FTX Payouts, U.S. Tariffs, Jobs: Crypto Week Ahead

Market activity is likely to be overshadowed by Friday’s monthly U.S. employment figures, with nonfarm payrolls forecast set to increase by 39,000. The figure, seen as a barometer of the health of the world’s largest economy, is one of the most closely watched economic statistics. In the meantime, long-suffering creditors of bankrupt crypto exchange FTX, which failed in 2021, start receiving a total of $1.6 billion as the estate begins its third tranche of payouts. Arbitrum, the largest Ethereum layer-2 blockchain, is voting on investing its stash of idle ETH$4,164.90 to earn rewards.

What to Watch

• Crypto
  • Sept. 29, 8:00 p.m.: PancakeSwap (CAKE) discontinues support for Polygon zkEVM liquidity pools and Perpetual V1 orderbook. Users must withdraw funds by deadline.
  • Sept. 30: FTX begins $1.6 billion third creditor payout under bankruptcy plan via BitGo, Kraken and Payoneer. Creditors must complete KYC and tax forms to qualify.
  • Sept. 30: Starknet (STRK) launches BTC staking on mainnet, enabling wrapped BTC tokens staking with 25% consensus weight; un-staking period cut to 7 days; rewards start.
• Macro
  • Sept. 29, 7:30 a.m.: Fed Governor Christopher J. Waller gives a speech on “Payments” in Frankfurt.
  • Sept. 29, 10:30 a.m.: Sept. Dallas Fed Manufacturing Index (Prev. -1.8)
  • Sept. 29, 1 p.m.: U.S. agencies SEC and CFTC hold a roundtable on regulatory harmonization efforts. Watch live.
  • Sept. 30, 2 a.m.: U.K. Q2 GDP Growth Rate (final). YoY Est. 1.2%, QoQ Est. 0.3%.
  • Sept. 30, 6 a.m.: Fed Vice Chair Philip N. Jefferson gives a speech on “Monetary Policy Frameworks and the U.S. Economic Outlook” in Helsinki.
  • Sept. 30, 10 a.m.: U.S. Aug. JOLTS report. Openings (Prev. 7.181M), Quits (Prev. 3.208M).
  • Sept. 30, 10 a.m.: U.S. Sept. CB Consumer Confidence. Est. 96.
  • Sept. 30: Deadline for the U.S. Congress to pass the annual federal appropriations bill funding government operations.
  • Oct. 1, 12:00 a.m.: New U.S. tariffs take effect. 100% on patented drugs without U.S. manufacturing, 50% on kitchen cabinets, 30% on upholstered furniture and 25% on heavy trucks.
  • Oct. 1, 4:30 a.m.: S&P Global Canada Sept. Manufacturing PMI (flash). Est. 46.2.
  • Oct. 1, 5:00 a.m.: Eurozone Sept. headline inflation rate (flash). YoY (Prev. 2%), MoM (Prev. 0.1%), core YoY (Prev. 2.3%).
  • Oct. 1, 8:15 a.m.: U.S. Sept. ADP Employment Change (Prev. 54K).
  • Oct. 1, 9 a.m.: S&P Global Brazil Sept. Manufacturing PMI (Prev. 47.7).
  • Oct. 1, 9:30 a.m.: S&P Global Canada Sept. Manufacturing PMI (Prev. 48.3).
  • Oct. 1, 9:45 a.m.: S&P Global U.S. September Manufacturing PMI (final). Est. 52.
  • Oct. 1, 10 a.m.: U.S. ISM Sept. Manufacturing PMI Est. 49.2.
  • Oct. 1, 10 a.m.: U.S. Senate Finance Committee hearing titled “Examining the Taxation of Digital Assets”
  • Oct. 1, 11 a.m.: S&P Global Mexico Sept. Manufacturing PMI (Prev. 50.2).
  • Oct. 2, 5 a.m.: Eurozone Aug. Unemployment Rate (Prev. 6.2%).
  • Oct. 2, 8:30 a.m.: U.S. Jobless Claims initial (for week ended Sept. 27) Est. 220K, continuing (for week ended Sept. 20) (Prev. 1926K).
  • Oct. 3, 4:30 a.m.: S&P Global U.K. Sept. Composite PMI (final). Est. 51, Services PMI (final) Est. 51.9.
  • Oct. 3, 5 a.m.: Eurozone Aug. PPI YoY (Prev. 0.2%), MoM (Prev. 0.4%).
  • Oct. 3, 8:30 a.m.: U.S. Sept. Employment Situation nonfarm payrolls Est. 39K, unemployment rate Est. 4.3%.
  • Oct. 3, 9 a.m.: S&P Global Brazil Sept. PMI composite (Prev. 48.3), services (Prev. 49.3).
  • Oct. 3, 9:30 a.m.: S&P Global Canada Sept. PMI composite (Prev. 48.4), services (Prev. 48.6).
  • Oct. 3, 9:45 a.m.: S&P Global U.S. Sept. PMI composite Est. 53.6, services Est. 53.9.
  • Oct. 3, 10 a.m.: U.S. ISM Sept. Services PMI Est. 52.
• Earnings (Estimates based on FactSet data)

Token Events

• Governance votes & calls
  • Lido DAO is voting on the design and implementation of its Lido V3 upgrade, which among other things introduces staking vaults (stVaults) that allow users to select specific staking operators. Voting ends Sept. 29.
  • GnosisDAO is voting on a resubmitted proposal to create a $40,000 pilot fund. This would allow the community to directly finance small ecosystem projects using a conviction voting pool. Voting ends Oct. 1.
  • ENS DAO is voting to reimburse the eth.limo team 109,818.82 USDC from the treasury. The funds are to cover legal fees for operating their public gateway. Voting ends Oct. 2.
  • Arbitrum DAO is voting to transfer 8,500 idle ETH to its treasury team to earn yield and support the ecosystem. The move is expected to generate ~204 ETH annually. Voting ends Oct. 2.
  • Gitcoin DAO is holding a vote to approve a revised $1,175,000 matching fund and updated grant categories for its upcoming Grants Round 24 (GG24). Voting ends Oct. 2.
  • ZKSync DAO is voting on a proposal to allocate 25 million ZK tokens (~$1.25M) for the “Prividium Roadshow” through the end of 2026. Voting ends Oct. 8.
  • Oct. 1: 1inch to make an announcement.
  • Oct. 9: CRO$0.1948 to host an Ask Me Anything (AMA) session.
• Unlocks
  • Sept, 28: JUP$0.4460 to unlock 1.75% of its circulating supply worth $23.18 million.
  • Sept. 30: OP$0.6729 to unlock 1.74% of its circulating supply worth $20.46 million.
  • Oct. 1: SUI$3.2908 to unlock 1.23% of its circulating supply worth $137.27 million.
  • Oct. 1: EigenLayer (EIGEN) to unlock 13.77% of its circulating supply worth $64.07 million.
  • Oct. 2: ENA$0.5662 to unlock 0.62% of its circulating supply worth $23.65 million.
  • Oct. 3: Immutable (IMX) to unlock 1.26% of its circulating supply worth $17.56 million.
• Token Launches
  • Sept. 29: Anoma (XAN) to be listed on KuCoin.
  • Sept. 29: Ronin (RON) treasury buybacks begin.
  • Sept. 29: Falcon Finance (FF) to be listed on Binance.
  • Sept. 30: Soon (SOON) airdrop claim period ends.

Conferences