The coming week will see the US Senate return from recess, with the Clarity Act on the agenda while the National Credit Union Administration’s comment window on stablecoin issuer rules closes.
Additionally, April 15 marks the U.S. tax filing deadline, which could put pressure on cryptocurrency holders in managing their finances and add volatility to the market.
On the macroeconomic front, markets will digest crucial data, including U.S. producer price inflation, to help gauge the direction of the Federal Reserve’s interest rate policy.
Earnings from Goldman Sachs, JPMorgan and BlackRock could provide further insight into how their crypto-related businesses are faring and how institutional appetite is changing.
What to watch
(All times ET)
- Cryptocurrency
- April 13: The US Senate returns from recess and negotiations on the Clarity Act resume.
- April 13: Comment period closes on the U.S. National Credit Union Administration’s proposed rule on permitted applications from payment stablecoin issuers.
- April 15: US tax filing deadline, including cryptocurrencies, for individual tax returns.
- April 17: Mercado Libre closes Mercado Coin.
- Macro
- April 13: M2 money supply in China year-on-year for March est. 8.9% (previous 9%)
- April 14, 8:30 a.m.: American producer price index (PPI) for the month of March (previous +0.7%); MoM base PPI (previous 0.5%)
- April 15, 9:00 p.m.: China’s year-on-year GDP growth rate for the first quarter, est. 5% (previous 4.5%)
- April 16, 04:00: Eurozone consumer price index (CPI) rate over one year for March, est. 2.3% (previous 2.4%)
- April 16, 7:30 a.m.: First jobless claims in the United States for the week ending April 11 (previous 219,000)
- April 17, 2:00 p.m.: speech by US Fed Governor Christopher J. Wallet on the economic outlook.
- Earnings (Estimates based on FactSet data where available)
- April 13: Goldman Sachs (GS), pre-market, $16.41
- April 14: JPMorgan Chase (JPM), pre-market, $5.47
- April 14: BlackRock (BLK), pre-market, $12.06
- April 15: Morgan Stanley (MS), pre-market, $3.02
- April 16: Bank of New York (BNY), premarket, $1.93
Token Events
- Votes and calls on governance
- Compound DAO votes on several cross-chain market updates, including the implementation of CAPO price feeds on Unichain, the deprecation of stMATIC on Polygon, the move to API3 oracles on Ronin, and the extension of collateralization limits for Polygon markets. Voting closes on April 13.
- Lido DAO votes on operational updates covering a 10,000 stETH LDO accumulation program, node operator governance transition, incentivized redirects, multisig policy updates, and increased transfer limits from the BORG Alliance. Voting closes on April 13.
- OlympusDAO is voting to determine the distribution schedule for its Cooler Drip Acceleration, choosing between an accelerated 3-month, moderate 6-month, or conservative 12-month cadence for gOHM daily rewards. Voting closes on April 13.
- Decentraland DAO votes to remove an inactive catalyst node from its network after its closure, a move that will also rebalance the network to maintain four foundation nodes and five community nodes. Voting closes on April 14.
- Cardano DAO votes to authorize a cash draw of 50 million ADA to support the Cardano x Draper Dragon: Orion Fund. Voting closes on April 14.
- ENS DAO votes to automate treasury operations by routing revenue directly to the endowment for immediate return and allowing the treasury manager to maintain a six-month operational runway without routine votes. Voting closes on April 14.
- Squid DAO votes to approve category weightings for its April SQUID token launch, which rewards community members for March activities in various areas. Voting closes on April 15.
- SafeDAO votes to allocate 5 million SAFE to fund a six-month staking rewards program and the development of an interface for Safenet Beta. Voting closes on April 20.
- Unlocks
- April 15: Connex (CONX) will release 1.52% of its circulating supply worth $18.39 million.
- April 16: Arbitrum (ARB) will unlock 1.75% of its circulating supply worth $10.8 million.
- April 17: DeBridge (DBR) will release 12.9% of its circulating supply worth $9.19 million.
- Token Launches
- April 15: HTX Global will complete its quarterly HTX token burn.
- April 15: Tradoor airdrop scheduled to begin.
