Ripple Tried To Buy Circle For $4-5 Billion
According to sources interviewed by Bloomberg, Ripple attempted to buy Circle, the company behind the USDC stablecoin, for $4-$5 billion. Circle reportedly rejected the offer, stating that it was too low. With Circle still slated to go public in the coming months, all eyes will be on the valuation. The company once valued itself at $9 billion when it tried to go public through an SPAC in 2022.
Robinhood Q1 Earnings
Total net revenue jumped 50% from a year earlier to $927 million, while net income more than doubled to $336 million. The company now has nine different business lines generating $100M+ in ARR. While Robinhood’s crypto revenue did double to $252 million, growth slowed from each of the four previous quarters.
Visa and Bridge Partner On Stablecoin-backed cards
Visa and Bridge, the startup recently acquired by Stripe, are partnering on a new card-issuing product that will allow developers using Bridge to offer stablecoin-backed Visa cards. The card to start will only be available in Argentina, Colombia, Ecuador, Mexico, Peru, and Chile. 2025 has been a huge year for stablecoins, which doesn’t look to be slowing down any time soon.
A Chat With Domer, the #1 Trader on Polymarket (Onchain Times)
Coinbase ups BTC-backed loan limit to $1M (Coinbase)
Crypto Shill Anthony ‘Pomp’ Pompliano-Led SPAC Files for IPO (Bloomberg)
Sam Altman’s Worldcoin launches in the USA – allowing users to scan their eyeballs in exchange for 16 WLD tokens (World)