- Bitcoin and Ether prices are under close watch for potential breaks in support or resistance levels.
- Key events include a special meeting on a merger vote involving Core Scientific and an interest rate decision by the Federal Reserve.
- Several crypto projects are conducting upgrades, AMAs, and staking contract updates this week.
- Important macroeconomic data and earnings reports from companies like Paypal and Coinbase are scheduled.
- Numerous token unlocks and governance votes by decentralized autonomous organizations (DAOs) are ongoing or upcoming.
This week marks a critical moment for the crypto market as prices of bitcoin (BTC) and ether (ETH) approach key support and resistance levels that could influence market direction. Market participants will watch closely to see if these digital assets break their current ranges or maintain sideways movement.
Important scheduled events include a virtual stockholder meeting for Core Scientific on October 30, where shareholders will vote on a possible merger with CoreWeave. The U.S. Federal Reserve will also announce its interest rate decision on October 29, widely expected to be a significant factor affecting markets.
Several crypto projects hold notable events this week. On October 27, Kadena Chief Business Officer Annelise Osborne will host an AMA on Telegram. Ethereum’s Fusaka hard fork upgrade is scheduled for October 28 on the Hoodi testnet. Cronos plans to launch the “Smarturn” upgrade on its mainnet October 30. Meanwhile, HashKey Chain is pausing new staking orders to update contracts with goals to improve yields and sustainability. Also, the peer-to-peer platform Paxful will shut down operations by November 1.
Macro events slated include the October Dallas Fed Manufacturing Index release on October 27, the Bank of Canada and Federal Reserve interest rate announcements on October 29, and Q3 GDP data for Mexico on October 30. Earnings reports will feature PayPal Holdings on October 28, and several major crypto-related companies like Coinbase Global, Reddit, and Riot Platforms releasing post-market results on October 30.
Multiple governance votes are underway in decentralized autonomous organizations (DAOs). Among them, Decentraland DAO is deciding on the DAO Land Access Program to temporarily allocate unused land for community projects, with voting ending October 25. Other DAOs like GnosisDAO, Lisk DAO, ZKsync DAO, ENS DAO, and Arbitrum DAO have votes closing between October 28 and 30 concerning governance mechanisms, funding, and treasury management.
Significant token unlocks are set throughout the coming days. For example, on October 25, Plasma (XPL) will unlock 5% of its circulating supply, valued around $35 million. Other notable planned unlocks include tokens such as SIGN, Grass, JUP, ZORA, KMNO, Immutable (IMX), OP, and Sui, with varying percentages and values reaching up to $108 million.
This cluster of events combines to create a week of potentially significant market activity, with developments unfolding across trading, project upgrades, macroeconomic policy, and decentralized governance.
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