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.

Figure CEO Brett Adcock announces the establishment of new AI lab Hark, aimed at developing the world's most advanced personal intelligence, integrating multimodal models with customized hardware. Hark has been operating in stealth for 8 months, with plans to release its first AI model in summer. The team comprises approximately 45 people, with plans to expand to 100, and has entered into a computing power collaboration with Nvidia. Adcock has previously founded multiple startups, while Figure continues to operate independently.

South Korea's People Power Party held a closed-door meeting with major cryptocurrency exchange representatives on March 23 to discuss abolishing the virtual asset taxation system scheduled for implementation in 2027, and to hear proposals on stablecoin issuance and legislation. Floor leader Song Eon-suk has already proposed amendments to the Income Tax Act to address the double taxation issue.

Bitcoin mining difficulty decreased by 7.76% on March 21 to 133.79 T, marking the second-largest decline this year. JPMorgan analysts predict that Bitcoin mining costs have fallen to $77,000, still higher than spot prices. More and more mining companies are pivoting their infrastructure toward AI computing power. Core Scientific plans to sell Bitcoin holdings in 2026 to fund AI expansion, while Bitdeer has liquidated its Bitcoin positions. Multiple companies are formulating diversification strategies.

Gate News report: On March 21, the 2026 Alliance Work Conference and First Phase Ecosystem Activity of the National Artificial Intelligence Application Pilot Base (Energy Sector, Power Direction) was held in Guangzhou. Eight enterprise institutions, including South China Grid Digital Group AI Research Center, Huawei, ZTE, and Baidu, were officially inducted as the first batch of representatives into the pilot base.

Gate News 消息，3 月 18 日，ShapeShift 创始人 Erik Voorhees 针对美 SEC 发布加密资产解释性指引公开表态，认为此次指引的意义在于 SEC 承认自身权力边界。Erik Voorhees 对比 Gensler 执政期间对实用代币的大规模执法行动，指出当时导致创业者设计实用型代币的意愿大幅下降，转而催生了大量

March 18th, Alibaba Cloud announced price increases for its AI computing power and storage products of up to 34% due to a global surge in AI demand and supply chain cost increases. Computing cards and file storage products also saw significant price hikes. This round of price increases is primarily driven by a surge in Token invocation volumes, with Alibaba Cloud prioritizing the fulfillment of AI computing power demand for Token services.

Decentralized GPU computing infrastructure provider Aethir officially launched its managed Kubernetes service on March 17, aimed at expanding into enterprise-grade AI infrastructure. The service supports rapid cluster deployment, is compatible with the latest GPUs, and starts at $1.45/hour with enterprise-level security guarantees. Through cost optimization, Aethir has provided computing power services across 95 countries globally, serving 150 enterprise customers.

Gate News report states that on March 17, Tether's QVAC Fabric launched the world's first cross-platform LoRA fine-tuning framework for Microsoft BitNet (1-bit LLM), significantly lowering the threshold for VRAM and computing power required for large model training. The framework supports LoRA fine-tuning and inference acceleration on Intel, AMD, Apple Silicon M series, and mobile GPUs (including Adreno, Mali, and Apple Bionic).

The U.S. Department of Justice disclosed that Los Angeles County former deputy sheriff Koberger was sentenced to 63 months in prison for his involvement in cryptocurrency extortion and false law enforcement. The case involves abuse of police power and commercial extortion, reflecting the risks of law enforcement personnel participating in cryptocurrency industry crimes. Related individuals are still under investigation.