Latest news with #Raman
Yahoo
2 days ago
- Business
- Yahoo
Institutions Are Driving Ethereum's 'Comeback'
For a year, Ethereum, the second largest blockchain, has lived in the shadows of its competitors, as cryptocurrencies like bitcoin and solana jumped in price and dominated the conversation. Amid criticism from investors and some community members, ETH languished at levels below $1500 as recently as April. But on Monday ETH was near $3800, up 13% year-to-date, and analysts pointed to numerous signs of a turning point for the project. Some have pointed out that the momentum of the ecosystem has returned partially thanks to the explosion of stablecoins and tokenization on Ethereum. 'For institutions looking to get exposure, Ethereum is the primary on-chain option, leading in real-world asset (RWA) tokenization with $7.8 billion in tokenized assets, or nearly 60% of the total RWA market cap,' said Jake Koch-Gallup, a research analyst at Messari, to CoinDesk. As of the beginning of July 2025, Whales with addresses that hold between 1,000-10,000 in ETH have increased their holdings of the token, according to data from Glassnode. Collectively they hold about 14 million ETH units, up from roughly 12 million at the end of 2024. Vivek Raman, who founded Etherealize and spends his time speaking with institutions to market ETH as an asset class, believes that ETH should be seen like BTC as 'a store of value," comparing it to 'digital oil.' The layer-2 ecosystem, which are auxiliary blockchains atop of Ethereum used to transact for faster and cheaper, have appeared en masse over the past few years, and institutions have started to also build with them. JP Morgan recently announced they launched a proof-of-concept for tokenizing their deposits on Coinbase's Base chain, while Robinhood, the retail trading giant, shared its plans to build its own layer-2 with the Arbitrum stack. If it works, it could bring Ethereum's technology to an even broader mainstream audience and deepen its position as the backbone for a new generation of financial applications. Some believe layer-2 networks were taking away value from the Ethereum base layer and making user experience more disconnected, but Raman argues that institutions view them differently. According to Raman, the customizability of a layer-2 network is a plus for these institutions. 'You can be a landlord and get access to the liquidity of Ethereum,' said Raman in an interview. 'So the validation of the L2 ecosystem is now pretty undeniable.' Koch-Gallup, at Messari, believes that protocol changes that enhance the scaling of Ethereum as a base layer will position the network well for the future. 'A 100-1,000x throughput jump collapses gas fees, reopens the space for consumer-grade apps, and refutes the 'L2s are eating the L1' narrative,' he said. 'Concurrently, bigger blocks and more activity feed back into base-fee burn, tightening ETH's supply during periods of high demand.' Ethereum is also benefitting from the corporate treasury trend, with a growing number of companies adopting ETH as a strategic treasury asset. That is, not just for holding, but for staking to generate yield, signaling a shift from traditional treasury strategies, often limited to cash or bitcoin, to one that leverages Ethereum's staking rewards, programmability, and integration into DeFi and stablecoin ecosystems. SharpLink Gaming, a NASDAQ-listed sports betting firm, BitMine, and BitDigital, both crypto mining firms, have all shifted their crypto treasury strategies to this. 'SharpLink Gaming (SBET) saw its stock price [rise 412%] after announcing its ETH treasury strategy, showing there's a clear market appetite for publicly traded companies holding ETH on their balance sheets,' Koch-Gallup told CoinDesk. The company is chaired by Joseph Lubin, one of the founders of Ethereum. BitMine, which recently saw Wall Street personality Tom Lee join, also shared that it holds over 300,000 ETH in its treasury. 'Collectively, these trends suggest a deeper institutional re-rating of Ethereum, not just as infrastructure, but as a yield-bearing, balance-sheet-worthy asset and a directional bet on the future of on-chain finance,' Koch-Gallup said. Read more: The Node: Is Ether Back From the Dead?
Business Wire
6 days ago
- Business
- Business Wire
PathoCare Holdings, Inc. Accepts Third-Party Tender Offer Valuing the Company at $500 Million and Launches New Equity Round to Support Product Development
HOUSTON--(BUSINESS WIRE)--PathoCare Holdings, Inc.—the parent company of medical diagnostics innovator PathoCare, LLC (a leader in the Lab-on-a-Chip non-invasive Point of Care diagnostics)—has developed a set of tests backed by a revolutionary Raman spectroscopy-based testing platform that is underpinned by 17 patents and adaptive AI. Today, the company announced that it has accepted a third-party tender offer involving the secondary purchase of shares from an early investor. While specific transaction details remain undisclosed, the agreement reflects a company valuation of $500 million. The $500 million valuation assigned to PathoCare Holdings, Inc. in connection with the tender offer was independently determined by Lehrer Financial (a nationally recognized economic and financial consulting firm based in Houston, Texas, with over forty years of experience providing high-precision business valuations). Lehrer Financial has built a reputation for analytical rigor and defensible methodologies across industries—including healthcare, banking, real estate, and emerging technologies. The transaction was structured in response to shareholder interest in early liquidity and estate planning, and was designed to support the evolving needs of long-term investors. A private institutional investor acquired a portion of PathoCare Holdings' outstanding equity in a tender offer authorized by the company's board of directors. 'This tender offer reflects continued confidence in the long-term value and market potential of PathoCare's breakthrough diagnostics platform,' said L. Mychal Jefferson, Chairman of PathoCare Holdings. 'As we scale our technology, we remain committed to supporting the needs of our investors, while enabling mission-critical product development.' In parallel with the tender offer, PathoCare Holdings is reviewing opening a new private equity financing round to raise up to $25 million from qualified institutional investors. The capital will be used to accelerate the development, engineering, and regulatory readiness of the company's flagship product—the PathoWand, a next-generation point-of-care diagnostic device utilizing Raman spectroscopy and artificial intelligence for real-time pathogen detection. This initiative follows a prior $150 million venture investment, acquisition and recapitalization led by Hamershlag Private Capital Management Limited, that resulted in Hamershlag Private acquiring seventy percent (70%) and the original founders receiving thirty percent (30%) of the of the newly restructured and recapitalized company. This marks another major milestone in PathoCare's transformation from a research-stage venture to a commercial healthcare technology platform. Lehrer Financial specializes in non-public company valuations, intellectual property analysis, and merger & acquisition consulting, with expertise extending into litigation support and medical economics. Their valuation process included a comprehensive review of PathoCare's intellectual property portfolio, operating models, industry forecasts, and growth trajectory within the diagnostic testing sector. Lehrer's valuation is supported by robust market and financial analysis and is designed to meet the highest professional standards—providing a credible foundation for both private equity transactions and shareholder decisions. The firm's long-standing reputation for producing concise, defensible, and expert-backed assessments ensured that PathoCare's corporate valuation could stand up to scrutiny from institutional investors and strategic advisors alike. About PathoCare Holdings, Inc. PathoCare Holdings, Inc. is the investment and holding entity created to support venture funding and corporate development of PathoCare, LLC. The company oversees strategic partnerships, capital structuring, and growth planning to expand PathoCare's patented Raman spectroscopy-based diagnostic platform. About PathoCare, LLC PathoCare, LLC is a Houston-based diagnostics technology company leveraging Raman spectroscopy and adaptive AI to deliver accurate, programmable, and reusable point-of-care testing systems. Its patented platform enables rapid, non-invasive diagnostics for bacterial and viral respiratory infections without the need for chemical reagents or long lab processing times. The company is a leader in the Lab-on-a-Chip non-invasive Point of Care diagnostic tests. PathoCare's revolutionary Raman spectroscopy-based testing platform is underpinned by 17 patents. About Hamershlag Private Capital Management, Limited Hamershlag Private is a family investment office dedicated to investing in category defining companies and projects across industries and sectors. They provide long term, flexible capital with a unique ability to act quickly on impactful opportunities. They maintain a diversified portfolio, with a focus on disruptive technologies, climate impact, and emerging industries by cultivating extensive long-term relationships with other family offices and investment firms across asset classes. Hamershlag Private combines institutional infrastructure with core values of flexibility, creativity, and execution.
Time of India
6 days ago
- Science
- Time of India
IIT Dharwad bags projects worth Rs 179cr
Dharwad: The third generation of IIT-Dharwad has bagged over 149 projects worth Rs 71 crore through sponsored funding. Along with this, the premier national technological institute has also received consultancy projects worth Rs 5 crore and has garnered Rs 9.2 crore from CSR funds and Rs 5 crore research initiation grants. Pratyasa Bhui, dean of research and development, IIT-Dharwad, stated that the social impact projects include precision agriculture to improve crop yields and assist management decisions using high-technology sensors and analysis tools. Agriculture drones are also being made. Android applications for periodic crop health monitoring, market forecasts and disease and pest detection are being designed. Machine learning applications in speech processing, translation of educational content to Indian languages and development of text-to-speech systems, sustainable 3D and 4D printing technology with different applications like civil infrastructure, prosthetics, robotic arms, aerospace and biomedical are being designed, he explained. The IIT-Dharwad has focused on indoor drones for firefighters. A drone prototype has been developed to locate people stuck inside a building on fire. Now, work is on developing robots for monitoring power transmission lines and pipelines. In medical technology, portable resistive sensors are developed based on protein biomarkers to detect oral and ovarian cancers. A Raman spectroscopy-based tool has been developed to detect urinary tract infection in a short span of six hours, he elaborated. Prof NS Punekar stated that this academic year, the IIT-Dharwad will start three new programmes in M Tech, two-year MSc and BS in economics. On students' strength, he stated that 983 students are pursuing BTech, 120 MTech and MS courses and 201 are doing PhD. A total of 1,312 students are studying on the campus. At present, the IIT-Dharwad has 92 permanent faculty and 73 non-teaching staff, and in the next four years, it will be increased to 246 teaching and 263 non-teaching staff, he informed.
The Hindu
12-07-2025
- Business
- The Hindu
Kerala example of ‘welfare magnet State', says paper presented at ILO meet
Kerala has set an example of a 'welfare magnet State' through its 'systematic and organised labour welfare initiatives and inclusive development', especially for migrant labourers, says a paper presented at the 'Regulating for Decent Work' conference of the International Labour Organisation (ILO) at Geneva between July 2 and 4. The paper, presented by K. Ravi Raman, member, State Planning Board, also suggests the possibility of designing a better economic and fiscal strategy towards the migrant welfare system, including an 'exclusive budget' for the guest workers. The cost to the State to ensure dignified work and living conditions for them by maintaining welfare benefits for another five years is estimated to be ₹454 crore. Mr. Raman says that Kerala was the first State to implement the Inter-State Migrant Workmen (Regulation of Employment and Conditions of Service) Act, 1979, 'in letter and spirit,' by registering those who bring workers to the State and by providing a comprehensive welfare package for the workers. The government introduced the Kerala Migrant Workers' Welfare Scheme, jointly implemented by the Kerala Building and Other Construction Workers' Welfare Board and the Labour department. The social safety net includes health and education assistance, death benefits, financial aid for repatriating the body of a deceased worker, financial relief for those who are permanently disabled and unable to work, medical benefits, terminal benefits, educational grants, and maternity benefits. The welfare schemes are implemented by the Labour department, the Welfare Board, and the State Health Agency. Migrants are able to generate an average surplus income or savings of about ₹4,000 per month. Moreover, around 32% of them remit more than ₹30,000 per year. It is estimated that the annual outflow to other States from Kerala is between ₹7,500 crore and ₹8,000 crore. The paper points out that rapid urbanisation, demographic shifts, and changes in fertility rates are key factors contributing to Kerala's current status as a favoured destination for inter-State migrants. The State has the highest proportion of elderly people — the non-working-age population — at around 14%, well above the national average of 9%. The total fertility rate has declined to 1.5, well below the replacement level. This drop has led to a shrinking domestic labour pool, a trend that is even more pronounced among the Scheduled Castes, from whom a significant portion of the workforce is drawn. The State's average population growth rate is expected to turn negative within a decade, with some districts having already arrived at this figures. With mortality and fertility rates reaching saturation, Kerala's demand for workers continues to rise and is currently being met by inter-State migrants. The wages on offer are also higher — ₹893.6 compared to the all-India average of ₹417.3. Migration typically occurs from high-fertility, low-wage regions to low-fertility, high-wage regions. However, Mr. Raman points out that with declining fertility rates and rising wages in the sending States, Kerala is likely to witness a drop in the number of inter-State migrants in the near future.
Time of India
09-07-2025
- Time of India
Chandigarh bleeds: 3 murders in 3 days
1 2 3 4 5 6 Chandigarh: Chandigarh's fragile calm shattered once again as a 22-year-old man was brutally stabbed to death in Ramdarbar in the early hours on Tuesday, marking the third murder in as many days and the third killing in the area this year. Raman Chadha, the victim belonging to Dadumajra colony, was stabbed multiple times in an attack carried out allegedly by a group of 7-8 youths. Raman's friend, Tushar alias Kaka, was also critically injured in the incident and is now fighting for his life at GMCH-32. Three of attackers — Roshan Bhaiya (19) from Mohali, and Ravi (18) and Arun Kumar (18) from Ramdarbar — were arrested. Police are now seeking remand to uncover the full extent of the conspiracy and identify other suspects. According to the complaint filed by Gulab, Tushar's father, the two victims were sitting in Hathi Park, Ramdarbar, when a group of 7–8 youths began quarrelling with the duo. As they tried to flee on a motorcycle, the assailants gave them a chase. A little later, the bike crashed near a house in the locality. What followed was a merciless assault with swords and sharp-edged weapons. Even as Tushar passed out, the accused continued attacking Raman with weapons. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like 5 Books Warren Buffett Wants You to Read In 2025 Blinkist: Warren Buffett's Reading List Undo When Gulab tried to save him, the attackers told him to back off, threatening him with dire consequences. Later, police shifted both the injured to GMCH-32, where Raman was declared dead on arrival. This latest murder follows the killing of 18-year-old Dewa, a resident of Jhampur, Mohali, who was stabbed to death just a day earlier. The pattern is chilling — young lives lost to blades in the dead of night. Senior police officials said all the SHOs and in-charges of special wings have been directed to increase late-night patrolling and conduct special drives to nab anti-social elements in their respective jurisdictions.
