assets

According to the official announcement, Binance will update the full margin borrowing and withdrawal collateral rates for POL, SHIB, XLM, COW, NEXO, RVN, and SAND on October 23, 2026, at 06:00 (UTC). The update is expected to be completed within 30 minutes.

According to a report by the Korean News Agency, the South Korean Ministry of Finance and Economy has convened a seminar on virtual asset taxation with five exchange operators: Dunamu, Bithumb, DigitalX, Coinone, and Streami, as well as institutions like the Financial Services Commission, to discuss current taxation regulations, market environment, tax preparation work, and the possibility of delaying or abolishing the tax, but no clear decisions have been made regarding related measures.South Korea's virtual asset taxation policy was established in 2020, originally scheduled for implementation in 2022, but has since been postponed to 2023, 2025, and 2027. The National Tax Service of South Korea is currently preparing relevant details, but matters such as staking still need to be negotiated with the Ministry of Finance and Economy; if the details are announced next month, there will be only about two months left until the planned implementation date.

According to a confirmation from the German Savings Banks and Giro Association (DSGV) to the media, the German Savings Banks (Sparkassen) officially entered the cryptocurrency trading sector this Monday. Institutional clients participating in the first batch can now directly buy and sell digital assets such as Bitcoin through their existing official app.The trading service launched is supported by the securities service provider of the savings banks, Dekabank, and is jointly responsible for the custody of crypto assets with the Stuttgart Stock Exchange. The initial supported trading currencies include Bitcoin, Ethereum, Ripple, Solana, and Polygon. In terms of fees, the service sets a low transaction fee of only 0.99 euros per order, and users are not required to bind a traditional securities account, which is clearly aimed at competing directly on pricing with emerging mobile banks like N26 and Trade Republic.In terms of the promotion schedule, the service does not have a unified national launch date but allows each savings bank to decide its own launch time based on its circumstances. Joachim Schmalzl, a member of the DSGV management, stated that there is strong interest in this business within the group, and it is expected that 30 to 40 institutions will follow suit each month, with the goal of covering most interested savings banks by the first half of 2027. He emphasized that the product is mainly aimed at clients who wish to independently buy, sell, and custody crypto assets, and the savings banks do not provide investment advice nor plan to conduct extensive proactive marketing in the initial phase.For a long time, due to the extreme volatility of cryptocurrencies, the German Savings Banks have maintained a cautious attitude towards them. Schmalzl pointed out that the decision to enter the market was the result of careful consideration, with the decisive factors being strong customer demand and the fact that Europe currently has a reliable regulatory framework, aimed at allowing clients with clear intentions to trade in a regulated compliance environment.However, DSGV still maintains a cautious tone in its statement, reiterating that cryptocurrencies are "highly speculative assets," and clients will be clearly warned of the risks of extreme price fluctuations and total loss when operating. The bank also emphasizes that for the long-term wealth accumulation of the public, traditional securities investments, savings plans, and financial consulting remain its core business.

According to Cointelegraph, Section 502 of the Digital Asset Tax Clarification Act (H.R. 10357) currently advancing in the U.S. Congress stipulates that the Secretary of the Treasury must establish a voluntary disclosure program for digital assets within 12 months after the act takes effect.Eligible taxpayers can correct past digital asset tax violations by submitting amended returns and paying back taxes, interest, and penalties under the program. The act was passed by the House Ways and Means Committee on September 16 with a vote of 38 to 5, but it has not yet officially become law and still needs to be passed by the House, the Senate, and signed by the President.Andrew Gordon, Executive Director of the Digital Asset Taxation Action Organization, stated that this is a significant change that will help many ordinary taxpayers, yet it has received little attention. He pointed out that U.S. investors are facing the first filing season under the new 1099-DA broker reporting rules, which give the IRS greater visibility into crypto transactions but do not address the years prior to the rules taking effect. Sharon Yip, founder of Crypto Tax Advisors, also noted that filing errors among ordinary crypto investors are very common, and the existing procedures lack standardized processes, making it impossible to provide predictable penalty treatment for unintentional violators.According to Section 502, taxpayers generally must submit amended returns within 24 months after the program is established, and the act sets two penalty standards. Taxpayers who provide proof that their violations are neither fraudulent nor intentional can apply a 0% penalty on the portion of back taxes up to $25,000 if they file within the first 12 months after the program starts, while amounts exceeding that will incur a 5% penalty.Those who do not provide such proof will face penalties of 25% and 40%, and the tax rates will increase if the initial window is missed. The act also provides specific civil penalty waivers, allowing unproven taxpayers to be exempt from criminal referral within the scope of the disclosed information. A report by CoinTracker in 2026 showed that only 49% of crypto users correctly understand that selling crypto assets is a taxable event.

According to the data panel on the ChainCatcher official website, regarding BTC wallet balances. In the past 7 days, among the top 10 exchanges by balance, Gemini saw the largest decrease, reaching 0.27%; Gate saw the largest increase, reaching 2.13%.In terms of exchange asset transparency proof, in the past 7 days, the top three net outflows of reserve assets were OKX (-$217 million), Bitget (-$145 million), and KuCoin (-$45.62 million); the top three net inflows were Binance (+$968 million), Bitfinex (+$231 million), and Gate (+$197 million).

According to on-chain analysis platform Arkham, a Bitcoin whale acquired Bitcoin in 2013 at a cost of approximately $54,000, when the BTC price was around $130.The address has remained inactive for 13 years, and the holding is now worth over $30 million, having recently transferred assets to a new wallet for the first time.

The world's largest asset management company, BlackRock, is exploring the expansion of tokenized assets from the cryptocurrency market to the traditional financial sector, making them usable not only as collateral but also for payments. The tokenized money market fund BUIDL, launched by the company in 2024, has seen its assets under management grow to approximately $2.3 billion. Subsequently, related products were launched in the United States and Europe, and in September of this year, approval was granted to launch a digital liquidity fund denominated in Hong Kong dollars.BlackRock is shifting its focus from issuing stocks, bonds, and money market funds on blockchain networks to improving the transfer methods and collateral uses of related assets. Through tokenization, investors can directly transfer their held assets to other investors or use them as trading collateral without needing to redeem them for cash first. Nikhil Sharma, a director of the BlackRock digital assets team, stated that early users of tokenized funds were primarily participants in the cryptocurrency market, and the key moving forward is to establish a bridging mechanism that allows traditional financial institutions to use tokenized products without having to build separate independent systems.

Patrick Witt, the Executive Director of the White House Presidential Digital Asset Advisory Committee, announced his departure from government service to return to the private sector. He made this decision public last week, and the White House has not yet announced a new head of cryptocurrency policy, with a successor still undetermined.Previously, Harry Jung and Bo Hines had also left the committee. White House officials stated that cryptocurrency policy and the Digital Asset Market Clear Act will remain a focus of the Trump administration, but the personnel vacancies have raised concerns about the momentum of policy advancement.As the midterm elections approach next month, the administration is still advancing rule-making in the digital asset space. After the new Congress is sworn in in 2027, cryptocurrency legislation will require coordination from a White House liaison, with tax legislation expected to proceed ahead of market structure reforms; if the Democrats flip the House of Representatives, the congressional landscape may also bring new variables. Meanwhile, the rule-making efforts of agencies such as the Securities and Exchange Commission, the Commodity Futures Trading Commission, the Office of the Comptroller of the Currency, and the Department of the Treasury will continue.

Cryptocurrency analyst Darkfost stated that since late August, the market capitalization growth of small and medium-sized cryptocurrency assets has been the most significant, with the gap between their average monthly market capitalization and average annual market capitalization continuing to widen, currently reaching a ratio of 41%.In contrast, this ratio for BTC is about 7%, and for large-cap cryptocurrency assets, it is only 3.5%. Darkfost pointed out that this structure is relatively rare, as the market is usually led by BTC, such as after the end of the bear market in 2023. However, small and medium-sized assets are more sensitive to market changes, and trends can also reverse quickly.

According to a report by the Korean News Agency, the South Korean government will convene representatives from the five major virtual asset exchanges—Upbit, Bithumb, Coinone, Digital X, and GOPAX—along with DAXA executives on October 20 to gather industry opinions regarding the virtual asset tax originally scheduled to be implemented in January 2027.The current proposal aims to impose a 22% income tax and local income tax on virtual asset transfers and lending income after deducting a basic tax exemption of 2.5 million Korean won. This tax policy has been postponed three times since it was proposed in 2020, and the government is still advancing preparations according to the original schedule. The National Tax Service of Korea is expected to release a related announcement in November.In addition, South Korea's financial regulatory authorities are accelerating the advancement of the government draft for the "Basic Law on Digital Assets," which is expected to be completed by the end of this month and initiate related consultation procedures.

Franklin Templeton's digital asset account FTDA posted job openings on X, publicly announcing multiple positions related to digital assets and cryptocurrency business, and stated that private messaging communication is now open.Specific positions include Head of Digital Asset Product Strategy, Head of Capital Formation for Franklin Crypto, Head of Private Credit for Franklin Crypto, Digital Audience Engagement Project Manager, and Vice President of Business Development for the Cryptocurrency Market.

According to Hong Kong media HK01, Hong Kong BBB Group (Chinese name: Hao Hao Hao Group) claims to invest in the agarwood industry in Malaysia and sell over-the-counter stocks and digital assets, suspected to be a scam. The company states that it will convert OTC stocks into "digital asset" cryptocurrency by February 2027 or earlier.It is reported that the Hong Kong police have received reports from 21 individuals, involving an investment project amounting to 14 million Hong Kong dollars. The Commercial Crime Bureau is investigating for "conspiracy to defraud," and so far, four people have been arrested. Additionally, according to the Hong Kong Securities and Futures Commission's official website, "Malaysia Agarwood Plantation Investment, Agarwood Tree Program, Agarwood Potted Trees, APT4" have been listed as suspicious investment products.

Web3 game developer Unagi announced on the X platform that the company has entered a court-ordered judicial liquidation process in France, and all assets will be publicly sold under the supervision of a court-appointed liquidator.Unagi's products include Persona Journey, Ultimate Champions, and Records. The assets for sale include: the intellectual property of Persona Journey, NFT contracts and creator royalty rights, 957 Persona NFTs in the treasury, community accounts, and related AI products; the token UNA and its contracts; the fantasy football and basketball game Ultimate Champions and its NFT card economy; a white-label fantasy sports platform; the completed but unreleased prediction game Fantasy Brainz; and the AI user-generated content platform Records launched in March this year.Each asset can be acquired separately, with the bid deadline set for November 2.

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.

Cobo Wallet announced that its App service will officially close on December 1, 2026. Users must complete the transfer of all assets by November 30 at 23:59 and update the Cobo Wallet receiving address set on other platforms.The announcement reminds users that those who do not transfer their assets within the deadline will incur account management fees. This adjustment will directly affect users who are still using the Cobo Wallet App for asset storage and receiving payments; relevant users should promptly confirm their on-chain assets, receiving addresses, and withdrawal whitelist settings on associated platforms.After the App service is closed, if there are remaining assets in the account, Cobo will charge a monthly account management fee. The management fee is calculated based on the asset type, amounting to 2% of the remaining assets in the account, with a minimum charge equivalent to 100 USD per month. Users who fail to complete the asset transfer before the App closes will be deemed to have agreed to this fee arrangement.The announcement does not specify the exact reasons for closing the service, nor does it disclose whether other products or institutional businesses under Cobo will be affected.

Upbit's official announcement states that due to BitMEX terminating the integration of the travel rule solution VerifyVASP, Upbit will suspend deposits and withdrawals of digital assets of 1 million Korean Won and above with BitMEX starting from October 16. Deposits below 1 million Korean Won will continue to be supported as usual.Manual deposits of over 1 million Korean Won from BitMEX to Upbit will cease at 14:00 on December 18, and any similar assets credited thereafter will enter the refund process, which users must follow to retrieve.

According to data from the CoinGlass platform, Gate's stock perpetual contracts rank second across the network, with several popular stock derivatives, such as SPCX, SKHYNIX, SNDK, and SOXL, having positions that also rank second across the network, only behind Binance.Real-time data from the platform shows that Gate SPCX has a position of 144 million USD, accounting for 14.65% of the total market share; SKHYNIX has a position of 137 million USD, accounting for 15.38%; SNDK has a position of 150 million USD, accounting for 18.62%; and SOXL has a position of 143 million USD, accounting for 23.92%.

Russian President Vladimir Putin signed a decree placing the assets of several companies from France, Germany, Sweden, and the Netherlands under temporary management in Russia, including the French flooring manufacturer Tarkett and the German packaging manufacturer Menshen.This move is a response to the European Union's support for Ukraine, and the Kremlin stated that the measures are reversible.