The coming week will be dominated by data from the broader economy, with jobs and inflation reports in the United States and interest rate decisions in Japan and Europe. Coinbase, the largest publicly traded cryptocurrency exchange, announces a system update that is expected to include an internal prediction market.
U.S. nonfarm payrolls data, typically released on the first Friday of each month, is scheduled for Tuesday, delayed by the 36-day government shutdown. The figure is one of the most influential measures of the world’s largest economy and can influence attitudes toward risky investments.
The Bank of Japan is expected to raise its benchmark interest rate for the first time since January. Economists forecast an increase of 25 basis points to 0.75%, the highest in around thirty years. A stronger yen has always coincided with downward pressure on bitcoin . Friday’s decision follows policy statements from the European Central Bank and the Bank of England earlier in the week.
What to watch
- Cryptocurrency
- December 15, 5 a.m.: Aster AMA testnet L1 on Discord.
- December 15, 10 a.m.: Conflux (CFX) AMA on “AI Agents in Web3” on X Spaces.
- December 16, 2 a.m.: EVM mainnet upgrade.
- December 17, 5 p.m.: Coinbase system update (a set of new features for the Coinbase platform, expected to include tokenized stocks and prediction markets) live stream on X.
- Macro
- December 15, 8:30 a.m.: November inflation rate in Canada. Title YoY (previous 2.2%), MoM (previous 0.2%). Core YoY (previous 2.9%), MoM (previous 0.6%).
- December 15, 9:30 a.m.: speech by Federal Reserve Governor Stephen I. Miran (“The Inflation Outlook”). Watch live.
- December 16, 8:15 a.m.: US ADP Weekly Job Change Previous. 4.75K.
- December 16, 8:30 a.m.: US employment data in November. Non-farm payroll Est. 35,000; Unemployment rate Est. 4.4%; Average hourly wage over one year (previous 3.8%).
- December 16, 9:45 a.m.: S&P Global (Flash) US December PMI Composite (prev. 54.2), manufacturing (prev. 52.2), services (prev. 54.1).
- December 17: Speech by Federal Reserve Governor Christopher J. Waller (“Economic Outlook”). Watch live.
- December 18, 7 a.m.: Bank of England decision on interest rates. Reference rate Est. 3.75%.
- December 18, 8:15 a.m.: decision by the European Central Bank on interest rates. Reference rate Est. 2.15%.
- December 18, 8:30 a.m.: November inflation rate in the United States. (No estimate available)
- December 18, 8:30 a.m.: unemployment claims in the United States. Initial (for the week ended December 13) (prev. 236,000), continuous (for the week ended December 6) (prev. 1,838,000).
- December 18, 2:00 p.m.: Unemployment rate in Argentina in the third quarter (previous 7.6%).
- December 18, 2 p.m.: decision by the central bank of Mexico on interest rates. Reference rate (previous 7.25%).
- December 19, 10 a.m.: December American survey (final) from the University of Michigan. Consumer Confidence Index Est. 53.3; Inflation Expectations Est. 4.1%.
- Earnings (estimates based on FactSet data)
Token Events
- Votes and calls on governance
- Sushi DAO votes to more than triple annual SUSHI issuance, from 1.5% to 5% (~14.25 million tokens/year) to fund significant liquidity incentives, private capital transactions, and the new Blade AMM, targeting $20 million in annual revenue. Voting closes on December 14.
- Streamr DAO votes to incentivize its CEO and CTO with performance-based token grants that are only issued if DATA’s price reaches specific milestones between $0.05 and $1.00. Voting closes on December 15.
- Moons DAO votes to elect an Ecosystem Growth Manager to manage strategic partnerships and expand the DAO’s reach. Voting closes on December 16.
- SSV Network votes to streamline committee operations (DIP-47) and cap the ETH/SSV fee ratio at 700 (DIP-49). Voting closes on December 17.
- Lido DAO votes on a transformative package to move from a pure staking protocol to a diverse DeFi product suite over the next three years. Voting closes on December 19.
- CoW DAO votes to dissolve the Sprinter Solver bond pool and return the 500,000 USDC deposited and 1.5 million COW to the original backers. Voting closes on December 19.
- Arbitrum DAO votes to activate the ArbOS 51 upgrade on January 8, introducing a 32 million transaction gas limit, dynamic gas targets, and doubled minimum base fees to improve network scalability. Voting closes on December 19.
- BNB Chain votes to reduce the number of consecutive blocks produced by a validator from 16 to 8. This adjustment aims to prevent large-scale reorganizations and prioritize network stability. Voting closes on December 22.
- The Sandbox DAO votes to select one of the selected artists to create a commissioned NFT artwork for the DAO’s collection, awarding the winner a grant of 8,000 to 12,000 USDC from the existing SIP-26 budget. Voting closes on December 24.
- December 18: Celo will host a governance call.
- December 18: Changelly will host a Web3 Stand Up Conference on Pumps and Dumps.
- Unlocks
- December 15: to unlock 1.61% of its circulating supply worth $21.99 million.
- December 15: to unlock 5.07% of its circulating supply worth $13.87 million.
- December 16: to unlock 1.9% of its circulating supply worth $19.88 million.
- December 20: to unlock 6.79% of its circulating supply worth $37.28 million.
- Token Launches
Conferences
