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Arthur Hayes: I firmly believe we are still in a bull cycle, and as such, the bottom at worst will be the previous cycle’s all-time high of $70,000. One positive liquidity dollar signpost is that the US Treasury General Account is declining, which acts as a liquidity injection. We will be cautiously nibbling on dips using no leverage. — link : Wu Blockchain News
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JUST IN: $1,070,000,000 liquidated from the cryptocurrency market in the past 24 hours. : Watcher Guru
The Prime Minister of Vietnam has instructed the Ministry of Finance and the State Bank to draft a legal framework for cryptocurrencies within this month. In 2021 and 2022, Vietnam ranked among the top three in the world in terms of the proportion of its population owning cryptocurrencies (equivalent to 21% of the population). — link : Wu Blockchain News
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Bitcoin $84,000
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Cameron Winklevoss, co-founder of Gemini: While I’m excited about a Strategic Reserve, I was surprised by the digital assets being contemplated. Bitcoin is the only asset that meets the bar for a store of value reserve asset. Maybe Ethereum. Digital gold and digital oil. — link : Wu Blockchain News
JUST IN: President Trump's 25% tariffs on Canada and Mexico, along with 20% tariffs on China officially take effect. : Watcher Guru
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*CHINA RETALIATES AGAINST TRUMP TARIFFS WITH LEVIES OF UP TO 15% : infinityhedge
The south side of BI announced the 11TH project on the ho DL er airdrops Page - go plus security (GPS). Binance will then list GPS at 2025-03-04 13:00 (UTC) and open trading against USDT, USDC, BNB, FDUSD, and TRY pairs. The seed tag will be applied to GPS. — link : Wu Blockchain News
Binance announced the 11th project on the HODLer Airdrops page - GoPlus Security (GPS). Binance will then list GPS at 2025-03-04 13:00 (UTC) and open trading against USDT, USDC, BNB, FDUSD, and TRY pairs. The seed tag will be applied to GPS. — link : Wu Blockchain News
China will impose additional tariffs on some imported goods originating from the United States from March 10, 2025, in response to the US government's announcement on March 3 to impose a 10% tariff on all Chinese goods exported to the United States. China will impose a 15% tariff on American chicken, wheat and other products, and a 10% tariff on soybeans, pork and other products. — link : Wu Blockchain News
The current Australian government has stated that there is currently no plan to establish a strategic cryptocurrency reserve. The Australian government is focusing on regulating digital asset platforms and is developing a regulatory framework suitable for digital assets. — link : Wu Blockchain News
SBI VC Trade, a crypto exchange under the Japanese financial giant SBI Group, announced on March 4 that it had completed the first registration related to stablecoin transactions in Japan. After approval, it will start processing USDC transactions on March 12. — link : Wu Blockchain News
Bybit CEO Ben Zhou disclosed that the total amount of funds stolen by hackers is $1.4 billion (about 500k ETH), of which 77% can still be traced, 20% can no longer be traced, and 3% has been frozen. 83% has been converted to Bitcoin and scattered in 6,954 wallets. — link : Wu Blockchain News
Farcaster co-founder Dan Romero predicts that the US government's cryptocurrency reserves will only retain seized assets and will not make new purchases; Bitcoin will account for 80%; XRP and ADA may be included in the reserves through in-kind payment of taxes or similar donations. — link : Wu Blockchain News
On March 3, Bitcoin spot ETF had a total net outflow of $74.19 million, Blackrock ETF IBIT had a net outflow of $77.97 million; Ethereum spot ETF had a total net outflow of $12.1 million, and continued to have net outflows for 8 consecutive days. — link : Wu Blockchain News
Samson Mow, CEO of Jan3, warned Trump about the cryptocurrency reserve plan, pointing out that if the plan includes random altcoins, it may cause chaos and turn it into a pure speculative game. The real strategy should give priority to POW assets such as BTC, LTC and XMR. — link : Wu Blockchain News