Weekly Preview | KITE Token Will Be Available for Claim and Listed on Binance; Hong Kong Fintech Week Begins

News Preview:

• KITE tokens will be available for Claim on November 3 and will be listed on Binance and other exchanges;
• Hong Kong FinTech Week 2025 will kick off in Hong Kong on November 3;
• The SBF case will begin a week-long trial on November 3;
• Ethena(ENA) will unlock approximately 172 million tokens at 3:00 PM (Beijing time) on November 5, accounting for 2.52% of the current circulating supply, valued at about $67.1 million;
• The US SEC will make a decision on the Grayscale 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 US will release the final October S&P Global Manufacturing PMI, October ADP employment numbers, and initial jobless claims for the week ending November 1;
• A potential breakthrough in the US government shutdown may occur early next week

November 3

Macroeconomics:

At 22:45 on November 3, the US will release the final October S&P Global Manufacturing PMI;

CEX:

Binance Launchpool Lists Kite (KITE), Spot Trading for KITE Goes Live on November 3

Binance announced the official launch of its 71st Launchpool project, Kite (KITE), 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 at 21:00 on November 3, 2025, and open trading for KITE/USDT, KITE/USDC, KITE/BNB, and KITE/TRY pairs. The initial circulating supply will be 1.8 billion tokens, accounting for 18% of the Total supply. Additionally, 50 million extra KITE tokens will be allocated for marketing activities, with details to be announced six months after the Spot launch.

KITE Foundation has launched the KITE token airdrop query, Claim opens on November 3. Previously, Kite completed its testnet and NFT Snapshot, with 48% of KITE tokens allocated to the community and ecosystem.

Binance Alpha to Launch THORWallet (TITN) on November 3

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

Bybit Launches Auto Funding Rate Adjustment for Perpetual Contracts, Full Rollout Planned for November 3

Bybit will launch the Auto Funding Rate Settlement Frequency Adjustment feature for Perpetual contracts on October 30, with a full rollout planned for November 3. This new feature aims to better reflect Real Time market dynamics, helping traders respond more flexibly to market Fluctuation without manual strategy adjustments. When the Funding Rate for Perpetual contracts hits preset upper or lower limits at Settlement, the system will automatically adjust the Settlement frequency from every 4 or 8 h to every 1 h; depending on market conditions, the frequency may revert to every 2, 4, or 8 h. This feature applies to most Perpetual contracts, excluding some BTC and ETH-related contracts.

FTX Creditors Release SBF Case Update: Trial Set to Begin November 3 for One Week

FTX creditor Sunil posted an update on the SBF case on X, stating the trial will begin on November 3, 2025, and last for one week.

Upbit to Delist UXLINK (UXLINK) Trading Pairs on November 3

Upbit will end support for UXLINK (UXLINK) trading at 15:00 on November 3, 2025. Affected pairs include UXLINK/KRW, UXLINK/BTC, and UXLINK/USDT. After trading support ends, previously requested orders will be canceled, and airdrop, wallet upgrades, and fork services for this digital asset will no longer be supported. Users must complete withdrawal operations by December 3, 2025.

Project Updates:

Aster DEX to Update VIP Program on November 3, Adds ASTER Token Holding Requirement

Aster DEX will update its VIP program at 08:00 on November 3, introducing an ASTER token holding requirement. Under the new rules, users must meet both a 14-day trading volume ( Spot or Perpetual ) and ASTER token holding ( combined Spot and Perpetual wallet ) requirements to achieve the corresponding VIP level. The platform will evaluate users’ VIP level and rates daily at the end of each UTC day.

Monad: MON Token Airdrop Ends November 3

Monad Foundation announced the MON token airdrop program, distributing tokens to about 230,000 crypto community members and 5,500 Monad core members. The airdrop Claim portal is the official page [claim.monad.xyz], open until November 3, 2025. Users can verify identification via EVM or Solana wallets.

The airdrop is divided into five categories: Monad community members, on-chain active users, broader crypto community, crypto contributors and education participants, and Monad ecosystem builders. The Foundation stated the airdrop focuses on “real contributors,” using Trusta AI’s anti-Sybil mechanism to filter fake addresses, and manual screening via Monad Cards and the community identification system.

Governance Voting:

dYdX Community Proposes Trial to Use 100% Protocol Fees for DYDX Buyback, Proposal to Be Submitted November 3

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

The proposal aims to test higher price-to-earnings and market capitalization efficiency, with the original allocation ratio automatically restored after the trial. An estimated $5–10 million worth of DYDX tokens could be bought back in three months. The proposal is scheduled for submission on November 3.

Events:

Hong Kong FinTech Week 2025 Kicks Off in Hong Kong on November 3

As one of the world’s most influential FinTech events, Hong Kong FinTech Week 2025 will begin in Hong Kong on November 3. HashKey Group will again participate as a Gold Sponsor and exclusively host the RWA: Onboard Summit on November 4.

Token Unlocks:

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

November 4

Policy & Regulation:

Canada Accelerates Stablecoin Regulation, New Rules May Be Announced in November 4 Federal Budget

Canada is consulting on Stablecoin regulatory rules and may announce a major update in next week’s federal budget. Officials have been in deep discussions with regulators and industry participants for weeks. Canadian Finance Minister Chrystia Freeland is expected to address the topic in the budget document released on November 4. In July, the US passed the “Genius Act,” authorizing financial regulators to oversee Stablecoin issuers and their reserve management, requiring issuers to comply with anti-money laundering and sanctions avoidance rules. The new law has been welcomed by many in the crypto industry. However, in Canada, due to a lack of relevant legislation, regulators say Stablecoins may constitute securities or derivation. Some experts believe they should be regulated as payment instruments with strict oversight.

CEX:

Binance Alpha to List Dino Tycoon (TYCOON) on November 4

Binance Alpha will list Dino Tycoon (TYCOON) on November 4. Eligible users can Claim the airdrop using Binance Alpha points on the Alpha event page after trading opens. Specific details will be announced separately.

Project Updates:

AI Trading Competition Alpha Arena Hosted by nof1.ai Ends November 4

The AI trading competition Alpha Arena, hosted by nof1.ai, will run until 17:00 ET on November 3, 2025 (06:00 Beijing time, November 4, 2025). The second season is nearing completion, leveraging discoveries from the first season and ongoing analysis to build the next phase. The second season plans to introduce more features, release improved prompts and harness toolkits, and adopt more rigorous statistical methods.

The event started on October 17. The experiment was conducted on Perp DEX Hyperliquid, where six mainstream large language models (LLMs) were placed in a real competitive trading environment. Each model was allocated $10,000 to autonomously trade Perp.

Governance Voting:

Jupiter Community Proposes “Whether to Burn Litterbox Trust’s JUP Tokens,” Voting Ends November 4

The Jupiter community released a proposal on “Whether to Burn Litterbox Trust’s JUP Tokens,” with voting ending November 4. The proposal includes whether to burn the 120 million JUP tokens currently accumulated by Jupiter Litterbox Trust.

November 5

Macroeconomics:

At 21:15 on November 5, US October ADP employment numbers;

CEX:

Binance to Support THORChain (RUNE) Network Upgrade on November 5

Binance will suspend THORChain (RUNE) token Deposit and Withdraw services at 00:00 on November 5, 2025, to support its network upgrade. The project plans to upgrade at Block height 23,540,000, expected at 01:00 on November 5, 2025.

Token Unlocks:

Ethena(ENA) will unlock approximately 172 million tokens at 3:00 PM (Beijing time) on November 5, accounting for 2.52% of the current circulating supply, valued at about $67.1 million

November 6

Macroeconomics:

At 21:30 on November 6, US initial jobless claims for the week ending November 1;

Policy & Regulation:

Wyoming Stablecoin Commission Seeks Public Comment on Token Management Rule Draft, Deadline November 6

The Wyoming Stablecoin Commission has released token management rules and launched a 45-day public notice and comment period. Once formally enacted, the rules will govern the technical management process for Wyoming Stable Token. The draft is available for public review until November 6, 2025.

CEX:

Binance Futures to Auto Liquidate and Remove AI16ZUSDT Perpetual Contract on November 6

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

Additionally, Binance Futures will auto liquidate the AI16ZUSDT Perpetual contract at 17:00 (Beijing time) on November 6, 2025, and remove the trading pair. The relisting time will be announced separately.

Project Updates:

Block Inc. to Release Q3 Financial Results After Market Close on November 6

Payment platform Block Inc., founded by Twitter co-founder Jack Dorsey, will release its Q3 2025 financial results after market close on November 6, 2025. Block will also hold a conference call and earnings Live at 2:00 PM PT / 5:00 PM ET on the same day to discuss the results.

TSL(TSLA.O) to Hold Annual Shareholders Meeting on November 6, 2025

According to SEC filings, TSL(TSLA.O) will hold its annual shareholders meeting on November 6, 2025. TSL(TSLA.O) board chair Robyn Denholm urged shareholders in a letter Monday to vote in favor of CEO Elon Musk’s nearly $1 trillion compensation package before the meeting. Shareholder voting will end at 11:59 PM on November 5.

Token Unlocks:

Heroes of Mavia (MAVIA) will unlock approximately 11.89 million tokens at 8:00 AM (Beijing time) on November 6, accounting for 16.92% of the current circulating supply, 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 Money Market Conference at 4:00 PM on November 7.

Policy & Regulation:

Hong Kong SFC Opens Tender for Virtual Asset Trading Monitoring System, Deadline November 7

The Hong Kong SFC has opened a tender for a virtual asset trading monitoring system to continuously upgrade regulatory capabilities. The tender deadline is November 7, 2025, with the winning institution expected to be determined in the first half of 2026 to strengthen detection of anomalies in virtual asset trading.

Token Unlocks:

RedStone (RED) will unlock approximately 5.54 million tokens at midnight (Beijing time) on November 7, accounting for 2.40% of the current circulating supply, valued at about $1.8 million

November 8

Policy & Regulation:

US SEC Delays Decision on Grayscale DOT Spot ETF, Decision Date Set for November 8

The US SEC will extend the review period for the Nasdaq listing application of Grayscale Polkadot Trust (DOT). The deadline to approve or deny the proposed rule change is extended by 60 days, with the final decision date set for November 8.

UAE Signs Crypto Tax Data Automatic Exchange Agreement, Public Comment Ends 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 toward aligning digital asset policy with international tax standards. The UAE Ministry of Finance announced the agreement on Saturday, formally committing to implement the OECD global digital asset reporting regime. CARF establishes a mechanism to facilitate automatic exchange of crypto asset tax information among participating jurisdictions, enhancing international cooperation, transparency, and tax compliance. The UAE will launch the framework in 2027, with the first exchange of information in 2028. To prepare for implementation, the UAE is seeking public comment from industry stakeholders from September 15 to November 8. The UAE joins 50 jurisdictions, with New Zealand, Australia, and others also committing to adopt the framework.

Token Unlocks:

Space and Time (SXT) will unlock approximately 24.64 million tokens at 9:00 PM (Beijing time) on November 8, accounting for 1.62% of the current circulating supply, valued at about $1.3 million

November 9

Project Updates:

Clanker Completes First Contract Upgrade, Second Upgrade Scheduled for November 9

Base ecosystem AI affiliate Clanker posted on X that it has completed its first contract upgrade and will conduct a second upgrade on November 9. User revenue Claim will open on December 4. The official statement says that when Clanker deploys tokens, a 1% fee Uniswap V3 pool will be launched on Base. For each token traded, 1% of each swap will be collected and distributed as rewards, with 60% of swap fees allocated to the protocol (Clanker) and 40% to the requester (users who request Clanker to deploy tokens). For tokens deployed before November 14, 2024, the revenue split ratio is 75% and 25%.

Token Unlocks:

BounceBit (BB) will unlock approximately 29.93 million tokens at 8:00 AM (Beijing time) on November 9, accounting for 3.85% of the current circulating supply, valued at about $3.3 million

Specific Time TBD

Policy & Regulation:

Politico: US Government Shutdown May See Breakthrough Early Next Week

The US government shutdown has lasted nearly a month, but the situation finally seems to be shifting. Imminent key deadlines and external pressure are adding urgency to stalled bipartisan talks. Senate Majority Whip John Thune, his Senate allies, House Speaker Mike Johnson, and other House Republican leaders increasingly believe that more centrist Democrats are ready to compromise on a temporary funding bill to ease the shutdown’s impact, possibly as early as next week. Republican leaders are discussing a new temporary funding bill, with dozens of options, including providing temporary government funding until around January 21 or as late as March.

Project Updates:

Stable: Second Phase of Pre-Deposit Event to Launch Next Week

Stablecoin Layer 1 project Stable announced on X that the second phase of its pre-deposit event will launch next week. The event will include a 24-hour countdown, a fixed Total deposit cap, single wallet deposit limits, and individual wallet requirements.

Previously, only 274 addresses successfully participated in the first phase of Stable’s pre-deposit, which had an $825 million cap.