WAO ART

Guilherme Nazar, VP for Latin America at Binance, will discuss crypto adoption and industry challenges at Rio Innovation Week 2024 on the BeInCrypto stage. Binance aims to enhance investments in asset custody, regulations, and Web3 solutions to attract more users in Latin America, particularly Brazil.

OSL's Gary Tiu highlights that Hong Kong's market structure, with many intermediaries, hampers the growth of crypto ETFs. The low commission for ETFs (1-2%) compared to structured products (up to 1-2% commission) discourages brokers from promoting ETFs.

Australians should start thinking about next year's tax return now if they want to maximise their refund. Workers struggling in the cost-of-living crisis are looking to the Australian Taxation Office for a little cash boost. Millions will be going through the process of lodging their 2024 tax return.

Morgan Stanley is set to offer extensive spot Bitcoin ETF investments to clients, targeting those with high-risk tolerance and at least $1.5M in assets. Financial expert John Reed Stark warns that this could lead to significant regulatory scrutiny from bodies like the SEC and FINRA, describing it as a "death wish."

Binance Labs has invested in Solayer, a Solana-based restaking network, to enhance the Solana ecosystem. Solayer aims to improve dApp security, network bandwidth, and transaction inclusion while addressing Solana's network congestion.

Nigeria's SEC shows a cautious willingness to regulate Bitcoin, aiming to balance innovation with investor protection. Bitcoin advocate James Otudor has filed a lawsuit against the Nigerian government, challenging restrictive crypto measures that he claims violate fundamental rights.

Toncoin, the native coin of The Open Network (TON), has shown remarkable recovery, outperforming major cryptocurrencies like Bitcoin, XRP, and Dogecoin. While Bitcoin is trading at $60,789.63 with a 0.32% increase, Toncoin has surged by 3.77% to $6.72 in the last 24 hours.