[South Korea’s ruling party to discuss further delay to crypto tax]

South Korea’s ruling Democratic Party plans to discuss a further delay to taxation on virtual assets, which is scheduled to take effect in January next year, saying it will closely review tax fairness, predictability and actual implementation conditions, Newsis reported.

Floor leader Han Byung-do said at a National Assembly strategy meeting for the parliamentary audit today that concerns have been raised over whether authorities have secured enough trading data from overseas exchanges to enforce taxation on virtual asset income from January and whether the burden could fall disproportionately on users of South Korean exchanges. Han said the Democratic Party is well aware of those concerns and a range of opinions.

Han added that the party has listened closely to public opinion and plans to hold a general meeting of lawmakers today to gather final internal views before delivering the results to the government. The party will discuss necessary supplementary measures, including a possible delay to the implementation timeline, and will also accelerate legislation of a digital asset framework act to clarify the legal status of virtual assets and establish the backbone of industry regulation for fair taxation.
https://coinness.com/en/news/1173041
See more: https://www.newsis.com/view/NISX20261027_0003842343

[MARA Holdings likely sold another 1,000 BTC, Lookonchain says]

A wallet believed to be linked to Bitcoin miner MARA Holdings (NASDAQ: MARA) deposited 1,000 BTC worth $80.19 million into BitGo six hours ago, suggesting a sale, according to a Lookonchain analysis. Such transfers are typically interpreted as being intended for selling. MARA Holdings has continued this year to sell mined and held BTC to raise cash, and it was also estimated to have sold the same amount last week.
https://coinness.com/en/news/1173042

[BlackRock explores linking tokenized MMF with yen stablecoin]

BlackRock is jointly reviewing a plan to link a tokenized money market fund with a yen-denominated stablecoin alongside Japanese financial group SBI Holdings and blockchain company Startale Group, The Block reported.

The collaboration will focus on connecting SBI-issued yen stablecoin JPYSC with a tokenized MMF across three areas: technology and infrastructure, business models and distribution, and regulatory and market development. The parties plan to examine the technical requirements and infrastructure needed to integrate the two assets, explore business models and distribution opportunities using each company’s network and market access, and review regulatory trends related to tokenized assets and stablecoins. The cooperation will also be open to financial institutions and companies in Japan and overseas.
https://coinness.com/en/news/1173044

[KOSPI buy-side sidecar triggered after 4 trading days]

South Korea’s Korea Exchange triggered a buy-side sidecar as gains in the KOSPI widened. It was the first such move in four trading days since Oct. 21. The KOSPI was trading at 5,701.12, up 4.26% from the previous session. A sidecar is designed to prevent sharp moves in the futures market from spilling over into the spot market, and is triggered when KOSPI 200 futures rise or fall more than 5% from a reference price for more than one minute.
https://coinness.com/en/news/1173045

[SEC delays effective date for GraniteShares 3x XRP ETF filing to Nov. 30]

The U.S. SEC has delayed the effective date of registration documents tied to GraniteShares’ leveraged XRP ETFs to Nov. 30, according to CoinGape.

CoinGape said an amended filing submitted on Oct. 26 includes the GraniteShares 3x Long XRP Daily ETF and the GraniteShares 3x Short XRP Daily ETF, along with leveraged Bitcoin, Ethereum and Solana products. The filing was intended to postpone the effective date and did not specify any link to the Nov. 3 U.S. midterm elections or give a detailed reason for the delay, the outlet said. CoinGape added that the move extends the wait for investors expecting new XRP-related investment products.
https://coinness.com/en/news/1173046

[Two whales deposit $11.7M in ETH to exchanges]

Two anonymous addresses deposited about 5,000 ETH worth $11.69 million to Kraken and Binance, according to ai_9684xtpa.

One address starting with 0x882 deposited 2,558.85 ETH worth $5.9 million to Kraken, with an average entry price of $2,880. Another address starting with 0x5a3 deposited 2,511 ETH worth $5.79 million to Binance. Exchange deposits are typically seen as intended for selling.
https://coinness.com/en/news/1173047

[Ethereum whale from 2015 ICO deposits 3,000 ETH to exchanges in 24 hours]

An Ethereum whale address beginning with 0x6C67, which bought 100,000 ETH at $0.311 each during the 2015 ETH ICO, has continued selling ETH, according to ai_9684xtpa. Over the past 24 hours, the whale deposited 3,000 ETH to exchanges. If sold at current prices, the position would represent a 746,324% return.

The whale still holds 47,000 ETH on-chain. Yesterday, the address also transferred more than $100 million in stablecoins to multiple exchanges, market makers and OTC desks, although the purpose was unclear.
https://coinness.com/en/news/1173048

[Optimism proposes security council overhaul with OP holder veto power]

The Optimism Foundation has proposed amending its operating manual to change how members of its Security Council are appointed, CryptoSlate reported. Under the proposal, disclosed on Oct. 22 local time, an elected Security Council lead would nominate candidates, and the nominees would be appointed unless the Token House, a governance body for token holders, secures 20% of votable OP supply to exercise a veto.

If approved, the revision would replace the current group-based election system with the nomination-and-veto process. It would also set a one-week review period for each candidate and a one-week veto voting period, while keeping token holders' authority to remove the lead. CryptoSlate noted the draft proposal would effectively reduce token holders' voting rights, although it remains at the draft stage.
https://coinness.com/en/news/1173049

[Anonymous whale deposits $17.3M in SOL to exchanges over 3 days]

An anonymous whale deposited 171,430 SOL worth $17.3 million into exchanges through three addresses over the past three days, Lookonchain reported. The whale has moved a total of 482,228 SOL and may make additional deposits. Exchange deposits are typically interpreted as intended for selling.
https://coinness.com/en/news/1173050

[CZ says RWA tokenization puts U.S. capital markets on-chain for global investors]

Binance founder Changpeng Zhao, also known as CZ, said in an interview with Andy, founder of the crypto podcast The Rollup, that tokenization of real-world assets could broaden global investor access to U.S. capital markets and described RWA as exporting U.S. capital markets on-chain.

Zhao added that RWA is a tool to help more people access assets in major markets more easily rather than replace the existing financial system. Zhao also said tokenized stocks will take a long time to gain broad adoption, but argued their value will ultimately be recognized as ownership becomes more widespread. Zhao further emphasized blockchain is a technology that all financial participants, including traditional finance, should use, and said convergence between traditional finance and the crypto industry will expand further.
https://coinness.com/en/news/1173051

[Binance to temporarily suspend ETH mainnet deposits and withdrawals]

Binance announced it will conduct Ethereum wallet maintenance at 6:00 a.m. UTC on Oct. 28. As a result, deposits and withdrawals on the ETH mainnet will be suspended starting at 5:55 a.m. UTC on Oct. 28.
https://coinness.com/en/news/1173052

[Bitchat rises to No. 1 in France iOS social networking after telecom outage]

Bitchat, a decentralized P2P messaging app from Twitter co-founder Jack Dorsey, ranked first in the social networking category on France’s iOS App Store, CoinPost reported. Downloads are said to have surged amid nationwide protests in France and after Orange’s roughly 10-hour service outage on Oct. 21. The app connects nearby smartphones via Bluetooth, allowing users to send and receive messages without internet or mobile networks, and also supports Cashu, a Bitcoin-based electronic cash payment protocol.
https://coinness.com/en/news/1173053

[Willy Woo says simulation puts BTC at $1M by February 2033]

On-chain analyst Willy Woo said a Monte Carlo simulation of 10,000 BTC price paths showed a median outcome of $1.03 million by February 2033, according to BeInCrypto.

Woo said the result was a simulation rather than a prediction, with BTC potentially reaching roughly $240,000 to $410,000 at its 2028 peak. The Monte Carlo method referenced price data from the 2018 and 2022 bottoms and modeled both upside and downside scenarios. He added that, under the median path, BTC would rise to $413,000 by December 2028 before falling 43% to $234,000 in April 2030.

According to the simulation, the most bullish case puts BTC at $1.44 million in March 2029, while the most bearish case puts it at $51,900 in April 2030.
https://coinness.com/en/news/1173054

[Ethereum Foundation says privacy and security are inseparable]

The Ethereum Foundation said on its official X account that privacy and security cannot be treated as separate goals. Citing a recent wave of hacking attacks and exploits, the foundation added that the two are inseparable and that making privacy a default could reduce concerns that attackers may exploit users’ on-chain transaction histories.
https://coinness.com/en/news/1173055

[UXLINK hacker makes $5.62M unrealized gain on Hyperliquid]

A hacker who stole $40 million from UXLINK last year is trading on Hyperliquid, according to EmberCN. The address currently holds a 30,000 ETH long position with an average entry price of $2,134 and an unrealized profit of $5.62 million.

EmberCN said the address appears to be linked to the hacker because funds sent to Hyperliquid came from the UXLINK hack address. EmberCN added that the address began trading in August after amassing 11.54 million USDC, and made $5.71 million in profit across five winning trades out of six.
https://coinness.com/en/news/1173056

[Two dormant whales deposit $206.5M in BTC to Coinbase Prime after 3 years]

Two anonymous whale addresses that had been dormant for about three years deposited 2,571 BTC worth $206.52 million into Coinbase Prime 10 hours ago, Lookonchain reported. Exchange deposits are generally seen as intended for selling.
https://coinness.com/en/news/1173057

[Justin Sun-linked address withdraws $20.3M in PEPE from Poloniex]

A wallet believed to be linked to TRON founder Justin Sun withdrew 4.65 trillion PEPE worth $20.32 million from Poloniex, according to ai_9684xtpa. Exchange withdrawals are generally interpreted as a sign of holding rather than selling. The address currently holds 11.8 trillion PEPE, with an average entry price of $0.000004114 and unrealized gains of $2.085 million.
https://coinness.com/en/news/1173058

[Jeffrey Huang loses all funds in perp DEX paper trading]

Taiwanese singer Jeffrey Huang, better known as Machi Big Brother, lost all funds in paper trading on a decentralized perpetual futures exchange, according to Lookonchain. Huang had just $4,517.7 left in a Hyperliquid account, and one hour ago cut losses on another Mutant Ape NFT to raise additional trading capital.
https://coinness.com/en/news/1173059

[Thailand launches crypto payment app for tourists with baht conversion]

Thailand has launched WORPT, a digital wallet that lets foreign tourists convert USDT and USDC into baht for payments through Thailand’s PromptPay QR network, Bitcoin.com reported. WORPT operates under the sandbox of Thailand’s SEC and Digipay, and was developed by Waan Exchange and Wipay. Merchants can receive settlement in baht instead of cryptocurrency. Tether, Visa and The Mall Group are participating in the project, while WORPT is also preparing physical and virtual cards and plans to hold an official launch event in November.
https://coinness.com/en/news/1173060

[Zcash co-founder proposes shifting 8% block subsidy allocation to sustainability fund]

Zcash co-founder and core developer Sean Bowe has submitted a draft Zcash Improvement Proposal, or ZIP, to end the Zcash Community Grants, or ZCG, allocation that accounts for 8% of the block subsidy and redirect it to a Network Sustainability Mechanism, or NSM, Wu Blockchain reported. The proposal would hold the reallocated funds so they do not immediately enter circulation.

The proposal argues ZCG’s existing reserves are sufficient to continue its grant-making activities, and the share of new block subsidies previously allocated to ZCG would instead be redirected to the NSM to support the network’s long-term operations.
https://coinness.com/en/news/1173061

[24-hour crypto futures liquidations]

The following shows estimated liquidation volumes and position ratios for major crypto perpetual futures over the past 24 hours:
- BTC: $37.39 million liquidated (51.88% longs)
- ETH: $27.76 million liquidated (54.41% longs)
- Q: $7.86 million liquidated (73.83% shorts)
https://coinness.com/en/news/1173062