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    Upcoming Week in Crypto: FOMC Rate Decision and Do Kwon Sentencing

    Ethan CarterBy No Comments4 Mins Read



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    This week, the Federal Reserve is convening to determine U.S. interest rates. The Federal Open Markets Committee (FOMC) is anticipated to lower the target rate by 25 basis points to a range of 3.50% to 3.75% during their announcement on Dec. 10, as indicated by the CME’s Fedwatch tool. Reduced rates usually promote investments in riskier assets, such as cryptocurrencies and stocks, as investors seek higher returns.

    Do Kwon, who founded Terraform Labs, is scheduled for sentencing on Dec. 11 after pleading guilty to investor fraud. Prosecutors in the U.S. have advised a 12-year prison term. The collapse of Kwon’s UST algorithmic stablecoin and the related luna token significantly contributed to the severe market downturn in 2022, dubbed “crypto winter.”

    What to Watch

    • Crypto
      • Dec. 8: EstateX (ESX) platform launches for Unicorn Club members (1M ESX needed) and NFT holders; first property is put up for sale.
      • Dec. 8 (market open): ProCap Financial Inc. (BRR), created from the merger of Columbus Circle Capital Corp. I and ProCap BTC, LLC, starts trading on Nasdaq Global Market.
      • Dec. 8, 11:30 a.m.: Enjin (ENJ) activates the Sentosa upgrade on the mainnet for both Relaychain and Matrixchain.
      • Dec. 8, 1:30 p.m.: Hivemapper (HONEY) AMA on X Spaces.
      • Dec. 9: Twenty One Capital begins trading on NYSE under ticker XXI after merging with Cantor Equity Partners (CEP).
      • Dec. 10, 6 a.m.: Kaia (KAIA) Korea AMA on X Spaces.
      • Dec. 10: Celo’s Jello hardfork will introduce ZK-powered fault proofs to the network.
      • Dec. 11, 11 a.m.: Do Kwon, co-founder of Terraform Labs, who admitted guilt in August to conspiracy and wire fraud charges, faces sentencing in New York by Judge Paul Engelmayer. Prosecutors are seeking up to 12 years, while the defense requests five.
      • Dec. 11, 3 p.m.: Chia (XCH) AMA on Zoom.
      • Dec. 12: EstateX (ESX) platform becomes accessible to all; fractional real estate shares can be purchased through PROPX.
      • Dec. 13 (approximate): Bittensor (TAO) will experience its first halving event, reducing daily TAO emissions from 7,200 to 3,600.
      • Dec. 13, 12 p.m.: Xelis (XELIS) smart contracts launch on the mainnet.
    • Macro
      • Dec. 9, 7 a.m.: Mexico’s November inflation rate. Headline YoY (Prev. 3.57%), MoM (Prev. 0.36%). Core YoY (Prev. 4.28%), MoM (Prev. 0.29%).
      • Dec. 9, 8:15 a.m.: ADP Employment Change Weekly (Prev. -13.5K).
      • Dec. 9, 10 a.m.: The Job Openings and Labor Turnover Survey (JOLTS) report. Sept. Job Openings Est. 7.2M, Sept. Job Quits (Prev. 3.091M).
      • Dec. 10, 7 a.m.: Brazil’s November headline inflation rate YoY (Prev. 4.68%), MoM Est. 0.09%.
      • Dec. 10, 9:45 a.m.: Canada central bank interest-rate decision. Benchmark rate (Prev. 2.25%). 10:30 a.m. press conference.
      • Dec. 10, 2 p.m.: Federal Open Market Committee (FOMC) rate decision (25-basis-point cut to 3.5%-3.75% expected) and economic projections; 2:30 p.m. press conference (watch live).
      • Dec. 10, 4:30 p.m.: Brazil’s central bank interest-rate decision. Benchmark rate (Prev. 15%).
      • Dec. 11, 8:30 a.m.: U.S. Initial Jobless Claims for week ending Dec. 6 (Prev. 191K), U.S. Continuing Jobless Claims for week ending Nov. 29 (Prev. 1939K).
    • Earnings (Estimates based on FactSet data)

    Token Events

    • Governance votes & calls
      • Celo Public Goods is holding a vote on the December allocation for “Support Streams Season 1,” distributing CELO and OP to projects based on stCELO votes. Voting ends Dec. 8.
      • Aave DAO is voting to add the Paxos-issued USDG stablecoin to the Aave V3 Core instance. Voting ends Dec. 8.
      • ENS DAO is conducting a “temperature check” vote to commission an independent retrospective of its operations and spending from the last two years. Voting ends Dec. 9.
      • CoW DAO is voting on CIP-76 to approve a 2026 budget of 13.8 million USDC and a 100 million COW token top-up for its core team’s operations and incentives. Voting ends Dec. 9.
      • GnosisDAO is voting on GIP-144 to renew Blockscout’s hosting and SLA services for the 2026 calendar year. Voting ends Dec. 9.
      • MoonDAO is voting on MDP-204 to revamp its project system by transitioning to quarterly voting and monthly reporting. Voting ends Dec. 10.
      • Arbitrum DAO is voting on a one-year initiative funded by the existing DIP budget to provide financial rewards to delegates with over 200k ARB who vote consistently and share their rationale. Voting ends Dec. 11.
    • Unlocks
      • Dec. 10: LINEA$0.007990 to release 6.76% of its circulating supply valued at $14.63 million.
      • Dec. 11: APT$1.7714 to release 0.96% of its circulating supply worth $21.04 million.
      • Dec. 13: CHEEL$0.5227 to unlock 2.86% of its circulating supply worth $11.02 million.
    • Token Launches
      • Dec. 8: Stable (STABLE) mainnet launches. The token will debut on MEXC, Bitfinex, Phemex, and others.
      • Dec. 9: HumidiFi’s WET token claiming period begins, and liquidity pools activate.
      • Dec. 10: LAVA$0.2239 will be listed on Kraken.

    Conferences

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    Ethan is a seasoned cryptocurrency writer with extensive experience contributing to leading U.S.-based blockchain and fintech publications. His work blends in-depth market analysis with accessible explanations, making complex crypto topics understandable for a broad audience. Over the years, he has covered Bitcoin, Ethereum, DeFi, NFTs, and emerging blockchain trends, always with a focus on accuracy and insight. Ethan's articles have appeared on major crypto portals, where his expertise in market trends and investment strategies has earned him a loyal readership.

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