Week 38: September 15 to September 21, 2024 Crypto events
The upcoming week is set to be eventful with major developments in both the crypto and financial sectors.
Donald Trump has announced he will host a Space on X (formerly Twitter) to launch his new DeFi project, World Liberty Financial, on Monday, September 16. In his tweet, Trump’s shift towards cryptocurrency, moving away from “slow and outdated big banks,” a significant change from his previous doubts about digital currencies. This follows the recent launch of another Trump-related DeFi project, ‘The DeFiant Ones,’ on Truth Social.
World Liberty Financial `will offer a range of DeFi services, including high-yield crypto investments, digital wallets, and borrowing and lending tools. Built on Ethereum and Aave, the project will introduce a new governance token and may include “digital real estate,” as mentioned by Eric Trump. The platform aims to provide an alternative to traditional banking and will be officially launched with a live event on X at 8 p.m. on September 16.
On September 18, 2024, the U.S. Federal Reserve will announce its latest interest rate decision following a two-day Federal Open Market Committee (FOMC) meeting led by Chairperson Jerome Powell, who has hinted at a possible rate cut due to inflation nearing the Fed’s 2% target. Recent data shows U.S. inflation has cooled for the fifth consecutive month and rose less than expected in August 2024. This has led to increased market expectations for a 25 basis points (bps) cut, while the chance of a 50 bps cut stands.
TOKEN2049 Singapore, to be held on September 28th and 29th, was a key event for the crypto and blockchain industry. The conference featured about 150 sessions, including keynotes, fireside chats, and panel discussions. Topics covered included the impact of NFTs (Non-Fungible Tokens) on digital art and collectibles, the role of blockchain in the Metaverse, and how DeFi (Decentralized Finance) is transforming traditional financial systems. The event also explored global economic trends and their effects on the crypto market,and the influence of DAOs (Decentralized Autonomous Organizations) on governance and decision-making.
Solana Breakpoint Singapore 2024 is a major blockchain event scheduled for Sept 20,21 in Singapore, focusing on the Solana ecosystem. It will feature a range of technical sessions, including detailed keynotes from industry leaders and workshops on Solana’s high-performance blockchain technology. The conference will cover advanced topics such as Solana’s unique Proof of History (PoH) consensus mechanism, its scalability solutions, and recent upgrades to its network. Attendees can expect to learn about new developments in Solana’s ecosystem, including upcoming features, integrations, and partnerships. Eventually, the event will offer networking opportunities with Solana developers, validators, and investors, providing insights into the latest advancements and applications of the Solana blockchain
These upcoming events will play an important role in shaping the future of crypto and finance, from Trump’s bold shift toward decentralized finance with World Liberty Financial, to the U.S. Federal Reserve’s potential rate cut, which could impact global markets. Additionally, TOKEN2049 and Solana Breakpoint will highlight groundbreaking innovations and trends in blockchain, DeFi, and NFTs, setting the stage for digital transformation.
