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New York Stock Exchange listed company Cango increases its holdings by 472 Bitcoins, bringing the total holdings to 1,944 Bitcoins

4 hours ago

On March 4th, as per Cointelegraph, the New York Stock Exchange-listed car trading service provider Cango augmented its holdings by 472 bitcoins, raising its total holdings to 1,944 bitcoins. Previously, BlockBeats reported that the car trading service provider Cango entered the Bitcoin mining domain in November 2024, investing $400 million to acquire 50 EH/s of hash rate and promptly becoming one of the largest miners in the world, accounting for approximately 6% of the hash rate behind Bitcoin. For reference, the world's largest publicly traded miner MARA Holdings (MARA) has a slightly over 47 EH/s hash rate, with the second-largest CleanSpark (CLSK) and Riot Platforms (RIOT) having 32 EH/s and 26 EH/s respectively.
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Tako Chat Flash Interview with Du Jun and Mable Jiang will start at 10:00 on March 7th.

On March 4th, Tako Official is scheduled to conduct a flash interview with Du Jun on March 7, 2025 (this Friday) from 10:00 to 18:00 in Beijing time on the Tako platform. The specific "Circle" where the interview will take place is "Web3 People's Stories." The interview will mainly focus on but not be restricted to Du Jun's original intention for initiating donation activities, the types of teams the incubator hopes to support, and the legacy he desires to leave in the crypto world. Tako sincerely extends an invitation to Tako community users and Du Jun fans to use the ZK anonymous feature on the Tako platform to pose questions. The deadline for submitting questions is set at 6:00 PM on March 6, 2025. The AMA host will select 8 community questions based solely on the quality of the questions and share a prize pool of 1000U. Questions can still be submitted after the deadline, but they will not be eligible for rewards. Perhaps your anonymous question has the potential to inspire hundre

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KiloEx will conduct its TGE on March 17th

On March 4th, KiloEx, a perpetual contract DEX funded by YZi Labs, officially issued a tweet announcing that its TGE (Token Generation Event) will be held on March 17th.

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The probability of the Fed keeping interest rates unchanged in March has decreased to 89%.

On March 4th, according to CME's "FedWatch Tool": The likelihood of the Fed keeping interest rates unchanged in March has decreased to 89%, while the probability of a 25-basis-point rate cut has increased to 11%.

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Traders Increase Fed Rate Cut Bet, Market Fully Prices in Three Cuts by 2025

On March 4th, traders have increased their wagers on a Fed rate cut. The market is now fully anticipating three rate cuts by 2025. (FXStreet)

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Du Jun: The paper loss from increasing Ether holdings over the past year has exceeded $20 million, with no plans to "cut loss."

On March 4th, Du Jun, a co-founder of ABCDE, posted on social media and said, "As of today, Ethereum has returned to $2000. I have done the calculations. After increasing my Ethereum holdings over the past year, I have suffered a paper loss of more than $20 million." "I will not panic and sell. I continue to have confidence in the Ethereum ecosystem and its value to the industry. I am considering selling other assets at a certain time to increase my Ethereum holdings and reduce the average holding cost."

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Opinion: Trump is biased towards certain tokens, but will expedite ETF approval for altcoins like SOL, XRP

March 4th: After Trump announced the inclusion of XRP, ADA, and even SOL in the strategic crypto reserve, he has faced strong criticism from industry insiders. Nevertheless, Chris Chung, the founder of the Solana ecosystem DEX Titan, pointed out that the current matter is whether we will witness some practical details regarding crypto legislation in the near future. He further elaborated: "It is evident that President Trump of the US is currently the driving force behind the trends in the crypto market, and he is undoubtedly favoring certain crypto tokens. However, I believe that a vote of confidence from the US government may accelerate the approval of meme coin ETFs, including Solana, XRP, and other tokens awaiting SEC decisions."

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