Ripple CEO Denies $5B Deal? Looks Like Someone’s Burning Bridges… 🔥💸

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Ripple CEO Denies $5B Deal? Looks Like Someone’s Burning Bridges… 🔥💸

If you thought the crypto world was all about making billionaires cry, think again. Garlinghouse, the head honcho of Ripple, just spat out a firm “Nope” to the idea of buying Circle for a cool five billion dollars. Yes, you read that right — no checkbook in sight. Brummer was there, doing his best Sherlock impression on Twitter, got the scoop from the Vegas stage (because where else?), and declared Ripple’s love for Circle is as cold as last year’s Photoshop edits.

48 hours ago, I was on stage with Garlinghouse in Vegas, trying to decode the cryptic world of crypto. Spoiler alert: he’s not interested in a $5 billion snack, despite reports to the contrary. Here’s what I found out:

· Brad was clear — Ripple isn’t chasing that quick payday.

Meanwhile, Bloomberg’s out here playing Monopoly with the news, claiming Ripple threw a cheeky offer that Circle laughed off. Coinbase, that’s right, the secondhand dealer of crypto dreams, also tried to make a counteroffer, but nope — Circle’s not for sale. Never was, never will be, probably while they’re launching on the stock exchange with a valuation that’s almost large enough to buy a small country. 

Circle’s about to hit the market like a rocket — valued at a staggering $7.2 billion, aiming for $27-$28 a share. Last year they were tossing around billion-dollar mergers like confetti, but that plan ended in a flash. Talk about a rollercoaster.

Meanwhile, Ripple’s cooking up its own stablecoin, RLUSD. It’s like trying to convince the finance world that crypto isn’t just a phase, pending NY approval. Its market cap is tiny—just $310 million— compared to Circle’s gargantuan $61.5 billion. But hey, starting small is the new big, right?

Brummer, the wise observer, says Ripple’s strategy is all about bridging worlds — traditional finance and crypto, because apparently blockchain isn’t just for Bitcoin bros anymore. Recently, Ripple dropped $1.25 billion on Hidden Road, which moves $3 trillion in credit hits annually — because nothing says “We’re serious” like breaking out the big guns and big bucks.

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2025-06-04 08:25