The coming week will be dominated by data from the broader economy, with employment and inflation reports in the US and interest rate decisions in Japan and Europe. Coinbase, the largest publicly traded crypto exchange, is announcing a system update that is expected to include an internal prediction market.
US non-farm payrolls data, usually released on the first Friday of each month, is scheduled for Tuesday, delayed by the 36-day government shutdown. The number is one of the most influential measures of the world’s largest economy and can influence attitudes towards risky investments.
The Bank of Japan is likely to raise its benchmark interest rate for the first time since January. Economists forecast a rise of 25 basis points to 0.75%, the highest in about 30 years. A stronger yen has historically coincided with downward pressure on bitcoin . Friday’s decision follows policy statements from the European Central Bank and the Bank of England earlier this week.
What to see
- Crypto
- 15 December at 5: Asters L1 testnet AMA on Discord.
- 15 December at 10: Conflux (CFX) AMA on “AI Agents in Web3” at X Spaces.
- 16 December at 2:00 a.m.: EVM mainnet network upgrade.
- 17 December at 17: Coinbase System Update (a set of new features for the Coinbase platform expected to include tokenized stocks and prediction markets) live stream on X.
- Macro
- 15 December at 08.30: Canada November Inflation rate. Headline YoY (Previous 2.2%), MoM (Previous 0.2%). Core y/y (previously 2.9%), MoM (previously 0.6%).
- 15 December at 9:30 a.m.: Federal Reserve Governor Stephen I. Miran speech (“The Inflation Outlook”). Watch live.
- 16 December at 8:15 AM: Weekly Change in Employment Effort for ADP Employment Prev. 4.75K.
- 16 December at 8:30 AM: US employment data for November. Non-Farm Payrolls Est. 35K; Unemployment Rate Est. 4.4%; Average hourly earnings year/year (previously 3.8%).
- 16 December at 09.45: S&P Global (Flash) US dec. PMI Composite (previously 54.2), manufacturing (previously 52.2), services (previously 54.1).
- December 17: Federal Reserve Governor Christopher J. Waller speech (“Economic Outlook”). Watch live.
- 18 December at 7: Bank of England interest rate decision. Benchmark rate Est. 3.75%.
- 18 December at 8:15: The European Central Bank’s interest rate decision. Benchmark rate Est. 2.15%.
- 18 December at 08.30: Inflation rate in the USA November. (No estimates available)
- 18 December at 08.30: US jobless claims. Initial (for week ending December 13) (Previous 236K), continuing (for week ending December 6) (Previous 1838K).
- 18 December at 14: Argentina 3rd unemployment rate (previously 7.6%).
- 18 December at 14: Central Bank of Mexico interest rate decision. Benchmark interest rate (previously 7.25%).
- December 19, at 10: USA (finally) dec. University of Michigan study. Consumer Sentiment Index Est. 53.3; Inflation expectations Est. 4.1%.
- Earnings (Estimated based on FactSet data)
Token Events
- Governance votes and calls
- Sushi DAO votes to more than triple SUSHI annual emissions from 1.5% to 5% (~14.25M tokens/year) to fund deep liquidity incentives, private capital deals and the new Blade AMM, targeting $20M in annual revenue. Voting ends December 14.
- The Streamr DAO votes to incentivize its CEO and CTO with performance-based token grants that are only triggered if the DATA price hits specific milestones between $0.05 and $1.00. Voting ends December 15.
- Moon’s DAO votes to elect an Ecosystem Growth Officer to manage strategic partnerships and expand the DAO’s reach. Voting ends December 16.
- SSV Network votes to streamline committee operations (DIP-47) and limit the ETH/SSV fee ratio to 700 (DIP-49). Voting ends December 17.
- Lido DAO is voting on a transformative package to pivot from a pure staking protocol to a diversified DeFi product package over the next three years. Voting ends December 19.
- CoW DAO votes to dissolve the Sprinter solver commit pool and return the deposited 500,000 USDC and 1.5M COW to the original funders. Voting ends December 19.
- The Arbitrum DAO votes to enable the ArbOS 51 upgrade on January 8, which introduces a 32M transaction gas limit, dynamic gas targets, and a doubled minimum base fee to improve network scalability. Voting ends December 19.
- BNB Chain votes to reduce the number of consecutive blocks a validator produces to 8 from 16. This adjustment aims to prevent large chain realignments and prioritize network stability. Voting ends December 22.
- The Sandbox DAO votes to select one of the curated artists to create a commissioned NFT artwork for the DAO’s collection, and awards the winner a grant of 8,000-12,000 USDC from the existing SIP-26 budget. Voting ends December 24.
- December 18: Celo hosts a government call.
- December 18: Changelly to host a Web3 Stand Up speech on pumps and landfills.
- Unlocks
- December 15: to unlock 1.61% of its circulating supply, worth $21.99 million.
- December 15: to unlock 5.07% of its circulating supply, worth $13.87 million.
- December 16: to unlock 1.9% of its circulating supply, worth $19.88 million.
- December 20: to unlock 6.79% of its circulating supply worth $37.28 million.
- The token is launched
Conferences
