Coindesk

The X account of Semler Scientific chairman Eric Semler has seemingly been compromised, with various posts from it pointing to the supposed creation of a Solana-based token under the same trading symbol that the firm trades under at Nasdaq.The account shared a post suggesting that the token is looking to bridge "institutional-grade Bitcoin exposure to a high-performance ecosystem with deep liquidity and low fees" by launching the token on Solana.Other posts suggest a large percentage of the token's supply has been sent to leading cryptocurrency exchanges.A newly launched token trading on Solana-based decentralized exchange Raydium under the ticker symbol SMLR, whose address matches the one sent to the hacked account's posts, saw a 300% rise after launch before seeing a...

Crypto markets slid 3% in the past 24 hours as traders await U.S. consumer price index (CPI) readings expected later Wednesday, with some expecting a dollar slide in a move that may bump up crypto prices.Bitcoin (BTC) lost 1.3%, while majors ether (ETH), Solana’s SOL, Cardano’s ADA and XRP lost as much as 3%. Memecoin dogecoin (DOGE) slid the most with a 4.5% slide, while BNB Chain’s BNB was up 1% amid renewed interest in the blockchain's ecosystem.The broad-based CoinDesk 20 (CD20), a liquid index tracking the largest tokens by market cap, fell 2.5%.The U.S. CPI measures the average change over time in the prices paid by urban consumers for a market basket of consumer goods and services. Changes in...

The Trump-family backed World Liberty Financial launched its token reserve to back various crypto ecosystems, the firm said in an X post on Wednesday.World Liberty said it will diversify its token holdings and also engage with traditional finance firms to invest their tokenized assets into the reserve. The firm did not disclose any specific details on which tokens the reserve would invest in, but it did say that it will a particular focus on decentralized finance (DeFi).Last week, World Liberty Financial's co-founder Chase Herro said that the protocol will start a "strategic reserve" of crypto assets.The firm has already accumulated various tokens, including TRON's TRX, USDC, Ether (ETH) and staked ETH, as well as MOVE and ONDO tokens, according to...

Loans from Galaxy and Ripple played a pivotal role in helping crypto exchange MoonPay handle the demand stemming from the launch of Donald Trump’s official memecoin after its Jan.18 issuance, a new podcast reveals.TRUMP launched days before the President's swearing-in ceremony. The token launch was a surprise move that made him the first-ever president to be directly related to a memecoin. The token's market capitalization zoomed from nearly $200 million at issuance to over $10 billion within 48 hours — bagging spot and futures listings across exchanges and over $20 billion in trading volumes over two days.The massive demand came on a Saturday, when MoonPay’s fiat accounts were inaccessible due to the weekend with a public holiday on the following...

Bitcoin's (BTC) Coinbase premium indicator, which measures the spread between BTC's dollar-denominated price on the Coinbase exchange and tether-denominated price on Binance, has flipped negative for the first time since the Feb. 3 crash, according to data source Coinglass. It's a sign that traders over the Nasdaq-listed exchange have turned cautious ahead of Wednesday's U.S. CPI release, and their offshore counterparts have led the price recovery from overnight lows near $94,900 to $96,000. Historically, bull runs have been marked by prices trading at a premium on Coinbase, indicating strong leadership from U.S. investors. The premium soared to two-month highs in early November as BTC rose into its the-then uncharted territory above $70,000.Source link