The attempted acquisition was a strategic move by Ripple to expand its influence even more in the stablecoin market, especially after Circle’s recent US IPO filing. While Ripple has not confirmed the bid, it fits in with the company’s broader expansion push, which included its recent $1.2 billion acquisition of prime brokerage Hidden Road. Ripple … Read more
Ripple has reportedly made a strategic acquisition attempt targeting competitor Circle Internet Group, offering between $4 billion and $5 billion. However, insiders revealed the offer was dismissed for undervaluing Circle. Despite Ripple’s continued interest, a follow-up bid remains uncertain. Meanwhile, Circle is pushing ahead with plans for an initial public offering filed earlier this month. … Read more
The first decentralized finance (DeFi) company to launch a user-friendly suite of products on Bitcoin will “win the entire market” of the blockchain’s 300 million users, one crypto founder says. Alexei Zamyatin, the co-founder of the Bitcoin layer 2 Build on Bitcoin, told Cointelegraph at TOKEN2049 in Dubai that “the advantage of Bitcoin DeFi is … Read more
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Cardano ($ADA) just pulled Bitcoin into its orbit. The new ADA-based Lace wallet—now equipped with Bitcoin support—marks a shift in Cardano’s playbook, pushing the network deeper into cross-chain territory. Charles Hoskinson dubbed it a “powerhouse,” but the real story is Cardano’s pivot toward a multichain future. With Ethereum playing defense and Bitcoin keeping its distance … Read more
Anthony Pompliano is back in the spotlight, this time with a SPAC aimed at raising $200 million. ProCap Acquisition Corp., the blank-check vehicle tied to Pompliano, filed for an IPO with the SEC, signaling a fresh push to funnel capital into crypto, fintech, and other high-volatility corners of the economy. At a time when interest … Read more
Sam Altman’s controversial blockchain project, World, is launching in the U.S. – and said it intends to roll out 7,500 eye-scanning “orbs” in cities across the country by the end of the year. World’s orbs — chrome, bowling ball-shaped devices that scan a person’s eyeballs to confirm their identity — will initially be available to Americans … Read more
U2U Network, a well-known platform offering scalable Web3 solutions, has partnered with Datagram, a leading entity in the decentralized physical infrastructure sector. The collaboration focuses on enhancing the accessibility of Web3 and DePIN technologies within the region of Southeast Asia. The platform took to social media to reveal this exclusive development. @u2u_xyz 🤝 @DGramNetwork Datagram … Read more
North Carolina’s House of Representatives has passed a bill allowing the state’s treasurer to invest public funds in approved cryptocurrencies, which will now head to the Senate. The House passed the Digital Assets Investment Act, or House Bill 92, on its third reading on April 30 by a vote of 71 to 44. Republican House … Read more
Key points: US GDP shrank in Q1, raising recession alarms while also prompting calls for Fed rate cuts. Bitcoin dropped to $92,910 as GDP figures were released, but sustained buy-side demand could provide support. Today’s crypto derisking is likely transitory; market fundamentals remain strong. Bitcoin (BTC) price took an abrupt tumble as data showed the … Read more