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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]
CZ鈥檚 Family Office Unveils $1 Billion Builder Fund for BNB Chain
Yahoo Finance 2025-10-09 00:17
Core Insights - YZi Labs, formerly Binance Labs, has launched a $1 billion builder fund to promote long-term growth on BNB Chain, targeting areas such as trading, real-world assets, artificial intelligence, decentralized science, and DeFi [1][6] - The fund aims to enhance the BNB ecosystem by providing capital and support to founders, facilitating innovation and integration for newcomers [6][5] Expanding the Builder Base - The fund will focus on projects developing infrastructure and applications on BNB Chain, including trading systems, AI tools, wallet solutions, payments, decentralized science, and real-world asset tokenization [2] - YZi Labs is offering direct access to the BNB core team, technical guidance, deployment assistance, and other resources to streamline the onboarding process for new teams [2] Combining Incubation Powerhouses - YZi's EASY Residency incubator will merge with BNB Chain's Most Valuable Builder accelerator program, starting in October, providing selected teams with up to $500,000 in funding, operational support, and tailored mentorship [3] - This merger aims to create a more powerful pipeline for identifying and nurturing high-potential projects within the ecosystem [3] Market Activity and Strategic Timing - The announcement coincides with a surge in activity on BNB Chain, with daily transactions exceeding 26 million, the highest since December 2023, and BNB's token reaching all-time highs [4][5] - The timing of the fund indicates a strategic effort to leverage this momentum for ecosystem growth [5] Strategic Intent Behind the Funding - YZi Labs is prioritizing direct support for builders to foster innovation within the BNB ecosystem and enhance its appeal as a development environment [6] - The fund is designed to lower barriers for newcomers, facilitating faster and more effective integration into BNB's infrastructure [6] Execution Challenges - Deploying a significant amount of capital across various sectors presents challenges, requiring rigorous selection, oversight, and risk management to ensure impactful and sustainable funding [7] - Effective coordination of incubation programs, technical integration, and funding flows will be essential for the fund to realize its full potential [7]
X @Solana
Solana 2025-10-08 18:41
The next scientific breakthroughs will come from open research, labs, and onchain financing.Follow @DeSciNews to track the decentralized science movement on Solana 馃鈥嶐煍珼eSci News (@DeSciNews):Introducing @DeSciNewsYour front row seat for news, research, and breakthroughs in the rapidly growing industry of Decentralized Science.Here鈥檚 what鈥檚 next 馃У https://t.co/voVgqLSWG1 ...
X @BSCN
BSCN 2025-09-19 00:10
RT BSCN (@BSCNews)馃摚 NEW PROJECT ADDED: $BIO PROTOCOL@BioProtocol, an innovator in the decentralized science (DeSci) sector has been added to our roster of crypto's most interesting projects. Discover now 猬囷笍https://t.co/xpeXndL7dA ...
X @BSCN
BSCN 2025-09-18 17:10
Project Introduction - $BIO Protocol, a DeSci innovator, joins the list of interesting crypto projects [1] Platform Announcement - BSC News (@BSCNews) announces the addition of $BIO Protocol to its project roster [1]
X @BSCN
BSCN 2025-09-18 13:11
Project Introduction - Bio Protocol, a DeSci innovator, has been added to the list of interesting crypto projects [1] Industry Focus - The project focuses on the decentralized science (DeSci) sector [1]
X @BSCN
BSCN 2025-09-18 10:09
馃摚 NEW PROJECT ADDED: $BIO PROTOCOL@BioProtocol, an innovator in the decentralized science (DeSci) sector has been added to our roster of crypto's most interesting projects. Discover now 猬囷笍https://t.co/xpeXndL7dA ...
X @Solana
Solana 2025-08-04 23:11
Decentralized Science (DeSci) on Solana - Solana is positioned as the platform for decentralized, open-source scientific research [1] - The research data will be globally accessible, permissionless, and verifiable on-chain [1] - A real community supports this initiative [1] Key Features - The future of decentralized science is happening on Solana [1]
X @Solana
Solana 2025-08-04 20:58
Decentralized Science (DeSci) Ecosystem - Solana's DeSci space is highlighted as a future trend [1] - Three BioProtocol ecosystem projects are recognized: endrarediseases, pumpdotscience, and Molecule_dao [1]