- BTC consolidated closely around $ 95,000 before Friday’s US job report.
- Ripple’s offer to acquire Circle for $ 5 billion was reportedly rejected as “too low”.
Bitcoin (BTC) Expanded its price consolidation between $ 92K $ 95K after “cool” US inflation data was released on April 30.
According to Bureau of Economic Analysis (Bea) rPortFed’s favorite inflation indicator, personal consumption expenditure (PCE) index, decreased to 2.3% each year in March.
However, the Core PCE index, which removes volatile energy and food prices, rose 2.6% during the same period but was in line with analysts’ expectations.
Without sticky inflation, the market will focus on the job report which will come out on May 2 and assess the labor market.
A weak job report will increase the odds of a FED interest rate reduction and increase the risk of risk, including BTC and Crypto.
Source: CME FED Watch Tool
That said, the market expected that no interest rate reduction at the next Fed meeting planned until May 7. About 95%of fixed income dealers expected the interest rate to remain unchanged to 4.25%-4.50%.
Ripples Circle offer, Solana, Ethena adoption moves
Ripple’s attempt to acquire Stablecoin Emittent Circle has made waves in the crypto industry. According to a Bloomberg ReportRipple proposed a purchase valued between $ 4 billion and $ 5 billion.
However, Circle reportedly rejected the offer and considered it “too low.” The StableCoin giant is rumored to have a $ 4 billion valuation valuation to $ 6 billion. It has also established strong regulatory ties and positioned itself as the most compatible StableCoin fellow in the US and EU
In 2025, the USDC market expanded considerably and grew from $ 43 billion to $ 62 billion. Recently, Circle launched a cross -border payment network and collaborated with global and local merchants to promote this vision.
Analysts see this trait as a potential challenge for Ripple’s business model.
Whether Ripple will make another attempt to acquire Circle before its planned stock exchange listing (initially public offer) remains uncertain.
Finally, Solana (sun) And Ethena Labs has made massive adoption movements. Soana submitted A proposal (project one) to US Securities and Exchange Commission (Sec). The project would, if approved, give us shares on the chain and offer more access to investors outside the United States.
Ethena Labs, on the other hand, has collaborated with Telegram to allow Messenger’s billions of users access to return -bearing Stablecoins (USDE).
The company Added That, from May, it will allow users of wallets in Telegram to invest USDT or USDE and earn rewards.
“This unlocks dollars held by hundreds of millions of users in telegram wallet to dollar saving functionality without having to leave the application.”
In fact, Ton users could enjoy as much as a 10% annual return paid every week.
