#SOLETFsOnTheHorizon Next Week in Crypto: Key Events to Watch (Jan 27th - Feb 2nd, 2025)
Next week brings a suite of important events, from token unlocks to the FOMC meeting and key US economic data. Here’s what to keep on your radar:
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🔐 Token Unlocks
#UnlockAlert #TokenUnlockSeries #tokenunlocks
- January 31 – OP Token Unlock
Optimism (OP) will unlock 31.34 million tokens, valued at approximately $52 million, representing 2.32% of its circulating supply.
- February 1 – $SUI Token Unlock
Sui (SUI) is set to unlock 64.19 million tokens, worth approximately $265 million, representing 2.13% of its circulating supply.
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📊 US Economic Data Release and FOMC Meeting
- January 29 — FOMC Meeting and Federal Reserve's Rate Decision
- January 31 — Core PCE Price Index Release
Next week's most impactful event for the markets is, no doubt, the Federal Reserve's rate decision and subsequent FOMC meeting, where Chair Jerome Powell will outline the Fed's outlook on the future direction of monetary policy. While the odds of a January rate cut are minimal, according to the CME FedWatch Tool, markets will be on the lookout for any potential guidance on further rate cut decisions.
Following that, we have the Fed's preferred inflation measure, the PCE Price Index, which has shown signs of being sticky and a slight uptrend in recent readings. A lower reading would suggest a decline in inflation, which could be seen as bullish for markets and subsequently favor monetary easing. However, a higher reading could be perceived as bearish for markets and may prompt the Fed to maintain a tighter monetary policy stance.
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That’s all for next week’s action! Keep an eye on these events, and we’ll be back with more updates in the next roundup!
