BlockBeats News: On March 26, former Base design lead Benji Taylor announced that he has joined the X platform and will lead the design team, looking forward to collaborating closely with Elon Musk, Nikita Bier, and other team members.

The South Korean People Power Party has proposed canceling the 22% cryptocurrency capital gains tax scheduled to take effect in 2027, arguing that the current tax system is immature and could create unfairness, particularly affecting young investors. The party is concerned that strict taxation will lead to capital outflows, with $110 billion already having left the market, impacting market activity. The bill is still under review, and its passage remains uncertain. If passed, it could boost market confidence and attract more investors.

Polymarket shows that the probability of crude oil reaching $90 by the end of March has risen to 82%, while the probability of reaching $100 has fallen to 36%. Trump mentioned that Iran may no longer develop nuclear weapons and the Strait of Hormuz could be managed by multiple parties, which could lead to oil price volatility. Market uncertainty about the Middle East situation has caused divergent expectations for oil prices.

Bitcoin bulls need to be vigilant about the sell-off risk signals from MACD indicators. Recent momentum weakness may lead to price pullbacks. Historical trends show that whenever MACD falls below the zero line, prices often experience significant declines. Given the tense geopolitical situation, traders should pay attention to changes in technical indicators, manage risks prudently, and maintain cautious trading practices.

March 23rd, two U.S. senators plan to introduce legislation to ban prediction market platforms from listing contracts related to sports events, arguing that these markets infringe on consumer rights and tribal sovereignty, and calling for state government regulation of gambling activities that may lead to youth addiction. This move could reshape the regulatory landscape for sports betting and prediction markets.

South Korean President Nominates Shin Hung-song, Director of Monetary Economics at the Bank for International Settlements, as Governor of the Bank of Korea. He previously expressed concerns about Korean won stablecoins, believing they could lead to capital outflows and impact financial stability. External observers are paying attention to any shifts in his stance on stablecoins after taking office.

Ethereum maintains its leading position in the L1 blockchain market with its leading Total Value Locked (TVL), continuously attracting concentrated capital and users. Its mature smart contracts and decentralized architecture enhance ecosystem depth, attracting institutional participation. Although other chains have advantages in efficiency and cost, Ethereum still leads significantly in stability and application composability. Future competition will revolve around performance and application scenarios.

Korean real-world asset platform K-Prop signed a memorandum of understanding on March 16 in Seoul, aimed at combining Korean real estate yields with decentralized Web3 finance. K-Prop Korea will be responsible for asset management, while K-Prop Limited will lead global expansion and smart contract development.

March 16 data shows that despite weak weekend trading volume in Perp DEX overall, open interest continues to rise. Hyperliquid and Aster continue to lead the way, with Hyperliquid's open interest reaching a one-month high. Trading volumes vary significantly across platforms over the past 24 hours.

Artificial intelligence's increased demand for electricity has raised concerns about Bitcoin mining security. As AI data centers generate higher revenue per megawatt than Bitcoin mining, miners are shifting toward AI. Cryptocurrency traders believe this could lead to a decline in Bitcoin's hash rate, increasing the risk of network attacks. However, Bitcoin developers argue that the difficulty adjustment mechanism will attract miners back to the network.