Cryptocurrency markets are demonstrating resilience at the start of the week, with bitcoin approaching the $84,000 threshold despite last week's Federal Reserve rate hike, which raised the benchmark target to 4.00%.
Macro Events and Market Drivers
The economic calendar this week centers on key U.S. data releases. On September 24, investors will watch initial jobless claims for the week ending September 19, estimated at 201,000, alongside new home sales for August projected at 700,000 units. The same day brings Canada's retail sales figures for August.
September 25 will feature durable goods orders data and the final Michigan Consumer Sentiment Index for September. These releases come as markets continue to process recent monetary policy decisions from the Bank of Japan and Bank of England.
Regulatory and Market Structure
On the market structure front, the SEC's conditional five-year exemption window for tokenized securities opens on September 22, allowing select institutional venues to begin pilot trading of tokenized stocks directly on public blockchains.
Token Governance and Unlocks
Several decentralized protocols are holding governance votes this week. Lido DAO is voting on a proposal to authorize a centralized-exchange liquidity market-making mandate budgeting up to $1.5 million in recallable LDO and 480,000 USDC through September 21. Uniswap Governance is holding a temperature check on extending protocol fee collection infrastructure to Arc, an L1 network built by Circle, with voting ending September 23. CoW DAO is voting on a redesign of its solver quote competition through September 25.
Token unlocks scheduled for the week include Canton CC on September 21, TON on September 22, and Humanity H on September 23.
