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Over $33M worth of XRP shorts were liquidated in the past 12 hours following a court ruling in favor of Ripple Labs. The ruling stated that the XRP token is not considered a security. This led to a surge in whale activity on the XRP network, with 637 transactions valued at over $100,000 each recorded in the last 24 hours. XRP's price increased by 62% in the last 24 hours.

Portfolio Pulse from Mehab Qureshi

July 14, 2023 | 4:23 am

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Stellar (XLM) and Ripple's XRP experienced significant surges of 51% and 60% respectively, outperforming Bitcoin and Ethereum. This follows a court ruling that determined XRP to be an investment contract when sold to institutional investors, which has been perceived positively by investors. Major US exchanges including Coinbase, Kraken, iTrustCapital, and possibly Gemini, are relisting XRP on their trading platforms.

Portfolio Pulse from Mehab Qureshi

July 14, 2023 | 4:06 am

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Ark Invest, led by Cathie Wood, purchased over 1.4 million shares of Quantum-Si Inc (NASDAQ:QSI) valued at $3.7 million. This is the largest purchase of Quantum-Si shares by Ark Invest so far. The shares were bought through the Ark Genomic Revolution ETF (ARKG). Ark Invest also sold shares of Kratos Defense & Security (NASDAQ:KTOS), Codexis Inc (NASDAQ:CDXS), and Schrodinger Inc (NASDAQ:SDGR), and bought shares of Teradyne Inc (NASDAQ:TER).

Portfolio Pulse from Benzinga Neuro

July 14, 2023 | 3:39 am

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Major cryptocurrencies surged after a court ruling partially favored Ripple Inc, stating that the XRP token is not a security in relation to programmatic sales on digital asset exchanges. However, the institutional sale of XRP can be categorized as a security when sold to institutional investors. Following the ruling, XRP's value increased by 96% to $0.93. Analysts believe that this victory for XRP is more bullish than any ETF filings. The global crypto market capitalization increased by 6.52% to $1.26 trillion.

Portfolio Pulse from Mehab Qureshi

July 14, 2023 | 2:37 am

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Five US stocks that gained attention from retail traders and investors are Coinbase Global, Inc. (COIN), Intuitive Machines, Inc. (LUNR), Tesla Inc. (TSLA), JPMorgan Chase & Co. (JPM), and Nikola Corp. (NKLA). COIN shares rose after a US judge ruled that Ripple sales do not constitute an offer of investment contracts. LUNR shares fell despite a successful test run of its Nova-C lunar lander. TSLA shares rose amid reports of a new production plant in India. JPM shares rose ahead of its Q2 financial results. NKLA shares rose after announcing an agreement with BayoTech.

Portfolio Pulse from Benzinga Neuro

July 14, 2023 | 1:48 am

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The upcoming movie 'Mission: Impossible – Dead Reckoning Part One' will feature plots involving cryptocurrency and artificial intelligence. The movie is produced by Paramount Global (NASDAQ:PARA)(NASDAQ:PARAA) and is set to release on July 12, 2023. The movie's plot includes scenes related to Web3, with transactions involving cryptocurrency and an AI tool called 'The Entity'. The movie's themes reflect real-world concerns about the use of cryptocurrency for illegal activities and the potential risks of AI technology.

Portfolio Pulse from Chris Katje

July 13, 2023 | 11:10 pm

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The article reports on the movement of 12 consumer discretionary stocks in Thursday's after-market session. Inspirato, Visionary Education Tech, Lifetime Brands, F45 Training Holdings, Unique Fabricating, and Rent the Runway saw their stocks increase, while Leslies, Latham Group, Meten Holding Gr, Pool, Harbor Custom Dev, and JX Luxventure experienced a decrease in their stock prices.

Portfolio Pulse from Benzinga Insights

July 13, 2023 | 9:38 pm

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During Thursday's after-market session, several health care stocks experienced significant movements. Ainos (AIMD), ACADIA Pharmaceuticals (ACAD), GT Biopharma (GTBP), Centessa Pharmaceuticals (CNTA), Zynerba Pharmaceuticals (ZYNE), and Eterna Therapeutics (ERNA) saw their shares increase, with Ainos leading the gainers with an 84.9% increase. On the other hand, Theseus Pharmaceuticals (THRX), Petros Pharma (PTPI), Molecular Templates (MTEM), Bluejay Diagnostics (BJDX), Adamis Pharmaceuticals (ADMP), and Aridis Pharmaceuticals (ARDS) saw their shares fall, with Theseus Pharmaceuticals leading the losers with a 71.4% decrease.

Portfolio Pulse from Benzinga Insights

July 13, 2023 | 9:38 pm

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The article reports on the performance of 12 industrial stocks in Thursday's after-market session. Notable gainers include Intuitive Machines (LUNR), Multi Ways Holdings (MWG), Vivakor (VIVK), Caravelle International (CACO), Markforged Holding (MKFG), and ShiftPixy (PIXY). On the other hand, Highway Holdings (HIHO), American Rebel Holdings (AREB), Ault Alliance (AULT), Freight Technologies (FRGT), Nuburu (BURU), and Gaucho Group Holdings (VINO) experienced losses.

Portfolio Pulse from Benzinga Insights

July 13, 2023 | 9:38 pm

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Several information technology stocks experienced significant movement in Thursday's after-market session. Notable gainers included Frequency Electronics (NASDAQ:FEIM), SatixFy Communications (AMEX:SATX), Aehr Test Systems (NASDAQ:AEHR), WaveDancer (NASDAQ:WAVD), Borqs Technologies (NASDAQ:BRQS), and Daktronics (NASDAQ:DAKT). On the other hand, Airspan Networks Hldgs (AMEX:MIMO), D-Wave Quantum (NYSE:QBTS), Hitek Global (NASDAQ:HKIT), Alpine 4 Holdings (NASDAQ:ALPP), Remark Hldgs (NASDAQ:MARK), and Mobilicom (NASDAQ:MOB) saw their shares decrease.

Portfolio Pulse from Benzinga Insights

July 13, 2023 | 9:38 pm