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Charles Hoskinson supports Ripple’s potential acquisition of Circle, dismisses antitrust concerns During a YouTube AMA on Sunday, Cardano founder Charles Hoskinson expressed support for Ripple acquiring Circle, stating the deal could improve the crypto ecosystem. He criticized the dominance of the "Coinbase–a16z–Circle alliance" and believes Ripple could break the current monopoly and bring more diversity to the stablecoin market. Hoskinson also emphasized that Ripple would be a "better custodian" than Circle. Ripple reportedly offered $5 billion to acquire Circle but was rejected. Hoskinson mentioned rumors that Ripple may raise the offer to $11 billion. Meanwhile, Circle is still moving forward with its IPO despite ongoing acquisition speculation.

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BlackRock’s IBIT leads U.S. ETF inflows as Bitcoin surpasses $110K BlackRock’s iShares Bitcoin Trust (IBIT) recorded the highest inflows among all U.S. ETFs on May 22 after Bitcoin reached a new all-time high above $110,000. Bloomberg analyst Eric Balchunas reported that IBIT attracted $877.18 million in a single day, far exceeding traditional ETFs like Vanguard’s VOO, which saw $558 million and ranked fifth. Balchunas also noted May 21 was IBIT’s second-largest trading day ever. The surge extended to other Bitcoin ETFs, with trading volumes nearly doubling due to rising institutional demand. Total net inflows into Bitcoin ETFs now exceed $44.5 billion, with IBIT alone pulling in around $8 billion in the last five weeks.

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Solana launches SAS to enhance on-chain identity verification On May 23, Solana introduced the Solana Attestation Service (SAS), an open-source and permissionless protocol for verifying off-chain data like KYC, investor status, and wallet reputation without revealing sensitive information. SAS uses signed attestations to protect user privacy and allows for reusable verification across multiple applications. Supported by Civic, Trustalabs, and Solana Identity, the launch signals a broader move toward decentralized identity and verifiable credentials in blockchain.

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HSBC launches Hong Kong’s first blockchain-based payment service HSBC has introduced Hong Kong’s first blockchain-based settlement service, enabling real-time HKD and USD transfers between corporate wallets. The tokenized deposit program converts traditional deposits into blockchain-based digital tokens, improving payment speed and reducing costs. Initially available only in Hong Kong, the service will expand to Asia and Europe later this year. Ant International, affiliated with Alibaba, was the first to complete a live transaction on the system, built on Ant’s Whale platform. HSBC is working under HKMA’s supervisory incubator for distributed ledger technology and aims to support more digital settlement use cases.

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