BitGo Announces Cryptocurrency Services Through European Subsidiary

March 3 — New York Fed President John Williams, a permanent voting member of the FOMC, said Wednesday that further interest rate cuts will “eventually be warranted” if inflation cools this year. Supported by a range of factors, U.S. GDP growth is projected to reach 2.5% in 2026, per FXStreet.

On March 3, per Bitget market data, U.S. stocks extended intraday declines further, with all three major indexes falling over 2% at one point. Current losses stand at 2.2% for the Dow Jones Industrial Average, 2.06% for the Nasdaq Composite, and 1.98% for the S&P 500.

On March 3rd, three newly created Bitcoin wallet addresses received a total of 1,298.46 BTC from Bitcoin custody firm BitGo, per LookOnChain monitoring data. The total value of the transfer amounts to roughly $86.4 million.

March 3rd: Per Bitget market data, spot gold has plunged 5.00% intraday, last trading at $5,053.57 per ounce. Spot silver is currently down 10.5%, with its price at $80 per ounce.

On March 3, per Bitget market data, U.S. stocks opened lower with the following key moves: - Dow Jones dropped 1.72% - S&P 500 fell 1.56% - Nasdaq slid 2.01% Crypto-related U.S. equities broadly declined, with notable performance of major players: - MicroStrategy (MSTR): -3.6% - Coinbase (COIN): -3.49% - Circle (CRCL): -4.69% - MARA Holdings (MARA): -3.66% - Riot Blockchain (RIOT): -6.06% - Bit Digital Immersion (BTBT): -2.5% - SuperBid Entertainment (SBET): -2.57%

March 3rd, Binance CEO Changpeng Zhao shared a message with the Middle East community: “To our Middle East community, recent events have saddened many. Please take care of yourselves and each other. This region is a second home to many Binance staff—including myself. Binance stands with you and is confident in the strength and resilience of this community. Please stay safe.” Public records show multiple crypto industry leaders, including Binance, have established permanent entities in the UAE. On March 1st, BlockBeats learned Binance issued a company-wide internal notice ordering all UAE-based employees to avoid outdoor activities, stay indoors, and prioritize personal safety. In the UAE, Iran launched hundreds of missiles and drones across the entire country. Most were intercepted by air defense systems, but some struck targets, causing casualties and facility damage: - Abu Dhabi’s Al Dhafra Air Base took a direct hit, leaving one dead and seven injured. - Dubai Interna