The iShares Biotechnology ETF is the default large-cap vehicle for the sector. It is market-cap weighted, which concentrates the fund in cash-generative incumbents rather than spreading capital across clinical-stage names.
Justin Sun alleges that his investment in World Liberty Financial was procured through fraud, claiming the project is now on the verge of collapse, which raises significant legal and ethical questions.
RaveDAO, the Web3 music and entertainment protocol, has denied allegations of market manipulation following a catastrophic week that saw its native token, RAVE, lose nearly 95% of its value. The project's response comes as the token, which peaked at an all-time high of $28.90 just days ago, is now trading at approximately $1.24, effectively wiping out billions in paper wealth and triggering investigations by major exchanges.
RAVE plunged more than 60% from its high as Binance and Bitget began reviewing the claims. The selloff unfolded rapidly, with price action confirming a disorderly unwind across major trading venues.
