Fed Speakers, U.S. PCE, Hedera Upgrade: Crypto Week Ahead

3 hours ago 2

The Federal Reserve is likely to take central focus again this week with several members, including Chair Jerome Powell, speaking at public events. On Friday, U.S. personal consumption expenditure (PCE) figures for August are published. The PCE index is closely watched by the Fed and feeds into its monetary policy decisions. Crypto exchange Coinbase is introducing futures that track a mix of crypto exchange-traded funds and tech stocks and Hedera, a layer-1 blockchain, upgrades its mainnet.

What to Watch

Crypto
- Sept. 22: Coinbase introduces Mag7 + Crypto Equity Index Futures, a product combining major U.S. tech stocks with cryptocurrency ETFs in a single futures contract.
- Sept. 24, 9 a.m.: DFINITY, the non-profit behind Internet Computer (ICP), holds its Internet Identity 2.0 ask me anything (AMA) and team update event, unveiling its self-sovereign login solution.
- Sept. 24: Hedera (HBAR) mainnet upgrade (release v0.65).
- Sept. 25, 8:00 AM ET: Plasma, a layer-1 blockchain designed for global stablecoin payments, launches its mainnet beta and native token XPL.
Macro
- Sept. 22, 8:30 a.m.: Canada August PPI YoY Est. N/A (Prev. 2.6%), MoM Est. 0.9%.
- Sept. 22, 12 p.m.: Fed Governor Stephen Miran speech on "Non-Monetary Forces and Appropriate Monetary Policy."
- Sept. 23, 8 a.m.: Mexico July Retail Sales YoY Est. N/A (Prev. 2.5%), MoM Est. N/A (Prev. -0.4%).
- Sept. 23, 9 a.m.: Fed Vice Chair for Supervision Michelle Bowman speech on "Economic Outlook."
- Sept. 23, 9:45 a.m.: S&P Global U.S. September PMI Composite (flash) Est. 54.6, Manufacturing Est. 51.6, Services Est. 53.
- Sept. 23, 10 a.m.: Richmond Fed Manufacturing Index Est. -5.
- Sept. 23, 12:35 p.m.: Fed Chair Jerome Powell speech on "Economic Outlook."
- Sept. 23, 4 p.m.: Paraguay benchmark interest rate Est. N/A (Prev. 6%).
- Sept. 24, 10 a.m.: U.S. August New Home Sales Est. 0.65M.
- Sept. 25, 4 a.m.: Eurozone M3 Money Supply YoY Est. 3.3%.
- Sept. 25, 8:30 a.m.: U.S. August Durable Goods Orders MoM Composite Est. -0.4%, Ex-transportation Est. -0.1%.
- Sept. 25, 8:30 a.m.: U.S. Q2 GDP growth rate (final) QoQ Est. 3.3%.
- Sept. 25, 8:30 a.m.: U.S. Jobless Claims initial (w/e Sept. 20) Est. 240K, continuing (w/e Sept. 13) Est. 1920K.
- Sept. 25, 8:30 a.m.: U.S. Q2 headline PCE Prices (final) QoQ Est. 2%; core Est. 2.5%.
- Sept. 25, 10 a.m.: U.S. August Existing Home Sales Est. 3.98M.
- Sept. 25, 10 a.m.: Fed Vice Chair for Supervision Michelle Bowman speech on "Supervision and Regulation."
- Sept. 25, 1 p.m.: Fed Governor Michael Barr speech on "Bank Stress Testing."
- Sept. 25, 3 p.m.: Mexico benchmark interest rate Est. N/A (Prev. 7.75%).
- Sept. 26, 8:30 a.m.: Canada July GDP MoM Est. 0.1%.
- Sept. 26, 8:30 a.m.: U.S. August headline PCE Price Index YoY Est. N/A (Prev. 2.6%), MoM Est. N/A (Prev. 0.2%); core YoY Est. N/A (Prev. 2.9%), core MoM Est. 0.2%.
- Sept. 26, 10 a.m.: September Michigan Consumer Sentiment (final) Est. 55.9.
- Sept. 26, 1 p.m.: Fed Vice Chair for Supervision Michelle Bowman speech on "Approach to Monetary Policy Decision-Making."
Earnings (Estimates based on FactSet data)
- None scheduled.

Token Events

Governance votes & calls
- Gnosis DAO is voting on a $40k pilot Growth Fund using conviction voting on Gardens to empower GNO holders and support small, community-led ecosystem initiatives. Voting ends Sept. 23.
- Balancer DAO is voting on an ecosystem roadmap and funding plan through Q2 2026. It sets growth, revenue, innovation and governance targets and requests $2.87 million in USDC and 166,250 BAL to fund initiatives. Voting ends Sept. 23.
- Balancer DAO is voting on an urgent proposal to deploy v3 on Plasma with Aave, using phased checkpoints to secure early liquidity and expand Balancer’s multi-chain presence. Voting ends Sept. 23.
- ZKsync DAO is voting on a Community Activation Pilot to allocate 20M ZK tokens toward existing initiatives and a new RFP program, funding global awareness, education, and developer adoption efforts managed by the ZKsync Foundation. Voting ends Sept. 23.
- Gnosis DAO is voting on a proposal to award a $10K bounty to a researcher who disclosed a consensus bug that could have caused a Gnosis Chain split. Voting ends Sept. 24.
- Curve votes on Michael Egorov proposal to create Yield Basis, a $60M plan to fund bitcoin pools and give veCRV holders up to 65% of revenue. Voting ends Sept. 24.
- Decentraland DAO is voting on a new Veto Procedure that lets the Council approve major decisions internally, while giving the community 14 days to challenge them through a Veto Proposal. Voting ends Sept. 29.
- Sept. 23: SwissBorg to make a live announcement.
Unlocks
- Sept. 20: Velo (VELO) to unlock 13.63% of its circulating supply worth $43.39 million.
- Sept. 21: Optimism (OP) to unlock 6.89% of its circulating supply worth $96.41 million.
- Sept, 28: Jupiter (JUP) to unlock 1.75% of its circulating supply worth $28.89 million.
Token Launches
- Sept. 22: Falcon Finance to host community sale on Buidlpad.