The crypto market is readying for massive crypto unlocks to be unfolded over this entire week. Particularly, Chainbase ($C), PumpFun ($PUMP), and Kernel ($KERNEL) are the earliest among token unlocks, taking place tomorrow. As the data from Phoenix Group discloses, the subsequent events include Starknet ($STRK), Sei ($SEI), Arbitrum ($ARB), STBL ($STBL), Aster ($ASTER), and zkSync ($ZK). The respective token unlocks denote millions of dollars in terms of value and have the potential to trigger significant volatility across notable DeFi ecosystems.
Chainbase ($C) is the top among the notable token unlocks of the week. In this respect, 5.80% of the project will be unlocked on the 14th of October. This takes into account 57.97 $C tokens, accounting for $6.93M in total. The next prominent token unlock is that of PumpFun ($PUMP), which is also scheduled for the 14th of this month. The token unlock will include 1.00% of the cumulative $PUMP supply, taking into account 10.00B $PUMP (nearly $42.91M).
Following that, Kernel ($KERNEL) will also conduct a notable token unlock of 4.07% of the total $KERNEL supply. This reportedly equals 40.75M $KERNEL tokens, accounting for a huge $7.04M in value. The next crucial name on the list is Starknet ($STRK), which is going to unlock 1.28% of its token supply on the 15th of October. This accounts for 127.60M $STRK tokens, up to $17.35M.
Subsequently, Sei ($SEI) is also going to conduct a token unlock of 0.95% of the cumulative supply. In this respect, on October 15, 95.15M $SEI tokens will be unlocked, equaling $22.13M. Additionally, Arbitrum ($ARB) will unlock 92.63M $ARB ($31.57M) on the 16th of October, denoting $31.57M cumulative value.
Moving on, Phoenix Group’s list of this week’s major token unlocks adds STBL ($STBL). The project will unlock approximately 2.31% of the token supply thereof on October 16, underscoring 231.25M $STBL ($32.28M). Apart from that, on October 17, Aster ($ASTER) will unlock 78.41M $ASTER ($119.96M), denoting 0.98% of the overall token supply. Ultimately, on the 19t of October, zkSync ($ZK) will unlock 0.83% of the entire $ZK supply, equaling 173.41M $ZK (almost $7.18M).


Lawmakers in the US House of Representatives and Senate met with cryptocurrency industry leaders in three separate roundtable events this week. Members of the US Congress met with key figures in the cryptocurrency industry to discuss issues and potential laws related to the establishment of a strategic Bitcoin reserve and a market structure.On Tuesday, a group of lawmakers that included Alaska Representative Nick Begich and Ohio Senator Bernie Moreno met with Strategy co-founder Michael Saylor and others in a roundtable event regarding the BITCOIN Act, a bill to establish a strategic Bitcoin (BTC) reserve. The discussion was hosted by the advocacy organization Digital Chamber and its affiliates, the Digital Power Network and Bitcoin Treasury Council.“Legislators and the executives at yesterday’s roundtable agree, there is a need [for] a Strategic Bitcoin Reserve law to ensure its longevity for America’s financial future,” Hailey Miller, director of government affairs and public policy at Digital Power Network, told Cointelegraph. “Most attendees are looking for next steps, which may mean including the SBR within the broader policy frameworks already advancing.“Read more
