๐ Crypto Daily News โ March 4, 2025
1๏ธโฃ Trumpโs Tariff Hike Takes Effect
25% tariffs on all imports from Canada & Mexico start today.
Tariffs on Chinese goods doubled to 20%, citing fentanyl concerns. ๐บ๐ธ๐
2๏ธโฃ Stock Market Plunges Amid Tariff Shock
Dow -1.48% | S&P 500 -1.76% | Nasdaq -2.64%
Chip stocks tumble: NVIDIA (-8%), ARM (-8%), Intel (-4%).
3๏ธโฃ Crypto Market Correction Continues
Bitcoin retesting support after hype-driven rallies fade.
Alts struggle, many hitting new lows.
4๏ธโฃ FTX/Alameda Unstakes & Moves 3.03M SOL (~$431M)
Funds spread across multiple walletsโmarket impact uncertain.
5๏ธโฃ Nillion Network (@nillionnetwork) Announces Mainnet Launch in March
Privacy-preserving computation network gears up for launch.
6๏ธโฃ BlackRock's IBIT Sees $81.85M Outflows
6th consecutive day of ETF withdrawals.
7๏ธโฃ Ethereum L2 Zora Unveils $ZORA Token
Launching on Base, total supply 10B.
First snapshot taken on March 3; second snapshot 3 days before launch.
8๏ธโฃ Pro-Crypto Push in US Congress
House Republicans form Crypto Caucus to push friendly policies.
SEC drops lawsuit against Kraken.
9๏ธโฃ $RED Struggles Amid Market Fear
Hit $1.4 before retracing. Watching for potential buys if it drops below $1. ๐จ
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