FTX Payouts, U.S. Tariffs, Nonfarm Payrolls: Crypto Week Ahead

FTX Payouts, U.S. Tariffs, Nonfarm Payrolls: Crypto Week Ahead
Source:Coin Desk
00:00 / 00:00

Market activity is likely to be overshadowed by Friday's monthly U.S. employment figures, with nonfarm payrolls forecast set to increase by 39,000. The figure, seen as a barometer of the health of the world's largest economy, is one of the most closely watched economic statistics. In the meantime, long-suffering creditors of bankrupt crypto exchange FTX, which failed in 2021, start receiving a total of $1.6 billion as the estate begins its third tranche of payouts. Arbitrum, the blockchain, is voting on investing its stash of idle ether (ETH) to earn rewards.

What to Watch

  • Crypto
    • Sept. 29, 8:00 p.m.: (CAKE) support for Polygon zkEVM liquidity pools and Perpetual V1 orderbook. Users must withdraw funds by deadline.
    • Sept. 30: FTX $1.6 billion third creditor payout under bankruptcy plan via BitGo, Kraken and Payoneer. Creditors must complete KYC and tax forms to qualify.
    • Sept. 30: (STRK) BTC staking on mainnet, enabling wrapped BTC tokens staking with 25% consensus weight; un-staking period cut to 7 days; rewards start.
  • Macro
    • Sept. 29, 7:30 a.m.: Fed Governor Christopher J. Waller gives a speech on "Payments" in Frankfurt.
    • Sept. 29, 10:30 a.m.: Sept. Dallas Fed Manufacturing Index (Prev. -1.8)
    • Sept. 29, 1 p.m.: U.S. agencies SEC and CFTC hold a on regulatory harmonization efforts. .
    • Sept. 30, 2 a.m.: U.K. Q2 GDP Growth Rate (final). YoY Est. 1.2%, QoQ Est. 0.3%.
    • Sept. 30, 6 a.m.: Fed Vice Chair Philip N. Jefferson gives a speech on "Monetary Policy Frameworks and the U.S. Economic Outlook" in Helsinki.
    • Sept. 30, 10 a.m.: U.S. Aug. JOLTS report. Openings (Prev. 7.181M), Quits (Prev. 3.208M).
    • Sept. 30, 10 a.m.: U.S. Sept. CB Consumer Confidence. Est. 96.
    • Sept. 30: Deadline for the U.S. Congress to pass the annual federal appropriations bill funding government operations.
    • Oct. 1, 12:00 a.m.: take effect. 100% on patented drugs without U.S. manufacturing, 50% on kitchen cabinets, 30% on upholstered furniture and 25% on heavy trucks.
    • Oct. 1, 4:30 a.m.: S&P Global Canada Sept. Manufacturing PMI (flash). Est. 46.2.
    • Oct. 1, 5:00 a.m.: Eurozone Sept. headline inflation rate (flash). YoY (Prev. 2%), MoM (Prev. 0.1%), core YoY (Prev. 2.3%).
    • Oct. 1, 8:15 a.m.: U.S. Sept. ADP Employment Change (Prev. 54K).
    • Oct. 1, 9 a.m.: S&P Global Brazil Sept. Manufacturing PMI (Prev. 47.7).
    • Oct. 1, 9:30 a.m.: S&P Global Canada Sept. Manufacturing PMI (Prev. 48.3).
    • Oct. 1, 9:45 a.m.: S&P Global U.S. September Manufacturing PMI (final). Est. 52.
    • Oct. 1, 10 a.m.: U.S. ISM Sept. Manufacturing PMI Est. 49.2.
    • Oct. 1, 10 a.m.: U.S. Senate Finance Committee titled “Examining the Taxation of Digital Assets”
    • Oct. 1, 11 a.m.: S&P Global Mexico Sept. Manufacturing PMI (Prev. 50.2).
    • Oct. 2, 5 a.m.: Eurozone Aug. Unemployment Rate (Prev. 6.2%).
    • Oct. 2, 8:30 a.m.: U.S. Jobless Claims initial (for week ended Sept. 27) Est. 220K, continuing (for week ended Sept. 20) (Prev. 1926K).
    • Oct. 3, 4:30 a.m.: S&P Global U.K. Sept. Composite PMI (final). Est. 51, Services PMI (final) Est. 51.9.
    • Oct. 3, 5 a.m.: Eurozone Aug. PPI YoY (Prev. 0.2%), MoM (Prev. 0.4%).
    • Oct. 3, 8:30 a.m.: U.S. Sept. Employment Situation nonfarm payrolls Est. 39K, unemployment rate Est. 4.3%.
    • Oct. 3, 9 a.m.: S&P Global Brazil Sept. PMI composite (Prev. 48.3), services (Prev. 49.3).
    • Oct. 3, 9:30 a.m.: S&P Global Canada Sept. PMI composite (Prev. 48.4), services (Prev. 48.6).
    • Oct. 3, 9:45 a.m.: S&P Global U.S. Sept. PMI composite Est. 53.6, services Est. 53.9.
    • Oct. 3, 10 a.m.: U.S. ISM Sept. Services PMI Est. 52.
  • Earnings (Estimates based on FactSet data)
    • Nothing scheduled.

Token Events

  • Governance votes & calls
    • Lido DAO is voting on the of its Lido V3 upgrade, which among other things introduces staking vaults (stVaults) that allow users to select specific staking operators. Voting ends Sept. 29.
    • GnosisDAO is voting on a proposal to create a $40,000 pilot fund. This would allow the community to directly finance small ecosystem projects using a conviction voting pool. Voting ends Oct. 1.
    • ENS DAO is voting to the eth.limo team 109,818.82 USDC from the treasury. The funds are to cover legal fees for operating their public gateway. Voting ends Oct. 2.
    • Arbitrum DAO is voting to to its treasury team to earn yield and support the ecosystem. The move is expected to generate ~204 ETH annually. Voting ends Oct. 2.
    • Gitcoin DAO is holding aa revised $1,175,000 matching fund and updated grant categories for its upcoming Grants Round 24 (GG24). Voting ends Oct. 2.
    • ZKSync DAO is voting on a to allocate 25 million ZK tokens (~$1.25M) for the "Prividium Roadshow" through the end of 2026. Voting ends Oct. 8.
    • Oct. 1: 1inch to make an .
    • Oct. 9: Cronos (CRO) to host an
  • Unlocks
    • Sept, 28: Jupiter (JUP) to unlock 1.75% of its circulating supply worth $23.18 million.
    • Sept. 30: Optimism (OP) to unlock 1.74% of its circulating supply worth $20.46 million.
    • Oct. 1: Sui (SUI) to unlock 1.23% of its circulating supply worth $137.27 million.
    • Oct. 1: EigenLayer (EIGEN) to unlock 13.77% of its circulating supply worth $64.07 million.
    • Oct. 2: Ethena (ENA) to unlock 0.62% of its circulating supply worth $23.65 million.
    • Oct. 3: Immutable (IMX) to unlock 1.26% of its circulating supply worth $17.56 million.
  • Token Launches
    • Sept. 29: Anoma (XAN) to be listed on KuCoin.
    • Sept. 29: Ronin (RON) begin.
    • Sept. 29: Falcon Finance (FF) to be listed on Binance.
    • Sept. 30: Soon (SOON) airdrop ends.

Conferences

  • Sept. 29:
  • Sept. 29-30: (Singapore)
  • Sept. 30: (Singapore)
  • Sept. 30: (Singapore)
  • Oct. 1: (Venice, Italy)
  • Oct. 1: (Zurich)
  • Oct. 1-2: (London)
  • Oct. 1-2:
  • Oct. 2: (Singapore)
  • Oct. 2-4:
  • Oct. 3:
  • Oct. 4-5: (Barcelona)
  • Oct. 4-5: