US government closure, UK ETN, Hedera upgrade: a week ago cryptocurrency

The cryptocurrency market could be distracted by the US government closure next week. With no publicly important data from the world’s largest economy, traders can be difficult to identify the starting point for a position’s overall picture.

The closure will prevent new ETNs from being approved in the US, but UK retail investors across the Atlantic will have access to cryptocurrency ETNs for the first time in four years. The Financial Conduct Authority rescinded the ban in August, claiming that the market has evolved and understanding of such products has deepened.

In the cryptocurrency industry, Hedera is upgrading its mainnet to implement batch transactions, and Jito DAO is voting on whether to double the number of validators on the StakeNet platform for the Solana infrastructure project to “migrate the Jito stake pool to a more productive economic equilibrium.”

What should I see

Crypto
- October 6: Cronos (CRO) will abort CronoScan and use Cronos Explorer.
- October 6th at 4am: The Floki (FLOKI) team hosts a monthly AMA on Telegram.
- October 8: The Financial Conduct Authority (FCA) ban on cryptocurrency ETN products for four years has ended, with UK private investors regaining regulated access to cryptocurrency ETNs.
- October 8th, 1pm: Hedera (HBAR) mainnet has been upgraded to version 0.66.
- October 9th at 12pm: The Cronos (CRO) team is hosting the AMA on X.
Macros
- October 7th, 10:05am: Federal Reserve Vice-Chairperson Michelle W. Bowman gives a welcome speech at the 2025 Community Banking Research Conference in St. Louis, Missouri. Please watch it live.
- October 7th, 10:30am: Talk with Federal Reserve Director Stephen I. Milan at the Managed Fund Association (MFA) Policy Outlook 2025 held in New York. Watch the live show.
- October 8th, 9:30am: Federal Reserve President Michael S. Barr gave a speech at the 2025 Community Banking Research Conference in St. Louis. Watch the live show.
- October 8th, 2pm: minutes of the Fed’s FOMC meeting on September 16-17th.
- October 9th: 8am: Overall inflation rate for Brazil in September, year-on-year (5.13% last time), month-on-month (-0.11%).
- October 9th: 8am: Mexico’s September inflation rate. Headlines year-on-year (3.57% last time) and month-on-month (0.6% last time). Core year-on-year (4.23%) and month-on-month (0.22%).
- October 9th, 8:30am: US unemployment insurance application. The first session (the week ending October 4th) is estimated to be 223,000, and the continuation (the week ending September 27th) is estimated to be 1,930,000 (The current federal agency closure may delay reports.)
- October 9th, 8:30am: Federal Reserve Chairman Jerome H. Powell gives a welcome speech at the Community Bank Conference in Washington, D.C. Please watch it live.
- October 10th: 8am: Brazil’s August PPI year-on-year (1.36% from the previous month), and month-on-month (-0.3% from the previous month).
- October 10th, 8:30am: Canada’s unemployment rate in September (7.1% last time).
- October 10th: 10am: Michigan Consumer Sentiment October (tentative value) (previous value 55.1).
Revenue (estimation based on fact set data)

Token Event

Calling for governance votes
- Compound DAO is voting non-binding “temperature check” on proposals to deprecate Compound V2. Voting will end on October 6th.
- Gnosis DAO votes for GIP-138 to fund NodeSentinel, a validator monitoring tool used by 94 operators for over 60,000 validators. Voting will end on October 7th.
- ZKSync DAO is voting for a proposal to allocate 25 million ZK tokens (approximately $1.25 million) to “Prividium Roadshow” until the end of 2026. Voting ends on October 8th.
- GMX is running a season 3 election for the listing committee, and will elect three members to oversee and approve new asset listings under the GMX protocol. Voting ends on October 8th.
- Jito DAO is voting for a proposal to expand its validator set from 200 to 400 to address negative stake pool dynamics and update StakeNet’s rankings and eligibility criteria.
- The Decentraland DAO has voted to replace the DAO committee with three in five multi-sig ecosystem representatives, with the council moving its execution-only mission while maintaining oversight. Voting will end on October 10th.
- October 9th: CRO$0.2077 Hosts an Ask Me Anything (AMA) session.
Unlock
- October 10th: line$0.02659 It will release 6.57% of its $27.9 million worth of circulation supply.
- October 11th: APT$5.3447 It will release 2.15% of its $57.91 million worth of circulation supply.
- October 12th: ATH$0.05845 It will release 16.08% of its $64.95 million worth of circulation supply.
Token launch
- October 8th: Sky (SKY) is listed on BitFlyer.