Ripple CEO Dashes Circles and Smirks at Fake News, Focuses on Real Rivets 😏💸

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Ripple CEO Dashes Circles and Smirks at Fake News, Focuses on Real Rivets 😏💸

  • Ripple’s Brad Garlinghouse, the man with a plan, dismisses those pesky Circle merger whispers at Vegas bash.
  • XRP, the digital darling, jogs up 10% on a load of malarkey—now flirting at $2.23. Who knew falsehoods could be so lucrative? 😅
  • The market cap stands proud at $131.34 billion, with 24h volume swelling by 11.65% to a breezy $2.15 billion. Market drama, anyone?
  • Meanwhile, RLUSD — the stablecoin that’s got regulators’ thumbs up from NYDFS and DFSA — is busy being the star of the XRP ledger show.

In the grand tradition of crypto soap operas, Ripple’s chief executive, Brad Garlinghouse, took to the stage (or perhaps a Vegas dais) to crush those rumours about an acquisitive dalliance with Circle. The chatter about Ripple—I mean, the *alleged* giant with a penchant for cerebro-boosting ideas—buying the USDC kings for $4 to $5 billion was, according to him, about as real as a unicorn at a cattle auction.

The truth? Ripple never proposed such a whimsical, multi-billion-dollar take-over. Yet, the false hysteria certainly gave XRP’s price a quick boost — like a good slapstick routine, only with money.

Garlinghouse Dismisses the Circus of Rumors

Under the glamorous lights of the Las Vegas Ripple conference (non-broadcasted, as if that makes it more authentic), Garlinghouse set about explaining that no, Ripple is not in the business of buying circles—or any circles, for that matter. The whispers, propagated by some finance scribes, were just that—whispers, like ghosts in the machine.

Chris Brummer, a Law professor with a penchant for social media, tweeted insights revealing Garlinghouse’s absolute disdain for acquisition conspiracies. Instead, he wants everyone to keep their eyes on the prize: Ripple’s forward-looking vision (and maybe a decent blackjack hand).

Rumors, which began swirling in the spring—backed thinly by Bloomberg’s hearsay and the unsubstantiated echo chamber of X—claimed Ripple was bidding up to a staggering $20 billion for Circle’s domain. The truth, as Circle now insists, is that they’re not planning a fire sale to anyone, least of all Ripple or Coinbase. Long-term goals remain the name of their game, or so they say with a poker face.

XRP’s Wild Price Ride and Market Quirks

The false acquisition rumors? They caused quite a stir, sending XRP soaring over 10%, from a humble $2.10 to the more glamorous $2.30—like a soap bubble bursting just before the punchline. When Garlinghouse’s firm denial arrived, the market corrected itself, like a proper British butler straightening his waistcoat.

As of June 4th, XRP was comfortably trading at $2.23, a modest 4.39% gain in the grand scheme. The market cap? Still hearty at $131.34 billion, with a volume of $2.15 billion over 24 hours, which is enough to make anyone’s head spin (or at least their wallet).

Full dilution valuation? A hefty $223.52 billion—solid enough to make even the most stoic crypto sceptic raise an eyebrow. Circulating XRP? 58.75 billion units, enough to keep the blockchain busy while the rumors and jokes keep flowing.

This topsy-turvy dance of rumors and market corrections clearly reveals how sensitive investors are—versed in whipsaws, like a rollercoaster designed by a mischievous engineer. Garlinghouse’s clarifications aim to restore sanity, refocusing everyone on Ripple’s ongoing adventures and the promising debut of RLUSD, the stablecoin extraordinaire, backed by NYDFS and Dubai’s DFSA.

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2025-06-05 06:12