Odaily reports: France's National Assembly passed a 2027 budget amendment with 38 votes in favor, 37 against, and 25 abstentions, proposing to eliminate the tax deferral treatment for converting cryptocurrencies into single-currency stablecoins starting January 1, 2027, and to bring such transactions within the scope of capital gains taxation.

Under the amendment, when investors convert crypto assets into stablecoins pegged to fiat currencies such as the euro or U.S. dollar, they may be required to pay capital gains tax at the current flat rate of approximately 31.4%, even if the assets are not converted into legal tender.

The amendment was proposed by French lawmaker Nicolas Sansu and others, and France's Minister of Public Accounts had previously called for its withdrawal on the grounds of implementation complexity. The amendment has currently only passed the first reading in the National Assembly and has not yet formally become law; it still needs to go through Senate review and subsequent legislative procedures. (The Defiant)

Odaily reports, according to Hyperbot data, Machi Big Brother made a swift comeback four hours ago after suffering a total liquidation, re-opening a 25x leveraged Ethereum long position. The position currently holds 1,325 ETH, valued at approximately $3.2 million, with an unrealized profit of about $30,000. The current liquidation price is $2,368.

Odaily Report: According to on-chain analyst Ai Yi's monitoring, the top three ETH positions on Hyperliquid are currently showing an unrealized loss of $9.493 million, with one address becoming the address with the largest unrealized loss on ETH. This address has held a 13x long ETH position since September 21, during which it reduced its position by 8,250 ETH, realizing an actual loss of $2.277 million. It currently still holds 40,268.75 ETH, worth approximately $97 million, with an average entry price of $2,646.05, a liquidation price of $2,290.99, and a remaining liquidation buffer of $116.51.

Odaily Report: According to Lookonchain monitoring, trader "Brother Machi" (@machibigbrother) suffered a full liquidation again approximately 4 hours ago, with nearly all of the 250,000 USDC deposited two days prior now lost.

Lookonchain noted that Machi's unrealized gains on the Hyperliquid platform once reached as high as $44.84 million a year ago. Now, not only has he given back all of those profits, but he has also incurred an additional loss of approximately $36.85 million, with cumulative P&L having drawn down about $81.69 million from its previous peak.

Odaily reports: The South Korean government plans to convene representatives from the five major virtual asset exchanges—Upbit, Bithumb, Coinone, DigitalX, and Gopax—along with executives from the Digital Asset Exchange Alliance (DAXA) on October 20 to hold a forum on the virtual asset taxation policy originally scheduled to take effect in January 2027, in order to gather industry feedback.

Under the current plan, South Korea will levy a 22% tax rate on income from virtual asset transfers and lending after deducting a basic exemption of 2.5 million Korean won. The tax policy has been postponed three times since it was proposed in 2020, and the government is currently still advancing preparatory work according to the original timetable. The National Tax Service of South Korea is expected to issue relevant announcements in November.

In addition, South Korean financial regulators are accelerating the government draft of the "Digital Asset Basic Act," which is expected to be completed by the end of this month, with the relevant consultation process to be launched. (Yonhap)

Odaily Report: Former Mt. Gox CEO Mark Karpelès posted on X platform, criticizing that if Ledger had disclosed the relevant issues in a more timely and effective manner, rather than only publishing an inconspicuous article on Ledger Academy, losses exceeding $90 million might have been avoided. He also questioned why Ledger had not maintained sufficient vigilance regarding mass-produced advanced implant devices.

In response, Ledger CEO Pascal Gauthier questioned Mark Karpelès's stance, stating that Ledger has always done its utmost to protect users. He said that related security work is extremely challenging and acknowledged Karpelès's concern about the matter, but demanded that he speak based on known facts and avoid speculation. He also remarked sarcastically: "Come on, you're no white knight, be realistic."

Odaily reports: South Korean Finance Minister Lee Hyung-il said on Saturday that the semiconductor industry boom will continue at least through 2027. Speaking to CNBC on the sidelines of the IMF and World Bank annual meetings in Bangkok, Lee said: "At present, we judge that this round of growth can last at least until next year. The reason is that the semiconductor supply-demand gap remains huge, and the supply side is still expanding." Lee said chip stocks have amplified volatility in the South Korean stock market this year. He noted that the semiconductor industry accounts for a larger share of the domestic economy than in other countries, which has caused sharp market swings. But he stressed that despite market fluctuations, South Korea's economic fundamentals remain solid.

Odaily reports that Solana officially announced on the X platform that Mudwater TCG, a physical and digital trading card game under Yuga Labs, has launched on Solana. The series features 120 BAYC-themed artworks and includes different versions such as foil cards, numbered cards, and ice-crack rare cards.

Bored Ape Yacht Club officially stated that a total of 6,551 Totems have been airdropped to BAYC and MAYC holders, who can use the Totems to claim Mudwater card packs.

1. Arthur Hayes: Quantum computing is not a reason to sell Bitcoin; users should pay attention to wallet management;

2. "AI Stock Guru" Leopold's fund plans to disclose Q3 holdings on November 16, having previously bet on SanDisk and Micron in the first half of the year;

3. Frgmnt co-founder says stablecoins cannot fully decouple from traditional banking risks;

4. Deutsche Bank plans to launch institutional-grade crypto custody, initially targeting professional clients in Germany;

5. Solana has not reported mainnet downtime for two consecutive years; Fidelity notes that areas such as staking require continued observation;

6. Analyst: Bitcoin reversed on Monday after rising for 3 consecutive weekends; opposite moves often occur during weekend declines;

7. The team behind TRUMP earned $779 million to $1.16 billion in profits from coin buyers, who suffered losses of 97%;

8. Approximately 6.04 million BTC face quantum exposure risk; 9 blockchain organizations establish the Quantum Alliance;

9. Former Mt. Gox CEO Mark Karpelès accuses Ledger CEO of failing to properly handle hardware wallet supply chain attacks;

10. With $2.3 billion in outstanding balances, Coinbase advances crypto-backed loans alongside on-chain bank deposits;

11. Circle plans to expand into approximately 40 emerging markets, covering Southeast Asia, Latin America, Africa, and the Middle East;

12. Polygon Labs completes acquisition of Coinme, entering the payments market via stablecoin infrastructure.

Odaily reports: According to MSX.COM data, between 05:22 and 05:32 Beijing time today, the prices of perpetual contracts related to multiple US AI concept stocks experienced a brief sharp decline, followed by a rebound.

Among them, Western Digital (WDC) fell as much as 7.03%, hitting a low of $298.70, and is now at $318.65; Nebius (NBIS) fell as much as 6.97%, hitting a low of $155.12; Applied Optoelectronics (AAOI) fell as much as 6.93%, hitting a low of $70.52; IREN fell as much as 6.92%, hitting a low of $25.17.

In the memory chip sector, Micron (MU) fell as much as 6.32%, hitting a low of $818.57, and is now at $864.76; SK Hynix (SKHY) fell as much as 6.30%, hitting a low of $127.68, and is now at $135.14; SanDisk (SNDK) fell as much as 6.10%, hitting a low of $1,215.35, and is now at $1,269.35.

In addition, CoreWeave (CRWV) fell as much as 5.87%, and the SpaceX-related perpetual contract (SPCXUSDT) fell as much as 3.50%.

Odaily reports: Variational announced in its official Discord channel that due to an update to the wallet connection process, during a maintenance window 5 days from now (expected at 3:00 AM on Friday, October 23, 2026), all users will be logged out and must log back in through the new process to view their positions and resume trading.

Based on the development cadence Variational previously hinted at, the community speculates that this update is most likely related to the introduction of a trading API feature. Given that every Friday is Variational's points distribution day, if the trading API does indeed go live in the next update, the intervention of programmatic trading is expected to rapidly amplify the platform's trading volume, which could significantly affect the efficiency of points acquisition.

Odaily reports that pump.fun has launched perpetual contract trading services on its frontend based on Hyperliquid's Builder Code mechanism.

pump.fun stated in its official documentation that when users trade on Hyperliquid through its perpetual contract feature, pump.fun charges a developer fee (Builder Fee) of up to 0.10% on the notional value of each order submitted by users (including opening, adding to, or closing positions). Additionally, for each transfer of assets to or from Hyperliquid via the cross-chain bridge provided within the app, pump.fun charges a fee of up to 0.25%, which is charged on top of the fees collected by the cross-chain bridge operator itself and may be displayed together with the operator's fee as a combined cross-chain fee amount.

Odaily Report: According to on-chain analyst Yu Jin's monitoring, a whale holds a 1,360 BTC long position worth $110 million, with a liquidation price of $80,034, and has set a market stop-loss at $80,500.

Odaily reports: On their Q3 earnings calls, Goldman Sachs, Wells Fargo, and Morgan Stanley said they view tokenization as a business growth opportunity, but none provided related revenue expectations. Goldman Sachs is exploring expanding its use of DTCC's tokenization services; Wells Fargo has used tokenized deposits to process cross-border payments, with funds able to reach recipient accounts within two minutes, and is exploring tokenized securities, RWA, and crypto trading services for wealth management clients; Morgan Stanley said tokenization can accelerate and simplify asset transfers, but clients still need investment advice.

Odaily News: According to on-chain analyst Ember's monitoring, a whale that previously opened a $187 million long position with maximum leverage had its 4,890 ETH long position liquidated at $2,356 during the decline at 5 AM today, with the position value at $11.74 million. This price was the lowest point ETH reached in the early hours of today and may have been driven by this liquidation.

Odaily: Tesla CEO Elon Musk admitted that he "got a little off track" in political affairs, spending more time away from his companies than he should have. Musk said he should have played a less high-profile role and should not have spent more than a month or two on government affairs, whereas in reality he spent about four months at the White House. Musk noted that he should have returned to focusing on the field of artificial intelligence sooner.