This Week's News Preview | Binance Launches Kite (KITE) Spot Trading
Highlights of the week from November 3 to November 9.整理：Jerry，ChainCatcher
Key News:
- Binance will launch Kite (KITE) spot trading on November 3
- Binance Alpha will launch THORWallet (TITN) on November 3
- dYdX community proposes to experiment with using 100% of protocol fees for DYDX buybacks, with the proposal planned for submission on November 3
- Binance Alpha will launch Dino Tycoon (TYCOON) on November 4
- U.S. court plans to hold a hearing on SBF's retrial motion on November 4
November 3 (Monday)
Binance will launch Kite (KITE) spot trading on November 3
Binance will open the Launchpool event for Kite (KITE) on November 1, 2025, at 08:00, allowing users to obtain KITE by investing BNB, FDUSD, and USDC. The event will last until November 3, 2025, at 07:59. Kite (KITE) will go live for spot trading on November 3, 2025, at 21:00, with trading pairs KITE/USDT, KITE/USDC, KITE/BNB, and KITE/TRY available, subject to seed label trading rules.
Binance Alpha will launch THORWallet (TITN) on November 3
According to official news, Binance Alpha will launch THORWallet (TITN) on November 3.
Eligible users can visit the Alpha event page to claim airdrops using Alpha points after trading opens. More details will be announced soon.
A new proposed proposal has emerged in the dYdX community forum, which includes using 100% of dYdX's net trading fees for DYDX token buybacks to enhance token value accumulation, with a plan for a three-month experimental trial.
Currently, dYdX Chain allocates net trading fees as follows: 25% for DYDX buybacks, 40% for staking rewards for validators and stakers, 25% for Megavault liquidity, and 10% to the treasury. The proposal will be formally submitted on November 3.
November 4 (Tuesday)
Binance Alpha will launch Dino Tycoon (TYCOON) on November 4
According to official news, Binance Alpha will be the first platform to launch Dino Tycoon (TYCOON) on November 4.
Eligible users can visit the Alpha event page to claim airdrops using Binance Alpha points after trading opens. Specific details will be announced later.
According to informed sources, Canada is consulting on stablecoin regulatory rules and may announce a significant update in the federal budget to be released next week. These 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 document 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 instruments with strict oversight.
U.S. court plans to hold a hearing on SBF's retrial motion on November 4
According to CoinDesk, the U.S. Second Circuit Court of Appeals will hear arguments next week regarding FTX founder SBF's retrial motion, who was previously convicted on seven different conspiracy and fraud charges and sentenced to 25 years in prison, with the jury unanimously finding him guilty two years and two days ago.
It is reported that the hearing on November 4 will give the Southern District Attorney's Office (currently led by former SEC Chairman Jay Clayton) and SBF's new defense team (led by veteran white-collar crime appellate attorney Alexandra Shapiro) each 10 minutes to present their arguments. During the hearing, judges may ask questions to clarify details, but the hearing will not re-examine the charges themselves, rather it will assess whether the trial was conducted properly.
November 5 (Wednesday)
Fractal Bitcoin launches two new staking pools, Triple Gem will close on November 5
According to official news, Fractal Bitcoin has officially opened two native staking pools, Triple Gem and Whale, with a total staking limit of 2.5 million FB.
The newly launched "Triple Gem Pool" and "Whale Pool" are designed with differentiated features to meet the needs of users of different scales based on the existing tiered yield model. The Triple Gem Pool technically enables concurrent use of multiple yield accelerations, allowing users to activate three gem yield acceleration modes simultaneously, increasing the usage limit compared to conventional plans. This pool has a time-limited mechanism and will close on November 5. The Whale Pool is primarily aimed at large staking needs, raising the single-address staking limit to 200,000 FB.
Fractal Bitcoin's latest activity iteration continues its technical route based on the Taproot protocol, further enhancing the diversity of yield structures while maintaining user asset self-custody. It is reported that the opening of the staking pools coincides with new opportunities to acquire its yield acceleration tools, allowing users to obtain additional yield tools by visiting the event page and strategically using these tools during staking to achieve additional yield boosts, with the overall annualized yield rate reaching up to 49.8%. This staking plan does not set a lock-up period, allowing for full or partial unstaking at any time.
November 6 (Thursday)
Binance Alpha and Binance Futures will support the renaming of AI16Z token to ELIZAOS on November 6
Binance Alpha will temporarily close trading of AI16Z for token replacement on November 6, 2025, at 18:00, with all AI16Z being replaced with ELIZAOS at a ratio of 1 AI16Z = 6 ELIZAOS. Binance Futures will automatically liquidate the AI16Z USDT perpetual contract at 17:00 on the same day, and the trading pair will be removed after liquidation. ELIZAOS trading will open on November 7, 2025, at 10:00, and account deposits will also be available at that time.
Risk warning
