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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

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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

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The article discusses various entertainment news including the rivalry between Elon Musk and Mark Zuckerberg, with Musk threatening to sue Meta Platforms Inc for poaching Twitter employees. It also mentions the cancellation of Meghan Markle's podcast on Spotify after failing to reach an agreement on its launch. Netflix is also mentioned in relation to the timing of 'Titanic' being added to the platform.

Portfolio Pulse from Anthony Noto

July 08, 2023 | 12:35 pm

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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

ALIT

Alight has filed a prospectus related to the offer and sale of up to 240,392,110 shares of Class A common stock, from time to time, by selling holders.

Portfolio Pulse from Charles Gross

July 07, 2023 | 8:57 pm

ACHR

Adam Goldstein, CEO of Archer Aviation, has become the beneficial owner of about 50.1% of the total voting power of the outstanding capital stock as of July 6.

Portfolio Pulse from Charles Gross

July 07, 2023 | 8:53 pm

TIVC

Tivic Health Systems, Inc. (NASDAQ:TIVC), a health tech company, has announced its intention to offer and sell shares of its common stock in a public offering. The net proceeds from the offering will be used for working capital and general corporate purposes. The completion of the offering is subject to market and other conditions. Maxim Group LLC is acting as the sole placement agent for the offering.

Portfolio Pulse from Charles Gross

July 07, 2023 | 8:36 pm

CVS

A significant bullish stance has been taken on CVS Health (NYSE:CVS) by a large investor, as indicated by unusual options trading activity. The sentiment among these big-money traders is split 50% bullish and 50% bearish. The whales have been targeting a price range from $37.5 to $75.0 for CVS Health over the last 3 months. JP Morgan and Truist Securities have maintained their Overweight and Buy ratings on CVS Health, respectively, with price targets of $106 and $103.

Portfolio Pulse from Benzinga Insights

July 07, 2023 | 8:33 pm

BLNG

Belong Acquisition has announced that it will redeem public shares. The company's ticker symbol is BLNG.

Portfolio Pulse from Benzinga Newsdesk

July 07, 2023 | 8:01 pm

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The Nasdaq Composite gained around 100 points on Friday, with Prestige Wealth Inc. shares spiking 200% following its IPO. Gorilla Technology Group Inc. shares also rose 143% after signing a $270 million contract with the Government of Egypt. However, iMedia Brands, Inc. shares dropped 16% after receiving a delisting notice from Nasdaq following its Chapter 11 filing, and Levi Strauss & Co. shares were down 7% after lowering its annual profit outlook.

Portfolio Pulse from Lisa Levin

July 07, 2023 | 6:30 pm