In the coming week, the US Senate will return from recess, with the Clarity Act on the agenda, while the National Credit Union Administration’s window for comments on stablecoin issuer rules closes.
On top of that, April 15 brings the US tax filing deadline, which could put pressure on cryptocurrency holders managing their finances and add volatility to the market.
The macro front will see markets digesting critical data, including US producer price inflation, to help assess the direction of the Federal Reserve’s interest rate policy.
Earnings from Goldman Sachs, JPMorgan and BlackRock could provide further hints about how their crypto-linked ventures are faring and how institutional appetite is developing.
What to see
(All times ET)
- Crypto
- April 13: The US Senate returns from recess and the Clarity Act debate resumes.
- April 13: Comment period closes on US National Credit Union Administration’s proposed rule on permitted payment stablecoin issuer applications
- April 15: Deadline for filing US taxes, including crypto, for individual tax returns.
- April 17: Mercado Libre shuts down Mercado Coin.
- Macro
- April 13: China’s M2 money supply y/y for March estimated 8.9% (Prev 9%)
- April 14 at 8:30am: US Producer Price Index (PPI) MoM for March (Prev +0.7%); Core PPI MoM (previously 0.5%)
- 15 April at 21:00: China’s 1Q GDP YoY growth estimated at 5% (previously 4.5%)
- April 16, 04:00: Eurozone Consumer Price Index (CPI) Rate YoY for March Estimated 2.3% (Previous 2.4%)
- April 16 at 7.30am: US Initial Jobless Claims for Week Ending April 11 (Prev 219,000)
- 17 April at 14:00: US Fed Governor Christopher J. Wallet speech on Economic Outlook.
- Earnings (Estimated based on FactSet data where available)
- April 13: Goldman Sachs (GS), pre-market, $16.41
- April 14: JPMorgan Chase (JPM), pre-market, $5.47
- April 14: BlackRock (BLK), premarket, $12.06
- April 15: Morgan Stanley (MS), pre-market, $3.02
- April 16: Bank of New York (BNY), premarket, $1.93
Token Events
- Governance Voices and calls
- The Compound DAO votes on several cross-chain market updates, including implementing CAPO price feeds on Unichain, deprecating stMATIC on Polygon, switching to API3 oracles on Ronin, and expanding security limits for Polygon markets. Voting ends April 13.
- Lido DAO votes on operational updates covering a 10,000 stETH LDO accumulation program, a transition to node operator management, incentive redirects, multisig policy updates, and increased Alliance BORG transfer limits. Voting ends April 13.
- OlympusDAO votes to determine the distribution timeline for its Cooler Drip acceleration, choosing between an accelerated 3-month, moderate 6-month, or conservative 12-month cadence for daily gOHM rewards. Voting ends April 13.
- Decentraland DAO votes to remove an inactive catalyst node from its network following its shutdown, a move that will also rebalance the network to maintain four foundation nodes and five community nodes. Voting ends April 14.
- Cardano DAO votes to approve a treasury withdrawal of 50 million ADA to support the Cardano x Draper Dragon: Orion Fund. Voting ends April 14.
- ENS DAO votes to automate treasury operations by directing revenue directly to the fund for immediate returns and allowing the treasury manager to maintain a six-month operational runway without routine votes. Voting ends April 14.
- The Squid DAO votes to approve the category weighting for their April SQUID token drop, which rewards community members for March activities across different areas. Voting ends April 15.
- SafeDAO votes to allocate 5 million SAFE to fund a six-month stake reward program and interface development for Safenet Beta. Voting ends April 20.
- Unlocks
- April 15: Connex (CONX) unlocks 1.52% of its circulating supply, worth $18.39 million.
- April 16: Arbitrum (ARB) unlocks 1.75% of its circulating supply, worth $10.8 million.
- April 17: DeBridge (DBR) unlocks 12.9% of its circulating supply, worth $9.19 million.
- The token is launched
- April 15: HTX Global concludes its quarterly HTX token burn.
- April 15: Tradoor airdrop expected to begin.
