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Semler Scientific Plans To Sell Stock For General Corporate Purposes Including Bitcoin Purchase

According to BlockBeats, on July 26, representatives from medical company Semler Scientific announced at the Bitcoin 2024 conference that the company plans to sell stock for general corporate purposes, which may include purchasing more Bitcoin. The company has been awaiting approval from the SEC for its request to sell stock. The SEC is also expected to issue public comments regarding Semler Scientific's potential Bitcoin purchase, and this information will be made public in the future. The company hopes for an expedited approval of its request.
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BTC Outperforms as Ether ETF Launch Mirrors Bitcoin ETF Trends; AAVE Surges on Buyback Proposal

According to CoinDesk: Bitcoin (BTC) outperformed the broader cryptocurrency market during the Friday Asia trading session, gaining 4.4% to test $67,000, while the CoinDesk 20 Index (CD20) rose 3.3%. Solana’s SOL led major token gains with a 5% increase, followed by Ether (ETH), BNB Chain’s BNB, and Cardano’s ADA, each adding around 3%. Dogecoin (DOGE) rose 4%, and Solana-based memecoin popcat (POPCAT) jumped over 8%.Ether's price movement mirrored the early performance of Bitcoin exchange-traded funds (ETFs) post-launch. For the third consecutive day, ether products led liquidations across crypto futures, with over $70 million in long positions liquidated, compared to $55 million for BTC-tracked futures. The total open interest dropped by $1 billion over the past 24 hours, indicating a significant withdrawal of funds from the market.Bitcoin ETF Inflows and PerformanceBitcoin ETFs saw a net inflow of $31.16 million, bringing the total net flow since their introduction in January to just under $17.5 billion. The total net assets of Bitcoin ETFs now amount to $59.14 billion, representing about 4.6% of the total market cap of Bitcoin.Ether ETF OutflowsEther, the second-largest cryptocurrency, rose 2.8% to top $3,200. However, Ether ETFs experienced a net daily outflow of $152 million, with a cumulative net flow since their debut this week being negative $178.68 million. This is primarily due to withdrawals from the Grayscale Ethereum Trust (ETHE), which recently converted to an ETF.CoinShares analysts noted the similarity of this situation to the Bitcoin ETF launches earlier this year, where initial outflows from the Grayscale Bitcoin Trust (GBTC) weighed on Bitcoin’s price before inflows to rival funds reversed the trend. Market Analysts' PerspectivesMads Eberhardt, a crypto analyst at Steno Research, views the current trend as a prime buying opportunity for Ether, expecting the outflow from the Grayscale Ethereum ETF to end much quicker than it did for Bitcoin, potentially by mid-next week.Conversely, Rachel Lin, CEO and co-founder of SynFutures, predicts short-term pain for ETH traders, noting that Grayscale has already sold nearly 10% of its $8 billion worth of Ether in just two days. If this trend continues, it could mean a significant downside for Ethereum.AAVE OutperformsAAVE, the native token of the Aave decentralized finance (DeFi) protocol, surged 15% in response to a token buyback proposal currently in the "temp check" phase. The proposal aims to use more protocol revenue to buy back AAVE tokens from the secondary market and redistribute them to stakers.As Bitcoin and Ether navigate the complexities of ETF inflows and outflows, traders and analysts remain divided on the short-term outlook for both cryptocurrencies. However, the broader market sentiment appears cautiously optimistic, with key developments and proposals like AAVE's token buyback continuing to shape the landscape.
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Binance Market Update (2024-07-26)

The global cryptocurrency market cap now stands at $2.32T, down by -3.92% over the last day, according to CoinMarketCap data.Bitcoin (BTC) has traded between $63,457 and $67,480 over the past 24 hours. As of 09:30 AM (UTC) today, BTC is trading at $67,304, up by 4.41%.Most major cryptocurrencies by market cap are trading mixed. Market outperformers include CVP, IRIS, and HARD, up by 114%, 41%, and 23%, respectively.Top stories of the day:BTC Outperforms as Ether ETF Launch Mirrors Bitcoin ETF Trends; AAVE Surges on Buyback ProposalFed Likely To Maintain Rates In August, Potential Rate Cuts In SeptemberAsian Markets and S&P 500 Performance Amid Economic Data ReleasesStrong Demand For Spot Bitcoin ETF Holders, Says BlackRock's Robbie MitchnickJersey City Pension Fund to Invest in Bitcoin ETFsUS Weekly Jobless Claims Slightly Lower Than ExpectedBitcoin Whales Unleash $23B Buying Spree in July, New Data Shows Ark Invest Sells Bitcoin ETF Shares Amid Fund RebalancingRipple Vs SEC Legal Battle Nears Potential Resolution Ethereum Faces Challenges Amid ETF Timing ConcernsMarket movers:ETH: $3259.71 (+2.35%)BNB: $578.1 (+1.99%)SOL: $178.92 (+4.71%)XRP: $0.603 (-1.36%)DOGE: $0.12986 (+3.83%)ADA: $0.4147 (+4.35%)TRX: $0.1367 (+0.66%)AVAX: $28.25 (+2.73%)WBTC: $67258.06 (+4.58%)SHIB: $0.00001683 (+2.75%)Top gainers on Binance:CVP/USDT (+114%)IRIS/USDT (+41%)HARD/USDT (+23%)
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