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Over $280 million in short liquidations as ether rallies on renewed ETF optimism
Over $280 million in short liquidations as ether rallies on renewed ETF optimism

Volatility in the crypto market has caused over $280 million in short liquidations over the past 24 hours.Ether positions saw almost $98 million in liquidated shorts after ETH surged over 22% in a day.

The Block·2024/05/21 14:37
Do potential spot Ethereum ETF approvals signal a shift in US crypto policy?
Do potential spot Ethereum ETF approvals signal a shift in US crypto policy?

Analysts dramatically raised the odds of spot Ethereum ETF approvals yesterday amid signs of a 180 from the Securities and Exchange Commission.Last week’s Senate vote to overturn the SEC’s Staff Accounting Bulletin 121 could be behind a potential emerging alliance between Wall Street, crypto and Washington.

The Block·2024/05/21 14:01
Ether futures open interest hits record $14 billion on centralized exchanges
Ether futures open interest hits record $14 billion on centralized exchanges

Open interest for ether futures on centralized exchanges has reached a new high — hitting $14 billion.The rise in open interest coincides with an 18% increase in the price of ether to $3650 in the last 24 hours.

The Block·2024/05/21 13:22
Flash
20:09
IDEAYA Biosciences announced plans for a public offering, expecting to raise up to 300 million dollars.
This issuance will include the company’s common shares and accompanying pre-financing warrants. The move aims to provide funding support for the company’s subsequent R&D activities and general operations. Specific terms of the issuance, including the number of shares to be issued, warrant terms, and final pricing, will be determined based on market conditions and other factors.
20:08
According to documents submitted to the U.S. Securities and Exchange Commission, shareholders of MetaVia Inc have approved a reverse stock split plan, with the specific ratio to be determined within the range of 1-for-5 to 1-for-22.
The final ratio of the reverse split will be determined at the discretion of the company's board of directors, aiming to increase the per-share price and potentially meet the continued listing requirements of the relevant stock exchange. This measure is commonly adopted by companies whose share prices have long been below the required threshold. Shareholders authorize the board of directors to implement the reverse split within this scope without further shareholder approval. The company expects to issue further announcements after determining the specific ratio and effective date.
20:07
Savara announced that its Chief Financial and Administrative Officer, Dave Lowrance, will officially step down on July 15, 2026.
The company is currently undertaking succession planning to ensure a smooth transition of the relevant responsibilities.
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