Federal Reserve logo highlighted on a U.S. banknote (joshua-hoehne/Unsplash)
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 of what's expected, click here to sign up for Crypto Daybook Americas. You won't want to start your day without it.
The crypto market will be watching this week to see whether bitcoin BTC$73,293.04 and ether (ETH) can make a meaningful move to break a level of support or resistance, or whether the rangebound behavior will continue.
There are a number of market catalysts over the coming week; notably a Core Scientific (CORZ) virtual meeting on Oct. 30, which will outline the decision on a vote on a potential merger with CoreWeave (CRWV). The Federal Reserve will also make a decision on interest rates on Oct. 29, which is touted the be the major market mover.
What to Watch
Crypto
Oct. 27, 10 a.m.: Kadena (KDA) Chief Business Officer Annelise Osborne is hosting an AMA on Telegram.
Oct. 30, 10 a.m.: Core Scientific (CORZ) virtual special meeting for stockholder vote on merger with CoreWeave (CRWV) and related executive compensation.
Oct. 30: HashKey Chain (HSK) pauses new staking orders to update the staking contract, promising improved yields and a more sustainable APY.
Oct. 30, 9:55 a.m.: Federal Reserve Vice Chair for Supervision Michelle W. Bowman is speaking at the Economic Growth and Regulatory Paperwork Reduction Act Outreach Meeting. Watch live.
Oct. 31, 8 a.m.: Brazil Sept. Unemployment Rate (Prev. 5.6%).
Oct. 31, 8:30 a.m.: Canada Aug. GDP MoM Est. 0%.
Earnings (Estimates based on FactSet data)
Oct. 28: PayPal Holdings (PYPL), pre-market.
Oct. 30: Coinbase Global (COIN), post-market.
Oct. 30: Reddit (RDDT), post-market.
Oct. 30: Riot Platforms (RIOT), post-market.
Oct. 30: Strategy (MSTR), post-market.
Nov. 3: Cipher Mining (CIFR), pre-market.
Token Events
Governance votes & calls
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.
GnosisDAO is voting to replace subgraph-based voting with on-chain and beacon chain data, adding StakeWise (sGNO, osGNO) support and improving voting accuracy while removing reliance on The Graph. Voting ends Oct. 28.
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.
ZKsync DAO is voting on allocating 33M ZK (~$1.65M) to the ZKsync Association to maintain and enhance governance infrastructure through 2026. Voting ends Oct. 29.
ENS DAO is voting to fund ENS Contract Naming Season, a six-month program led by Enscribe with 75K USDC and 10K ENS to promote smart contract naming, boost ENS adoption, and improve Ethereum UX. 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. 25: Plasma (XPL) to unlock 4.97% of its circulating supply worth $34.65 million.
Oct. 28: Sign (SIGN) to unlock 21.48% of its circulating supply worth $12 million.
Oct. 28: Grass (GRASS) to unlock 72.4% of its circulating supply worth $77.4 million.
Oct. 28: Jupiter (JUP) to unlock 1.72% of its circulating supply worth $19.5 million.
Oct. 30: Zora (ZORA) to unlock 4.55% of its circulating supply worth $15.75 million.
Oct. 30: Kamino (KMNO) to unlock 5.99% of its circulating supply worth $13.65 million.
Oct. 31: Immutable (IMX) to unlock 1.24% of its circulating supply worth $13.07 million.
Oct. 31: Optimism OP$0.1168 to unlock 1.71% of its circulating supply worth $13.79 million.
Nov. 1: SUI$0.9180 to unlock 1.21% of its circulating supply worth $108.14 million.
Nov. 1: EigenCloud (EIGEN) to unlock 12.1% of its circulating supply worth $40.87 million.
Nov. 2: Ethena (ENA) to unlock 0.6% of its circulating supply worth $19.05 million.
U.S. stocks and bonds, and the oil market are reacting positively to yet another purported peace agreement, but crypto markets remain under heavy pressure.
Ce qu'il:
Markets reacted to a reported draft deal and recent U.S. airstrikes near the Strait of Hormuz by pushing stocks and bonds higher and oil lower, while bitcoin continued to slide.
The Fed’s preferred inflation gauge, the PCE index, rose to 3.8 percent in April, its highest level since 2023, intensifying...