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News Release Digital Asset Direct

Decentralization and Its Impact on User Trust in DeFi

Elluminex

The FTX debacle in 2023 exacerbated an already deteriorating bear run in 2023, scaring off a large contingent of the market while showcasing the risks associated with asset decentralization. Though cryptocurrencies are inherently decentralized by nature, this is a double-edged sword, reflecting the challenge of ensuring security without centralized oversight. Novel blockchains such as Toncoin aim to mitigate these risk factors and juggle security with decentralization in an effort to solve the crypto “trilemma.” While some present more viable solutions than others, the Elluminex team believes that Toncoin’s fundamentals and untapped potential make it the ideal foundation for an all-encompassing DeFi platform designed to foster user trust. Toncoin: The Most Secure Layer-1 On The Market A major focus of Toncoin is balancing the principles of decentralization with robust security measures to enhance user trust within the DeFi ecosystem. Toncoin’s architecture is designed to mitigate these challenges through innovative approaches that also align with the core tenets of decentralized finance. Unlike alternative blockchains, Toncoin remains relatively untapped despite its rapidly growing infrastructure and capabilities. While Ethereum has established platforms like Uniswap and Binance Coin powers PancakeSwap, the TON blockchain is still in the infancy stage of DeFi development. Elluminex is set to capitalize on this opportunity by building a comprehensive DeFi hub on TON, offering numerous features such as a DEX, staking, and cross-chain capabilities. About to become one of the first movers on this emerging network, Elluminex aims to leverage TON’s speed and scalability to attract new users in droves. Most importantly, Elluminex will utilize Toncoin in a way that maintains decentralization while fostering user trust in the space. How Elluminex Utilizes Toncoin’s Capabilities To Foster User Trust Decentralization is at the forefront of Elluminex’s vision as it will leverage the TON blockchain to provide a secure all-in-one DeFi platform. Traditional finance relies on intermediaries like banks to manage transactions, which creates trust but isn’t necessarily foolproof and could be problematic. By removing intermediaries, Elluminex will give users direct control over their assets, ensuring transparency while building trust. A key feature of Elluminex is its emphasis on self-custody, and users will maintain control over their private keys and assets on its native DEX. Unlike centralized exchanges where funds are managed by an outside party, Elluminex’s decentralized approach empowers users to manage their own crypto holdings. This autonomy aligns with the principle of “not your keys, not your crypto,” appealing to those who value independence from those who may not have the best intentions or lack trustability. In addition, Elluminex will integrate various privacy-focused technologies supported by TON. By avoiding traditional identity verification processes like KYC’s that store sensitive data on centralized databases, Elluminex will guarantee 100% security pertaining to user information. This emphasis on privacy will provide peace of mind, enhancing trust among users while fostering a loyal user base. But that isn’t all. Elluminex will utilize the TON blockchain in various other ways to propagate security, such as letting users verify publicly recorded transactions for full transparency. With automated smart contracts, Elluminex will ensure that all future transactions will be tamper-proof and don’t require third-party oversight, building user trust and reliability. It’s also important to note that Elluminex will focus on educating users about security and decentralization to improve DeFi literacy. By providing essential knowledge on managing assets safely and understanding the risks and benefits of a decentralized system, Elluminex will empower users to make informed decisions and traverse the DeFi space with confidence. For more information about Elluminex visit the links below: Website: https://elluminex.com/ Twitter/X: https://x.com/elluminex Telegram: https://t.me/Elluminex Elluminex aims to be the first comprehensive DeFi hub on the TON blockchain, designed to revolutionize the DeFi landscape. Our mission is to provide a seamless and user-friendly platform that empowers users to trade, stake, farm, bridge, and track their portfolios with ease. By leveraging the power of the TON blockchain, Elluminex seeks to offer unparalleled speed, security, and scalability, bringing DeFi to a network with over 950 million active users and over 1 billion recorded transactions. Cryptocurrency markets are highly volatile, and regulation varies by jurisdiction. If you choose to engage with digital assets, be aware of the potential risks and refer to our Disclaimer for further details. By proceeding, you confirm that you are not a citizen or resident of the United States, United Kingdom, or any country where the purchase of Elluminex or $ELX tokens is restricted by law. Contact Details Andy Green support@elluminex.com Company Website https://elluminex.com/

November 15, 2024 09:40 AM Eastern Standard Time

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Carson Knuth Joins I-ON Digital Corp. to Help Drive Advanced Tokenization and Digital Asset Solutions

I-ON Digital Corp.

I-ON Digital Corp. (OTC: IONI) (“I-ON” or the “Company”), a market leader in gold and precious metals digitization and tokenization, as well as digital asset banking innovation, proudly welcomes Carson Knuth to its management team. A leader in blockchain-based product innovation and digital asset tokenization, Knuth’s expertise will help drive I-ON’s mission to revolutionize and transform real-world (RWA) asset digitization (in alignment with the Company’s primary emphasis on gold and precious metal tokenization). His addition further positions I-ON to set new compliance standards in digital product offerings and related service platform distribution, further elevating I-ON’s emerging status among first-tier regional banks and financial institutions. With an extensive background in emergent blockchain technology, Knuth’s expertise in advanced tokenization frameworks will bring additional focus on bridging traditional financial services with the new efficiencies inherent in digital asset platforms. At I-ON, he will help lead the Company’s innovative approach to the digital economy, focusing on scalable tokenization strategies that enable secure, efficient, and regulatory-compliant transactions in the sale, transfer, and delivery of gold-backed digital securities through regulated digital asset exchanges, financial institution platforms, and digital banking ecosystems. “I am thrilled to join I-ON at such a pivotal moment in the evolution of asset digitization and help further propel I-ON’s leadership in gold and precious metal tokenization,” said Knuth. “The Company’s bold vision and commitment to innovation in digital asset banking solutions align perfectly with the rapidly growing demand for transactional blockchain technology. Together, we intend to develop secure and scalable gateways for asset distribution and management and will work to establish new standards for the rapidly expanding digital marketplace.” Knuth’s expertise adds material depth to I-ON’s groundbreaking gold-backed digital solutions, enhancing the impact of its cutting-edge Digital Banking Platform-as-a-Service (PasS) tailored for tier-1 banks and financial institutions. I-ON’s gold digitization platform redefines asset-backed securities by transforming verified in-situ gold reserves into digital securities without the need for invasive mining activities. This eco-conscious innovation not only safeguards environmental resources but also unlocks unprecedented liquidity channels, empowering investors and institutions to tap into new, sustainable and highly scalable financial ecosystems. “We are pleased to welcome Carson to the I-ON team,” said I-ON CEO Carlos X. Montoya. “His exceptional expertise and notable achievements in digital assets and tokenization solutions align seamlessly with our strategic goals. Carson’s proven track record in driving value through innovative digital asset-based liquidity solutions and his extensive network within the financial institutions industry will open exciting new pathways for our asset tokenization initiatives. With his leadership, we are poised to elevate the market acceptance of our flagship digital security, ION.au, advancing our mission to make ION.au and our complimentary Platform-as-a-Service delivery channels more accessible and impactful.” Montoya added, “The timing couldn’t be better, as our ION.au gold-backed digital asset, continues to gain traction with investors seeking the reliability of gold-backed assets absent the logistical challenges of physical gold ownership. We are uniquely positioned—validated through recent transactional achievements—to help investors diversify with a trusted digital asset. This is an exciting step forward as we continue to define how gold-backed securities are perceived and utilized in the modern financial landscape.” About I-ON Digital Corp: I-ON Digital Corp specializes in the digitization of real-world assets (RWA), with a primary focus on gold and other mineral asset reserves, providing cutting-edge solutions for asset tokenization and Digital Banking Platform-as-a-Service. By merging blockchain innovation with comprehensive financial products, I-ON empowers organizations to seamlessly engage with the digital economy. For more information, visit www.iondigitalcorp.com. Forward-Looking Statements This news release contains forward-looking statements involving risks and uncertainties, which may cause results to differ materially from the statements made. When used in this document, the words "may," "would," "could," "will," "intend," "look to," plan," "anticipate," "believe," "estimate," "expect," "seek," "potential," "outlook," and similar expressions are intended to identify forward-looking statements. Such statements, including, but not limited to, I-ON's current views with respect to future events and its financial forecasts, are subject to such risks and uncertainties. Many factors could cause actual results to differ materially from the statements made, including those risks described from time to time in filings made by I-ON with the Securities and Exchange Commission. In addition, there is uncertainty about the further spread of the COVID-19 virus or new variants thereof or the occurrence of another wave of cases and the impact it may have on the Company's operations, the demand for the Company's products, global supply chains, and economic activity in general. These and other risks and uncertainties are detailed in the Company's filings with the Securities and Exchange Commission. Should one or more of these risks or uncertainties materialize, or should assumptions underlying the forward-looking statements prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated, or expected. Statements in this news release regarding past trends or activities should not be taken as a representation that such trends or activities will continue. I-ON does not intend or assume any obligation to update these forward-looking statements other than as required by law. Contact Details I-ON Digital Corp. I-ON Digital Investor Relations +1 866-440-2278 ir@iondigitalcorp.com Company Website https://iondigitalcorp.com

November 15, 2024 08:00 AM Eastern Standard Time

Fidelity's Bitcoin ETF Records Daily Inflow Of Over $8 Million

Cutoshi

Spot Bitcoin ETFs attracted a record-breaking inflow of close to $1.4B on Thursday, according to Senior ETF analyst Eric Balchunas. BlackRock’s iShares Bitcoin Trust collected more than $1.1B of this total. Other funds, including the Fidelity Wise Origin Bitcoin Fund, also attracted a noticeable daily inflow exceeding $8M. The surge coincided with BTC hitting the $76,943 mark. Tron also recorded an unprecedented surge in its transfer volume, which increased by 1928% over the year, as per data from Symbiosis. Moreover, as the two crypto giants continue to record impressive milestones, a new DeFi hybrid known as Cutoshi has also stood out, raising over 730K in its presale, which is only in 3rd stage. Cutoshi Farming Continues To Attract Major Investors Due to its unique innovations, Cutoshi is quickly becoming a viral crypto project. The project is designed to bring utility and luck to its investors through its unique hybrid DeFi ecosystem. Moreover, Cutoshi farming, now live, aims to provide its community members with a new way of earning money by completing quests and being rewarded with CUTO tokens. Cutoshi also stands out due to its decentralized exchange, offering users a low-fee, high-speed asset training experience across blockchains. The project also focuses on educating investors through the Cutoshi Academy, which helps learners understand the basics of DeFi and cryptocurrency technology. Through this feature, new investors could educate themselves about DeFi and discover new approaches to building a profitable portfolio. With a stage three presale price of $0.0259, Cutoshi is already offering over 70% ROI to early buyers. Given the CUTO token's capped supply of just 440M, this price is also set to surge in the next presale, which could help drive immense demand for the token, leading to token scarcity and driving the Cutoshi price even higher. Bitcoin Price Hits $77K Two Days After U.S. Election The price of Bitcoin crossed the $77K mark on November 8, setting a new ATH for the second consecutive day. This latest price mark was set just two days after Donald Trump won the US presidential election, topped with the election of several pro-crypto policymakers to Congress. With a market cap of over $1.5T, BTC is now the world’s ninth most valuable asset, surpassing Mark Zuckerberg’s Meta. Bitcoin’s YTD growth has also surged by over 115% as the BTC price trades around the $76,600 mark. Over the past month, the price of Bitcoin has surged by over 26%, with seasonal trends and halving-year data suggesting bullish prospects. Moreover, Bitcoin has always hit new highs during the previous two election cycles without returning to pre-election levels. Supported by technical indicators and the recent daily inflows of Bitcoin ETFs, the price of BTC could hit the $100K target before the year ends, followed by $200K by 2025. Adding to this momentum, the US Federal Reserve has lowered interest rates by 0.25%, a rare cut that could contribute to Bitcoin’s bullish sentiment. Tron Dao Unveils Tron-Peg USD Coin For Cross-Chain Transactions On Blockchain Tron Dao has unveiled the Tron-Peg USD Coin within the TRX blockchain, a new cross-chain designed to streamline global transactions while expanding Tron’s stablecoin ecosystem. This launch will allow users to leverage USD Coin across the TRX network, enhancing cross-chain functionality for a seamless and secure transaction. Tron-Peg USD Coin will simplify USDC transfers within Ethereum and Tron, establishing itself as a stablecoin bridge. Moreover, qualified users can acquire the Tron-Peg USD Coin through a straightforward cross-chain process. This strategic launch comes when Tron’s price performance has recorded a weekly dip of over 3% to trade around the $0.16 mark. If Tron’s price manages to overcome the $0.16 position, it would be on a path for further gains towards $0.17. Its RSI is also at 47, which suggests that the asset is still in a neutral position. Its 50—and 100-day SMAs, which are at $0.1593 and $0.1526, provide significant support should the TRX price dip. Can Cutoshi Mirror BTC Price Performance In Q4? As Bitcoin continues to experience significant price performance, Cutoshi is also looking to push Ethereum-based meme coins back into the limelight. Due to the project's DeFi ecosystem and built-in utilities, its growing presale is set to record significant price performance in Q4. For more information on the Cutoshi (CUTO) Presale: https://cutoshi.com/ Join and become a community member: https://twitter.com/CutoshiToken https://t.me/cutoshi Welcome to Cutoshi, the revolutionary meme coin, DeFi hub and educational platform inspired by the Lucky Cat and Satoshi Nakamoto’s teachings. Traditionally, people put the Lucky Cat in their homes and businesses to maximize its lucky powers and bring them good fortune and wealth. Now Cutoshi the Lucky Cat is on the blockchain bringing luck, prosperity, and wealth to your digital assets. Cutoshi is creating a path to financial freedom, for those who choose to honor the power of the Lucky Cat. Supporting the principles of freedom, privacy, anonymity, and monetary empowerment for the masses. Cutoshi aims to bring the benefits of blockchain to everyone. Contact Details Cutoshi hello@cutoshi.com Company Website https://cutoshi.com/

November 14, 2024 10:42 AM Eastern Standard Time

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Cutoshi Hits #1 Worldwide And In The USA – The Hype Behind $CUTO’s Explosive Growth

Cutoshi

Cutoshi, a memeFi project in presale, took X by storm yesterday as it went viral and took the number 1 trending spot worldwide and in the USA, for over 8 hours. This hype also spread worldwide, as $CUTO became the trending keyword for all countries. The term DeFi was also trending worldwide yesterday, showing that Cutoshi is proving itself to be one of the hottest decentralized crypto projects around. Meme Appeal Cutoshi is cute and catchy, bringing Lucky Cat energy to the blockchain and people’s digital assets. As crypto booms thanks to new all-time highs for Bitcoin, memecoins continue to dominate the market as the most profitable and engaged-with sector in crypto. And as of today, the meme coin market cap is at $105 billion according to CoinMarketCap, with a 24 hour trading volume of $60 billion. That shows us that a lot of people are trading memes right now. DOGE has been on a tear and has also been trending on X since the US elections, proving the enduring nature of important memecoins. MemeFi Hybrid Approach While DOGE has a first mover advantage as a memecoin, Cutoshi is new and in presale. There is another important difference between the two coins - utility. Dogecoin doesn’t have utility, or at least very little (it's accepted as payment in certain places, according to their website). Cutoshi, on the other hand, does. Cutoshi is currently building a cross-chain DEX to simplify swapping and trading on the blockchain, and a whole ecosystem revolving around the benefits of DeFi. The aim is to introduce people to DeFi and then help them to make the most out of it, and that’s why they are offering a learning academy to help people find out more in a fun way. $CUTO will be used throughout the ecosystem, ensuring that the token has true utility, which is essential for ensuring the price moves in the right direction. Fun And Community Is Key All good crypto projects have a loyal community. Decentralized exchanges like Uniswap and 1inch clearly have a loyal community. Cutoshi is currently engaging their growing community through quests and challenges such as meme-making. And because people love the fun of competition, they have built a leaderboard so that people can spur each other on. These quests accrue points, which will be swapped for $CUTO tokens, airdropped once the coin goes live. This ensures that all early community members are rewarded for their participation and can have more skin in the game. Over 1500 people have taken part in the quests within days of launch. Cutoshi Investors Are Early As anyone who’s taken a look at meme coins like Dogecoin and Shiba Inu knows, the ones who got in early profited the most, with DOGE up by an impressive 435,594% since its launch and SHIB up by an amazing 42,665,342%. Just $10 invested at this time in SHIB would have made a current holder over $4 million dollars! Although returns like this are exceptional, new coins are the way to get huge gains. Cutoshi is currently in presale phase; given the hype around it, it could be the next life-changing coin for wealth generation. For more information on the Cutoshi (CUTO) Presale: https://cutoshi.com/ Join and become a community member: https://twitter.com/CutoshiToken https://t.me/cutoshi Welcome to Cutoshi, the revolutionary meme coin, DeFi hub and educational platform inspired by the Lucky Cat and Satoshi Nakamoto’s teachings. Traditionally, people put the Lucky Cat in their homes and businesses to maximize its lucky powers and bring them good fortune and wealth. Now Cutoshi the Lucky Cat is on the blockchain bringing luck, prosperity, and wealth to your digital assets. Cutoshi is creating a path to financial freedom, for those who choose to honor the power of the Lucky Cat. Supporting the principles of freedom, privacy, anonymity, and monetary empowerment for the masses. Cutoshi aims to bring the benefits of blockchain to everyone. Contact Details Cutoshi hello@cutoshi.com Company Website https://cutoshi.com/

November 13, 2024 10:09 AM Eastern Standard Time

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SPARK Microsystems Redefines Wireless Gaming with New 8K Mouse Reference Design

SPARK Microsystems

SPARK Microsystems, a Canadian fabless semiconductor company specializing in next-generation short-range wireless communications, today announced the release of its 8K gaming mouse reference design, supporting polling rates up to 8,000 Hz. Built for high-performance gaming and esports, this new design harnesses SPARK’s SR1020 ultra-wideband (UWB) wireless transceiver, offering a wireless gaming experience that matches the performance of wired solutions. The 8K mouse reference design is specifically engineered to meet the needs of competitive gamers, offering the seamless, high-speed responsiveness typically associated with wired mice. SPARK’s UWB technology delivers ultra-low latency of 0.2 ms and remarkably low power consumption – 30% or more lower than 2.4 GHz gaming mice at 8,000 Hz. SPARK’s technology outperforms traditional wireless standards by avoiding interference with the congested 2.4 GHz spectrum, ensuring an uninterrupted gaming experience free from the lag and delays often found in traditional wireless solutions. “Our focus at SPARK is on delivering practical innovations in short-range wireless communications, making it faster, more efficient, and seamlessly responsive" said Dr. Abdul Hafiz Alameh, PhD, Director of Product Marketing, SPARK Microsystems. "Our 8K mouse reference design, powered by the SR1020 UWB transceiver, provides industry-leading performance —offering a gaming experience indistinguishable from wired solutions.” Key features of SPARK’s 8K gaming mouse reference design include: Polling Rate: Unmatched smoothness and responsiveness with configurable polling rates up to 8 kHz. Ultra-Low Latency: Latency of 0.2 ms ensures a real-time response indistinguishable from wired solutions. Low Power Operation: Significantly reduced power consumption for extended battery life and smaller battery sizes. Low Interference: Operates outside congested frequency bands, avoiding the performance bottlenecks of traditional wireless systems. The new 8K gaming mouse reference design showcases the SR1020 UWB transceiver’s advanced capabilities, allowing for sustained high data rates while consuming minimal power. Gamers benefit from longer battery life and lighter, more agile designs, all without sacrificing performance. The design is part of SPARK’s growing ecosystem of reference designs, aimed at enhancing wireless capabilities in gaming, consumer electronics, and IoT markets. About SPARK Microsystems SPARK Microsystems is building next generation short-range wireless communication devices. SPARK provides high data rate and very low latency wireless communication links at an ultra-low power profile, making it ideal for personal area networks (PANs) used in mobile, consumer and IoT-connected products. Leveraging patented technologies, SPARK Microsystems strives to minimize and ultimately eliminate wires and batteries from a wide range of applications while delivering a wired-like performance. For more information, please visit www.sparkmicro.com. Contact Details Jenna Beaucage +1 508-340-6851 jbeaucage@rainierco.com Company Website https://www.sparkmicro.com

November 13, 2024 09:33 AM Eastern Standard Time

Analysis of Top U.S. Sportsbooks Shows Long College Football Suspension Times When Compared to NFL According to Sports Odds Intelligence Firm Bettormetrics

Bettormetrics

Bettormetrics, a sports odds intelligence firm providing competitive sports odds data and insight to the sports betting industry, today released their latest report, a one-week comparison of suspension times between top operators during week eight of the college football season and week nine NFL games. The analysis found that while operators exhibit short suspensions during NFL games, there are still significant improvements to be made on suspension times during college football games. Suspension is when a sportsbook periodically shuts down betting lines in a sporting event to readjust the odds based on activity within the event, while uptime is the amount of time they are accepting live wagers during the game. Bettormetrics’ analysis found that DraftKings and FanDuel were suspended for the least and second least amount of time during NFL games, respectively, and the two operators flipped when it came to college football – with FanDuel leading the operators that were analyzed. DraftKings, who was previously noted as a market leader in past Bettormetrics’ reports on NBA and NFL season-long suspension times, suffered the biggest drop off during college games when compared to its NFL suspension times. On average, operators' suspension times were 8.7% worse during college games. Hard Rock saw the smallest drop in performance in comparison. “The NFL is clearly the American bettor’s favorite competition so it is only a matter of time before sportsbooks shift their focus to its younger sibling, college football, seeking improvements in suspension, uptime and overall trading performance,” said Sabin Brooks, Bettormetrics’ Chief Revenue Officer. “Those who master suspension in college games will ultimately come out on top. Doing so is a win-win because the bettor will have an improved betting experience meaning they will keep coming back and the operator will be able to bring in more handle, meaning a fly wheel of better product, customer experience and sportsbook profitability.” “While there are challenges with the availability, quality and speed of scouting data for college football, there is clear demand for betting on NCAA football. As such, operators are going to need to find solutions to overcome the tremendous suspension differences between the NFL and college football,” said Robert Urwin, Bettormetrics’ co-founder and CEO. “While we recognize that there are significantly more college games every weekend during football season than NFL, there is work to be done. With an estimated gross gaming revenue of over $800 million coming in during college football season, sportsbook operators will continue to lose out on potential revenue unless suspension times are addressed.” ABOUT BETTORMETRICS Bettormetrics is an innovative company providing competitive sports odds intelligence and insight to the sports betting industry. Bettormetrics’ Trading Analytics Platform is a SAAS product supporting sportsbook trading desks with cutting edge insight and analysis on the entire event life cycle, helping sportsbooks, data suppliers and B2B platforms gain an edge on competitors and ensure no profits are left on the table. For more information, please email info@bettormetrics.com or visit Bettormetrics.com. Contact Details Bailey Irelan birelan@hotpaperlantern.com Company Website https://bettormetrics.com/

November 13, 2024 08:51 AM Eastern Standard Time

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Customer Wins Fuel Triple-Digit Q3 Revenue Growth For Aeva Technologies, Are More Wins On The Horizon?

Benzinga

By Meg Flippin, Benzinga The world is becoming more automated, and LiDAR technology is playing a key role in helping make that happen. At Aeva Technologies Inc. (NYSE: AEVA), the company reports it is also gaining share as more customers transition to its next-generation FMCW 4D LiDAR technology. This is reflected in Aeva’s recently reported third-quarter results, with the company delivering triple-digit year-over-year revenue growth and several customer wins for its September-ending quarter. Aeva makes advanced LiDAR technology that uses a low-power continuous laser beam to measure range and velocity simultaneously. Aeva says this technology unlocks new levels of safety and automation by instantly discriminating between moving and non-moving points and knowing the precise velocity of objects in motion. This edge, along with other FMCW advantages not found in traditional 3D time-of-flight LiDAR solutions, garnered Aeva interest and customer wins in the third quarter. Revenue Growth On Display Take its revenue for starters. Aeva reported revenue of $2.3 million, up 178% from the year-ago third quarter. Aeva ended the quarter with $259.8 million of liquidity, bolstering its position to continue to grow the business. “Aeva in Q3 continued to gain momentum across multiple fronts as more customer programs and industries look to adopt Aeva's unique 4D LiDAR technology to enable next-generation solutions,” said Soroush Salehian, co-founder and CEO at Aeva during a conference call to discuss third-quarter results with Wall Street. “From new production awards to key milestones achieved towards production with existing partners and progress on securing additional wins, Aeva achieved major accomplishments this quarter.” New Contracts Fueling Demand During the third quarter, Aeva inked a multi-year sensor supply deal with The Indoor Lab, a LiDAR perception and analytics solutions company. Indoor Lab operates a LiDAR analytics platform used to improve safety, security and operational efficiency for major U.S. airports, mass transit railways, agriculture and smart infrastructure at theme parks and other large venues across the U.S. The multi-year agreement offers multiple tens of millions of dollars in revenue potential over just the next few years alone, the company said. The deal marks the first industrial customer production win for Atlas, Aeva’s next-generation 4D LiDAR. The sensor shipments have already started with a planned ramp-up in 2025 to support multiple projects at scale, the companies reported. “This is an exciting expansion for Aeva that offers meaningful revenue potential and builds on our first win in security earlier this year,” said Salehian. During the quarter, it also secured a win with a major European passenger vehicle original equipment manufacturer (OEM). The unnamed OEM selected Aeva’s 4D LiDARs because of their ability to collect velocity data which the OEM is using to validate its next-generation vehicle automation systems, reports Aeva. Importantly, on top of that, Aeva continued to work toward finalizing the RFQ for a global top 10 passenger OEM’s vehicle program in addition to making progress on other RFQs in the passenger vehicle market. On the trucking front, Aeva is helping companies make self-driving trucks a reality, including its $1 billion dea l with Daimler Truck AG and Torc Robotics, an independent subsidiary of Daimler Truck. Through the multi-year OEM deal, Aeva’s 4D LiDAR is the exclusive long range and ultra long range LiDARs for Daimler Truck’s Class 8 Freightliner Cascadia autonomous truck platform, which, together with Torc’s autonomous driving stack, will enable highway speed autonomy. These are heavy-duty trucks that spend most of their time on interstates hauling cargo to and fro. The companies see heavy-duty trucking as an area rife for autonomous vehicles given the severe shortages of drivers in that segment of the industry. During the quarter Torc, using Aeva’s LiDAR technology, successfully validated fully driverless operations at highway speeds up to 65 miles per hour, a key milestone in the commercialization plan for Daimler Truck’s autonomous truck production program by 2027, reported Aeva. The Key: Speeding Up Production To meet all the demand Aeva is seeing, the company said that during the quarter, it pulled forward the first shipments of Aeva Atlas, its production-intent product, by approximately two quarters. Aeva is currently implementing plans to scale production for next year. “Aeva continues to convert the growing interest in our unique 4D LiDAR technology to new wins while also achieving critical milestones for our existing production programs,” said Soroush Salehian, Co-Founder and CEO at Aeva. “With more industries looking to adopt FMCW technology, we made the strategic decision and executed on pulling forward first shipments of Atlas to the third quarter to meet more of our strong demand. We believe this further places Aeva on the path to leading the market and expanding our commercial momentum with additional wins in automotive, industrial and beyond.” Learn more about Aeva Technologies Inc. by checking out its investors deck here. Featured photo by Clay Banks on Unsplash. Benzinga is a leading financial media and data provider, known for delivering accurate, timely, and actionable financial information to empower investors and traders. This post contains sponsored content. This content is for informational purposes only and is not intended to be investing advice. Contact Details Benzinga +1 877-440-9464 info@benzinga.com Company Website http://www.benzinga.com

November 13, 2024 08:45 AM Eastern Standard Time

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Blackrock Bitcoin ETF Sees Outflow After U.S. Election Results, Tron Integration Causes A Stir As Cutoshi Hits $800K Mark

Cutoshi

Blackrock Bitcoin ETF Sees Outflow After U.S. Election Results, Tron Integration Causes A Stir As Cutoshi Hits $800K Mark The US presidential election race is over, and the atmosphere in the crypto market is one of glee as the market warms up to the news of Donald Trump’s presidency. Bitcoin (BTC), as expected, was one of the first to hit new heights, and the rest of the market followed accordingly. But prior to all that spike in the BTC price, Bitcoin ETFs were on a streak of outflows. Even Tron (TRX) is yet to join the profit train, but Cutoshi (CUTO) is trending among traders. Despite Bitcoin Price Surge, Bitcoin ETFs Dip The US elections were supposed to be a boost to the Bitcoin ETFs, but unlike the Bitcoin price, they were on a dip in the run-up to the election. The iShares Bitcoin Trust led the losses at the start of the week, with $44.2 million in outflows even before election day. BlackRock and ten of the other ETFs posted $116.8 million outflows on election day, led by the Fidelity Wise Origin Bitcoin Fund. It was a rare occurrence for most of the ETFs, especially BlackRock stating only its sixth day of loss since its launch in January. Their fortunes changed with the election results, when the BTC price broke past its $75,000 resistance. The Bitcoin ETFs recorded over a billion dollars in inflows on election day, with BlackRock seeing injections up to $1.1 billion on that day. The next few days will be crucial as the market anticipates further surges in the BTC price. Tron Integrations See Chainlink Oracle Links And ETH-TRX Bridges Tron (TRX) founder Justin Sun announced the introduction of Chainlink's oracle feeds to the Tron blockchain to increase security to its DApps, typically JustLend and JustStable. Both DeFi apps are worth about $6.5 billion on the network. Sun made the statement at the Chainlink SmartsCon event in Hong Kong, of which Tron (TRX) was a silver sponsor. The founder stated that the TRON crypto network was going to join in the Chainlink Scale Program, integrating the oracles to also provide developers with access to reliable oracle services, as well as opportunities for the stablecoins and RWAs locked on the blockchain. For the USDC on Tron (TRX), there are new bridges connecting the network with Ethereum through the TRON-Peg USD coin. The token facilitates smoother stablecoin transfer between both chains, contributing to the growing wave of interoperability that is taking over the DeFi space. The TRON price is currently trading at a weekly 3.59% loss, but the new development on the project could soon drive the TRON price into bullish trends. Cutoshi: Meme Coin Combined With DeFi Utilities Cutoshi’s origin is firmly rooted in meme and DeFi, sporting the lucky charm the Lucky Cat and blockchain principles from Bitcoin (BTC) creator Satoshi Nakamoto's teachings. The Decentralized Exchange platform is an avenue for users, especially the meme enthusiasts on the ecosystem, to access token swap and exchange services without leaving the interface. The traffic and insecurity of current exchanges makes Cutoshi's DEX a great alternatives option for traders. Another standout feature of the Cutoshi (CUTO) project will be its token farming. Users earn tokens by participating in challenges and completing tasks to accumulate points. These points can then be redeemed into CUTO tokens to boost investors' crypto portfolios. The token farming is already live, and more than 1500 users are already actively raking in rewards. The $CUTO token presale has raised over $800,000 so far. This traction doesn’t look like it’s going to slow down anytime soon. CUTO Attracts Massive Investors Inflow Bitcoin (BTC) and TRON (TRX) have experienced contrasting fates recently. The Bitcoin price is touching new highs, and TRX is still deep in bullish waters with TRON’s recent integration. The Cutoshi project is attracting investor interest with its presale and CUTO farming features that let users earn while having fun. The new meme coin could potentially deliver bigger gains than other top meme coins. For more information on the Cutoshi (CUTO) Presale: https://cutoshi.com/ Join and become a community member: https://twitter.com/CutoshiToken https://t.me/cutoshi Welcome to Cutoshi, the revolutionary meme coin, DeFi hub and educational platform inspired by the Lucky Cat and Satoshi Nakamoto’s teachings. Traditionally, people put the Lucky Cat in their homes and businesses to maximize its lucky powers and bring them good fortune and wealth. Now Cutoshi the Lucky Cat is on the blockchain bringing luck, prosperity, and wealth to your digital assets. Cutoshi is creating a path to financial freedom, for those who choose to honor the power of the Lucky Cat. Supporting the principles of freedom, privacy, anonymity, and monetary empowerment for the masses. Cutoshi aims to bring the benefits of blockchain to everyone. The regulatory environment surrounding cryptocurrencies is evolving and varies across jurisdictions. It is your responsibility to ensure compliance with applicable laws and regulations in your country or region before engaging with Custoshi. Contact Details Cutoshi hello@cutoshi.com Company Website https://cutoshi.com/

November 13, 2024 06:45 AM Eastern Standard Time

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Lisk Launches Mainnet and Airdrop Campaign with 15M LSK Tokens Available to Earn

Lisk

Lisk, a leading Ethereum Layer 2 blockchain dedicated to empowering web3 builders in high-growth markets, is pleased to announce the launch of the Lisk Mainnet and the introduction of its Airdrop campaign, beginning on November 21st. This will be followed by an App Bounty Quest campaign launching by the end of the year. The first season of the airdrop will run for four months, incentivizing new users and builders to engage with Lisk’s blockchain ecosystem. In alignment with this effort, Lisk is implementing a comprehensive plan reflecting its past year's progress through strategic partnerships and various programs. This launch represents a new phase for Lisk, and the results will be closely monitored. A 2023 report by analyst firm Chainalysis reveals that high-growth markets, which dominate its Crypto Adoption Index, are driving web3 adoption and highlight a key trend in global finance. Lisk's focus on high-growth markets is strategic, considering these regions' notable growth and adoption rates, positioning Lisk firmly for the future. Key Highlights of the Airdrop Campaign: User Engagement through Task Completion: Participants can earn points by completing tasks on the Lisk platform. The more tasks completed, the more points earned, leading to more LSK tokens airdropped based on total points accumulated. Partnership-Driven “Super Tasks”: In collaboration with partners, including Oku.Trade, Ionic, Creo Engine, Angle Protocol, Soccersm, and Momint, Lisk will offer special tasks open for two weeks, providing boosted rewards designed to incentivize user engagement. Each partner will have a dedicated two-week period for users to complete the super tasks and earn immediate rewards. These super tasks will include educational and engagement-focused challenges announced throughout the campaign, encouraging users to actively participate and deepen their knowledge of the platform. App Bounty Quests: Launching by the end of the year, the App Bounty Quests will reward applications that meet specific milestones set by the Lisk team, such as achieving a certain volume or number of active users monthly. Successful participants will receive a sizable LSK token bounty via airdrop. “We designed this airdrop campaign to be seamless, engaging, educational, and even fun, reflecting our mission to create web3 applications that are easy to use and beneficial,” said Dominic Schwenter, COO of Lisk. “The promise of mass adoption rests in the vision and dedication of builders in high-growth markets who are solving everyday problems for their communities and businesses via blockchain technology. I hope participants find a deep connection to our mission as we pave the way together. This launch marks a new era for Lisk, and we can’t wait to see the results of what we are creating." Lisk is one of the few historical projects that continues to thrive and was the first Layer 1 to evolve into a Layer 2. In December 2023, Lisk announced its migration to an Ethereum Layer 2 solution and became one of the earliest members of the OP Superchain alongside Optimism and Base, and followed more recently by significant projects like WorldChain (by WorldCoin), Soneium (by Sony), Unichain (by Uniswap), Ink (by Kraken), to name a few. This announcement comes on the heels of significant progress for Lisk. The network is poised for substantial growth and user engagement, with partnerships forged with major players such as: Circle: Launched the Circle Bridged USDC Standard, offering Lisk projects seamless access to USDC. This enhances both developer and user experiences, while reducing liquidity fragmentation across EVM blockchains and rollups. Rarible: Lisk NFTs are now available for live trading, with the initial mint launched at Coinfest Asia in September. The launch featured an exclusive airdrop from Indonesian artist Yahya Rifandaru. LayerZero: Enables seamless token transfers and omnichain application development across supported chains, enhancing interoperability within the Lisk ecosystem. Rainbow Wallet: Native integration of the Lisk network into the Rainbow Wallet app and browser extension allows automatic token balance detection, NFT indexing, DeFi position tracking, in-app swaps, and cross-chain asset bridging. Fireblocks: Lisk will be supported by Fireblocks for secure asset storage and transfer, ensuring institutional-grade security for token management and enterprise solutions. Velodrome: The leading decentralized exchange (DEX) on Optimism’s mainnet, Velodrome, is launching on Lisk from day one, aiming to enhance liquidity and leverage the existing Superchain ecosystem. In addition to the above, Lisk has partnered with Angel Hack, Aya Labs, CV Labs, Key Difference Labs, and others to establish accelerator programs to support developers building real-world solutions in high-growth markets. In September, the Optimism Foundation accepted Lisk’s grant proposal for 500,000 OP tokens to grow USD and non-USD-backed stablecoins on Lisk and the Superchain. The overall airdrop campaign boasts a budget of up to 15 million LSK tokens. For more information and to participate in the airdrop campaign, visit Lisk’s official channels on X, Discord & LinkedIn and join our growing network of builders. About Lisk Lisk is a Layer 2 blockchain dedicated to empowering web3 adoption in high-growth markets back to Ethereum. By leveraging cost-efficient, scalable, and innovative Layer 2 technology, Lisk enables real-world applications in high-growth markets to operate efficiently on Ethereum for the first time. Lisk's founder-focused approach provides a comprehensive ecosystem of startup programs, tooling, seed liquidity, and knowledge bases to support local founders from inception to success. As a long-standing web3 infrastructure project, Lisk has been contributing towards democratizing blockchain accessibility for developers globally since 2016. As an original member of the Optimism Superchain, Lisk plays a pivotal role in building the industry's first truly interoperable supernetwork alongside Optimism, Base, Mode, and Worldchain. Contact Details Wahaj Khan wahaj@serotonin.co Company Website https://lisk.com/

November 12, 2024 11:00 AM Eastern Standard Time

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