News & Research

This week’s key financial events are as follows: Nov. 4 - 11:35 a.m. UTC: FOMC member Michelle Bowman speaks. Nov. 5 - 1:15 p.m. UTC: U.S. October ADP Non-Farm Employment Change. Nov. 6 - 12:00 p.m. UTC: Bank of England interest rate decision. - 4:00 p.m. UTC: U.S. Federal Reserve Vice Chair Michael Barr and FOMC member John Williams speak. - 8:30 p.m. UTC: Federal Reserve Governor Christopher Waller speaks. Nov. 7 - 8:00 a.m. UTC: FOMC member John Williams speaks.

The following are this week's major token unlocks from Nov. 3 to Nov. 9, according to Tokenomist: Nov. 3 - 7:30 a.m. UTC: MEME unlocks 3.45 billion tokens ($5.32 million), 5.98% of circulating supply. Nov. 5 - 7:00 a.m. UTC: ENA unlocks 172 million tokens ($64.28 million), 2.52% of circulating supply. Nov. 6 - 4:00 p.m. UTC: RED unlocks 5.54 million tokens ($1.82 million), 2.40% of circulating supply. Nov. 9 - 12:00 a.m. UTC: BB unlocks 29.93 million tokens ($3.12 million), 3.85% of circulating supply. - 12:00 p.m. UTC: MOVE unlocks 50 million tokens ($3.45 million), 1.82% of circulating supply.

CME Bitcoin futures opened at $110,370 on Monday, creating a gap of approximately $490 from the previous session's close of $109,880. A CME futures gap represents the space on a chart between Friday's closing price and Monday's opening price. This occurs because the CME markets are closed over the weekend, while the Bitcoin spot market operates continuously. The gap tends to be wider when the spot price experiences significant volatility over the weekend. Consequently, investors are watching to see if the futures price, which is influenced by the spot market, will move to close this gap.

The Crypto Fear & Greed Index rose five points from yesterday to 42, though market sentiment remains in the "Fear" category, according to data from Alternative. The index measures market sentiment on a scale from zero, indicating extreme fear, to 100, representing extreme optimism. It is calculated based on volatility (25%), trading volume (25%), social media mentions (15%), surveys (15%), Bitcoin's market capitalization dominance (10%), and Google search volume (10%).

Kyrgyzstan has established a digital asset bank, Bereket Bank, following a proposal from Binance founder Changpeng Zhao, Wu Blockchain reported. The bank will focus on attracting foreign investment and developing the country's cryptocurrency sector. Previously, Zhao had stated that Kyrgyzstan had issued a national stablecoin based on BNB.

The European Commission (EC) is preparing a draft proposal to grant the European Securities and Markets Authority (ESMA) supervisory power over the cryptocurrency sector, Cointelegraph reported. The draft, expected to be released in December, aims to expand ESMA's jurisdiction to cover stock and crypto exchanges, crypto service providers, and other trading infrastructure. According to the report, the EC hopes to unify the EU's capital markets and boost its competitiveness to the level of the United States by empowering a single supervisory body similar to the U.S. Securities and Exchange Commission (SEC). The current system, with numerous national and regional regulators, results in high costs for cross-border transactions.

U.S. Senator Elizabeth Warren, a prominent crypto critic, has refuted allegations that she defamed Binance founder Changpeng Zhao, according to The Block. The dispute arose after Warren stated in a post on X that Zhao had pleaded guilty to money laundering charges. Zhao's lawyers had previously threatened to file a defamation suit if the senator did not retract the comment. In response, Warren's counsel asserted that the senator was merely presenting publicly reported facts, stressing that Zhao has already pleaded guilty and been sentenced to prison.

Michael Saylor, CEO of Strategy, stated on X that the scariest thing this Halloween is not owning enough Bitcoin.

Aria, a story-based intellectual property (IP) tokenization platform, has announced plans to airdrop 10% of its ARIAIP tokens to IP holders. The airdrop will be distributed progressively to qualified holders following the token's official listing.

Losses from cryptocurrency hacks totaled $18.18 million in October, an 85.7% decrease from the $127 million lost the previous month, according to blockchain security firm PeckShield.