Bitcoin layer-2 project Botanix is shutting down a year after its mainnet launch due to lack of user interest and unfavorable market conditions. Despite raising $14.4 million, its total value locked was only about $119,500 at closure, reflecting weak adoption. Botanix aimed to bring Ethereum-like smart contract functionality to Bitcoin but found that users currently prefer simpler wrapped Bitcoin solutions on other networks. This closure highlights challenges in expanding Bitcoin's utility beyond a store of value during a prolonged crypto market downturn, with industry experts predicting further consolidation in the sector.
Grail's stock surged 55% in one week following a positive FDA advisory committee vote on its Galleri multi-cancer early detection test, which was deemed safe and beneficial. Analyst Kyle Mikson raised the price target from $80 to $150, reflecting str...
Roblox stock fell 6% following Jefferies' downgrade to Underperform and a price target cut to $38, citing concerns over overly optimistic bookings outlook and slower user growth in the US and Canada. This downgrade contrasts with steady performance i...
Geely Holding Group has acquired a 30% stake in Nio Power, the battery swapping and charging unit of Nio, valuing the business at about RMB16 billion. This investment marks a significant external validation of Nio's battery swapping network, a key as...
CoreWeave reported strong Q2 results with significant scale and margin improvements, supported by a $104.2 billion backlog driven by demand from hyperscalers exceeding supply. The company raised its 2026 revenue guidance to $12.4–$13.2 billion, expec...
Tiziana Life Sciences has dosed the first three patients in a Phase 2a trial testing foralumab, a nasal spray antibody, for treating early-stage ALS. The Healey ALS MyMatch BANYAN trial will enroll 44 patients to evaluate safety, tolerability, and im...
