🪙 Crypto and Blockchain News (November 17, 2023):

1️⃣ SET: #binance is gearing up for expansion into Thailand through the launch of a joint trading platform with the Gulf Energy subsidiary of billionaire Sarath Ratanavadi's holding company. According to documents filed with the Stock Exchange of Thailand (SET), the newly-formed entity named Gulf Binance has received approval to offer services from the local Securities and Exchange Commission. 🚀

2️⃣ SEI: Circle's venture arm, the issuer of the #usdc stablecoin, has invested in the L1 project Sei. The investment amount remains undisclosed. 💰 An interesting move highlighting the interplay between major players in the stablecoin space and emerging L1 projects.

3️⃣ PancakeSwap: #pancakeswap has introduced a #web3 gaming platform with support for NFTs and CAKE tokens. The marketplace is already live and invites third-party developers to publish their projects. At launch, the platform features two flagship games from PancakeSwap — Pancake Protectors and Pancake Mayor. 🎮 A significant step in the development of the PancakeSwap ecosystem, merging DEX and gaming capabilities.

4️⃣ Bloomberg: Over the past two months, the active growth of the cryptocurrency market has been significantly influenced by traders from South Korea. The share of local trading platforms has more than doubled since January of this year, rising from 5.2% to 12.9%. 📈 South Korea's participation is becoming an increasingly important factor for the global cryptocurrency market.

5️⃣ Paxos: Blockchain infrastructure company #paxos has received preliminary approval from the Monetary Authority of Singapore (MAS) to issue a new "stablecoin" pegged to the US dollar. According to the statement, the asset is fully backed by the American currency and its cash equivalents. The company has committed to undergoing monthly audits and providing reports on reserves. 💱 A positive step in advancing the transparency and reliability of stablecoins.

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