**Bitcoin (BTC) Slides Below 94,000 USDT Amid Minor Daily De | Shobi khan007 on Binance Square

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**Bitcoin (BTC) Slides Below 94,000 USDT Amid Minor Daily Decline**  Per Binance market data, Bitcoin ($BTC ) dipped 0.52% over the past 24 hours, breaching the 94,000 USDT threshold to trade at **93,989 USDT** at press time. The slight downturn reflects ongoing volatility in the cryptocurrency market.  
#BTC  #USDT 

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**Ripple’s $4–$5 Billion Offer to Acquire Circle Reportedly Declined Amid IPO Plans** Blockchain payments company Ripple recently proposed a $4–$5 billion acquisition of Circle, the entity behind the USDC stablecoin, but the offer was rejected, as disclosed by unnamed sources in a Bloomberg report. The bid, which would have ranked among the crypto sector’s largest mergers, was reportedly dismissed as undervalued. **Timing Follows Circle’s IPO Ambitions** The rejection comes shortly after Circle filed for a U.S. initial public offering (IPO), a strategic move to bolster its standing in a competitive stablecoin market dominated by rivals like Tether (USDT) and DAI. Industry analysts suggest Circle’s pursuit of a public listing—which could yield a higher valuation—likely influenced its decision to spurn Ripple’s bid. Neither company has publicly addressed the reported negotiations. **Ripple’s Strategic Push into Stablecoins** The acquisition attempt aligns with Ripple’s broader agenda to expand its presence in payments infrastructure and digital currencies. Earlier this year, Ripple unveiled plans to launch an XRP-backed stablecoin and deepen institutional partnerships by 2025. Acquiring Circle, which oversees $32 billion in USDC circulation, would have fast-tracked Ripple’s entry into the stablecoin arena, granting access to Circle’s extensive user network and regulatory expertise. **Market Implications and Regulatory Landscape** A merger could have reshaped the crypto industry, consolidating Ripple’s position in U.S. regulatory frameworks while disrupting the stablecoin hierarchy. However, Circle’s IPO aspirations highlight a growing trend among crypto firms to pursue public listings for enhanced credibility and capital access. The rejection underscores the valuation divide between private acquisition offers and potential public market premiums. #XRP #USDC #USDC

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Bitcoin Market Update: Price Retreats Below $94K as Traders Cash In — Whale Activity Signals Bullish

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**Bitcoin (BTC) Slips Below 93,000 USDT Threshold Amid 24-Hour Decline** Latest data from Binance reveals Bitcoin ($BTC ) has fallen below the 93,000 USDT mark, currently trading at **92,932.023438 USDT**, reflecting a **1.72% drop** over the past 24 hours. The downturn highlights ongoing volatility in the cryptocurrency market. #BTC #USDT

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**Tether Issues $1 Billion USDT on Ethereum Network, Sparking Market Impact Speculation** Blockchain monitoring service WhaleAlert has identified a substantial issuance of $1 billion in Tether ($USDC ) on the Ethereum network, according to a report by BlockBeats. The transaction, executed mere minutes before the alert, has drawn immediate attention from market observers. $ETH Large-scale stablecoin minting events like this often trigger discussions about potential market effects. Analysts suggest the move could bolster liquidity across cryptocurrency exchanges, potentially influencing trading volumes or price volatility. Tether has frequently attributed such issuances to fulfilling market demand, though the timing and scale of this release may reignite debates about its broader implications for digital asset markets. $ETH The Ethereum blockchain remains a primary platform for Tether's operations, hosting a significant portion of the stablecoin’s circulating supply. As the largest stablecoin by market capitalization, USDT’s movements are closely monitored as indicators of institutional and retail trader activity. #ETH #USDT

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