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Bitcoin News posted on platform X that the Finance Committee of the French National Assembly has approved a proposal to impose a tax of up to 31.4% on the exchange of Bitcoin for stablecoins, applicable even if not exchanged for fiat currency; residents carrying over 800,000 euros in cryptocurrency assets abroad may face an exit tax on unrealized cryptocurrency gains.The related amendment was withdrawn after the committee rejected part of the budget revenue and still needs to be reintroduced during the full debate in the National Assembly. The proposal has not yet become law, and if approved, the new regulations will take effect on January 1, 2027.

According to Israel's Channel 12, Israeli Prime Minister Netanyahu has had multiple conversations with U.S. President Trump to discuss the possibility of launching a large-scale joint military strike against Iran before the Israeli parliamentary elections on October 27 and the U.S. midterm elections on November 3.Netanyahu is pushing for action citing new developments in Iran's nuclear sector, but the U.S. has not made any substantial commitments yet.

Cryptocurrency market analyst Axel Adler Jr. stated that on-chain data shows the average cost basis for Bitcoin long-term holders (LTH) is $48,600, with the current price approximately 72% higher than their cost. This group has remained profitable since January 2023, with the last close to the cost line occurring in March 2023.The average cost basis for LTH peaked at $49,500 on July 30 and has since decreased by 1.7%. Since August 1, there have been 60 negative weekly changes out of 74 days, with the largest single-week decline being 0.34% on August 25, and the current reading is -0.06%. The analyst pointed out that this decline is still moderate, and if it continues to drop, it would indicate an acceleration of selling, while a return to positive values would mean that long-term holders are starting to accumulate again.

The media and conference organization NEXTPredict announced that it has executed the first trade in the flight cancellation market through Kalshi to hedge investments for its October summit, locking in $3 million in guarantees. The company paid a premium of $12,000, and if the cancellation rate of flights arriving at New York's Kennedy International Airport on October 21 exceeds 50%, the contract will automatically pay out, covering the summit costs, as October 21 is the main travel day for attendees. Susquehanna acted as the market maker for this transaction.Kalshi launched the flight cancellation market after self-certifying the contract with the U.S. Commodity Futures Trading Commission (CFTC) on July 14, allowing participants to trade on whether the cancellation volume at specific airports exceeds preset thresholds. This market does not target individual flights and has clear anti-manipulation clauses. NEXTPredict is a media and event platform focused on the global prediction market industry, launched by the NEXT.io team. Its flagship event, the "Global Prediction Market Summit," will be held from October 22 to 23, 2026, at Convene Hudson Yards in New York, bringing together founders, executives, investors, and policymakers.NEXTPredict and Kalshi position this trade as institutional hedging, similar to how airlines hedge against fuel costs or farmers hedge against crop yields, rather than betting on the fate of the summit.

Recently, there have been reports that Ant Group's AI product "Lingguang" has launched a new version for a small-scale internal test, which is comparable to Meta Muse. In response, Ant Group stated: Lingguang has recently undergone a functional upgrade and is currently still in a very limited internal testing phase.

Musk stated that he agrees with some of Anthropic's views and, after reading the internal reasoning trajectories generated by Grok during the reinforcement learning process, warned against "torturing superintelligence (SI)." He described this situation as akin to a person under extreme pressure with a gun held to their head.

According to U.S. officials, despite Trump's fluctuating attitude towards restarting the war against Iran, the U.S. military is preparing plans to resume large-scale military operations against Iran.The U.S. Department of Defense has developed a new three-day strike plan against Iran, with three aircraft carriers set to be deployed in the Middle East.

A community user posted that after connecting to the free Wi-Fi at Singapore Airport, a "small wallet" that had not been traded for a long time had 3.7 BNB transferred away, and reminded users not to casually connect to public Wi-Fi. The user stated that the wallet had no transaction records for the previous few months, but the assets were transferred after connecting to the airport's free network.In response, Binance founder Changpeng Zhao stated, "I have always advised everyone not to connect to Wi-Fi, especially public Wi-Fi. But just connecting to Wi-Fi shouldn't lead to a wallet being stolen, was there some other operation in between?"

Greece is preparing to legislate a 10% tax on capital gains from cryptocurrencies. The draft bill was published on Thursday local time and has entered the public consultation phase, with a submission to parliament expected in November.According to the draft, individuals can be exempt from tax on capital gains from cryptocurrencies up to 500 euros per year, which is approximately 559.95 USD. Greece currently lacks a complete tax legal framework for cryptocurrencies, and officials have stated that it is difficult to accurately estimate the size of the country's cryptocurrency market due to the vast majority of investors using offshore platforms. The government has not made specific predictions regarding the fiscal revenue generated by the new tax.

The U.S. Attorney's Office for the Central District of California stated that a 26-year-old man, Adam Iza, who calls himself the "Godfather," has been sentenced to 78 months in prison and must pay $23.4 million in restitution. He pleaded guilty in January 2025 to charges of conspiracy to violate rights, wire fraud, and tax evasion, and has been in custody since September 2024. This sentence will run concurrently with the 15-year sentence he received last month for an attempted Bitcoin robbery, which will not increase his actual time served.From August 2021 to April 2022, Iza hired off-duty Los Angeles County police officers as private security and admitted to conspiring with them to obtain law enforcement confidential records and personal data of individuals he had disputes with, obtaining court-authorized search warrants to track these individuals, and having the officers intimidate and threaten them. The Department of Justice stated that five former officers have been convicted for working for him, including 42-year-old Eric Chase Saavedra, who set up a security company providing these officers, and was sentenced to 21 months; 45-year-old Michael David Coberg, who assisted in extorting rivals and arranged false drug arrests, is serving a 63-month sentence. The prosecution wrote in the sentencing memorandum that wealthy individuals cannot buy "search warrants, arrests, badges, or guns" for private disputes.In another fraud case, since December 2020, Iza gained access to a Meta Business Manager account and its associated credit line, reselling it to advertising companies, with Meta clients being charged for ads they never purchased. After discovering this, Meta refunded the clients and absorbed the losses.

According to a report by the Japan Economic News cited by Reference News, the Japanese government has decided to impose additional sanctions on Russia during a cabinet meeting. In principle, the Japanese government prohibits providing operational, maintenance, insurance, and financing services to 35 vessels in Russia's "shadow fleet," which secretly transports crude oil to evade Western sanctions.In addition to the sanctions against the "shadow fleet," the Japanese government will also add 33 Russian military-related groups and 9 individuals to the asset freeze list, including groups involved in using cryptocurrency to evade financial sanctions.

Tornado Cash co-founder Roman Storm posted on X platform stating that the U.S. Department of the Treasury recently acknowledged in a document that there were issues with the previous rules regarding mixers, and mentioned that this policy could have a "chilling effect" on legitimate activities.Storm stated that although the relevant department of the U.S. Department of the Treasury now believes there are issues with the policy, the U.S. Department of Justice still insists in its case that even legitimate transactions conducted through Tornado Cash constitute illegal activities due to the potential for being used for money laundering, evading sanctions, and other criminal purposes.Storm claimed that the non-criminal department of the U.S. government believes the policy is inappropriate, while the criminal justice department considers all related transactions to be criminal; he has been detained and prosecuted for over 1,139 days and stated that his case stems from developing open-source code.Storm also mentioned that a new document was submitted today to the Southern District of New York (SDNY) federal court, and the U.S. Department of Justice is still pushing for his conviction.

According to Cointelegraph, Japan's Ministry of Foreign Affairs, Ministry of Finance, and Ministry of Economy, Trade and Industry jointly issued a statement on Friday, officially adding the Russian cryptocurrency exchange Garantex to the asset freeze list. This measure will severely restrict payment and capital transaction activities related to Garantex.The statement pointed out that this expansion of sanctions is due to the ongoing war in Ukraine. Garantex has previously been blacklisted by multiple jurisdictions, including the United States and the European Union, for allegedly assisting Russian entities in evading financial restrictions.In addition to the cryptocurrency platform, Japan has also added 33 related organizations and 9 individuals to the sanctions list in this action, and imposed bans on repair and insurance services for 35 vessels suspected of transporting Russian crude oil as part of a "shadow fleet."

According to the Iranian Fars News Agency, the Iranian Islamic Revolutionary Guard Corps Navy has taken action against at least 7 "violating" oil tankers in the Strait of Hormuz over the past 5 days. Although the United States claims that the strait remains open and under its control, Iran takes action against multiple oil tankers on average every day.

According to The Defiant, U.S. District Judge Jennifer Rochon ruled to dismiss the class action lawsuit against LIBRA and M3M3 tokens, and it was a "dismissal with prejudice," meaning the plaintiffs cannot bring the same claims again.The judge found that the plaintiffs' reliance on a six-month issuance of Meme coins was insufficient to support the Racketeer Influenced and Corrupt Organizations Act (RICO) allegations; at the same time, the plaintiffs never listed Meteora as a suable entity.

According to Gate market data, the three major U.S. stock index futures are declining, with Nasdaq futures narrowing their gains to 0.5%, having previously risen nearly 1.5%. S&P 500 index futures are close to flat, while Dow futures are down 0.4%.

U.S. Senator Steve Daines (Republican from Montana, member of the Senate Finance Committee) has officially introduced a 56-page digital asset tax bill, named the "Aligning Digital Assets with Tax Principles Act" (ADAPT Act). The bill aims to establish clearer tax rules for scenarios such as stablecoin payments, network fees, staking, and lending, and plans to extend existing tax rules like wash sales and constructive sales to apply to digital assets.The core provisions of the bill state that taxpayers generally do not need to recognize gains or losses when using compliant U.S. dollar stablecoins to purchase goods and services, while exempting brokers from information reporting obligations for qualifying consumer transactions; however, this exemption does not apply to traders and market makers. The bill also extends wash sale rules and constructive sale rules to digital assets, with compliant stablecoins excluded from the constructive sale provisions to limit loss harvesting behavior in crypto assets.Additionally, the bill proposes to exempt digital assets used to pay for network, transaction, or gas fees of $10 or less from gain or loss recognition and allows qualifying digital asset traders and dealers to choose to account for them at fair market value. The bill also stipulates rules for income sources from staking and mining, a non-recognition framework for digital asset lending, a safe harbor for foreign investors' transactions, and definitions for digital asset classifications; most provisions will apply to tax years or transactions after December 31, 2026. Previously, the U.S. House Ways and Means Committee passed its own "Digital Asset Tax Certainty Act" on September 16 by a vote of 38 to 5.

Bitcoin News posted on platform X that the Box 3 tax bill currently under consideration in the Dutch parliament proposes to tax the actual annual returns on investments, including the appreciation of unsold assets. The Dutch Tax Authority explicitly includes cryptocurrency assets held in personal wallets, exchanges, or third parties when calculating actual returns.The Dutch government is studying a shift to a capital gains tax system, which would tax the appreciation of assets when gains are realized, but stated that the existing proposal for 2028 remains the basis during the review of relevant adjustments.The bill has been passed by the House of Representatives and is still awaiting review by the Senate, with the final system potentially subject to adjustments before 2028.