What’s Next in Crypto: Fed Moves and Do Kwon Court Date

Crypto Week Ahead: Fed Rate Cut, Do Kwon Sentencing, and Market Highlights

This week, investors are eyeing the Federal Reserve as the FOMC is expected to cut U.S. interest rates by 25 basis points to 3.50%–3.75% on Dec. 10, according to CME’s FedWatch tool. Lower rates often encourage flows into riskier assets such as cryptocurrencies and equities.

Legal Spotlight
Terraform Labs co-founder Do Kwon is set for sentencing on Dec. 11 after pleading guilty to defrauding investors. Prosecutors are seeking 12 years, while the defense requests five. The collapse of UST and LUNA was a major contributor to the 2022 crypto market downturn.

Crypto Events

Dec. 8: EstateX (ESX) launches for Unicorn Club members and NFT holders. ProCap Financial (BRR) begins Nasdaq trading. Enjin (ENJ) activates Senotsa upgrade; Hivemapper (HONEY) AMA on X Spaces.
Dec. 9: Twenty One Capital (XXI) begins NYSE trading. ENS DAO and CoW DAO votes conclude.
Dec. 10: Celo Jello hardfork introduces ZK fault proofs. Kaia (KAIA) AMA on X Spaces. FOMC rate decision and economic projections; Bank of Canada and Brazil central bank rate decisions. MoonDAO voting closes.
Dec. 11: Do Kwon sentencing; Chia (XCH) AMA. Arbitrum DAO vote concludes.
Dec. 12–13: EstateX public launch; Bittensor (TAO) halving; Xelis (XELIS) smart contracts go live. CHEEL, APT, and LINEA token unlocks.

Macro Highlights
Mexico inflation, U.S. ADP jobs, JOLTS report, Brazil inflation, U.S. initial and continuing jobless claims.

Token & Governance Updates
Ongoing DAO votes for Celo, Aave, ENS, CoW, Gnosis, Moon, Arbitrum through Dec. 11. Token launches include STABLE, WET, and LAVA this week.

The week promises heightened volatility, with interest rate moves, regulatory developments, and high-profile events shaping crypto and equity markets.