Next week will focus on broader economic data, including US employment and inflation reports and interest rate decisions in Japan and Europe. Coinbase, the largest publicly traded cryptocurrency exchange, has announced an upcoming system update that will include an internal prediction market.
U.S. nonfarm payrolls numbers, typically released on the first Friday of each month, will be released on Tuesday after a delay due to the 36-day government shutdown. This number is one of the most influential indicators of the world’s largest economy and can influence attitudes towards risky investments.
The Bank of Japan is likely to raise its base interest rate for the first time since January. Economists forecast a 25 basis point (bp) hike to 0.75%, the highest level in nearly 30 years. The appreciation of the yen has historically coincided with downward pressure on Bitcoin. BTC$89,911.07. Friday’s decision follows policy statements from the European Central Bank and Bank of England released earlier in the week.
what to see
- cryptography
- December 15th 5am: Aster aster$0.9342 Discord’s L1 testnet AMA.
- December 15th, 10am: Conflux (CFX) AMA on X Spaces’ “AI Agents for Web3.”
- December 16th 2am: CRO$0.09749 EVM mainnet network upgrade.
- December 17th, 5pm: Coinbase System Update (a series of new features for the Coinbase platform, expected to include tokenized stocks and prediction markets) will be livestreamed on X.
- macro
- Dec. 15, 8:30 a.m.: Canada’s November inflation rate. Headline year-on-year change (2.2% previous year), month-on-month change (0.2% previous year). Core YoY change (2.9% last time), Monthly change (0.6% last time).
- December 15, 9:30 a.m.: Speech by Federal Reserve Board Chairman Stephen I. Millan (“Inflation Outlook”). Watch it live.
- December 16th, 8:15am: US ADP Employment Change Weekly 4.75K.
- December 16th 8:30am: US November employment statistics. Estimated number of non-farm employees: 35K; estimated unemployment rate: 4.4%; average hourly wage change from previous year (3.8%).
- Dec. 16, 9:45 a.m.: S&P Global (Flash) US December PMI Composite (54.2), Manufacturing (52.2), Services (54.1).
- December 17: Speech by Federal Reserve Board President Christopher J. Waller (“Economic Outlook”). Watch it live.
- December 18th 7am: Bank of England interest rate decision. Benchmark rate estimate is 3.75%.
- December 18th, 8:15am: European Central Bank interest rate decision. Benchmark rate estimate is 2.15%.
- Dec. 18, 8:30 a.m.: US inflation rate for November. (We cannot give an estimate)
- Dec. 18, 8:30 a.m.: U.S. unemployment claims. Initial (week ending December 13th) (previously 236,000), continuing (week ending December 6th) (previously 1,838,000).
- December 18th, 2:00 pm: Argentina’s third quarter unemployment rate (previously 7.6%).
- December 18th, 2:00 pm: Mexican central bank interest rate decision. Benchmark rate (previously 7.25%).
- December 19th, 10:00 a.m.: December (final) University of Michigan survey. Consumer sentiment index estimate 53.3; inflation expectations forecast 4.1%.
- Revenue (estimated based on FactSet data)
token event
- Governance votes and calls
- Sushi DAO has voted to more than triple SUSHI’s annual emissions from 1.5% to 5% (approximately 14.25 million tokens/year) to fund deep liquidity incentives, private capital deals, and a new blade AMM with a goal of $20 million in annual revenue. Voting ends on December 14th.
- The Streamr DAO has voted to incentivize CEOs and CTOs with performance-based token grants that will only be issued when DATA price reaches certain milestones between $0.05 and $1.00. Voting ends on December 15th.
- Mr. Moon DAO is voting to elect an Ecosystem Growth Officer to manage strategic partnerships and expand the DAO’s reach. Voting ends on December 16th.
- SSV Network is voting to streamline the commission’s operations (DIP-47) and limit the ETH/SSV fee ratio to 700 (DIP-49). Voting ends on December 17th.
- Lido DAO is voting on an innovative package that will transform it from a pure staking protocol to a diverse suite of DeFi products over the next three years. Voting ends on December 19th.
- The CoW DAO is voting to dissolve the Sprinter Solver Bonding Pool and return the 500,000 USDC and 1.5 million COW deposited to the original funders. Voting ends on December 19th.
- Arbitrum DAO has voted to activate the ArbOS 51 upgrade on January 8th, introducing a 32 million transaction gas limit, dynamic gas targets, and double minimum base fees to enhance network scalability. Voting ends on December 19th.
- The BNB Chain has voted to reduce the number of consecutive blocks generated by validators from 16 to 8. This adjustment is intended to prevent large-scale chain reorganizations and prioritize network stability. Voting ends on December 22nd.
- Sandbox DAO will vote on one of its curatorial artists to create a commissioned NFT artwork for DAO’s collection, and the winner will receive a grant of 8,000-12,000 USDC from the existing SIP-26 budget. Voting ends on December 24th.
- December 18: Celo hosts governance conference call.
- December 18: Changelly hosts a Web3 stand-up talk on pumps and dumps.
- unlock
- December 15th: Concus$19.32 Releases 1.61% of circulating supply worth $21.99 million.
- December 15th: Strak$0.1049 Releases 5.07% of circulating supply worth $13.87 million.
- December 16th: ARB$0.2090 Release 1.9% of circulating supply worth $19.88 million.
- December 20th: ZRO$1.4649 Releases 6.79% of circulating supply worth $37.28 million.
- Activate token
- December 15th: NEAR Mobile’s NPRO launches.
- December 16: Neiro Woofer Pack NFT collection is launched in collaboration with OpenSea.
- December 17: Binance to be delisted F.I.S.$0.02832, spirit$0.005424and voxel$0.02039.
- December 18th: VSN$0.09090 The next quarterly write-up will take place.
conference
