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Biotechs Turn to Digital Coins, Crypto to Boost Stock Prices

1 day 12 hours ago
Struggling small biotech firms are pivoting into cryptocurrencies, rebranding as "crypto treasuries" or stockpiling digital assets like Ether and Litecoin as a last-ditch effort to boost share prices amid stalled funding and weak drug pipelines. Bloomberg reports: Shares of 180 Life Sciences Corp., now doing business as ETHZilla, tripled after the Peter Thiel-backed company said it had accumulated Ether tokens worth over $350 million. Less than two weeks later, the stock's gains have been erased. In July, Sonnet BioTherapeutics Holdings soared 243% in one volatile session on plans to transform into a public crypto treasury while MEI Pharma Inc. initially doubled on plans to sell shares to fund a Litecoin treasury. Such about-faces are a tried-and-true formula for small firms when funds are low and shares are under pressure. For drugmakers it can be a sudden shift to chase after trendy new treatment targets, still other companies rebrand with buzzwords like artificial intelligence to juice returns. Now some biotech executives are using digital coins to pump new life into flagging shares. So far in 2025, at least 10 biotechs have announced a pivot into digital assets. The announcements frequently spark frenzied, but short-lived, spikes in shares. "If they're low on ideas, if they can't find relevance in drug development, they're going to try to justify their existence as management in another way," according to Mike Taylor, lead portfolio manager of the Simplify Health Care ETF. "You have a handful of companies trying to reinvent themselves into some other tangent. And, most, if not all won't work out."

Read more of this story at Slashdot.

BeauHD

Trump made Intel an offer it couldn't refuse

1 day 12 hours ago
10 percent equity and maybe that $8.9 billion in CHIPS funds you're waiting on doesn't get lost in red tape

Comment  We know US President Donald Trump isn't a fan of the US Chips Act. But, turn a government handout into a tit-for-tat transaction and the self described "master dealmaker" is singing a different tune.…

Tobias Mann

AMD Blames Motherboard Makers For Burnt-Out CPUs

1 day 13 hours ago
An anonymous reader quotes a report from Ars Technica: AMD's X3D-series Ryzen chips have become popular with PC gamers because games in particular happen to benefit disproportionately from the chips' extra 64MB of L3 cache memory. But that extra memory occasionally comes with extra headaches. Not long after they were released earlier this year, some early adopters started having problems with their CPUs, ranging from failure to boot to actual physical scorching and burnout -- the problems were particularly common for users of the 9800X3D processor in ASRock motherboards, and one Reddit thread currently records 157 incidents of failure for that CPU model across various ASRock boards. In an interview with the Korean language website Quasar Zone (via Tom's Hardware), AMD executives David McAfee and Travis Kirsch acknowledged the problems and pointed to the most likely culprit: motherboard makers who don't follow AMD's recommended specifications. Some manufacturers have historically shipped their AMD and Intel motherboards with elevated default power settings in the interest of squeezing a bit more performance out of the chips -- but those adjustments can also cause problems in some cases, especially for higher-end CPUs.

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BeauHD

Linux Foundation says yes to NoSQL via DocumentDB

1 day 13 hours ago
PostgreSQL implementation of document-oriented NoSQL datastore adopted under permissive MIT license

The Linux Foundation on Monday welcomed Microsoft's DocumentDB into its stable of open source projects, waving the document database's permissive MIT license as if it were an "Open for Business" sign.…

Thomas Claburn