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Jinse Finance reported, according to Token Unlocks data, several tokens will undergo significant unlock events this week. Among them: SUI will unlock 43.96 million tokens on November 1, worth approximately $117 million, accounting for 1.21% of the circulating supply; GRASS will unlock 181 million tokens on October 28, worth about $80.27 million, accounting for 72.40% of the circulating supply; EIGEN will unlock 36.82 million tokens on November 1, worth about $44.55 million, accounting for 12.10% of the circulating supply; OMNI will unlock 7.99 million tokens on November 2, worth about $23.97 million, accounting for 30.30% of the circulating supply; JUP will unlock 53.47 million tokens on October 28, worth about $23.29 million, accounting for 1.72% of the circulating supply; ENA will unlock 40.63 million tokens on November 2, worth about $20.73 million, accounting for 0.60% of the circulating supply; ZORA will unlock 167 million tokens on October 30, worth about $15.51 million, accounting for 4.55% of the circulating supply; KMNO will unlock 229 million tokens on October 30, worth about $14.86 million, accounting for 5.99% of the circulating supply; OP will unlock 31.34 million tokens on October 31, worth about $14.59 million, accounting for 1.71% of the circulating supply; IMX will unlock 24.52 million tokens on October 31, worth about $13.77 million, accounting for 1.24% of the circulating supply; SIGN will unlock 290 million tokens on October 28, worth about $12.07 million, accounting for 21.48% of the circulating supply; ZETA will unlock 44.26 million tokens on November 1, worth about $5.56 million, accounting for 4.13% of the circulating supply; REZ will unlock 424 million tokens on October 30, worth about $4.62 million, accounting for 8.79% of the circulating supply; W will unlock 50.41 million tokens on October 31, worth about $3.83 million, accounting for 1.04% of the circulating supply; TREE will unlock 11.25 million tokens on October 29, worth about $2.17 million, accounting for 6.12% of the circulating supply; IOTA will unlock 12.37 million tokens on October 29, worth about $1.87 million, accounting for 0.33% of the circulating supply; GUN will unlock 87.58 million tokens on October 30, worth about $1.74 million, accounting for 7.25% of the circulating supply; YGG will unlock 10.68 million tokens on October 27, worth about $1.52 million, accounting for 1.25% of the circulating supply; AI will unlock 18.21 million tokens on November 1, worth about $1.50 million, accounting for 4.14% of the circulating supply; DYDX will unlock 4.17 million tokens on November 1, worth about $1.48 million, accounting for 0.58% of the circulating supply.

Jinse Finance reported that Japanese startup JPYC has announced the launch of a stablecoin that is fully redeemable for Japanese yen, backed by domestic savings and Japanese government bonds. Ryozo Himino, Deputy Governor of the Bank of Japan, stated last week that stablecoins could become key participants in the global payment system, partially replacing the role of bank deposits. JPYC will initially not charge transaction fees to expand its user base and will earn revenue from the interest on Japanese government bonds it holds. Tomoyuki Shimoda, a scholar at Rikkyo University and former central bank executive, believes that it will take at least 2-3 years for yen stablecoins to become widely adopted in Japan.