Crypto Daily Brief - March 4, 2025
Trump Tariff New Policy:
Starting March 4, a 25% tariff will be imposed on imports from Canada and Mexico, and tariffs on Chinese goods will rise from 10% to 20%.
The stock market reacted sharply, with all three major indexes falling, and chip stocks like Nvidia and Arm dropping over 8%.
Cryptocurrency Market Volatility:
Bitcoin continues to decline, exploring bottom support, while altcoins perform worse, with most hitting new lows.
CZ and Little Luo Controversy:
CZ faced backlash for retweeting Little Luo's meme coin, as Little Luo has a history of scamming, requiring caution with celebrity tokens in the crypto space.
FTX Fund Dynamics:
FTX/Alameda has un-staked 3.03 million SOL, transferring funds to multiple wallets.
Privacy Security New Developments:
The privacy security computing network @nillionnetwork announced the launch of its mainnet in March.
BlackRock Fund Outflows:
BlackRock IBIT has seen a net outflow for 6 consecutive days, with $81.85 million flowing out yesterday.
Ethereum L2 New Developments:
Zora launched its native token ZORA, with a total supply of 10 billion coins, set to list in spring, and a snapshot has been taken.
U.S. Cryptocurrency Policy:
The House Republican Party has formed a core group on cryptocurrency to promote friendly policies.
The SEC has agreed to withdraw its lawsuit against Kraken.
$RED Coin Price Volatility:
$RED canceled its pre-market plan, spiking last night before retreating, influenced by market panic.
Market Tips:
Bitcoin is testing the bottom, with strong support in the 75,000-80,000 range.
Market sentiment is low, awaiting major signals or favorable policies from the crypto conference.
Buy-the-dip strategy, firmly believing in a promising bull market ahead.
