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Legal Regulatory

RML

Rusoro Mining Ltd. announced that Dalinar Energy, a subsidiary of Gold Reserve Ltd., submitted a credit bid to purchase 100% of PDV Holding, Inc. (PDVH), CITGO's parent company. However, the Special Master recommended a $3.699 billion bid from Red Tree Investments as the 'Stalking Horse' bid. Rusoro is being advised by Rothschild & Co and legal firms to maximize the value of its U.S. Judgment in the PDVSA sale process.

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March 24, 2025 | 12:45 pm

TORNUSD

The US Treasury Department has removed Tornado Cash from its sanctions list after a legal reassessment, though concerns about the crypto mixer's potential for illicit activities remain. The decision follows recent court rulings challenging the original sanctions and reflects the complex regulatory landscape for cryptocurrency platforms.

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March 24, 2025 | 12:45 pm

BTCUSD

Polymarket is experiencing a significant dispute over a prediction market betting on whether the US will establish a Bitcoin reserve by 2025. An executive order by President Trump has sparked disagreement among users about whether the market should be resolved as 'Yes' or remain open, with conflicting interpretations of the market's specific conditions.

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March 24, 2025 | 12:45 pm

TORNUSD

The US Treasury Department has lifted sanctions against Tornado Cash, a cryptocurrency mixing service previously blocked due to money laundering concerns. This decision represents a potential policy shift towards a more nuanced approach to decentralized blockchain technologies, potentially indicating increased regulatory flexibility.

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March 24, 2025 | 12:45 pm

XRPUSD

XRP cryptocurrency experienced a 3% price increase, reaching $2.48, with trading volumes jumping 66% to $2.9 billion. The rally is attributed to broader market strength and growing optimism about Ripple's ongoing legal battle with the SEC.

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March 24, 2025 | 12:45 pm

RML

Rusoro Mining Ltd. announced that Dalinar Energy Corporation, supported by a consortium including Rusoro and Gold Reserve, submitted a credit bid to purchase 100% of PDV Holding, Inc. (CITGO's parent company). However, the Special Master recommended a $3.699 billion bid from Red Tree Investments as the 'Stalking Horse' bid. A court hearing will be held to consider the bid selection.

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March 24, 2025 | 12:45 pm

WNC

Wabash (WNC) received a favorable court ruling in a legal case involving a 2019 motor vehicle accident. A Circuit Court reduced punitive damages from $450 million to $108 million, while maintaining compensatory damages at $11.5 million. The company continues to challenge the verdict and maintains confidence in its product quality and safety.

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March 24, 2025 | 12:30 pm

ME

DNA testing company 23andMe is on the brink of bankruptcy after a significant data breach, plummeting stock value, and potential sale of customer genetic data. With 15 million users' information at risk, the company's uncertain future raises serious privacy concerns, especially since it's not bound by HIPAA regulations.

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March 24, 2025 | 12:30 pm

WNC

Wabash (WNC) successfully challenged a previous jury verdict in the Williams et al. v. Wabash case. A Circuit Court reduced the punitive damages from $450 million to $108 million, while maintaining the $11.5 million compensatory damages award. This represents a significant reduction in the total damages against the company.

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March 24, 2025 | 12:30 pm

A

Agilent Technologies played a crucial role in Autolus Therapeutics' FDA approval of AUCATZYL®, a CAR T therapy, by providing its xCELLigence Real-Time Cell Analysis (RTCA) technology. The advanced instrumentation supported the development and validation of the therapy's potency assay, demonstrating the importance of innovative technologies in advancing cancer treatments.

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March 24, 2025 | 12:15 pm