Odaily reports that HIP-3 market deployer Paragon spent 570.98 HYPE (approximately $45,000) to win the PAPER ticker at auction, and may soon launch Papertrade (PAPER) perpetual contracts. Papertrade is an on-chain synthetic perpetual contract trading platform deployed on HyperEVM, offering leverage of up to 1000x. Its token PAPER is minted through users' realized trading losses, with no pre-mine, team, or VC allocations.

Odaily: London Stock Exchange-listed blockchain infrastructure company KR1 plc has launched its own Ethereum validators, operated by P2P.org within Lido V3's stVaults. KR1 recently plans to stake up to 6,000 ETH, with the first batch of 10 validators going live, and the specific rollout pace depends on the Ethereum validator entry queue. KR1 retains control over deposits and withdrawals, validator fee arrangements, and vault role permissions, and has the option to mint stETH for liquidity. Lido stated that stVaults resolve the trade-off between native staking and liquid staking, allowing stakers to both select validators and retain ownership while maintaining liquidity through stETH. Lido disclosed that the stVaults smart contracts have been audited by firms including Certora, MixBytes, Consensys Diligence, Ackee Blockchain, and Sigma Prime, and offer a bug bounty of up to $2 million.

According to monitoring by on-chain analyst Ai Yi, an address lost $9.05 million on long positions over the course of a week but continued to add to its position. At the end of September this year, the address's Hyperliquid account was once up $19.7 million in profit, after which the account's returns declined. Its most recent BTC 40x long position was opened in the early hours of October 16, with the position at one point increased to $187 million; 5 hours ago, its ETH long position worth $11.74 million was fully liquidated, with a loss of $1.08 million. As of now, the address's ETH and BTC trades have realized a combined loss of $4.5 million. It currently has a remaining $110 million BTC long position totaling 1,355.6 BTC, with an unrealized loss of $287,000, and plans to stop out of the entire position if the price falls below $80,500.

Odaily reports: According to CoinGlass data, between 05:22 and 05:32 Beijing time today, the prices of perpetual contracts related to several US AI concept stocks experienced a brief sharp decline, resulting in total liquidations of approximately $51.596 million across AI stock and semiconductor ETF perpetual contracts. Of this, long position liquidations amounted to approximately $38.0622 million, while short position liquidations totaled approximately $13.5338 million, with longs accounting for about 73.77%.

Breaking it down: the triple-leveraged long semiconductor ETF (SOXL) saw approximately $12.7301 million in liquidations, SanDisk (SNDK) approximately $10.845 million, SK Hynix (SKHY and SKHYNIX combined) approximately $10.7152 million, the triple-leveraged inverse semiconductor ETF (SOXS) approximately $9.0721 million, and Micron (MU) approximately $4.4044 million.

Odaily reports: France's National Assembly passed a 2027 budget amendment with 38 votes in favor, 37 against, and 25 abstentions, proposing to eliminate the tax deferral treatment for converting cryptocurrencies into single-currency stablecoins starting January 1, 2027, and to bring such transactions within the scope of capital gains taxation.

Under the amendment, when investors convert crypto assets into stablecoins pegged to fiat currencies such as the euro or U.S. dollar, they may be required to pay capital gains tax at the current flat rate of approximately 31.4%, even if the assets are not converted into legal tender.

The amendment was proposed by French lawmaker Nicolas Sansu and others, and France's Minister of Public Accounts had previously called for its withdrawal on the grounds of implementation complexity. The amendment has currently only passed the first reading in the National Assembly and has not yet formally become law; it still needs to go through Senate review and subsequent legislative procedures. (The Defiant)

Odaily reports, according to Hyperbot data, Machi Big Brother made a swift comeback four hours ago after suffering a total liquidation, re-opening a 25x leveraged Ethereum long position. The position currently holds 1,325 ETH, valued at approximately $3.2 million, with an unrealized profit of about $30,000. The current liquidation price is $2,368.

Odaily Report: According to on-chain analyst Ai Yi's monitoring, the top three ETH positions on Hyperliquid are currently showing an unrealized loss of $9.493 million, with one address becoming the address with the largest unrealized loss on ETH. This address has held a 13x long ETH position since September 21, during which it reduced its position by 8,250 ETH, realizing an actual loss of $2.277 million. It currently still holds 40,268.75 ETH, worth approximately $97 million, with an average entry price of $2,646.05, a liquidation price of $2,290.99, and a remaining liquidation buffer of $116.51.

Odaily Report: According to Lookonchain monitoring, trader "Brother Machi" (@machibigbrother) suffered a full liquidation again approximately 4 hours ago, with nearly all of the 250,000 USDC deposited two days prior now lost.

Lookonchain noted that Machi's unrealized gains on the Hyperliquid platform once reached as high as $44.84 million a year ago. Now, not only has he given back all of those profits, but he has also incurred an additional loss of approximately $36.85 million, with cumulative P&L having drawn down about $81.69 million from its previous peak.

Odaily reports: The South Korean government plans to convene representatives from the five major virtual asset exchanges—Upbit, Bithumb, Coinone, DigitalX, and Gopax—along with executives from the Digital Asset Exchange Alliance (DAXA) on October 20 to hold a forum on the virtual asset taxation policy originally scheduled to take effect in January 2027, in order to gather industry feedback.

Under the current plan, South Korea will levy a 22% tax rate on income from virtual asset transfers and lending after deducting a basic exemption of 2.5 million Korean won. The tax policy has been postponed three times since it was proposed in 2020, and the government is currently still advancing preparatory work according to the original timetable. The National Tax Service of South Korea is expected to issue relevant announcements in November.

In addition, South Korean financial regulators are accelerating the government draft of the "Digital Asset Basic Act," which is expected to be completed by the end of this month, with the relevant consultation process to be launched. (Yonhap)

Odaily Report: Former Mt. Gox CEO Mark Karpelès posted on X platform, criticizing that if Ledger had disclosed the relevant issues in a more timely and effective manner, rather than only publishing an inconspicuous article on Ledger Academy, losses exceeding $90 million might have been avoided. He also questioned why Ledger had not maintained sufficient vigilance regarding mass-produced advanced implant devices.

In response, Ledger CEO Pascal Gauthier questioned Mark Karpelès's stance, stating that Ledger has always done its utmost to protect users. He said that related security work is extremely challenging and acknowledged Karpelès's concern about the matter, but demanded that he speak based on known facts and avoid speculation. He also remarked sarcastically: "Come on, you're no white knight, be realistic."

Odaily reports: South Korean Finance Minister Lee Hyung-il said on Saturday that the semiconductor industry boom will continue at least through 2027. Speaking to CNBC on the sidelines of the IMF and World Bank annual meetings in Bangkok, Lee said: "At present, we judge that this round of growth can last at least until next year. The reason is that the semiconductor supply-demand gap remains huge, and the supply side is still expanding." Lee said chip stocks have amplified volatility in the South Korean stock market this year. He noted that the semiconductor industry accounts for a larger share of the domestic economy than in other countries, which has caused sharp market swings. But he stressed that despite market fluctuations, South Korea's economic fundamentals remain solid.

Odaily reports that Solana officially announced on the X platform that Mudwater TCG, a physical and digital trading card game under Yuga Labs, has launched on Solana. The series features 120 BAYC-themed artworks and includes different versions such as foil cards, numbered cards, and ice-crack rare cards.

Bored Ape Yacht Club officially stated that a total of 6,551 Totems have been airdropped to BAYC and MAYC holders, who can use the Totems to claim Mudwater card packs.

1. Arthur Hayes: Quantum computing is not a reason to sell Bitcoin; users should pay attention to wallet management;

2. "AI Stock Guru" Leopold's fund plans to disclose Q3 holdings on November 16, having previously bet on SanDisk and Micron in the first half of the year;

3. Frgmnt co-founder says stablecoins cannot fully decouple from traditional banking risks;

4. Deutsche Bank plans to launch institutional-grade crypto custody, initially targeting professional clients in Germany;

5. Solana has not reported mainnet downtime for two consecutive years; Fidelity notes that areas such as staking require continued observation;

6. Analyst: Bitcoin reversed on Monday after rising for 3 consecutive weekends; opposite moves often occur during weekend declines;

7. The team behind TRUMP earned $779 million to $1.16 billion in profits from coin buyers, who suffered losses of 97%;

8. Approximately 6.04 million BTC face quantum exposure risk; 9 blockchain organizations establish the Quantum Alliance;

9. Former Mt. Gox CEO Mark Karpelès accuses Ledger CEO of failing to properly handle hardware wallet supply chain attacks;

10. With $2.3 billion in outstanding balances, Coinbase advances crypto-backed loans alongside on-chain bank deposits;

11. Circle plans to expand into approximately 40 emerging markets, covering Southeast Asia, Latin America, Africa, and the Middle East;

12. Polygon Labs completes acquisition of Coinme, entering the payments market via stablecoin infrastructure.

Odaily reports: According to MSX.COM data, between 05:22 and 05:32 Beijing time today, the prices of perpetual contracts related to multiple US AI concept stocks experienced a brief sharp decline, followed by a rebound.

Among them, Western Digital (WDC) fell as much as 7.03%, hitting a low of $298.70, and is now at $318.65; Nebius (NBIS) fell as much as 6.97%, hitting a low of $155.12; Applied Optoelectronics (AAOI) fell as much as 6.93%, hitting a low of $70.52; IREN fell as much as 6.92%, hitting a low of $25.17.

In the memory chip sector, Micron (MU) fell as much as 6.32%, hitting a low of $818.57, and is now at $864.76; SK Hynix (SKHY) fell as much as 6.30%, hitting a low of $127.68, and is now at $135.14; SanDisk (SNDK) fell as much as 6.10%, hitting a low of $1,215.35, and is now at $1,269.35.

In addition, CoreWeave (CRWV) fell as much as 5.87%, and the SpaceX-related perpetual contract (SPCXUSDT) fell as much as 3.50%.

Odaily reports: Variational announced in its official Discord channel that due to an update to the wallet connection process, during a maintenance window 5 days from now (expected at 3:00 AM on Friday, October 23, 2026), all users will be logged out and must log back in through the new process to view their positions and resume trading.

Based on the development cadence Variational previously hinted at, the community speculates that this update is most likely related to the introduction of a trading API feature. Given that every Friday is Variational's points distribution day, if the trading API does indeed go live in the next update, the intervention of programmatic trading is expected to rapidly amplify the platform's trading volume, which could significantly affect the efficiency of points acquisition.