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Regulatory

BTCUSD

El Salvador's President Nayib Bukele reacted with laughter to the indictment of Sen. Bob Menendez, a critic of El Salvador's Bitcoin adoption, on new charges including obstruction of justice. This adds to Menendez's existing bribery charges. Menendez had co-sponsored legislation against El Salvador's Bitcoin use. Meanwhile, Bitcoin reached a new high of $69,170.63 but traded nearly flat at $65,941.32 recently.

Portfolio Pulse from Benzinga Neuro

March 07, 2024 | 11:30 am

FUFU

BitFuFu has officially filed a Form RW to withdraw its previously submitted registration statement on Form 20FR12B. This move indicates a change in the company's plans regarding its public offering or listing strategy.

Portfolio Pulse from Charles Gross

March 07, 2024 | 11:29 am

BEEM

Beam Global has been named as a supplier on the UK's CCS Spark Dynamic Purchasing System, marking its first European government supplier agreement. The CCS is a key procurement tool for UK government entities, aimed at maximizing commercial value in the procurement of common goods and services.

Portfolio Pulse from Benzinga Newsdesk

March 07, 2024 | 11:07 am

AAPL

Y Combinator co-founder Paul Graham criticized Apple Inc. (NASDAQ:AAPL) for its decision to terminate Epic Games' developer account, highlighting a broader discontent among app developers and tech personalities with Apple's policies on app store alternatives and payment options. The criticism comes amid Apple's ongoing feud with Epic Games over app store policies and payment systems, with Apple accused of non-compliance with court orders. The situation raises questions about Apple's power and its impact on developers and the tech industry.

Portfolio Pulse from Rounak Jain

March 07, 2024 | 8:42 am

BTCUSD

The Arizona Senate is considering a proposal, Senate Concurrent Resolution 1016, that could allow the state's government employee retirement funds to invest in Bitcoin ETFs and other digital asset-based ETFs. Introduced by State Sen. Jake Hoffman, Warren Petersen, and Rep. Joseph Chaplik, the resolution acknowledges Bitcoin's market surge and its significant market capitalization. It aims to explore the potential benefits and risks of including digital assets in the investment portfolios of Arizona's state pensions, which already invest in precious metals ETFs.

Portfolio Pulse from Mehab Qureshi

March 07, 2024 | 7:13 am

VLRS

Volaris reported a decrease in ASM capacity by 13.7% YoY in February 2024, attributed to Pratt & Whitney engine inspections causing aircraft groundings. RPMs fell by 10.9%, while the load factor increased to 85.9%. Passenger numbers dropped by 15.2% to 2.1 million. Domestic RPMs in Mexico decreased by 21.5%, but international RPMs rose by 13.2%.

Portfolio Pulse from Benzinga Newsdesk

March 07, 2024 | 6:46 am

GOOG

GOOGL

Google engineer Linwei Ding, employed by Alphabet Inc. (NASDAQ:GOOG) (NASDAQ:GOOGL), has been indicted for allegedly stealing AI trade secrets, including designs for Google's tensor processing unit chips and specifications for GPUs. The theft, involving over 500 confidential files, occurred between May 2022 and May 2023. Ding faces up to ten years in prison and a $250,000 fine for each of the four counts of theft if convicted. This incident is part of broader tensions between the U.S. and China over technological advancements.

Portfolio Pulse from Ananya Gairola

March 07, 2024 | 5:30 am

AAPL

Epic Games CEO Tim Sweeney criticized Apple Inc. (AAPL) for blocking Epic Games from competing with its App Store, following Apple's termination of Epic's developer account. This action prevents Epic from introducing its store and Fortnite on iOS in Europe. Sweeney highlighted the impact on future iPhone users and developers. Elon Musk reacted to Sweeney's comments, questioning Apple's decision.

Portfolio Pulse from Ananya Gairola

March 07, 2024 | 3:42 am

IBIT

Major cryptocurrencies, including Bitcoin, Ethereum, and Dogecoin, experienced significant gains, attributed to massive inflows into U.S.-listed spot Bitcoin ETFs, particularly the BlackRock iShares Bitcoin ETF (IBIT), which saw a record $788 million in investments. The global cryptocurrency market cap increased by 0.49%. Federal Reserve Chair Jerome Powell hinted at a potential lowering of interest rates, influencing stock market gains. Analysts predict strong future performance for Ethereum and Bitcoin, highlighting the potential for Ethereum's all-time high post-EIP-1559 upgrade and a Spot ETH ETF approval.

Portfolio Pulse from Mehab Qureshi

March 07, 2024 | 2:50 am

MSFT

A Microsoft Corp engineer discovered that the AI image generator Copilot Designer produces 'disturbing' content, violating responsible AI principles. Despite reporting the issue, Microsoft has not removed the product. The situation raises concerns about misinformation, especially with upcoming elections. Google also faced criticism for its AI image generator, while Microsoft's AI upgrade for 365 received mixed reviews.

Portfolio Pulse from Benzinga Neuro

March 07, 2024 | 2:31 am