Crypto

Amendment I-3898 removes tax deferral for MiCA-compliant stablecoins starting January 2027. French lawmakers narrowly approved a proposal to tax gains when investors swap cryptocurrency for stablecoins, bringing the transactions a step closer to falling under the country’s 31.4% capital gains levy. The National Assembly adopted amendment I-3898 to the 2027 budget on Oct. 16 by 38 votes to 37, with 25 abstentions. The vote advances a proposal previously approved by.

Crypto

Your day-ahead look for Oct. 20, 2026 This is an excerpt from CoinDesk newsletter 'Daybook.' Sign up here, if you haven't already. Bitcoin BTC$81,466.90 dropped about 1.1% over the last 24 hours, ether ETH$2,381.94 fell 1.7% and the broader CoinDesk 20 (CD20) Index lost roughly 1.6%, pulled lower by declines in Asian stocks and the rising price of oil. Further weakness in equities could damp demand, analysts at QCP Capital.

Crypto

Bitcoin slipped 0.5% to around $81,400 even after the biggest daily spot ETF inflow in nearly a month as South Korea's Kospi index fell 3.7% on AI worries. Bitcoin BTC$81,435.34 slipped to around $81,400 on Tuesday, down 0.5% since midnight UTC, even after U.S. spot bitcoin exchange-traded funds attracted $526.6 million on Monday, their largest daily inflow in nearly a month. Asian stocks set the tone, with South Korea’s benchmark.

Crypto

South Korea’s KOSPI fell almost 4%, accompanied by one of the weakest IPO debuts in the country’s history, with data centre company Elice tumbling around 30%. South Korea’s KOSPI fell almost 4%, accompanied by one of the weakest IPO debuts in the country’s history, with data centre company Elice tumbling around 30%. Market jitters persist as the AI selloff deepens. South Korea’s KOSPI fell almost 4%, accompanied by one of.

Crypto

Elice’s debut slump added to concerns over AI infrastructure valuations, while rising oil prices compounded market uncertainty. South Korean data centre company Elice’s (0158S0) stock market debut added to nervousness surrounding artificial intelligence investments on Tuesday, as investors further questioned whether spending on infrastructure will deliver sufficient returns. The Seoul-based neocloud provider closed at 60,500 won ($45.57), down over 30% from its 90,500 won offer price. The IPO raised $151.

Crypto

Fidelity's FBTC and Grayscale's GBTC saw outflows of $83.6 million and $54.9 million, respectively. U.S. spot bitcoin exchange-traded funds attracted $526.6 million on Monday, the largest daily net inflow in nearly a month, driven entirely by BlackRock’s iShares Bitcoin Trust (IBIT). IBIT pulled in $665.2 million, its biggest daily inflow since Oct. 7 last year, according to SoSoValue data. Combined, the bitcoin funds last drew more on Sept. 22, when.