Daily selected Web3 news by Bitpush editor:
[Mainstream US banks such as JPMorgan Chase and Citigroup are in preliminary talks regarding a joint venture stablecoin project]
According to Bituo news and reports from Wall Street, major U.S. banks including JPMorgan, Bank of America, Citigroup, and others are in preliminary discussions to form a potential consortium to launch a stablecoin. It is reported that these companies include the real-time payment network clearinghouse (The Clearing House) and the fintech company Early Warning Services LLC, which is behind the peer-to-peer payment system Zelle.
The report also stated that discussions among these banks are still in the preliminary stages and may change, with the final outcome largely depending on the evolving stablecoin legislation in the United States.
Earlier this week, U.S. Senators voted to advance the “Guidance and Establishment of the American Stablecoin Innovation Act” (GENIUS Act). The Senate bill requires that such tokenized assets must be fully backed by U.S. dollars or similar liquid assets, mandates annual audits for issuers with a market capitalization exceeding $50 billion, and adds provisions regarding foreign issuers, effectively laying the groundwork for stablecoin regulation.
[Bitwise predicts that by the end of 2026, countries and institutions will hold 4.269 million bitcoins]
According to a report by BitcoinMagazine, Bitwise, which manages assets worth $12 billion, predicts that by the end of 2026, countries and institutions will hold 4.269 million bitcoins, with a total value reaching $42.69 billion.
[Bitcoin and Ethereum ETFs Set Record Daily Inflows Since January]
According to Bitpush news, yesterday, the US spot Bitcoin and Ethereum ETFs attracted a total of $1.05 billion in funds, the highest single-day funding amount since January. According to data compiled by The Block, on May 22, the spot Bitcoin ETF attracted $934.8 million in funds, the highest level since January 17, before Bitcoin reached its all-time high.
At the same time, the US spot Ethereum ETF saw a net inflow of $110.5 million on Thursday, marking the largest single-day increase since February 4.
Analysts say that the current uptrend appears relatively solid due to the low leverage, but they warn that the lack of institutional capital inflow may bring short-term risks over the weekend, and Bitcoin’s price discovery could lose momentum.
[Kalshi Predictive Market Increases Support for Solana Deposits]
According to BitPush news, the prediction market Kalshi has increased support for deposits in Solana, allowing users to fund their accounts via wallets that support Solana. This is the fourth cryptocurrency supported after USDC, BTC, and WLD.
Kalshi’s crypto integration is supported by a partnership with cryptocurrency and stablecoin infrastructure provider Zero Hash. While Kalshi accepts deposits via debit card, bank, and wire transfer, the company’s website states that cryptocurrency deposits can offer users faster fund availability and a higher deposit limit of $500,000. Kalshi wrote: “Using cryptocurrency deposits on Kalshi allows you to access your funds immediately, enabling you to participate in trading without the delays typical of traditional banking.”
[Public Company Semler Scientific has invested $50 million to increase its holdings by 455 Bitcoins in the past two weeks]
According to Bitpush news, medical technology company Semler Scientific (NASDAQ: SMLR) disclosed in its latest 8-K filing that it purchased 455 Bitcoins for a total of $50 million between May 13 and May 22, with an average price of $109,801 per coin. As of May 22, the company holds a total of 4,264 Bitcoins, with a total cost of $390 million and an average holding cost of $91,471 per coin.
【WalletConnect token expands to Solana and airdrops 5 million WCT】
According to Bi推 news and a report from The Block, following the launch of the Ethereum and Optimism’s OP mainnet, the WalletConnect’s WCT token has been launched on Solana. The WalletConnect Foundation will airdrop 5 million WCT to active Solana users through partners such as Phantom, Jupiter, Backpack, and Solflare.
Founder and director Pedro Gomes stated that these 5 million tokens are part of the 185 million WCT airdrop reserved by the foundation last September. The foundation mentioned that this will be the second large-scale WCT airdrop following the distribution of 50 million tokens to the WalletConnect community in the first quarter last November. Airdrop claims for Solana users will open this summer, with eligibility criteria, distribution schedule, and claim instructions to be announced in the coming weeks.
The current trading price of WCT is approximately $0.60, and based on the current value, the airdrop is worth about $3 million.