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Laser Photonics Inks Deals With Brokk, Fastenal And ISL To Bring Its Laser Technology To More Markets

Benzinga

By Meg Flippin, Benzinga From removing contaminants and cleaning corrosion to marking and engraving material, Laser Photonics Corporation (LPC) (NASDAQ: LASE) and its laser-based solutions are changing the way industry professionals work. The company's prowess has been on full display this year, with the Orlando, Florida-based company forging key strategic alliances that should position it for growth as it continues to expand. The laser-processing market was valued at $20.64 billion in 2022 and is expected to hit $44.02 billion by 2032 according to Precedence Research. Laser Photonics Corporation stands out in the laser industry space thanks to its next generation of leading-edge laser blasting technologies and equipment that the company says is precise, non-abrasive, eco-friendly, and FDA CDRH-certified. LPC’s technology also addresses the health, safety, environmental, and regulatory issues associated with currently used industrial processes, which is why it continues to gain Fortune 1000 companies in the aerospace, automotive, defense, energy, maritime, and space industries as clientele. Next Up: Robotic Lasers Laser Photonics recently announced a technology partnership with Brokk Inc., a leading manufacturer of remote-controlled robotic machines. The two are teaming up to bring laser technology to the mining, tunneling, construction, metal processing, military, nuclear disposal and decommissioning industries. "Our technology is a perfect match for the dynamic and complex jobs that Brokk machines undertake daily, and we are proud to have forged a technology partnership with the company," said Wayne Tupuola, CEO of LPC. "In this collaboration with Brokk, we stand at the intersection of automation and laser technology, pushing limits and providing operators with cutting-edge machines that help them streamline operations." Through the partnership, LPC and Brokk are aiming to change the way professionals work. Integrating LPC laser cleaning and cutting technology into Brokk's remote-controlled robots will enable operators to handle heavy jobs in dangerous settings more effectively and safely – whether it's decommissioning a nuclear plant or tunneling in a mine. "This technological partnership between Brokk and Laser Photonics translates to their laser cutting and surface cleaning technology being a valuable new addition to our state-of-the-art arsenal," said Brokk's Executive Vice President for Nuclear, Military, Security and Rescue, Tony Marlow. "Our brand is committed to providing reliable and safe remotely operated systems, and we look forward to equipping our robots with cutting-edge lasers. By collaborating with LPC, we continue to distinguish ourselves as the leader in our market while expanding our capabilities,” Marlow said. New Market Opportunities The partnership with Brokk Inc alone presents a big opportunity, but it's not the only recent partnership Laser Photonics has made. LPC recently entered into a distribution agreement with the Fastenal Company (NASDAQ: FAST) – the largest fastener distributor in North America and a leading distributor and provider of industrial technology and products – for its CleanTech line of laser systems. With LPC's laser cleaning technology, users can remove surface contaminants by directing a focused laser beam onto a targeted area to ablate unwanted material. It removes rust and corrosion while leaving the underlying substrate intact. As part of the distribution deal, LPC gets access to Fastenal's global distribution network and will benefit from the company's service model, which centers on approximately 3,300 locations, each supporting its local customer base. Laser Photonics says the partnership gives LPC access to one of the most robust and well-equipped distribution networks in the world. "This agreement will increase our customer base and expand our distributor network while equipping Fastenal with cutting-edge industrial laser solutions that its clients have been demanding," said Tupuola when announcing the distribution agreement earlier this year. "We look forward to building on this new relationship and providing world-class laser systems to an even larger audience." Initially, several products will be offered through Fastenal, including Laser Photonics' CleanTech Handheld LPC-50-CTHD Laser Cleaning System, its CleanTech Blaster Cabinet LPC-50-CTBC Laser Cleaning System and its MarkStar Handheld LPC-20-MSH Laser Engraving System, among others. Troy Parkos, Regional VP of the Wisconsin area for Fastenal, said earlier this year that the company receives a lot of inquiries from clients about laser technologies, including laser cleaning systems. "Our extensive distribution network and ability to deliver, paired with the cutting-edge technology of Laser Photonics, makes this the ideal partners Courting the Defense Industry Those two announcements are just the start for Laser Photonics as the company continues to build out its strategic network and partnerships. LPC recently announced that they entered into a distribution agreement with Incredible Supply & Logistics (ISL) – an award-winning product distribution, mission kitting and third-party logistics company that is specialized in supporting federal government customers and defense contractors as well as serving the maritime and space communities. This partnership will help LPC expand its distributor network while equipping ISL with the cutting-edge industrial laser solutions that its government and defense clients have been demanding. This will serve to increase LPC's presence in the defense industry, which the company has continued to grow. ISL and Laser Photonics have even gone as far as co-hosting an exhibit booth at The Technology Showcase in Norfolk Naval Shipyard (NNSY), which took place in May. The annual event was hosted by NNSY in partnership with the National Center for Manufacturing Sciences (NCMS), providing a platform for contractors and civilians to demonstrate or seek out innovative technologies and prospective solutions for the maritime industry. At the show, Laser Photonics and ISL presented a selection of laser systems, and LPC was able to demonstrate how its products can help with rust control, corrosion control and coating removal, optimizing MRO processes and streamlining inventory maintenance. Laser Photonics also highlighted its full portfolio of industrial-grade laser systems for material processing. Featured photo by Milind Kaduskar on Unsplash. Benzinga is a leading financial media and data provider, known for delivering accurate, timely, and actionable financial information to empower investors and traders. This post contains sponsored content. This content is for informational purposes only and is not intended to be investing advice. Contact Details Benzinga +1 877-440-9464 info@benzinga.com Company Website http://www.benzinga.com

June 21, 2024 08:35 AM Eastern Daylight Time

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North American Gold Rush Spotlights Strategically Positioned Explorers Like Austin Gold (AMEX: AUST)

Benzinga

By Gerelyn Terzo, Benzinga If you haven’t noticed, a 21st-century gold rush is underway, as soaring demand sent the price of the precious metal to an all-time high of close to $2,500 per ounce in May. However, traders and investors remain jittery about an indecisive Federal Reserve on the direction of interest rates this year, watching and waiting for any sign of easing inflation. As a result, after reaching a new record, the price of gold retreated last month, including a drop of over $100 in the United Arab Emirates (UAE) to a two-week low, before recovering. Nevertheless, long-term catalysts remain intact. In addition to providing diversification, gold serves as a hedge against inflation and offers investors a safe-haven asset in an otherwise volatile market environment. Analysts believe the gold price will test the $2,280-$2,300 range next. While gold never really goes out of fashion, economic headwinds coupled with geopolitical tensions have further increased the allure of the precious metal. This backdrop has given exploration companies and investors alike good reason to be more bullish than ever on gold. Whether it’s bars, coins or ETFs, investors are earmarking more of their portfolios for gold these days. In response, the gold price has been on a tear, climbing over 15% higher in the past six months alone, outshining its digital counterpart Bitcoin as investors opt for the physical asset. Through a long-term lens, the price of gold looks even better. Since hitting a bottom in Q4 2022, the value of gold has ballooned by 40%, while increasing almost 500% over the past two decades. As a result, gold explorers like Austin Gold (AMEX: AUST), with drilling projects planned this year on two North American fields, are strategically positioned to benefit from this phenomenon. Gold’s Resilience The Federal Reserve’s hawkish monetary policy combined with high inflation have kept traders and investors on edge. No assets are immune to pullbacks, and gold is no exception. Soon after reaching a new record this year, gold experienced a correction to below the psychologically sensitive $2,300 level in May. If there was any question about the current gold rush, central bankers put it to rest when they started stocking up on the commodity recently. While their interest in gold is nothing new, they have been buying in droves of late amid heightened geopolitical uncertainty, most notably U.S. sanctions on Russia amid U.S. dollar weakness. The bullion buying has been led by the People’s Bank of China, with the precious metal comprising 4.3% of its central bank reserves as of year-end 2023, up from 3.6% in 2022. Many investors view gold’s recent pullback as an opportunity to buy more of the precious metal at a discounted price. A sure sign of this demand can be spotted at big-box retailer Costco, which is having a difficult time keeping enough gold bars on its shelves, owing to robust demand. As of Q4 2023, Costco has been selling gold bars at approximately $2,000 per ounce. The company is generating sales hand over fist, in the range of $100 million-$200 million per month, despite tight profit margins, according to Wells Fargo analysts. Additionally, investors in Bitcoin, which is known as digital gold, are beginning to reconsider whether they should be betting instead on the physical asset. Bitcoin is similarly designed to serve as a safe-haven asset but has not produced the type of gains investors expected of late. Instead, one sector that looks especially attractive is gold mining stocks, which are looking increasingly bullish as the price of the precious metal soars. Billionaire investor and long-term gold bull Ray Dalio, who describes gold as “timeless and universal,” has given a plethora of reasons for owning gold in one’s portfolio. Most recently, Dalio said he’s using gold as a hedge against a potential debt crisis and high inflation, a similar catalyst among monetary policymakers. "[Gold] is held by central banks for this reason. In fact, gold is the third-most-held reserve currency by central banks,” he noted. Dalio, who also holds gold as a way to diversify his portfolio, fears a U.S. debt crisis could send the economy reeling, even into what he calls a “balance sheet recession.” That’s when businesses and households spend more to service debt than to grow the economy, making an even more compelling case for holding a resilient precious metal that is uncorrelated to the broader financial markets. Austin Gold’s Drilling Projects Shine Led by seasoned industry executives and advisors with impressive track records of mineral discoveries, Austin Gold’s management team boasts a deep bench of mining successes. The company’s seven directors have experience bringing exploration projects from discovery to more advanced stages and through to production. They’ve participated in the creation of three billion-dollar market cap resource companies, a model Austin Gold is looking to emulate. Having an experienced team is critically important in the mining sector, where past wins pave the way for future performance. Austin Gold specializes in district-scale gold discoveries in the Southwestern Great Basin area of the United States, with projects in the gold-rich regions like North Central Nevada as well as Southeast Oregon, where they recognize potential for significant discoveries. Nevada comprises three-quarters of U.S. gold production, rivaling the production of entire countries like China, Australia and Russia. “Our view with Austin is let’s go looking in the best jurisdiction for gold in the world, which is Nevada, and look for projects. We’re looking for elephants because we want to take them from discovering them to advancing them and selling them off to a major [mining company],” said Austin Gold Executive Chairman Joseph Ovsenek in a recent interview. As serial mine finders, Austin Gold’s trio of projects include Nevada’s Kelley Creek and Lone Mountain, as well as the Stockade Mountain Project in Oregon. Most recently, the company experienced promising results at its Stockade Mountain, where upon drilling three holes recovered “a high gold value of 9.32 grams per tonne.” In response, Austin Gold plans to initiate another drilling program at a greater depth in this area in the hunt for the high-grade vein deposits formed deeper in the hydrothermal system. The company is encouraged by some positive developments by other producers on the permitting front in the state of Oregon, which sets a precedent for a similar experience at Austin Gold. Investors who are looking to gain exposure to the gold mining industry and all the benefits that this precious metal has to offer, not least acting as a hedge against inflation and a rising price, could consider Austin Gold during these exciting times. Featured photo by Sebastian Pichler on Unsplash Benzinga is a leading financial media and data provider, known for delivering accurate, timely, and actionable financial information to empower investors and traders. This post contains sponsored content. This content is for informational purposes only and is not intended to be investing advice. Contact Details Benzinga +1 877-440-9464 info@benzinga.com Company Website http://www.benzinga.com

June 21, 2024 08:30 AM Eastern Daylight Time

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Bitcoin Slump Spurs Investor Rush to Raboo and Toncoin: A New Crypto Safe Haven?

Total Media

The Bitcoin price is just not doing what everyone wants it to. It’s way too low for anyone’s liking and defying all predictions, and this is causing investors to look at better performers. Toncoin is one of the better performers in the large-cap tokens at the moment, and the new crypto Raboo’s presale is drawing investors thanks to its unique product offering. A closer look at these coins sheds some light on investment decisions. Bitcoin (BTC): Infuriatingly And Confusingly Low Bitcoin Price Leaves Investors Puzzled. ETFs, halving cycles, commercial adoption… all the things everyone said would be needed for a 100k Bitcoin price are in place, and yet Bitcoin is sitting at $63.5k, 13.6% below its ATH. Analysts have been predicting a Bitcoin price breakout for months now. Still, Bitcoin remains stubbornly sluggish, and it seems nobody can agree on why the Bitcoin price refuses to go up. This Bitcoin slump is a double-edged sword as the lower price gives investors a prime opportunity to ‘buy the dip’, but the dip is lasting too long. All the catalyst elements for a bear market have come and gone without the Bitcoin price moving much, leaving investors to wonder if there may not be better investments elsewhere. Toncoin (TON): Not your average coin! Toncoin has been surging on the news of Notcoin. Notcoin? A telegram-based game with over 35 million players. The new crypto Notcoin will be minted on the Toncoin network. The news of Notcoin has seen Toncoin spike with a 8% increase over the last thirty days, making Toncoin a singular green candle in a sea of red. Toncoin has already grabbed headlines as it plows through into the top 10 tokens. A year ago, it was nowhere, but currently, Toncoin sits at a higher market cap than Cardano (ADA), and Shiba Inu (SHIB). With the massive user base of Telegram, Toncoin is probably one of the best coins to invest in. The market loves utility coins, and Toncoin is delivering. Raboo (RABT): New Crypto Combines Meme Coin Cred With Finance Foundations The new crypto coin Raboo is drawing a lot of investor input thanks to its unique blend of AI tech, Meme cool, and financial chops. Raboo has a lot of street cred in the meme department, and the AI engine which creates and curates the memes ensures that Raboo is always fresh, always fun. But let’s be honest: there needs to be more than memes to make a currency worth something, and ‘more’ is something Raboo has in spades. The Raboo ecosystem includes an NFT market to give token holders access to the $40 billion non-fungible token market and a liquidity pool where Raboo can be staked for passive income at astonishing APY rates. Tokenomics-wise, Raboo is limited to 1.8 billion tokens, which already places a scarcity on the token, but with regular token burns, the deflationary model will only see the tokens go up in value over time. And as a cherry on the top – Raboo will even offer branded merchandise because, honestly, who doesn’t want to belong to one of the coolest meme coin communities around! The good news is Raboo is still in presale, which means $RABT tokens are still available at rock-bottom prices. It is expected to explode 100x once it hits the open market. Conclusion: As the Bitcoin price battles to bounce back, the new crypto token Notcoin is giving life to Toncoin and demonstrating that there is still life in the bull market. And speaking of new crypto tokens, the Raboo presale has already gained over $1.6 million in liquidity thanks to the 2,500 token holders and 8,000 subscribers, making it the hottest presale of the year. Raboo’s $RABT tokens are now available in presale at $0.0048. You can participate in the Raboo presale here. Contact Details Total Media Solutions media@Totalsolutionspr.io Company Website https://rabootoken.com?&utm_source=marketing&utm_campaign=NDPR&utm_id=2006-11

June 21, 2024 08:00 AM Eastern Daylight Time

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SMC Completes Asset Purchase of UK-registered ChainTrade Ltd.’s AI-powered Trading Platform

SMC Entertainment, Inc.

Boca Raton, FL, June 21, 2024 -- SMC Entertainment, Inc. ("SMC" or the "Company") (OTC: SMCE), a versatile incubator company focused on acquisition and support of proven commercialized financial services and technology (Fintech) companies, is pleased to announce the closing of the acquisition of ChainTrade Ltd’s AI-powered Trading Platform (the “Platform”). ChainTrade, a UK-registered Fintech company, is a joint Venture between Plato Data Intelligence and Redmatter.Capital. ChainTrade has developed its Platform to allow users to trade Equities, ETFs, Commodities, and Indices with the support of a personalized AI-powered trading assistant. The Platform was built to revolutionize trading and investing by leveraging AI's predictive capabilities. Management believes this will improve research, risk management and asset allocation. The Platform provides the user personalized and customized investment strategies and utilizes AI to evaluate assets within a portfolio. SMC has launched two separate verticals that are being integrated - ChainTrade.AI for use in the USA and ChaniTrade.pro for use internationally. The Company is currently offering a free trial to test the AI Research Advisor software - click here to start your free trial. The launch of ChainTrade’s AI research tools will enable investors to analyze thousands of data points including live price data, performance, investor sentiment, fair value, and risk factors simultaneously. These features enable the ChainTrade AI Research tool to provide timely insights to investors, which in turn allows them to make informed decisions on optimizing their portfolio performance. ChainTrade and its founders have spent the last three years building the required infrastructure to deploy the Platform to the market. Once fully enabled, the Platform will be able to facilitate transactions in a highly secured environment. The Platform's development and features continue to evolve so it can be marketed across emerging markets. Erik Blum, CEO of SMC stated, “We believe the AI-powered Platform will have a direct and significant impact on SMC’s future revenue growth. We look forward to working with the ChainTrade team to expand our market reach and revenue growth.” “We are both motivated and excited to deploy our tech, infrastructure and marketing network via a forward thinking approach towards user acquisitions and sustainability,” stated Bryan Feinberg, Co Founder of ChainTrade.” The terms for acquiring 100% of ChainTrade’s Platform are: (a) issuance of an $8,000,000promissory note, (b) an initial payment of $30,000 on or before closing which SMC has already made, and (c) until cashflow positive, additional payments of $30,000 every forty-five days thereafter to cover customer acquisition, further product development and marketing expenses. About SMC: www.smceinc.com SMC is a versatile holding company focused on acquisition and support of proven commercialized financial services and technology (Fintech) companies. SMC's multi-discipline growth by acquisition approach is to enhance revenues and shareholder equity. About ChainTrade: www.chaintrade.ai ChaintTade LTD is a UK Registered Entity and is affiliated with Red Matter Capital LTD, a registered financial services company, with its subsidiary granted a securities trading license by the Capital Market Authority of Montenegro.. Safe Harbor Statement Some of the statements in this press release may be forward-looking statements or statements of future expectations based on currently available information. Such statements are naturally subject to risks and uncertainties. Factors such as the development of general economic conditions, future market conditions, unusual catastrophic loss events, changes in the capital markets, and other circumstances may cause the actual events or results to be materially different from those anticipated by such statements. The Company does not make any representation or warranty, express or implied, regarding the accuracy, completeness, or updated status of such forward-looking statements or information provided by any third-party. Therefore, in no case whatsoever will the Company and its affiliate companies be liable to anyone for any decision made or action taken in conjunction with the information and/or statements in this press release, or any related damages. Contact Details SMC Entertainment, Inc. Erik Blum, Chief Executive Officer +1 360-820-5973

June 21, 2024 07:50 AM Eastern Daylight Time

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Cadiz, Inc. (NASDAQ: CDZI) Sets the Stage for Expansion with New 50-Year Water Delivery Partnership

CDZI

Water, the essence of life on Earth, remains a vital resource for survival and development. Despite significant improvements, challenges in providing access to clean water persist. Founded in 1983, Cadiz, Inc. (NASDAQ: CDZI) is dedicated to addressing these challenges through a comprehensive range of water solutions. With an extensive portfolio of assets and ongoing initiatives, Cadiz presents a compelling opportunity for potential investors. Cadiz, Inc. is committed to delivering clean, reliable, and affordable water. The company's operations span 45,000 acres of land, 2.5 million acre-feet of water supply, and 220 miles of pipeline assets. Cadiz's business model integrates water supply, storage, pipelines, and treatment technologies to address the multifaceted impacts of climate change on water access. Strategic Initiatives and Financial Stability CDZI has undertaken several initiatives to enhance its market position. The company's acquisition of ATEC Water Systems, LLC, a leader in water filtration solutions, underscores its commitment to addressing groundwater contamination. ATEC has secured numerous contracts, including a $5.2 million project in Gresham, Oregon, to supply filters for manganese removal from local groundwater. This project is part of the Cascade Groundwater Alliance, aiming to reduce reliance on imported surface water and improve local water quality. Cadiz's financial stability is reinforced by recent financing agreements. On March 15, 2024, the company secured a $41.2 million financing agreement with Heerema International Group Services BV, extending its debt maturity to 2027. This agreement provides additional liquidity to accelerate the development of water supply, pipeline, filtration, and storage assets. Further, a financing transaction led by Heerema International Group Services SA on April 25, 2024, bolstered Cadiz's financial position, supporting its growth strategy. Key Projects and Partnerships One of CDZI 's flagship projects is the Solomon Hills development in partnership with Solstra Communities California LLC. This project aims to deliver 1,275 AFY of water from the Cadiz Water Supply and Storage Project to support the development of over 4,000 homes for military and working families along the Central California coast. This initiative highlights Cadiz's role in addressing California's urgent housing needs by providing sustainable water solutions. CDZI is also engaged in partnerships to enhance water infrastructure in San Bernardino County's Mojave Basin region. Collaborating with Fenner Gap Mutual Water Company and the Victor Valley Wastewater Reclamation Authority, Cadiz aims to integrate recycled water from wastewater treatment plants to improve groundwater quality and supply efficiency. Recent Developments and Partnerships On June 20, 2024, Cadiz announced a definitive agreement with the Santa Margarita Water District (SMWD) to deliver water from the Cadiz Water Supply and Storage Project through the company's Northern Pipeline. This 50-year take-or-pay agreement, unanimously approved by SMWD's board of directors, signifies a major milestone for Cadiz. The agreement is expected to generate key revenue streams to support infrastructure financing for the pipeline project. Cadiz will deliver 5,000 acre-feet per year (AFY) to groundwater banks along the 220-mile pipeline in exchange for water that SMWD can obtain from State Water Contractors and local water suppliers. The price per acre-foot, inclusive of all costs, will not exceed $1,650. Susan Kennedy, Chairman and CEO of CDZI, stated, "Santa Margarita's agreement to take delivery of water via the Northern Pipeline will help us meet an aggressive construction schedule to have the pipeline online in 2026." Frank Ury, an SMWD board member, emphasized the importance of diversifying water supply portfolios and reducing dependence on the Colorado River and State Water Project resources. This agreement enables SMWD to access up to 5,000 AFY from the Cadiz Project through the Northern Pipeline, enhancing regional water resilience without waiting for a new pipeline's construction. Future Outlook Cadiz's transformation from a land and water asset company to a prominent player in the global water industry positions it for significant growth. The company's vast aquifer system in the eastern Mojave Desert, estimated to hold 30-50 million acre-feet of water, provides a crucial water resource in a region facing severe water scarcity. By leveraging strategic infrastructure such as pipelines and right-of-ways, Cadiz is poised to operate one of the largest water banks in the world. Cadiz is well-positioned for public partnerships and infrastructure projects. These initiatives aim to bolster water security and address the escalating demand for resilient water management solutions amid climate variability. Conclusion Cadiz, Inc. (NASDAQ: CDZI) stands at the forefront of the water solutions market, driving sustainability and growth through strategic initiatives and partnerships. The company's commitment to delivering clean, reliable water and addressing the evolving needs of communities and industries positions it as a compelling opportunity for potential investors. With a robust portfolio and a clear vision for the future, Cadiz is shaping the future of water management in a rapidly changing world. Disclaimers: RazorPitch Inc. "RazorPitch" is not operated by a licensed broker, a dealer, or a registered investment adviser. This content is for informational purposes only and is not intended to be investment advice. The Private Securities Litigation Reform Act of 1995 provides investors a safe harbor in regard to forward-looking statements. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, goals, assumptions, or future events or performance are not statements of historical fact may be forward looking statements. Forward looking statements are based on expectations, estimates, and projections at the time the statements are made that involve a number of risks and uncertainties which could cause actual results or events to differ materially from those presently anticipated. Forward looking statements in this action may be identified through use of words such as projects, foresee, expects, will, anticipates, estimates, believes, understands, or that by statements indicating certain actions & quote; may, could, or might occur. Understand there is no guarantee past performance will be indicative of future results. Investing in micro-cap and growth securities is highly speculative and carries an extremely high degree of risk. It is possible that an investors investment may be lost or impaired due to the speculative nature of the companies profiled. RazorPitch has been retained and compensated by Awareness Consulting to assist in the production and distribution of content related to CDZI. RazorPitch is responsible for the production and distribution of this content. It should be expressly understood that under no circumstances does any information published herein represent a recommendation to buy or sell a security. This content is for informational purposes only, you should not construe any such information or other material as legal, tax, investment, financial, or other advice. Nothing contained in this article constitutes a solicitation, recommendation, endorsement, or offer by RazorPitch or any third party service provider to buy or sell any securities or other financial instruments. All content in this article is information of a general nature and does not address the circumstances of any particular individual or entity. Nothing in this article constitutes professional and/or financial advice, nor does any information in the article constitute a comprehensive or complete statement of the matters discussed or the law relating thereto. RazorPitch is not a fiduciary by virtue of any persons use of or access to this content. Contact Details Mark McKelvie +1 585-301-7700 mark@razorpitch.com Company Website http://razorpitch.com

June 21, 2024 06:00 AM Eastern Daylight Time

HTX Ventures丨BTCFi and CoreX: Pioneering the Future of Bitcoin DeFi

HTX Ventures

Foreword Singapore / June 21, 2024 – 2024 marks a year of breakthroughs for Bitcoin: BTC ETFs have received approvals from U.S. and Hong Kong regulators. Additionally, with the halving completed in May, Bitcoin is steadfastly moving toward grander goals. On the application side, we've seen ecosystem innovations introduced by Ordinals. Its increasing popularity has led to network congestion, bringing Bitcoin scalability back to the market's attention. Over the past few months, the market has seen a flourishing of Bitcoin Layer2 solutions and sidechains, with BTCFi regarded as a key sector with vast potential for growth. In the early stages of BTCFi's development, we noticed Core, a public chain that addresses Layer1 network security, speed, and decentralization issues with innovative solutions. Its Satoshi Plus consensus mechanism leverages the Bitcoin network's security to deliver efficient transaction processing speed (TPS) while maintaining sufficient decentralization (for details on the Core Chain, see https://docs.coredao.org/core-white-paper-v1.0.7 ). We believe that the Core Chain provides the best environment for developing BTCFi. As one of the Core Chain's earliest ecosystem partners, HTX has strategically invested in CoreX, a decentralized exchange (DEX) built on the blockchain. HTX views CoreX as the future gateway and liquidity hub of the CoreDAO ecosystem, which will offer a brand-new trading experience. This report walks through CoreX's design philosophy, features, and strengths. HTX believes that CoreX will become one of the most competitive DEXs in CoreDAO and, as a booster for the ecosystem, will act as the center of liquidity for CoreDAO users. Why Are We Optimistic About BTCFi? Bitcoin decentralized finance, or Bitcoin DeFi, or BTCFi, means introducing decentralized financial functions into the Bitcoin ecosystem. Bitcoin has long been the blockchain network with the most robust consensus and security. However, due to its lack of smart contract capabilities, Bitcoin cannot host decentralized applications (dApps) like Ethereum or other public chains and is mostly used for "HODLing." For Bitcoin holders, experiences like on-chain lending, decentralized trading, and futures trading have largely been missing. In early 2024, Ordinals and Runes explored new use cases for the Bitcoin ecosystem, demonstrating the market's interest in Bitcoin's general-purpose functionalities. However, we believe that Bitcoin's potential in DeFi is still waiting to be unlocked. Currently, the total value locked (TVL) in BTCFi is close to $1.2 billion, accounting for only 0.09% of Bitcoin's total market cap. By contrast, mainstream public chains with smart contract capabilities have much higher TVL-to-market cap ratios: 14% for Ethereum, 6% for Solana, and approximately 3% for Ton. Even at a 1% ratio, BTCFi has the potential for tenfold growth. We believe BTCFi not only unleashes significant value for Bitcoin but also creates new income-generating opportunities for BTC holders. Through BTCFi, holders can do more than just "HODLing"; they can fully utilize their BTC by staking, lending, and market making, among other means. As BTCFi protocols evolve, they are expected to compete with, and even outperform, existing public chains, fostering a more diverse and robust DeFi ecosystem. The Rise of CoreDAO There are many solutions for expanding Bitcoin's functionality. Core, a Bitcoin-powered, EVM-compatible Layer1 public chain, stands out as a trailblazing approach. Core ensures its security through a consensus mechanism called Satoshi Plus, which combines Delegated Proof of Work (DPoW), Delegated Proof of Stake (DPoS), and non-custodial Bitcoin staking. First, DPoW leverages the security of Bitcoin's PoW, allowing miners to delegate their hash power to Core nodes while providing hash power to the Bitcoin network, thus ensuring consensus security for the Core Chain. Currently, 46% of Bitcoin nodes are delegated to the Core Chain, providing 259 EH/s of hash power. Additionally, Core's security is bolstered by the CORE tokens and Bitcoin delegated within its network, with nearly 125 million CORE and 3,000 BTC staked. This hybrid consensus model of POW and DPOS guarantees network security while enabling fast transaction processing. Core's design of non-custodial staking is another groundbreaking innovation. By eliminating the need to trust centralized custodians, Core allows BTC holders to participate in its consensus and earn staking rewards without losing control of their assets. This significantly lowers the barrier for BTC holders to engage in staking while enhancing Core's security. BTC holders do not need to bridge their assets cross-chain or convert them into wrapped assets like WBTC. This fully non-custodial mechanism can potentially attract massive BTC holders to participate in building the Core network's consensus. Looking toward CoreDAO's future, we believe that DeFi will be a key focus area for the Core ecosystem. Bitcoin users will be able to engage in lending, futures trading, and other protocols while retaining their BTC holdings. Innovations may include using Bitcoin as collateral for opening positions and using Bitcoin for liquidity rewards or staking liquidation. Additionally, on top of staking rewards, liquid staking mechanisms are poised to emerge. What Is CoreX? CoreX, the flagship DEX within the CoreDAO ecosystem, provides users with an outstanding trading environment through its simple yet smart design and comprehensive toolkits. By utilizing the Uni V3 infrastructure, CoreX addresses key challenges such as liquidity shortages and slippage. Additionally, it integrates AI technology to create a vibrant social trading hub. How Will CoreX Create New Trading Experiences? CoreX brings new trading experience to users through its optimized user experience, social features, and AI technology. It aims to lower the barriers for new users, enabling them to easily enter the DeFi space. CoreX significantly enhances the traditional DEX experience by offering a user-friendly trading environment. The platform provides advanced real-time charting tools that allow traders to track price fluctuations of selected tokens. It also integrates technical indicators and drawing tools for deeper analysis. These features are particularly helpful and user-friendly for traders who wish to share their insights on social media. Moreover, detailed information about each trade, including realized profits or losses, is displayed on the trading interface, making important data easy to understand and access. Looking ahead, CoreX plans to introduce customization options that allow traders to tailor their trading environment using an intuitive drag-and-drop interface to meet their specific needs. CoreX also elevates social trading to a new level. It offers global chat rooms and coin-specific chat rooms where traders can exchange ideas and share trading opportunities with each other. Loyal users are given access to 1-on-1 encrypted messaging and the privilege to create private chat rooms. Additionally, CoreX integrates social elements into its operations, including offering high returns through staking programs and hosting exclusive online and offline events to recognize and reward NFT holders. The platform will soon launch a massive social airdrop event that offers up to 10 million tokens, which has garnered much attention. Moreover, CoreX provides a smart trading assistant that uses machine learning algorithms to recommend trading opportunities based on individual preferences, technical analysis, and social media sentiment. It also offers a one-click copy trading feature, allowing users to easily follow the strategies of successful traders. Furthermore, by partnering with algorithmic trading companies, the platform enables precise price predictions, helping users excel in the competitive trading environment. HTX Ventures' Strategic Investment in CoreX Crypto traders are always looking for platforms that offer consistent returns and high-quality trading experiences. CoreX prioritizes user experience and uses social and AI technologies to provide a superior and smart trading environment. This makes it an attractive focus for us. We believe that CoreX's emergence will take CoreDAO's DeFi development to the next level. Moving forward, we will remain committed to the CoreDAO ecosystem, leveraging our resources and strengths to drive its growth. —--------------------------- About HTX Ventures: HTX Ventures, the global investment division of HTX, integrates investment, incubation, and research to identify the best and brightest teams worldwide. With a decade-long history as an industry pioneer, HTX Ventures excels at identifying cutting-edge technologies and emerging business models within the sector. To foster growth within the blockchain ecosystem, we provide comprehensive support to projects, including financing, resources, and strategic advice. HTX Ventures currently backs over 300 projects spanning multiple blockchain sectors, with select high-quality initiatives already trading on the HTX exchange. Furthermore, as one of the most active Fund of Funds (FOF) investors, HTX Ventures collaboratively forges the blockchain ecosystem alongside premier global blockchain funds, including Dragonfly, Bankless, Gitcoin, Figment, and Animoca. Visit us here. Contact Details Michael Wang glo-media@htx-inc.com Company Website https://www.htx.com/en-us/ventures About HTX Ventures HTX Ventures, the global investment division of HTX, integrates investment, incubation, and research to identify the best and brightest teams worldwide. With a decade-long history as an industry pioneer, HTX Ventures excels at identifying cutting-edge technologies and emerging business models within the sector. To foster growth within the blockchain ecosystem, we provide comprehensive support to projects, including financing, resources, and strategic advice. HTX Ventures presently backs over 200 projects spanning multiple blockchain sectors, with select high-quality initiatives already trading on the HTX exchange. Furthermore, as one of the most vigorous Fund of Funds (FOF) investors, HTX Ventures collaboratively forges the blockchain ecosystem alongside premier global blockchain funds, including IVC, Shima, and Animoca. Contact Details Michael Wang glo-media@htx-inc.com Company Website https://www.htx.com/en-us/ventures

June 21, 2024 04:15 AM Eastern Daylight Time

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HTX Steps Up Security Measures with Monthly Reports, Safeguarding User Assets on Full Steam

HTX

According to cyber security statistics, between January 2012 and February 2024, there have been 148 crypto exchange hacks, resulting in a total loss of over $11 billion. Recently, cyberattacks targeting exchange accounts have occurred more frequently, with increasing sophistication. HTX, the world-leading cryptocurrency exchange, has always prioritized user asset security. As part of its security efforts, the exchange has adopted Merkle tree proof of reserves and regularly discloses reserve data. This marks HTX one of the earliest movers in proving platform reserves. From the end of 2022 to the present, HTX has conducted a total of 20 Merkle tree reserve audits, maintaining a reserve ratio above 100% to ensure that users can safely deposit and fully withdraw assets at any time. HTX will publish security reports monthly and let data tell the company's effective efforts in security. HTX's security efforts in May 2024 resulted in: Regarding user asset security as its lifeline, the exchange has taken a wide range of security measures, including monthly disclosures of reserve ratios, monthly security reports, and open-source verification tools for Merkle tree data, wallet address ownership, and on-chain assets. Looking ahead, HTX is poised to employ even higher financial standards to ensure the long-term security of user assets. About HTX Founded in 2013, HTX has evolved over a decade from a simple cryptocurrency exchange to a comprehensive blockchain business ecosystem. This expansion covers a wide range of services including digital asset trading, financial derivatives, wallets, research, investments, incubation, and more. As a world-leading portal to Web 3.0, HTX is committed to a growth strategy focused on global expansion, ecological prosperity, wealth effect, and safety and compliance. This approach enables us to offer comprehensive, safe, and reliable services and value to virtual currency enthusiasts around the world, reinforcing our position as a global gateway to Web3. Contact Details Michael Wang glo-media@htx-inc.com Company Website https://www.htx.com/

June 21, 2024 04:03 AM Eastern Daylight Time

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Inc. Magazine Names Goodway Group One of the Best Places to Work for Third Year in a Row

Goodway Group

Goodway Group, a leading independent digital marketing agency, is proud to announce that it has been recognized as one of Inc. Magazine's Best Workplaces for the third consecutive year. This prestigious award honors companies that have created exceptional environments where employees are engaged, motivated, and committed to their work. Goodway Group continues to lead how the future of work evolves. With a steadfast commitment to a 100% remote workforce since 2008, the company’s values are rooted in employee well-being, continual learning, and unparalleled flexibility. By embracing work-life integration, teams are encouraged to bring their authentic self to work each day to deliver exceptional outcomes for clients. "Our approach, inspired by the infinity loop, is both simple and transformative: By prioritizing our employees, we ignite client success, creating an endless cycle of shared prosperity," said Kandi Gongora, Chief Transformation and People Officer at Goodway Group. "We are unwavering in our commitment to our team, offering flexible scheduling and fully remote work to support their personal and professional aspirations. Our dedication to continuous skill development ensures our employees remain relevant and future-ready, evolving alongside the ever-changing needs of our clients." Inc. Magazine's Best Workplaces 2024 list is the result of a rigorous evaluation process, including a comprehensive survey of employees and an evaluation of company policies, practices, and culture. The winners are chosen based on their ability to create a positive and productive work environment, as well as their commitment to employee satisfaction and engagement. The selection process involves the following steps: Employee Survey: Inc. Magazine conducts an anonymous survey of employees at participating companies, asking questions about their job satisfaction, company culture, and overall work environment. Company Evaluation: Inc. Magazine's editorial team evaluates the company's policies, practices, and culture, including factors such as employee benefits, professional development opportunities, and work-life balance. Data Analysis: Inc. Magazine analyzes the survey data and company evaluations to identify the top-scoring companies in each category. Final Selection: The top-scoring companies are selected as Inc. Magazine's Best Places to Work. "Our infinity loop principle ensures that everything we do for our clients makes Goodway a great place for employees to grow their career, and everything we do for our employees grows our clients’ business," said Jay Friedman, CEO of Goodway Group. " When thousands of companies’ employees are asked anonymously by an outside party to rate their workplace, these are results worth paying attention to and for us, something to be proud of." About Goodway Group Goodway Group is a leading independent digital marketing agency fueled by data, technology and a dedicated purpose of making your media investment perform. Goodway Group’s Outcome Engineering™ powers our full ecosystem, a proprietary philosophy that connects strategy, analytics and precise execution for measurable growth. Goodway Group ranks among the top North American agencies, earning prestigious awards for innovative marketing technology, impactful work and fostering inclusive, remote-first workplaces. We've been honored as a multiyear Ad Age Best Places to Work and received AdExchanger’s Best Use of Technology by an Agency award among other accolades. Our collective media buying power has led to industry-renowned partnerships. We hold certifications and are recognized with preferred partner status across the Triopoly and all major marketing and media platforms. This ensures that our clients' media investments are optimally managed, minimizing fraud and waste, and maximizing effectiveness and value. Our company encompasses five distinct divisions: CvE, a marketing advisory firm; G-Comm, a retail media accelerator; TUFF, a performance marketing agency; Goodway, a managed service media and analytics partner; and GRADIANT, a modern funnel digital media agency. Together, we make up Goodway Group, the marketing engine that unlocks measurable growth for the world's most progressive brands. Learn more: www.goodwaygroup.com Follow us: Insights | X | LinkedIn | Facebook About Inc. Media The world’s most trusted business-media brand, Inc. offers entrepreneurs the knowledge, tools, connections, and community to build great companies. Its award-winning multiplatform content reaches more than 50 million people each month across a variety of channels including websites, newsletters, social media, podcasts, and print. Its prestigious Inc. 5000 list, produced every year since 1982, analyzes company data to recognize the fastest-growing privately held businesses in the United States. The global recognition that comes with inclusion in the 5000 gives the founders of the best businesses an opportunity to engage with an exclusive community of their peers, and the credibility that helps them drive sales and recruit talent. The associated Inc. 5000 Conference is part of a highly acclaimed portfolio of bespoke events produced by Inc. For more information, visit www.inc.com. About Quantum Workplace Quantum Workplace, based in Omaha, Nebraska, is an HR technology company that serves organizations through employee-engagement surveys, action-planning tools, exit surveys, peer-to-peer recognition, performance evaluations, goal tracking, and leadership assessment. For more information, visit QuantumWorkplace.com. Contact Details Kite Hill PR for Goodway Group Alexandra Morrison goodway@kitehillpr.com Company Website https://www.goodwaygroup.com/

June 20, 2024 04:42 PM Eastern Daylight Time

Clean Power Provides Reliable Energy During Peak Summer Months

YourUpdateTV

A video accompanying this announcement is available at: https://youtu.be/GbRFzOdro3A Staying cool in your home in the hottest months of summer is dependent on enough energy being produced and reliable delivery of that energy. On a state and local level, as the electricity grid becomes more stressed not only by increasingly frequent severe weather events, but also by increasing electricity demand, clean energy is serving as a fundamental pillar in bolstering grid reliability. According to the American Clean Power Association, clean energy industry powers more of the United States every day and contributes more to the economy than any other source of energy. Nearly one fifth of all energy in the U.S. is provided by clean power. With just the utility-scale solar, wind, and energy storage systems operating in the U.S. today, we’ve achieved massive environmental benefits through reducing carbon emissions. Clean energy projects already on the grid avoid 426 million metric tons of carbon dioxide per year – that’s equivalent to the total emissions 50 billion gallons of gasoline would produce. As the world becomes more susceptible to extreme weather, clean energy remains sustainable by not using precious water resources for cooling like conventional power plants. These projects save an estimated 211 billion gallons of water each year across the country, enough to fill 319,000 Olympic-sized swimming pools. On June 6th Jason Grumet, American Clean Power Association, Chief Executive Officer conducted a nationwide media tour discussing these topics: · The role clean energy will play in powering the US in the summer. · Local data on your state ranks in clean energy creation and share of electricity. · How is it affecting the air we breathe. · National security implications and the usage of clean energy. Contact Details YourUpdateTV +1 212-736-2727 yourupdatetv@gmail.com

June 20, 2024 04:35 PM Eastern Daylight Time

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