
Lawmakers advance stablecoin tax while eyeing exit tax and wallet reporting.	͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏	View in browser

October 19, 2026

Your Daily Digest of the 🔥Hottest News in Crypto.

Today’s top stories

🏦 JPMorgan takes JPM Coin to Ethereum for institutional clients
💱 Crypto-to-stablecoin swaps could trigger tax from 2027
⛓️ Qubic halts layer-1 chain after weak seed exploit drains 1,400+ wallets
📰 Keep reading for all of today’s biggest headlines

JPMorgan takes JPM Coin to Ethereum for institutional clients: Report

JPMorgan is reportedly expanding its JPM Coin deposit token to Ethereum so institutional clients can make payments and settle tokenized asset transactions, according to Bloomberg. The token represents US dollar deposits held at JPMorgan and enables eligible clients to transfer funds in seconds around the clock, while remaining restricted to approved institutional participants. JPMorgan chose Ethereum for its liquidity and client use, following earlier rollouts or plans for JPM Coin on Base and the Canton Network.

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France advances stablecoin tax, eyes self-custodial wallets and exit tax proposals

France’s National Assembly narrowly adopted Amendment I-3898, which would make certain crypto-to-stablecoin swaps taxable events starting in 2027 and change how crypto capital gains are calculated, even without converting gains to fiat. Lawmakers also rejected a proposal to carry forward realized crypto losses for 10 years. Two other crypto-related measures remain under consideration for the 2027 Finance Bill: an exit tax on unrealized gains for taxpayers moving abroad with crypto portfolios exceeding €800,000, and a requirement to declare self-custodial wallet holdings above €100,000.

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Multi-asset platform brings global markets into stablecoin-based trading

Crypto platforms are moving into traditional finance as traders look for single-account access to global markets. Ahead of its ninth anniversary, Hotcoin lets users trade USDT-settled instruments tied to US and Asian equities, commodities, and forex alongside digital assets. Combining these markets brings up new considerations around cross-market execution, custody safeguards and high-leverage risk controls.

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Qubic freezes chain after attacker drains 1.4K wallets with weak seeds

Qubic halted its layer-1 blockchain after an attacker exploited weakly generated wallet seeds to drain about $1.4 million from more than 1,400 accounts, with 87.1% of the stolen funds still frozen onchain and the remaining 12.9% frozen by MEXC. The project said the flaw affected certain iPhone, iPad, Mac Safari, and Qubic iOS wallet seeds and has been fixed in a new web wallet version. Qubic’s team is now identifying affected wallets and preparing a recovery plan for its network validators to vote on, though it has not said when the chain will restart.

Stocks rebound into key tech earnings: Three things to know in Bitcoin this week

Bitcoin started the week around $82,000 as crypto and stocks attempted a tentative rebound. With little US macro data due, attention shifts to corporate earnings, including results from SpaceX, Tesla, and Meta, after last week’s tech-led sell-off that began in South Korea and spread to US equities.

Bitcoin closed the week below the $82,500–$82,800 support zone, with analysts warning it could retest $80,000. The Fed is widely expected to hold rates on Oct. 28, but persistent inflation and weakening US demand—seen in a negative Coinbase Premium Index—remain headwinds for BTC.