The cryptocurrency market this week will focus on US inflation data and earnings from major crypto-related companies. CoinDesk reported on November 9 that the US October consumer price index is due on November 10. FactSet estimates call for a 0.2% month-on-month increase. September CPI rose 0.6% from a month earlier as gasoline prices surged, bringing the annual rate to 3.7%. The October producer price index is scheduled for release on November 13.
September PPI climbed 6.3% from a year earlier, marking the biggest increase in more than three years. A hotter-than-expected inflation reading could raise pressure for further rate hikes and weigh on risk assets, including cryptocurrencies. Earnings from crypto-related companies will also be in focus this week. After the market closes on November 9, MARA Holdings, BitGo Holdings, HIVE Digital Technologies and Trump Media & Technology Group are due to report results.
On November 10, Bitdeer Technologies and Itau Group will release earnings before the open, while CoreWeave will report after the close. On November 12, Figure Technology Solutions and Gemini Space Station will post results before and after the market, respectively. Several key events in the crypto ecosystem are also on the calendar. On November 9, Kinetiq will launch the mainnet for Elysium, a general-purpose Layer 2 network built on the Hyperliquid ecosystem.
On November 12, the European Banking Authority will formally assume supervisory authority over USDC’s capital, reserve assets, liquidity and redemption plans. Several governance votes are also underway. Aave DAO is holding an off-chain vote through November 9 on a proposal to add native Bitcoin as collateral to Aave V4 through Babylon’s Bitcoin vault. CoW DAO is voting through November 11 on a proposal to approve a $10.45 million development budget for 2027 and increase the budget for its corporate structure by $500,000.
Arbitrum DAO is separately voting through November 12 and November 13 on proposals to allocate 1,800 Ether to its treasury strategy and developer guild, and to adopt USDG while adding a 100 million ARB incentive program. Token unlocks are also scheduled. On November 10, Solayer (LAYER) will unlock $1.45 million worth of tokens, equal to 12.87% of its circulating supply. On November 11, Pump.fun (PUMP) will unlock $27.13 million worth of tokens, or 1.50% of its circulating supply.
