Tag: team

TEL AVIV, Israel, July 03, 2025 (GLOBE NEWSWIRE) -- REE Automotive Ltd. (“REE” or the “Company”) (Nasdaq: REE), an automotive technology company that develops software-defined vehicle (SDV) technology solutions, today reported that the Company received a letter (the “Letter”) from the Nasdaq Stock Market LLC (“Nasdaq”) indicating that the Company is currently not in compliance with Nasdaq Rule 5450(a)(1). In particular, the Letter stated that the Company’s closing bid price for its Class A ordinary shares (the “Ordinary Shares”) has been below $1.00 per share for the last 30 consecutive business days beginning on May 15, 2025 through June 27, 2025.

Stockholm, 3rd of July 2025 - Virtune today announces the completion of the monthly rebalancing for Virtune Crypto Top 10 Index ETP, listed on Nasdaq Stockholm for both the SEK-denominated (ISIN code SE0020052207, ticker name VIR10SEK) and the EUR-denominated (ISIN code SE0020052215, ticker name VIR10EUR) ETP.

In addition to the Virtune Crypto Top 10 Index ETP, Virtune's product portfolio includes:

Virtune Bitcoin ETP
Virtune Stellar ETP
Virtune Staked Ethereum ETP
Virtune Staked Solana
Virtune Staked Polkadot ETP
Virtune XRP ETP
Virtune Avalanche ETP
Virtune Litecoin ETP
Virtune Chainlink ETP
Virtune Arbitrum ETP
Virtune Staked Polygon ETP
Virtune Staked Cardano ETP
Virtune Crypto Altcoin Index ETP
Virtune Prime Bitcoin ETP
Virtune Coinbase 50 Index ETP

Index allocation as of 30th of June (before rebalancing):

Bitcoin: 42.02%
Ethereum: 30.73%
XRP: 13.36%
Solana: 8.21%
Cardano: 2.06%
Chainlink: 0.91%
Avalanche: 0.79%
Stellar Lumen: 0.77%
Litecoin: 0.68%
Uniswap: 0.47%

Index allocation as of 30th of June (after rebalancing):

Bitcoin: 40.00 %
Ethereum: 32.33 %
XRP: 13.58 %
Solana: 8.11 %
Cardano: 2.25 %
Chainlink: 0.91 %
Stellar: 0.83 %
Avalanche: 0.80 %
Litecoin: 0.69 %
Uniswap: 0.50 %

In connection with this month's rebalancing, there is no change in the crypto assets included in the index. Virtune Crypto Top 10 Index ETP SEK outcome for June was -0.85%.

The rebalancing is carried out according to the index that the ETP tracks, the Virtune Vinter Crypto Top 10 Index. The purpose of the monthly rebalancing is to ensure that the ETP always reflects the current market conditions and to effectively absorb volatility in the crypto market.

In June, the crypto markets showed varied developments. Uniswap led the gains with a notable +17.8% increase, followed by XRP at +2.95% and Bitcoin at +2.40%. These three were the only assets in the Virtune Crypto Top 10 Index ETP to end the month in positive territory. Most other assets declined. Solana and Litecoin saw modest drops of -1.08% and -1.12%, while Ethereum fell slightly more at -1.62%. Chainlink posted a deeper loss of -4.25%. The weakest performers were Avalanche and Cardano, down -13.7% and -16.6% respectively.

The performance of the crypto assets included in Virtune Crypto Top 10 Index ETP in June:

Uniswap: +17.8%
XRP: +2.95%
Bitcoin: +2.40%
Solana: -1.08%
Litecoin: -1.12%
Ethereum: -1.62%
Chainlink: -4.25%
Avalanche: -13.7%
Cardano: -16.6%

Virtune's crypto index ETP is the first of its kind in the Nordic region. The ETP includes up to 10 leading crypto assets that are part of the Nasdaq Crypto Index, based on their total market capitalization, with a maximum weight of 40% per crypto asset to promote diversification. This allows investors to benefit from broad exposure to the crypto market without being heavily concentrated in any single crypto asset.

If you, as an (institutional) investor, are interested in meeting with Virtune to discuss the opportunities our ETPs offer for your asset management services or to learn more about Virtune and our ETPs, please do not hesitate to contact us at hello@virtune.com. You can also read more about Virtune and our ETPs at www.virtune.com and register your email address on our website to subscribe to our newsletters, which cover updates on Virtune's upcoming ETP launches and other news related to digital assets.

Press contact

Christopher Kock, CEO Virtune AB (Publ)
Christopher@virtune.com
+46 70 073 45 64

Virtune with its headquarters in Stockholm is a regulated Swedish digital asset manager and issuer of crypto exchange traded products on regulated European exchanges. With regulatory compliance, strategic collaborations with industry leaders and our proficient team, we empower investors on a global level to access innovative and sophisticated investment products that are aligned with the evolving landscape of the global crypto market.

DOWNEY, Calif., July 03, 2025 (GLOBE NEWSWIRE) -- Blum Holdings, Inc. (OTCQB: BLMH) (the “Company,” “Blüm,” “Blüm Holdings,” “we” or “us”), a California-based publicly traded holding company and cannabis operator, announced today that it has signed a binding agreement to acquire majority of the membership interests in another licensed adult-use and medical cannabis dispensary in Northern California.

AI Code of Conduct’s six core principles key to ensuring the safe and effective use of AI technologies 

New York, N.Y., July 03, 2025 (GLOBE NEWSWIRE) -- NANO Nuclear Energy Inc. (NASDAQ: NNE) (“NANO Nuclear” or “the Company”), a leading advanced nuclear energy and technology company focused on developing clean energy solutions, today announced that it is the Platinum Sponsor of the upcoming Defense Strategies Institute’s 7^th Annual DoD Energy & Power Summit to be held on July 9-10, 2025, at the National Housing Center in Washington, DC.

MIAMI, July 03, 2025 (GLOBE NEWSWIRE) -- AYR Wellness Inc. (CSE: AYR.A, OTCQX: AYRWF) (“AYR” or the “Company”), a leading vertically integrated U.S. multi-state cannabis operator, today announces that it has received a Notification of Disposition of Collateral (the "Notice") from Anthony J. DePaul, as Agent and Secured Party under the Pledge Agreement dated as of October 1, 2021 between CSAC Acquisition PA II Corp., a subsidiary of the Company, and the Agent (the "Pledge Agreement"). Separately, the Company announces that it has entered into an additional amendment (the “Second Amendment”) to the previously disclosed Limited Waiver Agreement dated June 6, 2025 (the “Original Agreement”), as amended on June 19, 2025 (the “First Amendment”).