王小草

Ripple's annual conference, Swell, opens tomorrow (10/27) in New York and runs for three days. This is the 10th edition, with an expected attendance of 1,500 people.

For the first time this year, Swell, the XRPL developer summit Apex, and the university research meeting UBRI Connect are being held together. Topics include the first anniversary of the listing of spot XRP ETFs, AI agent payments, and the RLUSD stablecoin.

On stage will be BNY's market head, executives from ICE and Robinhood's crypto business, and Bullish CEO Tom Farley. Ripple itself says Swell has always been the place where it announces major products and partnerships.

In the market, XRP is around $XRP at about $1.29 (24h -0.6%), and New York subways are already covered with XRP ads. Whether the conference can bring any incremental upside will become clear over these three days.

#XRP #Ripple #Swell2026 #stablecoin

$BTC Bitcoin briefly fell below 80,000 during early Asian trading on Monday, with CoinDesk data showing a low of around 79,800. It is now around 80,040 (24h -1%).

$ETH Ethereum fell nearly 3% to just above 2,300, and is now around 2,320; $SOL XRP is barely holding above 100, at around 101.

The Fed announces its rate decision on Wednesday. CME FedWatch puts the odds of rates holding at 3.75%–4% at around 90.6%. What the market is really watching for is whether Chair Warsh will hint at a rate hike in December.

The broader market isn't helping either: Goldman Sachs cut its 12-month target for the Kospi by 25%, South Korean stocks fell 1%, and Asian AI stocks continued to sell off.

The 82,500 level, lost last Thursday, is the first key resistance bulls need to reclaim. PCE data is also due this week, on 10/29.

#比特币 #美联储议息 #Crypto Flash

The date for Zcash’s NU7 mainnet upgrade is set: activation height 3,543,405, expected around 08:50 Beijing time on November 6 (the official roadmap says around November 5).

The biggest change is that block times will drop from 75 seconds to 25 seconds, making the network 3 times faster.

The economic model is changing too: 60% of the fees from each block will go into a reserve, while miners receive 40%. The reserve will be paid out later at fixed intervals. The four-year halving schedule and 21 million coin cap will remain unchanged.

Zebra 7.0.0 and Zakura 1.7.0 have been released. Mainnet nodes must upgrade before activation, and older versions of Zakura will shut down a few days before activation.

$ZEC is currently trading at around $1,190, down 1.7% over 24 hours.

#Zcash #NU7 #主网升级 #privacycoins

India’s largest exchange, CoinDCX, has acknowledged a loss of about $16 million: 15.99 million $USDT was transferred out of a batch of decommissioned TRON deposit addresses. The company covered the loss itself, and all user deposits have been credited.

These addresses were old wallets retired after the roughly $44 million hack in July 2025, but some users continued depositing funds into them. CoinDCX said its automatic sweeping service was temporarily down, allowing funds to accumulate before they were transferred out all at once starting October 21.

The awkward part: CEO Sumit Gupta said on X just last week that this was a “false alarm.” Blockchain investigator ZachXBT then pointed out that the address was still sweeping funds into an active hot wallet as recently as April and May 2026.

A reminder: before each deposit, copy the latest address again from the app. Don’t use an old address you’ve saved.

#CoinDCX #交易所安全 #OnChainSecurity

BNB Chain plans to launch a new L1: it won’t replace BSC—the two chains will run in parallel, connected by a native cross-chain bridge.

The target specs are ambitious: 200 ms block times, around 20 ms pre-confirmation, sub-second finality, and 100,000+ TPS. For comparison, BSC only reduced its block time to 450 ms in the first half of this year.

No new token: $BNB will continue to serve as the gas, staking, and governance asset. CZ summed it up in one line: “Multiple chains, one coin.”

The focus is on high-frequency trading, on-chain order books, real-time payments, and AI agents, as well as native privacy transactions and account abstraction. It’s currently an internal multi-validator development network, with a public testnet planned for the end of 2026 and mainnet for early 2027.

$BNB is currently around $737.6, down 0.6% over the past 24 hours.

#BNBChain #BNB #Layer1

South Korea delays crypto income tax for the fourth time: A presidential office official said on the 25th that the crypto tax, originally scheduled to take effect on January 1, 2027, will be postponed again.

The tax rules themselves remain unchanged: gains from selling or lending crypto assets over the course of a year will be taxed at 22% (including local tax) after a basic allowance of 2.5 million won. Since the law was passed in 2020, the start date has been pushed back from 2022 to 2023, 2025, and then 2027.

A key reason for this latest delay is that the U.S. will not join CARF (the Crypto-Asset Reporting Framework for the automatic cross-border exchange of crypto transaction information) until 2029. Introducing the tax now would concentrate the burden on users of domestic South Korean exchanges. In addition, none of South Korea’s five largest exchanges has yet completed its tax-reporting system.

The ruling party has proposed moving the start date to 2029, and the People Power Party also supports a delay. The law is expected to be amended during tax law deliberations in November. $BTC is currently around 80500, down 0.2% over 24 hours.

#韩国 #加密税 #Regulation

Franklin Templeton’s two “dividends into $BTC ” ETFs have moved a step closer to launch: on 10/22, it filed an 8-A form with the SEC, registering FBEQ and FIBT on Nasdaq. The registration takes effect on 10/27; the exact trading date has not yet been announced.

The strategy is straightforward: FBEQ tracks the 500 largest U.S. companies by market capitalization, starting with 95% stocks and 5% Bitcoin. All dividends paid by its holdings will be converted into BTC at the market open on the day after the ex-dividend date.

So the Bitcoin allocation will keep growing. At quarterly rebalancing, if it exceeds 5%, it will be cut back to 4.5%. If it surges past 20% between rebalances, it will also be cut back to 4.5%.

The $1.8 trillion asset manager already has a spot ETF, EZBC, with about $467 million in assets. BTC is currently around $80,850, essentially flat over the past 24 hours.

#比特币ETF #富兰克林邓普顿 #BTC

On Saturday night, $BTC briefly fell below $80,000, reaching around $79,280 at about 23:20 Beijing time—the lowest level since 9/18. It has since recovered to around $80,780, basically flat over the past 24 hours.

The drop mainly wiped out bullish traders: CoinGlass data shows that $436 million was liquidated in the four-hour period on Saturday, including $404 million in long positions—the most since 10/14. More than $800 million was liquidated across the market in 24 hours, affecting over 200,000 traders.

$ETH fell even harder, briefly reaching around $2,289, a two-month low. ETH liquidations totaled $137 million over four hours, nearly matching BTC. It is now trading around $2,361.

The catalyst came from the Middle East: the WSJ reported an emergency evacuation of U.S. personnel from the region, while BTC ETFs saw combined outflows of around $773 million on Thursday and Friday. BitMEX co-founder Arthur Hayes also said he had “sold all” of his fund’s directional positions.

The Fed’s rate decision is due on 10/27–28, and PCE data will be released on 10/29. Whether $80,000 holds is key.

#BTC #加密市场 #Liquidations

The U.S. IRS is opening a fast track for catching up on crypto tax filings.

Jarod Koopman, head of the IRS Criminal Investigation division, said at a tax controversy conference at UCLA on 10/23 that the revised Voluntary Disclosure Program (VDP) is expected to launch before December. Cases will be closed within 120 days of submitting all required documents, whereas the process often takes more than a year now.

Penalties will be significantly reduced, and installment plans and settlement options are also being considered, so taxpayers won’t have to pay the full amount all at once. The specific reductions and eligibility requirements have not yet been announced.

Crypto won’t have a separate program; it will follow the same process as other unreported income. Those who failed to report income unintentionally may use other channels, such as amended returns.

Under the old VDP, the year with the largest tax deficiency was subject to a civil fraud penalty of up to 75%—one reason few people were willing to come forward voluntarily in the past. $BTC is now around 80,800, and has been essentially flat over the past 24 hours.

#加密税务 #IRS #U.S.Regulation

$USDT is returning to the Bitcoin mainnet: Utexo has opened Utexo Mint, allowing exchanges, wallets, and market makers to try minting, private transfers, and redemptions on the Bitcoin Signet testnet. It officially launches on November 28 through partner wallets and exchanges.

This version of USDT uses the RGB protocol and is a bridged version, backed by USDT0 reserves locked on Arbitrum. Transfer details are private by default, but can be selectively disclosed to meet compliance requirements.

The second phase is planned to integrate with the Lightning Network in Q1 2027, with a focus on near-instant payments. Utexo raised $7.5 million in a seed round this March, with Tether among the lead investors.

USDT got its start on Bitcoin back in 2014, so this is a sort of “coming home.” $BTC is currently around $80,870, essentially flat over the past 24 hours.

#USDT #比特币 #稳定币 #LightningNetwork

Franklin Templeton has added about $150 million worth of tokenized money market fund shares (sgBENJI) to the XRP Ledger: on Wednesday, two subscription receipts worth $75 million each were recorded on-chain, with the funds arriving in two batches on Thursday.

The on-chain share total surged from about 48 million to nearly 193 million, almost quadrupling. At a share price of $1.039, that amounts to roughly $200 million.

Interestingly, all the shares are held in a single wallet, which shares the same set of eight signing addresses as the issuer account. Franklin has yet to respond on whether this is a single investor or an omnibus account for multiple clients.

According to RWA.xyz rankings, Franklin is now the second-largest tokenized asset platform on XRPL, behind only RLUSD (about $930 million) and ahead of Ondo (about $185 million). $XRP is currently trading at around $1.29, down about 2.7% over the past 24 hours.

#XRP #RWA #代币化 #FranklinTempleton

HSBC’s first stablecoin is here: the Hong Kong dollar stablecoin HSBC RedCoin (RCHKD) launched on PayMe on 10/23. It holds a license issued by the HKMA, is redeemable 1:1 for HKD, and its reserve assets are held in segregated custody.

PayMe’s more than 3.3 million users will be able to open wallets in the coming days, transfer money to friends, and pay directly at over 100,000 merchants.

According to its official website, approximately 80.67 million HKD was in circulation as of 10/24, with around 79.4 million added in 7 days—most of it flowing in during the first day or two after launch.

Before year-end, it will also be integrated into the HSBC HK app, where users can subscribe to tokenized money market funds with RedCoin. Meanwhile, $BTC is still bottoming out around 80800 (-0.9% over 24h).

#稳定币 #香港 #HSBC

U.S. spot $BTC ETFs saw net outflows of about $138 million on Friday, marking a second straight day of outflows (HODL data not yet available).

IBIT led with $110.3 million in outflows, followed by FBTC with $31.8 million. Morgan Stanley’s MSBT was the only one to buck the trend, recording $4.2 million in inflows.

Combined outflows on Thursday and Friday totaled about $770 million, erasing more than 70% of the roughly $1.07 billion in inflows over the first three days. The week still ended with net inflows of about $300 million.

$ETH ETFs saw modest net inflows of $4.4 million on Friday, with FETH contributing $3.6 million.

As for prices, $BTC is now around $80,980, down 0.9% over 24 hours. Funds remain on the sidelines ahead of next week’s October 28 rate decision.

#比特币ETF #BTC #Fund Flows

South Korea is going to keep a close eye on cross-border crypto flows: starting December 3, every transfer from a Korean exchange to an overseas exchange, overseas custodian, or personal wallet must be reported to the Bank of Korea.

According to the Bank of Korea’s reporting manual, transfers completed that day must be reported by 11 a.m. on the next business day. Reports must include the time, type and amount of crypto, value in Korean won, fees, and information about both the sender and recipient. Direct transfers between personal wallets do not need to be reported.

Exchanges must also report users’ holdings at the end of each month by 5:30 p.m. on the 10th of the following month. This includes dormant accounts, delisted coins, and staked assets.

The original plan dates back to July 19, 2024, and covered around 1.27 million users across the five largest exchanges. The Bank of Korea said it may ease the rules so they apply only from December 3 onward, with the final version to be set in November.

From now on, if you buy $BTC in South Korea and then withdraw it overseas, the whole process will leave a record.

#韩国 #加密监管 #BTC

Initia mainnet has been urgently halted. At 23:41 Beijing time on 10/23, block production was suspended across Initia L1 and all the rollups built on it following a security incident.

Co-founder Zon said the issue was a 0-day vulnerability in MoveVM, which runs on Cosmos SDK. The attacker minted cross-chain assets out of thin air and bridged out about $2.7 million in AUSD, ETH, and USDC before the halt. Native $INIT was unaffected.

According to D2 Finance’s on-chain analysis, all the funds have been swapped for about 1,135.5 $ETH and transferred to a newly created wallet on Ethereum. Upbit has suspended INIT deposits and withdrawals.

$INIT initially fell 14% after the news broke, then rebounded. It’s now around $0.141, still up about 8.8% over 24 hours. The team has yet to announce the root cause or when operations will resume. Avoid moving assets on the bridge for now.

#Initia #链上安全 #CryptoFlashNews

Is Starknet looking to “break away” from Ethereum? The community vote is in: 93.52% of voting power supports exploring turning Starknet into an independent, quantum-resistant L1.

The Snapshot vote ran for 7 days and ended on 10/22, with 3,236 votes and around 489 million $STRK participating. It was the highest-participation vote in Starknet governance history; around 4.6% voted against and about 1.9% abstained.

Note that this was a non-binding vote that only authorized “research”; it does not amount to approval of a migration. For now, Starknet remains an L2 of $ETH . Actually moving to L1 would require another formal vote.

The reasoning: Starknet aims to achieve full quantum resistance by 2027, while Ethereum’s target is 2029. As an L2, its cross-chain bridge and data availability are tied to Ethereum’s timeline.

The team says STRK will remain the native token, with no new token issued, and the bridge from Ethereum to Starknet will remain open. StarkWare plans to release a white paper draft in November. $STRK is currently trading at around $0.0527, down 1.6% in 24 hours.

#Starknet #抗量子 #Layer2 #CryptoNews