News linked to this event type.
According to Yonhap News Agency, the South Korean National Assembly's Committee on Finance and Economic Planning held its comprehensive audit of state affairs for 2026, where the ruling and opposition parties clashed over the virtual asset taxation issue, which has been postponed three times. Originating from the 2020 revision of the Income Tax Act, the policy is scheduled to take effect starting in January 2027 under current regulations. Democratic Party lawmaker Yoon Deok-ho stated that the United States, Japan, Germany, and the United Kingdom have already implemented virtual asset taxes, noting that approximately 48 countries worldwide are currently taxing them. He argued that repeated delays undermine policy consistency, claiming that postponing or repealing enacted laws "shakes the foundations of the nation." Meanwhile, People Power Party lawmaker Lim Yi-ja pointed out that overseas exchanges have no obligation to submit transaction details to South Korea, compromising tax fairness. She also noted that industry players require at least six to nine months to build necessary infrastructure in accordance with National Tax Service announcements, indicating that current preparations remain insufficient.
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.
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.
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.
California Attorney General Rob Bonta announced on October 16 that his office has reached a $500,000 settlement with Fidelity Digital Assets, National Association (the successor entity to Fidelity Digital Asset Services), regarding the company's prior practice of restricting California retail customers from transferring cryptocurrency to external wallets. Regulators determined that this practice may have violated the California Commodity Law of 1990, which restricts certain speculative commodity contracts unless the buyer receives physical delivery within a specified timeframe. The California government views the ability to withdraw cryptocurrency as a functional equivalent of delivery.From November 2022 to April 2025, California customers could buy and sell cryptocurrency on the Fidelity platform but were unable to send assets directly to external wallets. Fidelity stated that the restriction stemmed from the New York State Department of Financial Services (NYDFS) not having approved the relevant functionality at the time; approval was granted in April 2025, and the transfer feature was extended to all California retail customers in June 2025.
Odaily reports: The PHP Foundation has stated that due to hesitant decision-making and insufficient resources, remediation work for a critical security vulnerability first discovered in 2024 stalled and restarted multiple times, and it characterized the delay as a "structural failure." PHP is a programming language widely used for websites and web applications.PHP has released emergency patches for two related critical vulnerabilities. Unauthenticated attackers could exploit the flaws to execute code on affected servers without logging in. Some government websites or online services in the Netherlands, Finland, France, Germany, and Australia were temporarily taken offline to prepare for patch installation.Security firm Calif and OpenAI separately reported the same underlying issue on August 11, and Calif also demonstrated unconditional remote code execution. Blockchain security firm SlowMist investigated PHP usage in the crypto industry and found direct PHP fingerprints on 793 of the 1,488 domains it assessed.Intersect has temporarily closed its Members Area, Coinbase said it has not found any affected PHP instances, and digital asset infrastructure company BitGo said its platform was not affected. Binance co-founder Changpeng Zhao reminded users to exercise heightened caution when visiting websites recently, and OpenAI has released a Codex skill for checking for vulnerable PHP versions. (Cointelegraph)
According to Crypto Briefing, the native token LIT of perpetual futures decentralized exchange Lighter has risen by over 15%, trading at around $3.90. Previously, Lighter announced plans to submit a derivatives license application to the U.S. Commodity Futures Trading Commission (CFTC) in November 2026. Founder Vladimir Novakovski stated that the team has been communicating with regulators for about a year, with the goal of becoming the first on-chain perpetual futures DEX to secure CFTC regulatory approval. Upon approval, Lighter is poised to provide U.S. institutions with a compliant on-chain trading channel and lay the groundwork for establishing a U.S. operational entity.
According to Consultation Paper GC26/7 published by the UK Financial Conduct Authority (FCA), the FCA launched a consultation on 21 October regarding non-Handbook guidance for decentralized finance (DeFi). The comment period closes on 18 November, with the final version planned for release in the first quarter of 2027. This guidance does not establish new regulatory requirements. It aims to clarify how existing rules under SYSC 15A (Operational Resilience), SYSC 6 (Compliance and Financial Crime), and the Money Laundering Regulations (MLRs) apply to regulated firms that use or access DeFi. The FCA stresses that regardless of whether an entity describes itself as "decentralized," authorization or exemption is required if it carries out regulated activities in the UK. The document reveals that from January to August 2026, decentralized exchanges accounted for approximately 14% to 19% of global crypto spot trading volume. In 2025, approximately 8% of UK crypto users acquired crypto assets through decentralized exchanges. According to industry data, cumulative losses from DeFi and cross-chain bridge hacks since 2016 have exceeded $12 billion.
cloud application deployment platform Railway has issued a security notice stating that on October 21 it detected abnormal activity in the system that stores customer environment variables. A preliminary investigation shows that unauthorized third parties may have accessed some encrypted environment variables and obtained the decrypted contents of some of them, involving sensitive information such as API keys, database credentials, and private image registry credentials.Railway stated that the incident may be related to a recent series of attacks targeting platform companies, with the attackers suspected of attempting to breach an AI inference service provider. The platform has notified relevant upstream service providers to proactively revoke keys.At present, preliminary analysis indicates that the scope of impact may be limited to some users, but Railway still recommends that all users immediately rotate the environment variables, API keys, and private image registry credentials stored on the platform, and check relevant service logs for abnormal activity.Railway has suspended all deployments, and new version releases are temporarily unavailable. The platform said it will directly notify affected customers by email after confirming the affected accounts and will continue to disclose investigation progress.
A summary by Jin10 data indicates that the General Offices of the CPC Central Committee and the State Council issued opinions on promoting the integration of sci-tech innovation and industrial development. France's 10-year government bond yield hit 5%, Tesla's profits declined for two consecutive quarters. Meta projects capital expenditures of up to $145 billion while facing a $25 billion fine, and multiple developments have occurred regarding the Russia-Ukraine conflict and the Middle East situation.
Odaily reports: Vantage Bank and Rio Bank, through the Participate loan servicing platform, used Hazel Network tokenized deposits to complete principal and interest payments for loan participants. Participate stated that after Vantage submitted the payment, the platform completed the allocation of principal and interest, and the tokenized deposits reached the receiving institution's digital wallet in less than 3 minutes. Loan balances and payment notifications were automatically updated in sync, connecting with the traditional process that relies on wire transfers, spreadsheets, and email notifications. The payment, announced on October 19, is the first implementation following the two banks' collaboration in April of this year. Custodia CEO Caitlin Long confirmed that the transaction occurred on the Ethereum mainnet. Hazel was jointly developed by Vantage Bank and Custodia: Participate is a company under BankLabs, providing loan workflows and payment instructions; Vantage provides banking services and reserves; Custodia handles wallets, blockchain operations, compliance, and reconciliation monitoring. According to the Hazel whitepaper, the settlement model includes both on-chain records and traditional bank ledger records, only approved participants can transact, and customer identity and account information remain off-chain. Participate plans to offer tokenized deposits and Fedwire payment automation services to 750 banks for loan participations and syndicated payments.
Odaily reports: A Fox Business crypto reporter posted on X platform that the U.S. Securities and Exchange Commission (SEC) stated that three companies have notified it of their plans to operate tokenized securities trading venues (TSVs) under the new innovation exemption policy. TSV LLC is held by Obsidian Systems co-founders Ali Abrar and Ryan Trinkle, with Ryan Trinkle also serving as a board member of the Canton Foundation; the platform plans to operate on Canton Network. OKXICE is a joint venture between OKX and ICE Markets, planning to operate on OKX's Ethereum Layer 2 network X Layer. Kephas Corp. is the U.S. subsidiary of Perpetuals.com, led by founder @PGruhnPDC, who previously served as head of FTX Europe; the platform plans to operate on Kronos X Public, a public, permissionless Layer 2 network that adopts permissioned trading pools. The SEC stated that inclusion on this list does not mean the relevant companies have met the conditions of the innovation exemption.
Odaily reports: The UK Financial Conduct Authority (FCA) has announced the launch of two consultations, covering guidance for decentralized finance (DeFi) firms on compliance with anti-money laundering and financial crime rules, as well as arrangements to exclude certain cryptoassets from the regulatory perimeter under recent legislative changes.The FCA stated that the proposed DeFi guidance is intended to clarify existing rules rather than create new policy. The FCA is also consulting on cryptoasset regulatory exemptions.The UK Cryptoasset Business Council said that DeFi is one of the most innovative areas of financial services, and that the UK should establish clear and proportionate regulatory boundaries to keep responsible innovation developing domestically.The FCA opened applications for firms under the new crypto regulatory regime on September 30, with applicant firms required to complete compliance by February 28, 2027. The regime covers stablecoin holding arrangements and reserve assets and is expected to take effect from October 2027. (Cointelegraph)
Odaily Report: Uniswap founder Hayden posted on X that the first UNI block trade executed through a regulated traditional finance channel has been completed, marking the first instance of a DeFi token executing a block trade through such a channel.
Odaily reports: Bessent posted on X that the GENIUS Act is a watershed moment for the U.S. financial sector, further cementing the United States' position as the global crypto hub. He noted that just as President Lincoln's National Currency Act of 1863 established a national framework for banks issuing currency, the GENIUS Act establishes a federal framework for payment stablecoins in the digital age. Bessent stated that the Office of the Comptroller of the Currency (OCC)'s final rule advances the implementation of the Act, providing a clear and pragmatic foundation for private-sector innovation, competition, and U.S. leadership in digital assets.
Odaily News: Kalshi and BitGo have reached a new arrangement allowing certain customers to borrow against their custodied crypto assets and use the loan proceeds as margin for leveraged perpetual futures trading on the Kalshi exchange. The arrangement is aimed at clients of Kalshi Prime, Kalshi's US-registered futures commission merchant, and adopts a tripartite collateral management structure; loans are provided by its affiliated lending company Kalshi Katalyst, with collateral assets held at BitGo Bank & Trust. Eligible collateral assets include Bitcoin, Ethereum, and stablecoins deemed compliant with the GENIUS Act, with additional custodians expected to be onboarded in the future. Kalshi Prime CEO Jeff Bandman said the arrangement allows customers to participate in trading without having to exit their crypto asset positions.
Odaily reports: Bitcoin News posted on X that Russia will require individuals to conduct P2P digital asset transactions through licensed brokers or registered exchanges starting July 1, 2027, and will restrict transfers from regulated digital asset accounts to personal non-custodial wallets. Non-qualified investors must pass a knowledge test, and their annual digital asset purchases through each intermediary must not exceed 300,000 rubles. The use of Bitcoin and other digital assets to pay for goods and services within Russia remains prohibited.
Odaily reports: Robinhood's venture capital fund Robinhood Ventures Fund I (NYSE: RVI) has announced that it has spent $30 million to purchase preferred shares of Erebor Bank, National Association, a U.S. bank. Erebor is a U.S. nationally chartered bank focused on the innovation economy, serving sectors including defense, robotics, artificial intelligence, and hard tech. The bank obtained a national bank charter from the U.S. Office of the Comptroller of the Currency (OCC) and federal deposit insurance in February 2026, and its deposits have now exceeded $7 billion.Erebor was founded in 2025, co-founded by Palmer Luckey and others, and is backed by institutions including Valor Equity Partners, Lux Capital, and 8VC. RVI is the first fund under Robinhood Ventures and listed on the New York Stock Exchange in March 2026, primarily providing investors with exposure to private company equity by investing in private companies. (fxnewsgroup)
Securitize announced a partnership with Anchorage Digital Bank to introduce a stablecoin issued by a federally chartered bank onto its platform. Securitize will directly handle the minting and redemption of the stablecoin through Anchorage Digital Bank, which will be responsible for custody and settlement, ensuring the entire process is managed by a regulated banking institution. This enables the US dollar side of institutional tokenized asset transactions to meet the same counterparty and custodial standards as the security side.