Traditional Finance Alert: PYPL Surges Over 8%

Pharma Company Transforms into Stablecoin Operator: NovaBay Borrows $134 Million to Accumulate Nearly 9% of Sky's Circulating Supply, Stock Surges 20%

US pharmaceutical company NovaBay announced it is abandoning its biotech business to transform into a stablecoin and DeFi development company, rebranding as Stablecoin Development Corporation. Through $134 million in funding, the company holds tokens of the Sky protocol, yet its market cap is only $35 million, a radical transformation that has sparked external skepticism about the viability of its business model.

U.S.-Iran War Pause News Caught in Conflicting Reports! Bitcoin Surges Back to $70K, But Analysts Warn of Bull Trap

The United States announced a pause on military strikes against Iran, causing Bitcoin to briefly break through $70,000. Analysts warn that this rally could be a bull trap, predicting Bitcoin may retest $46,000. Market sentiment remains subdued due to geopolitical risks and persistent inflation. Trump faces challenges from Iran and dollar-denominated oil prices amid internal pressure.

US Stock Market Close: Crypto Sector Rallies Collectively, Strategy Up 1.87% Leading Gains

On March 24, U.S. stock market closed with the Dow Jones up 1.38%, S&P 500 up 1.15%, and Nasdaq up 1.38%. The crypto sector rose overall, with Strategy and Bitmine performing notably. msx.com is a decentralized RWA trading platform that has launched multiple U.S. stock and ETF tokens.

LIGHT (heaven) up 28.83% in 24 hours, market cap approximately 15.5177 million USD

Gate News reported that on March 24th, according to Gate's market data, as of press time, LIGHT (heaven) is trading at $0.3604, up 28.83% in the past 24 hours, with a high of $0.3929 and a low of $0.2498. The 24-hour trading volume reached $5.3691 million. The current market cap is approximately $15.5177 million. Bitlight Labs is a Bitcoin and Lightning Network infrastructure company and a major contributor to the RGB protocol. As a member of the LNP/BP Association, the company is dedicated to enabling native smart contracts and stablecoin transactions on Bitcoin and the Lightning Network.

TAO (Bittensor) has increased by 12.80% in the past 24 hours, now trading at $299.50

Gate News Update: On March 24, according to Gate market data, as of press time, TAO (Bittensor) is trading at $299.50, up 12.80% in the past 24 hours, with a high of $301.70 and a low of $264.20. The 24-hour trading volume reached $8.3755 million. The current market cap is approximately $2.874 billion. Bittensor is an open-source protocol that powers a decentralized, blockchain-based machine learning network. Machine learning models are trained collaboratively and rewarded in TAO based on the informational value they provide to the collective. TAO also enables external access, allowing users to extract information from the network and adjust network activity according to their needs.

7 rose 4250.42% after Alpha launch, current price 0.0024357 USDT

Gate News bot message: Gate market data shows that since Alpha went live, 7 has surged 4250.42%, with the current price at 0.0024357 USDT.