Token Events

According to CoinDesk, HSBC's Hong Kong dollar-denominated stablecoin RedCoin reached 50,000 users in its first week on November 2, with a circulating supply of 87.75 million HKD. The bank plans to expand RedCoin's use beyond its PayMe payment application to tokenized investment

According to Odaily, KRNL token officially launched its TGE today (November 2). KRNL is the native utility token for the Kernela platform, used for autonomous agent deployment and execution, data and capability calls, result recording, inter-agent settlement, and protocol

According to ChainCatcher, Swell has opened a token claim portal on Ethereum for users affected by Swellchain's shutdown to recover tokens trapped on the network. The project disclosed that 72.77 million SWELL, 100.99 swETH, and 55.28 rswETH have been recovered through a temporary cross-chain

Gate News: According to an official announcement from Lnfi Network, Lnfi Network (LN) tokens will be swapped to a new token contract at a 1:1 ratio. Gate will automatically swap LN tokens held on its platform. Gate has suspended LN deposits and withdrawals. Users’ trades will not be affected during the token swap. The new token contract address is 0x0B1e17E48b3332f66db2f37ed3eF75B627645a40 (BSC). After the swap is complete, Gate will no longer support the old LN token contract.

According to COINOTAG, Bitway released 101.63 million BTW tokens into circulation on November 2, with a valuation of $109.66 million. The unlock represents 3.37% of the project's circulating supply of 3.01 billion BTW.

According to ChainCatcher, the Sunwuko Ecosystem will host a roundtable discussion on X Space on November 3 at 8 p.m. The event, titled "Web3 Enters the Revenue-Driven Era: Is DeFi's Value Logic Changing?", will focus on JUST's recent JST buyback-and-burn mechanism upgrade and SUN's latest

According to COINOTAG, on November 6, Hyperliquid will unlock 180,000 HYPE tokens from its vesting schedule for core contributors. The tokens are valued at $15.72 million at current valuation. The release represents 0.08% of the project's circulating

According to Rayls' official X account, the project burned over 10 million RLS tokens on October 31, bringing the cumulative burn total to 68.6 million RLS. The burn was announced through the project's official social media

According to RootData, STEPN's GMT token will unlock approximately 55.31 million tokens worth roughly $2.43 million on November 9 at 8:00 AM Beijing time.

According to ChainCatcher, on Nov 2 at 00:00 UTC, Hyperliquid's AQAv2 reserve address transferred 2.5247 USDC to its Assistance Fund, mirroring the pattern preceding the platform's first major payout last month. The move signals an imminent second USDC reserve distribution, estimated to exceed $15 m

According to CoinPost, SBI VC Trade announced on November 2 that its yen-denominated stablecoin JPYSC lending balance has exceeded 10 billion yen, with total holdings surpassing 30 billion yen. JPYSC, issued by SBI Shinsei Trust Bank, is Japan's first trust-type yen stablecoin. The lending

According to Odaily and on-chain data, on November 2 (UTC 00:00), Hyperliquid's Assistance Fund received a test transfer confirming arrival of USDC reserves. Hyperliquid is expected to receive over $15 million in USDC reserve yield for November, which at current HYPE prices is estimated to fund

This week, two major token unlocks are scheduled. HYPE will unlock $15.72 million on November 5, representing 0.08% of circulating supply. AVAX will unlock $14.42 million on November 8, accounting for 0.30% of circulating supply.

According to BlockBeats, StandX announced DUSD airdrop claims will open on November 2 at 8:00 UTC+8 (Beijing time), with the claiming period ending on December 31 at 16:00.

According to COINOTAG, on November 1, Ripple limited direct redemption of its RLUSD stablecoin to customers who hold an approved relationship with the issuer. Simply owning the token or purchasing it on a trading exchange does not grant redemption eligibility under Ripple's policy

According to ChainCatcher, 100 million XRP (valued at approximately $125 million) has been locked in Ripple's escrow account as of early November 1 (1:42 a.m. Beijing time).

Whale Alert reported earlier today that 500 million XRP, valued at approximately $624 million USD, has been locked in escrow at Ripple. This routine action is part of Ripple's supply management strategy designed to maintain predictable XRP availability in the market. The escrow mechanism serves as a

According to blockchain tracking service Whale Alert, Ripple released 1 billion XRP from escrow on November 1, with a total value of approximately $1.25 billion. The unlock was split into two transactions of 500 million tokens each, valued at around $626.4 million per transaction. The monthly relea