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1. What is on the crypto calendar this week?
The crypto week ahead beginning November 2 is dominated by two US events: the midterm elections on Tuesday, November 3, and the October jobs report on Friday, November 6. Alongside them, the Reserve Bank of Australia and the Bank of England are both expected to raise interest rates, a group of listed crypto and mining companies will report quarterly results, and the Zcash network is due to activate a protocol upgrade on Thursday, November 5. Bitcoin (BTC) was trading near $78,000 on Monday.
The calendar arrives while the industry is still absorbing the aftermath of a $6.3 billion theft from Binance. The exchange reopened withdrawals on Sunday, November 1, three days after the breach, and said it had replaced about 95% of the stolen funds from its own reserves. How that recovery proceeds will sit in the background of every other event on the schedule.
2. How is Binance recovering after the hack?
Binance recorded net outflows of $3.64 billion on the first day after it resumed withdrawals, according to figures the exchange provided. A large outflow after a security failure is a standard reaction, as customers move assets to self-custody or to rival platforms, and it is one of the first measures observers use to judge whether trust in an exchange is holding.
The exchange has said that about 95% of the stolen funds have been replaced from its own reserves. That step matters because it determines whether customers who leave assets on the platform can expect to be made whole. If withdrawals continue to run smoothly in the coming days, the pace of outflows should slow, and the exchange can begin to put the incident behind it.
A related development to follow is whether other exchanges see sustained inflows as customers redistribute their balances. The figures for the first day are only a snapshot, and the full effect of the breach on market share will take longer to appear.
3. Where could the bitcoin price go next?
Bitcoin has held up better than many expected after the hack. Alex Ryzhkin, chief commercial officer at B2BINPAY, said exchange breaches usually weigh on the market, but that the current sell-off has been moderate because deep institutional participation has absorbed the shock.
Ryzhkin's outlook is conditional. If withdrawals from Binance keep running without disruption, he expects bitcoin to stabilize in a range between $76,000 and $80,000 over the coming week, with a possible move back toward $82,000 by the weekend. The forecast is one analyst's view and not a certainty, and it depends on the exchange avoiding further problems.
The price will also react to the macroeconomic releases and political events that fill the calendar. Risk assets, including crypto, tend to respond to changes in interest-rate expectations and in the labor market, so the jobs report and the central bank decisions carry weight even though they have no direct link to blockchain technology.
4. Why do the US midterm elections matter for crypto?
Voters go to the polls on Tuesday, November 3, and the outcome will determine control of Congress. That outcome could shape the prospects of pending crypto legislation and the oversight of the industry, since committees and leadership positions decide which bills advance. For an industry waiting on clearer rules for market structure, stablecoins and taxation, the balance of power in the House and the Senate is a central variable.
Two other regulatory dates also fall this week. On November 4, a comment period closes on a proposal from the US Treasury's Financial Crimes Enforcement Network that would bar covered US financial institutions from transmitting funds tied to sub-agents of the A7 Network, which has links to Russia. On the same day, a one-year grace period ends in Kenya for crypto firms that were already operating when the country's Virtual Asset Service Providers Act took effect, so those firms must now meet the law's requirements.
5. Which economic data and central bank decisions are due?
The macroeconomic schedule is crowded. On Monday, the US ISM manufacturing index for October is due at 10 a.m. Eastern time, with an estimate of 54.6 against a previous reading of 54.5. The Reserve Bank of Australia announces its decision at 11:30 p.m. Eastern time on Monday, with the market expecting a rate of 4.85%, up from 4.6%.
On Tuesday, the US JOLTS report on job openings for September is expected at 10 a.m., with an estimate of 7.13 million against 7.079 million before. On Wednesday, November 4, eurozone flash consumer price inflation for October arrives at 5 a.m., following a previous reading of 3.8% year over year. The US trade balance for September follows at 8:30 a.m., with an estimate of a $108 billion deficit compared with $105.6 billion previously, and the ISM services index for October is due at 10 a.m., with an estimate of 54.8 against 54.9.
Thursday, November 5, begins with eurozone producer prices for September at 5 a.m., where the previous readings were 1.9% month over month and 8.2% year over year. The Bank of England then announces its rate decision at 7 a.m., with a forecast of 4%, up from 3.75%. At 8:30 a.m. come US preliminary third-quarter productivity, previously 1.4%, and unit labor costs, previously 1.2%, along with weekly jobless claims, estimated at 195,000 against 194,000.
Friday, November 6, is the main event for traders. The US nonfarm payrolls report for October is due at 8:30 a.m., with the previous payrolls figure at 29,000 and the unemployment rate at 4.2%. The University of Michigan's preliminary November consumer sentiment reading follows at 10 a.m., with the previous figure at 48.0.
6. Which crypto companies report earnings?
A cluster of listed companies with exposure to digital assets will publish quarterly results. Cipher Digital reports before the market opens on Monday with an expected loss of $0.19 per share, and Block reports after the close on Tuesday with an expected profit of $0.96.
On Wednesday, three companies report before the open: Riot Platforms, with an expected loss of $0.29, Circle Internet Group, with an expected profit of $0.38, and Hut 8, with an expected loss of $1.20. Core Scientific follows on Thursday with an expected loss of $0.01, and TeraWulf closes the run on Friday with an expected loss of $0.32.
The mining firms are watched for what they say about hash rate, power costs and their moves toward other computing work, while Circle's report offers a view of the stablecoin business. Results from these companies often move the shares of peers and sometimes spill over into token prices.
7. What is the Zcash NU7 upgrade and which token events are scheduled?
Zcash's NU7 network upgrade is expected to activate on November 5 at block 3,543,405. Network upgrades change the rules that nodes follow, so participants who run software for the network need to have updated beforehand. Zcash is a privacy-focused cryptocurrency, and each such upgrade is a milestone for its developers.
Several decentralized governance votes close this week. Cratos DAO is voting through November 2 on whether to extend its token reward standard deadline to November 30, 2026, and Stake DAO is voting on retiring 16 legacy products, disabling new deposits and setting a six-month claim deadline for legacy Pendle airdrop rewards, with withdrawals remaining open indefinitely. The ENS DAO vote on a Governor Nexus update and an external audit ends November 3, and Compound's vote, running from October 31 to November 3, concerns withdrawing 42,000 USDC and 90 WETH from deprecated Unichain markets and bridging them to Ethereum mainnet.
Optimism holders are voting through November 4 on replacing Security Council cohort elections with a nomination system, in which the Security Council Lead would nominate members who are seated automatically unless holders of 20% of the OP supply veto them. Arbitrum DAO's vote, which ends November 5, would resume Stylus smart contract activations by requiring new deployments to pass a limited security audit.
Two token unlocks are on the schedule. Ethena (ENA) releases 0.88% of its circulating supply on November 5, worth $17.86 million, and Hyperliquid (HYPE) unlocks 0.08% on November 6, worth $16.77 million. No new token launches are scheduled.
8. How should traders read the week as a whole?
Taken together, the schedule combines political uncertainty, monetary policy and company results, all arriving while the market is still reacting to a major security incident. Elections can change the regulatory outlook for an entire industry, rate decisions influence the appetite for risk, and the jobs report on Friday is likely to be the last major data point before the weekend, when many traders reassess their positions.
The expected rate increases in Australia and Britain are also relevant to crypto. Higher borrowing costs can reduce the willingness of investors to hold volatile assets, while an unexpected pause or a softer labor market could have the opposite effect. Because estimates are only forecasts, the surprise relative to expectations often matters more than the headline figure itself.
For readers following Binance, the most useful indicators are the daily withdrawal and inflow figures in the days ahead. If outflows slow and bitcoin holds the range cited by analysts, the exchange's reopening will look like a stabilizing step. A fresh disruption to withdrawals would reopen questions that the first day of the recovery began to settle.
9. Which conferences are happening?
Hong Kong FinTech Week, held with StartmeupHK, runs from November 2 to 6 in Hong Kong. Devcon 8 takes place in Mumbai from November 3 to 6, and ETHGlobal Mumbai follows there from November 5 to 7. Bitcoin Amsterdam is held in Amsterdam on November 5 and 6. Announcements made at developer and industry events can add to the week's news flow, particularly for protocol roadmaps and partnerships.