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After a disappointing October, the crypto market will keep an eye on signals to see if November will prove more uplifting for Bitcoin and other major cryptocurrencies.

Stimulus can be provided by interest rate decisions by the Bank of England, the Central Bank of Brazil and the Bank of Mexico. What is missing from the line-up is the US non-farm payrolls report, which is due on the first Friday of the month but is unlikely to be published this week due to the US government shutdown. Instead, investors will look to ADP employment data and ISM PMIs to get a handle on the world’s largest economy.

Apart from this, earnings reports of many Bitcoin mining companies and trading platform Robinhood Markets (HOOD) are also coming.

what to watch

  • crypto
    • November 3, 1:30pm UTC: Horizon (ZEN) hosts a Darkswap AMA on X to discuss major product updates and roadmap progress as Darkswap prepares for its mainnet launch.
    • November 4: IoTeX (IOTX) deployed the Core v2.3.0 mainnet upgrade, introducing BLS PublicKey registration for slashing and scalable signature aggregation for underperforming proxies to increase network reliability and scalability.
    • November 4, 12am UTC: Thorchain (RUNE) activates mainnet upgrade v3.12.0, introducing advanced swaps, improved performance, and Solana client support.
    • November 5, 11:30am: Jupiter (JUP) hosts an AMA on X Spaces focused on its Prediction Markets DeFi product.
  • macro
    • November 3, 9am: S&P Global Brazil October Manufacturing PMI (previous 46.5).
    • Nov. 3, 10:30am: S&P Global Canada October Manufacturing PMI Est. 48.2.
    • November 3, 10:45am: S&P Global US October (final) Manufacturing PMI estimates. 52.2.
    • November 3, 11am: S&P Global Mexico October Manufacturing PMI (previous 49.6).
    • Nov 3, 11am: US ISM October Manufacturing PMI est. 49.2.
    • November 3, 2 p.m.: Federal Reserve Governor Lisa D. Cook delivers a speech on “The Economic Outlook and Monetary Policy.” Watch live.
    • November 4, 6:35 am: Federal Reserve Supervisory Vice Chair Michelle W. Bowman is delivering a speech on “Bank Supervision and Monetary Policy”. Watch live.
    • November 5, 9am: S&P Global Brazil October Services PMI (previous 46.3).
    • Nov 5, 9:15 am: US October ADP employment change estimates. 25K.
    • Nov 5, 10:30am: S&P Global Canada October Services PMI (previous 46.3).
    • Nov 5, 10:45am: S&P Global US October (Final) Services PMI Estimates. 55.2.
    • November 5, 11am: US ISM October Services PMI Est. 51.
    • November 5, 5:30 pm: Brazil central bank interest rate decision. EST. 15%.
    • November 6, 8 am: Bank of England interest rate decision. EST. 4%
    • November 6, 3 pm: Mexico central bank interest rate decision. Benchmark rate (previous 7.5%).
    • November 6, 3:30 pm: Federal Reserve Governor Christopher J. Waller is speaking on “Central Banking and the Future of Payments.” watch live
    • November 7, 7 a.m.: Federal Reserve Vice Chairman Philip N. Jefferson is giving a speech on “AI and the Economy.” Watch live.
    • November 7, 8am: Brazil September PPI YoY (Prev 0.48%), MoM (Prev -0.2%).
    • November 7, 8 am: Mexico October inflation rate. Headline YoY (Prev 3.76%), MoM (Prev 0.23%). Core YoY (Prev 4.28%), MoM (Prev 0.33%).
    • November 7, 9:30 am: Canada October unemployment rate estimated. 7.2%.
    • November 7, 11am: Michigan Consumer Sentiment November (Preliminary) Estimates. 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.
    • Nov 4: Mara Holdings (MARA), post-market, $0.02.
    • November 4: Sequence Communications (SQNS), pre-market, N/A.
    • Nov. 5: Robinhood Markets (HOOD), post-market, $0.54.
    • November 6: BLOCK (XYZ), post-market, $0.64.
    • November 6: Irene (IREN), post-market, $0.15.

symbolic events

  • governance vote and call
    • ZKsync DAO is voting on a six-month 37.5 million ZK pilot staking program, offering up to 10% APY for staking to active voters. Voting will end on November 3.
    • The Ether.Fi DAO is voting to authorize its foundation to use up to $50 million from the treasury for ETHFI token buy-backs, which can only be exercised if the token price is below $3.00. Voting will end on November 3.
    • The Balancer DAO is voting on a major proposal to transition on-chain operations to a new legal entity (BIP-882), along with proposals to improve emergency security (BIP-883), enable BAL tokens on the Plasma chain (BIP-884), update treasury permissions (BIP-885), and add a new arbitrum gauge (BIP-886). Voting for all these will end on November 4.
    • Following concerns over the use of funds, Decentraland is voting on a $10,000 proposal by DAO community member “Marianna” for an independent audit of Regenesis Labs. Voting will end on November 5.
    • The COW DAO is voting to authorize its foundation to sell 50% of the DAO’s stake in the MEV blocker, allowing the core team to focus on core products and directing all sale proceeds to the treasury. Voting will end on November 5.
    • Ssv.network is voting to sell SSV for USDC at lower price levels ($11-$20) to create DAO reserves. Voting will end on November 5.
    • Lido DAO is voting to reduce its LEGO grants budget by $250,000 and transfer its contributor TRPs to the Lido Labs Foundation, which will reallocate the remaining 6.99 million LDOs under new two-year vesting terms. Voting ends on November 7
  • unlock
    • 10 November To unlock 18.44% of its circulating supply worth $40.67 million.
  • token launch
    • November 3: Airdrop claim period ends.
    • November 3: KITE will be listed on Binance, BitTru, MEXC and others.
    • November 4: PayAI Network (PAYAI) token migration period begins.
    • November 5: Linea Exponent schedule begins.

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Vikas Singh

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