Market Update - Wednesday, March 4



- Precious metals continue to adjust, U.S. stocks closed lower, while Bitcoin remains stable above $68K amid ongoing Middle East tensions.
- At 8:15 PM today: ADP private sector employment change report for February is expected to show an increase of 50K, up from 22K previously.

ETF Spot Update as of March 3:
- Bitcoin is down $97.2 million, with no data from BlackRock.
- Ethereum is down $52.7 million, with no data from BlackRock.
- Solana is up $0.7 million.

- Former President Trump calls on banks to collaborate in advancing the Crypto Act for timely completion of the legal framework by Congress.
- CFTC Chairman states that crypto exchanges may legally trade perpetual contracts in the U.S. within the next month.
- Indiana has signed a bill prohibiting discriminatory taxation on crypto and including it in the state pension fund, effective July 1, 2026.
- Binance has launched seven AI agent features, allowing market data access, order placement, and smart money tracking on the platform.
- Visa and Bridge (Stripe) are expanding stablecoin-linked cards to over 100 countries by the end of the year, testing direct payments.
- Paraguay's national electricity company is utilizing 1,500 seized Bitcoin mining machines to initiate a government BTC mining project.
- Bitcoin mining company MARA denies rumors of liquidating its Bitcoin holdings, stating it seeks permission for flexible buying and selling based on market conditions.
BTC-1.44%
STABLE-4.07%
AT-0.75%
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