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Latest Crypto News | Bitcoin, Ethereum and Altcoin Updates

CoreWeave Credit Stress Deepens Despite Nvidia Support

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CoreWeave faces mounting financing pressure despite strong demand for AI computing. Nvidia CEO Jensen Huang has said the company is getting stronger and its financing costs are falling, but stressed that Nvidia does not need to guarantee its debt. Credit markets remain wary: CoreWeave’s five-year credit default swap (CDS) spread climbed above 1,100 basis points, and its 2031 bonds yielded roughly 15.8% to 16.2%. The company has nearly $50 billion in debt, a B+ credit rating and potentially $860 million to $940 million in quarterly interest costs. There are signs that financing remains available for specific projects: CoreWeave secured $8.5 billion in GPU-backed financing rated A3. Nvidia has invested $2 billion and agreed to buy up to $6.3 billion of computing capacity CoreWeave cannot sell through April 2032. The companies also plan to develop more than 5 gigawatts of AI data-centre capacity by 2030. Still, CoreWeave shares and bonds have come under pressure, and further funding could dilute shareholders. Traders will monitor credit spreads and company earnings for signs of whether demand and Nvidia’s commitments can offset debt risks.
Neutral
CoreWeaveAI infrastructureCredit riskNvidiaShareholder dilution

Seeking Alpha’s Politics and Markets Forum Offers No Specific Market Updates

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Seeking Alpha’s Politics and Markets post for 18 October 2026 is a forum for daily political discussion, not a report on specific market events. It provides participation and moderation guidelines but no data, named policymakers, economic developments, asset prices or investment analysis. The post therefore offers no specific information about the stock market, crypto market or trading conditions.
Neutral
PoliticsMarketsInvestor DiscussionCrypto Market

Rubio’s India Refinery Visit Amid Rising US Diesel Prices

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US diesel prices are rising as US Secretary of State Marco Rubio prepares to visit Reliance Industries’ Jamnagar refinery in India, described in the article as the world’s largest. US diesel futures have risen 5%, while retail prices could approach record highs. The visit is presented as part of US-India energy and investment diplomacy, with potential political implications ahead of the US midterm elections. Traders will watch for any policy or supply signals that could affect oil markets. The article does not report a direct cryptocurrency market impact.
Neutral
EnergyOil marketsUS-India relationsDiesel pricesUS elections

Whale Withdraws 1 Million CAKE from Bybit

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Blockchain monitoring service Arkham reported that whale address 0xf82 withdrew 1 million PancakeSwap (CAKE) tokens, worth about $2.16 million, from Bybit. The same wallet also withdrew 800 BNB, valued at approximately $576,000. The transfers show tokens moving off an exchange, but do not reveal the whale’s plans or confirm whether the assets will be held or used elsewhere. The withdrawals come as PancakeSwap’s core team has proposed “The Flip” governance plan. It would raise the share of trading fees paid to liquidity providers in v3 and Infinity pools to 88% across 11 supported blockchains, while cutting effective daily CAKE emissions from 22,500 to 7,000, a reduction of about 69%. The proposal could affect CAKE’s token economics if approved.
Neutral
CAKEPancakeSwapWhale activityToken withdrawalsTokenomics

Kraken Parent Payward to Acquire EU-Licensed Saldo Bank

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Payward, the parent company of crypto exchange Kraken, has signed a definitive agreement to acquire Saldo Finance Oy, the Finnish parent of Lithuania-based Saldo Bank. The price was not disclosed, and the deal is expected to close in 2027, subject to regulatory approval. Saldo Bank operates in Lithuania, Finland, Sweden and Germany under an EU banking licence. Its services include deposits, consumer and small-business lending, credit cards and embedded finance. The acquisition could give Kraken more direct access to European banking and payment infrastructure, including IBANs and SEPA transfers, reducing its reliance on third-party providers. Payward says the deal would help combine banking, payments and credit with digital-asset services, including crypto and tokenised stocks. It also fits the group’s broader acquisition strategy, which has included NinjaTrader, Bitnomial, Backed Finance and Reap, across areas such as derivatives, tokenised equities and payments. For Kraken, Saldo Bank could enable new European products and strengthen customer relationships. However, regulatory approval and cross-border integration remain significant hurdles, and the transaction’s completion is not guaranteed. The announcement is unlikely to have a material immediate effect on crypto prices; its longer-term importance depends on whether Payward can execute the acquisition and turn the expanded financial-services network into sustainable growth.
Neutral
KrakenPaywardEuropean bankingCrypto acquisitionsDigital assets

Uber Eats Robot Protest Leads to Arrest in Philadelphia

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A 78-year-old retired University of Pennsylvania professor, Carolyn Marvin, was issued a disorderly conduct citation after blocking an Uber Eats delivery robot on a Philadelphia sidewalk on October 14. Police said she ignored repeated orders to move after officers responded to a report involving criminal mischief; no damage to the robot was reported. Marvin says she will challenge the citation on First Amendment grounds and continue protesting, arguing that Uber Eats delivery robots threaten human couriers’ jobs. The robots, made and operated by Avride, began serving Philadelphia in March 2026. They can travel at up to 5 mph, carry as much as 55 pounds and are treated as pedestrians under Pennsylvania law, which requires them to yield to pedestrians and cyclists. The dispute highlights growing friction over delivery automation, worker displacement and how sidewalk robots should be regulated.
Neutral
Delivery robotsUber EatsAutomationLabor rightsPhiladelphia

DexCom’s 15-Day Sensor Drives Margin Expansion

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DexCom (DXCM) is shifting from defending its market position to pursuing growth through lower costs and broader use of continuous glucose monitoring (CGM). The article says the G7 15-Day sensor transition reduced manufacturing costs, helping lift gross margin by 400 basis points to 64.1% in Q2 2026. It also reports incremental operating margins of 70%. DexCom’s clinical case received support from CONNECT study results published in the New England Journal of Medicine, including findings relevant to people with Type 2 diabetes who use GLP-1 drugs. The author argues that the evidence could support wider insurance coverage and future growth. Despite a high price-to-earnings multiple, the article sees DexCom’s valuation as more attractive on a PEG basis, with cost savings and margin expansion supporting a long-term growth thesis. Upcoming US Centers for Medicare & Medicaid Services (CMS) decisions remain a key catalyst and risk.
Neutral
DexComContinuous glucose monitoringMedical devicesType 2 diabetesProfit margins

Parker-Hannifin Downgraded to Hold as Valuation Rises

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Parker-Hannifin has been downgraded from Buy to Hold because its share valuation is now seen as too high relative to its remaining upside. The company’s aerospace and industrial businesses continue to support growth: fiscal 2026 adjusted earnings per share rose 18%, while operating margins expanded to 27.3%. A strong order backlog and initial fiscal 2027 guidance point to further growth, although free cash flow is expected to fall despite higher earnings. Recent acquisitions add revenue and strategic fit, but higher leverage and integration risks could constrain capital returns. The assessment highlights a strong Parker-Hannifin business outlook, balanced against valuation and cash-flow concerns.
Neutral
Parker-HannifinAerospaceIndustrial SectorValuationFree Cash Flow

Paragon Pays $45,000 for PAPER Code, Signaling Possible Papertrade Perpetuals

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Paragon, a HIP-3 market deployer, spent 570.98 HYPE—about $45,000—to secure the PAPER code. The purchase may signal plans to launch Papertrade (PAPER) perpetual contracts, though a launch has not been confirmed. Papertrade is an on-chain synthetic perpetuals platform on HyperEVM that offers up to 1,000x leverage. Its PAPER token is minted through users’ realized trading losses, with no pre-mine or allocations to the team or venture investors. The possible Papertrade listing is a development to watch, but the reported code purchase alone does not confirm a launch or indicate broader market direction.
Neutral
PapertradePAPERHYPEPerpetual futuresHyperEVM

BTC Holds Above 82,000 USDT as 24-Hour Gain Reaches 0.51%

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Bitcoin (BTC) was above 82,000 USDT in both reports. On 15 October 2026, it traded at 82,024.3 USDT, up 0.24% over 24 hours, according to OKX data reported by Odaily. By 11:45 (UTC+8) on 18 October, BTC stood at 82,003.3 USDT and its 24-hour gain had increased to 0.51%. The later update shows a stronger daily percentage gain, although the quoted price was slightly lower. Neither report provided trading-volume data or identified a catalyst, so the figures alone do not confirm a sustained BTC breakout.
Neutral
BitcoinBTC priceCrypto marketUSDT

Papertrade’s Loss-for-Token Model Raises Risks for Traders

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Papertrade, a HyperEVM-based perpetuals platform, has rapidly generated headline-grabbing revenue by linking trader losses to PAPER token issuance and staking rewards. DefiLlama data cited in the article shows $42.24 million in seven-day protocol revenue, while much of the reported income came from LP pool surplus distributed to stakers rather than conventional trading fees. The model gives traders PAPER when they incur qualifying losses, with early users receiving more tokens per dollar lost. Stakers can share in settlement fees and eligible pool surpluses. However, Papertrade’s asymmetric PnL rules reduce traders’ profits without providing equivalent relief on losses, making supposedly hedged volume farming potentially costly. Leverage of up to 1,000x adds liquidation risk: early on, 4,395 of 5,836 addresses that used 1,000x leverage had reportedly been liquidated at least once. Lookonchain tracked one trader who lost about $1.71 million, received roughly $1.07 million in USDC staking rewards and acquired 136 million PAPER, leaving a cash loss of about $637,000 before assigning any value to the tokens. Another early account reportedly earned about $997,000 in USDC rewards against $979,000 in trading losses, while retaining 252 million PAPER. The article highlights first-mover advantage, uncertain PAPER liquidity and value, ongoing token issuance and potential dilution. Early staking payouts also fell sharply after launch, suggesting that headline revenue may not be sustainable. Traders should assess realized losses, reward eligibility, liquidation risk and token value rather than treating nominal volume or protocol revenue as guaranteed returns.
Bearish
PapertradePAPER tokenPerpetual futuresDeFiTrading risk

OpenCode Breach Exposes Some Users’ AI API Keys

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OpenCode said a breach of an old system may have exposed third-party AI API keys stored in its Console cloud service. The incident affected 1.4% of Console users, and OpenCode says it emailed everyone affected. Users who only run OpenCode locally and did not store keys in the cloud were not identified as affected. The exposed credentials may include keys for OpenAI, Anthropic and Google. OpenCode has not confirmed whether the keys were used, how the attacker gained access or whether the keys were encrypted. Users who received a notice should revoke and replace their keys with the providers, update any applications that use them, and check usage and billing from 17 October. Deleting a key from OpenCode alone is not enough. Some users have reported unexpected API usage, depleted balances and Google project restrictions. OpenCode says it is working with the three providers, but has not explained how unauthorised charges will be handled. The OpenCode breach highlights the risks of storing AI credentials in cloud services.
Neutral
OpenCodeAI securityAPI key leakOpenAICloud services

Grab Holdings Eyes Growth With $1.49B Atome Financial Deal

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Grab Holdings is positioned for multi-year growth across Southeast Asia’s ride-hailing, delivery and fintech markets. The company’s recent share-price pullback may be nearing a bottom, according to the article’s author, who sees potential for long-term investors. A key catalyst is Grab Holdings’ pending $1.49 billion acquisition of a majority stake in Atome Financial. The deal is expected to expand Grab’s financial services and lending capabilities. Integrating Atome’s AI-powered lending infrastructure could help Grab grow its loan book more quickly and cost-effectively. The article presents the acquisition as a potential driver of revenue and earnings growth, though it does not provide financial forecasts or discuss deal risks in detail.
Neutral
Grab HoldingsAtome FinancialSoutheast AsiaFintechDigital lending

Market Rotation Hits Tech as Commodities Lead

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A market rotation away from AI and growth stocks has put pressure on technology shares, particularly semiconductor stocks such as Nvidia (NVDA) and Broadcom (AVGO). Apple was more resilient than other large technology stocks. Oil and natural gas outperformed, while blockchain and semiconductor ETFs were among the weakest. The report says investors have been seeking value in lagging sectors, including consumer staples and other defensive areas. It expects portfolio repositioning after the US midterm elections and continued volatility until political uncertainty clears. Keeping cash available may give traders more flexibility. The market rotation could keep pressure on technology and blockchain-related investments, although the report does not provide specific cryptocurrency price forecasts.
Bearish
Market rotationTechnology stocksBlockchain ETFsCommoditiesMarket volatility

OpenAI Lists Three Undocumented Aurora Models in API

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OpenAI’s API has listed three new model identifiers: aurora-red-alpha, aurora-green-alpha and aurora-blue-alpha. The company has not announced the OpenAI aurora models, published documentation or shared pricing, capabilities or intended use cases. The identifiers drew wider attention after AI researcher @scaling01 posted about them on X. The post’s claims about their possible purpose remain unverified. Speculation links the Aurora name to an earlier aurora-alpha listing on OpenRouter in February 2026 and to a possible GPT-5.3-Codex-Spark variant. Neither connection has been confirmed by OpenAI. Suggestions that the new versions could offer optimized coding features or faster inference are also unconfirmed. For developers, the OpenAI aurora models are not yet suitable for production planning: without details on performance, rates or limits, teams cannot reliably assess cost or functionality. The next signals to watch are official OpenAI documentation or changelog entries and any appearance on third-party platforms. The API listings alone do not establish what the models do or whether they are broadly available.
Neutral
OpenAIAI modelsAPIAuroraOpenRouter

Yuga Labs launches Mudwater cards with APE rewards

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Yuga Labs launched Mudwater, a physical and digital trading-card project linked to Solana NFTs, on 17 October 2026. BAYC and MAYC holders received 6,551 Totems, which they can use to claim packs through 19 January 2027. Each BAYC NFT qualifies for 10 packs and each MAYC NFT for two; each pack contains 10 cards. The later update says more than 140,000 packs are available to claim, while an earlier report cited plans for 10,000 boxes. The debut set, “Swamp Origins,” features 120 artworks, including rare foil, numbered and “cracked-ice” cards. The latest report specifies eight serialized one-of-one cracked-ice cards. Each physical card is paired with a Solana NFT held in a vault. Mudwater is tradable on OpenSea, and upgrades to larger pack formats are planned. Mudwater transactions include a 2.5% reflection used to buy ApeCoin (APE), with the tokens distributed to collectors in proportion to their Mudwater card holdings. The project gives BAYC and MAYC holders a new collectible and potential secondary-market activity. Any effect on APE is likely to be limited and will depend on trading volume and collector demand.
Neutral
Yuga LabsMudwaterSolana NFTsBAYC and MAYCApeCoin

DeepSeek V4.1 Update Cuts Costs as China Weighs AI Controls

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DeepSeek released V4.1-Flash-1017 on October 17, around five weeks after its previous version. DeepSeek says the model completes tasks faster, produces shorter answers and improves coding performance. Its weights are available under the MIT licence on the DeepSeek website, app and API. On DeepSeek’s DeepSWE coding benchmark, the top configuration scored 77%, up from 74.2% for the previous version; DeepSeek estimates costs of about $0.20 per task, compared with $0.50 previously. The company also reported gains across 11 benchmarks. The model beat Claude Opus 5 on four software engineering and agent automation tests, but fell behind on seven. These are company-reported results without cited independent verification. API prices are unchanged, although shorter, token-billed outputs could lower users’ bills. DeepSeek’s Search & Fetch APIs cost $0.75 per 1,000 calls, with some access free until November 1. The update followed China’s proposal to add 23 AI technologies to its export-control list. Officials say open-source technology already in the public domain would be excluded, and overseas use of restricted models through APIs, apps or websites would not count as a technology export. The proposal is open for comment until November 15, and its terms may change. For crypto traders, the AI launch and proposed controls have no clear direct effect on cryptocurrency prices.
Neutral
DeepSeekAI modelsAPI pricingOpen-source AIChina export controls

KR1 Launches Ethereum Validators, Targets 6,000 ETH Staking

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London-listed digital-asset company KR1 has launched 10 Ethereum validators through a Lido V3 stVault operated by P2P.org, putting its Ethereum staking plan into operation. KR1 plans to stake up to 6,000 ETH from a treasury of about 6,200 ETH and has said it aims to expand beyond 100 validators. Further deployment will depend partly on Ethereum’s validator entry queue. KR1 retains control over withdrawals, validator fee arrangements and vault permissions, and can mint stETH as a liquidity option. Lido says stVaults combine validator ownership and selection with optional liquid staking; the contracts have been audited by five security firms and are covered by a bug bounty of up to $2 million. The launch adds institutional participation in Ethereum staking, but KR1 has not disclosed expected rewards, costs or net income. Its direct price impact on ETH is likely limited; realized returns will depend on scaling and operating performance.
Neutral
Ethereum stakingETH validatorsLido stVaultsInstitutional cryptoLiquid staking

Ladder Capital Q3 Growth Strengthens Revaluation Case

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Ladder Capital (LADR), a commercial real estate finance REIT, reported stronger asset quality and growth in distributable earnings in the third quarter. Its loan portfolio expanded by $400 million quarter over quarter, while dividend coverage rose to 152%—the third consecutive quarterly increase. The company also reduced its exposure to office properties and recorded a $31 million capital gain from an office sale. Its CECL credit-loss reserve declined, supporting the view that Ladder Capital is managing risk prudently. Shares trade at nearly a 20% discount to book value, which could offer revaluation potential if earnings and asset quality remain resilient. The results highlight improving dividend coverage and portfolio growth, though commercial real estate risks remain relevant.
Neutral
Ladder CapitalCommercial real estateREITDividend coverageAsset quality

France Advances Stablecoin Tax Proposal for 2027

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France’s National Assembly has narrowly approved a budget amendment that would end the tax deferral on cryptocurrency-to-stablecoin conversions from 1 January 2027. The vote was 38 in favour, 37 against and 25 abstentions. If enacted, converting crypto assets into stablecoins pegged to currencies such as the euro or US dollar could trigger capital gains tax, even without converting into fiat currency. The proposed rate is about 31.4%. The stablecoin tax amendment was introduced by lawmakers including Nicolas Sansu, but it has passed only the Assembly’s first reading. It must still be reviewed by the Senate and complete the remaining legislative process.
Neutral
Stablecoin taxFranceCrypto regulationCapital gains taxStablecoins

AI Stock Perpetual Liquidations Top $51.59M

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AI stock perpetual contracts and semiconductor ETF perpetuals saw about $51.596 million in liquidations after prices plunged briefly between 05:22 and 05:32 Beijing time on October 18, according to CoinGlass. Long positions accounted for about $38.062 million, or 73.77% of the total, while short liquidations came to about $13.534 million. The largest losses were in SOXL, at $12.73 million, followed by SNDK at $10.845 million and SK Hynix-related contracts at a combined $10.715 million. SOXS recorded $9.072 million in liquidations, and Micron contracts saw $4.404 million. The AI stock perpetual liquidation wave highlights the risks of leverage and sharp price moves in equity-linked derivatives.
Neutral
AI stock perpetualsLiquidationsLeverageSemiconductor ETFsDerivatives

BTC Trader Holds $110M Long After $9.05M Weekly Loss

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A trader on Hyperliquid has reportedly lost $9.05 million on leveraged long positions in one week but continues to add to a BTC long. The account had been up $19.7 million in late September, before its gains declined. The trader opened a 40x BTC long on October 16, at one point building the position to $187 million. A $11.74 million ETH long was fully liquidated, costing $1.08 million. Combined realized losses on BTC and ETH trades now stand at $4.5 million. The remaining BTC position is 1,355.6 BTC, worth about $110 million, with an unrealized loss of $287,000. The trader plans to close the position if BTC falls below $80,500.
Neutral
BTCLeveraged tradingLong positionsHyperliquidLiquidation

BIS: Higher Bank Rates Slow Stablecoin Growth

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A Bank for International Settlements (BIS) working paper finds that higher bank deposit rates are associated with slower stablecoin growth. In weekly data from January 2019 to June 2025, a 1-basis-point increase in average deposit rates was linked to stablecoin market-cap growth over the next 10 weeks easing from about 15% to 12%. An adjusted model estimated a sharper slowdown to around 6%, but the researchers said its causal evidence was weaker. Both estimates point to slower growth, not a decline in existing stablecoin value. USDC was more sensitive to deposit rates than USDT. The authors suggest this may reflect USDC’s closer links to US users and institutions, whose decisions may respond more to domestic bank rates, while USDT has broader offshore and emerging-market use. The research gives banks evidence that competitive deposit rates may curb flows towards stablecoins, but it does not establish that large-scale bank deposit flight has occurred. Stablecoin reserves may also remain in the banking system as issuer deposits, although they could affect banks’ liquidity needs and lending capacity. The findings largely reflect one high-interest-rate cycle in which stablecoins generally did not pay holders interest. Yield-bearing stablecoins and tokenized money-market funds could change that competition by offering on-chain returns closer to or above bank deposits. For crypto traders, the results point to a potential influence on stablecoin adoption and growth, rather than a direct signal of a change in USDC or USDT’s peg.
Neutral
StablecoinsBank deposit ratesBIS researchUSDCUSDT

TSMC’s AI Demand Fuels Expansion, but Valuation Risks Rise

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Taiwan Semiconductor Manufacturing Company (TSMC) reported strong results, with revenue up 41.2% year over year and earnings per share (EPS) rising 68.7%. Operating margins also expanded. The company is ramping up capacity to meet demand, including plans to more than double N2 production capacity in 2027 and add three N3 fabs. The analyst expects AI accelerator revenue to grow faster than TSMC’s previously projected mid-to-high-50% compound annual growth rate, and forecasts about 35% total revenue growth in 2027. The analyst maintains a Buy rating but says the risk-reward profile is less attractive than it was a few months ago. TSMC trades at about 18 times projected 2027 earnings, which the analyst describes as historically expensive.
Neutral
TSMCAI chipsSemiconductorsCapacity expansionValuation

ETH 13x Long Holds $97M Position, Down $9.49M

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An address on Hyperliquid is carrying an ETH 13x leveraged long position worth about $97 million, with an unrealized loss of $9.493 million, according to on-chain analyst Ai Yi. The trader opened the ETH position on September 21 and has since cut it by 8,250 ETH, realizing a loss of $2.277 million. The remaining position is 40,268.75 ETH, with an average entry price of $2,646.05 and a liquidation price of $2,290.99. The reported liquidation buffer is $116.51. The address is currently the largest ETH unrealized-loss holder, while the top three ETH positions on Hyperliquid have combined floating losses of $9.493 million. The large leveraged ETH position and its proximity to liquidation may draw traders’ attention to forced-selling risk if prices fall further.
Neutral
ETHHyperliquidLeveraged tradingLiquidation riskOn-chain analysis

Trader Reopens 25x ETH Long After Total Liquidation

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After being fully liquidated, crypto trader Machi Big Brother reopened a 25x leveraged ETH long position, according to Hyperbot data. The position holds 1,325 ETH, worth about $3.2 million, and was showing an unrealized profit of roughly $30,000. Its liquidation price is $2,368. The high-leverage ETH trade highlights the risks of rapid re-entry after liquidation, but is an individual position rather than a broad market signal.
Neutral
EthereumETH longLeverage tradingLiquidationCrypto traders

Anthropic’s $60B Chip Debt Carries a 10% Coupon

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Anthropic is pursuing a $60 billion debt package, Project North Star, to secure about 1.5 gigawatts of Google-designed TPU chips. The financing is structured as $42 billion of senior debt guaranteed by Broadcom and $18 billion of subordinated loans. Blackstone funds are expected to invest $9 billion in the subordinated debt at a 10% coupon, more than three percentage points above a comparable high-yield bond benchmark and up from 8.5% on an earlier Anthropic financing four months ago. The funds are expected to be drawn by 2027, with the debt later trading in the institutional 144A market. The high borrowing cost points to investor caution about the scale and economics of AI infrastructure spending. Anthropic is seeking computing capacity for expansion, while Blackstone is betting that a future IPO and improved credit rating could make refinancing cheaper. The deal has no direct crypto-market catalyst, but highlights the capital demands and financing risks facing major AI companies.
Neutral
AnthropicAI infrastructureChip financingHigh-yield debtBlackstone

Starwood Property Trust Faces Rate and Credit Risks

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Starwood Property Trust (STWD) faces rising pressure from higher interest rates, which could strain borrowers, increase refinancing costs and lead to additional credit provisions. Multifamily loan downgrades and concentrated office-property non-accruals point to areas of weakness, although overall commercial loan risk ratings remain stable. Distributable earnings remain below the dividend, making sustained dividend coverage dependent on improved earnings and the resolution of underperforming assets. The article warns that STWD’s low price-to-book ratio may be misleading if book value falls; its shares also trade at a premium to peers. A dividend-adjusted chart shows rejection near long-term resistance, alongside strong selling momentum and higher volume. The author says the earlier bullish view was wrong and has downgraded the stock.
Neutral
Starwood Property TrustCommercial real estateInterest ratesCredit riskDividend coverage

South Korea Seeks Exchange Input on 22% Crypto Tax

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South Korea plans to meet representatives of five major crypto exchanges and the Digital Asset Exchange Alliance (DAXA) on 20 October to gather industry feedback on a crypto tax due to take effect in January 2027. Under the current plan, income from transferring or lending virtual assets would be taxed at 22% after a 2.5 million won annual basic allowance. The crypto tax proposal has been postponed three times since it was first introduced in 2020, but the government is continuing preparations for implementation. The National Tax Service is expected to issue a related notice in November. Separately, financial regulators aim to complete a government draft of the Digital Asset Basic Act by the end of October and begin consultations.
Neutral
South KoreaCrypto taxCrypto exchangesDigital asset regulationTax policy