Yesterday, Bitcoin (BTC) surged to $71,700 following the European Central Bank’s (ECB) rate cut. However, the rally was short-lived, BTC quickly fell and almost dipped below $70,000 before stabilizing slightly above that mark today. In the same period, Uniswap’s token (UNI), Chainlink’s LINK, and Near’s NEAR all saw declines of 3%-5%.
Semler Scientific, a medical device maker, has acquired an additional $17 million worth of Bitcoin, bringing its total holdings to $74 million. The company plans to raise $150 million to purchase more Bitcoin. This move follows Semler’s previous $40 million investment in Bitcoin, which led to a 25% surge in its stock price.
Meanwhile, GameStop stock surged 47% after influential trader Keith Gill, known as Roaring Kitty, revealed his $586 million position in the company. This sparked a rally in GameStop (GME) inspired meme tokens on the Solana blockchain, with the GME token soaring over 80%. Gill’s return to social media after a three-year hiatus has driven the GME token up over 3,000% since mid-May, pushing its market capitalization past $120 million.
