SPACE ID has launched its first TON-based domain name service on DuckChain, enhancing digital identity for users within the TON ecosystem. This integration allows for seamless asset transfers using user-friendly domain names, improving security and user experience. Additionally, it marks the first use of $TON for domain pricing, supporting broader interoperability across blockchains.
The Dow Jones Industrial Average attempted to recover from a significant 1,100-point drop, gaining 0.4% after a 2.6% decline. Micron's shares plummeted 17% following disappointing earnings guidance, while Nvidia rebounded 2.4% after five days of losses. Economic indicators showed a surprising 3.1% GDP growth and lower jobless claims, but market volatility persisted.
Sandoz has reached a $275 million settlement with the end-payer plaintiffs' class in the U.S. Generic Drug Antitrust Class Action litigation, resolving claims related to alleged anticompetitive conduct from 2009 to 2019. This agreement, which includes no admission of wrongdoing, is subject to court approval and follows previous settlements with the U.S. Department of Justice and direct purchaser plaintiffs. Additionally, Sandoz has set aside $265 million for outstanding claims from opt-out plaintiffs and state attorneys general.
Boost VC has invested in PoSciDonDAO, integrating it into their Go-To-Market Program to enhance decentralized scientific research. This partnership aims to promote equity and inclusivity in science through blockchain technology, providing mentorship, market insights, and networking opportunities. PoSciDonDAO focuses on democratizing personalized medicine research by ensuring transparent resource allocation.
BlackRock's ETF has made a historic purchase of the first municipal bond issued via blockchain, acquired from Franklin Township, Ohio, utilizing the Provenance Blockchain platform. This initiative highlights blockchain's potential to enhance efficiency, transparency, and reduce costs in bond issuance, aligning with BlackRock's vision for digital finance. The bond will fund significant infrastructure projects, showcasing the asset manager's commitment to integrating traditional finance with emerging technologies.
Analyst Ali Martinez is bullish on XRP, predicting a potential 57% surge to $4 if it surpasses the $2.60 resistance level, currently trading at $2.55. He also notes that long-term Bitcoin holders are reducing positions, suggesting a possible market top, with Bitcoin at $104,919. Meanwhile, Ethereum, trading at $3,866, may be poised for a significant rally as long-term holders enter the belief phase.
Novartis is set to close its sites in Munich and Boston, resulting in the loss of 330 jobs, following its $2.9 billion acquisition of MorphoSys. The closures are expected to be completed by the end of 2025. This move comes as Novartis continues to expand its oncology portfolio and engage in various licensing deals.
Solana's DApp revenue skyrocketed 15x in 2024, reaching $92 million, driven by meme coins and DeFi protocols. Meme coin DApps generated $509 million, with Pump.fun alone earning $106 million in November, despite facing criticism and a revenue drop after suspending its livestreaming feature. DeFi platforms like Raydium and Jupiter also contributed significantly, with Raydium capturing 86% of spot DEX revenue.
Ethereum has seen over 7.8 million ETH withdrawn from Binance, contributing to a total of 20.8 million ETH leaving centralized exchanges in two months. Despite this reduction in supply potentially signaling future price appreciation, ETH's price has struggled, currently sitting at $3,858, down 21.1% from its all-time high. Technical indicators suggest a possible short-term decline, with analysts predicting a drop to $3,400, while key support levels are identified at $3,200 and $3,000.
Xcovery Holdings' ensartinib, branded as Ensacove, has received FDA approval as a first-line treatment for ALK-positive non-small cell lung cancer, marking a significant milestone as the first innovative targeted lung cancer drug from a Chinese company to enter the U.S. market. While it shows a 44% reduction in progression or death compared to Pfizer's Xalkori, it faces stiff competition from established ALK inhibitors like Roche's Alecensa, which has demonstrated superior efficacy in previous studies. Despite its potential, Ensacove's market entry comes amid a landscape dominated by major pharmaceutical players.

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