Grayscale’s Dogecoin Trust (GDOG) and XRP Trust (GXRP) ETFs will debut later on Monday, with the underlying tokens on track for their worst months since February, along with the rest of the crypto market. The CoinDesk 20 Index (CD20) has lost 23% since the beginning of November.
ETF flows in the month reflect the performance of the underlying assets. spot bitcoin ETFs in the US have seen net outflows of $3.55 billion since the start of the month. A larger amount could push the figure back above February’s record of $3.56 billion.
Bitcoin miner CleanSpark (CLSK) reports its fiscal fourth-quarter earnings on Tuesday. Rival Riot Platforms (RIOT) reported unexpected profits and record revenue and Iren (IREN) reported record profits and revenue as it moves into artificial intelligence.
What to watch
- Crypto
- November 24: Monad public mainnet will launch with the native MON token.
- November 24: Two new crypto spot ETFs, Grayscale Dogecoin Trust ETF (GDOG) and Grayscale XRP Trust ETF (GXRP), are expected to go live on NYSE Arca.
- November 25: Digital asset treasury company KR1 Plc will begin trading on the main market of the London Stock Exchange under the symbol 0A9X, migrating from the Aquis Stock Exchange.
- November 26: CTC-1, the first satellite constellation running the Spacecoin (SPACE) protocol, will launch from Vandenberg Space Force Base in California.
- Macro
- November 25, 7 am: September retail sales in Mexico YoY (previous 2.4%), MoM (previous 0.6%).
- Nov 25, 8:15am: ADP Weekly Employment Change (previous -2.5K).
- Nov 25, 8:30 am: US September PPI Headline Est. YoY 2.7%, Est. monthly 0.3%. Core year-on-year (previous 2.8%), month-on-month (previous -0.1%).
- Nov 25, 8:30 am: US September YoY Retail Sales (previous 5%), est. monthly 0.4%.
- Nov 26, 8:30 am: US September Durable Goods Orders Monthly Est. 0.3%.
- Nov. 26, 8:30 a.m.: U.S. Initial Jobless Claims for the week ending Nov. 22 (previously 220,000), Continuing Jobless Claims for the week ending Nov. 15 (previously 1974,000).
- November 28, 7 am: October unemployment rate in Brazil (previously 5.6%).
- November 28, 7 am: October unemployment rate in Mexico (previously 3%).
- November 28, 8:30 am: Canada’s third quarter GDP growth rate. Annualized (Previous -1.6%), QoQ (Previous -0.4%).
- Earnings (estimates based on FactSet data)
- Nov 25: Cleanspark (CLSK), post-market.
symbolic events
- Governance votes and calls
- Moonwell DAO is voting to remedy ~$5.25 million in bad debts in its Base deployment by utilizing excess reserves (specifically USDC and cbBTC) and redirecting all future protocol revenues toward repayment, prioritizing the cbXRP and VIRTUAL markets. Voting ends on November 24.
- ZKsync DAO is voting to expedite token program proposals (TPP) by reducing the voting delay from seven days to three days and extending quorum late voting from seven days to two days. Voting ends on November 24.
- Aave DAO is voting on its November funding update, which seeks to consolidate treasury assets on Ethereum and acquire 8 million GHO from the market to fund operations, service providers, and security audits. Voting ends on November 24.
- CoW DAO is voting to increase incentives for partners by awarding a portion of the price improvement, raising the revenue cap to 5%, and increasing the split of partner fees to 75%. Voting ends on November 26.
- Arbitrum DAO is voting to reconfirm John Kennedy and Tim Chang to the 2026 AGV Council to preserve institutional knowledge. Voting ends on November 27.
- Lightchain.AI is voting on a proposal to potentially delay the launch of its mainnet by up to six months following the sudden departure of a key developer who reportedly left the consensus layer incomplete. Voting ends on November 27.
- The Graph Council is voting to implement a Reward Eligibility Oracle (REO) that restricts reward indexing to indexers that meet minimum uptime and quality of service standards to better align incentives with network performance. Voting ends on November 30.
- Unlock
- November 24: Plasma to unlock 4.74% of its circulating supply worth $17.81 million.
- November 28: to unlock 1.69% of its circulating supply worth $12.39 million.
- November 29: to unlock 2.68% of its circulating supply worth $318.92 million.
- November 30: to unlock 5.65% of its circulating supply worth $10.59 million.
- Token releases
Conferences
