Binance's Japan unit is collaborating with Mitsubishi UFJ Trust and Banking Corporation (MUTB) to develop stablecoins that comply with local laws. The joint study aims to issue stablecoins pegged to sovereign currencies like the yen to drive Web3 adoption in Japan. The companies hope to start relevant operations by the end of next year, subject to regulatory approvals. MUTB's Progmat platform could help mitigate risks associated with stablecoins, and Binance Japan intends to use it to issue stablecoins on multiple blockchains.

Despite its ongoing legal battle with the SEC, Binance is looking to expand its presence in the overseas market by partnering with Mitsubishi UFJ Financial Group to launch stablecoins denominated in USD, EUR, and Japanese Yen in Japan's growing crypto industry by 2024. Japan recently passed a law allowing licensed companies to issue stablecoins, with MUFG engaging in discussions with various entities about using its blockchain platform to create stablecoins linked to foreign currencies.

September 26th, Lookonchain monitoring shows that DWF Labs withdrew 299,092 FRONT coins (approximately $127,000) from Binance 4 hours ago and currently holds 699,192 FRONT coins (approximately $300,000).

Binance announced on X platform that it has reopened registration and access in Belgium for users to use Binance's products and services. Previously in June, the Belgian market regulator, the Financial Services and Markets Authority (FSMA), ordered Binance to immediately stop providing services to local customers.

According to 0xScopescan data monitoring, after the IMX fell on September 21st, Upbit transferred 10.802 million IMX ($4.8 million) to Binance and OKEx, and immediately after, the IMX fell by 24%.

According to The Data Nerd's data monitoring, FRONT's price has tripled in the past month on September 25th, and a whale address starting with 0x861 has transferred 4 million FRONT coins (worth 1.4 million US dollars) to Binance. The whale bought at a price of 0.19 US dollars. If sold now, the whale will make a profit of 600,000 US dollars, and the whale address still has 3 million FRONT coins (worth 1.27 million US dollars).

On September 25th, according to on-chain data, a whale address 0xDf14 withdrew approximately 10.29 million CRV (about 5.37 million US dollars) from Binance within 9 hours. In the past three days, the whale address has withdrawn a total of 19.56 million CRV (about 10.2 million US dollars) from Binance.

Based on the monitoring of on-chain analyst Yu Jin, a whale may have bought 2.28 million ARB tokens (worth $1.86 million) through FalconX since the price of ARB reached a new low. These 2.28 million ARB tokens were withdrawn from Binance to FalconX address on 9/14 and today (9/23), and then transferred to the address. The average cost price of the whale may be $0.81.

NerdBot monitoring shows that a Smart Money sold 50,000 LINK tokens (worth $338,000) in the past 24 hours. In addition, we also found that the Smart whale 0x689 deposited 103,900 LINK tokens into Binance at a price of $6.72 (with an average entry price of $6.2).

According to Scopescan monitoring, Stake.com's wallet address transferred 12,500 ETH (worth about $20.3 million) to Binance one hour ago. Previously, on September 18th, the Stake.com wallet address transferred 10,000 ETH ($16.3 million) to Binance.