Here’s what crypto and traditional markets will be watching during the week of Sept. 21.
Bitcoin is beginning the week with renewed strength, trading near the $84,000 mark after recovering from last week’s Federal Reserve rate decision. The Fed raised its benchmark target to 4.00%, initially triggering a more hawkish market response, but crypto has so far shown resilience.
The economic calendar becomes busier in the middle of the week, with U.S. jobless claims, new home sales and durable goods data among the key releases. Traders will also continue assessing the global monetary-policy outlook after recent decisions from the Bank of Japan and Bank of England.
Meanwhile, developments in tokenized securities will take center stage as the SEC begins its pilot framework for tokenized stocks.
Key Events This Week
All times ET
Crypto
Sept. 22: The SEC’s conditional five-year exemption takes effect, allowing certain institutional trading venues to participate in pilot programs for trading tokenized stocks on public blockchains.
Macro Calendar
Sept. 24, 8:30 a.m.: Canada’s August retail sales report is expected to show a 0.8% monthly decline, compared with a 0.6% increase previously.
Sept. 24, 8:30 a.m.: U.S. initial jobless claims for the week ending Sept. 19 are forecast at 201,000, versus 196,000 in the previous reading.
Sept. 24, 10:00 a.m.: August U.S. new home sales are expected to reach 700,000, compared with 739,000 previously.
Sept. 25, 8:30 a.m.: U.S. durable goods orders for August are projected to decline 0.3% month-over-month, following a 1.1% increase in the prior period.
Sept. 25, 10:00 a.m.: The final September University of Michigan Consumer Sentiment reading is estimated at 47.8, down from 51.7 previously.
Earnings
There are no major earnings releases on the schedule.
Token Governance
Lido DAO: The community vote ends Sept. 21 on a proposal to establish a contingency market-making program for LDO on centralized exchanges. The plan calls for up to $1.5 million in recallable LDO and 480,000 USDC to support order-book liquidity and help address potential delisting risks.
Uniswap Governance: A temperature check will conclude Sept. 23 on a proposal to bring Uniswap’s protocol fee collection and UNI-burning infrastructure to Arc, the layer-1 blockchain developed by Circle.
CoW DAO: Voting concludes Sept. 25 on changes to the solver quote competition. The proposal would allocate rewards equivalent to 10% of protocol revenue to encourage better quotes, price routing and order conversion.
Token Unlocks
Sept. 21 — Canton (CC): 0.38% of circulating supply will be unlocked, representing approximately $17.17 million.
Sept. 22 — TON: 1.3% of circulating supply is scheduled for release, worth about $51.2 million.
Sept. 23 — Humanity (H): 14.7% of circulating supply will unlock, with a value of roughly $20.8 million.
Token Launches
No major token launches have been confirmed for this week.
Conferences
No major conferences are scheduled.
