Cryptocurrency
Venga Launches Its Crypto App to Make Blockchain Innovations Accessible to Millions

[PRESS RELEASE – Barcelona, Spain, September 4th, 2024]
Venga has announced the launch of its versatile crypto app designed to make blockchain services accessible to millions. Targeted at the European market but available globally, the Venga mobile app is now listed on the App Store on iOS.
The Venga app combines an advanced user experience with a smooth onboarding and a vivid interface. It is set to act as a gateway to innovations coming from decentralized finance (DeFi) and Web3. Its features enable consumers to easily utilize a wide range of financial crypto services seamlessly bundled into a single app.
Venga CEO Michael Stroev said: “We’re thrilled to launch Venga in Europe and provide access into the cryptosphere to the masses. For too long, crypto apps have been constrained by suboptimal UX and poor technology. Venga aims to fix all of these issues by placing the tools for decentralized finance in the hands of everyday users and providing the knowledge necessary to discover, invest, and navigate the digital economy.”
Venga includes tools to invest in crypto and interact with blockchain-based protocols. It forms an all-in-one app that allows users to buy, sell, swap, transfer and hold cryptocurrencies easily. Future iterations of the app will also include staking and exchange, as well as access to TradFi functionalities and emerging decentralized markets such as RWA.
Developed by an experienced technical team, Venga is led by CEO Michael Stroev (formerly COO and Head of Product at Nebeus), CIO Mikhael Soschin (former CTO at Infintec), Chief Compliance Officer Ana Carolina Oliveira (former Compliance Officer at Blockchains Solutions Limited), MLRO Barbara Ippolito (former Intelligence Analyst at Binance), and Head of Support Carlos Dávalos (former Customer Support Manager at Dapper Labs). Additionally, the remainder of the team also comes from strong crypto backgrounds, further emphasizing their extensive expertise and dedication to blockchain technology.
Significant attention has been lavished on UX/UI with the goal of making Venga a slick, stylish, and seamless app that is streets ahead of incumbent crypto applications. It’s built on a solid technical foundation that is responsive. Venga combines distinctive branding with smooth user flow that makes it easy to access and navigate the world of Web3.
Venga is registered with the Bank of Spain as a Virtual Asset Service Provider and Custodian and as a Virtual Asset Service Provider with the Ministry of Finance of the Republic of Poland. The company maintains a transparent and compliance-first approach while educating users on blockchain topics through an information-rich blog and providing opportunities to experience its uses. By doing so, Venga aims to overcome some of the still-existing barriers that restrain crypto adoption and onboard more people into this amazing world.
About Venga
Venga is a crypto startup that launched in Barcelona in 2023. Its mission is to take innovations from the Blockchain and DeFi space, and make them more accessible to the masses inside a powerful app, empowering people to effortlessly discover, invest, and navigate the world of Web3. The Venga team is formed of experienced crypto professionals who are firm believers in blockchain technologies and that the future of finance will be decentralized.
Learn more: https://venga.com/
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Cryptocurrency
Bitcoin Price Slides to $103K as Major Altcoins Crash (Weekend Watch)

The broader cryptocurrency market continues struggling amid mounting geopolitical and economic pressures.
Bitcoin’s price has lost almost 3% on the day, while major altcoins such as Ethereum, Solana, Cardano, and others chart even more considerable declines.
Bitcoin Price Tumbles toward $103K
Bitcoin is charting a near 3% loss in the past 24 hours in what seems to be a broader crypto market selloff.
As seen in the chart below, the price tumbled from around $106,000 to an intraday low at $102,400 before bouncing and settling at where it current trades at the time of this writing.
As CryptoPotato reported, however, the common theme amongst the majority of cryptocurrency analysts and experts is that Bitcoin’s price trading at around $100,000 is indicative of institutional dominance and not retail FOMO.
This suggests that it has much more staying power because institutions are a lot less likely to sell during temporary and sudden drawdowns like the current one.
At the same time, however, the war between Israel and Iran continues, driving oil prices up and causing turmoil on stock markets as well.
Altcoins Crash Harder than BTC
The heatmap below paints a clear picture: most of the altcoins are trading in the red and are charting consiedrable losses.
Namely, some of the larger-cap cryptocurrencies such as ETH, SOL, ADA, DOGE, HYPE, BCH, LINK, AVAX, and more, are declining for more than 3% during the past 24 hours.
Interestingly enough, Bitcoin’s dominance – the metric, which tracks its share relative to that of the rest of the market is up by more than 1% during the same period.
This shows that BTC is performing a lot better and altcoins are completely unable to capitalize on its drawdown. In fact, this seems to be the other theme of the current cycle.
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Disclaimer: Information found on CryptoPotato is those of writers quoted. It does not represent the opinions of CryptoPotato on whether to buy, sell, or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk. See Disclaimer for more information.
Cryptocurrency charts by TradingView.
Cryptocurrency
Semler Scientific Unveils Plan to Accumulate 105,000 BTC by 2027

Nasdaq-listed healthcare technology company, Semler Scientific, has outlined a bold multi-year plan to significantly expand its Bitcoin holdings. The company aims to hold 10,000 BTC by the end of 2025 as an initial milestone. Building on this, it plans to increase its holdings to 42,000 BTC by the end of 2026.
By the close of 2027, Semler intends to reach a total of 105,000 BTC.
Semler Reports 287% Bitcoin Yield to Date
According to the official press release, the company said it will fund these purchases using a mix of equity and debt financing, as well as operational cash flows. Semler, which in May 2024 became the second US public company to adopt Bitcoin as its primary treasury reserve asset, has since emerged as a significant corporate Bitcoin holder.
As of June 3, 2025, the firm reported a 287% yield on its Bitcoin investment and a $177 million unrealized gain.
In a move to strengthen its new approach, Semler has appointed Joe Burnett as Director of Bitcoin Strategy. Burnett, formerly Director of Market Research at Unchained, brings more than seven years of experience in Bitcoin advocacy and research.
In a statement, Eric Semler, chairman of Semler Scientific, said,
“We are excited to have Joe join our Bitcoin strategy team and help drive our three-year-plan to own 105,000 Bitcoins. Joe is an analytical thought leader on Bitcoin and Bitcoin treasury companies. His expertise will be instrumental as we pursue our Bitcoin treasury strategy and aim to deliver long-term value to our stockholders.”
Corporate Bitcoin Holdings Grow
An increasing number of public companies are deepening their involvement with the largest cryptocurrency. For instance, Genius Group, an AI-driven education company, recently increased its corporate Bitcoin reserves from 66 BTC to 100 BTC, after acquiring an additional 34 BTC valued at approximately $3.42 million.
The company resumed its Bitcoin purchases on May 22, following a May 6 US Court of Appeals ruling that lifted previous legal restrictions stemming from a dispute related to its merger with FatBrain AI. CEO Roger Hamilton described reaching 100 BTC as a milestone in their broader plan to accumulate 1,000 BTC.
Earlier this month, New York-based Mercurity Fintech Holding announced it would raise $800 million to build a Bitcoin treasury reserve. The company plans to integrate staking and tokenized finance tools, using secure blockchain custody infrastructure to reshape its treasury operations and boost capital efficiency through yield generation.
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Cryptocurrency
Binance Moves $3B Daily in USDT via Tron, Dominating Global Transfers

Binance has emerged as the undisputed leader in driving USDT liquidity on the Tron network. In fact, the crypto exchange routinely transacts between $2 billion and $3 billion in Tether daily.
This volume accounts for over 65% of all USDT transfers on Tron, far outpacing the combined activity of all other exchanges.
Binance: Key Driver of Tron-Based USDT Activity
According to the latest data shared by CryptoQuant, on average, Binance moves $1 billion more USDT on Tron each day than its competitors. This highlights its role as a central liquidity provider for global traders, institutions, and market makers.
The Tron network has become the preferred blockchain for large-scale stablecoin transactions due to its low fees and fast settlement times. This efficiency makes it especially attractive for high-frequency traders and institutions moving large volumes of USDT, particularly on Binance. As a result, Tron now serves as a critical backbone for USDT flows.
Meanwhile, Binance’s dominance in this space has broader implications for the market. Its stablecoin activity often is indicative of a shifting sentiment, as large USDT transfers point to potential capital rotation into altcoins, derivatives, or Bitcoin. This concentration of liquidity also presents both risk and opportunity, as per the crypto analytic platform.
Whales Power Tron’s USDT Boom
As for Tron, the network recently set a new record for USDT stablecoin transfers, which reached $691 billion in volume. The peak occurred in May, with a slight dip in June. Data also revealed that just 27 whale wallets were responsible for over $411 billion of May’s total, and were executed through only 491 transactions. This highlighted the outsized influence of large investors in driving on-chain liquidity.
Tron network now dominates the circulating supply and usage of USDT, far surpassing Ethereum and other networks. More than 10.5 billion transactions have taken place on Tron to date following a steady growth trajectory since 2018.
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