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MainNewsHoskinson Ba...

Hoskinson Backs Ripple-Circle Deal to Break “Coinbase A16Z Circle Mafia”


by Vignesh Karunanidhi
for CoinEdition
Hoskinson Backs Ripple’s $11 Billion Bid to Acquire Circle
  • Charles Hoskinson backs Ripple buying Circle, says it breaks the Coinbase-A16Z monopoly.
  • Ripple may offer $11 billion for Circle, double the original offer made in April.
  • Hoskinson claims crypto elites blacklist outsiders and wants Ripple to shake it up.

Cardano founder Charles Hoskinson has voiced strong support for Ripple’s potential acquisition of Circle. He argued the deal would break up what he describes as a monopolistic ecosystem dominated by Coinbase and A16Z. In a Sunday AMA session on YouTube, Hoskinson stated the acquisition would improve the crypto sector.

“There’d be antitrust concerns with the Ripple acquisition of Circle. I think it’d make the space better,” Hoskinson stated in the video. He criticized the current market structure and claimed that a coordinated network has created barriers for projects outside their circle.

According to Hoskinson, a “Coinbase A16Z Circle mafia” has built an ecosystem that serves its own interests while excluding external participants. “If you’re outside of it, you get completely blacklisted and it’s hard to get listed. It’s hard to get liquidity, and it’s hard to get a stable coin,” he explained.

The post Hoskinson Backs Ripple-Circle Deal to Break “Coinbase A16Z Circle Mafia” appeared first on Coin Edition.

Read the article at CoinEdition

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XRP Price Action: Holds $2.30 Support, Bulls Eye $3.10 Target on Breakout Above $2.65 Resistance

XRP Price Action: Holds $2.30 Support, Bulls Eye $3.10 Target on Breakout Above $2.65 Resistance

XRP continued to hold steady above the $2.30 support level on May 28, 2025, as the to...
Ripple CTO David Schwartz on XRP: User Outcomes More Key Than Strict Decentralization Purity

Ripple CTO David Schwartz on XRP: User Outcomes More Key Than Strict Decentralization Purity

Events of the past week including the CETUS DEX hack on the SUI blockchain has broade...
MainNewsHoskinson Ba...

Hoskinson Backs Ripple-Circle Deal to Break “Coinbase A16Z Circle Mafia”


by Vignesh Karunanidhi
for CoinEdition
Hoskinson Backs Ripple’s $11 Billion Bid to Acquire Circle
  • Charles Hoskinson backs Ripple buying Circle, says it breaks the Coinbase-A16Z monopoly.
  • Ripple may offer $11 billion for Circle, double the original offer made in April.
  • Hoskinson claims crypto elites blacklist outsiders and wants Ripple to shake it up.

Cardano founder Charles Hoskinson has voiced strong support for Ripple’s potential acquisition of Circle. He argued the deal would break up what he describes as a monopolistic ecosystem dominated by Coinbase and A16Z. In a Sunday AMA session on YouTube, Hoskinson stated the acquisition would improve the crypto sector.

“There’d be antitrust concerns with the Ripple acquisition of Circle. I think it’d make the space better,” Hoskinson stated in the video. He criticized the current market structure and claimed that a coordinated network has created barriers for projects outside their circle.

According to Hoskinson, a “Coinbase A16Z Circle mafia” has built an ecosystem that serves its own interests while excluding external participants. “If you’re outside of it, you get completely blacklisted and it’s hard to get listed. It’s hard to get liquidity, and it’s hard to get a stable coin,” he explained.

The post Hoskinson Backs Ripple-Circle Deal to Break “Coinbase A16Z Circle Mafia” appeared first on Coin Edition.

Read the article at CoinEdition

Read More

XRP Price Action: Holds $2.30 Support, Bulls Eye $3.10 Target on Breakout Above $2.65 Resistance

XRP Price Action: Holds $2.30 Support, Bulls Eye $3.10 Target on Breakout Above $2.65 Resistance

XRP continued to hold steady above the $2.30 support level on May 28, 2025, as the to...
Ripple CTO David Schwartz on XRP: User Outcomes More Key Than Strict Decentralization Purity

Ripple CTO David Schwartz on XRP: User Outcomes More Key Than Strict Decentralization Purity

Events of the past week including the CETUS DEX hack on the SUI blockchain has broade...