Creating Jobs in Philadelphia: Governor Shapiro Secures $3.8 Million Investment from Bonduelle Americas to Open its New U.S. Growth Hub in Pennsylvania, Creating Over 100 Jobs - PA Department of Community & Economic Development (.gov)

Earnings season shifts into higher gear, with fresh clues about consumer spending and the health of corporate America beyond the tech sector.

Affected employees expected to begin receiving notices in November

SummaryFrench lawmakers approved taxing crypto-to-stablecoin swaps at the 31.4% capital gains rate. Amendment I-3898 removes tax deferral for MiCA-compliant stablecoins starting January 2027. Critics warn the levy may push traders toward DeFi platforms and offshore exchanges. French lawmakers narrowly approved a proposal to tax gains when investors swap cryptocurrency for stablecoins, bringing the transactions a step closer to falling under the country’s 31.4% capital gains levy. The National Assembly adopted amendment I-3898 to the 2027 budget on Oct. 16 by 38 votes to 37, with 25 abstentions. The vote advances a proposal previously approved by its finance committee. The proposed changes would apply to transactions from Jan. 1, 2027. They remain subject to the budget’s remaining parliamentary stages and could still be amended or removed before becoming law. Exchanges between crypto without an additional cash payment generally benefit from tax deferral under current French tax rules. Taxable gains on private investments face a default rate of 31.4%, although investors can opt for the progressive income-tax scale.

Former FTX COO Constance Wang said she was upset by the upcoming Netflix drama’s depiction of the collapse of the exchange and its portrayal of some of the top executives. “The first 30 seconds were enough to upset me,” so “I stopped watching,” Wang told Cointelegraph during an episode of the Chain Reaction X spaces show published on Monday. Wang said the Netflix trailer’s depiction of some former FTX executives made her “feel physically upset,” adding that the portrayal of Alameda Research CEO Caroline Ellison didn’t match her personal experience. She explained that former FTX co-founder and CEO, Sam Bankman-Fried, was also more “socially awkward” than his Netflix portrayal. Wang served as COO of FTX, which grew into one of the world’s largest cryptocurrency exchanges before collapsing in November 2022 due to customer fund misappropriation, causing an $8.9 billion shortfall in customer funds. FTX’s sister company, quantitative trading firm Alameda Research, used FTX customer funds that Bankman-Fried transferred without consent to fund Alameda’s trading losses, now referred to as the Alameda gap.

Updated Oct 20, 2026, 7:19 a.m. EDTPublished Oct 20, 2026, 7:14 a.m. EDT3 min readEquities movements could provide direction for crypto. (CoinDesk Archives)SummaryThis is an excerpt from CoinDesk newsletter 'Daybook.' Sign up here, if you haven't already. Bitcoin BTC$81,406.54 dropped about 1.1% over the last 24 hours, ether ETH$2,382.21 fell 1.7% and the broader CoinDesk 20 (CD20) Index lost roughly 1.6%, pulled lower by declines in Asian stocks and the rising price of oil. Further weakness in equities could damp demand, analysts at QCP Capital wrote in a note published Monday. That may be on the cards. Both Nasdaq 100 futures and S&P 500 futures are lower, with companies including Coinbase Global COIN and Galaxy Digital GLXY falling in pre-market trading. “Broader equity deleveraging dynamics could transmit to cryptocurrency markets and potentially threaten the $80,000 support level if sustained,” the analsysts wrote. For the time being, the bitcoin price remains above that level after demand for the largest cryptocurrency picked up on Monday, as illustrated by the spot U. S. bitcoin ETFs.

Kazakhstan’s Astana International Financial Centre court (AIFC) has prohibited six platforms from offering digital-asset services without licenses in its jurisdiction and extended access restrictions to app stores. The Astana Financial Services Authority (AFSA) said Tuesday the court issued injunctions after the regulator sued operators of crypto platforms for offering digital-asset services without authorization. The Sept. 15 order named BingX, Bitcoin.com, Huobi Global (HTX), BitMart, Coinbase, LBank and WEEX; an amendment three days later removed LBank after its operator blocked access in Kazakhstan. Google and Apple are also covered as app-store operators, with geographic restrictions on access to the remaining platforms, according to the announcement. AFSA said users of unlicensed platforms lack safeguards required of licensed firms, including asset protection, disclosure, complaints handling and dispute resolution. Kazakhstan’s National Bank oversees digital-asset service providers outside the AIFC. Cointelegraph’s requests for comment from BingX, Coinbase and Huobi Global were not immediately answered.