Ripple’s $5 billion proposal to acquire Circle was turned down as Circle deemed it too low. The stablecoin firm is valued between $4 billion and $6 billion and is seen as a strong player in the regulatory landscape.
Bitcoin (BTC) remained stable, fluctuating between $92,000 and $95,000 after inflation data release. With a Core PCE Index rise to 2.6%, the market awaits the U.S. Jobs report on May 2, which may sway Fed interest rate plans.
Solana’s proposal aims to provide better access for investors by bringing U.S. Stocks on-chain, while Ethena Labs partners with Telegram to enable yield-bearing stablecoin staking for its users, potentially increasing user engagement.
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