⛔ The company "Circle", the issuer of the USDC currency, rejected an acquisition offer from Ripple ranging between 4 and 5 billion dollars, considering it very low, according to a special report.
📝 The report mentioned that negotiations have completely stopped, and Ripple does not intend to improve the offer.
💥 In contrast, Ripple completed an acquisition deal worth 1.2 billion dollars for the brokerage firm "Hidden Road", which is expected to use its network (XRPLedger) for post-trade settlement, potentially enhancing the role of XRP in the financial infrastructure.
⚖️ Although the U.S. Securities and Exchange Commission 🇺🇲 has not issued a final statement, CEO "Brad Garlinghouse" announced in March that the legal dispute with the commission has ended, opening the way for the company to operate with greater freedom.
🔥 After entering the stablecoin market through RLUSD, Ripple witnessed a strong start, as the market capitalization 💰 of the currency rose from 200 million to 300 million dollars at the beginning of April.
⏳ However, momentum has recently slowed, and the market capitalization has not exceeded 320 million dollars so far.
🚀 Nevertheless, trading volumes surged by 30% over the last day to exceed 50 million dollars.