Weekly Preview | KITE token will be open for claiming and listed on Binance; Hong Kong FinTech Week begins

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Important News Preview:

  • KITE token will be available for claiming on November 3 and will be listed on exchanges such as Binance;
  • Hong Kong FinTech Week 2025 will kick off in Hong Kong on November 3;
  • The SBF case will begin a week of hearings on November 3;
  • Ethena (ENA) will unlock approximately 172 million tokens at 3 PM Beijing time on November 5, representing 2.52% of the current circulation, valued at about $67.1 million;
  • The U.S. SEC will make a decision on Grayscale's DOT spot ETF, with the decision date set for November 8;
  • The AI trading competition Alpha Arena hosted by nof1.ai will conclude on November 4;
  • The U.S. will release the final value of the October S&P Global Manufacturing PMI, October ADP employment numbers, and initial jobless claims for the week ending November 1;
  • The U.S. government shutdown may see a turnaround early next week.

November 3

Macroeconomics:

On November 3 at 22:45, the U.S. will release the final value of the October S&P Global Manufacturing PMI;

CEX:

Binance Launchpool will launch Kite (KITE), with KITE spot trading starting on November 3

Binance announced that the 71st Launchpool project, Kite (KITE), is officially launching. KITE is an AI payment blockchain project with a total supply of 10 billion tokens. Users can participate in a 2-day airdrop event by staking BNB, FDUSD, and USDC, starting at 08:00 Beijing time on November 1, 2025.

Binance will list KITE on November 3, 2025, at 21:00, and will open trading pairs KITE/USDT, KITE/USDC, KITE/BNB, and KITE/TRY. The initial circulating supply will be 1.8 billion tokens, accounting for 18% of the total supply. Additionally, an extra 50 million KITE will be used for marketing activities, with details to be announced 6 months after the spot launch.

KITE Foundation has launched KITE token airdrop query, available for claiming on November 3. Previous news indicated that Kite has completed the testnet and NFT snapshot, with 48% of KITE tokens allocated to the community and ecosystem.

Binance Alpha will launch THORWallet (TITN) on November 3

Binance Alpha will launch THORWallet (TITN) on November 3. Eligible users can go to the Alpha event page to claim the airdrop using Binance Alpha points after trading opens. More details will be announced soon.

Bybit will launch automatic adjustment of perpetual contract funding rates, planned for full rollout on November 3

Bybit will launch the automatic adjustment feature for perpetual contract funding rate settlement frequency on October 30, with a full rollout planned for November 3. This new feature aims to better reflect real-time market dynamics, allowing traders to respond more flexibly to market fluctuations without manually adjusting strategies. When the funding rate for perpetual contracts reaches preset upper or lower limits at settlement, the system will automatically adjust the settlement frequency from every 4 or 8 hours to once per hour; depending on specific market conditions, the settlement frequency may automatically revert to every 2, 4, or 8 hours. This feature applies to most perpetual contracts but excludes certain BTC and ETH-related contracts.

FTX creditors release update on SBF case: hearings are set to begin on November 3 for one week

FTX creditor Sunil posted an update on the SBF case on X platform, stating that the case will begin a week of hearings on November 3, 2025.

Upbit will delist UXLINK (UXLINK) trading pairs on November 3

Upbit will cease trading support for UXLINK (UXLINK) at 15:00 on November 3, 2025. Affected trading pairs include UXLINK/KRW, UXLINK/BTC, and UXLINK/USDT. Users should note that after trading support ends, previously requested orders will be canceled, and services such as airdrops, wallet upgrades, and hard forks for this digital asset will no longer be supported. Users must complete withdrawal operations by December 3, 2025.

Project Updates:

Aster DEX will update its VIP program on November 3, adding ASTER holding requirements

Aster DEX announced that it will update its VIP program at 08:00 on November 3, introducing ASTER token holding requirements. Under the new rules, users must meet both 14-day trading volume (spot or perpetual contracts) and ASTER holding amount (combined from spot and perpetual wallets) to achieve the corresponding VIP level. The platform will evaluate users' VIP levels and rates daily at the end of each UTC day.

Monad: MON token airdrop will end on November 3

The Monad Foundation announced the launch of the MON token airdrop plan, distributing tokens to approximately 230,000 members of the crypto community and 5,500 core Monad members. The airdrop claim portal is the official page [claim.monad.xyz], which will be open until November 3, 2025. Users can verify their identity through EVM or Solana wallets.

The airdrop is divided into five categories: Monad community members, on-chain active users, broader crypto community, crypto contributors and educators, and Monad ecosystem builders. The foundation stated that the airdrop focuses on "real contributors," using Trust AI's anti-Sybil identification mechanism to filter out false addresses and manually screening through Monad Cards and community identification systems.

Governance Voting:

dYdX community proposes a trial to use 100% of protocol fees for DYDX buybacks, with the proposal planned for submission on November 3

The dYdX community proposed a three-month trial proposal to use 100% of the net trading fees from the dYdX chain for DYDX buybacks from November 1, 2025, to January 31, 2026, to enhance token value. During this period, rewards for validators and stakers will be paid from the community treasury to maintain network security while avoiding fee dilution.

This proposal aims to test higher price-to-earnings ratios and market efficiency, with the original allocation ratio automatically restored after the trial ends. It is expected that approximately $5 million to $10 million worth of DYDX tokens can be repurchased within three months, with the proposal planned for submission on November 3.

Conference Events:

Hong Kong FinTech Week 2025 will kick off in Hong Kong on November 3

As one of the world's most influential fintech events, Hong Kong FinTech Week 2025 will kick off in Hong Kong on November 3. HashKey Group will once again participate as a gold sponsor and will exclusively host the RWA: Onboard Summit on November 4.

Token Unlocking:

Memecoin (MEME) will unlock approximately 3.45 billion tokens at 3:30 PM Beijing time on November 3, representing 5.98% of the current circulation, valued at about $5.4 million.

November 4

Policy Regulation:

Canada accelerates stablecoin regulation, new rules may be announced in the federal budget on November 4

Canada is consulting on stablecoin regulatory rules and may announce a significant update in the federal budget to be released next week. Sources indicate that government officials have been in deep discussions with regulators and industry participants for weeks. It is reported that Canadian Finance Minister Chrystia Freeland will address this topic in the budget documents to be released on November 4. In July, the U.S. passed the Genius Act, authorizing financial regulators to oversee stablecoin issuers and their reserve management practices, requiring issuers to comply with anti-money laundering and sanctions evasion regulations. This new law has been welcomed by many in the crypto industry. However, in Canada, due to the lack of relevant legislation, regulators have indicated that stablecoins may constitute securities or derivatives. Some experts believe they should be regulated as payment tools with strict oversight.

CEX:

Binance Alpha will launch Dino Tycoon (TYCOON) on November 4

Binance Alpha will launch Dino Tycoon (TYCOON) on November 4. Eligible users can go to the Alpha event page to claim the airdrop using Binance Alpha points after trading opens. Specific details will be announced later.

Project Updates:

The AI trading competition Alpha Arena hosted by nof1.ai will conclude on November 4

The AI trading competition Alpha Arena, hosted by nof1.ai, will continue until 5:00 PM ET on November 3, 2025 (6:00 AM Beijing time on November 4, 2025). The preparation for the second season is nearing completion, utilizing the findings from the first season and ongoing analysis to develop the next phase of content. In the second season, more features are planned, along with the release of improved prompts and toolkits, and the introduction of more rigorous statistical methods.

The event was launched on October 17. This experiment is conducted on the Perp DEX Hyperliquid, placing six mainstream large language models (LLMs) in a real competitive trading environment for the first time. Each model is allocated $10,000 to trade Perp autonomously.

Governance Voting:

The Jupiter community has released a proposal on whether to burn the JUP tokens of Litterbox Trust, with voting ending on November 4

The Jupiter community has released a proposal on "whether to burn the JUP tokens of Litterbox Trust," with voting set to end on November 4. The proposal includes whether to burn the current accumulated 120 million JUP tokens of the Jupiter Litterbox Trust.

November 5

Macroeconomics:

On November 5 at 21:15, the U.S. will release the October ADP employment numbers;

CEX:

Binance will support the THORChain (RUNE) network upgrade on November 5

Binance announced that it will suspend token deposits and withdrawals for THORChain (RUNE) network at 0:00 on November 5, 2025, to support its network upgrade. The project team plans to upgrade at block height 23,540,000, expected to occur at 1:00 on November 5, 2025.

Token Unlocking:

Ethena (ENA) will unlock approximately 172 million tokens at 3 PM Beijing time on November 5, representing 2.52% of the current circulation, valued at about $67.1 million.

November 6

Macroeconomics:

On November 6 at 21:30, the U.S. will release initial jobless claims for the week ending November 1;

Policy Regulation:

The Wyoming Stable Token Committee in the U.S. has released a draft of token management rules for public consultation, ending on November 6

The Wyoming Stable Token Committee in the U.S. has released token management rules and initiated a 45-day public comment period. Once formally issued, these rules will govern the technical management processes for Wyoming Stable Tokens. The relevant draft is available for public review until November 6, 2025.

CEX:

Binance will automatically liquidate the AI16ZUSDT perpetual contract and remove the trading pair on November 6

Binance Alpha and Binance Contracts will support the replacement, increment, and brand upgrade of the AI16Z (ai16z) token to ELIZAOS (elizaOS). According to the announcement, Binance Alpha 2.0 will suspend AI16Z trading and deposits at 18:00 (Beijing time) on November 6, 2025, and complete the replacement at a ratio of 1 AI16Z = 6 ELIZAOS. After the upgrade is completed, ELIZAOS trading and deposits will open at 10:00 (Beijing time) on November 7, 2025.

Additionally, Binance Contracts will automatically liquidate the AI16ZUSDT perpetual contract at 17:00 (Beijing time) on November 6, 2025, and the trading pair will be removed after liquidation, with the relaunch time to be announced later.

Project Updates:

Block Inc. will release Q3 financial results after the market closes on November 6

Block Inc., the payment platform co-founded by Twitter's Jack Dorsey, will release its Q3 financial results for 2025 after the market closes on November 6, 2025. Block will also hold a conference call and earnings webcast at 2:00 PM Pacific Time / 5:00 PM Eastern Time on the same day to discuss these results.

Tesla (TSLA.O) is scheduled to hold its annual shareholder meeting on November 6, 2025

According to SEC filings, Tesla (TSLA.O) is scheduled to hold its annual shareholder meeting on November 6, 2025. It is reported that Tesla's board chair, Robyn Denholm, urged shareholders in a letter on Monday to vote in support of CEO Elon Musk's nearly 1 trillion dollar compensation plan before the annual meeting. "Shareholder voting will end at 11:59 PM on November 5."

Token Unlocking:

Heroes of Mavia (MAVIA) will unlock approximately 11.89 million tokens at 8 AM Beijing time on November 6, representing 16.92% of the current circulation, valued at about $1.2 million.

November 7

Macroeconomics:

FOMC permanent voting member and New York Fed President John Williams will speak at the ECB monetary market meeting at 4 PM on November 7.

Policy Regulation:

The Hong Kong Securities and Futures Commission has launched a tender for a virtual asset trading monitoring system, with a deadline of November 7

The Hong Kong Securities and Futures Commission has launched a tender for a virtual asset trading monitoring system aimed at continuously upgrading regulatory capabilities. The deadline for submissions is November 7, 2025, with the winning institution expected to be determined in the first half of 2026 to enhance detection of anomalies in virtual asset trading.

Token Unlocking:

RedStone (RED) will unlock approximately 5.54 million tokens at midnight Beijing time on November 7, representing 2.40% of the current circulation, valued at about $1.8 million.

November 8

Policy Regulation:

The U.S. SEC has postponed its decision on Grayscale's DOT spot ETF, with the decision date set for November 8

The U.S. SEC will extend the review period for the Grayscale Polkadot Trust (DOT) listing application submitted to Nasdaq. The commission will extend the deadline for approving or disapproving the proposed rule change by 60 days, with the final decision date set for November 8.

The UAE has signed an automatic exchange agreement for crypto tax data, with public consultation ending on November 8

After signing the Multilateral Competent Authority Agreement on Automatic Exchange of Information under the Crypto Asset Reporting Framework, the UAE has taken a key step towards aligning its digital asset policies with international tax standards. The UAE Ministry of Finance announced this agreement on Saturday, signifying its formal commitment to implementing the OECD's global framework for digital asset reporting. The CARF establishes a mechanism to facilitate the automatic exchange of crypto asset tax information among participating jurisdictions, enhancing international cooperation, transparency, and tax compliance. The UAE plans to launch this framework in 2027, with the first exchange of information occurring in 2028. To prepare for implementation, the UAE is publicly consulting industry stakeholders from September 15 to November 8. Additionally, the UAE joins 50 jurisdictions, with countries like New Zealand and Australia also committing to adopt this framework.

Token Unlocking:

Space and Time (SXT) will unlock approximately 24.64 million tokens at 9 PM Beijing time on November 8, representing 1.62% of the current circulation, valued at about $1.3 million.

November 9

Project Updates:

Clanker has completed its first contract upgrade and will undergo a second upgrade on November 9

The AI agent Clanker from the Base ecosystem tweeted that it has completed its first contract upgrade and will undergo a second upgrade on November 9, with user profit-sharing applications opening on December 4. The official stated that when Clanker deploys tokens, it will launch a Uniswap V3 pool with a 1% fee on Base. Each time a token is traded, 1% of each swap in that pool will be collected and distributed as rewards, with 60% of the swap fees allocated to the protocol party (Clanker) and 40% to the requester (the user requesting Clanker to deploy tokens). The profit-sharing ratio for tokens deployed before November 14, 2024, will be 75% and 25%.

Token Unlocking:

BounceBit (BB) will unlock approximately 29.93 million tokens at 8 AM Beijing time on November 9, representing 3.85% of the current circulation, valued at about $3.3 million.

Specific Time TBD

Policy Regulation:

Politico: The U.S. government shutdown may see a turnaround early next week

The U.S. government has been shut down for nearly a month, and the situation seems to finally be changing. The impending critical deadlines, along with external pressures, are adding new urgency to the bipartisan discussions that have been stalled for weeks. Senate Majority Leader John Thune and his Senate allies, along with House Speaker Mike Johnson and other House Republican leaders, appear increasingly convinced that more centrist Democrats are ready to compromise on a temporary funding bill to alleviate the impact of the shutdown, possibly as early as next week. Republican leaders are discussing a new temporary funding bill, with dozens of proposals currently on the table, including providing temporary funding for the government until around January 21 or as late as March.

Project Updates:

Stable: The second phase of the pre-deposit activity will launch next week

The Layer 1 stablecoin project Stable announced on the X platform that the second phase of the pre-deposit activity will launch next week. Additionally, Stable stated that this activity will include a 24-hour countdown, a fixed total deposit cap, single wallet deposit limits, and personal wallet requirements.

Previously, it was reported that only 274 addresses successfully participated in the first phase of Stable's pre-deposit activity with a quota of $825 million.

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