These Must Be Watched in the Altcoin Market This Week

As the cryptocurrency market enters a new week, investors are focused on both major network updates and critical macroeconomic developments in the US. Crypto analyst The DeFi Investor has published a new watchlist of developments to closely monitor in the market in the coming days.

According to the analyst’s list, Bitcoin-focused privacy solutions and Layer-2 projects stand out, while the political and economic agenda in the US could also be decisive for the crypto market.

One of the standout developments on the list will take place within the Starknet ecosystem. The project is expected to launch “strkBTC,” a Bitcoin asset with built-in privacy features, on May 12th. This development is considered particularly significant in terms of expanding Bitcoin’s DeFi use cases.

On the other hand, Ethereum has confirmed that a new product announcement will be made soon. Market expectations suggest that the product to be announced may be related to stablecoins and yield-focused solutions.

MegaETH, a new generation of high-performance blockchain startups, is preparing to launch a new “all-in-one” crypto wallet this month.

On the macro front, investors are focused on critical political developments in the US. According to the analyst, the US Senate will vote on May 11th regarding Kevin Warsh’s appointment as the new Fed Chairman. It is thought that a potential change in Fed leadership could have an impact on interest rate policies and risky assets.

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Furthermore, the Ronin network is expected to migrate to an Ethereum Layer-2 network on May 12th. This development could usher in a new era for the network in terms of scalability and transaction costs.

On the DeFi side, Sushi will launch its futures trading platform “Perps v2” on May 11th.

In addition, the market will closely watch the vote on the CLARITY Act, scheduled to be debated in the US Senate Banking Committee on May 14.

Another point highlighted by the analyst was the planned meeting next week between US President Donald Trump and Chinese President Xi Jinping.

Finally, Azul, the first major standalone network update developed for the Base network, is expected to be rolled out on May 13th.

*This is not investment advice.

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