Tharimmune Commits $540M to Canton Coin Treasury: Significant Investment in Future Expansion
Tharimmune's Major Funding: Biotech firm Tharimmune has raised $540 million in a private funding round to enhance its cryptocurrency strategy, including plans to acquire Canton Coin and operate as a Super Validator on the Canton Network.
Institutional Support: The funding was led by DRW and Liberty City Ventures, with participation from notable investors like ARK Invest and Kraken, reflecting strong institutional confidence in the integration of biotech and blockchain.
Market Response: Following the announcement, Tharimmune's stock saw a positive reaction, gaining approximately 14% in after-hours trading, indicating investor optimism about the company's venture into blockchain and decentralized finance.
Broader Financial Trends: The article highlights the growing intersection of traditional finance and blockchain technology, with tokenized assets exceeding $34 billion, showcasing a shift towards digital asset management and interoperability in financial applications.
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Technical Analysis for CC
Technical Sentiment Analysis for Canton Network (CC) As of , Canton Network (CC) is exhibiting a Buy technical sentiment. Our proprietary analysis, which aggregates 4 technical signals, shows that 3 indicators are flashing buy, while 1 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for CC stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, CC is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Canton Network (CC) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.116 | 0.136 | 0.156 | 0.176 | 0.196 | 0.216 | 0.236 |
| Fibonacci | 0.136 | 0.151 | 0.161 | 0.176 | 0.191 | 0.201 | 0.216 |
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