Ripple Denies Circle Acquisition, Webus $300M XRP Plan
Happy Wednesday! While June starts quietly in crypto, there's plenty of news to track. Ripple CEO Brad Garlinghouse denied ever attempting to acquire USDC issuer Circle, contradicting claims of a $4-5 billion offer. Meanwhile, China’s Webus filed plans with the SEC to raise $300 million for an XRP treasury. Trump-backed World Liberty Financial distributed $4 million in USD1 tokens to WLFI holders. In South Korea, Lee Jae-myung, a pro-crypto candidate, won the presidency. On investment, Bitwise CIO Matt Hougan advised against adding Bitcoin to portfolios without strategic balance. Stay updated with our daily digest on crucial digital asset news.
FAQ
❓ Did Ripple attempt to acquire Circle?
No, Ripple CEO Brad Garlinghouse has denied any plans to acquire Circle.
❓ What is Webus's $300 million plan?
Webus plans to raise $300 million for an XRP-based corporate treasury using debt financing.
❓ Who is the new pro-crypto president of South Korea?
Lee Jae-myung was elected as South Korea's new president with a pro-crypto agenda.