Here are the selected Web3 news from the past week:
【Bit Breaks Through $110,000, Creating a New Historical High】
Coinmarketcap market data shows that on May 22nd Eastern Time, Bit broke through $110,000 during trading, rising to a high of $111,970.17, creating a new historical high.<>【JPMorgan Chase, Citibank and Other US Mainstream Banks Are Conducting Preliminary Negotiations for a Joint Stablecoin Project】. The The also stated that discussions between these banks are still in the preliminary stages change, with the final outcome largely dependent on the evolving US stablecoin legislation.
Earlier this week, US senators voted to advance the Guiding and Establishing American Stablecoin National Innovation Act (GENIUS Act). The Senate bill requires such tokenized assets to be fully backed by US dollars or similar liquid assets, mandates annual audits for issuers with a market cap over $50 , and adds provisions regarding foreign issuance, effectively laying the groundwork for stablecoin regulation.
The analyst analyst that direct holdings ofF shares in the first agencies increased their holdings in Strategy (formerly MicroStrategy), which considered an alternative investment tool for Bit. This may reflect institutional efforts to obtain Bit exposure under regulatory restrictions.
【Texas May Become the Third US State to Establish a Strategic Bit Reserve】
Blockchain Council founder and chairman Lee Bratcher The Block Texas should soon become the third state the to establish a strategic Bit reserve.
Lee Bratcher stated that if the bill passes in the state legislature, Governor Greg Governor Greg Abbott will will sign it into law it. On Wednesday, Texas voted overwhelmingly to pass Senate Bill 21, which allows the establishment of a Bit reserve. He said: "I've personally spoken with the governor, him, and I believe he wants to see Texas take the lead in this way, but of course I won't impose it. He will make a at the appropriate time."
If Governor Greg Abbott ultimately signs the Bit bill (Bratcher expects the bill be on the governor's desk "in one or two weeks"), Texas will become New the New Hampshire and Arizona to sign such a.> ><> pFtc SummerInger crypto currency perpetperpetual futures contracts may soon begin trading in the United States.
"I believe these products can be listed now," Mersin a Bloomberg Bloomberg interview. "I believe we have some products trading soon. It would be great if these products could be traded be the
Crypto perpetalso known as perpetperpetual swap contracts, are derivative contracts derivative that speculate on crypto currency prices without expdate.
According to Bitcoin Magazine, Bitwise, which manages $12 billion in assets, predicts that by the end of 2026, countries and institutions will hold 4.269 million Bits, with a total value of $426.9 billion.
【Bit and Ethereum ETFs Record Highest Daily Inflows Since January】
Yesterday, US spot Bit and Ethereum ETFs attracted $1.05 billion in funds, the highest single-day amount since January. According to The Block's compiled data, on May 22nd, spot Bit ETattractedFs attracted $934.8the highest level since January 17th (th before Bit's historical high).
Meanwhile, US spot Ethereum ETF saw had a net inflow of $110.5 million on, Thursday, the largest single February-since 4th.
Analysts analysts say this rally looks relatively stable due due to low leverage, but warn that the lack of institutional fund inflows over the weekend could pose short-term risks and Bit's price discovery might lose momentum.<>Kraken Will Offer Over 50 Tokenized Stocks and ETFs, Including Apple, Tesla, and NVIDIA Stocks】
<>According to The Wall Street Journal, Kraken will offer over 50 tokenized stocks and ETFs, covering Apple, Tesla, and NVIDIA stocks stocks. The others The that "tokenized stocks" will make it-citizens invest in US Stocks will trade 24/7 like Bitc, even during US stock market closures. Kraken stated it will begin launching tokenized stocks in the coming weeks, which will be listed in Europe, Latin America, Africa, and Asia, but temporarily do not support US region customers.
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