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Crypto analyst Teng Yan discusses potential bull and bear cases for Bitcoin and Ethereum ahead of Ethereum ETF launches. He notes decelerating Bitcoin ETF flows and minimal initial Ethereum ETF flows, raising concerns for BTC's near-term prospects. Despite bearish sentiment, Yan remains optimistic about the long-term outlook.

Portfolio Pulse from Khyathi Dalal

June 25, 2024 | 12:50 pm

WLDS

Wearable Devices demonstrated its Mudra technology on Lenovo's ThinkReality XR headset at the Augmented World Expo 2024, highlighting advancements in extended reality.

Portfolio Pulse from Benzinga Newsdesk

June 25, 2024 | 12:46 pm

RDZN

Roadzen will provide claims processing services using its xClaim product for Oriental Insurance Company.

Portfolio Pulse from Benzinga Newsdesk

June 25, 2024 | 12:41 pm

ENVX

RGS

SEDG

Market-Moving News for June 25th: Regis (RGS) shares surged 164% after announcing a new senior secured credit facility with TCW Asset Management. Enovix (ENVX) shares rose 24% following a deal to supply silicon batteries for mixed reality headsets. SolarEdge Technologies (SEDG) shares fell 19% after announcing a $300 million convertible notes offering due 2029.

Portfolio Pulse from ryanfaloona@benzinga.com

June 25, 2024 | 12:40 pm

TOON

Kartoon Studios' Chairman and CEO, Andy Heyward, provided a letter to shareholders following the announcement of a new production, 'Kartoon Studios Winnie-The-Pooh,' and $30 million in non-dilutive production funding led by Catalyst Venture Partners.

Portfolio Pulse from Benzinga Newsdesk

June 25, 2024 | 12:39 pm

BOF

BranchOut Food Inc. (NASDAQ:BOF) announced its entry into the industrial food ingredients market, aiming to capitalize on a market projected to grow from $335.32 billion in 2023 to $511.33 billion by 2032. The company plans to build an internal sales and marketing team and will showcase its products at the ITF Annual Expo in July 2024.

Portfolio Pulse from Benzinga Newsdesk

June 25, 2024 | 12:38 pm

CAPR

Capricor Therapeutics (NASDAQ:CAPR) announced that the FDA has scheduled a Pre-BLA meeting with the company in Q3 2024 for its treatment of Duchenne Muscular Dystrophy, deramiocel (CAP-1002). The meeting aims to finalize BLA filing plans and outline the rolling BLA submission timeline.

Portfolio Pulse from Benzinga Newsdesk

June 25, 2024 | 12:37 pm

DRTS

Alpha Tau Medical has published a pooled analysis of its Alpha DaRT therapy in the journal *Cancers*. The data from four international trials show a nearly 100% overall response rate and an 89% complete response rate in treated lesions. Additionally, there were no severe long-term toxicities, and the 2-year local recurrence-free survival rate was 77%.

Portfolio Pulse from Benzinga Newsdesk

June 25, 2024 | 12:37 pm

GM

GM Defense, a subsidiary of General Motors, is providing commercial battery electric technology to support the University of Texas at Arlington and the Naval Surface Warfare Center Philadelphia Division. The project aims to evaluate electric vehicle batteries for military use, funded by the U.S. Department of Defense.

Portfolio Pulse from Benzinga Newsdesk

June 25, 2024 | 12:35 pm

BNRG

Brenmiller Energy CEO Avi Brenmiller issued a letter to shareholders highlighting the company's progress in the TES industry, including a $500 million project pipeline, a new Heat as a Service (HaaS) business model, and strategic partnerships in multiple countries. The company has raised $8.5 million in equity capital to support its growth.

Portfolio Pulse from Benzinga Newsdesk

June 25, 2024 | 12:35 pm