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Regulatory

ATVI

MSFT

NTDOY

Microsoft Corp. (NASDAQ:MSFT) has released a filing stating that Activision Blizzard Inc's (NASDAQ:ATVI) decision to remove Call of Duty from Steam was a failure. The move was an attempt to grow Activision's Battle.net platform, but it did not result in an increase in active users. Microsoft used this information in its legal dispute with the Federal Trade Commission (FTC), which is trying to block Microsoft's $69 billion acquisition of Activision Blizzard.

Portfolio Pulse from Franca Quarneti

July 14, 2023 | 6:22 pm

BEKE

PDD

TAL

TME

Chinese stocks are trading lower after earlier gains due to hopes of an end to a regulatory crackdown on tech. China's exports also fell in June, potentially impacting economic sentiment.

Portfolio Pulse from Benzinga Newsdesk

July 14, 2023 | 6:02 pm

ETHUSD

A total of 6,854.19 Ether (ETH) worth $13,459,506 was burned from Ethereum transactions on Thursday. This follows the implementation of the Ethereum improvement proposal EIP-1159 on August 5th, 2021, which changed the fee model and burns a variable base fee from each transaction. Ethereum is currently issuing new Ether at a rate of 4% per year, expected to decrease to around 0.5-1% with the Ethereum 2.0 upgrade. The net annualized issuance rate for Ether was -9.07% yesterday.

Portfolio Pulse from Benzinga Insights

July 14, 2023 | 6:00 pm

MNK

Mallinckrodt has announced that its board has not yet determined the ultimate path for the company, including whether or not it will file under U.S. Bankruptcy Code or insolvency laws, according to an SEC filing.

Portfolio Pulse from Happy Mohamed

July 14, 2023 | 5:53 pm

MNK

Trading of shares in Mallinckrodt Plc has been halted due to pending news.

Portfolio Pulse from Happy Mohamed

July 14, 2023 | 5:34 pm

BTCUSD

Monochrome Asset Management, in partnership with Vasco Trustees, has revised its application with the Australian Securities Exchange (ASX) to offer a spot Bitcoin ETF, marking the first such filing under Australia's new crypto regulations. The Monochrome Bitcoin ETF (IBTC) will provide investors with direct exposure to Bitcoin. The firm's CEO, Jeff Yew, believes the launch of a Bitcoin ETF on the ASX would signal the end of the 'unregulated Wild West' era and offer a structured and protected environment for investors.

Portfolio Pulse from Murtuza Merchant

July 14, 2023 | 4:40 pm

BTCUSD

ETHUSD

Binance, a major cryptocurrency exchange, has laid off over 1,000 employees amid an ongoing investigation by the Department of Justice (DOJ).

Portfolio Pulse from Happy Mohamed

July 14, 2023 | 4:35 pm

BLK

BTCUSD

BlackRock Inc's CEO, Larry Fink, has expressed his belief that cryptocurrencies will surpass international currencies due to their global demand. BlackRock is currently filing for the establishment of the U.S's first spot Bitcoin ETF. Fink referred to cryptocurrency as 'digital gold' and a 'global asset'. He also mentioned the crucial role that Gold ETFs played in investing in that asset, expressing his hope for a similar result with cryptocurrency.

Portfolio Pulse from Murtuza Merchant

July 14, 2023 | 4:00 pm

COIN

XRPUSD

The cryptocurrency XRP Token from Ripple saw a significant increase after a U.S. judge ruled that the sale of the XRP token by Ripple is not an offer of “investment contracts.” This ruling has led to various cryptocurrency platforms, such as Coinbase Global Inc, considering reinstating XRP as a tradable cryptocurrency. Despite the sharp increase, XRP still trades far off from its all-time highs.

Portfolio Pulse from Chris Katje

July 14, 2023 | 3:51 pm

CGC

Canopy Growth's shares are trading lower after the company was informed by Nasdaq that it is not in compliance with listing rules.

Portfolio Pulse from Benzinga Newsdesk

July 14, 2023 | 3:25 pm