exit

LlamaRisk proposed a gradual exit from the Aave V3 Core portion of collateral, involving approximately 1.33 billion dollars in assets and its supported 1.03 billion dollars in debt.

According to the official account of the Linyi City Media Center, the Linyi authorities have issued a risk warning, exposing two major illegal financial scams: "Global Securities Exchange" and "Savings Project" APP.Among them, the "Global Securities Exchange" project promotes high returns, enticing the public to invest in and purchase virtual currencies. Participants are advised to withdraw as soon as possible to prevent losses. The notice issued by the People's Bank of China and other departments regarding further prevention and handling of risks related to virtual currencies clearly states that virtual currencies do not have the same legal status as legal tender.

Former Moore Capital Management portfolio manager Paul Yablon is returning all external funds from the digital asset hedge fund Room40 Capital, opting to manage his own capital and that of an institutional partner, while expanding the investment strategy from cryptocurrencies and digital assets to macro trading.Paul Yablon admitted that the $6.3 billion hacking incident at Binance highlights the ongoing security challenges faced by the cryptocurrency industry, while clarifying that Room40 Capital does not hold any assets from Binance. The main reason for this exit is the asymmetric risk-reward ratio and the fact that favorable cryptocurrency investment opportunities have become very scarce. According to informed sources, Paul Yablon will return to Moore Capital as a macro portfolio manager.

AI search company Perplexity officially launched Teammates, allowing AI Agents to be responsible for specific tasks long-term like employees. CEO Aravind Srinivas revealed that approximately 10,000 AI Teammates have been created internally in the last 30 days, which is 20 times the total number of human employees.Teammates are built on Perplexity Computer. After users assign roles, goals, and permissions to the AI, it can continuously track work progress, proactively identify issues, and call upon tools to address them. Multiple Teammates can also divide tasks among themselves and contact human colleagues via Slack. For example, a sales Agent can discover that a customer has not placed an order for a long time, automatically investigate the reasons, and prepare a follow-up plan; a development Agent can hand off the task of writing a fix code to another Agent after discovering a website bug. Each Agent has an independent working environment, retaining project memory and task history, allowing users to check progress, adjust direction, or take over operations at any time.Business Insider exposed Perplexity's internal Teammate tool in July this year, which was primarily used for software engineering tasks such as bug tracking and system monitoring. The product has now expanded to marketing, sales, customer service, and operations, adding long-term task management and cross-Agent collaboration. Teammates are currently available in research preview form to Max subscription users at $200 per month, initially supporting the web version, with native mobile and desktop versions to be launched later.

According to CBS News, preliminary exit polls for the 2026 U.S. midterm elections show that Trump's approval rating is at 38%, potentially setting a record low for a president in midterm elections. This figure is lower than during his first term and lower than the level of George W. Bush in 2006 when the Republicans simultaneously lost both houses of Congress. About 60% of voters indicated that Trump was a factor in their decision to vote for House representatives. This is primarily driven by Democratic voters, most of whom are voting out of opposition to Trump. Among Republican voters, only a majority of the MAGA camp indicated they were voting to support Trump, while non-MAGA Republicans mostly believe he is not a factor.In terms of the Senate elections, CBS News has predicted that Democrat Roy Cooper will win the North Carolina seat, marking the first time since Kay Hagan in 2008 that the state has elected a Democratic senator. Cooper performed better among independent voters and white women compared to Harris in 2024, with most voters believing his opponent, Republican Michael Whitley, is too supportive of Trump. Democrat Jon Ossoff was predicted to win within 40 minutes after voting ended in Georgia, defeating Republican Congressman Mike Collins. Ossoff performed strongly among Black voters, with a vote share roughly comparable to his 2021 runoff, and made breakthroughs among white voters as well. The competition between South Carolina Republican Senator Lindsey Graham and Democrat Annie Andrews is still considered too close to call.

The French National Assembly has once again postponed the vote on the revenue portion of the 2027 national budget, marking the second delay of this vote. According to the notice of the end of the parliamentary session, Tuesday's agenda includes questioning the government and continuing the debate on the revenue portion of the budget, with 758 amendments still pending review. The vote originally scheduled for October 20 was postponed due to over 2,000 amendments awaiting debate. The Assembly must complete the first reading by midnight on November 17; if the revenue portion is rejected, the government's original budget proposal will be submitted directly to the Senate without the amendments approved by the members.Regarding cryptocurrency taxation, lawmakers rejected two proposals last Friday. The first proposal aimed to include cryptocurrency assets in France's current exit tax system, with a voting result of 27 votes in favor, 55 votes against, and 1 abstention. The second proposal sought to tax unrealized gains on household cryptocurrency assets valued over 800,000 euros (approximately 897,000 USD), applicable to taxpayers who have been French tax residents for at least 6 of the past 10 years, with a voting result of 31 votes in favor and 60 votes against.Other cryptocurrency-related proposals are still pending debate, including a requirement for taxpayers to report self-custodied cryptocurrency assets with a total value of at least 100,000 euros (approximately 112,000 USD) to the tax authorities based on year-end value; and an exemption from related capital gains tax if the total amount of cryptocurrency payments used for goods and services during the tax year does not exceed 1,000 euros (approximately 1,120 USD). The Assembly passed a proposal on October 16 to tax gains when cryptocurrency assets are exchanged for fiat currency-backed stablecoins, but this measure has not yet become law.

Israeli startup 42AI is developing a behavioral world model, claiming it can predict decision probabilities in different scenarios, and it has been applied to the financial brokerage business.

According to the South Korean tech media TheElec, Samsung Electronics plans to completely exit the 8-inch wafer foundry business by 2030, shifting its strategic focus to 12-inch advanced processes. Samsung will gradually reduce its 8-inch production lines, with the S7 factory located in the Giheung Industrial Complex scheduled to close first in the second half of 2026, with a monthly production capacity of about 50,000 wafers.After the closure of S7, Samsung's total monthly production capacity for 8-inch wafers will drop from 250,000 wafers to below 200,000 wafers, with the capacity utilization rates of the remaining S6 and S8 factories having already fallen to about 70% at that time. Samsung's foundry business head Han Jeong-wan previously stated that the 8-inch foundry market has become increasingly crowded and price-driven, and the company plans to gradually reduce this business.

According to Italian crypto media Criptovaluta.it, Italy is discussing the inclusion of an Exit Tax in the new annual budget bill, imposing a tax of up to 33% on unrealized capital gains for holders of crypto assets who move abroad. This tax obligation may arise even if the relevant Bitcoin or other crypto assets have not yet been sold.According to the disclosed draft, this regulation applies to individuals who have been tax residents in Italy for at least 6 out of the past 10 tax years, and whose total asset value reaches 800,000 euros. Taxable income is calculated based on the positive difference between the market value of the assets at the end of the tax year before the tax residency status terminates and the purchase cost.This Exit Tax is not only aimed at cryptocurrencies but also involves other categories of assets, with government bonds proposed to enjoy tax benefits. Currently, the relevant provisions are still in the draft discussion stage and have not yet received formal approval.

The Bitcoin ecosystem blockchain Core officially announced that the project is entering the next stage of decentralization. Since the DAO began transferring block production responsibilities to independent validators, the network has maintained zero downtime during the transition period. The official statement indicates that decentralization has been the direction of Core since the genesis block, and various affairs of the DAO are gradually being handed over to independent community operators.As part of this transition, early contributors Rich Rines and Brendon Sedo will step down from their DAO positions. The community will take on greater management responsibilities in areas such as ecological construction, growth plans, and directional decision-making. The official also stated that in the coming months, there will be more independent operators, community-led projects, and Coretoshi involved in shaping the future development of Core.

Glassnode stated that recent investors buying BTC have exited the strong sell-off zone. Almost all short-term holders are in profit, and this proportion has now fallen to about 70%.For investors expecting the upward trend of BTC to continue, the current entry conditions have clearly improved compared to a month ago. The decrease in the profit ratio of short-term holders indicates that the pressure from profit-taking in the market has eased, but this does not mean that BTC will necessarily rise in the future.

According to the regional service restriction notice released by MEXC on October 21, the exchange is gradually exiting the Dutch market, requiring local users to transfer their assets by October 31, and plans to complete the exit by November 16.MEXC confirmed that it has not yet obtained EU MiCA authorization. Previously, due to providing cryptocurrency asset services in the Netherlands without permission, the exchange was listed on the European Securities and Markets Authority (ESMA) temporary list of non-compliant entities.Earlier, on October 20, MEXC announced the cessation of services to users in Russia and Belarus. Its user agreement also lists 13 countries and regions, including the United States, Canada, the United Kingdom, Singapore, Hong Kong, and mainland China, as prohibited service areas.

Trader Bonk Guy posted a review stating that on October 10, 2025, due to systemic failures at several large centralized trading platforms, he experienced the largest single-day loss of his career, amounting to eight figures in dollars within minutes. In the following weeks to months, he lost millions of dollars due to overtrading.Bonk Guy indicated that a better choice at that time would have been to pause trading for several months or at least half a year and stay away from trading terminals. The eagerness to recover losses and prove trading ability drove him to keep entering the market. He believes that trading ability, experience, and systems are not sufficient to ensure consistent outperformance of the market; results also depend on market conditions, timing, and luck. Advantageous strategies vary in different environments, and sometimes the best trade is to not trade.He cited a cyclical framework stating that the average crypto bull market lasts about 1,060 days, accounting for approximately 74% of the cycle, while bear markets last about 380 days, accounting for about 26%; if the bull market is defined as when Bitcoin's price is above the 200-day moving average and the upward momentum is strong, the opportunity window may shorten to about 237 days, accounting for about 16% of the cycle. These numbers depend on the definition of the phases. He also mentioned that compared to forcing trades in unfavorable conditions, it is more important to protect capital, maintain judgment, and wait for the next significant opportunity. When lacking an advantage, one can temporarily stay out of the market or participate only with a small portion of funds that can withstand losses.

The lending protocol Lido Lend proposed by contributors will launch a withdrawal mechanism called Fallback Exits. When the market lacks sufficient liquidity of loan assets, lenders can utilize the collateral of borrowers to supplement withdrawal requests, and the corresponding debt of the relevant borrowers will be reduced. The protocol was launched on October 7 as a modified fork of Morpho Blue, built around isolated markets.According to the proposal, the collateral of borrowers will be passively utilized in order of the highest position risk, meaning positions closest to the liquidation loan-to-value ratio (LLTV) will be prioritized, while borrowers with very healthy positions are less likely to be affected. Taking the ETH/wstETH market as an example, lenders provide ETH, and borrowers stake wstETH to borrow ETH; if exiting through collateral, lenders will first be exposed to the staked tokens before receiving ETH. The proposal does not specify the qualification thresholds for healthy loans or the path for lenders to obtain ETH.Contributor Izzy stated in a post on October 16 that technical specifications and market parameters will be announced in the next two weeks, and the governance process and public audit must be completed before the mainnet launch. Details such as settlement valuation, debt offset formulas, fees, and limits have yet to be determined.

According to a report by the Financial Associated Press, Microsoft has withdrawn from a large artificial intelligence data center project developed by the UK data center company Nscale in Essex, with reports indicating that the withdrawal is related to concerns over power supply. Officials from the UK National Grid had informed Nscale that the power supply for the data center is not expected to be in place until the 2030s. Nscale is exploring whether it can generate power on-site and whether it can expedite the grid connection process.The project was previously referred to by the UK government as the largest data center in the UK, originally scheduled to open next year. As of the report, the site still appears to be just a scaffolding yard. Microsoft had originally planned to fund the construction of a supercomputer, but the collaboration has now been terminated. Following the termination of the related computing power transaction, Nscale lost its only publicly announced client for the data center in Essex. Nscale stated that its relationship with Microsoft remains strong and long-lasting, and the two parties will continue to collaborate on other overseas projects, with Microsoft still participating in another project in Norway.The Starmer government highlighted this project when announcing the UK's 2025 artificial intelligence strategy, calling it the largest autonomous artificial intelligence data center in the UK. Nscale has received support from several tech companies, including Nvidia, and plans to go public in the US this year, with a valuation potentially reaching $35 billion.

Bitcoin News posted on the X platform that France is considering imposing a 31.4% capital gains tax on certain Bitcoin-to-stablecoin transactions, levying an exit tax on crypto assets valued over 800,000 euros, and requiring the declaration of self-custodied wallet assets valued at no less than 100,000 euros.Related proposals also include allowing the carryover of crypto asset losses for 10 years, but none of these have yet become law; the French National Assembly has rejected the revenue portion of the 2027 budget, and the related measures still need to be resubmitted for review.

Mona El Isa, co-founder of Enzyme, announced that after ten years in the industry, she has decided to exit the sector and close the on-chain asset management company Avantgarde. She stated that Avantgarde was established during the bear market in 2019, served as the core development team for Enzyme, and helped Enzyme achieve self-sustainability after several version iterations. Enzyme has now grown to become one of the fastest-growing fund tokenization platforms.Mona El Isa also mentioned that Avantgarde subsequently provided curation and fund management services for Compound, Gitcoin, SuperRare, NEAR, Decentraland, The Graph, and others, handling transactions worth hundreds of millions and TVL, while ensuring the safety of client assets during a year of severe DeFi security challenges. She plans to take a break before deciding on her next steps and welcomes staying in touch, and she can provide recruitment referrals for team members.

According to Euronews, the Finance Committee of the French National Assembly voted last week to pass several amendments to cryptocurrency taxation. According to the proposal, residents holding over 800,000 euros in cryptocurrency assets who move abroad will be subject to an exit tax starting in 2027, covering foreign platform tokens and self-custody wallets, with the tax rate yet to be specified; those migrating within the European Union can apply for a tax deferral, and assets held for 2 to 5 years may be exempt from tax.Additionally, self-custody wallets valued at over 100,000 euros at the end of the year must be declared, or they will face a fine of up to 10,000 euros; the exchange of cryptocurrency assets for stablecoins will also fall under the current unified tax rate of 31.4%.It is worth noting that the committee rejected the budget revenue portion with a vote of 31 to 3, so the aforementioned amendments must be resubmitted this Tuesday and will be voted on again on October 20, with a full case vote scheduled for November 17 before being handed over to the Senate for review.