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Vitalik Buterin, Ethereum co-founder, criticizes the current trend of meme coins for lacking innovation and containing offensive content. He advocates for meme coins that support public goods and highlights the potential of 'Robin Hood games' like Axie Infinity, which may benefit low-income users. Buterin emphasizes the need for high-quality, positive projects in the crypto space.

Portfolio Pulse from Chris Katje

March 29, 2024 | 7:38 pm

ATAI

META

MNMD

PSIL

TSLA

Beckley Psytech and atai Life Sciences announced positive results from a Phase 2a study of 5-MeO-DMT for Treatment Resistant Depression. Utah hospitals will soon offer psilocybin and MDMA therapy. Elon Musk discussed the benefits of ketamine for depression and its positive impact on investors. Meta is under investigation for potentially facilitating illegal drug sales. MindMed's CEO highlighted LSD's potential in a podcast. Various companies and ETFs are mentioned with their stock performance.

Portfolio Pulse from Lara Goldstein

March 29, 2024 | 4:43 pm

AMC

DJT

Trump Media & Technology Group Corp. (NASDAQ:DJT) has emerged as a potential new meme stock after its Nasdaq debut saw significant price movement. Steve Sosnick of Interactive Brokers identifies three characteristics of meme stocks: quasi-religious fervor among shareholders, disregard for fundamentals, and high short interest. DJT's stock movement is attributed to Donald Trump's loyal supporters, despite the company's modest revenue of $3.3 million in the first nine months of 2023 compared to its market cap of $7.51 billion. The stock closed down 6.43% at $61.96.

Portfolio Pulse from Erica Kollmann

March 29, 2024 | 2:31 pm

KRE

'Rich Dad Poor Dad' author Robert Kiyosaki predicts a financial crisis in the US similar to China's, impacting baby boomers' retirement plans. He attributes the crisis to the collapse of major entities in China and warns of similar issues in the US commercial real estate sector. Kiyosaki advises investing in tangible assets like gold, silver, and Bitcoin over fiat currency or real estate investment trusts (REITs). The SPDR S&P Regional Banking ETF (KRE) is mentioned in relation to the challenges faced by the US banking system, including the exposure of regional banks to commercial real estate.

Portfolio Pulse from Shanthi Rexaline

March 29, 2024 | 12:12 pm

META

Meta Platforms Inc. (NASDAQ:META) is set to discontinue the Facebook News feature in the U.S. and Australia as part of its strategy to reduce focus on news and political content. The decision follows the feature's closure in the U.K., France, and Germany last year. Users will still be able to access news articles through links and news organizations can post and promote content on Facebook. This move is in response to criticism over misinformation and political polarization.

Portfolio Pulse from Rounak Jain

March 29, 2024 | 9:38 am

TSLA

XIACF

Xiaomi (OTCPK: XIACF) has officially priced its first EV, the SU7 sedan, significantly lower than Tesla's (NASDAQ: TSLA) entry-level Model 3, aiming to challenge the luxury EV market. The SU7's price starts at about $28,872, with higher-end variants priced up to $41,494. This pricing strategy positions the SU7 well below Tesla's Model 3 and Model S in China. Xiaomi received over 50,000 orders for the SU7 within 30 minutes of opening pre-orders. The vehicle boasts a maximum range of 810 km, surpassing the Model 3's 606 km. Xiaomi's shares rose 1.22% following the announcement.

Portfolio Pulse from Anan Ashraf

March 29, 2024 | 4:26 am

SHIBUSD

Shiba Inu (SHIB) is up 3.5% amid overall strength in altcoins and Bitcoin surpassing $70,000. Elon Musk's payment company's expansion and Dogecoin's surge have fueled optimism in meme coins, potentially benefiting SHIB. Bitcoin ETFs also saw significant inflows, indicating growing confidence in cryptocurrencies.

Portfolio Pulse from Henry Khederian

March 29, 2024 | 2:11 am

EXPE

Expedia Group announced leadership changes with Jon Gieselman departing and Brad Bentley and Jochen Koedijk stepping into new roles as COO of Consumer Business and CMO, respectively. These changes come as Expedia aims to build on its marketing and tech foundations for growth. Gieselman's tenure saw the creation of a unified marketing team and the launch of the One Key loyalty program. Koedijk and Bentley are expected to leverage their experience to drive future growth and maintain Expedia's competitive edge in the travel industry.

Portfolio Pulse from Benzinga Newsdesk

March 28, 2024 | 8:48 pm

DKNG

PARA

WBD

The 2024 NCAA Men's Basketball Tournament's Sweet 16 features 10 teams aiming for their first championship. DraftKings Inc (DKNG) provides betting odds for the matchups, with Connecticut having the highest odds to win. Games will be broadcasted by Warner Bros. Discovery Inc (WBD) and Paramount Global (PARA, PARAA).

Portfolio Pulse from Chris Katje

March 28, 2024 | 8:45 pm

BYON

Beyond has announced the relaunch of Overstock.com, focusing on offering 'crazy good deals' with discounts ranging from 30-70% across a wide variety of product categories. The relaunch includes an expanded product selection.

Portfolio Pulse from Benzinga Newsdesk

March 28, 2024 | 8:44 pm