CoinChapter.com presents the top cryptocurrency news of the day:
1. Semler Scientific adopts Bitcoin as its primary treasury asset, purchasing 581 Bitcoins worth $40 million. Chairman Eric Semler believes in Bitcoin’s unique characteristics as a scarce and finite asset and considers it a reasonable inflation hedge and safe haven. Semler also sees Bitcoin’s digital resilience as an advantage over gold.
2. The Securities and Exchange Commission (SEC) has been instructed to pay approximately $1.8 million in legal fees related to its case against Digital Licensing Inc., operating as Debt Box. The case was dismissed without prejudice, leaving the possibility of it being reopened in the future.
3. BlackRock’s Bitcoin ETF, IBIT, has surpassed Grayscale Bitcoin Trust (GBTC) as the world’s largest ETF tracking the price of Bitcoin. IBIT recorded $102.5 million in inflows, while GBTC registered a $105 million outflow.
4. Institutional investors continue to accumulate cryptocurrencies, with inflows reaching a 2024 high of $1.05 billion last week. Ethereum saw the highest institutional inflows at $36 million.
5. ZKasino, a blockchain-based gambling project, is offering a 72-hour window for ETH refunds following allegations of a $33 million “rug pull.” Investors can bridge back their ETH at a 1:1 ratio during this period.
Follow CoinChapter for daily updates on the top crypto news.
