Streetbeat News

Regulatory

BTCUSD

ETHUSD

XLMUSD

Stellar (XLM) and Ripple's XRP experienced significant surges of 51% and 60% respectively, outperforming Bitcoin and Ethereum. This follows a court ruling that determined XRP to be an investment contract when sold to institutional investors, which has been perceived positively by investors. Major US exchanges including Coinbase, Kraken, iTrustCapital, and possibly Gemini, are relisting XRP on their trading platforms.

Portfolio Pulse from Mehab Qureshi

July 14, 2023 | 4:06 am

BTCUSD

DOGEUSD

ETHUSD

Major cryptocurrencies surged after a court ruling partially favored Ripple Inc, stating that the XRP token is not a security in relation to programmatic sales on digital asset exchanges. However, the institutional sale of XRP can be categorized as a security when sold to institutional investors. Following the ruling, XRP's value increased by 96% to $0.93. Analysts believe that this victory for XRP is more bullish than any ETF filings. The global crypto market capitalization increased by 6.52% to $1.26 trillion.

Portfolio Pulse from Mehab Qureshi

July 14, 2023 | 2:37 am

COIN

JPM

LUNR

NKLA

TSLA

Five US stocks that gained attention from retail traders and investors are Coinbase Global, Inc. (COIN), Intuitive Machines, Inc. (LUNR), Tesla Inc. (TSLA), JPMorgan Chase & Co. (JPM), and Nikola Corp. (NKLA). COIN shares rose after a US judge ruled that Ripple sales do not constitute an offer of investment contracts. LUNR shares fell despite a successful test run of its Nova-C lunar lander. TSLA shares rose amid reports of a new production plant in India. JPM shares rose ahead of its Q2 financial results. NKLA shares rose after announcing an agreement with BayoTech.

Portfolio Pulse from Benzinga Neuro

July 14, 2023 | 1:48 am

ETHUSD

ZTX, a blockchain initiative backed by Jump Crypto and ZEPETO, is launching on Arbitrum, a Layer-2 scaling solution for Ethereum. ZTX is creating a virtual world for social interactions, gaming, and digital asset creation and trading. The first beta of the application is expected to go live in the coming weeks. ZTX also plans to conduct its Genesis Home Mint, offering a unique collection of 3D District Homes equipped with benefits such as governance and special access to future drops, events, and games.

Portfolio Pulse from Murtuza Merchant

July 13, 2023 | 10:32 pm

ELAN

Elanco has announced that the Environmental Protection Agency (EPA) has completed its multi-year review of the Seresto Flea and Tick Collar, confirming its continued registration. Since its launch in 2013, over 41 million Seresto collars have been sold in the U.S.

Portfolio Pulse from Benzinga Newsdesk

July 13, 2023 | 9:26 pm

MEI

Methode Electronics is discontinuing its Dabir Surfaces business. The company expects the wind down process to be completed by the end of fiscal 2024, with associated costs to fiscal year 2024 pre-tax income estimated between $1.5 million and $3.5 million.

Portfolio Pulse from Benzinga Newsdesk

July 13, 2023 | 9:16 pm

DOGEUSD

SHIBUSD

XRPUSD

Shiba Inu (CRYPTO: SHIB) and Dogecoin (CRYPTO: DOGE) both saw over 6% increases during Thursday's 24-hour trading session, following a US judge's ruling that Ripple's sales of the XRP token (CRYPTO: XRP) do not constitute an offer of investment contracts. Shiba Inu's uptrend was confirmed when it surpassed the July 9 lower high of $0.00000781. The crypto's move higher was on higher-than-average volume, suggesting increased interest.

Portfolio Pulse from Melanie Schaffer

July 13, 2023 | 9:13 pm

COIN

XRPUSD

A U.S. District Judge ruled that the sale of the XRP token by Ripple is not an offer of “investment contracts”, and therefore not a security. This ruling has led to a significant increase in the price of XRP and has resulted in cryptocurrency exchanges, including Coinbase Global, adding the token back after prior delistings. The case between the SEC and Ripple remains active.

Portfolio Pulse from Chris Katje

July 13, 2023 | 9:09 pm

BTCUSD

ETHUSD

FTX Debtors have launched an online claims portal for customers, according to Reuters. The portal will allow customers to file claims related to their investments in cryptocurrencies such as Bitcoin (BTCUSD) and Ethereum (ETHUSD).

Portfolio Pulse from Charles Gross

July 13, 2023 | 9:08 pm

AZYO

Aziyo Biologics has announced a voluntary recall of its viable bone matrix products that were treated with a product from a single donor lot. The company has not provided any details on the reason for the recall or its potential impact.

Portfolio Pulse from Benzinga Newsdesk

July 13, 2023 | 8:32 pm