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The gaming universe is on the precipice of a significant shift. Aurory, a prominent name within the NFT-driven gaming scene, has divulged its plans to extend its realms beyond the Solana blockchain. This expansion focuses on incorporating the Ethereum scaling network, Arbitrum, into its ecosystem. The announcement not only solidifies the increasing momentum of cross-chain integration but underscores the flexibility and inclusiveness that the modern gaming industry is inching towards.

Expansion, Not Migration

While various Solana-rooted NFT and gaming projects have ventured into other blockchain territories, Aurory's trajectory seems unique. The brand consciously markets its move as an "expansion" rather than a full-blown migration. Jonathan Campeau, Aurory’s Executive Producer, clarifies the brand's stance, stating, “We’re not leaving Solana necessarily. For us, we need to branch out a little bit from a pure business point of view.”

Aurory’s SyncSpace technology is at the forefront of this strategic shift. It promises a smooth transition for assets between Solana and Arbitrum, enabling players to access their favorite games without a hitch.

Bridging the User Experience Gap

Solana's inherent incompatibility with the Ethereum Virtual Machine creates hurdles for users accustomed to the Ethereum ecosystem and specific wallets like MetaMask. Addressing this, Aurory offers a simplified sign-in experience where players can use their email addresses and opt to connect a crypto wallet later. By doing this, they are acknowledging and catering to diverse user experiences and preferences.

Campeau captures the essence of the move, “We just want to open more doors for players. Solana has a specific audience, and so does Arbitrum.”

SyncSpace: More Than Just a Bridge

SyncSpace, while functioning as a bridge between blockchains, has a more profound mission. Michael Natoli, Aurory’s Head of Marketing and Business Development, emphasizes that the main goal is to establish novel on-ramps into the game, tapping into diverse crypto communities. The objective is to enrich the player experience and promote a sense of community.

This bidirectional flow of assets ensures players have the flexibility they seek. Whether an NFT is on Solana or Arbitrum, its functional utility within the game remains consistent. “There is no 'upside' of moving them from one chain to the other. We ultimately want to expand our community and bring the Aurory experience to another growing and committed Web3 ecosystem in Arbitrum,” added Natoli.

Enhancing Gameplay with Blockchain Diversity

The cross-chain integration can also breathe new life into the gameplay. Campeau suggests that integrating more blockchains could introduce new experiences with NPCs, potentially tied to specific chains, paving the way for intriguing cross-chain explorations.

A Glimpse into Aurory's Gaming World

With two exciting games under its belt, Aurory Adventures (a PvE RPG) and Aurory Tactics (a PvP battle arena game), Aurory promises players an immersive experience. The inclusion of character NFTs known as Aurorians and Pokemon-esque animal NFTs labeled Nefties adds depth to the gameplay. Their past collaborations, like the one with TSM and the crypto exchange FTX, indicate their intent to innovate continually.

While Arbitrum is Aurory’s current focus, the brand is keeping its doors open. Campeau hinted at the possibility of exploring other ecosystems like Polygon, Avalanche, and BNB in the foreseeable future.

In conclusion, Aurory’s venture into the cross-chain domain signifies a pivotal moment for the gaming industry, setting a precedent for more inclusivity and interconnectedness in the crypto-gaming world.

Aurory, a Solana role-playing and monster-battling game, has launched its Seekers of Tokane experience to the public on the Epic Games Store after previously restricting access to NFT holders and access code recipients.

Seekers of Tokane serves up a chunk of the overall Aurory experience, letting players battle with Pokémon-esque creatures (called Nefties) and explore a lush fantasy land. It plays like a “roguelike” game, in which players must grab loot and attempt to exit with their winnings—because you’ll lose everything if you perish.

The public access is available for a limited time, from February 12 through February 26, and it’s tied to the launch of an in-game event, Dracurve’s Awakening. And it’s also linked to crypto rewards, including AURY tokens and rare in-game NFTs.

Aurory will distribute $50,000 worth of AURY token rewards to players, with $35,000 of that set for Aurorian NFT owners and the rest intended for non-holders. Furthermore, the game will also offer up limited edition NFT collectibles and “Draconic Eggs.”

Beyond the split between NFT holders and non-owners, it’s not clear how Aurory plans to distribute the $50,000 worth of AURY to players, or how specifically to earn the rewards. Decrypt’s GG has reached out to the Aurory team for clarification and will update this story if we hear back.

Aurory first launched in the Epic Games Store last November with the debut of Seekers of Tokane. Operated by Epic Games, the developer of Fortnite and creator of the widely used Unreal Engine development suite, the Epic Games Store is a major mainstream PC gaming marketplace with some 230 million total users as of the end of 2022.

It has also become a prominent home for a growing stack of crypto and NFT games, including the likes of Shrapnel, Gods Unchained, and Nyan Heroes. Rival marketplace Steam, run by Half-Life and Counter-Strike developer Valve, has taken an anti-crypto stance—though some game creators have found ways around the restrictions.

The Aurory project spans multiple games, as well as multiple chains. While it started life on Solana, the game expanded to Ethereum scaling network Arbitrum last year in an effort to attract more players. However, the game’s bridge to Arbitrum was exploited for $830,000 worth of AURY in December.

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What Is Bonk (BONK) Crypto?

The head of a $230 billion Singaporean investment fund is the latest high-profile public figure to have their likeness used to promote Bitcoin Pro – an investment scam making the rounds on Facebook.

Ho Ching, who has served as Temasek’s CEO since 2004, warned her more than 57,000 followers on Monday:

“Just to alert everyone that there have been some more fat frogs jumping in the streets! […] The scams masquerading as breathless news from Straits Times, Channel News Asia, etc, have resurfaced and are making the rounds again, using my name and making up fake breathtaking quotes from me and others.”

Fake Ad of Bitcoin Investment Scam The ad bears the “as seen on” logos of several legitimate and reputable media outlets, including The New Paper, The Business Times, Today, The Independent Singapore, and Singapore Business Review.

In a “special report” titled “Ho Ching Latest Investment Has Experts in Awe and Big Banks Terrified,” the ad makes several false and sensationalist claims attributed to Ho, including details of a supposed call between Ho and the head of a major bank in which they beg her “stop divulging money-making secrets.”

Ho encouraged her followers to report the ad and cautioned them against getting conned into “get rich quick schemes” like Bitcoin Pro.

A spokesperson for Temasek said:

“These are not new scams – they’ve been around a long time and have targeted many high profile individuals, not just Ho Ching.

“At the end of the day, people need to be aware before committing to anything they see online endorsed by anyone with a public profile.”

Bitcoin Pro By Any Other Name Still a Scam Bitcoin Pro appears to be the latest iteration of the Bitcoin Revolution scam. Similar scams have appeared recently under names like Bitcoin Looper and Bitcoin Evolution.

You may also like: Mining Profits Dry Up Across Bitcoin, DOGE, LTC, and BCH Saylor Should Stop Buying Bitcoin, Says CryptoQuant Strengthening Dollar and OG Selling Pressure Keep Bitcoin Bears in Control  Regardless of the name, all of these scams have several things in common:

They advertise their scam on Facebook using ads that feature fake “news articles” about some famous celebrity or other public figure making sick amounts of money using their program. Like most high-yield investment plans (HYIPs) they promise dizzying profits in a matter of days, weeks, or months. They are practically clones of each other, using the same verbiage and making the same outlandish claims. Ho isn’t the first high-profile Singaporean to be unwittingly caught up in this scam. Earlier this year, former Prime Minister Goh Chok Tong had his likeness used to promote the scam, prompting the Monetary Authority of Singapore (MAS) to issue an official warning about the scam.

Bitcoin Scam Ads on Facebook are Hard to Kill Although Facebook removes the ads when they become aware of them, policing the Bitcoin scam ads appears to be akin to a game of whack-a-mole – no sooner do they take one down than another one (or more) pops up in its place.

A spokesperson for the social media giant cited the technical savviness of the scammers as one of the chief reasons it is so difficult to prevent the ads from being published. He explained that they “use sophisticated cloaking technology to mask content so that it shows different versions to our ad review systems than it does to people.”

“We encourage our community to report ads they believe are misleading as this information helps us improve our automated detection systems to counter cloaking tactics and make us better,” the spokesperson added.

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Pro-XRP and crypto attorney John E. Deaton, who won the Republican nomination for Senate in Massachusetts, has emerged as one of the largest crypto holders in the political space ahead of the election, with significant holdings in the largest digital assets on the market. 

XRP  Defender John E. Deaton’s Crypto Holdings Exposed Deaton, known not only for his legal expertise but also as a Marine veteran, has drawn attention for his ongoing defense of cryptocurrencies, particularly Ripple, amid the blockchain payments company’s fierce legal battle with US regulators over the past few years. 

Ripple, embroiled in a US Securities and Exchange Commission (SEC) lawsuit since 2020 for alleged “securities violations,” has supported Deaton’s campaign with substantial donations, as the Massachusetts state senate candidate has played a key role in the company’s defense.

Nonetheless, Fox Journalist Eleanor Terret brought to light the revelation on Wednesday that a substantial 80% of Deaton’s net worth is tied up in Bitcoin (BTC) or BTC-related investments, alongside undisclosed holdings in Ethereum (ETH), Solana (SOL), and XRP. 

Terret’s post on Deaton’s crypto holdings was made on Wednesday. Source: Eleanor Terret on X Ripple’s Political Push The involvement of Ripple, with significant contributions to the Commonwealth Unity Fund, a super political action committee (PAC) established by legal expert and crypto advocate James Murphy, showcases the growing influence over the past year of the crypto industry in the US political race. 

Ripple’s support, which includes $1 million in donations from key figures such as the company’s CEO Brad Garlinghouse and founder Chris Larsen, signals a concerted effort to support Deaton and foster a more crypto-friendly political climate, which has been marked by lawsuits and increasing enforcement actions against key industry players, especially in the past year.

Murphy, known for his insights on crypto enforcement matters under the pseudonym “MetaLawMan,” has articulated a vision of unity and collaboration in Congress, positioning Deaton as a candidate capable of bridging divides in the Senate regarding crypto regulation. 

However, with Warren’s stronghold in Massachusetts, not losing her seat since 2013, and her vocal stance against digital assets, Deaton’s campaign faces financial and ideological challenges.

In addition, the fundraising numbers also position Warren to outpace the Pro-XRP lawyer in contributions, reflecting the uphill battle for the crypto-friendly candidate. Murphy said in a recent interview with Fox:

Now, more than ever, we need unifiers in the Senate. I believe the people are ready to reject the divisive policies and actions of Elizabeth Warren.

The daily chart shows XRP’s uptrend recorded over the past month. Source: XRPUSDT on TradingView.com At the time of writing, XRP, the sixth largest cryptocurrency on the market, is trading at $0.615, down 1.5% in the last 24 hours, as the crypto market has seen a slight correction led by Bitcoin on Thursday. 

Featured image from DALL-E, chart from TradingView.com 

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Ridesharing App Lyft Partners With Blockchain Startup to Tokenize Healthcare Transport

Spending on global healthcare is increasing dramatically year on year. Projected to grow to over $10 trillion by 2022, the healthcare industry is a giant market fueled by rising life expectancy and a growing population, but the medical sector still faces multiple inefficiencies, especially with financial sustainability.

Digital innovations are reshaping the future of the healthcare landscape, and innovations are making care delivery more cost-effective, and more accessible than ever before. Blockchain holds the potential to bring greater trust, auditability, and traceability to multiple healthcare functions.

Solve.Care CEO & Founder Pradeep Goel However, when people think of blockchain technology adoption, healthcare isn’t necessarily the first application which comes to mind.

But there’s one blockchain technology company that is quickly changing that.

Blokt interviewed Solve.Care CEO Pradeep Goel, to find out why healthcare is such a ripe industry for blockchain disruption, and what Solve.Care’s role is within that process.

Founding Solve.Care Founded in 2017 and headquartered in Kyiv, Ukraine, Solve.Care is a healthcare platform built on distributed ledger technology which redefines benefits administration, care coordination, and healthcare payments – the three core pillars of healthcare systems around the world.

Founder and CEO Pradeep Goel has over 25 years of healthcare industry experience, building solutions for public programs such as Medicaid, Medicare, the Child Welfare program amongst others, as well as health insurance and health information exchanges.

In the US, almost one in every five dollars of national output is consumed by healthcare, a figure which is greatly exacerbated by fraud, waste, and abuse of the medical supply chain.

We asked Goel what made Solve.Care focus on a blockchain solution for these inefficiencies:

“My own son was diagnosed with a disorder which required him to see a neurologist. It took more than seven months to get an appointment. We called hundreds of neurologists individually. There was no other way to check their schedules. What about those diagnosed with a terminal illness struggling to make appointments with multiple specialists, without assistance?”

After encountering healthcare inefficiencies firsthand, Goel decided he would make healthcare more efficient for all parties, patients and caregivers alike – and blockchain technology was the perfect technology on which to build the Solve.Care solution.

How does Solve.Care Work? Although there are multiple healthcare apps in development which could be implemented using blockchain technology, Solve.Care stands out in the market with its unique approach to a blockchain healthcare platform.

Instead of offering a single-purpose app for users to download, Solve.Care provides a complete administrative platform which gives healthcare providers a unique opportunity to build their own ‘Care Administration Networks.’ This allows providers to connect and synchronize their participants, make instant payments inside the network, and share information instantaneously to reduce fraud.

The way the Solve.Care platform is built means it is designed to protect the security and privacy of users and patients data, while also improving access and accountability.

On top of the platform, healthcare stakeholders can use the Care.Wallet app and Care.Cards.

On the function of the Care.Wallet, Goel remarks:

“Care.Wallet is an organizer that stays with users throughout their life journey, no matter who sponsors or facilitates their healthcare. Our objective is to deliver a better healthcare experience at the lowest possible cost to both individuals and groups.”  

Goel also explains that even in the most efficient healthcare systems, at least 10-15% of budgets are spent on administrative costs, rather than delivering healthcare – a huge gap which could be significantly decreased.

Expanding on this issue, Goel says:

“Every dollar saved on administration costs could be redirected to spending on healthcare delivery. These are costs that need to be trimmed down and reduced. Is it achievable to a zero? No. But can we bring it as close to zero as possible, without compromising quality of care? Yes, and we should strive to do so.”

Solve.Care ensures the protection of potentially sensitive user data through the Care.Vault, which allows for both single ownership and multi-ownership data to be stored off-chain. Clinical data is safely secured in the Care.Vault, so only the Care.Wallet holder associated with the account has access and consent over rights and sharing.

The SOLVE Token Solve.Care concluded its token sale in the first half of 2018, selling 350 million SOLVE tokens in a sell-out raise.

SOLVE is an ERC-20 token used by clients, insurers, employers, and agencies in order to build Care Administration Networks inside the Care.Wallet for patients to use their services.

Likewise, SOLVE holders can sponsor care for loved ones, using SOLVE tokens to subscribe to vital healthcare services which also allow users to track the patients health daily.

Currently, SOLVE tokens are traded via secondary markets on Bittrex, KuCoin, Upbit, and more.

Geographic Focus Recently, Solve.Care has started turning toward the healthcare market in Asia, and many business meetings with healthcare insurers, blockchain trading platforms, and partners have taken place in Hong Kong, South Korea, and Japan.

Asked why Asia is such a key market for Solve.Care, Goel explained:

“When we look at the client base in Asia, we see a lot of interest around administration and coordination in healthcare. There are few advanced systems or well-defined platforms, like Solve.Care, available today to insurers in Asia.”

As part of Solve.Care’s Asian expansion strategy, the team is planning to issue Care.Cards in local languages such as Korean, Japanese, and Chinese. To achieve this, Goel says, Solve.Care is already in talks with multiple potential partners.

Likewise, Solve.Care is planning to launch reseller and delivery partnerships in Hong Kong, Korea, and China which will enable it to bring its platform to these markets with greater efficiency.

Solve.Care Live Applications In 2018, Solve.Care launched two blockchain applications to facilitate process administration for patients and physicians.

The first application, the ‘Care.Wallet for Physicians’, is already being used.

Goel says:

“Arizona Care Network, one of the largest accountable care organization in the US, is using the Care.Wallet solution for their network, which consists of 5,500 physicians caring for 250,000 members.”

The Care.Wallet app allows physicians to benefit from the ‘Provider Rewards Program,’ which evaluates healthcare provider performance and distributes rewards correspondingly.

Solve.Care stands out as being the first company ever to implement digital currency and blockchain in healthcare for value-based payments, as it has done with the Care.Wallet for Physicians which utilizes Solve.Care’s healthcare digital currency called Care.Coin.

Solve.Care’s second live application, the ‘Care.Wallet for Family’, has already been downloaded by people in over 80 countries.

Goel adds:

“Care.Wallet for Family is both GDPR and HIPAA compliant and is available from app store for Android. The app allows users to join sponsor networks launched by insurers, employers, or providers, and track their healthcare with just one app.”

Solve.Care will also issue a transportation card, integrated with its new partner Lyft, a major US transport company, to enable patients to access care more easily.

Healthcare Industry Adoption Of course, the success of the Solve.Care ecosystem will depend on adoption by healthcare professionals.

When asked how this adoption would grow, Goel explained:

“Healthcare stakeholders are open for real solutions that lighten the widespread burdens of fraud, waste, and lack of transparency. Increased demand for care is placing an intolerable burden upon already stretched healthcare resources. Complex support infrastructure, data system silos and administrative bureaucracy have given rise to inefficiency and duplication of efforts, wasting billions of dollars.”

Instead, Goel says, the Solve.Care platform can be easily implemented by insurance companies, government agencies, employers, large clinical networks, managed care organizations, or pharmaceutical companies.

The fact that Solve.Care’s platform is custom-built to serve the needs of any client makes it a perfect solution for a wide range of healthcare pain points.

What Does the Future Hold for Solve.Care? In 2019, Solve.Care is focusing on platform development and onboarding new clients to the Solve.Care platform. Likewise, Solve.Care is extending its platform throughout Asia a year ahead of schedule. This year, Goel tells us, Solve.Care will be announcing a major partnership in Asia.

Speaking more broadly about the Solve.Care roadmap for 2019, Goel remarks:

“For 2019, Solve.Care is on track to achieve 125,000 wallets being adopted. We also plan to publish more Care.Cards in the market, covering benefits, clinical care, and healthcare payments. Additionally, we plan to announce more partnerships regarding care delivery, disease management, and data management.”

When asked what Solve.Care’s plans are within the coming years, Goel had this to say:

“We have set a goal that in the next three years, Solve.Care will be a company that has all the governance, adoption, and revenue growth to launch an IPO on a major stock exchange.”

Lastly, Goel finished by reiterating his mission for the Solve.Care platform:

“Our underlying goal is that every man, woman, and child who needs healthcare at some point of their life will be able to use Care.Wallet to address their needs. We want to make the healthcare experience as easy and effective as possible for You, Me, our parents, and our children.”

Solve.Care is a noble and worthwhile goal, and a great use of blockchain technology for social good.

BitStarz Player Wins Record-Breaking $2,459,124! Could you be next to win big? >>>

Blokt is a leading independent privacy resource that maintains the highest possible professional and ethical journalistic standards.

The Blockchain Life 2019 Asia forum was held on April, 23-24, in Singapore. The organizer of this event was the leading worldwide listing agency called Listing.Help.

This year Blockchain Life 2019 Asia forum was attended by more than 3000 participants, including speakers, investors, developers, representatives of funds and worldwide blockchain companies. The main theme of the event became discussion of the current market trends and forecasts until the end of 2019.

Today Blockchain Life is a global and the most important event in the blockchain industry, because it critically effects the international crypto market, development of blockchain and worldwide digital economy.

Blockchain Life Awards, an independent contest in the framework in the blockchain and crypto currencies industry, takes place annually in the framework of the Blockchain Life forum. The winners in seven key nominations are determined through open voting. This year’s victory in the nomination ‘The Best Cryptocurrency Exchange‘ was won by the platform KuCoin. ‘The Best Trading Platform Launched in 2018‘ was the platform COINSBIT. ‘The Best Cryptomedia‘ was CCN.com. ‘The Best Blockchain StartUp‘ was ecosystem Eqwity. ‘The Best ICO Advisor‘ – Giovanni Casagrande. ‘The Most Innovative Blockchain Project‘ was Solve.Care. And Company NOVA achieved victory in the nomination The Best Corporate Product with the Use of Blockchain Technologies’.

The Coin Shark does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products or other materials on this page. Readers should do their own research before taking any actions. The Coin Shark is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the article.

10 of the best performing altcoins this week

Crypto markets remain in consolidation; Binance Coin getting back up, BSV falling further back, SOLVE on a charge.  Market Wrap Crypto markets have remained in consolidation for the past 24 hours. There has been no move to the upside indicating that further losses could be inevitable. Total capitalization remains around $250 billion where it was this time yesterday.

Bitcoin hit its intraday high of a touch over $7,900 a couple of hours ago but recoiled again instantly afterwards. Support lies around $7,600 which has been hit twice over the past 24 hours. With a failure to break $8,000 BTC appears set for further declines.

Ethereum is hardly worth mentioning as it is still hopelessly tied to the movements of its big brother. With little action on the day ETH remains just above $245. A large support zone sits at $230 which is where it will head if the correction accelerates.

The top ten is a mixed affair during Asian trading today. Six of the crypto assets have moved less than a percent though. Binance Coin has made the largest upward move of 6.5 percent taking BNB to $31.50. On the down side is Bitcoin SV dumping 9 percent back to $207.

There is equal red and green in the top twenty though movements are minimal as the consolidation continues. On the upside by a percent or two is Dash, IOTA and NEO while Tron and Tezos dump a couple.

FOMO: SOLVE Surges in South Korea A massive dose of fomo has gone to healthcare based platform SOLVE today as it surges 70 percent to $0.522, powering up the market cap charts to 52nd spot. South Koreans are going potty for this altcoin which spiked yesterday and has held gains. Three quarters of the total volume has been in KRW on Upbit and this comes as no surprise following the listing and inroads the project has made there;

UpBit now has KRW-SOLVE pair! This sensational development makes Care.Wallet more accessible in S. Korea. Just the latest step in our Asian expansion strategy. We're excited by the growing demand for our platform & the services and benefits, which require SOLVE token to access. pic.twitter.com/7R3OERsOUB

— TuumIO (@tuum_io) June 5, 2019

GXChain is also going strong at the moment with a pump of 26 percent and the third best performer in the top one hundred is Chainlink adding 16 percent. After a few days of solid gains Japan’s Monacoin is dumping today as it sheds 30 percent. Maximine Coin is the second worst altcoin at the time of writing dropping 23 percent.

Total market cap 24 hours. Coinmarketcap.com Total market capitalization has not really moved much since this time yesterday. It is currently at $250 billion however volume is starting to trail off slowly and is currently $10 billion less than it was yesterday. Another day of consolidation on crypto markets is keeping traders on their toes.

Market Wrap is a section that takes a daily look at the top cryptocurrencies during the current trading session and analyses the best-performing ones, looking for trends and possible fundamentals.

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Uber Health will take crypto payments via Solve.Care ($SOLVE) partnership

A new partnership between Uber and blockchain technology company Solve.Care aims to transform how patients and healthcare professionals can manage and coordinate medical appointments. The ridesharing giant’s healthcare subsidiary, Uber Health, a HIPAA-compliant technology solution for healthcare organizations that allows hospitals and other healthcare professionals to request, manage and pay for rides for patients and staff at scale, will integrate with Solve.Care’s wallet.

According to the announcement, Care.Wallet, a personal healthcare coordination and administration application, will connect to Uber Health for preapproved and predetermined care appointments, providing accessible and affordable rides to patients and caregivers.

Says Dan Trigub, head of Uber Health,

“Every year, an estimated 3.6 million Americans miss their medical appointments due to a lack of reliable transportation, with the cost of missed primary care appointments estimated at $150 billion annually. At Uber Health, we are always looking for ways to ensure that transportation is not a barrier to care. Via our HIPAA compliant solutions, we are working to facilitate rides for patients who might not have access or the ability to use smartphones and to improve access to care for patients with mobility issues. Our partnership with Solve.Care supports our efforts by bringing innovation to the healthcare space and driving greater accessibility to care for patients.”

Pradeep Goel, CEO of Solve.Care, says the partnership will bring managed transportation benefits to healthcare programs.

“By offering access to this Non-Emergency Medical Transportation (NEMT) service, we expect to improve the results of clinical delivery, and reduce overall healthcare costs for everyone.”

Since Solve.Care is built on the Ethereum blockchain, each ride will be logged and recorded allowing patients to pay for rides from their Care.Wallet using Ethereum-based tokens, and also share ride costs with family members, employers and insurance companies. The platform also allows for coordination among patients, providers, employers and family members for better planning, assistance, arrival, payments and the scheduling of appointments.

While the initial roll-out with Uber Health is scheduled for the US in the coming months, Solve.Care plans to become the leading global healthcare benefits administration solution, transforming the industry by solving the issue of affordable transportation for patients.

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How Blockchain Can Help Doctors Take Better Care of You

China’s crypto market and investors refuse to bow down to regulatory bans, remaining resilient and even thriving underground. Despite the Chinese government’s stringent ban on cryptocurrency trading and mining since 2021, a growing number of Chinese investors are creatively navigating the restrictions to funnel millions daily into digital assets.

However, it’s worth noting that this defiance comes as a response to a sagging domestic economy and a turbulent stock market. Meanwhile, crypto enthusiasts, both retail investors and financial institutions, are capitalizing on Hong Kong’s more crypto-friendly environment, pushing the boundaries of China’s stringent regulations.

Chinese Investors Shift Focus Towards Crypto Amid Market Challenges Dylan Run, a finance executive from Shanghai, exemplifies the trend of spending in cryptos, shifting his investment focus due to the economic downturn in China. In other words, as China’s economy and traditional markets face challenges, Chinese investors, like Dylan Run, are turning to cryptocurrencies as safer havens, Reuters reported. Notably, despite the government’s ban, investors utilize loopholes, such as trading through grey-market dealers with bank cards from rural banks, keeping transactions discreet to avoid scrutiny.

Meanwhile, operating in a grey area, Chinese investors employ creative methods to access cryptocurrencies. Although trading tokens like Bitcoin is prohibited in mainland China, investors utilize crypto exchanges such as OKX and Binance, along with over-the-counter channels to streamline the trading process.

In addition, Hong Kong’s endorsement of digital assets has spurred the use of annual forex quotas, allowing Chinese citizens to invest in cryptocurrency accounts in the territory. Notably, Chainalysis, a crypto data platform, reports a surge in crypto-related activities in China, despite the ban.

According to the data, the country recorded an estimated $86.4 billion in raw transaction volume between July 2022 and June 2023. This robust activity dwarfs Hong Kong’s $64 billion in crypto trading during the same period. Notably, the proportion of large retail transactions in China exceeds the global average, indicating substantial involvement from retail investors.

Also Read: Ripple Sends Letter To Judge Netburn Over SEC’s “Factual Mischaracterization”

Thriving Underground Market In Hong Kong China’s ban has led to the emergence of brick-and-mortar crypto exchange stores in Hong Kong, lightly regulated and catering to the demand of Chinese investors. For instance, offline shops, like Crypto HK, allow customers to purchase cryptocurrencies without stringent identity verification, contributing to the thriving underground crypto market.

Meanwhile, observers believe that Chinese officials are strategically endorsing crypto trading in Hong Kong, understanding both the disruptive potential and immense opportunities in the cryptocurrency market. Hong Kong, as a special administrative region, acts as a testing ground for potential shifts in the Chinese government’s stance towards digital assets.

As Chinese investors defy the crypto ban, the landscape of cryptocurrency trading continues to evolve. The resilience of investors, coupled with creative strategies and a growing market in Hong Kong, challenges the notion that the ban has curtailed China’s involvement in the crypto space. Notably, the coming months will likely witness further developments as investors explore the complexities of the cryptocurrency market amidst economic uncertainties in China.

Also Read: SatoshiVM Whales Accumulate More Tokens As SAVM Price Crashes 30%

HOUSTON, June 24, 2026 (GLOBE NEWSWIRE) -- KULR Technology Group, Inc. (NYSE American: KULR) (the "Company" or "KULR"), an energy-systems platform company that enables the safe, certifiable deployment of ultra-high-power lithium battery systems for space and defense programs, mobility applications, hyperscale AI data centers, and telecom infrastructure applications, today published a letter from the Company's Chairman and Chief Executive Officer, Michael Mo. The letter is available on the Company's investor relations page and the full text of the letter is as follows:

KULR TECHNOLOGY GROUP, INC.
Letter to Shareholders
From Michael Mo, CEO and Founder · June 2026

Dear shareholders, customers, and partners,

I want to step outside the cadence of quarterly reporting and share with you, in my own words, where KULR stands today, and where I believe we are headed. We have reached a point where the company’s broader strategic vision is coming into focus, and I want to share that vision with you directly.

Battery Is Infrastructure

Let me start with the idea everything else in this letter rests on: battery is infrastructure.

In the digital era, artificial intelligence runs on infrastructure we can see — power lines, fiber, and data centers. With the physical AI era now arriving, intelligence moves into machines that operate out in the world, and those machines depend on a different kind of infrastructure. Every satellite, every drone, every robot, every rack of backup power for AI compute runs on a battery system. The battery is not a component bolted onto physical AI; it is the energy foundation physical AI is built on.

There is a specific reason the battery is the foundation, and it sits at the heart of how we are building KULR. The markets we serve — autonomous platforms, directed-energy systems, and digital infrastructure — look unrelated on the surface, but they share one technical constraint: power density. A drone, a robot, a satellite, a directed-energy system, a rack of AI backup power — none of them needs a battery that simply stores energy. They need a battery that can deliver power: at five to twenty times the discharge rate of a standard cell, sustained through repeated high-demand cycles, with the heat that output generates managed without failure. That is a categorically harder problem than just energy storage, and it is the problem the KULR ONE platform was built to solve.

Power is the wedge. It is why our platform wins design, and everything downstream — the customers, the programs, the revenue — follows from solving it first. The constraint does not relax as physical AI scales; it tightens, with every system demanding more power, in less space, more safely, generation after generation. The company that owns that layer — safe, dense, high-discharge power delivered as a complete system — owns the infrastructure physical AI runs on. That is what we mean when we say battery is infrastructure: not energy you store, but power you can trust, everywhere the grid does not reach.

That is why our mission for 2026 is as direct as it sounds: build more batteries, and sell more batteries. It is not a slogan — it is the work of laying the infrastructure layer for the systems that will define the next decade. On our last earnings call, I said 2026 would be measured by three things: product revenue growth, gross margin improvement, and cost discipline. That is the commitment, and what we are accountable for delivering. Everything else in this letter is built on top of it.

The first quarter showed real progress: revenue nearly doubled year-over-year, product sales grew sharply, gross margin expanded meaningfully, and operating expenses came down even as revenue grew — the early signs of the operating leverage we promised. We will report the quarter-by-quarter details on our earnings calls; this letter is about the strategy those numbers are building toward. One quarter does not make a turnaround, but the direction is exactly what we said: build more batteries, sell more batteries, operate with discipline. That is the foundation everything else is built on.

What We Are Building On Top of the Foundation

As we develop all the technology pieces for our KULR ONE platform, we are building the energy and power electrification platform for physical AI — the autonomous, mobile, and intelligent systems that operate in the physical world.

Let me explain what I mean by physical AI, because the term is common but its substance is often missed. The AI most investors have encountered lives inside data centers — it runs on GPUs and draws power from the grid. Physical AI is the same intelligence — perception, planning, reasoning — embedded inside systems that operate in the physical world: a satellite processing data in orbit, a robot maintaining a space station, a drone flying an inspection route, a humanoid working in a warehouse, a counter-drone system responding in milliseconds.

PHYSICAL AI

The same intelligence, embedded inside systems that operate in the physical world.

Autonomous drone inspectionHumanoid & warehouse roboticsElectric aircraft / eVTOLSpace systems in orbit
Every one of these systems shares the same constraint. It must carry its own intelligence, because cloud latency makes remote inference impractical and often unsafe. And it must carry its own energy, because there is no grid in the sky, in orbit, on the ocean, on a battlefield, or on a robot floor. Physical AI is therefore defined by the convergence of three disciplines that have historically lived in separate industries: artificial intelligence, energy storage, and power electronics. The companies that integrate across them will define the next decade of physical infrastructure; the companies that operate inside only one will be commodities. This is the structural insight our platform is built on. And the way we get there is to start with what I described: build more batteries, sell more batteries. Every pack we ship is one more proof point that the platform works.

The NVIDIA Lesson

NVIDIA spent more than thirty years building the accelerated computing platform — graphics, then general-purpose parallel compute, then CUDA as a software ecosystem developers could not easily leave — and then watched the world’s most important workload, artificial intelligence, land on their architecture as if it had been designed for it all along. The platform was decades in the making; the payoff arrived in a compressed window once the workload showed up. Two lessons sit inside that history, and both shape how we think about KULR.

The first lesson is that platform companies reveal themselves one capability at a time, until the architecture that was always there becomes visible to everyone else. For most of those thirty years, NVIDIA looked like a graphics-card company. It was, in fact, assembling the substrate for modern AI. The second lesson is that platforms compound: each capability reinforces the others and makes the next one easier to add. The value is not in any single component but in the integration — which is what competitors find hardest to replicate. A company selling one component competes on price; a company with an integrated platform competes on architecture, and architecture is durable.

Our mission is to build KULR on a similar path, with one meaningful advantage NVIDIA’s own platform has now made possible — an advantage they did not have at the start: artificial intelligence is now accelerating the rate at which platforms can be designed, simulated, qualified, and brought to market. The same intelligence NVIDIA’s platform serves is what helps us iterate faster on cell chemistry selection, thermal architecture, control software, power electronics integration and manufacturing design. What took NVIDIA decades, I believe can compress meaningfully — not because the engineering is easier, but because the tools are categorically more powerful than they were even five years ago. To be candid, we are early. What I am committing to is that we will build with the patient discipline that defined the great platform companies, while taking full advantage of the accelerants that did not exist before — and let the architecture reveal itself through what we ship.

KULR’s Evolution

If the NVIDIA lesson is about how a platform is built, there is a second lesson — about how a company evolves over time — and the clearest example of it is SpaceX. I raise it because the company KULR is becoming is a natural evolution of the company we have been building: not a pivot, but a progression.

A little over two decades ago, SpaceX began with one hard problem: reaching orbit affordably. It solved that, then made launch reusable, then used that foundation to build Starlink, a global connectivity platform — and today that same orbital infrastructure is being positioned for the AI era, with disclosed plans for constellations of compute satellites in space. SpaceX turned one technology business into the next; it compounded them. Each stage was built on the domain expertise of the one before it, and over roughly twenty-four years a launch company became foundational infrastructure for the next era of computing.

KULR’s arc rhymes with that, on our own scale and timeline. The hard problem at our core is older than the company itself: for nearly forty years, the thermal management, carbon fiber, and safety engineering that keep high-energy systems from failing in the most unforgiving environments have been proven in space, alongside NASA and on real space missions. KULR was founded about thirteen years ago to build on that heritage — to carry four decades of space-proven thermal and safety engineering into new applications beyond space and defense. That expertise was never the destination. It was the foundation, because the hard part of building a safe, high-power battery is precisely the thermal and safety engineering that heritage gave us.

That foundation became the KULR ONE battery platform we operate today. The next stage is the same evolution carried forward: from a battery platform into a physical AI energy infrastructure platform — the company that supplies the safe, dense, high-power energy layer that autonomous machines depend on, across every market physical AI is creating. The thermal expertise made the battery platform possible; the battery platform makes the energy infrastructure platform possible. We are not changing what we are — we are growing into the fuller expression of it.

The Platform

Let me describe what the platform actually consists of, because “platform” is easy to claim and harder to substantiate. At the core is the KULR ONE battery architecture — cells and packs engineered for the power density I described, built for high discharge and the thermal stability to sustain that output safely. It is, by design, battery-cell-agnostic: it pairs with whatever chemistry serves the application best, so we can partner with every cell manufacturer and our customers always get the best technology for their needs. As cell chemistry advances and commoditizes through its maturity cycle, the architecture that integrates those cells safely and reliably captures more durable value.

Around that core sit the capabilities that turn a battery into a system: our battery management systems and control electronics; NASA-grade thermal management and passive propagation resistance — the safety engineering that lets a high-power pack operate next to people, processors, or astronauts; and KULR VIBE, our vibration-mitigation technology for the rotors and rotating systems that airborne platforms depend on. We are also beginning to build power electronics organically: the KULR ONE Charger, planned for 2026, will incorporate a power supply unit of our own design — our first power conversion product engineered in-house.

Each piece is useful on its own. Together they form the complete energy and power stack that an autonomous system needs. We are not assembling a catalog of products; we are assembling an integrated platform where the battery, the management software and electronics, and the thermal and safety engineering are designed to work as one.

And we are building the capability to make it at scale. From our vertically integrated facility in Texas — which we are expanding with new high-volume production lines — we are bringing battery assembly, certification, and high-performance component fabrication in-house, so we can build, qualify, and ship faster and at lower cost. A platform is only as real as the factory behind it, and we are building ours to be the one-stop shop the US market needs for high-power batteries.

We bring this platform to five core end markets where physical AI is creating the largest infrastructure opportunities of the next decade.

The Five End Markets

01 · SPACE & DEFENSE
Autonomous systems
The engineering reference standard — KULR ONE Space, qualified in low-Earth and geostationary orbit.

02 · LOW ALTITUDE ECONOMY
Drones & UAS
Below 3,000 feet, toward roughly $210 billion by 2045.

03 · AI DATA CENTER BACKUP
Power at the rack
Edge inference, a roughly $255 billion market by 2030 — on the ground and in orbit.

04 · ENERGY AS A SERVICE
Power delivered as a service
Guaranteed uptime, not equipment — turning hardware sales into recurring revenue.

05 · ROBOTICS
Physical AI on the ground
Toward roughly $370 billion by 2040 — engaged with two humanoid customers; operations in Japan.

The first is space and defense autonomous systems — the engineering reference standards for everything else we build. They operate where battery failure is not recoverable, imposing certification, safety, and reliability requirements no commercial application can match. Meeting that bar in our KULR ONE Space program is what gives our platforms credibility in every other market: customers in defense drones, electric aviation, and AI data centers inherit a battery architecture qualified in low-Earth and geostationary orbits.

That heritage is now extending into physical AI in orbit. Autonomous, free-flying space robots are embodied AI systems that must carry both their own intelligence and their own energy in the most demanding environment that exists — and KULR ONE Space is being selected to power them. Alongside continued satellite mission wins across low-Earth and geostationary orbit, these programs extend our space heritage into a new class of mission. In the most recent quarter, additional low-Earth and geostationary programs selected KULR ONE Space, and our space-qualified batteries remain in active deployment across multiple satellite missions.

The second is the Low Altitude Economy — for a US audience, simply the drone and unmanned aerial systems economy: UAVs and drones operating below 3,000 feet across logistics and last-mile delivery, agricultural and infrastructure inspection, public safety, and the fast-growing fleet of defense and counter-drone platforms procured under NDAA-compliant mandates. Bank of America Global Research projects the global low altitude economy growing toward roughly $210 billion by 2045, and the United States market is opening rapidly as domestic, NDAA-compliant supply becomes a national priority. 2026 is the inflection year — when frameworks become revenue. Every one of these aircraft is, at its core, a battery-powered flying computer, and our KULR ONE Air platform — with a dual-purpose architecture spanning traditional rotorcraft and emerging electric aviation — positions us across this market. Execution here is the furthest along of any market we serve: our high-power flight packs are already in production and broadening adoption, our rotorcraft and electric-aviation partnerships extend the platform across traditional and emerging aircraft, and we recently won a prototype contract for a US defense drone program — with manufacturing scaling toward thousands of packs per month to meet the demand. And the value of these batteries does not end when their flight life does. A pack engineered for electric aviation retains meaningful useful life once its aviation service is complete, and we are designing for it to begin a second life as stationary energy storage, delivering years of additional service on the ground. One battery, two lives: a more sustainable and more capital-efficient model that turns what the industry treats as end-of-life into the start of a second mission.

The third is AI data center backup — an opportunity spanning two environments converging on the same need. On the ground, AI economics are shifting decisively toward inference at the edge, in telecom facilities, commercial real estate, and distributed sites close to where data is generated — which analysts expect to be the majority of a roughly $255 billion inference market by 2030 (MarketsandMarkets). KULR ONE MAX is engineered for these deployments: high-power, propagation-resistant battery backup that installs at the rack, co-located with compute, without the cooling and footprint of a hyperscale facility. In orbit, the same logic plays out on a larger scale: SpaceX’s recent S-1 disclosed plans for up to one million orbital AI compute satellites targeting 100 gigawatts of capacity beginning in 2028 — and because orbital infrastructure cannot be serviced by technicians, it depends on autonomous space robotics for inspection, repair, and assembly, the same systems KULR ONE Space is being selected to power. On the ground or in orbit, AI compute needs energy engineered for power density, safety, and reliability, and KULR is positioned to power both. We are already executing: licensing our propagation-resistant safety and thermal IP to data center OEMs, advancing a high-power backup platform purpose-built for the rack, and holding a seat in the consortium defining next-generation data center power standards.

The fourth is Energy as a Service — mission-critical power delivered as a managed service rather than sold as hardware. If battery is infrastructure, this is how we deliver and monetize it: KULR provides the battery systems, safety architecture, monitoring, and lifecycle management, and the operator pays for guaranteed power, not equipment — turning one-time hardware sales into multi-year recurring revenue and moving backup power off the customer’s balance sheet. We are starting where the need is most acute, with telecom operators migrating from lead-acid to lithium-ion — already moving from concept to engagement, with a growing set of operators evaluating the model with us. But the model is not telecom-specific: the same logic of guaranteed uptime, delivered as a service, extends to commercial real estate, data centers, and any infrastructure where downtime is not an option. It is the infrastructure-as-a-service layer of our platform — the same shift that turned computing into a service, applied to power.

The fifth is robotics — physical AI on the ground, and ultimately perhaps the largest opportunity of all. McKinsey projects the general-purpose robotics market growing from under $1 billion in 2025 to roughly $370 billion by 2040; venture funding has tripled since 2023, governments have declared embodied AI a strategic priority, and SoftBank called physical AI its next frontier in its $5.4 billion acquisition of ABB’s robotics division — the capital and the conviction are arriving together. Every general-purpose robot faces the same constraint as every other physical AI system: it must carry its own energy, deliver high burst power for dynamic motion, manage heat in a compact enclosure, and stay safe around people and in a fall. The differentiator is not only the cell chemistry but the pack architecture, thermal management, and operational safety wrapped around it — precisely the KULR ONE platform’s strength. Our work here is already underway: through KULR ONE Air we are engaged with two humanoid robotics customers, our space programs already power robotics in the most demanding environment that exists, and we are establishing operations in Japan, one of the world’s deepest robotics ecosystems, to position KULR at the energy and safety layer where, as the supply chain matures, durable value will concentrate.

Why Power, Compute, and Intelligence Will Integrate at the Edge

I want to share one structural insight foundational to how investors should think about KULR’s place in the future of AI and physical AI. We are not creating that future — it is driven by forces far larger than any one company — but we see clearly where it is heading, and we are positioning KULR to align with this future. As edge AI matures, the relationship between the energy system and the compute system is inverting, and the company that owns the power infrastructure is positioned to own substantially more than power.

Four trends point in this direction. Edge inference silicon is shrinking fast — a Jetson Orin Nano delivers 40 trillion operations per second at 15 watts, smaller than a deck of cards. Small language models are advancing toward distilled forms that run on hardware fitting inside a battery enclosure. Agentic workloads — predictive maintenance, anomaly detection, energy optimization — operate on exactly the current, voltage, temperature, and cycle data the battery management system already holds, making the BMS their natural home. As compute becomes the smaller element, the rational configuration is compute inside the power system, not power beside it — and the owner of the power infrastructure becomes the natural integration point for the compute, memory, and intelligence that run on top of it.

There is a larger architecture implied by all of this. The first era of AI was built on centralization — vast, power-hungry data centers concentrating compute in a few places. Physical AI runs the other way: when intelligence has to live where the work happens — in orbit, in the air, on the factory floor, at the edge of the network — energy and compute must be distributed there too. The future of AI infrastructure is not only larger central data centers but a distributed fabric of energy-and-compute nodes across the physical world. Each of our markets is a node in that fabric where distributed energy and distributed intelligence meet.

I want to be measured about this. It is a structural direction over a multi-year horizon, it will be contested, and it will require KULR to invest in capabilities adjacent to our platform — software, edge AI deployment, and partnerships with model and compute providers. The decisions we are making — the battery-cell-agnostic architecture, the investment in battery management systems, the engineering depth we are extending into Japan — are the decisions that position us at the integration point of the edge intelligence stack as it emerges.

Taken together, the markets this addresses are vast — edge AI inference, general-purpose robotics, the Low Altitude Economy, orbital AI infrastructure, and energy services for critical infrastructure — served by a common platform, the integration of energy, compute, and intelligence at the edge.

Looking Forward

Over the years ahead, we will reveal the platform one capability at a time. Each quarter will bring proof points — customer wins, program advances, manufacturing milestones, partnership extensions, financial discipline — that together demonstrate the architecture we are building. Some quarters will be lumpy, because foundational programs in physical AI are multi-phase and revenue does not always land in the quarter a strategic position is secured. We will be clear about which milestones are foundational and which are revenue-generating.

We will continue to invest in this platform, extend our partnerships, and expand our global footprint with conviction — and operate with discipline, deploying your capital where it builds the most enduring positions. The opportunity, as I see it, is to build the platform the autonomous and intelligent systems of the next decade will depend on — because battery is infrastructure, and that infrastructure is ours to build. The way we get there is by doing exactly what we said we would in 2026: build more batteries, and sell more batteries.

Thank you for the trust you have placed in KULR. I am honored to do this work on your behalf, alongside a team that shows up every day to earn it.

Sincerely,
Michael Mo
Chief Executive Officer and Founder
KULR Technology Group, Inc.

Market Data Sources

• General-purpose robotics (~$370B by 2040, from <$1B in 2025): McKinsey & Company, “Will embodied AI create robotic coworkers?” (June 2025).

• Low Altitude Economy (~$210B by 2045): Bank of America Institute / BofA Global Research, “The ‘low-altitude’ economy is taking off” (June 2025).

• AI inference market (~$255B by 2030): MarketsandMarkets, AI Inference Market (2025).

• Orbital AI compute satellites (up to ~1 million, ~100 GW from 2028): SpaceX, Form S-1 registration statement filed with the U.S. Securities and Exchange Commission (2026).

Forward-Looking Statements

This letter contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Forward-looking statements may be identified by words such as “believe,” “expect,” “intend,” “plan,” “will,” “should,” “could,” “may,” “anticipate,” “project,” “target,” “on a [year] horizon,” and similar expressions.

These statements include, but are not limited to, statements regarding the Company’s strategic direction, market opportunities, platform development, partnerships, supply chain, geographic expansion, anticipated benefits of strategic partnerships, anticipated benefits of expansion into Japan, anticipated growth in addressable markets including space and defense, AI inference, AI data center infrastructure, orbital AI infrastructure, the Low Altitude Economy, general-purpose and humanoid robotics, and Energy as a Service for critical infrastructure, anticipated technology roadmap, expected timing of manufacturing capacity expansion and consolidation activities, anticipated future integration of compute, memory, and agentic intelligence with the Company’s power platform, and the Company’s overall business outlook.

Forward-looking statements are based on management’s current expectations and assumptions and are subject to known and unknown risks, uncertainties, and other factors that may cause actual results, performance, or achievements to differ materially from those expressed or implied by the forward-looking statements. Factors that could cause actual results to differ include, but are not limited to: risks related to the Company’s reliance on third parties; risks related to the closing and execution of strategic partnerships and customer agreements; market acceptance and adoption of the Company’s products and services; risks related to the development and certification of new products and platforms; competition; supply chain, geopolitical, and regulatory risks; the timing and execution of manufacturing capacity expansion; risks related to the development of edge AI compute integration and adjacent capabilities; and the other risk factors described in the Company’s filings with the Securities and Exchange Commission, including its most recent Annual Report on Form 10-K and Quarterly Report on Form 10-Q.

The Company undertakes no obligation to update or revise any forward-looking statements to reflect events or circumstances after the date of this letter, except as required by law. Statements concerning third parties, including SpaceX, NVIDIA, Bank of America Global Research, McKinsey & Company, and industry market sizing, are based on publicly available information and are referenced for context. The Company makes no representation as to the accuracy or completeness of such third-party statements.

About KULR Technology Group, Inc.
KULR Technology Group, Inc. (NYSE American: KULR) is an energy-systems platform company delivering certifiable battery safety, vibration-mitigation, and thermal control solutions that enable ultra-high-power lithium-ion systems and sensitive electronics to operate reliably across space and defense missions, mobility applications, hyperscale AI data centers, and telecom infrastructure applications. Learn more at KULR.ai.

Find KULR: Website | X | Telegram | LinkedIn | Instagram | TikTok | Facebook

Investor Relations:
KULR Technology Group, Inc.
Phone: 858-866-8478 x 847
Email: [email protected]

Safe Harbor Statement
This release contains certain forward-looking statements based on our current expectations, intentions and assumptions that involve risks and uncertainties. Forward-looking statements in this release are based on information available to us as of the date hereof. Our actual results may differ materially from those stated or implied in such forward-looking statements, due to risks and uncertainties associated with our business, which include the risk factors disclosed in our Form 10-K filed with the Securities and Exchange Commission on March 31, 2026, as may be amended or supplemented by other reports we file with the Securities and Exchange Commission from time to time. Forward-looking statements include statements regarding our expectations, beliefs, intentions, or strategies regarding the future and can be identified by forward-looking words such as “anticipate,” “believe,” “could,” “estimate,” “expect,” “intend,” “may,” “should,” and “would” or similar words. All such forward-looking statements that are provided by management in this release are based on information available at this time, and management expects that internal expectations may change over time. These statements are not guarantees of future performance and are subject to known and unknown risks, uncertainties and other factors that could cause actual results to differ materially from those expressed or implied by such forward-looking statements. Except as otherwise required by applicable law, we assume no obligation to update the information included in this press release, whether as a result of new information, future events or otherwise.

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Data suggests users on Reddit were calling to buy the recent Bitcoin dip while other social media platforms were either bearish or indecisive.

Bitcoin Social Volume Reveals How Different Social Media Platforms Reacted To Dip According to data from the analytics firm Santiment, the different major social media platforms have been split on how to react to the recent price action in the cryptocurrency.

The indicator of interest here is the “social volume,” which keeps track of the total unique amount of posts that make mentions of a specific topic or term on a given social media platform or group of platforms.

This metric tracks the number of posts/threads/messages rather than the mentions themselves, as the latter methodology can provide an inaccurate representation of the actual amount of discussion taking place related to the topic.

This is naturally due to the fact that sometimes discussion around a topic can be limited to a couple of threads, but with each of them making a considerable amount of mentions.

This trend is obviously not representative of what the wider community thinks, as only the users participating in these threads are interested in the topic. Thus, counting the posts makes more sense, as this number would only go up when there is genuine interest across the platform.

Now, what Santiment has done here is that it has filtered the social volume related to Bitcoin/cryptocurrency for bearish and bullish terms for each of these four major social media platforms: Telegram, Reddit, 4Chan, and X (formerly Twitter).

Here is a chart that shows the trend in these social volumes for all these websites:

How the different social media userbases reacted to the dip | Source: Santiment on X The bullish terms chosen by the analytics firm here are keywords like buy, bottom, and bullish. Similarly, the keywords related to bearish sentiment are sell, top, and bearish.

From the graph, it’s visible that during the recent Bitcoin plunge towards the $38,500 level, the Telegram users were mostly bearish as the social volume for terms pertaining to this mentality spiked. X users had also turned bearish, although the bullish social volume wasn’t much lower.

4Channers had seemed completely split on the trajectory of the asset, as both the social volumes were at about the same levels for the platform. Redditors appear to have been on the other end of the spectrum from Telegram and X users, as calls for buying the dip had spiked on the platform.

So far, the bets of the Redditors would have paid off, as BTC has made some recovery since the dip that they made potential buying moves at, although the scale of the surge has so far not been too much.

Historically, Bitcoin has tended to move against the expectations of the majority. Since these platforms are all split on the direction of the coin, it’s hard to say anything about where BTC would go based on the sentiment alone.

“When Telegram, Reddit, X, and 4Chan are all in an extreme level of bullish or bearish sentiment, this is the ideal time to be a contrarian and go against the crowd’s uniform presumptions about the markets,” explains Santiment.

BTC Price At the time of writing, Bitcoin is floating around the $40,200 level, down more than 5% over the past week.

Looks like the price of the coin has made some recovery in the last couple of days | Source: BTCUSD on TradingView Featured image from Kanchanara on Unsplash.com, charts from TradingView.com, Santiment.net

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Ethereum price managed to hold the $2,200 support as the crypto market downturn intensified this week, on-chain signals highlight rising whale demand. 

On Jan. 22, the crypto market suffered significant bearish headwinds as Bitcoin (BTC) prices wobbled below $40,000 for the first time in 50 days. At press time on Jan. 25, the global crypto market capitalization has shrunk 7%, with $108.5 billion in valuation wiped out within the weekly timeframe. 

Ethereum (ETH) vs. Crypto Market Cap Performance | Source: TradingView Losing 5% in Ethereum (ETH) price has maintained a relatively more resilient performance than the industry average between Jan. 22 and Jan. 24.

Ethereum whale activity remains high despite downtrend  Ethereum price has managed to keep losses below the 5% threshold this week, while Bitcoin and the global crypto market cap shrunk by up to 7%, respectively, before making a mild rebound. On-chain data trends suggest that the rising level of whale trading activity recorded on the Ethereum network this week has been pivotal to ETH’s resilient price performance. 

Santiment’s Whale transaction count metric tracks the daily number of transactions involving a particular cryptocurrency that exceeds $100,000.

On Jan. 23, the Ethereum Whale Transaction Count surged above 1,190. A closer look at the chart below shows this was the highest recorded since the ETH price raced to a 20-month peak of $2,690 on Jan. 11. 

Ethereum (ETH) Price vs. Whale Transaction Count | Source: Santiment Corporate entities accumulate ETH at significantly high volumes despite the broader market retreat. This could be attributed to investors and fund sponsors looking to acquire Ethereum ahead of a looming ETH spot ETF verdict. 

During market downtrends, an increase in whale transactions impacts the price of a crypto asset positively in two major ways. Firstly, it provides market liquidity, enabling bearish panic sellers to execute their trades at favorable prices. It also reinforces confidence among small-scale retail traders. 

These factors have played a vital role as ETH battles to hold above the $2,200 support level amid market-wide sell-offs this week. 

Ethereum investors opt for long-term storage Furthermore, Ethereum has also recorded a steady decline in exchange reserves this week, which could be linked to the rise in whale activity. 

Corporate entities and whales are known to be value investors who tend to hold for longer periods. Unsurprisingly, the rising volumes of whale transactions on the Ethereum network in recent months have coincided with a rapid decline in supply deposited on exchanges. 

At the start of the week on Jan. 22, Ethereum supply on exchanges stood at 10.5 million ETH. But interestingly, that figure has dropped sharply to 10.4 ETH by Jan. 25. 

Effectively, this means that investors have shifted 150,000 ETH worth approximately $330 million from exchanges and trading platforms into long-term storage or staking contracts. 

Ethereum (ETH) Supply on Exchanges vs. Price | Source: Santiment Despite bearish headwinds, Ethereum Supply on Exchanges dropped by 150,000 ETH in the last four days, signaling a dominant preference for long-term holding and passive income staking among current holders. 

Notably, Ethereum exchange supply has been in a downtrend since the Proof of Stake (PoS) transition in May 2023, a move that has coincided with an extended period of price uptrend. 

ETH price prediction: Can Ethereum Price Stay Above $2,000?  As the downward trend in exchange supply persists, fewer ETH coins are readily available to be traded in spot markets. This appears to have decelerated the selling pressure on Ethereum this week relative to the broader altcoins market. Combined with the steady rise in whale transactions, Ethereum price is in a prime position to defend the $2,000 territory. 

IntoTheBlock’s in/out of the money around price data, which groups all existing ETH holders by their entry prices, also affirms this stance. 

It shows that 8.3 million addresses, the largest cluster of ETH holders, had acquired 46.5 million ETH at the maximum price of $2,078. If Ethereum price slides toward $2,100, many of these holders could make frantic covering purchases to defend their positions to avoid slipping into net-loss positions. This could effectively trigger an instant Ethereum price rebound. 

Ethereum (ETH) Price Forecast, Jan 2024 | Source: IntoTheBlock On the upside, Ethereum bulls could overturn the bearish pressure if it reclaims the $2,500 territory. But this looks unlikely within the current market dynamics. As seen above, a significant cluster of 3.7 million addresses had acquired 7.1 million ETH at an average price of $2,400. 

If they engage in mild profit-taking as prices hit their break-even point, Ethereum could slide into another correction phase.

Top 11 Platforms To Trade the Cheapest Cryptocurrencies

Buying bitcoin when CZ tweets ‘gm’ has paid off so far — but so has stacking sats

Toncoin (TON) and Ripple (XRP) both digital currencies have experienced downtime and in today’s market declined. Toncoin (TON) witnessed a 0.56% downward spiral and Ripple (XRP) had a 1.40% increase. On the other hand Pushd (PUSHD) has become an alternative for investors who are seeking to buy into new coins with potential. Pushd (PUSHD) basic utilities stand the token out from others. With a debit card that allows users to spend on their funds revenue fees for presale investors proportional to their holdings, swap services, a reward program, decentralized governance and a VIP program Pushd (PUSHD) has become investors favorite.

Toncoin (TON) price has declined leaving the coin trading at $2.09 with a trading volume of $27,904,315 and Ripple is at $0.5025 with a 24 hour trading volume of $845,853,957. While Toncoin (TON) and Ripple (XRP) pose a market danger there could be some positivity in their price action in the future. The crypto market is highly volatile and external or internal forces could boost Toncoin (TON) and Ripple (XRP) in the future. As a future market blue chip crypto Pushd (PUSHD) shows a positive market future in the coming bullish market.

Will Toncoin (TON) Ever Stay Stable in the Crypto Market?In November 2021 Toncoin spiked past $4 but in January 2024 it’s trading at half of its 2021 market price. Toncoin (TON) market run has always shown inconsistencies and could ruin investors who are not good market experts. The coin went below $1 in the mid year of 2022 before rising to $2.40. Throughout 2023 the token navigated around $2 to $3 going through bearish and bullish trends.

Five days ago Toncoin (TON) witnessed a 5% loss leaving the coin at a 6% loss in 7 days. Toncoin (TON) against its peers has been underperforming. The Q4 of 2023 saw the coin in the top ten of cryptocurrency market capitalization which is lower than it’s currently at 14.

Despite a Successful SEC Win Ripple (XRP) is Still on a Downward SpiralAnalysts believe that there is a turnaround for Ripple (XRP) but holders and investors are looking for quick profits. Ripple (XRP) began 2024 bearish, plummeting in its market chart. The token is ranked 6th by market cap but it doesn’t seem like the market cap is enough to get the coin out of its bearish zone despite its dedicated community.

After its partial SEC victory Ripple (XRP) has yet to recover posting a 16% loss in the past month and underperforming in terms of returns on investment. Rippe’s (XRP) downward trend has cost the coin its place in the top five cryptos in terms of size leaving its 5th position for Solana (SOL) and now ranked 6th.

Pushd (PUSHD) Buying Rave is Not Letting DownPushd (PUSHD) market expectations are looking better than Toncoin (TON) and Ripple (XRP). Investors are taking advantage of Pushd (PUSHD) market price in its presales stage which is situated at $0.075. Pushd (PUSHD) offers rewards that are user centric like governance rights and platform shares.

In the $6 trillion crypto world Pushd (PUSHD) brings an innovative idea that offers not just a short term goal but also a long term one. Pushd (PUSHD) is built in a way that allows investors market activities to be fast and easy.

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