representing 2.17% of its circulating supply.

READ MORE: Crypto Price Analysis–Toncoin (TON), Litecoin (LTC), Avalanche (AVAX)

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