South Korea's People Power Party Proposes Canceling Cryptocurrency Tax: Originally Set to Take Effect in 2027 with 22% Tax Rate

South Korea's People Power Party proposes to cancel the 22% cryptocurrency gains tax set to take effect in 2027, arguing that the current tax system is immature and may cause unfairness, particularly affecting young investors. The party is concerned that strict taxation will lead to capital outflows, with 110 billion dollars already flowing out, affecting market activity. The bill is still under review, and whether it will pass remains uncertain. If it passes, it could boost market confidence and attract more investors.

Bitcoin Depot Executive Reorganization, Core Business Revenue Expected to Decline 30% by 2026

Bitcoin Depot announced a leadership transition with former CEO Scott Buchanan and founder Brandon Mintz stepping down, replaced by Alex Holmes. This personnel change is related to regulatory issues the company is facing, with core business revenue expected to decline 30% to 40%. The market reacted clearly to the news with a sharp stock price decline. Analysts believe Holmes's experience may improve the company's situation, but revenue will remain affected in the short term.

A major whale has aggressively added to its BTC long position after its initial accumulation, with short-term holdings increased to $12.5 million.

According to Hyperinsight monitoring, on March 25th, a whale address beginning with 0x931 opened a BTC long position with 40x leverage at an average entry price of $71,023, with an initial position size of approximately 105.6 BTC. Subsequently, they added approximately $5 million more, bringing the cumulative position size to $12.5 million with an average price rising to $71,190. Currently, this position is showing a small unrealized loss of approximately $7,000.

Analyst: Three Key Factors Behind Bitcoin's Price "Outperforming Stocks"

Despite the ongoing Iran-Middle East conflict, Bitcoin's price remains relatively stable at approximately $71,000. Analysis indicates its resilience is supported by geopolitical risk hedging, Federal Reserve policy, and institutional investor interest. However, if it breaks below $67,500, it could form a weakening trend, requiring close attention to relevant market movements.

Bernstein Says Bitcoin Bottom In, Targets $150K in 2026

AllianceBernstein analysts suggest Bitcoin has likely bottomed after a significant decline, with no systemic failures noted. Steady institutional demand and ETF inflows above $56 billion support a bullish $150,000 year-end target, indicating market resilience despite macro pressures.