Health tech firm Semler Scientific wants to boost its Bitcoin holdings from 3,800 BTC to 105,000 BTC by 2027 and has appointed a new director to lead the plan. Healthcare tech firm Semler Scientific Inc. says it plans to boost its Bitcoin stack by nearly 28 times in the next two-and-a-half years, growing its holdings from 3,808 Bitcoin to 105,000 Bitcoin. Semler is aiming to hold a total of 10,000 Bitcoin (BTC) by the end of this year, then 42,000 BTC by the end of 2026, before going for its final target of 105,000 BTC by 2027, the company said on Thursday. It plans to use equity, debt financing and operational cash flow to reach its target, and has appointed a new director to lead the plan. Read more
WeChat hackers use victims’ friends to steal crypto. South Korean exchange Korbit denies hack after 12-hour maintenance. Chinese social media influencers have been targeted in a wave of WeChat account hacks, with attackers suspected of exploiting the messaging platforms security feature meant to keep them out. Since April, multiple victims claim hackers gained access to their WeChat login credentials and then triggered the platforms friend verification system. This security feature, one of three login options on WeChat, allows a users contacts to receive verification requests on their behalf when logging into a new device. Its intended as a backup when SMS or QR code authentication is unavailable. Cos, co-founder of blockchain security firm SlowMist, broke down the method in a June 17 post on X. He noted that attackers appear to target contacts with whom victims had minimal interaction, increasing the chances those users might mindlessly approve the request and forward the code. Read more
The platform launched the betting market for the GENIUS Act after the US Senate passed it on Tuesday. Cryptocurrency users are betting on the odds that US legislation to regulate payment stablecoins will move forward, following a crucial vote in the Senate and a public push from President Donald Trump to “get it to [his] desk.” As of Thursday, the online betting platform Polymarket shows an 89% chance of the Guiding and Establishing National Innovation for US Stablecoins, or GENIUS Act, passing the US Senate and House of Representatives and being signed into law by the president before 2026. The Polymarket bet seemed to have been launched roughly 18 hours after the bill passed in the Senate in a 68-30 vote on Tuesday. It’s unclear whether the bill will have enough support to pass the House in its current form or whether lawmakers could add amendments to address concerns over Trump’s connections to the crypto industry, including World Liberty Financial’s stablecoin, USD1. A majority of senators voted against ...
The partnership is part of a broader trend of banks integrating structured BTC yield products into wealth management services. XBTO, a crypto investment firm and liquidity provider, has partnered with Arab Bank Switzerland to provide a Bitcoin yield product to the bank’s wealth management clients, part of a growing appetite among institutions for BTC yield products. According to XBTO, the product will apply its “diamond-hands” strategy, a proprietary approach used on the company’s Bitcoin (BTC) yield fund. The fund’s rules strategy involves selling BTC options to earn premiums, while seeking accumulation during market dips. Regulated in Bermuda, the product has reported annualized returns of around 5% with relatively low volatility. “The maturation of institutional digital asset demand requires sophisticated solutions that go beyond simple exposure,” said Javier Rodriguez-Alarcon, chief investment officer and head of digital asset management at XBTO. Read more