Binance Heist Aftermath: Traders Eye US Jobs and Inflation Data

The crypto market is still digesting last week’s massive theft from Binance hot wallets, estimated at 6.3 billion dollars. Bitcoin and altcoins swung sharply as the exchange pledged to cover losses from its own reserves and began restoring withdrawals.

Next week investors will focus on fresh macro data. Friday brings inflation readings from Turkey and the eurozone, alongside the US midterm elections and the latest nonfarm payrolls report.

Crypto-specific events include Zcash’s NU7 network upgrade, Ethereum’s Devcon 8 conference, trading of the VELODROME token on Binance, and several altcoin unlocks.

Based on information from cryptonews.net