In recent crypto news, Binance has achieved a significant milestone by securing its 21st global regulatory authorization in Brazil, making it the first crypto exchange in the country to hold a broker-dealer license. This approval allows Binance to acquire the investment platform Sim;paul, enhancing its footprint in Latin America. Meanwhile, a trader struck luck with a memecoin linked to a meme featuring Elon Musk, turning a mere $66 investment into a profit of over $3 million within 18 days. The specific memecoin, Kekius Maximus (KEKIUS), surged dramatically in value after Musk's name change on X raised its visibility. Additionally, the Floki DAO has allocated part of its community funds to support a new Exchange-Traded Product (ETP) set to launch in Q1 2025, aimed at providing traditional investors in Europe with exposure to the Floki memecoin, which has been trending strongly among investors.

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