PANews reported on January 14th that, according to Globenewswire, shareholders of Strive, a US-listed Bitcoin treasury company, have approved the acquisition of another Bitcoin treasury company, Semler Scientific. The merged entity will hold 12,797.9 Bitcoins, worth approximately $1.22 billion, becoming Strive's 11th largest corporate holder. Strive stated that its goal is to tokenize Semler's medical diagnostics business and resolve $120 million in debt. Following the transaction, Eric Semler, Executive Chairman of Semler Scientific, will join Strive's board of directors.


Powell said the Federal Open Market Committee is weighing interest rates on a meeting-by-meeting basis, with no long-term consensus. US Federal Reserve Chair Jerome Powell said the 19 members of the Federal Open Market Committee (FOMC) remain divided on additional interest rate cuts in 2025.At Wednesday’s press conference after the Fed’s 25-basis-point rate cut, Powell said the central bank is trying to balance its dual mandate of maximum employment and price stability in an unusual environment where the labor market is weakening even as inflation remains elevated. Powell said:Powell said that the “median” FOMC projection from the Federal Reserve’s Summary of Economic Projections (SEP), the Fed’s quarterly outlook for the US economy that informs interest rate decisions, projected interest rates at 3.6% at the end of 2025, 3.4% by the end of 2026, and 3.1% at the end of 2027.Read more
