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BTCUSD

Democratic presidential candidate Robert F. Kennedy Jr reportedly holds between $100,001 and $250,000 worth of Bitcoin (BTC), according to a financial disclosure form. This has raised concerns about a potential conflict of interest as Kennedy continues to publicly support Bitcoin during his campaign. The Kennedy campaign initially stated that the Bitcoin investment belonged to Kennedy's wife, Cheryl Hines, but later confirmed that Kennedy holds the Bitcoin investment.

Portfolio Pulse from Mehab Qureshi

July 10, 2023 | 3:53 am

BTCUSD

DOGEUSD

ETHUSD

Major cryptocurrencies including Bitcoin, Ethereum, and Dogecoin traded in the red amid mixed signals from the U.S. labor market. The June nonfarm payrolls (NFPs) fell short of economists’ expectations, suggesting a weakening of employment momentum. JPMorgan's report highlighted a potential drawback for the crypto markets, suggesting that a spot Bitcoin ETF may not have the transformative effect many anticipate. Meanwhile, US Stock futures showed slight gains in anticipation of upcoming inflation data and the start of the second-quarter earnings season.

Portfolio Pulse from Mehab Qureshi

July 10, 2023 | 2:23 am

FXI

The Consumer Price Index (CPI) for June came in at 0.0% year-on-year, below the estimated 0.2%. On a month-on-month basis, the CPI was down 0.2%, against an estimate of 0.0%. The Producer Price Index (PPI) for June was down 5.4% year-on-year, more than the estimated 5.0% decrease.

Portfolio Pulse from Benzinga Newsdesk

July 10, 2023 | 1:40 am

UBER

An American couple vacationing in Costa Rica was mistakenly charged $29,994 for a single Uber ride, instead of the correct amount in Costa Rican colones. The couple's bank, Altura Credit Union, allowed the charge to go through despite it exceeding their daily limit due to a travel notice on their account. After several days, the issue was resolved and the couple received a refund and a free Uber ride as compensation. However, it remains unclear whether Uber or Altura Credit Union resolved the issue.

Portfolio Pulse from Bibhu Pattnaik

July 09, 2023 | 5:26 pm

EWQ

TSLA

VGK

French Finance Minister Bruno Le Maire expressed optimism that Tesla CEO Elon Musk will choose France for a significant investment related to the production of electric vehicles.

Portfolio Pulse from Charles Gross

July 09, 2023 | 1:10 pm

BTCUSD

ETHUSD

SOLUSD

Former NFL star Tom Brady and supermodel Gisele Bündchen reportedly lost millions of dollars due to their association with the now-defunct cryptocurrency exchange FTX. Brady was paid $30 million and Bündchen received $18 million, both almost entirely in FTX stock. The couple was also given Ethereum (ETH), Bitcoin (BTC), and Solana (SOL) to trade on FTX, which disappeared following the exchange's bankruptcy. Customers have sought compensation from Brady and Bündchen, who are also required to pay taxes on their now worthless FTX stock.

Portfolio Pulse from Shanthi Rexaline

July 08, 2023 | 6:28 pm

ARKF

ARKK

ARKW

COIN

GBTC

Ark Invest CEO Cathie Wood predicts a significant upside for Bitcoin, with price targets eventually raised to $1 million by 2030. Despite the bankruptcy and collapse of several major cryptocurrency companies, Wood remains optimistic about the future of digital assets. Ark Funds have increased their holdings in many of their ETFs, including ARKK, ARKW, and ARKF, to coincide with this thesis. Coinbase Global (NASDAQ:COIN) is among the top ten holdings in these ETFs. The Grayscale Bitcoin Trust (OTC:GBTC) is also the second largest holding in the Ark Next Generation Internet ETF.

Portfolio Pulse from Chris Katje

July 08, 2023 | 3:34 pm

BLK

BTCUSD

Samson Mow, CEO of Bitcoin company Jan3, predicts Bitcoin could reach $3 million per coin by 2033. He dismisses altcoins and meme coins as distractions. His comments come as BlackRock refiles its application with the SEC for a Bitcoin ETF, with Coinbase chosen for surveillance-sharing agreements to detect fraud. Cboe Global Markets has also refiled paperwork for a Fidelity Investments spot BTC ETF. Mow believes approval of a Bitcoin ETF could lead to a significant influx of investment from pension funds and others.

Portfolio Pulse from Mehab Qureshi

July 08, 2023 | 12:33 pm

BTCUSD

DOGEUSD

This week's cryptocurrency news included Elon Musk's challenge to McDonald's to adopt Dogecoin as a payment method, a man's decision to sell his house and invest in HEX cryptocurrency, Dogecoin's price spike due to shorting, Mark Cuban's views on DeFi's advantages over traditional finance, and Tim Draper's revised prediction for Bitcoin to surpass $250,000 by 2025.

Portfolio Pulse from Benzinga Newsbot

July 08, 2023 | 10:59 am

Electronic Arts (NASDAQ:EA) has outperformed the market over the past 10 years by 8.09% on an annualized basis, producing an average annual return of 18.2%. If an investor had bought $1000 of EA stock 10 years ago, it would be worth $5,405.86 today.

Portfolio Pulse from Benzinga Insights

July 07, 2023 | 9:31 pm