Crypto Week Ahead: U.S. Interest Rates and Do Kwon Sentencing in Focus

Crypto Week Ahead: Fed Rate Decision, Do Kwon Sentencing, and Key Market Events

This week, markets are focused on the Federal Reserve and U.S. interest rates. The FOMC is expected to cut the target rate by 25 basis points to 3.50%–3.75% at its Dec. 10 meeting, according to CME’s FedWatch tool. Lower rates often encourage investment in riskier assets, including cryptocurrencies and equities.

Legal Spotlight
Terraform Labs co-founder Do Kwon is scheduled for sentencing on Dec. 11 after pleading guilty to defrauding investors. U.S. prosecutors are seeking a 12-year sentence. The collapse of Kwon’s UST stablecoin and LUNA token played a major role in the severe 2022 crypto market downturn.

Crypto Market Events

  • Dec. 8: EstateX (ESX) launches for Unicorn Club members and NFT holders; first property listed.
  • Dec. 8: ProCap Financial Inc. (BRR) begins trading on Nasdaq Global Market.
  • Dec. 8, 11:30 a.m.: Enjin (ENJ) activates the Senotsa upgrade on Relaychain and Matrixchain.
  • Dec. 8, 1:30 p.m.: Hivemapper (HONEY) AMA on X Spaces.
  • Dec. 9: Twenty One Capital (XXI) starts trading on NYSE after combining with Cantor Equity Partners.
  • Dec. 10, 6 a.m.: Kaia (KAIA) Korea AMA on X Spaces.
  • Dec. 10: Celo’s Jello hardfork introduces ZK-powered fault proofs.
  • Dec. 11, 11 a.m.: Do Kwon faces sentencing in New York; prosecution seeks 12 years, defense requests five.
  • Dec. 11, 3 p.m.: Chia (XCH) AMA on Zoom.
  • Dec. 12: EstateX (ESX) opens to the public; fractional real estate shares purchasable via PROPX.
  • Dec. 13: Bittensor (TAO) halving reduces daily emissions from 7,200 to 3,600; Xelis (XELIS) smart contracts go live at 12 p.m.

Macro Events

  • Dec. 9: Mexico inflation data, ADP employment, and JOLTS report.
  • Dec. 10: Brazil inflation, Bank of Canada rate decision (prev. 2.25%), FOMC rate decision, press conferences follow.
  • Dec. 10: Brazil central bank rate decision (prev. 15%).
  • Dec. 11: U.S. initial and continuing jobless claims.

Token & Governance Updates

  • Celo, Aave, ENS, CoW, Gnosis, Moon, Arbitrum DAOs hold ongoing governance votes through Dec. 11.
  • Token Unlocks: LINEA (Dec. 10, $14.63M), APT (Dec. 11, $21.04M), CHEEL (Dec. 13, $11.02M).
  • Token Launches: Stable (STABLE, Dec. 8), HumidiFi WET (Dec. 9), LAVA on Kraken (Dec. 10).

This week is set to be pivotal for both macro and crypto markets, with interest rate decisions, regulatory developments, and high-profile legal events influencing market sentiment and trading activity.

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