Federal Reserve logo highlighted on a U.S. banknote (joshua-hoehne/Unsplash)
What to know:
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The spotlight is firmly on the crypto market over the course of the week after a spurt of liquidations between Oct. 10 and Oct. 17, with BTC and ETH trading well below their respective early October highs.
Despite market uncertainty, a number of catalysts are upcoming with ETHZilla Corporation (ETHZ) implementing a 1-for-10 reverse stock split on Monday before a major Zilliqa upgrade two days later.
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The Federal Reserve, which has acted as a driver of price action over the past month, will host a payments conference in Washington on Oct. 21, with traders eagerly awaiting any hints or suggestions about upcoming monetary policy.
What to Watch
Crypto
Oct. 20: Ether ETH$2,057.46 treasury firm ETHZilla Corporation (ETHZ) will implement a 1-for-10 reverse stock split, reducing outstanding shares from about 160 million to 16 million.
Oct. 22, 11 a.m.: Circle is hosting a virtual seminar on Zoom called "Inside the Circle Payments Network (CPN)" to explain how financial institutions can leverage CPN for fast, compliant stablecoin settlements.
Oct. 22: Zilliqa (ZIL) will activate its major mainnet upgrade, Zilliqa 2.0, via a hard fork at block 11,998,800.
Oct. 25: Coinbase's scheduled maintenance upgrade suspends all trading and transfers from 10 a.m. to 2 p.m.; US derivatives trading is halted 7 a.m. to 4 p.m.
Oct. 23, 8:30 a.m.: Due to the ongoing federal government shutdown, the U.S. Department of Labor is not releasing its usual weekly initial and continuing jobless claims reports.
Oct. 23, 10 a.m.: U.S. Sept. Existing Home Sales (Prev. 4M).
Oct. 24, 8:30 a.m.: U.S. Sept. Inflation Rate. Headline YoY (Prev. 2.9%), MoM Est. 0.3%. Core YoY (Prev. 3.1%), MoM Est. 0.3%.
Oct. 24, 9:45 a.m.: S&P Global U.S. October PMI (Flash). Composite (Prev. 53.9), Manufacturing (Prev. 52), Services (Prev. 54.2).
GnosisDAO isvoting on a proposal to fund ProbeLab with $105K to develop detailed performance and security metrics for the Gnosis Chain P2P network. Voting ends Oct. 21.
1inch DAO is voting to remove the 5% Unicorn Power staking requirement for Fusion resolvers. Voting ends Oct. 21.
SSV DAO is voting to amend DIP-31, refocusing SSV 2.0 on Compose, a protocol enabling atomic cross-rollup transactions to reduce L2 fragmentation and advance SSV beyond Distributed Validator Technology. Voting ends Oct. 23.
Decentraland DAO is voting to launch the DAO Land Access Program, allowing creators temporary use of unused DAO land for projects like art, education, and social spaces. Voting ends Oct. 25.
Lisk DAO is voting on a 4M LSK proposal to launch the Lisk DAO Fund, replacing grants with investments in top Lisk startups. Voting ends Oct. 29.
Arbitrum DAO is voting on a proposal to transfer 8,500 ETH from its treasury to the Arbitrum Treasury Management Council to activate idle funds and generate yield. Voting ends Oct. 30.
Unlocks
Oct. 20: ZRO$1.8720 to unlock 7.86% of its circulating supply worth $41.9 million.
Oct. 22: Scroll (SCR) to unlock 43.42% of its circulating supply worth $13.56 million.
Oct. 22: MultiBank Group (MBG) to unlock 11.97% of its circulating supply worth $16.87 million.
Oct. 23: Soon (SOON) to unlock 4.52% of its circulating supply worth $12.4 million.
Oct. 25: Plasma XPL$0.09931 to unlock 4.97% of its circulating supply worth $34.65 million.