Next week will be dominated by data on the broader economy, with employment and inflation reports in the United States and interest rate decisions in Japan and Europe. Coinbase, the largest publicly traded crypto exchange, announces a system update that is expected to include an internal prediction market.
U.S. nonfarm payrolls data, normally released on the first Friday of each month, is scheduled for Tuesday, delayed by the 36-day government shutdown. The figure is one of the most influential measures of the world’s largest economy and can influence attitudes towards risky investments.
The Bank of Japan is likely to raise its benchmark interest rate for the first time since January. Economists forecast a rise of 25 basis points to 0.75%, the highest in about 30 years. A stronger yen has historically coincided with downward pressure on bitcoin . Friday’s decision follows policy statements from the European Central Bank and the Bank of England earlier in the week.
What to watch
- Crypto
- December 15, 5 am: Aster L1 AMA Testnet on Discord.
- December 15, 10 am: Conflux (CFX) AMA on “AI Agents in Web3” at X Spaces.
- December 16, 2 am: EVM mainnet upgrade.
- December 17, 5 pm: Coinbase System Update (a set of new features for the Coinbase platform, expected to include tokenized stocks and prediction markets) live stream on X.
- Macro
- December 15, 8:30 am: Canada’s November inflation rate. Title year-on-year (previous 2.2%), month-on-month (previous 0.2%). Core year-on-year (previous 2.9%), month-on-month (previous 0.6%).
- December 15, 9:30 am: speech by Federal Reserve Governor Stephen I. Miran (“The Inflation Outlook”). Watch live.
- December 16, 8:15 am: ADP US Weekly Employment Change Previous. 4.75K.
- December 16, 8:30 am: US November employment data Nonfarm payrolls est. 35K; Estimated unemployment rate 4.4%; Average hourly earnings year-on-year (previously 3.8%).
- December 16, 9:45 am: S&P Global (flash) December Composite PMI for US (previous 54.2), manufacturing (previous 52.2), services (previous 54.1).
- December 17: Speech by Federal Reserve Governor Christopher J. Waller (“Economic Outlook”). Watch live.
- December 18, 7am: Bank of England interest rate decision. Est reference rate 3.75%.
- December 18, 8:15 am: European Central Bank interest rate decision. Est. reference rate 2.15%.
- December 18, 8:30 am: November US inflation rate (no estimates available)
- December 18, 8:30 am: Unemployment claims in the United States. Initial (for the week ending December 13) (Previous 236K), Continuation (for the week ending December 6) (Previous 1838K).
- December 18, 2:00 p.m.: Unemployment rate in the third quarter of Argentina (previously 7.6%).
- December 18, 2 pm: Decision on interest rates by the central bank of Mexico. Reference rate (previously 7.25%).
- December 19, 10am: University of Michigan US December (Final) Survey. Estimated consumer sentiment index. 53.3; Estimated inflation expectations. 4.1%.
- Earnings (estimates based on FactSet data)
symbolic events
- Governance votes and calls
- Sushi DAO is voting to triple SUSHI’s annual issuance from 1.5% to 5% (~14.25 million tokens/year) to fund large liquidity incentives, private equity deals, and the new Blade AMM, with a goal of $20 million in annual revenue. Voting ends on December 14.
- Streamr DAO is voting to incentivize its CEO and CTO with performance-based token grants that are minted only if the DATOS price reaches specific milestones between $0.05 and $1.00. Voting ends December 15.
- Moons DAO is voting to elect an Ecosystem Growth Officer to manage strategic partnerships and expand the reach of the DAO. Voting ends December 16.
- SSV Network is voting to streamline committee operations (DIP-47) and cap the ETH/SSV fee ratio at 700 (DIP-49). Voting ends on December 17.
- Lido DAO is voting on a transformative package to move from a pure staking protocol to a diversified DeFi product suite over the next three years. Voting ends on December 19.
- CoW DAO is voting to disband the Sprinter solver pegging group and return the 500,000 USDC and 1.5 million COW deposited to the original funders. Voting ends on December 19.
- Arbitrum DAO will vote to activate the ArbOS 51 update on January 8, introducing a transaction gas cap of 32 million, dynamic gas targets, and a doubled minimum base fee to improve network scalability. Voting ends on December 19.
- BNB Chain is voting to reduce the number of consecutive blocks a validator produces from 16 to 8. This adjustment is intended to avoid major chain reorganizations and prioritize network stability. Voting ends on December 22.
- Sandbox DAO is voting to select one of the selected artists to create a commissioned NFT artwork for the DAO collection, awarding the winner a grant of 8,000 to 12,000 USDC from the existing SIP-26 budget. Voting ends on December 24.
- December 18: Celo will host a call on governance.
- December 18: Changelly will host a Web3 Stand Up Talk on Pumps and Landfills.
- Unlock
- December 15: to unlock 1.61% of its circulating supply worth $21.99 million.
- December 15: to unlock 5.07% of its circulating supply worth $13.87 million.
- December 16: to unlock 1.9% of its circulating supply worth $19.88 million.
- December 20: to unlock 6.79% of its circulating supply worth $37.28 million.
- Token releases
Conferences
