Cryptocurrency Market Dynamics: Saylor Doubles Down on Bitcoin, EU Ban Approaches, Ripple Plans to Acquire Circle
This week, the cryptocurrency market has been buzzing with news. MicroStrategy founder Michael Saylor announced that he is doubling his capital allocation to $84 billion, fully investing in Bitcoin, further solidifying his position as the largest Bitcoin bull.
Rushi Manche, co-founder of Movement Labs, has been suspended due to governance and market maker disputes, with a third party currently conducting a review.
In terms of policy, New Hampshire's HB302 bill supporting government-held Bitcoin reserves has passed the Senate committee, moving towards a final vote. The European Union has announced a complete ban on anonymous cryptocurrencies and privacy tokens starting in 2027, sparking market discussions.
Tether is rumored to plan to launch a new stablecoin in the U.S. as early as this year, further capturing market share.
At the same time, Ripple CEO Brad Garlinghouse is looking to acquire Circle for $20 billion, with the deal nearing completion, which may reshape the stablecoin competition
