U.S. inflation, Ethereum upgrade talks: Crypto Week Ahead

U.S. inflation data will test the interest-rate outlook this week ahead of the Federal Reserve's October meeting. Investors currently expect the central bank to keep interest rates unchanged an increase in December.

Third-quarter bank earnings will provide a separate check on lending, trading activity and investor demand.

In crypto, Ethereum developers discuss upcoming upgrades, while Singapore’s stablecoin consultation comes to a close.

What to Watch

(All times ET unless stated otherwise.)

• Crypto
  • Oct. 15: ArbitrumDAO's proposed USDG initiative is scheduled to enter an offchain vote, with voting targeted to run through Oct. 22.
  • Oct. 15, 10 a.m.: Ethereum developers to hold All Core Devs Consensus call No. 189, going over Glamsterdam, Hegotá.
  • Oct. 16: Deadline for Balancer partners to request extensions for specific v3 pools through Nov. 30 under the protocol's approved wind-down plan.
  • Oct. 16, 11:59 a.m.: The Monetary Authority of Singapore's consultation on stablecoin regulation closes.
• Macro
  • Oct. 12: U.S. bond markets are closed for Columbus Day. Equity markets are open.
  • Oct. 13, 9:30 p.m.: China CPI YoY for September est. 1.0% (Prev. 0.8%); PPI YoY est. 4.5% (Prev. 3.8%)
  • Oct. 14, 8:30 a.m.: U.S. CPI MoM for September est. 0.6% (Prev. 0.4%); CPI YoY est. 3.6% (Prev. 3.4%)
  • Oct. 14, 8:30 a.m.: U.S. Core CPI MoM for September est. 0.2% (Prev. 0.3%); Core CPI YoY est. 2.5% (Prev. 2.4%)
  • Oct. 15, 2 a.m.: U.K. GDP MoM for August est. -0.1% (Prev. 0.4%)
  • Oct. 15, 8:30 a.m.: U.S. PPI MoM for September est. 0.5% (Prev. 0.4%); PPI YoY est. 5.3% (Prev. 5.4%)
  • Oct. 15, 8:30 a.m.: U.S. Core PPI MoM for September est. 0.3% (Prev. 0.2%); Core PPI YoY est. 4.4% (Prev. 4.6%)
  • Oct. 15, 8:30 a.m.: U.S. Retail Sales MoM for September est. 0.3% (Prev. 1.2%)
  • Oct. 15, 8:30 a.m.: U.S. Initial Jobless Claims for period ending Oct. 10 est. 195K (Prev. 197K); Continuing Jobless Claims for period ending Oct. 3 (Prev. 1716K)
  • Oct. 15, 11:30 p.m.: U.S. Fed Chair Kevin Warsh to speak with IMF Managing Director Kristalina Georgieva
  • Oct. 16, 5 a.m.: Eurozone CPI YoY Final for September est. 3.8% (Prev. 3.2%)
• Earnings
  • Oct. 14: BlackRock (BLK), pre-market, $14.24
  • Oct. 15: BNY (BNY), pre-market, $2.27

Token Events

• Governance votes and calls
  • Balancer is voting on an independent, self-funded fork. Voting ends Oct. 13.
  • Compound is voting to withdraw and bridge wETH reserves from its deprecated Ronin market to mainnet. Voting ends Oct. 13.
  • Gitcoin is voting to lower its Snapshot quorum from 2.5 million GTC to 1.5 million GTC, reducing the voting power needed for a valid proposal. Voting ends Oct. 15.
• Unlocks
  • Oct. 15: Starknet STRK$0.1038 to unlock 3.37% of its circulating supply worth around $13.2 million.
  • Oct. 15: Connex (CONX) to unlock 1.39% of its circulating supply worth $12.18 million.
  • Oct. 16: Arbitrum ARB to 1.56% of its circulating supply worth $18.07 million.
  • Oct. 17: Cronos CRO$0.06169 to unlock 2.33% of its circulating supply worth $73.08 million.
• Token launches
  • Oct. 15: Sonic's final claim deadline for its Season 1 and Season 2 airdrops.

Conferences

• Oct. 12–14: Paradigm Frontiers (San Francisco)
• Oct. 15: Pantera Blockchain Summit (San Francisco)
• Oct. 15: Ledger Op3n (Paris)
• Oct. 15–16: BGIN Block 15 (Washington D.C.)
• Oct. 17–18: EDCON (Kuala Lumpur)