ZyCrypto 2025-06-03 14:07:09

Circle Acquisition Race Intensifies; Why Cardano’s Charles Hoskinson sides with Ripple

Charles Hoskinson, the founder of Cardano, has made his position clear on the Coinbase and Ripple saga, amidst rumors that both firms were vying to acquire stablecoin issuer Circle. In a recent YouTube video titled “Ask Me Anything,” the Cardano boss expressed support for Ripple, explaining that the payment firm’s acquisition of Circle can strengthen the cryptocurrency ecosystem. “There’d be antitrust concerns with the Ripple acquisition of Circle. I think it’d make the space better.” He asserted. Hoskinson remains critical of the current cryptocurrency ecosystem, explaining that combined efforts have been made to centralize the space, making it difficult for projects outside these in-groups to thrive. Hoskinson, who stated that a “Coinbase A16Z Circle mafia” is dedicated to creating an exclusive network within the crypto ecosystem, is quoted as saying; “And if you are outside of it, you get completely blacklisted, and it’s hard to get listed, it’s hard to get liquidity, and it’s hard to get a stablecoin.” Sheraz Ahmed, the managing partner at blockchain consulting firm STROM Partners, who shares Hoskinson’s sentiments, remarked that the acquisition of Circle and other potential future acquisitions are signaling a shift in the market. Crypto officials amplify centralization concerns Speaking to Blockwork’s Katherine Ross, Ahmed explained that a “few dominant players are absorbing the best tech.” While the move legitimizes the crypto space, it raises concerns about decentralization, he asserted. The conversations follow rumours that Coinbase and Ripple are bidding to acquire Circle. Ryan Rasmussen, the head of research at Bitwise, told Blockworks that Circle offers attractive opportunities that he believes will prompt Coinbase to go after the stablecoin issuer. “They already clearly leaned into USDC as the go-to stablecoin across the Base ecosystem, and really across Coinbase…You get yield on USDC just for holding it in your account. So I think from an issuer perspective, it makes a lot of sense.”

Enim loetud uudised

Has Bitcoin been captured by politics and ins...
2025-06-06
Live Coin Watch Data Shows: Bitcoin Solaris M...
2025-06-06
HIVE Digital Capacity Crosses 10 EH/s in May,...
2025-06-06
Transportation Network Giant Uber Prepares to...
2025-06-06
Alex platform Halted: Critical Suspension Aft...
2025-06-06
Elon Musk’s X taps Polymarket as official pre...
2025-06-06
X chooses Polymarket as its official partner...
2025-06-06
Pepe (PEPE) vs. Bonk (BONK) Amid Market Volat...
2025-06-06

Seotud uudised

Firm Targets High Returns with New Preferred Stock...
06 Jun 2025
New Federal Reserve Vice Chair Confirmation Repres...
06 Jun 2025
Industry Experts Say Ruvi AI (RUVI) Could Follow D...
06 Jun 2025
UK Crypto ETNs: Unlocking Opportunity for Retail I...
06 Jun 2025
Market Sell-Off Creates Meme Coin Sale: Dogecoin (...
06 Jun 2025
Bitcoin’s Growing Political and Institutional Pres...
06 Jun 2025

Loe lahtiütlusest : Kogu meie veebisaidi, hüperlingitud saitide, seotud rakenduste, foorumite, ajaveebide, sotsiaalmeediakontode ja muude platvormide ("Sait") siin esitatud sisu on mõeldud ainult teie üldiseks teabeks, mis on hangitud kolmandate isikute allikatest. Me ei anna meie sisu osas mingeid garantiisid, sealhulgas täpsust ja ajakohastust, kuid mitte ainult. Ükski meie poolt pakutava sisu osa ei kujuta endast finantsnõustamist, õigusnõustamist ega muud nõustamist, mis on mõeldud teie konkreetseks toetumiseks mis tahes eesmärgil. Mis tahes kasutamine või sõltuvus meie sisust on ainuüksi omal vastutusel ja omal äranägemisel. Enne nende kasutamist peate oma teadustööd läbi viima, analüüsima ja kontrollima oma sisu. Kauplemine on väga riskantne tegevus, mis võib põhjustada suuri kahjusid, palun konsulteerige enne oma otsuse langetamist oma finantsnõustajaga. Meie saidi sisu ei tohi olla pakkumine ega pakkumine