The Philippine SEC is set to introduce guidelines for regulating crypto trading by mid-2024, following the ban of Binance for operating without a license. A draft framework for crypto asset service providers has been shared, inviting stakeholder feedback until January 18, 2025. In a related incident, KickStreaming's X account was hacked, promoting fake Solana tokens, prompting co-founder Bijan Tehrani to warn users against scams, emphasizing that the platform has no plans for a crypto token.