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Regulatory

BTCUSD

FLOKIUSD

Floki's protocol’s token, TokenFi (TOKEN), has surged by 40% amid controversy surrounding market manipulation. The teams behind the Floki protocol and Bitget crypto exchange have accused each other of market manipulation surrounding the listing. Floki’s team claims that Bitget listed the token before its official launch, while Bitget accused the Floki team of suspected market manipulation by exerting control over the initial liquidity and delisted the token.

Portfolio Pulse from Mehab Qureshi

November 01, 2023 | 5:59 am

GOOGL

The ongoing antitrust trial against Alphabet Inc. (NASDAQ:GOOGL) has revealed internal conflicts between Google's search and advertisement teams during the company's 'Code Yellow' period in 2019. The company declared a 'Code Yellow' emergency when it feared not meeting the search revenue targets for that quarter. The trial is examining whether Google has unlawfully sustained its monopoly by spending vast amounts to stifle competition and retain its online search dominance.

Portfolio Pulse from Benzinga Neuro

November 01, 2023 | 4:50 am

EWA

Australia's Building Approvals for September have been reported at -4.6%, lower than the estimated 1.3% and the revised prior of 8.1%.

Portfolio Pulse from Benzinga Newsdesk

November 01, 2023 | 4:46 am

FXI

China's Caixin Manufacturing Purchasing Managers Index (PMI) for October was reported at 49.5, lower than the estimated 50.8 and the prior figure of 50.6. This indicates a contraction in the manufacturing sector.

Portfolio Pulse from Benzinga Newsdesk

November 01, 2023 | 4:45 am

META

Billionaire investor Bill Ackman has urged social media platforms, including Elon Musk's X (formerly Twitter), Mark Zuckerberg's Instagram and Facebook, and ByteDance-owned TikTok, to address divisive algorithms that amplify hate. Ackman suggested that these platforms should work towards finding a common ground and that TikTok, which he accused of manipulating public opinion, should probably be banned. The EU's regulatory bodies have been monitoring content on X and Meta Platforms Inc.'s platforms that might incite violence.

Portfolio Pulse from Ananya Gairola

November 01, 2023 | 4:42 am

TSLA

Tesla Inc (NASDAQ:TSLA) has been cleared in a court case alleging that its Autopilot system was responsible for a fatal Model 3 crash in Los Angeles in 2019. The jury concluded that the vehicle did not have a manufacturing defect. This is the first U.S. trial to allege that Tesla’s autopilot feature led to a death. The company is facing other probes regarding its autopilot capabilities from the National Highway Traffic Safety Administration and the U.S. Department of Justice.

Portfolio Pulse from Anan Ashraf

November 01, 2023 | 4:35 am

BTCUSD

AI-related tokens including The Graph’s GRT, Fetch.AI, SingularityNET’s AGIX, and Ocean Protocol’s OCEAN have seen a decrease in price following President Joe Biden’s Executive Order on AI use. The order aims to address potential threats associated with AI technology. Render, Fetch.AI and Singularity Network have experienced declines of 5%, 1.5% and 5.2% respectively. Bitcoin (CRYPTO: BTC) was trading at $34,281 up 0.20% in the last 24 hours.

Portfolio Pulse from Mehab Qureshi

November 01, 2023 | 4:14 am

BTCUSD

Gary Gensler, the Chair of the Securities and Exchange Commission (SEC), wished Satoshi Nakamoto, the creator of Bitcoin, on the 15th anniversary of Bitcoin’s white paper. He also reminded crypto companies to adhere to securities laws. During Gensler’s tenure as SEC chair, the regulatory agency has taken action against cryptocurrency companies such as Binance, Coinbase, and Kraken. Bitcoin was trading at $34,281, up 0.20% in the last 24 hours.

Portfolio Pulse from Mehab Qureshi

November 01, 2023 | 3:43 am

BA

Boeing Co (NYSE:BA) has abandoned its plans to operate a satellite constellation in low Earth orbit, similar to SpaceX's Starlink. Boeing had received approval for a 147-member V-band satellite constellation in November 2021, but has now given up its license and paid a $2.2 million forfeiture fee to the FCC. Boeing is also struggling with its Starliner spacecraft, with the first crewed flight pegged for 2024, while SpaceX is preparing for its eighth operational crew rotation to the ISS.

Portfolio Pulse from Anan Ashraf

November 01, 2023 | 2:58 am

BTCUSD

DOGEUSD

ETHUSD

Major cryptocurrencies had a mixed performance on Tuesday, with investors optimistic about potential approval of Bitcoin ETFs in the US. Bitcoin experienced its strongest monthly rally since January, surging more than 27% to reach a 17-month high of $35,000. The market is currently anticipating the Federal Reserve’s upcoming interest rate decision. Bitcoin ETFs could significantly impact bitcoin due to their accessibility for the average investor. Crypto analyst Michael Van De Poppe suggests that altcoins are experiencing an upward correction, while Bitcoin shows ongoing strength.

Portfolio Pulse from Mehab Qureshi

November 01, 2023 | 2:46 am