RAIN token pumps 100% as Enlivex announces $212M private placement for RAIN treasury strategy
Key Takeaways
- Enlivex Therapeutics is set to deploy $212 million from a private placement to adopt a RAIN-based digital asset treasury strategy.
- The company has appointed ex-Italian PM Matteo Renzi to its Board.
RAIN, the token associated with the Arbitrum-based prediction market platform Rain, doubled its value after Nasdaq-listed biotech firm Enlivex announced a $212 million private placement to initiate the world’s first treasury strategy centered on the token.
CoinGecko data shows that the RAIN token rose from $0.0038 to $0.0076 briefly after the announcement. As of press time, RAIN was trading at $0.007, up nearly 100% over the last 24 hours.
Enlivex will become the first public company to integrate a decentralized prediction market token into its corporate reserves. The team stated they will continue their clinical development of Allocetra, a therapy targeting osteoarthritis.
The Rain protocol enables users to create, trade, and resolve event prediction markets using a combination of DeFi mechanisms and AI-assisted dispute resolution to ensure fairness and accuracy. It is designed to be permissionless, transparent, and governed by RAIN token holders through a decentralized autonomous organization (DAO).
Alongside the treasury plan, Enlivex said that former Italian Prime Minister Matteo Renzi will join its board of directors. The funds from the placement will support the implementation of this strategy while continuing the company’s development of therapies like Allocetra for osteoarthritis.
Enlivex Chairman Shai Novik noted that growing institutional investments in prediction markets, including Polymarket and Kalshi, signal a maturing sector. He indicated that Enlivex’s RAIN treasury initiative could make it the first US-traded public company to provide access to this emerging sector.
The transaction is expected to be completed on or before November 25, 2025, subject to customary closing conditions.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Fed's Leadership Ambiguity and Divergent Policy Views Fuel Market Fluctuations Ahead of December Meeting
- U.S. Federal Reserve faces speculation over Chair Powell's future amid mixed signals and internal divisions on rate cuts. - Market expectations for a December rate cut surged to 84.7% as officials like John Williams shifted toward easing, while dissenters like Stephen Miran face criticism. - Trump's reported plan to nominate Kevin Hassett as next Fed chair risks politicizing monetary policy, with Treasury yields dipping below 4% on speculation. - OPEC+ supply pauses and political pressures complicate the
XRP News Today: Clearer Regulations Propel XRP ETFs to $628M as the Asset Earns Greater Legitimacy
- Canary Capital's XRPC ETF dominates XRP ETF market with $250M inflows, outpacing all competitors combined. - Grayscale's GXRP and Franklin Templeton's XRPZ drove $164M debut inflows, boosting total XRP ETF AUM to $628M. - 2025 SEC ruling cleared XRP's secondary sales as non-securities, enabling institutional adoption and $2.19 price rebound. - XRPC's 0.2% fee waiver and institutional focus fueled $6B+ ETF trading volumes, reversing prior outflows. - Analysts project $6.7B XRP ETF growth within 12 months
Bitcoin Updates: Anxiety Sweeps Crypto Market, Yet ETFs Ignite Optimism for Recovery
- Crypto Fear & Greed Index hits 20, signaling extreme fear as BTC/altcoins face renewed volatility amid Tether's "weak" stablecoin downgrade. - Tether CEO defends USDt stability with $215B Q3 assets, while Bitcoin-focused firms adopt defensive stances against mNAV risks. - Altcoin Season Index at 25/100 shows modest rebound, with Zcash surging 1,000% and Grayscale filing first U.S. Zcash ETF. - Upcoming spot altcoin ETF launches and potential Fed rate cuts (80% priced) spark optimism despite fragile on-ch
The Impact of Artificial Intelligence on Transforming Business Efficiency and Entrepreneurial Expansion
- AI-driven tools are becoming essential for SMEs and startups to enhance productivity and operational efficiency amid competitive pressures. - McKinsey reports 71% of organizations now use generative AI in 2025, but SMEs lag behind large enterprises in scaling AI adoption. - AI adoption delivers measurable ROI, with case studies showing 15-140% productivity gains in sectors like legal, sales, and customer service. - Investors are prioritizing AI-enhanced SaaS platforms that address SME pain points, enabli
Trending news
MoreCrypto prices
More
