Bitpush Editor's Daily Selected Web3 News:
【Circle US IPO Stock Offering Price Likely to be $31 per Share, Raising $1.1 Billion】
According to a Bloomberg report citing an anonymous source, the stablecoin issuer Circle's stock offering price for the US IPO is likely to be set at $31 per share, raising $1.1 billion. As a result, the company's market value could reach $6.9 billion, with a fully diluted value potentially reaching $8.1 billion.
Just two days ago, Circle attempted to sell 32 million shares at around $27 to $28 per share, netting $896 million at a valuation of $7.2 billion, higher than the initially estimated $600 million raised at a $5 billion valuation.
【JPMorgan Chase Plans to Accept Cryptocurrency ETFs as Loan Collateral】
According to Bloomberg, JPMorgan Chase is preparing to accept crypto-related assets as loan collateral, including Bitcoin exchange-traded funds. The bank will first provide financing services for cryptocurrency ETFs, initially involving BlackRock's iShares Bitcoin Trust Fund. This move marks a significant expansion of JPMorgan Chase's crypto-related business, coinciding with a more relaxed regulatory environment under the new US government. Previously, JPMorgan Chase only accepted such collateral on a limited case-by-case basis. Under the new plan, crypto ETFs will be treated more similarly to traditional assets like stocks or real estate when assessing clients' borrowing capacity. The report also noted that this plan, expected to launch in the coming weeks, may include more cryptocurrency investment products.
【Nasdaq-listed K Wave Plans to Sell $500 Million in Common Stock to Purchase Bitcoin】
K Wave Media (ticker: KWM), a Nasdaq-listed Korean pop media holding company, is the latest company planning to buy Bitcoin. According to a Wednesday announcement, the company plans to sell up to $500 million in common stock to fund cryptocurrency asset purchases, mergers and acquisitions, and other corporate operations.
Founded in 2023, K Wave Media is a Cayman Islands-based diversified entertainment company primarily focused on the rapidly growing K-Pop industry. The company produces K-Pop-related content and merchandise, leveraging the industry's growing influence and loyal fan base. K Wave Media stated: "Under this plan, K Wave will allocate a significant portion of the proceeds from any share sales under this mechanism to Bitcoin purchases, long-term holding, and yield optimization." K Wave claims to be one of the first listed media companies to directly incorporate BTC into its core financial operations.
According to Yahoo Finance data, KWN rose 132.39% that day.
【Data: Suspected ConsenSys-Related Address Purchases $320 Million ETH and Stakes $120 Million with Liquid Collective】
According to Arkham ZH monitoring, an address suspected to be associated with ConsenSys purchased $320 million worth of ETH from Galaxy Digital and transferred the funds to a new address 0x0b2.
The address has now staked $120 million worth of ETH through Liquid Collective.
【Nasdaq-listed MicroCloud Hologram Has Purchased $200 Million in Bitcoin and Crypto-Related Securities Derivatives, with Cumulative Earnings of $19.08 Million】
According to PR Newswire, Nasdaq-listed holographic technology service provider MicroCloud Hologram Inc. announced the purchase of up to $200 million in Bitcoin and cryptocurrency-related securities derivatives. As of June 3, cumulative investment earnings have reached $19.08 million. Holo currently holds $303 million in cash reserves. The company plans to use these $303 million in reserves for derivatives and technology research in Bitcoin-related blockchain, quantum computing, quantum holography, and AI-enhanced reality.
【Sources: MoonPay Has Obtained New York Bitcoin License BitLicense】
Crypto journalist Eleanor Terrett posted on social media that MoonPay has obtained the New York Bitcoin license BitLicense, paving the way for the company to serve customers in all 50 US states.
It is understood that the few companies currently holding this license include Anchorage Digital, Coinbase, and Circle.
Note: BitLicense is a generic term for a business license for virtual currency activities issued by the New York State Department of Financial Services (NYSDFS) according to regulations designed for companies.
【US President Trump: Debt Ceiling Should Be Completely Abolished to Avoid Economic Disaster】
US President Trump's latest social media post: "I am very pleased to announce that after so many years, I have finally reached a consensus with Democratic Senator Warren on something: the debt ceiling should be completely abolished to avoid economic disaster. It is too dangerous to leave it in the hands of politicians - even if this could have terrible consequences for our country (and indirectly for the whole world), some politicians still want to use the debt ceiling for political gain. Let's work together, Republicans and Democrats, to get this done!"
【Wall Street Journal: Trump Losing Patience with Musk, Relationship on Thin Ice】
According to the Wall Street Journal, after Musk criticized the Republican's massive tax and spending bill, Trump seems to have lost patience with Musk. Meanwhile, Musk is annoyed by Trump's decision to withdraw the nomination of an important ally to lead NASA. A White House senior official said Trump was unhappy with Musk's criticism of the bill he signed, saying the president was puzzled by Musk's decision to intensify criticism after closely collaborating for four months. This official stated that Trump's senior advisors were caught off guard by Musk's latest offensive.
According to informed sources, the White House's recent rejection of Trump's nominee for NASA director Jared Isaacman has also strained their already unstable alliance. Someone directly familiar with the matter said this decision angered Musk, who complained to colleagues over the weekend that he had donated hundreds of millions of dollars to help Trump win last year's election, only to see Isaacman's nomination canceled. People close to Musk say his disappointment with the NASA incident made him more willing to actively criticize the tax bill.
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