US Jobs Report, Ethereum Update: Crypto Week Ahead

Welcome to the new year. Looks like a quiet week to start.

The Ethereum blockchain is triggering an incremental upgrade as part of its Fusaka roadmap, and BNB Chain is voting on a proposal to modify some system parameters to align with the Fermi hard fork, scheduled for January 14.

The economic report that is likely to influence markets will not be released until Friday. U.S. nonfarm payrolls data is forecast to show the world’s largest economy added 57,000 jobs in December.

What to watch

• Crypto
  • January 7: Ethereum activates its second “Blob Parameter Only” (BPO-2) hard fork, raising the blob target to 14 and the maximum to 21 blobs per block to expand data capacity for rollups as part of the Fusaka scaling roadmap.
  • January 8, 11 am: ZBCN$0.002694 AMA (“Tokenomics and Product Roadmap to 2026”) on X.
• Macro
  • Jan 5, 10am: US December ISM Manufacturing PMI Est. 48.3.
  • January 6, 7 am: Mexico Dec. Consumer Confidence (Previous 44.2).
  • January 6, 8am: Brazil December S&P Global PMI. Services (Prev. 50.1); Composite (Previous 49.6).
  • January 6, 9:30 am: December S&P Global PMI for Canada. Services (Prev. 44.3); Composite (Previous 44.9).
  • January 6, 9:45 am: US December S&P Global PMI (Final) Services Est. 52.9; It is composed. 53.
  • January 7, 5 am: Eurozone December consumer price inflation (flash). General estimated year-on-year rate 2.1%; General monthly rate (previous -0.3); Estimated interannual base rate 2.4%.
  • January 7, 8:15 am: Estimated ADP employment change in December. 47K.
  • January 7, 10 am: PMI est. of December ISM services. 52.3.
  • January 7, 10 am: JOLTS report for November. Estimated job openings 7.73 million; Job resignations (Previous 2,941M).
  • January 8, 5 am: Estimated November unemployment rate in the eurozone. 6.4%.
  • January 8, 5am: Eurozone November PPI. YoY (previously -0.5%); Monthly est. 0.4%.
  • January 8, 7 am: December consumer price inflation in Mexico. Overall estimated year-on-year rate 3.9%; General rate est. monthly 0.48; Estimated base rate year-on-year 4.37%; Basic rate est. monthly 0.42%.
  • January 8, 8:30 am: Unemployment claims in the United States. Initial (for week ending January 3) Est. 205K; Continuing (for week ending December 27) (Previous 1866K).
  • January 9, 7 am: December consumer price inflation in Brazil. General estimated year-on-year rate 4.35%; General rate est. monthly 0.41%.
  • January 9, 8:30 am: Canada’s December estimated unemployment rate. 6.7%.
  • January 9, 8:30 am: US December Employment Report Nonfarm Payrolls Estimate 57K; Estimated unemployment rate 4.5%.
  • January 9, 10 a.m.: December Michigan Inflation Expectations (preliminary) (previous 4.2%).
• Earnings (estimates based on FactSet data)

symbolic events

• Governance votes and calls
  • BIM Protocol is voting on integrating a bridge to Bitcoin and Monero via Quickex to expand cross-chain interoperability. Voting ends on January 5.
  • SSV Network DAO is voting to expand its market making program, increasing the total allocation to 300,000 SSV ($1.3 million) to secure a 12-18 month agreement with a top-tier market maker to improve liquidity. Voting ends on January 6.
  • Compound DAO is voting to top up reward contracts on Arbitrum and Unichain to maintain incentives for users, following a correction to a previous proposal. Voting ends on January 6.
  • TrueFi DAO is voting to authorize a comprehensive protocol rebrand and mint the remaining TRU supply to recapitalize the treasury. Voting ends on January 6.
  • Aave is voting on a proposal to add April 2026 master tokens for Ethena’s USDe and sUSDe to the Plasma V3 instance. Voting ends on January 6.
  • BNB Chain is voting on a proposal to adjust five system parameters to align with the upcoming Fermi hard fork and its fastest blocking interval of 0.45 seconds. Voting ends on February 2.
• Unlock
  • January 5: ADVERTISING HYPE$26.65 to unlock 3.61% of its circulating supply worth $329.6 million.
  • January 11: SUITABLE$1.9681 to unlock 0.7% of its circulating supply worth $21.5 million.
  • January 13: QUEL$0.5625 to unlock 2.78% of its circulating supply worth $11.67 million.
• Token releases
  • January 5: Lighter (LIT) will list on BTSE.
  • January 6: Brevis (BREV) will appear on Binance, BingX and others.

Conferences