Crypto2Community https://crypto2community.com/ Crypto news and guides Thu, 19 Mar 2026 19:03:44 +0000 en-US hourly 1 https://wordpress.org/?v=6.7.1 https://crypto2community.com/wp-content/uploads/2023/06/cropped-logo-32x32.png Crypto2Community https://crypto2community.com/ 32 32 RAKBANK Introduces New Crypto Transaction Limits for UAE Customers https://crypto2community.com/crypto-news/rakbank-introduces-new-crypto-transaction-limits-for-uae-customers/ Thu, 19 Mar 2026 19:03:44 +0000 https://crypto2community.com/?p=90131 Highlights: RAKBANK will start new crypto buying limits for customers in the second quarter of 2026. The bank will set different crypto limits for Retail, Select, and Elite customers. The bank said customers can request higher limits, but approval will […]

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Highlights:

  • RAKBANK will start new crypto buying limits for customers in the second quarter of 2026.
  • The bank will set different crypto limits for Retail, Select, and Elite customers.
  • The bank said customers can request higher limits, but approval will depend on review.

RAKBANK, one of the oldest banks in the United Arab Emirates, has notified customers that it will introduce a new limit on how much they can use from their accounts for crypto purchases. The bank said this dedicated crypto transaction limit will take effect in the second quarter of 2026. According to the bank, the goal is to help customers trade with better control and keep their crypto investments safer and more manageable.

How RAKBANK’s New Crypto Limits Will Work

The bank will set different limits for each customer segment. Regular retail customers will get a crypto trading and investment limit of AED 240,000, or about $65,000. RAKBANK Select customers will receive a higher cap of AED 576,000, which is around $157,000. Elite customers will get the highest limit at AED 6 million, equal to nearly $1.6 million. With this move, RAKBANK is giving customers access to crypto while also putting clear boundaries in place.

RAKBANK
Source: RAKBANK

RAKBANK also explained how it will know when a customer goes over the crypto limit. The bank said it will add up how much money a person has spent on buying crypto and then subtract how much money they got back from selling it. If the amount left is higher than the limit set for that customer group, the bank will treat that account as being over the allowed level.

Customers who want a higher crypto limit can still ask the bank for one. But the bank will not approve it automatically. RAKBANK said customers may need to provide extra documents, including proof of where the money came from. This means some people may still be able to trade larger amounts, but only after the bank checks and approves the request.

RAKBANK Deepens Its Crypto Push With Trading and Stablecoin Plans

RAKBANK entered the retail crypto market in July last year through a partnership with Bitpanda. The bank launched the service in its mobile app with Bitcoin, Ethereum, Solana, and XRP. Customers could buy, sell, and swap crypto directly in UAE dirhams, helping them avoid foreign exchange charges linked to U.S. dollar or euro trades. They could also use funds from their savings or current accounts, which removes the need to transfer money to external crypto platforms. Bitpanda Broker MENA DMCC, Bitpanda’s Dubai-regulated affiliate, handles the trades. Since launch, RAKBANK has widened the offering, and its current crypto page now lists 20 major coins.

RAKBANK is continuing to build in crypto and digital payments. In January, the bank announced that it had received in-principle approval from the Central Bank of the UAE to issue an AED-backed stablecoin. RAKBANK said the project still needs to meet regulatory and operational requirements before launch, so the approval does not mean the token is ready to go live yet. The bank called the development an important step in its digital assets journey and said it highlights its focus on regulated, secure, and transparent financial products.

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Strive Acquires 317 Bitcoin, Boosting Holdings to 13,628 BTC https://crypto2community.com/crypto-news/strive-acquires-317-bitcoin-boosting-holdings-to-13628-btc/ Thu, 19 Mar 2026 17:10:33 +0000 https://crypto2community.com/?p=90125 Highlights: Strive has acquired 317 Bitcoin, pushing its total holdings to 13,628 BTC. Structured finance products facilitated the firm’s aggressive Bitcoin acquisition. Despite the Bitcoin growth, the firm has recorded a net loss of 393.6 million. Vivek Ramaswamy’s Strive has […]

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Highlights:

  • Strive has acquired 317 Bitcoin, pushing its total holdings to 13,628 BTC.
  • Structured finance products facilitated the firm’s aggressive Bitcoin acquisition.
  • Despite the Bitcoin growth, the firm has recorded a net loss of 393.6 million.

Vivek Ramaswamy’s Strive has moved into the global corporate Bitcoin race after adding 317 coins to its treasury. The purchase lifted total holdings to 13,627.9 BTC by March 17, 2026. As a result, the company entered the top 10 Bitcoin treasury holders worldwide, ahead of Tesla and CleanSpark.

Capital Deals and Acquisitions Formed Most of the Bitcoin Reserve

Since its September listing, Strive has built its reserve through several funding channels. First, private placement proceeds and a stock exchange transaction delivered 5,886 Bitcoin. Next, the Semler Scientific acquisition added 5,048 Bitcoin from an existing reserve. Then, capital markets activity supplied another 2,694 Bitcoin through offerings and at-the-market sales.

Management tied much of that growth to structured finance tools. In particular, the company leaned on its SATA perpetual preferred stock. That product trades on Nasdaq under its own ticker and targets a double-digit yield. In November, the initial SATA offering raised about $148 million in net proceeds.

Later, a follow-on deal in January added roughly $109 million. The company used part of that cash to support treasury growth and reshape debt. Earlier this month, it also bought $50 million of Strategy’s STRC preferred stock, increasing its exposure to Bitcoin-linked yield products.

Matthew Cole, the chairman and chief executive officer, noted that the company has proven its financing model early. According to him, the first six months have laid the foundation of a structured finance business focused on digital credit. He further added that SATA provides a liquid route to double-digit yield at reduced volatility.

Earnings Report Shows Loss Despite Bitcoin Gains

Despite the growth in holdings, the financial statements showed heavy pressure from market swings. Strive posted a GAAP net loss of $393.6 million for the period ending December. About $194.5 million came from unrealized Bitcoin losses as prices fell sharply. The cryptocurrency slid from an October high near $126,000 to about $72,000 by early 2026.

In addition, the Semler deal triggered $140.8 million in goodwill and intangible impairments. Transaction expenses added another $12.4 million to the final total. After those items, adjusted net loss attributable to common shareholders reached $208.2 million. That figure equaled $4.73 per diluted share after the reverse split.

Strive also highlighted a proprietary performance metric called “Bitcoin Yield.” This measure tracks the percentage change in Bitcoin per share. The company reported a 22.2% Bitcoin Yield in the fourth quarter. It also posted a 13.8% yield through mid-March 2026. Those figures translated into a Bitcoin gain of 1,305 coins in Q4 and 1,050 coins in 2026.

The company said its current Bitcoin holdings carry a market value near $944.3 million. It also holds $83.7 million in cash and equivalents. In addition, its STRC position carries a fair value of $50.4 million. Following the announcement of the earnings, the firm’s stock (ASST) has dropped by more than 2% to trade at $9.80 in early market trading. Furthermore, ASST has recorded a decline of 88% over the last 6 months.

ASST Price Chart: Google Finance

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BTQ Launches First BIP 360 Testnet for Quantum-Safe Bitcoin Transactions https://crypto2community.com/crypto-news/btq-launches-first-bip-360-testnet-for-quantum-safe-bitcoin-transactions/ Thu, 19 Mar 2026 16:38:34 +0000 https://crypto2community.com/?p=90121 Highlights: BTQ launched the first working BIP 360 testnet to explore quantum-safe BTC transactions. The separate test network lets developers and miners test changes without touching Bitcoin. BIP 360 adds P2MR format to help reduce future quantum-related security risks. BTQ […]

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Highlights:

  • BTQ launched the first working BIP 360 testnet to explore quantum-safe BTC transactions.
  • The separate test network lets developers and miners test changes without touching Bitcoin.
  • BIP 360 adds P2MR format to help reduce future quantum-related security risks.

BTQ Technologies, a quantum technology firm, has moved Bitcoin Improvement Proposal 360 (BIP 360) beyond the concept stage and into a live test environment. On Thursday, the company announced the launch of Bitcoin Quantum testnet v0.3.0, describing it as the first functional implementation of BIP 360. The upgrade is running on a separate blockchain, which means it is being tested away from the main Bitcoin network. That is important because developers, miners, and researchers can study it safely without affecting real Bitcoin. The main goal is to see how Bitcoin transactions could be protected in the future if quantum computers become strong enough to break today’s security systems.

BIP 360 Introduces P2MR for Quantum Safety

BIP 360 also introduces a new transaction format called Pay-to-Merkle-Root, or P2MR. This new output type is designed to reduce one of the biggest long-term concerns around Bitcoin’s Taproot system. Taproot helped expand Bitcoin’s functionality and supports tools and networks such as Ark, BitVM, and  Lightning. But BTQ argues that Taproot’s key-path spend can expose public keys on-chain, which could become a weakness if quantum computers eventually grow powerful enough to break current cryptography using Shor’s algorithm. 

BTQ says BIP 360 fixes the problem in a simpler way. It removes one part that could expose public keys and replaces it with a safer method based on the Merkle root. The release also brings several new tools and network changes. BTQ added SegWit v2 outputs, bc1z addresses, Merkle root checks, control block checks, and five Dilithium-based signature functions.

BTQ also changed how the testnet works. Version 0.3.0 now uses one-minute block times, a 5 BTQ block reward, and a halving every 2.1 million blocks. The company also enhanced Dilithium signature support and brought back the SegWit discount to more efficiently manage larger post-quantum signatures.

Olivier Roussy Newton, CEO of BTQ Technologies, described the launch as a major milestone in the company’s release. He said, “BIP 360 represents the Bitcoin community’s most significant step toward quantum resistance and we’ve turned it from a proposal into running code.” 

BTQ Shares Early Testnet Progress and Monetization Plan

BTQ also shared early numbers from the test network. The company said the Bitcoin Quantum testnet already has more than 50 miners and has processed over 100,000 blocks. This shows the network already has some real activity behind it. Because of that, the testnet may be useful for ongoing work on quantum-resistant Bitcoin tools.

The firm is also tying the project to a business plan. The company said it wants to launch a mining pool that would charge a 3% fee. It also plans to keep buying BTQ tokens for its corporate balance sheet. Next, the big thing to watch is whether more developers and miners actually start using the testnet. If more people test BIP 360, it could show the idea works in real conditions. Still, moving from a separate test chain to Bitcoin itself would be much harder and would need wider support.

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Ethereum Leverage Ratio Climbs to 75% on Binance, Volatility Concerns Grow https://crypto2community.com/crypto-news/ethereum-leverage-ratio-climbs-to-75-on-binance-volatility-concerns-grow/ Thu, 19 Mar 2026 14:42:11 +0000 https://crypto2community.com/?p=90115 Highlights: Ethereum leverage on Binance hits 75%, showing traders rely heavily on derivatives exposure. Ethereum open interest rises to $6.6B, but remains below October peak levels. Falling ETH exchange reserves push leverage higher and increase market risk. Ethereum’s Estimated Leverage […]

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Highlights:

  • Ethereum leverage on Binance hits 75%, showing traders rely heavily on derivatives exposure.
  • Ethereum open interest rises to $6.6B, but remains below October peak levels.
  • Falling ETH exchange reserves push leverage higher and increase market risk.

Ethereum’s Estimated Leverage Ratio on Binance has reached 0.751, marking a new high, according to CryptoQuant data. This level means that more than 75% of Ethereum trading exposure on Binance now relies on leverage. The ratio has also moved above the 0.55 level recorded before the October 10 market correction. That earlier period ended with a sharp downturn that triggered about $19 billion in liquidations across crypto markets.

Binance remains the only major exchange where Ethereum leverage has fully surpassed previous historical levels. Data shows that traders rebuilt leveraged positions quickly after the October deleveraging event. The increase occurred within a short timeframe and without a clear consolidation phase. This pattern shows that traders added exposure aggressively rather than gradually building positions.

CryptoQuant analyst MorenoDV explained that recent Ethereum price gains reflect strong activity in derivatives markets. He stated that futures positioning now drives price movements more than spot demand. He also noted that the rapid increase in leverage suggests that traders rely heavily on short-term positioning. This structure changes how the market reacts to price movements and new information.

Data also shows that Binance holds around 3.7 million ETH, which represents roughly 3% of Ethereum’s total circulating supply. This concentration highlights Binance’s role in both liquidity and derivatives activity. The combination of high leverage and concentrated supply increases the impact of positioning changes. As a result, activity on Binance can influence broader Ethereum market behavior.

Ethereum Rising Leverage Ratio and Falling Reserves Increase Liquidation Risk

CryptoQuant analyst Arab Chain stated that the recent leverage spike signals a high-risk phase in the Ethereum market. He explained that the Estimated Leverage Ratio usually moves within a stable historical range. The current reading has moved beyond that range, which increases sensitivity to price changes. This condition raises the probability of sharp price swings during periods of volatility.

He also noted that high leverage levels often create conditions for cascading liquidations. Even small price movements can trigger forced closures of positions on both sides of the market. Historical data shows that similar setups have led to rapid price drops and spikes. The October event remains a clear example of how leverage can amplify market moves.

Open Interest Rises While Falling Reserves Push Leverage Higher

Ethereum Open Interest on Binance has increased by approximately $1.5 billion since the beginning of the month, according to Coinglass data. The total Open Interest now stands at around $6.6 billion, reflecting steady growth in derivatives exposure. However, this figure remains well below the more than $12 billion recorded in October last year. This gap shows that the current leverage spike does not rely only on Open Interest expansion.

The Estimated Leverage Ratio rises when Open Interest is higher or when exchange reserves are lower. On-chain data indicate that Ethereum reserves in exchanges have reached the lowest levels in history. Institutions have been pulling ETH off exchanges and into staking contracts. The change enables them to generate income when they hold assets over a longer duration.

Reducing exchange reserves decreases the quantity of ETH that can be traded via centralized exchanges. This decrease may give rise to leverage ratios despite a stable trading activity. Hence, increasing derivatives exposure and a falling reserve are both contributing factors to the existing market setup.

Meanwhile, ETH is trading at $2,133, representing a 4.45% decrease over the past 24 hours. The market cap stands at $257.44 billion, while the trading volume has increased by 29.72% to $26.99 billion. Analysts at Crypto2Community expect ETH to hit $3,000 soon due to ETF inflows.

Ethereum Price Chart: CoinMarketCap

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Hyperliquid Price Prediction – HYPE Eyes $37 Support After Failure at Key Resistance  https://crypto2community.com/crypto-news/hyperliquid-price-prediction-hype-eyes-37-support-after-failure-at-key-resistance/ Thu, 19 Mar 2026 14:14:07 +0000 https://crypto2community.com/?p=90111 Highlights: HYPE fell with the broader crypto market as trading volumes jumped sharply. Hyperliquid’s expanding products and token burns continue to support long-term demand. Rejection at $42 resistance has shifted short-term focus toward the $37 support. Hyperliquid (HYPE), like the […]

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Highlights:

  • HYPE fell with the broader crypto market as trading volumes jumped sharply.
  • Hyperliquid’s expanding products and token burns continue to support long-term demand.
  • Rejection at $42 resistance has shifted short-term focus toward the $37 support.

Hyperliquid (HYPE), like the rest of the market, is in the red today. When writing, HYPE was trading at $39.69, down by 3.28% in the day. Like most cryptocurrencies, Hyperliquid trading volumes have shot up intraday. At press time, Hyperliquid trading volumes stood at $636.4 million, up by 77%.

The surge in volumes is reflective of panic selling as the broader market starts showing signs of a new leg down. However, compared to most altcoins, Hyperliquid’s correction is negligible relative to the gains it has made in the last few days. This could be an indicator that even if the broader market enters a new bearish wave, Hyperliquid’s price could hold its value.

Exchange Growth Could Send Hyperliquid Price Higher

One of the key factors that could see HYPE hold its value is the fact it is the cryptocurrency that underpins the Hyperliquid exchange ecosystem. This means the more people trade on the Hyperliquid decentralized exchange, the more the demand for HYPE goes up. This demand for the Hyperliquid exchange is pretty much set to go up because of the diversified nature of its product offering. Unlike when it first started, Hyperliquid now offers a lot more than cryptocurrencies. 

Currently, Hyperliquid offers everything from stocks, stock indices, gold, silver, and, more recently, oil. When the Iran war started, the price of oil spiked drawing in traders looking to capitalize on the volatility.

In the same period, HYPE’s price made some gains. This goes to show that with a more diversified trading product offering, the Hyperliquid exchange can remain vibrant even during cryptocurrency winters. The result is that the value of HYPE could go up regardless of what is happening in the broader market. Such a rally could, by extension, draw in FOMO buyers, further adding to bullish price action.

HYPE also stands to benefit from its deflationary tokenomics. The more the Hyperliquid exchange grows in adoption, the more HYPE tokens are burned over time. The implication is that the long-term demand for HYPE is going up while supply shrinks. Economic laws of demand and supply dictate that this could trigger a surge in the price of HYPE going into the future. 

HYPE and Broader Market Structure Still Bullish Despite Hawkish Fed

The broader market dynamics could also play into Hyperliquid’s favour. While cryptocurrency prices dropped after the Federal Reserve took a hawkish turn, the correction is negligible in this market. Cryptocurrencies are known to record corrections of up to 20% at a time when there is real fear in the market. As such, the fact that the market has recorded corrections of under 10% on average goes to show that the FOMC news is widely priced in.

In such a case, a rally could be coming in the short term. That’s because the market has already given investors confidence that it can weather a major geopolitical event, such as what is happening in the Middle East. The cryptocurrency market has also outperformed key risk-off assets such as Gold since the war started. The signal that such price action is sending is that cryptocurrencies can be a reliable non-correlated asset class in times of market corrections. The result is that capital could come in more strongly. For top altcoins like HYPE that already have strong underlying demand, this reality could send the price to new highs in the short to medium term. 

Technical Analysis – Hyperliquid Price Turns Bearish After Rejection at Key Resistance

After its recent price rally, HYPE bulls have been decisively rejected at the $42.11 resistance. With bears now firmly in control, HYPE’s target in the short term is the $37.46 support.

Hyperliquid Price
Hyperliquid Price Chart: TradingView

If bears are strong enough to breach this support, a correction to $26.91 could follow. However, if the $37.46 support holds, a rebound to the $42.11 resistance could follow. A breach of this resistance could see HYPE rally to $50 or more in the short term. Of these scenarios, a test and possible short-term breach of the $37.46 support is more likely. That’s because of the selling pressure from the broader market.

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Bitcoin Price Analysis – BTC Slides as Macro Fears Put $60K Support at Risk https://crypto2community.com/crypto-news/bitcoin-price-analysis-btc-slides-as-macro-fears-put-60k-support-at-risk/ Thu, 19 Mar 2026 14:01:59 +0000 https://crypto2community.com/?p=90103 Highlights: Bitcoin price drops 5% as hawkish Federal Reserve pressures risk assets Bitcoin trading volumes surge, indicative of panic selling post Fed statement  BTC risks losing $60K on macro and technical weakness Bitcoin (BTC) is in the red today, reflecting […]

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Highlights:

  • Bitcoin price drops 5% as hawkish Federal Reserve pressures risk assets
  • Bitcoin trading volumes surge, indicative of panic selling post Fed statement 
  • BTC risks losing $60K on macro and technical weakness

Bitcoin (BTC) is in the red today, reflecting the selloff across major financial markets. When going to press, Bitcoin was trading at $70,419.05, down by 5.02% in the day. While the price is headed lower, Bitcoin trading volumes are rising throughout the day. Volumes currently stand at $51.89 billion, up by 43.72% in the day. 

Such a surge in volumes is indicative of panic selling by retail money. It could also be an indicator that long-term holders are exiting their positions in anticipation of more downside in the short to medium term. Several factors are driving the perception that the Bitcoin price could be headed lower. 

Hawkish Fed Sends Bitcoin Price and Other Risk-On Assets Tumbling

One of them is that the Federal Reserve has taken a hawkish stance during the FOMC meeting ending 18 March. During the meeting, the Federal Reserve kept rates unchanged, as markets widely expected. However, it is the speech that followed that has rattled markets, including Bitcoin. The Federal Reserve noted that inflation is set to go higher in 2026, with a projection of 2.7%, up from 2.5% at the end of 2025.

The Federal Reserve also acknowledged that the war happening in the Middle East was likely to keep uncertainty high, especially the risk of a spike in inflation. This has not only created the impression that a rate cut may not come in 2026, but also increased the odds of a rate hike. Since risk-on assets tend to underperform in an environment of high inflation, a selloff was experienced immediately after the announcement.

Bitcoin, which tends to trade in line with risk-on assets such as the S&P 500, has also experienced a selloff. If the inflation fears keep pushing markets lower, BTC could be headed to prices under $60k in the short to medium term.

Analysts Equate Bitcoin Price Action to 2022 Bear Run

Such a negative possibility is also enhanced by the fact that some analysts have been saying the bear run is not over. After the recent pump that saw Bitcoin rally past $74k in a day, some analysts fear that this correction was similar to what happened in 2022.

Back then, the market bounced slightly after a month in the red. However, the bounce did not last and was followed by an even bigger crash. If the fears of a similarity with 2022 take root in the market, Bitcoin and other risk-on assets could face a major correction in the short to medium term. Such could trigger fear selling that makes the bear market predictions a self-fulfilling prophecy. 

Stalling of Key Cryptocurrency Bill Adds to Bitcoin Selling Pressure

To further add to Bitcoin’s price downside risk is the fact that the market structure bull appears to have stalled. The impact of the delay is so significant that some analysts have downgraded their Bitcoin price outlook for the year. With such a confluence of negative factors, a fall below the $70,410 price level, now key support, could embolden bears. This could send Bitcoin to new lows in the foreseeable future.

Technical Analysis – Bitcoin Bulls Fail After Breakout Attempt

Bitcoin’s price action today has seen it drop back below $70.410, which was a multi-week range resistance level. This correction means the breakout that could have pushed Bitcoin has failed.

BTC Price Chart
Bitcoin Price Chart: TradingView

With this failure, the key level to watch now is $62,618. If bears fail at this price level, a correction to prices under $60k could follow. With the Federal Reserve now taking a hawkish stance and the situation in the Middle East not easing, a Bitcoin price correction below $60,000 could be on the horizon in the short to medium term.

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South Korean Lawmakers Propose Abolishing 22% Crypto Tax https://crypto2community.com/crypto-news/south-korean-lawmakers-propose-abolishing-22-crypto-tax/ Thu, 19 Mar 2026 12:22:50 +0000 https://crypto2community.com/?p=90089 Highlights: A new proposed bill would repeal South Korea’s planned 22% virtual asset taxation. The People Power Party said crypto investors deserve equal treatment after the stock tax repeal. The Democratic Party responded by saying it will review the bill. […]

The post South Korean Lawmakers Propose Abolishing 22% Crypto Tax appeared first on Crypto2Community.

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Highlights:

  • A new proposed bill would repeal South Korea’s planned 22% virtual asset taxation.
  • The People Power Party said crypto investors deserve equal treatment after the stock tax repeal.
  • The Democratic Party responded by saying it will review the bill.

South Korea’s crypto tax debate has entered a new stage after a fresh repeal proposal. Now, the proposal targets a levy scheduled to start on January 1, 2027. If lawmakers approve the change, investors would avoid a tax burden that has sparked years of dispute. 

According to local news outlet Digital Asset, the right wing of the People Power Party introduced a bill to amend the Income Tax Act. The bill is sponsored by Song Eon-seok, who leads the People Power Party on the Assembly floor. His amendment would remove all provisions tied to digital asset income taxation.

South Korea originally aimed to launch the tax in 2022, yet officials have already delayed it three times. Those delays followed strong opposition from investors and industry groups. Under the current law, the country plans to tax crypto profits above 2.5 million won by imposing a 20% national tax and 2% in local taxes.

Lawmakers Link Fairness Concerns with Broader Market Tax Policy

According to the People Power Party, the existing structure is no longer suitable in the investment tax environment. Late in 2024, South Korea repealed the tax on the financial investment income on products, including stocks. Thus, party lawmakers claim that taxing gains only on digital assets would result in an unbalanced system.

The bill also raises questions about how digital assets should be classified. According to the proposal, the U.S. SEC recently announced that it treats many digital assets as commodities rather than securities. South Korea already treats digital assets as commodities under value-added tax rules. As a result, a separate income levy could trigger concerns about double taxation.

They also warn of practical problems when officials try to calculate purchase costs for non-resident foreign investors. The enforcement may be complicated because of cross-border trades, exchange transfers, and fragmented records. Meanwhile, the National Tax Service is building an AI tool that will track and analyze crypto transactions.

Committee Talks Will Shape the Next Stage of Debate

The Democratic Party of Korea has not endorsed the repeal bill, yet it has agreed to review it. In a separate report, Kim Han-gyu, the Democratic Party’s chief deputy floor leader for policy, said the party would discuss the proposal after its introduction. He said that the matter had not seen serious internal discussion, noting that they would discuss it. He also said the issue was not coordinated with the opposition in advance.

Kim noted that the earlier party policy supported moving ahead with the existing tax plan. Still, he acknowledged calls to align the treatment of stocks and digital assets. That comment suggests lawmakers may revisit the fairness debate during committee review. For now, the bill still appears headed to the Finance and Economy Committee for further discussion.

Despite the battle regarding crypto tax, South Korea remains one of the world’s largest crypto markets, with nearly one in five South Koreans using or trading digital assets. According to Financial Services Commission data, the market reached 95.1 trillion won in June last year. 

At the same time, authorities are drafting broader rules under the Digital Asset Basic Act. In February, the financial regulator in the country said that stablecoins such as USDT and USDC could face exclusion under the corporate crypto investment rules.

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Dogecoin Price Drops 4% Following Weak Derivatives Market, Bears Target $0.091 https://crypto2community.com/crypto-news/dogecoin-price-drops-4-following-weak-derivatives-market-bears-target-0-091/ Thu, 19 Mar 2026 12:06:22 +0000 https://crypto2community.com/?p=90084 Highlights: Dogecoin price has slipped 4% to $0.094, as the bearish grip builds. The derivatives data show a drop in open interest, suggesting a drop in investor confidence. The technical outlook shows further downside to $0.091-$0.088. The Dogecoin price is […]

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Highlights:

  • Dogecoin price has slipped 4% to $0.094, as the bearish grip builds.
  • The derivatives data show a drop in open interest, suggesting a drop in investor confidence.
  • The technical outlook shows further downside to $0.091-$0.088.

The Dogecoin price is still in the red zone, down 4% in the past 24 hours, to trade at $0.094. Meanwhile, the crypto market is experiencing a sell-off, reinforced by the fact that the US Federal Reserve is not intending to reduce interest rates. This has extended losses even in the dog-themed meme coin, as the derivatives market indicates a negative outlook. 

Meanwhile, on Wednesday, the Fed’s decision not to raise or lower interest rates has pressured the crypto market. Bitcoin (BTC), the largest cryptocurrency, dropped to $71,400, while the Crypto Fear and Greed Index fell to 33. This indicates that crypto investors are fearful in the market. 

Further, the market mood is steadily going down against Dogecoin, with falling prices in spot markets leading to forced closures of Dogecoin derivatives. According to CoinGlass data, $6.30 million of DOGE positions were liquidated in the last 24 hours. The longs have taken the lion’s share of $5.60 million, as the shorts take the rest, indicating continued growing bearish pressure.

Dogecoin Derivatives Data Analysis: Coinglass

In the greater number of liquidations, DOGE futures Open Interest is down by 7.73% to $1.06 billion. This shows a solid risk-off mood, despite its volume surging 16% to $2.73 billion.

Dogecoin Price Risks Further Downside to $0.091

The 4-hour DOGE/USD chart tells a cautious story. Dogecoin’s price outlook is still cloudy, as the bears take control of the market. After the recent dip, the dog-themed meme coin is trading below both the 50-day SMA at $0.0966 and the 200-day SMA at $0.0961. This reinforces the bearish grip in the market, as DOGE risks further downside.

DOGE/USD 4-hour chart: TradingView

If DOGE falls below the current level, the $0.091-$0.088 range becomes the last technical zone for the bulls to support. On the other hand, if the meme coin reclaims the immediate resistance around $0.096 (200-day SMA), the buyers may try to push the price back toward resistance at $0.0966 and then $0.10.

The technical indicators are showing an intense selling momentum in the DOGE market. To start with, the RSI is below the 50-mean level at 39.18, tilting the odds towards the bears. This suggests weak momentum but not yet oversold territory.​ The Moving Average Convergence Divergence is also in the negative region, reinforcing the selling pressure. The blue MACD line has crossed below the signal line, indicating that the negative momentum. 

Meanwhile, Ali Martinez, a popular crypto analyst, has predicted a potential rally to $10. According to Ali’s prediction, DOGE’s monthly chart is fractal and could soon bounce beyond $0.44, $1.70 to $10. 

If Dogecoin price fails to reclaim the 200-day SMA, it may test lower supports, with $0.088 as a last line for buyers. Conversely, if the memecoin can hold above 0.096 and attract more big buyers, a rebound towards $0.0966-$0.10 is possible.

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Evernorth Targets Nasdaq Listing with $1B XRP Treasury SPAC Deal https://crypto2community.com/crypto-news/evernorth-targets-nasdaq-listing-with-1b-xrp-treasury-spac-deal/ Thu, 19 Mar 2026 12:01:09 +0000 https://crypto2community.com/?p=90081 Highlights: Evernorth is targeting a Nasdaq listing through a SPAC merger with Armada Acquisition Corp. The enterprise intends to create a massive XRP treasury and deploy it to DeFi activity. The listing remains subject to SEC approval and shareholder vote […]

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Highlights:

Evernorth is moving toward a Nasdaq listing after filing a Form S-4 with the U.S. Securities and Exchange Commission. The filing supports its planned merger with Armada Acquisition Corp. II and brings the deal into the regulatory review stage.

The company plans to operate as Evernorth Holdings Inc. after the merger closes. It expects to trade on Nasdaq under the ticker XRPN, while warrants may trade under XRPNW. However, the listing will only proceed after the SEC approves the filing and Armada II shareholders vote in favor of the deal.

Armada Acquisition Corp. II raised about $230 million during its initial public offering in May 2025. That capital forms part of the structure that will support the merger. The S-4 filing also includes a preliminary proxy statement and a prospectus, and both documents outline how the company will operate once it becomes public.

Evernorth launched last year as a company built around managing XRP as a treasury asset. The firm focuses on combining public market structure with blockchain-based financial activity. Evernorth CEO Asheesh Birla stated, “We believe global finance is entering a new era with digital assets playing a larger role in how capital is held, managed, and deployed.”

Evernorth Targets Nasdaq Listing as Institutional Capital Builds Around XRP

The company expects to raise more than $1 billion through the merger and related investments. The deal has already attracted backing from Ripple, SBI Holdings, Pantera Capital, Kraken, Arrington Capital, and GSR.

Ripple provided more than 126 million XRP tokens, while other investors added over $214 million in cash alongside additional XRP. This mix of funding gives the company both liquidity and asset exposure as it prepares for the listing. Evernorth currently holds about 473.27 million XRP, valued at roughly $692 million. However, the value of these holdings has dropped by about 19% compared to the company’s average purchase price.

The company plans to use its XRP rather than hold it idle. It will lend assets to institutions, provide liquidity to markets, and take part in decentralized finance activity. It also plans to run validators on the XRP Ledger and use RLUSD to support transaction flows tied to XRP. This structure allows investors to gain exposure to XRP through a listed company. Investors do not need to manage wallets or handle custody directly.

Other firms have also adopted XRP as a treasury asset. SBI Holdings holds XRP to support cross-border payment corridors. In addition, Trident Digital Tech and Webus International have also adopted XRP treasury strategies, with Webus committing about $300 million to the asset.

SEC Decision on XRP Status Eases Path for Institutional Market Entry

The SEC has made it clear that XRP is a digital commodity and not a security. This ruling eliminates one of the key legal issues that had restricted institutional involvement in the past. It further facilitates the ease with which companies can organize financial products based on XRP.

Commenting on the announcement, Stuart Alderoty, Ripple’s legal officer, said, “We always knew XRP wasn’t a security, and now the SEC has confirmed it is a digital commodity. Grateful to the Crypto Task Force for delivering the clarity that markets, investors, and innovators have long deserved.”

At the same time, activity on the XRP Ledger has continued to grow. The network now has more than 7.7 million wallets, and that figure marks a new high. The daily transactions are approaching 3 million, which shows steady usage across the network. XRP is currently trading at $1.46, a 3.12% decrease in the past day. The coin currently holds a market capitalization of $89.63 billion, while the trading volume stands at $3.13 billion.

XRP Price Chart: CoinMarketCap

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Hyperliquid’s HYPE Knocks Cardano Out of Crypto Top 10 https://crypto2community.com/crypto-news/hyperliquids-hype-knocks-cardano-out-of-crypto-top-10/ Thu, 19 Mar 2026 11:06:45 +0000 https://crypto2community.com/?p=90077 Highlights: HYPE pushes Cardano out of the top 10 as market cap ranking shifts sharply. Cardano is also under pressure as Bitcoin Cash moves closer in value. Hyperliquid momentum remains strong with rising demand, trading activity, and expanding market exposure. […]

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Highlights:

  • HYPE pushes Cardano out of the top 10 as market cap ranking shifts sharply.
  • Cardano is also under pressure as Bitcoin Cash moves closer in value.
  • Hyperliquid momentum remains strong with rising demand, trading activity, and expanding market exposure.

Cardano (ADA) has fallen out of the top 10 cryptocurrencies by market capitalization after Hyperliquid’s HYPE token moved ahead in the latest rankings. The change shows how fast altcoin positions can shift. CoinMarketCap ranked HYPE at No. 10 with a market cap of about $10.21 billion, while Cardano dropped to No. 11 with around $9.75 billion.

The move is notable because Cardano has kept its place among the largest digital assets for a long time. Earlier this month, ADA was still clearly ahead. A CoinMarketCap snapshot from 8 March showed Cardano in 10th place with a market cap of nearly $8.99 billion, while HYPE was in 13th place at about $7.92 billion. In less than two weeks, Hyperliquid closed the gap and moved past Cardano.

Cardano Also Faces Pressure from Bitcoin Cash

Meanwhile, Cardano is also facing pressure from below, as Bitcoin Cash (BCH) is moving closer in market value. BCH now ranks 12th with a market cap of about $9.14 billion, leaving it less than $1 billion behind ADA. If Bitcoin Cash keeps rising, it could also pass Cardano soon.

CoinMarketCap
Source: CoinMarketCap

At the time of writing, HYPE was trading near $39.76, down 3.78% over the past 24 hours. However, its daily trading volume rose 76.69% to about $641.6 million. Cardano was trading around $0.2702 at the time of writing, down about 6.4% over the past 24 hours. Its daily trading volume stood near $595 million.

The latest rankings can vary slightly across platforms because each tracker updates price, supply, and market cap at different times. Still, the main picture stayed the same.

What Is Driving HYPE Higher

This growth followed S&P Dow Jones Indices’ decision to license the S&P 500 to Trade[XYZ] for a perpetual contract on Hyperliquid. The product gives eligible non-U.S. users round-the-clock onchain access to the index with leverage and official S&P data. The launch also pushed Hyperliquid beyond crypto-only trading and brought a major stock market benchmark onto the platform. That wider market exposure may have helped boost interest in the Hyperliquid ecosystem as HYPE gained ground against Cardano.

Hyperliquid is a crypto-native decentralized derivatives exchange. Trading activity on the platform has grown during the Middle East conflict, as it lets users trade not only crypto but also onchain markets tied to assets such as oil and gold. The platform then saw open interest in HIP-3 markets climb to a record $1.43 billion, up from below $800 million earlier this year.

 

One reason behind HYPE’s rally is the strong activity on Hyperliquid itself. Data shows the platform recorded about $8.51 billion in 24-hour perpetual futures volume and around $7.05 billion in open interest. It also generated nearly $2.88 million in fees in one day. That shows traders are still very active on the platform, and that usually helps support confidence in the token.

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Best Crypto Gainers Today, March 19 – RIVER, DEXE, QNT https://crypto2community.com/crypto-news/best-crypto-gainers-today-march-19-river-dexe-qnt/ Thu, 19 Mar 2026 10:07:26 +0000 https://crypto2community.com/?p=90052 Highlights: River’s price is rising due to the increasing interest in its Season 4 campaign. DEXE is breaking major resistance areas, with bullish signs signaling further upward momentum. QNT is aiming to break out above the $100 level following a […]

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Highlights:

  • River’s price is rising due to the increasing interest in its Season 4 campaign.
  • DEXE is breaking major resistance areas, with bullish signs signaling further upward momentum.
  • QNT is aiming to break out above the $100 level following a retest of the horizontal region.

The crypto market came under pressure on Thursday as investors weighed down on the Federal Reserve’s policy decision. The Fed held interest rates as expected, but Powell acknowledged the rising oil prices as a new inflation risk. Powell also insisted on cutting interest rates by only one quarter point this year. 

Bitcoin fell below $70K, triggering a broader market decline. The pullback has also seen the total market capitalization drop to $2.42 trillion. As a result, market sentiment has retreated into the fear zone again. Despite the volatility, several tokens have shown resilience and posted positive trends. In the section below, let’s discuss the best crypto gainers today, such as River, DeXe, and Quant.

Best Crypto Gainers Today

1. RIVER

RIVER is leading the list of the best crypto gainers today with a surge of 13% over the last 24 hours. This latest rally has pushed the weekly and monthly gains to 50% and 110%, respectively. The price is currently trading around $26.7, with a market capitalization of $540 million.

RIVER Price Chart: CoinMarketCap

RIVER has been attracting significant interest because of its ongoing Season 4 campaign. The ecosystem is promoting user engagement as it expands. Season 4 provides a range of incentives, such as minting satUSD, participatory decentralized finance, and reward earning. The current River Points that were previously a participation token can now be converted into staked RIVER tokens, which have greater yield potential within the system.

In addition, a crypto analyst, Ali Martinez, recently pointed to an inverse head-and-shoulders breakout on the price chart, indicating a bullish trend. The breakout at the mid-$20 range shows strength, and the analyst predicts targets of $45 to $57.

2. DEXE

DEXE has continued to extend its upward rally as the price sets new highs. The altcoin has surged from lows of $2.2 to highs of $6.3 on the monthly chart, recording a gain to 160%. Moreover, its market capitalization and trading volume have climbed to $520 million and $18 million, respectively.

DEXE Price Chart: CoinMarketCap

DEXE displays a robust bullish trend on its daily chart as the bulls take the lead. The altcoin has hit a four-month high as the price formed a sustained trend reversal from the recent lows of $1.78. DEXE successfully broke above the resistance at $5.40 and now sets its eyes on the next key level around $7.61. 

Best Crypto Gainers Today, March 19 - RIVER, DEXE, QNT
DEXE Price Chart: TradingView

Should the current trend hold further, the altcoin could challenge the highs of $9.9 last seen in October 2025. Meanwhile, indicators such as the RSI and MACD point to a continuation of the ongoing rally. The RSI has reached the overbought region but shows no signs of reversal. The MACD line is also holding above the signal line, indicating that the buyers are in control.

3. Quant (QNT)

Quant is up by more than 6% on the daily chart amid the broad market downturn. As of this writing, the price is resting around $76, pushing the weekly gains to 20%. In addition, its trading volume has exploded by 120% to $27 million.

QNT Price Chart: CoinMarketCap

The price of QNT is currently testing a major horizontal support level, according to analyst World of Charts. Should the price continue to hold above this level, then there is a possibility of an upward movement. A breakout above the current trendline would probably trigger a major upsurge, leading to the price reaching levels last seen in November.

The price is currently sitting at around $76, which implies a potential increase of 33-40%. A successful trendline breakout could send the price to the $100-105 region, indicating a solid movement from the current price.

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Canada Revokes 50 MSB Licenses with Crypto Firms Accounting for Most Actions https://crypto2community.com/crypto-news/canada-revokes-50-msb-licenses-with-crypto-firms-accounting-for-most-actions/ Thu, 19 Mar 2026 10:01:46 +0000 https://crypto2community.com/?p=90055 Highlights: Canada Revokes 50 MSB licenses this year, with 47 linked to crypto firms. FINTRAC cancelled 23 registrations in one action and increased enforcement speed. Regulators fined crypto platforms for failing to report transactions and meet compliance rules. Canada’s financial […]

The post Canada Revokes 50 MSB Licenses with Crypto Firms Accounting for Most Actions appeared first on Crypto2Community.

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Highlights:

  • Canada Revokes 50 MSB licenses this year, with 47 linked to crypto firms.
  • FINTRAC cancelled 23 registrations in one action and increased enforcement speed.
  • Regulators fined crypto platforms for failing to report transactions and meet compliance rules.

Canada’s financial intelligence unit has revoked 50 money services business registrations this year, with 47 linked to crypto firms. FINTRAC confirmed that it cancelled 23 registrations in its most recent enforcement action against non-compliant firms.

Each affected business now has 30 days to request a formal review of the revocation decision. FINTRAC examines reporting history, regulatory responses, and operational records before removing a firm. The agency relies on documented compliance failures when making these decisions.

Several firms failed to meet specific regulatory requirements, while others did not respond to official information requests within the required timelines. Meanwhile, others failed to update registration records or maintain accurate transaction data. In addition, some businesses no longer met the eligibility conditions required under Canadian law.

The enforcement action also included firms operating outside Canada while serving Canadian users. Finast, registered in Slovakia, lost its authorization during this round. Commerce Plex, based in the United Kingdom, also had its registration revoked. Both firms offered crypto services alongside traditional money transfer and exchange operations.

Canada Revokes Crypto Firms’ Registrations While Targeting Digital Asset Risks

Canada has intensified its enforcement activities to minimize risks associated with digital asset business and their associated payment channels. Finance Minister François-Philippe Champagne affirmed that authorities have stepped up enforcement measures throughout the industry. He said that the authorities will keep up this rate as they tackle new risks.

He stated, “Our government will continue to monitor and pursue new measures to address risks posed by virtual currency businesses, such as cryptocurrency MSBs and crypto ATMs, which can be used to facilitate money laundering and fraud.”

The regulators are paying attention to crypto MSBs and crypto ATM operators because they process transactions. These avenues facilitate the quick flow of money, and this poses a problem when companies do not have adequate tracking mechanisms. Law enforcers are evaluating how operators authenticate users and monitor suspicious activity.

FINTRAC has also improved transparency by making more comprehensive enforcement actions and compliance findings public. The agency lists concrete violations and describes how firms did not comply with the regulatory expectations. This practice assists companies in knowing what regulators demand.

Traditional financial systems still account for a larger share of global illicit financial activity. Banks and wire services process large volumes of transactions across multiple regions each day. This scale allows bad actors to hide suspicious activity within legitimate transaction flows. The Financial Action Task Force estimates that 2% to 5% of the global GDP moves through illicit financial channels each year.

In a related development, the Canadian Investment Regulatory Organization (CIRO) published its Digital Asset Custody Framework, which explains what dealers running crypto trading platforms are expected to do.

Recent Fines Highlight Escalating Compliance Pressure on Crypto Platforms

FINTRAC has issued major penalties against crypto platforms that failed to meet regulatory requirements. The agency fined crypto exchange KuCoin $14 million last year after identifying multiple compliance violations. Regulators found that the exchange failed to register properly and did not report large transactions with the required details.

One month later, FINTRAC imposed a $126 million fine against crypto platform Cryptomus. Investigators found that the company failed to report 1,068 suspicious transactions. The platform also lacked written compliance policies required to manage financial activity.

Authorities linked several unreported transactions to serious financial crime risks, including ransomware payments and sanctions evasion activity. Regulators also identified gaps in transaction monitoring systems used by the platform. These issues showed that the firm failed to detect and report suspicious behavior.

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