1h ago
Winklevoss-backed Cypherpunk shifts focus to cancer drug after $37.8M net loss in H1 2026
Winklevoss-backed Zcash treasury firm Cypherpunk Technologies posted a $37.8 million net loss for the first half of 2026 and said it will pivot its focus to its cancer drug candidate. The company’s ZEC holdings are valued at about $157 million, bought at an average cost of $341.84 versus a current ZEC price of $486. Despite that, Nasdaq traders value the company at roughly $74 million, while the stock is down 40% this year and 96% over the past five years.
1h ago
1h ago
Assetiko deploys 1,524 ounces of tokenized gold on XRP Ledger, building a $3.08 million XRP-based reserve
Tokenized-gold company Assetiko has deployed about 1,524 ounces of physical gold on the XRP Ledger, creating an XRP-based reserve valued at $3.08 million. On-chain tokenization of precious metals has emerged as a notable trend in 2026. Ripple’s XRP Ledger has been expanding this use case since 2024, when Meld Gold issued its first batch of tokenized gold shares. A UK-driven tokenization push tied to the latest plan could reach billions of dollars and materially increase the scale of on-chain assets, the report said.
XRP
XRP-0.06%
1h ago
2h ago
GE Vernova T&D India schedules Sept 9 AGM, confirms ₹10 per-share dividend
GE Vernova T&D India will hold its annual general meeting on Sept. 9 and has confirmed a final dividend of ₹10 per equity share, equivalent to 500% on a ₹2 face value. The company reported a year-on-year increase in total revenue to ₹18,779.8 million for the quarter. Under applicable rules, resident shareholders with dividend income above ₹10,000 and a valid PAN face 10% TDS, while those without a valid PAN are subject to 20%.
2h ago
2h ago
Roger Federer-backed On shares slide to a roughly two-year low after Q2 net sales miss
Swiss sportswear brand On reported second-quarter net revenue of 850.3 million Swiss francs, below market expectations of 878.16 million Swiss francs, sending the stock to a roughly two-year low. The company raised its full-year gross margin outlook to at least 65%. It also adjusted its full-year net sales forecast range at constant currency to 3.47 billion to 3.56 billion Swiss francs. Asia-Pacific sales rose 54.7%, but the overall miss weighed on the shares.
2h ago
2h ago
Tron Inc. routes nearly 90% of assets into uninsured JustLend sTRX as holdings top 709.4 million TRX
Tron Inc.’s latest disclosure shows its balance sheet is heavily concentrated in TRX. As of June 30, the company held $233.8 million of TRX and staked TRX—more than 91% of total assets—with nearly 90% held as sTRX via the JustLend protocol, leaving it directly exposed to protocol risk. The company also continued adding TRX at an average price of $0.3357, bringing cumulative holdings above 709.4 million TRX. Separately, TRON founder Justin Sun is pursuing a U.S. listing via an SRM reverse-merger transaction.
TRX
TRX+0.20%
2h ago
2h ago
Cotton futures slide 60–70 points after USDA raises U.S. acreage to 10.47 million
The USDA’s August Crop Production report raised U.S. cotton planted area by 0.62 million acres to 10.47 million, while trimming the production outlook by 90,000 bales to 13.61 million. Markets focused on the prospect of higher supply, and ICE cotton futures fell 60–70 points on Wednesday, according to the USDA report. The U.S. dollar index edged higher and crude oil prices were little changed. New-crop ending stocks were cut by 100,000 bales to 4 million, while U.S. spot sales totaled 517 bales at an average price of 75.24 cents.
2h ago
2h ago
Corn futures climb 12–13 cents after USDA pegs yield at 180.7 bpa, below expectations
The U.S. Department of Agriculture projected corn yield at 180.7 bushels per acre in its Crop Production and WASDE reports, below market expectations. The agency also raised planted acreage by 1.4 million acres to 96.7 million and harvested acreage by 1.2 million to 88.6 million. Production was estimated at 16.013 billion bushels, up 13 million bushels from the July WASDE figure but nearly 80 million bushels above the market’s average estimate. Corn futures rose 12 to 13 cents by midday, while the national average cash corn price gained 13 cents to $4.2075 per bushel.
2h ago