Odaily Morning Brief

1. US stock AI concept perpetual contracts collectively crashed in the early morning, with Western Digital falling over 7% at one point, while Micron and SK Hynix dropped over 6%;

2. The South Korean government plans to convene the five major crypto exchanges on October 20 to hear opinions on the 22% crypto tax to be imposed in 2027;

3. The French National Assembly passed a tax amendment on crypto-to-stablecoin conversions by a one-vote margin, planned for implementation in 2027;

4. Papertrade perpetual contracts may soon launch, with Paragon winning the PAPER ticker for approximately $45,000;

5. South Korea's five major crypto exchanges plan to push for a fourth delay of the 22% crypto tax, with the ruling party proposing an extension to 2029;

6. Ledger CEO fires back at former Mt. Gox CEO: You are no white knight, stop making reckless speculations;

7. South Korean Finance Minister: The semiconductor market boom will last at least until next year;

8. pump.fun has launched perpetual contract trading services based on Hyperliquid, charging a Builder Fee of up to 0.1% per order;

9. Last week's "manual" opportunity? Variational is suspected to activate its trading API next Friday;

10. Goldman Sachs, Wells Fargo, and Morgan Stanley view tokenization as a growth opportunity, but none provided revenue expectations.