Scilex Holding Company announced a binding term sheet with Kazakhstan-based iHolding Group LLP for a $100 million investment, purchasing about 6.67 million shares at $15 each. This funding aims to support Scilex's strategic growth in healthcare, product development, acquisitions, and operations. The deal awaits due diligence, approvals, and regulatory clearance. The investment highlights growing international interest in Scilex's non-opioid pain management products and innovative therapies pipeline, aligning with iHolding's vision to develop Kazakhstan as a regional pharmaceutical hub.
Greg Abel, Warren Buffett's successor at Berkshire Hathaway, reduced the company's investment in Bank of America by $1.7 billion. At the same time, he increased the stake in Delta Air Lines by $1.6 billion. This shift in portfolio allocation highligh...
Volante Technologies offers a platform connecting banks to multiple payment systems, including Ripple's XRP and the Federal Reserve's FedNow instant payment system. While XRP settlement is technically possible through Volante, the Federal Reserve has...
Circle Internet Group's stock surged about 30% after a 42% drop, driven by USDC stablecoin's 19% annual growth to around $73 billion in circulation. Despite missing Q2 reserve income expectations with $701.3 million, optimism returned due to Bitcoin'...
Michael Saylor, Executive Chairman of Strategy Inc., highlights bitcoin's core innovation as its ability to convert economic energy into digitally controlled value across individuals, companies, machines, and nations. This concept frames bitcoin as a...
Solana's price is holding near the $95 Fibonacci level and faces resistance around $100, with predictions targeting a recovery to $114-$116. The network leads in tokenized-stock DeFi deposits with $75.4 million, representing 64.5% of the market track...
