Binance, the world's largest cryptocurrency exchange, has appointed Richard Teng to head its regional markets outside of the United States. Teng, who is already heading regions like Asia, Europe, and the Middle East, will begin his new role on Monday. The appointment comes at a time when Binance has been facing scrutiny from U.S. regulators over compliance issues and has withdrawn from Canada due to tight regulations for crypto asset trading platforms. Before joining Binance, Teng held positions in various financial institutions such as Singapore Exchange Ltd, Monetary Authority of Singapore, and Abu Dhabi Global Market.

Whale Alert, a popular Twitter account that tracks large cryptocurrency transactions, has reported the transfer of 23,080 ETH, worth approximately $44 million, from an unknown wallet to the Binance exchange. The transaction was recorded on the Ethereum blockchain and can be viewed on Whale Alert's website.

Crypto investigators are drawing parallels between the actions of the US Treasury Department and Binance, following suspicions that Binance propped up liquidity in the cryptocurrency market in Q1 2023. The CEO of Binance converted $1 billion worth of Binance USD to Bitcoin, Ethereum, and Binance coin, which artificially injected buying pressure into the market. Now, investigators are observing the US Treasury General Account (TGA), which has been rapidly falling due to the Treasury's need to keep the government running. Without congressional action to raise or suspend the $31.4 trillion debt ceiling, the US government could default as early as June 1, which would pressurize Bitcoin prices.

The writer's opinion is presented and it is not financial advice. The $300 support level was crucial for Binance Coin, but the sellers had the upper hand. Fibonacci extension levels were used to predict future prices. Binance Coin has been in a downtrend since April and the sellers have been dominating the market. The Open Interest has risen, indicating strong bearish sentiment and further losses for Binance Coin.

Binance, the world's largest cryptocurrency exchange, will stop offering crypto services to Japanese residents from November 30, 2023, in order to comply with regulatory standards. However, the exchange is developing a local platform, Binance Japan, which will launch in the summer of 2023 and cater specifically to Japanese users. Binance will provide a migration link for Japanese users to complete their identity verification process before the deadline. Binance Japan aims to promote trust and ensure the long-term sustainability of the cryptocurrency industry in Japan. 

The Stargate DAO is considering a proposal to decrease its involvement with a stablecoin issued by Multichain protocol and to separate pools containing the asset from its other pools.

Binance, the world's largest cryptocurrency exchange, has partnered with Gulf Innova Co Ltd, a major technology firm in the Gulf region, to launch a new crypto exchange in Thailand. The joint venture, known as "Gulf Binance Co Ltd," has secured digital asset operator licenses from Thailand's Ministry of Finance and will be regulated by the country's Securities and Exchange Commission. The collaboration aims to tap into the growing demand for digital assets in Thailand and provide a reliable and secure platform for Thai investors to participate in the crypto market. The launch of the exchange comes at an opportune time as Thailand continues to embrace digital innovation and blockchain technology.

Binance and Gulf Innova's joint venture, Gulf Binance, has received licenses from Thailand's Ministry of Finance to operate as a regulated digital asset operator under the country's SEC. The partnership plans to launch a digital asset exchange and broker in Thailand by the fourth quarter of 2023.

Binance, the largest cryptocurrency exchange, is facing accusations of commingling customer funds totaling billions of dollars and regulatory breaches. Anonymous sources claim that Binance frequently used the collapsed Silvergate Bank for mixing funds. The stablecoin at the center of the dispute, BUSD, has been accused of being used to credit user accounts rather than genuine U.S. dollars. Binance denies the allegations, but the U.S. Commodity Futures Trading Commission (CFTC) has levied severe accusations against the company, alleging that it allowed trading firms based in the U.S. to engage in crypto derivatives trading on its international exchange while commingling funds and circumventing compliance controls.

Binance has temporarily suspended deposits from 10 networks, including POLS-BSC, ACH-BSC, and BIFI-FTM. The behavior of Binance's native cryptocurrency, Smart Chain, has been bearish for six weeks, and its recent failure to secure bullish momentum may lead to further price weakness. However, some on-chain data suggests that buying pressure is slowly building up, and the 200-day moving average may act as the next support range for the $300 price level. The outcome is still subject to general market conditions, but investor consensus expectations have been rising for the past seven days, indicating bullish expectations.