Blink Charging 株価情報 (NASDAQ: BLNK)

Blink Charging (NASDAQ:BLNK) 株価情報

BLINK CHARGING CO

Blink Charging

Blink Charging Co is an owner, operator, and provider of electric vehicle (EV) charging services. The company offers both residential and commercial EV charging equipment, enabling EV drivers to easily recharge at various location types. The company's business is the sale and distribution of electric vehicle charging equipment and its associated revenues earned from customers and/or Property Partners who use equipment connected to its network. It earns a majority of revenue from U.S.A.

Blink Charging Co

This partnership delivers a seamless solution that combines:
<ul>
<li>CheqUp's human-centric approach to supporting prescribed weight loss medication with dedicated clinical support and live, one-to-one health coaching, and</li>
<li>WeightWatchers' industry-leading, science-backed GLP-1 Companion Programme, which provides tailored nutritional and behavioural lifestyle support for individuals on GLP-1 medications.</li>
</ul>
Together, these complementary offerings provide a more effective solution to weight management, helping members achieve better results than with medication alone.

News

WeightWatchers Taps CheqUp In UK Partnership To Combine GLP-1 Medication With Behavioural Weight Loss Support

Reported Earlier, Sable Offshore Upsizes Public Offering To $256.5M, Prices 8.7M Shares At $29.50/Share

Chinese tech giant Baidu Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BIDU#NASDAQ">BIDU</a>) said Tuesday it has entered the Dubai and Abu Dhabi markets with its Apollo Go autonomous ride-hailing service, marking a significant expansion into higher-priced international markets.
What Happened: The Beijing-based company began open road validation testing in Dubai in May and expects to start testing in Abu Dhabi soon, CEO Robin Li said during the company&#8217;s first-quarter earnings call.
&#8220;With over 1,000 fully driverless vehicles now deployed globally, we continue to solidify our position as world&#8217;s leading autonomous ride-hailing service provider,&#8221; Li said.
Apollo Go now operates in 15 cities globally and provided 1.4 million rides in the first quarter, a 75% increase from the same period last year. Cumulative rides have exceeded 11 million as of May.
Baidu&#8217;s RT6 vehicle, described as the world&#8217;s first mass-produced Level 4 autonomous vehicle designed for driverless operations, has a unit cost below $30,000. 
See Also: <a href="https://www.benzinga.com/25/05/45556607/bitcoin-clocks-110000-ethereum-dogecoin-extend-gains-experienced-trader-peter-brandt-speculates-btc-to-enter-this-range-by-august-end">Bitcoin Clocks $110,000, Ethereum, Dogecoin Extend Gains: Well-Known Trader Peter Brandt Says BTC Could Gain Another 37% As Soon As August</a>
Why It Matters: Baidu has invested in technology for over 12 years and positions itself among the first companies to operate autonomous ride-hailing at scale.
Beyond geographic expansion, Baidu is exploring partnerships. In May, it partnered with CAR Inc., China&#8217;s leading auto rental provider, for autonomous vehicle rental services.
The robotaxi expansion supports Baidu&#8217;s broader AI strategy. The company reported first-quarter revenue of $4.51 billion, beating estimates, with AI Cloud business growing 42% year-over-year to $6.7 billion.
Price Actions: Baidu Inc.&#8217;s stock closed at $85.48 on Tuesday, down 4.32% for the day. In after-hours trading, the stock edged down 0.11% to $85.39. Year to date, Baidu shares have gained 3.36%.
Baidu&#8217;s Apollo Go competes with several U.S.-listed autonomous driving and robotaxi players, including Uber Technologies Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UBER#NYSE">UBER</a>), Alphabet Inc.'s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) Waymo, Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) with its anticipated robotaxi service, and Amazon.com Inc.'s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>) Zoox.
Baidu shows a positive medium-term price trend, but the stock has turned negative in both the short and long term. According to Benzinga Edge Stock Ranking, the stock scores well on growth and valuation metrics, but underperforms on quality. For <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">a deeper breakdown</a>, visit Benzinga Edge Stock Ranking.
Image Via Shutterstock 
Read Next: 
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/news/financing/25/05/45557031/trump-considers-taking-fannie-mae-freddie-mac-public-calls-mortgage-giants-very-profitable-says-timing-seems-right">Trump Considers Taking Fannie Mae, Freddie Mac Public, Calls Mortgage Giants &#8216;Very Profitable,&#8217; Says Timing Seems Right</a></li>
</ul>
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Equities

Markets

AMZN

BIDU

GOOG

GOOGL

TSLA

UBER

Baidu's Apollo Go Enters Dubai And Abu Dhabi, CEO Robin Li Touts Global Robotaxi Lead With 1.4 Million Rides In Q1

Wedbush Securities Managing Director and Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) bull Dan Ives believes Elon Musk's EV giant is entering a golden era, following Musk's commitment to the brand.
What Happened: "I believe that path to two trillion market cap is on the table because of autonomous and robotics," Ives said in an interview <a href="https://www.bloomberg.com/news/videos/2025-05-21/tesla-is-entering-a-golden-era-says-ives-video">with</a> Bloomberg on Wednesday.
The analyst also claimed that there could be some short-term chop in demand for the EV giant. However, he reiterated that this could be the beginning of a "golden era" for Tesla.
Ives then outlined how he believes the market isn't "fully pricing the opportunity for in terms of autonomous and robotics for Tesla," and said that Tesla will surpass Waymo in the next year with the Robotaxi launch in Austin, as he echoed Musk's comments about hundreds of thousands of Robotaxis in the future.
Why It Matters: Ives had earlier called Tesla's Austin robotaxi launch a <a href="https://www.benzinga.com/news/25/05/45536187/dan-ives-calls-teslas-austin-robotaxi-launch-a-watershed-moment-maintains-bullish-views-on-tesla">"watershed moment" </a>for the company. "This is a different Musk than we saw over the last one, three months. Dedicated, focused on Tesla, driving the next initiative," he said.
These comments come in as Musk has reaffirmed his commitment to leading Tesla for the <a href="https://www.benzinga.com/news/25/05/45519469/tesla-stock-rises-after-musk-reaffirms-leadership-and-business-rebound">next 5 years</a> as the company's CEO, which led to a surge in Tesla stock value.
The CEO also <a href="https://www.benzinga.com/25/05/45529030/elon-musk-confirms-tesla-robotaxi-launch-is-on-track-for-next-month-these-things-happen-slowly-but-then-all-at-once">reiterated the June timeline </a>for Tesla's Robotaxi launch in Austin as well as <a href="https://www.benzinga.com/tech/25/05/45535283/elon-musk-brushes-off-potential-tesla-uber-deal-believes-owners-could-add-their-cars-to-ev-giants-autonomous-fleet-instead">hinting at a potential ride-hailing platform</a> with Tesla's autonomous fleet. "We have millions of cars that will be able to operate autonomously. And I should say that it's a combination of a Tesla-owned fleet and also enabling Tesla owners to be able to add or subtract their car to the fleet," Musk said.
Price Action: TSLA currently trades for $331.70 in after-hours trading, according to<a href="https://pro.benzinga.com/dashboard"> Benzinga Pro data</a>.
Check out more of Benzinga's Future Of Mobility coverage by<a href="https://www.benzinga.com/topic/mobility"> following this link.</a>
Read Next:
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/analyst-ratings/analyst-color/25/05/45548192/tesla-enters-its-most-bullish-window-this-seasonal-trade-delivered-24-average-gain-over-10-years">Tesla Enters Its Most Bullish Window: This Seasonal Trade Delivered 24% Average Gain Over 10 Years</a></li>
</ul>
Photo courtesy: Shutterstock

Tech

Tesla Bull Dan Ives Thinks Elon Musk's EV Giant Could Be Entering A 'Golden Era,' Says 2 Trillion Market Cap 'On The Table'

David Sacks, the White House-appointed ‘Crypto Czar," said Wednesday he tried convincing JPMorgan Chase &amp; Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JPM#NYSE">JPM</a>) CEO Jamie Dimon of Bitcoin's (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) value.
What happened: During an <a href="https://www.foxbusiness.com/video/6373131853112">interview </a>with Fox Business, Sacks was asked about Dimon's persistent skepticism about the world's leading cryptocurrency.
"I've talked to him about this before," Sacks said. "What I've explained to him is that cryptocurrency is a new type of asset. It's a fundamental technology breakthrough."
Sacks said that the idea of a digital currency being scarce was unprecedented, referring to Bitcoin's 21 million hard cap.
See Also:<a href="https://www.benzinga.com/25/04/44621245/gold-backed-cryptos-match-yellow-metals-highs-following-trumps-liberation-day-shock"> </a><a href="https://www.benzinga.com/25/05/45511186/coinbase-says-justice-department-has-launched-probe-into-its-recent-cyberattack">Coinbase Says DOJ Probing Latest Attack On Its Platform, Clarifies Its Not The &#8216;Subject&#8217; Of The Investigation</a>
Why It Matters: Sacks&#8217; remarks come only days after Dimon said that <a href="https://www.benzinga.com/markets/cryptocurrency/25/05/45501880/jamie-dimon-opens-jpmorgan-to-bitcoin-access-despite-longstanding-criticism">JPMorgan will enable clients to buy Bitcoin</a> but will not provide custody services.&nbsp;
Dimon, a longtime critic of Bitcoin, believes that the leading asset lacks intrinsic value and is <a href="https://www.benzinga.com/markets/cryptocurrency/25/01/42940832/jamie-dimon-says-hes-not-against-blockchains-but-trades-guns-on-bitcoin-again-it-has-no-intrinsic-value-i-just-dont-feel-great-about">primarily utilized</a> by criminals.
He has even suspected <a href="https://www.benzinga.com/markets/cryptocurrency/24/10/41422079/jpmorgan-boss-jamie-dimon-doubts-bitcoins-21m-supply-cap-despite-5-lines-in-source-code-im">Bitcoin's scarcity narrative</a>, asking how the 21 million supply cap was determined.
The bank reported holding shares of spot Bitcoin exchange-traded funds, including iShares Bitcoin Trust ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IBIT#NASDAQ">IBIT</a>) and Fidelity Wise Origin Bitcoin Fund (BATS:<a class="ticker" href="https://www.benzinga.com/stock/FBTC#BATS">FBTC</a>), as per the latest 13F filing.
Price Action:&nbsp; At the time of writing, BTC was exchanging hands at $111,437.36, up 3.56% in the last 24 hours, according to <a href="https://pro.benzinga.com/dashboard?_gl=1&#x2A;380nj0&#x2A;_ga&#x2A;MTEyOTAyOTcxMy4xNzEzMzY0NTYy&#x2A;_ga_V7ZK73W7N0&#x2A;MTcxNDk4MzIzMi42LjEuMTcxNDk4OTE0Ni4wLjAuMA..">data from Benzinga Pro</a>.&nbsp;
Shares of JPMorgan were up 0.03% in after-hours trading after closing 1.75% lower at $261.04 during Wednesday's regular trading session.
JPM ranked high on the momentum and growth metrics as of this writing. To check out how other banking stocks stack up, visit <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">Benzinga Edge Stock Rankings</a> for more details.
<figure class="wp-block-image size-full"><a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound"><img loading="lazy" decoding="async" width="517" height="187" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/22013535/Screenshot-2025-05-22-110520.png" alt="" class="wp-image-923778" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/22013535/Screenshot-2025-05-22-110520.png 517w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/22013535/Screenshot-2025-05-22-110520-300x109.png 300w" sizes="(max-width: 517px) 100vw, 517px" /></a></figure>
Photo Courtesy: lev radin on Shutterstock.com
Read Next:&nbsp;
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/markets/cryptocurrency/25/05/45512252/want-a-tesla-cybertruck-geminis-new-bitcoin-credit-card-could-be-your-ticket">Want A Tesla Cybertruck? Gemini&#8217;s New Bitcoin Credit Card Could Be Your Ticket</a></li>
</ul>

Coverage of Bitcoin, Etherum, Ripple and all the latest digital currencies.

Cryptocurrency

$BTC

Fidelity Wise Origin Bitcoin Fund Fidelity Wise Origin Bitcoin Fund

FBTC

IBIT

Jamie Dimon Is No Fan Of Bitcoin, But Trump's Crypto Czar Made An Attempt To Change the JPMorgan CEO's Mind Using This Narrative

SLAB

Silicon Labs Unveils SiXG301 And SiXG302 SoCs To Power High-Performance, Energy-Efficient IoT Applications

CTSH

Cognizant Makes Multi-Agent AI Systems More Accessible With Open-Sourced Neuro Accelerator For Prototyping And Deployment

QXO Sets $16.50 Price For 48.5M Common Shares, Launches $500M Offering Of 5.50% Convertible Preferred To Raise $1.3B For Debt Repayment And Acquisition Strategy

LDOS

Leidos Signs MoU With Saudi Arabia's National Security Services To Enhance Threat Detection Across Airports And Borders

Amid mounting <a href="https://www.benzinga.com/25/04/44677497/microsoft-fires-employee-protestors-who-disrupted-50th-anniversary-event-you-have-shown-no-remorse-for-the-effect-that-your-actions-have">employee protests</a> over its contracts with the Israeli government, Microsoft Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>) is reportedly blocking internal and external emails.
What Happened: According to the employee-led protest group No Azure for Apartheid (NOAA), dozens of Microsoft workers discovered that emails containing the terms "Palestine," "Gaza" or "Genocide" in subject lines or message bodies were temporarily blocked from being sent, <a href="https://www.theverge.com/tech/672312/microsoft-block-palestine-gaza-email">reported</a> The Verge.
In a statement, NOAA organizers said that words like ‘Israel' or even altered spellings like ‘P4lestine' do not trigger such a block.
See Also:&nbsp;<a href="https://www.benzinga.com/media/25/03/44508019/tesla-and-other-us-robotics-giants-demand-federal-strategy-to-compete-with-chinas-138-billion-push-warn-america-will-lose-the-race-without-it" target="_blank" rel="noreferrer noopener">Tesla And Other US Robotics Giants Demand Federal Strategy To Compete With China&#8217;s $138 Billion Push — Warn America Will Lose The Race Without It</a>
Microsoft confirmed to the publication that it had implemented email restrictions, citing concerns over politically charged mass messaging.
"Emailing large numbers of employees about any topic not related to work is not appropriate. We have an established forum for employees who have opted in to political issues," Microsoft spokesperson Frank Shaw told the outlet.
Why It's Important: The censorship comes during a week of high-profile disruptions at <a href="https://www.benzinga.com/trading-ideas/movers/25/05/45505379/whats-going-on-with-microsoft-stock">Microsoft's Build developer</a> conference.
On Monday, employee Joe Lopez interrupted CEO Satya Nadella's keynote, accusing the company of supporting "Israeli war crimes powered by Azure." Lopez was fired later that day after sending a mass email about Microsoft's ties to Israel, the report said.
Subscribe to the&nbsp;<a href="https://bztechtrends.beehiiv.com/subscribe" target="_blank" rel="noreferrer noopener">Benzinga Tech Trends newsletter</a>&nbsp;to get all the latest tech developments delivered to your inbox.
Other protests followed throughout the week, including disruptions from a Palestinian tech worker and two former employees.
Last month also a Microsoft employee <a href="https://www.benzinga.com/25/04/44655911/microsoft-worker-disrupts-50th-anniversary-celebration-hurls-accusations-at-ai-ceo-mustafa-suleyman-while-calling-the-tech-giant-war-profiteer">disrupted the company&#8217;s 50th-anniversary event</a>, accusing the tech giant of being a &#8220;war profiteer&#8221; and complicit in war crimes.&nbsp;
Microsoft has acknowledged contracts with the Israeli government but said reviews found "no evidence" of its tools being used to harm people in Gaza, the report added.
Price Action: Microsoft's stock fell by 1.22% on Wednesday and slipped another 0.060% in after-hours trading, according to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro data</a>.
Benzinga Edge Stock Rankings assigns MSFT a growth score of 52.03%. Curious how it stacks up against other stocks? <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">Click here for the full analysis</a>.
<figure class="wp-block-image size-full"><a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound"><img decoding="async" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/22012557/Screenshot-2025-05-22-at-10.55.09%E2%80%AFAM.png" alt="" class="wp-image-923774" /></a></figure>
Check out more of Benzinga&#8217;s Consumer Tech coverage by&nbsp;<a href="https://www.benzinga.com/topic/consumer-tech" target="_blank" rel="noreferrer noopener">following this link</a>.
Photo Courtesy: Bumble Dee on Shutterstock.com
Read Next:
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/markets/25/01/43373775/tim-cook-praises-chinas-deepseek-for-driving-efficiency-stresses-apples-prudent-and-deliberate-approach-toward-capital-expenditure" target="_blank" rel="noreferrer noopener">Tim Cook Praises China's DeepSeek For Driving Efficiency, Stresses Apple's ‘Prudent And Deliberate' Approach Toward Capital Expenditure</a></li>
</ul>
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

MSFT

Microsoft Faces Employee Protests Over Email Censorship, Satya Nadella-Led Company Explains Rationale

Financial considerations Under the terms of the merger agreement, Sanofi and Vigil have agreed to the following:
<ul>
<li>Sanofi will acquire all outstanding common shares of Vigil for $8 per share in cash at closing, representing an equity value of approximately $470 million (on a fully diluted basis)</li>
<li>In addition, Vigil's shareholders will receive a non-transferrable contingent value right (CVR) per Vigil share, which will entitle its holder to receive a deferred cash payment of $2, conditioned upon the first commercial sale of VG-3927.</li>
</ul>
To demonstrate their commitment to the transaction, Bruce Booth, Atlas Ventures, and CEO Ivana Magovčević-Liebisch have signed voting and support agreements in favor of the deal. The shares subject to these agreements represent a total of approximately 16.2% of Vigil's total common shares outstanding.

VIGL

Reported Earlier, Sanofi To Acquire Vigil Neuroscience In $470M Deal, Boosting Neurology Pipeline With Investigational Alzheimer's Medicine

Bitcoin's (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) blistering rise past $110,000 has handed El Salvador another headline-worthy windfall, prompting President Nayib Bukele to fire back at critics with a screenshot of the country's Bitcoin treasury and the quip, "They said, ‘Don't take screenshots, take profits.'"
What Happened: Bukele's image, posted on X, pegs the nation's stash of roughly 6,180 BTC at $678 million—an unrealized gain of about $386 million, or 132%, on the $292 million the government has spent buying the dips since 2021. Bukele had posted a <a href="https://www.benzinga.com/markets/cryptocurrency/25/05/45490643/el-salvadors-bitcoin-holdings-show-357-million-in-unrealized-profit-as-bitcoin-closes-at-record-highs">similar screenshot</a> on May 19 after BTC had edged past the $105,000 mark.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">They said, "Don't take screenshots, take profits" &#x1f937;&#x1f3fb;&#x200d;&#x2642;&#xfe0f; <a href="https://t.co/dEKP5Y4qzc">https://t.co/dEKP5Y4qzc</a> <a href="https://t.co/2lx8sPWBSJ">pic.twitter.com/2lx8sPWBSJ</a>
&mdash; Nayib Bukele (@nayibbukele) <a href="https://twitter.com/nayibbukele/status/1925347440774791552?ref_src=twsrc%5Etfw">May 22, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
His post landed shortly after Bitcoin shattered its prior record of $109,241 set on Donald Trump's Jan. 20 inauguration, <a href="https://www.benzinga.com/25/05/45556607/bitcoin-clocks-110000-ethereum-dogecoin-extend-gains-experienced-trader-peter-brandt-speculates-btc-to-enter-this-range-by-august-end">sprinting to $110,700</a> overnight. Trading volume ballooned 76% in the past 24 hours, signaling heavy speculative interest as derivatives open interest also hit fresh highs.
See also: <a href="https://www.benzinga.com/government/regulations/25/05/45557042/unicoin-ceo-alex-konanykhin-calls-sec-fraud-charges-blatantly-false-vows-to-fight-in-court">Unicoin CEO Alex Konanykhin Calls SEC Fraud Charges &#8216;Blatantly False,&#8217; Vows To Fight In Court</a>
El Salvador made Bitcoin legal tender in September 2021, a first for any nation, and has steadily averaged down on price despite International Monetary Fund pressure to limit exposure. The IMF's $1.4 billion program approved in March allows the country to keep a "strategic reserve" without adding Bitcoin to wider public-sector balance sheets, a loophole Bukele continues to exploit.
Why It Matters: Bitcoin's latest leg higher follows a U.S. Senate committee vote <a href="https://www.benzinga.com/government/regulations/25/05/45511929/coinbase-ceo-brian-armstrong-hails-huge-win-as-genius-act-advances-with-bipartisan-senate-support">advancing</a> stable-coin legislation and JPMorgan's surprise move to let <a href="https://www.benzinga.com/markets/cryptocurrency/25/05/45501880/jamie-dimon-opens-jpmorgan-to-bitcoin-access-despite-longstanding-criticism">clients buy the asset</a> — developments analysts say highlight mainstream acceptance. Corporate demand remains a tailwind too. BTC treasury firm Strategy (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSTR#NASDAQ">MSTR</a>) added another <a href="https://www.benzinga.com/markets/cryptocurrency/25/05/45496435/strategy-adds-765-million-in-bitcoin-faces-lawsuit-over-btc-holdings">$765 million worth</a> of coins earlier in the week, lifting its trove above $63 billion.
Price Action:&nbsp; At the time of writing, Bitcoin was exchanging hands at $111,691.50, up 1.95% in the last 24 hours, according to&nbsp;<a href="https://pro.benzinga.com/dashboard?_gl=1&#x2A;380nj0&#x2A;_ga&#x2A;MTEyOTAyOTcxMy4xNzEzMzY0NTYy&#x2A;_ga_V7ZK73W7N0&#x2A;MTcxNDk4MzIzMi42LjEuMTcxNDk4OTE0Ni4wLjAuMA.." target="_blank" rel="noreferrer noopener">data from Benzinga Pro</a>.
Photo Courtesy: egaranugrah On Shutterstock.com
Read next: <a href="https://benzinga.com/markets/cryptocurrency/25/05/45536067/michael-saylor-uses-dmc-delorean-back-to-the-future-reference-to-promote-bitcoinshiba-inu-joins-in" target="_blank" rel="noreferrer noopener">Michael Saylor Drops ‘Back To The Future' Reference To Promote Bitcoin, Shiba Inu Flaunts Its Own DeLorean Links</a>

MSTR

Nayib Bukele Hits Back At Naysayers After Bitcoin Bolts Past $110,000: 'They Said, Don't Take Screenshots, Take Profits' — Flaunts El Salvador's Neat Gains

Macro Economic Events

Econ #s

Economics

BBJP

WisdomTree Trust Japan Total Dividend Fund

Reported Earlier, au Jibun Bank Japan Services Purchasing Managers' Index Preliminary For May 50.8 Vs. 52.4

As U.S. Treasury yields spike alongside falling equities and a weakening dollar, investor Chamath Palihapitiya puts the blame squarely on the media and the political establishment.
What Happened: On Wednesday, in a post on X, Palihapitiya, while talking about the rising yields and renewed volatility in the bond markets amid falling equities, said, &#8220;The bond market understands what has transpired and it doesn&#8217;t like it.&#8221; 
&#8220;Rates are rising, and may now move rapidly,&#8221; he said, and while this comes in the lead up to the passing of President Donald Trump&#8217;s &#8220;One Big, Beautiful Bill,&#8221; which offers extensive tax breaks in the face of mounting fiscal deficits, Chamath blames this on journalists and politicians. 
See Also: <a href="https://www.benzinga.com/news/financing/25/05/45557031/trump-considers-taking-fannie-mae-freddie-mac-public-calls-mortgage-giants-very-profitable-says-timing-seems-right">Trump Considers Taking Fannie Mae, Freddie Mac Public, Calls Mortgage Giants &#8216;Very Profitable,&#8217; Says Timing Seems Right</a>
He says the recent actions to &#8220;sideline DOGE,&#8221; or the Department of Government Efficiency, were short-sighted and politically motivated, and argues that those behind the push are now facing an &#8220;uncomfortable new reality&#8221; as borrowing costs rise.
<figure class="wp-block-embed aligncenter is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Cutting your nose off to spite your face&#8230; The bond market understands what has transpired and it doesn&#39;t like it. Rates are rising, and may now move rapidly. Many of the same journos, politicians and media who thought they &quot;won&quot; by trying to sideline DOGE will now face an… <a href="https://t.co/K5VLC7kiGZ">https://t.co/K5VLC7kiGZ</a>
&mdash; Chamath Palihapitiya (@chamath) <a href="https://twitter.com/chamath/status/1925302874554474606?ref_src=twsrc%5Etfw">May 21, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
&#8220;Many of the same journos, politicians and media who thought they ‘won' by trying to sideline DOGE will now face an uncomfortable new reality in their personal financial lives and those of their constituents,&#8221; he said. &#8220;They will then realize, but never admit, that what they did was reckless.&#8221;
Palihapitiya prefaced this post with the phrase &#8220;Cutting your nose off to spite your face,&#8221; framing this as a cautionary tale against short-sightedness in politics and public policy.
The post drew swift pushback on X, with several prominent users questioning the logic behind blaming the media and journalists. 
Among them was Seth Antiles, a macroeconomist, who criticized Palihapitiya's shifting narrative. &#8220;Chamath, remember a few weeks ago when you said the Trump team was orchestrating an economic slowdown to bring down bond yields? You were mistaken then, and you are mistaken now as well,&#8221; Antiles said.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Chamath, remember a few weeks ago when you said the Trump team was orchestrating an economic slowdown to bring down bond yields? You were mistaken then and you are mistaken now as well. Trump and Bessent should not have wasted political capital on tariffs. Their priority should…
&mdash; Seth Antiles (@AntilesSeth) <a href="https://twitter.com/AntilesSeth/status/1925310065927745647?ref_src=twsrc%5Etfw">May 21, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Antiles further adds that the Trump administration wasted valuable political capital on the tariffs, when &#8220;their priority should have been on deficit reduction.&#8221;
Why It Matters: Several prominent experts have criticized Trump&#8217;s proposed budget reconciliation bill over the past couple of days. 
This includes investor Kevin O&#8217;Leary, who <a href="https://www.benzinga.com/markets/25/05/45539686/kevin-oleary-warns-trumps-big-beautiful-bill-could-be-devastating-for-small-businesses-somebodys-got-to-raise-the-red-flag">expressed concerns</a> regarding part of the bill that pertains to small business tax audits, which he warned could cause &#8220;chaos in valuations.&#8221;
Macro strategist Craig Shapiro said that the <a href="https://www.benzinga.com/markets/equities/25/05/45536595/big-beautiful-bill-will-explode-the-deficit-and-make-the-rich-richer-congressional-budget-office">proposed bill would</a> &#8220;explode the deficit,&#8221; while enriching those in the highest income bracket, at the expense of those in the lowest. 
University of Michigan Economist Justin Wolfers referred to it as <a href="https://www.benzinga.com/25/05/45535537/trumps-budget-agenda-is-reverse-robin-hood-economics-says-justin-wolferstakes-from-working-families-gives-to-the-rich">&#8220;pure reverse Robin Hood,&#8221;</a> adding that it is &#8220;stacked towards the upper end of the upper end of the upper end of the economic food chain.&#8221; Wolfers also warned that the budget&#8217;s structure could validate the recent downgrading of U.S. Government bonds by Moody&#8217;s.
There, however, are a few proponents of the bill, or parts of the bill, with a few supporters. This includes the &#8220;No Tax On Tips Act,&#8221; which was one of Trump&#8217;s key campaign promises, and <a href="https://www.benzinga.com/25/05/45533526/trumps-no-tax-on-tips-agenda-gets-a-boost-as-senate-approves-bill-ted-cruz-praises-presidents-political-genius-for-backing-the-idea">got the backing</a> of Sen.&nbsp;Ted Cruz&nbsp;(R-Texas), who called the move &#8220;political genius.&#8221;
Price Action: U.S. 30-Year Treasury yields are now at 5.09%, with the 10-Year Notes now yielding 4.59%.
Photo Courtesy: Kathy Hutchins on Shutterstock.com
Read More: 
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/tech/25/05/45557355/elon-musk-wants-the-us-government-to-hang-up-the-phone-government-is-wasting-about-100-million-per-year-on-unused-phone-lines">Elon Musk Wants The US Government To Hang Up The Phone: &#8216;Government Is Wasting About $100 Million Per Year On Unused Phone Lines&#8217;</a></li>
</ul>

Government

Federal Reserve

Chamath Palihapitiya Slams Anti-DOGE Crusade As Catalyst For Bond Turmoil —Says Critics 'Will Never Admit It'

Two Israeli Embassy staff members died Wednesday evening in a targeted shooting near the Capital Jewish Museum in downtown Washington, D.C. Homeland Security Secretary Kristi Noem confirmed the fatalities, calling for justice against the &#8220;depraved perpetrator.&#8221;
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Two Israeli Embassy staff were senselessly killed tonight near the Jewish Museum in Washington DC. We are actively investigating and working to get more information to share. Please pray for the families of the victims. We will bring this depraved perpetrator to justice.
&mdash; Secretary Kristi Noem (@Sec_Noem) <a href="https://twitter.com/Sec_Noem/status/1925390666441314737?ref_src=twsrc%5Etfw">May 22, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Israeli Embassy spokeswoman Tal Naim Cohen said staff were shot at &#8220;close range&#8221; outside a diplomatic reception. 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">&#x2A;Spokesperson at the Israeli embassy in Washington Tal Naim Cohen&#x2A;: Two staff members of the Israeli embassy were shot this evening at close range while attending a Jewish event at the Capital Jewish Museum in Washington DC. We have full faith in law enforcement authorities on…
&mdash; Tal Naim (@TalNaim_) <a href="https://twitter.com/TalNaim_/status/1925394890952745329?ref_src=twsrc%5Etfw">May 22, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Israel&#8217;s UN Ambassador Danny Danon characterized the attack as &#8220;anti-Semitic terrorism,&#8221; stating, &#8220;harming diplomats crosses a red line.&#8221;
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">The fatal shooting that took place outside the event that took place at the Jewish Museum in Washington, D.C. is a depraved act of anti-Semitic terrorism. Harming the Jewish community is crossing a red line. We are confident that the US authorities will take strong action against… <a href="https://t.co/mVyXHjGyxU">pic.twitter.com/mVyXHjGyxU</a>
&mdash; Danny Danon &#x1f1ee;&#x1f1f1; דני דנון (@dannydanon) <a href="https://twitter.com/dannydanon/status/1925388251864379433?ref_src=twsrc%5Etfw">May 22, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
The incident highlights escalating security threats against Jewish institutions nationwide. The museum recently received federal security grants due to rising antisemitism concerns. 
Attorney General Pam Bondi responded to the scene while Federal Bureau of Investigation Director Kash Patel confirmed federal assistance. Officials report no ongoing public safety threat.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">I am on the scene of the horrible shooting outside the Washington, DC Capital Jewish Museum with <a href="https://twitter.com/USAttyPirro?ref_src=twsrc%5Etfw">@USAttyPirro</a>. Praying for the victims of this violence as we work to learn more.
&mdash; Attorney General Pamela Bondi (@AGPamBondi) <a href="https://twitter.com/AGPamBondi/status/1925386917366911042?ref_src=twsrc%5Etfw">May 22, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">My team and I have been briefed on the shooting tonight in downtown DC outside the Capital Jewish Museum and near our Washington Field Office. While we're working with MPD to respond and learn more, in the immediate, please pray for the victims and their families. We will keep…
&mdash; FBI Director Kash Patel (@FBIDirectorKash) <a href="https://twitter.com/FBIDirectorKash/status/1925395640835604530?ref_src=twsrc%5Etfw">May 22, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true"><a href="https://twitter.com/hashtag/FBIWFO?src=hash&amp;ref_src=twsrc%5Etfw">#FBIWFO</a> has responded with our <a href="https://twitter.com/DCPoliceDept?ref_src=twsrc%5Etfw">@DCPoliceDept</a> partners to a shooting that occurred tonight on 3rd and F Streets NW. There is no ongoing threat to public safety. <a href="https://t.co/BPzoH9JFbH">pic.twitter.com/BPzoH9JFbH</a>
&mdash; FBI Washington Field (@FBIWFO) <a href="https://twitter.com/FBIWFO/status/1925389573665767743?ref_src=twsrc%5Etfw">May 22, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Image Via Shutterstock
Read Next: 
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/25/05/45557202/nvidia-founder-jensen-huang-surpassed-by-satoshi-nakamoto-in-personal-wealth-as-bitcoin-tops-111000">Bitcoin&#8217;s $111,000 Move Puts Satoshi Nakamoto Above Nvidia&#8217;s Jensen Huang In Personal Wealth &#8211; Where Would The Mysterious Crypto Founder Rank Among Global Billionaires?</a></li>
</ul>
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

General

Two Israeli Embassy Staff Killed In Shooting Near DC Museum

Jim Cramer wrote on X Wednesday that bonds will &#8220;overshoot and then settle,&#8221; predicting that a turbocharged economy could emerge from the current budget agreement despite near-term market volatility.
What Happened: &#8220;Bonds will overshoot and then settle. They will get to a level that brings in actual buyers and then we will have a turbocharged economy from that budget agreement. We just can&#8217;t believe any of that right now. But it is possible,&#8221; CNBC&#8217;s Cramer posted on X.
His comments came as Treasury yields spiked to <a href="https://www.benzinga.com/government/regulations/25/05/45550324/us-bond-market-flashing-red-30-year-yield-tops-5-prices-tank-to-october-2023-lows">multi-month highs Wednesday</a>, with the 30-year bond yield hitting 5.08% &#8211; the highest level since October 2023. The benchmark 10-year Treasury note yield traded at 4.59%, while the 2-year yield reached 4.00%.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Bonds will overshoot and then settle. They will get to a level that brings in actual buyers and then we will have a turbocharged economy from that budget agreement. We just can&#39;t believe any of that right now. But it is possible.
&mdash; Jim Cramer (@jimcramer) <a href="https://twitter.com/jimcramer/status/1925295837682315296?ref_src=twsrc%5Etfw">May 21, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
The bond market selloff accelerated following a weak $16 billion 20-year Treasury auction that showed soft demand. The bid-to-cover ratio came in at 2.46, <a href="https://www.benzinga.com/government/regulations/25/05/45550324/us-bond-market-flashing-red-30-year-yield-tops-5-prices-tank-to-october-2023-lows">sitting near the bottom quartile</a> of the last 50 auctions, according to Exante Data analysis.
The yield surge triggered broad equity weakness, with the Dow Jones Industrial Average losing 816.80 points or 1.91% to 41,860.44. The S&amp;P 500 shed 1.61% to 5,844.61, while the Nasdaq Composite dropped 1.41% to 18,872.64. 
High-growth tech stocks, including NVIDIA Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>), Palantir Technologies Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PLTR#NYSE">PLTR</a>), and Coinbase Global Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COIN#NASDAQ">COIN</a>) fell over 2.5% during the Treasury market spike.
See Also: <a href="https://www.benzinga.com/news/financing/25/05/45557031/trump-considers-taking-fannie-mae-freddie-mac-public-calls-mortgage-giants-very-profitable-says-timing-seems-right">Trump Considers Taking Fannie Mae, Freddie Mac Public, Calls Mortgage Giants &#8216;Very Profitable,&#8217; Says Timing Seems Right</a>
Why It Matters: Market participants remain focused on fiscal policy under President Donald Trump&#8216;s administration, with the proposed tax-and-spending package <a href="https://www.benzinga.com/government/regulations/25/05/45550324/us-bond-market-flashing-red-30-year-yield-tops-5-prices-tank-to-october-2023-lows">potentially slashing federal revenues</a> by $4.1 trillion through 2034, according to the Tax Foundation. 
Economist Justin Wolfers criticized the bill as &#8220;reverse Robin Hood,&#8221; while Moody&#8217;s recent sovereign debt downgrade amplified <a href="https://www.benzinga.com/25/05/45535537/trumps-budget-agenda-is-reverse-robin-hood-economics-says-justin-wolferstakes-from-working-families-gives-to-the-rich">existing fiscal sustainability concerns</a>.
&#8220;Budget deficits matter,&#8221; said veteran investor Ed Yardeni. &#8220;That&#8217;s especially so when they lead to higher interest rates, <a href="https://www.benzinga.com/government/regulations/25/05/45550324/us-bond-market-flashing-red-30-year-yield-tops-5-prices-tank-to-october-2023-lows">higher bond yields, and potentially higher inflation</a>.&#8221;
Image Via Shutterstock
Read Next: 
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/25/05/45556921/mark-zuckerberg-slams-endless-one-on-one-meetings-says-i-just-like-explode-without-open-blocks-of-time-in-the-calendar">Mark Zuckerberg Gets &#8216;Really Frustrated&#8217; And In A Bad Mood When He Can&#8217;t Do This One Thing</a></li>
</ul>
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Bonds

COIN

NVDA

PLTR

Jim Cramer Says Bonds Will 'Overshoot And Then Settle,' Predicts Turbocharged Economy From Budget Agreement

Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) Elon Musk amplified a cost-cutting move by President Donald Trump's Department of Government Efficiency (DOGE) on Wednesday, stating that the U.S. government may be wasting $100 million a year on inactive phone lines.
What Happened: In a post on X, formerly Twitter, DOGE's official handle revealed that an internal audit found 198 out of 1,048 phone lines at the U.S. Office of Personnel Management (OPM) were either unused or duplicated — roughly 19% of the total.
DOGE said canceling the lines took one hour and would save around $100,000 annually.
"Since OPM is ~0.1% of the federal government, this suggests that ~$100M/yr is wasted on unused lines," the agency wrote.
See Also: <a href="https://www.benzinga.com/media/25/05/45534314/elon-musk-just-got-grilled-on-doge-spending-hits-back-with-were-not-kings-here">Elon Musk Just Got Grilled On DOGE Spending, Hits Back With &#8216;We&#8217;re Not Kings Here&#8217;</a>
Musk, who helped lead DOGE's early initiatives but announced <a href="https://www.benzinga.com/25/05/45381782/elon-musk-vows-to-spend-less-time-in-white-house-doge-office-investors-warn-the-damage-is-done-and-teslas-troubles-are-far-from-over">plans to reduce</a> his involvement during <a href="https://www.benzinga.com/news/earnings/25/04/44937440/tesla-q1-misses-estimates-as-tariff-pressures-weigh-on-outlook-lower-cost-evs-still-on-track">Tesla's first-quarter earnings call</a>, reposted the update and added:
"Government is wasting about $100 million per year on unused phone lines!"
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Government is wasting about $100 million per year on unused phone lines! <a href="https://t.co/UZQflu9jhl">https://t.co/UZQflu9jhl</a>
&mdash; Kekius Maximus (@elonmusk) <a href="https://twitter.com/elonmusk/status/1925367674894270940?ref_src=twsrc%5Etfw">May 22, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
This latest move by DOGE could impact leading telecom providers that deliver services to both residential and business customers.
Only 2% of U.S. adults use landlines exclusively, according to a 2023 <a href="https://www.washingtonpost.com/business/2023/06/23/landline-telephone-holdouts/">report</a> by The Washington Post. In 2019, the Federal Communications Commission scrapped requirements that made it compulsory to run copper wires to each home. The report noted that Verizon Communications Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VZ#NYSE">VZ</a>) is the dominant landline player in the Northeast of the country.
Photo courtesy: Joshua Sukoff / Shutterstock.com
Read Next:&nbsp;
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/25/05/45396297/cathie-wood-dumps-palantir-as-stock-touches-peak-prices-bails-on-soaring-flying-taxi-maker-archer-aviation" target="_blank" rel="noreferrer noopener">Cathie Wood Dumps Palantir As Stock Touches Peak Prices, Bails On Soaring Flying-Taxi Maker Archer Aviation</a></li>
</ul>
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

ATUS

CHTR

CMCSA

DTEGY

FYBR

LUMN

NTTYY

ORANY

TMUS

Elon Musk Wants The US Government To Hang Up The Phone: 'Government Is Wasting About $100 Million Per Year On Unused Phone Lines'

Satoshi Nakamoto, the pseudonymous creator of Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>), is now wealthier than Jensen Huang, founder and CEO of the world&#8217;s largest semiconductor firm, Nvidia.
What happened: The cryptocurrency address linked to Satoshi held about $121.80 billion worth of Bitcoin at the time of writing, according to blockchain analytics firm Arkham.
According to Forbes' Real-Time Billionaires list, Huang had an estimated wealth of $115 billion as of this writing. A few days back, Satoshi <a href="https://www.benzinga.com/markets/25/05/45393795/bill-gates-left-behind-by-satoshi-nakamoto-bitcoin-creators-wealth-now-eclipses-that-of-microsoft-co">pipped</a> Microsoft co-founder Bill Gates in personal fortune.
Had Satoshi been ranked on Forbes' list, they would be the 11th-wealthiest person on the planet.
It is collectively believed that Satoshi owns roughly 1.1 million Bitcoin, making them the largest BTC whale.
See Also:<a href="https://www.benzinga.com/25/04/44621245/gold-backed-cryptos-match-yellow-metals-highs-following-trumps-liberation-day-shock"> </a><a href="https://www.benzinga.com/25/05/45511186/coinbase-says-justice-department-has-launched-probe-into-its-recent-cyberattack">Coinbase Says DOJ Probing Latest Attack On Its Platform, Clarifies Its Not The &#8216;Subject&#8217; Of The Investigation</a>
Why It Matters: Nakamoto's true identity <a href="https://www.benzinga.com/money/who-is-satoshi-nakamoto">has been a subject of intense speculation</a> since the inception of Bitcoin in 2009. Various figures, including Bitcoin Core developers Peter Todd, Len Sassaman, and Nick Szabo have been linked to the mysterious personality over the years.
The surge in Satoshi's wealth follows a <a href="https://www.benzinga.com/25/05/45556607/bitcoin-clocks-110000-ethereum-dogecoin-extend-gains-experienced-trader-peter-brandt-speculates-btc-to-enter-this-range-by-august-end">spectacular Bitcoin rally</a> that has sent the world's largest cryptocurrency past its previous highs. The asset's market capitalization <a href="https://www.benzinga.com/25/05/45556899/from-amazon-to-warren-buffetts-berkshire-hathawaybitcoin-is-now-bigger-than-these-wall-street-titans">has surpassed</a> many Wall Street giants, including Amazon and Google's parent company, Alphabet.
Price Action:&nbsp; At the time of writing, BTC was exchanging hands at $111,774.17. up 4.66% in the last 24 hours, according to <a href="https://pro.benzinga.com/dashboard?_gl=1&#x2A;380nj0&#x2A;_ga&#x2A;MTEyOTAyOTcxMy4xNzEzMzY0NTYy&#x2A;_ga_V7ZK73W7N0&#x2A;MTcxNDk4MzIzMi42LjEuMTcxNDk4OTE0Ni4wLjAuMA..">data from Benzinga Pro</a>.&nbsp;
Photo Courtesy: Szabolcs Magyar On Shutterstock.com
Read Next:&nbsp;
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/markets/cryptocurrency/25/05/45512252/want-a-tesla-cybertruck-geminis-new-bitcoin-credit-card-could-be-your-ticket">Want A Tesla Cybertruck? Gemini&#8217;s New Bitcoin Credit Card Could Be Your Ticket</a></li>
</ul>

Bitcoin's $111,000 Move Puts Satoshi Nakamoto Above Nvidia's Jensen Huang In Personal Wealth - Where Would The Mysterious Crypto Founder Rank Among Global Billionaires?

Alex Konanykhin, CEO of cryptocurrency company Unicoin, denounced the Securities and Exchange Commission lawsuit against his company on Wednesday, calling the allegations &#8220;blatantly false.&#8221;
What Happened: In a LinkedIn post, Konanykhin <a href="https://www.linkedin.com/posts/konanykhin_last-night-the-sec-launched-a-lawsuit-against-activity-7331039366309412866-6Cm8/">expressed </a>shock and disappointment over the regulator&#8217;s legal action. 
&#8220;This attack came when we believed a brighter future for cryptocurrency was emerging. Just a day before, SEC Commissioner Peirce, the Chair of its Crypto Task Force, said that such coins should not be regulated by the SEC,&#8221; he said.
In the speech referred to by Konanykhin, Hester Peirce <a href="https://www.sec.gov/newsroom/speeches-statements/peirce-remarks-sec-speaks-051925">stated </a>that &#8220;most&#8221; cryptocurrencies were not securities according to her understanding.
&#8220;The SEC&#8217;s allegations are blatantly false. We intend to prove in court that they constitute yet another case of gross abuse of power,&#8221; Konanykhin said.
See Also:&nbsp;<a href="https://benzinga.com/markets/cryptocurrency/25/05/45489390/crypto-traders-who-secured-a-dinner-with-donald-trump-walked-away-with-major-profits-says-analysis" target="_blank" rel="noreferrer noopener">Crypto Traders Who Secured A Dinner With Donald Trump Walked Away With Major Profits, Says Analysis &#8211; Benzinga</a>
Konanykhin further defended Unicoin, stating it is &#8220;the most compliant cryptocurrency company&nbsp;in the country,&#8221; and the only one&nbsp;with years of audited financials&nbsp;and detailed SEC reports. He vowed to fight the allegations, stating that the SEC&#8217;s actions have&nbsp;caused multi-billion-dollar damages to Unicoin&nbsp;investors.
Konanykhin&#8217;s defense comes a day after the SEC filed fraud charges against the New York-based company and its top executives, including the Unicoin CEO, for deceiving investors and raising more than $100 million. In addition, the firm was accused of violating federal securities laws by engaging in unregistered offers and sales of rights certificates.
Photo Courtesy: JRdes on Shutterstock.com
Unicoin was the title sponsor for Benzinga&#8217;s 2023 Fintech Deal Days&nbsp;and Future of Digital Assets Event.
Read Next:&nbsp;
<ul class="wp-block-list">
<li><a href="https://benzinga.com/markets/cryptocurrency/25/05/45536067/michael-saylor-uses-dmc-delorean-back-to-the-future-reference-to-promote-bitcoinshiba-inu-joins-in" target="_blank" rel="noreferrer noopener">Michael Saylor Drops &#8216;Back To The Future&#8217; Reference To Promote Bitcoin, Shiba Inu Flaunts Its Own DeLorean Links</a></li>
</ul>
Disclaimer:&nbsp;This content was partially produced with the help of&nbsp;<a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a>&nbsp;and was reviewed and published by Benzinga editors.<a href="https://www.benzinga.com/apis?utm_source=benzinga.com&amp;utm_campaign=article-bottom" rel="noreferrer noopener" target="_blank"></a>

Regulations

Unicoin CEO Alex Konanykhin Calls SEC Fraud Charges 'Blatantly False,' Vows To Fight In Court

President Donald Trump announced Wednesday he is giving &#8220;very serious consideration&#8221; to taking mortgage finance giants Fannie Mae and Freddie Mac&nbsp;public, signaling potential privatization of the government-sponsored enterprises.
What Happened: In a Truth Social post, Trump said he will consult with Treasury Secretary Scott Bessent, Commerce Secretary Howard Lutnick, and Federal Housing Finance Agency Director William Pulte before making a decision. &#8220;Fannie Mae and Freddie Mac are doing very well, throwing off a lot of CASH, and the time would seem to be right,&#8221; Trump stated.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true"><a href="https://t.co/kJK33mcTh3">pic.twitter.com/kJK33mcTh3</a>
&mdash; U.S. Federal Housing (FHFA) (@FHFA) <a href="https://twitter.com/FHFA/status/1925335513386324136?ref_src=twsrc%5Etfw">May 21, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
The mortgage giants, which underpin approximately half of the U.S. residential mortgage market, have generated substantial cash flows since their 2008 conservatorship, according to Reuters. Both companies operate as for-profit corporations with private shareholders, purchasing home loans from private lenders and repackaging them as mortgage-backed securities.
See Also: <a href="https://www.benzinga.com/news/earnings/25/05/45553121/snowflake-q1-earnings-revenue-eps-beat-estimates-ai-data-cloud-company-sees-25-growth-ahead-shares-climb">Snowflake Q1 Earnings: Revenue, EPS Beat Estimates, AI Data Cloud Company Sees 25% Growth Ahead, Shares Climb</a>
Why It Matters: Fannie Mae and Freddie Mac were placed under Federal Housing Finance Agency conservatorship during the 2008 financial crisis after suffering overwhelming losses from the housing market collapse. The government intervention prevented catastrophic economic effects but maintained federal control over the entities.
FHFA Director Bill Pulte recently fired Freddie Mac CEO Diana Reid and placed senior FHFA officials on administrative leave. Pulte also dismissed 14 board members from both companies and <a href="https://www.benzinga.com/politics/25/03/44436692/fannie-mae-freddie-mac-in-upheaval-as-trump-administration-considers-privatizing-mortgage-giants">appointed himself chairman of both entities</a>.
Billionaire investor Bill Ackman of Pershing Square Capital Management has <a href="https://www.benzinga.com/general/social-media/24/12/42734220/bill-ackman-sends-fannie-mae-freddie-mac-stocks-soaring-trump-likes-big-deals">recommended both companies as investments</a>, stating in December that he expects them to exit conservatorship under the Trump administration. &#8220;Trump likes big deals and this would be the biggest deal in history,&#8221; Ackman wrote.
Image Via Shutterstock
Read Next: 
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/analyst-ratings/analyst-color/25/05/45550679/treasury-yields-top-5-these-20-stocks-tanked-in-just-one-hour">Treasury Yields Top 5%: These 20 Stocks Tanked In Just One Hour</a></li>
</ul>
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Financing

FMCC

FNMA

Trump Considers Taking Fannie Mae, Freddie Mac Public, Calls Mortgage Giants 'Very Profitable,' Says Timing Seems Right

Press Releases

Blink Charging to Provide 50 EV Chargers for Porsche Destination Charging Program in Mexico

Blink Charging Co. Announces Notification from Nasdaq regarding late filing of Form 10-K

Envoy Technologies Launches Next-Gen EV Car-Sharing at 210 South 12th in Philadelphia

Blink Charging Co. Announces Filing of Form 10-K for 2024

Blink Charging Co. Regains Compliance with Nasdaq Periodic Filing Requirement

Blink Charging Teams with Eco-Movement to Enhance EV Driver Experience

Blink Charging and Create Energy Launch Industry-First Turnkey Energy Storage Solution for On-Demand Grid Resiliency

Blink Charging to Host First Quarter Conference Call on Monday, May 12, 2025

BLINK CHARGING ANNOUNCES FIRST QUARTER 2025 RESULTS

Blink Charging Announces Workforce Reduction to Accelerate BlinkForward Initiative and Strengthen Global Market Position

BLNK

Amprius Technologies

Asia Pacific Wire & Cable Corporation Limited - Common shares, Par value .01 per share

Comments

Blink Charging

ニュース

パートナーシップ

ベンジンガ・グローバル