# BSCN Debrief: South Korea Delays Crypto Tax Again *South Korea's presidential office is leaning toward a fourth tax delay, Aviva tokenizes £22B on XRPL, and the CLARITY Act stall gives Asia an opening. Here's what mattered.* By [The BSCN Debrief](https://paragraph.com/@bscnalpha), 2026-10-26 crypto news, bitcoin, newsletter, regulation, altcoins --- [![](https://storage.googleapis.com/papyrus_images/31d6b9b5153f6846eba3679e581dc0d74034f5bbdaff70cd5f18c8194cf88273.png)](https://bscnhive.com/YS5WFAi) ⚡ **Swap across chains, no middlemen.** [THORChain](https://bscnhive.com/YS5WFAi) lets you swap natively between Bitcoin, Ethereum, Solana, XRP, BNB Chain, Avalanche and more, straight from your own wallet. No wrapped tokens, no bridges, no KYC. [Swap now](https://bscnhive.com/YS5WFAi). [![](https://storage.googleapis.com/papyrus_images/cff0a300a78a38569bed3bc946b80b641bfdc62f3ddb6012c22c9722bdb5a248.png)](https://bscnhive.com/bscninsider) 📲 **Want fast news direct to your inbox?** Join the BSCN Insider club on Telegram for breaking stories and market moves the moment they land. **JOIN NOW:** [bscnhive.com/bscninsider](https://bscnhive.com/bscninsider) Breaking News ------------- [**South Korea is pushing crypto taxes... Again!**](https://bsc.news/news/south-korea-crypto-tax-delay-2029) ![](https://storage.googleapis.com/papyrus_images/8fe7d9654ea1eea30e30e24c7bdf6d3a2fc19e561daa524500435981b6e04893.jpg) South Korea's presidential office is leaning toward postponing its planned 22% tax on crypto gains for a fourth time, according to local media reports. [**Aviva taps XRP Ledger for Largest Billion-dollar Fund**](https://bsc.news/news/aviva-investors-sterling-fund-xrp-ledger) ![](https://storage.googleapis.com/papyrus_images/34e513c05b15909cf4a9c4cdcd7882e936df866060da2b479000bc39f0af7dc0.jpg) Aviva Investors has launched a tokenized share class of its Sterling Liquidity Fund on the XRP Ledger, marking the asset manager's largest fund with roughly £22 billion in assets under management. [**TON Blockchain Crushes Bitcoin and Ethereum in daily transactions**](https://bsc.news/news/ton-blockchain-daily-transactions-bitcoin-ethereum) ![](https://storage.googleapis.com/papyrus_images/ded5e76b1d1204ee4565727973ed40e3dee120f442f89664530a0fc317ce5749.jpg) The Open Network (TON) is processing far more daily transactions than Bitcoin and Ethereum so far this month, according to data from MSBIntel. [**Dogecoin Foundation Ends Exclusive House Of Doge Deal**](https://bsc.news/news/dogecoin-foundation-house-of-doge-license-ends) ![](https://storage.googleapis.com/papyrus_images/9a08965d1d97dafa6bf6ad33a4925a702193fd9d19ece36525f4f7c53bbf73f3.jpg) The Dogecoin Foundation and House of Doge have ended their exclusive licensing deal, effective Oct. 19, according to an announcement from the foundation. What the Markets Think ---------------------- [**Will the CLARITY Act become law in 2026?**](https://polymarket.com/event/clarity-act-signed-into-law-in-2026?via=BSCNews) 5%. The crypto market structure bill has been priced as effectively dead since August, which helps explain why Asia and the Middle East are winning the race covered in today's Big Story. [**Will Bitcoin hit $85,000 in October?**](https://polymarket.com/event/what-price-will-bitcoin-hit-in-october?via=BSCNews) 84%. With five days left in the month and BTC trading around $81,000, traders are betting the rally holds through Halloween. [**Will Ethereum hit $2,500 in October?**](https://polymarket.com/event/what-price-will-ethereum-hit-in-october?via=BSCNews) 41%. ETH is hovering near $2,440, and the market is split on whether it can clear $2,500 before the month closes. The Big Story ------------- [**CLARITY Act Stall Gives Asia And Middle East a Chance to Win**](https://bsc.news/news/clarity-act-stall-asia-middle-east-crypto) ![](https://storage.googleapis.com/papyrus_images/3b8774cd601854991521214c644f7e084345dcb1aee6b2f363042436a8963720.jpg) The stalled CLARITY Act could give Asia and the Middle East an edge in attracting crypto businesses, according to Apex Group CEO Peter Hughes. In an interview with CoinDesk, Hughes said the US risks losing digital asset business to faster-moving jurisdictions if it keeps delaying legislation or fails to set out a clear regulatory framework. The Senate failed to advance the bill before its August recess, and Polymarket traders now price passage at just 5%. Meanwhile, South Korea is reportedly leaning toward a fourth delay of its 22% crypto tax, originally scheduled for January 2027, as officials discuss pushing the start date further out. Top Stories ----------- [**Algorand is become a dominant force in the stablecoin game.**](https://bsc.news/news/algorand-stablecoin-supply-99-million-growth) ![](https://storage.googleapis.com/papyrus_images/43337b11b2e270ec484401ec022c5cacf3709332233f3c4c3a8570da45e0bae3.png) Algorand is gaining ground in the stablecoin market while several larger networks lose supply. Its native stablecoin supply now stands at $99.5M, a rise of more than 10% over the past week, according to DefiLlama-based figures. Other major networks including Ethereum, Tron, and Solana saw declines in stablecoin holdings during the same period. [**Internet Computer flips Solana to become crypto's fastest chain**](https://bsc.news/news/internet-computer-overtakes-solana-fastest-chain) ![](https://storage.googleapis.com/papyrus_images/d78f8e4357c847d98dc31bed0d5f6f35ad8d75fec939e89b6a26e29ebbdc9a66.jpg) Internet Computer (ICP) was the fastest blockchain in crypto over the past week, overtaking Solana (SOL) on real-world throughput. ICP processed an average of 957 transactions per second, compared to Solana's 934 TPS, according to data compiled by blockchain analytics platforms. The milestone comes as ICP's OpenChat application launched cross-platform message relay between Discord and Telegram. [**Plume Vaults are EXPLODING.**](https://bsc.news/news/plume-vaults-tvl-monad-robinhood-chain) ![](https://storage.googleapis.com/papyrus_images/20bd2760a0a5e2368283284d6b47a2d6927acf6479db3620b768acc260ac970a.jpg) The total value locked (TVL) in Plume Network's Vaults products now stands at nearly $229 million, according to DefiLlama data. The figure reflects a sharp rise since late February 2026, as the real-world asset (RWA) protocol attracts capital ahead of planned integrations with Monad and Robinhood Chain. Deep Dive of the Week --------------------- [**How Do Midnight's NIGHT And DUST Tokens Work Together?**](https://bsc.news/post/midnight-night-dust-tokens) ![](https://storage.googleapis.com/papyrus_images/66986f7bd8b6928f92bfb010b21fb7794308e342008c0b8dfbc4688caf5d65c2.webp) On Midnight, you hold NIGHT and spend DUST. NIGHT is the transferable token used for staking and governance, and holding it generates DUST over time. This dual-token system separates value storage from transaction activity, creating a model where long-term holders earn the gas currency that powers the network's privacy-focused smart contracts. By the Numbers -------------- **$608M in fees:** Aero DeFi platform has generated more than $608M in cumulative protocol fees, days after the Aerodrome and Velodrome merger. **8.27B transactions:** Polygon has now processed a cumulative 8.27 billion transactions, placing it among the most active layer-2 networks. **$8.5M in a week:** PaperTrade, a new perpetuals exchange built on Hyperliquid, has generated $8.5 million in protocol fees over the past seven days. **3.4% of supply:** Spot Zcash ETFs took in more than $41 million in net inflows this week, reversing three consecutive weeks of redemptions. The funds now hold about 3.4% of ZEC's supply. **1 in 10 FIL tokens:** OKX is reported to hold roughly one in every ten Filecoin tokens in circulation, a level of concentration drawing attention across the market. **6.6% inflation:** The AERO token's annualized inflation rate has reportedly been cut roughly in half, to around 6.6%, following the merger between Aero and Velodrome. On Our Radar ------------ **Zcash Crosslink staking:** Josh Swihart, founder of Zcash Open Development Lab, has criticized the proposed Crosslink staking system, calling it a distraction from core protocol development. **Core chain defense:** IceCreamSwap, the decentralized exchange that launched alongside Core chain, has pushed back on claims that Core DAO is a failed project as the CORE token faces renewed selling pressure. **Kaspa stablecoin:** KaspaDollar has announced plans to build a decentralized stablecoin on the Kaspa network and is seeking 5 million KAS in funding from the community. **SEC scrutiny:** The US Securities and Exchange Commission has put tokenized securities on its list of areas for closer examination in fiscal year 2027, alongside artificial intelligence and quantum computing. _Until Wednesday._ --- *Originally published on [The BSCN Debrief](https://paragraph.com/@bscnalpha/bscn-debrief-south-korea-delays-crypto-tax-again)*