ARAX Holdings' acquisition of The Nemesis signifies a strategic leap into the evolving metaverse landscape. The collaboration is poised to redefine digital interactions, offering potential economic benefits and expanding ARAX's influence within the digital asset management domain.

Circle and SBI unite forces to drive USDC's digital currency revolution in Japan, navigating regulatory landscapes for widespread adoption and marking a milestone in the global financial shift.

Circle and SBI Holdings have partnered to expand USD Coin (USDC) in Japan, capitalizing on regulatory changes. The collaboration aims to set new standards in the financial sector, with SBI seeking approval for electronic payment services. Despite Circle's U.S. base, Asia leads in USDC adoption. The move aligns with Japan's push towards a Web3 economy. SBI Shinsei Bank will support USDC access, contributing to its $24.6 billion market cap, positioning it as the second-largest stablecoin.

The move follows the Japanese government's recent revision of the Payment Services Act on June 3, 2023, which aims to regulate stablecoins.

South Korea enforces a mandatory disclosure of cryptocurrency holdings for politicians, promoting transparency in the financial portfolios of public figures.

SC Ventures and SBI Holdings form a $100 million crypto investment initiative, signalling their active involvement in decentralised finance, tokenisation, and the metaverse.

Already, significant contributors to this fund include Sumitomo Mitsui Banking Corporation, Mizuho Bank, Nippon Life Insurance, and the Daiwa Securities Group, committing a total investment exceeding 50 billion yen.

Binance has released its twelfth Proof of Reserve report, giving a snapshot of its holdings as of November 1, 2023.

This decision marks a continuation of the status quo established after the company's significant sell-off of Bitcoin in Q2 2022, when it liquidated approximately 75% of its holdings for $936 million.

Over the past few months, Huang has deployed a total of 1,761 $ETH (equivalent to $2.89 million) and 52,000 $USDC to acquire 2.24 million $APE tokens valued at $2.94 million.