According to CoinGlass data, on March 29, the cryptocurrency market experienced a liquidation amount of $98.2933 million in the past 24 hours, with long positions liquidating $65.2579 million and short positions liquidating $33.0354 million. The liquidation amounts for BTC and ETH were $23.2374 million and $24.1653 million, respectively, with a total of 60,849 people liquidated. The largest single liquidation was $2.1537 million, occurring in the BCHUSDT trading pair.

According to CoinGlass data, on March 27, the total liquidations in the cryptocurrency market over the past 24 hours reached $498 million, with long positions dominating. BTC and ETH had liquidations of $209 million and $136 million respectively, affecting a total of 126,417 people. The largest single liquidation was $6.3388 million.

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

Hong Kong's Secretary for Financial Services and the Treasury, Paul Chan, stated that the number of digital yuan wallets is growing steadily, with approximately 80,000 accumulated wallets. The People's Bank of China and Hong Kong Monetary Authority are exploring wallet upgrades to enhance usage limits and user experience. Meanwhile, stablecoins and central bank digital currencies have multiple payment application potential under compliance frameworks.

Gate News reported that on March 22, the Governor of the People's Bank of China, Pan Gongsheng, stated at the 2026 Annual Meeting of the China Development Forum that the bank will continue to implement a moderately loose monetary policy, comprehensively utilizing multiple monetary policy tools such as the deposit reserve requirement ratio, policy interest rates, and open market operations to maintain ample liquidity. (China News Service)

March 20th, Gate News reported that over the past 24 hours, the entire network's liquidations reached $311 million, with long liquidations at $200 million and short liquidations at $111 million. Both long and short positions in Bitcoin and Ethereum experienced liquidations to varying degrees, with a total of 103,431 people globally being liquidated. The largest single liquidation occurred in the XYZ:GOLD-USD trading pair, valued at $3.675 million.

Gate News report: On March 19th, a certain cryptocurrency exchange has laid off approximately 30% of its workforce since the beginning of the year, bringing total employee count down to around 445 people. The exchange has simultaneously introduced AI tools to enhance operational efficiency. Financial reports show that the exchange posted losses of approximately $585 million for the full year 2025, with Q4 revenue of around $60 million, though losses further expanded. Previously, the exchange had announced a 25% workforce reduction and exited the UK, EU, and Australian markets, while also making adjustments to several key executives.

Odaily Planet Daily News: JPEX, an unlicensed virtual asset trading platform, was revealed in 2023 to be involved in suspected fraud. Multiple artists, celebrities, and influencers allegedly committed fraud by deceiving investors into losing their assets. According to the latest case developments disclosed by Hong Kong media Wen Wei Po, two suspected money launderers involving approximately HK$26.4 million have been brought to District Court in two separate cases. The prosecution confirmed that sentencing notices have been issued and recorded by the court. Judge Kau King-sau adjourned the two cases to March 31 and April 9 respectively for further hearing. According to reports, as of now, the police have prosecuted 16 people in this case. (Hong Kong Wen Wei Po)

ChainCatcher News: According to Golden Ten, U.S. President Trump stated in an exclusive interview with The New York Times that he has decided who to nominate as the next Federal Reserve Chair, but did not disclose the specific candidate. He mentioned "I have already made a decision in my mind" and said he has not yet discussed it with anyone. Trump called his chief economic advisor Hassett "absolutely one of the people I like." The prediction market Kalshi shows that Kevin Warsh has a 41% probability of becoming Federal Reserve Chair, Kevin Hassett has 39%, and Christopher Waller has 12%.

BlockBeats News: On January 8th, Ethereum founder Vitalik Buterin posted an analogy comparing Ethereum's vision and positioning. Ethereum is similar to BitTorrent (a peer-to-peer network), which combines decentralization with large-scale applications. Ethereum's goal is to do the same thing but add a consensus mechanism. Ethereum is also similar to the Linux operating system. Linux is free and open-source software that never compromises and is silently relied upon by billions of people and enterprises globally, with governments also frequently using it. Many Linux-based operating systems pursue mass adoption, while there are also highly pure, minimalist, and technically elegant Linux distributions (such as Arch) that focus on making users feel empowered rather than comfortable. We must ensure that Ethereum L1 serves as the foundation for finance (and eventually including identity, social