ETH breaks through the $3900 mark

OKX-ETH/USDT is currently trading at $3702.78, with a 5-minute drop of 0.41%. Please pay attention to market fluctuations.

**["Calm Order King" BTC and SOL Short Positions Profit Over $1.81 Million, Position Size Significantly Reduced]** On November 3, on-chain AI analysis tool CoinBob monitored that the "Calm Order King" once again rolled over BTC and SOL short positions in the past hour and gradually closed part of the positions. The nominal value of BTC short positions decreased by approximately $7.63 million, and SOL short positions decreased by approximately $5.9 million. Currently, BTC short positions have an unrealized profit of $360,000, with a return rate of about 74%, and the position size has dropped to $9.83 million; SOL short positions have an unrealized profit of $620,000, with a return rate of about 157%, and the position size has dropped to $7.94 million. The total nominal value of positions has decreased from $60.68 million to $17.79 million, with realized profits of approximately $1.81 million. This trader rolled $3 million in principal to over $20 million at the beginning of the month, achieving a 100% win rate across 17 trades this month. Investors should be aware of market volatility risks.

[MGBX to Launch ZK and LITKEY Spot Trading] To further enrich the platform's trading options and enhance user trading experience, MGBX will officially launch the following spot trading pairs on November 3, 2025. Schedule: Deposit opening time: 2025-11-03 16:00:00 (SGT) Trading opening time: 2025-11-03 18:00:00 (SGT) Withdrawal opening time: 2025-11-06 19:00:00 (SGT) Trading pair details: ZK/USDT LITKEY/USDT For more trading opportunities, please visit 'Quick News Updates.' Data sourced from MGBX, for information sharing only and does not constitute any investment advice.

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.