Syndicate Labs, backed by Andreessen Horowitz, announced it is shutting down after five years due to a significant shift in the rollup market, causing the SYND token to drop to a new all-time low of $0.01061. The company raised $20 million in 2021 but cited that EVM rollups are no longer the market standard, making continuation unfeasible. Syndicate Labs clarified the shutdown is unrelated to a recent token exploit, which was fully reimbursed. The Syndicate Network Collective, which holds governance and tokens, remains operational and open to a successor, while the codebase will stay open source regardless of future developments.
Hamilton Lane reported a fourth-quarter EPS of $1.49, surpassing estimates for the fourth consecutive quarter, though its revenue of $193.56 million fell short of projections. For fiscal year 2026, the firm showed solid growth with assets rising 9% t...
Inventiva, a biopharmaceutical company developing oral therapy for metabolic dysfunction-associated steatohepatitis (MASH), announced its CEO Andrew Obenshain will present at the 2026 Jefferies Global Healthcare Conference in New York on June 3. The ...
LiquidStack, a Trane Technologies company, has commercially launched its GigaModular™ CDU platform designed for high-density AI data centers. The platform offers flexible, scalable liquid cooling capacity up to 14 MW, enabling operators to expand coo...
Electrolux Group has announced a fully underwritten rights issue of approximately SEK 9.06 billion, subject to approval at an Extraordinary General Meeting on May 27, 2026. The proceeds will finance growth initiatives, including a strategic partnersh...
XRP has experienced renewed volatility this week, trading between $1.35 and $1.55, driven by speculation around ETF activity and institutional interest, including mentions of Goldman Sachs. Regulatory progress with the U.S. CLARITY Act has added opti...
