【Crypto World】This week’s economic calendar is packed, and the market needs to pay close attention to several key points.
Regarding U.S. unemployment data, the initial jobless claims for the week ending January 10 will be released at 21:30 on the evening of January 15. The previous value was 208,000, and market expectations are for an increase to 215,000, which may reflect further softening in the labor market and could impact Federal Reserve policy expectations.
On the crypto asset side, Ethereum’s largest institutional holder, BitMine, will hold a shareholder meeting today to vote on a key proposal—an increase from 500 million shares to 50 billion shares. If approved, and with sufficient funding, BitMine is likely to increase its ETH purchase efforts, which could be a potential positive for Ethereum’s market outlook.
There are also important developments from the Federal Reserve. FOMC permanent voting member and New York Fed President Williams will deliver an opening speech at an event; Minneapolis Fed President Kashkari, a 2026 FOMC voter, and Atlanta Fed President Bostic, a 2027 FOMC voter, will also give speeches; Richmond Fed President Barkin will discuss the economic outlook for Virginia. The concentrated voices of multiple Fed officials will further clarify monetary policy directions, and the market should pay attention.
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just_another_fish
· 4h ago
If this round of BitMine truly passes the vote, it seems ETH might have some movement. But to be honest, I've heard too many news about institutional holdings increasing, and in the end, it still depends on the Federal Reserve's stance... The unemployment benefit data is the key, and if the figure of 215,000 really comes out, it might take a hit.
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FOMOmonster
· 4h ago
If this round of issuance by BitMine really passes, ETH will have to take off... But don't be so absolute; once the data from the Federal Reserve comes out, it might be a different story.
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Fren_Not_Food
· 4h ago
If this move by BitMine really goes through, ETH is going to take off... But on the other hand, the unemployment data isn't looking that good either. The Fed folks are starting to make statements again, which is a bit annoying.
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OPsychology
· 4h ago
BitMine's move is really a signal before a market rally. Once the 50 billion shares are directly all-in ETH, it'll be too late to regret.
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gas_fee_trauma
· 4h ago
BitMine, can't you make this move so complicated? Just buy ETH directly, no need to do any issuance... Anyway, it will either skyrocket or crash later, just take a gamble.
Ethereum institutional holdings are about to increase; Federal Reserve data and officials' speeches attract attention
【Crypto World】This week’s economic calendar is packed, and the market needs to pay close attention to several key points.
Regarding U.S. unemployment data, the initial jobless claims for the week ending January 10 will be released at 21:30 on the evening of January 15. The previous value was 208,000, and market expectations are for an increase to 215,000, which may reflect further softening in the labor market and could impact Federal Reserve policy expectations.
On the crypto asset side, Ethereum’s largest institutional holder, BitMine, will hold a shareholder meeting today to vote on a key proposal—an increase from 500 million shares to 50 billion shares. If approved, and with sufficient funding, BitMine is likely to increase its ETH purchase efforts, which could be a potential positive for Ethereum’s market outlook.
There are also important developments from the Federal Reserve. FOMC permanent voting member and New York Fed President Williams will deliver an opening speech at an event; Minneapolis Fed President Kashkari, a 2026 FOMC voter, and Atlanta Fed President Bostic, a 2027 FOMC voter, will also give speeches; Richmond Fed President Barkin will discuss the economic outlook for Virginia. The concentrated voices of multiple Fed officials will further clarify monetary policy directions, and the market should pay attention.