XRP Army Not Buying Rumors About Ripple’s $20 Billion Offer to Circle
By: bitcoin ethereum news|2025/05/03 02:30:02
0
Share
The XRP army is not buying the latest rumor about enterprise blockchain company Ripple intending to fork out a staggering $20 billion for USDC issuer Circle. Earlier today, it started rapidly spreading on the X platform. Some influencers and crypto media outlets shared the unsubstantiated rumor, drawing criticism from some members of the XRP community for reporting on this without any credible evidence. How to lose all credibility in a single tweet — TelWGord (@NodrogyerrT) May 2, 2025 Dom Kwok, cofounder of EasyA, has commented that there is “no way” Ripple is going to offer such an enormous sum of money. Last month, Circle filed for a $5 billion initial public offering (IPO). Based on the X search history, the rumor appears to have originated on April 30, with a shady-looking account claiming that the offer was increased by $20 billion. The account added that the deal was finalized. The account is tagged “Fox News,” even though there has been no reporting on the matter from the news network. You Might Also Like As reported by U.Today, Bloomberg reported Tuesday that Ripple had offered up to $5 billion to acquire Circle, but the offer was rejected. Circle is the second-largest player on the stablecoin market, with the capitalization of USDC surpassing $61 billion. Circle’s main revenue comes from interest earned on the reserves backing the popular stablecoin. Ripple entered the stablecoin market last year with the last of Ripple USD (RLUSD). You Might Also Like In April, Circle also announced the upcoming launch of a cross-border payments network, meaning that it will directly compete with Ripple in its department as well. The original Bloomberg report stated that Ripple was uncertain about making another offer to Circle, but it did not rule it out. However, there is no credible reporting confirming that the company has upped the offer all the way to $20 billion. As reported by U.Today, the XRP price also surged on Sunday due to fake news of ProShares securing approval to launch XRP exchange-traded funds on Aprril 30. It remains unclear when these products will actually launch. Source: https://u.today/xrp-army-not-buying-rumors-about-ripples-20-billion-offer-to-circle
You may also like

Polymarket vs. Kalshi: The Full Meme War Timeline
The topic itself has become a growth engine, and this "flame war" may be their most effective business strategy.

Consensus Check: What Consensus Was Born at the 2026 First Conference?
Just concluded in Hong Kong, Consensus HK 2026 has set the stage for a new narrative this year.

Resigned in Less Than a Year of Taking Office, Why Did Yet Another Key Figure at the Ethereum Foundation Depart?
The Ethereum Foundation once again finds itself at the crossroads of personnel turmoil.

Russian-Ukrainian War Prediction Market Analysis Report
By analyzing transaction patterns, validate the predictive market as a harbinger of truth in the new media order

Ethereum Foundation Executive Director Resigns, Coinbase Rating Downgrade: What's the Overseas Crypto Community Talking About Today?
What Have Foreigners Been Most Interested in the Last 24 Hours?

Who's at the CFTC Table? A Rebalancing of American Fintech Discourse
What on earth is the CFTC up to?
AI Trading vs Human Crypto Traders: $10,000 Live Trading Battle Results in Munich, Germany (WEEX Hackathon 2026)
Discover how AI trading outperformed human traders in WEEX's live Munich showdown. Learn 3 key strategies from the battle and why AI is changing crypto trading.
Elon Musk's X Money vs. Crypto's Synthetic Dollars: Who Wins the Future of Money?
How do Synthetic Dollars work? This guide explains their strategies, benefits over traditional stablecoins like USDT, and risks every crypto trader must know.

The Israeli military is hunting a mole on Polymarket
「The suspect's behavior has posed a significant operational risk and will be charged with serious security offenses.」

Q4 $667M Net Loss: Coinbase Earnings Report Foreshadows Challenging 2026 for Crypto Industry?
Coinbase reports $1.8B in total revenue in Q4 2025, with a $667M loss leading to a sharp drop in stock price.

BlackRock Buying UNI, What's the Catch?
DeFi has transitioned from "Experimental Finance" to "Infrastructure Finance."

Lost in Hong Kong
When yesterday's glory becomes today's shackles, only the courage to break free from the shackles can win tomorrow.

Gold Plunges Over 4%, Silver Crashes 11%, Stock Market Plummet Triggers Precious Metals Algorithmic Selling Pressure?
An analysis suggests that metal prices experienced a sudden drop due to a suspected algorithmic trading sell-off, leading some investors to unwind their positions in commodities including gold and silver to access liquidity.

Coinbase and Solana make successive moves, Agent economy to become the next big narrative
The new war around the Agent On-chain Economy has begun.

Aave DAO Wins, But the Game Is Not Over
The Aave community has achieved a milestone victory on the topics of revenue and governance, but key disagreements regarding the boundaries of funding, branding, and power remain unresolved

Coinbase Earnings Call, Latest Developments in Aave Tokenomics Debate, What's Trending in the Global Crypto Community Today?
What Was Trending Among Expats in the Last 24 Hours?

ICE, the parent company of the NYSE, Goes All In: Index Futures Contracts and Sentiment Prediction Market Tool
TradFi giants are moving into the crypto market at an unprecedented pace.

On-Chain Options: The Crossroads of DeFi Miners and Traders
An Insurance Policy, a Money Printer
Polymarket vs. Kalshi: The Full Meme War Timeline
The topic itself has become a growth engine, and this "flame war" may be their most effective business strategy.
Consensus Check: What Consensus Was Born at the 2026 First Conference?
Just concluded in Hong Kong, Consensus HK 2026 has set the stage for a new narrative this year.
Resigned in Less Than a Year of Taking Office, Why Did Yet Another Key Figure at the Ethereum Foundation Depart?
The Ethereum Foundation once again finds itself at the crossroads of personnel turmoil.
Russian-Ukrainian War Prediction Market Analysis Report
By analyzing transaction patterns, validate the predictive market as a harbinger of truth in the new media order
Ethereum Foundation Executive Director Resigns, Coinbase Rating Downgrade: What's the Overseas Crypto Community Talking About Today?
What Have Foreigners Been Most Interested in the Last 24 Hours?
Who's at the CFTC Table? A Rebalancing of American Fintech Discourse
What on earth is the CFTC up to?