Fintech PR
Enea TECH and Biomedical Foundation invests €15 million in Tethis to develop new diagnostic methods in oncology using liquid biopsy
ROME and MILAN, Jan. 14, 2025 /PRNewswire/ — Enea TECH and Biomedical Foundation announces a €15 million investment in Tethis S.p.A., a Milan-based company at the forefront of cancer diagnostics.
Tethis is developing innovative solutions for liquid biopsy, a non-invasive blood test that can detect traces of tumor circulating in the blood. The core of Tethis’ innovation lies in its integrated analytical process that includes the See.d® blood sample preparation instrument, SmartBioSurface® slides treated with biocompatible nanomaterials, and artificial intelligence algorithms for identifying cellular elements of tumor origin.
This platform makes it possible to characterize both immune cells and any circulating tumor cells, and to integrate cellular analysis with molecular markers present in plasma. The goal is to support accurate tumor diagnosis, monitor disease during and after treatment, and hopefully detect tumors early.
“This investment will accelerate the development, validation and preparation for commercialization of our diagnostic platform,” says Holger Neecke, CEO of Tethis. “Starting with a simple blood draw, we aim to provide oncologists and translational researchers with comprehensive cellular and molecular analyses that advance precision diagnostics, enable targeted therapeutic development, and ultimately deliver more personalized care for cancer patients.”
“The investment of 15 million euros in Tethis is further confirmation of Italy’s central role as a leader in cutting-edge innovation, with a focus on precision medicine and advanced diagnostics,” underlines Maria Cristina Porta, General Manager of ENEA Tech and Biomedical Foundation. “Supporting revolutionary technological solutions, such as liquid biopsy, means laying the groundwork for a future where faster, more accurate, and less invasive diagnoses can significantly improve the quality of life for cancer patients. Through this project, we renew our commitment to building an innovative and forward-thinking ecosystem that prioritizes the health and well-being of individuals while effectively addressing the increasingly complex challenges of our time.”
This new funding round follows previous investments from Genextra and Indaco Venture Partners – the latter through the Atlante Ventures, Indaco Ventures I and Indaco Ventures I – Parallel Lombardia funds – which have supported the development of the Tethis platform until today.
About SmartBioSurface® Slides
SmartBioSurface® slides are treated with biocompatible nanomaterials that enable spontaneous and efficient adhesion of typically non-adherent cells to perform in situ analysis of proteins, RNA, and DNA at the single cell level. The slides support simultaneous and sequential analyses ensuring the integrity of the cytology sample (multiplexing and multimodal), allow maintenance of cell morphology, and facilitate artificial intelligence-based imaging for detection and characterization of rare cancer and immune cells.
About See.d®
See.d® is the first automated pre-analytical blood sample preparation tool for liquid biopsy to be performed at the point of collection to ensure sample integrity and clinical validity. It stabilizes the cellular fraction on SmartBioSurface® slides for analysis of immune and tumor cells, while plasma is made available for identification of molecular analytes released from the tumor, including DNA, RNA, proteins, metabolites and exosomes.
The See.d® instrument and SmartBioSurface® slides are for research use only and are not intended for use in diagnostic procedures.
More information can be found at www.tethis-lab.com.
Logo: https://mma.prnewswire.com/media/2376704/4887129/Tethis_Logo.jpg
Logo: https://mma.prnewswire.com/media/2593755/Enea_TECH_Logo.jpg
Media Contact: media@tethis-lab.com
View original content:https://www.prnewswire.co.uk/news-releases/enea-tech-and-biomedical-foundation-invests-15-million-in-tethis-to-develop-new-diagnostic-methods-in-oncology-using-liquid-biopsy-302349579.html
Fintech
Fintech Pulse: Your Daily Industry Brief (Bench, FinovateEurope, Airwallex, PayPal, KCB Bank, UnionPay)
Unpacking Today’s Fintech Headlines
The fintech landscape continues to evolve at a breakneck pace. Today, we explore key stories shaping the industry—from an ambitious startup’s downfall to groundbreaking expansions and investments. Below, we delve into these developments, offering analysis and insight for fintech professionals navigating this dynamic sector.
1. The Rise and Fall of Bench: Lessons for Fintech Startups
In a cautionary tale for startups, fintech company Bench, once hailed as a disruptor, has succumbed to financial woes. Court documents reveal the company accumulated over $65 million in debt before shuttering operations. Despite initial success and significant backing, Bench faced operational inefficiencies, scaling challenges, and mismanagement that ultimately led to its downfall.
Bench’s trajectory underscores the critical need for sound financial stewardship, particularly for startups managing substantial investor capital. The fintech sector is rife with competition, and any misstep can prove fatal. Leaders in this space must prioritize scalability and ensure a balance between growth ambitions and operational sustainability.
Source: TechCrunch
2. FinovateEurope 2025: A Showcase of Innovation
The upcoming FinovateEurope 2025 promises to spotlight cutting-edge fintech solutions. The first wave of demo companies includes innovators tackling challenges in payments, regtech, and embedded finance. This year’s event highlights a growing focus on ESG (Environmental, Social, and Governance) criteria, reflecting the industry’s alignment with global sustainability goals.
Startups and legacy firms alike will use this platform to showcase advancements in AI-driven analytics, blockchain applications, and open banking solutions. Such events provide a crucial ecosystem for networking, investment opportunities, and collaboration, all vital for driving innovation in fintech.
Source: Business Wire
3. Airwallex Ventures into Latin America
Global payments unicorn Airwallex has made a bold move into Latin America, targeting two key markets simultaneously. This dual-market entry reflects the company’s strategic vision to tap into emerging markets with high growth potential.
Latin America’s fintech scene is flourishing, driven by increasing digital adoption and a growing appetite for cross-border payment solutions. Airwallex’s entry aligns with broader trends of global fintech players recognizing the region’s potential. However, the competitive landscape includes strong local players, and Airwallex will need to tailor its offerings to address specific regional challenges, such as regulatory hurdles and infrastructure gaps.
Source: Fintech Magazine
4. PayPal Ventures Backs Insurtech Disruptor
PayPal Ventures has announced a significant investment in Ole Life, an insurtech startup redefining life insurance with data-driven, customer-centric solutions. This marks PayPal’s latest foray into the insurtech space, signaling growing interest in diversifying its fintech portfolio.
Ole Life’s mission to democratize life insurance resonates in an era where personalization is king. The insurtech’s emphasis on leveraging AI to create tailored policies could disrupt traditional insurance models, offering a more inclusive and efficient alternative. PayPal’s backing not only provides financial support but also strategic insights, which could accelerate Ole Life’s growth trajectory.
Source: FF News
5. KCB Bank and UnionPay Partner for E-Commerce Growth
Kenya’s KCB Bank has partnered with UnionPay to bolster e-commerce payment solutions across the region. This collaboration aims to simplify cross-border transactions, making it easier for businesses to participate in the global digital economy.
The deal is a testament to the growing importance of strategic partnerships in fintech. As e-commerce continues to boom in Africa, such alliances can drive financial inclusion, offering consumers and businesses greater access to digital payment infrastructure. However, scaling these solutions will require robust cybersecurity measures to protect against fraud and ensure user trust.
Source: PR Newswire
Final Thoughts: Navigating the Fintech Frontier
Today’s stories illustrate the dynamism and diversity of fintech—a sector where innovation meets relentless competition. For stakeholders, the takeaway is clear: adaptability and strategic foresight are essential for success. Whether it’s learning from Bench’s missteps, leveraging events like FinovateEurope for growth, or seizing opportunities in untapped markets, the future belongs to those who can anticipate and navigate change.
The post Fintech Pulse: Your Daily Industry Brief (Bench, FinovateEurope, Airwallex, PayPal, KCB Bank, UnionPay) appeared first on News, Events, Advertising Options.
Fintech PR
Crypto Investments Surge as Global Markets Gear Up for Trump’s Inauguration
USA News Group Commentary
Issued on behalf of Spearmint Resources Inc.
VANCOUVER, BC, Jan. 17, 2025 /PRNewswire/ — Markets around the world are already banking on a Trump-fueled crypto boom ahead of the US President Re-Elect’s upcoming inauguration. It’s been just over a year since the SEC legalized bitcoin spot ETFs, and the impact continues to gain momentum on stocks involved with crypto. In 2024, crypto was one of the two drivers that drove gains in the year’s top 5 tech stocks, especially after Donald Trump’s election victory in November. Now cryptocurrency-related stocks have become a must-watch in today’s market, with developments coming from such as examples as Spearmint Resources Inc. (CSE: SPMT) (OTCPK: SPMTF) (WKN: A2AHL5), KULR Technology Group, Inc. (NYSE-American: KULR), MARA Holdings, Inc. (NASDAQ: MARA), Coinbase Global, Inc. (NASDAQ: COIN), and Robinhood Markets, Inc. (NASDAQ: HOOD).
The article continued: According to analysts at Research and Markets, the Global Market for Cryptocurrency was estimated at US$1.3 Billion in 2023 and is projected to reach US$1.8 Billion by 2030, growing at a CAGR of 4.8% from 2023 to 2030. Meanwhile, Spherical Insights published a report that the Global Digital Asset Trading Platfom Market size is expected to grow from US$2.49 in 2023 to US$10.99 billion by 2033, at a CAGR of 16.01%.
Spearmint More than Doubles its Crypto Exposure
Spearmint Resources Inc. (CSE: SPMT) (OTCPK: SPMTF) (WKN: A2AHL5), recently announced that it more than doubled its crypto holdings via additional purchases of Solana. Solana is a crypto-computing platform that aims to achieve high transaction speeds without sacrificing decentralization. It seeks to improve scalability through a different approach in the blockchain industry, combining a proof-of-history (PoH) consensus with the blockchain’s underlying proof-of-stake (PoS) consensus. This approach has attracted interest from a diverse range of traders, from small-scale individuals to institutional entities. Solana claims it can process around 50,000 transactions per second. Solana is both a cryptocurrency and a flexible platform for developers building decentralized applications (dApps) across various industries, including DeFi, gaming, non-fungible tokens (NFTs) and financial derivatives.
“In an effort to be as proactive as possible towards building shareholder value, management feels that diversifying into Solana specifically holds the highest potential for growth within the crypto space,” said James Nelson, President of Spearmint. “We are taking advantage of the dip and have recently made additional Solana purchases resulting in more than doubling our initial position. We intend to continue this crypto diversification plan of action for the foreseeable future and will update the market regarding this strategy in the short and long term.”
The move comes months after Spearmint announced its intention to diversify into crypto, back in November 2024, using a port of its cash on hand to dip into the crypto market.
“With the Republican Party winning the USA election, the sentiment towards crypto has become much friendlier,” said Nelson in the crypto diversification announcement. “We plan to take a portion of the cash on hand and move it into the highest quality portions of the crypto market. Management feels that the longer term prospects of high quality crypto may outperform the banking rates and it makes sense to allocate a portion of our cash on hand to this area.”
Outside of its crypto assets, Spearmint Resources is also developing plans for its 4,722-acre George Lake South Antimony Project in New Brunswick, Canada, capitalizing on antimony’s strong performance over the past year, and anticipated new highs due to China’s recent export ban for the metal.
Spearmint also highlights its lithium holdings in Clayton Valley, Nevada, which show potential for both lithium clay and lithium brine. With growing interest in domestically sourced lithium projects, Spearmint is optimistic about increased market attention in 2025. While sentiment around lithium and electric vehicles (EVs) has been negative in recent years, recent data shows global EV sales are on the rise, with momentum strengthening rather than weakening.
Other recent industry developments and happenings in the market include:
KULR Technology Group, Inc. (NYSE-American: KULR), a leader in advanced energy management platforms, recently announced a significant expansion of its Bitcoin Treasury. The Company has increased its bitcoin purchases for its Bitcoin Treasury by an additional $21 million to reach a total of $42 million in bitcoin acquisitions. The additional purchases were made at a weighted average price of $98,393.58 per bitcoin, inclusive of fees and expenses.
The strategic move aligns with the company’s Bitcoin Treasury Strategy announced on December 4, 2024, wherein KULR committed up to 90% of its surplus cash reserves to be held in bitcoin. KULR recently introduced “BTC Yield” as a key performance indicator (KPI) to measure the percentage change in bitcoin holdings per share, providing a transparent view of the accretive impact of its Bitcoin Treasury strategy. From its initial bitcoin purchase in December 2024 to January 4, 2025, KULR achieved a BTC Yield of 93.7%, funded through surplus cash and its At-The-Market equity program, while emphasizing that BTC Yield is a supplementary metric and not a measure of MARA Holdings, Inc. (NASDAQ: MARA) kicked off 2025 by announcing it had surpassed its hash rate target after reporting a solid month of Bitcoin production, marking a significant milestone in its mining operations in December.
“In December, we surpassed our year-end hash rate target of 50 EH/s while improving our fleet efficiency to 20 J/TH,” said Fred Thiel, Chairman and CEO of MARA. “We mined 249 blocks, the second most blocks in a month on record. Our energized hash rate increased to 53.2 EH/s, a 15% improvement over November, while BTC production declined 2% to 890 BTC, primarily due to a slight decrease in luck. While some of our bitcoin and hash rate was acquired outside of our own pool, MARAPool achieved an impressive annual hash rate growth of 168% in 2024, exceeding bitcoin’s network growth rate of 49%. These results underscore the substantial progress we’ve achieved in expanding our operations and enhancing performance, further solidifying our leadership within the industry.”
In 2024, MARA acquired 22,065 BTC at an average price of $87,205 and mined an additional 9,457 BTC, bringing its total holdings to 44,893 BTC, valued at $4.2 billion based on a spot price of $93,354 per BTC. The company’s year-end BTC yield per diluted share reached 62.7%, with 7,377 BTC loaned to third parties to generate additional returns. By combining mining operations with strategic bitcoin purchases during price declines, MARA leverages a hybrid approach to optimize acquisition costs and maintain a competitive edge. This strategy strengthens its position and aligns with its commitment to delivering long-term shareholder value.
Coinbase Global, Inc. (NASDAQ: COIN), recently scored a big win against the SEC as a judge agreed to escalate a dispute over definitions of crypto securities. Coinbase won its latest legal battle against the SEC, when U.S District Judge Katherine Failla ruled the company can take a closely watched case—which turns on which cryptocurrencies are securities—directly to the U.S. Court of Appeals for the Second Circuit.
Although the ruling doesn’t guarantee Coinbase will win on the core securities issue, it does speed up the timeline for a definitive decision. Judge Failla’s 23-page ruling highlights the disagreement among judges on enforcing securities laws in the crypto sector, aiming to resolve the issue as it progresses through higher courts. However, the appeals court must first agree to hear the case.
“Over the strenuous objection of @SECGov, Judge Failla has GRANTED our motion for leave to pursue an interlocutory appeal and STAYED the district court litigation,” said Paul Grewal, Chief Legal Officer of Coinbase in a post on X. “We appreciate the Court’s careful consideration. On to the Second Circuit we go.”
Robinhood Markets, Inc. (NASDAQ: HOOD), recently settled its own SEC charges for $45 million, just one day after its head of crypto went on Fox Business to give his 2025 outlook under the incoming Trump administration. Robinhood’s CEO Vlad Tenev went on with the BBC back in December to express his concerns that cryptocurrencies and the crypto industry were under a ‘relentless assault’ by the outgoing Biden administration, opining that the next administration will be very good for business.
Looking ahead, Robinhood is set to release its Q4 and FY 2024 financial results on February 12, 2025 after market close. Robinhood Markets provides a platform for trading cryptocurrencies, allowing users to buy, sell, and hold popular digital assets like Bitcoin and Ethereum alongside traditional investments. As of recent reports, cryptocurrencies account for a significant portion of Robinhood’s transaction-based revenue, exposing the company to the volatility and regulatory risks of the crypto market.
CONTACT:
USA NEWS GROUP
info@usanewsgroup.com
(604) 265-2873
DISCLAIMER: Nothing in this publication should be considered as personalized financial advice. We are not licensed under securities laws to address your particular financial situation. No communication by our employees to you should be deemed as personalized financial advice. Please consult a licensed financial advisor before making any investment decision. This is a paid advertisement and is neither an offer nor recommendation to buy or sell any security. We hold no investment licenses and are thus neither licensed nor qualified to provide investment advice. The content in this report or email is not provided to any individual with a view toward their individual circumstances. USA News Group is a wholly-owned subsidiary of Market IQ Media Group, Inc. (“MIQ”). MIQ has been paid a fee for Spearmint Resources Inc. advertising and digital media from the company directly. There may be 3rd parties who may have shares Spearmint Resources Inc., and may liquidate their shares which could have a negative effect on the price of the stock. This compensation constitutes a conflict of interest as to our ability to remain objective in our communication regarding the profiled company. Because of this conflict, individuals are strongly encouraged to not use this publication as the basis for any investment decision. The owner/operator of MIQ goes not own any shares of Spearmint Resources Inc. MIQ reserves the right to buy and sell, and will buy and sell shares of Spearmint Resources Inc. at any time thereafter without any further notice. We also expect further compensation as an ongoing digital media effort to increase visibility for the company, no further notice will be given, but let this disclaimer serve as notice that all material disseminated by MIQ has been approved by the above mentioned company; this is a paid advertisement. While all information is believed to be reliable, it is not guaranteed by us to be accurate. Individuals should assume that all information contained in our newsletter is not trustworthy unless verified by their own independent research. Also, because events and circumstances frequently do not occur as expected, there will likely be differences between any predictions and actual results. Always consult a licensed investment professional before making any investment decision. Be extremely careful, investing in securities carries a high degree of risk; you may likely lose some or all of the investment.
View original content:https://www.prnewswire.co.uk/news-releases/crypto-investments-surge-as-global-markets-gear-up-for-trumps-inauguration-302354436.html
Fintech PR
Bybit: A Global Favorite Among Full-Time and Professional Traders and the World’s Second-most popular Crypto Exchange
DUBAI, UAE, Jan. 17, 2025 /PRNewswire/ — Bybit, the world’s second-largest cryptocurrency exchange by trading volume, has been recognized as the second most popular cryptocurrency exchange globally, according to the latest report from CryptoQuant. The “2024 Crypto Survey: Exchange Use and Investor Behavior” underscores Bybit’s unmatched appeal to professional traders, commitment to security, and innovative offerings that cater to a diverse, global user base.
Bybit’s platform has become a hub for full-time traders, with 52% of surveyed users identifying as professionals—outperforming rivals OKX (38%) and Binance (37%). This success is supported by initiatives like the Bybit Broker Program, which has onboarded over 700 new clients in 2024, raising the total to 1,500 institutional clients. Additionally, Bybit’s Unified Trading Account (UTA) simplifies trading by centralizing spot, futures, and options activities in one seamless interface. Supporting over 70 cryptocurrencies as collateral, this system empowers traders to maximize their capital efficiency by using unrealized profits as margin across various products. UTA’s role in managing 99% of the platform’s trading volume showcases its importance to Bybit’s ecosystem.
Furthermore, Bybit’s integration of MetaTrader 5 allows users to diversify into traditional markets, such as Gold and FX, using USDT, marking another step forward in meeting the needs of professional traders.
Bybit’s global popularity spans regions including Africa, South America, the Middle East, Asia, Europe, and Oceania, where it maintains a dominant presence. Even as the exchange strategically exits certain jurisdictions to comply with regulatory requirements, Bybit’s adherence to a compliance-first approach ensures sustainable growth in markets with clear regulatory frameworks. This adaptability has strengthened Bybit’s position as a trusted and reliable global platform.
The report also acknowledges Bybit’s excellence in security, customer service, and P2P trading, where it ranks as the third-best exchange globally. These accolades reflect Bybit’s dedication to delivering a secure, user-focused experience that builds trust and loyalty within its growing community.
Joan Han, Sales & Marketing Director at Bybit, shared:
“This achievement reflects our team’s unwavering dedication and commitment to delivering a world-class trading experience. We actively listen to our clients’ requests and continuously improve our tools to ensure a smoother trading journey. Our ability to adapt and thrive in diverse markets speaks to the strength of our vision and our focus on fostering a secure, accessible, and professional crypto ecosystem. As we continue to innovate and grow, we remain dedicated to empowering traders worldwide with the tools and trust they need to succeed.”
#Bybit / #TheCryptoArk
About Bybit
Bybit is the world’s second-largest cryptocurrency exchange by trading volume, serving a global community of over 60 million users. Founded in 2018, Bybit is redefining openness in the decentralized world by creating a simpler, open and equal ecosystem for everyone. With a strong focus on Web3, Bybit partners strategically with leading blockchain protocols to provide robust infrastructure and drive on-chain innovation. Renowned for its secure custody, diverse marketplaces, intuitive user experience, and advanced blockchain tools, Bybit bridges the gap between TradFi and DeFi, empowering builders, creators, and enthusiasts to unlock the full potential of Web3. Discover the future of decentralized finance at Bybit.com.
For more details about Bybit, please visit Bybit Press
For media inquiries, please contact: media@bybit.com
For updates, please follow: Bybit’s Communities and Social Media
Discord | Facebook | Instagram | LinkedIn | Reddit | Telegram | TikTok | X | Youtube
Logo – https://mma.prnewswire.com/media/2267288/Logo.jpg
View original content:https://www.prnewswire.co.uk/news-releases/bybit-a-global-favorite-among-full-time-and-professional-traders-and-the-worlds-second-most-popular-crypto-exchange-302354197.html
-
Fintech3 days ago
Fintech Pulse: Your Daily Industry Brief (Float Financial, Alza Fintech, Thrive Capital, Stripe, Unzer, Agora Data)
-
Fintech3 days ago
Fintech Pulse: Your Daily Industry Brief (Orion, Envestnet, Chime, Plaid, Brex, Dave, Fincover.com)
-
Fintech2 days ago
Fintech Pulse: Your Daily Industry Brief (Plaid, Warner Bros., TransUnion, Monevo, FinVolution, CreditTech, Glenbrook Partners)
-
Fintech1 day ago
Fintech Pulse: Your Daily Industry Brief (Amazon, Axio, Bank of England, New York Fed, Curql, PhotonPay, Google Pay, Mastercard, Nuvei, Outpayce)
-
Fintech PR3 days ago
ENIM TECHNOLOGIES AND THE ROYAL CANADIAN MINT EXPLORE THE INTEGRATION OF ECO-RESPONSIBLE METALS EXTRACTED FROM ELECTRONIC WASTE IN THE MINT’S OPERATIONS
-
Fintech3 days ago
Blocks & Headlines: Today in Blockchain (
-
Fintech PR4 days ago
Metaverse Wallets Market to Reach $32,310 Million by 2030, Driven by Blockchain and Mobile Wallet Growth | Valuates Reports
-
Fintech3 days ago
io.finnet and Cede Labs Partner to Transform Multi-Exchange Portfolio Management for Institutions