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Ethereum is open access to digital money and data-friendly services for everyone – no matter your background or location. It's a community-built technology behind the cryptocurrency ether (ETH) and thousands of applications you can use today.

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Benzinga reviewed the prospects of popular stocks and cryptocurrencies, highlighting significant market movements and company-specific news. The Dow Jones Industrial Average closed above 40,000 for the first time, while the S&P 500 and Nasdaq also saw gains. Key stories included Tesla's new Model Y lease option, Shiba Inu's potential breakout, Biden's marijuana rescheduling impacting Canopy Growth and Tilray, and Citron Research's short position on GameStop.

Portfolio Pulse from Michael Cohen

May 18, 2024 | 12:45 pm

Bitcoin is expected to rise due to demand outstripping supply, according to crypto analyst Ali Martinez. The price of Bitcoin has rebounded 10% in the last 7 days, with long-term holders adding more BTC to their positions. Institutional interest in spot Bitcoin ETFs has also contributed to the positive market sentiment.

Portfolio Pulse from Benzinga Neuro

May 18, 2024 | 5:49 am

Cryptocurrency markets are rallying with significant inflows into Bitcoin ETFs. Morgan Stanley disclosed a $270 million investment in the Grayscale Bitcoin ETF. Spot Bitcoin ETFs posted $1.3 billion net inflows in two weeks, reversing negative flows from April. Analysts predict Bitcoin could reach $80,000.

Portfolio Pulse from Khyathi Dalal

May 17, 2024 | 8:27 pm

The cryptocurrency community is speculating on Ethereum's potential rebound ahead of the SEC's decision on spot Ethereum ETFs on May 23. Traders have mixed views, with some seeing technical patterns and sentiment as potential buy signals, while others remain cautious. The approval of an Ethereum ETF could significantly impact Ethereum's price by unlocking new capital inflows and providing regulatory clarity.

Portfolio Pulse from Khyathi Dalal

May 17, 2024 | 5:23 pm

Coinbase Research suggests that the likelihood of approval for a U.S. spot Ethereum ETF is higher than current market pricing indicates, estimating a 30-40% chance. This could unlock new capital inflows for Ethereum, despite competition from other layer-1s like Solana.

Portfolio Pulse from Murtuza Merchant

May 17, 2024 | 4:17 pm

Ethereum's price has risen by 5.08% in the past 24 hours to $3,087.70, with a weekly increase of over 5%. Trading volume has climbed 15% over the past week, and the circulating supply has increased by 0.12%. Ethereum's market cap is currently $370.75 billion.

Portfolio Pulse from Benzinga Insights

May 17, 2024 | 3:02 pm

Prominent crypto trader Michael van de Poppe has sold all his Bitcoin holdings to invest in altcoins, believing they are undervalued and due for an upside. Despite Bitcoin's dominance and recent gains, van de Poppe is taking a contrarian stance, though he acknowledges significant downside risk.

Portfolio Pulse from Aniket Verma

May 17, 2024 | 10:20 am

Shiba Inu's lead developer, Shytoshi Kusama, praised the team for integrating ShibaSwap with the Shibarium network, highlighting future developments. This integration allows ShibaSwap to operate across multiple chains, enhancing liquidity management.

Portfolio Pulse from Aniket Verma

May 17, 2024 | 8:38 am

Reddit Co-Founder Alexis Ohanian highlighted Democrats who supported a pro-crypto law in the Senate. The Senate repealed an SEC directive preventing financial firms from custodying Bitcoin. Reddit's shares rose 10% after announcing a partnership with OpenAI.

Portfolio Pulse from Aniket Verma

May 17, 2024 | 3:34 am

Leading cryptocurrencies, including Bitcoin, Ethereum, and Dogecoin, experienced a pullback after a strong rally. The U.S. Senate passed pro-crypto legislation, but market reactions suggest concerns over a potential presidential veto. The global cryptocurrency market cap fell by 1.57%, and major U.S. stock indices also closed lower. Analysts highlight the importance of stablecoin growth for future Bitcoin highs.

Portfolio Pulse from Aniket Verma

May 17, 2024 | 1:57 am

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