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BTCT

BTC Digital Ltd. (NASDAQ:BTCT), a blockchain technology company, has announced the acquisition of a BTC mining facility in North Carolina for $3.4 million. The facility is equipped with a stable power load of 10 megavolts.

Portfolio Pulse from Benzinga Newsdesk

March 12, 2024 | 12:05 pm

CRBP

Corbus Pharmaceuticals (CRBP) reported Q4 EPS of $(1.81), surpassing the $(2.36) estimate, marking a 23.31% beat and a 30.65% improvement year-over-year. The company's cash and investments total $127M, expected to sustain operations through Q1 2027.

Portfolio Pulse from Benzinga Newsdesk

March 12, 2024 | 12:05 pm

IONM

Assure Holdings has announced an agreement to sell certain assets to MPOWERHealth, leading to an increase in its share price.

Portfolio Pulse from Benzinga Newsdesk

March 12, 2024 | 11:59 am

BTCUSD

Market analyst Todd Gordon, founder of Inside Edge Capital, discussed Bitcoin's performance on CNBC's 'Last Call,' highlighting its resilience compared to the sharp decline in semiconductor stocks. Despite Bitcoin's recent surge to over $72,000, Gordon does not believe it is overvalued and sees potential for further growth, especially in relation to tech and semiconductor stocks. He mentioned owning Bitcoin and Bitcoin ETFs, considering adding Bitcoin to his wealth management portfolios.

Portfolio Pulse from Benzinga Neuro

March 12, 2024 | 11:29 am

BTAI

BioXcel Therapeutics reported its cash and cash equivalents at $65.2M, expected to sustain operations through mid-2024. This financial position may influence investor confidence and stock performance in the short term.

Portfolio Pulse from Benzinga Newsdesk

March 12, 2024 | 11:04 am

BTCUSD

ETHUSD

Former President Donald Trump has shifted his stance on cryptocurrencies from skepticism in 2019 to actively engaging and promoting them in 2024, including selling a collection of sneakers for Bitcoin and trading Ethereum. His meme cryptocurrency, MAGA (TRUMP), has seen a significant return. This change reflects a broader acceptance of cryptocurrencies, as evidenced by Bitcoin's recent surge to new all-time highs.

Portfolio Pulse from Benzinga Neuro

March 12, 2024 | 10:35 am

TSLA

Tesla Inc's German gigafactory, located near Berlin, has resumed operations after a week-long outage caused by an arson attack. The factory, which has an installed annual vehicle capacity of 375,000 Model Y vehicles, was forced to halt production due to the attack by the 'Vulkan' Group. The outage resulted in a production loss of approximately 1000 cars per day. Tesla has announced that production will return to full speed this week.

Portfolio Pulse from Anan Ashraf

March 12, 2024 | 10:32 am

BEKE

FXI

Chinese regulators have requested large banks to increase their support for Vanke, a major real estate company in China. This move is part of broader efforts to stabilize the real estate sector in the country.

Portfolio Pulse from Charles Gross

March 12, 2024 | 9:08 am

META

NVDA

NVIDIA Corp (NASDAQ:NVDA) experienced a significant stock reversal on Friday, dropping 5.5%, which has raised concerns about a potential broader market downturn, especially within the AI sector. Despite a weekly gain of 6%, this reversal has sparked worries about the market's over-reliance on AI stocks, including the 'Magnificent Seven' tech stocks. Analysts warn of a potential correction in the AI trade and emphasize the risks of market imbalance due to heavy concentration in a few tech stocks.

Portfolio Pulse from Benzinga Neuro

March 12, 2024 | 8:25 am

BTCUSD

DOGEUSD

SHIBUSD

In February, crypto phishers stole $47 million, mainly through fake accounts on Elon Musk's X, targeting Bitcoin, Dogecoin, and Shiba Inu users. Over 57,000 victims were affected, with Ethereum mainnet and ERC-20 tokens being the primary targets. Despite more victims, the total stolen amount decreased from January. High-profile accounts, including MicroStrategy's, were hacked, contributing to the losses. The first two months of 2024 saw $104 million lost to phishing, with Ethereum users suffering $78 million of those losses. The U.S. saw a 53% increase in cryptocurrency scam losses in 2023, totaling $3.94 billion.

Portfolio Pulse from Benzinga Neuro

March 12, 2024 | 7:54 am