🔥 South Korea's People Power Party Proposes Scrapping Crypto Tax

South Korea's ruling People Power Party has proposed eliminating a 22% tax on cryptocurrency trading profits, which was set to take effect on January 1, 2027. This move aims to foster crypto market growth, as the tax would have applied to annual profits exceeding $1,665.

⚡ Drift Protocol Suffers $285 Million Crypto Exploit

Drift Protocol experienced a significant security breach on Wednesday, resulting in the theft of approximately $285 million in cryptocurrency. The incident, flagged by PeckShield, involved attackers exploiting administrative keys and transferring assets from the main vault, leading to a 35% drop in the DRIFT token price.

📉 U.S. Treasury Initiates Implementation of Stablecoin Innovation Act

The U.S. Treasury officially commenced the implementation of the Stablecoin Innovation Act, known as the GENIUS Act, on April 2. This act aims to provide a regulatory framework for stablecoins, with an initial focus on smaller issuers with less than $10 billion in assets.

📈 Main Asset Performance (24h)

BTC：-2.9% — Bitcoin dropped below $67,000, trading at $66,855.31, amid broader market correction and geopolitical concerns.

ETH：-3.5% — Ethereum fell to $2,059.22, influenced by overall market downturn and increased volatility.

SOL：-5.4% — Solana experienced a notable decline to $79.05, partly due to the Drift Protocol exploit#ADPJobsSurge