Trader Eugene: Bitcoin's next key support level is at $75,000
On March 4th, Top Trader Eugene Ng Ah Sio put up a post stating, "With the benefit of hindsight, it is clearly a bearish retest that was followed by a strong rejection. Looking forward, I think we may have missed the opportunity. Attempts to go long should be limited to only the most favorable situations. The next key support level is anticipated to be $75,000. Keep risks at a low level and return to the capital protection mode."
9 minutes ago
Longling Capital's associated address withdrew 2,000 ETH from Binance 3 hours ago and deposited it into Aave.
On March 4th, according to The Data Nerd's monitoring, 3 hours prior to this, an address linked to Longling Capital withdrew 2,000 ETH (approximately $4.1 million) from Binance and transferred it to Aave.
Typically, the individual would borrow USDT/USDC from Aave and then deposit it into Binance in order to accumulate more ETH.
In total, they have made a deposit of 73,302 ETH (approximately $151 million) and borrowed 47.4 million USDT and 16.22 million USDC.
9 minutes ago
Cinneamhain Ventures Partner: Trump Has No Authority to Unilaterally Repeal Cryptocurrency Capital Gains Tax, Only Congress Can
On March 4th, in response to the rumor that the Trump administration was planning to announce a zero capital gains tax policy on cryptocurrency sales at the crypto summit on Friday, Adam Cochran, a partner at Cinneamhain Ventures, stated: "Mike blocked me for repeatedly fact-checking him, but that won't deter me. The President doesn't have the authority to unilaterally change the tax law. Only Congress can do that. This is one of the few powers that the Constitution clearly reserves for Congress. Even if the President were to make such an announcement or attempt to sign an executive order for it, it wouldn't become law. It's no more valid than if I were to claim to be a sponge cake."
9 minutes ago
The White House has confirmed that starting at 12:00 a.m. EST on March 4, additional tariffs will be imposed on Mexico and Canada.
March 4th. On March 3rd, in local time, the White House made a confirmation that starting from 12:00 a.m. Eastern Time on March 4th in the United States and 11:00 p.m. on March 3rd in Mexico, the United States will impose a 25% tariff on goods imported from Mexico and Canada. U.S. President Trump declared on the 3rd that the 25% tariff on goods from Mexico and Canada will come into effect on March 4th. Trump emphasized that there is no possibility of reaching a consensus on tariffs for Mexico and Canada. (FX678)
9 minutes ago
Argo Blockchain has signed a $40 million financing agreement.
On March 4th, the Bitcoin mining firm Argo Blockchain announced that it had entered into a $40 million senior secured convertible loan agreement. The initial financing was $15 million, and the remaining $25 million was to be funded within the next 18 months. Three multinational institutions participated in the investment (the specific institution names have not been disclosed at present) and would join Argo's board of directors. The new funds would be used to expand its mining facility in Baie Comeau, strengthen its balance sheet, and pursue a series of potential merger and acquisition transactions.
9 minutes ago
Analyst: Trump's Tariffs Bring Global Economic Uncertainty, May Trigger Economic Recession, Impact Bitcoin and Cryptocurrency Prices
On March 4th, Julio Moreno, the Research Director of CryptoQuant, posted on social media, saying, "The tariffs imposed by Trump have brought an excessive amount of uncertainty to the global economy. If the tariffs persist for a long time, the likelihood of an economic recession is rather high."
"Even though there is a positive regulatory environment and progress in US cryptocurrency reserves, this still has an impact on the price of Bitcoin and cryptocurrencies."
9 minutes ago
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