Greetings, traders! 👋
September kicks off with a packed calendar: Jobs Week, $27M+ in token unlocks, and the Beige Book. After Warsh's hawkish Jackson Hole speech pushed September rate-hike odds to ~60%, markets are on edge.
All times are in UTC for our global community.
📅 MONDAY, August 31
Revolut delists USDT; HyENA and Printr cease operations.
📅 TUESDAY, September 1
🇪🇺 08:00 UTC — EU Manufacturing PMI (Aug Final)
🇪🇺 09:00 UTC — EU CPI (Aug Prelim) — Expected: 3.3% annual, up from 2.9%
🇺🇸 13:45 UTC — S&P Global US Manufacturing PMI (Aug Final)
🇺🇸 14:00 UTC — ISM Manufacturing PMI (Aug) — Expected: 55.1
🇺🇸 14:00 UTC — JOLTS Job Openings (July) — Expected: 7.38M
🔓 Token Unlocks:
Sui — ~13.53M tokens (~$10M), 0.33% of circulating supply
EigenLayer — ~36.92M tokens (~$6.8M), 5.48% of supply
📌 Also today: Russia's comprehensive crypto regulation law takes effect; Franklin Templeton launches two Bitcoin dividend reinvestment ETFs.
📅 WEDNESDAY, September 2 — BoC + Beige Book
🇨🇦 12:00 UTC — Bank of Canada Rate Decision — Expected: hold at 2.25% for the 7th consecutive meeting
🇺🇸 12:15 UTC — ADP Employment Change (Aug) — Expected: +47K (prior: +44K)
🇺🇸 14:00 UTC — Factory Orders (July)
🇺🇸 14:30 UTC — US Crude Oil Inventories
🇺🇸 19:00 UTC — Beige Book — Anecdotal economic summary from all 12 Fed districts, released ahead of the September FOMC meeting
🔓 Ethena unlock — ~40.63M tokens (~$6M), 0.46% of circulating supply
📅 THURSDAY, September 3
🇪🇺 08:00 UTC — EU Services & Composite PMI (Aug Final)
🇺🇸 12:30 UTC — Initial Jobless Claims — Expected: ~205K
🇺🇸 12:30 UTC — US Trade Balance (July)
🇺🇸 13:45 UTC — S&P Global US Services & Composite PMI (Aug Final)
🇺🇸 14:00 UTC — ISM Services PMI (Aug) — Expected: 54.1
🇺🇸 20:30 UTC — Fed Balance Sheet
🔓 Token Unlock:
Sui — Additional ~10.61M tokens
📅 FRIDAY, September 4 — NFP DAY 📊
🇺🇸 12:30 UTC — Nonfarm Payrolls (Aug) — Expected: +58K jobs (prior: -23K)
🇺🇸 12:30 UTC — Unemployment Rate (Aug) — Expected: 4.1%
🇺🇸 12:30 UTC — Average Hourly Earnings — Expected: +0.1% MoM
⚡️ What XBTS DEX Is Watching This Week
1️⃣ Jobs Data (Fri) — The most important report of the week. July payrolls unexpectedly fell by 23,000, and a strong August print could cement September rate-hike odds (~60%). A miss could trigger relief across risk assets.
2️⃣ ADP (Wed) — A preview of Friday's NFP. Expected +47K.
3️⃣ Beige Book (Wed) — Fed's district-by-district view of economic conditions ahead of the Sept FOMC meeting.
4️⃣ Token Unlocks — Over $27M in new supply this week. SUI (~$10M), EIGEN (~$6.8M), and ENA (~$6M) are the largest.
5️⃣ Bank of Canada (Wed) — Expected to hold at 2.25%, but the strong 3.3% Q2 GDP print gives them room to stay.
Stay sharp. Jobs Week is here.
Trade freely. Trade decentralized.
