On October 10, Luxshare Precision announced that the company and its holding subsidiary, Dongguan Luxshare Technology Co., Ltd., have been listed as respondents in a 337 investigation by the U.S. International Trade Commission (ITC), involving U.S. Patent US 10,903,700. The ITC officially launched the investigation on October 9, 2026, with investigation number 337-TA-1526. The case is currently in the initial filing stage, and no substantial determination has been made regarding the relevant infringement claims. The products involved are in the customer verification stage and have not yet entered mass production.
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Luxshare Precision: Company and Luxshare Technology Involved in 337 Investigation, Currently in Initial Filing Stage
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Houthi Forces Claim Saudi Airstrikes on Sana'a Airport in Yemen
On October 10, according to information released by the Houthi forces in Yemen, on the afternoon of the same day local time, the Saudi-led coalition conducted airstrikes on Sana'a International Airport, which is under the control of the Houthi forces, dropping four bombs. Additionally, the Saudi coalition also targeted a communication facility in Hajjah Province, controlled by the Houthi forces, dropping three bombs. There has been no response from the Saudi side regarding these incidents. (Jinshi) -
French Finance Committee Approves Amendments on Stablecoin Exchange Tax and Crypto Exit Tax
On October 10, Decrypt reported that the Finance Committee of the French National Assembly approved two amendments related to cryptocurrency taxation this week: starting January 1, 2027, exchanges of stablecoins regulated under MiCA will be considered taxable sales; and an exit tax will be imposed on taxpayers who have been French tax residents for at least six of the past ten years and have moved abroad with crypto assets totaling over 800,000 euros. On October 9, the committee voted 31 to 3 to reject the budget revenue portion, and the full National Assembly will review based on the government's original text. The amendments will not be automatically included; supporters must reintroduce them during the debate starting on October 13, with a formal vote scheduled for October 20. The related measures have not yet become law. The stablecoin amendment was proposed by Nicolas Sansu, a member of the left-wing GDR party group, along with 16 co-signers, and does not set a new tax rate but aims to include the revenue under France's existing 31.4% flat tax system. The committee also passed an amendment allowing crypto asset losses to be carried forward for ten years to offset future gains. -
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On October 10, Lee Ik-yeon, chairman of the Financial Services Commission of South Korea, stated that the provisions regarding shareholding restrictions for major shareholders of virtual asset exchanges in the ongoing 'Basic Law on Digital Assets' are not aimed at specific individuals or companies. Instead, they are designed to ensure that exchanges, once institutionalized, bear a higher level of public responsibility. Currently, South Korean virtual asset exchanges operate under a system that requires updates every three years, but this will transition to a licensing system after the implementation of the 'Basic Law on Digital Assets.' Lee emphasized that exchanges have infrastructure attributes and must possess public accountability and responsibility commensurate with their status. -
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Changxin Technology's New Breakthrough: 4F² Architecture Products Expected by Year-End
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Hyperliquid Whale Holds $32.36 Million Bitcoin Short Position on 10/10 Crash Anniversary
On October 10, Bitcoin.com reported that a Hyperliquid whale holds a short position of 391.48 BTC, valued at $32.36 million, on the anniversary of the '10/10 Crash.' The average entry price is $82,863.10, utilizing 13x leverage, with an account equity of $7.19 million and a liquidation price of $99,801.20, approximately 20% higher than the current price. Data shows that this address has conducted a total of 4,726 transactions, with perpetual contracts yielding a profit of $952,000 in the past week and a maximum drawdown of 11.03%. As of the time of writing, the short position has an unrealized profit of about $75,500. On October 10, 2025, the crypto market experienced the largest liquidation event in history, clearing over $19.1 billion in leveraged positions. Bitcoin is currently priced at approximately $82,754, down about 34% from its historical peak of $126,080. According to Coinglass, if BTC rises to $85,000, around $3.3 billion in short positions will be at risk. Hyperliquid has approximately 38,040 BTC in open contracts, with this whale accounting for about 1%.
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