The Federal Reserve meets this week to set US interest rates. The Federal Open Markets Committee (FOMC) is likely to cut the target rate by 25 basis points to 3.50% to 3.75% when it publishes its decision on December 10, according to CME’s Fedwatch tool. Lower rates often tend to encourage investing in riskier, more volatile assets such as cryptocurrencies and stocks in search of higher returns.
Do Kwon, founder of Terraform Labs, is due to be sentenced on December 11 after pleading guilty to defrauding investors. US prosecutors recommended a 12-year sentence. The crash of Do Kwon’s UST algorithmic stablecoin and its associated luna token contributed heavily to the brutal 2022 market crash, often referred to as “crypto winter.”
What to see
- Crypto
- December 8: EstateX (ESX) platform goes live for Unicorn Club members (1M ESX required) and NFT holders; first property put up for sale.
- December 8 (open market): ProCap Financial Inc. (BRR), formed by the merger of Columbus Circle Capital Corp. I and ProCap BTC, LLC, begin trading on the Nasdaq Global Market.
- 8 December at 11:30: Enjin (ENJ) activates the Senotsa upgrade on the mainnet of both Relaychain and Matrixchain.
- 8 December at 1.30pm: Hive folders (HONEY) AMA at X Spaces.
- December 9: Twenty One Capital begins trading on the NYSE under the ticker XXI following its merger with Cantor Equity Partners (CEP).
- 10 December at 06.00: Kaia (KAIA) Korea AMA at X Spaces.
- December 10: Celo’s Jello hardfork to bring ZK-powered bug proofs to the network.
- 11 December at 11: Terraform Labs co-founder Do Kwon, who pleaded guilty in August to US conspiracy and wire fraud charges, faces sentencing in New York by Judge Paul Engelmayer. The prosecutor wants up to 12 years, the defense wants five.
- 11 December at 15: Chia (XCH) AMA on Zoom.
- December 12: EstateX (ESX) platform becomes available to all; fractions of real estate can be purchased through PROPX.
- December 13 (approx): Bittensor (TAO) first halving event will reduce daily TAO emissions from 7,200 to 3,600.
- 13 December at 12:00 Xelis (XELIS) smart contracts go live online.
- Macro
- 9 December at 7: Mexico November inflation. Headline YoY (previously 3.57%), MoM (previously 0.36%). Core y/y (previously 4.28%), MoM (previously 0.29%).
- 9 December at 08.15: ADP employment change weekly (previous -13.5K).
- 9 December at 10: Job Openings and Labor Turnover Survey (JOLTS) Report. September Job Openings Est. 7.2 million, Sept. Job stops (previously 3,091 million).
- 10 December at 07.00: Headline inflation rate in Brazil November yy (previously 4.68%), estimated monthly month. 0.09%.
- December 10, 9:45 a.m.: Bank of Canada interest rate decision. Benchmark interest rate (previously 2.25%). 10.30 press conference
- 10 December at 14: Federal Open Market Committee (FOMC) interest rate decision (25 basis point cut to 3.5%-3.75% expected) and economic projections; 14.30 press conference (watch live).
- 10 December at 16.30: Brazil’s central bank’s interest rate decision. Benchmark rate (Previous 15%).
- 11 December at 8.30am: Week Ended Dec 6 US (Prev 191,000), Continuing US Jobless Claims For Week Ended Nov 29 (Prev 1939,000).
- Earnings (Estimated based on FactSet data)
Token Events
- Governance votes and calls
- Celo Public Goods votes on the December award for “Support Streams Season 1”, distributing CELO and OP to projects based on stCELO votes. Voting ends December 8.
- Aave DAO votes to embed the Paxos-issued USDG stablecoin into the Aave V3 Core instance. Voting ends December 8.
- ENS DAO votes for a “temperature check” to commission an independent review of its operations and spending over the past two years. Voting ends December 9.
- The CoW DAO votes on CIP-76 to approve a 2026 budget of 13.8 million USDC and a 100 million COW token top-up for its core team’s operations and incentives. Voting ends December 9.
- GnosisDAO votes on GIP-144 to renew Blockscout’s hosting and SLA services for the 2026 calendar year. Voting ends December 9.
- MoonDAO votes on MDP-204 to revise its project system by switching to quarterly voting and monthly reporting. Voting ends December 10.
- The Arbitrum DAO votes on a one-year initiative funded by the existing DIP budget to financially reward delegates with over 200,000 ARBs who vote consistently and publish their reasoning. Voting ends December 11.
- Unlocks
- December 10: to unlock 6.76% of its circulating supply, worth $14.63 million.
- December 11: to unlock 0.96% of its circulating supply, worth $21.04 million.
- December 13: to unlock 2.86% of its circulating supply, worth $11.02 million.
- The token is launched
- December 8: Stable (STABLE) mainnet goes live. The token will be listed on MEXC, Bitfinex, Phemex and others.
- December 9: HumidiFi’s WET token claim period starts, liquidity pools go live.
- December 10: must be listed on Kraken.
Conferences
