Circle Denies Acquisition Talks with Coinbase and Ripple

Cryptocurrency company Circle has refuted rumors of acquisition talks with both Coinbase and Ripple. Despite the speculation, the firm is pushing forward with its IPO process, according to their SEC filing. The rumored $5 billion offer from Ripple was rejected by Circle. This denial underscores Circle’s focus on going public and reinforces its valuation stance. 2023 has seen market volatility as rumors of potential acquisition attempts have affected both industry sentiment and trading dynamics.