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Crypto influencer Ben Armstrong has raised over $120,000 in Bitcoin, Ethereum, and Cardano donations for his legal fight against Hit Network. Armstrong alleges that Hit Network has taken away his financial resources and left him unable to fight back. He is seeking to regain control of BitBoy Crypto. Armstrong left Hit Network in August, alleging a coup attempt by TJ Shedd and Justin Williams.

Portfolio Pulse from Mehab Qureshi

September 20, 2023 | 7:25 am

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Ripple CEO, Brad Garlinghouse, took a jab at SEC Chair Gary Gensler through a tweet while visiting the SEC's Washington HQ. This follows the ongoing legal battle between the SEC and Ripple Labs, where the SEC is appealing a judge's ruling that favored Ripple. Ripple has already spent over $100 million on the legal battle. Bitcoin (CRYPTO: BTC) was trading at $27,134.14, up 1.14% in the last 24 hours.

Portfolio Pulse from Mehab Qureshi

September 20, 2023 | 4:24 am

FTTUSD

Stanford University plans to return all donations it received from the insolvent cryptocurrency platform, FTX (CRYPTO: FTT) and its associated companies. This decision comes after a lawsuit was filed by FTX consultants, accusing the parents of FTX's co-founder and ex-CEO, Sam Bankman-Fried, of misusing their influence over the company to accumulate wealth. The university had received approximately $5.5 million in donations from businesses linked to FTX, mainly for pandemic-related prevention and research.

Portfolio Pulse from Murtuza Merchant

September 19, 2023 | 10:47 pm

TSLA

The Justice Department is investigating Tesla Inc (NASDAQ:TSLA) CEO Elon Musk over a secretive project rumored to involve the construction of a glass house. The investigation is focused on personal benefits Musk may have received while leading Tesla, with prosecutors looking at benefits received by Musk since 2017. The Justice Department and the Securities and Exchange Commission were previously investigating the potential use of company funds to build a glass house for Musk. The investigation will examine whether Tesla properly disclosed benefits that Musk received.

Portfolio Pulse from Chris Katje

September 19, 2023 | 10:35 pm

COIN

The U.S. Securities and Exchange Commission (SEC) is intensifying its scrutiny of crypto platforms and decentralized finance (DeFi) entities, including Coinbase Global Inc. (NASDAQ:COIN) and Binance, for potential infringements of securities regulations. The SEC's Crypto Assets and Cyber Unit leader, David Hirsch, stated that the agency's concerns are not limited to prominent exchanges and that it will continue to bring charges against firms operating similarly to Coinbase and Binance.

Portfolio Pulse from Murtuza Merchant

September 19, 2023 | 10:06 pm

WMT

Walmart Inc. (NYSE:WMT) has announced reduced operating hours at five stores in Atlanta, a collaboration with the Canadian government to stabilize food prices, and is facing a patent infringement lawsuit from RavenWhite Licensing. The reduced hours could impact Walmart's financial performance, while the collaboration could affect its competitive positioning in Canada. The lawsuit alleges that Walmart's website and advertising program infringe on RavenWhite's patents.

Portfolio Pulse from Mohit Manghnani

September 19, 2023 | 9:01 pm

PXDT

Pixie Dust Technologies has received a notice of delinquency due to a delay in filing its Form 20-F.

Portfolio Pulse from Benzinga Newsdesk

September 19, 2023 | 8:16 pm

LLY

Eli Lilly has sued four U.S. compounding pharmacies for selling products claiming to contain the main ingredient in its diabetes drug Mounjaro for weight loss. The company has also sued six U.S. medical spas and wellness centers for selling products advertised as Mounjaro.

Portfolio Pulse from Benzinga Newsdesk

September 19, 2023 | 7:00 pm

TSLA

The Justice Department is investigating personal benefits that Tesla may have provided to Elon Musk since 2017. The probe is part of a criminal investigation examining issues including a proposed house for the CEO.

Portfolio Pulse from Benzinga Newsdesk

September 19, 2023 | 6:33 pm