Emre Yumlu 
This week promises to be critical for both global and crypto markets. The U.S. Federal Reserve’s interest rate decision and Chair Powell’s remarks could steer traditional markets, while Ethereum’s anticipated Pectra upgrade and Coinbase’s futures trading move are set to stir excitement in the crypto world. Meanwhile, technical updates from projects like IOTA, Cardano, and Kaspa, as well as a major announcement from ZK and the Sonic Summit event, will also be closely watched by investors.
Traditional market developments such as U.S. monetary policy and unemployment data are converging with key blockchain upgrades and strategic decisions in crypto. Here’s a breakdown of the week’s highlights:
What to Expect in the Crypto Markets This Week
May 5 – Monday
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IOTA will launch its new network upgrade named Rebased.
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Community voting for $CFX will conclude.
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$RUNE is set to initiate its new TCY project.
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$ADA will release its 2025 budget allocation proposal for voting.
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$KAS will activate its Crescendo hard fork.
These technical developments may cause short-term price volatility in the respective tokens.
May 6 – Tuesday
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The U.S. House Financial Services Committee will hold a key session on digital assets regulation.
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The Sonic Summit kicks off, offering a strong visibility opportunity for projects like $S.
Regulatory news and updates from the event could shape market sentiment.
May 7 – Wednesday
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The highly anticipated Ethereum Pectra upgrade is expected to go live.
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18:00 (UTC): Federal Reserve Interest Rate Decision (Expected: 4.5% / Previous: 4.5%)
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18:30 (UTC): Fed Chair Jerome Powell’s press conference.
Ethereum’s network enhancement could improve user experience and transaction efficiency, while Fed decisions may increase market volatility across crypto and traditional assets.
May 8 – Thursday
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$ZK is set to make a major announcement.
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Coinbase will address updates related to the closure of some U.S. trading platforms.
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12:30 (UTC): U.S. Jobless Claims (Expected: 232K / Previous: 241K)
ZK’s announcement could trigger price movement, and labor data may impact USD dynamics, indirectly affecting the crypto space.
May 9 – Friday
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Coinbase will launch $BTC and $ETH futures trading for U.S. users.
This move could attract both institutional and retail investors, potentially increasing trading volumes.
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