US Jobs Report, Ethereum Upgrade: Crypto Week Ahead

Welcome to the new year. This is shaping up to be a quiet week to start things off.

The Ethereum blockchain is enabling an incremental upgrade as part of its Fusaka roadmap, and BNB Chain is voting on a proposal to change some system settings to align with the Fermi hard fork, scheduled for January 14.

The economic report most likely to influence the markets will not arrive until Friday. U.S. nonfarm payrolls data is expected to show the world’s largest economy added 57,000 jobs in December.

What to watch

• Cryptocurrency
  • January 7: Ethereum activates its second “Blob Parameter Only” (BPO-2) hard fork, increasing the blob target to 14 and the maximum to 21 blobs per block to increase data capacity for rollups as part of the Fusaka scaling roadmap.
  • January 8, 11 a.m.: ZBCN$0.002694 AMA (“Product Roadmap & Tokenomics for 2026”) on X.
• Macro
  • January 5, 10:00 a.m.: ISM manufacturing PMI Est. 48.3.
  • January 6, 7 a.m.: Mexican consumer confidence in December (previous 44.2).
  • January 6, 8 a.m.: Brazil December S&P Global PMI. Services (previous 50.1); Composite (previous 49.6).
  • January 6, 9:30 a.m.: Canada December S&P Global PMI. Services (previous 44.3); Composite (previous 44.9).
  • January 6, 9:45 a.m.: United States December (final) S&P Global PMI. Services East. 52.9; Composite East. 53.
  • January 7, 5 a.m.: Euro zone in December (Flash) Consumer price inflation. Overall rate Est. 2.1%; Overall MoM rate (previous -0.3); Base rate YoY Est. 2.4%.
  • January 7, 8:15 a.m.: Dec. ADP Employment Change Est. 47K.
  • January 7, 10 a.m.: Dec. ISM Services PMI Est. 52.3.
  • January 7, 10 a.m.: November JOLTS report. Job offers East. 7.73 million; Work stoppages (previous 2,941 M).
  • January 8, 5 a.m.: Estimated unemployment rate for November in the euro zone. 6.4%.
  • January 8, 5 a.m.: Eurozone November PPI. Over one year (previous -0.5%); MoM Est. 0.4%.
  • January 8, 7 a.m.: Mexico, December. Consumer price inflation. Overall rate Est. 3.9%; Overall MoM Rate Est. 0.48; Base rate YoY Est. 4.37%; MoM Base Rate Est. 0.42%.
  • January 8, 8:30 a.m.: unemployment claims in the United States. Initial (for the week ended January 3) Est. 205K; Continuous (for the week ending December 27) (previous 1866K).
  • January 9, 7 a.m.: Brazil, December. Consumer price inflation. Overall rate Est. 4.35%; Overall MoM Rate Est. 0.41%.
  • January 9, 8:30 a.m.: Canada, December. Estimated unemployment rate. 6.7%.
  • January 9, 8:30 a.m.: US employment report in December. Non-farm payroll Est. 57K; Unemployment rate Est. 4.5%.
  • January 9, 10 a.m.: Dec. (preliminary) Michigan inflation expectations (previous 4.2%).
• Earnings (estimates based on FactSet data)

Token Events

• Votes and calls on governance
  • BIM Protocol votes on integrating a bridge to Bitcoin and Monero via Quickex to expand cross-chain interoperability. Voting closes on January 5.
  • SSV Network DAO votes to expand its market making program, increasing the total allocation to 300,000 SSV ($1.3 million) to secure a 12-18 month agreement with a leading market maker for enhanced liquidity. Voting closes on January 6.
  • Compound DAO votes to supplement reward contracts on Arbitrum and Unichain to maintain user incentives, following a correction to a previous proposal. Voting closes on January 6.
  • TrueFi DAO votes to authorize a full protocol name change and create TRU’s remaining offering to recapitalize treasury. Voting closes on January 6.
  • Aave votes on a proposal to integrate the April 2026 core tokens for Ethena USDe and sUSDe into the Plasma V3 instance. Voting closes on January 6.
  • BNB Chain is voting on a proposal to adjust five system parameters to align with the upcoming Fermi hard fork and its faster 0.45 second block interval. Voting closes on February 2.
• Unlocks
  • January 5: THRESHING$26:32 to unlock 3.61% of its circulating supply worth $329.6 million.
  • January 11: APTE$1.9732 to unlock 0.7% of its circulating supply worth $21.5 million.
  • January 13: CHEEL$0.5625 to unlock 2.78% of its circulating supply worth $11.67 million.
• Token Launches
  • January 5: Lighter (LIT) will be listed on BTSE.
  • January 6: Brevis (BREV) will be listed on Binance, BingX and others.

Conferences