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HTX Ventures: Why BounceBit's Innovative Solutions Might Be Key To Unlock the Bitcoin (BTC) Ecosystem?

HTX Ventures

Singapore / March 28, 2024 – With the approval of BTC spot ETFs, institutions and individuals worldwide are increasing their holdings of BTC, spurring a surge in the BTC prices. BTC now ranks among the top 10 assets globally by market capitalization. BTC inscriptions and scaling are two niche segments gaining widespread traction in this market cycle. The exploration of diversifying revenue streams from BTC ecosystem assets is drawing the attention of the cryptocurrency market. So, which solution will become the optimal one to tackle issues such as interest on BTC assets, network confirmation delays, lack of smart contracts, and high gas fees? Current solutions for enhancing the BTC ecosystem include Layer 2s and sidechains. As one of the investor of BounceBit’s 6M funding round, HTX Ventures sees BounceBit, with its CeFi+DeFi product model, as a potentially innovative solution to open up the Bitcoin ecosystem for more application. This research report thoroughly examines BounceBit, outlining its product design philosophy and HTX Ventures' investment rationale. HTX Ventures, the global investment arm of HTX, leverages an integrated approach that combines investment, incubation, and research to identify the most exceptional and promising teams around the world. To date, HTX Ventures has supported over 200 projects spanning multiple blockchain tracks, with some high-quality projects already listed on HTX for trading. What Is BounceBit? BounceBit is a BTC restaking chain exclusively designed for Bitcoin, building BTC restaking infrastructure that provides a foundational layer for different restaking products, secured by the regulated custody of Mainnet Digital and Ceffu. It employs a BTC + BounceBit hybrid PoS mechanism for validation. BounceBit resolves trust issues with underlying BTC assets through multi-party custodianship, creating BBTC for DeFi interactions on the Bounce mainnet. Native BTC assets are used to participate in low-risk arbitrage strategies on various centralized exchanges. Additionally, under a hybrid token staking mechanism, using BBTC+BB (BounceBit's native token) for staking can generate LSD tokens, further obtaining node staking rewards and restaking profits. By combining centralized custody and sidechains, BounceBit aims to address the longstanding trust issues of sidechains while reinvigorating the BTC ecosystem. This will reduce trading fees and unlock the financial potential of BTC, enabling access to applications in DeFi, gaming, social, and more sectors. How Does BounceBit Work? BounceBit's product design is very ingenious, as shown in the following diagram: Users deposit multiple types of on-chain Bitcoin assets into the BounceBit Protocol which is actually supervised by BounceBit, CEFFU, and Mainnet Digital under a jointly managed MPC wallet. This setup is to address trust mechanism issues and ensure the security of user assets. By using off-exchange settlement (OES) solutions like Ceffu’s MirrorX, it gives protocol secure access to the deep liquidity on exchanges and earn yield through diverse trading strategies, while funds stay safe on-chain in MPC wallets, a wallet technology that essentially splits the private key into multiple shards. This way the single point of failure (SPOF) risk is reduced to a minimum. Additionally counterparty-risk is reduced, as the user funds are never actually stored on any centralized exchange, but rather are mirrored by Ceffu. BounceBit works with multiple experienced asset managers with a longstanding positive return track record to trade through MirrorX. All of the asset managers use Funding Rate Arbitrage as their trading strategy. Funding Rate Arbitrage is a profitable delta-neutral strategy which capitalizes on the difference of the funding rate between different markets. On the other hand, after users transfer their native assets into BounceBit, a new asset, B-Token, will be minted. Taking BTC as an example, after depositing BTC, users will receive BBTC assets that operate on the BounceBit mainnet. Currently, there are two main types of on-chain activities for this asset: First, under BounceBit's hybrid staking model, using BBTC+BB (the project's native token) to participate in node staking, while the LST generated from staking can further engage in restaking activities, further amplifying staking returns; second, BBTC can be used in various DeFi interactions on-chain. Currently, BounceBit has launched BounceClub for developers and users, where users can participate in various DeFi activities and income-generating activities on the BounceBit mainnet, increasing the richness of BTC asset earnings. Source:https://x.com/bounce_bit/status/1771481179683692656?s=46&t=ODDW1eIwucwwKwUR-9MGBg In terms of sources of income, by participating in BounceBit's staking and on-chain financial interactions, users can get yield on their assets: CeFi yield from native assets under centralized exchange sub-accounts. DeFi yield from interactions on the BounceBit chain. Staking rewards from using BBTC+BB for staking, as well as restaking profits from LST generated after staking. In summary, BounceBit, while ensuring asset security through multi-party custodianship, offers multiple ways to generate yield. HTX Ventures’ Investment in BounceBit HTX Ventures, being a principal investor in Bouncebit, is confident that Bouncebit is able to address a significant and genuine market demand by leveraging its centralized custody model built upon a standard sidechain. BounceBit's primary objective is to tackle issues such as interest on BTC assets, underutilization of idle BTC, lack of innovation, and high gas fees. Essentially, it aims to provide diverse revenue streams, mitigating Bitcoin's challenge of lacking smart contracts. Current solutions for enhancing the BTC ecosystem include Layers-2s and sidechains. Layer-2 solutions execute Bitcoin transactions off-chain to enhance transaction speed. Examples of Layer-2s include state tunnels and rollups. State channels, like the Lightning Network, have limited scalability and mainly focus on expediting peer-to-peer transactions, making it challenging to deploy Ethereum-level smart contracts. Rollups lack sufficient trust guarantees as Bitcoin Layer-2 solutions cannot be verified by the mainnet upon returning the ledger due to issues with underlying code and signature verification. The most promising approach currently involves upgrading Bitcoin's BIP layer and updating miners' underlying codes based on new Taproot protocols to support OP/ZKP verification and Bitcoin miner calculation. However, there may still be a long way to go before rollups' implementation. Sidechains function as independent chains, allowing users to map Bitcoin from mainnets for application. While sidechains offer better processing speeds, they lack trust verification from the Bitcoin mainnet, thus raising concerns about trust and consensus. Additionally, project misconduct is more likely to occur, jeopardizing the security of mapped assets. This TVL dilemma is common among most sidechains. BounceBit posits that the infrastructure related to Bitcoin is primarily asset-driven, emphasizing how BTC can be utilized in new environments or chains. Unlike focusing on building layer 2 solutions directly atop the Bitcoin chain, BounceBit stands as an isolated PoS layer one. Here, nodes stake both BTC and BounceBit tokens to ensure the security of the chain. The connection between BounceBit and BTC is established at the asset level rather than the protocol level. BounceBit seeks to address the consensus and trust issues of sidechains through centralized custody on top of a regular sidechain. Given current circumstances, this combination of centralization and decentralization may offer a compromise to solve both technical and trust issues. BounceBit's design mechanism and development team have created a competitive edge and opened up opportunities within the sector. Outlook With the approval of BTC spot ETFs, institutions and individuals worldwide are increasing their holdings of BTC, spurring a surge in the BTC prices. BTC now ranks among the top 10 assets globally by market capitalization. Additionally, BTC inscriptions and scaling are two niche segments gaining widespread traction in this market cycle. The progress in these areas has sparked excitement in the market, drawing more attention to the BTC ecosystem. Developers and market participants are exploring additional BTC-based use cases and income opportunities. BounceBit, as a product combining CeFi and DeFi, possesses a certain degree of innovation in its product model. By integrating centralized and decentralized mechanisms, it introduces a tri-party custodianship mechanism into the trust solution, creating new EVM chain assets to invigorate the financial attributes of native assets, potentially becoming a new solution for the Bitcoin ecosystem. Moreover, the project team has demonstrated excellent capabilities in product operation and traffic generation. HTX Ventures expects more technical breakthroughs in the BTC ecosystem, accompanied by the emergence of more ecosystem projects. This trend will fuel excitement and anticipation. Currently, BounceBit's combination of CeFi and DeFi has promising potential for TVL growth and is poised to diversify revenue streams from BTC ecosystem assets. *Special thanks to BounceBit for their support in writing this article. 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

March 28, 2024 05:01 AM Eastern Daylight Time

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News Release

4 Stocks To Watch With Rising Copper Prices

BNNHF, FCX, ERO, FQVLF

A seismic shift has unfolded in the global copper market following a significant announcement from Chinese smelters. On March 13, these influential entities, responsible for processing half of the world's mined copper, jointly declared a production cut. This decision reverberated through the market, sparking a surge in trading activities. As a result, the benchmark three-month copper price on the London Metal Exchange (LME) soared to $8,799 per metric ton, its highest point in seven months. Simultaneously, copper for delivery in May experienced a substantial uptick on the Comex market in New York, reaching $4.06 per pound ($8,932 per tonne), marking a significant 3.3% surge from the previous day’s closing. Moreover, amidst projections of copper's crucial role in the transition to clean energy and net-zero emissions by 2050, its demand is poised for significant growth. Copper is indispensable in renewable energy infrastructure, electric vehicles, grid modernization, and energy storage systems, making it a key enabler of a sustainable energy future. Given this backdrop, investing in copper mining stocks presents an opportune moment. Let's explore four copper mining stocks worthy of your watchlist: Benjamin Hill Mining Corp. (OTC: BNNHF) (CSE: BNN) is a Canadian-listed junior exploration company with a primary focus on advancing the Alotta project, situated in the Yukon Territory, Canada. This project, positioned approximately 50 kilometers south of the Casino porphyry deposit, represents a significant opportunity within the Dawson Range porphyry/epithermal belt. The Alotta property spans approximately 1550 hectares, comprising 74 mineral claims. Notably, the property boasts over 4 by 1 kilometers of in-situ gold soil geochemistry, signaling substantial mineralization potential. Its strategic location in the unglaciated portion of the Dawson Range enhances the prospect's attractiveness for exploration and development. Geologically, the Alotta project shares similarities with the renowned Casino Deposit, including comparable Mesozoic intrusive phases and intermediate composition with porphyritic textures. The property's distinguishing features, such as reduced magnetic intensity due to hydrothermal fluid activity, imply the presence of porphyry-style mineralization processes. Coincident copper/gold in-soil anomalies, as well as magnetic depletion areas within the intrusive complex, add to the project's potential. These features align with established models of porphyry deposits, bolstering the case for significant mineralization within the Alotta property. Additionally, radiometric surveys have revealed large potassic highs within areas of magnetic depletion, indicative of alkalic porphyry systems known for their copper and gold deposits. This geological evidence underscores the prospectivity of the Alotta project and its potential to host economically viable mineral resources. Beyond its Yukon exploration activities, BNNHF holds a strategic 20% interest in Aion Mining Corp., a company focused on the development of the La Estrella coal project in Santander, Colombia. With eight identified seams of metallurgical and thermal coal, this investment diversifies Benjamin Hill’s portfolio and positions it for exposure to the global energy market. Recently, on March 26, 2024, BNNHF announced the successful closing of an oversubscribed $5 million private placement financing. This recent development underscores the company's ongoing efforts to secure funding for its exploration and development projects. The influx of funds from the private placement financing enhances the company's financial position, enabling it to advance exploration activities and potentially uncover valuable mineral resources. This financing success further indicates investor confidence in the company's prospects, which could attract further interest from potential shareholders. It serves as an important catalyst for investors to consider the growth potential of Benjamin Hill Mining Corp. (OTC: NNHF) (CSE: BNN) and its projects, such as the Alotta project in the Yukon Territory and the La Estrella coal project in Colombia Freeport-McMoRan Inc. (NYSE: FCX) stands as a major force in the global copper industry, boasting a robust portfolio of assets and a commitment to excellence. With its headquarters in Phoenix, Arizona, FCX operates a diverse range of large-scale assets across North America, South America, and Indonesia, positioning itself as one of the world's largest publicly traded copper producers. At the heart of FCX's operations lies its strategic focus on copper, gold, and molybdenum mining. The company's flagship assets include the Grasberg minerals district in Indonesia, renowned for its vast copper and gold deposits, and significant operations in North America and South America, such as the Morenci minerals district in Arizona and the Cerro Verde operation in Peru. FCX has continued to demonstrate strong financial performance, reporting impressive earnings and revenue figures. Most recently, in January, FCX reported fourth-quarter earnings of $388 million, surpassing Wall Street expectations. This financial success is attributed to growing demand for copper and higher prices for gold, which have bolstered FCX's fortunes. Looking ahead, FCX remains optimistic about its prospects, expecting to sell 4.1 billion pounds of copper, 2 million ounces of gold, and 85 million pounds of molybdenum in 2024. Moreover, FCX is actively pursuing growth opportunities, with several expansion projects underway across the United States. For example, the company is expanding its Lone Star Mine in Safford, Arizona, aiming to increase copper production and extend the facility's operational life. Additionally, FCX is seeking permits for a pit addition at its copper mine in Tyrone, New Mexico, further demonstrating its commitment to long-term sustainability and growth. In line with its dedication to shareholders, FCX recently announced cash dividends of $0.15 per share, reflecting its performance-based payout framework. This dividend declaration underscores FCX's commitment to delivering value to its shareholders while maintaining financial flexibility and prudent capital allocation. Ero Copper Corp. (NYSE: ERO) (TSX: ERO) is another company that stands out as a compelling opportunity in the copper segment due to its high-margin, high-growth, and low carbon-intensity operations. With headquarters in Vancouver, B.C., and operations primarily based in Brazil, Ero Copper has established itself as a significant player in the copper mining industry. The company's primary asset is its 99.6% interest in Mineracao Caraiba S.A. (MCSA), which owns and operates the Caraiba Operations in the Curaca Valley, Bahia State, Brazil. This complex includes underground and open-pit mines, including the Pilar and Vermelhos underground mines and the Surubim open-pit mine. Additionally, Ero Copper holds the Tucuma Project in Para, Brazil, an IOCG-type copper project with promising prospects. Ero Copper's recent construction update for the Tucuma Project highlights significant progress, with physical completion now over 85%. The project is expected to commence production of copper concentrate in the second half of 2024. The company's focus on safety is evident, with over three million hours of work completed without a lost-time incident. Financially, ERO has reported robust earnings and production results. The company's fourth-quarter copper production exceeded expectations, contributing to record full-year production. Moreover, its gold production has also been impressive, with record numbers achieved during the reporting period. Analysts have also shown confidence in Ero Copper's performance, with increased earnings estimates for the first quarter of 2024. Despite some fluctuations in earnings compared to analyst expectations, the company's overall trajectory remains positive, owing to strong operational performance and strategic growth initiatives. ERO offers an appealing investment opportunity in the copper sector, supported by operational excellence, strategic assets, and prudent financial management. With promising projects underway and a track record of success, ERO makes a fine addition to any savvy investor's copper watchlist. First Quantum Minerals Ltd. (OTC: FQVLF) (TSE: FM) is a global copper company known for producing copper in various forms, including concentrate, cathode, and anode, along with inventories of nickel, gold, and cobalt. With operations spread across several countries and a workforce of approximately 20,000 people worldwide, First Quantum is a significant player in the copper mining industry. In February, First Quantum reported its results for the fourth quarter of 2023, revealing a net loss attributable to shareholders of $1,447 million ($2.09 loss per share). Despite facing challenges, the company's CEO expressed confidence in First Quantum's resilience and the determination of its teams to overcome obstacles. Notably, the company secured a $500 million copper prepay arrangement with Jiangxi Copper, enhancing its liquidity position amidst supply challenges in the copper sector. The fourth-quarter results were impacted by disruptions at the Cobre Panamá mine, leading to a 28% decrease in total copper production compared to the previous quarter. However, the company remains committed to its growth initiatives, including the S3 expansion at the Kansanshi mine in Zambia, which is expected to significantly boost copper production and free cash flows by 2026. Analysts have taken note of First Quantum's recent developments, with RBC Capital Markets upgrading the company's rating from Sector Perform to Outperform. They see potential in the S3 expansion and believe that resolving issues at Cobre Panamá could unlock further value for the company. Stifel Nicolaus has set a price target of C$14.00 for First Quantum Minerals, indicating a potential upside of 5.11% from its previous close. Despite the challenges faced, First Quantum Minerals remains a key player in the global copper market, with strategic initiatives in place to drive future growth and value creation for shareholders. CapitalGainsReport (CGR) 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. CapitalGainsReport (CGR) has been retained by Cambridge Consulting to assist in the production and distribution of content related to BNNHF. 'CGR' 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 CapitalGainsReport 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. CGR is not a fiduciary by virtue of any persons use of or access to this content. Contact Details CapitalGainsReport Mark McKelvie +1 585-301-7700 markrmckelvie@gmail.com Company Website http://CapitalGainsReport.com

March 28, 2024 05:00 AM Eastern Daylight Time

News Release

Payop appoints Anastasia Semenkova as the new CEO

Payop

Payop, a global payment processing platform, is thrilled to announce the appointment of Anastasia Semenkova as its new Chief Executive Officer, effective from January2024. Anastasia joined Payop in 2019 as a Sales Manager before moving into the Head of Payment Operations role after just over a year. In this position, she built a network with payment and financial institutions around the world and fostered new partnerships to create Payop's own Pay-by-Bank solution. In 2023, she moved into a Chief Operating Officer position, setting up the company's global processes and becoming CEO in less than a year. Reflecting on her new role, Anastasia Semenkova expressed her enthusiasm and commitment to steering Payop towards new horizons of success: “Starting my career at the very foundation of Payop, I embraced every role with the eagerness to learn, contribute, and make a tangible difference. My initial position in Sales gave me a client-oriented approach, as our product's growth is intertwined with the success of our clients' businesses. Multiple partnerships with payment companies enriched my understanding of the industry, fostering innovations in online payments through collaboration. Ascending to the COO role allowed me to embed my personal values into our corporate culture, emphasizing client focus, innovation, diligence, and a commitment to continuous learning. I am honoured to lead Payop and a talented Payop team into its next chapter.” Notes to editors: For more information, contact support@payop.com Payop is a global payment service provider enabling businesses of all sizes to manage their payments securely. With a vast network of over 500 payment methods in 170 countries, the company provides reliable and efficient payment processing for merchants venturing into international markets. By facilitating transactions in over 100 currencies, ensuring robust security measures and offering easy integration, Payop empowers businesses to focus on growth and expansion while delivering unparalleled convenience to their customers. Driven by a commitment to innovation and customer-centricity, Payop continues to evolve its suite of services, providing tailored solutions that cater to the specific needs of diverse industries. For more information visit payop.com. Contact Details Payop support@payop.com support@payop.com

March 28, 2024 05:00 AM Eastern Daylight Time

Ariana Resources updates resource and reserve; realises long-term strategy

Ariana Resources PLC

Joining Jonathan Jackson in the Proactive studio is Ariana Resources plc (LON:AAU) managing director Kerim Sener, who sits down to discuss the latest resource and reserve update for the Zenit Mining Operations in Western Türkiye. The update encompasses the Kiziltepe and Tavsan sectors, operated by Zenit Madencilik in partnership with Proccea Construction and Ozaltin Holding, with Ariana owning a 23.5% stake. The update reveals a JORC reserve of 5.3 million tonnes at 1.46 grams per tonne (g/t) of gold and 9.81 g/t of silver, totaling 249,000 ounces of gold and 1.67 million ounces of silver. This indicates a potential for approximately 10 more years of production. Since 2017, the Kiziltepe Sector has produced 151,000 ounces of gold and 1.68 million ounces of silver. The global JORC resource now stands at 10.9 million tonnes, containing 483,000 ounces of gold and 4.45 million ounces of silver, with identified avenues for further resource growth. Dr Sener shares insights on the long-term strategy of combining the Kiziltepe and Tavsan sectors for optimised ore processing, reflecting significant progress since the strategy's conceptualization in 2009. With a substantial increase in gold prices, the company is reassessing pit designs and processing options to extend the life and efficiency of the operations. Investors can look forward to continued exploration efforts aimed at expanding the resource base, with Ariana Resources poised for strategic growth in Western Türkiye's mining sector. Contact Details Proactive UK Ltd +44 20 7989 0813 uk@proactiveinvestors.com

March 28, 2024 04:47 AM Eastern Daylight Time

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Gathering of Teams! HTX Boosts Liquid Restaking Rewards with an Additional $20,000, Empowering Team Play

HTX

HTX Liquid Restaking now boasts a $100 million staking quota after the launch of the last reward boost on March 25. The exchange's super event has emerged as a top choice for users seeking rewards from on-chain ecosystems and attracted wide enthusiastic participation. In response to the wild engagement, the Liquid Restaking event launched the new feature of team participation, a catalyst fostering teamwork, competition, and the chance to seize greater rewards, and empowering users to leverage their influence. Engaging is as simple as creating your own team or joining an existing one. According to HTX's official announcement, the exchange has decided to further boost the event's reward pool by adding $20,000 worth of $HTX specifically for team leaders. (Stay tuned for more incentives for teams and team leaders.) Currently, each team can have a maximum of 300 members. As for the event details, it is reported that snapshots of the event leaderboard will be taken from March 25, 2024, at 09:00 (UTC) to April 24, 2024, at 16:00 (UTC). Rewards worth $20,000 in $HTX will be distributed within 7 working days after April 24, 2024, at 16:00 (UTC). Moreover, the rewards will be given to the leaders of top-ranked teams that hold the top 3 positions for the most days within 30 days by April 24, 2024. The rankings are based on the leaderboard's snapshots taken daily at random time during the event period. Specifically, teams will be ranked based on the team participating amount (the total assets of all members enabled for Liquid Restaking for the designated cryptocurrencies). The leaderboard can be viewed on the event page. Join now! Here's how you can create/join a team: How to create a team: Visit the Liquid Restaking event page > Click on Boost > Create Team > Set up the team profile > Share the invitation poster or link with friends; How to join a team: Scan the QR code on the invitation poster / click the invitation link > Visit the Liquid Restaking event page > Confirm / Enter the team invitation code > Join the team. The HTX Liquid Restaking event boasts features such as high value, free claims, and greater flexibility. Highlights of the event update include: ● Futures accounts are also eligible for participation. You can share corresponding crypto rewards after the platform captures a snapshot of your assets in your Spot account and net equity in your Futures account. ● Boosters. You have the chance to receive up to a 150% boost on your rewards through the following means: 1) Join or create a team. 2) Daily trading fees, including net fees generated from spot, margin, and futures trading. The higher the daily trading fees, the greater your rewards get boosted. 3) $HTX holdings (in Spot and Earn accounts). Users can register for Liquid Restaking with their spot and futures account balances snapshotted to earn rewards, including early airdrops of popular projects such as EigenLayer and Merlin Chain, as well as cryptocurrencies such as ETH, USDT, HTX, and TRX. 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/

March 28, 2024 03:23 AM Eastern Daylight Time

HTX Introduces Fee-Free BTC Trading with Daily 200K USDT Rewards Amid BTC's Surge to $70K

HTX

After experiencing the largest weekly drop in nearly six months, Bitcoin rebounded on March 25, briefly reaching $71,000. At the time of writing, Bitcoin was trading at 70,590 USDT on HTX. According to a report released by 10x Research, Bitcoin may surge to a new high of $83,000 after a period of consolidation. Ki Young Ju, the founder and CEO of CryptoQuant, has warned of a potential liquidity crisis among sellers within the next six months, citing the rapid net inflow of spot Bitcoin ETFs, which exceeded 30,000 BTC in early March. Should such a crisis occur, Bitcoin's next peak could surpass expectations due to limited seller liquidity and a thin order book. Given Bitcoin's heightened anticipation and scarcity, leveraging its volatility for maximum returns is a crucial consideration for investors. In response to this, HTX has introduced the "Trade to Earn" event aimed at enriching trading experiences and offering users opportunities for asset growth. Trade to Earn: HTX's Fee-Free Trading of BTC The Trade to Earn event is a benefit for all trading users at the HTX exchange. After successful registration for this event, participants can earn $HTX as rewards by trading designated cryptocurrencies. Additionally, all daily trading fees generated will be fully utilized for $HTX buybacks to support stable appreciation. 100% of $HTX acquired through buybacks will be entirely burned. Currently, the Trade to Earn event applies to BTC/USDT spot and futures trading. Participation in either trading type enables users to enjoy negative fee rates and stand a chance to share a daily prize pool of 100,000 USDT, respectively. This event enhances the platform's liquidity through reduced trading costs and improved trading efficiency, offering users better trading experience. Meanwhile, the supply of $HTX will be decreased through the event to enhance its stability and value, which will help attract more investors and users to participate in ecosystem development. Most importantly, this burning method also grants more earning opportunities for HTX DAO users. Through participation in liquidity mining and staking, users can receive more rewards in tokens, thereby achieving wealth appreciation. A Guide to Trade to Earn: How to Grab 200,000 USDT Daily According to HTX's announcements, the Trade to Earn event will conclude at 11:59:59 (UTC) on April 14, 2024, for the BTC/USDT spot trading and at 11:59:59 (UTC) on March 27, 2024, for the BTCUSDT perpetual futures trading. A daily prize pool of 100,000 USDT worth of $HTX will be distributed for each pair. The event is on a daily basis. A day is defined from 12:00 (UTC) on Day T to 11:59 (UTC) on Day T+1. For spot trades, rewards will be calculated and updated starting on Day T+2 at 04:00 (UTC), and users can claim their $HTX at any time. For futures trades, rewards will be credited to winners' HTX spot accounts within 3 working days after the end of each round. Trade to Earn is open to all HTX users, including market makers and API traders. To participate in Spot "Trade to Earn", you must have at least 300 Rockets and register on the event page. For the futures event, you must have at least 10 USDT (excluding futures trial bonuses) in your futures account and click on the Register Now button. Notably, starting from 16:00:00 (UTC) on March 19, 2024, trading fees corresponding to participants' rewards in the "Trade to Earn" event will no longer be eligible for commissions or rebates. Other fees generated by their trades will remain unaffected. This initiative aims to further increase the daily buyback amount of $HTX to support stable $HTX appreciation. 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/

March 28, 2024 03:20 AM Eastern Daylight Time

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Online Slots Singapore - Play The Best Slot Online SG

AM Mediterranean

Are you looking for the best real money slots and slots sites in Singapore? Then look no further. Essentially, real money slot games provide Singaporean players with the opportunity to win big real money prizes from the comfort of their homes. Unsurprisingly, this form of gambling has gained a lot more attention in the past three years. Here, we look at everything you need to know to get started… the best slots sites, odds, payouts, progressive jackpots, support, tips, tricks and more. 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Licences signify that they have been given official approval by stringent governing bodies- meaning fairness and trustworthiness. Subsequently, we look at bonuses, promotions, and VIP memberships to gauge how well the site treats its players. The list of software providers and games helps us determine the casino's size and the entertainment value you can look forward to. Finally, we test out the customer service - to ensure you can rely on assistance as and when needed. How to Pick the Right Slot to Play So, you’ve picked your slots site… but how do you pick the right game to get started on? Well, before playing for real money, it's crucial to acquaint yourself with game features through free demo versions of the games, which are available at most online slots sites in Singapore. While the visual appeal may capture your attention initially, there are other factors to consider when deciding whether or not to spend money on the game. 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It is generally downloadable from the store - and is normally compatible with iOS and Android, and sometimes even with Windows and BlackBerry systems. This flexibility ensures that slots can be enjoyed anywhere and anytime, as long as you have a decent internet connection. While some bonuses may be exclusive to web-based users, others cater specifically to mobile gamblers. The advent of HTML5 has undeniably revolutionised the online casino industry as we know it… particularly within the world of mobile slot sites in Singapore. Playing Online Slots Safely and Responsibly It’s worth noting that every single Singapore casino featured in our list of recommended sites are fully licensed and regulated operators, so you can be assured of a fair, transparent, and trusted gambling experience. Rigorous tests are mandatory for every slot casino that wants to obtain and keep a licence, thus guaranteeing the legitimacy of their operations. Prominent regulatory bodies such as the UKGC, MGA, and Curacao Gaming oversee these validations. Moreover, every online casino slots game within these casinos clearly presents its RTP ratio, as this is a mandatory requirement for all licensed operators. This transparency means that you can make the most informed choices about your gaming experience. Additionally, all transactions conducted within these casinos are fully secured by the highest grade SSL encryptions, so you can be assured of the highest possible protection against hacking or unauthorised access to your private and confidential information. Customer Service As well as being licensed and secure, all of our top rated Singapore casino slots platform is required to provide customer support to assist you with account, money, game-related or any other issues. Ideally the, customer support team should be accessible through live chat, email, and phone, offering flexibility in how you choose to communicate. It should also be available around the clock. The top real money slot machine casinos will feature multilingual support, accommodating players who prefer to communicate in languages other than English. This inclusivity is particularly important for those who wish to enjoy the world of online gambling but may be uncomfortable with communicating in English. It should be inclusive and accessible to all. Our Top Tips and Tricks for Playing Online Slots Although slots are completely random… and there’s no way to guarantee a win, there are a few ways to try and maximise success in real cash slot games… so, if you’re wanting to give yourself the best experience possible, follow these steps: Familiarise yourself with the game either through free spins or by playing the game in demo mode first. Learn the symbols, mechanics, and bonus games before spending any real money on the slot. Make the most of your bonuses by picking the ones with the best terms and conditions- and use a payment option with low or no fees. Where possible, select a higher number of pay lines for more chances of payouts. Utilise AutoPlay for automated and more efficient gameplay. Try out Progressive Jackpots if you’re looking for those substantial prizes - but remember that the chances are you won’t win, so don’t spend more than you intended to chasing the jackpot. Cash out any decent profits when you get them. Play games that come with a high RTP for better returns. Keep disciplined in your gambling habits - set a budget and make sure you stick to it. Never gamble more that you can afford to lose - and always keep it fun. Ultimately, preparation is key for those new to online gambling. Start by enjoying free slots games to help you grasp the basics and minimise the risk of financial loss. Also, look to use free spins bonuses when available to get to grips with the game's features, symbols, and bonus rounds. Make sure you select the right payment methods - considering those offering additional bonuses and promotions, lower fees and faster payouts. Opt for a higher number of lines to maximise the potential for payouts, and use AutoPlay of possible for quicker and more convenient play. It’s also good to learn how to play progressive jackpots, timing your gameplay for the best chances of winning big. If you are ahead of the game and have won some decent profits, we recommend you cash out any good wins to safeguard your bankroll. And, of course, as we said previously, prioritise games with high RTP to increase the chance of profitability, so avoid those with low RTP, looking for a minimum of at least 95%. Lastly, always stay disciplined and only ever playing with money you can afford to lose. Best Slots Online Singapore FAQs Are online slots safe and trustworthy? Absolutely. Along as you play at a regulated site such as those we recommend, online slots are not rigged; they operate randomly using a tried and tested RNG, ensuring fairness and transparency in every game. Are real money slot sites safe? Yes, our recommended real money slot games are secure, using the highest end SSL encryption to protect both your money and personal data. What slot features should I know about? You should familiarise yourself with bonus rounds, symbols, and the overall game mechanics to give you the best chance of maximising your success. Can I win real money playing online slots? Certainly! Playing with real money means you can potentially win real money. However, winning real money on online slots requires you to understand the game, its concept, symbols, mechanics and all the available bonus features and rounds. Contact Details Tan Yi Hao +65 9354 2408 wstracke@little.org Company Website https://topasiacasinos.com/

March 28, 2024 02:00 AM Eastern Daylight Time

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Financial Crisis: 1 in 3 Americans Max Out Credit Cards to Survive

Debt.com

The United States has recently witnessed a historic surge in credit card debt, reaching a staggering $1.13 trillion. According to Debt.com ‘s comprehensive survey involving over 1,000 adults, 35% of individuals have exhausted their credit card limits in recent years amidst rising inflation and interest rates. A significant 45% of survey respondents attribute their credit card usage to inflation-driven price hikes, reflecting the struggle to meet basic expenses. Additionally, nearly 9% of respondents resorted to acquiring a credit card to cope with unforeseen financial emergencies. “The current economic scenario underscores the alarming escalation in credit card debt, underscoring the financial pressures faced by numerous Americans. With unprecedented levels of debt and a substantial portion of individuals hitting credit card limits, it’s evident that households are navigating through unique and challenging circumstances.” Howard Dvorkin Millennials’ Debt Nightmare: Overwhelming Credit Card Burden Hits Young Adults Hard Thirty-one percent of respondents with at least $10,000 to $20,000 of credit card debt are millennials, while those carrying the highest debt load of $20,000 to more than $30,000, 13% are also millennials. “Inflation and escalating living costs are forcing individuals to rely on credit cards as a lifeline. While credit cards can offer temporary relief, accumulating debt at a rapid pace is unsustainable and can lead to long-term financial repercussions. People need to exercise caution and seek alternate financial strategies to navigate these turbulent times,” Dvorkin continues. Parental Influence: How Family and Retailers Shape Americans’ Credit Card Habits When respondents were asked who introduced them to their first credit card, 32% said their parents, while 26% said retail stores offered them the first credit card and 12% said it was their school, university, or college. “It’s enticing when we get those credit card offers, and exciting to get that first card; but cash is still the best way to pay. Anything you buy, try to pay cash. If you must use your card, pay off the balance the following month when the bill comes or you’ll end up paying interest; and consumers are being assessed interest rates on credit card balances at about 20%-25%,” said Dvorkin. Debt.com’s Historical Perspective: Slowly Getting Better Since 2018, Debt.com has polled Americans about credit card debt. While life today is very different from that pre-pandemic era, credit cards are just as stressful. For example, this year 35% reported maxing out their credit cards, which is a big improvement from five years ago, when just over half (50.08%) had hit their credit limit and three years ago, it dropped to 43%. To read the rest of the survey findings please visit: https://www.debt.com/research/credit-card-survey. Debt.com is a resource that offers consumers education, self-help guides, professional solutions, and more. On Debt.com, consumers can find expert money advice–how to make it, how to save it, and how to spend it. They also assist consumers by matching them with the perfect debt-solution company for their situation and making sure they are happy with the results. Debt.com has been featured in the Washington Post, Yahoo! Finance, Forbes, and more, making them a pillar of the debt relief industry. Contact Details William Wolf wwolf@debt.com Company Website https://www.debt.com/

March 27, 2024 07:12 PM Eastern Daylight Time

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Foresight Announces Fourth Quarter and Full Year 2023 Financial Results

Foresight Autonomous Holdings Ltd.

Foresight Autonomous Holdings Ltd., an innovator in automotive vision systems (Nasdaq and TASE: FRSX) (“Foresight” or the “Company”), today reported financial results for the fourth quarter and full year ended December 31, 2023. Foresight ended the full year 2023 with revenues of $497,000 and with $15.7 million in cash, cash equivalent and restricted cash. The Company reported a U.S. generally accepted accounting principles (GAAP) operating loss of $16.3 million which is approximately a 7% decrease from the GAAP operating loss of $17.5 million reported for the full year 2022. Foresight reported a GAAP net loss of $3.6 million for the fourth quarter 2023, compared to a GAAP net loss of $3.8 million for the fourth quarter 2022, and a non-GAAP net loss of $3.3 million for the fourth quarter 2023, compared to a non-GAAP loss of $3.4 million for the fourth quarter 2022. A reconciliation between GAAP net loss and non-GAAP net loss is provided in the financial statements that are part of this release. “In 2023, the world was captivated by the potential of artificial intelligence (AI) to revolutionize the ways in which we live, work, and travel,” said Haim Siboni, CEO of Foresight. “This excitement extended to the mobility and transportation industries, as Foresight and its subsidiaries and affiliates gained momentum and drew global interest in their AI-based technologies and other innovative solutions. Foresight recently completed two paid proof of concept (POC) projects with a leading Japanese vehicle manufacturer, demonstrating the widespread commercial viability of our solutions for 3D depth perception. These successful projects follow similar collaborations with leading manufacturers in China, Israel, and South Korea. Foresight continues to execute on its strategy of collaborating with some of the world’s largest Tier One automotive suppliers, indicating expansive and diverse potential for long-term growth." “Foresight recently announced several milestones together with its wholly owned subsidiary, Eye-Net Mobile Ltd. (“Eye-Net Mobile” or “Eye-Net”). Eye-Net has successfully completed the technology validation phase of a multi-phase collaboration project with SoftBank Corp. (“SoftBank”). Moving forward, SoftBank will collaborate with its business partners to initiate sales efforts for Eye-Net's products in Japan. Together, we believe that Foresight and Eye-Net are poised to achieve commercial breakthroughs in 2024,” concluded Siboni. Recent Corporate Highlights: Eye-Net and Softbank Corp. Successfully Complete Technology Validation Phase for Connected Mobility Applications in Japan: In March 2024, Eye-Net announced that SoftBank will collaborate with its business partners to initiate commercial validation efforts of Eye-Net's products in Japan. This follows the successful completion of the technology validation of Eye-Net’s products. SoftBank and Eye-Net have entered into a multi-phase agreement initiated in a paid technological POC, of which the first phase was successfully completed in November 2023. Through this collaboration, SoftBank will initiate sales efforts with its key business partners to move forward with the commercial validation of Eye-Net’s solutions, paving the way for improved collision prevention in Japan. Eye-Net Secures Follow-up Order from Leading Japanese Vehicle Manufacturer: In March 2024, Eye-Net announced that it has received an additional order for a paid development project from a leading global Japanese vehicle manufacturer, following the successful completion of the first two phases of a paid POC project. The parties engaged in a POC project back in February 2023. The successful completion of that phase is a significant milestone, demonstrating the feasibility and potential benefits of Eye-Net's technology for the automotive industry. Foresight Successfully Completes Project with Leading Japanese Vehicle Manufacturer: In February 2024, Foresight announced the successful completion of two POC projects with a leading Japanese vehicle manufacturer. The vehicle manufacturer evaluated the accuracy of Foresight’s unique automatic calibration capabilities to enhance 3D depth perception. Following satisfactory results, the parties are exploring co-development initiatives for further evaluation of the solution’s capabilities. Potential collaboration may involve integration of Foresight’s technology into the manufacturer’s passenger vehicles. Foresight Announces Pricing of $4.5 Million Registered Direct Offering: In December 2023, Foresight announced it entered into definitive agreements with institutional investors and insiders of the Company, including the Company’s Chief Executive Officer (through a company under his control), for the purchase and sale of 4,500,000 of the Company’s American Depositary Shares (“ADSs”) at a price of $1.00 per ADS pursuant to a registered direct offering. The gross proceeds of the offering amounted to $4.5 million before deducting placement agent fees and other offering expenses. Eye-Net Selected by European Software République Consortium to Take Part in the Road Safety Revolution: Foresight’s wholly owned subsidiary, Eye-Net Mobile, signed an agreement to join Software République in November 2023. Software République is a European innovation ecosystem for intelligent, secure, and sustainable mobility, founded by Dassault Systèmes SE, Eviden, Orange S.A., Renault Group, STMicroelectronics N.V and Thales Group. Eye-Net was selected to join Software République’s incubation program for a project that will deliver an accessible vehicle-to-everything (V2X) road safety solution for all road users. Foresight Receives Notice of U.S. Patent Allowance for 3D Image Analysis System and Calibration Technology: in October 2023 Foresight received a notice of allowance from the U.S. Patent and Trademark Office for its patent application, number 17/982,691, for “System and Method for Stereoscopic Image Analysis.” The patented technology enables the generation of 3D depth perception from any given pair of cameras, even those that have different optical properties and fields of view. The patent serves as the underlying technology of Foresight’s Mono2Stereo™ and Mono2Stereo™ 360° perception enhancement solutions. Fourth Quarter 2023 Financial Results Revenues for the fourth quarter of 2023 increased by 39.4% to $138,000, compared to $99,000 for the fourth quarter of 2022. The revenues were generated primarily from the successful completion of a POC project with a leading Japanese vehicle manufacturer in the amount of $60,000, and from the commercialization agreement with Elbit Systems Land Ltd. ("Elbit") in the amount of $57,000. Research and development (R&D) expenses, net for the fourth quarter of 2023 were $2,430,000, a 20% decrease compared to $3,035,000 for the fourth quarter of 2022. The decrease is mainly attributed to a decrease in payroll and related expenses and a decrease in subcontracted work and consultants. Sales and marketing (S&M) expenses for the fourth quarter of 2023 were $290,000, a decrease of 38.4% compared to $471,000 for the fourth quarter of 2022. The decrease is mainly attributed to a decrease in payroll and related expenses and a decrease in consultants. General and administrative (G&A) expenses for the fourth quarter of 2023 were $675,000, a decrease of 37.9% compared to $1,087,000 in the fourth quarter of 2022. The decrease is primarily attributed to a decrease in payroll and related expenses and in professional services. Financial expenses, net for the fourth quarter of 2023 were $255,000, compared to financial income, net of $718,000 in the fourth quarter of 2022. Financial expenses, net for the fourth quarter of 2023 consisted of a loss from the revaluation of the Company’s investment in Rail Vision Ltd. to its fair value in the amount of $759,000, offset by exchange rate differences and others in the amount of $383,000 and by interest income in the amount of $121,000. Finance income, net for the fourth quarter of 2022 consisted of profit from the revaluation of the Company’s investment in Rail Vision Ltd. to its fair value in the amount of $1,267,000 and interest income in the amount of $387,000, offset by exchange rate differences and others in the amount of $936,000. GAAP net loss for the fourth quarter of 2023 was $3,551,000, or $0.011 per ordinary share, compared to a GAAP net loss of $3,820,000, or $0.012 per ordinary share, in the fourth quarter of 2022. Non-GAAP net loss for the fourth quarter of 2032 was $3,293,000, or $0.01 per ordinary share, compared to a non-GAAP net loss of $3,377,000 in the fourth quarter of 2022, or $0.01 per ordinary share. A reconciliation between GAAP net loss and non-GAAP net loss is provided following the financial statements that are part of this release. Non-GAAP results exclude the effect of share-based compensation expenses. Full Year 2023 Financial Results Revenues for the full year ended December 31, 2023, decreased by 9.6% to $497,000, compared to $550,000 for the full year ended December 31, 2022. The revenues were generated primarily from the commercialization agreement of the Company with Elbit in the amount of $250,000 and from the successful execution of several projects including: POC project with two leading Japanese vehicle manufacturers in the amount of $106,000, POC project of Eye-Net with SoftBank in the amount of $34,000 and from a POC project of Eye-Net with a leading Japanese vehicle manufacturer in the amount of $28,000. R&D expenses, net for the full year ended December 31, 2023, were $11,587,000, compared to $11,534,000 for the full year ended December 31, 2022. S&M expenses for the full year ended December 31, 2023, were $1,939,000, a decrease of 13% compared to $2,230,000 for the full year ended December 31, 2022. The decrease is mainly attributed to a decrease in payroll and related expenses and a decrease in consultants offset by an increase in exhibitions and travel. G&A expenses for the full year ended December 31, 2023 were $3,119,000, a decrease of 21.8% compared to $3,989,000 for the full year ended December 31, 2022. The decrease is mainly attributed to a decrease in payroll and related expenses and in professional services. Financial expenses, net for the full year ended December 31, 2023 were $2,119,000, a decrease of 49.8% compared to financial expenses, net of $4,221,000 for the full year ended December 31, 2022. Financial expenses, net for the year ended December 31, 2023, consisted of loss from the revaluation of the Company’s investment in Rail Vision Ltd. to its fair value in the amount of $2,333,000 and from exchange rate differences and others in the amount of $453,000, offset by interest income in the amount of $667,000. Financial expenses, net for the year ended December 31, 2022, consisted of loss from the revaluation of the Company’s investment in Rail Vision Ltd. to its fair value in the amount of $2,208,000, and exchange rate differences and others in the amount of $2,202,000, offset by interest income in the amount of $189,000. GAAP net loss for the full year ended December 31, 2023, was $18,410,000, or $0.056 per ordinary share, a decrease of 15.1% compared to a GAAP net loss of $21,676,000 for the full year ended December 31, 2022, or $0.067 per ordinary share. Non-GAAP net loss for the full year ended December 31, 2023, was $16,969,000, or $0.051 per ordinary share, compared to a non-GAAP net loss of $19,850,000 for the full year ended December 31, 2022, or $0.061 per ordinary share. Balance Sheet Highlights Cash and restricted cash totaled $15.7 million as of December 31, 2023, compared to $26.5 million in cash, restricted cash, and short-term deposits as of December 31, 2022. GAAP total equity totaled $16.0 million as of December 31, 2023, a decrease of 44.4% compared to $28.8 million as of December 31, 2022. The decrease is mainly attributed to the net loss for the period in the amount of $18,410,000 and from share-based payments in the amount of $1,441,000, offset by issuance of ordinary shares, net of issuance expenses, in the amount of $4,183,000. Use of Non-GAAP Financial Results In addition to disclosing financial results calculated in accordance with United States generally accepted accounting principles (GAAP), the company's earnings release contains non-GAAP financial measures of net loss for the period that exclude the effect of stock-based compensation expenses. The company’s management believes the non-GAAP financial information provided in this release is useful to investors’ understanding and assessment of the company's ongoing operations. Management also uses both GAAP and non-GAAP information in evaluating and operating business internally and as such deemed it important to provide all this information to investors. The non-GAAP financial measures disclosed by the company should not be considered in isolation or as a substitute for, or superior to, financial measures calculated in accordance with GAAP, and the financial results calculated in accordance with GAAP and reconciliations to those financial statements should be carefully evaluated. Reconciliations between GAAP measures and non-GAAP measures are provided later in this press release. About Foresight Foresight Autonomous Holdings Ltd. (Nasdaq and TASE: FRSX) is a technology company developing smart multi-spectral vision software solutions and cellular-based applications. Through the Company’s wholly owned subsidiaries, Foresight Automotive Ltd., Foresight Changzhou Automotive Ltd. and Eye-Net Mobile Ltd., Foresight develops both “in-line-of-sight” vision systems and “beyond-line-of-sight” accident-prevention solutions. Foresight’s vision solutions include modules of automatic calibration and dense three-dimensional (3D) point cloud that can be applied to different markets such as automotive, defense, autonomous vehicles and heavy industrial equipment. Eye-Net Mobile’s cellular-based solution suite provides real-time pre-collision alerts to enhance road safety and situational awareness for all road users in the urban mobility environment by incorporating cutting-edge AI technology and advanced analytics. For more information about Foresight and its wholly owned subsidiary, Foresight Automotive, visit www.foresightauto.com, follow @ForesightAuto1 on X, or join Foresight Automotive on LinkedIn. Forward-Looking Statements This press release contains forward-looking statements within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995 and other Federal securities laws. Words such as "expects," "anticipates," "intends," "plans," "believes," "seeks," "estimates" and similar expressions or variations of such words are intended to identify forward-looking statements. For example, Foresight is using forward-looking statements in this press release when it discusses that its collaboration agreements indicate expansive and diverse potential for long-term growth, the belief that it and Eye-Net are poised to achieve commercial breakthroughs in 2024, the potential for SoftBank to initiate sales efforts with its key business partners to move forward with the commercial validation of Eye-Net’s solutions, paving the way for improved collision prevention in Japan and that it expects to explore co-development initiatives with a leading Japanese vehicle manufacturer, for further evaluation of its solution’s capabilities. Because such statements deal with future events and are based on Foresight’s current expectations, they are subject to various risks and uncertainties, and actual results, performance or achievements of Foresight could differ materially from those described in or implied by the statements in this press release. The forward-looking statements contained or implied in this press release are subject to other risks and uncertainties, including those discussed under the heading "Risk Factors" in Foresight's annual report on Form 20-F filed with the Securities and Exchange Commission ("SEC") on March 27, 2024, and in any subsequent filings with the SEC. Except as otherwise required by law, Foresight undertakes no obligation to publicly release any revisions to these forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events. References and links to websites have been provided as a convenience, and the information contained on such websites is not incorporated by reference into this press release. Foresight is not responsible for the contents of third party websites. Contact Details Investor Relations Contact: Miri Segal-Scharia, CEO, MS-IR LLC +1 917-607-8654 msegal@ms-ir.com Company Website https://www.foresightauto.com/

March 27, 2024 05:00 PM Eastern Daylight Time

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Foresight Announces Fourth Quarter and Full Year 2023 Financial Results