crypto

Yaël Bizouati-Kennedy7/8/25

Semler jumps on Benchmark initiating coverage with a “buy” rating

Benchmark Equity Research initiated coverage of Semler Scientific today with a “buy” rating and a price target of $101, a 159% upside from today’s price, following the company’s bitcoin pivot in May.

Shares of Semler, the 15th-largest corporate Bitcoin holder, with 4,449 bitcoin, were up more than 9% in early trading.

Benchmark analyst Mark Palmer said drivers for the rating include the company’s adoption of the bitcoin standard, which boosted the stock. He added that despite that, its valuation lags peers.

Palmer also noted the company’s “ambitious three-year goals for expansion of bitcoin treasury,” with plans to accumulate 10,000 by year-end 2025, 42,000 by year-end 2026, and 105,000 by year-end 2027.

Finally, Palmer said that resolving its legacy healthcare business headwinds, which include “the overhang from a Department of Justice investigation,” could boost its valuation.

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Yaël Bizouati-Kennedy

Bitcoin oscillates around $80,000 as it fights to extend rally

The market is trapped in a pronounced tug-of-war between bullish and bearish positioning in the short term, one analyst said.

Economy And Business In Poland

crypto

Sage D. Young3h

TeraWulf rises after reporting Q1 earnings

TeraWulf, the bitcoin mining company transitioning into data center development, posted Q1 results that were essentially on par with expectations, but investors seemed to like the future transition from volatile bitcoin mining to a “more stable, contracted revenue model” revenue stream driven by “higher-value HPC workloads.”

TeraWulf reported:

Revenue of $34 million, just missing analyst expectations of $34.7 million.
An adjusted loss per share of $0.09, exactly meeting the consensus estimate from analysts polled by FactSet.

Around 62% of the firm’s Q1 revenue stemmed from high-performance computing lease revenue, “representing the initial ramp of long-term customer agreements,” TeraWulf CFO Patrick Fleury said.

“As we continue to scale, we expect the business to be increasingly driven by recurring, contracted revenue, reducing exposure to the volatility historically associated with bitcoin mining,” Fleury continued.

Fleury noted TeraWulf had $3.1 billion of cash to support its continued transition.

crypto

Sage D. Young20h

Coinbase sinks after missing on Q1 earnings, revenue

Shares of Coinbase, the largest cryptocurrency exchange in the US, slid in after-hours trading after it missed analysts’ expectations for Q1 earnings.

The company reported:

Total revenue of $1.4 billion, below the nearly $1.5 billion analysts polled by FactSet were expecting.
Transaction revenue of $755.8 million, well below the consensus estimate of $808.1 million and a 40% decline from nearly $1.3 billion in last year’s period.
A surprise loss of $394 million, a $1.47 loss per share for the quarter, compared to net income of $65.6 million in last year’s period.

The firm has 12 products generating over $100 million on an annualized basis, with prediction markets being one of its “fastest growing products ever, on track on become the 13th product,” according to Coinbase’s presentation.

The earnings report comes in the same week CEO Brian Armstrong announced the firm is cutting 14% of its workforce, or about 700 employees, citing artificial intelligence and the need to adjust its cost structure amid a down market.

Yaël Bizouati-Kennedy

Strategy’s STRC “at the center” of one of the “biggest bitcoin buying” months

STRC broke ATM records and saw record daily, weekly, and monthly trading volumes in the billions of dollars.

Bitcoin Conference

crypto

Sage D. Young5/6/26

Crypto blossoming with green shoots as ethereum and altcoins surge

Crypto markets are warming into a spring rebound as green shoots emerge in the sector.

Ethereum broke above $2,400 Wednesday morning, its highest mark since the end of January, with open interest across Binance, Bybit, OKX, Deribit, and Hyperliquid jumping to almost $12 billion from $10.7 billion on Wednesday morning, a sign new traders are opening positions, data from blockchain analytics firm Velo.xyz shows.

Coinciding with the price action, institutional flows are positive, with ETFs seeing three straight days of inflows, totaling $260 million in the period, according to SoSoValue.

“Crypto Spring, in our view, has commenced and like past cycles, investor sentiment and conviction are muted and bearish even as crypto prices strengthen,” BitMine Chairman Tom Lee said Monday, while announcing the firm added 101,745 ethereum tokens to its stockpile last week.

Meanwhile, privacy and meme tokens are rallying, too:

Dogecoin, adored by billionaire Elon Musk, has climbed as high as 11.7 cents, a level not seen since January.
DASH has increased 22.8% in the last 24 hours.
Zcash, a privacy coin, rallied to a five-month high, breaking past $600 before settling at $574 as of 10:45 a.m. ET, a 33.3% surge in the same period.

Zcash’s upswing comes after Tushar Jain, cofounder and managing partner at investment firm Multicoin Capital, announced that it “built a significant position in $ZEC since February.”

“We believe that truly private, censorship and seizure resistant assets have clear product-market fit and demand is accelerating… $ZEC is the cleanest way to express this thesis in public markets,” Jain said on X.

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