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🇺🇸US Monthly Producer Price Index (PPI) announced: •Declared: 0.5% •Expectation: 0.3% •Previous: 0.2%

🇺🇸US Monthly Producer Price Index (PPI) announced:

•Declared: 0.5%

•Expectation: 0.3%

•Previous: 0.2%

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The US Giant Company Listed on Nasdaq Announced That It Purchased a Large Amount of Bitcoin! American health technology company Semler Scientific announced that it purchased 581 #Bitcoins for a total of $40 million. According to Prnewswire, the company also stated that it started accepting Bitcoin as a reserve asset. Eric Semler, president of Semler Scientific, said in a statement: “Our adoption of #Bitcoin as a reserve asset and our purchase of #BTC underscores our belief that Bitcoin is a reliable store of value and an attractive investment. Bitcoin is now a major asset class with a market capitalization of more than $1 trillion. We believe it has unique properties as a scarce and finite asset that can serve as a reasonable inflation hedge and safe haven amid global instability. In addition, features such as digital and architectural durability make #Bitcoin preferable to gold, which has a market value of approximately 10 times. Given the difference in value between gold and Bitcoin, we believe #Bitcoin has the potential to generate huge returns as it becomes increasingly accepted as digital gold. We are also empowered by the growing global acceptance and 'institutionalisation' of Bitcoin; This is reflected in the latest SEC approval of 11 Bitcoin exchange-traded funds in January 2024.” $BTC
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🧙‍♂️ According to last month user growth, the best #DeFi application was Pendle Finance (#PENDLE ) $BTC $PENDLE
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US healthcare company also announced that it bought Bitcoin American health technology company Semler Scientific announced that it purchased 581 #Bitcoins by paying an average of $40 million. The firm also announced that it accepts Bitcoin as a reserve asset. Semler Scientific, a company founded in 2007 and listed on the Nasdaq stock exchange under the code SMLR, officially announced that it added Bitcoin to its balance sheet. The US-based company bought 581 #BTC at an average price of $40 million. In the statement, it was noted that the SEC's approval of Bitcoin spot #ETFs in January played a leading role in this acquisition of the company. Eric Semler, chairman of the board of directors of the healthcare company, said in his statement on the subject: "Our acceptance of #Bitcoin as a reserve asset and the purchase we made actually show how reliable a store of value we believe Bitcoin is." Semler also said that Bitcoin's digital design makes it a more preferable asset than gold. Michael Saylor, founder of #MicroStrategy , also shared the company's acquisition announcement on his own X account. $BTC
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George Soros Fund Indirectly Invested in Bitcoin (BTC)! Leading cryptocurrency #Bitcoin (BTC) has entered the radar of giant investors with the approval of spot BTC ETFs. Many corporate companies that did not previously support Bitcoin have entered the crypto market with BTC ETFs. The fund of #GeorgeSoros , one of the world's most famous billionaire investors, announced the structure of its investment portfolio for January - March and confirmed rumors that it invested in MicroStrategy shares. MicroStrategy has specifically turned into just a BTC holding company in recent years. MicroStrategy shares, which rose sharply with Bitcoin's rise, are also seriously affected by BTC's decline. The George Soros Fund invested a total of $159 million in shares of MicroStrategy, which some market experts call a leveraged #Bitcoin stock. It appears that this investment of $159 million corresponds to 2% of the overall portfolio value of the George Soros Fund. The 80-year-old famous businessman appears to be scooping up crypto stocks, even though he has recently publicly compared digital assets to a bubble and a tool of dictators. At the end of April, experts from the investment company Benchmark said that #MicroStrategy will most likely be included in the #S&P500 index, which includes American companies with high liquidity. In the coming period, spot Bitcoin ETFs and MicroStrategy seem to continue to attract the attention of giant investment companies in the USA.
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Donald Trump-themed memecoins are in flight: Portfolio is rising! Former United States President Donald Trump's crypto asset value has surpassed $10 million, especially with his rise to TRUMP. On May 27, blockchain firm Arkham reported that presidential candidate Donald Trump's crypto asset portfolio exceeded $10 million. The sharp rise in the portfolio came with the rise of #magadrop and #TRUMP , which rose to an all-time high on May 27. According to Arkham, Donald Trump owns 579,290 TRUMP tokens, worth approximately $6.79 million. Memecoin TRUMP rose 53 percent last week following Donald Trump's crypto endorsements. “I am very positive and open-minded towards cryptocurrency companies and everything related to this new and growing industry,” the former US President said on May 25. On May 21, the Trump 2024 campaign launched a fundraising page for people to donate with crypto. According to CoinGecko, the TRUMP price has fallen 8.8 percent since its peak of $12.04 as of press time. This development caused the portfolio to decline to $9.5 million due to the market decline during early trading on May 28. MAGA was launched in August to donate to U.S. veterans and protect children. Although it bears the former president's name, it is not officially affiliated with or supported by Donald Trump. According to the official website, since MAGA's launch, 234.75 #ETH has been donated to United States veterans and 204.5 ETH to child trafficking prevention. Additionally, #DonaldTrump also owns MVP tokens worth approximately $473,000. MVP is another memecoin that offers rewards and supports donations to the Trump election campaign. #MVP reached an all-time high of $0.709 on May 17, but has since fallen 33 percent to $0.477. $BTC $ETH
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