Magic Internet Money (MIM), a stablecoin from DeFi protocol Abracadabra.money, fell to about $0.50, half its intended $1 peg, triggering a crisis. To combat this, Abracadabra raised interest rates across all lending vaults (Cauldrons) to pressure borrowers into repaying and reducing MIM supply. Previous attempts to stabilize MIM, including liquidity injections and token incentives, failed to restore the peg. The ongoing depeg risks liquidity imbalances in pools where MIM is paired with other stablecoins, potentially impacting liquidity providers and borrowers alike. Abracadabra has paused growth incentives to focus on restoring MIM’s peg.
The global therapeutic apheresis market, valued at $3.84 billion in 2025, is projected to grow to $8.94 billion by 2035 at a 7.9% CAGR. Growth is fueled by rising chronic and autoimmune diseases, advances in automated apheresis technology, and expand...
Aduro Clean Technologies completed a private placement raising C$9.16 million by selling 431,884 shares at C$21.20 each. The funds will support technology development, marketing activities, working capital, and general corporate needs. The offering w...
Aduro Clean Technologies completed a private placement raising approximately C$9.16 million by selling 431,884 common shares at C$21.20 each. The funds will support technology development, marketing, working capital, and general corporate purposes. T...
Mesoblast Limited has drawn $50 million from a new five-year loan facility provided by a shareholder, replacing higher-cost short-term debt. This move strengthens Mesoblast's balance sheet by lowering interest costs and removing short-term obligation...
HUTCHMED announced positive Phase II trial results for fanregratinib in treating advanced intrahepatic cholangiocarcinoma (ICC) with FGFR2 fusion/rearrangement. The study showed a 42.5% objective response rate and median overall survival of 16.6 mont...
