TSMC’s Q3 net profit projected to rise 65%, on track to hit a new high for six consecutive quarters.
Beating AI Express reports that TSMC’s third-quarter net profit is projected to reach NT$746.3 billion, equivalent to approximately US$23.4 billion, a year-on-year increase of 65%. This forecast is compiled by LSEG from 16 analysts. If realized, TSMC will extend its streak of setting new quarterly net profit records to six consecutive quarters. The official financial results will be released on October 15. TSMC’s third-quarter revenue has already hit a record high: according to the company’s monthly data, its combined revenue from July to September reached around NT$1.49 trillion, up 50.9% year-on-year, equivalent to approximately US$46.7 billion, exceeding the company’s earlier forecast upper limit of US$45.8 billion. Analysts note that demand for AI chip manufacturing and CoWoS advanced packaging remains robust.
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Coinbase's Bitcoin Premium Index has remained negative for 19 consecutive days.
According to Coinglass data, Coinbase’s Bitcoin Premium Index has remained negative for 19 consecutive days, standing at -0.12% as of press time and hitting a recent low, signaling sustained weakness in U.S. market purchasing power. The index measures the gap between Bitcoin prices on Coinbase and the global average market price. A negative premium typically reflects heavy selling pressure in the U.S. market, declining investor risk appetite, rising market risk aversion, or capital outflows.
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French lawmakers support imposing reporting requirements on crypto wallets with holdings exceeding 100,000 euros.
French lawmakers are backing a proposal that would require individuals holding self-custodied crypto assets valued at €100,000 (roughly $112,000) or more to report their holdings, with violators facing penalties. The amendment, designated I-CF821, was passed by the Finance Committee of the French National Assembly last Friday. It seeks to introduce reporting requirements for crypto assets not held through crypto asset service providers (CASPs), including those stored in personal wallets. The amendment would add relevant provisions to France’s General Tax Code. Under the proposal, holders must declare the value of their qualifying assets as of December 31 each year; those who fail to report face a maximum fine of €10,000. Proponents of the measure state it is designed to combat tax evasion. They cited a parliamentary inquiry into tax issues involving high-net-worth individuals, noting that France’s crypto asset capital gains hit €3.5 billion in 2021, while only €400 million in crypto holdings were reported to tax authorities that year.
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Polygon Foundation CEO: 22 million POL tokens are included in the next phase of the burn plan.
Polygon Foundation CEO Sandeep Nailwal announced in a post that the Polygon protocol burned 100 million POL tokens two weeks ago, accounting for roughly 1% of the total token supply, with funds for the burn sourced from network-generated transaction fees. Currently, an additional 22 million POL tokens (about 0.2% of total supply) are set to enter the next phase of token burns. Furthermore, Polygon has not yet fully disclosed the impact of OMS on POL, with related details to be released in the near future. Last week, the annualized trading volume processed by OMS exceeded $1 billion for the second consecutive week.
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The total market capitalization of tokenized stocks has hit a new all-time high, reaching $3.9 billion.
According to data from Token Terminal, the total market capitalization of tokenized stocks has hit a record high of $3.9 billion. Among this, the three major blockchains — BNB Chain, Ethereum Mainnet, and Solana — collectively hold around 70% of the market share.
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