The Texas State Securities Board (TSSB) issued a cease-and-desist order against crypto trading and lending platform BlockFi alleging that BlockFi&rsquo;s Interest Account (BIA) product is a security under state rules.
What Happened: According to a report from <a href="https://www.coindesk.com/blockfi-faces-crackdown-by-a-third-us-state-texas" style="color:#0563c1; text-decoration:underline">CoinDesk</a>, if the order takes effect after a hearing in October, then BlockFi wouldn&rsquo;t be able to offer its BIA product without first registering with the TSSB.
&ldquo;The BIAs constitute investment contracts, notes, or evidences of indebtedness regulated as securities as that term is defined by Section 4.A of the Securities Act,&rdquo; stated the TSSB in a <a href="https://www.ssb.texas.gov/sites/default/files/files/news/Blockfi_NOH_final.pdf" style="color:#0563c1; text-decoration:underline">filing</a>.
Users that deposit their cryptocurrency into BlockFi&rsquo;s Interest Account earn over 7% APY with interest accrued daily and paid monthly.
The TSSB estimates that BlockFi has at least 25,000 clients in Texas with $691 million in total assets.
Earlier this month, two other U.S. states &ndash; <a href="https://asc.alabama.gov/news_detail.aspx?ID=15528" style="color:#0563c1; text-decoration:underline">Alabama</a> and <a href="https://www.coindesk.com/nj-regulators-give-blockfi-1-week-before-blocking-new-interest-accounts" style="color:#0563c1; text-decoration:underline">New Jersey</a> &ndash; filed similar notices alleging that BlockFi&rsquo;s crypto interest product was in violation of local securities laws.
BlockFi CEO Zac Prince took to Twitter to assure existing BIA clients that the order would not impact them or any of their investment in other BlockFi products.
<blockquote class="twitter-tweet">We remain firm in our belief that the BlockFi Interest Account is not a security. We are fully operational for all of our existing clients in New Jersey and worldwide, who continue to have access to all products, services, and assets on the BlockFi platform.
&mdash; Zac Prince (@BlockFiZac) <a href="https://twitter.com/BlockFiZac/status/1417921316913664012?ref_src=twsrc%5Etfw">July 21, 2021</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>&ldquo;We will continue to engage with all relevant authorities to protect our clients&rsquo; interests and expand accessibility to innovative financial solutions for all,&rdquo; said Prince.
Price Action: At press time, Bitcoin was trading at $33,509,&nbsp;up by 3.81% in&nbsp;the past 24-hours.
The market-leading digital asset had a trading volume of $19 billion accounting for 45% of the market at the time of writing.
Read also:&nbsp;<a href="https://www.benzinga.com/markets/cryptocurrency/21/07/22126163/polychain-a16z-face-unregistered-security-lawsuit-over-internet-computer-token-sale">Polychain, A16z Face Unregistered Security Lawsuit Over Internet Computer Token Sale</a>

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Texas Regulators Issue Cease-And-Desist Order Against Crypto Lending Platform BlockFi

Dfinity&#39;s highly-anticipated&nbsp;Internet Computer&nbsp;(CRYPTO: ICP) platform found&nbsp;itself amid a major controversy after a class-action lawsuit been filed in California describes it as an unregistered security.
What Happened:&nbsp;The&nbsp;<a href="https://wp.decrypt.co/wp-content/uploads/2021/07/CA_SUP_MTO_21-CIV-03843_Complaint.pdf" target="_blank">complaint</a>&nbsp;was filed on July 15 &ldquo;on behalf of all investors who purchased Internet Computer Project tokens on or after May 10, 2021.&quot;
The filing targets cryptocurrency hedge fund Polychain Capital, venture capital firm Andreessen Horowitz&nbsp;and Dfinity&#39;s founder Dominic Williams as defendants in the lawsuit.
Internet Computer attempts to combine the high-speed data processing power of the internet with the security and trustlessness of blockchain technology by employing a novel consensus system based on queries and calls instead of the more familiar&nbsp;Cardano&#39;s&nbsp;(CRYPTO: ADA) proof-of-stake and&nbsp;Bitcoin&#39;s&nbsp;(CRYPTO: BTC) proof-of-work.&nbsp;
What&#39;s ICP? With its&nbsp;claimed &quot;unprecedented&quot; capabilities, Internet Computer intends to compete not only with the likes of Ethereum (CRYPTO: ETH)&nbsp;but also with the cloud computing industry and most centralized services ranging from social media such as&nbsp;Facebook&nbsp;(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/fb#NASDAQ">FB</a>) to intermediaries such as&nbsp;Uber Technologies Inc.&nbsp;(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/uber#NYSE">UBER</a>).
This new cryptocurrency launched in May and found enough hype by market participants that its network is now worth $4.6 billion &mdash; it is the 21st biggest cryptocurrency.
The Lawsuit: A recent&nbsp;<a href="https://arkhamintelligence.com/icp/report.pdf" target="_blank">report</a>&nbsp;by crypto intelligence firm Arkham Intelligence suggests that Internet Computer&#39;s 90% price crash in its first month is unusual for a project with heavy institutional investment and support.
While a spokesperson for the project dismissed the paper as &quot;ludicrous&quot; in an email sent to an industry news outlet Decrypt, the document purportedly identified $2 billion of ICP being transferred by &ldquo;probable insider addresses&rdquo; to cryptocurrency exchanges at times coinciding with sharp price decreases.
In other words, the document suggests a probable &quot;dumping&quot; by people involved with the project.
Read also:&nbsp;<a href="https://www.benzinga.com/markets/cryptocurrency/21/07/22053593/dogecoin-campaign-leads-to-5m-lawsuit-for-coinbase-over-claims-of-deception">Dogecoin Campaign Leads To $5M Lawsuit For Coinbase Over Claims Of Deception</a>
The lawsuit filed in California alleges that 469,213,710 ICP tokens were &ldquo;created out of thin air&rdquo; and sold in violation of the 1933 Securities Act &mdash; thus suggesting that the tokens were unregistered securities.
According to the complaint, 24% of all the tokens were given to the defendants &mdash; with the biggest shares being directed at Polychain and Andreessen Horowitz.
Both the report and the class action lawsuit suggest that Dfinity has not been transparent about the allocation of its ICP tokens and rigged the system in a way that allowed insiders to profit at the expense of long-time supporters and small investors.

$ADA

$ETH

$ICP

UBER

Polychain, A16z Face Unregistered Security Lawsuit Over Internet Computer Token Sale

Binance, the world&rsquo;s largest crypto exchange by trading volume, has been running into trouble with regulators across the globe.
What Happened:&nbsp;However, the exchange&rsquo;s issues with securities regulators may have benefitted its more compliant competitors, who have reported an influx of new users over the past few weeks.
For instance, Bitstamp, one of the longest-running crypto exchanges, has seen significant growth in the U.K.&nbsp;market, especially after the Financial Conduct Authority&rsquo;s (FCA) notice stating that Binance was not permitted to undertake any regulated activity in the U.K.
Since June 28, Bitstmap has more than doubled its number of users from the U.K.
It also reported an increase in Bitcoin (CRYPTO: BTC) inflows from their retail clients over the same period.
Julian Sawyer, the global chief executive officer of Bitstamp, puts this down a belief that &ldquo;all projects must establish a method to comply with regulators in order for the crypto industry to thrive.&rdquo;
Similar sentiments were observed by Cameron and Tyler Winklevoss, founders of the Gemini crypto exchange.
Last week, Cameron Winklevoss said that he expects Gemini to <a href="https://www.benzinga.com/markets/cryptocurrency/21/07/21951730/gemini-coinbase-and-kraken-embrace-regulation-to-challenge-binances-dominance-as-leading-c" style="color:#0563c1; text-decoration:underline">overtake</a> Binance as the leading crypto exchange in the future by playing the long game focused on compliance.
What Else: Meanwhile, Binance U.S., a crypto exchange operating independently of its parent company Binance, is looking into the IPO route to going public.
Speaking at the <a href="https://twitter.com/SCB10X_OFFICIAL/status/1418467388127735808" style="color:#0563c1; text-decoration:underline">Redefine Tomorrow 2021 Summit</a>, Binance&rsquo;s CEO, Changpeng Zhao, addressed the increased regulatory pressure the exchange is facing across various geographies.
Read also:&nbsp;<a href="https://www.benzinga.com/markets/cryptocurrency/21/07/21951730/gemini-coinbase-and-kraken-embrace-regulation-to-challenge-binances-dominance-as-leading-c">Gemini, Coinbase And Kraken Embrace Regulation To Challenge Binance&#39;s Dominance As Leading Crypto Exchange</a>
The crypto exchange is reportedly working on putting certain processes in place to ensure an unobstructed path to a public offering in the future.
&ldquo;Binance US is looking at IPO route. Most regulators are familiar with a certain pattern (having HQ, having corporate structure). But we are setting up those structures to make it easier for an IPO to happen,&rdquo; said <a href="https://twitter.com/SCB10X_OFFICIAL/status/1418467388127735808" style="color:#0563c1; text-decoration:underline">Zhao</a>.
Price Action: At press time, Bitcoin was trading at $32,623,&nbsp;gaining 0.71% over the past 24-hours.

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Binance's Competitors Thrive As The Leading Crypto Exchange Faces More Regulatory Scrutiny

<h3>GAINERS:</h3>
<ul>
<li><a href="https://quotes.benzinga.com/quote/CNGGF" target="_blank">Cann Gr</a>&nbsp;(OTC: <a class="ticker" href="https://www.benzinga.com/stock/cnggf#OTC">CNGGF</a>) shares closed up 20.58% at $0.35</li>
<li><a href="https://quotes.benzinga.com/quote/ACNNF" target="_blank">AusCann Group Holdings</a>&nbsp;(OTC: <a class="ticker" href="https://www.benzinga.com/stock/acnnf#OTC">ACNNF</a>) shares closed up 16% at $0.08</li>
<li><a href="https://quotes.benzinga.com/quote/NXGWF" target="_blank">Next Green Wave Holdings</a>&nbsp;(OTC: <a class="ticker" href="https://www.benzinga.com/stock/nxgwf#OTC">NXGWF</a>) shares closed up 13.54% at $0.65</li>
<li><a href="https://quotes.benzinga.com/quote/FLOOF" target="_blank">Flower One Hldgs</a>&nbsp;(OTC: <a class="ticker" href="https://www.benzinga.com/stock/floof#OTC">FLOOF</a>) shares closed up 7.61% at $0.17</li>
<li><a href="https://quotes.benzinga.com/quote/HERTF" target="_blank">Heritage Cannabis Holding</a>&nbsp;(OTC: <a class="ticker" href="https://www.benzinga.com/stock/hertf#OTC">HERTF</a>) shares closed up 6.89% at $0.07</li>
<li><a href="https://quotes.benzinga.com/quote/EAST" target="_blank">Eastside Distilling</a>&nbsp;(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/east#NASDAQ">EAST</a>) shares closed up 6.62% at $4.67</li>
<li><a href="https://quotes.benzinga.com/quote/ICNAF" target="_blank">Icanic Brands</a>&nbsp;(OTC: <a class="ticker" href="https://www.benzinga.com/stock/icnaf#OTC">ICNAF</a>) shares closed up 4.71% at $0.25</li>
<li><a href="https://quotes.benzinga.com/quote/CXXIF" target="_blank">C21 Investments</a>&nbsp;(OTC: <a class="ticker" href="https://www.benzinga.com/stock/cxxif#OTC">CXXIF</a>) shares closed up 3.29% at $0.83</li>
<li><a href="https://quotes.benzinga.com/quote/INLB" target="_blank">Item 9 Labs</a>&nbsp;(OTC: <a class="ticker" href="https://www.benzinga.com/stock/inlb#OTC">INLB</a>) shares closed up 3.21% at $2.89</li>
<li><a href="https://quotes.benzinga.com/quote/MRMD" target="_blank">MariMed</a>&nbsp;(OTC: <a class="ticker" href="https://www.benzinga.com/stock/mrmd#OTC">MRMD</a>) shares closed up 2.92% at $0.94</li>
</ul>
<h3>LOSERS:</h3>
<ul>
<li><a href="https://quotes.benzinga.com/quote/IVITF" target="_blank">Invictus MD Strategies</a>&nbsp;(OTC: <a class="ticker" href="https://www.benzinga.com/stock/ivitf#OTC">IVITF</a>) shares closed down 12.2% at $0.04</li>
<li><a href="https://quotes.benzinga.com/quote/MGCLF" target="_blank">MGC Pharmaceuticals</a>&nbsp;(OTC: <a class="ticker" href="https://www.benzinga.com/stock/mgclf#OTC">MGCLF</a>) shares closed down 7.76% at $0.03</li>
<li><a href="https://quotes.benzinga.com/quote/MMNFF" target="_blank">MedMen Enterprises</a>&nbsp;(OTC: <a class="ticker" href="https://www.benzinga.com/stock/mmnff#OTC">MMNFF</a>) shares closed down 7.43% at $0.22</li>
<li><a href="https://quotes.benzinga.com/quote/SOL" target="_blank">ReneSola</a>&nbsp;(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/sol#NYSE">SOL</a>) shares closed down 5.41% at $6.99</li>
<li><a href="https://quotes.benzinga.com/quote/CARA" target="_blank">Cara Therapeutics</a>&nbsp;(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/cara#NASDAQ">CARA</a>) shares closed down 5.31% at $11.94</li>
<li><a href="https://quotes.benzinga.com/quote/GHG" target="_blank">GreenTree Hospitality Gr</a>&nbsp;(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ghg#NYSE">GHG</a>) shares closed down 4.6% at $10.16</li>
<li><a href="https://quotes.benzinga.com/quote/MBII" target="_blank">Marrone Bio Innovations</a>&nbsp;(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/mbii#NASDAQ">MBII</a>) shares closed down 4.11% at $1.40</li>
<li><a href="https://quotes.benzinga.com/quote/CRBP" target="_blank">Corbus Pharmaceuticals</a>&nbsp;(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/crbp#NASDAQ">CRBP</a>) shares closed down 3.42% at $1.41</li>
<li><a href="https://quotes.benzinga.com/quote/SNDL" target="_blank">Sundial Growers</a>&nbsp;(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/sndl#NASDAQ">SNDL</a>) shares closed down 3.39% at $0.80</li>
<li><a href="https://quotes.benzinga.com/quote/CURLF" target="_blank">Curaleaf Holdings</a>&nbsp;(OTC: <a class="ticker" href="https://www.benzinga.com/stock/curlf#OTC">CURLF</a>) shares closed down 3.26% at $12.75</li>
<li><a href="https://quotes.benzinga.com/quote/YCBD" target="_blank">cbdMd. Inc.</a>&nbsp;(AMEX:YCBD) shares closed down 2.58% at $3.01</li>
<li><a href="https://quotes.benzinga.com/quote/NEPT" target="_blank">Neptune Wellness Solns</a>&nbsp;(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/nept#NASDAQ">NEPT</a>) shares closed down 2.97% at $0.79</li>
<li><a href="https://quotes.benzinga.com/quote/ZYNE" target="_blank">Zynerba Pharmaceuticals</a>&nbsp;(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/zyne#NASDAQ">ZYNE</a>) shares closed down 2.8% at $4.51</li>
<li><a href="https://quotes.benzinga.com/quote/TLRY" target="_blank">Tilray</a>&nbsp;(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/tlry#NASDAQ">TLRY</a>) shares closed down 2.09% at $13.59</li>
<li><a href="https://quotes.benzinga.com/quote/GTBIF" target="_blank">Green Thumb Industries</a>&nbsp;(OTC: <a class="ticker" href="https://www.benzinga.com/stock/gtbif#OTC">GTBIF</a>) shares closed down 2.08% at $30.55</li>
</ul>
<a href="https://www.benzinga.com/cannabis/stocks/">Check out a full list of cannabis stock movers in real-time following this link.</a>
Lead image by Ilona Szentivanyi. Copyright: Benzinga.

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AusCann, Flower One, Item 9 Labs & MariMed Among Top Cannabis Stock Movers On July 23, 2021

What Happened: American rapper Busta Rhymes told his Twitter followers that he was now sold on Bitcoin (CRYPTO: BTC).
<blockquote class="twitter-tweet">After watching the <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw">#Bitcoin</a> conference live with <a href="https://twitter.com/jack?ref_src=twsrc%5Etfw">@jack</a> <a href="https://twitter.com/elonmusk?ref_src=twsrc%5Etfw">@elonmusk</a> <a href="https://twitter.com/CathieDWood?ref_src=twsrc%5Etfw">@CathieDWood</a> i&rsquo;m sold on Bitcoin.
officially holding Bitcoin.
Looking into eth next.
&mdash; Busta Rhymes (@BustaRhymes) <a href="https://twitter.com/BustaRhymes/status/1418210681812242442?ref_src=twsrc%5Etfw">July 22, 2021</a></blockquote>
The rapper said that he was now officially holding Bitcoin and was looking into Ethereum (CRYPTO: ETH) next, after being inspired by a discussion between Elon Musk, Cathie Wood,&nbsp;and Jack Dorsey at the <a href="https://www.benzinga.com/markets/cryptocurrency/21/07/22091012/elon-musk-owns-bitcoin-some-ethereum-and-some-doge-main-takeaways-from-the-b-conference" style="color:#0563c1; text-decoration:underline">B Word conference</a>.
&ldquo;When you have brilliant minds coming together through an unfiltered source. I like that. Speaks directly to me. They all are using it and more importantly holding it,&rdquo; he <a href="https://twitter.com/BustaRhymes/status/1418214406798802955" style="color:#0563c1; text-decoration:underline">added</a>.
Busta Rhymes was especially convinced by a statement from Elon Musk explaining why governments are no worse than corporations.
<blockquote class="twitter-tweet">MY BIGGEST TAKEAWAY WAS THIS&hellip;.. 
The way <a href="https://twitter.com/elonmusk?ref_src=twsrc%5Etfw">@elonmusk</a> phrased this statement has got me seriously thinking&hellip; especially what&rsquo;s been happening around the world recently.
Government and it&rsquo;s monopoly on Violence&hellip; damnnn <a href="https://t.co/RsX0oSIeLJ">pic.twitter.com/RsX0oSIeLJ</a>
&mdash; Busta Rhymes (@BustaRhymes) <a href="https://twitter.com/BustaRhymes/status/1418228840476839941?ref_src=twsrc%5Etfw">July 22, 2021</a></blockquote>
&quot;Government is just a corporation in the limit. Sometimes some people are like against corporations but [in favor of] government. It&#39;s like: Guys, the government is just a corporation in the limit. It&#39;s the biggest corporation of all, and it&#39;s got a monopoly on violence. So, if you don&#39;t like corporations, you should really hate government,&quot; said the Tesla Inc (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/tsla#NASDAQ">TSLA</a>) CEO.
Musk was explaining the context in which he believes Bitcoin can have an empowering effect for individuals and increase the power of individuals relative to government.
He also revealed that Bitcoin made up the majority of his crypto holdings, followed by Ethereum and Dogecoin (CRYPTO: DOGE).
Price Action: At press time, Bitcoin was trading at $32,469, gaining 0.92% over the past 24-hours.
Ethereum was up 1.23%,&nbsp;trading at a price of $2,044,&nbsp;while Dogecoin was down&nbsp;by 1.34%, trading at $0.1879.
Photo:&nbsp;Mikamote via Wikipedia
Read Next:&nbsp;<a href="https://www.benzinga.com/markets/cryptocurrency/21/07/22091012/elon-musk-owns-bitcoin-some-ethereum-and-some-doge-main-takeaways-from-the-b-conference">Elon Musk Owns Bitcoin, &#39;Some Ethereum And Some Doge:&#39; Main Takeaways From The B Conference</a>

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Busta Rhymes Is 'Officially Holding Bitcoin' Thanks To Elon Musk, Jack Dorsey And Cathie Wood

The similarities and differences between cannabis and crypto have been well-documented in recent years.
The nascency of both spaces and their uncertain regulatory frameworks create ample amounts of volatility with room for windfalls and lost shirts.
With soaring highs and crushing lows, both sectors have provided investors with opportunities to score big on short-term success. At the same time, they risk losing significantly over everything from lawmaker comments to tweets from market leaders like <a href="https://www.benzinga.com/markets/cryptocurrency/21/07/22033379/elon-musk-throws-dogecoin-community-into-a-frenzy-with-new-twitter-profile-photo">Elon Musk</a>.
There are also illegal ventures on both sides of the market. For a select few, they&#39;re alleged to have been engaged in illicit activities in both cases.
Regardless of how someone operates in the sectors, it&#39;s clear that people see opportunity in cannabis and crypto.
Scores of investors view cannabis and crypto as long-term plays, but there are those looking for that quick gain. Despite other coins joining the fray and adding to the volatility, <a href="https://www.benzinga.com/markets/cryptocurrency/21/07/22036448/if-you-had-5-000-would-you-put-it-on-dogecoin-or-baby-doge-coin-right-now">Dogecoin</a> has remained a darling in the media and to select investors.
With the similarities in place, does cannabis have its own Dogecoin capable of short-term success and possible long-term gains? Is there a crypto option an investor may want to look at in the cannabis space?
At the current time, all signs point to no.
<h2>Cannabis Coins Fall Flat So Far</h2>
Several cannabis-based crypto coins have hit the market, with a miniature rush coming in 2014, backed by options like PotCoin (CRYPTO: $POT), CannabisCoin (CRYPTO: $CANN), DopeCoin (CRYPTO: $DOPE) and HempCoin (CRYPTO: $THC). However, <a href="https://www.benzinga.com/markets/cannabis/21/06/21613736/why-cannabis-specific-cryptos-will-not-take-on-mainstream-but-crypto-in-cannabis-might">nothing has come close to making much of an impact</a> close to Dogecoin or any other prominent options.
Each coin has attempted to make cannabis purchases easier, be it facilitating customer sales or between retailers and cultivators. So far, none have made much of an impact, with PotCoin having the highest value of the four, trading at $.0119 as of July 23, 2021, at 12:55 pm EST.
Julian Morris, principal financial planning firm Concierge Wealth Management, said Potcoin represented the closest comparison to Dogecoin as a meme option. He added that it would need a significant boost to gain similar traction in any leading cryptos.
&quot;It would take a major influencer for people to want to invest in any of these coins,&quot; Morris said, adding that while he has a small exposure to crypto, he &quot;would never consider any of these coins.&quot;
Harrison Jordan,&nbsp;a Toronto-based cannabis lawyer, consultant and CEO of NFT marketplace HUP.LIFE,&nbsp;noted that most of the coins from the 2014 rush have largely faded away.
Jordan said&nbsp;one possible factor could offer a significant boost to the market. &quot;If there&#39;s any catalyst to bring the industry together, it might be the upcoming federal decriminalization bill being introduced in the U.S.&quot;&nbsp;
<h2>Similar Enthusiasm But Cannabis Has The Assets</h2>
While similar in enthusiasm, concerns over viable assets continue to make some investors and analysts uncertain about crypto.
Jack Weinstein, consulting chief financial officer for Northstar Financial Consulting Group, believes that both crypto and cannabis display high levels of investor enthusiasm. However, Weinstein, who spent three years in cannabis with Redbird Bioscience before joining Northstar last year, said he favors cannabis and its assets over what he called &quot;essentially an unsecured security.&quot;
Weinstein added that besides some possible underlying tech, crypto lacks the value presented by sectors like cannabis. &quot;An investor in something like Dogecoin, for example, is purely making a speculative play,&quot; he said.&nbsp;&quot;At least cannabis companies truly have assets and operations.&quot;
Despite the concern in crypto assets, the firm believes blockchain could provide immense value to cannabis. Northstar CEO Lorenzo Nourafchan thinks that blockchain could add efficiencies to seed-to-sale tracking that offers more insights and clarity than current options.
Nourafchan said a cannabis coin might excel if it could create a digital payment system that worked across the industry rather than a company or state. He added that such a coin would need to provide &quot;fundamental value&quot; through digital banking and that no current option offers such value.
&nbsp;
Photo: Wiki Commons/<a href="https://commons.wikimedia.org/wiki/File:Dogecoin_gold_coin_on_wood_2_-_heads.jpg">Cyril Ernst</a>

Interview

Cannabis Crypto Has Fallen Flat So Far, But Similarities Between The Sectors Remain

Excitement around psychedelics grows as major U.S. exchanges make room for more companies in the sector.
On Friday, Field Trip Health Ltd. (TSX: FTRP) (OTCQX: <a class="ticker" href="https://www.benzinga.com/stock/ftrpf#OTCQX">FTRPF</a>), a company developing a network of psychedelics-assisted therapy clinics, announced conditional approval from the Nasdaq to list its stock on the exchange.
In early June, the company uplisted its Canadian stock from the Canadian Securities Exchange to the Toronto Stock Exchange. After the Nasdaq uplisting goes through, shares listed in Canada will remain on the TSX, while shares currently listed on the OTC market will be uplisted into the Nasdaq.
Final approval is still subject to the company fulfilling remaining conditions and regulatory requirements. An uplisting date has not yet been confirmed.
Field Trip Health CEO Joseph del Moral said that the anticipated listing of Field Trip stock on the Nasdaq is a key milestone in the company&rsquo;s evolution as a publicly traded entity.
&ldquo;We believe this anticipated listing will improve liquidity by enabling more investors to participate in our growth, and ultimately enhance long-term shareholder value. This is a critical time for us to increase our visibility in the marketplace, as we continue our work building a world-class and disruptive company at the forefront of the psychedelics industry,&rdquo; de Moral added.
A number of companies in the psychedelics space have listed on the Nasdaq this year, including Compass Pathways (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/cmps#NASDAQ">CMPS</a>), MindMed (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/mnmd#NASDAQ">MNMD</a>), Atai Life Sciences (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/atai#NASDAQ">ATAI</a>) and GH Research (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ghrs#NASDAQ">GHRS</a>). Other companies in the exchange have begun or announced&nbsp;work with psychedelic molecules, such as Seelos Therapeutics (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/seel#NASDAQ">SEEL</a>) and Enveric Biosciences (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/envb#NASDAQ">ENVB</a>).
On Thursday, Cybin Inc. (NEO: CYBN) (OTCQB: <a class="ticker" href="https://www.benzinga.com/stock/clxpf#OTCQB">CLXPF</a>), <a href="https://www.benzinga.com/markets/cannabis/21/07/22110833/cybin-lands-conditional-approval-to-become-the-first-psychedelics-company-on-the-nyse">announced a similar conditional approval</a> to uplist to the NYSE.
Mujeeb Jafferi, Field Trip&rsquo;s COO said &ldquo;psychedelics are experiencing a once-in-a-lifetime renaissance, as evidenced by the increasing support the industry is garnering from scientists, regulators and investors alike.&rdquo;
Aside from its psychedelics clinics, the company is heading a drug development program with a proprietary second-generation psychedelic molecule called FT-104. Research is currently at preclinical stages. FT-104 is believed to have psychedelic capabilities with a shorter duration of effect than that of&nbsp;natural analog psilocybin.
Image by Tumisu on Pixabay.

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Field Trip Health Heads To The Nasdaq As Wall Street Opens Up To 'Psychedelics Renaissance'

The South Korean subsidiary of the fast-food chain Kentucky Fried Chicken (KFC),&nbsp;owned by&nbsp;PepsiCo Inc.&nbsp;(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/pep#NASDAQ">PEP</a>), plans to launch its own non fungible tokens (NFTs) through a new partnership.
What Happened:&nbsp;According to a Friday&nbsp;<a href="https://www.enewstoday.co.kr/news/articleView.html?idxno=1498637" target="_blank">report</a>&nbsp;by local news outlet ENewsToday, KFC Korea signed a memorandum of understanding with NFT marketplace TriumphX.
The aim of the collaboration is to leverage NFTs to enhance brand engagement.
KFC Korea plans to issue NFTs featuring video, art, graphics, and digital collectibles to its customers.&nbsp;
According to a 2019 South China Morning Post<a href="https://www.scmp.com/lifestyle/food-drink/article/3040904/how-korean-fried-chicken-other-kfc-became-huge-hit-south-korea" target="_blank">&nbsp;report</a>, there were more fried chicken restaurants in South Korea than McDonald&rsquo;s and Subway restaurants in the whole world.
What Else: NFTs are a digital assets that cannot be divided into smaller parts and unique, meaning that no two are alike,&nbsp;&mdash; both those features set them apart from cryptocurrencies such as&nbsp;Bitcoin&nbsp;(CRYPTO: BTC) and&nbsp;Ether&nbsp;(CRYPTO: ETH).
Those features make them a good way to digitize collectibles and real-world goods: it has to be indivisible since you cannot split your favorite baseball trading card without destroying it, and it has to be unique in order to represent a unique object.
Read also: <a href="https://www.benzinga.com/money/how-to-make-your-own-nft/">How to mint your own NFTs</a>

Restaurants

KFC Korea To Launch NFTs Through New Partnership

Despite a recent sector sell-off in oil and gas, a Morgan Stanley analyst cites a &quot;consistent execution on spending&quot; and strong excess cash flow usage &quot;towards capital returns and debt reduction&quot; as reasons to remain favorable.
Oil &amp; Gas Industry Overview: Devin McDermott holds&nbsp;an attractive view on both the exploration and production&nbsp;and integrated oil industries.
The E&amp;P industry delivered its highest quarterly free cash flow in over a decade last quarter; however, shares in the group have dropped 12% since the start of July, said the analyst in a Monday note.
The sector has also lagged behind oil commodity prices by around 25% since 2020, indicating a potential for further upside past 50% growth year-to-date, he said.&nbsp;
Going into the second-quarter earnings season, investors should keep an eye out for cost inflation, discipline in capital usage, strategic moves, and shareholder return maximization across the oil and gas industry, said the Morgan Stanley analyst.
In anticipation of second-quarter earnings, McDermott provided his take on the industry and offered five picks: Apache Corp. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/apa#NASDAQ">APA</a>); ConocoPhillips (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/cop#NYSE">COP</a>); Chevron Corp. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/cvx#NYSE">CVX</a>); EOG Resources, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/eog#NYSE">EOG</a>); and&nbsp;Occidental Petroleum Corp. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/oxy#NYSE">OXY</a>).
The Apache Takeaways: Recent input cost inflation has not materialized on the company&#39;s bottom line, primarily due to Apache&#39;s global rig diversification, said McDermott.
Apache recently announced four new oil discoveries off the coast of Suriname, and its JV partner TotalEnergies SE (OTC: <a class="ticker" href="https://www.benzinga.com/stock/ttfnf#OTC">TTFNF</a>) began drilling in two additional sites in the first quarter, said the analyst. Appraisal results on those sites have yet to be announced, though McDermott expects Apache to provide an update in its second-quarter call, causing him to raise his EBITDA and cash flow per share&nbsp;estimates 18% and 12% above consensus, respectively.&nbsp;
McDermott remains Overweight on Apache, with a price target held at $33. The company is expected to report earnings after market close on August 2nd.
The ConocoPhillips Takeaways: As with global E&amp;P peer Apache, regional diversification has prevented input cost inflation from affecting ConocoPhillips&#39; bottom line, said the analyst.
The company has decreased its 2021 spending by around 4% due to improved synergies, indicating discipline in its use of cash, said McDermott.
With this in mind, ConocoPhillips is set to lead the E&amp;P industry in terms of FCF generation potential and return on cash, further supported by a strong management team and its high-quality, low-cost portfolio, he said.&nbsp;
ConocoPhillips stock offers &quot;quality on sale,&quot; said McDermott. The analyst expects second-quarter CPFS and EPS to come in 8% and 14% above consensus, respectively.
McDermott remains Overweight on ConocoPhillips with a price target held at $85. The company is expected to report earnings before market open Aug. 3.&nbsp;
The Chevron Takeaways: Chevron previously outlined four financial priorities, McDermott said: sustain and grow its dividend; fund its capital program; maintain a strong balance sheet; and return surplus cash to shareholders.
Now that Chevron has met its first three goals, there is potential for a modest share buyback, the analyst said.&nbsp;
McDermott remains Overweight on Chevron, with a price target held at $149. The company is expected to report earnings ahead of market open on July 30.
The EOG Takeaways: Recent spending discipline and strong commodity pricing should continue to support a strong balance sheet and higher capital returns, said McDermott.
Management has indicated capital allocation towards acquisitions which could further bolster FCF. Strong second-quarter FCF presents the potential for another dividend increase, following the first quarter&#39;s $600-million dividend, said the analyst. Considering the company&#39;s divestiture from China, this dividend could range from $600-$700 million, said the analyst.
It is important to note that the China asset sales position the company with a greater exposure concentration to North America, potentially allowing cost inflation to affect the company in the future, warned the analyst.
McDermott remains Equal Weight on EOG with a price target held at $93. The company is expected to report earnings following market close Aug. 4.&nbsp;
The Occidental Takeaways: Occidental is targeting $2 billion in asset sales for 2021, a move in line with the broader E&amp;P industry, said McDermott. The company has completed $1.3 billion in sales, and has lined up offers to carry out the remainder, helping the company to meet its debt reduction target, said the analyst.
Longer-term, Occidental aims to focus on carbon capture and sequestering, said McDermott.
The company&#39;s Low Carbon Ventures (OCLV) unit is &quot;developing multiple, potentially transformative, solutions to decarbonize,&quot; according to the analyst note. OLVC has secured multiple deals, including creating &quot;the world&#39;s largest direct air capture facility&quot; and a sequestration deal in Texas, said the analyst.
This business line should benefit the company over the next couple of decades as the world aims to reduce carbon emissions.
McDermott remains Overweight on Occidental, with a price target held at $40. The company is expected to report earnings after market close Aug. 3.&nbsp;

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Morgan Stanley's Top Oil & Gas Plays Ahead Of Q2 Earnings

Midwest-based Rush Street Interactive, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RSI#NYSE">RSI</a>) (&quot;RSI&quot;), received authorization from the Michigan Gaming Control Board on the first day when the product was approved to launch online live dealer games in the state (July 22) on its award-winning site&nbsp;<a href="https://c212.net/c/link/?t=0&amp;l=en&amp;o=3238110-1&amp;h=3276533243&amp;u=http%3A%2F%2Fwww.betrivers.com%2F&amp;a=BetRivers.com" target="_blank">BetRivers.com</a>.
Gaming enthusiasts in&nbsp;Michigan&nbsp;are now able to play an exciting array of online table games right from their mobile devices and computers on RSI&#39;s innovative, easy-to-use platform at&nbsp;<a href="https://c212.net/c/link/?t=0&amp;l=en&amp;o=3238110-1&amp;h=3276533243&amp;u=http%3A%2F%2Fwww.betrivers.com%2F&amp;a=BetRivers.com" target="_blank">BetRivers.com</a>.
Powered by Evolution Gaming, the global leader in the live dealer table games category, live dealer casino offers&nbsp;<a href="https://c212.net/c/link/?t=0&amp;l=en&amp;o=3238110-1&amp;h=3276533243&amp;u=http%3A%2F%2Fwww.betrivers.com%2F&amp;a=BetRivers.com" target="_blank">BetRivers.com</a>&nbsp;players an exciting mix of live tables including high and low stakes Blackjack games (with side bets such as 21 +3, any pair, hot 3 and bust-o-rama), Roulette and Baccarat.
Live dealer games combine the convenience and ease of online gambling on a player&#39;s desktop, tablet and smartphone, with the trustworthy and social aspect of being at real tables with real dealers in real time.
&quot;Many online players prefer and trust live dealer options because they can watch the action as it happens,&quot; said&nbsp;Richard Schwartz, president of RSI. &quot;A live dealer game is as close as you can get online to playing in a land-based casino and we&#39;re thrilled to be among the first to offer&nbsp;Michigan&nbsp;residents the opportunity to sit and play on Evolution&#39;s world renowned virtual live dealer casino tables.&quot;
The games are run live and payouts are calculated in real time so players online or on their mobile devices will feel as if they are sitting in a real casino while actually in the comfort of their home or anywhere in the state.
RSI has already established a popular online presence in&nbsp;Michigan&nbsp;through its partnership with Little River Casino Resort (&quot;LRCR&quot;) in&nbsp;Manistee.

BetRivers.com Launches Evolution Gaming's Online Live Dealer Casino Games In Michigan

<h3>Gainers</h3>
<ul>
<li>NanoVibronix (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NAOV#NASDAQ">NAOV</a>) shares rose 21.45% to $3.17 during Friday's after-market session. This security traded at a volume of 14.6 million shares come close, making up 2935.89% of its average volume over the last 100 days. The market value of their outstanding shares is at $76.4 million. </li>
<li>NRX Pharmaceuticals (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NRXP#NASDAQ">NRXP</a>) shares rose 9.89% to $27.22. At the close, NRX Pharmaceuticals's trading volume reached 2.0 million shares. This is 60.88% of its average volume over the last 100 days. The market value of their outstanding shares is at $1.3 billion. </li>
<li>Star Equity Hldgs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/STRR#NASDAQ">STRR</a>) shares rose 6.68% to $4.15. Today's trading volume for this security ended up closing at 1.0 million shares, which is 276.59 percent of its average volume over the last 100 days. The company's market cap stands at $20.8 million. </li>
<li>BiondVax Pharmaceuticals (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BVXV#NASDAQ">BVXV</a>) stock rose 6.64% to $3.05. The market value of their outstanding shares is at $43.7 million. </li>
<li>Brickell Biotech (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BBI#NASDAQ">BBI</a>) shares moved upwards by 4.05% to $0.67. The company's market cap stands at $45.0 million. </li>
<li>Tiziana Life Sciences (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TLSA#NASDAQ">TLSA</a>) shares rose 3.38% to $2.14. The company's market cap stands at $208.2 million. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>XTL Biopharmaceuticals (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/XTLB#NASDAQ">XTLB</a>) stock decreased by 5.4% to $4.21 during Friday's after-market session. The company's market cap stands at $22.2 million. </li>
<li>TransCode Therapeutics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RNAZ#NASDAQ">RNAZ</a>) shares declined by 5.02% to $3.22. The market value of their outstanding shares is at $38.5 million. </li>
<li>Odonate Therapeutics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ODT#NASDAQ">ODT</a>) stock declined by 4.95% to $3.65. The market value of their outstanding shares is at $140.5 million. </li>
<li>Second Sight Medical (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EYES#NASDAQ">EYES</a>) shares declined by 4.36% to $3.95. The market value of their outstanding shares is at $155.6 million. </li>
<li>Acorda Therapeutics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ACOR#NASDAQ">ACOR</a>) stock decreased by 2.75% to $4.6. This security traded at a volume of 107.9K shares come close, making up 43.62% of its average volume over the last 100 days. The company's market cap stands at $51.1 million. </li>
<li>OraSure Technologies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OSUR#NASDAQ">OSUR</a>) stock declined by 2.31% to $11.02. Trading volume for this security closed at 222.2K, accounting for 24.07% of its average full-day volume over the last 100 days. The company's market cap stands at $792.9 million. </li>
</ul>

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12 Health Care Stocks Moving In Friday's After-Market Session

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Tonix Pharmaceuticals Shares Set To Resume Trading At 5:10 p.m. EDT; Shares Were Halted Earlier On Code News Pending

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The Week In Cannabis: Amazon Lobbies In DC, Colombia's New Law, Big IPOs And More

Tonix Pharmaceuticals Holding Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TNXP#NASDAQ">TNXP</a>) (Tonix or the Company), a clinical-stage biopharmaceutical company, announced today that the Company has decided to stop enrollment in the Phase 3 RALLY study of TNX-102 SL (cyclobenzaprine HCl sublingual tablets) 5.6 mg for the management of fibromyalgia following an unblinded, pre-planned interim analysis by the Independent Data Monitoring Committee (IDMC) of the RALLY study. Based on interim analysis results of the first&nbsp;50%&nbsp;(n=337) enrolled participants, the IDMC recommended stopping the trial for futility as TNX-102 SL is unlikely to demonstrate a statistically significant improvement in the primary endpoint of overall change from baseline in daily diary pain severity scores between those treated with TNX-102 SL 5.6 mg (2x 2.8 mg tablets) and those receiving placebo. Tonix remains blinded to the detailed interim analysis results and only received the recommendation made by the IDMC. Preliminary blinded safety data from these participants did not reveal any new safety signals, and the decision to discontinue enrolling new participants is not related to safety. The Company intends to continue studying those participants currently enrolled until completion and then proceed with a full analysis of the unblinded data, with the topline results expected to be reported in the&nbsp;fourth quarter&nbsp;of 2021, to determine the next steps in this program.
&quot;We are surprised and disappointed that the interim analysis did not support continued enrollment in this Phase 3 RALLY study, especially considering the previous Phase 3 RELIEF study, which had a similar design and achieved statistical significance on the primary endpoint. After the currently enrolled participants complete the study, we will proceed with a full analysis of the unblinded data from the study to determine the next steps in this program,&quot; commented Seth Lederman, M.D., President and Chief Executive Officer. &quot;These results underscore the difficulty in managing and treating fibromyalgia. We thank the patients, caregivers and investigators who participated in the RALLY study.&quot;

Tonix Pharmaceuticals Highlights Interim Analysis Of Phase 3 RALLY Study Of TNX-102 SL For The Management Of Fibromyalgia

Hepion Pharmaceuticals, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HEPA#NASDAQ">HEPA</a>), a clinical stage biopharmaceutical company focused on the development of therapeutic drugs for the treatment of liver disease arising from non-alcoholic steatohepatitis (&quot;NASH&quot;), today announced the postponement of its adjourned 2021 Annual Meeting of Stockholders (the &quot;Annual Meeting&quot;) that was to be held on&nbsp;July 23, 2021, at&nbsp;9:00 a.m. Eastern Time due to a lack of a quorum. The meeting will be rescheduled for a date yet to be determined by the Board of Directors. The Board of Directors will establish a new record date for the Annual Meeting and, based on this record date, the Company will deliver a notice of the new Annual Meeting date to stockholders entitled to receive notice of the Annual Meeting.

HEPA

Hepion Pharmaceuticals Announces Postponement of 2021 Annual Meeting Of Stockholders; No Future Date Has Been Set

Much focus on investment comes from the private sector, particularly those of the venture capitalist persuasion. But one of the biggest investors this country has is the federal government.
Why It Matters: As Mariana Mazzucato, an economics professor at University College London, explains in her book &quot;The Entrepreneurial State,&quot; much of business creation &mdash; including Google&rsquo;s search engine and new pharmaceuticals &mdash;&nbsp;stems from government investment from agencies like the National Science Foundation and National Institutes of Health.
For example, Tesla developed its battery and solar panel technology from a U.S. Department of Energy grant.
In 2020, most money, likely due to attempts to build a vaccine against COVID-19, was invested in America&rsquo;s private&nbsp;health sector.
Modernatx, part of Moderna, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/mrna#NYSE">MRNA</a>) received $955 million;&nbsp;Emergent Manufacturing Operations, part of Emergent BioSolutions (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ebs#NYSE">EBS</a>) got $628 million;&nbsp;and AstraZeneca PLC (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/azn#NASDAQ">AZN</a>) was given $413 million.
In the aggregate, defense contracts got the biggest investment, with $286 million going to Jacobs Engineering Group (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/j#NASDAQ">J</a>), $188 million to Leidos Holdings Inc (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ldos#NYSE">LDOS</a>) and $163 million to Lockheed Martin Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/lmt#NYSE">LMT</a>).
The American manufacturer of tires and aeronautics, Aerojet Rocketdyne Holdings (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ajrd#NYSE">AJRD</a>), received $386 million.
What It Means: If you had invested in a company like Moderna in November&nbsp;2020 and held it until today, you would have made a 300% return.
But more obscure companies like Jacobs Engineering Group also experienced a big boost from about $100 per share in November 2020 to $133 today. During that same period, Leidos Holdings jumped about $20 per share.
Photo: Unsplash photo by Ajay Parthasarathy.

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These Companies Have Seen Large Returns From 2020 Government Investment

<h3>Gainers</h3>
<ul>
<li>Sonim Technologies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SONM#NASDAQ">SONM</a>) stock moved upwards by 2.39% to $0.44 during Friday's after-market session. The company's market cap stands at $29.4 million. </li>
<li>Borqs Technologies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BRQS#NASDAQ">BRQS</a>) stock moved upwards by 2.05% to $0.83. Today's trading volume for this security ended up closing at 50.0K shares, which is 0.48 percent of its average volume over the last 100 days. The market value of their outstanding shares is at $101.1 million. </li>
<li>Agora (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/API#NASDAQ">API</a>) stock increased by 0.92% to $26.25. The company's market cap stands at $3.0 billion. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>American Virtual Cloud (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVCT#NASDAQ">AVCT</a>) shares fell 5.84% to $5.0 during Friday's after-market session. The market value of their outstanding shares is at $100.4 million. </li>
<li>Aehr Test Systems (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AEHR#NASDAQ">AEHR</a>) stock fell 3.28% to $5.9. The market value of their outstanding shares is at $139.2 million. </li>
<li>Exela Technologies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/XELA#NASDAQ">XELA</a>) stock fell 2.89% to $2.36. Today's trading volume for this security ended up closing at 252.9K shares, which is 0.43 percent of its average volume over the last 100 days. The market value of their outstanding shares is at $139.6 million. </li>
<li>Synchronoss Technologies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SNCR#NASDAQ">SNCR</a>) stock decreased by 2.5% to $2.74. The market value of their outstanding shares is at $236.8 million. </li>
<li>Qumu (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QUMU#NASDAQ">QUMU</a>) shares declined by 2.35% to $2.5. The market value of their outstanding shares is at $43.9 million. </li>
<li>Cloopen Group Holding (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RAAS#NYSE">RAAS</a>) stock declined by 2.09% to $4.7. Cloopen Group Holding's trading volume hit 60.4K shares by close, accounting for 6.94% of its average volume over the last 100 days. The market value of their outstanding shares is at $772.5 million. </li>
</ul>

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Borqs Technologies, Inc. - Ordinary Shares

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9 Information Technology Stocks Moving In Friday's After-Market Session

<h3>Gainers</h3>
<ul>
<li>BEST (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BEST#NYSE">BEST</a>) shares increased by 1.76% to $1.15 during Friday's after-market session. The company's market cap stands at $446.4 million. </li>
<li>SOS (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SOS#NYSE">SOS</a>) shares rose 1.61% to $2.52. Today's trading volume for this security ended up closing at 105.9K shares, which is 0.66 percent of its average volume over the last 100 days. The market value of their outstanding shares is at $471.5 million. </li>
<li>EHang Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EH#NASDAQ">EH</a>) stock rose 1.58% to $26.33. The market value of their outstanding shares is at $1.4 billion. </li>
<li>Applied UV (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AUVI#NASDAQ">AUVI</a>) stock rose 1.29% to $8.6. The market value of their outstanding shares is at $80.8 million. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>TOMI Environmental Solns (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TOMZ#NASDAQ">TOMZ</a>) stock decreased by 4.22% to $2.5 during Friday's after-market session. The market value of their outstanding shares is at $42.0 million. </li>
<li>Rekor Systems (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/REKR#NASDAQ">REKR</a>) stock fell 2.8% to $7.31. The company's market cap stands at $299.6 million. </li>
<li>TD Hldgs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GLG#NASDAQ">GLG</a>) stock decreased by 1.15% to $0.87. The market value of their outstanding shares is at $84.4 million. </li>
<li>Honeywell International (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HON#NASDAQ">HON</a>) shares declined by 1.02% to $227.0. At the close, Honeywell International's trading volume reached 294.9K shares. This is 9.48% of its average volume over the last 100 days. The company's market cap stands at $157.6 billion. As per the press release, Q2 earnings came out today. </li>
<li>Stem (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/STEM#NYSE">STEM</a>) stock declined by 0.97% to $26.73. Today's trading volume for this security ended up closing at 59.6K shares, which is 1.95 percent of its average volume over the last 100 days. The company's market cap stands at $3.3 billion. </li>
<li>Seanergy Maritime Hldgs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SHIP#NASDAQ">SHIP</a>) stock fell 0.97% to $1.03. The market value of their outstanding shares is at $173.5 million. </li>
</ul>

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TOMZ

10 Industrials Stocks Moving In Friday's After-Market Session

<h3>Gainers</h3>
<ul>
<li>17 Education &amp; Technology (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/YQ#NASDAQ">YQ</a>) shares increased by 7.8% to $1.52 during Friday's after-market session. This security traded at a volume of 55.0K shares come close, making up 4.37% of its average volume over the last 100 days. The company's market cap stands at $293.1 million. </li>
<li>Meten EdtechX Education (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/METX#NASDAQ">METX</a>) stock rose 7.48% to $0.54. The company's market cap stands at $56.3 million. </li>
<li>Cango (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CANG#NYSE">CANG</a>) stock increased by 6.57% to $4.7. The company's market cap stands at $685.9 million. </li>
<li>Gaotu Techedu (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GOTU#NYSE">GOTU</a>) shares rose 6.55% to $3.74. This security traded at a volume of 1.0 million shares come close, making up 11.24% of its average volume over the last 100 days. The market value of their outstanding shares is at $955.9 million. </li>
<li>New Oriental Education (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EDU#NYSE">EDU</a>) stock moved upwards by 4.77% to $3.07. Trading volume for this security closed at 11.1 million, accounting for 32.12% of its average full-day volume over the last 100 days. The market value of their outstanding shares is at $5.2 billion. </li>
<li>TAL Education (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TAL#NYSE">TAL</a>) stock increased by 3.96% to $6.3. TAL Education's trading volume hit 756.0K shares by close, accounting for 4.71% of its average volume over the last 100 days. The market value of their outstanding shares is at $4.0 billion. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>Moxian (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MOXC#NASDAQ">MOXC</a>) stock declined by 3.87% to $16.93 during Friday's after-market session. Moxian's trading volume hit 57.5K shares by close, accounting for 1.58% of its average volume over the last 100 days. The market value of their outstanding shares is at $327.4 million. </li>
<li>ATA Creativity Global (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AACG#NASDAQ">AACG</a>) shares declined by 2.18% to $4.04. Trading volume for this security closed at 59.0K, accounting for 6.77% of its average full-day volume over the last 100 days. The market value of their outstanding shares is at $128.0 million. </li>
<li>Blink Charging (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BLNK#NASDAQ">BLNK</a>) shares declined by 1.57% to $31.51. The market value of their outstanding shares is at $1.3 billion. </li>
<li>Just Eat Takeaway.com (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GRUB#NASDAQ">GRUB</a>) shares decreased by 1.39% to $16.41. This security traded at a volume of 71.0K shares come close, making up 1.9% of its average volume over the last 100 days. The company's market cap stands at $1.5 billion. </li>
<li>Youdao (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DAO#NYSE">DAO</a>) shares declined by 1.34% to $12.53. The company's market cap stands at $1.5 billion. </li>
<li>XL Fleet (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XL#NYSE">XL</a>) shares decreased by 1.19% to $6.65. XL Fleet's trading volume hit 71.3K shares by close, accounting for 1.54% of its average volume over the last 100 days. The company's market cap stands at $925.1 million. </li>
</ul>

AACG

BLNK

CANG

New Oriental Education & Technology Group

GSX Techedu Inc. American Depositary Shares

GOTU

GRUB

Meten EdtechX Education Group Ltd Ordinary Shares

METX

MOXC

12 Consumer Discretionary Stocks Moving In Friday's After-Market Session

Prudential Bancorp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PBIP#NASDAQ">PBIP</a>) reported quarterly earnings of $0.28 per share. This is a 36.36 percent decrease over earnings of $0.44 per share from the same period last year.

Earnings

PBIP

Prudential Bancorp Q3 EPS $0.28 Down From $0.44 YoY

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