U.Today presents you with the top three news stories over the past day.
Ripple buying Circle could cause “crypto apocalypse,” prominent lawyer claims
As reported by @paulbarron X account, Ripple is currently engaged in a bidding war with Coinbase to acquire Circle, with sources saying that the San Francisco-based fintech giant has an upper hand at a $9-11 billion price tag. In response to the news, MetaLeX Labs founder Gabriel Shapiro warned that should Ripple purchase Circle, the industry could enter a “crypto apocalypse.” However, if Ripple secures the deal, it is unlikely to pass antitrust muster, as it could give the company excessive control over the ecosystem. “Making Ripple the largest asset issuer on every blockchain would obviously be disastrous and anticompetitive,” wrote Shapiro. He noted that Ripple has a long history of using its influence to harm competitors by spreading FUD. Shapiro then recommended that Circle consider antitrust risks and the Revlon doctrine to ensure they secure the best deal for shareholders.
Satoshi Nakamoto’s elite rankings jump as Bitcoin rockets to $108,000
The recent surge in Bitcoin’s price has helped its mysterious creator, Satoshi Nakamoto, to climb higher in the ranks among the world’s wealthiest people. According to Bitcoin historian Pete Rizzo, Satoshi has overtaken NVIDIA CEO Jensen Huang, placing him 11th on the global rich list. At press time, Bitcoin is changing hands at $110,964; this puts the value of the Bitcoin creator’s estimated 1.1 million BTC holdings at approximately $122 billion. The real identity of Satoshi still remains unknown, yet his influence and wealth grow as the Bitcoin price rises. If the bullish trend continues, he could soon join the top 10 richest people alongside Mark Zuckerberg and Warren Buffett. Earlier today, BTC reached another all-time high of $111,888 on the Bitstamp exchange.
Vital scam warning by SHIB exec: “Scammers are everywhere”
In a recent X post, Lucie, marketing lead at Shiba Inu, issued a warning about the multitude of scams targeting the SHIB community. Lucie urged SHIB enthusiasts to be careful, as “scammers are everywhere” and misinformation spreads quickly, particularly in the media. She brought the community’s attention to the fact that X accounts of influencers or celebrities could be hijacked by malefactors, making it almost impossible to “truly know” who is behind those accounts. Lucie recommended that SHIB holders verify information through Shiba Inu’s official website and contact her directly by email. Concluding her X post, Lucie once again underscored the importance of staying vigilant and checking your sources: “Stay alert and trust only official channels.”
