GM, it’s Monday. The week is starting, keep your eye on the market, especially crypto and finance. There are some major events, updates, and decisions that could make the market extremely volatile.
Source | UToday
October 7: XRP & FTX in the Spotlight
The SEC appeal deadline for XRP is today. This is definitely gonna be a turning point for the Ripple community, and the decision is gonna have a huge impact. At the same time, Sam Bankman’s FTX is also having a court hearing for its Chapter 11 reorganization plan. Payouts to over 98% of customers and unsecured creditors is possible.
October 8: OKX Delisting & EIGEN Unlock
OKX Delistings
OKX is delisting several tokens like $REN, $TAKI, and others. These changes will likely cause some volatility as OKX is not the small exchange it used to be.
$EIGEN Token Unlock
Also, $EIGEN is set for a $41M unlock, already after one week of being listed. This kind of capital movement could create significant shifts in traders’ sentiment toward Eigen as there are already speculations on Eigen not being transparent with its community regarding their staking plans.
October 9: A Day of Forks and Listings
$STX Nakamoto Hard Fork
This project is worth watching closely. $STX, along with $ZRO and $W are all involved in the Interoperability technology.
Stacks is gonna do an important upgrade to its network structure that will make it a faster and more secure network. You can read the details here.
Interoperability is an important fundamental in crypto as it essentially means connecting the different blochains together. But more importantly, there is speculation that Interoperability could be one of the top narratives in this upcoming bullrun.
$STX is available on Milionero Exchange, both SPOT and Perpetual Markets.
October 10: Airdrops, CPI, and Tesla’s Robotaxi Event
– $CHZ PEPPER Airdrop Snapshot: If you’re a holder of $CHZ, be aware.
Chiliz CEO Reminds The Market That PEPPER Is Only For The Chiliz Community
U.S. CPI & Jobless Claims
Consumer Price Index (CPI) data will drop. It is forecasted to be 2.3% while previously being 2.5%. If it comes out to be 2.3% or lower, Crypto will jump. Vice Versa, Crypto will dump.
Additionally Jobless Claims previous number is 225K. It also have an inverse relation with the market.
Source | Investopedia
Tesla’s Robotaxi Reveal
Tesla’s “robotaxi” is expected to be revealed. Investors and tech enthusiasts will be looking for details on production, rollout, and costs. Plus, this could give a glimpse of Tesla’s rumored low-cost model, that could sell for as low as $25,000.
Source | MSN
October 11: Earnings & Big Crypto Moves
$APT $91M Unlock
A big token unlock for $APT even though they just received massive funds from their Franklin Templeton partnership.
$APT is available on Milionero Exchange, both SPOT and Perpetual Markets.
U.S. PPI & Consumer Sentiment
Producer Price Index and consumer sentiment data will be released. If PPI comes out lower than expected, that means inflation is under control and there is no need for rate hikes, which is positive for the market. There is also a chance that PPI might come out too low for the FED’s liking, low enough to push them for very heavy rate cuts.
PepsiCo, JPMorgan & Wells Fargo Earnings
Later this week, some public companies will announce their earnings. Obviously, positive earnings are favorable. It provides a pump to the S&P500 which in turn will reflect positively on the crypto market.
Earnings Themes to Watch
AI Adoption
The market is waiting to see if AI investments are paying off. If companies hint at cutbacks in AI, we could see a major shift in tech stocks, and by extension, the crypto scene. Analysts are saying that this first new stage of adoption could be a bubble that is about to burst because people just aren’t that ready for this much AI.
SATOSHI NAKAMOTO
– New HBO Documentary on Satoshi Nakamoto: “Money Electric: The Bitcoin Mystery” might finally reveal the real identity of Bitcoin’s mysterious creator. This could spark new debates in the crypto community. It’s already stirring up a ton of speculation in the community. Do you think Satoshi’s Identity should remain a secret? Let us know on our twitter.
Nakamoto, who has an engineering background, explained to the AP that anyone could have programmed bitcoin, but repeatedly said it wasn’t him. (Damian Dovarganes/AP)
Stay tuned for what’s shaping up to be a busy week in both crypto and finance. Whether you’re tracking token unlocks, market shifts, or earnings reports, this week has plenty to offer for investors, traders, and enthusiasts alike. Please DYOR and educate yourself before trading on our insightful blog at Millionero