The U.S. Senate Banking Committee Advances the "Financial Transparency and Regulatory Compliance Act"

On March 4th, market sources note the European Union (EU) will likely be exempt from the U.S.'s proposed universal 15% tariff hike. (Golden Ten)

On March 4, blockchain analytics platform Onchain Lens reported that GSR withdrew 3,000 ETH (valued at approximately $6.23 million) from Binance three hours earlier.

March 4 — Federal Reserve Governor Milan says a 1 percentage point rate cut this year is appropriate. (Xinhua News Agency) ### Notes on American English adaptation: 1. **Date format**: Uses "March 4" (common in U.S. news for numeric dates without trailing "th" in casual/concise contexts, though "March 4th" is also acceptable; the em dash after the date aligns with U.S. news style for attribution). 2. **Abbreviations**: "Fed" is the standard shorthand for "Federal Reserve" in U.S. financial news, but kept "Federal Reserve Governor" for clarity (if brevity is priority, could use "Fed Governor Milan" instead). 3. **Tone**: Uses the simple present "says" (common in U.S. news for breaking statements) instead of more formal verbs like "stated". 4. **Conciseness**: Shortened "interest rate cut" to "rate cut" (standard in U.S. financial discourse). 5. **Source attribution**: Kept "(Xinhua News Agency)" as is (U.S. news retains full agency names for non-domestic sources). If maximum

March 4 — Stablecoin infrastructure firm Cyclops has closed an $8 million funding round, with backers including Castle Island Ventures, F-Prime, and Shift4 Payments. The company’s valuation was not disclosed. Cyclops focuses on building a foundational layer to speed up stablecoin adoption. Co-CEO Alex Wilson said: “Our vision is to become the go-to platform for payment companies when developing various stablecoin solutions.”

March 4th – The ADP National Employment Report released Wednesday showed U.S. private-sector job gains beat expectations in February, though January’s data was sharply downwardly revised. Private payrolls rose by 63,000 last month, while January’s figure was cut from a previously reported 22,000 increase to 11,000. The data suggests the labor market has stabilized despite uncertainty tied to last year’s import tariffs. Labor market stability and persistent high inflation are seen as factors pushing the Federal Reserve to hold interest rates steady this month. Additionally, the U.S.-Iran aerial clash and Tehran’s retaliatory measures have driven up oil and gas prices, prompting traders to downgrade their expectations for rate cuts this year amid concerns the conflict could stoke inflation. The probability of a June rate cut has fallen sharply. The Fed held its benchmark overnight rate in the 3.50%-3.75% range in January. (FXStreet)

On March 4, monitoring by The Data Nerd indicates BlackRock withdrew 3,809 BTC (roughly $260 million) from Coinbase over the past 24 hours, while meanwhile receiving 19,637 ETH (about $39.74 million).