Next Week's Must-Watch | October CPI Data Release; Hyperliquid's First L2 Network Elysium Goes Live (11.9-11.15)
- Key Takeaways: Next week (November 9-15), the crypto industry ushers in a dense window of events: Polymarket V2 and Hyperliquid's first L2 network Elysium going live, Square's Bitcoin payments covering 4 million merchants, the release of U.S. CPI and PPI data, and speeches from multiple Federal Reserve officials—together forming the market's focal points.
- Key Elements:
- Polymarket Protocol V2's release date has been moved to November 9 to avoid the U.S. midterm election week; Elysium, the first L2 network in the Hyperliquid ecosystem, launches its mainnet the same day with HYPE as its native gas token, and Uniswap confirms support for V4 Hooks.
- U.S. October CPI (November 10, 21:30) and PPI (November 13, 21:30) will be released; combined with strong October employment data and speeches from multiple Federal Reserve officials, these will influence expectations for a December rate hike.
- Square is expected to complete its phased rollout of Bitcoin payments on November 10, covering over 4 million U.S. merchants, supporting Lightning Network payments, and waiving processing fees through the end of 2026.
- Binance will discontinue its mining pool and related services on November 10, 2026; the same day, it will lower the maximum leverage for 23 isolated margin trading pairs including ATOMUSDT to 5x, and plans to restore withdrawals for six assets including HYPE by the end of next weekend.
- Blur's frontend will be deprecated on November 12, Blend will stop matching new loans, and the marketplace protocol will continue to run on-chain; Mercado Bitcoin will resume its platform in phases the same day and compensate users with its own funds.
- OpenAI will stop directly supplying models to Cursor, which was acquired by SpaceX, on November 12; Soneium will launch a sale of 50 Moriusa NFTs the same day, its first tokenized IP.
Key Previews for Next Week
November 9
- Release date adjusted to November 9 as Polymarket Protocol V2 avoids U.S. midterm election week;
- Hyperliquid L2 network Elysium to launch on November 9;
November 10
- U.S. October CPI to be released on November 10 at 21:30;
- Binance Pool and related services to cease on November 10, 2026;
November 12
November 13
Others (Specific Time TBD)
- Binance plans to restore withdrawals for six assets including HYPE before next weekend;
- Arthur Hayes: Flop Labs to announce testnet date next week;
Summary of Federal Reserve Developments
- Monday 23:00, 2027 FOMC voting member and Chicago Fed President Goolsbee speaks;
- Tuesday 1:15, 2027 FOMC voting member and Richmond Fed President Barkin speaks;
- Tuesday 17:00, Fed Governor Waller speaks;
- Tuesday 22:35, 2026 FOMC voting member and Dallas Fed President Logan speaks;
- Wednesday 2:30, 2028 FOMC voting member and Kansas City Fed President Schmid speaks;
- Wednesday 7:30, 2026 FOMC voting member and Philadelphia Fed President Paulson speaks;
- Thursday 22:00, 2026 FOMC voting member and Cleveland Fed President Hammack speaks;
- Friday 0:30, 2027 FOMC voting member and Chicago Fed President Goolsbee speaks;
- Friday 2:10, 2027 FOMC voting member and San Francisco Fed President Daly speaks;
- Friday 7:30, permanent FOMC voting member and New York Fed President Williams speaks;
From November 9 to November 15, more industry events worth watching are previewed in detail below.
November 9
Release date adjusted to November 9 as Polymarket Protocol V2 avoids U.S. midterm election week
Odaily reports: Polymarket Developers posted that, to avoid the week of the U.S. midterm elections, the release date of Protocol V2 has been adjusted from November 2 to November 9. The final schedule and deployment plan, including specific timing and the migration order of each market, will be announced in the coming days; during this period, users do not need to take any action.
Hyperliquid L2 network Elysium to launch on November 9
Odaily reports: Elysium, the first L2 network in the Hyperliquid ecosystem, has announced that it will launch its mainnet on November 9. Elysium is a general-purpose, high-performance L2 network built specifically for Hyperliquid, with HyperEVM (Hyperliquid's smart contract environment) as its settlement layer, deployed in coordination with HyperCore, which handles trading, and with HYPE as its native gas token. The network currently runs Conduit's G2 sequencer, and its underlying architecture complies with SOC II Type 2 security standards. After the mainnet launch, Elysium will transition from the testing phase to an official network open for applications and trading.
Uniswap confirms V4 Hooks support on Elysium, mainnet expected to launch November 9
Odaily reports: Uniswap has confirmed that it will support V4 Hooks on Elysium, the Hyperliquid L2 project, allowing developers to use V4 Hooks to build customizable liquidity pools with dynamic fees and custom trading logic. The Elysium mainnet is expected to officially launch on November 9.
Mercado Bitcoin: to restore platform in phases starting November 9 and compensate with its own funds
Odaily reports: Mercado Bitcoin stated that the platform will restore services in phases starting November 9. In the first phase, website access will be opened, allowing users to view balances, statements, assets, and investment information; transfer, withdrawal, and trading functions will be gradually reopened after each module passes final security verification. The exchange reiterated that customer assets will not suffer losses and that it will compensate the assets involved in this incident with its own funds. Through collaboration with Tether, Circle, Paxos, BRL1, Chainalysis, and crypto community experts, more than $15 million in related assets have now been frozen; the exchange previously said $12.9 million had been frozen.
Coinbase to suspend BAL and TNSR trading on November 9
Odaily reports: Coinbase Markets posted on X that, based on a recent review, Coinbase will suspend trading of Balancer (BAL) and Tensor (TNSR) at around 14:00 ET on November 9, or around 03:00 Beijing time on November 10, covering Coinbase.com, Coinbase Exchange, and Coinbase Prime. Currently, the BAL and TNSR order books have switched to limit-only mode, and user assets can still be withdrawn normally.
November 10
U.S. October CPI to be released on November 10 at 21:30
Odaily reports: U.S. October CPI will be released on Tuesday (November 10 at 21:30). This data, combined with the PPI data due Friday (November 13 at 21:30) and public speeches by multiple Federal Reserve policymakers, will be closely watched by investors to gauge the possibility of another rate hike in December. If more evidence shows inflation remains high, a rate hike on December 9 is highly likely to materialize, especially given the just-released strong October employment data.
Binance Pool and related services to cease on November 10, 2026
Odaily reports: Binance announced that it will cease Binance Pool and related services at 15:00 (UTC+8) on November 10, 2026, including Binance Pool, Pool Savings, cloud mining, trading acceleration, as well as Telegram hash rate alerts, email notifications, and pool API services. At that time, Binance Pool will disconnect mining connections and disable Stratum addresses and mining endpoints, and hashrate and shares submitted thereafter will no longer be accepted or recorded. Binance recommends that users reconfigure their mining machines to other pools before the deadline and check their Pool Savings positions and cancel subscriptions or redeem funds. The Binance Pool page will remain available until 15:00 on November 24 for users to view historical data, after which it will be permanently closed.
Binance to lower maximum leverage for isolated margin pairs such as ATOMUSDT to 5x on November 10
Odaily reports: According to an official announcement, Binance will lower the maximum leverage for isolated margin trading pairs such as ATOMUSDT, AVAXUSDT, BATUSDT, BCHBTC, BCHUSDT, DASHUSDT, DOTUSDT, ETCUSDT, HYPEUSDC, HYPEUSDT, IOSTUSDT, IOTAUSDT, LTCBTC, LTCUSDT, NEOUSDT, NXPCUSDT, ONTUSDT, QTUMUSDT, SUIUSDT, TRXBTC, TRXUSDT, ZECBTC, and ZECUSDT from 10x to 5x at 08:00 (UTC) on November 10, 2026. After the adjustment, the relevant risk parameters will apply automatically, and users should closely monitor their positions and transfer assets or repay loans in advance to reduce liquidation risk.
Odaily reports: Bitcoin News posted on X that Jack Dorsey's Square is expected to complete its phased deployment on November 10, expanding Bitcoin payments to its network of more than 4 million merchants. The deployment began on March 30, and eligible U.S. merchants will have Bitcoin payments automatically enabled without needing to apply. Customers can pay via the Lightning Network, with transactions settling within seconds; merchants receive funds in USD by default but may also choose to keep Bitcoin. Square will waive Bitcoin payment processing fees until December 31, 2026, after which it will charge a flat 1% fee; merchants can also automatically convert up to 50% of daily sales revenue into Bitcoin.
Odaily reports: Bloomberg senior ETF analyst Eric Balchunas announced on X that his new book co-authored with Bloomberg ETF analyst James Seyffart, "Both Sides of the Coin," is now available for pre-order.
According to the publisher Pan Macmillan's page, the book is scheduled for publication on November 10 and targets traditional finance investors as well as crypto-native users, aiming to examine Bitcoin and crypto assets in the ETF era from a relatively balanced perspective. The content covers currency debasement and debt, the comparison of Bitcoin and gold as stores of value, Bitcoin's role in portfolios, the development of spot ETFs, evaluation of mainstream altcoins, and Wall Street tokenization, among other topics.
November 11
MSCI to publish final list of non-operating companies to be removed from indexes
Odaily reports: U.S. financial services company MSCI will implement its proposal to classify non-operating companies as ineligible for inclusion in the MSCI Global Investable Market Indexes. The list of currently affected constituents has been published, and the final list will be released on November 11.
November 12
AI trading hype cools, two SK Hynix leveraged ETFs to liquidate around November 12
Odaily reports: As SK Hynix shares have fallen about 56% from their historic high, market concerns over massive investment in AI infrastructure and high financing costs continue to mount. Two Tradr ETFs linked to SK Hynix will liquidate around November 12, only about three and a half months after listing in the U.S. The two products are a 2x long and an inverse short ETF on SK Hynix American Depositary Receipts (ADRs), launched on July 28 this year. (Bloomberg)
OpenAI and Cursor end nearly four-year partnership, direct model supply to stop from November 12
Odaily reports: OpenAI announced the end of its nearly four-year partnership with Cursor. Going forward, OpenAI's new models will no longer be integrated into Cursor, and direct supply of existing models is scheduled to stop on November 12, 2026. Two weeks earlier, SpaceX completed its $60 billion acquisition of Cursor, and under the contract between the two parties, OpenAI has the right to terminate the partnership after Cursor is acquired.
OpenAI said the decision is related to trust issues with companies under Musk and cited Twitter's violation of its contract with OpenAI after being acquired, as well as xAI's previous unauthorized use of OpenAI models. On this basis, OpenAI believes there is risk in continuing to provide new models to Cursor after its acquisition by SpaceX.
NFT marketplace Blur to deprecate frontend on November 12, Blend to stop matching new loans
Odaily reports: Blur posted on X that the blur.io frontend will be deprecated on November 12, 2026. This deprecation involves only the frontend; the Blur marketplace protocol will continue to run on-chain, and BLUR will still control its fee switch. The NFT lending protocol Blend will stop matching new loans on the same day, and borrowers need to repay before then or allow their loans to default; afterward, Blur will provide frontend tools to help users withdraw assets from Blend. Blur also reminded users to beware of impersonating accounts and fake announcements. BLUR is currently at $0.0194, down 7.75% in 24 hours.
First tokenized IP goes live, Soneium to sell 50 Moriusa NFTs on November 12
Odaily reports: Soneium posted that the Japanese IP Moriusa has now launched on the network, becoming the first tokenized IP on Soneium. On November 12, Soneium Portal will sell 50 Moriusa Soneium Edition NFTs, all from existing series with no new minting; 2 of them are rare editions, purchase results are random, the unit price is 0.25 ETH, and each wallet is limited to 1. The whitelist phase runs from 13:00 to 15:00 UTC, followed by the public sale. Participants need to use a regular EOA wallet, bridge ETH to Soneium, and create a Soneium Portal account.
November 13
U.S. October PPI data will be released on November 13 at 21:30 (see the CPI data section above for details).
November 14
Nothing yet
November 15
Nothing yet
Others (Specific Time TBD)
Binance plans to restore withdrawals for six assets including HYPE before next weekend
Odaily reports: According to an official announcement, Binance is working to restore withdrawals for HYPE, INJ, APT, PLASMA, NEAR, and LTC before next weekend.
Binance also plans to restore withdrawals for all tokens on networks that have reopened by the same time, involving networks such as BSC, ETH, MATIC, ARB, POL, and OP.
