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Ripple's Bid for Circle Rejected: Offer Too Low

Ripple’s Bid for Circle Rejected: Offer Too Low

Ripple’s offer to acquire Circle, the stablecoin issuer, for between $4 billion and $5 billion was reportedly rejected. According to sources, Circle deemed the bid insufficient. The report, published by Bloomberg News, indicates that no final decision has been made regarding a potential revised offer from Ripple.

SEC Review: Pilot Program for Securities Trading on Public Blockchains Proposed

SEC Review: Pilot Program for Securities Trading on Public Blockchains Proposed

The Solana Policy Institute, Orca, and Superstate have jointly requested the US SEC to approve a pilot program. This initiative seeks to enable the issuance and secondary trading of securities on public blockchains. The filing, submitted on April 30th, proposes exemptive relief from regulations to allow this new model of securities trading.

US GDP Contracts, Sparking Stagflation Concerns; Bitcoin's Reaction

US GDP Contracts, Sparking Stagflation Concerns; Bitcoin’s Reaction

The US GDP shrank by 0.3% in the first quarter of 2025, according to the Commerce Department’s advance estimate, raising concerns about potential stagflation. While underlying demand, as measured by real final sales to private domestic purchasers, showed a 3.0% increase, the price index for gross domestic purchases accelerated to 3.4%. The article also notes that Bitcoin’s price remained flat following the news.