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LUNAUSD

LUNCUSD

Terraform Labs and its founder Do Kwon have agreed to a $4.47 billion settlement with the SEC after being found guilty of defrauding cryptocurrency investors during the Terra (LUNA) collapse. The judgment includes $4.05 billion of disgorgement and a $420 million civil fine, but much of this is unlikely to be paid due to Terraform's bankruptcy. Kwon is banned from cryptocurrency transactions and must transfer $204.3 million to Terraform's bankruptcy estate.

Portfolio Pulse from Aniket Verma

June 13, 2024 | 5:46 am

BTCUSD

DOGEUSD

ETHUSD

Leading cryptocurrencies like Bitcoin, Ethereum, and Dogecoin saw a brief surge following favorable inflation data and the Federal Reserve's rate pause. However, the uptrend was short-lived due to hawkish comments from Fed Chair Jerome Powell. Despite the initial spike, Bitcoin's Open Interest dropped, indicating short covering by sellers. The cryptocurrency fear and greed index showed 'Greed,' suggesting FOMO is still prevalent.

Portfolio Pulse from Aniket Verma

June 13, 2024 | 1:51 am

NAAS

Trading for NAAS was halted at 7:50:00 p.m. ET due to pending news. Investors should stay tuned for further updates.

Portfolio Pulse from Benzinga Newsdesk

June 12, 2024 | 11:50 pm

AZN

AstraZeneca's FARXIGA (Dapagliflozin) has received FDA approval to improve glycemic control in pediatric patients with Type-2 Diabetes aged 10 years and older. This approval is based on positive results from the pediatric T2NOW Phase III trial.

Portfolio Pulse from Benzinga Newsdesk

June 12, 2024 | 9:38 pm

MAPS

Weedmaps (NASDAQ:MAPS) has released data on New York's cannabis market for Q1 2024, revealing consumer preferences and spending habits. Cannabis flower is the most popular product, with edibles also seeing high demand. The average order value in New York is significantly higher than the national average. Weedmaps is actively involved in community initiatives and supporting the legal market transition. New York has also approved home cannabis cultivation rules and issued 105 new adult-use licenses.

Portfolio Pulse from Patricio Liddle

June 12, 2024 | 9:26 pm

AEE

Ameren's subsidiary has received approval from the Missouri Public Service Commission to purchase a 150-MW solar facility currently under construction in Cass County, Illinois.

Portfolio Pulse from Benzinga Newsdesk

June 12, 2024 | 8:35 pm

CARA

Trading for Cara Therapeutics (CARA) was halted and then resumed at 4:15 PM ET. The halt was due to pending news, which has now been released, allowing trading to continue.

Portfolio Pulse from Benzinga Newsdesk

June 12, 2024 | 8:15 pm

BTCUSD

DOGEUSD

ETHUSD

SOLUSD

Cryptocurrency markets initially surged on positive CPI data but retraced after a hawkish FOMC press conference. Bitcoin, Ethereum, and Dogecoin saw notable price movements. Key statistics include high short liquidations and increased large transaction volumes. Ethereum is considered undervalued by some traders, while Solana and Ripple ETFs are unlikely in the near future.

Portfolio Pulse from Khyathi Dalal

June 12, 2024 | 8:13 pm

TEL

TE Connectivity Ltd. (NYSE:TEL) shareholders approved proposals at a special general meeting, paving the way for a merger with its subsidiary, TE Connectivity plc, and changing the company's jurisdiction from Switzerland to Ireland by September 30, 2024.

Portfolio Pulse from Benzinga Newsdesk

June 12, 2024 | 8:12 pm

SPY

The S&P 500 closed higher following soft inflation data, and the Federal Reserve decided to leave interest rates unchanged.

Portfolio Pulse from Benzinga Newsdesk

June 12, 2024 | 8:03 pm