Crypto is entering the first week of November with bitcoin trading near $78,000 on Monday, as deep institutional participation absorbs market shocks, according to CoinDesk. The calendar is dominated by Tuesday's U.S. midterm elections and Friday's October jobs report, while the Reserve Bank of Australia and the Bank of England are both expected to raise interest rates. Corporate earnings from bitcoin miners and crypto-linked equities run through the week, alongside a batch of protocol governance votes.
Crypto:
• Nov. 3 – U.S. midterm elections. Control of Congress could shape the prospects for pending crypto legislation and oversight of the industry.
• Nov. 4 – Comments due on a FinCEN proposal that would bar covered U.S. financial institutions from transmitting funds involving sub-agents of the Russia-linked A7 Network.
• Nov. 4 – Kenya's one-year grace period ends for crypto firms that were already operating when its Virtual Asset Service Providers Act took effect.
• Nov. 5 – Zcash's NU7 upgrade is expected to activate at block 3,543,405.
Macro:
• Nov. 2, 10 a.m. ET – U.S. ISM Manufacturing PMI for October, estimated 54.6 (previous 54.5).
• Nov. 2, 11:30 p.m. ET – Reserve Bank of Australia interest-rate decision, estimated 4.85% (previous 4.6%).
• Nov. 3, 10 a.m. ET – U.S. JOLTS job openings for September, estimated 7.13 million (previous 7.079 million).
• Nov. 4, 5 a.m. ET – Eurozone October CPI, flash year-on-year estimate (previous 3.8%).
• Nov. 4, 8:30 a.m. ET – U.S. trade balance for September, estimated -$108 billion (previous -$105.6 billion).
• Nov. 4, 10 a.m. ET – U.S. ISM Services PMI for October, estimated 54.8 (previous 54.9).
• Nov. 5, 5 a.m. ET – Eurozone September PPI, month-on-month (previous 1.9%) and year-on-year (previous 8.2%).
• Nov. 5, 7 a.m. ET – Bank of England interest-rate decision, estimated 4% (previous 3.75%).
• Nov. 5, 8:30 a.m. ET – U.S. third-quarter nonfarm productivity, preliminary (previous 1.4%), and unit labor costs (previous 1.2%).
• Nov. 5, 8:30 a.m. ET – U.S. initial jobless claims for the week ending Oct. 31, estimated 195,000 (previous 194,000).
• Nov. 6, 8:30 a.m. ET – U.S. October nonfarm payrolls (previous 29,000) and unemployment rate (previous 4.2%).
• Nov. 6, 10 a.m. ET – University of Michigan consumer sentiment, preliminary November reading (previous 48.0).
Earnings (ET):
• Nov. 2 – Cipher Digital (CIFR), pre-market, before the 9:30 a.m. ET open.
• Nov. 3 – Block (XYZ), post-market, after the 4 p.m. ET close.
• Nov. 4 – Riot Platforms (RIOT), pre-market, before the 9:30 a.m. ET open.
• Nov. 4 – Circle Internet Group (CRCL), pre-market, before the 9:30 a.m. ET open.
• Nov. 4 – Hut 8 (HUT), pre-market, before the 9:30 a.m. ET open.
• Nov. 5 – Core Scientific (CORZ), pre-market, before the 9:30 a.m. ET open.
• Nov. 6 – TeraWulf (WULF), pre-market, before the 9:30 a.m. ET open.
Token Events:
• Nov. 3 – ENS DAO voting closes on approving the Governor Nexus update and triggering its external audit.
• Nov. 3 – Compound voting closes on withdrawing 42,000 USDC and 90 WETH in reserves from its deprecated Unichain markets and bridging them back to Ethereum mainnet (voting runs Oct. 31 to Nov. 3).
• Nov. 4 – Optimism voting closes on replacing Security Council cohort elections with a nomination system, under which nominees are seated automatically unless vetoed by 20% of the OP supply.
• Nov. 5 – Arbitrum DAO voting closes on resuming Stylus smart contract activations by requiring new deployments to pass a limited security audit.