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Bitcoin miner Hut 8 grows hashrate 79% despite $134M quarterly loss


Cryptocurrency mining firm Hut 8 increased its hashrate by 79% during the first quarter of the year.According to Hut8’s latest quarterly report released on May 8, the firm saw a net loss of $134.3 million despite revenue of $21.8 million. The firm’s CEO, Asher Genoot, explained that...

Coinbase to acquire options trading platform Deribit for $2.9B


Coinbase, the largest cryptocurrency exchange in the US by trading volume, has agreed to acquire Deribit, one of the world’s biggest crypto derivatives trading platforms.Coinbase Global will acquire Deribit for about $2.9 billion, the exchange announced on May 8.The acquisition will allow...

XRP Price Watch: Bulls Battle Resistance at $2.16 as Market Awaits Breakout


XRP is trading at $2.14 with a market capitalization of $125 billion and a 24-hour trading volume of $1.99 billion. The asset’s intraday price range extends from $2.09 to $2.16, reflecting cautious buying pressure within a narrow band of resistance and support. XRP On the 1-hour chart, XRP...

Ripple Launches First-of-Its-Kind $25M RLUSD Fund to Support US Education


Ripple unleashes a $25 million RLUSD initiative to uplift U.S. education, delivering digital asset-powered classroom support and driving transformative impact for students and educators nationwide. Ripple Pledges $25M in RLUSD to Support US Educators Ripple announced on May 5 a $25 million...

Ripple commits $25M to US school nonprofits


Update, May 6, 6:58 am UTC: This article has been updated with comments from Ripple’s senior vice president of strategic initiatives, Eric van Miltenburg.Ripple, the US-based crypto services firm behind the XRP Ledger, has committed $25 million in Ripple USD (RLUSD) to education nonprofits...

Ripple commits $25M US school nonprofits


Ripple, the US-based crypto services firm behind the XRP Ledger, has committed $25 million in Ripple USD (RLUSD) to education nonprofits DonorsChoose and Teach For America.According to a May 5 announcement, the grant will be processed through the crypto charity intermediary service The Giving...

Ripple’s Failed Bid Explained: Expert Sees Circle’s $10B IPO Play Brewing


Ripple’s $5 billion acquisition bid was reportedly snubbed as one expert says Circle is eyeing a $10 billion IPO amid bullish momentum and favorable crypto regulation. Ripple’s Acquisition Bid Rejected? Expert Suggests Circle Has $10B IPO in Its Sights Attorney John E. Deaton, a well-known advocate...

Ripple Approved in UAE to Enter $400B Trade and $40B Remittance Markets


Ripple secures first DFSA license for blockchain payments in the UAE, opening access to a $400B trade hub with regulated cross-border services and RLUSD stablecoin. Ripple Targets $400B UAE Trade Hub With Fully Regulated Cross-Border Payments Ripple shared insights on May 1, highlighting a major...

XRP Price Analysis: Moving Averages Align in Bullish Formation


XRP opened May 1, 2025, trading within a tight intraday range of $2.15 to $2.24, maintaining a current price of $2.22. With a total market capitalization of $130 billion and daily trading volume of $2.94 billion, XRP remains in a key consolidation phase with signals suggesting cautious optimism...

Ripple’s $5B Bid to Acquire Circle Gets Rejected: Report


Ripple has reportedly made a strategic acquisition attempt targeting competitor Circle Internet Group, offering between $4 billion and $5 billion. However, insiders revealed the offer was dismissed for undervaluing Circle. Despite Ripple’s continued interest, a follow-up bid remains...

Ripple $4B-$5B bid to purchase Circle rejected — Report


Blockchain payments firm Ripple has reportedly bid up to $5 billion in an effort to acquire stablecoin issuer Circle, but the offer was rejected.According to an April 30 Bloomberg report, Ripple put in a bid of between $4 billion and $5 billion as part of an attempted takeover of Circle, which...

Ripple $4B-$5B bid to purchase Circle rejected — Report


Blockchain payments firm Ripple has reportedly bid up to $5 billion in an effort to acquire stablecoin issuer Circle, but the offer was rejected.According to an April 30 Bloomberg report, Ripple put in a bid of $4 billion to $5 billion as part of an attempted takeover of Circle, which was rejected...

Solana, Litecoin, and XRP Lead 2025 ETF Approval Odds


Bloomberg Intelligence exchange-traded fund (ETF) analysts Eric Balchunas and James Seyffart have released updated odds for 2025 U.S. spot cryptocurrency ETF approvals, assigning a 90% chance to solana ( SOL). Bloomberg Intelligence Analysts Forecast 90% Chance for Solana, Litecoin Spot ETFs...

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