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.
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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."
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Gemini Co-founder: Bitcoin is the Only Asset that Meets the Store of Value Asset Standard
On March 4th, Cameron Winklevoss, a co-founder of Gemini, stated in a social media post that he is "enthused about the cryptocurrency strategic reserve plan but astonished by the digital assets under consideration. Bitcoin is the sole asset that fulfills the standard of a value reserve asset, and perhaps Ethereum also meets it. Digital gold and digital oil. This is analogous to the United States' physical reserve of gold (such as the Kentucky gold depository, the New York Federal Reserve Bank, etc.) and oil (strategic petroleum reserve). In the future, other assets may also attain this standard, but it is a very high threshold."
That being said, "if the government were to obtain other digital assets (e.g., XRP, ADA, or SOL) through means like seizure or confiscation, I think this kind of storage would be acceptable, which is fundamentally distinct from actively purchasing these assets in the open market."
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"The 'Ethereum ICO 560,000 ETH Ancient Whale' transferred 6022 ETH to an Ethereum Foundation-associated address 2 hours ago."
On March 4th, as monitored by @ai_9684xtpa, the "Ethereum ICO 560K ETH Ancient Whale" transferred 6022 ETH to an address associated with the Ethereum Foundation two hours ago, approximately $12.34 million. The funds are currently not being moved or interacted with.
This ICO whale had previously distributed ETH to 4 addresses. A total of 105,522 ETH was transferred to the current address over the past two years, and it was mostly used for various LRT protocol staking.
Currently, there are still 280K ETH with a cost basis as low as $0.31 stored in three addresses:
· Multi-sig address 0x207...6a7f7, holding 139,678 ETH.
· Multi-sig address 0xe08...5ca18, holding 55,000 ETH.
· Address 0x22d...01246 (that is, the Ethereum Foundation associated address), holding 85,622 ETH. This address previously received a transfer of 4 million DAI from the Ethereum Foundation on May 10, 2022.
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Story Ecosystem RWA Protocol Aria Announces Tokenization of Maroon 5 and Katy Perry Classic Tracks
On March 4th, the Story Eco IP RWA protocol Aria announced the acquisition and tokenization of a portion of the music copyrights of the popular music superstars Maroon 5's "Nobody's Love" and Katy Perry's "Daisies". In the past month, Aria has acquired the music copyrights of artists like Blackpink, BTS, and Aespa to expand its music asset library, aiming to provide users with a more diverse music IP RWA investment portfolio. Maroon 5 has won 3 Grammy Awards, and its global record sales have exceeded 135 million. Katy Perry has sold over 100 million records and has multiple diamond-certified hit singles.
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Binance will delist ATA/BTC, CATI/FDUSD, and other leveraged trading pairs
On March 4th, as per an official announcement, Binance will remove the following leverage trading pairs on March 11, 2025, at 14:00 (GMT+8). These pairs are:
- Cross Margin: CATI/FDUSD
- Isolated Margin: ATA/BTC, CATI/FDUSD, XAI/FDUSD.
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