Cryptocurrency

“Our bitcoin treasury strategy and purchase of bitcoin underscore our belief that bitcoin is a reliable store of value and a compelling investment,” said Eric Semler, Semler Scientific’s chairman. “Bitcoin is now a major asset class with more than $1 trillion of market value. We believe it has unique characteristics as a scarce and finite asset that can serve as a reasonable inflation hedge and safe haven amid global instability. We also believe its digital, architectural resilience makes it preferable to gold, which has a market value of approximately 10 times that of bitcoin. Given the gap in value between gold and bitcoin, we believe that bitcoin has the potential to generate outsize returns as it gains increasing acceptance as digital gold.”Furthermore, we are energized by the growing global acceptance and ‘institutionalization’ of bitcoin — reflected most recently by the Securities and Exchange Commission’s January 2024 approval of 11 bitcoin exchange-traded funds. These funds have reported more than $13 billion of net inflows, with investments from nearly 1,000 institutions, including global banks, pensions, endowments and registered investment advisors. It is estimated that more than 10% of all bitcoins are now held by institutions,” added Mr. Semler.Semler Scientific’s board and senior management have spent substantial time examining potential uses of cash, including acquisitions. “After studying various alternatives, we decided that holding bitcoin would be the best use of our excess cash,” said Mr. Semler. In conjunction with its bitcoin treasury strategy, Semler Scientific will continue to focus on its core medical products and services. “We remain dedicated to our customers and our goal of operating a growing and profitable healthcare company,” said Doug Murphy-Chutorian, MD, Semler Scientific’s chief executive officer. “We are focused on maintaining sales of QuantaFlo® for peripheral arterial disease testing, while seeking a new 510(k) clearance from the FDA with expanded labeling for use as an aid in the diagnosis of other cardiovascular diseases.” As Semler Scientific continues to generate revenue and free cash flow from sales of QuantaFlo, it will proactively evaluate its use of excess cash. Bitcoin will serve as Semler Scientific’s principal treasury holding on an ongoing basis, subject to market conditions and the anticipated cash needs of Semler Scientific. More information regarding Semler Scientific’s bitcoin treasury strategy will be posted on its website at www.semlerscientific.com. More

ORACLE MEME Coin (OMEME) has made an impact in the cryptocurrency market, raising $208,000 within minutes of its presale launch. This rapid fundraising has positioned OMEME as a significant new entrant in the meme coin sector, attracting attention and participation from the community.Key Milestones and DevelopmentsThe presale of ORACLE MEME Coin saw a successful start, raising $208,000 in its initial phase. The team behind ORACLE MEME believes this early achievement underscores the project’s potential and sets the stage for subsequent rounds of the presaleUnique Features and TokenomicsORACLE MEME Coin distinguishes itself through its innovative approach within the meme coin space. With a total supply of 50,000,000,000 OMEME tokens, the presale allocation of 40% offers early participants significant involvement in the project’s foundation.The tokenomics of OMEME include:The ORACLE MEME Coin project emphasizes utility within the meme coin narrative, aiming to create, share, and monetize memes through its platform. The team already sees significant interest in this project, with thousands of projects joining the network. The raised funds are earmarked for further development and global marketing initiatives to expand the project’s reach.How to ParticipateWith the presale progressing, potential participants can visit the official ORACLE MEME Coin website to secure their share of OMEME tokens. The community is actively growing, with channels available on X (Twitter), Telegram, and Discord for ongoing updates and engagement.ConclusionORACLE MEME Coin is establishing itself as a notable project within the cryptocurrency landscape, combining innovative utility with a strong community focus. The ORACLE MEME team views the successful early presale results as reflecting the project’s potential for significant growth and adoption in the coming year.About ORACLE MEME CoinORACLE MEME Coin aims to become a leading meme coin by leveraging community, creativity, and blockchain technology. The project focuses on generating and sharing meme content with innovative tools and platforms designed to revolutionize meme creation, distribution, and monetization. Built on principles of transparency, user engagement, and technological advancement, ORACLE MEME offers a unique opportunity for users and investors to be part of a dynamic and evolving ecosystem.Users can visit the official website to participate in the rounds of the presale.Users can Join the Meme Revolution and follow ORACLE MEME Coin on X (Twitter) | Telegram | DiscordContactMr.Santiago Costa CorreiaOracle (NYSE:ORCL) Memesupport@oraclememe.comThis article was originally published on Chainwire More

The newly integrated analytics tool provides investors with a range of indicators including real-time Twitter statistics, on-chain activity, gas fees, ownership distribution, and detailed asset descriptions. The crypto information services provider said this data, traditionally available only to institutions, is now accessible to all Nexo users. The TIE’s core product is the SigDev Terminal, which offers market, company, and news data all on a single platform. The firm’s news data is currently the most widely used function on the terminal.In the first quarter of 2024, spot trading volume on centralized exchanges reached $4.29 trillion, highlighting the massive demand from market participants. “Learning to analyze and understand the market requires both time and information. By partnering with The Tie, we are committed to providing all users with fast access to market sentiment and movements, enhancing their experience and engagement through valuable data-driven insights,” said Elitsa Taskova, Chief Product Officer of Nexo.Joshua Frank, Co-Founder and CEO of The Tie, added: “We are thrilled to introduce real-time analytics tools on the Nexo platform. Nexo users will now have access to the same industry-leading metrics that we provide to over one hundred institutional clients on The Tie Terminal. We commend Nexo’s vision to integrate The Tie’s extensive tools to build a robust and unique trading experience for individual investors.”The Tie has been a part of Nexo Ventures’ portfolio since March 2022. The sector has attracted decent funding in recent months as investors attempt to make sense of the flood of crypto-related information. The Tie’s clients include traditional and crypto-native hedge funds, OTC desks, market makers, trading venues, banks, sell-side firms, and other institutional market participants.Nexo launched its investment arm, Nexo Ventures, in 2022, which now includes over 60 portfolio companies. Since its inception, the company has processed over $130 billion for more than 7 million users across 200 jurisdictions. Earlier this month, the crypto lender received initial approval as a licensed entity in Dubai from the region’s Virtual Assets Regulatory Authority (VARA). More

Ethereum has also continued to rise above the $3,800 level, now trading at around $3,906. This bullish run is rather supported by a considerably high amount of volume, indicating good buying interest. Currently, the level has found strong support from the 50-Day EMA, lying around $3,225, and from the 100-Day EMA around $3,170, supporting ETH.At the moment, the Ethereum RSI is at 72, indicating that ETH is overbought. Maybe it signals a pullback, but the general sentiment of the market remains in place. Recent price action noted a clear breakout from consolidation, with more targets on higher resistance levels for ETH.But it has to hold momentum to continue the journey toward $4,500 and penetrate above the psychological $4,000 price level. If at all broken, the next crucial resistance we are looking at in the range of $4,200 could give power to the doors for ETH toward $4,500. The current levels to watch are $3,800 and $3,500 on the downside, which should hold to maintain the bullish bias.This implies that the digital asset is failing to sustain levels above $70,000, a level that signals the continuation of massive buying pressure. From looking at recent price action, Bitcoin has once again failed to sustain above the $70,000 level, where most significant resistance lies. The consolidation can be visibly seen on the daily chart, where Bitcoin is exchanging levels just under $69,000. Besides that, the struggle to maintain gains above the psychological level continues to pick up momentum while consolidating at that level, with the 50-day moving average.Failure to breach the resistance at $70,000, along with consolidating price action, may also signal potential bearish trends. If Bitcoin loses the battle to hold above levels beyond the immediate support at $68,000, it might test the lower support levels around $65,000 and $62,000, as depicted by the moving averages. The selling pressure surge under these moving averages is likely to push for larger losses toward the $60,000 level.Solana is testing such a strong support level in the form of the 26 EMA. It would not be the first time the price of SOL has touched this resistance level. This has been the case in the past, whereby SOL touched around $160 in price and sprang upward successfully. Solana is currently trading around $164, which is close to a major support zone expanded by the 26-day EMA.This has acted strongly in the past, notably around the $160 zone, from which SOL managed to find strength and rise. One of the very important technical indicators monitored very closely by traders, therefore, is the 26 EMA, as it usually provides a cushion during a bullish run and resistance when in a downtrend.Solana has been quite volatile pricewise but has remained upwards over the last few trading weeks. Further, the price has retracted at the levels around $190, testing the 26 EMA support. Not far away, the 50-day EMA is located at $153, and in the case of a failure of the 26 EMA, that is the next line of defense.This article was originally published on U.Today More

Term Structure, a non-custodial fixed-income protocol that provides fixed rates, fixed terms, and peer-to-peer borrowing and lending on Ethereum, is excited to announce significant updates and upcoming features as it gears up for the upcoming Mainnet launch. These developments demonstrate Term Structure’s commitment to revolutionizing liquidity and risk management and introducing innovative solutions in DeFi. Fixed income refers to investments that pay returns on a fixed schedule, typically in the form of regular interest payments. This offers investors predictable income streams. For example, if a user invest in a fixed-income token with a 5% annual yield, he will receive an additional 5% of the same type of token each year.To enable users to earn additional points and staking rewards by looping their liquid staking tokens (LSTs) and liquid re-staking tokens (LRTs), the protocol will allow these tokens to be used as collateral. Users will soon be able to borrow them at their preferred rates and choose from 5 to 6 fixed maturity dates. This integration is poised to make fixed-rate and fixed-term borrowing and lending more accessible and versatile, catering to a broader range of user needs in DeFi. Furthermore, Term Structure will launch a point system, incentivizing user engagement through lending and borrowing in Primary Markets and buying and selling tokens in Secondary Markets on the protocol. This point system will reward users for their active participation and contribution to the ecosystem, with other perks such as bonus points for referrals and early participants. In addition, Term Structure has successfully completed the trusted setup ceremony for zkTrue-up, its customized zero-knowledge-proof system, in collaboration with leading audit firms such as ABDK, HashCloak, and Bware Labs. The system’s security is ensured because all participants have discarded the “toxic waste,” which is data that could potentially trick the system into accepting fake proofs. This effectively prevents anyone from gaining control over zkTrue-up. As the anticipation for the Mainnet launch builds, these updates underline Term Structure’s dedication to innovation and security in DeFi. By continuously improving its platform and engaging with its community, Term Structure is set to offer reliable fixed-returns solutions for the crypto community.About Term StructureTerm Structure introduces a distinct ZK Rollup solution democratizing fixed-rate and fixed-term borrowing and lending as well as fixed income trading by offering low transaction fees. Backed by Cumberland, HashKey Capital, Decima Fund, Longling Capital, and MZ Web3 Fund.For more information, users can visit Term Structure’s website at https://ts.finance/ and follow Term Structure’s social media updates:X | Discord | Telegram | LinkedInContactMarketing ManagerNovalia WinataTerm Structurenovalia.wi@tkspring.comThis article was originally published on Chainwire More

The logic is simple: large investors buy digital assets on liquid platforms like Binance and then move them to private wallets for storage, indicating long-term holding strategies.Diving deeper into the data we can learn that the address “bc1qm34” hosted by the exchange transferred millions of tokens to “1126a” in one tranche. This address is relatively fresh and was activated a month ago by a transfer from the same Binance – for 89,668 BTC, equivalent to $5.62 million.In general, all interactions of this address are related to Binance, as well as the address “bc1q7.” That is, funds move only between these three addresses. A deeper dive through Arkham Intelligence data, however, reveals that the address in question may belong to Ceffu – an institutional digital asset platform offering custody and liquidity solutions. The second address, however, also belongs to the platform and is its custodial address. It now holds 250.219 BTC worth $17.45 million.Thus, it can be stated that there is no special mystery and mysticism in this transfer – just one platform withdraws Bitcoin from the largest, and in fact, liquid, platform for its own needs.Meanwhile, Bitcoin continues to trade around $70,000 per coin. Toward the end of the day today, the price of the main cryptocurrency is adding more than 2%. To reach the absolute maximum price of Bitcoin, at $74,000, less than 5.5% remains. This article was originally published on U.Today More

Multipool, a leading innovator in the blockchain and cryptocurrency industry, concludes its Fjord Foundry LBP with a sell out of all 5 million tokens. With the close of the LBP, Multipool launched their native token, $MUL, on Uniswap V3 today with a market cap of $13M.$MUL on Uniswap – hereUsers can review the details here – app.fjordfoundry.comTo learn more about Multipool and its features, users can visit Multipool’sWebsite – www.multipool.financeTelegram – t.me/multipoolfiX – www.x.com/multipoolfiAbout MultipoolMultipool is a cutting-edge decentralized exchange (DEX) transforming the trading landscape for real-world assets (RWAs) and cryptocurrencies. Multipool is designed for fairness and equality, featuring a fully decentralized on-chain order book, deep liquidity through dynamic bracket pools, and seamless trading of RWAs and cryptocurrencies. Utilizing world-class innovations including industry-first FIX APIs, low latency networks, zero price impact auctions, trustless RFQs, peer-to-peer repo lending, and MEV bot protection, Multipool sets a new standard in DeFi trading. Experience unparalleled efficiency and security in your trading journey with Multipool – The DEX with CEX appeal.Multipool is the source of this content. This Press Release is for informational purposes only. The information does not constitute investment advice or an offer to invest.ContactPublic Relations ManagerAngie HermosaMultipoolpress@multipool.financeThis article was originally published on Chainwire More

This milestone was reached just over four months after the inception of Bitcoin ETFs on Jan. 10 this year. Thus, more than four months later, the volume of accumulated Bitcoin issuers has exceeded the 1 million BTC mark. It is that mark that Saylor referred to as 1 Nakamoto. The fact is that, according to unconfirmed data, Satoshi Nakamoto, the mysterious creator of Bitcoin, holds more than 1 million BTC in thousands of his wallets. However, there is no more precise data, but this symbolic mark was enough for Saylor to call it 1 Nakamoto.The top three Bitcoin holders among ETF issuers were BlackRock (NYSE:BLK) with 287,168 BTC, Fidelity with 161,538 BTC and ARK Invest with 48,503 BTC.As for Saylor and MicroStrategy itself, the company now has 214,400 BTC worth $14.66 billion on its balance sheet, according to the latest data. The average buying price is $35,180, which brings the profit of Saylor and MicroStrategy to 94.43%, or $7.12 billion.This milestone of reaching “1 Nakamoto” underscores the growing influence of Bitcoin ETFs and the increasing institutional adoption of the main cryptocurrency. As Bitcoin continues to gain mainstream acceptance, the accumulation of BTC by ETFs and major companies like MicroStrategy signals an interesting future for the digital asset.This article was originally published on U.Today More