Odaily News: The Finance Committee of the French National Assembly has passed an amendment that would require the declaration of self-custodial wallet crypto assets valued at or above €100,000 (approximately $112,000) at year-end, with non-declarers facing fines of up to €10,000 (approximately $11,000). The rule has not yet become law and may still be subject to changes.Harry Halpin, CEO of privacy infrastructure company Nym, stated that French tax authorities are suspected of selling taxpayer data to criminals, and the new declaration requirement could threaten the safety of asset holders. Rand Hindi, founder of privacy protocol Zama, called on French crypto asset holders to leave France, and those unable to leave should hire security for their families.The proposal comes amid a series of crypto-related robberies, kidnappings, and "wrench attacks" that have occurred in France in recent years. The committee had also passed measures treating crypto-to-stablecoin conversions as taxable sales and expanding the scope of crypto exit taxes, but the budget revenue portion was subsequently rejected by a vote of 31 to 3, and the related amendments will need to be resubmitted. (Decrypt)

Odaily News: Prediction market conference NEXTPredict has paid a $12,000 premium to hedge approximately $3 million in conference investment through prediction market platform Kalshi. If the cancellation rate of flights to New York's John F. Kennedy International Airport on October 21 exceeds 50%, the related contract will pay out approximately $3 million.The trade is market-made by financial institution Susquehanna, with the settlement date falling on the main travel day before NEXTPredict's summit at Convene in Hudson Yards, New York, on October 22-23. Pierre Lindh stated that this is the first time the events industry has hedged a conference through prediction markets.Kalshi self-certified the flight cancellation contract with the U.S. Commodity Futures Trading Commission (CFTC) on July 14 and customized the market for institutional clients; retail investors cannot participate. Flight disruptions caused by specific reasons such as drone incidents or bomb threats do not trigger payouts. (Decrypt)

Odaily reports: Zcash full-node development team Zakura has stated that the network is expected to introduce a quantum-resistant signature opcode in January, enabling hash-based signatures for transparent payments. Zcash's transparent payments publicly display transaction information, while shielded payments hide the sender, receiver, and amount.The proposal combines address rotation with private information retrieval, allowing wallets to switch to a new address after each transaction and reduce public key exposure risk through WOTS hash-based fallback signatures. The Vizor wallet launched its private query feature this week, allowing users to enable it for testing in the settings.Zakura's proposal currently only covers Zcash transparent payments, and the network has not yet confirmed the activation time for the opcode. Ethereum researcher Justin Drake has warned that AI-driven mathematical breakthroughs could crack the relevant signatures in months rather than years; Vitalik Buterin believes it is possible that cryptographic technology could be broken within the next two years. (Decrypt)

Odaily News: The French National Assembly's Finance Committee this week approved two crypto tax amendments: starting January 1, 2027, converting MiCA-regulated stablecoins will be treated as a taxable sale; and a proposed exit tax on tax households whose total crypto asset value exceeds 800,000 euros and who relocate abroad.On October 9, the committee rejected the budget revenue section by a vote of 31 to 3. The full National Assembly will deliberate based on the government's original text, and the above amendments will not be automatically included. Supporters will need to reintroduce them during debates starting October 13, with the formal vote scheduled for October 20. The related measures have not yet become law.The stablecoin amendment was proposed by left-wing GDR party member Nicolas Sansu and 16 co-signatories, and applies to electronic money tokens as defined by MiCA. The amendment does not set a new tax rate, but instead seeks to include the relevant gains under France's existing 31.4% flat tax regime.The committee also approved an amendment proposed by Daniel Labaronne, allowing investors to carry forward crypto asset losses for 10 years to offset future gains. The proposed exit tax applies to taxpayers who have been French tax residents for at least 6 of the past 10 years and whose total crypto assets, including custody assets, exceed 800,000 euros in value. (Decrypt)

Odaily News: Starknet, the Ethereum scaling network built by StarkWare, has stated that it is actively considering transitioning into an independent Layer 1 (L1) network and has set 2027 as its target for becoming the first fully quantum-resistant network. STRK was trading at approximately $0.073 on Friday, up about 20% in 24 hours and more than double its price of around $0.03 in April.StarkWare CEO Eli Ben-Sasson said that after becoming an L1, Starknet would be able to control security upgrades on its own without waiting for Ethereum to advance related work. As a Layer 2 (L2) network, Starknet currently relies on Ethereum for security; after transitioning to an L1, it will validate and secure transactions itself.Eli Ben-Sasson pointed out that quantum computers may in the future break the elliptic curve cryptography used by Bitcoin and Ethereum, and that AI's development in mathematics also poses another risk. Ethereum's roadmap is expected to complete core quantum-resistant infrastructure around 2029, while Starknet plans to move that up to 2027; currently, no quantum computer is capable of breaking these systems. (Decrypt)

Odaily News: Crypto information platform Decrypt has launched Decrypt Money Accounts on Solana. Account balances are denominated in USDT and can be used across products including Earn, Swaps, Predictions, and Perps. The platform covers gas and rent fees through fee-payer co-signing, so users do not need to hold SOL or handle network fees.The account uses a self-custody model. Decrypt does not hold users' private keys and cannot execute transactions on their behalf. Users can deposit funds through multiple payment methods. A private key export feature is expected to be available shortly, after which accounts can be connected to any Solana wallet software.Cross-chain operations are handled at the platform's underlying layer. For example, Myriad Predictions markets settle on BNB Chain, yet users can still trade using the same Solana USDT balance without bridging or switching networks. Existing Myriad Wallet users can use the service directly without migration.Decrypt Money Accounts will serve as the underlying channel for The Information Exchange, connecting Decrypt, Myriad, and the upcoming MYR. The platform will subsequently expand prediction markets into instruments such as spot, perpetual futures, and structured event products. (Decrypt)

Odaily reports: Europol released two reports on Wednesday, urging organizations, policymakers, and the cryptocurrency industry to immediately prepare for the threat of quantum computing. Its European Cybercrime Centre noted that cryptocurrency wallet keys are the primary exposure point for quantum attacks, while the hash functions used to secure blockchains currently remain largely quantum-resistant.The reports state that a sufficiently capable quantum computer could derive private keys from exposed public keys, enabling attackers to transfer assets without authorization. Wallets whose public keys have already been exposed on-chain cannot be protected retroactively; holders need to migrate their assets to new wallets before an attack occurs.Glassnode estimated in May that 6.04 million BTC, representing 30.2% of the issued supply, have exposed public keys. The reports note that NIST-standardized post-quantum signatures are 10 to 120 times larger than the ECDSA signatures currently used by Bitcoin, and migrating all Bitcoin unspent transaction outputs would require at least 76 cumulative days of downtime.A second report published by Europol points out that commonly used protocols such as TLS, SSH, and OpenPGP face "harvest now, decrypt later" risks, but there is currently no clear evidence that this approach has been exploited at scale. The report argues that for payments, immediate interception within the brief window before transaction confirmation poses a more direct quantum risk than post-hoc decryption. (Decrypt)

Odaily reports: Hardware wallet company Ledger announced at TOKEN2049 in Singapore the launch of a self-custodial lending feature within its wallet app called Crypto Loan. Eligible users can use cbBTC or wBTC as collateral to borrow USDC or USDT.Users can open and manage loans directly within Ledger Wallet, track loan-to-value ratios, add collateral, repay loans, or increase borrowing. Key operations must be confirmed via hardware on a Ledger signing device before execution.The feature is powered by decentralized credit network Morpho, with Yield.xyz as the technology service provider. Ledger also announced that its signing devices can connect directly to Morpho without the need for browser extensions or software wallet connection protocols.Crypto Loan has begun rolling out to eligible users, with broader coverage to follow. If the price of collateral assets drops significantly, the related collateral may be subject to forced liquidation. (Decrypt)

Odaily reports: 26-year-old crypto figure Adam Iza has been sentenced to 78 months in prison and ordered to pay $23.4028 million in restitution for hiring off-duty Los Angeles County Sheriff's Department deputies to harass disputing rivals, defrauding Meta of more than $37 million, and concealing the proceeds through cryptocurrency custodians.Adam Iza had previously been sentenced to 15 years in prison for attempted Bitcoin robbery. This 78-month sentence will run concurrently with that judgment, meaning his actual time served will not increase. Five former Los Angeles County Sheriff's Department deputies were convicted for their involvement in related activities.Between December 2020 and 2022, Adam Iza obtained Meta business management accounts and associated credit lines and resold them to advertising companies, causing Meta clients to be charged for ads they had not purchased. He obtained at least $36.3608 million in revenue through company accounts, causing $13.2862 million in losses to the IRS, while also concealing ownership of Zort and transferring company revenue to cryptocurrency custodians. (Decrypt)

Odaily News: The Independent Community Bankers of America (ICBA) filed a lawsuit on Friday against the Office of the Comptroller of the Currency (OCC) in the U.S. District Court for the District of Columbia, challenging its authority to grant national trust bank charters to crypto firms and asking the court to vacate the final rule dated March 2, 2026, and Interpretive Letter No. 1176.ICBA President and CEO Rebeca Romero Rainey said the charters give crypto firms the credibility of a federal bank charter without requiring compliance with federal deposit insurance, capital and liquidity standards, and the Community Reinvestment Act. The ICBA also seeks to revoke Protego Holdings' conditional charter, citing deficiencies in its governance and risk controls.The lawsuit involves digital asset firms that have applied for or obtained OCC charters, including Circle, Ripple, Paxos, Fidelity, BitGo, Kraken parent company Payward, Block, and World Liberty Financial. Senator Elizabeth Warren separately accused the approvals of being unlawful, drawing pushback from the industry; the OCC plans to complete stablecoin rules under the GENIUS Act by November. (Decrypt)