Streetbeat News

Regulatory

BTCUSD

CNBC's Mad Money host Jim Cramer labels Binance a 'sham' amid the SEC lawsuit against the cryptocurrency exchange and its founder Changpeng Zhao for alleged securities violations. Cramer warns crypto investors to work in overdrive as the SEC's case highlights systemic issues within the industry.

Portfolio Pulse from Mehab Qureshi

June 06, 2023 | 9:50 am

FENC

Fennec Pharmaceuticals has received marketing authorization from the European Commission for Pedmarqsi, the first and only approved therapy in the EU for preventing hearing loss in pediatric oncology patients aged 1 month to <18 years. Pedmarqsi was granted authorization under the paediatric-use marketing authorization (PUMA), which includes 8 years plus 2 years of data and market protection.

Portfolio Pulse from Benzinga Newsdesk

June 06, 2023 | 9:45 am

BNO

VDE

Oil prices slid on Tuesday due to concerns over the global economy, overshadowing Saudi Arabia's unexpected production cut announcement. The fall in oil prices is unfavorable for Saudi Arabia, which requires oil prices above $80 per barrel to balance its budget, according to an IMF report.

Portfolio Pulse from Bhavik Nair

June 06, 2023 | 9:09 am

BTCUSD

The cryptocurrency market tumbled following the SEC's lawsuit against Binance, resulting in over $300 million of losses in liquidations within 24 hours. Long positions accounted for $274 million of the losses, marking the largest level of long liquidations in at least three months. Bitcoin traders were hit the hardest, with losses totaling almost $111 million.

Portfolio Pulse from Mehab Qureshi

June 06, 2023 | 6:06 am

DOGEUSD

The SEC has charged Binance and its founder Changpeng Zhao for alleged securities violations, prompting reactions from crypto community figures like Jack Dorsey and Dogecoin co-founder Billy Markus. The outcome of the lawsuit may impact the future of cryptocurrencies.

Portfolio Pulse from Mehab Qureshi

June 06, 2023 | 4:46 am

BTCUSD

ETHUSD

Ethereum co-founder Jeffrey Wilcke transferred 22,000 ETH ($41.1 million) to Kraken exchange hours after the SEC filed charges against Binance for alleged securities violations. Wilcke's address still holds over 150,000 ETH ($280 million).

Portfolio Pulse from Mehab Qureshi

June 06, 2023 | 3:41 am

AAPL

CJET

COIN

GTLB

TSLA

US markets closed in the red on Monday, with Tesla, Apple, Gitlab, Chijet, and Coinbase stocks drawing investor attention. Tesla's China sales increased, Apple unveiled its Apple Vision Pro, Gitlab reported a 45% YoY revenue increase, Chijet experienced post-IPO volatility, and Coinbase faced a lawsuit by the SEC.

Portfolio Pulse from Bhavik Nair

June 06, 2023 | 1:22 am

TSLA

The issue of age is becoming a focal cause of concern amongst government officials and the U.S. electorate as President Joe Biden and former President Donald Trump are their political parties' favorites for the 2024 election. A recent Ipsos poll showed 53% of those surveyed said that Trump was 'too old to work in government,' with 73% saying the same for Biden. Tesla CEO Elon Musk proposed an age limit of 70 for presidents.

Portfolio Pulse from Natan Ponieman

June 05, 2023 | 10:30 pm

BTCUSD

The Digital Assets Mining Energy (DAME) excise tax, which proposed taxing crypto miners 10% of the cost of electricity used for Bitcoin mining in 2024 and 30% in 2026, has been dropped from a US bill. GoMining CEO Mark Zalan discussed the future of the crypto mining industry, the need for a unified regulatory framework, and the company's efforts to combine mining with NFTs and yield-bearing tokens.

Portfolio Pulse from Justin Roberti

June 05, 2023 | 10:02 pm

LSDI

WSNAF

Richard Nanula, CEO of Lucy Scientific (NASDAQ:LSDI), discusses his career and the company's focus on the psychedelic industry. Lucy Scientific has diversified its portfolio, acquiring drug developer Wesana Health Holdings (OTC:WSNAF) and partnering with High Times. Nanula emphasizes adaptability and readiness to confront new business frontiers.

Portfolio Pulse from Benzinga Cannabis

June 05, 2023 | 9:59 pm