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Bitcoin News posted on the X platform that France is considering imposing a 31.4% capital gains tax on certain Bitcoin-to-stablecoin transactions, levying an exit tax on crypto assets valued over 800,000 euros, and requiring the declaration of self-custodied wallet assets valued at no less than 100,000 euros.Related proposals also include allowing the carryover of crypto asset losses for 10 years, but none of these have yet become law; the French National Assembly has rejected the revenue portion of the 2027 budget, and the related measures still need to be resubmitted for review.

Changxin Technology announced that it expects its operating revenue for the first three quarters of 2026 to be approximately 265 billion to 270 billion yuan, an increase of 232.916 billion to 237.916 billion yuan compared to the same period last year; it is expected that the net profit attributable to shareholders of the listed company will be approximately 131 billion to 132.5 billion yuan, compared to a loss of 5.28 billion yuan in the same period last year, achieving a turnaround.The company stated that due to the growth in demand for AI computing power and the improvement in the prosperity of the DRAM industry, there is a supply shortage of products and prices have risen sharply; the company is advancing capacity construction, product research and development, and process technology improvements, optimizing operational management and expanding the market.In addition, the company's chairman, Zhu Yiming, proposed to repurchase company shares for 1 billion to 2 billion yuan, with the repurchased shares intended for employee equity incentives, employee stock ownership plans, or reducing registered capital. The relevant plan still needs to go through the review process.

Strategy officially stated that the company has conditionally declared a daily dividend for its variable rate A series perpetual preferred stock STRC from November 1 to November 30, 2026, maintaining an annualized regular dividend rate of 12.00%.This arrangement depends on the approval of the daily dividend amendment by Strategy shareholders at the special shareholder meeting on October 28, and the completion and effectiveness of the relevant preferred stock terms revision. If conditions are met, STRC will use each calendar day as the dividend record date starting from November 1, including weekends and U.S. holidays; the corresponding dividend will be paid on the next business day after the applicable record date.This adjustment will change the cash flow rhythm of STRC. The product currently adopts a bi-monthly dividend mechanism, and future holders will receive more frequent, smaller dividend payments; Strategy emphasizes that the adjustment will not change the annualized dividend rate or the total annual dividend amount. If the amendment is not approved, STRC will continue to pay dividends according to the existing semi-monthly rhythm.According to the proposed terms, the 12% rate will cover the entire month of November; thereafter, STRC's applicable dividend rate will be determined monthly, and the company must announce the next month's rate by the 15th of the previous month.

The Hong Kong Stock Exchange published a consultation summary document regarding the shortening of the settlement cycle for the Hong Kong stock cash market, showing broad support for the implementation of a T+1 settlement cycle in the Hong Kong securities market. After consolidating stakeholder opinions, the Hong Kong Stock Exchange plans to complete the relevant transition in the second half of 2028, provided that the market is ready and regulatory approval is obtained.A total of 109 unique responses were received during this consultation, from market stakeholders including brokers, custodians, investment managers, industry associations, technology providers, and investors. Respondents agreed on Hong Kong adopting a T+1 settlement cycle and recognized that this move would help enhance market efficiency, reduce settlement risks, improve capital efficiency, and strengthen Hong Kong's competitiveness as an international financial center.

Lily Liu, the chair of the Solana Foundation, stated in a post on October 16 that they showcased Solana on a large screen because of their deep affection for the Chinese community and gratitude for the warm welcome from the Chinese community. The display refers to the light show on the entire exterior wall of the Citibank building in Lujiazui, Shanghai on the evening of October 14.She mentioned that due to the publicity, the number of registrations for the Solana Shanghai event quadrupled overnight, far exceeding the limit reported to local government departments, and it could not prevent people from flooding the venue. To comply with local requirements, the event will be postponed and will be held when it can better accommodate the size of the community. She apologized to those who came from near and far wanting to participate in the Shanghai Solana event.

Singapore Gulf Bank (SGB) announced that personal customers can conduct two-way exchanges between USD and USDT, USDC through the mobile banking app, without the need to transfer funds to a cryptocurrency exchange.Customers can hold USDT, USDC, and other fiat currencies in the same bank account, and the service supports 24-hour exchanges from Monday to Friday. Singapore Gulf Bank was initiated by the Singapore Huangpu Group.

The Hong Kong police announced that over the past two weeks, they have received more than 150 cases of WhatsApp account hijacking scams, with total losses exceeding 15 million Hong Kong dollars. Recently, an employee of a local company engaged in virtual currency exchange encountered account hijacking. The scammers blocked the original work group and blacklisted members, copied the group image, name, members, and profile pictures to create a fake group, impersonating a customer representative to request exchanges.The victim, as per usual practice, first transferred cryptocurrency to the designated wallet of the other party. It was only after discovering that the customer account balance was insufficient and calling to verify that they realized they had been scammed, resulting in a loss of over 4 million Hong Kong dollars for the company. The police remind that WhatsApp groups can be forged, but the member phone numbers cannot be exactly the same as those in the real group, and the timestamps of conversations cannot be replicated. They also suggest enabling two-factor authentication and verifying the other party by phone before making remittances, avoiding logging into accounts on public WiFi or public computers.

The Shanghai Municipal Cyberspace Administration and the Data Bureau released "Several Measures to Promote High-Level Opening Up in Shanghai and Facilitate Cross-Border Data Flow," supporting the construction of international data centers and supporting the computing power service industry and related cross-border digital services.Promote the construction of the National Blockchain Network (Shanghai Hub), strengthening foundational capabilities such as distributed digital identity, privacy computing, and cross-chain services.

The Solana Accelerate China team announced on October 16 that due to logistical considerations regarding the venue, the event originally scheduled for that morning in Shanghai has been postponed, with the specific time to be confirmed and communicated to registered attendees. The official apology for the hasty adjustment was issued, and attendees are asked to pay attention to notifications and emails from Luma.According to on-site sources, law enforcement personnel were stationed at the Shanghai Shangri-La Hotel, and participants were blocked from entering the venue for over an hour. The team has not provided further details regarding the specific reasons for the postponement or the new event arrangements.

The Korea Exchange has launched a sidecar mechanism for the KOSDAQ index.

On-chain analyst Murphy posted on the X platform, stating that during the recent decline of BTC, the scale of short-term holders (STH) transferring BTC to exchanges has significantly increased, averaging about 2,200 BTC transferred per hour over a 4-hour period, reaching the fourth highest level since the market rally began in August this year. However, the peak of transfers has fallen below that of October 8, indicating that the potential selling pressure from short-term holders has weakened.In contrast, long-term holders (LTH) transferred an average of only about 480 BTC to exchanges per hour during the same period, which is about one-fifth of the short-term holders. Murphy pointed out that on October 8, long-term holders experienced a peak transfer of about 3,700 BTC per hour, which may be partly related to asset transfers triggered by security incidents involving hardware wallets. However, considering that both short-term and long-term holders experienced large-scale transfers that day, and the rapid decline in BTC prices, there remains actual selling pressure in the market. Murphy believes that during the current decline, the main transfers to exchanges are from short-term holders, while long-term holders remain relatively stable overall, and the intensity of transfers from short-term holders has weakened compared to before, reflecting that the structure of BTC holders still has a certain resilience.

According to on-chain analyst Ai Yi's monitoring, a certain whale that built a position in ETH at the top of this bull market started accumulating around $4600 in September 2025. Subsequently, during the price decline, it continued to add to its position, extracting a total of 15,810 ETH, worth $63.85 million, with an average price of $4,101.85.From October 2025 to October 2026, this whale deposited a total of 15,361.1 ETH to exchanges, worth $49.55 million, during which it made deposits at price levels such as $4,478 and $1,910. The most recent deposit occurred 5 hours ago, with a final average deposit price of $3,226.22. If the aforementioned ETH were sold, it would incur a loss of $13.45 million. Currently, there are still 572 ETH remaining on-chain.

According to monitoring by Lookonchain, Bitcoin treasury company Hut 8 holds 10,300 Bitcoins, valued at 846 million dollars, and is currently suspected of selling Bitcoin.The wallet associated with Hut 8 (bc1q...xqka) has deposited 1,589 Bitcoins, valued at 130 million dollars, to multiple exchanges in the past two days.

U.S. Democratic Senator Mark Kelly accused Trump of purchasing $5 million in SpaceX bonds and announced a significant space policy change affecting SpaceX two days later, questioning the corrupt nature of his actions.

Stripe announced a collaboration with Plasma to develop a multi-currency stablecoin card, aimed at allowing individuals and businesses to spend the currencies they already hold in their accounts, reducing unnecessary currency conversion and foreign exchange costs. Plasma will serve as the design partner, integrating with Stripe's stablecoin card infrastructure, enabling customer account balances to be used for payments through the multi-currency card.The expanded infrastructure will support US dollars, Brazilian reais, euros, Mexican pesos, and Colombian pesos; stablecoins include USDC, OUSD, and qualified stablecoins that meet the requirements of the GENIUS Act. The Stripe stablecoin card service currently covers over 30 countries, with plans to expand to over 100 countries by 2027.For example, users holding euros will be able to spend directly in euros in the future, without needing to convert to US dollars first; businesses can issue currency cards that match their spending needs. Stripe also plans to support cardholders in spending from multiple account balances and automatically selecting the appropriate currency at the time of purchase.

The Monetary Authority of Singapore (MAS) has revoked the major payment institution license of the currency exchange and cross-border remittance entity Sir Money Changer Pte. Ltd. (SMC) under the Payment Services Act 2019, effective from September 15, 2026. From that date, SMC is no longer allowed to provide cross-border remittance and currency exchange services.The action by MAS stems from an investigation that found SMC allowed third parties to independently operate cross-border remittance services in one of its business premises under the name of SMC and provided false or misleading information to MAS. MAS pointed out that license holders must not allow third parties to use their license to conduct financial service activities and require payment service providers to maintain effective supervision and control over their business operations.

On October 13, Paul S. Atkins, Chairman of the U.S. Securities and Exchange Commission (SEC), issued a statement announcing that the Commission voted that day to approve a proposed rule change by a certain securities exchange, allowing for the listing of binary options based on specific key performance indicators (KPIs) reported by certain stock issuers.According to the approval order, these binary KPI options will be listed and traded on the securities exchange, classified as cash-settled, European-style, standardized options, and recognized as NMS securities, protected under securities law. Their listing and trading methods will be largely similar to existing standardized non-binary options and will be subject to the exchange's rules regarding customer accounts, margin, trading halts, auction mechanisms, market maker designations and quoting obligations, order types, validity periods, and order instructions.The approval order only covers the aforementioned specific binary option contracts traded on exchanges that comply with securities law and the listing and trading of standardized securities options, and does not involve similar products that are based on the same KPIs but have different structures. The statement also noted that the approval order does not address or exclude the jurisdiction of the U.S. Commodity Futures Trading Commission (CFTC) over contracts based on the same KPIs but designed to fall under its jurisdiction.

According to the latest stock derivatives exchange ranking released by RootData, the top three exchanges are Binance, Bitget, and Gate.Among them, Binance scored 95.4, with a 24h trading volume of approximately 25.341 billion USD and a market share of 45.57%; Bitget scored 93, with a 24h trading volume of approximately 3.073 billion USD and a market share of 5.53%; Gate scored 92.6, with a 24h trading volume of approximately 964 million USD and a market share of 1.74%.