Macroeconomic Outlook for Next Week
Next week, the United States will release several key data points, including PPI, CPI, and "terrifying data," which will continue to bring volatility to the market. Here are the key points the market will focus on in the new week:
Tuesday 00:00, U.S. December New York Fed 1-Year Inflation Expectations;
Tuesday 21:30, U.S. December PPI Data;
Tuesday 23:00, 2025 FOMC voting member and Kansas Fed President George speaks;
Wednesday 04:00, FOMC permanent voting member and New York Fed President Williams delivers opening remarks at an event;
Wednesday 21:00, 2027 FOMC voting member and Richmond Fed President Barkin speaks;
Wednesday 21:30, U.S. December CPI Data, U.S. January New York Fed Manufacturing Index;
Wednesday 23:00, 2026 FOMC voting member and Minneapolis Fed President Kashkari delivers welcome remarks and participates in a fireside chat at a regional economic conference hosted by the Minneapolis Fed;
Thursday 00:00, FOMC permanent voting member and New York Fed President Williams speaks;
Thursday 01:00, 2025 FOMC voting member and Chicago Fed President Goolsbee speaks;
Thursday 03:00, Federal Reserve releases the Beige Book;
Thursday 21:30, U.S. Initial Jobless Claims for the week ending January 11, December Retail Sales Month-on-Month.
As the Federal Reserve shifts to a more cautious stance, the CPI report from November showed some encouraging signs that the price increases in housing and broader service categories (the largest contributors to sticky inflation) have begun to ease. This raises the possibility of a downside surprise in the CPI data set to be released next Wednesday, but any slowdown is more likely to occur in the first few months of 2025 rather than in the December CPI data. Before the CPI data is released, investors will focus on the U.S. December PPI data scheduled for release next Tuesday, while on Thursday, all eyes will be on the retail sales data known as "terrifying data."
Other Key Announcements
After USD0++ Decouples, Usual Protocol Plans to Activate Revenue Switch Function Early on January 13；
HECO Network Will Go Offline on January 15, 2025, and Withdraw Some HRC20 Assets；
Ethena: Derive (DRV) Will Launch on January 15, 2025；
Scott Bessent's Senate Nomination Hearing for U.S. Treasury Secretary Expected on January 16；
Ian McGinley, who Led the Enforcement Action Against Binance, Will Depart on January 17；
From January 13 to January 19, more noteworthy events in the industry are as follows.
January 13
Coinbase Will Not Support Celo Blockchain Migration, Users Must Withdraw CGLD by January 13, 2025
Odaily Planet Daily reports that Coinbase Assets posted on X stating that the Celo L1 blockchain (Coinbase Code: CGLD) will migrate to Celo L2 on January 16, 2025.
Coinbase will not support the migration, and customers must withdraw CGLD from Coinbase by January 13, 2025, to prevent their funds from becoming inaccessible.
After the hard fork is executed, the Celo L1 network will stop generating blocks, and customers will no longer be able to send or receive assets on the Celo L1 network. All remaining funds on Coinbase will become inaccessible.
Odaily Planet Daily reports that RWA stablecoin issuer Usual announced on the X platform that it has recognized the significant community response triggered by its pegged stablecoin USD0++ decoupling from $1, and will implement a series of measures to address user concerns and stabilize the ecosystem.
It is reported that the "Revenue Switch" function is set to launch on January 13, allowing Usual Protocol to share its earnings from real-world assets and protocol operations with the community. The team expects monthly revenue of about $5 million, with an annual return rate exceeding 50% under current conditions, and these distributions will occur weekly to solidify the actual value of USUAL, balance its economic model, and the revenue generated by the protocol. (Note: The revenue switch function will officially activate when more than 50% of USUAL tokens are staked as USUALx. If the requirement is not met, it will automatically activate on February 1, 2025. Once activated: 100% of the revenue (up to $5 million per month) will flow to USUALx stakers in the form of USD0.)
Additionally, the Usual Protocol team stated that it will launch a "1:1 Early Unstaking" feature next week, allowing users to exchange USD0++ at a rate of $1, but requiring them to forfeit part of their accumulated rewards as a penalty.
January 14
Shiba Inu Ecosystem Token TREAT Will Launch on January 14
Odaily Planet Daily reports that according to official news, the Shiba Inu ecosystem token TREAT will launch on January 14. Shiba Inu's main developer Shytoshi Kusama believes this token is a key tool for achieving complete decentralization of the Shiba Inu ecosystem.
It is introduced that the TREAT token is the "utility and governance token" of its new privacy-focused Layer3 blockchain, aimed at unlocking advanced features of the network's operating system. More information about this asset will be announced soon. Kusama's annual plan indicates that he will discuss TREAT in his weekly podcast on Tuesday. Developers are expected to discuss the token's value and how it fits into the larger Shiba Inu ecosystem.
January 15
The U.S. Will Release December CPI Data on January 15 at 21:30
Odaily Planet Daily reports that on January 15 (Wednesday) at 21:30 Beijing time, the U.S. will release December CPI data, which may have a disruptive impact on future rate cut expectations.
SEC vs. Ripple Case Update: SEC's Litigation Brief Must Be Submitted by January 15, 2025
Odaily Planet Daily reports that former U.S. federal prosecutor James K. Filan shared the latest developments in the SEC vs. Ripple case on the X platform, stating that the Second Circuit Court of Appeals has issued an order requiring the SEC's litigation brief to be submitted by January 15, 2025.
HECO Network Will Go Offline on January 15, 2025, and Withdraw Some HRC20 Assets
Odaily Planet Daily reports that according to official news, HECO Network announced it will go offline on January 15, 2025, and will withdraw some HRC20 assets, namely HRC20ETH, HRC20TUSD, HRC20LINK, HRC20USDC, HRC20UNI, HRC20SHIB, HRC20HBTC, and HRC20USDT.
HECO Network reminds users holding these HRC20 assets to visit the HecoDAO official website by January 10, 2025, to transfer their relevant HRC20 assets to the designated address. The transferred assets will be calculated based on the currency price as of November 10, 2024, with every 1 USDT equivalent asset being exchanged for 1 point, and the points obtained will be bound to the wallet address in the user's HECO account.
All point exchanges and accounting are planned to be completed by January 10, 2025, and the confirmed points will be converted to HTX, with 1 point ≤ 200,000 HTX. The obtained HTX will be distributed in 12 installments starting from January 15, 2025. The HTX claiming action will be bound to the TRON network address provided during the point exchange. Specific claiming methods will be notified separately.
Ethena: Derive (DRV) Will Launch on January 15, 2025
Odaily Planet Daily reports that Ethena announced on the X platform that Derive (DRV) will launch on January 15, 2025, with 5% of the supply allocated to sENA stakers.
January 16
Scott Bessent's Senate Nomination Hearing for U.S. Treasury Secretary Expected on January 16
Odaily Planet Daily reports that according to the U.S. political news website Politico, Scott Bessent's Senate nomination hearing for U.S. Treasury Secretary is expected to be held on January 16. Previously, it was reported that Scott Bessent holds a friendly stance towards cryptocurrencies such as Bitcoin. In a prior statement related to cryptocurrencies, Bessent said, "I am very excited about the President's acceptance of cryptocurrencies, which I believe aligns very well with the Republican Party. Cryptocurrencies represent freedom, and the cryptocurrency economy will continue to exist."
Binance Will Delist Multiple Margin Trading Pairs on January 16, 2025
Odaily Planet Daily reports that according to an official announcement, Binance will delist the following margin trading pairs on January 16, 2025, at 06:00 (UTC): Cross-margin trading pairs: LIT/BTC, NULS/BTC, SFP/BTC; Isolated margin trading pairs: BEL/BTC, LIT/BTC, LSK/BTC, NULS/BTC, SFP/BTC.
The announcement states that starting from January 9, 2025, at 06:00 (UTC), Binance will suspend the lending function for the above isolated margin trading pairs. On January 16, 2025, at 06:00 (UTC), Binance will close users' positions and conduct automatic settlement, while canceling all open orders. Users can still trade the above assets in other trading pairs on Binance margin trading. It is recommended that users close their positions or transfer assets from the margin account to the spot account before January 16, 2025, at 06:00 (UTC). (This news item was generated with AI assistance)
Binance Will Support FTM Token Swap and Rebrand to S, New Coin Trading Opens on January 16
Odaily Planet Daily reports that according to an official announcement, Binance will support the swap of Fantom (FTM) tokens and rebrand to Sonic (S). Therefore, Binance will stop trading and delist all existing FTM spot trading pairs (FTM/BTC, FTM/BNB, FTM/ETH, FTM/EUR, FTM/FDUSD, FTM/TRY, FTM/USDC, and FTM/USDT) on January 13, 2025, at 11:00 (UTC+8), and will automatically remove all open orders. Binance will open spot trading for S/BTC, S/BNB, S/ETH, S/EUR, S/FDUSD, S/TRY, S/USDC, and S/USDT on January 16, 2025, at 16:00 (UTC+8).
January 17
Ian McGinley, who Led the Enforcement Action Against Binance, Will Depart on January 17
Odaily Planet Daily reports that Ian McGinley, the enforcement director of the U.S. Commodity Futures Trading Commission (CFTC), announced he will depart on January 17. He joined the agency in February 2023 and led enforcement actions against companies such as Binance, KuCoin, and Falcon Labs.
January 18
Odaily Planet Daily reports that the Philippine Securities and Exchange Commission (SEC) has released a proposed SEC rule draft for crypto asset service providers, accepting public feedback until January 18, 2025. The draft includes provisions regarding the definition of crypto asset service providers, licensing requirements, operational standards, risk management, customer fund protection, and disclosure requirements, stating that crypto asset issuances must submit disclosure documents to the SEC at least 30 days prior to marketing activities or public sales.
January 19
None
免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。
