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

BY Coindesk | ECONOMIC | 11/17/25 05:32 AM EST By Siamak Masnavi

What to Watch

  • Crypto (CRCW)
    • Nov. 17: Zilliqa (ZIL) 0.19.0 mainnet upgrade.
    • Nov. 18, 7 a.m.: Astar Network (ASTR) Community Call ("Road to Evolution Phase 2") Livestream on YouTube (GOOG).
    • Nov. 18: FLock (FLOCK) 2025 earnings call Livestream on X.
    • Nov. 19: Firo (FIRO) hard fork network upgrade (v0.14.15.0).
    • Nov. 19, 11 a.m.: Avalanche (AVAX) Granite mainnet upgrade.
    • Nov. 23: Zcash (ZEC) network upgrade 6.1 will go live on the mainnet.
  • 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: 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: YZY (YZY) to unlock 12.5% of its circulating supply worth $49.44 million.
    • Nov. 20: LayerZero (ZRO) 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
    • Nov. 18: PayAI Network token migration deadline.
    • Nov. 22: SoSoValue?s SSI Token staking Epoch 3 ends.
    • Nov. 30: Centrifuge?s token migration window closes.

Conferences

  • Nov. 17-18: Banking Transformation Summit (Charlotte, North Carolina)
  • Nov. 18: AFC Policy Summit 2025 (Washington)
  • Nov. 18: Euro Stablecoin Forum (Frankfurt)
  • Nov. 18: Lugano Finance Forum (Switzerland)
  • Nov. 18-19: Digital Assets: Compliance, Enforcement & Regulatory Oversight (New York)
  • Nov. 19-20: MoneyLIVE Payments Europe (Amsterdam)
  • Nov. 19-20: Fintech NerdCon 2025 (Miami)
  • Nov. 20: RegTech Summit New York 2025 (New York)
  • Nov. 21-23: BITFEST 2025 (Manchester)
  • Nov. 22-23: Australian Crypto Convention 2025 (Sydney)

In general the bond market is volatile, and fixed income securities carry interest rate risk. (As interest rates rise, bond prices usually fall, and vice versa. This effect is usually more pronounced for longer-term securities.) Fixed income securities also carry inflation risk and credit and default risks for both issuers and counterparties. Unlike individual bonds, most bond funds do not have a maturity date, so avoiding losses caused by price volatility by holding them until maturity is not possible.

Lower-quality debt securities generally offer higher yields, but also involve greater risk of default or price changes due to potential changes in the credit quality of the issuer. Any fixed income security sold or redeemed prior to maturity may be subject to loss.

Before investing, consider the funds' investment objectives, risks, charges, and expenses. Contact Fidelity for a prospectus or, if available, a summary prospectus containing this information. Read it carefully.

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