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A 2018 video of SEC Chairman Gary Gensler has resurfaced, in which he states that Bitcoin, Ethereum, Litecoin, and Bitcoin Cash are not securities. This comes amid the SEC's crackdown on cryptocurrency exchanges Coinbase and Binance over the trading of unregistered securities.

Portfolio Pulse from Mehab Qureshi

June 13, 2023 | 5:29 am

QQQ

SPY

Allianz chief economic adviser Mohamed El-Erian believes the Federal Reserve has three primary options for interest rates, but none are optimal. He argues that recent data favors a rate hike and that the central bank should raise rates by 0.25 percentage points if it is genuinely data-dependent and committed to its 2% inflation target.

Portfolio Pulse from Bhavik Nair

June 13, 2023 | 4:27 am

BTCUSD

DOGEUSD

LTCUSD

A solo Bitcoin miner with limited processing power has successfully mined a block on the Solo CKPool platform, valued at 6 BTC or $160,000. This accomplishment is noteworthy as the odds of achieving this were approximately 1:5,500, and it would typically take around 450 years for a miner of this size.

Portfolio Pulse from Mehab Qureshi

June 13, 2023 | 4:19 am

TSLA

A Tesla user reported that the Full Self-Driving Beta v11.4.3 upgrade did not resolve their issue with the vehicle taking exits when it shouldn't. Despite Elon Musk's assurance of improvements, the problem remains unresolved.

Portfolio Pulse from Anan Ashraf

June 13, 2023 | 3:24 am

BTCUSD

DOGEUSD

ETHUSD

Major cryptocurrencies traded mixed on Monday evening after the SEC filed lawsuits against Binance and Coinbase. Investors are now focusing on the upcoming May CPI release and the Federal Reserve's interest rate decision. Crypto market capitalization has fallen below key indicators, signaling potential further downward momentum.

Portfolio Pulse from Mehab Qureshi

June 13, 2023 | 2:59 am

AMD

MSFT

NVDA

QQQ

SPY

TSM

Fidelity's Jurrien Timmer believes the market is almost in a new bull run, with an improving earnings outlook. Tech stocks like NVIDIA, AMD, Taiwan Semiconductor, and Microsoft have registered significant gains since the start of 2023. The SPDR S&P 500 ETF Trust and Invesco QQQ Trust Series 1 have also seen gains.

Portfolio Pulse from Bhavik Nair

June 13, 2023 | 2:33 am

ARKK

ARKQ

ARKW

GM

META

TSLA

Cathie Wood's ARK Investment Management sold over 393,000 Tesla shares worth $98 million ahead of potential market volatility due to the upcoming Federal Reserve policy announcement. The sale was conducted through ARK Innovation ETF, ARK Autonomous Technology & Robotics ETF, and ARK Next Generation Internet ETF.

Portfolio Pulse from Bhavik Nair

June 13, 2023 | 1:15 am

VRNOF

Verano Holdings Corp. has secured an Integrated Facility License in Alabama, allowing it to operate a cultivation and processing facility and five retail cannabis dispensaries. The Alabama cannabis market is projected to reach sales of up to $695 million by 2028.

Portfolio Pulse from Joana Scopel

June 13, 2023 | 12:11 am

LSDI

WSNAF

Wesana Health Holdings (OTCQB:WSNAF) shareholders approved the sale of its SANA-013 development-related assets and other related assets to Lucy Scientific Discovery (NASDAQ:LSDI) and Lucy Scientific Discovery USA Inc. SANA-013 is a proprietary drug delivery protocol using a combination of psilocybin and CBD for the treatment of Major Depressive Disorder.

Portfolio Pulse from Lara Goldstein

June 12, 2023 | 10:53 pm

MANU

Manchester United shares are trading higher after reports of a successful acquisition bid by Qatari investors.

Portfolio Pulse from Benzinga Newsdesk

June 12, 2023 | 9:46 pm