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SOL

Anatoly Yakovenko, co-founder of Solana Labs, criticized the notion that meme coins like Dogwifhat and Bonk can contribute to public good, calling it nihilistic. He emphasized personal behavior change over financial contributions to good causes. His comments come as meme coins, including Dogwifhat and Bonk, see significant market traction, with Dogwifhat notably gaining on Dogecoin and Shiba Inu.

Portfolio Pulse from Benzinga Neuro

April 01, 2024 | 2:17 am

BYDDF

TSLA

XIACF

Xiaomi has entered the EV market with its SU7 sedan, receiving 120,000 orders in 36 hours, directly challenging Tesla's Model 3. The SU7, initially available in China, boasts better specifications than the Model 3 in most aspects and is priced under $30,000. Despite the competition, Xiaomi is prepared to sustain losses to compete in the EV market.

Portfolio Pulse from Benzinga Neuro

April 01, 2024 | 1:47 am

MNDR

Mobile-health Network Solutions (NASDAQ:MNDR) is set to go public on April 3, 2024, with a price band of $4.00 to $5.00 and an offering of 2,250,000 shares at $4.50 each. The company will have a 180-day insider lock-up period post-IPO. IPOs allow companies to raise capital by offering shares on exchanges, requiring SEC compliance and investment bank collaboration for pricing and offering details.

Portfolio Pulse from Benzinga Insights

March 31, 2024 | 9:43 pm

BTCUSD

Economist Peter Schiff critiqued Bitcoin's comparison to gold, noting that while Bitcoin reached new highs in dollar terms, it hasn't set new highs when priced in gold. This observation challenges the notion of Bitcoin as 'digital gold.' Despite this, Bitcoin has seen significant gains, with a 67% increase this quarter following a 155% increase in 2023, partly due to SEC approval for Bitcoin ETFs. Gold also ended the quarter at a record high, suggesting both assets are currently performing well.

Portfolio Pulse from Shanthi Rexaline

March 31, 2024 | 7:34 pm

TSLA

Tesla, Inc. (NASDAQ:TSLA) celebrated producing its 6 millionth vehicle, a significant milestone that CEO Elon Musk and the team acknowledged. This achievement has led analysts to revisit their Q1 delivery estimates. While Troy Teslike suggests increasing production and delivery estimates slightly, he still expects Q1 deliveries to be below last year's 422,875 units. Gary Black predicts Tesla may have delivered around 415,000 units in Q1, considering production numbers and typical gaps between production and deliveries. Tesla's stock closed down 2.25% at $175.79.

Portfolio Pulse from Shanthi Rexaline

March 31, 2024 | 3:25 pm

BTCUSD

DOGEUSD

Crypto analyst Altcoin Sherpa predicts Dogecoin (DOGE) could surge over 200% in the next six months, citing its popularity and market position. Bitcoin (BTC) is also seen positively, expected to rise after a month of consolidation. Fetch.ai (FET) is recommended for buying on dips, indicating potential growth. Dogecoin and Bitcoin have seen recent increases in their trading values.

Portfolio Pulse from Bibhu Pattnaik

March 31, 2024 | 1:38 pm

AMZN

META

MSFT

TSLA

This week in AI featured major developments from industry leaders like Elon Musk's xAI, Tesla, Meta Platforms, and Microsoft. Musk announced Grok 2, aiming to outperform competitors. Tesla is hiring for its Optimus Humanoid Robot, indicating a potential launch. Zuckerberg is personally recruiting AI talent from Google's DeepMind for Meta. Speculation about an AI bubble involves Nvidia, Amazon, and Microsoft, with warnings from analyst Richard Windsor. Microsoft's stock is predicted to rise due to its AI advancements.

Portfolio Pulse from Benzinga Neuro

March 31, 2024 | 5:16 am

COIN

DOGEUSD

ETHUSD

SHIBUSD

The cryptocurrency market had an eventful week with Dogecoin's pre-Doge Day rally, Ethereum's co-founder Vitalik Buterin commenting on the Metaverse, Edward Snowden's prediction on the SEC's case against Coinbase, a trader's significant profit from Dawkoin, and Shiba Inu's strong comeback. Dogecoin saw a 40% increase in weekly gains, Ethereum's co-founder criticized the current understanding of the Metaverse, Snowden supported Coinbase against the SEC, a trader turned $3K into $215K with Dawkoin, and Shiba Inu's burn rate soared by 17,197%.

Portfolio Pulse from Benzinga Neuro

March 31, 2024 | 4:59 am

TIP

Economist Peter Schiff criticizes the Federal Reserve's plan for three rate cuts this year, warning of a more severe crisis than 2008 due to 'misguided' optimism by Jerome Powell. Schiff points to rising gold prices and the CRB commodity index as indicators of inflation contrary to the Fed's expectations. He suggests that the Fed's current monetary policy is too loose and that the planned rate cuts could be a significant policy blunder.

Portfolio Pulse from Shanthi Rexaline

March 30, 2024 | 8:07 pm

DJT

Trump Media & Technology Group Corp. (TMTG), trading under NASDAQ:DJT, debuted this week, significantly boosting Donald Trump's net worth and potentially influencing his 2024 election prospects. Despite minimal revenue and a history of losses, TMTG's market cap exceeds $7 billion. The company's stock performance offers a direct way for supporters to impact Trump's financial standing, with economist Peter Schiff suggesting buying DJT shares as an alternative to campaign donations. Trump, owning almost 60% of DJT, benefits directly from the stock's performance.

Portfolio Pulse from Shanthi Rexaline

March 30, 2024 | 3:55 pm