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SoftBank’s PayPay Acquires 40% Stake in Binance Japan

SoftBank’s PayPay has acquired a 40% stake in Binance Japan, forming a capital and business agreement aimed at integrating cryptocurrency services with its mobile payment platform. Following the acquisition, Binance Japan will operate as an affiliate of PayPay, facilitating the buying and selling of crypto assets using PayPay Money. PayPay, launched in 2018 and boasting a user base of 70 million, aims to enhance its digital financial services through this partnership. The merger is expected to leverage synergies between PayPay's extensive user base and Binance’s technology, promoting wider access to Web3 services in Japan. Additionally, PayPay has been pursuing global expansion, including a recent application for a listing of American depositary shares on a US stock exchange. Despite this growth, BNB, Binance’s native token, has also seen significant gains, reflecting a positive market sentiment for crypto assets.

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BTC Erases Wednesday's Spike, JPM Warns of Stock Crash

Bitcoin and the broader crypto market fell back into the red after a brief rebound on Wednesday, with Bitcoin trading at approximately $121,875.74, reflecting a 0.84% decline. This drop followed the release of Fed minutes that suggested a bias toward more rate cuts. Market analysts attribute the

Crypto Investors Shift From Market Cap to Stock-Picking Strategy, Says Bitwise CEO

Hunter Horsley, CEO of Bitwise Investments, revealed that institutional investors are moving away from focusing solely on market capitalization when investing in cryptocurrencies. Instead, they are adopting more sophisticated strategies akin to stock-picking, analyzing individual projects based on their unique fundamentals and value propositions. This shift reflects a maturation in

Dorsey and Lummis Advocate for Bitcoin Tax Relief

Block founder Jack Dorsey has called for a federal tax exemption on everyday Bitcoin transactions, urging the revival of a legislative effort that previously failed due to time constraints in Congress. Senator Cynthia Lummis responded positively, encouraging individuals to contact their representatives about the proposed exemption. The initiative aims to

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