U.S. inflation, European Central Bank rate decision: Crypto Week Ahead
Your look at what’s coming in the week starting June 8.
What to know:
Crypto Week Ahead is a comprehensive list of what’s coming up in the world of cryptocurrencies and blockchain, as well as the major macroeconomic events that will influence digital asset markets.
The direction of the week’s risk appetite could be dictated by a high-stakes macro calendar. Traditional markets are bracing for Wednesday’s U.S. CPI print, and a hot inflation reading could lock in a restrictive Federal Reserve stance and deepen recent spot ETF outflows.
With the market trying to find a definitive bottom amid persistent geopolitical friction and shifting risk capital, the week’s data will determine whether the asset class faces further downside or maps out a structural recovery.
What to Watch
(All times ET)
- Crypto
- June 8: Coinbase debuts its perpetual-style equity index futures, expanding its derivatives offerings beyond crypto assets.
- June 8: Starknet introduces a new STRK20 privacy standard on its mainnet, adding native privacy-preserving features and shielding mechanics to the Ethereum layer-2 network.
- June 8-12: The Clarity Act continues its legislative progress on the full Senate floor. The market-structure bill faces debate over DeFi obligations and stablecoin yield exemptions.
- Macro
- June 9, 9:30 p.m.: China Inflation Rate YoY for May est. 1.3% (Prev. 1.2%); PPI YoY est. 3.8% (Prev. 2.8%)
- June 10, 8:30 a.m.: U.S. Inflation Rate YoY for May est. 4.2% (Prev. 3.8%); Core Inflation Rate YoY est. 2.9% (Prev. 2.8%)
- June 10, 8:30 a.m.: U.S. Inflation Rate MoM for May est. 0.5% (Prev. 0.6%); Core Inflation MoM est. 0.3% (Prev. 0.4%)
- June 11, 4:15 a.m.: ECB Interest-Rate Decision est. 2.25% (Prev. 2.00%)
- June 11, 8:30 a.m.: U.S. PPI MoM for May est. 0.8% (Prev. 1.4%); Core PPI MoM est. 0.4% (Prev. 0.7%)
- June 11, 8:30 a.m.: U.S. Initial Jobless Claims for period ending June 6 est. 218K (Prev. 215K)
- June 12, 2 a.m.: U.K. GDP MoM for April est. -0.1% (Prev. 0.3%); GDP YoY est. 1.1% (Prev. 1.2%)
- Earnings
- None scheduled
