The week beginning Sept. 21 brings several developments for crypto traders, with markets continuing to assess the impact of the Federal Reserve’s latest rate decision.
Bitcoin has started the week near the $84,000 level, showing resilience after the Fed raised its benchmark target rate to 4.00% last week. The initial hawkish reaction has so far had a limited effect on crypto prices.
Economic data will provide the main macro focus, with U.S. jobless claims, new home sales and durable goods orders due later in the week. Global markets will also be evaluating the monetary-policy outlook following recent decisions by the Bank of Japan and Bank of England.
In the crypto market-structure space, the SEC’s new pilot framework for tokenized securities will be a major development to monitor.
What to Watch
All times ET
Crypto
Sept. 22: The SEC’s conditional five-year exemption window opens. The framework allows selected institutional venues to participate in pilot trading of tokenized stocks directly on public blockchains.
Macro
Sept. 24, 8:30 a.m.: Canada’s August retail sales are expected to fall 0.8% month-over-month, compared with a 0.6% increase previously.
Sept. 24, 8:30 a.m.: U.S. initial jobless claims for the week ending Sept. 19 are projected at 201,000, up from 196,000 previously.
Sept. 24, 10:00 a.m.: August U.S. new home sales are expected at 700,000, compared with 739,000 in the previous reading.
Sept. 25, 8:30 a.m.: U.S. durable goods orders for August are forecast to decline 0.3% month-over-month, following a 1.1% gain previously.
Sept. 25, 10:00 a.m.: The final September University of Michigan Consumer Sentiment Index is expected at 47.8, compared with 51.7 previously.
Earnings
No major corporate earnings releases are scheduled.
Token Events
Lido DAO: A governance vote ending Sept. 21 will decide whether to authorize a contingency market-making mandate for LDO on centralized exchanges. The proposal would provide up to $1.5 million in recallable LDO and 480,000 USDC to support order-book depth and help prevent potential exchange delistings.
Uniswap Governance: Voting ends Sept. 23 on a temperature check regarding the expansion of Uniswap’s protocol fee collection and UNI-burn infrastructure to Arc, a layer-1 blockchain developed by Circle.
CoW DAO: A governance vote ending Sept. 25 proposes changes to the solver quote competition. It would establish a dedicated quote-reward pool equal to 10% of protocol revenue, aimed at improving price routing and order conversion.
Token Unlocks
Sept. 21 — Canton (CC): The project will unlock 0.38% of circulating supply, worth about $17.17 million.
Sept. 22 — TON: 1.3% of circulating supply is scheduled to unlock, representing approximately $51.2 million.
Sept. 23 — Humanity (H): The project will release 14.7% of circulating supply, valued at roughly $20.8 million.
Token Launches
No major token launches have been confirmed for the week.
Conferences
No conferences are currently scheduled.
