The spotlight is firmly on the crypto market during the week following a spurt of liquidations between October 10 and October 17, with BTC and ETH trading well below their respective early October highs.
Despite market uncertainty, there are a number of catalysts afoot, 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 acted as a driver of price action over the past month, will host a payments conference in Washington on Oct. 21, with traders anxiously awaiting any hints or suggestions about upcoming monetary policy.
What to see
- Crypto
- October 20: Ether Treasury firm ETHZilla Corporation (ETHZ) will implement a 1-for-10 reverse stock split, reducing outstanding shares from about 160 million to 16 million.
- 22 Oct at 11: Circle is hosting a virtual seminar on Zoom called “Inside the Circle Payments Network (CPN)” to explain how financial institutions can leverage CPN for fast, compliant stablecoin 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’s scheduled maintenance upgrade suspends all trading and transfers from 10 a.m. to 2 p.m.; Trading in derivatives in the US is halted at 7:00 a.m. to 4:00 p.m
- Macro
- 20 Oct at 8.30am: Canada Sept. PPI. Headline YoY (Previous 4%), MoM (Previous 0.5%).
- Oct. 21, 8:30 a.m.: Canada Sept. Inflation Rate. Headline YoY (Prev 1.9%), MoM Est. (Previous -0.1%). Core y/y (previously 2.6%), monthly month (previously 0%).
- October 21: The Federal Reserve Board hosts a payments innovation conference in Washington. Watch live.
- 23 Oct at 8:30 a.m.: Due to the ongoing federal government shutdown, the U.S. Department of Labor is not releasing its usual weekly initial and continuing jobless claims reports.
- 23 Oct at 10: Sales of existing homes in the US (Sept. 4M).
- 24 Oct at 8:30 am: Inflation rate in the US in September. Headline YoY (Prev 2.9%), MoM Est. 0.3%. Core y/y (previously 3.1%), MoM estimated. 0.3%.
- October 24, at 9:45 AM: S&P Global US October PMI (Flash). Composite (Previous 53.9), Manufacturing (Previous 52), Services (Previous 54.2).
- 24 Oct at 10: Oct. Michigan Consumer Sentiment (Final) Est. 55.
- Earnings (Estimated based on FactSet data)
- October 21: Galaxy Digital (GLXY), premarket.
- October 22: Tesla (TSLA), after market.
Token Events
- Governance votes and calls
- GnosisDAO votes on a proposal to fund ProbeLab with $105K to develop detailed performance and security metrics for the Gnosis Chain P2P network. Voting ends October 21.
- 1inch DAO votes to remove 5% Unicorn Power stake requirement for Fusion resolvers. Voting ends October 21.
- The Lido DAO votes to let the Lido Ecosystem Foundation manage all stETH and wstETH bridging partnerships, with a new Bridging Security Committee empowered to veto risky deals and the DAO retaining final oversight. Voting ends October 22.
- SSV DAO votes to amend DIP-31 refocusing SSV 2.0 on Compose, a protocol that enables atomic cross-rollup transactions to reduce L2 fragmentation and advance SSV beyond Distributed Validator Technology. Voting ends October 23.
- Decentraland DAO votes to launch DAO Land Access Program, allowing creators to temporarily use unused DAO land for projects such as art, education and social spaces. Voting ends October 25.
- Lisk DAO votes on a 4M LSK proposal to launch the Lisk DAO Fund, replacing grants with investments in top Lisk startups. Voting ends October 29.
- The Arbitrum DAO votes on a proposal to transfer 8,500 ETH from its treasury to the Arbitrum Treasury Management Council to activate idle funds and generate returns. Voting ends October 30.
- Unlocks
- October 20: to unlock 7.86% of its circulating supply, worth $41.9 million.
- October 22: Roll ( SCR ) to unlock 43.42% of its circulating supply, worth $13.56 million.
- October 22: MultiBank Group (MBG) unlocks 11.97% of its circulating supply, worth $16.87 million.
- October 23: Soon (SOON) to unlock 4.52% of its circulating supply, worth $12.4 million.
- October 25: Plasma to unlock 4.97% of its circulating supply worth $34.65 million.
- The token is launched
- October 20: Falcon Finance’s S2 staking deadline.
- October 23: DFDV shareholders receive a warrant dividend.
- October 23: Venice (VVV) to reduce emissions from 10M/year to 8M/year.
Conferences
