The post Biotech-Turned BNB Treasury Firm Falls 77% After Nasdaq Delisting appeared on BitcoinEthereumNews.com. Windtree Therapeutics, a biotech company that established a BNB treasury strategy last month, fell 77% on Wednesday after Nasdaq said it would be delisted from the stock exchange for failing to meet compliance requirements. The noncompliance concerned Nasdaq Listing Rule 5550(a)(2), which requires a company’s stock to maintain a minimum bid price of $1.00 per share, Windtree said in a filing to the US securities regulator on Tuesday. Nasdaq will suspend its trading on Thursday.  Windtree (WINT) shares dropped 77.2% to $0.11 on the news, and were down another 4.7% in after-hours, Google Finance data showed. WINT shares saw a minor rise on July 16, when it announced its BNB treasury strategy, but have since fallen over 90% from a July 18 peak. WINT’s change in share price on Wednesday. Source: Google Finance While some companies have gained after adopting a crypto treasury strategy, others have been lucky. Windtree is part of a growing number of publicly traded companies to adopt a BNB strategy, giving investors exposure to BNB without holding the cryptocurrency directly. Windtree to continue making financial disclosures The company’s CEO, Jed Latkin, said in the filing that Windtree would continue its reporting obligations despite the delisting. Some crypto firms, such as Argo Blockchain, have been suspended from Nasdaq but were relisted after satisfying compliance requirements. Windtree made big announcements, then went quiet Windtree kickstarted its BNB treasury on July 16, disclosing a $60 million purchase agreement with Build and Build Corp, with options for an additional $140 million.  WINT rose 32.2% over the next two days before it started tumbling. About a week later, it signed a $500 million equity line of credit with an unidentified investor, along with a separate $20 million stock‑purchase pact with Build and Build Corp. to purchase more BNB tokens. Windtree hasn’t disclosed how much… The post Biotech-Turned BNB Treasury Firm Falls 77% After Nasdaq Delisting appeared on BitcoinEthereumNews.com. Windtree Therapeutics, a biotech company that established a BNB treasury strategy last month, fell 77% on Wednesday after Nasdaq said it would be delisted from the stock exchange for failing to meet compliance requirements. The noncompliance concerned Nasdaq Listing Rule 5550(a)(2), which requires a company’s stock to maintain a minimum bid price of $1.00 per share, Windtree said in a filing to the US securities regulator on Tuesday. Nasdaq will suspend its trading on Thursday.  Windtree (WINT) shares dropped 77.2% to $0.11 on the news, and were down another 4.7% in after-hours, Google Finance data showed. WINT shares saw a minor rise on July 16, when it announced its BNB treasury strategy, but have since fallen over 90% from a July 18 peak. WINT’s change in share price on Wednesday. Source: Google Finance While some companies have gained after adopting a crypto treasury strategy, others have been lucky. Windtree is part of a growing number of publicly traded companies to adopt a BNB strategy, giving investors exposure to BNB without holding the cryptocurrency directly. Windtree to continue making financial disclosures The company’s CEO, Jed Latkin, said in the filing that Windtree would continue its reporting obligations despite the delisting. Some crypto firms, such as Argo Blockchain, have been suspended from Nasdaq but were relisted after satisfying compliance requirements. Windtree made big announcements, then went quiet Windtree kickstarted its BNB treasury on July 16, disclosing a $60 million purchase agreement with Build and Build Corp, with options for an additional $140 million.  WINT rose 32.2% over the next two days before it started tumbling. About a week later, it signed a $500 million equity line of credit with an unidentified investor, along with a separate $20 million stock‑purchase pact with Build and Build Corp. to purchase more BNB tokens. Windtree hasn’t disclosed how much…

                                                                               Wormhole’s native token has had a tough time since launch, debuting at $1.66 before dropping significantly despite the general crypto market’s bull cycle.                     Wormhole, an interoperability protocol facilitating asset transfers between blockchains, announced updated tokenomics to its native Wormhole (W) token, including a token reserve and more yield for stakers. The changes could affect the protocol’s governance, as staked Wormhole tokens allocate voting power to delegates.According to a Wednesday announcement, three main changes are coming to the Wormhole token: a W reserve funded with protocol fees and revenue, a 4% base yield for staking with higher rewards for active ecosystem participants, and a change from bulk unlocks to biweekly unlocks.“The goal of Wormhole Contributors is to significantly expand the asset transfer and messaging volume that Wormhole facilitates over the next 1-2 years,” the protocol said. According to Wormhole, more tokens will be locked as adoption takes place and revenue filters back to the company.Read more