Ripple Makes Major Acquisition Bid for Circle, Bitcoin Faces Quantum Threat; XRP Experiences Unprecedented Liquidation Surge

In a flurry of activity within the crypto market, Ripple’s bid to acquire Circle for $5 billion has sparked debate. While the offer was rejected by Circle, Ripple remains interested in their main competitor. Meanwhile, renowned analyst Alex Thorn warns about the potential threat of quantum computing on Bitcoin and other cryptocurrencies. This threat stems from its impact on public key cryptography, potentially posing a greater challenge than previously anticipated. Furthermore, XRP has seen an abnormal 5,438% surge in liquidation imbalance within just one hour, highlighting a significant shift in trading activity among traders. The dramatic shift was fueled by price drops and triggering of leveraged long liquidations.