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Pakistan’s Digital Assets Minister, Bilal Bin Saqib, met with Bo Hines, Executive Director of the U.S. Presidential Council on Digital Assets, to explore crypto collaboration.
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#Ripple CEO Brad Garlinghouse has clarified the swirling rumors about the company’s alleged bid to acquire USDC stablecoin issuer Circle. In an X post yesterday, fintech policy expert Chris Brummer summarized key takeaways from his fireside chat with Garlinghouse during the XRP Las Vegas conference. According to the summary, Garlinghouse and Brummer discussed Ripple’s future direction and addressed rumors surrounding a potential acquisition of Circle. Rumors of Ripple’s interest in acquiring Circle have been circulating since April. Multiple reports suggested that Circle rejected an initial offer from Ripple in the range of $4 billion to $5 billion, deeming it insufficient. Notably, subsequent reports claimed that Ripple raised its offer to between $10 billion and $20 billion. Ripple Never Offered $10-$20B for Circle However, according to Brummer, Garlinghouse refuted this claim at the XRP Las Vegas conference, denying that Ripple ever offered $10–$20 billion to acquire Circle. While his statement implied that Ripple may have made an offer at some point, he did not disclose specific financial details. According to Brummer, Garlinghouse indicated that Ripple was not pursuing an outright takeover of Circle. In the meantime, Circle has dismissed reports about potential plans to sell itself to Ripple. A spokesperson affiliated with the stablecoin issuer revealed that the company is currently focused on its long-term goals. Weeks after denying the acquisition rumors, Circle filed for an IPO on the NYSE, offering 24 million Common A shares at $24 to $26 each. Other Major Key Points From Garlinghouse Meanwhile, Brummer also shared other key points Garlinghouse made at the conference. RLUSD’s Use in Hidden Road According to Brummer, Garlinghouse hinted that Ripple’s acquisition of Hidden Road signals deeper ambitions. The deal, which would see Hidden Road utilize RLUSD as a collateral asset for its prime brokerage services, signals Ripple’s intent to position RLUSD as an on-ledger collateral, not just another stablecoin... #Crypto
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“Massive Shiba Inu Surge Coming? Here’s How It Could Jump Over 503%!”
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#Pepe jumps 10% as the price reclaims the 50% Fibonacci level. With EMAs hinting at a golden cross and rising derivatives inflows, a breakout toward $0.000015 is possible. As meme coins gradually gain momentum, Pepe is up nearly 10% over the past 24 hours. With the uptrend strengthening, can Pepe reclaim the $0.000015 psychological level? Let’s find out. Pepe Price Analysis On the daily timeframe, Pepe faced resistance at the 61.8% Fibonacci level near $0.00001470 due to strong selling pressure. The decline tested the 200-day EMA, forming a long-tailed doji candle at $0.00001107 on Saturday, May 31. Since then, the memecoin has reversed its course, forming four consecutive bullish candles and reclaiming the 50% Fibonacci level at $0.00001227. With this short-term recovery, Pepe is attempting to regain a key support level amid increasing momentum. Additionally, this recovery supports the formation of a golden cross between the 50-day and 200-day EMA lines, while the rising 100-day and 200-day EMAs hint at a potential bullish crossover. Despite these bullish signals, the daily RSI line, currently at 51, shows a downward trend as it hovers near the midline. However, with Pepe maintaining a position above the 50% Fibonacci level, the RSI could soon rise above the midpoint, signaling growing bullish strength. According to the Fibonacci retracement levels, immediate resistance for Pepe lies at $0.00001470, followed by the 78.6% Fibonacci level at $0.00001903. On the downside, key support remains at the 200-day EMA ($0.00001107), followed by the psychological level at $0.000010. Optimism Builds in Pepe Derivatives Over the past 24 hours, optimism in the Pepe derivatives market has increased significantly. Open interest (OI) is up 6.47% to $537.96 million. Additionally, the OI-weighted funding rate has turned positive, currently at 0.0095%. This derivatives data indicates growing bullish sentiment, supported by a spike in short liquidations, which suggests bearish traders are being squeezed out.. #CryptoNewsCommunity
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U.S. Senator Cynthia Lummis has yet to address public concerns about whether her Bitcoin maximalist son-in-law, Will Cole, might influence her views on crypto policy. These concerns arose after Ripple CEO Brad Garlinghouse criticized Senator Lummis on X for canceling a meeting. According to Garlinghouse, the Senator has refused to reschedule the meeting. “As a leader in Congress and a Senator from a pro-crypto state, Wyoming, I hope you will reconsider and be a leader for ALL of crypto,” Garlinghouse remarked in the statement issued on May 19. Stakeholders Concerned About Lummis’ Ties to Bitcoin Maxi Son-in-Law Not surprisingly, this abrupt cancellation has sparked significant concern among crypto stakeholders. According to some industry stakeholders, her decision to snub Ripple’s CEO indicates that Lummis may be less receptive to crypto networks beyond Bitcoin. Lummis’s ties to her son-in-law, Will Cole, a major Bitcoin maximalist who convinced her to buy Bitcoin in 2013, reinforce this fear. Cowboy Crypto, a pseudonymous crypto investigator, alleged that Cole might be influencing Lummis’ legislative agenda in favor of Bitcoin. Cole has been an advocate for Bitcoin since its early days. He has publicly backed the premier cryptocurrency and supported criticisms of other projects, including XRP. According to Cowboy Crypto, Cole is enthusiastic about Bitcoin and hates Ripple’s success. Notably, he runs a small Bitcoin-only payments company called Zaprite. Although the company has existed since 2017 and has received venture capital funding, its growth has been modest, with only two employees, according to data from PitchBook. Nonetheless, Cole has remained a strong Bitcoin maxi and has publicly advocated for the asset at the expense of others.. #CryptoNewss
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“$125K Incoming? Bitcoin’s Final Pullback Is Here — Buy Now or Miss Out Forever!”
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