Fed Rate Decision and a Potential Merger: Crypto Week Ahead

The crypto market will be watching this week to see if bitcoin and ether can make a meaningful move to break a level of support or resistance, or whether the range-bound behavior will continue.

There are a number of market catalysts over the coming week; in particular, a virtual Core Scientific (CORZ) meeting on October 30, which will outline the decision on a vote on a potential merger with CoreWeave (CRWV). The Federal Reserve will also make a decision on interest rates on October 29, which is being touted as the biggest market mover.

What to see

  • Crypto
    • 27 October at 10: Kadena (KDA) Chief Business Officer Annelise Osborne hosts an AMA on Telegram.
    • October 28, 2:53 PM: Ethereum’s Fusaka hard fork upgrade is expected to be applied to the Hoodi testnet.
    • October 30: Cronos (CRO) mainnet receives the “Smarturn” upgrade.
    • 30 October at 10: Core Scientific (CORZ) virtual special meeting for shareholder vote on merger with CoreWeave (CRWV) and related executive compensation.
    • October 30: HashKey Chain (HSK) pauses new staking orders to update the staking contract, promising improved returns and a more sustainable APY.
    • November 1: P2P crypto marketplace Paxful shuts down operations before this date.
    • November 2: Dogeday 2025 Community Celebration at Sakura Hometown Square, Chiba, Japan
  • Macro
    • 27 Oct at 10.30: Dallas Fed production index for Oct. (previously -8.7).
    • 28 Oct at 08.00: The unemployment rate in Mexico Sept. (Previous 2.9%).
    • 28 Oct at 10: Oct. Richmond Fed Manufacturing Index (Prev -17).
    • 29 Oct at 9:45 am: Bank of Canada rate decision. Political interest rate (previously 2.5%). The press conference starts 45 minutes later; watch live.
    • 29 October at 14: Federal Reserve interest rate decision. Fed Funds Rate Target Range Est. 3.75%-4%. Press conference starts 30 minutes later; watch live.
    • Oct. 30 at 8: Mexico’s GDP growth for the third quarter (preliminary). YoY (Previous 0%), QoQ (Previous 0.6%).
    • October 30, 9:55 a.m.: Federal Reserve Vice Chair for Supervision Michelle W. Bowman speaks at outreach meeting on economic growth and regulatory paperwork. Watch live.
    • 31 Oct at 08.00: Brazil, Sept. Unemployment rate (previously 5.6%).
    • 31 Oct at 8.30: Canada August. GDP MoM Est. 0%.
  • Earnings (Estimated based on FactSet data)
    • October 28: PayPal Holdings (PYPL), pre-market.
    • October 30: Coinbase Global (COIN), post-market.
    • October 30: Reddit (RDDT), after the market.
    • October 30: Riot Platforms (RIOT), post-market.
    • October 30: Strategy (MSTR), post-market.
    • November 3: Cipher Mining (CIFR), pre-market.

Token Events

  • Governance votes and calls
    • 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.
    • GnosisDAO votes to replace subgraph-based voting with on-chain and beacon chain data, adds StakeWise (sGNO, osGNO) support and improves voting accuracy while removing dependency on The Graph. Voting ends October 28.
    • 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.
    • ZKsync DAO votes to allocate 33 million ZK (~$1.65m) to the ZKsync Association to maintain and improve management infrastructure through 2026. Voting ends on October 29th.
    • ENS DAO votes to fund ENS Contract Naming Season, a six-month program led by Enscribe with 75K USDC and 10K ENS to promote smart contract naming, boost ENS adoption and improve Ethereum UX. 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 25: Plasma to unlock 4.97% of its circulating supply worth $34.65 million.
    • October 28: to unlock 21.48% of its circulating supply, worth $12 million.
    • October 28: to unlock 72.4% of its circulating supply, worth $77.4 million.
    • October 28: to unlock 1.72% of its circulating supply, worth $19.5 million.
    • October 30: to unlock 4.55% of its circulating supply, worth $15.75 million.
    • October 30: to unlock 5.99% of its circulating supply, worth $13.65 million.
    • October 31: Immutable (IMX) to unlock 1.24% of its circulating supply, worth $13.07 million.
    • October 31: to unlock 1.71% of its circulating supply, worth $13.79 million.
    • Nov. 1: to unlock 1.21% of its circulating supply, worth $108.14 million.
    • Nov. 1: to unlock 12.1% of its circulating supply, worth $40.87 million.
    • November 2: to unlock 0.6% of its circulating supply, worth $19.05 million.
  • The token is launched

Conferences

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