Gate Cryptocurrency News and Market Analysis

Gate News covers crypto market trends, price movements, project developments, and in-depth analysis to help you stay informed with essential crypto insights.
Gate Daily (March 5): Zerohash applies for a U.S. trust bank license; Paradex launches genesis airdrop

Gate Daily (March 5): Zerohash applies for a U.S. trust bank license; Paradex launches genesis airdrop

Bitcoin rebounded to $72,980 on March 5th. Zerohash has applied for a national trust bank license and plans to offer digital asset and other services. Paradex has launched a genesis airdrop and adjusted its tokenomics. Additionally, the US stock market rose supported by economic data, market sentiment is positive, and investors have a favorable outlook on Bitcoin's future.

Eric Trump: ABTC Bitcoin holdings exceed 6,500 coins, increasing by over 500 coins in 21 days

American Bitcoin (ABTC), under Eric Trump, has increased its Bitcoin holdings by over 6,500 coins within six months of listing and plans to further enhance mining capacity through expansion of its mining farms. The company's Q4 revenue grew by 22%, and it mined at a cost 53% lower than the market average. Additionally, ABTC's stock price rose by 13.11% following the announcement, in line with the performance of other stocks in the crypto market.
03-05 01:21
Market Whisper

Trump officially nominates Federal Reserve Chair candidate! Woz: Bitcoin is the new gold

Trump has nominated Kevin Wash to serve as Federal Reserve Chair for a four-year term, and he has also served as a board member for fourteen years. As a Bitcoin supporter, Wash's stance has attracted attention in the crypto market, but his confirmation process faces resistance from the Democratic Party, with the core issue being the preservation of the Federal Reserve's independence. Additionally, U.S. crypto asset regulation still has a vacuum, and a new CFTC commissioner is urgently needed.
03-05 01:10
Market Whisper

Why did Bitcoin rise today? Iran signals negotiations, Trump announces maritime energy trade insurance

Bitcoin broke through $72,000 on March 5, driven by three major macro factors: diplomatic contact between Iran and the US CIA, Federal Reserve officials supporting interest rate cuts, and US escorting oil tankers promising to reduce energy supply risks. Strong economic data further supported market risk sentiment.
03-05 00:59
Market Whisper

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The Federal Reserve announces "technological neutrality," aligning tokenized securities capital rules with traditional securities

The Federal Reserve has issued guidelines stipulating that banks should treat tokenized securities equally with traditional securities when calculating regulatory capital, emphasizing the principle of technological neutrality. No special legislation is required; banks can operate under the existing framework. This move provides a stable policy foundation for tokenization businesses, promotes market growth, and reduces compliance costs.
MarketWhisper·20m ago
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Why Ethereum’s Path to $2.5K Could Be Tougher—Here’s Why

Ether faced renewed selling pressure as global markets retreated and traders priced geopolitical risk into risk assets. After a brief move up to $2,200, ETH slipped roughly 6% in the session, as US equities cooled and oil and gas shipments in the Middle East disrupted supply lines. The macro
CryptoBreaking·20m ago

The IRS mandates electronic filing of crypto tax forms; those who refuse may face termination of their exchange accounts.

The IRS will introduce new regulations requiring cryptocurrency exchanges to submit 1099-DA tax forms electronically and eliminate the paper option. If customers refuse the electronic version, exchanges may terminate the relationship. The new regulation aims to improve tax compliance efficiency. The 1099-DA form records users' trading profits, while the cost basis remains the responsibility of the individual. This move has raised industry concerns and could impact the use of digital assets.
DEFI6,13%
MarketWhisper·25m ago
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Why did Bitcoin drop today? The US warns of a ground invasion in Iran, and Trump demands to lead the next Supreme Leader.

Bitcoin prices fluctuate due to escalating geopolitical tensions, dropping from $72,000 to $70,000 on March 6. Trump's tough rhetoric on the Iran situation, Iran's refusal to cease fire, and the U.S. military announcing increased strikes have heightened risk aversion. Market sentiment is divided, with some predicting Bitcoin will reach $80,000, but some analysts remain skeptical about a rebound. $72,000 is a key technical level; failure to break above it could lead to a drop toward $64,000.
MarketWhisper·34m ago
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Penguin Fashion Brand sues Pudgy Penguins for trademark infringement

PEI Licensing has sued the NFT project Pudgy Penguins in U.S. federal court for trademark infringement due to retail products like plush toys and clothing. Despite a cease and desist letter, Pudgy Penguins continued sales, potentially misleading consumers about its connection to the established Penguin brand. PEI seeks restitution for profits made from alleged infringement.
TapChiBitcoin·1h ago