U.S. Shutdown, UK ETNs, Hedera Upgrade: Crypto Week Ahead

Crypto markets may be distracted by the U.S. government shutdown in the coming week. With key data from the world’s largest economy not being published, traders may find difficulty in identifying big-picture catalysts for their positions.

While the shutdown means new exchange-traded funds won’t be approved in the U.S., across the Atlantic U.K. retail investors will gain access to crypto exchange-traded notes (ETNs) for the first time in four years. The Financial Conduct Authority rescinded a ban in August, saying the market had evolved and such products had become better understood.

Within the crypto industry, Hedera is upgrading its mainet to introduce batch transactions and Jito DAO is voting on whether to double the number of validators on the Solana infrastructure project’s StakeNet platform in an attempt to “move the Jito Stake Pool into a more productive economic equilibrium.”

What to Watch

  • Crypto
    • Oct. 6: Cronos (CRO) is discontinuing CronoScan in favor of Cronos Explorer.
    • Oct. 6, 4 a.m.: The Floki (FLOKI) team is hosting its monthly AMA on Telegram.
    • Oct. 8: U.K. retail investors regain regulated access to crypto exchange-traded notes (ETNs) as the Financial Conduct Authority (FCA)’s four-year ban on these products ends.
    • Oct. 8, 1 p.m.: Hedera (HBAR) mainnet upgrade to version 0.66.
    • Oct. 9, 12 p.m.: Cronos (CRO) team is hosting an AMA on X.
  • Macro
    • Oct. 7, 10:05 a.m.: Fed Vice Chair for Supervision Michelle W. Bowman delivers welcoming remarks at the 2025 Community Banking Research Conference, St. Louis, Mo. Watch live.
    • Oct. 7, 10:30 a.m.: Conversation with Fed Governor Stephen I. Miran at the Managed Funds Association (MFA) Policy Outlook 2025 in New York. Watch live.
    • Oct. 8, 9:30 a.m.: Fed Governor Michael S. Barr speech at the 2025 Community Banking Research Conference in St. Louis. Watch live.
    • Oct. 8, 2 p.m.: Minutes from the Fed’s Sept. 16-17 FOMC meeting.
    • Oct. 9, 8 a.m.: Brazil Sept. headline inflation rate YoY (Prev. 5.13%), MoM (Prev. -0.11%).
    • Oct. 9, 8 a.m.: Mexico Sept. inflation rate. Headline YoY (Prev. 3.57%), MoM (Prev. 0.6%). Core YoY (Prev. 4.23%), MoM (Prev. 0.22%).
    • Oct. 9, 8:30 a.m.: U.S. Jobless Claims. Initial ((for week ended Oct. 4) Est. 223K, Continuing (for week ended Sept. 27) Est. 1930K. (Report likely to be delayed due to current federal government shutdown)
    • Oct. 9, 8:30 a.m.: Fed Chair Jerome H. Powell delivers welcome remarks at the Community Bank Conference, Washington, D.C. Watch live.
    • Oct. 10, 8 a.m.: Brazil Aug. PPI YoY (Prev. 1.36%), MoM (Prev. -0.3%).
    • Oct. 10, 8:30 a.m.: Canada Sept. Unemployment Rate (Prev. 7.1%).
    • Oct. 10, 10 a.m.: Michigan Consumer Sentiment Oct. (Preliminary) (Prev. 55.1).
  • Earnings (Estimates based on FactSet data)

Token Events

  • Governance votes & calls
    • Compound DAO is holding a non-binding “temperature check” vote on a proposal to deprecate Compound V2. Voting ends Oct. 6.
    • Gnosis DAO is voting on GIP-138 to fund NodeSentinel, a validator monitoring tool used by 94 operators for 60k+ validators. Voting ends Oct. 7.
    • ZKSync DAO is voting on a proposal to allocate 25 million ZK tokens (~$1.25M) for the “Prividium Roadshow” through the end of 2026. Voting ends Oct. 8.
    • GMX is holding elections for Season 3 of its Listing Committee, which will select three members to oversee and approve new asset listings on GMX protocols.Voting ends Oct. 8.
    • Jito DAO is voting on a proposal to expand the validator set from 200 to 400 and update StakeNet’s ranking and eligibility criteria to address negative stake pool dynamics.
    • Decentraland DAO is voting to replace the DAO Committee with a 3-of-5 multisig of ecosystem representatives, shifting execution-only duties while the council retains oversight. Voting ends Oct. 10.
    • Oct. 9: to host an Ask Me Anything (AMA) session.
  • Unlocks
    • Oct. 10: to unlock 6.57% of its circulating supply worth $27.9 million.
    • Oct. 11: to unlock 2.15% of its circulating supply worth $57.91 million.
    • Oct. 12: to unlock 16.08% of its circulating supply worth $64.95 million.
  • Token Launches
    • Oct. 8: Sky (SKY) to be listed on BitFlyer.

Conferences



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