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Whale Alert reported that 5,000 BTC has been transferred from Binance to an unknown wallet. The transaction is valued at about $399 million.

South Korea’s Democratic Party and the government are expected to discuss delaying the planned January implementation of taxation on virtual assets, also referred to as digital assets, at a policy coordination meeting on Oct. 28, Digital Asset reported. The report came after opinions were raised at the Democratic Party’s general meeting that the tax, scheduled to take effect in January next year, should be postponed. Hwang Jong-seop, an aide in the office of Democratic Party lawmaker Kim Han-kyu, said a party-government meeting is set to be held tomorrow and the issue of delaying digital asset taxation is also expected to be on the agenda, according to the report.

Firedancer’s development team has changed its rules to require users to burn one SOL for each bug report in an effort to curb indiscriminate submissions, CoinDesk reported. Firedancer, software developed by Jump Crypto, is used to validate and process Solana transactions. Under the new policy, a reporter becomes eligible for a bug bounty only after burning one SOL, and the burned token will not be returned even if the submission is duplicate or invalid. The move comes as a surge in bug reports generated with artificial intelligence has made it harder to verify genuine vulnerabilities. Jump Crypto also decided to double rewards for eligible bug reports through Nov. 20 and to pay triple rewards for bugs tied to Alpenglow, Solana’s new voting system, according to the report.

Binance announced it will delist 10 cross-margin trading pairs at 6:00 a.m. UTC on Oct. 30: RE/USD1, 币安人生/U, KAT/U, BTC/USDS, ETH/USDS, AVNT/U, FET/U, TRUMP/U, APT/U and WLFI/U.

South Korean exchange Bithumb announced it will temporarily suspend HBAR deposits and withdrawals starting at 11:00 a.m. UTC on Oct. 28 to support the Hedera network upgrade.

Matthew Driver, head of services for Asia-Pacific at global payments company Mastercard, said faster stablecoin payments require infrastructure to support conversions between fiat currencies and stablecoins. In an interview with CNBC, Driver said stablecoins could be useful for some cross-border remittance corridors and thinly traded currency pairs, but if conversions between fiat and stablecoins are slow, faster blockchain transfers in the middle of the process may not improve overall payment speeds. Driver added that in markets where retail payment systems are already efficient, such as Singapore, stablecoins may have greater potential in business payments than in consumer payments.

Ethereum developers fixed a flaw in the Glamsterdam upgrade that could have allowed validator deposits to be credited to a builder, CoinDesk reported. According to Ethereum researcher avsetsin, the issue could arise if an operator registered as a builder with a specific public key and a staking service then deposited ETH to launch a validator using the same key, causing both deposits to be credited to the builder. Avsetsin said the finding involved conditional code, with no confirmed real-world exploitation and no reported losses. Glamsterdam is now live on the Sepolia testnet, while deployment on the Hoodi testnet has been delayed once. The upgrade aims to improve block production, state growth and execution limits while laying the groundwork for expanding Layer 1 capacity.

South Korean exchange Upbit announced the addition of NIL, Nilion, for KRW trading at 7:40 a.m. UTC today.

On-chain credit assessment platform Hybnomic said on Oct. 27 it had secured the position of largest shareholder in Guardian Holdings, the operator of South Korean virtual asset service provider Oasis. Hybnomic, which was already a major shareholder, said it joined Guardian Holdings' third-party allotment capital increase on Oct. 26, strengthening its management control by becoming the top shareholder. Oasis is one of 28 VASPs that have completed business registration acceptance with South Korea’s Financial Intelligence Unit. Through the stake acquisition, Hybnomic plans to introduce its on-chain data analytics technology into Oasis’ infrastructure and expand advanced infrastructure businesses, including digital asset settlement, conditional asset transfers, and trust-linked custody.

South Korean exchange Bithumb announced it will temporarily suspend Cosmos (ATOM) deposits and withdrawals at 10:00 a.m. UTC on Oct. 28 due to a network upgrade.

At a general meeting of lawmakers from South Korea’s ruling Democratic Party, some members voiced support for delaying virtual asset taxation scheduled to take effect in January next year, Digital Asset reported. Jeon Eun-su, the Democratic Party’s floor spokesperson, said in a back briefing after the meeting at the National Assembly’s main building on Oct. 27 that views were expressed in favor of a delay, although no decision was made that day. According to Jeon, Democratic Party lawmaker Ahn Do-geol argued at the meeting that it would make sense to first enact a basic law on digital assets and then implement taxation alongside it. Jeon added that the party would gather more views before making a decision and aims to reach one soon, with about 60 days left before the measure is set to take effect.

South Korean exchange Upbit announced it will temporarily suspend deposits and withdrawals for NEAR at 12:00 a.m. UTC on Nov. 4 due to a network upgrade for Near Protocol.

The following are the 24-hour long/short ratios for BTC perpetual futures on the world’s three largest crypto futures exchanges by open interest: Overall: 50.64% long, 49.36% short - Binance: 50.5% long, 49.5% short - OKX: 49.96% long, 50.04% short - Bybit: 50.32% long, 49.68% short

South Korean crypto exchange Bithumb announced it will temporarily suspend deposits and withdrawals for VERONA at 9:00 a.m. UTC on Oct. 28 to support the token’s network upgrade.

Former New York Stock Exchange Group President Thomas Farley said in a recent interview with Crypto in America that tokenization of U.S. stocks could happen sooner than expected. Farley said issuers’ rights must be respected throughout the tokenization process, adding that there are currently around 2,500 issuers and that their rights, benefits and control over the stocks and tokens they issue must be guaranteed. Farley also said U.S.-listed shares had previously shifted from paper stock certificates to electronic book-entry records, and the same principle applied at that time.

A wallet believed to be owned by UK alternative asset manager Fasanara Capital holds roughly $123 million in short crypto positions, with unrealized profit standing at about $6.49 million, BlockBeats reported. The address, which begins with 0x7fda, currently holds about $125 million in futures positions, of which around 98.4% ($123 million) are shorts. Its largest position is an Ethereum short worth about $60.82 million, using 25x leverage. Unrealized profit on that position stands at about $3.91 million, accounting for more than 60% of the wallet’s total unrealized gains.

IBM, Oracle, Intel and IonQ have formally exercised their right to block stock tokenization listings through OKXICE, a joint platform between OKX and Intercontinental Exchange, the parent of the New York Stock Exchange. That brings the number of companies opposing stock tokenization listings on the OKXICE platform to 26.

U.S. spot Ethereum ETFs recorded $88.58 million in net outflows on Oct. 26, according to SoSoValue. - BlackRock ETHA: -$104.71 million - Fidelity FETH: +$16.13 million

U.S. spot BTC ETFs recorded a net inflow of $110.34 million on Oct. 26, reversing course after two trading days of net outflows, according to SoSoValue. - BlackRock IBIT: +$110.34 million

Financial services firm StoneX raised its price target on Strive, which is pursuing a Bitcoin treasury strategy, to $43 from $32, while maintaining a Buy rating, The Block reported. Mark Palmer, StoneX senior equity research analyst, said the outlook for Strive’s Bitcoin accumulation strategy has improved. Palmer said Strive strengthened the sustainability of its Bitcoin treasury strategy using preferred stock as it overhauled its capital structure. On Oct. 20, Strive completed an expanded IPO of seven million shares of SATS preferred stock with a 15% annual dividend, securing $630 million in gross proceeds before taxes. Palmer said the fundraising and warrant expirations marked a turning point in the reshaping of Strive’s capital structure. Over the past year, the company has built a model for funding Bitcoin purchases through perpetual preferred stock, and the addition of SATS alongside its existing variable-rate Series A perpetual preferred stock, SATA, allows it to address demand from different income-focused investors. Separately, Strive bought an additional 6,182 BTC from Oct. 17 to 23, bringing its total holdings to 43,000 BTC.

The following shows estimated liquidation volumes and position ratios for major crypto perpetual futures over the past 24 hours: - BTC: $37.39 million liquidated (51.88% longs) - ETH: $27.76 million liquidated (54.41% longs) - Q: $7.86 million liquidated (73.83% shorts)

Zcash co-founder and core developer Sean Bowe has submitted a draft Zcash Improvement Proposal, or ZIP, to end the Zcash Community Grants, or ZCG, allocation that accounts for 8% of the block subsidy and redirect it to a Network Sustainability Mechanism, or NSM, Wu Blockchain reported. The proposal would hold the reallocated funds so they do not immediately enter circulation. The proposal argues ZCG’s existing reserves are sufficient to continue its grant-making activities, and the share of new block subsidies previously allocated to ZCG would instead be redirected to the NSM to support the network’s long-term operations.

Thailand has launched WORPT, a digital wallet that lets foreign tourists convert USDT and USDC into baht for payments through Thailand’s PromptPay QR network, Bitcoin.com reported. WORPT operates under the sandbox of Thailand’s SEC and Digipay, and was developed by Waan Exchange and Wipay. Merchants can receive settlement in baht instead of cryptocurrency. Tether, Visa and The Mall Group are participating in the project, while WORPT is also preparing physical and virtual cards and plans to hold an official launch event in November.

Taiwanese singer Jeffrey Huang, better known as Machi Big Brother, lost all funds in paper trading on a decentralized perpetual futures exchange, according to Lookonchain. Huang had just $4,517.7 left in a Hyperliquid account, and one hour ago cut losses on another Mutant Ape NFT to raise additional trading capital.

A wallet believed to be linked to TRON founder Justin Sun withdrew 4.65 trillion PEPE worth $20.32 million from Poloniex, according to ai_9684xtpa. Exchange withdrawals are generally interpreted as a sign of holding rather than selling. The address currently holds 11.8 trillion PEPE, with an average entry price of $0.000004114 and unrealized gains of $2.085 million.