2027

The field of crypto venture capital is undergoing a structural transformation. Investors generally require startup projects to have real users and revenue before they are willing to invest; the era of easy financing in the early stages has ended. The reliability of token models as an exit strategy has significantly decreased, and token issuances with low liquidity and high valuations continue to underperform the market, leading investors to revert to traditional equity thinking.At the same time, the rise of the AI sector has captured a large amount of LP funds and entrepreneurial talent, making fundraising for crypto VC even more challenging. However, several investors have pointed out that the current competition is decreasing, valuations are becoming more reasonable, and the regulatory environment is improving. It is expected that 2026-2027 will become the strongest investment years since 2018. In the future, funds will focus on areas with clear business models such as stablecoins, payments, tokenization, real-world assets, and financial infrastructure, and the boundaries between crypto VC and traditional VC will accelerate their convergence.

According to Cointelegraph, the UK's Financial Conduct Authority (FCA) has announced that it is seeking industry feedback on guidance for the future regulatory framework for crypto assets in the UK, aimed at facilitating the implementation of a comprehensive regulatory framework that will take effect on October 25, 2027.According to the announcement, this consultation will last until June 3, 2026, and aims to help businesses understand the impact of the new regulations on their operations, providing compliance guidance for key areas such as stablecoin issuance, crypto trading, custody, and staking.The FCA stated that it hopes to establish a "competitive and sustainable" crypto market, allowing compliant institutions to better serve UK users. The FCA also disclosed that the application process for relevant crypto business licenses is expected to open in September 2026 and continue until February 2027.All institutions providing crypto asset services will need to obtain authorization under the Financial Services and Markets Act (FSMA) in the future, and previous registration under anti-money laundering frameworks will not automatically exempt them. This guidance consultation is seen as an important step in the UK's gradual improvement of its crypto regulatory system, marking an accelerated transition from partial regulation to a comprehensive licensing system.

According to Jin Ten, Chicago Federal Reserve President Goolsbee stated on Tuesday that if the Iran war leads to persistently high oil prices, thereby slowing the process of inflation returning to the Federal Reserve's 2% target, the Federal Reserve may not lower interest rates until 2027. He mentioned that he originally thought there could be multiple rate cuts in 2026, but if inflation remains high, the timing of rate cuts will be delayed. His confidence has weakened, noting that in some cases, interest rates may be raised.

According to Jinshi reports, Trump's budget proposal is expected to result in a real GDP growth of 3.1% in the fiscal year 2027.

The trading platform Bybit announced that its partnership with the Tomorrowland Brasil music festival will officially be renewed until 2027.It is reported that the 2027 Tomorrowland Brasil music festival will be held from April 30 to May 2, with the theme "Consciencia." As part of the partnership, Bybit cardholders will receive several exclusive benefits, including early ticket purchase rights, limited edition merchandise, discounts on official merchandise, and on-site drink perks.Bybit officials stated that the platform previously served as the exclusive payment partner for the festival in 2025, and future collaborations will focus on further integrating crypto finance with real-life lifestyles through seamless payment solutions. In addition, the pre-registration activities for the 2027 music festival will officially start on April 30, 2026.

According to Cointelegraph, the latest data shows that if Bitcoin further falls below $60,000, the time for the market to recover to historical highs may be delayed until 2027.Analysis indicates that Bitcoin has retraced about 48% from its peak of approximately $126,000 in 2025. According to historical patterns, for every additional 10% drop, the recovery period is extended by an average of about 80 days. If $60,000 is the bottom for this phase, it is expected to take about 300 days to complete the recovery; however, if it continues to drop to the $40,000-$45,000 range, the overall retracement will exceed 60%, and the recovery period may extend to about 440 days, pushing the timeline to after the second quarter of 2027.On-chain indicators also show that the bottom has not yet been confirmed. The comprehensive market index (BCMI) is currently around 0.27, above the historical bottom range (approximately 0.12-0.15), indicating that there is still room for further downside. In terms of capital flow, the continued selling by whales is intensifying pressure. Data shows that the selling intensity by large holders has reached its highest level in nearly 18 months, while liquidity in both the spot and futures markets is weakening simultaneously. Institutional views suggest that the current market is in a deep adjustment cycle, and if the macro environment remains tight (including high interest rates or even rate hikes), it will further delay the recovery pace of the cryptocurrency market.

According to Jinshi News, JPMorgan has incorporated the expectation of two interest rate cuts into its forecast, but it is expected to wait until the second and fourth quarters of 2027.

According to CoinDesk, South Korea's opposition party has proposed a bill to completely abolish the cryptocurrency income tax system that was scheduled to be implemented. The bill states that the current plan is to impose a 22% tax rate on cryptocurrency investment gains, while stock investment gains are not subject to income tax, which is deemed unfair to cryptocurrency investors. If the bill passes, South Korea's planned cryptocurrency tax collection scheme will be canceled.

According to Cointelegraph, the European Central Bank (ECB) has announced the opening of expert applications for two new working groups under its Rules Development Group (RDG), focusing on advancing the implementation of the digital euro at the ATM, payment terminal, and acceptance infrastructure levels.The responsibilities of the two working groups are as follows: first, to develop implementation specifications for ATM and terminal providers, covering communication technology, offline transaction capabilities, and the reuse of existing payment standards; second, to establish testing, certification, and approval process plans for payment solutions and infrastructure used by payment service providers (PSP) in the digital euro ecosystem. Both working groups report to the RDG, which includes members representing merchants, payment service providers, and consumers.The ECB has previously disclosed plans to launch a 12-month digital euro pilot in the second half of 2027, with participation from a limited number of merchants, euro system staff, and PSPs. ECB Executive Board member Piero Cipollone confirmed these arrangements in February this year.

According to The Block, South Korea's largest opposition party, the People Power Party, has submitted a bill to the National Assembly proposing to completely abolish the cryptocurrency capital gains tax plan set to take effect on January 1, 2027. The bill was primarily proposed by the party's representative Song Eon-seok.Under the current tax scheme, South Korea plans to impose a maximum tax rate of 22% on cryptocurrency trading gains exceeding 2.5 million won (approximately $1,665), consisting of a 20% national income tax and a 2% local tax. This tax plan has been postponed three times since 2022.The core argument of the bill is tax fairness. By the end of 2024, South Korea will have abolished income tax on gains from traditional financial investments such as stocks, and the proponents argue that it is unfair to tax cryptocurrency investors separately. The bill also cites the recent guidance from the U.S. Securities and Exchange Commission (SEC) that classifies most cryptocurrencies as commodities, arguing that cryptocurrencies should not be treated the same as securities.

According to The Block, South Korea's largest opposition party, the People Power Party, has submitted a bill to the National Assembly proposing the complete abolition of the cryptocurrency capital gains tax plan scheduled to take effect on January 1, 2027. The bill was primarily proposed by the party's representative in the National Assembly, Song Eon-seok.Under the current tax scheme, South Korea plans to impose a maximum tax rate of 22% on cryptocurrency trading gains exceeding 2.5 million won (approximately $1,665), consisting of a 20% national income tax and a 2% local tax. This tax plan has been postponed three times since 2022. The core argument of the bill is based on tax fairness.By the end of 2024, South Korea has abolished income tax on traditional financial investment gains such as stocks, and the proponents argue that taxing cryptocurrency investors separately is unfair. The bill also cites the recent guidance from the U.S. Securities and Exchange Commission (SEC) that classifies most cryptocurrencies as commodities, asserting that cryptocurrencies should not be treated the same as securities.

According to Jinshi reports, the Federal Reserve maintains its forecast of one rate cut in 2026 and one rate cut in 2027.

According to The Block, investment bank TD Cowen stated that the time window for the U.S. to pass the crypto market structure bill may extend to the August recess, breaking the previous expectation that legislation needed to be completed before the Easter recess.Jaret Seiberg, managing director of TD Cowen's Washington research team, pointed out that the Easter recess is not a critical milestone, and legislative work can continue before and after the recess. With the conclusion of the primaries, some lawmakers will have greater flexibility for negotiations. Seiberg believes that the August recess is the last meaningful legislative window, after which Congress will only meet for 12 days in September and 2 days in October, which is only enough time to handle spending bills and defense authorization bills.He also reiterated that if control of Congress changes after the 2026 midterm elections, the bill may be delayed until 2027. It is expected that the House may shift to Democratic control, at which point the Democrats may choose to delay until 2027 to gain greater leverage. Currently, the crypto bill is stalled due to opposition from the banking sector regarding stablecoin yields and the Democrats seeking conflict-of-interest provisions for government officials, but both sides are reportedly close to reaching a compromise. Seiberg stated that if the bill does not pass in 2026, the SEC will provide the regulatory actions needed for the crypto industry.

According to Jinshi reports, Barclays expects the Federal Reserve to cut interest rates by 25 basis points in September 2026 and March 2027, while the previous forecast was for rate cuts in June and September of this year.

The organizers of the Dubai TOKEN2049 Summit plan to postpone the event to April 21-22, 2027. The conference was originally scheduled to take place from April 29 to April 30, 2026, but recent conflicts in the Middle East have spread to Dubai.

The National Tax Service of Korea (NTS) announced on Thursday that it has begun constructing a tracking system for cryptocurrency investment gains, aimed at supporting the government's expansionary fiscal policy and the need to increase fiscal revenue.The system's construction comes just before the government's plan to tax profits from virtual assets starting in January next year. According to the announcement, the NTS has tendered for the "Comprehensive System for Virtual Asset Transaction Analysis," a project published on the electronic bidding platform by the Public Procurement Service, responsible for government and public institution procurement, with a budget of 3 billion won (approximately 202,000 USD). According to the plan, the winning bidder will be selected and contracted within this month, with system design starting in April, followed by multiple rounds of testing before entering a trial operation phase in November, and is expected to officially launch within the year.The NTS stated that the system will start collecting individual virtual asset transaction data from 2027, systematically managing and analyzing vast amounts of transaction information to more effectively detect tax evasion, including identifying hidden income of tax delinquents through tax audits.Notably, the NTS plans to incorporate artificial intelligence and machine learning technologies to analyze and track abnormal transaction types and patterns. Additionally, relevant virtual asset analysis data and lists of suspects will be shared with other government departments such as the Korea Customs Service, the Statistics Korea, and the Bank of Korea.According to Korean tax law, starting in January next year, the portion of annual income from virtual assets exceeding 2.5 million won will be subject to a comprehensive tax rate of 22% (including 20% income tax and 2% local income tax).

According to Jinshi News, Marco Valli and Daniel Vernazza, chief economists at UniCredit Bank's Investment Research Institute, stated in a report that military actions against Iran are expected to last for several weeks, and central banks can temporarily overlook short-term turmoil.They mentioned that in the baseline scenario, the Federal Reserve is still expected to cut rates only once this year, while the European Central Bank will keep interest rates unchanged until 2027. The two chief economists added that the risks faced by the European Central Bank this year have shifted from additional monetary easing to the possibility of tightening policy earlier.

According to CoinDesk, Agant CEO Andrew MacKenzie stated that the direction of the UK's crypto regulatory framework is correct, but the pace of advancement is insufficient to support the country's ambition to become a global digital asset hub.MacKenzie believes that the UK government has repeatedly committed to positioning London as a global center for crypto and digital asset activities. However, comprehensive legislation covering stablecoins and broader crypto activities is not expected to receive parliamentary approval until later this year, with formal implementation possibly waiting until 2027.Agant plans to issue a stablecoin called GBPA, which is fully backed 1:1 by the British pound. The company has currently registered with the Financial Conduct Authority (FCA) in the UK, indicating its intention to target institutional investors rather than the retail cryptocurrency market. Agant has positioned GBPA as the infrastructure for institutional payments, settlements, and tokenized assets.