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BTCUSD

The SEC's Twitter account was compromised, leading to a false tweet about the approval of Bitcoin ETFs, which caused a temporary drop in Bitcoin's price. SEC Commissioner Gary Gensler confirmed the breach. A digital artist immortalized Gensler's clarifying tweet on the Bitcoin blockchain. Bitcoin's functionality has expanded with the Taproot upgrade, allowing for unique data to be encoded in transactions, similar to NFTs on Ethereum.

Portfolio Pulse from Mehab Qureshi

January 10, 2024 | 5:43 am

TSLA

Tesla Inc. (NASDAQ:TSLA) has launched the new Model 3 in North America with the same starting prices as the previous version. The rear-wheel drive model is priced at $38,990 and the Long Range version at $45,990, with estimated ranges of 272 miles and 341 miles respectively. The new Model 3, however, is not eligible for the federal EV tax credit of $7,500.

Portfolio Pulse from Anan Ashraf

January 10, 2024 | 5:09 am

BTCUSD

TWTR

Elon Musk's Twitter confirmed that the SEC's Twitter account was compromised due to lack of two-factor authentication (2FA). An unauthorized tweet about Bitcoin ETFs caused a temporary spike in Bitcoin's price. Twitter, under Musk, has made 2FA a paid service via Twitter Blue since March 2023. The SEC has not approved Bitcoin ETFs, as clarified by SEC Chair Gary Gensler.

Portfolio Pulse from Mehab Qureshi

January 10, 2024 | 4:30 am

HTZ

TSLA

Hertz Global Holdings Inc (HTZ) is selling its used Tesla (TSLA) vehicles at discounted prices on its website. The sale includes 518 Tesla cars, with prices starting at $20,700 for a 2021 Model 3 and $31,100 for a 2022 Model Y. This move follows Hertz's announcement to scale back its EV fleet due to higher repair costs and a decline in Tesla's MSRP, which has negatively impacted Hertz's EBITDA.

Portfolio Pulse from Anan Ashraf

January 10, 2024 | 4:17 am

TSLA

Ross Gerber, CEO of Gerber Kawasaki Wealth and Investment Management and Tesla investor, expressed disappointment over Tesla's lack of a large language model (LLM) in its vehicles, following announcements by competitors like Volkswagen about integrating ChatGPT in their cars. Elon Musk has previously hinted at exploring a partnership with his AI startup xAI to bring its AI chatbot Grok to Tesla cars, emphasizing Tesla's AI capabilities over traditional automaking.

Portfolio Pulse from Anan Ashraf

January 10, 2024 | 3:02 am

BTCUSD

DOGEUSD

Elon Musk humorously responded to the SEC's Twitter account hack with a Dogecoin meme, joking that 'LFGDogeToTheMoon' was the SEC's password. The SEC's account had erroneously tweeted approval of Bitcoin ETFs, which was later corrected. Musk's comment comes after a period of silence on Dogecoin, and despite his statement in December that he doesn't spend much time thinking about cryptocurrencies. Dogecoin's price was slightly down at the time of reporting.

Portfolio Pulse from Mehab Qureshi

January 10, 2024 | 2:55 am

AEHR

COIN

GBTC

TGTX

TSLA

U.S. stock indices ended mixed on Tuesday, with the Dow Jones and S&P 500 down, while the Nasdaq slightly up. Grayscale Bitcoin Trust (GBTC) remained stable amid Bitcoin volatility. Coinbase (COIN) shares fell after a price target increase and French regulatory approval. TG Therapeutics (TGTX) declined despite a new agreement to expand its autoimmune portfolio. Aehr Test Systems (AEHR) rose despite expecting revenue delays. Tesla (TSLA) shares dropped as CEO Elon Musk addressed allegations regarding a former director's departure.

Portfolio Pulse from Benzinga Neuro

January 10, 2024 | 2:45 am

HMC

TSLA

VLVCY

Honda Motor Co Ltd (NYSE:HMC) showcased two new electric vehicle concepts, the 'Space-Hub' and 'Saloon', at CES, indicating the design direction for its '0 Series' EVs set to launch in North America in 2026. The vehicles feature autonomous driving capabilities and rapid charging, charging from 15% to 80% in 10 to 15 minutes. Honda's global strategy aims to shift all sales to EVs by 2040 and has adopted Tesla Inc's EV charging standard, allowing access to Tesla Supercharger stations.

Portfolio Pulse from Benzinga Neuro

January 10, 2024 | 2:42 am

BTCUSD

DOGEUSD

ETHUSD

Major cryptocurrencies experienced significant price fluctuations after a fake tweet from the SEC's compromised account falsely indicated the approval of a spot Bitcoin ETF. Bitcoin surged to $47,900 but then dropped to $45,000 upon the news being debunked. Over $214 million in crypto positions were liquidated in 24 hours. The global crypto market cap increased by 5.29%. The S&P 500 and Nasdaq saw minor movements. Analysts warn of potential fakeout rallies and corrections for Bitcoin, with a focus on upcoming inflation reports for further market direction.

Portfolio Pulse from Mehab Qureshi

January 10, 2024 | 2:30 am

BTCUSD

Peter Schiff, a noted economist, expressed skepticism about the potential rally in Bitcoin following the anticipated approval of Bitcoin ETFs. He referenced the recent volatility caused by a compromised tweet from Gary Gensler's account, which falsely announced Bitcoin ETF approval. Schiff suggested that with many speculators expecting a rally, the market is unlikely to deliver when actual approval occurs. Bitcoin's price experienced a spike and subsequent drop following the fake news, and Schiff advised that it might be better to sell before the actual news materializes.

Portfolio Pulse from Benzinga Neuro

January 10, 2024 | 1:15 am