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Coinbase Chief Product Officer Calls for Revision of Cryptocurrency Tax Regulations, Arguing That Treating Crypto Assets as "Property" Hinders Adoption, with Customer Inquiries Increasing by 34%. Recommends Exempting Small Transactions to Reduce User Burden.

Former Governor of the People's Bank of China, Zhou Xiaochuan, pointed out at the Boao Asia Forum that payment systems should prioritize "adaptation," emphasizing that regulation must prevent issues such as money laundering and fraud. He mentioned that while digital currencies are being used, they have also become tools for fraud, and stablecoins make compliance checks more complicated. He called for a rational view of cryptocurrencies and blockchain technology.

Deep Tide TechFlow News, on March 27, renowned trader Peter Brandt, who successfully predicted the 2018 Bitcoin crash, posted on social media this morning that Bitcoin's current trend is forming a Rising Wedge pattern and may trigger a sell signal.

On March 27, Cointelegraph reported that Jack Mallers' Twenty One Capital became the second-largest Bitcoin treasury company, holding 43,514 BTC with a market value of over $2.9 billion. Mining company MARA dropped to third place after selling 15,133 BTC to repay debt, with analysts warning about the risks of debt-driven strategies.

Written by: Nina Bambysheva, Forbes
Translated by: Luffy, Foresight News
Over the past 15 years, the crypto industry has made ordinary users endure extremely cumbersome processes. Just to complete a transfer, users need to remember 12 mnemonic words, understand Gas fees, and accept the reality that a wrong pasted address could lead to permanent asset loss.
But now, the industry has finally found a rationale for this architecture: cryptocurrencies were not designed for humans from the start; their true users are machines. Those tireless robots that don’t care about poor interfaces, won’t lose mnemonic phrases, and don’t need seasoned traders to explain the differences between Base, Polygon, and Optimism.
Coinbase co-founder and CEO Brian

U.S. stocks plunged sharply due to external shocks, with the Nasdaq entering correction territory. Gold, on the other hand, also fell significantly, and market concerns about future Federal Reserve rate hikes intensified. Oil prices rebounded to $107, but Bitcoin dropped below $70,000. Trump delayed the timing of strikes on Iran, and the market's reaction was muted, with confidence being tested. Overall, the market is becoming increasingly uneasy, and trust in the possibility of a ceasefire is gradually diminishing.

Elon Musk's xAI has launched the paid subscription plan SuperGrok for the Grok chat robot, available in three tiers, with prices ranging from $10 to $300 per month, offering different features and query limits. Free and basic users will continue to use Grok 3 but with restrictions on query volume and features.

Cryptocurrency market data provider Kaiko reports that the monthly spot trading volume of euro-denominated stablecoins has decreased from nearly $200 million at the beginning of 2024 to about $100 million, a decline of nearly 50%. EU regulatory regulations have failed to promote substantial trading, and traders are more inclined to use USD stablecoins. Tether and EURA have ceased related operations, while market activity for USD stablecoins is accelerating.

U.S. Treasury Secretary Janet Yellen denied the Financial Times' report about increasing the Treasury Department's oversight of the Federal Reserve, calling it false information, accusing FT of fabricating stories and damaging its journalistic credibility. This incident reflects the tense relationship between the Trump administration and the Federal Reserve.