Crypto Today (Nov 3, 2025): Hong Kong Loosens Rules, Trump & CZ Drama, Bitcoin Falls
1. Hong Kong to Relax Crypto Rules
Hong Kong unveiled plans to ease cryptocurrency-trading regulations and launch a tokenisation pilot program aimed at strengthening its fintech and digital-asset hub status.
2. Trump Says He Doesn’t Know CZ
In a headline-grabbing interview, Donald Trump claimed he didn’t know Binance founder Changpeng Zhao (CZ) — despite having pardoned him in October. Zhao had pleaded guilty to money-laundering charges earlier in the year.
3. Bitcoin & XRP Slide Amid Weak Sentiment
Bitcoin fell ~2.7% to around $107,568, while Ethereum and XRP dropped ~4.4% and ~4.7%, respectively. October was Bitcoin’s worst month in seven years, and analysts warn further downside could come if key support levels break.
Takeaway
Crypto remains split between promise and pressure. Asia’s regulatory shift in Hong Kong signals progress, while U.S. politics continue to muddy perception. Market momentum has cooled, and traders are watching whether fresh ETF inflows or macro optimism can reignite the next leg up.
