South Korea's People Power Party held a closed-door meeting on March 23rd with representatives from major cryptocurrency exchanges to discuss the abolition of the virtual asset taxation system scheduled for implementation in 2027, and to hear proposals on stablecoin issuance and legislation. Party whip Song Yeon-seok has proposed amending the Income Tax Law to address the double taxation issue.

Gate News reports that on March 23, according to Gate market data, as of press time, JCT (Jade City) reached a high of 0.00488197 USD and pulled back to a low of 0.00246984 USD, with 24-hour trading volume reaching 55.37 million USD. Jade City is a GPU resource sharing platform dedicated to providing services for AI products. The platform offers resource sharing services including computing power, storage, and data, allowing users to lease various service resources through Jade City. The platform employs distributed GPU pooling technology to provide efficient resource scheduling, building GPU collaboration clusters and enabling instant access to GPU resources. Jade City provides secure peer-to-peer network services through a P2P resource sharing network, enabling fast and seamless

Bitcoin mining difficulty declined by 7.76% to 133.79 T on March 21, marking the second-largest drop this year. JPMorgan Chase analysts forecast that Bitcoin mining costs have fallen to $77,000, still above spot prices. An increasing number of mining companies are redirecting infrastructure toward AI computing power. Core Scientific plans to sell its Bitcoin holdings in 2026 to fund AI expansion, while Bitdeer has liquidated its Bitcoin position. Multiple companies are formulating diversification strategies.

Gate News reported that on March 22, Musk announced today that SpaceX and Tesla will jointly announce the TERAFAB project tomorrow at approximately 9:00 AM Beijing time, with a live broadcast on the X platform. The project aims to achieve computing power production capacity exceeding 1 terawatt annually, covering logic chips, memory chips, and packaging. Approximately 80% of the production capacity will be used for space applications, with approximately 20% for ground applications.

Gate News reported that on March 21, water resource management company Ecolab Inc. announced it will acquire CoolIT Systems from KKR for approximately $4.75 billion in cash to capitalize on the growing demand for liquid cooling technology in AI-driven data centers. Technology companies are increasing their investments in AI infrastructure, driving the industry's shift from traditional air cooling methods to more efficient liquid cooling systems to handle higher chip density and power loads.

Gate News reported that on March 21, the National Artificial Intelligence Application Pilot Base (Power Direction in Energy Sector) 2026 Alliance Work Conference and First Ecosystem Activity was held in Guangzhou. Eight enterprise institutions, including State Grid Digital Group's Artificial Intelligence Research Center, Huawei, ZTE, and Baidu, were formally established as the first batch of representatives to enter the pilot base.

Bitcoin mining company BitFuFu released its 2025 financial report, with annual revenue of $476 million, representing a year-over-year growth of 2.7%. Cloud computing power and mining machine sales revenue increased by 29.4% and 76.1%, respectively. The company's adjusted EBITDA was $8.32 million, computing power increased to 26.1 EH/s, and users grew to 676,000.

Blue Origin has applied for "Project Sunrise," planning to deploy 51,600 satellites in sun-synchronous orbit to build a space data center network that would support AI computing and data transmission. While this would improve efficiency, large-scale deployment faces challenges including cost and regulatory hurdles.

Gate News reported on March 19 that Alibaba management stated during today’s (March 19) earnings call that over the next 3 to 5 years, global AI computing power will remain in severe shortage. As the only cloud computing company in the Chinese market with self-developed chip capabilities, Pingtou Ge is of vital importance to the Alibaba Group. The management also revealed that an IPO for Pingtou Ge is not ruled out in the future, but there is currently no specific timeline.

Beijing Municipal Government released "Several Measures to Promote Steady and Progressive Economic Development," proposing three supporting policies to promote artificial intelligence applications, including financial subsidies for computing power rental costs and high-quality solutions, as well as support of up to 50 million yuan for demonstration projects.