Crypto Rebounds After Fed Rate Hike as Bulls Return: Week Ahead

Here’s a look at the major developments expected during the week beginning Sept. 21.

Crypto markets have started the week on a stronger footing, with bitcoin approaching the $84,000 level. For now, the market appears to be absorbing the hawkish reaction to last week’s Federal Reserve rate hike, which lifted the benchmark target rate to 4.00%.

The week’s macroeconomic focus will turn to U.S. jobless claims, new home sales and durable goods data due around the middle of the week. Investors will also continue assessing the global interest-rate outlook following recent policy decisions by the Bank of Japan and Bank of England.

In crypto market structure, a key development will be the SEC’s launch of its framework for a pilot program involving tokenized securities.

What to Watch

All times ET

Crypto

Sept. 22: The SEC’s conditional five-year exemption period begins, enabling selected institutional venues to start pilot trading of tokenized stocks directly on public blockchains.

Macro

Sept. 24, 8:30 a.m.: Canada Retail Sales for August, month-over-month. The estimate is -0.8%, compared with 0.6% previously.

Sept. 24, 8:30 a.m.: U.S. Initial Jobless Claims for the period ending Sept. 19. The forecast is 201,000, versus 196,000 previously.

Sept. 24, 10:00 a.m.: U.S. New Home Sales for August. The estimate stands at 700,000, down from 739,000 previously.

Sept. 25, 8:30 a.m.: U.S. Durable Goods Orders for August, month-over-month. The forecast is -0.3%, compared with 1.1% previously.

Sept. 25, 10:00 a.m.: Final September reading of the University of Michigan Consumer Sentiment Index. The estimate is 47.8, compared with 51.7 previously.

Earnings

No major earnings reports are scheduled.

Token Events

Governance Votes and Calls

Lido DAO: Voting ends Sept. 21 on a proposal that would authorize a contingent market-making mandate for LDO on centralized exchanges. The plan would allocate up to $1.5 million in recallable LDO and 480,000 USDC to support order-book liquidity and reduce the risk of potential exchange delistings.

Uniswap Governance: A temperature check on extending the protocol’s fee-collection and UNI-burn infrastructure to Arc, Circle’s layer-1 network, is scheduled to conclude Sept. 23.

CoW DAO: Voting ends Sept. 25 on a proposed overhaul of its solver quote competition. The plan would dedicate a quote-reward budget equivalent to 10% of protocol revenue, with the goal of improving price routing and order conversion.

Token Unlocks

Sept. 21: Canton (CC) will unlock 0.38% of its circulating supply, valued at approximately $17.17 million.

Sept. 22: TON will release 1.3% of its circulating supply, worth about $51.2 million.

Sept. 23: Humanity (H) is scheduled to unlock 14.7% of its circulating supply, valued at approximately $20.8 million.

Token Launches

No major confirmed token launches are scheduled for the week.

Conferences

No major conferences are currently scheduled.

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