Streetbeat News

Regulatory

FTMUSD

Andre Cronje, co-founder of the Fantom Foundation, has proposed a new method for issuing meme coins on the Fantom network to enhance investor safety. The proposal includes measures such as the Fantom Foundation acting as a signer for token liquidity pools, allocating up to 5% of tokens for team expenses, 85% for an FTM/token liquidity pool, and a maximum of 10% for marketing. This initiative aims to mitigate risks associated with meme coins, such as token sell-offs and liquidity withdrawal, by ensuring more controlled and fair token distribution.

Portfolio Pulse from Khyathi Dalal

April 09, 2024 | 3:50 pm

ETH

SOL

USDC

USDT

A Bernstein report highlights Solana's (SOL) emerging lead in blockchain payments over Ethereum (ETH), attributing it to Solana's streamlined architecture and efficiency in stablecoin settlements. Despite challenges in scalability and network congestion, Solana's advancements and the broader stablecoin market's growth, dominated by USDC and Tether (USDT), indicate a significant shift in digital payments. The report also notes the increasing adoption of stablecoins by major payment processors and fintech platforms.

Portfolio Pulse from Murtuza Merchant

April 09, 2024 | 3:38 pm

LI

NIO

XPEV

Chinese EV stocks, including LI, NIO, and XPEV, are experiencing an uptick in trading, driven by broader strength in Chinese markets. This trend may be influenced by US Treasury Secretary Yellen's upcoming visit to China and anticipated inflation data.

Portfolio Pulse from Benzinga Newsdesk

April 09, 2024 | 3:32 pm

NMTC

NeuroOne announced the first implant of its OneRF Ablation Electrodes, marking a significant milestone. This FDA-cleared system is the first thin-film, sEEG-guided RF system capable of recording electrical activity and ablating nervous tissue, featuring temperature control.

Portfolio Pulse from Benzinga Newsdesk

April 09, 2024 | 3:31 pm

SOL

Crypto trader Avi Eisenberg is on trial for fraud and manipulation related to his October 2022 actions on the Mango Markets DeFi platform on the Solana blockchain. The case, which involves a $110 million extraction via the platform's MNGO token, could redefine legal and ethical standards in decentralized finance. The trial will explore complex issues of market manipulation within DeFi, with implications for future regulation.

Portfolio Pulse from Murtuza Merchant

April 09, 2024 | 2:43 pm

ALK

UAL

United Airlines Holdings Inc (NASDAQ:UAL) is delaying the launch of two new routes due to growth constraints amid a safety review by the FAA. The Newark to Faro route is postponed to summer 2025, and the Tokyo to Cebu route is rescheduled for October 27. The FAA's enhanced oversight follows recent safety incidents, including an Alaska Air Group, Inc. (NYSE:ALK) incident. United is offering full refunds or rebooking to affected customers. UAL shares traded higher by 0.51% at $43.53.

Portfolio Pulse from Shivani Kumaresan

April 09, 2024 | 2:29 pm

VFF

Village Farms International has regained compliance with Nasdaq's listing requirements, ensuring its continued listing on the exchange. This development is crucial for maintaining investor confidence and the company's visibility in the market.

Portfolio Pulse from Benzinga Newsdesk

April 09, 2024 | 2:09 pm

SIDU

Sidus Space has been granted a U.S. patent (#11951684) for a three-dimensional print head apparatus, marking a significant achievement in the company's innovation and intellectual property portfolio. This patent could enhance Sidus Space's capabilities in manufacturing and space technology, potentially opening new avenues for growth and partnerships.

Portfolio Pulse from Charles Gross

April 09, 2024 | 1:52 pm

HLLY

Holley Inc. has been ordered to disgorge $2 million in profits deemed ill-gotten, following a regulatory ruling. This decision impacts the company's financial standing and could influence investor perception.

Portfolio Pulse from Benzinga Newsdesk

April 09, 2024 | 1:31 pm

MYMD

MyMD Pharmaceuticals, Inc. (MYMD) entered into an Omnibus Waiver and Amendment Agreement with certain accredited investors, deferring payment due dates and waiving breaches under a previously announced Securities Purchase Agreement. This agreement also includes amendments to the Certificate of Designations, allowing Preferred Shareholders voting rights with Common Stockholders and the right to elect one director by June 30, 2024.

Portfolio Pulse from Benzinga Newsdesk

April 09, 2024 | 1:30 pm