Crypto Biz: Binance seals USDC ties a year after BUSD exit
Binance's prospects for re-entering the US market are limited after its November 2023 exit due to a $4.3 billion settlement with the US government over regulatory violations. CEO Richard Teng stated discussions about a comeback are "premature." The exchange is now focusing on global operations and has partnered with Circle to integrate USD Coin (USDC) into its treasury, enhancing its stablecoin market position. Microsoft shareholders rejected a proposal to allocate profits to Bitcoin, while JPMorgan raised price targets for several Bitcoin mining stocks, citing their asset values. Bitwise anticipates five major crypto IPOs in 2025, predicting Bitcoin could reach $200,000 or more. MARA Holdings purchased 11,774 Bitcoin for $1.1 billion, increasing its total to 40,435 BTC and achieving a hashrate of over 50 EH/s.
