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On May 5th, at approximately 8:54 AM local time, an earthquake with a maximum intensity of 3 was observed in Iwate Prefecture, Japan. The Japan Meteorological Agency stated that the epicenter was located off the coast of the Sanriku region, at a depth of approximately 30 kilometers, and the estimated magnitude was 5.2. There is no risk of a tsunami.According to Nikkei, Japans JSR Corporation plans to establish its first semiconductor materials manufacturing plant in Taiwan and supply raw materials to TSMC.May 5th - Meta Platforms (META.O) is developing a financing plan for a data center in El Paso, Texas, with a total value potentially reaching approximately $13 billion. According to sources familiar with the matter, Morgan Stanley and JPMorgan Chase are leading the process. These sources stated that the majority of the financing is expected to be in the form of debt, with the remainder being equity financing. The sources indicated that discussions are still in the early stages and the specific terms are still being refined.Conflict Situation: 1. Market News: Russian attacks on the Kharkiv region of Ukraine have resulted in 5 deaths and 18 injuries. 2. Russian Ministry of Defense: A ceasefire will be implemented from May 8th to 9th, 2026, and Russia hopes that Ukraine will reciprocate. 3. Russian Ministry of Defense: If Ukraine attempts to disrupt Victory Day celebrations, a large-scale retaliatory missile attack will be launched on the center of Kyiv. 4. Zelensky: Ukraine has not received any proposals regarding a ceasefire on May 9th, and will implement a unilateral ceasefire starting at midnight on the 6th. Other Situations: 1. NATO stated it will continue to provide Ukraine with anti-missile missiles. 2. Zelensky called for European participation in the Ukraine-Russia negotiations. 3. The Russian Federal Security Service arrested 150 underground weapons manufacturers. 4. Zelensky: Ukraine and Europe agreed to accelerate the implementation of the drone cooperation agreement. 5. Austria announced the expulsion of three Russian diplomats; Russia stated it will respond strongly to Austrias decision.Market news: Meta Platforms (META.O) is developing a financing plan for a data center in El Paso, Texas, with a total amount potentially reaching approximately $13 billion. According to sources familiar with the matter, Morgan Stanley and JPMorgan Chase are leading the process.

Thai Energy Firm Gulf Concludes Investments in Binance.US and BNB

Cameron Murphy

Apr 20, 2022 09:43


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  • In Thailand, Gulf Energy Development and Binance have formed a joint venture.

  • Gulf has invested in Binance's US subsidiary and its flagship cryptocurrency, BNB.

  • In Thailand, the business will seek for a license to operate a digital asset exchange.


Gulf Energy Development PCL, owned by Thai billionaire Sarath Ratanavadi, has completed an investment in Binance's US branch and its hallmark cryptocurrency, BNB.


The move follows the announcement in January of a cooperation between the two companies to develop a digital asset market in Thailand. The partnership, according to Binance, is the "initial step" in investigating potential in Thailand. Despite this, the Thailand regulator has filed a criminal complaint against the exchange for operating without a license.

Investment To Deepen Crypto Market Involvement

Gulf disclosed its investment in Series Seed Preferred Stock issued by BAM Trading Services, which runs Binance, in a regulatory filing with the Thailand Stock Exchange on Monday. US.


"As a result, the Binance investment.


The United States not only allows the Company to participate in one of the world's quickest user scale-up exchanges, but it also offers the possibility of increased investment value after Binance.


IPO in the United States."


According to CEO Brian Shroder, Binance is planning an initial public offering (IPO) in two to three years. The cash will be used by Binance's US subsidiary to increase staff and product range, undertake ROI-based marketing campaigns, and make additional acquisitions ahead of its anticipated IPO, according to the filing.


Gulf also put money into Binance Coin (BNB), the native cryptocurrency that runs the BNB Chain ecosystem, for an unknown amount.


The business also announced a joint venture deal with Binance to establish a crypto exchange in Thailand, according to another regulatory filing.


"Following the formation of the joint venture, it will apply to appropriate authorities for a digital asset exchange license and other licenses."


Last week, Binance announced that it has gained primary permission from Abu Dhabi Global Market for its activities. Binance will be able to operate as a virtual assets broker-dealer as a result of the clearance, marking the company's third aggressive expansion in the Middle East after securing licenses in Bahrain and Dubai.


The joint venture, according to Gulf, would provide it greater opportunity to investigate the digital asset sector and expand the scope of its investments.

Thailand Crypto Tax

Thailand, however, prohibited cryptocurrency payments last month, citing price volatility, a lack of user safety, money laundering, and cyber-theft concerns as major factors in the decision.


Crypto firms would "not be authorized to promote or market crypto payments," according to the banking authority.


Following public criticism, the nation first planned a 15% tax on crypto assets, but eventually abandoned its proposals. However, when contrasted to India's 30% tax rate, this seems to be considerably less.

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