Crypto Week Ahead: Fed Rate Cut, Do Kwon Sentencing, and Key Market Events
This week, market attention is on the Federal Reserve, with the FOMC expected to cut U.S. interest rates by 25 basis points to 3.50%–3.75% on Dec. 10, per CME’s FedWatch tool. Lower rates may encourage investment in riskier assets, including cryptocurrencies and equities.
Legal Watch
Terraform Labs co-founder Do Kwon is scheduled for sentencing on Dec. 11 after pleading guilty to defrauding investors. U.S. prosecutors seek 12 years, while the defense requests five. The collapse of UST and LUNA contributed heavily to the 2022 crypto downturn.
Crypto Highlights
- Dec. 8: EstateX (ESX) platform launches for Unicorn Club members and NFT holders; ProCap Financial (BRR) begins Nasdaq trading; Enjin (ENJ) activates Senotsa upgrade; Hivemapper (HONEY) AMA on X Spaces.
- Dec. 9–10: Twenty One Capital (XXI) trades on NYSE; Celo Jello hardfork goes live; Kaia (KAIA) AMA; FOMC rate decision; Bank of Canada and Brazil central bank rate updates; MoonDAO vote closes.
- Dec. 11–13: Do Kwon sentencing; Chia (XCH) AMA; Arbitrum DAO vote; EstateX public launch; Bittensor (TAO) halving; Xelis (XELIS) smart contracts; LINEA, APT, CHEEL token unlocks.
Macro & Governance Events
Key data releases include Mexico inflation, U.S. ADP jobs and JOLTS report, Brazil inflation, and U.S. jobless claims. DAO votes from Celo, Aave, ENS, CoW, Gnosis, Moon, Arbitrum continue this week. Token launches include STABLE, WET, and LAVA.
Investors can expect heightened volatility as monetary policy, legal developments, and crypto-specific events converge to influence markets.
