The cryptocurrency market will witness numerous critical economic developments and altcoin events in the new week, primarily including interest rate decisions from the FED and the European Central Bank.
Following the volatility experienced in the cryptocurrency market last week, Bitcoin (BTC) and altcoin investors are now focused on the important economic data to be released this week.
The Federal Reserve’s interest rate decision, Federal Reserve Chairman Kevin Warsh’s statements, the European Central Bank’s (ECB) interest rate decision, and the US growth and inflation data to be released are expected to be particularly decisive for the markets.
However, other notable developments to watch include Binance delisting some altcoins, the US Commodity Futures Trading Commission’s (CFTC) activity regarding cryptocurrencies and AI-related financial technologies, Strategy’s financial results, and significant events in various cryptocurrency projects.
Here is the weekly cryptocurrency and economic calendar we at Bitcoinsistemi.com have specially prepared for you.
(All times are given in UTC+3 Turkish time.)
Monday, October 26
- FLUX – The block reward on the Flux network will be reduced by 10%, from 14 FLUX to 12.6 FLUX.
- ETH – The Ethereum Glamsterdam upgrade was scheduled to take place today on the Hoodi testnet, but the Ethereum Foundation has announced that the activation has been postponed and no new date has yet been set.
Tuesday, October 27
- The Federal Reserve’s two-day Federal Open Market Committee (FOMC) meeting will begin.
- 10:00 – Türkiye’s September Unemployment Rate (Previous: 7.8%)
- 17:00 – US October Conference Board Consumer Confidence Index (Expected: 80.4, Previous: 81.9)
- 17:00 – US September New Home Sales (Expected: 650,000, Previous: 684,000)
- 18:00 – OSMO – The Osmosis v32 network upgrade is planned to be implemented if the community vote is approved.
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Wednesday, October 28
- Due to the eve of Republic Day in Türkiye, trading on the Istanbul Stock Exchange will be limited to half a day.
- The U.S. Commodity Futures Trading Commission (CFTC) will host its first Frontier Forum event, focusing on artificial intelligence and autonomous financial systems.
- 06:00 – Binance will delist Epic Chain (EPIC) and QuickSwap (QUICK) altcoins from all spot trading pairs.
- 16:50 – ATOM – Cosmos Hub v29 mainnet upgrade is expected to roll out, subject to community approval (estimated time).
- 21:00 – FED Interest Rate Decision (Expectation: To remain unchanged in the 3.75%–4.00% range, Previous: 3.75%–4.00%)
- 21:30 – FED Chairman Kevin Warsh will hold a press conference.
Thursday, October 29
- The Istanbul Stock Exchange will be closed on October 29th due to Republic Day in Türkiye.
- Bitcoin treasury company Strategy (MSTR) will announce its third-quarter financial results after the close of US markets.
- 13:00 – Euro Area October Economic Confidence Index (Expected: 97.8, Previous: 97.9)
- 15:30 – US Third Quarter Gross Domestic Product (GDP) – Preliminary, Annualized (Expected: 3.0%, Previous: 2.2%)
- 15:30 – US September Personal Consumption Expenditures (PCE) Price Index – Monthly and Annual data will be released.
- 15:30 – US September Core PCE Price Index – Monthly and Annual data will be released.
- 15:30 – US September Personal Income – Monthly (Expected: 0.3%, Previous: 0.2%)
- 15:30 – US September Personal Spending data will be released.
- 15:30 – US Initial Jobless Claims (Previous: 194,000)
- 16:15 – European Central Bank (ECB) Interest Rate Decision – Deposit Rate (Expected: 2.50%, Previous: 2.50%)
- 16:45 – ECB President Christine Lagarde will hold a press conference.
- 22:00 – CARDS – Approximately 59.25 million CARDS tokens are scheduled to be unlocked in Collector Crypt.
Friday, October 30
- As part of the plan to terminate the BAL – Balancer protocol, withdrawals will be the only transactions allowed in certain liquidity pools. Some V3 pools that were granted extension rights will be exempted.
- The user interface for the Ebisu stablecoin protocol will be disabled.
- Ostium plans to launch its second-stage compensation application portal.
- 00:00 – Strategy (MSTR) will hold an investor meeting regarding its third-quarter financial results.
- 13:00 – Euro Area Third Quarter GDP – Preliminary, Quarterly (Expected: 0.2%, Previous: 0.6%)
- 13:00 – Eurozone September Unemployment Rate (Expected: 6.4%, Previous: 6.4%)
- 14:00 – The Central Bank of Turkey (TCMB) will release the summary of its October Monetary Policy Committee (MPC) meeting.
- 15:30 – US Third Quarter Employment Cost Index – Quarterly (Expected: 0.8%, Previous: 0.9%)
- 7:00 PM – FED member Mary Daly will give a speech.
- 7:30 PM – Federal Reserve member Alberto Musalem will give a speech.
Saturday, October 31
- LSK – Lisk Chain – will completely cease operations. Users holding assets on the network need to complete the migration process to the Ethereum network beforehand.
- USDC – Circle will begin the process of phasing out the CCTP V1 (Legacy) infrastructure. The process is scheduled to be completed on December 1st.
- ADA – Cardano Card service will end due to Wirex withdrawing from its storage service infrastructure.
- NEAR will be discontinuing its MyNearWallet service. Users will need to switch to alternative wallets.
- ECX – The ECX mainnet launch is planned for the Bitcoin hard fork project.
Sunday, November 1
- Daylight saving time will end in the US. Because of this change, US stock markets will open at 5:30 PM Turkish time starting next week.
*This is not investment advice.
Continue Reading: Watch Out: Entering a Critical Fed Week—Here Are the Numerous Economic Developments and Altcoin Events Coming Up This Week—Day-by-Day, Hour-by-Hour Schedule