Ah, the delightful world of crypto rumors – where truth is optional and absurdity knows no bounds. The latest tale making the rounds is a juicy little nugget: Ripple allegedly ready to throw a jaw-dropping $20 billion at Circle. Naturally, the XRP army is unimpressed, shaking their heads at this latest fiction being peddled as news.
The rumor surfaced earlier today, rapidly gaining traction across the X platform (because where else?). Some influencers and crypto media outlets jumped at the chance to amplify this tale, despite it being about as credible as a unicorn riding a rainbow. Members of the XRP community, ever the skeptics, were quick to call out the nonsense. “Where’s the evidence?” they demanded. No one seemed to have an answer. 😏
— Vet (@Vet_X0) May 2, 2025
How to lose all credibility in a single tweet
— TelWGord (@NodrogyerrT) May 2, 2025
Dom Kwok, co-founder of EasyA, came out swinging, proclaiming there’s “no way” Ripple is going to make such a colossal offer. This is, of course, in sharp contrast to the more grounded reality of Circle’s plans: just last month, they filed for a $5 billion IPO. So, this $20 billion business? Yeah, not so much.
To trace this tale of high finance back to its origins: it seems the rumor started on April 30, courtesy of a shady account claiming that Ripple had increased its offer by an eye-watering $20 billion. Of course, the source cited was “Fox News,” which was a neat touch considering that, well, Fox News hadn’t reported a thing on it. Such attention to detail, truly. 🤷♂️
But wait, it gets better! According to Bloomberg – yes, a credible source – Ripple actually made an offer of up to $5 billion for Circle, but, spoiler alert: it was rejected. Circle, if you’re wondering, is the second-largest player in the stablecoin market, with USDC standing proudly at a $61 billion capitalization. They’re not exactly hurting for cash. Meanwhile, Ripple dipped its toes into the stablecoin waters last year with Ripple USD (RLUSD). Ah, competition – always a delightful dish to serve cold.
Oh, and did I mention? Circle’s got big plans – like launching a cross-border payments network. You know, just casually competing with Ripple’s very own department. What could go wrong? 😜
The original Bloomberg report made it clear: Ripple was unsure if it would raise its offer, but it wasn’t ruled out either. Yet, the fantasy of a $20 billion deal remains just that – a fantasy. No credible reports, no solid evidence. Just another day in the crypto jungle.
As if that wasn’t enough, let’s not forget the fake news frenzy from April 30. The XRP price soared on rumors that ProShares had secured approval for XRP exchange-traded funds. Spoiler: No one knows when those will launch. In the meantime, let’s sit back and enjoy the circus. 🎪
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2025-05-02 17:55