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Silo Pharma Issues Update on Milestone Achievements in PTSD Drug Development and New Digital Assets Treasury Program
Globenewswire· 2025-10-23 12:45
Core Insights - Silo Pharma is preparing to submit an investigational new drug (IND) application for its lead candidate SPC-15, aimed at treating PTSD and stress-induced anxiety, with preparations expected to commence before year-end 2025 [1][2][8] - The company has launched a digital assets treasury strategy to enhance capital resources and participate in cryptocurrency growth, combining staking for yield with a hedged overlay to mitigate volatility [2][4] Biopharmaceutical Platform - SPC-15 is advancing through final preparations for the IND submission, with positive results from a large animal safety study supporting its formulation [4][5] - The company is finalizing a drug-device study for the microchip-based nasal spray system used in SPC-15 delivery and has completed a GLP-compliant toxicology study, with data expected in early 2026 [5][8] - Silo is expanding its global intellectual property portfolio for SPC-15 technology, securing patents in the U.S., Australia, and Japan [5] Digital Assets Treasury - Initial cryptocurrency purchases have been made in Bitcoin, Ethereum, Solana, and ResearchCoin, with a focus on multi-chain digital asset growth and DeFi integration [5][6] - A new Crypto Advisory Board has been formed to enhance support for cryptocurrency audit and compliance, with additional members expected to join soon [5][6] - The company has engaged Fireblocks for secure institutional-grade infrastructure and custody technology services for its crypto treasury platform [5][6] Future Outlook - Significant milestones are anticipated in both drug development and digital asset purchases, positioning Silo to capitalize on emerging opportunities [6] - The company plans to pursue additional therapeutic indications for SPC-15 and secure the FDA's 505(b)(2) accelerated regulatory pathway for clinical development [8]
OFAL Board Approves Share Repurchase Program of up to $2 Million
Globenewswire· 2025-10-23 12:00
Group 1 - The Company has announced a share repurchase program authorizing the buyback of up to $2 million of its outstanding shares from the open market [1] - The Board believes the program reflects confidence in the Company's long-term business outlook and financial strength, as well as a commitment to enhancing shareholder value [2] - The Company may modify, suspend, or terminate the program at its discretion based on market and business conditions [2] Group 2 - OFAL is a technology-driven real estate and architectural-innovation company that integrates design, AI, asset management, and digital finance into a unified ecosystem [3] - The Company aims to redefine how physical and digital assets coexist in the new era of intelligent construction and decentralized finance through strategic acquisitions and proprietary platform development [3]
X @wale.moca 🐳
wale.moca 🐳· 2025-10-23 10:25
Overview - Jupiter is dominating the game on Solana and expects even better results in Q4 [1] - Jupiter aims to be the primary conduit for mass access to the global unified market via decentralized finance [1] Financial Performance - Jupiter generated $46 million USD in revenue [2] Platform & Protocol - Jupiter is positioned as the most comprehensive DeFi platform [2] - Jupiter's lending protocol is one of the fastest-growing protocols on Solana [2] - Jupiter is developing new features including a stablecoin, prediction market, and launch platform [1]
/C O R R E C T I O N -- GGBR Inc./
Prnewswire· 2025-10-22 22:51
Core Insights - GGBR Inc. has officially launched the Goldfish gold-backed stablecoin, which aims to provide liquidity, physical redemption options, and real-time price stability through proof-of-reserve oracles [1][3] Company Overview - GGBR Inc. is a Wyoming-based digital assets company focused on launching the Goldfish gold-backed stablecoin, designed for stability, transparency, and accessibility [5] - The company aims to democratize access to gold as an asset class, leveraging technology for micro-fractional ownership and seamless liquidity for global investors [5] Product Details - Each Goldfish token (GGBR) is backed by 1/1000th of a troy ounce of LBMA-priced gold, with a collateral coverage ratio of 5:1 through ION's gold-backed assets [2] - The Goldfish platform allows users to buy, hold, and redeem tokenized gold, featuring real-time proof-of-collateral verification [3] Strategic Partnerships and Future Plans - The launch follows a strategic partnership with I-ON Digital Corp., a leader in real-world asset digitization and gold-backed digital securities [1][2] - Future plans for Goldfish include expanding multi-chain interoperability, integrating with leading DeFi platforms, and increasing market exposure through listings on various centralized exchanges [4]
3 SPACs Hit New 52-Week Highs: Are Any Worth Owning?
Yahoo Finance· 2025-10-22 17:48
Core Viewpoint - The article discusses the performance and structure of various SPACs, particularly focusing on American Exceptionalism Acquisition Corp. (AEXA) and its sponsor Chamath Palihapitiya, highlighting the potential for significant returns while also addressing structural issues within SPACs [1][4][12]. SPAC Performance - AEXA reached a new 52-week high of $11.91, which is 19.1% higher than its $10 offering price, starting trading on September 26 [3][5]. - A total of 68 stocks hit new 52-week highs on the NYSE, while 20 hit new lows; on Nasdaq, 187 stocks reached new highs and 73 new lows [5]. - The Dow Jones Industrial Average gained 218 points, reaching a record high of 46,924.74, driven by strong quarterly results from companies like 3M, Coca-Cola, and General Motors [5]. SPAC Structure and Investor Returns - Palihapitiya's AEXA has no warrants attached, and his compensation only vests if shares appreciate by 50% post-combination, which are seen as positive changes [6][9]. - The Class B founders' shares in AEXA convert to Class A common shares based on specific price thresholds, with the first vesting price at $15 for 20 consecutive days [10]. - If an investor bought 100 Class A shares at $10 and the shares hit $20, the return on investment would be 100% over 18 months, equating to an annualized return of 66.7% [11]. Comparison with Other SPACs - Pyrophyte Acquisition Corp. II (PAII) reached a new 52-week high of $10.27, slightly above its $10 offering price, and has a 24-month deadline to complete a business combination [13][17]. - Rithm Acquisition Corp. (RAC) went public on February 26, 2025, and hit a new 52-week high of $10.40, with a focus on financial services and real estate for potential mergers [19][22]. - The sponsors of RAC have seen a return on investment of 1,018.7% based on current share prices, indicating significant potential despite previous underperformance of associated companies [23].
Storj Crypto Acquired in Major Decentralized Data Merger: What It Means for STORJ Tokenholders
Yahoo Finance· 2025-10-22 15:29
Core Insights - The acquisition of Storj by Inveniam Capital Partners is a significant development that could transform the Web3 cloud services and decentralized data management landscape [1][2] Company Overview - Storj will operate as an independent subsidiary post-acquisition, maintaining its leadership, employees, and customer relationships [3] - Colby Winegar will continue as CEO, and Ben Golub will join Inveniam's board of directors [3] Token and Ecosystem Impact - The utility, liquidity, and exchange listings of the STORJ token will remain unchanged, continuing to serve as the unit of exchange for bandwidth and storage within the Storj ecosystem [4] - Payments to node operators and community incentives will also remain unaffected [4] Strategic Rationale - Inveniam's acquisition aims to strengthen the connection between blockchain infrastructure and decentralized finance, with Storj's technology being a crucial component [5] - The integration is expected to accelerate Storj's growth, expanding its global presence and creating new use cases in AI, tokenized real-world assets, and enterprise cloud infrastructure [5] Technological Integration - Storj's technology will be integrated into Inveniam's decentralized operating system for private market assets, enhancing transparency, data access, and performance validation [6] Market Outlook - With Inveniam's financial support, analysts predict that Storj will scale more rapidly, potentially attracting renewed institutional interest in the STORJ token [7]
X @BitMart
BitMart· 2025-10-22 13:53
Event Participation - BitMart's Global CEO, Nenter Chow, will attend Blockchain Life 2025 in Dubai, October 28-29 [1] - BitMart offers a 10% discount on tickets using the code "bitmart" [2] Panel Discussion - Nenter Chow (BitMart), Vivien Lin (BingX), Vugar Usi Zade & Elena Gonta (Bitget), and Stephan Lutz (BitMEX) will participate in a panel discussion on the convergence of centralized and decentralized finance [2] - The panel discussion will take place on the Uminers Stage [2]
X @Solana
Solana· 2025-10-22 13:32
RT CUBE (@cubexch)We're excited to announce that Cube Group has entered into a definitive business combination agreement with Mercer Park Opportunities Corp. (TSX: SPAC.U). This transaction values Cube at $300 million and positions the combined entity to lead in bridging traditional finance and decentralized finance, supported by a planned $500 million treasury acquisition of Solana (SOL) tokens for enhanced liquidity and yield generation.Read the full press release here: https://t.co/P5vlkygkG8 ...
Real Estate Tokenization Firm Propy Eyes $100M U.S. Expansion to Modernize Title Industry
Yahoo Finance· 2025-10-22 13:03
Core Insights - Propy plans a $100 million expansion to acquire mid-size property title firms in the U.S. to enhance efficiency in a manual-heavy industry using blockchain and AI [1][2] - The company aims to achieve a billion-dollar valuation as a tech firm through these acquisitions [1] - Propy has processed $4 billion in digital real estate transactions, leveraging AI to automate processes [4] Industry Overview - The real estate tokenization market is valued at $25 billion and is predominantly paper-based, with nearly 7,000 firms involved, many being small businesses [3] - Title firms are responsible for verifying property ownership, issuing title insurance, and managing legal ownership transfers during transactions [2] Technological Innovations - Propy's AI escrow agent, Agent Avery, is designed to reduce inefficiencies in escrow processes, potentially saving 40% of the workload for agents [5] - The company is integrating blockchain technology and AI to streamline operations, reduce fraud, and expedite transaction closing times [4] Strategic Developments - Propy has engaged a mix of traditional and onchain lenders, including decentralized finance platform Morpho, to fund its M&A activities [1] - The advisory board has been strengthened with the addition of notable figures, including former U.S. Treasury official Chris Campbell and ex-SEC Commissioner Michael Piwowar [6]