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NovaBay pivots from pharma to crypto, rebrands as Stablecoin Development Corp with $134M funding.

Market News
23 Mar 2026
Crypto Economy
View Source
Bullish
pluang ai news

NovaBay Pharmaceuticals has rebranded as Stablecoin Development Corporation after securing $134 million in private investment to shift focus from biotechnology to decentralized finance (DeFi). The company now holds about 8.78% of the SKY token supply, valued at roughly $147 million, and is actively engaging in staking to generate additional tokens. This strategic pivot positions the firm as a significant player in the Sky protocol's governance and the broader DeFi ecosystem, marking a major corporate transformation. Despite recent token price dips, the company remains committed to its long-term vision in blockchain infrastructure.

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Sodexo wins major global catering contract with Meta for 130+ sites in 30+ countries

Sodexo wins major global catering contract with Meta for 130+ sites in 30+ countries

Sodexo has secured a major global contract to provide catering services across more than 130 Meta sites in over 30 countries. This large-scale partnership includes diverse locations such as headquarters, campuses, data centers, and conference centers...

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Gnosis nears market cap flip of BONK but may face pullback before topping 100th spot.

Gnosis nears market cap flip of BONK but may face pullback before topping 100th spot.

Gnosis (GNO) surged 13% in 24 hours, closing in on overtaking BONK by market capitalization to reach the 100th largest token spot. GNO's market cap stands at $303.88 million versus BONK's $330.07 million, requiring a price rise to about $125.48 for t...

Technical Signals
Neutral
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Tokenization seen as strategic priority with firms investing in hybrid digital-traditional asset markets.

Tokenization seen as strategic priority with firms investing in hybrid digital-traditional asset markets.

Broadridge's Tokenization Pulse Survey shows 84% of firms view tokenization as strategically important, with 68% expecting it to reshape markets within 3-5 years. Most firms plan to integrate tokenization into existing infrastructure rather than buil...

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Standard Chartered partners with Broadcom to build a secure private cloud for global banking services.

Standard Chartered partners with Broadcom to build a secure private cloud for global banking services.

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Nalunaq mine drilling confirms high-grade gold, boosting near-term production confidence.

Nalunaq mine drilling confirms high-grade gold, boosting near-term production confidence.

Amaroq Ltd. reported strong underground drilling results at the Nalunaq Gold Mine in Greenland, with high-grade gold intersections averaging 42.8 g/t Au, including some assays above 130 g/t Au. These results reinforce confidence in the mine's near- a...

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