Odaily: Lee Eok-won, Chairman of South Korea's Financial Services Commission (FSC), stated at the comprehensive audit of the National Assembly's Legislation and Judiciary Committee that various circumstances need to be fully considered regarding the virtual asset taxation scheduled to take effect next year. People Power Party lawmaker Song Eon-seok questioned whether the tax should be abolished or postponed, and stated that before the nature of digital assets and policy direction are determined, priority should be given to enacting the "Basic Act on Digital Assets." Lee Eok-won responded that the digital asset-related bill has entered the final negotiation stage and discussions will be pushed forward as soon as possible; regarding taxation, opinions vary among all parties, and relevant feedback is still being collected.

South Korea's virtual asset taxation was introduced in 2020 through an amendment to the Income Tax Act and has been postponed three times. The government is advancing related administrative procedures according to the schedule for implementation in January next year, but some in the industry and within the ruling party believe that current standards remain unclear, infrastructure is insufficient, and the timing for implementation is not yet mature.

According to Gate market data, the Hong Kong stock market continues to decline, with the Hang Seng Index falling 2.7% intraday, losing the 23,000-point mark; the Hang Seng Tech Index is down 4.38%.

The AI sector has seen notable declines, with Iluvatar CoreX (09903.HK) and Zhipu (02513.HK) both dropping over 9%.

Odaily report: According to Spreek monitoring, the admin keys of Swell DAO's swETH and rswETH are suspected to have been compromised. The attacker raised the token net asset value (NAV) by up to 1% per hour without asset backing. The attacker also deployed 4 malicious upgrade contracts, which, if executed, could steal approximately 2,500 ETH. Currently, these contracts have not entered the execution queue through multisig. Spreek speculates that this incident may be related to the cloud deployment platform Railway, but states that this judgment is based only on timing coincidence and there is no conclusive evidence yet.

Odaily reports that 4 newly created wallets received a total of 1,127 BTC from crypto market maker Wintermute, worth approximately $93.45 million. Based on the transfer amount, the average BTC price was about $82,900.

Odaily reports: Bankless founder David Hoffman reposted Lighter's regulatory update on X and wrote: "Lighter season back on btw."

During Lighter's Q3 investor call held last night via webcast, David Hoffman, speaking as an investor, asked: "Given that Lighter has already had extensive prior communication with the CFTC (U.S. Commodity Futures Trading Commission), do you expect the approval of the DCM (Designated Contract Market) and DCO (Derivatives Clearing Organization) licenses to come earlier than the CFTC's stipulated 180-day review period?"

Lighter founder and CEO Vladimir Novakovski responded: "We believe that the extensive prior communication will make the whole process much smoother... The CFTC currently has a lot on its plate, so we can't give an exact timeline yet... However, the CFTC is a fast-moving team internally, so we expect the overall approval process to go relatively smoothly."

Previously, David Hoffman reportedly sold all his ETH and rotated into tokens such as LIT, ZEC, and NEAR, with the rotated tokens subsequently significantly outperforming ETH.

Odaily reports: According to monitoring by Haseeb Qureshi, the cybersecurity space is experiencing a wave of attacks, with the crypto industry bearing the brunt. He stated that on-chain hacking incidents are the "canary" of the cybersecurity space, because the chain is the place where cyberattacks are easiest to monetize. Citing data, he noted that the number of on-chain hacking incidents is rising, but the annualized scale of stolen funds is roughly on par with 2025, with losses per incident declining. He said that most small protocols have already been compromised, while large protocols are leveraging AI tools to strengthen their defenses. He expects similar developments to emerge across the broader internet landscape.

Odaily reports that according to on-chain analyst Ai Yi, an address withdrew 4,500 ETH from Binance 9 hours ago at a withdrawal price of $2,509.24, worth $11.29 million. This address last accumulated ETH nine months ago, when the ETH price was above $3,000.

Odaily Report: According to DeFiLlama data, Bitget recorded $867 million in net inflows over the past 24 hours, ranking first among CEX platforms.

According to Gate data, the Hong Kong Hang Seng Index fell 2% to 23,178.37 points. MiniMax dropped as much as 6.2%, falling below its IPO issue price.

Odaily reports that on October 22, Binance Square launched the second installment of its US stock earnings season content, focusing on the Q3 earnings reports of Tesla (TSLA) and Meta (META). Both companies will release their results after the US market close on October 21 (ET), with market attention centered on whether AI investments can translate into actual revenue, profit, and cash flow.

For Tesla, despite Q3 deliveries reaching 486,532 vehicles, beating analyst consensus, automotive business profitability remains a key focus — particularly automotive gross margin excluding regulatory credit revenue. In addition, energy storage business performance, progress in Full Self-Driving (FSD), Robotaxi, and Optimus robot commercialization, as well as capital expenditures and free cash flow, will also influence market judgments on its growth outlook.

For Meta, the market will focus on advertising business growth and AI investment returns. Investors should watch revenue, ad impressions, and average price changes to assess whether AI recommendation systems and advertising tools can improve monetization efficiency. Meanwhile, Meta expects capital expenditures to reach $130 billion to $145 billion in 2026. Whether these expenditures can drive corresponding profit and cash flow growth, along with full-year expenses and forward guidance, are all key points of this earnings report.

It is understood that Binance Square will continue to follow both companies' earnings performance through earnings previews, post-earnings analysis, and live streams with analysts in both Chinese and English. Users can follow Binance Square's earnings-related topics and participate in discussions via #EarningsSeason to share their views on earnings performance and market trends.

Odaily报道 — After the CLARITY Act stalled in the U.S. Senate in September, Coinbase and several major crypto industry organizations saw their federal lobbying spending in the third quarter decline compared with the second quarter, but total spending for the quarter still exceeded $4 million and has remained above that level for six consecutive quarters. The bill was intended to establish a regulatory framework for the digital asset market. Internal industry disagreements over stablecoin yield business, pressure from traditional banking groups, and controversy over ethics provisions concerning politicians' crypto asset interests were seen as factors behind the bill's failure to pass. In the first half of 2026, the crypto industry invested more than $8 million to advance market structure legislation, with Coinbase spending about $2.2 million, Kraken nearly $1 million, and some lobbying firms terminating their partnerships with crypto industry clients in the third quarter.

Odaily reports: South Korean cryptocurrency exchange Upbit has issued an announcement stating that it has recently discovered bad actors impersonating the GIWA blockchain project, spreading false information about mainnet launch and digital asset issuance, and inducing users to transfer assets.

Upbit stated that GIWA is an Ethereum Layer 2 network being developed by its parent company Dunamu, and is currently running only a testnet. The mainnet remains in the development and preparation stage, with no official launch date announced yet.

Upbit reminds users to be wary of unconfirmed information regarding mainnet launches, token issuance, and investment opportunities, and not to trust unofficial channels that ask users to purchase digital assets, transfer funds, or connect wallets. Project updates should be based on information published on GIWA's official website and official social media channels.

Odaily reports: According to monitoring by on-chain analyst Ai Yi, the Kanye address (0xdeA…a1d5c) has pledged 18,500 WETH to Aave and borrowed $25.01 million in stablecoins, with a health rate of 1.51. Since September 29, this address has withdrawn 12,500 ETH worth $32.04 million from Binance through the above method, and has continued to add to its position from $2,736.47 all the way down to $2,460, bringing the average long position price of ETH down to $2,553.31. Seven hours ago, the address transferred 5 million USDC to 0x4BA…82cE2, which has frequent fund connections with the Kanye address.

Odaily: Bitget has listed USDT-margined AXIS perpetual futures, supporting up to 20x leverage, and its futures trading bots will be made available simultaneously.