CZ Reveals His Binance Account Holds 2,090,598.14 ASTER

On November 3rd, during the Hong Kong Fintech Week 2025, Ashley Alder, the CEO of the Hong Kong Securities and Futures Commission, declared that Hong Kong will enable local licensed virtual asset trading platforms to share a global order book with overseas affiliated companies in order to enhance liquidity.

On November 3rd, CZ posted to refute reports regarding his "proposal to establish a private crypto bank in Kyrgyzstan." CZ stated: "I have never put forward a proposal to start a bank by myself. Although I am in favor of banks providing crypto services, I have no interest at all in operating a bank." Earlier, Coin Bureau released a report claiming that CZ proposed to establish a private crypto bank named "Bereket Bank," focusing on digital assets and foreign investments. CZ further added that he might have said something like "I hope that as many digital banks as possible would support cryptocurrency," expressing similar sentiments.

On November 3rd, Matrixport offered comments on the market, indicating that the performance of Ethereum ETF remained flat this month. When looking back at historical data, July and August witnessed strong net inflows of $5.2 billion and $4.3 billion respectively. In September, it plummeted to $0.3 billion, and in October it was only $0.6 billion, with limited follow-up funding. The recent buying pressure has been concentrated, mainly contributed by Bitmine. If there is a lack of new institutional funds entering, ETH may still maintain its range-bound trading, and there may even be a possibility of a deeper pullback. The Net Asset Value (NAV) of Bitmine is slightly above the issuance level, enabling it to further issue shares to attract incremental funds, but this would dilute the equity of existing holders; its sustainability is questionable.

On November 3rd, based on Coinglass data, if Bitcoin drops below $107,000, the cumulative liquidation intensity of mainstream CEX in terms of long positions will reach 259 million. Conversely, if Bitcoin exceeds $109,000, the cumulative liquidation intensity of mainstream CEX in terms of short positions will reach 128 million. BlockBeats Notes: The liquidation chart does not display the exact number of contracts to be liquidated or the exact value of contracts to be liquidated. The bars on the liquidation chart actually represent the significance of each liquidation cluster in relation to adjacent liquidation clusters, that is, intensity. Therefore, the liquidation chart shows to what extent the price of the underlying asset will be influenced when it reaches a certain level. A higher "liquidation bar" indicates that the price will have a more pronounced reaction due to a liquidity avalanche when it reaches that point.

On November 3rd, as per official channels, MGBX has officially secured a Virtual Asset Service Provider (VASP) license in Poland. This authorization indicates that MGBX has accomplished a significant undertaking within the European compliance framework, enabling it to legally offer virtual asset-related services in Poland and the European Union. This advancement not only further bolsters MGBX's global compliance strategy but also lays a firm foundation for the platform's stable growth in the European market. MGBX will persist in upholding compliance, security, and transparency as its core principles, providing users worldwide with a more elevated standard of crypto financial services.