Bitcoin Price Surge: Bitcoin$BTC has climbed above $95,000, marking its strongest weekly gain since Donald Trump’s election win, driven by $2.7 billion in ETF inflows. Other cryptocurrencies like Ethereum $ETH (hovering over $1,800), Sui, Bitcoin Cash, and Hedera’s HBAR also saw gains. Analysts suggest this rally could push Bitcoin to new record highs.
Regulatory Shifts in the U.S.: The Trump administration is fostering a crypto-friendly environment. The Federal Reserve recently rescinded guidance cautioning banks against crypto activities, and U.S. banking regulators are pulling back on restrictive documents. SEC Chair Paul Atkins has criticized past regulatory uncertainty for stifling crypto innovation and is pushing for clearer regulations.
SoFi Re-enters Crypto: Fintech bank SoFi plans to bring back cryptocurrency investing in 2025, citing a “fundamental shift” in the regulatory landscape under Trump. The bank aims to integrate crypto and blockchain capabilities across its products.
Crypto Firms Eye Banking Licenses: Companies like Circle, BitGo, Coinbase, and Paxos are exploring U.S. bank licenses as the Trump administration loosens restrictions, signaling a convergence of crypto and traditional banking. Some banks are also considering issuing their own digital assets.
Trump’s Crypto Ventures: World Liberty Financial, a crypto firm tied to Trump and his sons, is gaining attention for blurring lines between private enterprise and government policy. Trump’s personal meme coin, $TRUMP, has a market cap of about $2.7 billion.
$BTC $ETH BTC 94,560.15 -0.55% Blockchain payments firm Ripple reportedly made a $4–$5 billion acquisition offer for Circle, the issuer of the USDC stablecoin — but the bid was rejected, according to a Bloomberg report citing sources familiar with the matter. The proposed deal, which would have marked one of the largest mergers in the digital asset sector, was reportedly turned down for being too low. Bloomberg noted that Ripple has not yet decided whether to submit a higher follow-up offer. Bid Came Shortly After Circle Filed for IPO The failed acquisition attempt comes just weeks after Circle filed for an initial public offering (IPO) in the United States — a move widely seen as an effort to strengthen its market position amid rising competition from other stablecoins like USDT, DAI, and FDUSD. Both Ripple and Circle have yet to issue official statements regarding the reported bid. Cointelegraph reached out to both firms for comment but had not received a response at the time of publication. Ripple’s Strategic Expansion Ripple’s interest in acquiring Circle aligns with its broader strategy of expanding its footprint in the stablecoin and payments infrastructure market. Ripple recently announced plans to launch its own XRP-backed stablecoin, as well as explore further institutional partnerships and product offerings in 2025. A successful acquisition of Circle — the second-largest stablecoin issuer with over $32 billion USDC in circulation — would have significantly accelerated Ripple’s entry into the stablecoin market and provided direct access to a vast user base and regulatory relationships. Industry Implications Had the deal gone through, it would have represented a major consolidation move in the crypto sector, potentially reshaping the stablecoin landscape and Ripple's positioning within U.S. regulatory frameworks. Analysts note that Circle’s IPO ambitions likely contributed to its decision to reject the offer, as a public listing could command a higher valuation than Ripple’s bid.
$BTC $ETH Blockchain payments firm Ripple reportedly made a $4–$5 billion acquisition offer for Circle, the issuer of the USDC stablecoin — but the bid was rejected, according to a Bloomberg report citing sources familiar with the matter. The proposed deal, which would have marked one of the largest mergers in the digital asset sector, was reportedly turned down for being too low. Bloomberg noted that Ripple has not yet decided whether to submit a higher follow-up offer. Bid Came Shortly After Circle Filed for IPO The failed acquisition attempt comes just weeks after Circle filed for an initial public offering (IPO) in the United States — a move widely seen as an effort to strengthen its market position amid rising competition from other stablecoins like USDT, DAI, and FDUSD. Both Ripple and Circle have yet to issue official statements regarding the reported bid. Cointelegraph reached out to both firms for comment but had not received a response at the time of publication. Ripple’s Strategic Expansion Ripple’s interest in acquiring Circle aligns with its broader strategy of expanding its footprint in the stablecoin and payments infrastructure market. Ripple recently announced plans to launch its own XRP-backed stablecoin, as well as explore further institutional partnerships and product offerings in 2025. A successful acquisition of Circle — the second-largest stablecoin issuer with over $32 billion USDC in circulation — would have significantly accelerated Ripple’s entry into the stablecoin market and provided direct access to a vast user base and regulatory relationships. Industry Implications Had the deal gone through, it would have represented a major consolidation move in the crypto sector, potentially reshaping the stablecoin landscape and Ripple's positioning within U.S. regulatory frameworks. Analysts note that Circle’s IPO ambitions likely contributed to its decision to reject the offer, as a public listing could command a higher valuation than Ripple’s bid.