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."
7 minutes ago
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."
7 minutes ago
Analyst: Bitcoin's Long-Term Recovery Depends on Nasdaq 100's Upside Potential
March 4th: Presently, in the cryptocurrency market, all the gains have been wiped out subsequent to President Trump's announcement of the U.S. Cryptocurrency Strategic Reserve. It has plummeted by more than 14.7% within the past 24 hours and reached $2.64 trillion.
The factors that have led to the recent drop in cryptocurrency prices might involve: the intensification of the U.S.-China trade war; investors seeking safe-haven assets as both U.S. stocks and crypto assets continuously show a correlation; the 50-week Simple Moving Average (SMA) facing strong resistance, which may potentially impede the recovery efforts.
Analyst Stefan Luebeck holds the view that: "Considering the close correlation between BTC and U.S. tech stocks, Bitcoin's long-term recovery depends on the Nasdaq 100's capacity to rise. After Nvidia officially entered a bear market, Bitcoin and the cryptocurrency market have also been affected."
7 minutes ago
Over the past two weeks, over 25,000 bitcoins have been withdrawn from the exchange platform
On March 4th, according to on-chain analyst @ali_charts, in the past two weeks, more than 25,000 bitcoins have been withdrawn from exchanges.
7 minutes ago
The Japanese government denies guiding the depreciation of the yen
March 4th: In response to US President Trump's assertion that Japan has been guiding currency depreciation, the Japanese government refuted this on the 4th. When explaining the reason for taxing Japan at the White House on the 3rd, Trump stated that Japan has been guiding currency depreciation, putting the US in a "very unfair disadvantage."
Trump claimed that he would use taxes to "promptly and effectively achieve fairness." In response, Japanese Chief Cabinet Secretary Hirokazu Matsuno said at a press conference on the 4th that Japan has not pursued a policy to guide the depreciation of the yen.
Relevant parties in Japan will continue to have close consultations with US Treasury Secretary Yellen. Japanese Finance Minister Taro Aso also stated that Japan has not pursued a yen depreciation policy, and the Japanese government and the central bank have been trying to correct the trend of yen depreciation and dollar appreciation through exchange rate intervention since 2022. (Jinshi)
7 minutes ago
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