The spotlight remains firmly on the crypto market during the week following a surge in liquidations between October 10 and October 17, with BTC and ETH trading well below early October highs.
Despite the market uncertainty, there are several catalysts coming with ETHzilla Corporation (ETHZ) implementing a 1-for-10 reverse stock split on Monday ahead of a major Zilliqa upgrade two days later.
The Federal Reserve, which has acted as a driver of price action over the past month, will host a payments conference in Washington on October 21, with traders eagerly awaiting any signals or suggestions about upcoming monetary policy.
what to watch
- crypto
- October 20: Ether Treasury firm EThzilla Corporation (ETHZ) will implement a 1-for-10 reverse stock split, reducing outstanding shares from approximately 160 million to 16 million.
- October 22, 11am: Circle is hosting a virtual seminar titled “Inside the Circle Payments Network (CPN)” on Zoom to explain how financial institutions can leverage CPN for fast, compliant stablecoin settlements.
- October 22: Zilliqa (ZIL) will activate its major mainnet upgrade, Zilliqa 2.0, via hard fork at block 11,998,800.
- October 25: Coinbase’s scheduled maintenance upgrade suspends all trading and transfers from 10am to 2pm; US derivatives trading is closed from 7am to 4pm
- macro
- October 20, 8:30 am: Canada September PPI. Headline YoY (previous 4%), MoM (previous 0.5%).
- October 21, 8:30: Canada September inflation rate. Title YoY (up 1.9%), Maa Est. (Prev -0.1%). Core YoY (previous 2.6%), MoM (previous 0%).
- October 21: The Federal Reserve Board will host a payments innovation conference in Washington. Watch live.
- Oct. 23, 8:30 a.m.: Due to the ongoing federal government shutdown, the U.S. Department of Labor is not releasing its usual weekly initial and continuing unemployment claims reports.
- Oct 23, 10am: US September Existing Home Sales (Prev 4M).
- October 24, 8:30 am: US September inflation rate. Title YoY (up 2.9%), Maa Est. 0.3%. Core y-o-y (previous 3.1%), MoM Est. 0.3%.
- October 24, 9:45am: S&P Global US October PMI (flash). Overall (previous 53.9), Manufacturing (previous 52), Services (previous 54.2).
- Oct. 24, 10 a.m.: October Michigan Consumer Sentiment (Final) Estimates. 55.
- Earnings (estimates based on FactSet data)
- October 21: Galaxy Digital (GLXY), pre-market.
- October 22: Tesla (TSLA), post-market.
symbolic events
- governance vote and call
- GnosisDAO is voting on a proposal to fund ProbeLab with $105K to develop detailed performance and security metrics for the Gnosis Chain P2P network. Voting will end on October 21.
- 1inch is voting to remove the 5% unicorn power staking requirement for the DAO Fusion Resolver. Voting will end on October 21.
- The Lido DAO is voting to let the Lido Ecosystem Foundation lead all STETH and wSTETH bridge partnerships, with a new bridging security committee given the power to veto risky deals and the DAO maintaining final oversight. Voting will end on October 22.
- The SSV DAO is voting to amend DIP-31 to refocus SSV 2.0 on Compose, a protocol that enables atomic cross-rollup transactions to reduce L2 fragmentation and move SSV forward with distributed validator technology. Voting will end on October 23.
- Decentraland DAO is voting to launch the DAO Land Access Program, which allows creators temporary use of unused DAO land for projects like art, education, and social spaces. Voting will end on October 25.
- Lisk DAO is voting on a 4M LSK proposal to launch a Lisk DAO fund replacing grants with investments in top Lisk startups. Voting will end on October 29.
- Arbitrum DAO is voting on a proposal to transfer 8,500 ETH from its treasury to the Arbitrum Treasury Management Council to activate dormant funds and generate yield. Voting will end on October 30.
- unlock
- 20 October: To unlock 7.86% of its circulating supply worth $41.9 million.
- October 22: Scroll (SCR) unlocked 43.42% of its circulating supply worth $13.56 million.
- October 22: MultiBank Group (MBG) will unlock 11.97% of its circulating supply worth $16.87 million.
- October 23: Soon (SOON) will unlock 4.52% of its circulating supply worth $12.4 million.
- October 25: Plasma To unlock 4.97% of its circulating supply worth $34.65 million.
- token launch
- October 20: Falcon Finance’s S2 staking deadline.
- October 23: Holders of DFDV common stock will receive warrant dividends.
- 23 October: Venice (VVV) will reduce emissions from 10M/year to 8M/year.
conference