[Solana Co-Founder Toly Elaborates on the Vision for the Upcoming SKR Token by Solana Mobile] Solana co-founder Toly elaborated on the vision for the upcoming SKR token by Solana Mobile, noting that while the tech stack is 'far from ready,' it could theoretically enable holders to achieve vertical control over phones, user experience, and revenue generation. SKR, along with SMS functionality, leverages cryptography and Trusted Execution Environments (TEEs) to enable value capture for token holders. Solana Mobile will launch the SKR token in January 2026, with 30% allocated for airdrops.

The two main candidates nominated by US President Trump to lead the Federal Reserve have both publicly expressed their support for Bitcoin. （The Bitcoin Historian）

[Indian MP Raghav Chadha Proposes Dedicated Tokenization Bill to Empower Real-World Assets] Indian Aam Aadmi Party MP Raghav Chadha has proposed a 'Tokenization Bill' in the Rajya Sabha, aiming to establish a legal framework to leverage blockchain technology for empowering real-world assets (RWAs). Chadha emphasized that the core of the proposal is to achieve financial democratization through fractional ownership of assets and called for the creation of a regulatory sandbox for companies to experiment with tokenization products. The bill seeks to clearly define the legal status of tokenized assets to prevent risks such as sovereign data loss and unregulated trading of assets on foreign networks due to the lack of domestic regulations.

[Largest ZEC Short Position on Hyperliquid Reduces ZEC Shorts and Adds MON Shorts] The largest ZEC short position on Hyperliquid reduced its ZEC short position to $9.1 million yesterday after turning profitable, with an average price of $389. Subsequently, the funds were used to increase MON short positions, with the current MON position size at approximately $9.2 million, an average price of $0.0308, and unrealized profits of $4.62 million. This address opened its ZEC short position on October 10, and on October 17, unrealized losses had reached $21 million. Currently, it is still closing ZEC and STRK short positions, with the account's main profits coming from ETH shorts, which have a position size of approximately $92.95 million, an average price of $3,377, and unrealized profits of $13.86 million. This address is the largest short position holder for ETH, ZEC, and MON on Hyperliquid, with total positions amounting to approximately $113 million.

[The Japanese Government Plans to Postpone the Implementation of Separate Taxation for Crypto Assets to January 2028] The Japanese government plans to postpone the implementation of the separate taxation policy for crypto asset declarations to January 1, 2028. Although the market had anticipated that the new tax system might be implemented within 2027 following the passage of the Financial Instruments and Exchange Act amendment, the government prefers to proceed with the reform after confirming market conditions under the new legislation. Currently, profits from crypto asset trading in Japan are classified as miscellaneous income, with a maximum tax rate of 55%. The industry has called for a change to a 20% separate taxation rate. The government stated that the delay is due to the need to further improve investor protection measures.