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Experts weigh in on the potential impact of former President Donald Trump's return to power on the cryptocurrency market, particularly Bitcoin and Ethereum. Key predictions include possible personnel changes at the SEC, executive orders favoring crypto, and significant political resistance, especially from Senator Elizabeth Warren.

Portfolio Pulse from Aniket Verma

May 30, 2024 | 11:30 am

ABNB

AMZN

GOOG

GOOGL

Google, Amazon, and Airbnb have won EU court backing in a dispute over Italian rules requiring companies to provide information about themselves.

Portfolio Pulse from Charles Gross

May 30, 2024 | 9:22 am

TSLA

Gary Black, Managing Partner at The Future Fund LLC, warns that there is a 'fair chance' Elon Musk will leave Tesla if shareholders vote against his 2018 compensation package in the 2024 proxy vote. Black argues that Musk's departure could lead to a talent drain and hinder Tesla's progress in achieving unsupervised autonomy. The compensation package, valued at $56 billion, was overturned by a Delaware court earlier this year, and Tesla's board is seeking to reinstate it through a shareholder vote in June.

Portfolio Pulse from Benzinga Neuro

May 30, 2024 | 9:11 am

TSLA

Columbia Law Professor Eric Talley, who holds a small stake in Tesla, Inc. (NASDAQ:TSLA), expressed his inclination to vote against Elon Musk's 2018 pay package at the upcoming shareholder meeting. Talley cited concerns over Tesla's thinning margins, increasing competition from China, and political uncertainties. Proxy advisory firm Glass Lewis also advised against the pay plan, and Musk reacted negatively. The outcome of the vote could influence Musk's focus on Tesla or his other ventures.

Portfolio Pulse from Shanthi Rexaline

May 30, 2024 | 8:49 am

BTC-USD

ETH-USD

GME

SOL-USD

The U.S. Treasury Department has raised concerns about the vulnerability of NFTs to fraud and scams, calling for tighter regulations. The report highlights issues such as inadequate cybersecurity, money laundering risks, and fluctuating prices. GameStop and Impact Theory have faced regulatory actions related to NFTs.

Portfolio Pulse from Aniket Verma

May 30, 2024 | 6:08 am

MSFT

EngineOwning, a cheat maker for video games like Call of Duty, has been ordered to pay Activision over $14 million in damages and surrender its domain name. This ruling is part of Activision's ongoing efforts to combat cheating in its games.

Portfolio Pulse from Franca Quarneti

May 29, 2024 | 8:12 pm

TSLA

The U.S. Auto Safety Agency is seeking records from Tesla regarding a probe into potential power steering loss issues.

Portfolio Pulse from Benzinga Newsdesk

May 29, 2024 | 4:28 pm

ETHUSD

MATICUSD

USDCUSD

Crypto bettors on Polymarket predict a 76% chance of former President Donald Trump being found guilty in his New York criminal trial related to falsifying business records. The market has seen over $77,000 in bets. Another market predicts only a 14% chance of Trump being jailed before the 2024 election. Polymarket allows users to bet using cryptocurrencies like MATIC, USDC, and ETH.

Portfolio Pulse from Chris Katje

May 29, 2024 | 3:22 pm

CDNA

CareDx shares are trading lower after the company announced it responded to Natera's filing of a motion for an injunction related to patent 11,111,544.

Portfolio Pulse from Benzinga Newsdesk

May 29, 2024 | 2:49 pm