US Treasury Secretary Yellen: Some Parts of the Economy Are in Recession

On November 3rd, the CEO of Standard Chartered Bank declared that both Standard Chartered and the leadership of the Hong Kong Special Administrative Region are of the view that all transactions will ultimately be settled through blockchain, and all currencies will be digitized. (Golden Finance)

On November 3rd, due to the market downturn, ASTER experienced a pullback and is now trading at $1.0878. According to the monitoring of HyperInsight, after CZ's highly visible purchase of ASTER, a whale sold ASTER short three times, and the floating profit exceeded $5.4 million.

On November 3rd, OKX will list Kite AI (KITE at 9:00 PM (Eastern Time). The deposit service is currently available, and the withdrawal service will open at 12:00 AM on November 4th.

On November 3rd, according to HTX market data, Bitcoin briefly fell below $108,000 and is currently trading at $108,009, with a 24-hour decline of 1.90%.

November 3rd — Paul Chan, the Financial Secretary of Hong Kong, stated at the Hong Kong Fintech Week 2025 that Hong Kong's financial regulators have a dual mission of both regulating and facilitating market development. While they encourage innovation, they must also ensure the genuine applicability of digital asset regulation, protect investors, and maintain financial stability. Whether it is a digital asset trading platform or a stablecoin, we adhere to the same activities, the same risks, and the same regulatory principles. In particular, our regulatory approach to stablecoins is clear: stablecoins are not for investment or speculation but are designed to promote cost reduction, cross-border transactions, and real economic activities. This is why, under a licensing regime, the approval of stablecoin licenses is only open to applicants with a sustainable and robust business model to support them and a genuine use case.

On November 3rd, according to HTX market data, the crypto market has been continuously declining for nearly 4 hours. Bitcoin is currently at $108,329 and Ethereum is at $3,754. As of the time of writing, a total of $95.4 million has been liquidated across the network in the past hour. The amount of long positions liquidated amounts to $93.53 million.