Bitcoin stocks and bond markers have all turned lower in response to the strong employment data in May.

The U.S. government reported an addition of 272,000 jobs last month, blowing past the estimates for just 185,000

and well ahead of April's 165,000. The price of Bitcoin fell sharply from a two-month

high in the minutes following the numbers. As of 10 a.m. Eastern time, the largest cryptocurrency

by market cap is trading fairly flat near $71,500. Saudi Arabia, Central Bank has joined Project Embridge as a full participant, according to an announcement

from the Switzerland-based Bank of International Settlements.

Project Embridge is a cross-border experiment with CBDCs for international trade launched

in 2021 as a collaboration between the BIS and the central banks of

China, Hong Kong, Thailand, and the UAE.

And medical device makers, similar scientific, has broadened its corporate strategy to also include

buying Bitcoin.

The healthcare business said it's buying $17 million more of the digital currency

and preparing to raise $150 million so it can purchase even more. Semler's announcement in late

May that it was purchasing $40 million in Bitcoin sent its stock up 25%. That's it for CoinDest

Daily. Get more updates on CoinDest.com and we'll see you next time.