As we step into a new week, there are several key economic updates and crypto-related events that could impact the markets. From inflation data, US Economic Reports, jobless claims to major token unlocks, here’s what you need to watch.
Monday, March 10
A quiet start to the week as no major U.S. economic reports are scheduled. However, in the crypto space, Axie Infinity (AXS) kicks off a new SLP season. If everything goes as planned, the demo season for their updated system will be live, featuring 66 new Level 2 cards for Classic Competitive (CC). This comes after several offseason updates like gears, starter and guardian mode quests, and a new tower mode. This season also brings back SLP rewards in gameplay, though it remains an experimental feature. Expect some excitement in the Axie community as players dive into these changes.
Tuesday, March 11
The day begins with the NFIB Small Business Optimism Index for February, reported at 10:00 AM UTC. This index reflects the confidence of small businesses in the U.S. economy, which can signal future employment trends and investment activity.
At 02:00 PM UTC, the Job Openings report for January is set to be released. Previously, there were 7.6 million job openings, and analysts will be looking for signs of labor market strength or weakness. A decline could suggest a cooling job market, which may influence Federal Reserve policy decisions.
Wednesday, March 12
A big day for economic data, with the release of the Consumer Price Index (CPI) for February at 12:30 PM UTC. The CPI measures inflation, and investors and policymakers will closely watch it. Analysts expect the monthly CPI to reach 0.3%, slightly lower than last month’s 0.5%. They forecast the year-over-year CPI to drop to 2.9% from 3.0%. The Core CPI, which excludes food and energy prices, is expected to rise 0.3% month-over-month and 3.0% year-over-year, signaling stable but sticky inflation.
Later at 6:00 PM UTC, the U.S. federal budget balance for February will be reported. The deficit is expected to be $275 billion, an improvement from the previous $296 billion shortfall.
In the crypto world, Aptos (APT) will unlock 11.31 million tokens, amounting to 1.92% of its circulating supply, worth approximately 64.01 million USDC. Token unlocks can create selling pressure, so investors will be monitoring the impact on price.
Source | Tokenomist
Thursday, March 13
More key U.S. economic indicators arrive on Thursday:
- At 12:30 PM UTC, analysts expect Initial Jobless Claims for March 8 to reach 220,000, similar to last week’s 221,000. This will provide insights into the labor market’s health.
- The Producer Price Index (PPI) for February is also due at 12:30 PM UTC, with expectations of a 0.3% increase. The Core PPI, which excludes volatile items like food and energy, is forecasted to rise 0.3% month-over-month and 3.5% year-over-year.
In crypto, Render Network (RENDER) will release 492,130 tokens, which accounts for 0.10% of its circulating supply, worth 1.52 million USDC.
Source | Tokenomist
Additionally, Axie Infinity (AXS) will unlock 815,630 tokens, which represents 0.51% of its circulating supply, worth approximately 2.55 million USDC.
Source | Tokenomist
Friday, March 14
At 2:00 PM UTC, analysts will release the preliminary reading for March’s Consumer Sentiment Index. They expect it to drop to 64.0 from 65.7 last month. Consumer sentiment plays a crucial role in predicting consumer spending, which drives a significant portion of the U.S. economy.
Sunday, March 16
Crypto markets will be watching two major events:
- Arbitrum (ARB) unlocks 92.65 million tokens, accounting for 2.10% of its circulating supply, valued at 32.76 million USDC.
Source | Tokenomist
- Jupiter (JUP) rolls out a new verification system to allow community participation in verifying tokens. Upgrade balances automation with community oversight and tackles the challenge of verifying a growing number of new tokens daily.
Final Thoughts
This week brings crucial updates on U.S. inflation, job market trends, and consumer sentiment, which will help shape expectations for Federal Reserve policy. Investors and traders should stay alert to market reactions and potential opportunities.
Please note that this article is not financial advice. Always do your own research (DYOR) before making investment decisions. You can also find more insights and research at blog.millionero.com. When you’re ready, you can trade spot and perpetual futures on Millionero and take advantage of the latest market trends.