Abracadabra has implemented emergency interest rate hikes across all its lending markets after its stablecoin, Magic Internet Money (MIM), fell sharply to around $0.50, well below its $1 peg. The protocol aims to encourage borrowers to repay their debts by making borrowing more expensive, which should reduce MIM supply and help restore the peg. Abracadabra has also paused liquidity incentives and is focusing on stabilization rather than growth, while monitoring borrower responses and market liquidity closely. The situation follows broader crypto market weakness and previous security concerns for the protocol, with further recovery plans under review.
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 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...
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...
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...
Vista Gold's Mt Todd project is trading at a significant discount to its net present value, with a 2025 feasibility study reducing initial capital expenditure by 59% to $425 million, making it more financeable for mid-tier buyers. However, the compan...
