š Nvidia Earnings Explode, $10M HUMA Unlocks Shake Market: This Weekās Crypto Firestorm
Tech giant Nvidia just dropped earnings that sent shockwaves through crypto marketsāAI demand keeps fueling the digital asset inferno.
Massive Token Unlocks
Watch out for that $10 million HUMA unlock hitting the marketāget ready for some serious volatility as early investors cash out.
THORChain Goes Next-Level
The network's major upgrade goes live, slashing transaction times and boosting liquidityācross-chain swaps just got a whole lot smoother.
Regulators Still Playing Catch-Up
Meanwhile, traditional finance scrambles to keep paceābecause nothing says innovation like watching bureaucrats try to regulate internet money. Bullish? Absolutely.
Nvidia Q2 Earnings
AI crypto coin traders could witness market volatility this week, caused by anticipation for Nvidia earnings on Wednesday, August 27.
According to Bloomberg, Wall Street analysts expect Nvidia to report $1.01 in adjusted earnings per share in its fiscal second quarter (Q2).
This WOULD signify a 48% jump from the previous year, on revenue of more than $46 billion, up 54% from the same quarter a year ago.
āā¦Nvidia earnings arenāt just about one company ā theyāre about whether the AI cycle has the strengthā¦ā wrote Shay Boloor.
The second quarter report will be out after the market closes on Wednesday, making it a focal point for investors this week.
As the worldās top chipmaker by market cap, Nvidiaās results are a bellwether for the artificial intelligence boom, meaning impact on AI coins.
Nvidia earnings often drive AI-related crypto tokens like RNDR, FET, and AKT. Strong results fuel AI enthusiasm and speculative flows, while weak earnings risk dampens momentum across AI-linked crypto markets.
HeyAnon 1.0 Protocol Upgrade
Another crypto news item to watch this week is HeyAnon 1.0, one of the protocolās biggest upgrades so far. Daniele Sesta announced it would happen this month, making it a key watch this week in crypto.
āWe always wanted this: type the problem, get the solution executed. Thatās HeyAnon 1.0. The biggest leap in crypto is live at the end of this month,ā Daniele said in a recent post.
According to Daniele, it comes after months of work building the appās foundation. While Daniel did not explicitly indicate the date of launch, recent posts suggest it will happen this week.
If you tried Hey Anon before, try it again next week. It will blow your mind.
ā Daniele$10 Million HUMA Unlocks
HUMA token traders should also be alert, as Huma Finance plans to unlock $9.66 million in tokens on Tuesday, August 26.
Data on Tokenomist.ai shows the unlocks comprise 377.92 million HUMA tokens, accounting for 23.38% of its circulating supply.
With token unlocks often seen as bearish catalysts, HUMA traders should brace for impact. Meanwhile, Huma Finance recently indicated that the May HUMA presale participants will see their tokens unlock today, August 25, at 12 PM UTC.
Attention Huma OGs & JUP Stakers @jup_dao
If you participated the $HUMA presale in May, your tokens unlock on August 25th 12PM UTC.
Reminder: $HUMA presale was oversubscribed, make sure to withdraw your unused USDC.
Claim and Stake details belowpic.twitter.com/WSq3o5zChD
Notably, this pertains to tokens from the JUP stakers presale, which will be unlocked for claiming today. With HUMA trading for $0.02549 as of this writing, it is up by 3x relative to the presale price of $0.0075.
āA decent x3 from the presale, I believe there would be a massive pump after the claims,ā a user on X (Twitter) remarked.
Polygon CEO To Reveal Roadmap
Polygon CEO Sandeep Nailwal could also make headlines this week, with the crypto executive expected to hold an AMA session. The Ask Me Anything session will take place on Reddit.
The network recently revealed that Nailwal will answer all your questions on Polygon, addressing the technical roadmap and overall vision, among other subjects.
Next week, @sandeepnailwal, Founder & CEO of Polygon Foundation, will be doing an AMA on the r/CryptoCurrency subreddit.
He'll be answering all your questions on Polygon, from technical roadmap to overall vision and everything in between.
Drop your questions below. pic.twitter.com/XkY5wvAbrV
Revelations during the AMA could influence MATIC price, which was trading for $0.24 as of this writing, down by almost 1% in the last 24 hours.
THORChain Upgrade
RUNE traders should also watch for the THORChain upgrade, due on August 28, only three days away.
The next major THORChain upgrade drops next week on the 28th. Full breakdown coming soonpic.twitter.com/ITPwXjtsT2
It comes as the network runs three-week cycles, with new contracts hitting mainnet in every upgrade. The
The upgrade could inspire volatility for the RUNE token, which has been down by nearly 3% in the last 24 hours, to trade for $1.30 as of this writing.