BeOne Medicines to present new data from Phase 3 SEQUOIA trial of BRUKINSA
Confident Investing Starts Here:
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
an hour ago
- Yahoo
Toyota Motor North America appoints CTO
This story was originally published on Automotive Dive. To receive daily news and insights, subscribe to our free daily Automotive Dive newsletter. Toyota Motor North America will promote Keita Moritsu to SVP for research and development and chief technology officer, effective Sept. 8, the company announced Aug. 12. Moritsu, who currently serves as senior executive for research and development, will take over for Mike Sweers, who is retiring on Sept. 12. Moritsu will oversee Toyota's North American vehicle research and development and serve on TMNA's North American executive committee. He will report to TMNA President and CEO Tetsuo Ogawa. Moritsu will also retain his global chief engineer responsibilities for body-on-frame trucks and platforms including Tundra, Sequoia, Tacoma, and 4Runner at Toyota Motor Corp., per the release. According to the release, Moritsu has been with Toyota since 1999. In 2007, he was involved with the North American R&D's Z Division working on product planning for the Lexus RX in the regional market. Moritsu was promoted to global chief engineer in 2023 and was responsible for body-on-frame trucks and SUVs including the North American truck series and Land Cruiser series and platforms. Recommended Reading Toyota reports $3.3B drop in Q1 net income as tariffs take hold Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Associated Press
4 hours ago
- Associated Press
Chainflip to Introduce Native BTC Lending and Cross-Chain Liquidity Loans, Opening a New Era for DeFi
Chainflip, the decentralised cross-chain protocol that has processed over $3 billion in swap volume, today announced the upcoming launch of its most ambitious product vertical yet: Native Bitcoin Lending and Cross-Chain Liquidity Loans. These upcoming systems, Generalised Lending (CGL) and Chainflip Liquidity Lending (CLL), will mark the first time that users can borrow and lend native BTC and other major crypto assets permissionlessly across chains without relying on wrapped tokens, bridges, or centralised intermediaries. 'This is one of the most important steps forward for Chainflip and for DeFi. Lending has always been missing a truly native cross-chain solution to service the BTC market. Chainflip is perfectly poised to blow that market wide open,' said Simon Harman, CEO of Chainflip Labs. Solving a Core Problem in DeFi Lending While DeFi lending has grown significantly on chains like Ethereum, most products that offer BTC lending rely on wrapped or bridged assets. This poses a serious limitation, as wrapping assets is often treated as a taxable sale, and existent wrapped BTC products, like WBTC or cbBTC are tied to centralised custodians. Despite this, Aave currently holds over $4.3bn in WBTC collateral-showing the demand for BTC-collateralized loans is massive. Chainflip will solve this by enabling true native BTC lending, directly from its threshold signature vaults, secured by a permissionless validator network. This native approach bypasses the need for wrapped tokens entirely. Introducing Generalised Lending (CGL) The first phase of the rollout, Generalised Lending, brings a familiar model to users: lend or borrow supported assets (BTC, ETH, SOL, USDC, USDT, etc.) directly via Chainflip infrastructure. This system positions Chainflip as the cross-chain equivalent of Aave, but with native BTC support and significantly improved capital efficiency through built-in swap markets. Introducing Chainflip Liquidity Lending (CLL) The second phase introduces short-term liquidity loans for market makers. By leveraging lending pools, LPs can borrow on demand to fill large swaps without holding all the required inventory. This significantly boosts protocol liquidity, increases trading capacity, and allows a small set of LPs to quote across many assets at once. CLL enables: This system aligns passive lenders and active market makers, improving execution speed, slippage, and capital utilisation-all with native BTC support. Protocol Revenue and Tokenomics With projected demand between $100M to $5B in outstanding loans and protocol fees of 20-30%, Chainflip anticipates to generate $1M-$100M in new annual revenue, directly enhancing FLIP token value via buy-and-burn or staking rewards under FLIP 2.0 reforms. All lending fees-origination, interest, and liquidation-contribute to protocol revenue. A Major Leap for Cross-Chain DeFi Chainflip's lending products will open up major opportunities: 'With native BTC swaps, lending, and liquidity all in one system integrated into Chainflip, we're hoping to redefine what's possible in decentralised finance,' said Harman. Rollout Timeline About Chainflip Chainflip is a decentralised cross-chain swapping protocol that enables seamless, noncustodial swaps between native assets like BTC, ETH, SOL, and USDC. Powered by a 100-of-150 validator threshold signature network, it combines intent-based execution with smart liquidity routing, giving users and builders access to real native assets without wrapped tokens or bridges. Learn more at:
Bloomberg
8 hours ago
- Bloomberg
Attack Drone Maker Stark Set to Boost Valuation on Sequoia Raise
German kamikaze drone maker Stark Defence is raising a funding round led by Sequoia Capital, boosting its valuation to around $500 million 18 months after its inception, according to people familiar with the matter. The startup plans to raise around $60 million, according to the people, who asked not to be identified as the information is not yet public. 8VC, the venture capital fund run by politically connected investor and Republican donor Joe Lonsdale, is in discussions to join the round, the people said. The funding is not yet finalized and some of the details could still change, they said.
