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Delayed U.S. Jobs Report, Zcash Network Upgrade: Crypto Week Ahead

Your look at what's coming in the week starting Nov. 17.

Updated Nov 18, 2025, 2:50 p.m. Published Nov 17, 2025, 10:32 a.m.
Sign saying "Now Hiring" sits on a lawn.
U.S. jobs data delayed by the government shutdown is due out this week. (Ernie Journeys/Unsplash modified by CoinDesk)

What to know:

You are reading Crypto Week Ahead: a comprehensive list of what's coming up in the world of cryptocurrencies and blockchain in the coming days, as well as the major macroeconomic events that will influence digital asset markets. For an updated daily email reminder of what's expected, click here to sign up for Crypto Daybook Americas. You won't want to start your day without it.

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What to Watch

  • Crypto
  • Macro
    • Nov. 17, 8:30 a.m.: Canada Oct. Inflation Rate. Headline YoY (Prev. 2.4%), MoM (Prev. 0.1%). Core YoY (Prev. 2.8%), MoM (Prev. 0.2%).
    • Nov. 17, 8:30 a.m.: Federal Reserve Bank of New York's Nov. NY Empire State Manufacturing Index Est. 6.1.
    • Nov. 17: 9:30 a.m.: Fed Vice Chair Philip N. Jefferson speech on "Economic Outlook and Monetary Policy."
    • Nov. 17, 3:35 p.m.: Fed Governor Christopher J. Waller speech on "Economic Outlook." Watch live.
    • Nov. 18, 8:15 a.m.: ADP Employment Change Weekly (Prev. -11.25K).
    • Nov. 18: 10:30 a.m.: Fed Governor Michael S. Barr speech on "Bank Supervision." Watch live.
    • Nov. 19, 2 p.m.: FOMC Minutes for meeting held Oct. 28-29.
    • Nov. 20, 8:30 a.m.: Canada Oct. PPI. Headline YoY (Prev. 5.5%), MoM (Prev. 0.8%).
    • Nov. 20, 8:30 a.m.: Nov. Philadelphia Fed Manufacturing Index Est. -2.
    • Nov. 20, 8:30 a.m.: The delayed U.S. Sept. jobs report is expected to be released.
    • Nov. 20, 10 a.m.: U.S. Oct. Existing Home Sales Est. 4.06M.
    • Nov. 20, 11 a.m.: Fed Governor Lisa D. Cook speech on "Financial Stability." Watch live.
    • Nov. 21, 8:45 a.m.: Fed Vice Chair Philip N. Jefferson speech on "Financial Stability." Watch live.
    • Nov. 21, 9:45 a.m.: S&P Global U.S. Nov. PMI. Manufacturing (Prev. 52.5), Services (Prev. 54.8), Composite (Prev. 54.6).
    • Nov. 21, 10 a.m.: University of Michigan's Final Nov. data. Consumer sentiment index Est. 50.3, 5-Year Inflation Expectations Est. 3.6%.
  • Earnings (Estimates based on FactSet data)
    • Nov. 18: KULR Technology (KULR), post-market, N/A.
    • Nov. 18: Solana Company (HSDT), post-market, N/A.
    • Nov. 19, Bullish (BLSH), pre-market, $0.10.
    • Nov. 19: Nvidia (NVDA), post-market, $1.25.
    • Nov. 20: Webull (BULL), post-market, $ 0.02.

Token Events

  • Governance votes & calls
    • Convex Finance is voting to add new sfrxUSD yield strategies, including $10M for USDS/sUSDS, $3M for a USDf Curve pool, and $10M for short-maturity Pendle markets. Voting ends Nov. 16.
    • Extra Finance DAO is voting to set lending emission allocations for Epochs 123-126, with veEXTRA holders using weighted votes to distribute rewards among six eligible, high-TVL pools. Voting ends Nov. 17.
    • Usual DAO is voting on a major reform to cut max supply by 25% and future inflation by 50%, aiming to slash sell pressure by 85% by eliminating key lending and LP rewards. Voting ends Nov. 18.
    • CCMOON DAO is voting on establishing a legal non-profit LLC (CCIP-122) and authorizing officers to approve minor advertising partnerships that support MOON utility (CCIP-123). Voting ends Nov. 18.
    • Arbitrum DAO is voting to reduce L2 gas spikes by replacing its single, fast-reacting gas target with multiple, slower-adjusting ones. Voting ends Nov. 20.
    • ZKsync DAO is voting to upgrade the ZK token to ZKTokenV3, adding public and role-gated burn functions as a foundational step for the ZKnomics vision of linking protocol fees to token burns. Voting ends Nov. 20.
  • Unlocks
    • Nov. 19: to unlock 12.5% of its circulating supply worth $49.44 million.
    • Nov. 20: to unlock 7.29% of its circulating supply worth $37.53 million.
    • Nov. 23: Soon (SOON) to unlock 4.33% of its circulating supply worth $30.42 million.
  • Token Launches

Conferences

UPDATE (Nov. 18, 14:50 UTC): Adds Bullish earnings report.

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Coinbase Sees Crypto Recovery Ahead as Liquidity Improves and Fed Rate Cut Odds Climb

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The crypto exchange also took note of a so-called AI bubble that continues to go strong and a weaker U.S. dollar.

What to know:

  • Coinbase Institutional is seeing a potential December recovery in crypto, citing improving liquidity and a shift in macroeconomic conditions that could favor risk assets like bitcoin.
  • The firm's optimism is driven by rising odds of Federal Reserve rate cuts, with markets pricing in a 93% chance easing next week, and improving liquidity conditions.
  • Several recent institutional developments, including Vanguard's crypto ETF policy reversal and Bank of America's greenlighting of crypto allocations, have contributed to bitcoin's rebound from recent lows.