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The Maelstrom Fund, led by BitMEX co-founder Arthur Hayes, has launched a grant program to support Bitcoin development. The program will provide annual funding of $50,000 to $150,000 per developer, with a cap of $250,000 per year. The grants aim to enhance Bitcoin's resilience, scalability, censorship resistance, and privacy. Payments will be made in BTC, USDC, or USDT.

Portfolio Pulse from Aniket Verma

July 18, 2024 | 4:04 am

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Michigan's cannabis market reached a record $837 million in Q2 2024, driven by strong adult-use sales and market expansion. Despite a decline in medical use sales and average revenue per retailer, the market remains robust with significant contributions from public companies like Ascend Wellness, Grown Rogue, TerrAscend, and Red White and Bloom. The market's growth is supported by new dispensaries and increased competition.

Portfolio Pulse from Nicolás Jose Rodriguez

July 18, 2024 | 3:13 am

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Leading cryptocurrencies, including Bitcoin, Ethereum, and Dogecoin, saw declines as investors booked profits. Bitcoin's price fell to the mid-$64,000s after briefly breaching $66,000. Ethereum dipped below $3,500. Analysts suggest Bitcoin isn't ready to retest the $65,000 level as new support. The broader stock market also saw declines, with the Nasdaq Composite shedding 2.77%.

Portfolio Pulse from Aniket Verma

July 18, 2024 | 2:27 am

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The semiconductor market experienced a significant selloff due to comments from former President Trump on Taiwan and potential trade restrictions with China by President Biden. Major semiconductor stocks like NVIDIA, AMD, and Broadcom saw sharp declines, while companies with a larger U.S. presence, such as Texas Instruments, fared better.

Portfolio Pulse from Benzinga Neuro

July 18, 2024 | 2:07 am

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The Chinese government, led by Xi Jinping, is enforcing stringent regulations on AI systems to ensure they align with socialist values. Tech giants like Alibaba and ByteDance are undergoing mandatory reviews by the Cyberspace Administration of China to test their AI models for compliance.

Portfolio Pulse from Ananya Gairola

July 18, 2024 | 2:05 am

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The FDA and FTC have issued warning letters to companies marketing cannabis products to children, particularly those with hemp-derived cannabinoids like delta-8 THC. This regulatory action coincides with a congressional debate on potentially banning consumable hemp-based cannabinoid products. Concerns are also rising over unknown compounds found in hemp conversion processes.

Portfolio Pulse from Patricio Liddle

July 17, 2024 | 11:49 pm

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The cannabis industry is seeing consolidation, with cannabis concentrates emerging as a key growth area. Brands like Ozone (OTC: AAWH) and The Essence (OTC: VRNOF) are performing well in multiple states, making them attractive acquisition targets.

Portfolio Pulse from Nicolás Jose Rodriguez

July 17, 2024 | 10:56 pm

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Former President Donald Trump has reversed his stance on banning TikTok, arguing that the app provides necessary competition to big tech companies like Meta Platforms (Facebook, Instagram) and Alphabet (Google, YouTube). Trump criticized these companies for their negative impact on young people and accused Meta CEO Mark Zuckerberg of election fraud. Trump was previously banned from Facebook and Instagram but has since been reinstated.

Portfolio Pulse from Chris Katje

July 17, 2024 | 9:59 pm

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Alaska Airlines is set to expand its first class and premium class seating across more than 200 of its aircraft, adding 1.3 million premium seats annually to its mainline fleet. This move aims to provide guests with more opportunities to upgrade to a premium experience.

Portfolio Pulse from Benzinga Newsdesk

July 17, 2024 | 9:57 pm

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UnitedHealthcare has been selected by the State of Rhode Island to serve Medicaid members through the MMCS program, extending their contract to 2030. UnitedHealthcare has been providing services in Rhode Island since 1993.

Portfolio Pulse from Benzinga Newsdesk

July 17, 2024 | 9:13 pm