SoftBank Invests in Binance Japan, Gemini Expands to Australia, and Bitcoin Ranges Near $121K

**SoftBank’s PayPay Makes a Major Move:** SoftBank’s payments arm, PayPay Corp., acquired 40% of Binance Japan. This strategic investment signifies a significant push towards integrating crypto payments into the Japanese financial landscape. Users will now be able to buy and withdraw crypto using PayPay Money, Softbank’s existing payment network. This move bridges fiat currency with cryptocurrency in a key market. Binance’s Expansion Continues:** Meanwhile, Gemini has officially launched its Australian arm, named Gemini Intergalactic Australia, after registering with AUSTRAC as a digital currency provider. This localized presence brings regulatory legitimacy and allows for easier access to institutional and retail investors in the growing Australian crypto market. **Bitcoin Market Stalemate:** Bitcoin currently trades near $121,900, showing minimal directional momentum. The market is cautious, awaiting macro updates and flow cues before making significant moves. The lack of clear direction makes it crucial to watch support levels and market flows for insights into potential future trends. **BNB’s Outperformance:** Binance Coin (BNB) has been a standout performer this year, gaining an impressive 129% over the past year, with a recent 29% jump in October alone. This success is linked to the growth of the Binance ecosystem, increased on-chain activity, and growing institutional interest. However, its rapid gains may attract regulatory scrutiny or speculation.

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