Streetbeat News

Regulatory

SHIBUSD

Shiba Inu (CRYPTO: SHIB) is trading higher by roughly 3.1% following a report suggesting the U.S. federal appeals court ruled the SEC was wrong to reject Grayscale's spot bitcoin ETF application. The positive regulatory news could increase interest in cryptocurrencies as a whole and shape the perception that regulators are becoming more open to cryptocurrency-related investment products.

Portfolio Pulse from Henry Khederian

August 29, 2023 | 3:42 pm

AAPL

Apple Inc. is diversifying its supply chain towards India and Vietnam amid US-China tensions, showing support for the 'right to repair' movement, and potentially introducing a game-changing design with iPhone 15. These moves could impact product pricing, expose Apple to potential lawsuits, and increase competition in the smartphone market.

Portfolio Pulse from Mohit Manghnani

August 29, 2023 | 3:41 pm

COIN

GBTC

The U.S. Securities and Exchange Commission (SEC) is reviewing the court's decision regarding the Grayscale Bitcoin ETF, according to a spokesperson cited by Reuters. The SEC will determine the next steps based on this review.

Portfolio Pulse from Happy Mohamed

August 29, 2023 | 3:38 pm

DOGEUSD

Dogecoin (CRYPTO: DOGE) is trading higher by 5.7% following a report that the U.S. federal appeals court ruled the SEC was wrong to reject Grayscale's spot bitcoin ETF application. This positive regulatory development could boost overall market sentiment and lead to increased interest and investment in cryptocurrencies, including Dogecoin.

Portfolio Pulse from Henry Khederian

August 29, 2023 | 3:34 pm

COIN

MARA

RIOT

Shares of Marathon Digital Holdings Inc (MARA), Riot Platforms Inc (RIOT) and Coinbase Global, Inc. (COIN) are trading higher following a report that the U.S. federal appeals court ruled the SEC was wrong to reject Grayscale's spot bitcoin ETF application. This ruling could be seen as a positive development for the cryptocurrency industry, potentially leading to increased optimism among investors and a growing acceptance of cryptocurrencies by regulatory bodies.

Portfolio Pulse from Henry Khederian

August 29, 2023 | 3:33 pm

BTCUSD

ETHUSD

TWTR

Social media platform X, formerly known as Twitter, has obtained a Rhode Island Currency Transmitter License, enabling it to provide crypto payments and trading services in the US. This will allow the platform to store, transfer, and exchange digital assets for its users. X has previously incorporated crypto features such as Bitcoin tips and support for NFTs as profile pictures.

Portfolio Pulse from Happy Mohamed

August 29, 2023 | 3:23 pm

CACO

Caravelle International Group has regained compliance with Nasdaq's filing requirements. The company had previously been at risk of being delisted due to non-compliance.

Portfolio Pulse from Benzinga Newsdesk

August 29, 2023 | 3:15 pm

BLK

COIN

GBTC

WT

A federal court has ordered the U.S. SEC to review its rejection of Grayscale Investments’ attempt to convert the Grayscale Bitcoin Trust (GBTC) into an ETF. The court stated that the SEC failed to adequately explain why it approved the listing of two bitcoin futures ETPs but not Grayscale’s proposed bitcoin ETP. This decision comes after several institutions, including BlackRock, WisdomTree, and Coinbase Global, filed applications for spot bitcoin ETFs.

Portfolio Pulse from Anusuya Lahiri

August 29, 2023 | 3:13 pm

HCM

HUTCHMED's Savolitinib has been granted Breakthrough Therapy Designation in China, leading to a rise in the company's shares.

Portfolio Pulse from Benzinga Newsdesk

August 29, 2023 | 3:02 pm

LI

Shares of Li Auto Inc (NASDAQ:LI) are trading higher by 7.9% following strong earnings from PDD Holdings and measures taken by Chinese authorities to boost investor confidence, including a cut to taxes on stock trading. PDD Holdings reported a 66% YoY revenue growth to $7.21 billion, beating the consensus of $6.07 billion. Li Auto has a 52-week high of $47.33 and a 52-week low of $12.52.

Portfolio Pulse from Henry Khederian

August 29, 2023 | 2:53 pm