According to MilkRoadDaily, Coinbase and Ripple are engaged in a rapidly escalating bidding war to acquire Circle, with Ripple's offer surging from $4-$5 billion in April to $9-$11 billion as of today (MilkRoadDaily, Twitter, May 20, 2025). This aggressive acquisition race highlights the strategic importance of Circle's USDC stablecoin infrastructure for both parties. For traders, this development signals potential volatility in USDC markets and could impact the competitive landscape of stablecoins and crypto exchanges. The outcome of this acquisition could drive significant shifts in liquidity, user retention, and integration between stablecoins and major crypto trading platforms.

According to MilkRoadDaily, Coinbase (COIN) currently receives a significant share of Circle's annual revenue—$908 million in 2023, representing approximately 54% of Circle’s $1.7 billion total revenue—for supporting and promoting USDC on its platforms (source: MilkRoadDaily, Twitter, May 20, 2025). If Coinbase were to acquire Circle, this move could nearly double Coinbase’s revenue from USDC, strengthening its dominance in the stablecoin market. This potential acquisition is highly relevant for crypto traders, as it could increase Coinbase's influence over stablecoin liquidity and trading volumes, directly impacting USDC and broader crypto market dynamics.

According to Hamster Kombat (@hamster_kombat), Ripple's $4–$5 billion acquisition bid for Circle was rejected, signaling Circle's strong position in the stablecoin sector and potentially impacting USDC and XRP trading dynamics (source: @hamster_kombat, May 1, 2025). Additionally, an elderly American was identified as the victim in a $330 million Bitcoin theft, highlighting ongoing security risks for large holders and the need for robust asset protection. Google is also reportedly aiming to finalize a Gemini AI deal with Apple this year, a development that could drive AI token volatility and influence tech-sector crypto sentiment. Traders should monitor liquidity shifts in stablecoins, potential regulatory responses to crypto theft, and AI-related token movements for actionable opportunities.