Crypto Week Ahead: Aug. 24–28
Bitcoin is heading into the last full week of August after delivering one of its strongest monthly performances in years. BTC has risen 23% month-to-date, putting it on course for its best August since 2017, when it gained 65%, according to CoinGlass. Historically, the median August return has been around -7%.
The rally now faces a series of potentially market-moving events, including U.S. inflation and growth data and the Jackson Hole symposium later this week.
“Bitcoin enters next week with considerable momentum, but also with a much higher bar to clear after its strongest weekly rally in years,” Daniela Hathorn, a senior market analyst at Capital.com, told CoinDesk. Investors are expected to focus heavily on Fed Chair Kevin Warsh’s keynote speech at Jackson Hole.
Hathorn said a dovish message that reduces expectations for additional Fed tightening could maintain the weaker-dollar and lower-yield environment supporting Bitcoin. A surprisingly hawkish tone, however, could encourage traders to take profits.
Hong Yea, co-founder and CEO of onchain investment platform Grvt, said the week could be defined by the “collision of Jackson Hole with geopolitical risk.” Tensions surrounding the U.S.-Iran conflict remain unresolved, while the war in Ukraine continues to raise concerns about further escalation.
Key Events to Watch
All times ET.
Crypto
- Aug. 24: The comment period closes on two joint SEC-CFTC requests addressing derivatives product definitions, alternative compliance and swap data reporting, areas that could affect crypto derivatives.
- Aug. 24, 10:30 p.m.: BNB Smart Chain is expected to activate its Pasteur hard fork.
Macro
- Aug. 25, 8:15 a.m.: U.S. weekly ADP Employment Change, compared with 9.5K previously.
- Aug. 25, 10 a.m.: U.S. Consumer Confidence for August, forecast at 91.2 versus 90.8 previously.
- Aug. 25, 1 p.m.: U.S. July money supply data, with the previous figure at $23.15 trillion.
- Aug. 25, 9:30 p.m.: Australia releases July inflation data and RBA Trimmed Mean CPI.
- Aug. 26–28: Jackson Hole Economic Policy Symposium.
- Aug. 26, 8:30 a.m.: U.S. July Core PCE inflation, expected at 0.2% month over month and 3.3% annually.
- Aug. 26, 8:30 a.m.: Second estimate of U.S. Q2 GDP, projected at 1.5% versus the previous 2.1%.
- Aug. 26, 9 p.m.: South Korea’s interest-rate decision, with the previous rate at 2.75%.
- Aug. 27, 8:30 a.m.: U.S. initial jobless claims for the week ending Aug. 22, expected at 210,000 versus 206,000 previously.
- Aug. 28, 10 a.m.: Final Michigan Consumer Sentiment for August, forecast at 51.0 versus 55.2, alongside one-year inflation expectations.
- Aug. 28, 10 a.m.: Preliminary annual revision to U.S. nonfarm payrolls.
Earnings
- Aug. 27: IREN reports earnings after the market close.
- Aug. 27: Hyperliquid Strategies (PURR) reports before the market opens.
Governance Votes
- CoW DAO: Proposal to replace fixed settlement penalties with percentages tied to trading volume. Vote ends Aug. 25.
- Superfluid DAO: Vote on Established Project campaigns and SUP token allocations for Season 7, ending Aug. 25.
- Sushi DAO: Vote covering new tokenomics, a SUSHI reserve and liquidity migration to Robinhood Chain, ending Aug. 25.
- ShapeShift DAO: Vote on four-month extensions for its Tokenomics and Operations workstreams, ending Aug. 26.
- Arbitrum DAO: Vote to expand the existing Audit Program into a broader Security Program, ending Aug. 27.
- GnosisDAO: Two votes, including $15 million in annual funding for Gnosis Ltd. and a proposal to revive GIP-99 governance. Both close Aug. 27.
Token Unlocks
- Aug. 24: TON is scheduled to unlock 1.33% of its circulating supply, worth about $54.12 million.
- Aug. 25: Humanity is set to unlock 7.92% of its circulating supply, valued at roughly $20 million.
Token Launches
- No major token launches are expected this week.
Conferences
- Aug. 24–26: FEBRABAN TECH 2026 — São Paulo.
- Aug. 25–27: CryptoWinter26 — Queenstown.
- Aug. 26–27: ETH Belgrade 2026 — Belgrade.
- Aug. 27–28: Bitcoin Asia — Hong Kong.
