U.S. Inflation Data and Ethereum Upgrade Talks Take Center Stage This Week

Crypto Week Ahead: Key Events for the Week Beginning October 12

U.S. inflation figures will be a major focus this week as investors reassess the outlook for interest rates ahead of the Federal Reserve’s October meeting. Markets currently anticipate that the central bank will leave rates unchanged, with an increase expected in December.

Third-quarter earnings from major banks will offer another perspective on the financial sector, providing insights into lending conditions, trading performance and investor appetite.

In the cryptocurrency sector, Ethereum developers are set to discuss upcoming network upgrades, while Singapore’s public consultation on stablecoin regulation reaches its deadline.

What to Watch

All times are Eastern Time (ET), unless otherwise noted.

Crypto

• October 15: ArbitrumDAO’s proposed USDG initiative is expected to enter an off-chain vote, with the voting period scheduled to continue through October 22.
• October 15, 10 a.m.: Ethereum developers will hold All Core Devs Consensus Call No. 189 to discuss the Glamsterdam and Hegotá upgrades.
• October 16: Balancer partners must submit requests for extensions covering specific v3 pools through November 30 under the protocol’s approved wind-down plan.
• October 16, 11:59 a.m.: The Monetary Authority of Singapore’s consultation on stablecoin regulation will close.

Macroeconomic Data and Events

• October 12: U.S. bond markets will be closed for Columbus Day, while stock markets remain open.
• October 13, 9:30 p.m.: China’s September consumer price index (CPI) is forecast to rise 1.0% year over year, compared with 0.8% previously. The producer price index (PPI) is expected to increase 4.5%, up from 3.8%.
• October 14, 8:30 a.m.: U.S. September CPI inflation is projected at 0.6% month over month, compared with 0.4% previously, and 3.6% year over year, up from 3.4%.
• October 14, 8:30 a.m.: U.S. core CPI is forecast to rise 0.2% monthly, down from 0.3%, while annual core inflation is expected to reach 2.5%, compared with 2.4%.
• October 15, 2 a.m.: U.K. GDP for August is expected to contract 0.1% month over month, following a 0.4% increase.
• October 15, 8:30 a.m.: U.S. September PPI is forecast to increase 0.5% monthly, compared with 0.4% previously. Annual producer inflation is expected at 5.3%, down from 5.4%.
• October 15, 8:30 a.m.: U.S. core PPI is projected to rise 0.3% month over month, compared with 0.2% previously, while its annual rate is expected to ease to 4.4% from 4.6%.
• October 15, 8:30 a.m.: U.S. retail sales are expected to increase 0.3% in September, following a 1.2% gain.
• October 15, 8:30 a.m.: Initial U.S. jobless claims for the week ending October 10 are estimated at 195,000, compared with 197,000 previously. Continuing claims for the week ending October 3 were previously reported at 1.716 million.
• October 15, 11:30 p.m.: U.S. Fed Chair Kevin Warsh is scheduled to speak with International Monetary Fund Managing Director Kristalina Georgieva.
• October 16, 5 a.m.: Final eurozone CPI inflation for September is expected to show an annual rate of 3.8%, compared with 3.2% previously.

Corporate Earnings

• October 14: BlackRock (BLK) is scheduled to report earnings before the market opens, with an estimate of $14.24.
• October 15: BNY (BNY) is expected to report before the market opens, with an estimate of $2.27.

Token Events

Governance Votes and Developer Calls

• Balancer: A proposal to establish an independent, self-funded fork is up for a vote, with voting scheduled to end October 13.
• Compound: A proposal to withdraw and bridge wrapped Ether (wETH) reserves from its deprecated Ronin market to the Ethereum mainnet is being voted on. Voting ends October 13.
• Gitcoin: A proposal seeks to reduce the Snapshot quorum from 2.5 million GTC to 1.5 million GTC, lowering the voting threshold required for a valid proposal. Voting closes October 15.

Token Unlocks

• October 15 — Starknet (STRK): 3.37% of its circulating supply is scheduled to unlock, with an estimated value of $13.2 million.
• October 15 — Connex (CONX): 1.39% of circulating tokens will be released, valued at approximately $12.18 million.
• October 16 — Arbitrum (ARB): 1.56% of its circulating supply is set to unlock, worth around $18.07 million.
• October 17 — Cronos (CRO): 2.33% of circulating tokens are scheduled for release, valued at approximately $73.08 million.

Token Launches and Claims

• October 15: Sonic’s final deadline for claiming Season 1 and Season 2 airdrops.

Cryptocurrency Conferences

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

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