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Wellgistics stock's 200% rally on blockchain update is more hype than substance
Invezz· 2025-10-24 15:14
Core Insights - Wellgistics Health Inc (NASDAQ: WGRX) experienced a significant increase in stock price, more than tripling, following the announcement of a non-binding letter of intent with Datavault AI Inc. (NASDAQ: DVLT) [1] - The initiative, named "PharmacyChain," aims to enhance pharmacy operations through advanced technology solutions [1] Company Summary - Wellgistics Health Inc is actively pursuing strategic partnerships to innovate in the pharmacy sector [1] - Datavault AI Inc. is collaborating with Wellgistics to leverage AI technology for improving pharmacy services [1] Industry Implications - The partnership between Wellgistics and Datavault AI highlights a growing trend in the healthcare industry towards integrating AI and technology in pharmacy operations [1] - This initiative may set a precedent for other companies in the healthcare sector to explore similar technological advancements [1]
X @Cointelegraph
Cointelegraph· 2025-10-24 15:05
🌊 LATEST: @electroneum and One Ocean Foundation are teaming up to protect the marine ecosystem, using blockchain to fund and track real-world conservation.Environment + Blockchain, is it the next trend?[Brought to you by @electroneum] https://t.co/fbwzMKdJ1F ...
X @Cointelegraph
Cointelegraph· 2025-10-24 14:29
🇬🇧 EXCLUSIVE: Cointelegraph Research partners with the @univofstandrews Blockchain Society to expand Web3 education across the UK. https://t.co/GM6PU2LzSp ...
X @XQ
XQ· 2025-10-24 14:21
Market Trends & Dynamics - Meme coins' popularity shifts across blockchains, driven by financial resources, with ETH fostering developers and SOL promoting ICM, BLV, AI Tokens, RWA, and Pay to build its ecosystem [1] - Blockchain development is a long-term process requiring observation to identify entry points [1] - The crypto market experiences cycles driven by human interaction and innovation, with both new and old concepts evolving [1] Investment Opportunities & Risks - Major crypto market trends originate from underlying technological changes and external incremental expectations [1] - Profit generation stems from information asymmetry and bearing uncertainty [1] - X402 is considered a reasonable benchmark due to external incremental expectations from technological changes [1]
Nasdaq Surges 1%; Procter & Gamble Posts Upbeat Earnings
Benzinga· 2025-10-24 14:09
Market Overview - U.S. stocks experienced an upward trend, with the Nasdaq Composite increasing by 1% on Friday [1] - The Dow Jones rose by 0.80% to 47,108.01, while the S&P 500 gained 0.83% to 6,794.12 [1] - Information technology shares saw a notable increase of 1.3%, while materials stocks declined by 0.3% [1] Company Performance - Procter & Gamble Co. reported better-than-expected earnings per share (EPS) of $1.99 for Q3, a 3% increase year-over-year, surpassing the analyst consensus of $1.90 [2] - The company's quarterly sales reached $22.386 billion, exceeding the expected $22.175 billion [2] - Procter & Gamble raised its fiscal 2026 adjusted EPS guidance to a range of $6.83-$7.10, compared to the previous range of $6.83-$7.09 and above the analyst estimate of $6.97 [3] - The sales outlook for fiscal 2026 was adjusted to $85.127 billion-$88.498 billion, slightly up from the previous range and below the expected $86.919 billion [3] Stock Movements - Wellgistics Health, Inc. shares surged by 183% to $1.17 following a non-binding letter of intent with Datavault AI Inc. [8] - Genenta Science S.p.A. saw its shares increase by 145% to $7.93 due to an expanded collaboration with ANEMOCYTE [8] - Neuphoria Therapeutics Inc. shares rose by 89% to $7.61 after a significant share purchase by a shareholder [8] - Conversely, Picard Medical, Inc. shares dropped by 72% to $3.67, and MultiSensor AI Holdings, Inc. shares fell by 46% to $0.7304 after announcing a private placement [8] Economic Indicators - The S&P Global services PMI increased to 55.2 in October from 54.2 in September, surpassing market expectations of 53.5 [11] - The S&P Global manufacturing PMI rose to 52.2 in October from 52.0, exceeding estimates of 52.0 [11] - The S&P Global composite PMI jumped to 54.8 in October from 53.9 in September [11]
WiMi Researches a Blockchain Privacy Protection System Based on Post-Quantum Threshold Algorithm
Prnewswire· 2025-10-24 13:40
The core of blockchain is its chain-like data structure, where each block contains three components: transaction data, a timestamp, and the hash of the previous block. This design ensures data integrity and immutability because any modification to the data would change its hash, thereby breaking the continuity of the chain. In blockchain, asymmetric encryption algorithms (such as RSA and ECC) are widely used for data encryption and digital signatures. These algorithms are based on complex mathematical probl ...
From Cold Storage to Everyday Payments: The Next Step for Crypto Wallets
Cointelegraph· 2025-10-24 12:56
[Music] We will expand the payments stable coin payments with our uh payment gateway is payment gateway connects the blockchain and the whole system will be uh crypton native current fee charged to the merchants is about 3 to 5% to every payment. If we use a blockchain stable co and payment system their fee will be less 1%. And the set time will be instant compared we have uh provided the air gap hardware wallets which is the level of security.So the air gap isolates the data the user control the data inter ...
Hyper Bit Announces Closing of Convertible Debenture Financing
Newsfile· 2025-10-24 12:30
Core Points - Hyper Bit Technologies Ltd. has successfully closed a non-brokered private placement of unsecured convertible debentures totaling $512,450.77, receiving gross proceeds of $435,583.15 after a 15% original issue discount [1][2]. Group 1: Financial Details - The debentures are non-interest bearing and will mature three months from the issuance date, with the option for conversion into units at a price of $0.30 per unit [2]. - Each unit consists of one common share and one warrant, with each warrant allowing the purchase of one common share at $0.40 for a period of 36 months [3]. - The company paid a finder fee of $4,462.50 in connection with the offering [4]. Group 2: Use of Proceeds - Proceeds from the offering will be used to order up to 75 ElphaPex DG2 miners and for general working capital purposes [5]. Group 3: Company Strategy - The financing is aimed at strengthening the company's financial position as it prepares to acquire Dogecoin Mining Technologies and transition into active mining operations [4]. - The company is focused on preparing infrastructure and securing next-generation mining equipment to scale operations efficiently [4]. Group 4: Company Overview - Hyper Bit Technologies Ltd. specializes in crypto mining operations and blockchain innovations, aiming to unlock value in the crypto ecosystem amid rising global interest in digital assets [7]. - The company is a member of the Blockchain Association of Canada and the American Blockchain & Cryptocurrency Association [7].
Datavault AI's Swiss Exchange Is Reshaping Its Future
MarketBeat· 2025-10-24 12:14
Core Viewpoint - Datavault AI has experienced a significant stock price increase of over 500% in the last 30 days, attracting attention from growth-focused investors [1][2] Group 1: Strategic Developments - The company announced a strategic partnership to launch a digital asset exchange in Switzerland, targeting the Real-World Assets (RWAs) market, projected to exceed $16 trillion by 2030 [3][4] - By collaborating with Swiss corporate advisory firm Max International AG, Datavault AI aims to leverage Switzerland's advanced legal framework for digital assets and Distributed Ledger Technology (DLT), addressing regulatory uncertainties [5] Group 2: Technology and Acquisitions - Datavault AI signed a Letter of Intent to acquire NYIAX, which owns a blockchain-powered trading platform, enhancing its technological capabilities [7][8] - This acquisition allows Datavault AI to bypass the lengthy process of building an exchange from scratch, providing a robust technology engine that meets institutional client demands [8][9] Group 3: Financial Projections - The company has set aggressive revenue guidance for the second half of 2025, projecting between $12 million and $15 million, indicating a significant growth from the $1.74 million reported in the second quarter [10][11] - The current market capitalization of Datavault AI is approximately $473 million, with analysts projecting a price target of $7.00, suggesting substantial upside potential if the company executes its strategic plan [14][15] Group 4: Market Sentiment - The stock's price-to-sales ratio exceeds 177, reflecting high market expectations based on future revenue potential rather than past performance [16] - A notable high short interest in the stock indicates skepticism but also presents a potential bullish catalyst, as successful execution could lead to a short squeeze, driving the stock price higher [17][18]
BitFuFu Announces Sponsorship of Blockchain Life 2025 in Dubai
Globenewswire· 2025-10-24 12:00
Core Insights - BitFuFu Inc. is sponsoring Blockchain Life 2025, a major event for cryptocurrencies and blockchain technologies, scheduled for October 28-29, 2025, in Dubai, UAE [1][2]. Company Overview - BitFuFu Inc. is recognized as a leading Bitcoin miner and innovator in mining services, focusing on empowering the global Bitcoin network through its cloud mining platform and rapidly expanding data center infrastructure [5]. Event Participation - The company will showcase its global infrastructure and one-stop mining platform, including cloud mining services, at Booth P32 during the Blockchain Life 2025 event [3]. - The event is expected to attract over 15,000 attendees from more than 130 countries, highlighting cutting-edge projects and technologies in the blockchain space [2]. Leadership Statement - Leo Lu, Chairman and CEO of BitFuFu, expressed excitement about the sponsorship, emphasizing the opportunity to connect with global leaders in Bitcoin and blockchain innovation [3].