Merck's $6 Billion Bid for Terns Pharma Signals Bold Oncology Push 
Gold Prices Surge on U.S.-Iran Ceasefire Reports 
Oil Prices Plunge Over 6% as Middle East Ceasefire Hopes Ease Supply Fears 
ECB Eyes Rate Hike Amid Iran Conflict-Driven Energy Price Surge 
Wall Street Slides as Iran War Uncertainty, Oil Surge, and AI Fears Rattle Markets 
Innate Pharma Reports 55% Revenue Drop and €49.2M Net Loss for 2025 
Bank of Japan Officials Signal Continued Interest Rate Hikes Amid Inflation Concerns 
Trump Tariffs Show Minimal Economic Impact but Boost Federal Revenue, Study Finds 
Henkel in Advanced Talks to Acquire Olaplex at $2 Per Share 
Japan Eyes Oil Futures Intervention to Stabilize Yen Amid Middle East Crisis 
AWS Bahrain Region Disrupted by Drone Activity Amid Middle East Conflict 
Asian Stocks Gain Amid Iran Conflict Uncertainty 
Finnair Orders 18 Embraer E195-E2 Jets in Landmark Fleet Overhaul 
Golden Dome Missile Defense: Anduril and Palantir Join Forces on Trump's $185B Space Shield 
Asian Currencies Weaken as Dollar Rebounds Amid Middle East Uncertainty and Japan Inflation Data 
Federal Reserve Balance Sheet Reduction: Brookings Research Outlines Possible Path Forward 
Ferrari, the Italy-based sports car maker, has entered the non-fungible token sphere, and this was made possible through its newly-signed deal with Velas, an ecosystem of decentralized products that let people feel the benefits of blockchain technology.
Starting from the next racing season, it was reported that Velas would become one of Ferrari's Formula 1 racing team partners. The two companies inked a multi-year contract to create exclusive digital content for Ferrari fans, as per The Indian Express.
Velas will also be one of the title sponsors of the Ferrari Esports Series and this Esports team is set to compete in the F1 Esports Series. The digital championship is participated in by all teams that are competing in the FIA Formula 1 World Championship.
In any case, most people these days know about the NFT and the blockchain. The non-fungible tokens are more popular because they are digital assets that can be owned. Later, these collectibles can also be traded and some of them are even selling at high prices of up to millions.
In fact, there are moneyed individuals who have already spent more than $9 billion on digital assets. Based on predictions, it was said that total sales for NFT could even reach $17.7 billion by the end of this year as cryptocurrency and NFTs are really the trend and booming right now.
"We are pleased to start this collaboration with Velas Network AG, a company that makes innovation and performance the hallmark of technologically advanced products and services: these are all values that unite us and that led us to choose Velas as one of our Premium Partner," Scuderia Ferrari general manager and team principal, Mattia Binotto, said in a press release with regards to the company's deal with Velas for digital content.
Velas' co-founder and chief executive officer, Farhad Shagulyamov, also expressed the company's pleasure for a chance to collaborate with an iconic brand. "Having built a next-generation blockchain that puts the emphasis both on sustainability and performance, it was natural to partner with another icon of excellence, which is Ferrari," he said.
