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Ethereum Foundation Moves $1.7 Million To Intensify Selling Pressure, Sui (PLX) and Pullix (PLX) Remain Unfazed

Pullix.io

The cryptocurrency market has been experiencing selling pressure since the SEC's approval of Bitcoin ETFs. However, for ETH, the selling pressure has only been intensified as the Ethereum Foundation sold over $1.7 million worth of Ether. Following the sale, ETH has dropped to multi-week lows as the crypto market corrects. Despite the bearish crypto market, top altcoins Sui (PLX) and Pullix (PLX) continue to hold steady. Let's find out how these altcoins have managed to remain bullish in the bearish market. Ethereum Foundation Sells $1.7 Million in ETH, Price Drop Continues Along with the crypto market, the price of Ethereum (ETH) has been in correction mode for over two weeks. However, the Ethereum Foundation has added even more selling pressure after its latest ETH token dump. Wu Blockchain reported that the Ethereum Foundation has offloaded 700 Ether tokens worth over $1.7 million. Following the sale, ETH has been under more intense bearish pressure, dropping by 13% on the weekly chart. From a 2024 high of $2,700, the price of Ethereum has dropped to the $2,200 support. Prominent analyst Ali Martinez has warned that ETH may potentially see a decline to the $2,000 price range after its price fell below the $2,388 support. Pullix (PLX) Shows Strength, Attracts Amidst the market-wide correction, Pullix (PLX) has been one of the top altcoins that have remained bullish. Following its 100% price rally over the last few weeks, this new DeFi project has attracted a ton of investors. As a result, Pullix has managed to raise over $4.29 million as the team prepares to launch its one-of-a-kind DeFi project soon. Pullix (PLX) has piqued the interest of the DeFi market because of its unique blend of features from centralized and decentralized exchanges. As a hybrid exchange, Pullix provides a seamless user experience, allows users to control their private keys, and enhanced security. Trading fees are also cheaper with faster processing times. However, the most talked-about feature of Pullix is its connection to multiple markets. In addition to offering crypto like other exchanges, Pullix lets users trade stocks, forex, commodities, and ETFs. These markets are significantly bigger than crypto, with the OTC derivatives market valued at over $632 trillion in 2022. This is the major reason why market analysts are bullish about the performance of PLX. While PLX is valued at $0.08 per coin, it has been forecasted to increase up to 50x when the exchange hits the DeFi market. Sui (SUI) Maintains Bullish Momentum Sui (SUI), one of the highest-gaining altcoins of 2023, has sustained its bullish momentum into 2024. Unaffected by the recent crypto market correction, the price of Sui has increased by more than 43% year-to-date. This makes it one of the top performers of the early year. There has been more activity in Sui's environment, which may be the reason for the price hike. Recently, Mysten Labs and the Sui Foundation collaborated to introduce the Sui Basecamp. This is the DeFi project's first-ever international conference. Also, Sui and Oracle Stork recently partnered to provide developers with quick pricing information. Final Thoughts With Ethereum failing to break free from bearish pressure, Pullix and Sui have become the go-to altcoins for investors. While Sui has been on a bullish trajectory, it looks set to be outpaced by Pullix thanks to its bigger market potential. For more information regarding Pullix’s presale see links below: Visit Pullix Join The Pullix Communities Pullix is a new DeFi protocol that is launching a hybrid exchange that will seamlessly blend the strengths of centralized and decentralized exchanges into one unified platform. Serving as the pioneer of “Trade-to-Earn” our native token $PLX empowers the community to earn a portion of the daily revenues generated by the exchange. Contact Details Pullix Pr Team contact@pullix.io Company Website https://pullix.io/

January 26, 2024 10:04 AM Central Standard Time

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Blackrock's Bitcoin ETF Sees Large Inflows; Binance Coin and Meme Moguls Soars

Meme Moguls

Blackrock's Bitcoin ETF has caught the eye of investors, witnessing a large inflow of $272 million. On the other hand, two top altcoins to watch, Binance Coin and Meme Moguls, are experiencing an uptick in their prices. Blackrock Sees Inflows Of $272M BlackRock's iShares Bitcoin Trust (IBIT) is seeing significant gains. This is BlackRock's first Bitcoin ETF that is quickly becoming popular. On its seventh day of trading, it had seen $272 million in deposits. This huge influx is very different from the $600 million that left Grayscale's GBTC on the same day. Rachel Aguirre, Head of iShares U.S. Products at BlackRock, discussed the inflows. Aguirre told Bloomberg that IBIT has many clients, such as individual and self-directed investors. According to her, some were ready to put money in from the start. She added that BlackRock was excited for buyers to look into this new type of asset. Binance Coin (BNB) Pumps 10% in the Past Month Binance Coin (BNB), the native token of the Binance exchange, has seen a 10.2% price surge in the past month. Data from CoinMarketCap revealed that Binance Coin price has been trading between $265.09 and $337.43 during this period. Meanwhile, the Binance Coin price prediction sentiment appears bullish. 20 of the altcoin's technical analysis indicators are bullish, while just nine are bearish. In the case of upward price movement, there is a resistance near $298. The next resistance is at $305. A decisive break above $305 might boost prices. In this situation, the altcoin may reach $320. A close above the $320 barrier could lead to a bigger move towards $335. However, Binance Coin could fall to support at $290 and, even then, $285 if it fails to break the $305 resistance. Meme Coin Bull Season Coming, the Best Time To Check Out Meme Moguls (MGLS) Analysts have revealed that a meme coin bull season is coming as investors' interest in meme coins reignites. One network that has caught the fever is Avalanche. The Avalanche Foundation is investing in meme coins via its "Culture Catalyst" fund. This is part of its plan to financially support and buy Avalanche-based memecoins. Analysts have picked one meme coin to lead the next meme coin rally: Meme Moguls. Meme Moguls' play-to-earn approach has attracted a lot of interest. Consider playing games and collecting rewards for your efforts. The platform also lays emphasis on community building. It is about interacting with others, competing, and growing together rather than simply playing. The project is a platform where you can meet new people and share your gaming experiences. NFTs provide a completely new element to the gaming experience. These digital assets have a high value and play an essential role in the game's economy. It adds to the gameplay's appeal and rewards. The new ICO is also about teaching, namely on trading. Trading tournaments and other interactive tools allow you to hone your trading skills so you will become a good trader. Considering all these benefits, it is not at all surprising that analysts are very positive towards Meme Moguls, which at the moment trades for $0.0036 per coin. For those who seek huge profits, this is the new ICO to join. Conclusion A significant amount of interest is being shown towards Blackrock's Bitcoin ETF, and Binance Coin would also enjoy much attention in the long run as its prices keep skyrocketing. While meme coins are dominating the market once again, the likes of Meme Moguls that bring utility are among the top altcoins to watch. To date, the ROI for the investors who invested early in Meme Moguls has hit an impressive 90%. You could be among the next crop of investors to make huge profits by visiting Meme Moguls and signing up for the presale. Visit Meme Moguls Meme Moguls and all cryptocurrencies are subject to significant price fluctuations and volatility. Investing in or holding Meme Moguls tokens carries substantial risks, including the potential for total loss. Past performance should not be considered indicative of future results. Contact Details Meme Moguls contact@mememoguls.com Company Website https://mememoguls.com/

January 26, 2024 08:45 AM Central Standard Time

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Maximizing Portfolio Diversity With Moomoo's Stock, Bond And Bitcoin ETFs

Moomoo

By Meg Flippin, Benzinga Moomoo is a dynamic trading platform providing a range of professional-grade tools and detailed market data available to investors around the world. The platform is designed to serve both beginners and experienced traders, offering a combination of user-friendly interfaces and advanced trading features. These features include access to real-time market data and extensive technical analysis tools, all of which are intended to support users in achieving their long-term financial objectives. Moomoo's approach integrates both simplicity in usage and sophistication in functionalities, catering to a diverse set of needs and trading styles. Along with Moomoo's user-friendly features and real-time data, the platform also offers an opportunity to trade a variety of products including stocks, options, and exchange-traded funds (ETFs). The latter of these – ETFs – is particularly relevant as investor demand for simpler and thematic products drives interest in platforms that offer a diverse selection of these investment vehicles. The Rise of ETFs One commonly-used product among many investors using Moomoo's app is ETFs. Thanks to their multiple advantages over other investment vehicles, ETFs have surged in popularity over the years. Since their 1993 launch, global ETFs assets are projected to hit $14 trillion by the end of 2024(1). Some of their allure comes as ETFs combine the diversity of a mutual fund with the ease and liquidity of stock trading, providing a balanced and simpler approach to portfolio management. With lower overall costs and a wide range of investment sectors – from bonds and stocks to more niche areas like the sustainable energy and marijuana sectors – ETFs deliver an easy-to-use option for investors looking to diversify their holdings and manage risks associated with market volatility with a single investment. Through ETFs, investors can gain exposure to the trends and sectors they want without the need of owning dozens of stocks or performing constant transactions which could hamper their performance. Keep in mind, as with any investment vehicle, ETFs are not without risks. Some disadvantages can include market risks--typically the biggest one for an ETF. If the underlying index an ETF tracks declines in value from negative price movements, the ETF’s value also falls. Additional risks can include, but are not limited to, a lack of understanding about the underlying index and their risks, tax risks, counterparty risks, shutting down risks (closing an ETF), and trading risks. You should consult with an investment professional if you have questions about ETF risks. Advantages Of Trading ETFs On Moomoo Trading ETFs on Moomoo is, first and foremost, about diversification and convenience, but it’s also about experiencing those advantages in a supportive trading environment. The platform's commitment to $0 commission trading and access to 3,000+ U.S. exchange-listed ETFs is a testament to its dedication and affordability. Within those 3,000+ ETF options, investors also have access to an incredibly diverse selection of funds, including stock, bond, index, commodity, dividend, sustainable, leveraged and inverse ETFs. Furthermore, Moomoo provides all the market information investors will need on ETFs, including ETF holdings, assets under management (AUM) and performance in a digestible interface, enabling them to make more informed decisions. Finally, the availability of 24/7 support, coupled with educational resources and a thriving online trading community, makes moomoo a holistic platform for both learning and trading ETFs. Bitcoin ETFs On Moomoo In a significant stride toward embracing the burgeoning cryptocurrency asset class, moomoo has expanded its ETF offerings to include the newly-approved Bitcoin ETFs. This addition further underscores the platform's commitment to constantly expanding its investment options with a diverse range of sectors capable of appealing to all users and trading styles. The inclusion of spot Bitcoin ETFs, which directly hold Bitcoin assets, opens a new avenue for investors to gain exposure to the cryptocurrency market previously limited to crypto exchanges. Put simply, the new ETFs offer a simplified approach for those looking to diversify their portfolios with digital assets. However, it's crucial for investors to understand the risks associated with cryptocurrency investments and only consider approaching them with a high risk tolerance. The New Era Of ETFs With Moomoo While Moomoo's platform is a competitive broker for a wide variety of investment opportunities, it’s particularly compelling for its ETFs, especially considering the recent addition of Bitcoin ETFs. The platform offers a combination of competitive low fees and extensive market information, catering to a range of investor needs. With its diverse offerings of ETFs, stocks and options, Moomoo is undoubtedly a competitive option for investors from all corners of the market looking to explore and navigate the financial world. Moomoo is an investment and trading platform that empowers global investors with pro-grade, easy-to-use tools, data, and insights. We believe investing is a transformative and long-term journey. That's why moomoo empowers investors with the tools and data they need to help unlock their financial potential today and in the future. Whether you're a beginner or a pro, moomoo is here to power your investment journey. With access to a wide range of both user-friendly and advanced features, including real-time market data, technical analysis tools, and in-depth order book data moomoo users can potentially enhance their trading strategies to pursue their goals. Our mission is built on three core values: transparency, innovation, and community. By using these values to guide us, we deliver a comprehensive investment experience for individuals across all trading levels. This post contains sponsored content. This content is for informational purposes only and not intended to be investing advice. Investing is risky. Moomoo is a financial information and trading app offered by Moomoo Technologies Inc. In the U.S., investment products and services on Moomoo are offered by Moomoo Financial Inc., Member FINRA/SIPC. Important Information: Before investing in an ETF, you should read both its summary prospectus and its full prospectus, which provide detailed information on the ETFâs investment objective, principal investment strategies, risks, costs, and historical performance (if any). You can find prospectuses on the websites of the financial firms that sponsor a particular ETF, as well as through your broker. A Word About Risk: Investment returns will fluctuate and are subject to market volatility, so that an investor's shares, when redeemed or sold, may be worth more or less than their original cost. ETFs are subject to market volatility and the risks of their underlying securities, which may include the risks associated with investing in smaller companies, international securities, commodities, fixed income, and more. An ETF may trade at a premium or discount to its net asset value (NAV). Cryptocurrency ETFs are speculative and involve a high degree of risk. An investor may lose all or substantially all of an investment in the Fund. Bitcoin has historically exhibited high price volatility relative to more traditional asset classes, which may be due to speculation regarding potential future appreciation in value among other factors. The performance of these ETFs should follow bitcoin prices closely, minus fees and the fundâs trading costs. Before investing in an ETF, you should read both its summary prospectus and its full prospectus, which provide detailed information on the ETFâs investment objective, principal investment strategies, risks, costs, and historical performance (if any). You can find prospectuses on the websites of the financial firms that sponsor a particular ETF, as well as through your broker. Benzinga was commissioned for this article and is not affiliated with the Moomoo app or its affiliated companies. This includes Moomoo Technologies Inc. (MTI) provider of the app and Moomoo Financial Inc. (MFI). Member FINRA/SIPC, which offers securities in the U.S. Contact Details Klim Yeeloy kyeeloy@us.moomoo.com Company Website http://www.moomoo.com

January 26, 2024 09:00 AM Eastern Standard Time

Socioeconomic Shifts In Argentina: Property Deeds Signed In October Up 53% Y-O-Y, Gaucho Holdings (NASDAQ: VINO) Optimistic About The Future

Benzinga

By Faith Ashmore, Benzinga Earlier in November, Argentina elected right-wing libertarian Javiar Milei as president; he ran on the promise of economic shock therapy, which resonated with voters. The new president has brought a sense of optimism to his base and real estate experts are noticing an uptick in inquiries for family homes and buildable lots in the wake of the election. Despite the historical unpredictability of the Argentine economy, property prices are on the rise and there was a 53.3% increase in property deeds signed in October compared to the previous year. For individuals and companies that already have a foothold in Argentine real estate, 2024 could prove to be a profitable year marked by growth and expansion. Argentina’s Gaucho Group Holdings Inc. (NASDAQ: VINO), which focuses on luxury industries and luxury real estate, seems well-positioned to be a leader in the space as Argentina’s economy rebounds. Gaucho Holdings has been investing in the Argentinian market since 2007 and has no intention of slowing down. The global luxury market is witnessing growth in light of a resurgence of social interactions and travel. The global luxury market is expected to reach $1.6 trillion in 2023, witnessing 8-10% growth over 2022. Despite macroeconomic challenges, the luxury market has shown resilience, and companies like Gaucho Group Holdings seem to be gearing up for growth. In mid-November, Argentine shares rose 28% on Wall Street, reflecting a positive market reaction to the election. Scott Mathis, Chairman and CEO of Gaucho Holdings, shared, "When a country like Argentina shifts from a position of no leverage to leverage, the implications are profound. This could very well be the greatest movement in asset valuation in real estate since the post-World War II era." The company is also in support of President Milei’s plans for Argentina’s dollarization, believing it will help further stabilize the country’s market. Gaucho Holdings’ position in the Argentine real estate market stems from the company’s early entry, established operational presence and diverse portfolio. The company also boasts a seasoned management team with a deep understanding of the market. Scott Mathis is also recently quoted as saying, "Argentina is on the cusp of an economic resurgence. We've been committed to Argentina since 2007, and our deep-rooted presence there, coupled with our diversified business model, positions us uniquely to harness the potential of this new economic era. We are excited to advance our plans and contribute significantly to and benefit from the country's growth trajectory." The company’s mission to source and develop opportunities in Argentina’s undervalued luxury real estate market could be coming to fruition in light of the recent political and socioeconomic shifts in the country. As Argentina’s global economic standing increases, Gaucho Holdings could be uniquely positioned to capitalize on increased opportunities. 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 not intended to be investing advice. Contact Details Benzinga +1 877-440-9464 info@benzinga.com Company Website http://www.benzinga.com

January 26, 2024 08:55 AM Eastern Standard Time

Is Fractional Real Estate Investing The Future Of Gen Z Portfolios?

Benzinga

By Austin DeNoce, Benzinga Technological innovations and shifting priorities among the younger generation are driving significant changes in the world of finance, including public markets. Representing about 20% of the U.S. population, Generation Z is at the forefront of this transition, rewriting the rules of investing as they enter the workforce and shape their financial future. More specifically, this generation is moving away from traditional investment strategies, embracing alternative and fractional investments as key to achieving financial independence and security. Exploring Alternative Investments The traditional investment landscape is dominated by stocks and indexes like the S&P 500, but it’s losing its allure with Gen Z. The past year alone saw economic uncertainty weigh on many traditional markets, prompting these young investors to seek alternatives. From the tangible assets of real estate, artwork and precious metals to the digital world of cryptocurrencies, Gen Z is diversifying its portfolios with a keen eye on higher returns and hedging against inflation. However, alternative investments can come with certain challenges – such as adequate liquidity and different flavors of market regulation – that can require a more nuanced and thoughtful investment strategy. That said, these concerns seem to be outweighed by their advantages and alignment with Gen Z’s financial reality. Gen Z’s Financial Snapshot Gen Z's current financial standing provides much-needed context for understanding its transition into unconventional assets and investment strategies. Perhaps one of the most important factors to consider is that 46% live paycheck-to-paycheck. Meanwhile, 43% are juggling multiple jobs, and 3 out of 10 are feeling financially insecure, with 26% doubting their ability to save enough for retirement. Finally, while their parents may have had their sights set on a house at the age of 30, 22% of Gen Z are simply aiming for financial independence by that age, underscoring a generation with far less money to invest than the generations before them. The Allure Of Fractionalized Investments Within this context, it should be no surprise that fractionalized investment is a concept that resonates strongly with Gen Z. The lower barrier to entry into the investment world by breaking down traditionally large capital requirements into custom, bite-sized investments isn’t just appealing, it’s often the only option for a less cash-flush generation. However, fractional investing also aligns perfectly with Gen Z's values of accessibility and technological ease, opening up a world of owning a small slice of a company, an artwork or a piece of real estate to an entire generation – right from their phones. Groundfloor: Fractionalized Real Estate Investment Real estate investing is frequently seen as the bastion of the wealthy, but it’s now within reach of the average investor thanks to platforms like Groundfloor. This innovative platform allows for fractional investment in real estate, a move that aligns seamlessly with Gen Z's appetite for alternative investment avenues and lower barriers to entry. With just a few clicks, anyone can start investing in a diverse selection of properties across various locations, enabling exposure to a tried and true asset class previously uninvestable to those without access to large pools of capital. With Groundfloor’s focus on providing more options and diversification, it’s empowering a new wave of real estate investors, and the company boasts a 10% average return and more than $1 billion invested on its platform during the decade it’s been in business. The Future Of Finance Generation Z is charting a new course in the world of investing, with their preference for alternative and fractional investments reflecting a broader shift that values optionality, technological integration and accessibility. As financial realities steer Gen Z away from traditional financial paths, its evolving approach offers a glimpse into the future of investing – one that is inclusive, varied and ripe with innovations to meet their needs. As they continue to navigate this evolving landscape, their choices will undoubtedly shape the future of financial products, with innovators like Groundfloor ready to facilitate their evolving financial goals. 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

January 26, 2024 08:50 AM Eastern Standard Time

How Super League Enterprise Is Helping Shape The Future Of Web 3.0 With 3D Engagement

Benzinga

By Austin DeNoce, Benzinga Immersive experiences are everywhere around us. The lines between reality and virtual reality are blurrier and more valuable with each passing year, and more and more companies are diving into the digital world headfirst. Super League Enterprise (NASDAQ: SLE) is one of those companies as a leader in crafting engaging virtual experiences. The company leverages its substantial user base to forge connections between global brands and the Web 3.0 and gaming community by harnessing the power of immersive technologies to captivate and connect with a generation that increasingly can only be found in a digital world. The buzz around creating immersive online experiences may be lost on older generations that have been relatively slower entering new digital frontiers, but younger generations have fully embraced 3D engagement. Super League Enterprise’s Immersive Media Expansion The pioneer in immersive web activations and user engagement today boasts over a billion monthly impressions and over 120 million active players. The company’s mission is to help brands embrace 3D engagement as a fundamental component of Web 3.0, which it believes is the inevitable way digital advertising dollars will be directed in the future for deeper engagement with new audiences. During 2023, the company was a leader in building immersive 3D experiences across major digital platforms, including Roblox (NASDAQ: RBLX), Minecraft which is owned by Microsoft (NASDAQ: MSFT), Fortnite, Sandbox and Decentraland. The company's strategy focuses on helping brands connect with large audiences in those established 3D environments. Its creator-friendly tools also help transform owned web domains through custom 3D experiences. Tools For 3D Engagement As brands shift digital advertising to make Web 3.0 connections with Generation Z and Alpha, Super League provides creators with a content development platform packed with enough proprietary IP to be an end-to-end operating system for the 3D Web. Super League reports that last year turned out to be a year of strong momentum for the company, highlighted by accelerated growth, streamlined operations and the largest contract in the company’s history – leading to record annual revenues of approximately $25 million. This highlights their growing role in the metaverse and digital engagement strategies. The company has partnered with brands like Barbie from Mattel Inc. (NYSE: MAT), Patrick Star (NASDAQ: PARA) and Chipotle Mexican Grill, Inc. (NYSE: CMG) to connect brands with gaming communities through immersive experiences. Heading into 2024, the company reports more global brands are navigating into Web 3.0 with a planned ramp-up of ad spending in the nascent marketing channel. “Super League is uniquely positioned to be the omni-channel solution for 3D engagement in the arena where brands in the near future will likely spend the majority of their digital advertising,” said Ann Hand, CEO of Super League. “Our capabilities as a platform for short-term advertising campaigns are evolving and our deals are getting much larger as customers discover the value in deeply immersive experiences that deliver revenues that are more recurring and forecastable.” As an example, Super League in 2023 launched the Hamilton Simulator, a Web 3.0 experience that attracted an audience of 6.5 billion for an interactive discovery of the epic Broadway saga’s groundbreaking music. The company reports that the experience went viral with over 1 million visits in the first two weeks, surpassing the top session time of Roblox experiences at an average of 21 minutes. Pioneering Immersive Media The landscape of media is quickly changing, forcing brands and creators to adopt new strategies to engage with a younger audience that increasingly socializes online. Industry giants like Meta Platforms (NASDAQ: META) have already begun making investments in immersive experiences, and as the shift into the digital world increases with innovations in the metaverse or other similar technologies, immersive media is becoming critical for brands seeking to capture the attention of the next generation. Super League believes it is on track to be a gold standard for creating multi-layered, persistent 3D Web solutions in a market it expects will reach $56 billion this year. The company has pioneered immersive activations and player engagement for close to a decade simply responding to the demand for a scalable, integrated publishing platform for immersive web experiences. Platforms to help brands leverage their IP in new and creative ways constitute a growing sector of the media industry. In this new landscape, Super League's approach is clear: equip brands with the knowledge and tools to create engaging digital experiences that drive higher audience engagement and more effective advertising campaigns. Super League Is Upping Its Game Last year, the company integrated generative AI technologies into its creative process tools for significant improvements in content development, color inspiration, image adjustments, audio generation and script refinement. It was an evolution for the company’s already robust content visualization and production solutions capabilities that it believes increases internal efficiencies and opportunities for continued, sustained new business and revenue growth. Super League Enterprise is capitalizing on the shift toward immersive digital environments. In 2023, it reduced its operating costs by 33% while serving some 100 brands and IP owners to successfully raise gross proceeds of $24.8 million and secure $4 million in accounts receivable. It last announced preliminary revenue for the fourth quarter that showed it grew 32% year over year to a company record of approximately $9.4 million. With additional cash from recently secured financings, it’s confident it is now more than ever in a position to drive significant revenue growth leading to profitability. The company's proprietary creator tools and vertically integrated publishing engine could position it as a promising player in the transition to a more interactive and immersive online world. Ultimately, Super League's growing list of partnerships and commitment to innovation in connecting brands with Web 3.0 and gaming communities highlight their strategic approach to audience engagement and advertising in the new dawn of immersive media. 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

January 26, 2024 08:45 AM Eastern Standard Time

InMed Pharmaceuticals Has Multiple Milestones Coming Up In 2024, With A Focus On Three Conditions With An Unmet Need

Benzinga

By Meg Flippin, Benzinga Cannabinoids are having a moment in treating everything from Alzheimer’s to ocular diseases and InMed Pharmaceuticals Inc. (NASDAQ: INM) seems to be at the center of it all. The leader in cannabinoids and cannabinoid analogs pharmaceutical research, development, manufacturing and commercialization hit key milestones in advancing its cannabinoids-based treatments for Alzheimer’s disease, age-related macular degeneration (AMD) and epidermolysis bullosa in 2023 with more inroads to come in 2024. Take Alzehimer’s for starters. The disease is a big and growing problem afflicting about 6.7 million people 65 and older in the U.S. By 2060 it’s projected that 14 million people in the U.S. will suffer from the degenerative neurological disease. Treatments exist to address the symptoms related to memory and cognitive function and in some instances slow the rate of cognitive decline, but none have been able to reverse disease effects. Making An Impact InMed hopes to change that with INM-901, a rare cannabinoid analog the company says has the potential to target several biological pathways associated with Alzheimer’s. Previous industry research has shown cannabinoids hold promise in not only slowing the progress of Alzheimer’s but potentially reversing its effects thanks to their neuroprotective and regenerative properties. InMed’s data from preclinical i n vivo studies released last year showed INM-901 improved cognitive function and memory, locomotor activity, anxiety-based behavior, sound awareness and neuronal function. INM-901 also displayed neuroprotective effects by reducing cell death in an amyloid-beta-induced cytotoxicity study. To further evaluate INM-901 in 2024, InMed has initiated longer-term, six-month preclinical studies in behavior models. At the same time, the company is gearing up to launch more advanced preclinical studies, encompassing drug distribution, metabolism, active pharmaceutical ingredients and drug product formulation/manufacturing. Cannabinoids Can Protect Eyes Another big disease InMed is going after is age-related macular degeneration or AMD, which is a common cause of vision loss and potential blindness in people over 50. Based on 2019 estimates, AMD afflicts 19.8 million people or 12.6% of Americans 40 and up. Globally it affects 35% of people 74 and older. As it stands, there is no cure for AMD although treatment can prevent or slow the progression of the disease. Left unchecked patients may lose central field vision in the affected eye within 24 months of disease onset. INM-089, InMed’s ocular program for AMD launched in November is showing promise in changing that. Preclinical studies showed the potential for the drug to preserve retinal function, proactively protect the retinal cells that are responsible for vision and enhance the thickness of the outer nuclear layer of the retina where photoreceptors are situated, InMed said. Coming off those positive results, InMed is engaged in advanced preclinical studies and drug product formulation work, and it plans to launch Investigational New Drug studies in mid-2024. The goal is to file an Investigational New Drug application with regulatory authorities in the first half of 2025. “As we embark on 2024, we are placing increased emphasis on proprietary small molecule drug development candidates in our pharmaceutical pipeline with two exciting new programs addressing critical unmet medical needs,” said InMed CEO Eric A. Adams. “Our focus on developing proprietary cannabinoid analogs over the past two years has started to pay dividends, evident in their utilization in these two new preclinical programs.” Dermatology Program Additionally, last year, the company successfully completed a phase 2 clinical trial in the treatment of epidermolysis bullosa or EB, a rare genetic skin disease marked by fragile skin that can lead to extensive blistering and wounding. Data from a phase 2 clinical trial of INM-755 showed a positive indication of enhanced anti-itch activity for INM-755 cannabinol cream versus the control cream alone, warranting further development. InMed thinks INM-755 holds promise for further advancement in the treatment of chronic itch and other related ailments and is currently seeking partnerships for continued development. Supplier To All In addition to developing its own treatments, InMed is a key supplier of rare cannabinoids as ingredients to the health and wellness market. The company’s BayMedica unit focuses on being a low-cost/high-quality manufacturer of certain non-psychoactive rare cannabinoids and an ingredients supplier to brands within the health and wellness industry. In 2023, the company said the unit experienced “significant” year-over-year revenue growth, and it is making moves to capitalize on revenue-generating opportunities in 2024. To that end, BayMedica is embracing a distributor model to expand coverage across the U.S. InMed is betting consumer brands will use more rare cannabinoid ingredients in 2024 – and InMed will be ready to provide them. “BayMedica continues to drive robust year-over-year revenue growth. The foreseeable future looks promising for the health and wellness segment as demand for minor cannabinoid ingredients continues to gain momentum,” said Adams. Cannabinoids hold promise to treat and potentially cure several diseases. InMed seems to be at the forefront of these groundbreaking advances. If 2023 is any indication, investors may want to watch for more milestones out of InMed this year and beyond. 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 not intended to be investing advice. Contact Details Benzinga +1 877-440-9464 info@benzinga.com Company Website http://www.benzinga.com

January 26, 2024 08:40 AM Eastern Standard Time

How Laser Photonics Helps Drive Safety And Efficiency In Maritime, Aerospace And Nuclear Industries With Cleaning And Marking Lasers

Benzinga

By Faith Ashmore, Benzinga The global laser cleaning market is projected to grow to $12 billion by 20 25, and the global laser marking market to grow to more than $5 billion by 2030. As technology continues to advance, demand climbs for better and more efficient industrial lasers across a wide range of industries. The aviation, aerospace, defense, shipbuilding and nuclear power sectors are particularly forward-looking in pursuit of improvements. The United States government and the Department of Homeland Security recently approved multiple programs regarding industrial laser use, signaling their current and future value in aerospace and military manufacturing. A pioneer in responding to such needs, Laser Photonics Corporation (NASDAQ: LASE) is a leading global developer of industrial laser systems, specializing in integrated laser cleaning solutions and laser marking and engraving. Their high-powered CleanTech laser systems eliminate surface corrosion and coatings from a wide variety of materials without causing harm to the surface beneath. In addition to surface cleaning and conditioning, other applications include pre-welding preparation and post-welding treatment. Technology that qualifies as CleanTech uses no harmful chemicals or substances while achieving fast and accurate cleaning results. Their advanced productivity and safety features serve to secure their reputation as a safer, more efficient option while ensuring operators are protected from the hazards of traditional systems. In global manufacturing, Laser Photonics reports that the value of its MarkStar direct parts marking, UID engraving and deep engraving technology is continuously expanding. Such practices pay for themselves quickly as they streamline traceability, production flow control, inventory control and renewal, service marking, product quality validation as well as long-term product liability and reliability monitoring. In the aviation and aerospace industry, Laser Photonics' maintenance-free laser equipment and systems play a significant role in streamlining manufacturing and repair processes from MarkStar direct parts marking, UID and deep engraving to their newest CleanTech laser cleaning systems. On top of corrosion and coating removal, cutting-edge CleanTech laser cleaning technology can be utilized by professionals in the aerospace industry to clean fixtures, perform selective paint removal on rivets, clean landing gears, clean landing strips and more. Laser Photonics’ solutions are also valuable to the maritime industry, shipbuilding and ship maintenance and repair processes. Its revolutionary CleanTech cleaning technology offers a safer alternative to environmentally harmful practices like sandblasting, chemical cleaning, and abrasive blasting. By also eliminating the health risks of traditional methods, laser cleaning has become a disruptive solution in these industries. The global maritime industry is expected to grow from $2.6 billion in 2023 to $3.7 billion by 2028. Nuclear decontamination and decommissioning is another domain where Laser Photonics’ laser CleanTech and MarkStar systems provide cost-effective, time-efficient, environmentally friendly and safe industrial cleaning and marking methods. Principally based on waste elimination, eco-friendliness is another major benefit of CleanTech laser cleaning. Unlike traditional cleaning and marking methods, there is no secondary waste generated during use. Furthermore, laser cleaning eliminates the need for hazardous consumables, ensuring the safety of operators who would otherwise be exposed to harmful substances. Laser Photonics’ laser cleaning and marking technologies can be customized to the unique needs of operators in any industry or application, providing a tailored solution for anything from nuclear facility maintenance to battery manufacturing. The company’s CleanTech and MarkStar technologies offer safe, effective, eco- and operator-friendly solutions to challenges posed to manufacturing professionals worldwide. Laser Photonics continues to innovate in each sector and on each application, helping high-demand industries grow more profitably and safely. This post contains sponsored content. This content is for informational purposes only and is not intended to be investing advice. Benzinga is a leading financial media and data provider, known for delivering accurate, timely, and actionable financial information to empower investors and traders. Contact Details Benzinga +1 877-440-9464 info@benzinga.com Company Website http://www.benzinga.com

January 26, 2024 08:30 AM Eastern Standard Time

NexWafe Expands to the US to Reshore Solar Wafer Production

NexWafe

NexWafe GmbH (NexWafe) has established a U.S. subsidiary to evaluate the development of multi-gigawatt-scale solar wafer production in the U.S. with an initial target production volume of six gigawatts (GW). The North American operation will leverage NexWafe’s EpiNex™ production technology from the company’s 250 megawatt (MW) first commercial facility, which is under construction in Bitterfeld, Germany. As part of this expansion, NexWafe appointed solar industry veteran Jonathan Pickering as Vice President of Business Development for North America to spearhead U.S. operations. The U.S. solar industry has tremendous growth potential. 2023 was the nation’s largest year of solar installations, reaching 33 GW of solar installations. Average annual growth of solar installation of 14 percent is expected between 2023 and 2028. In line with the goals of the Inflation Reduction Act (IRA), NexWafe’s U.S. expansion is a strategic move to reduce vulnerabilities in the solar-wafer supply chain, which remains subject to China’s market dominance and potential geopolitical disruption. The company is actively working on securing strategic partnerships, assessing potential manufacturing locations and the associated regional incentives, and securing offtake agreements for domestic wafer supply. Along with other solar supply chain manufacturers, NexWafe will work with the Administration to leverage IRA incentives to realize the company’s vision of gigawatt-scale wafer manufacturing in North America. As a front runner in bringing solar wafer production to the U.S., NexWafe further demonstrates its commitment to the energy transition. “Silicon wafers are critical materials for the energy transition, and Jonathan’s leadership will be key as we embark on establishing gigawatt-scale wafer manufacturing in the U.S.,” said Davor Sutija, CEO, NexWafe. “His extensive experience and proven expertise in solar technology complement the strength of our established leadership team.” Pickering was previously President of JA Solar Americas, and a former Vice President at Applied Materials. His experience spans the solar value chain from solar wafer and solar cell processing equipment to solar module manufacturing and commercial solar project development. “Multiple top-tier solar companies have committed to advanced PV cell and module manufacturing at a multi-gigawatt scale across the U.S. But now we see a significant bottleneck in the supply chain for a domestic source of silicon wafers,” said Jonathan Pickering, VP of Business Development, North America, NexWafe. “Our breakthrough EpiNex direct ‘gas-to-wafer’ manufacturing process targets this exact opportunity. We are developing a gigawatt-scale facility to manufacture high-performance. American-made, thin silicon wafers to serve our U.S. customers, and we can do so while achieving a 60 percent reduction in the carbon footprint compared to today’s technology.” About NexWafe GmbH NexWafe GmbH designs, develops and is ramping into production a proprietary process to produce ultra-thin, high-efficiency, monocrystalline, low carbon footprint solar wafers to make photovoltaics more sustainable and efficient. Fully compatible with conventional solar cell manufacturing, NexWafe offers a 60 percent reduction in energy consumption during manufacturing. NexWafe’s continuous, direct gas-to-wafer manufacturing process also minimizes waste, resulting in wafers that are less expensive than conventional wafers. NexWafe’s in-line, ultra-scalable process leapfrogs current barriers in the cost reduction roadmap and inherently supports the industry’s extraordinary growth as the transition to solar power accelerates worldwide. The company was spun out from Fraunhofer Institute for Solar Energy Systems ISE in 2015 and is a member of the Ultra Low-Carbon Solar Alliance, Solar Power Europe, and the European Solar Manufacturing Council. For more information, please visit https://www.nexwafe.com/ and follow us on LinkedIn. Contact Details Jenna Beaucage +1 508-340-6851 nexwafe@rainierco.com Company Website https://www.nexwafe.com

January 26, 2024 08:10 AM Eastern Standard Time

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