Datavault AI stock plummets 50% after firm says it cannot withdraw bitcoin tied to $150 million deal

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Datavault AI shares fell 50% after the company said it could not withdraw the bitcoin tied to a $150 million deal. The issue concerns an agreement with Scilex, under which Scilex agreed to buy Datavault AI shares for $150 million, payable in bitcoin. Datavault AI’s inability to withdraw the bitcoin threatens the completion of the transaction. The stock consequently plunged following the statement.

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Datavault AI stock plummets 50% after firm says it cannot withdraw bitcoin tied to $150 million deal

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Items

Bonds Could Become the Hedge Against AI Selloff as Correlation Turns Negative

Les obligations pourraient devenir un actif de couverture contre la vente de titres liés à l’IA alors que la corrélation devient négative

Hyperliquid draws Kraken parent’s interest – But HYPE’s $75 floor faces THIS

Hyperliquid attire l’intérêt de la maison mère de Kraken, mais le seuil de 75 dollars du HYPE est menacé

Bonds Could Become the Hedge Against AI Selloff as Correlation Turns Negative

Hyperliquid draws Kraken parent’s interest – But HYPE’s $75 floor faces THIS

BNY offers XRP custody, but only 1 rollout type exists