Allbridge Core paused its cross-chain stablecoin protocol following a security breach on Solana, where an attacker exploited the USDC/USDT liquidity pool using a $1.12 million USDC flash loan to manipulate pool rates and withdraw about $1.65 million. The protocol urged liquidity providers to withdraw funds while investigations continue, with stolen assets moved from Solana to Ethereum. This incident follows a previous Allbridge exploit in 2023 and highlights ongoing risks in cross-chain security. No reopening date has been announced yet.
Roivant Sciences saw its price target raised to $52 by Jefferies, reflecting a 24.7% potential gain, following positive Phase 2 trial results for mosliciguat, a drug treating pulmonary hypertension linked to interstitial lung disease. The trial showe...
EVI Industries reported Q4 revenue of $121.87 million, surpassing analyst expectations of $117.1 million, and achieved a record fiscal year revenue of $446.6 million, marking a 15% increase year-over-year. The company met earnings per share forecasts...
Lakeland Industries continues to face profitability challenges with a projected negative EPS of -$0.06 and recent unprofitability. However, the company secured important contracts with the Hong Kong Government Flying Service and Airports of Thailand,...
Apple has acquired Sonera, a company specializing in non-invasive neural signal sensors that can measure brain activity for applications like muscle monitoring and thought control of devices. This technology could enable thought-controlled Apple prod...
RUM Group's stock surged 33% in the past month, driven by its expansion into AI infrastructure through the acquisition of Northern Data and strong Q2 revenue growth of 61% year-over-year to $40.4 million. The company now operates both a video platfor...
