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5 Events To Shake Crypto Markets This Week
Crypto markets are closely monitoring key US economic data this week to assess the health of the nation’s economy. As February commences, critical labor market reports — closely watched by the Federal Reserve—are on the calendar.
Given the potential impact on portfolios, traders may adjust their strategies around these upcoming events.
ISM Manufacturing
The Institute of Supply Management (ISM) will release the January ISM Manufacturing data on Monday, February 2, marking the first business day of the month. This nationwide survey of purchasing managers at manufacturing firms is widely viewed as a critical gauge of the US economy’s health.
The previous ISM manufacturing index was 49.3, with a consensus forecast of 50.0 for January. Readings above 50 indicate expansion, with the positive data boosting investor confidence in the economy’s strength. This could lead to increased risk appetite in the market.
If the ISM manufacturing index falls below the consensus of 50.0, it would suggest a contraction in the manufacturing sector. This could lead to concerns about the economy’s overall health and potentially negatively impact investor sentiment.
As a result, Bitcoin and other risk assets may experience increased volatility and downward pressure as investors seek safer assets during economic uncertainty.
“If ISM Manufacturing PMI rises, US stocks and the dollar strengthen, while crypto may drop due to tighter monetary policy expectations. If it falls, stocks can weaken, IHSG may be pressured by global sentiment, and crypto can go up or down based on risk sentiment and liquidity,” a user on X commented.
Job Openings
On Tuesday, February 4, the US Bureau of Labor Statistics (BLS) will release the December Job Openings and Labor Turnover Survey (JOLTS). The publication will provide data about the change in the number of job openings in that month and the number of layoffs and quits.
The data provides valuable insights regarding the supply-demand dynamics in the labor market, a key factor affecting salaries and inflation. In hindsight, the JOLTs survey showed that openings rose in November to 8.1 million.
Now, the consensus is also 8.1 million in December. Suppose the JOLTS data for December shows that job openings have increased as per the consensus forecast of 8.1 million or remain stable at that level; in that case, it indicates a strong labor market with ample opportunities for job seekers.
This positive economic indicator could improve consumer confidence, increased spending, and economic growth. In such a scenario, Bitcoin and other risk assets may benefit as investors anticipate a stronger economy and potential inflationary pressures.
Of note is that the state of the labor market is a key factor for Fed officials when setting policy. Therefore, if the data shows unexpected weakness, it could prompt a more dovish stance from the Fed. This could lead to lower interest rates or other accommodative measures.
Conversely, strong labor market data could push the Fed towards a more hawkish stance, possibly resulting in tighter monetary policy.
ADP Employment
The ADP Employment Change, released by Automatic Data Processing Inc., measures changes in private-sector employment in the US. An increase in this indicator typically suggests stronger consumer spending and supports economic growth. As a result, a high reading is generally bullish, while a low reading is considered bearish.
Wednesday’s ADP Employment Change report is an early indicator ahead of Friday’s official jobs data. Following December’s modest figures of 122,000, analysts are closely monitoring for signs of a slowing labor market.
A weaker-than-expected report could lift markets on hopes of Federal Reserve easing. At the same time, a stronger-than-expected result might trigger short-term volatility as traders adjust expectations for rate cuts.
“With earnings from tech giants and key economic data like ADP employment and ISM reports, this week could be a major inflection point for both equities and macro trends. Expect high volatility,” a crypto analyst on X observed.
Initial Jobless Claims
On Thursday, February 6, the weekly jobless claims will also shed light on the health of the US labor market. The previous initial jobless claims data came in at 207,000 for the week ending January 25. The median forecast is 213,000 for last week.
Meanwhile, weekly unemployment claims have been falling steadily for several weeks after hitting their highest level in October of more than over. Nevertheless, US initial jobless claims declined, continuing the rise in jobless claims.
This points to an environment where employers try to retain their employees for as long as possible. However, employees who lose their jobs find it difficult to get a new job.
“Thursday’s release of Initial Jobless Claims will provide an early indication of the labor market’s health, particularly in response to any economic headwinds. This metric is critical for gauging short-term shifts in employment and consumer confidence. The day also spotlights a broad spectrum of stocks,” Markets Today indicated.
US Employment
The January employment report is due on Friday, February 7. It is expected to sum up US economic data on the labor market for the last month. Economists expect January’s employment report will show payrolls dropped to 175,000 after recording 256,000 in December.
The Friday data will come after core personal consumption expenditures (PCE) prices rose to 2.6% in December. This PCE inflation rate met expectations of the Dow Jones economic estimate, while the Fed’s target inflation goal remains 2%.
Ahead of these US economic data, BTC is trading at $93,895, a 6.31% drop since Monday’s session opened.
Disclaimer
In adherence to the Trust Project guidelines, BeInCrypto is committed to unbiased, transparent reporting. This news article aims to provide accurate, timely information. However, readers are advised to verify facts independently and consult with a professional before making any decisions based on this content. Please note that our Terms and Conditions, Privacy Policy, and Disclaimers have been updated.
According to a new report from Pine Analytics, token deployers on Pump.fun systematically funded sniper wallets to buy their own meme coins. This impacted over 15,000 token launches on the platform.
These sniper wallets operated primarily during US trading hours, executing standardized, profitable strategies. Unrelated bot activity obscures their behavior, making it extremely difficult to isolate these wallets—and they can readily adapt to new countermeasures.
Snipers Roam Free on Pump.fun Meme Coins
Pump.fun has remained one of the most popular meme coin launchpads on Solana despite persistent controversies and other criticism.
However, Pine Analytics’ new report has uncovered a new controversy, discovering systematic market manipulation on the platform. These snipes include as much as 1.75% of all launch activity on Pump.fun.
“Our analysis reveals that this tactic is not rare or fringe — over the past month alone, more than 15,000 SOL in realized profit was extracted through this method, across 15,000+ launches involving 4,600+ sniper wallets and 10,400+ deployers. These wallets demonstrate unusually high success rates (87% of snipes were profitable), clean exits, and structured operational patterns,” it claimed.
Solana meme coin deployers on Pump.fun follow a consistent pattern. They fund one or more sniper wallets and grant them advance notice of upcoming token launches.
Those wallets purchase tokens in the very first block and then liquidate almost immediately—85% within five minutes and 90% in just one or two swap events.
Pump.fun meme coin developers exploit this tactic to create the appearance of immediate demand for their tokens. Retail investors, unaware of the prior sell‑off, often purchase these tokens after the snipe, giving developers an unfair advantage. This constitutes market manipulation and erodes trust in the platform.
Pine Analytics had to carefully calibrate its methods to identify genuine snipers. Apparently, 50% of meme coin launches on Pump.fun involve sniping, but most of this is probably bots using the “spray and pray” method.
However, by filtering out snipers with no direct links to developer wallets, the firm missed projects that covered their tracks through proxies and burners.
In other words, the meme coin community does not have adequate defenses against systematic abuse on Pump.fun. There are a few possible ways that the platform could flag repeat offenders and sketchy projects, but adaptive countermeasures could defeat them. This problem demands persistent and proactive action.
Unfortunately, it may be difficult to enact such policies. Meme coin sniping is so systematic that Pump.fun could only fight it with real commitment.
Analysts think that building an on-chain culture that rewards transparency over extraction is the best long-term solution. A shift like that would be truly seismic, and the meme coin sector might not survive it.
Disclaimer
In adherence to the Trust Project guidelines, BeInCrypto is committed to unbiased, transparent reporting. This news article aims to provide accurate, timely information. However, readers are advised to verify facts independently and consult with a professional before making any decisions based on this content. Please note that our Terms and Conditions, Privacy Policy, and Disclaimers have been updated.
Solana (SOL) continues to show strength across multiple fronts, maintaining a bullish structure on its Ichimoku Cloud chart while gaining momentum in key market metrics. The BBTrend indicator has turned higher again, signaling renewed buying pressure after a brief cooldown.
On-chain activity remains strong, with Solana leading all blockchains in DEX volume and dominating fee generation thanks to the explosive growth of meme coins and launchpad activity. With SOL now trading above a key resistance level, the path is open for further upside—though a loss of momentum could still trigger a retest of lower supports.
Solana Maintains Bullish Structure, but Momentum Faces Key Test
On Solana’s Ichimoku Cloud chart, the price is currently above the Kijun-sen (red base line) but has dipped below the Tenkan-sen (blue conversion line), signaling weakening short-term momentum.
The flattening Tenkan-sen and price behavior suggest possible consolidation or the early stages of a pullback. Still, with the price holding above the Kijun-sen, medium-term support remains intact.
The overall Ichimoku structure remains bullish, with a thick, rising cloud and leading span A well above span B—indicating strong underlying support.
If Solana finds support at the Kijun-sen and climbs back above the Tenkan-sen, the uptrend could regain strength; otherwise, a test of the cloud’s upper boundary may follow.
Meanwhile, Solana’s BBTrend is currently at 6, extending nearly ten days in positive territory after peaking at 17.5 on April 14. The recent increase from 4.26 to 6 suggests renewed bullish momentum following a brief cooldown.
BBTrend, or Bollinger Band Trend, tracks the strength of price movement based on Bollinger Band expansion.
Positive values like the current one point to an active uptrend, and if the BBTrend continues to rise, it could signal stronger momentum and potential for another upward move.
Solana Dominates DEX Volume and Fee Generation as Meme Coins Drive Ecosystem Growth
Solana has once again claimed the top spot among all chains in DEX volume, recording $15.15 billion over the past seven days. The combined total of Ethereum, BNB, Base, and Arbitrum reached $22.7 billion.
In the last 24 hours alone, Solana saw $1.67 billion in volume, largely fueled by its booming meme coin ecosystem and the ongoing launchpad battle between PumpFun and Raydium. Adding to this good momentum, Solana recently surpassed Ethereum in Staking Market Cap.
When it comes to application fees, Solana’s momentum is just as clear. Four of the top ten fee-generating apps over the past week—PumpFun, Jupiter, Jito, and Meteora—are Solana-focused.
Pump leads the pack with nearly $18 million in fees alone.
Solana Breaks Key Resistance as Uptrend Targets Higher Levels, but Risks Remain
Solana has finally broken above its key resistance at $136, flipping it into a new support level that was successfully tested just yesterday.
Its EMA lines remain aligned in a bullish setup, suggesting the uptrend is still intact.
If this momentum continues, SOL price could aim for the next resistance zones at $147 and $152—levels that, if breached, open the door to a potential move toward $179.
The current structure favors buyers, with higher lows and strong support reinforcing the trend.
However, if momentum fades, a retest of the $136 support is likely.
A breakdown below that level could shift sentiment, exposing Solana to deeper pullbacks toward $124 and even $112.
Disclaimer
In line with the Trust Project guidelines, this price analysis article is for informational purposes only and should not be considered financial or investment advice. BeInCrypto is committed to accurate, unbiased reporting, but market conditions are subject to change without notice. Always conduct your own research and consult with a professional before making any financial decisions. Please note that our Terms and Conditions, Privacy Policy, and Disclaimers have been updated.
According to a new report, 15 firms and individuals from the crypto industry donated more than $100,000 to President Trump’s Inauguration, totaling over $85 million.
Almost all of these companies apparently received direct or indirect benefits from Trump’s administration. This includes dropped legal proceedings, lucrative business partnerships, participation in Trump’s Crypto Summit, and more.
Crypto Industry Went All-In on Trump’s Inauguration
Since promising to bring friendlier regulations on the campaign trail, Donald Trump attracted a reputation as the Crypto President.
Trump’s Inauguration festivities included a “Crypto Ball,” and several prominent firms made donations for these events. Today, a report has compiled all crypto-related contributions of over $100,000, revealing some interesting facts.
Since taking office, President Trump and his family have been allegedly involved in prominent crypto controversies, and these donations may be linked to several of them.
For example, eight of the donors, Coinbase, Crypto.com, Uniswap, Yuga Labs, Kraken, Ripple, Robinhood, and Consensys, had SEC investigations or lawsuits against them closed since Trump’s term began.
The commission might have dropped its probe against these companies anyway due to its changing stance on crypto enforcement. However, being in the President’s good books likely helped the process.
Further Alleged Benefits for Donors
In other words, nearly half the firms that made donations to Trump’s Inauguration have seen their legal problems cleared up quickly. This isn’t the only regulation-related benefit they allegedly received.
Circle, for example, recently made an IPO after openly stating that Trump’s Presidency made it possible. Galaxy Digital received SEC approval for a major reorganization, a key step for a NASDAQ listing.
Other donors, such as Crypto.com and ONDO, got more direct financial partnerships with businesses associated with the Trump family.
Previously, Ripple’s CEO, Brad Garlinghouse, anticipated a crypto bull market under Trump. Also, XRP, Solana, and Cardano were all unexpectedly included in the US Crypto Reserve announcement.
All three of these companies made major donations to Trump’s Inauguration.
It seems that most of the firms involved got at least some sort of noticeable benefit from these donations. Donors like Multicoin and Paradigm received invitations to Trump’s Crypto Summit, while much more prominent groups like the Ethereum Foundation got snubbed.
Meanwhile, various industry KOLs and community members have already alleged major corruption in Trump’s crypto connections.
While some allegations might lack substantial proof, the crypto space has changed dramatically under the new administration, for both good and bad.
Disclaimer
In adherence to the Trust Project guidelines, BeInCrypto is committed to unbiased, transparent reporting. This news article aims to provide accurate, timely information. However, readers are advised to verify facts independently and consult with a professional before making any decisions based on this content. Please note that our Terms and Conditions, Privacy Policy, and Disclaimers have been updated.
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