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J.P. Morgan Asset Management has first included Bitcoin in its long-term capital market expectations, forecasting an annualized return of about 10% for Bitcoin over the next decade, which is expected to outperform stocks, bonds, and gold. However, this prediction also assumes that Bitcoin's annualized volatility could reach as high as 55%, more than three times that of U.S. large-cap stocks.J.P. Morgan believes that the gradual improvement of the regulatory framework, along with the continuous enhancement of market liquidity and price discovery mechanisms, may further promote Bitcoin's recognition in traditional financial markets. Looking ahead to the next decade, technological innovations in fields such as artificial intelligence, robotics, healthcare, and space, as well as a global capital expenditure growth of approximately $15 trillion, are also expected to drive economic growth and asset returns. Analysts point out that the correlation between Bitcoin and other assets is unstable, making it currently unsuitable as a diversification asset in balanced investment portfolios; therefore, the institution has not yet included it in its main investment portfolio model. If Bitcoin's volatility continues to decline in the future and its correlation with other assets stabilizes, its portfolio allocation value is expected to increase.

According to CoinDesk, France has narrowly passed a cryptocurrency tax amendment, proposing to impose a 31.4% capital gains tax on transactions exchanging crypto assets for stablecoins starting from January 2027.However, the amendment still needs to be approved by the French Senate and go through the budget coordination process before it can officially become law.

Aave officially announced that the active loan scale of Aave V4 deployed on Circle's Layer 1 blockchain Arc has exceeded 100 million USD.This data represents the outstanding loan scale on the Arc single network, not the total deposits or cumulative lending amount of Aave V4.

X-Agent's latest Dune data shows that as of October 20, the platform's related on-chain activities have reached 1,268,897 transactions, with the number of Agentic Wallets reaching 39,649. At the same time, a total of 680,285 x402 payments and 233,188 AI Activity Syncs have been generated.From the Dune trend data, X-Agent's on-chain activity saw significant growth in October, with Transactions rapidly increasing in volume for the month, and x402 Payments also experiencing notable growth recently. Compared to traditional AI products that mainly measure user numbers, conversation volume, and model invocation counts, what is more noteworthy in this data set is that AI Agents within the X-Agent ecosystem are gradually generating real, verifiable on-chain economic activities.Through the infrastructure of Agentic Wallet, x402 payments, and AI Activity Sync, Agents are evolving from mere information exchange tools to economic participants capable of executing tasks, using wallets, initiating payments, and generating on-chain records. This further validates the path of the Agent Economy that X-Agent is promoting: Build → Act → Pay → Verify. From "creating AI Agents" to "enabling Agents to truly execute and transact," X-Agent is attempting to connect Agent capabilities, on-chain execution, and payment settlement into a complete closed loop.As the scale of x402 payments and Agentic Wallet continues to grow, the Agent Economy is gradually transforming from a concept into real network activities that can be directly observed and measured by on-chain data.

On Friday, the French National Assembly passed Amendment I-3898 with 38 votes in favor, 37 against, and 25 abstentions, proposing to tax certain cryptocurrency exchanges for stablecoin transactions. If the relevant provisions are approved, they are expected to take effect from 2027. This measure will change the way capital gains tax on cryptocurrencies is calculated, meaning that when investors exchange Bitcoin or other cryptocurrencies for stablecoins, the related gains may trigger taxation even if they have not been converted into fiat currency.The French National Assembly is scheduled to vote on the first part of the "2027 Finance Bill" on Tuesday. A proposal to carry forward realized cryptocurrency losses for 10 years was rejected by the assembly on Friday with 18 votes in favor, 75 against, and 3 abstentions. French lawmakers are also reviewing two cryptocurrency tax proposals: I-CF1822 aims to expand the exit tax to unrealized gains, applicable to taxpayers whose total cryptocurrency portfolio value exceeds 800,000 euros and who move their residence out of France; I-2701 proposes to require the declaration of holdings from self-custody wallets, with a threshold of total value exceeding 100,000 euros for the relevant tax year. Both proposals are still under review as of Monday.

Bybit CEO Ben Zhou recently stated in an interview with Wu Shuo that Bybit has covered the losses caused by previous attacks from North Korean hackers through operational income such as transaction fees by the end of last year. He believes that there will still be trading platforms that encounter hacker attacks in the future, and the security system should be designed with the premise of "assuming it will definitely be hacked."Regarding competition, Ben Zhou believes that the golden period for the expansion of global trading platforms has passed, and the industry will further consolidate. Regional trading platforms with licenses and local operational capabilities still have opportunities. He revealed that Bybit's profits have declined year-on-year this year, and traditional asset trading businesses such as stocks are currently not enough to offset the impact brought by the cryptocurrency business.In terms of the U.S. market, he stated that Bybit is still waiting for the right opportunity to enter and is more inclined to cooperate with local institutions that have a retail user base. The core strategy for the next year will focus on regional development and deep localization. He also discussed the differences between the Bitget security incident and the Bybit theft incident, as well as the data security challenges brought by the large-scale application of AI within the platform.

Matt Cole, the CEO of Bitcoin Treasury Company Strive, stated on the X platform that the long-term trend of currency depreciation will continue to drive the appreciation of scarce assets. Bitcoin, as digital gold, is still in its early stages of development, and as the market matures, its long-term performance is expected to surpass that of gold.Cole pointed out that over the past 55 years, gold has had a compound annual growth rate that exceeded the growth rate of the U.S. M2 money supply during multiple periods. Specifically, since 1970, the rates have been 9% and 6.7%, respectively; since the global financial crisis, they have been 9.5% and 6.3%; and since the COVID-19 pandemic, they have been 18.3% and 6.5%. Cole believes that as the debt crisis continues to worsen, the long-term outperformance of scarce assets relative to the dollar may further expand.For Strive, the key to outperforming Bitcoin lies in maintaining a high Bitcoin exposure multiplier and sufficient liquidity, rather than simply reducing financing costs. He emphasized that establishing and maintaining high Bitcoin exposure while avoiding financial risks is extremely challenging, and the market currently underestimates Strive's competitive advantages in Bitcoin exposure amplification and liquidity management. Its core investment philosophy is to reduce dollar exposure in the long term and increase Bitcoin allocation.

Latvia may allow residents to pay personal taxes with cryptocurrency by 2027, aiming to attract crypto businesses and investors. Prime Minister's strategic planning and new economy advisor Didzis Dejus told CoinDesk at the UN:BLOCK Fintech conference in Riga that he believes this arrangement will be realized next year. The country's Ministry of Finance has agreed to the plan, which still needs to complete technical integration with payment service providers.The plan builds on a proposal announced in May 2025, when Latvia proposed accepting cryptocurrency for tax payments and promoting the tokenization of assets such as real estate. Dejus stated that Latvia is not afraid to be the fastest-moving country and hopes to attract more crypto businesses beyond licensing. He did not disclose specific payment service providers or specify which cryptocurrencies could be used for tax payments.Meanwhile, the Latvian parliament passed legislation on October 15, changing the taxation of withdrawals from crypto investment accounts to apply to amounts exceeding the deposited amount, rather than taxing each transaction. The law introduces a one-time reporting mechanism, allowing holders to settle past tax obligations by declaring 10% of the asset's market value by the end of 2026, with the reporting period from April 1 to May 31, 2027, and taxes due by July 23. Dejus stated that this measure will help those who purchased cryptocurrencies years ago but lack cost records. The timing of the tax payment plan may depend on the next government, as the United List led by Prime Minister Andris Kulbergs won the parliamentary elections on October 3 and is expected to be nominated again, but still needs coalition partners.

According to The Defiant, the French National Assembly passed an amendment during the review of the 2027 budget proposal with 38 votes in favor and 37 votes against, aiming to eliminate the tax deferral treatment enjoyed when converting certain crypto assets into a single fiat-pegged stablecoin starting from January 1, 2027.A total of 100 members participated in the voting, with 75 votes counted as valid.

NVIDIA CEO Jensen Huang stated that regarding the turbulence in the AI market, this too shall pass.

Binance announced that the Assets Under Management (AUM) for its tokenized stock product bStocks has surpassed 1 billion USD, making it the fastest tokenized stock product in the world to reach this scale. Since its launch on June 11, 2026, bStocks achieved this milestone in just about four months. As of now, the cumulative trading volume of bStocks has exceeded 40 billion USD, with an average daily trading volume of over 300 million USD, and nearly 100 assets launched.Since its launch, the 1:1 conversion scale between directly held stocks and bStocks has reached 6 billion USD. Binance stated that bStocks can be used as collateral in eligible scenarios and supports round-the-clock trading, on-chain settlement, and wallet-to-wallet transfers. As the scale of assets, trading volume, and application scenarios continue to expand, bStocks is driving the evolution of tokenized stocks from a single trading asset to collateral and broader crypto-financial applications, further exploring the integration of traditional equity assets with on-chain financial infrastructure.

According to official disclosures from JPYC, the cumulative issuance of its issuance and redemption service JPYC EX surpassed 10 billion yen as of September 18, with users expanding from individuals to local Japanese businesses and overseas projects.On September 17, JPYC was listed on the South Korean exchange Upbit, trading against the Korean won, BTC, and USDT markets, but the market price temporarily deviated from 1 yen after the listing. In addition, Netstars signed a Memorandum of Understanding (MOU) with the Kaia DLT Foundation to integrate the stablecoins circulating on Kaia into its payment networks such as StarPay, which has approximately 700,000 affiliated stores; the Osaka physical store of Mi&T received a subsidy from the Osaka Prefecture for its JPYC payment pilot, planning to implement it in about 5 stores from November 2026 to March 2027.

After briefly publishing the rumor-refuting content "Cheung Kong Responds to Li Ka-shing's Death: Absolutely Not True," mainstream Chinese financial media outlets including The Paper and Jinshi Data collectively deleted the news, with the deletion occurring on October 15.Currently, Caixin still retains this report, but its source is also The Paper.

According to GMGN market data, the market capitalization of the Robinhood chain ecosystem meme coin VRAX briefly surpassed 8 million USD, currently reported at 7.68 million USD, with a daily increase of over 143%. It is reported that VRAX was initially launched due to discussions during the Robinhood summit, having previously experienced a significant correction, with the price dropping by about 99% at one point.Robinhood CEO Vlad Tenev mentioned the token twice during a Q&A session on the X platform. Trader Bonk Guy previously stated that as early concentrated holdings gradually exit, VRAX is expected to benefit from the next round of activity resurgence in the Robinhood chain ecosystem. Meme coin prices are highly volatile and easily influenced by market sentiment and hot events, please be aware of trading risks.

According to BBX data, yesterday global US and Japanese stock-listed companies announced their latest financial updates regarding the increase in digital asset treasury holdings, capital tool operations, and optimization of collateralized lending. The core updates are as follows:Strive (NASDAQ: $ASST) increased its holdings by 3,311 BTC last week, bringing the total holdings to 32,773 BTC: The US-listed company Strive disclosed its latest treasury updates, revealing that it made a significant purchase of 3,311 Bitcoins in the open market last week. As of now, Strive's cumulative Bitcoin holdings have officially reached 32,773 BTC. During the same period, warrants valued at $208 million have been exercised, with approximately 15.3 million warrants set to expire on October 14 at 05:00.Metaplanet (TSE: 3350) plans to issue 52 billion yen zero-coupon convertible bonds to enhance the flexibility of pledged BTC for increased holdings: According to Metaplanet's CEO Simon Gerovich, the company announced it will issue zero-coupon yen convertible bonds worth 52 billion yen (approximately $328 million) maturing in 2031, while simultaneously advancing its share buyback plan.

Binance announced that the asset management scale of bStocks has exceeded 888 million USD. Users can use eligible bStocks stock tokens for full-margin leverage accounts and unified margin accounts, enriching collateral options and enhancing the flexibility of fund usage. As of the time of reporting, bStocks has supported 95 types of stock tokens as collateral, with applications extending from asset holding to scenarios such as collateral and leveraged trading.Starting from September 21, the bStocks collateral and related leveraged trading functions will be further opened to regular, VIP 1, and VIP 2 accounts, which were previously only available to VIP 3 and above users. More users must meet requirements such as suitability assessments before they can use these features. For regular users, VIP 1, and VIP 2, Binance has introduced additional risk control measures, requiring users to pass a suitability assessment questionnaire before using bStocks as collateral or engaging in related leveraged trading.

According to GMGN data, the market capitalization of Robinhood ecosystem HOOKR briefly surpassed 30 million USD, currently reported at 28.3 million USD, with a 24H increase of over 35%. It is reported that HOOKR is the project token of the programmable market Launchpad Hookr.fun on the Robinhood Chain.Hookr.fun is built on Uniswap v4 Hooks, allowing users to issue tokens and combine custom trading rules such as Anti-Snipe, dynamic fees, automatic burn, LP rewards, and Nth-buy Pot, while establishing the Hook market. Other projects can pay fees to its developers when using related Hooks. In addition, the platform supports trading pairs with ETH or HOOKR as new tokens, where part of the ETH trading fees can be used to buy back and burn HOOKR, forming a token mechanism linked to the platform's trading activities.According to market news, HOOKR's price is highly volatile and easily influenced by the popularity of the Robinhood Chain ecosystem and market sentiment, please be aware of trading risks.

Ondo Finance posted on platform X that its tokenized U.S. Treasury scale has reached 3 billion USD, covering USDY, OUSG, and tokenized U.S. Treasury ETFs, ranking first in the RWA.xyz tokenized U.S. Treasury platform. Among them, USDY has a scale of over 2.3 billion USD, surpassing BlackRock's BUIDL.RWA.xyz data shows that currently, USDY has a scale of approximately 2.328 billion USD, BUIDL approximately 2.204 billion USD, and OUSG approximately 319 million USD; the total scale of tokenized U.S. Treasuries is about 14.91 billion USD, with Circle's USYC ranking first among single products at approximately 2.384 billion USD.

The free and open-source tool REA (Reverse Engineer Anything) saw its star count on GitHub rise from less than 10,000 on October 6 to over 100,000 by October 12, with more than 30,000 added in a single day on October 11. This tool integrates AI programming assistants like Claude Code and OpenAI Codex with professional reverse engineering suites like Ghidra, bridging the model context protocol MCP launched by Anthropic. Since its creation in April of this year, REA had long gone unnoticed; its readme file states that the tool does not claim to restore original source code or automatically clone applications, nor does it come with a decompiler.REA has been used for various reverse engineering attempts on software and games: players have made Spider-Man swing through Gotham City in "Batman: Arkham City," someone stuffed about 1,600 items from "Minecraft" into "Elden Ring" to battle Boss Malenia, and mod authors have brought firearms and menus from "Escape from Tarkov" into "The Elder Scrolls V: Skyrim." Old console exclusives are also breaking free from their platforms; in September, enthusiasts used open-source AI models and recompilation tools to bring "Fable 2," which had never been released on PC, to Windows, with AI completing the startup in about an hour, followed by a long manual fix; another developer has made "GTA 5" run natively and smoothly on iOS.