Crypto Updates for October 25, 2024 📰
1. Ripple Appeals SEC Ruling 🚨
Ripple has officially appealed the SEC's recent decision on XRP, arguing the Howey Test was misapplied in classifying XRP sales to institutions as securities. This could be a pivotal moment for Ripple and the broader crypto landscape.
2. Bitcoin ETF Demand Dominated by Retail Investors 📈
A recent Binance report shows that retail investors, not institutions, are fueling demand for spot Bitcoin ETFs, signaling a shift in Bitcoin’s adoption curve and highlighting strong interest from individual investors.
3. Security Concerns on Base Blockchain 🔒
Coinbase’s Base network suffered a £1 million loss due to a security exploit. This incident highlights the importance of strengthening security across DeFi networks to protect against vulnerabilities.
4. Chiliz’s Malta License Approval ✅
Chiliz’s fan engagement platform, Socios.com, has received an in-principle license in Malta, allowing it to expand its digital asset services and attract a larger user base.
5. South Korea Tightens Crypto Regulations 🕵️♂️
South Korea plans to increase oversight on international crypto transactions to combat foreign exchange crime, impacting how exchanges and users handle cross-border trades.
Stay tuned as these updates unfold. 📲 #CryptoNews #Binance #Ripple #Bitcoin #Chiliz #DeFi
