🚀 Base’s Next Big Move, Sonic Airdrop Frenzy, and TRUMP Token Unlocks: This Week’s Crypto Fireworks

Crypto never sleeps—here's what's igniting the markets this week.

Base Builds Momentum

Coinbase's Layer 2 chain drops hints about its 'next chapter'—will it be the Ethereum killer or just another VC playground?

Sonic's Airdrop Hits the Streets

Degens scramble as Sonic showers wallets with free tokens. Will it pump or dump? Place your bets.

TRUMP Tokens Break Free

A fresh batch of politically-charged memecoins hits the market. Because nothing says 'financial innovation' like mixing elections with leverage.

Stay sharp—bull markets breed FOMO, but bear markets separate the traders from the bagholders.

Coinbase To Announce Next Base Chapter

At the top of the crypto news list this week is Coinbase’s announcement of the next chapter of Base chain, its layer 2 blockchain running on the ethereum network. This follows a July 9 announcement from Coinbase Exchange.

A new chapter of @base starts next week.pic.twitter.com/WN6hTRI1ap

The announcement also raised speculation that Coinbase will progressively integrate decentralized exchanges (DEXs) on Base directly into the main app. This will mean no more hoops, and users will be positioned to benefit from the early momentum.

Meanwhile, community members anticipate major scalability, decentralization, and partnership updates.

The speculation aligns with what is expected to be crypto Week, which the US House of Representatives announced last week.

US House of Representatives announced July 14-18 as "Crypto Week"

The US Government is locked inhttps://t.co/X0ykImRIxo

Meanwhile, even as markets anticipate an announcement from Coinbase, the exchange is marred with controversy.

As BeInCrypto reported, Coinbase faces accusations of acting against Trump-linked World Liberty Financial and Binance.

Sonic’s AI-Powered product and S1 Airdrop Claims

On July 10, Sonic Labs co-founder Andre Cronje said the team WOULD announce a new product expected to enhance the user experience.

Next week in Korea, the Sonic team will announce a new native product that makes deploying applications on Sonic even easier using AI, led by @0xseg.

Now, anyone can easily deploy a new concept on Sonic and seamlessly leverage Sonic’s native tools like FeeM and the upcoming…

Meanwhile, the claim date for the Sonic Season one (S1) airdrop is set for Thursday, June 17.

Farmers are only allowed to redeem 25% of their S token allocations. The remaining 75% will be converted into NFTs and will vest daily for up to 270 days.

July 17

We're taking things to the next level.

Huma Finance to Open Huma 2.0

Elsewhere, and also featuring among the top crypto news this week, PlayFi network Huma Finance will open deposits for Huma 2.0 as part of its commitment to accelerating global payments with instant access to liquidity.

In a July 12 post, the Huma Finance network said in a post on X (Twitter) that it will give a 24-hour early access for select badge holders.

The wait is over, Huma 2.0 is opening for deposits again!
24-hour Early Access for OG and Vanguard (On track) badge holders

Allocation = 500k per wallet
Early access: July 13, 00:00 UTC / 8AM SGT
Public: July 14, 00:00 UTC / 8AM SGT

Mark your calendars! pic.twitter.com/ihxZeZC8kb

According to Jussy, an analyst and DeFi researcher, the public round, which opens today, will likely have a limited deposit.

Based on this, Jussy urges users to stake HUMA for early access. Notably, the deposit cap is set at $500,000 per wallet.

$881 Million TRUMP Unlocks

Another crypto news item to watch this week is the $881 million worth of TRUMP tokens due for unlocking on Friday, July 18. The 90 million TRUMP tokens comprise 45% of the circulating supply.

These 90 million TRUMP tokens will be allocated to creators and Trump-linked entities, such as CIC Digital. Should any recipients choose to sell TRUMP, the supply shock could cause the PolitiFi token’s price to crash.

This assumption also aligns with recent reports, which indicated that 90% of token unlocks drive asset prices down.

Trader Joe’s Token Mill V2 Release

Crypto markets must also watch for Trader Joe (now LFJ), which is releasing Token Mill V2, a bonding curve automated market Maker (AMM). Token Mill V2 is a new concept shaping up to be a real player in the sector, presenting a platform where users launch meme coins and share fees with holders.

.@token_mill V2 will promise 10x the pump and 10x the fun. pic.twitter.com/AURJj2RBd3

In addition to the above crypto news headlines, traders and investors should also watch for US economic signals, particularly the CPI (Consumer Price Index) on Tuesday, which could also inspire volatility in the market.