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Regulatory

GBTC

Bitcoin climbed above $67,500 despite $200 million outflows from U.S. Bitcoin spot ETFs, primarily driven by Grayscale’s Bitcoin Trust (GBTC). The total net asset value of all U.S. Bitcoin spot ETFs has dipped below $60 billion. The market is awaiting the FOMC interest rate decision.

Portfolio Pulse from Murtuza Merchant

June 12, 2024 | 10:04 am

BYDDF

FXI

LI

NIO

TSLA

VGK

XPEV

The European Commission will impose additional duties of up to 25% on imported Chinese electric vehicles starting next month. This move could impact several car makers and ETFs with exposure to the Chinese EV market.

Portfolio Pulse from Benzinga Newsdesk

June 12, 2024 | 9:33 am

CLSK

RIOT

Europol's new report criticizes the cryptocurrency mining industry for being vulnerable to financial crimes, including money laundering and cryptojacking. Despite this, former President Donald Trump has shown support for Bitcoin miners, meeting with executives from Riot Platforms Inc. and CleanSpark Inc. to discuss the future of Bitcoin mining in the U.S.

Portfolio Pulse from Aniket Verma

June 12, 2024 | 8:40 am

BLTE

Belite Bio announced that its lead pipeline drug, Tinlarebant, has been granted Sakigake designation by Japan's Ministry of Health, Labour and Welfare for the treatment of STGD1.

Portfolio Pulse from Benzinga Newsdesk

June 12, 2024 | 7:26 am

LLY

NVDA

NVO

Jim Cramer has expressed strong confidence in Eli Lilly (NYSE: LLY), citing its diverse drug portfolio and recent FDA advisory panel endorsement of its Alzheimer's drug, donanemab. Cramer believes this could propel the company's valuation to a trillion dollars. The FDA panel's recommendation is seen as a positive step towards full approval, boosting investor sentiment.

Portfolio Pulse from Benzinga Neuro

June 12, 2024 | 3:52 am

CLSK

RIOT

Former President Donald Trump has expressed his support for Bitcoin miners, meeting with executives from CleanSpark Inc. and Riot Platforms Inc. at Mar-a-Lago. This endorsement comes amid criticism of crypto mining's environmental impact and as Trump positions himself as a pro-crypto candidate for the 2024 U.S. presidential election.

Portfolio Pulse from Aniket Verma

June 12, 2024 | 2:45 am

AAPL

BTCUSD

DOGEUSD

ETHUSD

Leading cryptocurrencies, including Bitcoin, Ethereum, and Dogecoin, experienced a sharp decline ahead of the Federal Reserve's interest rate decision. The S&P 500 and Nasdaq 100 closed at record highs, led by a significant surge in Apple Inc. (AAPL). Analysts suggest that the cryptocurrency market often corrects before such events and may resume its uptrend afterward.

Portfolio Pulse from Aniket Verma

June 12, 2024 | 2:02 am

PEGY

Trading for PEGY was halted at 7:50:00 p.m. ET due to pending news.

Portfolio Pulse from Benzinga Newsdesk

June 11, 2024 | 11:50 pm

CRKN

Crown Electrokinetics shares are trading higher after the company announced that its request for continued listing on the Nasdaq was approved.

Portfolio Pulse from Benzinga Newsdesk

June 11, 2024 | 8:45 pm

CRKN

Crown Electrokinetics (CRKN) has received approval from Nasdaq for continued listing, contingent on meeting all applicable criteria by July 23, 2024.

Portfolio Pulse from Benzinga Newsdesk

June 11, 2024 | 8:44 pm