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Cryptocurrency analyst Willy Woo predicts Bitcoin ETFs could drive Bitcoin's price to surpass gold's market cap, with price targets of $91k in bear and $650k in bull markets. The SEC approved Bitcoin ETFs from Grayscale, Bitwise, Hashdex, Valkyrie, and ARK 21Shares. Bitcoin's market cap could rise to $12.8 trillion, exceeding gold's $16.1 trillion cap. Bitcoin ETFs saw $111 billion traded in March, despite a recent 8% price drop and $83M net outflows in spot Bitcoin ETFs.

Portfolio Pulse from Benzinga Neuro

April 16, 2024 | 2:38 am

BLK

IBIT

Despite BlackRock Inc.'s acceptance of Bitcoin, skepticism remains among finance professionals. Portfolio manager Mike Green criticizes Bitcoin as an 'extractive bubble,' yet Simplify Asset Management launched two Bitcoin-exposed funds. Companies like Vanguard and State Street have not offered Bitcoin ETFs, and Goldman Sachs views Bitcoin as unsuitable for investment portfolios. The Miami event highlighted ongoing doubts about Bitcoin's viability as a reserve currency, despite its recent price surge.

Portfolio Pulse from Benzinga Neuro

April 16, 2024 | 1:49 am

AMZN

MSFT

The release of Amazon.com Inc's Prime Video Fallout TV series has led to a significant increase in player numbers for Microsoft Corp.'s Bethesda's Fallout video game franchise, with Fallout 76 reaching a new peak of 39,455 concurrent players. The resurgence in interest has affected all titles in the series, with Fallout 4 topping Steam revenue charts. Bethesda is responding with promotions and a next-gen update for Fallout 4, while also confirming Fallout 5 in its long-term plans.

Portfolio Pulse from Franca Quarneti

April 15, 2024 | 9:54 pm

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MANU

Gemini founders Cameron and Tyler Winklevoss invested $4.5 million in Bitcoin into Real Bedford FC, aiming to propel the team to the English Premier League. They join Bitcoin podcaster Peter McCormack as co-owners, sharing a conviction in Bitcoin's potential to support the club's ambitions. Manchester United (NYSE:MANU) was also mentioned as an example of a valuable team in the Premier League that recently secured investment from billionaire Jim Ratcliffe.

Portfolio Pulse from Chris Katje

April 15, 2024 | 9:48 pm

IONR

IPX

PLL

Piedmont Lithium received a mining permit for its Carolina Lithium project, expected to boost the U.S. EV supply chain. U.S. Steel faces opposition from senators and a national security review against its acquisition by Nippon Steel. Ioneer progresses on its Rhyolite Ridge project with an upcoming environmental review, aiming for production in 2027. IperionX signs a deal to supply titanium products, enhancing the U.S. titanium supply chain.

Portfolio Pulse from austin@walkonholdings.com

April 15, 2024 | 9:15 pm

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YUM

California's new law mandates a $20 minimum wage for fast-food employees at chains with at least 60 locations nationwide, affecting major companies like McDonald's, Starbucks, and Yum! Brands. Since the law's implementation on April 1, many of these companies have seen their stock values drop. Some are considering cutting hours and raising prices, while others explore automation to offset increased labor costs. Casual dining restaurants could benefit from this shift if they manage to maintain their pricing.

Portfolio Pulse from Natan Ponieman

April 15, 2024 | 9:12 pm

ZVRA

Zevra Therapeutics presented new data on the long-term safety and efficacy of Arimoclomol for treating Niemann-Pick Disease Type C (NPC) at the SIMD 45th Annual Meeting. The data supports Arimoclomol's tolerability and effectiveness, with Zevra's CEO, Neil F. McFarlane, highlighting the company's commitment to FDA collaboration ahead of the PDUFA date on September 21, 2024.

Portfolio Pulse from Benzinga Newsdesk

April 15, 2024 | 9:07 pm

TSLA

The Anaheim Police Department is initiating a pilot program with six Tesla Inc (NASDAQ:TSLA) Model Y vehicles as patrol cars to address a critical shortage of vehicles. This decision was influenced by the immediate availability of the Model Y and its potential to enhance public safety. The cars were prepared for service by Unplugged Performance's UP.FIT. This move reflects a broader trend towards electric vehicles in law enforcement for their cost-effectiveness and performance benefits.

Portfolio Pulse from Benzinga EV Insights

April 15, 2024 | 8:59 pm

SHEN

Shenandoah Telecommunications (Shentel) has announced the rebranding of Horizon Telcom, a fiber optic broadband service provider for commercial and residential customers in Ohio and adjacent states, to Glo Fiber. Horizon was acquired by Shentel in April 2024.

Portfolio Pulse from Benzinga Newsdesk

April 15, 2024 | 8:57 pm

MSFT

Former Microsoft Corp. (NASDAQ:MSFT) Blizzard President Mike Ybarra suggested adding a tipping feature to video games, allowing players to directly tip developers of games they love. The idea has received mixed reactions, with some supporting the direct support to developers, while others are concerned about the potential for platforms to take a cut of these tips. The suggestion comes amid discussions on better supporting developers, including unionization, in the face of industry layoffs and studio closures.

Portfolio Pulse from Franca Quarneti

April 15, 2024 | 8:46 pm