Here are the key events to watch for the week starting October 12.
"Crypto Week Ahead" summarizes upcoming events in the cryptocurrency and blockchain space, as well as major macroeconomic events that will impact the digital assets market.
Before the Federal Reserve's October meeting, this week's U.S. inflation data will test the interest rate outlook. Investors currently expect the Fed to hold rates steady and raise rates in December.
Third-quarter bank earnings reports will reflect lending, trading activity, and investor demand from another perspective.
In the crypto space, Ethereum developers will discuss the upcoming upgrade, and Singapore’s stablecoin consultation will also come to a close.
Things to pay attention to
(All times below are Eastern Time unless otherwise stated)
Cryptocurrency
- October 15: The USDG proposal by ArbitrumDAO is expected to enter the off-chain voting phase, with voting open until October 22.
- October 15 at 10:00 AM: Ethereum developers will hold the 189th All Core Devs Consensus call to discuss Glamsterdam and Hegotá.
- October 16: In accordance with the approved phased shutdown plan under the agreement, the Balancer partner has requested an extension of the specific v3 pool until the deadline of November 30.
- October 16 at 11:59 AM: The Monetary Authority of Singapore’s consultation on stablecoin regulation ends.
Macro
- October 12: The U.S. bond market is closed for Columbus Day; the stock market remains open as usual.
- October 13 at 9:30 PM: China’s September CPI year-over-year estimate is 1.0% (previous value: 0.8%); PPI year-over-year estimate is 4.5% (previous value: 3.8%).
- October 14 at 8:30 AM: The U.S. September CPI month-over-month estimate is 0.6% (previous value: 0.4%); the year-over-year CPI estimate is 3.6% (previous value: 3.4%).
- October 14 at 8:30 AM ET: The U.S. September core CPI is forecast at 0.2% month-over-month (previous: 0.3%); core CPI year-over-year is forecast at 2.5% (previous: 2.4%).
- October 15 at 2:00 AM: The UK's August GDP monthly estimate is -0.1% (previous value: 0.4%).
- October 15 at 8:30 AM: The U.S. September PPI monthly estimate is 0.5% (previous value: 0.4%); the PPI annual estimate is 5.3% (previous value: 5.4%).
- October 15 at 8:30 AM ET: The U.S. September core PPI is forecasted at 0.3% month-over-month (previous: 0.2%); core PPI year-over-year is forecasted at 4.4% (previous: 4.6%).
- October 15 at 8:30 AM: The U.S. September retail sales month-over-month estimate is 0.3% (previous value: 1.2%).
- October 15 at 8:30 AM: The estimated number of initial claims for unemployment benefits in the week ending October 10 was 195,000 (previous value: 197,000); the number of continuing claims for unemployment benefits in the week ending October 3 was 1.716 million (only the previous value was listed in the original text).
- October 15 at 11:30 PM: Federal Reserve Chair Kevin Warsh will engage in a conversation with IMF Managing Director Kristalina Georgieva.
- October 16 at 5:00 AM: The final estimate for the Eurozone's September CPI year-over-year is 3.8% (previous value: 3.2%).
Financial report
- October 14: BlackRock (BLK), pre-market, estimated earnings per share of $14.24.
- October 15: BNY Mellon (BNY), pre-market, estimated earnings per share of $2.27.
Token events
Governance voting and conference calls
- Balancer is voting on an independent, self-funded fork proposal, with voting ending on October 13.
- Compound is voting on a proposal to withdraw and bridge its wETH reserves from the discontinued Ronin market to the mainnet; the vote ends on October 13.
- Gitcoin is voting to lower its Snapshot quorum threshold from 2.5 million GTC to 1.5 million GTC, reducing the voting power required for a proposal to pass; voting ends on October 15.
Unlock
- October 15: Starknet (STRK, $0.1038) will unlock 3.37% of its circulating supply, valued at approximately $13.2 million.
- October 15: Connex (CONX) will unlock 1.39% of its circulating supply, valued at $12.18 million.
- October 16: Arbitrum (ARB) will unlock 1.56% of its circulating supply, valued at $18.07 million.
- October 17: Cronos (CRO, $0.06175) will unlock 2.33% of its circulating supply, valued at $73.08 million.
Token listing / Airdrop
- October 15: Final claim deadline for Sonic Airdrops Season 1 and Season 2.
Meeting
- October 12 to 14: Paradigm Frontiers (San Francisco)
- October 15: Pantera Blockchain Summit (San Francisco)
- October 15: Ledger Op3n (Paris)
- October 15–16: BGIN Block 15 (Washington, D.C.)
- October 17–18: EDCON (Kuala Lumpur)
Author: Francisco Rodrigues; Source: CoinDesk.