Decentrader

Coti Testnet Hardfork
2022-08-02
Coti will be hardforking its’ Testnet, in preparation for the Mainnet hardfork and MultiDAG 2.0 release in September. Provided this goes well, there shouldn’t be any delays in the Mainnet hardfork.
Find out more about both the Mainnet harfork and MultiDAG 2.0 release here
Go here to see how price action is responding to the event!

Closed Markets
2022-08-01
Markets in Canada will generally be closed. This includes the Toronto Stock Exchange.
Stock market holiday closures: Crypto tends to correlate closely with the traditional stock market. So when markets are closed for holidays, Crypto trading activity usually slows down as well. That can lead to reduced liquidity with lower trading volume which can result in increased price volatility.
More information about how traditional market opening times are correlated with Crypto can be found here.

Cardano Vasil Hardfork
2022-07-31
This is one of the most significant upgrades to the Cardano network in years, bringing increased performance, scalability, interoperability and functionality.
More information about the details can be found here
Find out what price action is doing in the run up here
Note: the deadline has been set for the 31st of July, but the upgrade may happen earlier.

FED Meeting
2022-07-27 19:00 - 19:30 UTC
The US Federal Reserve is having a monetary policy meeting. Being the largest economy in the world, these meetings are keenly watched and have far reaching consequences. A useful tool to watch is the CME FedWatch Tool, which shows what the market is predicting the rates will adjust to: https://www.cmegroup.com/trading/interest-rates/countdown-to-fomc.html
The current prediction is for a 75bps rate hike, although inflation has persistently come in higher than expected. The FED will have a press conference after the announcement, which will likely include a lot of discussion about the likelihood of the economy entering a recession.
For more information on how central bank monetary meetings effect Crypto, click here.

Evergrande Bond Payment
2022-07-24
$235m in interest payments is owed by Evergrande group. Our full report on the over-indebted property sector can be found here.

Evergrande Bond Payment
2022-07-22
$117.5m in interest payments is owed by Evergrande group. Our full report on the over-indebted property sector can be found here.

ECB Meeting
2022-07-21 12:00 - 12:30, 2022-06-09
The European Central Bank is having a monetary policy meeting.
For more information on how central bank monetary meetings effect Crypto, click here.

BoJ Meeting
2022-07-21, 2022-06-17
The Bank of Japan is having a monetary policy meeting.
For more information on how central bank monetary meetings effect Crypto, click here.

PBOC Meeting
2022-07-20, 2022-06-20
The People’s Bank of China is having a monetary policy meeting. A key macroeconomic factor currently is the Evergrande debt crisis and over-leveraged property developers in China. Although there is generally a ban on Crypto in China, Asian markets in particular have been concerned with the growing debt crisis in China and reacting strongly to developments in the property sector. The central bank may adjust policies to try stimulate demand for real estate, which has been decimated in recent months.
For more information on how central bank monetary meetings effect Crypto, click here.

Closed Markets
2022-07-18
Markets in Japan will generally be closed. This includes the Tokyo Stock Exchange.
Stock market holiday closures: Crypto tends to correlate closely with the traditional stock market. So when markets are closed for holidays, Crypto trading activity usually slows down as well. That can lead to reduced liquidity with lower trading volume which can result in increased price volatility.
More information about how traditional market opening times are correlated with Crypto can be found here.

US June CPI Data
2022-07-13 12:30 - 13:00
The Bureau of Labor Statistics is releasing inflation data for May 2022. This is will have a strong bearing on the actions the Federal Reserve decides to take at its next meeting. If inflation is worse than anticipated or stubbornly high, the FED will be forced to keep aggressively raising rates. More information on inflation, Central Banks and how they affect markets can be found here.
The CPI data will be released here: https://www.bls.gov/cpi/

BoC Meeting
2022-07-13
The Bank of Canada is having a monetary policy meeting.
For more information on how central bank monetary meetings effect Crypto, click here.

Closed Markets
2022-07-04, 2022-06-20
Markets in America will generally be closed. This includes the New York Stock Exchange and NASDAQ.
Stock market holiday closures: Crypto tends to correlate closely with the traditional stock market. So when markets are closed for holidays, Crypto trading activity usually slows down as well. That can lead to reduced liquidity with lower trading volume which can result in increased price volatility.
More information about how traditional market opening times are correlated with Crypto can be found here.

Closed Markets
2022-07-01
Markets in Canada and Hong Kong will generally be closed. This includes the Toronto Stock Exchange and the Stock Exchange of Hong Kong.
Stock market holiday closures: Crypto tends to correlate closely with the traditional stock market. So when markets are closed for holidays, Crypto trading activity usually slows down as well. That can lead to reduced liquidity with lower trading volume which can result in increased price volatility.
More information about how traditional market opening times are correlated with Crypto can be found here.

ETF decision
2022-07-01
*Update* Unfortunately the Greyscale ETF was rejected. An hour after the rejection, Greyscale formally sued the SEC.
A decision is due on changing the Greyscale Bitcoin Trust into an ETF. The Greyscale Bitcoin Trust currently has roughly 3.5% of the total Bitcoin supply, so changing it into a physically backed (spot) ETF would see it instantly become on of the top 50 ETFs by assets. Transitioning to an ETF would dramatically lower fees and improve liquidity for investors. Having offered a Bitcoin product under regulatory scrutiny and demonstrated protection of investors funds, there is a small chance Greyscale has an advantage over applications to create new products. An ETF would offer better value and greater protection for investors, as the SEC would have greater oversight – which are part of its core goals.
There have been a string of rejections by the SEC for spot Bitcoin ETFs and it is likely the regulatory environment will have to change before one is approved. Regardless, with each application there is increased pressure on the SEC and interest from financial institutions. Typically an announcement regarding denial or delaying the decision is made before the actual due date. This date is just the latest the SEC can make an announcement. If it is approved, there normally isn’t any announcement until the product is ready to be released – no news by this date would be good news.
More information regarding Bitcoin ETFs can be found here.

ETF decision
2022-06-29
A decision is due on the Bitwise Bitcoin ETP trust ETF. It is a physically backed (spot) ETF and as such could dramatically increase demand for Bitcoin, as currently only futures contract based ETFs have been approved.
There have been a string of rejections by the SEC for spot Bitcoin ETFs and it is likely the regulatory environment will have to change before one is approved. Regardless, with each application there is increased pressure on the SEC and interest from financial institutions. Typically an announcement regarding denial or delaying the decision is made before the actual due date. This date is just the latest the SEC can make an announcement. If it is approved, there normally isn’t any announcement until the product is ready to be released – no news by this date would be good news.
More information regarding Bitcoin ETFs can be found here.

Evergrande Bond Payment
2022-06-28
$255.2m in interest payments is owed by Evergrande group. Our full report on the over-indebted property sector can be found here.

Quarterly Derivatives Expiry
2022-06-24 08:00 - 08:30
The last Friday of the quarter is when the quarterly futures and options contracts expire. These generally have a much higher Open Interest than weekly and bi-weekly expiries and therefore can have a more significant impact on markets.

SNB meeting
2022-06-16
The Swiss National Bank is having a monetary policy meeting.
For more information on how central bank monetary meetings effect Crypto, click here.

BoE meeting
2022-06-16
The Bank of England is having a monetary policy meeting. The BoE is expected to continue raising rates, with its fifth consecutive rise. However, the UK is currently suffering from soaring inflation and weak economic growth.
For more information on how central bank monetary meetings effect Crypto, click here.

FED meeting
2022-06-15
The US Federal Reserve is having a monetary policy meeting. Being the largest economy in the world, these meetings are keenly watched and have far reaching consequences. A useful tool to watch is the CME FedWatch Tool, which shows what the market is predicting the rates will adjust to: https://www.cmegroup.com/trading/interest-rates/countdown-to-fomc.html
For more information on how central bank monetary meetings effect Crypto, click here.

US May CPI Data
2022-06-10 12:30 - 13:00

Ethereum Ropsten Merge
2022-06-08
One of Ethereum’s most prominent testnets, Ropsten, is ready to begin The Merge of its mainnet (Proof-of-Work) and Beacon Chain (Proof-of-Stake). This is likely to happen on June 8th. Provided this is successful, it provides some Hopium for Ethereum to complete its Merge later this year, currently set for August. However, The Merge has experienced almost constant delays due to the complexity of the transition. Thus, the success of the Ropsten testnet Merge will be vital for the Ethereum Merge to happen on schedule.
Technical details regarding the Ropsten Merge can be found here.

Closed markets
2022-06-03
Markets in United Kingdom, China and Hong Kong will generally be closed. This includes the London Stock Exchange, Shanghai Stock Exchange, Shenzhen Stock Exchange and the Stock Exchange of Hong Kong.
Stock market holiday closures: Crypto tends to correlate closely with the traditional stock market. So when markets are closed for holidays, Crypto trading activity usually slows down as well. That can lead to reduced liquidity with lower trading volume which can result in increased price volatility.
More information about how traditional market opening times are correlated with Crypto can be found here.

Closed markets
2022-06-02
Markets in United Kingdom will generally be closed. This includes the London Stock Exchange.
Stock market holiday closures: Crypto tends to correlate closely with the traditional stock market. So when markets are closed for holidays, Crypto trading activity usually slows down as well. That can lead to reduced liquidity with lower trading volume which can result in increased price volatility.
More information about how traditional market opening times are correlated with Crypto can be found here.

ETF decision
2022-06-02
A decision is due on the One River Carbon Neutral Bitcoin Trust ETF. It is a physically backed (spot) ETF and as such could dramatically increase demand for Bitcoin, as currently only futures contract based ETFs have been approved.
There have been a string of rejections by the SEC for spot Bitcoin ETFs and it is likely the regulatory environment will have to change before one is approved. Regardless, with each application there is increased pressure on the SEC and interest from financial institutions. Typically an announcement regarding denial or delaying the decision is made before the actual due date. This date is just the latest the SEC can make an announcement. If it is approved, there normally isn’t any announcement until the product is ready to be released – no news by this date would be good news.
More information regarding Bitcoin ETFs can be found here.
