Next week will see the US Senate return from recess, with the Clarity Act on the agenda as the National Credit Union Administration’s window closes for comments on rules for stablecoin issuers.
On top of that, April 15 is the U.S. tax filing deadline, which could put pressure on cryptocurrency holders managing their finances and add volatility to the market.
On the macroeconomic front, markets will digest critical data, including producer price inflation in the United States, to help assess the direction of the Federal Reserve’s interest rate policy.
Earnings from Goldman Sachs, JPMorgan and BlackRock could provide additional clues about how their crypto-linked companies are faring and how institutional appetite is evolving.
What to watch
(All times ET)
- Crypto
- April 13: The US Senate returns from recess and negotiations on the Clarity Act resume.
- April 13: Comment period closes for U.S. National Credit Union Administration’s proposed rule on Permitted Payment Stablecoin Issuer Applications
- April 15: US tax filing deadline, including cryptocurrency, for individual income tax returns.
- April 17: Mercado Libre closes Mercado Coin.
- Macro
- April 13: China’s year-on-year M2 money supply for March estimated at 8.9% (previously 9%)
- April 14, 8:30 am: March US Producer Price Index (PPI) MoM (previously +0.7%); Core PPI MoM (previously 0.5%)
- April 15, 09:00 pm: China’s year-on-year GDP growth rate for the first quarter estimated 5% (previously 4.5%)
- April 16, 04:00 am: Year-on-year Eurozone consumer price index (CPI) rate for March estimated at 2.3% (previously 2.4%)
- April 16, 7:30 am: US Initial Jobless Claims for the week ending April 11 (Previous 219K)
- April 17, 2:00 pm: US Federal Reserve Governor Christopher J. Wallet’s Economic Outlook speech.
- Earnings (Estimates based on FactSet data when available)
- April 13: Goldman Sachs (GS), premarket, $16.41
- April 14: JPMorgan Chase (JPM), premarket, $5.47
- April 14: BlackRock (BLK), premarket, $12.06
- April 15: Morgan Stanley (MS), premarket, $3.02
- April 16: Bank of New York (BNY), premarket, $1.93
symbolic events
- Governance votes and calls
- Compound DAO is voting on several cross-chain marketplace updates, including implementing CAPO pricing on Unichain, deprecating stMATIC on Polygon, moving to API3 oracles on Ronin, and expanding collateral limits for Polygon marketplaces. Voting ends April 13.
- Lido DAO is voting on operational updates covering a 10,000 stETH LDO accumulation program, a node operator governance transition, incentive redirects, multi-signature policy updates, and increased Alliance BORG transfer limits. Voting ends April 13.
- OlympusDAO is voting to determine the distribution schedule for its Cooler Drip acceleration, choosing between an accelerated 3-month, moderate 6-month, or conservative 12-month cadence for daily gOHM rewards. Voting ends April 13.
- Decentraland DAO is voting to remove a dormant catalyst node from its network following its closure, a move that will also rebalance the network to maintain four core nodes and five community nodes. Voting ends April 14.
- Cardano DAO is voting to authorize a treasury withdrawal of 50 million ADA to back Cardano x Draper Dragon: Orion Fund. Voting ends April 14.
- ENS DAO is voting to automate treasury operations by directing revenue directly to the endowment for immediate returns and allowing the treasury manager to maintain a six-month operational runway without routine voting. Voting ends April 14.
- Squid DAO is voting to approve category weightings for its April SQUID token release, which rewards community members for March activities in various areas. Voting ends April 15.
- SafeDAO is voting to allocate 5 million SAFE to fund a six-month bounty program and interface development for Safenet Beta. Voting ends April 20.
- Unlock
- April 15 – Connex (CONX) will unlock 1.52% of its circulating supply worth $18.39 million.
- April 16: Arbitrum (ARB) will unlock 1.75% of its circulating supply worth $10.8 million.
- April 17 – DeBridge (DBR) will unlock 12.9% of its circulating supply worth $9.19 million.
- Token releases
- April 15: HTX Global will complete its quarterly burn of HTX tokens.
- April 15: Tradoor airdrop is expected to begin.
