The biotech company's pivot into digital assets marks one of the largest treasury financings to date, underscoring growing institutional demand for tokenized finance. Biotech company Tharimmune has raised $540 million in private funding to launch a crypto treasury strategy and acquire Canton Coin (CC), the native token of the Canton Network. The private offering, among the largest digital asset financings to date, was led by DRW and Liberty City Ventures, with participation from ARK Invest, Polychain Capital, Kraken, and other institutional investors. The round values Tharimmune’s shares at $3.075 each. Tharimmune said the funds will be used to purchase CC tokens, support general operations, and expand its role within the Canton ecosystem. The company also plans to become a Super Validator, operating additional nodes to earn token rewards and strengthen network performance. Read more
Yildiz Entegre Romania, part of the Turkish group of the same name that operates the MDF factory in Oarja, Arges County, posted RON265.4 million (EUR53.3 million) revenue in 2024, 1.9 times lower than the previous year’s RON504.4 million (EUR102 million), ZF has calculated from Finance Ministry data.
Furniture maker Laguna Euromob, based in Vadu Izei, Maramures County, posted RON91 million (EUR18.3 million) revenue in 2024, an increase of 18.4% compared with the previous year’s RON76.8 million (EUR15.5 million), according to ZF calculations based on Finance Ministry data.
Reports showed four security companies conducted 11 audits of Balancer’s smart contracts starting in 2021, but a bad actor was still able to drain millions in staked Ether. Many cryptocurrency traders are seeking answers after a successful exploit at the decentralized exchange and automated market maker Balancer resulted in more than $100 million in digital assets being stolen. In a Monday X post updating users on the exploit, Balancer said the incident was “isolated to V2 Composable Stable Pools and does not impact Balancer V3 or other Balancer pools.” The platform added that it had “undergone extensive auditing by top firms, and had bug bounties running for a long time to incentivize independent auditors,” calling into question how the exploit was accomplished. Read more