Ripple Labs Inc. disclosed an overview of the purchase of Circle Internet Financial for $4 billion to $5 billion, creating a rare public broad aspect from the digital asset industry itself, while also focusing on different philosophies about how to commercialize crypto networks.
Simon Dedic, CEO of venture capital firm Moonrock Capital, targeted Ripple’s approach in an article on X, writing that trying to acquire Circle would be “‘Fake It took It took YY You to of ot ot ot ot ot ot ot ot ot ot ot ot ot ot ot ot ot ot ot ot ot ot ot ot ot ot ot ot ot ot ot ot ot ot ot ot ot ot ot ot ot ot ot ot ot ot ot ot ot ot ot ot ot ot ot ot ot ot ot ot ot ot ot ot ot ot ot ot ot ot ot ot ot ot ot ot ot ot ot ot ot ot ot ot ot ot ot ot ot ot ot ot ot ot ot ot ot ot ot ot ot ot ot ot ot ot ot ot ot ot ot ot ot ot ot ot ot ot ot ot ot ot ot ot ot ot ot ot ot ot ot ot ot ot ot ot ot ot ot ot ot ot ot ot ot ot ot ot ot ot ot ot ot ot ot ot ot ot ot ot ot ot ot ot ot ot ot ot ot ot ot ot ot ot ot ot ot ot ot ot ot ot ot ot ot ot ot ot ot ot ot ot ot ot ot ot ot ot ot ot ot ot ot ot ot ot ot ot ot ot ot ot ot ot ot ot ot ot ot ot ot ot ot ot ot ot ot ot [its] The news community with hollow commitment and flashy – all just to pump XRP tokens to a ridiculous million-dollar valuation. ”
He continued: “Then you sold the token, built a large war box and tried to use it to buy one of the most legal and profitable companies in the industry. If it wasn’t that deceptive, I was almost impressed by the execution and endurance of Brad Garlinghouse and Team and Team and Team and Team and Team and Team.”
Ripple declined to comment on Dedic’s characteristics. People familiar with the talks said the company’s acquisition proposal was first reported by Circle, which was being prepared for its first public application in early April and believed that the figures for the people “underestimate the franchise.” Circle also rejected public comments on the approach, reiterating that its recent focus remains on the IPO process and the growth of USDC Stablecoin.
Ripple’s XRP Ledger is designed for cross-border payments and sinking, and is no stranger to large-scale inspections. Just last month, the San Francisco-based company agreed to acquire Prime-Brokerage Platform Platform Hidden Road for $1.25 billion, one of the largest deals in cryptocurrency to date. However, the attempted circle takeover would dwarf the transaction, if completed, fold the two largest non-computing dollar back-state stable stallalecoins, except for the tether under the new roof.
Ripple = Advanced Agent Creator
The bid also rekinds the long-term debate on the role that the team and its affiliated foundations should play when setting up a network site. Hunter Horsley, CEO of Bitwise Asset Management, believes on X that the market often ignores the “role of creators in commercialization”.
Horsley believes that this episode illustrates the increasing popularity of the “high-institution creator” model in Layer 1 protocols. He built the spectrum of three prototypes. “Creator without agents: Bitcoin. Medium agent creators: Ethereum, Bittensor, etc. Senior agent creators: Solana, Avalanche, Aptos, Sui, Ripple, etc.”
A CEO added that the third category of projects “has the resources, organized talent and the desire to promote adoption and work with them on laboratories and foundations.” He believes that the ability of these entities to “bend fate to win” means “the best products are not always winning. Sometimes it is the best to go public.
In other words, Horsley believes Ripple’s acquisition stripes are textbook examples of high-institutional strategies in action, in stark contrast to programs like Bitcoin that rely almost entirely on emerging communities to coordinate. By contrast, Didick’s criticism is that the ripple approach is the opportunistic asset funded by Treasury XRP sales.
At press time, XRP traded at $2.22.
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