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BitFuFu Posts Double-Digit Third Quarter Revenue Growth In A Challenging Market

Benzinga

By Meg Flippin, Benzinga What sets BitFuFu apart from its peers – such as Riot Platforms Inc (NASDAQ: RIOT), BitDeer (NASDAQ: BTDR) and MARA Holdings Inc. (NASDAQ: MARA) – is its unique approach of collaborating with mining partners to boost revenue and drive efficiencies rather than keeping it all in-house. This strategy, combined with its smaller, more focused business model, has positioned BitFuFu as a leader in growth within the industry. For instance, in the second quarter, BitFuFu reported revenue of $129.4 million and net income of $1.3 million. In comparison. Riot Platforms generated $70 million in revenue but reported a net loss of $(0.32) per share, while MARA recorded revenue of $145 million, but suffered a loss of ($0.72) per share. Despite rising costs to mine Bitcoin, BitFuFu (NASDAQ: FUFU), the digital asset mining company based in Singapore, achieved double-digit growth in the third quarter. The company reported revenue of $90.3 million for the third quarter of 2024, a 47.5% increase year-over-year, and achieved adjusted EBITDA of $5.8 million. This quarter marked the first full quarter after the Bitcoin halving event in late April, which reduced the Bitcoin block subsidy from 6.25 to 3.125 Bitcoin per block. BitFuFu (FUFU.US) has also attracted investor interest, highlighted by H.C. Wainwright analyst Kevin Dede’s initiation of coverage with a ‘Buy’ rating and a $7 target price for the stock. “Despite the halving event BitFuFu had another successful quarter generating positive adjusted EBITDA,” said BitFuFu chairman and CEO Leo Lu during a conference call to discuss quarterly results. “I am proud to say that the third quarter of 2024 is the 11th consecutive quarter BitFuFu has generated positive adjusted EBITDA. This consistency demonstrates the profitability and resilience of our business model, regardless of whether the price of Bitcoin is in a bear market or bull market.” Compared to industry peers Riot Platforms (RIOT) and MARA Holdings (MARA), BitFuFU’s market capitalization remains relatively modest. However, BitFuFu stands out for its growth trajectory, even in a challenging market. Between the second quarter of 2023 and 2024, BitFuFu achieved a 69.7% increase in revenue and reported positive net income of $1.3 million. In contrast, MARA posted a net loss of $199 million, and Riot recorded a loss of $84 million over the same period. These results underscore BitFuFu’s growth momentum and demonstrate its ability to outperform key competitors in both profitability and revenue growth within the current market environment. Check out BitFuFu’s third-quarter conference call here! Revenue Growth Driven By Cloud Mining In the third quarter, BitFuFu reported that revenue growth was primarily driven by its cloud mining solutions, which generated $68.9 million in revenue, accounting for 75% of the company’s total quarterly revenue. According to CEO Leo Lu, this growth was fueled by both new customer acquisitions and strong retention among existing customers. Cloud-mining registered users increased by 75.3% to 455,764, up from 259,929 in the year-ago quarter. Revenue from BitFuFu’s self-mining business also rose to $20.5 million, marking a 40.4% year-over-year gain despite an increase in Bitcoin mining costs. During the quarter, the cost per mined Bitcoin rose to $59,452 due to increased blockchain difficulty and the impact of the April halving event. The cost includes electricity, hosting fees, the cost of hash rate purchased from suppliers and the cost of leased mining equipment, which comprises most of BitFuFu’s mining fleet. As a result, Lu noted that the $59,452 figure may not be directly comparable to some peers, as other companies may exclude depreciation of miner costs in their calculations. Expanding Mining Reach and Reducing Costs To offset rising costs and expand its operational footprint, BitFuFu undertook several strategic actions. During and shortly after the third quarter, the company reallocated its mining fleet, secured favorable long-term, lower-cost purchase agreements and leveraged new low-cost electricity sites to enhance operational efficiency. The company shifted both leased and self-owned mining machines from high-cost facilities to lower-cost facilities while retaining the U.S. as a key strategic base for its mining operations. By the end of the third quarter, BitFuFu’s hosting capacity had grown to 556 megawatts (MW) across 17 sites spanning three continents, compared to 339 MW across 16 sites on two continents in the same period last year. Of these sites, ten are in the U.S., six are in Ethiopia and one is in Paraguay. As a result, average hosting costs decreased to 6.8 cents per kilowatt hour, a 13% improvement from the second quarter. In October, BitFuFu further reduced hosting costs by an additional 5% to 6.5 cents per kilowatt hour. “Our ability to quickly adjust to changes in the market is a testament to the advantages of our asset-light strategy, particularly in the challenging period following Bitcoin halving events,” said Lu. Building Energy Platform by Acquiring Mining Infrastructure In October BitFuFu signed a definitive agreement to purchase a majority stake in an 80-megawatt mining site in Ethiopia, with an electricity cost of around 3.6 cents per kilowatt hour. The site, which can deploy 26,000 miners, is currently operating 8,000 AntMiner S19j Pro miners with a combined 0.8 Exa Hash. CEO Lu stated that in the coming quarter, the company plans to fill in the remaining capacity to reach a combined mining capacity of 2.5 EH/s. Longer term, BitFuFu believes the facility could reach 4.6 EH/s when running AntMiner S21 Series miners. The company’s total mining capacity under management increased 88.5% year-over-year in Q3 to 26.2 EH/s, compared to 13.9 EH/s in Q3 last year. “This acquisition not only increases the diversity of our mining portfolio but also aligns with our strategic goal to build a sustainable energy platform,” said Lu. He noted that BitFuFu is also evaluating a pipeline of potential M&A opportunities with over 100 MW in both traditional grid and off-grid options. BitFuFu is actively exploring additional regions with favorable energy rates to further reduce costs and enhance long-term operational stability. Lu stated, “As we continue our journey, we are looking at off-grid and low-cost energy solutions as potential avenues to further stabilize our cost structure and enhance profitability.” Lu continued, “We believe owning some data centers is essential to BitFuFu’s business. We are focusing on finding the optimal mix between a pure asset-light strategy and an asset-heavy strategy.” Looking ahead, Lu emphasized the company’s commitment to growth and shareholder. “With continued investment in stable energy sourcing and capacity growth, we are confident in our ability to deliver resilient performance in the face of a dynamic market environment,” he said. Featured photo by Erling Løken Andersen 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 18, 2024 08:25 AM Eastern Standard Time

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TESSAN Announces Major Black Friday and Cyber Monday Discounts on Popular Outlet Extenders

Rev Up Marketers

TESSAN, a leading provider of innovative power solutions, is excited to announce special Black Friday and Cyber Monday promotions on its highly popular outlet extenders. Due to the small size, ease of use, and reliability of TESSAN outlet extenders, they have been conceived to provide the most optimal charging experience possible in an appropriate manner considering the restricted outlet space. With the holiday shopping season just around the corner, TESSAN is providing deep discounts on its most popular outlet extenders, up to 30% off the price of each individual model, e.g. Due to the special, limited-time nature of these, these offers are very likely to sell out quickly and therefore customers are urged to plan before-hand and seek to utilise the special offers. Unbeatable Features for the Modern Home and Office After all, TESSAN outlet extenders are, in fact, flexible and therefore an innocuous means of powering all the way out of the home office to a visit, etc. Key features include: Multiple Outlet Configurations: The majority of models have four AC ports and three USB ports so that the user can charge multiple devices from just one wall socket. Compact and Portable: TESSAN extenders are incredibly lightweight and portable, perfect for frequent travelers and remote workers who need to stay connected on the go. Fast Charging: Using USB power delivery ports, these extenders provide fast charging for a variety of USB-powered devices (mobile phones, tablets, etc. Surge Protection: Off-line surge protection is also included to prevent sudden changes in power, which makes TESSAN extenders a robust solution under any of the considered environments. Sleek Design: Because of the form and the narrow size of the TESSAN extenders, these extenders can be small and placed comfortably, and snugly, inside spaces that are very constricted, without compromising the work of the other plugs. Special Offers: Bundles and Discounts Besides the exclusive discounts from the single product level, TESSAN provides special bundle offers to customers who want to install the practical power solutions in more rooms, or to the people who would like to be equipped with the tools. These bundled packages are such big discounts, which work for a family group, a boardroom meeting, or a thoughtful gift for the holidays. Why Shop TESSAN for Black Friday and Cyber Monday Get the home or office power-up of your dreams with TESSAN’s Black Friday and Cyber Monday deals. Whether you’re looking for an extender for everyday use or a portable travel solution, TESSAN has a model that suits your needs. Don't miss out on these amazing savings that won't be around for long. Tips to Maximize Your Savings To get the best impact of these time-off concessions, as well as consider the following:. Sign Up for Email Alerts: Update by subscribing to TESSAN email alerts with the sale start date and details. Plan: It’s a good idea to review the available models beforehand so that you’ll be prepared to go shopping as soon as the sale starts. Compare Products: TESSAN provides multiple outlet extenders with varying capabilities. Comparatively, the models are chosen to match your requirements. Perfect for Gifting Due to their mininess, lack of expansion, and portability, TESSAN outlet extenders are excellent gifts, particularly for technology lovers and travelers who fly often (e.g. Their practical nature ensures they’ll be appreciated year-round. About TESSAN As a pioneer in power solutions, TESSAN offers a range of premium products with high quality to fulfill charging and power requirements in today's homes and business premises. In keeping with an ethos for innovation, safety, and user experience, TESSAN is constantly embedding solutions so people can stay connected more affordably. Contact Details Tessan Annie Dong +1 833-362-9899 maggie@tessan.com Company Website https://tessan.com/

November 18, 2024 08:12 AM Eastern Standard Time

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Impact BioMedical Inc. (NYSEAmerican: IBO): Targeting Chronic Diseases with Patented Breakthroughs

IBO

The biotechnology industry is booming, with a global market valued at $1.55 trillion in 2023 and projected to grow at a 13.96% annual rate through 2030. Driving this growth are government-backed initiatives to modernize regulations, streamline approvals, and improve access to personalized medicine and orphan drugs—paving the way for emerging companies. Chronic inflammatory diseases, identified by the World Health Organization as the leading global health threat, are a key focus area. Recent estimates reveal nearly 60% of Americans live with at least one chronic condition, and three out of five deaths worldwide result from diseases like cancer, diabetes, and respiratory disorders. This urgent need for solutions presents immense opportunities for innovation. In this rapidly evolving landscape, Impact BioMedical Inc. (NYSEAmerican: IBO) emerges as a promising player committed to advancing healthcare innovation. A Promising Player in Biotech Impact BioMedical Inc. (NYSEAmerican: IBO), a pioneering biotechnology firm, has quickly captured attention since its IPO in September 2024. Focused on discovering, developing, and patenting innovative solutions for human healthcare and wellness, the company is building momentum as it positions itself to address unmet medical needs in various fields. A Strong Start: The IPO and Investor Confidence On September 16, 2024, Impact BioMedical entered the public market with its initial public offering of 1.5 million shares priced at $3.00 each. The IPO, which raised $4.5 million, garnered robust interest, with over 30% of shares purchased by existing investors. This strong participation signals significant confidence in the company’s potential and direction. Impact BioMedical CEO Frank D. Heuszel commented on the IPO’s success, emphasizing that investor confidence reflects the belief in the company’s mission to deliver transformative healthcare solutions. Leadership Positioned for Growth At the helm of Impact BioMedical is a highly experienced leadership team. CEO Frank D. Heuszel, with a background in finance and executive leadership, has been instrumental in guiding the company’s strategic direction. Heuszel’s tenure as CEO of DSS, Inc., Impact BioMedical’s parent company, since 2019 has prepared him to navigate the complexities of biotech innovation and commercialization. Supporting Heuszel is COO Mark Suseck, who brings extensive experience in strategy, licensing, and acquisitions from his time at DSS BioHealth Holdings and Vivacitas Oncology. CFO Todd Macko complements the team with his expertise in financial planning, analysis, and mergers and acquisitions, ensuring the company is fiscally sound as it expands. Together, this leadership team aims to drive innovation and establish Impact BioMedical as a key player in the biotechnology sector. Innovative Technology Platforms with Real-World Applications Impact BioMedical is built on a foundation of cutting-edge technologies designed to tackle pressing healthcare challenges. Two standout platforms, 3F and Linebacker, highlight the company’s unique approach to improving human health and wellness. The 3F insect repellent technology recently secured a U.S. patent, showcasing its potential as a natural solution to reduce insect landings and bites. Unlike chemical-based alternatives, 3F uses plant-derived formulations to effectively “blind” insects to human presence. Its applications range from standalone repellents to integrations in shampoos and detergents. With vector-borne diseases accounting for 17% of infectious diseases globally, 3F addresses a significant market need. CEO Frank Heuszel emphasized the company’s commitment to advancing commercialization efforts with potential partners, aiming to provide eco-friendly solutions for outdoor safety. Another major achievement is the Canadian patent for Linebacker technology, which targets inflammatory diseases with novel phenolic compounds. This platform offers potential relief for conditions such as arthritis, asthma, and inflammatory bowel disease, while mitigating the side effects associated with traditional treatments. Derived from myricetin, a plant-based flavonoid, Linebacker compounds are designed to inhibit inflammatory responses and oncogenic pathways. The technology has been licensed to ProPhase Laboratories for global development and commercialization, paving the way for promising revenue opportunities. Expanding IP Portfolio Impact BioMedical’s ability to secure patents across jurisdictions underscores its commitment to innovation and its potential for market leadership. The company’s IP portfolio includes patents for insect repellent compositions and inflammatory disease treatments in the U.S., Canada, and other regions, providing a strong competitive edge. The Road Ahead As a relatively new public entity, Impact BioMedical has already demonstrated an ability to attract investor confidence, build a robust IP portfolio, and establish partnerships for product development. The company’s technologies address critical health challenges, offering significant market potential in both developed and emerging markets. Conclusion Impact BioMedical (NYSEAmerican: IBO) is emerging as a promising force in biotechnology. With its focus on innovative healthcare solutions, a strong leadership team, and a growing IP portfolio, the company could be well-positioned for long-term growth. Impact BioMedical’s strategic initiatives and commitment to innovation offer a compelling case for investors looking to tap into the potential of healthcare advancements. Disclaimers: RazorPitch Inc. "RazorPitch" is not operated by a licensed broker, a dealer, or a registered investment adviser. This content is for informational purposes only and is not intended to be investment advice. The Private Securities Litigation Reform Act of 1995 provides investors a safe harbor in regard to forward-looking statements. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, goals, assumptions, or future events or performances are not statements of historical fact and may be forward-looking statements. Forward-looking statements are based on expectations, estimates, and projections at the time the statements are made that involve a number of risks and uncertainties that could cause actual results or events to differ materially from those presently anticipated. Forward-looking statements in this action may be identified through the use of words such as projects, foresee, expects, will, anticipates, estimates, believes, understands, or that by statements indicating certain actions & quote; may, could, or might occur. Understand there is no guarantee past performance will be indicative of future results. Investing in micro-cap and growth securities is highly speculative and carries an extremely high degree of risk. It is possible that an investor's investment may be lost or impaired due to the speculative nature of the companies profiled. RazorPitch has been retained and compensated by Cambridge Consulting to assist in the production and distribution of this content. RazorPitch is responsible for the production and distribution of this content. It should be expressly understood that under no circumstances does any information published herein represent a recommendation to buy or sell a security. This content is for informational purposes only; you should not construe any such information or other material as legal, tax, investment, financial, or other advice. Nothing contained in this article constitutes a solicitation, recommendation, endorsement, or offer by RazorPitch or any third-party service provider to buy or sell any securities or other financial instruments. All content in this article is information of a general nature and does not address the circumstances of any particular individual or entity. Nothing in this article constitutes professional and/or financial advice, nor does any information in the article constitute a comprehensive or complete statement of the matters discussed or the law relating thereto. RazorPitch is not a fiduciary by virtue of any persons use of or access to this content. Contact Details RazorPitch Mark McKelvie +1 585-301-7700 mark@razorpitch.com Company Website http://razorpitch.com

November 18, 2024 07:00 AM Eastern Standard Time

Interoperability vs Fragmentation: Why Cross-Chain Solutions Matter for the Future of DeFi

Elluminex

Ethereum has Uniswap, Binance has PancakeSwap and Solana has Jupiter. Despite being one of the largest Layer 1 platforms, TON still lacks a competitive and effective DeFi protocol. Let’s run the numbers on TON: $13.4 billion in market capitalization, 950 million users, and over 1 billion transactions. Experts believe that any project that captures the first-mover advantage could see incredible returns as the cycle progresses. This is where Elluminex comes into play. A state-of-the-art cross-chain protocol that unites isolated blockchains, bringing all the best opportunities in one place. With analysts tipping Elluminex as one of the hottest plays of the 2024/2025 cycle, let’s see why it’s special. Decentralization Shouldn’t Mean Division The Elluminex decentralized exchange is the ecosystem’s flagship feature. Through its innovative Cross-Chain Bridge, Elluminex acts as a meeting point between all major blockchains. This will allow users to effortlessly swap assets while enjoying high transaction speeds and the lowest possible fees. This also enhances liquidity as it’s sourced from across the various blockchains, resulting in minimal slippage, even in high-volume situations. Investors will be welcomed by a lean and intuitive interface, which will make trading a secure stress-free experience. To further improve ease of access and privacy, Elluminex does away with KYC verification and allows users to access the platform just by connecting their self-custodial wallets. Through this feature alone, Elluminex could change the game and set new standards in terms of usability, security, and scalability. But it doesn’t end here. How Elluminex Leaves The Competition In The Dust Elluminex users will have an additional edge in whale trading and investing, thanks to the exclusive Elluminex portfolio tracker. They will be able to keep track of all their assets and manage them in the most efficient way possible. Through this feature, users will also have access to real-time analytics. This will allow them to keep up with the latest market updates and make informed decisions based on raw, no-nonsense data. Moreover, Elluminex's intriguing premarket feature will grant early access to TON-based projects before they hit exchanges. Investors will have the opportunity to capitalize on the latest-released gems without having to wait for whales to load up first or become exit liquidity for insiders it is often the case. DeFi Education Furthermore, Elluminex understands that the primary reason hindering DeFi adoption is that the space is inherently complex. Many newcomers often feel intimidated as they try and make sense of its inner workings. With its convoluted terminology and often opaque mechanics, DeFi’s potential is limited by these unintended barriers of entry. The truth is simple, without education DeFi can’t grow. This is why Elluminex has made it a mission to demystify DeFi by fostering an inclusive and educational environment. This initiative will help users understand core concepts and assist them in making informed decisions throughout their crypto journey. The $ELX Token The Elluminex ecosystem is powered by the native $ELX token. Users will reap substantial rewards from engaging with the platform and its advanced staking and farming model. 50% of the $ELX supply will be available during the presale which is set to launch soon. The rest of the tokens will be allocated toward marketing efforts, rewards, liquidity, and exchange listings. In addition to this, the tokenomics of $ELX also comprise a burn mechanism, which will automatically remove tokens from circulation, ensuring robust price stability and long-term growth. Once the presale is live, users will have the opportunity to invest in a project that could reinvent DeFi. Now is the time to start paying attention! 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. Contact Details Andy Green support@elluminex.com Company Website https://elluminex.com/

November 17, 2024 04:25 PM Eastern Standard Time

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Could Hybrid Crypto Cutoshi (CUTO) Put Ethereum Based Tokens Back On The Map?

Cutoshi

While Ethereum is making a mini-comeback during cryptocurrencies most bullish period of the year, Ethereum has largely succumbed to waning hype in 2024. As we enter into a meme super-cycle, Ethereum memes could single-handedly see Ethereum reach new all-time-highs. Pepe’s Coinbase listing perfectly showcases this, though for investors seeking considerable ROI, Cutoshi could be one of the most lucrative prospects during its presale. Cutoshi: The First Meme Token To Simplify DeFi For The Masses Aiming to be more than just a mere speculative meme token, at the forefront of Cutoshi’s ethos is to simplify DeFi for a wider audience. By extension, Cutoshi is able to appeal to a variety of demographics and experience levels, from whales and experienced traders, to brand new money entering the market as the bull run commences. This objective manifests through the ecosystem’s premier “Cutoshi Academy”, an all-exclusive educational platform that’s set to propagate a better future for cryptocurrency as aligned with Satoshi Nakamoti’s libertarian vision. By narrowing the knowledge gap and rendering complex blockchain concepts simple and digestible, the Academy empowers individuals to make informed decisions about their digital assets, and invest sensibly to maximize profits for the bull run. This educational initiative aligns with Cutoshi's mission to bring DeFi to the masses, fostering a more inclusive and decentralized financial future. At the heart of the Cutoshi ecosystem is its easy-to-navigate decentralized exchange (DEX). The multi-chain functionality of Cutoshi’s DEX ensures that users can seamlessly swap assets across various blockchain networks on a whim, saving both time and money. Cutoshi’s DEX is superior to CEX platforms, which rely on centralized entities and can be a hassle to use. This feature makes it easier for beginners and seasoned traders alike to participate in DeFi without the complexity often associated with inconvenient multi-chain platforms. All users need to do is connect their wallet, select the crypto they want to swap, and confirm the transaction. It’s that easy. Lucrative Incentives Bolster Cutoshi’s Bullish Outlook Cutoshi’s token farming mechanism is a core feature designed to reward community engagement. Users can complete quests, collect points, and claim rewards, turning participation into an engaging experience. This gamified approach incentivizes regular interaction with the platform and allows users to earn valuable CUTO tokens and exclusive perks. Unlike many DeFi projects, Cutoshi emphasizes shared success by redistributing a portion of its revenues back to the community. This includes buy-and-burn mechanisms to reduce the supply of CUTO tokens, driving scarcity and value for holders. Farming and staking rewards are structured to provide consistent returns, creating a sustainable income stream for all participants. This model ensures that the ecosystem’s growth translates into tangible benefits for its supporters, incentivizing Cutoshi’s community to partake in raids and contribute towards the marketing efforts of Cutoshi. Cutoshi’s NFTs add another layer of incentives for the community, offering unique and valuable digital assets to early adopters, active participants, and winners of challenges. These NFTs serve as collectibles and provide additional utility within the ecosystem, such as exclusive access to certain features or enhanced farming rewards. Poised For Immense Growth: Why Cutoshi Is Bound To Become A Top Meme Coin For This Bull Run Currently priced at $0.0259 during the third presale stage, Cutoshi exhibits potential to become one of Ethereum’s top meme tokens, potentially rivaling the likes of Pepe in terms of sheer lucrative potential. Given the massive hype for Cutoshi preceding the next major pump of the bull run, interested buyers are urged to act quickly before Cutoshi’s price increases for the next stage of the presale. Don’t miss out on this new meme gem! 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 17, 2024 02:18 PM Eastern Standard Time

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Bitcoin Sets Another Record, As This MemeFi Sensation Continues Innovating, Are Meme Coins Next To Pump?

Cutoshi

Bitcoin (BTC) has made headlines by surging above $90k after pro-crypto candidate Donald Trump won the US presidency. Following Bitcoin’s stellar performance, meme coins have started rallying in massive numbers, which means that meme season 2.0 is effectively starting now. A newcomer in the meme space, Cutoshi, is making waves with its unique utility and intriguing reward system, prompting many BTC holders to rotate profits into the viral presale of the native $CUTO token. Let’s discover why Cutoshi could revolutionize meme coins and bring massive price multipliers to early buyers. Bitcoin Teasing Another Run Above $90K Bitcoin (BTC) has once again surprised everyone over the past week by adding $20k to its previous $72k all-time high in a matter of days. This explosion in the Bitcoin price was mainly due to the “Trump Pump” as the crypto community calls the Trump effect on the crypto market. At press time, Bitcoin sells for $89,784 with a noteworthy 32% monthly increase and an 18% weekly increase. These numbers are impressive given the sheer size of Bitcoin’s market cap of $1.7 trillion, which requires immense amounts of liquidity for the price of BTC to rise higher. Despite Bitcoin traders taking home over $8 billion in profit in the past two days, Bitcoin’s price action remains relatively stable. This is mainly due to the bullish sentiment pervading the crypto community, supported by a massive $129 billion in futures trading volume recorded on centralized exchanges. Cutoshi Continues To Shine As Presale Nears $1 Million Milestone Cutoshi continues to rise as attention is shifting from majors to newer, undervalued projects that can yield massive price multipliers and mint new millionaires along the way. With another meme season ramping up, Cutoshi is set to see exponential gains thanks to its innovative framework that merges meme culture and DeFi utility. Cutoshi draws inspiration from two sources — its vibe and aesthetic are based on the Lucky Cats of Japanese folklore that are said to bring good fortune to businesses and households. Additionally, by embodying the values of privacy and decentralization, Cutoshi also echoes the teachings of Bitcoin creator Satoshi Nakamoto. At the heart of the Cutoshi ecosystem, users will find CUTO DEX, a cutting-edge decentralized exchange that brings together isolated blockchains, allowing for seamless P2P transactions that jump the middleman. This means near-instant swaps across a wide range of assets with low fees. One of Cutoshi ’s most intriguing features is the Cuto Farm system, powered by the $CUTO token. Users can immediately participate by completing fun missions and quests that are aimed at establishing Cutoshi’s presence in the crypto space. For their loyalty and efforts, they will receive Cuto points that can later be redeemed for more $CUTO once the token launches. Moreover, by staking their tokens and supporting the ecosystem, users will also have the opportunity to earn recurring rewards on autopilot. Another star feature that sets Cutoshi apart from the competition is the unique Cutoshi Academy. This is a learning hub that will lend a helping hand to beginners and teach them the fundamentals of DeFi, trading, and portfolio management. This initiative has already been praised as it greatly lowers entry barriers and demystifies aspects of the often confusing crypto world. Right now, stage 3 of the presale is live and $CUTO tokens are priced at $0.0259. At $850,000 in raised funds, demand is skyrocketing, with investors flocking to get an allocation at a discounted price. When taking into account all that this gem has to offer, it’s realistic to expect a monumental 2025 rally that could Cutoshi outperform many established majors such as Shiba Inu and Dogwifhat. Don’t miss out! 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 16, 2024 09:00 AM Eastern Standard Time

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The Challenges of DeFi: The Key to Unlocking DeFi's Full Potential

Elluminex

The arrival of DeFi has redefined crypto and financial services, providing much-needed transparency and autonomy. With it, a new wave of income opportunities presented itself, and investors who saw the writing on the wall made a fortune in the early days of DeFi. Over the last few years, most Layer 1s, starting with Ethereum, have launched unique solutions in their quest to bring DeFi to the masses. However, it’s safe to say that the space is in its infancy as many issues still need to be properly addressed, such as fragmented liquidity, high fees, and limited usability. Elluminex seeks to tackle all these challenges with its all-in-one DeFi hub, which leverages the enormous, yet relatively untapped potential of the TON blockchain. Let’s dive deeper and discover why Elluminex could revolutionize space forever. The problem: DeFi Is Still Inefficient The mass adoption of DeFi is hindered by a series of barriers that make the landscape difficult to navigate, turning away millions of newcomers. High fees, complex interfaces, unstable liquidity. These factors create an accumulation of inefficiencies that make the DeFi experience clunky and convoluted. In addition to this, users who want to make the most of this emerging market, are forced to interact with multiple platforms and track assets scattered across different ecosystems. This is more than just an annoyance, it could expose investors to security risks and lead to significant losses. This is where Elluminex could come in. The Solution: Elluminex Elluminex integrates a wide array of DeFi services into one intuitive and user-friendly platform. The base of operations is Elluminex’s DEX, an innovative decentralized exchange offering high liquidity, low slippage, and advanced order types. All this is supported by state-of-the-art security measures and ease of access, as investors can trade directly from their wallets. Although Elluminex is based on the TON blockchain, the platform is built with interoperability in mind. Via the Elluminex Cross-Chain bridge, users can seamlessly swap between a multitude of blockchains, at lightning speed and the lowest possible transaction fees. This not only enhances liquidity even further, but it also relieves users from having to constantly switch between protocols to find the best deals. Early Access, Trackers, Farming What would DeFi be without features that incentivize investors to engage with the ecosystem? Elluminex offers advanced staking and farming options that will bring incredible rewards for investors who stake the $ELX token and provide liquidity. A novel AI-powered portfolio tracker will allow users to effortlessly manage their assets across blockchains while they perfect their craft thanks to real-time data and constant market updates. They will be empowered to make the right decisions at the right time, without letting any opportunity go to waste. Elluminex is also done with gatekeeping. “Being early” on a gem is what all investors strive for. They will sink countless hours of research and risk significant capital, only to see their efforts stunted by gatekeepers and red herrings. This is why Elluminex will grant its users early access to TON-based project tokens before they hit exchanges, through an over-the-counter platform. Let’s Talk Tokenomics And $ELX The $ELX token is the backbone of the Elluminex ecosystem. It drives utility, governance, and engagement while being set for massive price multipliers along the way. The supply is capped at 350 million and 50% of it will be up for grabs during the presale event. The rest will be allocated toward liquidity, exchange listings, marketing efforts, rewards, and buybacks. $ELX is also deflationary by design. A robust burn mechanism will systematically reduce the circulating supply of tokens. This will promote sustainable price growth over time, while also making it resilient to market-wide volatility spikes. Ready For The Presale? The DeFi space is in dire need of an overhaul and Elluminex could bring about a revolution. This innovative platform is already making headlines as the launch of the $ELX presale draws near. Early investors could see legendary returns if they stick around. So, stick around! 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. Contact Details Andy Green support@elluminex.com Company Website https://elluminex.com/

November 16, 2024 05:00 AM Eastern Standard Time

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Hurricanes Helene and Milton Leave Millions Facing Financial Hardships

Consolidated Credit

As communities from Florida to North Carolina work to rebuild after the devastation caused by Hurricanes Helene and Milton, many families are confronting the overwhelming financial strain. With property damage, lost income, and unforeseen expenses piling up, residents are struggling to regain financial stability. Consolidated Credit, a nonprofit organization, is encouraging individuals to take proactive steps to safeguard their finances in the wake of these catastrophic events. While the cost of basic hurricane preparations often runs into hundreds of dollars, the true economic impact is much more severe. Extended power outages, gas shortages, and extensive flooding have forced many businesses to shut down, resulting in lost wages and widespread financial challenges for millions. “Credit cards can be a lifeline during emergencies, but for families already living paycheck to paycheck, these hurricanes can push them to the brink of financial ruin,” says Gary Herman, President of Consolidated Credit. “Not all the damage caused by hurricanes is visible. The financial fallout can linger long after the power is restored, and the debris is cleared.” Gary Herman President of Consolidated Credit Consolidated Credit is offering free counseling services and guidance on how to manage debts and finances during this challenging time. Residents impacted by Hurricanes Helene and Milton can reach out for assistance at 1-844-331-7534. Certified counselors are available to help families create a recovery plan and avoid falling into deeper financial trouble caused by excessive debt. “Many families without an emergency fund have had to rely on credit cards or other resources to cover the costs of preparations, evacuations, and repairs; this is often during a time of lost income,” Herman explains. “While credit can be a helpful tool, it’s crucial to monitor your budget closely and make a plan for paying down any debts accumulated during the storms.” Gary Herman President of Consolidated Credit Consolidated Credit has provided the following tips for those struggling to recover financially after Hurricanes Helene and Milton: Consolidate High-Interest Debt: If you have high-interest credit card balances, consider transferring them to a card with a lower interest rate and focus on paying down the balance by covering at least the minimum payment plus the interest each month. Explore Debt Management Programs: Plans may be able to consolidate your debts into one low monthly payment, reduce or eliminate interest charges. Paying down debts this way should also improve your credit score over time. If You Lost Your Job, Seek Assistance: residents impacted by job loss due to the hurricanes can file for unemployment benefits through the Agency for Workforce Innovation by calling 1-800-204-2418. Start a Hurricane Fund: Once hurricane season ends, start putting aside a small amount, such as per pay period. By next year, you could have a solid emergency fund of over. “We want to ensure that families have a financial recovery plan in place,” Herman says. “A natural disaster can wreak havoc on your budget, but with the right strategies, it doesn’t have to lead to long-term financial disaster.” Gary Herman President of Consolidated Credit For more information on how to rebuild your finances after Hurricanes Helene and Milton, visit https://www.consolidatedcredit.org/financial-news/disaster-relief/ or call the free counseling hotline at 1-844-331-7534. About: Consolidated Credit Consolidated Credit is a nonprofit organization dedicated to helping families and individuals overcome debt and achieve financial stability through education, counseling, and personalized financial strategies. Since 1993, Consolidated Credit has helped over 10 million people find solutions to their debt challenges and build a brighter financial future. Contact Details Jill Randolph jrandolph@mediamgmtgroup.com Company Website https://www.consolidatedcredit.org/

November 15, 2024 04:36 PM Eastern Standard Time

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Dollar Tree and Family Dollar Partner with The Latin GRAMMY Cultural Foundation® and 2024 Latin GRAMMY Person of The Year to Champion Music Education at Miami Senior High School

CIEN+

MIAMI, FL — November 15, 2024 — ( NOTICIAS NEWSWIRE ) — Dollar Tree and Family Dollar, in collaboration with The Latin GRAMMY Cultural Foundation® and the 2024 Latin GRAMMY Person of the Year™, proudly brought the Latin GRAMMY In The Schools program to Miami Senior High School. This impactful event demonstrated a shared commitment to strengthening music education in Latino communities and inspiring the next generation of Latin music talent. The Latin GRAMMY In The Schools program, held on November 8, offered Miami Senior High School students a hands-on, immersive music experience. The event featured a generous donation of musical instruments and a special tribute performance by the students. Students also had the opportunity to engage in a lively Q&A session with the Latin GRAMMY Person of the Year, moderated by Univision’s Lili Estefan, co-host of El Gordo y La Flaca. As the 42nd event of its kind hosted by The Latin GRAMMY Cultural Foundation®, this program provided students with valuable resources to help them pursue their musical aspirations. “Our partnership with The Latin GRAMMY Cultural Foundation® is a tremendous honor,” said Jose Gamio, Director of Diversity, Equity, Inclusion, and Belonging at Dollar Tree, Inc. “This collaboration reflects our commitment to providing resources for the Latino communities we serve, and we see this as the beginning of many initiatives to empower our community.” The Latin GRAMMY In The Schools program has made a meaningful impact on high schools and music programs across U.S. cities and internationally, especially in communities with limited access to music education. Through this initiative, students have had the unique opportunity to connect with Latin music professionals and gain insights into the dedication required for a career in music. About Dollar Tree, Inc. Dollar Tree, a Fortune 200 Company, operates 16,622 stores across 48 states and five Canadian provinces under the Dollar Tree, Family Dollar, and Dollar Tree Canada brands. To learn more, visit www.DollarTree.com. About The Latin GRAMMY Cultural Foundation® The Latin GRAMMY Cultural Foundation® was founded in 2014 to support and celebrate Latin music and culture through scholarships, educational programs, and grants. To date, the Foundation has donated more than $10 million to advance Latin music education globally. For more information, visit latingrammyculturalfoundation.org. Contact Details CIEN+ Jesse De La Llata +1 713-240-2198

November 15, 2024 02:57 PM Eastern Standard Time

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