Streetbeat News

Regulatory

BTCUSD

BUSDUSD

COIN

Since Gary Gensler took office as the Chairman of the U.S. Securities and Exchange Commission (SEC) in April 2021, Bitcoin's value has decreased by 56.6%. Gensler, known for his stance on cryptocurrency regulation, has faced opposition from the industry and calls for his removal. The SEC has also clashed with cryptocurrency platforms such as Coinbase Global and Binance.

Portfolio Pulse from Chris Katje

September 28, 2023 | 8:53 pm

FTTUSD

FTX founder Sam Bankman-Fried has been denied bail and will remain in jail throughout his trial proceedings. Despite multiple attempts by his legal team to secure his release, the judge has remained skeptical of the defense's arguments. This news comes as the cryptocurrency world prepares for Benzinga's Future of Digital Assets conference.

Portfolio Pulse from Murtuza Merchant

September 28, 2023 | 8:44 pm

ITA

The U.S. State Department is preparing for a possible government shutdown due to disagreements over spending levels for fiscal year 2024. In the event of a shutdown, nonessential official travel and events would be scaled back, and some foreign aid programs may face funding shortages. The defense and aviation industry, including the iShares U.S. Aerospace & Defense ETF (NYSE:ITA), could be significantly impacted.

Portfolio Pulse from Piero Cingari

September 28, 2023 | 8:39 pm

GT

Goodyear Tire & Rubber Co (GT) has announced that it will provide an estimated impact to 2024 after confirming the restoration schedule, according to an 8K filing.

Portfolio Pulse from Benzinga Newsdesk

September 28, 2023 | 8:37 pm

MA

PYPL

PayPal (NASDAQ:PYPL) has filed a patent application for a system that would enable the transfer and trading of non-fungible tokens (NFTs) within its network. The system aims to facilitate off-chain transactions through NFTs in a market platform, offer digital wallets associated with the NFT marketplace, and allow users to buy and sell NFTs using fiat currency or other cryptocurrencies. Mastercard (NYSE:MA), a PayPal competitor, has also filed 15 NFT and metaverse trademark applications.

Portfolio Pulse from Khyathi Dalal

September 28, 2023 | 8:36 pm

ZJYL

Jin Medical International Limited has received a Nasdaq notification letter regarding noncompliance with continued listing rule 5550(a)(3).

Portfolio Pulse from Benzinga Newsdesk

September 28, 2023 | 8:33 pm

PTCT

PTCT Therapeutics has announced a strategic prioritization and associated reduction in workforce. The company is also planning to submit a re-examination request for Translarna CHMP opinion.

Portfolio Pulse from Benzinga Newsdesk

September 28, 2023 | 8:31 pm

OPGN

OpGen has requested the SEC to consent to the withdrawal of the registration statement on Form S-1. The registration statement has not been declared effective, and no securities covered have been issued or sold.

Portfolio Pulse from Benzinga Newsdesk

September 28, 2023 | 8:30 pm

ASTR

Astra has regained compliance with Nasdaq listing standards by curing its bid price deficiency. This means that the company's stock will continue to be listed on the Nasdaq exchange.

Portfolio Pulse from Benzinga Newsdesk

September 28, 2023 | 8:22 pm

BTTX

Better Therapeutics (NASDAQ:BTTX) has completed the enrollment of 1,000 participants across two studies for its ongoing clinical program to evaluate the long-term effectiveness of AspyreRx, a prescription digital therapeutic (PDT) for type 2 diabetes. The studies will assess the impact on medication use and healthcare utilization one year after beginning treatment with AspyreRx. The company plans to share initial 6-month data by the end of 2023 and expects AspyreRx to be commercially available in Q4 of this year.

Portfolio Pulse from Benzinga Newsdesk

September 28, 2023 | 8:19 pm