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Richard Teng: Address to the Middle Eastern Community - Please Note Security

2 hours ago

March 3rd, Binance CEO Changpeng Zhao shared a message with the Middle East community: “To our Middle East community, recent events have saddened many. Please take care of yourselves and each other. This region is a second home to many Binance staff—including myself. Binance stands with you and is confident in the strength and resilience of this community. Please stay safe.” Public records show multiple crypto industry leaders, including Binance, have established permanent entities in the UAE. On March 1st, BlockBeats learned Binance issued a company-wide internal notice ordering all UAE-based employees to avoid outdoor activities, stay indoors, and prioritize personal safety. In the UAE, Iran launched hundreds of missiles and drones across the entire country. Most were intercepted by air defense systems, but some struck targets, causing casualties and facility damage: - Abu Dhabi’s Al Dhafra Air Base took a direct hit, leaving one dead and seven injured. - Dubai International Airport’s terminal was damaged, injuring four staff members; flight operations at both Dubai airports were suspended, stranding many passengers. - The Fairmont Palm Hotel on Palm Jumeirah was reportedly struck by a missile and caught fire. - The Burj Khalifa was evacuated following a missile alert.
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The POWER team transfers $29 million in tokens, causing the coin price to drop over 58.6% today

March 3 – According to monitoring data from onchainschool.pro, the POWER team’s wallet address was activated today, transferring $29 million worth of POWER tokens to an intermediate wallet. The team has begun continuous transfers of the tokens to trading platforms, with the process currently ongoing incrementally. Per HTX market data, the POWER token plummeted more than 58.6% today and is now trading at $0.7.

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Kalshi: to Support Trading Rolex Watch Price Fluctuations

March 3: Kalshi, the PredictIt-style prediction market, announced it will add trading on price volatility for luxury watches including Rolex, Omega, Cartier and Tudor.

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The U.S. government address has just sent out 0.0378 BTC, possibly for a test transaction

Data from Arkham shows that as of March 3, a U.S. government cryptocurrency address has just transferred out 0.0378 BTC—valued at approximately $2,520—potentially as a test transaction, with additional transfers expected to follow.

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Spot Gold Breaks Below $5000/Ounce, Hits Fresh Low Since February 20th

On March 3, spot gold dropped below $5,000 per ounce—hitting its lowest level since Feb. 20—according to market data from Bitget, with a daily decline of more than 6%.

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The US Dollar Strengthens, Rising Over 1%; Non-US Currencies Experience General Decline

March 3rd — Bitget market data shows the U.S. Dollar Index (DXY) extended its gains, last trading at 99.52 with a 1% daily rise. The Australian Dollar-U.S. Dollar (AUD/USD) pair plunged 2% intraday, while the New Zealand Dollar-U.S. Dollar (NZD/USD) dropped 1.5%, the Euro-U.S. Dollar (EUR/USD) fell 1.2%, and the British Pound-U.S. Dollar (GBP/USD) declined nearly 1%.

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Tether will partner with the Municipality of Lugano, Switzerland, to jointly contribute 5 million Swiss Francs to advance the Plan ? Phase 2 project and establish a global digital hub.

March 3rd: Over the past four years, Tether has partnered with Lugano’s municipal government to get more than 400 local merchants on board to accept BTC and USDT payments via Plan ?. This effort has embedded digital assets into daily business transactions and boosted their real-world utility. With strategic and technical support from Tether, Lugano has also launched digital bond issuances and enabled municipal digital asset payments—integrating blockchain directly into public fiscal infrastructure, not just limiting it to the private sector. Tether and Lugano’s government have jointly committed 5 million Swiss Francs to advance Plan ? Phase II, positioning Lugano as a global digital infrastructure hub. From 2026 to 2030, Tether will provide infrastructure support to grant Lugano long-term digital sovereignty. Key measures include: - Building secure, automated digital asset management infrastructure - Developing Lugano into a hub for digital trade and commodity flows - Advan

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