U.S. jobs report, Ethereum upgrade: Crypto Week Ahead

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Welcome to the new year. It’s looking like a quiet week to kick things off.

The Ethereum blockchain is activating an incremental upgrade as part of its Fusaka roadmap, and BNB Chain is voting on a proposal to tweak some system parameters to align with the Fermi hard fork, scheduled for Jan. 14.

The economic report most likely to influence markets doesn’t come till Friday. U.S. nonfarm payrolls data is forecast to show the world’s largest economy created 57,000 jobs in December.

What to Watch

  • Crypto
    • Jan. 7: Ethereum activates its second “Blob Parameter Only” (BPO‑2) hard fork, raising the blob target to 14 and the maximum to 21 blobs per block to expand data capacity for rollups as part of the Fusaka scaling roadmap.
    • Jan. 8, 11 a.m.: ZBCN$0.002694 AMA (“Product Roadmap & Tokenomics for 2026”) on X.
  • Macro
    • Jan. 5, 10 a.m.: U.S. Dec. ISM Manufacturing PMI Est. 48.3.
    • Jan. 6, 7 a.m.: Mexico Dec. Consumer Confidence (Prev. 44.2).
    • Jan. 6, 8 a.m.: Brazil Dec. S&P Global PMI. Services (Prev. 50.1); Composite (Prev. 49.6).
    • Jan. 6, 9:30 a.m.: Canada Dec. S&P Global PMI. Services (Prev. 44.3); Composite (Prev. 44.9).
    • Jan. 6, 9:45 a.m.: U.S. Dec. (Final) S&P Global PMI. Services Est. 52.9; Composite Est. 53.
    • Jan. 7, 5 a.m.: Eurozone Dec. (Flash) Consumer Price Inflation. Headline Rate YoY Est. 2.1%; Headline Rate MoM (Prev. -0.3); Core Rate YoY Est. 2.4%.
    • Jan. 7, 8:15 a.m.: Dec. ADP Employment Change Est. 47K.
    • Jan. 7, 10 a.m.: Dec. ISM Services PMI Est. 52.3.
    • Jan. 7, 10 a.m.: Nov. JOLTS report. Job Openings Est. 7.73M; Job Quits (Prev. 2.941M).
    • Jan. 8, 5 a.m.: Eurozone Nov. Unemployment Rate Est. 6.4%.
    • Jan. 8, 5 a.m.: Eurozone Nov. PPI. YoY (Prev. -0.5%); MoM Est. 0.4%.
    • Jan. 8, 7 a.m.: Mexico Dec. Consumer Price Inflation. Headline Rate YoY Est. 3.9%; Headline Rate MoM Est. 0.48; Core Rate YoY Est. 4.37%; Core Rate MoM Est. 0.42%.
    • Jan. 8, 8:30 a.m.: U.S. Jobless Claims. Initial (for week ended Jan. 3) Est. 205K; Continuing (for week ended Dec. 27) (Prev. 1866K).
    • Jan. 9, 7 a.m.: Brazil Dec. Consumer Price Inflation. Headline Rate YoY Est. 4.35%; Headline Rate MoM Est. 0.41%.
    • Jan. 9, 8:30 a.m.: Canada Dec. Unemployment Rate Est. 6.7%.
    • Jan. 9, 8:30 a.m.: U.S. Dec. Jobs Report. Nonfarm Payrolls Est. 57K; Unemployment Rate Est. 4.5%.
    • Jan. 9, 10 a.m.: Dec. (Preliminary) Michigan Inflation Expectations (Prev. 4.2%).
  • Earnings (Estimates based on FactSet data)

Token Events

  • Governance votes & calls
    • BIM Protocol is voting on integrating a bridge to Bitcoin and Monero via Quickex to expand cross-chain interoperability. Voting ends Jan. 5.
    • SSV Network DAO is voting to expand its market-making program, increasing the total allocation to 300,000 SSV ($1.3 million) to secure a 12–18 month agreement with a top-tier market maker for improved liquidity. Voting ends Jan. 6.
    • Compound DAO is voting to top up reward contracts on Arbitrum and Unichain to maintain user incentives, following a correction to a previous proposal. Voting ends Jan. 6.
    • TrueFi DAO is voting to authorize a comprehensive protocol rebrand and mint the remaining TRU supply to recapitalize the treasury. Voting ends Jan. 6.
    • Aave is voting on a proposal to onboard April 2026 maturity Principal Tokens for Ethena’s USDe and sUSDe to the V3 Plasma Instance. Voting ends Jan. 6.
    • BNB Chain is voting on a proposal to adjust five system parameters to align with the upcoming Fermi hard fork and its faster 0.45-second block interval. Voting ends Feb. 2.
  • Unlocks
    • Jan. 5: HYPE$26.45 to unlock 3.61% of its circulating supply worth $329.6 million.
    • Jan. 11: APT$1.9463 to unlock 0.7% of its circulating supply worth $21.5 million.
    • Jan. 13: CHEEL$0.5625 to unlock 2.78% of its circulating supply worth $11.67 million.
  • Token Launches
    • Jan. 5: Lighter (LIT) to be listed on BTSE.
    • Jan. 6: Brevis (BREV) to be listed on Binance, BingX, and others.

Conferences