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Major stories from the weekend include Elon Musk's test drive of Tesla's Cybertruck, the potential introduction of a gold-backed currency by BRICS countries, and warnings of a potential recession by U.S. Treasury Secretary Janet Yellen. Additionally, Bitcoin is expected to face a significant test in 2023, and Twitter is struggling to prove that Meta Platform Inc stole trade secrets.

Portfolio Pulse from Benzinga Newsbot

July 10, 2023 | 12:03 pm

BTCUSD

Apple Inc co-founder Steve Wozniak praised Bitcoin (CRYPTO: BTC) as the 'only cryptocurrency that’s pure-gold mathematics.' He expressed caution about other cryptocurrencies and non-fungible tokens (NFTs), suggesting potential scams. If you had invested $100 in Bitcoin today and its value reached levels when Wozniak acclaimed it, your investment would have generated a 30% profit.

Portfolio Pulse from Mehab Qureshi

July 10, 2023 | 11:46 am

FXI

China's Central Bank has extended policies to support the stable and healthy development of real estate markets until the end of 2024. This encourages financial institutions and real estate enterprises to negotiate independently.

Portfolio Pulse from Charles Gross

July 10, 2023 | 11:36 am

FSR

Fisker Inc. (NYSE:FSR) has announced its intention to offer $340M in aggregate principal amount of 0% senior unsecured convertible notes due 2025 to an institutional investor, with the potential to increase the amount to $680M. The proceeds will be used for general corporate purposes, including working capital, an additional battery pack line, sales and marketing, capital expenditures, and the development of future products.

Portfolio Pulse from Benzinga Newsdesk

July 10, 2023 | 10:32 am

BTCUSD

Standard Chartered predicts that Bitcoin will rise to around $50,000 by the end of 2021 and could reach $120,000 by the end of 2024, according to Reuters.

Portfolio Pulse from Charles Gross

July 10, 2023 | 9:29 am

SIVB

SVB Financial Group has filed a lawsuit against the Federal Deposit Insurance Corporation (FDIC) to recover $1.93 billion that was seized during the takeover of the failed Silicon Valley Bank in March.

Portfolio Pulse from Charles Gross

July 10, 2023 | 9:22 am

IEP

Following a short-seller attack on his firm, Carl Icahn has amended loan agreements, providing more collateral and setting up a repayment plan. This move has given his firm some breathing room.

Portfolio Pulse from Charles Gross

July 10, 2023 | 9:04 am

BTCUSD

ETHUSD

Bitcoin and Ethereum are trading at a significant discount on the Binance.US exchange due to restrictions imposed by the platform. Bitcoin is trading at a discount of nearly $3,000, while Ethereum is $200 cheaper. However, most investors cannot take advantage of these discounts due to restrictions imposed by Binance.US. The platform has also announced that the last day for USD withdrawals will be on July 20, adding to the uncertainty surrounding the platform.

Portfolio Pulse from Mehab Qureshi

July 10, 2023 | 7:43 am

BTCUSD

ETHUSD

USDTUSD

Veteran trader Peter Brandt criticized cryptocurrency enthusiasts who hold assets via Tether (USDT) on Binance, labeling the exchange as a scam. He highlighted an incident where Binance US executed Bitcoin sell orders at $8,000 while it was trading at $60,000 on other platforms. Brandt also declared Bitcoin as the only trustworthy cryptocurrency, calling others 'wannabees or scams'.

Portfolio Pulse from Mehab Qureshi

July 10, 2023 | 6:54 am

CMCL

Caledonia Mining has reported positive results from drilling at the Eroica Zone of its Blanket Gold Mine. The results indicate the potential for further gold production at the site.

Portfolio Pulse from Benzinga Newsdesk

July 10, 2023 | 6:24 am