South Korea’s People Power Party has filed a bill to remove digital asset taxation from the Income Tax Act, targeting full repeal of the crypto tax scheduled for 2027. The opposition Democratic Party, which holds a National Assembly majority, is reviewing the proposal after an estimated $110 billion reportedly left local exchanges amid a planned 22% levy on gains above 2.5 million won (about $1,781).

Animoca Brands on March 19 announced a strategic investment and partnership with Ava Labs aimed at accelerating adoption of Avalanche-based projects across Asia and the Middle East. AVAX traded around $9.41, down 3% over the past 24 hours, as the token stayed under $10 amid broader market sell-off pressure.

Bitcoin was rejected near $76,000 earlier in the week and later slipped into the mid $69,000s, while broader sentiment shifted back to extreme fear. Ethereum and XRP also moved lower and broke key support levels as liquidations topped $500 million. Separately, Playnance said its newly launched GCOIN reached an $80 million fully diluted valuation in under 24 hours and is aiming for a $100 million milestone.

Zcash (ZEC) retreated on Thursday, sliding nearly 10% and dipping to around $239 after rallying to a multi-month high near $280. The move was framed as broad profit-taking amid a risk-off tone across crypto markets, putting the $240 area and a psychological $230 level in focus for bulls.

Crypto asset investment products recorded about $1.06 billion of net inflows last week, extending a three-week streak to roughly $2.2 billion. Bitcoin accounted for around 75% of the weekly total (about $793 million), while on-chain data for March 9–15 showed about $19,200 in Banana Gun bot fees with ETH at roughly 50.5% and BSC near 36%.

On March 18, crypto markets weakened as spot ETF flows flipped to net outflows and leveraged positions were forced out. Bitcoin ETF products saw about $129.6 million in net outflows while Ethereum ETFs recorded roughly $55.5 million, alongside $588.1 million in liquidations over the past 24 hours. Bitcoin traded near $69,000 and Ethereum fell below $2,200 as longs made up most of the wipeout.

South Korea's main opposition party has proposed eliminating a crypto income tax that is scheduled to take effect in 2027, framing the move as a fairness issue for investors. The plan would have imposed a maximum 22% levy on crypto trading profits above 2.5 million won (about $1,665).

Gold (XAU/USD) stabilizes at $4,850 on March 19, 2026, after a sharp Fed-driven sell-off. With $100 oil and the Strait of Hormuz conflict ongoing, discover if the $4,802 hammer candle signals a fresh rally toward $5,000.