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14:13
Science raises $230 millions to challenge Neuralink as the commercialization race for brain-computer interfaces heats up
Golden Ten Data reported on March 5 that neurotechnology company Science Corp has raised $230 millions from investors to commercialize its implant device for the visually impaired and to develop more advanced brain devices. According to informed sources, after this round of financing, Science's valuation (including new funds) has reached $1.25 billions. This makes it the second highest-valued brain-computer interface company in the world, following Musk's startup Neuralink. At the same time, the company is also one of the best-funded, having raised a total of $489 millions to date. A study published last October in The New England Journal of Medicine showed that the system improved the vision of 26 out of 32 patients with late-stage age-related macular degeneration. In recent years, investors have poured more than $2 billions into the six major brain-computer interface companies in the United States. Currently, the U.S. Food and Drug Administration (FDA) has not approved any devices for long-term commercial use, so these devices are only available in clinical trials.
14:09
Classover Holdings Inc has filed documents with the U.S. Securities and Exchange Commission, announcing a company resolution to implement a reverse stock split and simultaneously reduce the number of authorized common shares.
This major corporate action is scheduled to take effect on March 9, 2026. A reverse stock split is typically intended to increase the trading price per share and optimize the capital structure. Meanwhile, the reduction in authorized share capital reflects the company’s strategic adjustment to its equity structure. The simultaneous implementation of these two measures indicates that Classover Holdings Inc is actively optimizing its equity framework, laying the foundation for future capital operations and market positioning.
14:08
Last week, the number of initial jobless claims in the United States remained almost unchanged, while the number of layoffs in February dropped significantly, which is consistent with the robust state of the labor market.
Data shows that the labor market is regaining its footing after setbacks last year. Economists believe last year's volatility stemmed from uncertainty caused by broad tariffs implemented by Trump under a law intended to address national emergencies. The Federal Reserve's "Beige Book" report released on Wednesday also stated that employment levels have been "generally stable" in recent weeks, with seven out of twelve districts reporting no change in hiring. The report noted, "Contacts in several districts cited rising non-labor input costs, weakening demand, or uncertainty about overall economic conditions as reasons for flat or declining employment levels." Economists are optimistic that, with tax cuts stimulating demand, the labor market will regain momentum this year.
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