Plus: Mt. Gox Trustee Delays Creditor Repayments, French Lawmakers Adopt Stablecoin Swap Tax
Good Morning Lions,
JPMorgan is taking JPM Coin past Base and onto Ethereum. That tells me bank money wants the deepest settlement layer it can find, frens. BUT, no launch date means this is still an announcement, and France's razor-thin swap tax vote shows how fast the rules around stablecoins can get messier for regular holders.
JPMorgan Readies JPM Coin for Ethereum
TL;DR: JPMorgan is bringing JPM Coin, its almost year-old token representing dollar deposits, to Ethereum, a Kinexys executive told Bloomberg. The move expands the deposit token beyond Base. No launch date was given.
Mt. Gox Trustee Delays Creditor Repayments
TL;DR: A Japanese court approved moving Mt. Gox's creditor repayment deadline from Oct. 31, 2026, to Oct. 31, 2027, per an Oct. 16 notice from trustee Nobuaki Kobayashi. Kobayashi cited unfinished procedures and payment-processing problems as the reasons for the one-year extension.
French Lawmakers Adopt Stablecoin Swap Tax
TL;DR: France's National Assembly adopted Amendment I-3898 by 38 votes to 37. If enacted, it would make certain crypto-to-stablecoin swaps taxable starting in 2027. Separate proposals covering an exit tax and self-custody remain pending.
DeFi Tokens Lead Altcoin Gains
TL;DR: Bitcoin traded around $82,500 on Oct. 19, up about 0.5% since midnight UTC, according to CoinDesk data. The broader CoinDesk 80 index rose 0.9%, and DeFi led CoinDesk's sector benchmarks.
NEAR Intents Reports Daily Swap Volume
TL;DR: NEAR Intents processed $130.7 million in cross-chain swaps over 24 hours, according to a project post cited by U.Today. The NEAR token traded between $4.97 and $5.10 during that window.
Ripple Puts AI Payments on Swell Agenda
TL;DR: Ripple's Swell conference runs October 27 to 29 in New York, U.Today reported. The agenda includes sessions on AI agents moving money and on Ripple's ongoing work with Common Prefix to formally verify the XRP Ledger.
Shiba Inu Sees Net Exchange Inflow
TL;DR: On-chain data reviewed by U.Today showed 538 SHIB withdrawal transactions alongside a net exchange inflow of 63.49 billion SHIB. The outlet flagged $0.00000460 as the next downside level if current support breaks.
If the French swap tax makes it all the way to enactment, moving into stablecoins turns into a taxable event for French holders. The self-custody proposal still pending could hit even harder. 🦁 — Khal
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More crypto news, daily, at news.leodex.io. The Daily LEO · Written by the LEO Team, Edited by Khal.