Digital Asset Holdings, the company behind the Canton Network blockchain used by major financial institutions, is seeking to raise about $300 million at a $2 billion valuation. The funding round, expected to close in the coming weeks, includes participation from a16z crypto and is advised by investment bank FT Partners. Canton Network recently facilitated the first cross-border intraday repo using tokenized U.K. government bonds, highlighting its growing role in financial asset tokenization. This new capital will support further development and adoption of its blockchain infrastructure among global financial firms.
Diraq, a pioneer in silicon-based quantum computing, has appointed Scott A. McGregor, former Broadcom CEO, as Chairman of the Board to support its US expansion and product launch by 2029. McGregor's semiconductor expertise aligns with Diraq's goal to...
The global airline industry faces a $100 billion increase in jet fuel costs due to a Middle East conflict, threatening its post-pandemic recovery. Fuel prices surged over 100% in March, forcing airlines to cut less profitable routes and causing major...
Pfizer reported that its obesity drug berobenatide achieved a 15.9% weight loss in a Phase 2b study without placebo adjustment. The pivotal Phase 3 trial for berobenatide is now open for enrollment, aiming to strengthen Pfizer's position in obesity t...
GE Aerospace announced a collaboration with Wolfspeed to develop high-voltage silicon carbide power modules, aiming to enhance efficiency in aerospace and defense sectors. This partnership aligns with U.S. government priorities to accelerate critical...
Sportradar shares rose sharply after announcing a multi-year global partnership with Kalshi, the world's largest prediction market. This deal expands Sportradar's role as a key data provider across major sports leagues like MLB and NHL, enhancing tra...
