The crypto market enters a packed week as Ethereum prepares for network upgrades, token events draw attention, and global economic developments continue to impact digital assets. Bitcoin currently trades around $115,261, while Ethereum holds near $4,173, showing some recovery after recent market volatility.
Ethereum Fusaka Upgrade on Testnet
Ethereum developers are rolling out the Fusaka hard fork on the Sepolia testnet on October 14. This upgrade aims to enhance network efficiency and transaction speed, laying the groundwork for future mainnet improvements. Traders and developers are closely monitoring the test results, as a successful rollout could strengthen confidence in Ethereum’s long-term roadmap.
U.S. Government Shutdown Weighs on Market
Investor caution remains high as the U.S. government shutdown delays crucial economic data, including inflation and producer price index (PPI) reports. Pending crypto ETF approvals are also on hold, adding uncertainty for short-term price movements. This backdrop makes it a critical week for assessing market direction.
Governance Votes and Token Unlocks
Several DAOs are conducting key governance votes. Superfluid DAO and ENS DAO are deciding on upgrades to improve usability and yield. Sandbox DAO and GnosisDAO focus on operational improvements, while Arbitrum DAO addresses quorum rules. Token unlocks are also scheduled: STRK, SEI, ARB, and FTN release significant portions of their circulating supply between October 15-18, potentially affecting prices in the short term.
New Projects Launching
New initiatives are coming online this week. SANDchain, a zk-powered Ethereum layer-2, launches on October 14, while ZBCN will be listed on Kraken on October 15. The Aster (ASTER) airdrop claiming period ends on October 17, attracting attention from traders and community members.
Major Events Across the Globe
The crypto calendar is packed with conferences and summits. The Digital Asset Summit in London starts on October 13, followed by DC Fintech Week and the Future of Finance Tokenisation Event. Other notable events include the European Blockchain Convention in Barcelona, the Bitcoin 2140 Forum in Dubai, and ETHShanghai in China from October 18-22.
Key Event Highlights:
- Oct 13: Superfluid DAO and ENS DAO votes; Digital Asset Summit London begins.
- Oct 14: Ethereum Fusaka testnet upgrade; SANDchain launch; dYdX Analyst Call; DC Fintech Week starts.
- Oct 15: BNB Chain Wallet ends; STRK and SEI token unlocks; Sandbox DAO vote; key economic data (Brazil, U.S., Colombia).
- Oct 16: Lido Poolside Call; OpenxAI launch; ARB unlock; U.S. retail and PPI data; RegTech Summit; European Blockchain Convention starts.
- Oct 17: SynFutures AMA; Eurozone inflation data; ASTER airdrop ends; Chain Culture 2025 begins.
- Oct 18-22: ETHShanghai; BTC Balkans.
This week promises a blend of technological upgrades, governance decisions, token events, and global economic influences, making it a critical period for crypto investors and traders.
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