Crypto Traders Eye Major Events to Ease Market Woes: Crypto Week Ahead

The focus is on the crypto market during the week following a wave of sell-offs between October 10 and 17, with BTC and ETH trading well below their respective highs from early October.

Despite market uncertainty, a number of catalysts are ahead with ETHZilla Corporation (ETHZ) implementing a 1-for-10 reverse stock split on Monday ahead of a major Zilliqa upgrade two days later.

The Federal Reserve, which has been a driving force in price action over the past month, will hold a payments conference in Washington on Oct. 21, with traders eagerly awaiting any clues or suggestions on upcoming monetary policy.

What to watch

• Cryptocurrency
  • October 20: Ether ETH$4,068.78 Treasury company ETHZilla Corporation (ETHZ) will implement a 1-for-10 reverse stock split, reducing the number of shares outstanding from approximately 160 million to 16 million.
  • October 22, 11 a.m.: Circle is hosting a virtual Zoom seminar titled “Inside the Circle Payments Network (CPN)” to explain how financial institutions can leverage CPN for fast, compliant stable settlements.
  • October 22: Zilliqa (ZIL) will activate its major mainnet upgrade, Zilliqa 2.0, via a hard fork at block 11,998,800.
  • October 25: Coinbase scheduled maintenance upgrade suspends all transactions and transfers from 10 a.m. to 2 p.m.; Derivatives trading in the United States is suspended from 7 a.m. to 4 p.m.
• Macro
  • October 20, 8:30 a.m.: Canada September PPI. Title YoY (previous 4%), MoM (previous 0.5%).
  • October 21, 8:30 a.m.: September inflation rate in Canada. Annual title (previous 1.9%), MoM Est. (Previous -0.1%). Core YoY (previous 2.6%), MoM (previous 0%).
  • October 21: The Federal Reserve will host a payments innovation conference in Washington. Watch live.
  • October 23, 8:30 a.m.: Due to the current federal government shutdown, the U.S. Department of Labor is not releasing its initial and continuing weekly unemployment claims reports.
  • October 23, 10 a.m.: Existing home sales in the United States in September (previous 4 months).
  • October 24, 8:30 a.m.: US inflation rate in September. Annual title (previous 2.9%), MoM Est. 0.3%. Core YoY (previous 3.1%), MoM Est. 0.3%.
  • October 24, 9:45 a.m.: October US PMI from S&P Global (Flash). Composite (Prev. 53.9), Manufacturing (Prev. 52), Services (Prev. 54.2).
  • October 24, 10 a.m.: October. Michigan Consumer Sentiment (Final) East. 55.
• Earnings (estimates based on FactSet data)
  • October 21: Galaxy Digital (GLXY), pre-market.
  • October 22: Tesla (TSLA), post-market.

Token Events

• Votes and calls on governance
  • GnosisDAO is voting on a proposal to fund ProbeLab with $105,000 to develop detailed performance and security metrics for Gnosis Chain’s P2P network. Voting closes on October 21.
  • 1inch DAO votes to remove Unicorn Power’s 5% staking requirement for Fusion resolvers. Voting closes on October 21.
  • Lido DAO votes to let the Lido Ecosystem Foundation lead all stETH and wstETH bridge partnerships, with a new transition security committee empowered to veto risky transactions and the DAO retaining final oversight. Voting closes on October 22.
  • SSV DAO votes to amend DIP-31, refocusing SSV 2.0 on Compose, a protocol enabling atomic cross-rollup transactions to reduce L2 fragmentation and advance SSV beyond distributed commit technology. Voting closes on October 23.
  • Decentraland DAO votes to launch the DAO Land Access Program, allowing creators to temporarily use unused DAO land for projects such as art, education, and social spaces. Voting closes on October 25.
  • Lisk DAO votes on a 4 million LSK proposal to launch the Lisk DAO fund, replacing grants with investments in top Lisk startups. Voting closes on October 29.
  • Arbitrum DAO votes on a proposal to transfer 8,500 ETH from its treasury to the Arbitrum Treasury Management Council to activate unused funds and generate yield. Voting closes on October 30.
• Unlocks
  • October 20: ZRO$1.7393 to unlock 7.86% of its circulating supply worth $41.9 million.
  • October 22: Scroll (SCR) to unlock 43.42% of its circulating supply worth $13.56 million.
  • October 22: MultiBank Group (MBG) will release 11.97% of its outstanding supply worth $16.87 million.
  • October 23: Soon (SOON) will release 4.52% of its circulating supply worth $12.4 million.
  • October 25: Plasma XPL$0.4261 to unlock 4.97% of its circulating supply worth $34.65 million.
• Token Launches
  • October 20: Falcon Finance S2 staking deadline.
  • October 23: DFDV ordinary shareholders will receive a warrant dividend.
  • October 23: Venice (VVV) will reduce its emissions from 10 million/year to 8 million/year.

Conferences