FTX founder Sam Bankman-Fried (Nikhilesh De/CoinDesk)
What to know:
You are reading Crypto Week Ahead: a comprehensive list of what's coming up in the world of cryptocurrencies and blockchain in the coming days, as well as the major macroeconomic events that will influence digital asset markets. For an updated daily email reminder on what's expected, click here to sign up for Crypto Daybook Americas. You won't want to start your day without it.
Market activity is likely to be overshadowed by Friday's monthly U.S. employment figures, with nonfarm payrolls forecast set to increase by 39,000. The figure, seen as a barometer of the health of the world's largest economy, is one of the most closely watched economic statistics. In the meantime, long-suffering creditors of bankrupt crypto exchange FTX, which failed in 2021, start receiving a total of $1.6 billion as the estate begins its third tranche of payouts. Arbitrum, the largest Ethereum layer-2 blockchain, is voting on investing its stash of idle ether ETH$2,941.84 to earn rewards.
What to Watch
STORY CONTINUES BELOW
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Sept. 29, 8:00 p.m.: PancakeSwap (CAKE) discontinues support for Polygon zkEVM liquidity pools and Perpetual V1 orderbook. Users must withdraw funds by deadline.
Sept. 30: FTX begins $1.6 billion third creditor payout under bankruptcy plan via BitGo, Kraken and Payoneer. Creditors must complete KYC and tax forms to qualify.
Sept. 30: StarknetSTRK$0.06772launches BTC staking on mainnet, enabling wrapped BTC tokens staking with 25% consensus weight; un-staking period cut to 7 days; rewards start.
Macro
Sept. 29, 7:30 a.m.: Fed Governor Christopher J. Waller gives a speech on "Payments" in Frankfurt.
Sept. 29, 1 p.m.: U.S. agencies SEC and CFTC hold a roundtable on regulatory harmonization efforts. Watch live.
Sept. 30, 2 a.m.: U.K. Q2 GDP Growth Rate (final). YoY Est. 1.2%, QoQ Est. 0.3%.
Sept. 30, 6 a.m.: Fed Vice Chair Philip N. Jefferson gives a speech on "Monetary Policy Frameworks and the U.S. Economic Outlook" in Helsinki.
Sept. 30, 10 a.m.: U.S. Aug. JOLTS report. Openings (Prev. 7.181M), Quits (Prev. 3.208M).
Sept. 30, 10 a.m.: U.S. Sept. CB Consumer Confidence. Est. 96.
Sept. 30: Deadline for the U.S. Congress to pass the annual federal appropriations bill funding government operations.
Oct. 1, 12:00 a.m.: New U.S. tariffs take effect. 100% on patented drugs without U.S. manufacturing, 50% on kitchen cabinets, 30% on upholstered furniture and 25% on heavy trucks.
Oct. 1, 4:30 a.m.: S&P Global Canada Sept. Manufacturing PMI (flash). Est. 46.2.
Oct. 3, 9:45 a.m.: S&P Global U.S. Sept. PMI composite Est. 53.6, services Est. 53.9.
Oct. 3, 10 a.m.: U.S. ISM Sept. Services PMI Est. 52.
Earnings (Estimates based on FactSet data)
Nothing scheduled.
Token Events
Governance votes & calls
Lido DAO is voting on the design and implementation of its Lido V3 upgrade, which among other things introduces staking vaults (stVaults) that allow users to select specific staking operators. Voting ends Sept. 29.
GnosisDAO is voting on a resubmitted proposal to create a $40,000 pilot fund. This would allow the community to directly finance small ecosystem projects using a conviction voting pool. Voting ends Oct. 1.
ENS DAO is voting to reimburse the eth.limo team 109,818.82 USDC from the treasury. The funds are to cover legal fees for operating their public gateway. Voting ends Oct. 2.
Arbitrum DAO is voting to transfer 8,500 idle ETH to its treasury team to earn yield and support the ecosystem. The move is expected to generate ~204 ETH annually. Voting ends Oct. 2.
Gitcoin DAO is holding a vote to approve a revised $1,175,000 matching fund and updated grant categories for its upcoming Grants Round 24 (GG24). Voting ends Oct. 2.
ZKSync DAO is voting on a proposal to allocate 25 million ZK tokens (~$1.25M) for the "Prividium Roadshow" through the end of 2026. Voting ends Oct. 8.
Pudgy Penguins is building a multi-vertical consumer IP platform — combining phygital products, games, NFTs and PENGU to monetize culture at scale.
What to know:
Pudgy Penguins is emerging as one of the strongest NFT-native brands of this cycle, shifting from speculative “digital luxury goods” into a multi-vertical consumer IP platform. Its strategy is to acquire users through mainstream channels first; toys, retail partnerships and viral media, then onboard them into Web3 through games, NFTs and the PENGU token.
The ecosystem now spans phygital products (> $13M retail sales and >1M units sold), games and experiences (Pudgy Party surpassed 500k downloads in two weeks), and a widely distributed token (airdropped to 6M+ wallets). While the market is currently pricing Pudgy at a premium relative to traditional IP peers, sustained success depends on execution across retail expansion, gaming adoption and deeper token utility.
Gold and other hard assets are rallying on dollar weakness, but bitcoin is lagging as markets continue to treat it as a liquidity-sensitive risk asset.
What to know:
Bitcoin has, unusually, not rallied alongside the slide in the U.S. dollar.
JPMorgan strategists say the dollar’s weakness is being driven by short-term flows and sentiment, not changes in growth or monetary policy expectations, and they expect the currency to stabilize as the U.S. economy strengthens.
Because markets do not view the current dollar decline as a lasting macro shift, bitcoin is trading more like a liquidity-sensitive risk asset than a reliable dollar hedge, leaving gold and emerging markets as the preferred beneficiaries of dollar diversification.