It's a busy week ahead for the markets. Several highly anticipated central bank decisions are expected from September 16 to 22, particularly from the Fed and the Eurozone. There are also a few token unlocks, as well as an airdrop from Eigenlayer (EIGEN). What should we remember and what are the dates to watch?
Monday September 16 – Donald Trump's crypto app, unlock of Arbitrum (ARB) and Apecoin (APE)
Presidential candidate Donald Trump was set to launch his app, World Liberty Financial, on Monday.. But the former president was the victim of a new alleged assassination attempt a few hours ago, so the day ahead is more uncertain. For now, cryptocurrencies inspired by Donald Trump, such as MAGA or TREMP, do not seem to have been influenced by the event.
💡 Learn more – Behind the scenes at World Liberty Financial, the crypto project led by Donald Trump's sons
Still on the crypto side, we note 2 major unlocks this Monday. Firstly, 92.65 million ARB tokens to be released at Arbitrum. This corresponds to 2.65% of the supply. At the current price, the tokens are worth $47.4 million.
The other token unlock to be expected is that of Apecoin (APE), the cryptocurrency associated with the Bored Ape Yacht Club.. 15.6 million APE will be released this Monday, or 2.3% of the supply. This corresponds to a sum of 11.1 million dollars.
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Tuesday September 17 – Eigenlayer season 2 airdrop (EIGEN)
This Tuesday, an airdrop will take place: that of Eigenlayer (EIGEN). The protocol, which has undergone a metamorphosis at the beginning of September, has recently allowed the restaking of any ERC-20 token. This week, the “season 2” of its airdrop will take place. 5% of the initial EIGEN supply will be distributed to the faithful.
Stakers, operators, and ecosystem partners will share 86 million EIGEN tokens. This is EIGEN’s last “big” airdrop for now, marking the launch of its cryptocurrency: Tokens will be tradable from September 30th.
👉 To discover – The top 5 unlock tokens to know in September 2024
Wednesday, September 18 – Fed interest rates, Eurozone and UK inflation
This Wednesday will be a macro day, with several big data points to follow. On the US side, the Federal Reserve will announce its decision regarding its interest rates.A conference will be held at 8:30 p.m., Jerome Powell is expected to confirm a rate cut, although the latter should remain cautious.
On the European side, August inflation figures will be released in the morning. This concerns both the eurozone and the UK, with separate reports. Eurozone inflation had reached 2.6% in July, up from June. CThis raises doubts about a possible downward adjustment of rates by the European Central Bank (ECB)..
On the crypto side, we note that Sky, which was recently known as MakerDAO (MKR), will launch its new governance token, accompanied by a new stablecoinThe new cryptocurrencies, called SKY and USDS, will coexist with their predecessors: MKR and DAI.
❓ Learn more about this – Sky: MakerDAO's ambitious but controversial name and policy change
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Thursday 19 September – Bank of England interest rates
This Thursday, it will be the turn of the United Kingdom to share its decision regarding its interest rates.The Bank of England had kept its key rate at 5.25% during the summer, with a first cut in August. The central bank is expected to partly base its adjustment on the decision of the US Federal Reserve.
Friday, September 20 – Solana Breakpoint Conference, Bank of Japan Interest Rates
Friday, It's the Bank of Japan's turn to make its announcement regarding its interest ratesThe central bank is expected to announce a gradual rate hike in several stages, saying markets remain volatile.
👉 Don't miss our guide – Buy cryptocurrencies easily in 2024
That same day, we could have some interesting news from Solana (SOL)The Breakpoint 2024 conference will indeed take place on September 20 and 21, it is possible that some major announcements will take place.
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A journalist at Cryptoast since 2017, I am passionate about the issues of decentralization, privacy and regulation. I specialize in traditional economics and finance, analyzing how news from this sector influences the cryptocurrency sector, offering a unique and informed perspective to Cryptoast readers.
Marine Debelloir
3137 articles
