ETH breaks through the $3900 mark

Hong Kong will allow cryptocurrency exchanges to connect local entities with global order books, ending the previous closed trading model. This measure may promote further integration between the Hong Kong cryptocurrency market and the international market. （Cointelegraph）

[Gate Latest Reserve Report: Total Reserve Ratio Reaches 124%, USDT Reserves Increase by 300 Million] Gate has released its latest reserve report. As of October 28, 2025, the total reserves amount to $11.676 billion, with a total reserve ratio of 124%, covering nearly 500 types of user assets. USDT reserves have increased by approximately 300 million, highlighting asset security and transparency. The total BTC user holdings amount to 18,536.99 BTC, with reserves of 24,833.00 BTC, raising the excess reserve ratio to 33.96%. The total ETH user holdings amount to 332,801.81 ETH, with reserves increasing to 419,096.00 ETH, boosting the excess reserve ratio to 25.93%. The total USDT user holdings have grown to 1.333 billion USDT, with reserves reaching 1.583 billion USDT. Gate continues to ensure the safety of user assets through a verifiable reserve system and multi-layered security protection.

[Binance to Launch TRUST Trading and Perpetual Contracts on November 5, 2025] Binance announced that it will open trading for Intuition (TRUST) on the Binance Alpha platform at 17:00 (UTC+8) on November 5, 2025, and launch the TRUSTUSDT perpetual contract at 17:30 (UTC+8) on the same day, supporting up to 50x leverage. Additionally, Binance will airdrop TRUST tokens to eligible users, who must claim them through Binance Alpha Points between 17:00 on November 5, 2025, and 17:00 on November 6, 2025 (UTC+8).

[Gate Launches the 12th ZK Contract Points Airdrop Event] Gate Exchange announces the 12th contract points airdrop event, where users can claim ZK (zkSync)-related rewards for a limited time.

[CZ Responds to 3x Shorting ASTER Incident: Anyone Can Trade Freely] On November 3, in response to the situation where an address opened a 3x short during ASTER's surge last night, CZ stated that this is a decentralized world where anyone can choose to short, go long, or hold assets.