Semler Scientific, Inc. has filed a $500 million mixed-securities offering to fund additional bitcoin acquisitions, reinforcing its strategy to adopt the cryptocurrency as its primary treasury reserve asset. Semler Chairman: ‘We Have Reached a Settlement in Principle’ Semler Scientific (Nasdaq: SMLR), a medical technology company, announced plans to raise up to $500 million through a […]

Semler Scientific Files $500M Offering to Expand Bitcoin Holdings

On Mar. 6, 2025, an executive order set up the U.S. Strategic Bitcoin Reserve. 
The order prohibits the government from selling bitcoins or buying more using 
taxpayers&#8217; money. Since then, it has been unclear how the U.S. is going to…

The US must use budget-neutral ways to increase its BTC reserve. Which ways are already on the table?

Ethereum (ETH) continues to hold a crucial support level after recovering from 
last week&#8217;s correction. Its recent bounce from historical demand zones has led 
some analysts to suggest that the altcoin is gearing up for a breakout. 
Related Reading: Forget XRP At $3, Analyst Reveals How High Price Will Be In A 
Few Months Ethereum Holds Key Support Ethereum has reclaimed the key $1,600 
level after dropping below the $1,400 support for the first time since 2023. 
The second-largest cryptocurrency by market capitalization recently fell to a 
two-year low during last week’s correction, fueled by US President Donald 
Trump’s trade tariff war. ETH touched $1,385 last Wednesday, retesting the 
2018 all-time high (ATH) levels before recovering. Amid Trump’s 90-day tariff 
pause announcement, Ethereum jumped over 10% from $1,480 to $1,600, briefly 
nearing the $1,700 resistance. However, its price retraced to the 
$1,400-$1,500 support zone on Thursday amid the market’s volatility. Over the 
weekend, the King of Altcoins recovered, hovering between the $1,580-$1,680 
price range for the past four days. Ethereum has reclaimed the $1,600 support 
in the past 24 hours, fueling a bullish sentiment among some market watchers. 
Analyst Ted Pillows noted that ETH might be getting closer to a breakout from 
its short-term downtrend line. According to him, investors could expect the 
cryptocurrency to hold the $1,550-$1,600 level now that global markets are 
gaining some strength. He considers holding this range could propel Ethereum’s 
price toward the one-month downtrend line. A breakout and confirmation of this 
resistance, at around $1,670, could set the base for a 20% jump toward the 
$2,000 resistance level. Is ETH Out Of The Woods? Merlijn The Trader suggested 
that ETH is gearing up for a breakout. The market watcher pointed out the 
cryptocurrency&#8217;s two-month descending channel, which could be “history” if 
volume surges. The analyst considers that as Ethereum nears the channel’s 
upper boundary, “all we need now is volume” for a surge above the $1,690 mark, 
adding that a breakout from this level would target $2,700. He also 
underscored that ETH’s double top formation was completed after “smashing” the 
$1,432 target, signaling that it “survived the storm.” Notably, the 
cryptocurrency confirmed this pattern, which developed within its 
$2,196-$3,904 Macro Range, following its March close below the $2,100 support. 
After recovering from the recent lows, “Now comes the face-melting rally no 
one expects. $4,000 is only the beginning.” Meanwhile, Rekt Capital 
highlighted that Ethereum’s Dominance has almost equaled old All-Time Lows. He 
explained that since June 2023, ETH’s Dominance has dropped from 20% to 8%, 
historically a reverse area for the cryptocurrency. Related Reading: Ethereum 
Rally May Unleash Massive Gains For 3 Altcoins “Generally, Ethereum Dominance 
needs to hold this green area for a chance at reversal Increasing ETH 
Dominance would be highly beneficial for Altcoin valuations over time,” he 
noted Monday. When the ETH Dominance hit the $7.5%-8.25% range, it reversed 
“to become more market-dominant,” which could signal a reversal for the King 
of Altcoins. As of this writing, ETH trades at $1,609, a 1% decrease in the 
daily timeframe. Featured Image from Unsplash.com, Chart from TradingView.com

Is The Storm Over For Ethereum? Analyst Says ‘Face-Melting’ Rally Comes Next

Ethena GmbH has been ordered by the German Federal Financial Supervisory 
Authority (BaFin) to wind up its business related to the issuance of its USDe 
tokens. BaFin revealed it found serious deficiencies in Ethena GmbH&#8217;s 
operations during the authorization procedure and imposed sanctions, leading 
to the requirement for the company to reverse its USDe token […]

Ethena Fined €600K by German Regulator and Ordered to Reverse USDe Token Issuance

Italy&#8217;s minister of economy and finance warned that US stablecoin policies are 
more concerning than President Donald Trump&#8217;s tariffs, citing the potential 
for these crypto assets to undermine the euro&#8217;s dominance in cross-border 
payments.
Speaking at an event in Milan, Giancarlo Giorgetti said that while trade 
tariffs dominate headlines, new US policies on dollar-backed stablecoins 
present an &#8220;even more dangerous&#8221; threat to European financial stability, 
according to a Reuters report.
US stablecoins allow users to invest in a widely accepted method for cross- 
border payments without opening a US bank account, Giorgetti said. He warned 
that the growing appeal of US stablecoins to Europeans should not be 
underestimated.
Giorgetti urged European Union lawmakers to take more steps to boost the 
euro&#8217;s position as an international currency. He added that the digital euro 
under development by the European Central Bank (ECB) will be essential to 
minimize the need for Europeans to resort to foreign solutions.
## US lawmakers advance stablecoin bills
Presently, stablecoin regulation in the US remains fragmented. Instead of a 
unified framework, multiple agencies apply existing laws to regulate 
stablecoins. However, lawmakers are working to implement changes, with several 
pieces of stablecoin legislation progressing.
On April 2, the US House Financial Services Committee passed the Stablecoin 
Transparency and Accountability for a Better Ledger Economy (STABLE) Act. The 
bill is now headed to the House floor for a full vote.
The bill was introduced on Feb. 6 by Committee Chair French Hill and the 
Digital Assets Subcommittee Chair Bryan Steil. It would ensure that stablecoin 
issuers provide information on their businesses, including how their tokens 
are backed.
In addition, the Guiding and Establishing National Innovation for US 
Stablecoins (GENIUS) Act establishes rules that require issuers to maintain 
reserves backed one-to-one, comply with Anti-Money Laundering (AML) laws, 
protect consumers and boost dollar dominance in the global economy.
The GENIUS Act still requires approval by both chambers of Congress and a 
presidential signature before becoming law.
_**Related:**__**Stablecoins are the best way to ensure US dollar dominance &#8212; 
Web3 CEO**_
## ECB exec renews digital euro push
Apart from Giorgetti, ECB Executive Board member Piero Cipollone also urged 
European lawmakers to intensify their efforts to combat dollar-backed 
stablecoin dominance in Europe. On April 8, Cipollone wrote an article 
expressing concerns about the growing popularity of US stablecoins.
The official suggested launching a central bank digital currency to combat 
this threat to the euro. He said this would aid in preserving the monetary 
sovereignty of the eurozone.
_**Magazine:**__**Memecoin degeneracy is funding groundbreaking anti-aging 
research**_

Italy finance minister warns US stablecoins pose bigger threat than tariffs

AI-focused crypto tokens are seeing a dip as Nvidia, the top AI chipmaker 
fueling the space, could soon take a major financial hit due to new U.S. 
export restrictions. In a filing on April 14, Nvidia said it expects around…