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BTCUSD

Influential crypto analyst Capo warns that Bitcoin (BTC) could crash to $12,000, citing the 'beginning of the end' and a potential 'massive capitulation event'. This bearish outlook follows a market correction and legal issues faced by Binance and its former CEO, Changpeng Zhao. Bitcoin was trading at $37,369, recovering from a one-week low of $35,632. Capo also suggests altcoins could see a steeper correction if Bitcoin hits the $12,000 mark.

Portfolio Pulse from Benzinga Neuro

November 23, 2023 | 10:08 am

TSLA

A workers' strike in Sweden is disrupting Tesla Inc's (NASDAQ:TSLA) new vehicle deliveries due to a halt in the receipt of license plates. The strike, initiated by IF Metall union for collective bargaining agreements, has escalated with other unions joining in, affecting various services for Tesla. CEO Elon Musk expressed his frustration, calling the situation 'insane.' Despite the strike, Tesla reports over 90% of employees are still working. Tesla has been operating in Sweden since 2013, and the Model Y is the best-selling car model in the country this year.

Portfolio Pulse from Anan Ashraf

November 23, 2023 | 9:46 am

GOOG

TSLA

Ark Invest analyst Tasha Keeney highlighted that GM's Cruise took more risks in autonomous driving than Waymo or Tesla, with a higher crash rate per million miles. Despite the pause in Cruise operations due to safety concerns, its efforts alongside Waymo have aided regulatory approval for autonomous cars, which may benefit Tesla. Elon Musk responded, emphasizing the safety of Tesla's FSD and its future potential with Version 12 neural nets. Cruise has paused operations to rebuild trust and undergo safety reviews, planning a relaunch in one city.

Portfolio Pulse from Anan Ashraf

November 23, 2023 | 8:44 am

BTCUSD

US prosecutors are opposing former Binance CEO Changpeng Zhao's return to the UAE on a $175 million bond, citing flight risk concerns. Zhao, who stepped down as CEO after admitting to failing to maintain an effective Anti-Money Laundering program at Binance and paying a $50 million fine, is scheduled for sentencing in February 2024. The case is a significant legal action against a cryptocurrency executive. Bitcoin is currently trading at $36,344.38, down 3.11%.

Portfolio Pulse from Mehab Qureshi

November 23, 2023 | 7:01 am

TSLA

A video posted by Tesla enthusiast Jeremy Judkins, which appeared to show a Tesla Cybertruck crash test, went viral with over a million views. The video depicted the Cybertruck crashing into a wall at high speeds and shattering. However, Judkins later clarified that the video was CGI and intended as satire. Despite this, the video caused concern among viewers. This incident follows a previous instance where Tesla shared a fake Cybertruck crash test video as an April Fools' joke.

Portfolio Pulse from Anan Ashraf

November 23, 2023 | 6:26 am

DOGE-USD

NFLX

Netflix Inc. (NASDAQ:NFLX) invested $55 million in a sci-fi series 'Conquest' by filmmaker Carl Erik Rinsch, who is accused of misappropriating at least $11 million for personal trading and purchases. Rinsch gambled away $5.9 million in stocks and made $27 million from Dogecoin (CRYPTO: DOGE), later spending on luxury items. Netflix and Rinsch are engaged in a confidential arbitration, with Rinsch claiming a breach of contract and Netflix denying the claims. The project remains unfinished, and Netflix has ceased funding.

Portfolio Pulse from Ananya Gairola

November 23, 2023 | 6:22 am

BTCUSD

Changpeng Zhao, known as CZ, resigned as CEO of Binance following a $4.3 billion settlement with the US Justice Department over alleged violations. A new token named 'CZ coin' surged 4,000% on DEXs post-announcement. Richard Teng will replace CZ as CEO. Bitcoin saw a 3.11% increase in the last 24 hours.

Portfolio Pulse from Mehab Qureshi

November 23, 2023 | 3:41 am

BTCUSD

DOGEUSD

ETHUSD

Cryptocurrencies Bitcoin (BTC), Ethereum (ETH), and Dogecoin (DOGE) saw price increases amid renewed optimism for a potential spot Bitcoin ETF following the Binance settlement. Binance's $4.3 billion fine and CEO Changpeng Zhao's plea deal are seen as positive steps towards regulatory compliance, potentially easing SEC concerns and increasing the likelihood of a spot Bitcoin ETF approval. The global crypto market cap fell by 2.78%, while U.S. stocks rose, with the S&P 500 and Nasdaq climbing. The NYSE will be closed for Thanksgiving and have an early closure on Friday. Analysts suggest buying dips in altcoins and predict a rebound for Bitcoin to $40,000.

Portfolio Pulse from Mehab Qureshi

November 23, 2023 | 3:09 am

AAPL

Apple Inc.'s (NASDAQ:AAPL) iPhone 15 series has been credited with reviving the global smartphone market, which saw a 5% YoY growth in October 2023 after a 27-month slump. The growth was particularly strong in emerging markets, with the Middle East and Africa leading. Apple's market share dominance was highlighted by a previous report showing a 43% market share. The company's performance has been robust despite overall market challenges, with Apple being the only smartphone maker to register YoY shipment growth in Q3 of the previous year.

Portfolio Pulse from Ananya Gairola

November 23, 2023 | 2:58 am

ARKK

ARKW

DKNG

EXAS

GBTC

ROKU

TDOC

Ark Invest, led by Cathie Wood, purchased $12.6 million worth of Zoom Video Communications (ZM) shares after the company reported positive earnings, surpassing expectations. The shares were bought through ARK Innovation ETF (ARKK) and ARK Next Generation Internet ETF (ARKW). Ark Invest also increased its stake in Teladoc Inc (TDOC), sold shares of Exact Sciences Corp (EXAS), Draftkings Inc (DKNG), Roku Inc (ROKU), and Grayscale Bitcoin Investment Trust (GBTC).

Portfolio Pulse from Benzinga Neuro

November 23, 2023 | 2:17 am