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The Financial Supervisory Commission (FSC) of Taiwan is set to initiate a pilot program for cryptocurrency custody, as reported on October 8.

On October 9, 2024, the meme cryptocurrency market is experiencing significant downturns, with nearly all coins in the top 100 losing value. Notably, Popcat (POPCAT) and Dogwifhat (WIF) have emerged as some of the worst performers today, reflecting a broader trend of market disinterest.

Ripple has recently invigorated the XRP community by executing a substantial burn of its RLUSD stablecoins, marking the first significant token burn since the minting of 42 million new stablecoins earlier this month.

Shiba Inu (SHIB) is currently facing significant volatility, with whale activity raising alarms among investors. Recent data shows that Shiba Inu whales have doubled their trading volume in just 24 hours, a shift that could have profound implications for SHIB's price stability.

Poodlana (POODL), a meme-inspired cryptocurrency launched on the Solana blockchain, has garnered attention for its unique positioning within the crowded crypto market.

While the broader cryptocurrency market has faced challenges in maintaining bullish momentum, Binance Smart Chain’s (BSC) native coin, BNB, continues to thrive.