SAN JOSE, Calif., Nov. 22, 2024 /PRNewswire/ — Anixa Biosciences, Inc. (“Anixa” or the “Company”) (NASDAQ: ANIX), a biotechnology company focused on the treatment and prevention of cancer, today announced that its Board of Directors has approved the purchase of Bitcoin as a treasury reserve asset.

With Anixa’s strong balance sheet and excess cash, this strategic decision aims to diversify the Company’s treasury holdings while positioning Anixa to benefit from the potential long-term value of digital assets.

The Company also reaffirmed its ongoing stock buyback program as part of its commitment to enhancing shareholder value.

“We are pleased to add this asset class as an investment option for us. We are thrilled that both of our clinical trials—a breast cancer vaccine (NCT04674306), and an ovarian cancer therapy treating recurrent and resistant patients (NCT05316129)—have produced results that have exceeded our expectations. We are proud of our strategy to move our trials forward, while burning relatively low levels of cash. Our decision about Bitcoin is an additional approach to prudent financial management, enabling greater shareholder value,” said Dr. Amit Kumar, CEO of Anixa.

“As we continue to execute on our mission of advancing life-changing cancer therapies, we are also focused on creating long-term financial value for our shareholders,” said Mike Catelani, President and CFO of Anixa. “With Bitcoin‘s growing recognition as a mainstream asset class, we believe it represents a valuable addition to our treasury reserve strategy. The approval of Bitcoin ETFs and increasing participation from institutional investors highlight its rising importance in global markets. Its unique inflation-resistant qualities and potential as a reliable store of value aligns with our goal of optimizing long-term financial stability and growth. Combined with our stock buyback program, this initiative reflects our confidence in the Company’s growth trajectory and our dedication to delivering shareholder returns.”

For those interested in learning more about the Company, a 30-minute presentation given at a recent investor conference is available on the Company’s website at https://ir.anixa.com/events, or at the conference organizer’s web page here: Webinar Registration – Zoom. 

About Anixa Biosciences, Inc.
Anixa is a clinical-stage biotechnology company focused on the treatment and prevention of cancer. Anixa’s therapeutic portfolio consists of an ovarian cancer immunotherapy program being developed in collaboration with Moffitt Cancer Center, which uses a novel type of CAR-T, known as chimeric endocrine receptor-T cell (CER-T) technology. The Company’s vaccine portfolio includes vaccines being developed in collaboration with Cleveland Clinic to treat and prevent breast cancer and ovarian cancer, as well as additional cancer vaccines to address many intractable cancers, including high incidence malignancies in lung, colon, and prostate. These vaccine technologies focus on immunizing against “retired” proteins that have been found to be expressed in certain forms of cancer. Anixa’s unique business model of partnering with world-renowned research institutions on all stages of development allows the Company to continually examine emerging technologies in complementary fields for further development and commercialization. To learn more, visit www.anixa.com or follow Anixa on Twitter, LinkedIn, Facebook and YouTube.

Forward-Looking Statements
Statements that are not historical fact may be considered forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are not statements of historical facts, but rather reflect Anixa’s current expectations concerning future events and results. We generally use the words “believes,” “expects,” “intends,” “plans,” “anticipates,” “likely,” “will” and similar expressions to identify forward-looking statements. Such forward-looking statements, including those concerning our expectations, involve risks, uncertainties and other factors, some of which are beyond our control, which may cause our actual results, performance or achievements, or industry results, to be materially different from any future results, performance, or achievements expressed or implied by such forward-looking statements. These risks, uncertainties and factors include, but are not limited to, those factors set forth in “Item 1A – Risk Factors” and other sections of our most recent Annual Report on Form 10-K as well as in our Quarterly Reports on Form 10-Q and Current Reports on Form 8-K. We undertake no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law. You are cautioned not to unduly rely on such forward-looking statements when evaluating the information presented in this press release.

Contact:
Mike Catelani
President, COO & CFO
mcatelani@anixa.com
408-708-9808

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SOURCE Anixa Biosciences, Inc.

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DUBAI, UAE, Nov. 21, 2024 /PRNewswire/ — Bybit, the world’s second-largest cryptocurrency exchange by trading volume, is pleased to reaffirm its commitment to providing ease of access to digital assets for eligible P2P users in Africa at zero fee. Connecting buyers and sellers at no cost, Bybit P2P continues to be the benchmark for cost-effective and convenient trading experiences.

Since its launch in Jan. 2022, Bybit P2P has consistently provided a user-friendly platform for users seeking a safer way to participate in the digital asset class. The services are offered at no costs for merchants and takers in P2P transactions:

• Merchants: Merchants may post advertisements on Bybit P2P for free.
• Takers: Users may place an order through advertisements listed on the P2P platform at no costs. The offer stands across all fiat trading pairs. Third-party fees may incur depending on the payment method chosen, as the payment providers may charge a transaction fee.

P2P Fee Structure (Africa)

In addition, Bybit has launched an exciting P2P Coupon Giveaway Campaign from now to Jan. 15, 2025. As part of this initiative, users can earn a share of up to 20,000 USDT in rewards by completing tasks such as depositing $100 or trading $50,000 through Bybit P2P. The rewards will be in the form of Bybit P2P coupons to be redeemed in the next purchase, making the zero-fee transactions an even better deal for winners.

“Bybit’s steadfast commitment to contributing to financial inclusion comes in all forms, and keeping our P2P services free for as long as we can, and for as many users as possible, is one of the ways to support the crypto community,” said Joan Han, Sales and Marketing Director at Bybit. “When users come to our platform with the hopes of generating income on their assets, we want to play a supportive role in helping them reach their personal financial goals,” she added.

P2P on Bybit offers an intuitive and cost-effective peer-to-peer trading platform, facilitating the buying and selling of two users’ holdings at an optimal, agreed-upon price between them. With Bybit P2P, users stand to benefit from Bybit’s enterprise-level security and advanced features including comprehensive built-in KYC and KYB verification mechanisms, rigorous asset management protocols, and 24/7 customer service.

Find out more about the event and eligibility at Bybit P2P.

#Bybit / #TheCryptoArk

About Bybit

Bybit is the world’s second-largest cryptocurrency exchange by trading volume, serving over 50 million users. Established in 2018, Bybit provides a professional platform where crypto investors and traders can find an ultra-fast matching engine, 24/7 customer service, and multilingual community support. Bybit is a proud partner of Formula One’s reigning Constructors’ and Drivers’ champions: the Oracle Red Bull Racing team.

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The Rise of Crypto Exchange Tokens as Blue Chips

Institutional interest in cryptocurrencies is surging, driven by the success of spot Bitcoin ETFs and increasing adoption of blockchain technologies. While much of the crypto market remains speculative, exchange tokens, the native cryptocurrencies of trading platforms, are well-positioned to become the blue-chip investments of the digital finance era, offering both stability and exponential growth opportunities.

What Are Crypto Exchange Tokens?

Crypto exchange tokens serve as utility tokens for trading platforms, offering fee discounts, rewards, and other benefits. Unlike traditional cryptocurrencies like Bitcoin (BTC-USD), which have limited utility, exchange tokens play a critical role in their ecosystems, providing tangible value and continuous growth for traders and investors alike.

How Crypto Exchange Tokens Mimic Blue Chips

The term “blue chip” describes assets that deliver consistent, long-term value. Exchange tokens, with their essential role in the crypto ecosystem, mirror this concept by offering sustainable growth tied to the success of their parent platforms.

For example, Binance Coin (BNB), the native token of Binance, has grown alongside the exchange to become the fourth-largest cryptocurrency by market cap. With a history of high utility and impressive growth, BNB exemplifies the blue-chip potential of exchange tokens.

High-Potential Exchange Tokens to Watch

While BNB has already cemented its status, several other exchange tokens show significant promise:

1. Bitget Token (BGB)

Bitget Token (BGB) has emerged as a top performer in 2024, reaching an all-time high of $1.39. Recognized by Forbes for its strong performance, BGB demonstrates resilience in volatile markets.

Bitget’s rapid growth, including 20 million new users since March, positions it as a major competitor to Binance. With ongoing developments like a bank card launch and expanding licensing, BGB is poised for continued success.

2. OKB (OKB)

OKX’s native token, OKB, offers extensive functionality, including up to 40% fee reductions and passive income opportunities through the OKX Earn platform.

With a market cap of $2.25 billion and a relatively low supply of 300 million tokens, OKB has significant upside potential. Its utility extends to decentralized finance (DeFi), enhancing its value proposition as a blue-chip candidate.

3. KuCoin Token (KCS)

KuCoin Token (KCS) stands out with its low supply of 142 million tokens and strong utility within the KuCoin ecosystem. While more speculative than its counterparts, KCS offers high growth potential for investors willing to take on additional risk.

KuCoin’s user base has grown to 30 million, and despite regulatory challenges, the platform’s expansion could drive substantial value for KCS holders.

Why Exchange Tokens Outperform Traditional Cryptos

Unlike Bitcoin, which lacks inherent utility, exchange tokens derive value from their ecosystems. Their use in reducing trading fees, earning rewards, and accessing exclusive platform features creates steady demand, driving long-term growth.

The integration of exchange tokens into financial infrastructures further supports their potential as blue-chip assets, offering stability in an otherwise volatile market.

Building a Portfolio of Exchange Tokens

Investing in crypto exchange tokens is an effective way to gain exposure to the cryptocurrency market’s growth while mitigating some of its inherent volatility.

Tokens like BNB have already demonstrated their capacity for exponential growth, while emerging tokens like BGB, OKB, and KCS offer fresh opportunities for savvy investors.

As institutional interest in crypto continues to rise, exchange tokens are set to play an increasingly vital role in the ecosystem, making them a cornerstone of any long-term investment strategy.

Crypto exchange tokens are carving their niche as future blue-chip assets. For investors seeking a balanced approach to the volatile crypto market, these tokens provide a blend of functionality, scarcity, and growth potential unmatched by many traditional cryptocurrencies.

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Bitcoin (BTC-USD) surged back to $98,000, nearing its record high, following the announcement that Securities and Exchange Commission (SEC) Chair Gary Gensler will step down on January 20. This key development coincides with heightened optimism about potential pro-crypto policies under the incoming U.S. administration, creating a bullish environment for digital assets.

The cryptocurrency peaked at $98,300 in early trading before retracing slightly. Investors remain upbeat about potential regulatory changes that could benefit the crypto sector, with market sentiment further bolstered by the prospect of a more crypto-friendly SEC under new leadership.

Pro-Crypto Policies Drive Bitcoin Surge

Bitcoin has soared over 40% since the U.S. presidential election on November 5, as investors anticipate a wave of crypto-positive policies under President-elect Donald Trump. These include discussions around establishing a bitcoin national stockpile and replacing SEC leadership to foster a more supportive regulatory framework for digital assets.

Reports from transition insiders suggest a focus on creating the first-ever federal crypto policy role, sparking optimism across the cryptocurrency market. This momentum has catapulted Bitcoin closer to the much-anticipated $100,000 milestone.

Industry Leaders See Bright Future for Bitcoin

Mike Novogratz, CEO of Galaxy Digital (TSX:GLXY), expressed confidence in the incoming administration’s approach to digital assets. Speaking to Yahoo Finance, Novogratz emphasized the stark contrast between the Trump administration’s pro-crypto stance and the outgoing regulatory environment.

“All the guys around the table believe in the digital asset world, in blockchain, and bitcoin. This administration’s energy is going to be so different from the Gary Gensler era,” Novogratz stated.

Galaxy Digital’s positive outlook reflects broader market sentiment, as institutional players position themselves for potential regulatory changes that could unlock further growth in the cryptocurrency space.

Crypto Adoption Gains Momentum

The rising interest in Bitcoin has coincided with significant developments in the broader crypto ecosystem. A Financial Times report revealed that Trump Media & Technology Group is in advanced talks to acquire Bakkt (NYSE:BKKT), a crypto trading platform. This acquisition could signal a larger push for integrating cryptocurrency into mainstream finance and technology.

In addition, spot bitcoin ETFs have experienced record inflows. BlackRock’s (NASDAQ:BLK) iShares Bitcoin Trust (IBIT) saw assets rise by $13 billion following Trump’s presidential win, pushing its total assets past $40 billion less than a year after launch.

The rapid adoption of bitcoin-linked financial products is drawing increased trading activity, with options tied to IBIT beginning to trade on the Nasdaq this week.

Market Outlook for Bitcoin

The combination of regulatory optimism, institutional adoption, and increasing inflows into bitcoin-linked ETFs has created a strong bullish narrative for Bitcoin. As investors eye the $100,000 milestone, attention remains focused on how the incoming administration’s policies will shape the crypto market’s trajectory.

While risks remain, particularly around potential global regulatory crackdowns or macroeconomic headwinds, the current environment positions Bitcoin as a key player in the future of finance.

Bitcoin’s recent surge underscores the growing confidence in its role as a hedge against inflation and a critical component of modern investment portfolios.

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The teams are working together to establish an internet built on the principles of user control, digital sovereignty, and community-driven governance.

NEW YORK, Nov. 20, 2024 /PRNewswire/ — Today, Project Liberty, an organization helping people to take back control of their digital lives by reclaiming a voice, choice, and stake in a better internet; Consensys, the leading blockchain and Web3 software company; and the Frequency Network Foundation, an organization dedicated to development, support, and growth of the Frequency blockchain and ecosystem, announced a partnership to develop infrastructure for a more people-centered internet.

Through this alliance, these three organizations will collaborate on multiple technical integrations with the goal of expanding interoperability and scalability. Aligned in their mission to offer an upgraded internet, the collaboration intends to return agency to individuals, prevent their data from being parceled off, tracked, and sold; and enable individuals to take back control of their online sovereignty from Big Tech.

This collaboration will facilitate Frequency’s expansion into the Ethereum ecosystem and EVM compatibility making use of Consensys’ technology. Specifically, joint development teams are investigating leveraging the technology stack of Linea, the zkEVM Layer 2 network empowering the world to live onchain. Dedicated teams are also exploring “EVM based” Frequency integration with MetaMask, the self-custodial digital wallet and Web3 gateway developed by Consensys, to bring a broader range of social capabilities to the wider Web3 community. Anchored by Project Liberty’s dedication to digital democracy, the collaboration aims to initiate a new era for the digital world: one rooted in freedom, privacy, and community. It’s a revolutionary vision that shifts the power dynamics of the internet as we know it.

At the heart of this initiative is the Decentralized Social Networking Protocol (DSNP), an open data standard that allows for secure, user-centered data interoperability. Frequency is a DSNP-compliant blockchain that makes it possible for users to carry their digital identities and data across platforms, without surrendering control to one specific platform. In a Frequency-powered world, individuals are not bound to a single platform but can navigate the web freely and securely, maintaining complete autonomy over their online personas across multiple platforms.

A Vision for Digital Democracy

For Project Liberty, this partnership is more than a technological shift; it’s part of a broader digital renaissance. Project Liberty was born from a belief that the internet should serve as a public good, a place where people can express themselves freely, connect without fear, and exercise autonomy over their personal data. Through this alliance with Project Liberty, Consensys and the Frequency Network Foundation, that vision is coming to life.

“We’re at a tipping point for the future of the internet,” said Frank McCourt, Founder of Project Liberty. “With Consensys and the Frequency Network Foundation, we’re building an internet that empowers people. This is evidence that we are no longer allowing a handful of companies to continue exploiting and controlling our digital lives, instead we are providing a solution that gives people back their agency and a true stake in the digital ecosystem.”

“Our social graphs in the Web3 era will be a profound extension and expression of our identities, interests, and ultimately our reputations,” said Joe Lubin, co-founder of Ethereum and CEO and Founder of Consensys. “The Web3 generation of social networking will put the user at the center, giving them full control and ownership of the core elements of their life. We are excited to collaborate with Project Liberty and the Frequency Network Foundation to drive this vision”.

Additionally, by collaborating with Consensys to expand into the Ethereum ecosystem, Project Liberty and the Frequency Network Foundation aim to bring the benefits of data ownership and transparent digital governance to a growing number of online citizens who want to reclaim a voice, choice, and stake in a better internet.

About Project Liberty
Project Liberty is leading the movement to give people back control of their lives in the digital age by ensuring they have a voice, choice, and stake in a better internet. Started in 2019 and publicly launched in 2021 by civic entrepreneur Frank McCourt and supported by a $500-million commitment, Project Liberty includes the work of the Project Liberty Institute—a 501(c)(3) with an international partner network that includes Georgetown University, Stanford University, ETH in Zurich, and other leading academic institutions and civic organizations—and a technological team that is focused on developing the next generation of digital infrastructure. Project Liberty’s activities include the release of the Decentralized Social Networking Protocol (DSNP), which is stewarded by the Institute and available as a public utility to serve as the bedrock of a more equitable web and support a new era of innovation that empowers people over platforms and serves the common good.

About Consensys
Consensys is the leading blockchain and web3 software company. Since 2014, Consensys has been at the forefront of innovation, pioneering technological developments within the web3 ecosystem. Through our product suite, including the MetaMask platform, Infura, Linea, Diligence, and our NFT toolkit Phosphor, we have become the trusted collaborator for users, creators, and developers on their path to build and belong in the world they want to see. Whether building a dapp, an NFT collection, a portfolio, or a better future, the instinct to build is universal. Consensys inspires and champions the builder instinct in everyone by making web3 universally easy to use and develop on. To explore our products and solutions, visit https://consensys.io/.

About Frequency
Frequency is a blockchain that powers the people’s internet through the Decentralized Social Networking Protocol (DSNP). It provides the infrastructure for creating self-sovereign digital identities, public social graphs, and decentralized content sharing, advancing data privacy and user control. Brands, developers, and platforms can use Frequency to integrate scalable, interoperable social features without the need for deep expertise in blockchain. This implementation of DSNP is aligned with Project Liberty’s mission to give people control over their digital lives while fostering innovation in decentralized technology.

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SOURCE Project Liberty

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