Web3🌗Wednesday Breakthroughs: Nasdaq Debut, Bitcoin’s $200K Prediction, and the USDC Alliance

Web3 is buzzing with major moves! From a historic Nasdaq debut by Coincheck’s parent company to Bitcoin's bold $200K forecast for 2025, the crypto world is heating up. Meanwhile, Binance, Coinbase, and Circle are joining forces to take on Tether, and a global push for USDC adoption is underway. Let’s dive into these game-changing highlights shaping the future of Web3.

1. Coincheck’s parent is the first Japanese crypto exchange to hit Nasdaq!

Coincheck’s parent company has officially debuted on Nasdaq, marking a historic milestone as the first Japanese crypto exchange to achieve U.S. listing. This move follows a $1.3 billion merger with Thunder Bridge Capital, finalized after a year-long delay. Founded in 2012, Coincheck has dominated Japan's retail crypto market, boasting the most downloaded crypto trading app for five years. With this listing, Coincheck aims to enhance transparency and strengthen its global presence. Advised by top financial firms like J.P. Morgan and Barclays, this milestone signals a new era for Japanese crypto in the international market.

Coincheck Parent Becomes First Japanese Crypto Exchange Operator to List on Nasdaq - Decrypt

Coincheck Group’s debut on Nasdaq is the second regulated crypto exchange operator to go public since Coinbase’s 2021 debut.

DecryptVince Dioquino

2. USDC Alliance: Binance, Coinbase & Circle unite against Tether.

Binance has teamed up with Circle to enhance the adoption of USDC, offering over 240 million users access for trading, savings, and payments. As part of this collaboration, Binance will also integrate USDC into its corporate treasury. This marks a shift as Binance pivots from BUSD, its previous stablecoin, amid regulatory pressure. Circle’s USDC, now the second-largest stablecoin with a $40.86B market cap, is set to become a key player in Binance's offerings. With this strategic partnership, both companies aim to provide secure and reliable options to crypto users worldwide.

USDC Alliance: Binance, Coinbase, and Circle Take on Tether

Find out more about prominent cryptocurrency exchange Binance’s latest partnership with Circle, a stablecoin provider

Watcher GuruSahana Kiran

3. Bitcoin's golden age: $200k forecast for 2025 by Bitwise.

Bitcoin is set to break $200K, Ethereum may hit $7K, and Solana could soar to $750, according to Bitwise’s latest report. Key drivers include increased institutional adoption, new regulatory clarity, and technological advancements. Stablecoins are predicted to double in market cap, and crypto ETFs will continue to gain momentum. Major crypto IPOs are expected, with companies like Circle and Kraken leading the charge. Coinbase is poised to surpass Charles Schwab in value, and the tokenization of assets like US Treasury debt could top $50B. Despite risks, 2025 promises significant growth for the crypto market.

Bitcoin poised for ‘golden age’ in 2025 with $200k milestone projection – Bitwise

Bitwise predicts a transformative year for crypto with innovations driving Bitcoin past $200,000 and stablecoins doubling their market cap.

CryptoSlateAssad Jafri

4. Binance & Circle team up to boost USDC adoption globally.

Italy is scaling back its planned crypto capital gains tax hike. Initially set to rise from 26% to 42% by the end of December, lawmakers announced a significant reduction during parliamentary work. The tax increase was prompted by the growing popularity of crypto investments, particularly Bitcoin, which recently surpassed $100,000. Deputy Finance Minister Maurizio Leo noted that the crypto phenomenon is spreading, contributing to the decision. This move aims to balance crypto market growth with fair taxation. Lawmakers Giulio Centemero and Federico Freni emphasized that the revised tax plans will be discussed further in parliament.

Binance Partners With Circle to Push USDC Stablecoin Adoption Across the Globe

The partnership will bring more USDC trading pairs, special promotions on USDC across trading and other products, Binance CEO Richard Teng said.

CoinDeskIan Allison

The Web3 space is evolving at lightning speed, with bold alliances, ambitious forecasts, and groundbreaking milestones redefining the crypto landscape. As the journey unfolds, staying informed is the key to navigating this dynamic world.

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