After a disappointing October, the crypto market will be watching for signs that November will prove more encouraging for bitcoin. and other major cryptocurrencies.
The impetus could come from the interest rate decisions of the Bank of England, the Central Bank of Brazil and the Bank of Mexico. Missing from the list is the U.S. nonfarm payrolls report, which is due on the first Friday of the month but likely won’t be released this week due to the U.S. government shutdown. Instead, investors will need to look at ADP’s employment data and ISM PMI indices to check how the world’s largest economy is faring.
Also coming are earnings reports from a number of Bitcoin mining companies and trading platform Robinhood Markets (HOOD).
What to watch
- Cryptocurrency
- November 3, 1:30 p.m. UTC: Horizen (ZEN) hosts a Darkswap AMA on X to discuss key product updates and roadmap progress as Darkswap prepares for its mainnet launch.
- November 4: IoTeX (IOTX) rolls out Core mainnet upgrade v2.3.0, introducing discounting for underperforming delegates and BLS public key registration for scalable signature aggregation to improve network reliability and scalability.
- November 4 at 12:00 UTC: THORChain (RUNE) activates mainnet upgrade v3.12.0, introducing enhanced swaps, improved performance, and Solana client support.
- November 5, 11:30 a.m.: Jupiter (JUP) is hosting an AMA on X Spaces focused on its Prediction Market DeFi product.
- Macro
- November 3, 9 a.m.: October manufacturing PMI from S&P Global Brazil (previous 46.5).
- November 3, 10:30 a.m.: S&P Global Canada Oct. Manufacturing PMI Est. 48.2.
- Nov. 3, 10:45 a.m.: S&P Global US Oct. (final) Manufacturing PMI Est. 52.2.
- November 3, 11 a.m.: October manufacturing PMI from S&P Global Mexico (previous 49.6).
- November 3, 11 a.m.: US ISM, October, Eastern manufacturing PMI. 49.2.
- November 3, 2 p.m.: Federal Reserve Governor Lisa D. Cook will deliver remarks on “The Economic Outlook and Monetary Policy.” Watch live.
- November 4, 6:35 a.m.: Michelle W. Bowman, Federal Reserve vice chair for supervision, will deliver a speech on “Banking Supervision and Monetary Policy.” Watch live.
- November 5, 9 a.m.: S&P Global Brazil October services PMI (previous 46.3).
- November 5, 9:15 a.m.: United States, Oct. ADP Employment Change Est. 25K.
- November 5, 10:30 a.m.: S&P Global Canada October Services PMI (prev. 46.3).
- Nov. 5, 10:45 a.m.: S&P Global US Oct. (final) PMI Services East. 55.2.
- November 5, 11 a.m.: US ISM Oct. Services PMI Est. 51.
- November 5, 5:30 p.m.: decision by the Brazilian central bank on interest rates. EST. 15%.
- November 6, 8 a.m.: Bank of England decision on interest rates. EST. 4%.
- November 6, 3 p.m.: decision by the central bank of Mexico on interest rates. Reference rate (previous 7.5%).
- November 6, 3:30 p.m.: Federal Reserve Governor Christopher J. Waller will deliver a speech on “Central Banks and the Future of Payments.” Watch live
- November 7, 7 a.m.: Federal Reserve Vice Chairman Philip N. Jefferson will deliver a speech on “AI and the Economy.” Watch live.
- November 7, 8 a.m.: Brazil September PPI YoY (previous 0.48%), MoM (previous -0.2%).
- November 7, 8 a.m.: inflation rate in Mexico in October. Title YoY (previous 3.76%), MoM (previous 0.23%). Core YoY (previous 4.28%), MoM (previous 0.33%).
- November 7, 9:30 a.m.: Unemployment rate in Canada in October Eastern. 7.2%.
- Nov. 7, 11 a.m.: Michigan Consumer Sentiment Nov. (Preliminary) Est. 54.
- Earnings (estimates based on FactSet data)
- November 3: Cipher Mining (CIFR), pre-market, -$0.04.
- November 4: Hut 8 (HUT), pre-market, -$0.12.
- November 4: Mara Holdings (MARA), after market, $0.02.
- November 4: Sequans Communications (SQNS), pre-market, N/A.
- November 5: Robinhood Markets (HOOD), post-market, $0.54.
- November 6: Block (XYZ), post-market, $0.64.
- November 6: Iren (IREN), post-market, $0.15.
Token Events
- Votes and calls on governance
- ZKsync DAO votes on six-month ZK37.5 million staking pilot program, offering up to 10% APY for delegation to active voters. Voting closes on November 3.
- Ether.Fi DAO votes to authorize its foundation to use up to $50 million from the Treasury for the redemption of ETHFI tokens, exercisable only when the token price is below $3.00. Voting closes on November 3.
- Balancer DAO is voting on a major proposal to move on-chain operations to a new legal entity (BIP-882), as well as proposals to improve emergency security (BIP-883), activate the BAL token on the Plasma chain (BIP-884), update treasury permissions (BIP-885), and add a new Arbitrum gauge (BIP-886). Vote for all these ends on November 4.
- Decentraland DAO votes on a $10,000 proposal to fund an independent audit of Regenesis Labs by a member of the “Maryana” community, following concerns about the use of funds. Voting closes on November 5.
- CoW DAO votes to authorize its foundation to sell DAO’s 50% stake in MEV Blocker, allowing the core team to focus on core products and directing all proceeds from the sale to treasury. Voting closes on November 5.
- Ssv.network DAO votes to sell SSV for USDC at a lower price ($11-$20) to build reserves. Voting closes on November 5.
- Lido DAO votes to reduce its LEGO grant budget to $250,000 and transfer its TRP contributor to the Lido Labs Foundation, which will reallocate the remaining 6.99 million LDOs under new two-year vesting terms. Voting ends November 7
- Unlocks
- November 10 to unlock 18.44% of its circulating supply worth $40.67 million.
- Token Launches
- November 3: End of Monade MON airdrop claim period.
- November 3: Kite (KITE) will be listed on Binance, Bitrue, MEXC and others.
- November 4: PayAI Network (PAYAI) token migration period begins.
- November 5: start of the Linea Exponent program.
Conferences
