The week starting November 2 packs elections, central banks and exchange news into a few days, according to CoinDesk’s weekly calendar.
Binance reopened withdrawals on Sunday, three days after the $6.3 billion hack. Customers pulled a net $3.64 billion on the first day, and Binance says it has replaced about 95% of the stolen funds from its own reserves. Bitcoin traded near $78,000 on Monday. A B2BINPAY executive expects BTC to hold $76,000 to $80,000 this week and possibly move back toward $82,000 by the weekend if withdrawals continue smoothly. That is a forecast, not an outcome.
Crypto-specific dates: the US midterm elections on November 3; a November 4 comment deadline on a FinCEN proposal targeting transmittals involving sub-agents of the Russia-linked A7 Network; the end of Kenya’s one-year grace period for existing VASPs on November 4; and the expected Zcash NU7 activation on November 5 at block 3,543,405.
Macro: ISM Manufacturing is estimated at 54.6, the Reserve Bank of Australia at 4.85% and the Bank of England at 4%. The October nonfarm payrolls report follows a previous reading of 29,000, with unemployment last at 4.2%.
Earnings include Block on November 3 after the close, Riot, Circle and Hut 8 on November 4 and Core Scientific on November 5. Token unlocks include ENA (0.88%, about $17.86 million) on November 5 and HYPE (0.08%, about $16.77 million) on November 6. Hong Kong FinTech Week runs through November 6, Devcon 8 in Mumbai from November 3 to 6 and Bitcoin Amsterdam on November 5 and 6.
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