According to @MikeBacina, the Australian Securities and Investments Commission (ASIC) has filed a landmark application for a High Court appeal in the Block Earner case, as reported by LinkedIn on May 21, 2025. This move signals increased regulatory scrutiny on crypto yield products in Australia and could set important legal precedents affecting the operation and trading of crypto-related financial products. Traders should closely monitor this case, as a High Court decision may influence the legal framework for crypto platforms and potentially impact token listings, liquidity, and investor protection standards in the Australian market (source: LinkedIn via @MikeBacina).