Recently, rumors of a potential deal between Ripple and Circle circulated in the cryptocurrency community. Ripple's CEO Brad Garlinghouse has denied these claims.
Denial of Acquisition Rumors
Ripple's CEO Brad Garlinghouse openly rejected rumors that his company plans to acquire Circle for $5 billion. He emphasized that no official offer has been made, stating:
> "No funds moved, deal does not exist."
Market Impact
Despite the circulating rumors, they had negligible effects on major cryptocurrencies like BTC and ETH. The market remained stable, and investors continue to back Circle's IPO ambitions over merger rumors. Garlinghouse noted that current market conditions remain calm, despite the absence of new regulatory statements.
Circle's Future and IPO
The situation has drawn attention to Circle's future plans for a public offering. Investors and market participants are now focused on the anticipation of Circle's IPO rather than merger rumors. Historically, acquisition rumors have caused market fluctuations, but this case demonstrated the resilience of digital assets.
The rumors of Circle's acquisition by Ripple have been denied, and the market has remained stable. Attention is now directed towards the potential IPO of Circle, which could be a significant event in the cryptocurrency sector.
