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On March 29, the Turkish Parliament removed the tax provisions related to cryptocurrency assets during the review of a comprehensive bill. The provisions had initially proposed a 0.3% transaction tax on cryptocurrency trades conducted through service providers and a withholding tax on cryptocurrency gains. This adjustment was made in response to strong opposition from the opposition parties. Officials stated that the related content may be reintroduced in the future as separate legislation.

[Turkey Removes Cryptocurrency Tax Provision Initially Proposed at 0.3% Transaction Tax]On March 29, the Turkish Parliament removed the tax provisions related to cryptocurrency assets during the review of a comprehensive bill. The provisions had initially proposed a 0.3% transaction tax on cryptocurrency trades conducted through service providers and a withholding tax on cryptocurrency gains. This adjustment was made in response to strong opposition from the opposition parties. Officials stated that the related content may be reintroduced in the future as separate legislation.

Turkey Removes Cryptocurrency Tax Provision Initially Proposed at 0.3% Transaction Tax

On March 29, it was reported that after more than two months of detention of Chen Zhi, the founder of Cambodia's Prince Group, the UK has further imposed sanctions on a Southeast Asian fraud network, which includes Hu Xiaowei, closely associated with Chen Zhi. The sanctions document released by the UK refers to Hu Xiaowei as 'Wu Anming,' stating that he is linked to Chen Zhi and the Prince Group, and is described as 'a long-term collaborator of Chen Zhi' who provides financial services, economic resources, and technical support. It is reported that the cryptocurrency trading platform 'New Coin' has also been sanctioned; New Coin is considered one of the largest illegal markets in Southeast Asia, providing cryptocurrency services to fraud centers, including the sale of stolen personal data and satellite internet equipment used to contact victims. (Caixin)

[Caixin: Hu Xiaowei, Associated with Cambodia's Prince Group, Sanctioned by the UK]On March 29, it was reported that after more than two months of detention of Chen Zhi, the founder of Cambodia's Prince Group, the UK has further imposed sanctions on a Southeast Asian fraud network, which includes Hu Xiaowei, closely associated with Chen Zhi. The sanctions document released by the UK refers to Hu Xiaowei as 'Wu Anming,' stating that he is linked to Chen Zhi and the Prince Group, and is described as 'a long-term collaborator of Chen Zhi' who provides financial services, economic resources, and technical support. It is reported that the cryptocurrency trading platform 'New Coin' has also been sanctioned; New Coin is considered one of the largest illegal markets in Southeast Asia, providing cryptocurrency services to fraud centers, including the sale of stolen personal data and satellite internet equipment used to contact victims. (Caixin)

Caixin: Hu Xiaowei, Associated with Cambodia's Prince Group, Sanctioned by the UK

On March 29, this week, an Iranian official outlined a list of demands to end the war, one of which was previously unmentioned: the recognition of Iran's sovereignty over the Strait of Hormuz. According to CNN, if Iran successfully establishes a toll system in the strait, its revenue could rival that of Egypt's Suez Canal. Typically, about 20 million barrels of crude oil and petroleum products pass through the Strait of Hormuz daily, roughly equivalent to the capacity of 10 Very Large Crude Carriers (VLCCs). Reports indicate that Iran seeks to charge $2 million per tanker, which would mean that just from oil, it could generate about $20 million daily, or approximately $600 million monthly. If liquefied natural gas transport is also included, this figure could rise to over $800 million per month, accounting for 15%-20% of Iran's monthly oil export revenue in 2024. In comparison, Egypt earns between $700 million and $800 million monthly from the Suez Canal, although its revenue has significantly declined over the past year due to disruptions in Red Sea shipping.

[US Media: Iran's Potential Toll System in the Strait Could Rival Suez Canal Revenue]On March 29, this week, an Iranian official outlined a list of demands to end the war, one of which was previously unmentioned: the recognition of Iran's sovereignty over the Strait of Hormuz. According to CNN, if Iran successfully establishes a toll system in the strait, its revenue could rival that of Egypt's Suez Canal. Typically, about 20 million barrels of crude oil and petroleum products pass through the Strait of Hormuz daily, roughly equivalent to the capacity of 10 Very Large Crude Carriers (VLCCs). Reports indicate that Iran seeks to charge $2 million per tanker, which would mean that just from oil, it could generate about $20 million daily, or approximately $600 million monthly. If liquefied natural gas transport is also included, this figure could rise to over $800 million per month, accounting for 15%-20% of Iran's monthly oil export revenue in 2024. In comparison, Egypt earns between $700 million and $800 million monthly from the Suez Canal, although its revenue has significantly declined over the past year due to disruptions in Red Sea shipping.

US Media: Iran's Potential Toll System in the Strait Could Rival Suez Canal Revenue

On March 29, U.S. Vice President Vance stated in an interview on March 27 regarding the situation in Iran that the U.S. has no intention of remaining in Iran and will withdraw quickly after addressing current matters. He added that there is every reason to believe that the U.S. has completed all its military objectives. The ongoing military actions are due to President Trump's desire to ensure that Iran completely loses its capability to threaten the U.S. Regarding the recent rise in domestic oil prices, Vance indicated that this is a very brief market reaction to the U.S.-Iran conflict, and that oil prices will decrease after the U.S. withdraws from Iran. (CCTV International News)

[U.S. Vice President States No Intention to Remain in Iran, Will Withdraw Soon]On March 29, U.S. Vice President Vance stated in an interview on March 27 regarding the situation in Iran that the U.S. has no intention of remaining in Iran and will withdraw quickly after addressing current matters. He added that there is every reason to believe that the U.S. has completed all its military objectives. The ongoing military actions are due to President Trump's desire to ensure that Iran completely loses its capability to threaten the U.S. Regarding the recent rise in domestic oil prices, Vance indicated that this is a very brief market reaction to the U.S.-Iran conflict, and that oil prices will decrease after the U.S. withdraws from Iran. (CCTV International News)

U.S. Vice President States No Intention to Remain in Iran, Will Withdraw Soon

On March 29, The Washington Post reported that the Trump administration has been wavering between declaring the end of war and threatening to escalate it. The White House press secretary previously warned that if Iran does not abandon its nuclear ambitions and cease threats against the U.S. and its allies, Trump is "prepared to launch devastating strikes" against it. According to U.S. officials, discussions within the Trump administration over the past month included the possibility of seizing Hark Island, a key Iranian oil export hub in the Persian Gulf, as well as conducting raids in other coastal areas near the Strait of Hormuz to search for and destroy weapons that could be used to attack commercial ships and naval vessels. According to PolyBeats monitoring, the probability that Hark Island will no longer be under Iranian control by the end of the month is 3%, and the probability by the end of April is 30%.

[Trump Administration Discussed Seizing Hark Island]On March 29, The Washington Post reported that the Trump administration has been wavering between declaring the end of war and threatening to escalate it. The White House press secretary previously warned that if Iran does not abandon its nuclear ambitions and cease threats against the U.S. and its allies, Trump is "prepared to launch devastating strikes" against it. According to U.S. officials, discussions within the Trump administration over the past month included the possibility of seizing Hark Island, a key Iranian oil export hub in the Persian Gulf, as well as conducting raids in other coastal areas near the Strait of Hormuz to search for and destroy weapons that could be used to attack commercial ships and naval vessels. According to PolyBeats monitoring, the probability that Hark Island will no longer be under Iranian control by the end of the month is 3%, and the probability by the end of April is 30%.

Trump Administration Discussed Seizing Hark Island

On March 29, U.S. officials stated that the Pentagon is preparing for weeks of ground operations in Iran, as thousands of American soldiers and Marines arrive in the Middle East. This could mark a dangerous new phase of war if President Trump chooses to escalate the conflict. Officials indicated that any potential ground operations would not be a full-scale invasion but could involve coordinated raids by special operations forces and conventional infantry units. Such missions could expose U.S. personnel to a range of threats, including Iranian drones and missiles, ground fire, and improvised explosive devices. As of Saturday, it remains unclear whether Trump will approve or veto all or part of the Pentagon's plans. (The Washington Post)

[Pentagon Prepares for Weeks of Ground Operations in Iran]On March 29, U.S. officials stated that the Pentagon is preparing for weeks of ground operations in Iran, as thousands of American soldiers and Marines arrive in the Middle East. This could mark a dangerous new phase of war if President Trump chooses to escalate the conflict. Officials indicated that any potential ground operations would not be a full-scale invasion but could involve coordinated raids by special operations forces and conventional infantry units. Such missions could expose U.S. personnel to a range of threats, including Iranian drones and missiles, ground fire, and improvised explosive devices. As of Saturday, it remains unclear whether Trump will approve or veto all or part of the Pentagon's plans. (The Washington Post)

Pentagon Prepares for Weeks of Ground Operations in Iran

On March 29th, OpenClaw founder Peter Steinberger announced that the next version of OpenClaw will adopt MCP (Model Context Protocol). This will allow users to use it as an alternative to Anthropic's Message Channel Protocol, enabling connections to a wider range of message providers. Steinberger admitted that this adjustment is "slightly awkward," but it will significantly expand OpenClaw's message integration capabilities and ecosystem compatibility, supporting a variety of software from Microsoft Teams and Matrix to WhatsApp.

[OpenClaw Founder: Next Version to Adopt MCP]On March 29th, OpenClaw founder Peter Steinberger announced that the next version of OpenClaw will adopt MCP (Model Context Protocol). This will allow users to use it as an alternative to Anthropic's Message Channel Protocol, enabling connections to a wider range of message providers. Steinberger admitted that this adjustment is "slightly awkward," but it will significantly expand OpenClaw's message integration capabilities and ecosystem compatibility, supporting a variety of software from Microsoft Teams and Matrix to WhatsApp.

OpenClaw Founder: Next Version to Adopt MCP

On March 29th, according to Arkham monitoring, the whale known as '2TheMoon', which was previously liquidated for over $100 million, has re-entered the market. This whale had its positions liquidated at the end of 2024, involving an amount exceeding $100 million and accumulating a loss of approximately $15 million. Recently, its address deposited $400,000 into a Hyperliquid account and purchased 10,000 HYPE tokens, marking its re-entry. However, whether it can recover its previous losses remains to be seen.

[Whale '2TheMoon', Previously Liquidated Over $100M, Re-enters Market with $400K Deposit to HL Account]On March 29th, according to Arkham monitoring, the whale known as '2TheMoon', which was previously liquidated for over $100 million, has re-entered the market. This whale had its positions liquidated at the end of 2024, involving an amount exceeding $100 million and accumulating a loss of approximately $15 million. Recently, its address deposited $400,000 into a Hyperliquid account and purchased 10,000 HYPE tokens, marking its re-entry. However, whether it can recover its previous losses remains to be seen.

Whale '2TheMoon', Previously Liquidated Over $100M, Re-enters Market with $400K Deposit to HL Account

On March 29th, on-chain data platform Glassnode posted on X, stating that the current Bitcoin price is at the lower bound of the cost basis range for new investors ($60,000 - $70,000). Data shows that some degree of coin accumulation has occurred within this range, but the overall scale remains below historical levels typically required to drive strong rallies, with relatively weak coin density. The current accumulation structure is constructive in its formation but still lacks strength, and a clear upward momentum signal has not yet emerged.

[Glassnode: BTC Near Lower Bound of New Entrant Cost Basis, Lacking Upward Momentum Signal]On March 29th, on-chain data platform Glassnode posted on X, stating that the current Bitcoin price is at the lower bound of the cost basis range for new investors ($60,000 - $70,000). Data shows that some degree of coin accumulation has occurred within this range, but the overall scale remains below historical levels typically required to drive strong rallies, with relatively weak coin density. The current accumulation structure is constructive in its formation but still lacks strength, and a clear upward momentum signal has not yet emerged.

Glassnode: BTC Near Lower Bound of New Entrant Cost Basis, Lacking Upward Momentum Signal

The Grayscale Bitcoin Trust (GBTC) is drawing market attention after sister company Genesis Global Capital said its lending unit would halt customer withdrawals as a result of fallout from the collapse of Sam Bankman-Fried’s FTX crypto empire, Bernstein said in a research report Monday.
The situation at Genesis, however, does not directly affect GBTC, the report said. Even if Genesis is unable to raise liquidity for its lending book and files for bankruptcy, creditors would have no claim on GBTC assets.
The market is concerned that Grayscale could be “considered for strategic options in case of catastrophe,” the note said. But DCG, even in the most adverse scenario, would prefer to hold onto Grayscale over Genesis, it said. Greyscale is DCG’s “flagship business and its cash cow,” generating around $300 million a year in fees, according to Bernstein.

Detail

【Bernstein says Grayscale Bitcoin Trust is protected from fallout at sibling company Genesis Global 】The Grayscale Bitcoin Trust (GBTC) is drawing market attention after sister company Genesis Global Capital said its lending unit would halt customer withdrawals as a result of fallout from the collapse of Sam Bankman-Fried’s FTX crypto empire, Bernstein said in a research report Monday.
The situation at Genesis, however, does not directly affect GBTC, the report said. Even if Genesis is unable to raise liquidity for its lending book and files for bankruptcy, creditors would have no claim on GBTC assets.
The market is concerned that Grayscale could be “considered for strategic options in case of catastrophe,” the note said. But DCG, even in the most adverse scenario, would prefer to hold onto Grayscale over Genesis, it said. Greyscale is DCG’s “flagship business and its cash cow,” generating around $300 million a year in fees, according to Bernstein.

Bernstein says Grayscale Bitcoin Trust is protected from fallout at sibling company Genesis Global 

Article

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ETH broke through 2000  USDT

Bitcoin May Fall Below $60,000: Recovery to All-Time Highs Potentially Delayed to 2027 Amidst Whale Sell-offs

Bernstein says Grayscale Bitcoin Trust is protected from fallout at sibling company Genesis Global

Descargo de responsabilidad：El contenido anterior no representa las posiciones de HTX.，HTX no ofrece ninguna recomendación de trading.。

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