Here are the three biggest stories in crypto to look out for this coming week

THE BLOCKPubblicato 2022-11-06Pubblicato ultima volta 2022-11-06

Introduzione

November kicked off with a flurry of crypto earnings last week and another hawkish Fed news conference. Here's whats on the docket for the coming week.

QUICK TAKE

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Solana’s Breakpoint conference in Lisbon.

Crypto earnings continue to roll in with Bakkt and Galaxy digital slated for this week.

U.S. inflation figures for October are set to be released on Thursday.

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November kicked off with a flurry of crypto earnings last week and another hawkish Fed news conference. Here's whats on the docket for the coming week:

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Web Summit kicked off in Lisbon last week with a host of crypto-focused events and speakers; this week, Portugal's capital is the venue for Solana's Breakpoint. Elsewhere, crypto-related earnings continue and U.S. inflation data for October will be released on Thursday.

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Watch for news from Breakpoint

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Solana's Breakpoint conference continues in Lisbon this week. It began on Friday and will run through Monday.

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The event features panels and talks from a host of developers and founders working in the Solana ecosystem. Jump Crypto's Kanav Kariya joins Igor Ddruzhinin of P2P and Wormhole engineer Csongar Kiss on Monday to debate multi-chain vs. cross-chain.

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Crypto Earnings

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Coinbase, MicroStrategy, and Block all shared third-quarter earnings last week, and more crypto-related firms are scheduled for this week.

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On Tuesday Marathon Digital shares its earnings after the close. Galaxy Digital delivers its results pre-market on Wednesday with Roblox also coming in then. On Thursday, Hut 8 and Bakkt will share their third-quarter results.

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Many speculators will be keeping a close eye on crypto miners' earnings. Miners are increasingly coming under pressure, with several firms facing potential solvency issues.

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U.S. inflation data for October drops on Thursday

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CPI figures for October are scheduled for release on Thursday; keep an eye on the data to see if the Fed's rate hikes are beginning to taper prices.

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The Fed has continued its hawkish stance, while allowing that the pace of interest rates may slow. Inflation was hot in September, rising by 0.4% month-on-month and 8.2% year-on-year.

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Americans will have cast their votes in the midterm elections by the time U.S. inflation data drops.

Letture associate

GLM Hits a Trillion, Will DeepSeek Be Far Behind?

Zhipu AI, a Chinese AI company, has reached a market capitalization exceeding HK$1 trillion, with its stock rising over 1900% this year. Its valuation now rivals half of Alibaba's, highlighting intense market speculation around Chinese AI firms. Despite 2025 revenues of only ¥7.24 billion and a net loss of ¥47.18 billion, investors are pricing in massive future growth, driven by its GLM-5.2 model and its positioning as China's potential answer to Anthropic. The surge reflects a broader trend: soaring valuations for AI companies across primary and secondary markets. DeepSeek's latest funding round valued it over $50 billion, while other players like MiniMax and StepFun are also targeting listings. This capital influx is concentrated in hard tech and AI within Hong Kong's IPO market. However, concerns about a bubble are mounting. Zhipu's high valuation, volatile trading, and impending share lock-up expiries pose near-term risks. The core challenge for Zhipu and its peers is transforming advanced model capabilities into sustainable revenue and profit, following the path of Anthropic which is nearing operational profitability. The trillion-HK dollar mark for Zhipu represents a symbolic peak for China's AI industry, but its permanence hinges on demonstrable commercial success.

marsbit59 min fa

GLM Hits a Trillion, Will DeepSeek Be Far Behind?

marsbit59 min fa

BTC Market Pulse: Week 26

Bitcoin's market activity has cooled as it consolidates after a strong recovery. Spot trading volume has decreased, and order flow has shifted to net selling. While price momentum remains constructive, institutional demand has softened, evidenced by continued net outflows from US spot ETFs and lower on-chain transfer volumes. Derivatives markets show a cautious stance. Futures open interest is stable, but declining perpetual buying pressure and a rise in demand for downside protection indicate a more defensive trader posture. Beneath the surface, supply dynamics remain supportive. Supply is increasingly held by long-term holders, profitability is high, and realized gains are increasing. A slight rise in active short-term capital could lead to higher volatility. Overall, Bitcoin is range-bound. Fading momentum and moderated participation are balanced by resilient holder behavior, stable futures positioning, and healthy profitability, creating a foundation that awaits the next major market catalyst.

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Infamous MEV Bot JaredFromSubway Drained For $7.5 Million

The notorious Ethereum MEV bot "JaredFromSubway" has been drained of approximately $7.5 million after attackers tricked its automated system. Security firm Blockaid reported that the bot was deceived into approving malicious trading routes by attacker-controlled contracts. These approvals were then used to siphon WETH, USDC, and USDT from the bot's contract. The incident is ironic as MEV bots are designed to exploit minute market advantages, but in this case, its own automation became the vulnerability. The attack specifically targeted the bot's trading logic, not the Ethereum protocol or a broader DeFi application. It underscores a critical risk in automated trading: the pursuit of speed can create fragility, making systems susceptible to carefully crafted traps. While the financial loss is significant, the broader impact is reputational for MEV infrastructure. It serves as a warning that automated systems granting token approvals require stringent safeguards, simulation, and route verification. The event is considered a targeted exploit on a trading bot, not a network-wide security issue.

bitcoinist8 h fa

Infamous MEV Bot JaredFromSubway Drained For $7.5 Million

bitcoinist8 h fa

Report Interpretation: J.P. Morgan Details Micron's Pre-Earnings Sentiment, Current Hardware Sector Dynamics

Morgan Stanley analyst Joshua Meyers' report (June 21, 2026) highlights key trends in the hardware and semiconductor sector ahead of Micron's earnings. The core takeaways are: 1. **Micron & Memory:** Memory remains a high-conviction long theme, driven by strong AI demand and rising ASPs. However, investor focus is shifting to the sustainability of Micron's >80% gross margins and the specifics of potential new long-term supply agreements (SCAs). 2. **Hardware Supply Chain:** AI-related demand for servers, networking, and storage remains robust, but company performance is diverging. Celestica (CLS) shows improved margin confidence, Western Digital and Seagate benefit from pricing, Fabrinet (FN) sees predictable AI optics growth, and Teradyne (TER) anticipates a new Google customer. 3. **AI Capex & WFE Forecasts:** JPMorgan increased its Wafer Fab Equipment (WFE) market growth forecasts to 28% in 2026 and 29% in 2027. AI infrastructure financing is evolving, with higher project-level debt reducing constraints on capex expansion. The report signals that while the AI-driven hardware cycle is strong, the market is entering a phase focused on execution verification (e.g., Micron's SCA details, Fabrinet's ramp with Amazon) and valuation sustainability. Key near-term signals include Micron's guidance, Arista Networks' outlook, and the pace of demand normalization post potential tariff-related pull-ins.

marsbit9 h fa

Report Interpretation: J.P. Morgan Details Micron's Pre-Earnings Sentiment, Current Hardware Sector Dynamics

marsbit9 h fa

Research Report Analysis: The Fed's New Chair's Debut – New Leader, But Same Script?

Report Analysis: Federal Reserve's New Chair Debut – A New Captain, But the Same Script? Morgan Stanley's chief global economist Seth B. Carpenter analyzes the first FOMC meeting under new Fed Chair Kevin Warsh in a June 21 report. Warsh deliberately avoided providing forward guidance on interest rates, aligning with his philosophy. However, market expectations for a rate hike this year were reinforced. Key signals lie elsewhere: inflation may fall more than expected, and quantitative tightening (QT) could be more aggressive than anticipated. The FOMC's "dot plot" suggests only one rate hike in 2026. Carpenter argues that if inflation undershoots forecasts, the logic for even a single hike weakens, especially as projections indicate potential rate cuts in 2027. On QT, Warsh's stance is clear. Carpenter notes that measures like halving the Treasury's account balance could shrink the Fed's balance sheet by around $500 billion with minimal market impact. Combined with adjustments to reserve interest and liquidity rules, the ultimate QT scale may exceed expectations, though its market effect might be less disruptive unless the Fed actively sells Mortgage-Backed Securities (MBS). While Warsh initiated a review of the Fed's policy framework, the 2% inflation target remains intact for now. The report concludes that the market may be overestimating the significance of reduced forward guidance and the near-term rate hike risk, while potentially underestimating the scope and manageable nature of the coming balance sheet reduction. The key debates will hinge on upcoming core PCE data, the specifics of the QT path, and the framework review's findings.

marsbit9 h fa

Research Report Analysis: The Fed's New Chair's Debut – New Leader, But Same Script?

marsbit9 h fa

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