Crypto Week Ahead: Major Developments for the Week Starting October 12
Investors will closely monitor U.S. inflation data this week for signals about the Federal Reserve’s interest-rate path ahead of its October policy meeting. Markets currently expect the Fed to leave rates unchanged, while anticipating a possible increase in December.
Third-quarter results from major banks will offer further insight into credit conditions, trading volumes and investor appetite across the financial sector.
In the digital asset industry, Ethereum developers will discuss planned network upgrades, and Singapore’s consultation on stablecoin rules will reach its closing date.
Events on the Calendar
All times are Eastern Time (ET), unless stated otherwise.
Cryptocurrency Developments
- October 15: ArbitrumDAO’s proposed USDG initiative is scheduled to proceed to an off-chain vote. The voting window is expected to remain open through October 22.
- October 15, 10 a.m.: Ethereum developers will hold All Core Devs Consensus Call No. 189, focusing on the Glamsterdam and Hegotá upgrades.
- October 16: Balancer partners face a deadline to seek extensions for selected v3 pools through November 30 under the protocol’s approved wind-down arrangement.
- October 16, 11:59 a.m.: The Monetary Authority of Singapore will end its consultation on stablecoin regulation.
Economic Data and Central Bank Events
- October 12: U.S. bond markets will close for Columbus Day, but equity markets will remain open.
- October 13, 9:30 p.m.: China’s September CPI is expected to show annual inflation of 1.0%, compared with 0.8% previously. Annual PPI is projected at 4.5%, up from 3.8%.
- October 14, 8:30 a.m.: U.S. September CPI is forecast to rise 0.6% month over month, against 0.4% previously. The annual rate is expected to increase to 3.6% from 3.4%.
- October 14, 8:30 a.m.: U.S. core CPI is projected to climb 0.2% monthly, compared with 0.3% in the prior reading. Annual core inflation is expected to reach 2.5%, up from 2.4%.
- October 15, 2 a.m.: U.K. GDP for August is forecast to decline 0.1% month over month, reversing the previous 0.4% growth.
- October 15, 8:30 a.m.: U.S. PPI for September is expected to increase 0.5% monthly, compared with 0.4% previously. Annual producer inflation is projected to ease to 5.3% from 5.4%.
- October 15, 8:30 a.m.: U.S. core PPI is forecast to rise 0.3% month over month, up from 0.2%. Its annual rate is expected to slow to 4.4% from 4.6%.
- October 15, 8:30 a.m.: U.S. retail sales are expected to grow 0.3% in September, following a 1.2% increase in the previous reading.
- October 15, 8:30 a.m.: Initial jobless claims for the week ending October 10 are forecast at 195,000, compared with 197,000 previously. Continuing claims for the week ending October 3 were last reported at 1.716 million.
- October 15, 11:30 p.m.: U.S. Fed Chair Kevin Warsh is scheduled to speak with IMF Managing Director Kristalina Georgieva.
- October 16, 5 a.m.: Final eurozone CPI data for September is expected to show annual inflation at 3.8%, compared with 3.2% in the previous reading.
Corporate Earnings
- October 14: BlackRock (BLK) is scheduled to release its earnings before the market opens, with an estimate of $14.24.
- October 15: BNY (BNY) is set to report before the market opens, with an estimate of $2.27.
Token Market Events
Governance Votes
- Balancer: A proposal to establish an independent fork with its own funding is awaiting a community decision. Voting closes October 13.
- Compound: Tokenholders are voting on a plan to withdraw wrapped Ether (wETH) reserves from the discontinued Ronin market and bridge the assets to Ethereum mainnet. The vote ends October 13.
- Gitcoin: A proposal aims to reduce the Snapshot quorum from 2.5 million GTC to 1.5 million GTC, lowering the minimum voting power needed for a valid proposal. Voting concludes October 15.
Upcoming Token Unlocks
- October 15 — Starknet (STRK): An unlock representing 3.37% of circulating supply is scheduled, with an estimated value of $13.2 million.
- October 15 — Connex (CONX): Tokens equal to 1.39% of circulating supply are due to be released, worth approximately $12.18 million.
- October 16 — Arbitrum (ARB): A release equivalent to 1.56% of circulating supply is planned, valued at around $18.07 million.
- October 17 — Cronos (CRO): An unlock covering 2.33% of circulating supply is scheduled, with an estimated value of $73.08 million.
Airdrop Deadline
- October 15: Sonic’s final date for claiming rewards from its first- and second-season airdrops.
Conferences and Industry Gatherings
- October 12–14: Paradigm Frontiers, San Francisco.
- October 15: Pantera Blockchain Summit, San Francisco.
- October 15: Ledger Op3n, Paris.
- October 15–16: BGIN Block 15, Washington, D.C.
- October 17–18: EDCON, Kuala Lumpur.
