Author: James Wilson
South Korea has moved closer to another debate over delaying its planned 22% cryptocurrency income tax, with officials preparing to meet five major exchanges on October 20 after a ruling-party lawmaker introduced legislation that could push implementation toward 2029. Summary South Korean officials will meet five major crypto exchanges Tuesday to discuss January’s scheduled tax rollout. A new bill proposes delaying cryptocurrency taxation until after international transaction data sharing begins operating. The current framework imposes a combined 22% tax on qualifying annual crypto income above exemptions. Exchanges say unresolved rules for staking, airdrops and DeFi complicate preparations for the planned…
Mt. Gox has pushed back its creditor repayment deadline by another year to Oct. 31, 2027, after receiving court approval to give creditors more time to complete the procedures required to receive their funds. Summary Mt. Gox has postponed its creditor repayment deadline from Oct. 31, 2026, to Oct. 31, 2027, after receiving court approval. Rehabilitation trustee Nobuaki Kobayashi said many creditors remain unpaid because of incomplete procedures and issues encountered during repayment processing. Base Repayment, Early Lump-Sum Repayment and Intermediate Repayment have largely been completed for eligible creditors who fulfilled the requirements without issues. Mt. Gox has repeatedly delayed…
Hyperliquid has introduced revised order priority rules on its testnet, including a reported 10 HYPE delegation requirement for traders seeking faster order handling through its priority fee system. Summary Hyperliquid has introduced proposed changes to its order priority rules on testnet following trader feedback. The reported changes require at least 10 HYPE in delegated balance for certain priority fee features. New restrictions concern Standard accounts, CoreWriter transactions, order placement and changes to existing orders. Official documentation distinguishes IOC execution speed from ALO order positioning within the trading queue system. HYPE traded near $79 in the supplied market snapshot, falling over…
Yuga Labs has launched Mudwater, a physical and digital trading card collection on Solana, allowing Bored Ape Yacht Club and Mutant Ape Yacht Club holders to claim free packs from a limited supply of 240,000. Summary Yuga Labs launched Mudwater on Solana, offering physical and digital collectible cards to BAYC holders. Bored Ape holders can claim ten packs per NFT, while Mutant Ape holders receive two. Mudwater features 120 card designs, including eight unique editions, with 240,000 packs available across collections. The project allocates 2.5% of NFT trading value toward purchasing ApeCoin rewards for eligible collectors. Solana traded near $104…
Cysic has suspended its cross-chain bridge after an attacker reportedly exploited a processing flaw to mint 10 million CYS tokens without authorization on BNB Smart Chain on October 17. Summary Cysic suspended its cross-chain bridge after an attacker reportedly minted 10 million unauthorized CYS tokens. The attacker allegedly exploited bridge processing weaknesses after gaining unauthorized access to a supporting database system. Cysic blacklisted an address holding approximately 2.8 million CYS, restricting further transfers from that wallet. The project said its mainnet remained unaffected and existing customer wallet assets were not stolen. Investigators are reviewing token movements and potential losses before…
The memecoin market has entered the final quarter of 2026 at roughly $30 billion, with far more new tokens than lasting trading markets. CoinGecko put total crypto capitalization growth at 39.6% in Q3 even as average daily volume fell 8.6%, and a Bitquery study found most Pump.fun coins stopped trading after their first day. The question for the rest of Q4 is whether traders bring new capital to the category or keep moving the same capital between short lived launches. Summary Total crypto market capitalization rose 39.6% in Q3 while average daily trading volume fell 8.6%, CoinGecko reported. CoinGecko valued…
Tether has invested in San Francisco-based artificial intelligence startup AIsa alongside HIVEN, completing a seed extension round that brings the company’s total funding to more than $9 million. Summary Tether and HIVEN joined AIsa’s latest funding round, bringing its total investment above $9 million. AIsa previously reported $6.5 million in funding after Alibaba and Tribe Capital backed its development. Tether confirmed its investment but did not reveal the amount contributed or its ownership stake. AIsa provides AI agents with access to paid data, software tools, and controlled payment services. Tether said AIsa supports over 250,000 operating agents and has processed…
U.S. spot Ethereum ETFs have recorded roughly $320.1 million in net withdrawals for the week ending October 16, exceeding Bitcoin ETFs’ $228.4 million in outflows as investors reduced exposure to both cryptocurrencies. Summary Ethereum ETFs recorded approximately $320 million in weekly withdrawals, exceeding Bitcoin funds by $92 million overall. BlackRock’s ETHA accounted for nearly $299 million of Ethereum ETF outflows during the five trading sessions. Bitcoin ETFs attracted fresh investments on two trading days, while Ethereum funds gained money only Tuesday. CoinGecko showed Bitcoin near $81,238 and Ethereum around $2,386 on October 18 as prices remained weak. Ethereum funds suffered…
Ledger CEO Pascal Gauthier has publicly clashed with former Mt. Gox chief Mark Karpelès over warnings about modified hardware wallets linked to an estimated $90 million in cryptocurrency thefts. Summary Ledger CEO Pascal Gauthier challenged Mark Karpelès after criticism of the company’s warnings about tampered wallets. Karpelès pointed to a March security guide, but its September update leaves the original content uncertain. Ledger acknowledges its Genuine Check cannot detect added spying components when the original security chip survives. Researchers estimate losses above $90 million, although Ledger has not confirmed the final amount stolen publicly. The company paused CryptoBilis sales after…
Michael Saylor has hinted at another Bitcoin purchase for Strategy after the company reported holdings of 848,250 BTC, acquired for approximately $64 billion, in its latest weekly disclosure. Summary Michael Saylor hinted at further Bitcoin accumulation, although Strategy has not confirmed another purchase this weekend. Strategy’s latest filing shows holdings of 848,250 BTC, acquired for approximately $64 billion including transaction costs. The company bought 250 Bitcoin for $21.5 million during the week ending October 11, its latest disclosure. Strategy spent $192.4 million buying back STRC shares, nearly nine times its weekly Bitcoin purchase expenditure. Bitcoin traded near $81,000 on October…