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Senator&nbsp;Cynthia Lummis&nbsp;(R-Wyo.) stated Tuesday that even the U.S. military sees the strategic value of having a national Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) reserve.
What Happened: During an interview with Bloomberg, Lummis&nbsp;was asked about JPMorgan Chase CEO Jamie Dimon&#8217;s remark that the <a href="https://www.benzinga.com/crypto/cryptocurrency/25/05/45709673/us-should-stockpile-bullets-not-bitcoin-jamie-dimon-says">U.S. should prioritize stockpiling</a> traditional defense resources over Bitcoin.
&#8220;I would say even the U.S. Military disagrees with him,&#8221; Lummis replied. &#8220;There are Generals, especially in Southeast Asia, who believe it is important to have strategic Bitcoin stockpiles.&#8221;
Lummis claimed that the U.S. was at an &#8216;economic war&#8217; with China, emphasizing that, in addition to guns and bullets, Bitcoin would be required to counter the Chinese threat.
&#8220;We need both,&#8221; she added. &#8220;All we need to do is look to the leadership of the current U.S. Military to find support for a strategic Bitcoin Reserve.&#8221;
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The U.S. Department of Defense didn&#8217;t immediately return Benzinga&#8217;s request for comment on Lummis&#8217; claims.
See Also:&nbsp;<a href="https://benzinga.com/news/ipos/25/05/45448399/trump-insiders-want-a-piece-of-crypto-spac-action-is-a-merger-coming" target="_blank" rel="noreferrer noopener">Trump Insiders Want A Piece Of Crypto, SPAC Action: Is A Merger Coming?</a>
Why It Matters: While the Defense Department has not formally endorsed a Bitcoin reserve, there have been instances of branches of the military<a href="https://www.benzinga.com/markets/cryptocurrency/23/02/30673164/us-air-force-boosts-blockchain-adoption-with-30m-investment-in-simba-chain"> exploring blockchain technology</a> for various applications.
Lummis&#8217; claims come at a time when she is advocating for clear regulatory frameworks for digital assets and the establishment of a U.S. Strategic Bitcoin reserve—an idea that has already <a href="https://in.benzinga.com/markets/cryptocurrency/25/03/44491124/strategic-bitcoin-reserve-eliminates-last-threat-says-bitwises-matt-hougan">received executive approval</a>. 
Lummis has been a staunch supporter of Bitcoin and has proposed legislation called the BITCOIN Act, advocating for the purchase of <a href="https://www.benzinga.com/markets/cryptocurrency/24/11/42080839/cynthia-lummis-says-strategic-bitcoin-reserve-could-take-shape-soon-after-trump-raises-his-hand-and-is-sworn-in">1 million Bitcoins over five years</a> by the Treasury Department.
Price Action:  At the time of writing, BTC was exchanging hands at $105,525.76, up 0.23% 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>. 
Photo Courtesy: Bukhta Yurii On Shutterstock.com Read Next: 
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<li><a href="https://benzinga.com/markets/cryptocurrency/25/03/44450232/white-house-says-gold-reserves-may-be-used-to-purchase-bitcoin" target="_blank" rel="noreferrer noopener">White House Says Gold Reserves May Be Used to Purchase Bitcoin</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>

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Jamie Dimon Said US Should Buy Bullets, Not BItcoin — Cynthia Lummis Says The US Military 'Disagrees' With Him

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Reported Earlier, Australia Gross Domestic Product (YoY) For Q1 1.3% Vs. 1.5% Est.; 1.3% Prior

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Opposition candidate Lee Jae-myung, a prominent supporter of Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>), secured a decisive win in South Korea&#8217;s snap presidential election, paving the way for major digital asset reforms in Asia&#8217;s fourth-largest economy.
What Happened: The 61-year-old Democratic Party leader defeated the ruling People Power Party candidate Kim Moon-soo following months of political chaos triggered by his predecessor Yoon Suk Yeol&#8216;s failed martial law declaration in December. Voter turnout reached 79.4%, the highest since 1997, as citizens sought to restore democratic stability, <a href="https://www.bbc.com/news/articles/c861yyqxg4do">reported</a> the BBC.
Lee&#8217;s crypto-friendly agenda includes legalizing spot cryptocurrency exchange-traded funds and allowing South Korea&#8217;s $884 billion National Pension Service to invest in digital assets.
&#8220;We need to establish a won-backed stablecoin market to prevent national wealth from leaking overseas,&#8221; Lee stated during May policy discussions, <a href="https://cointelegraph.com/news/south-korea-presidential-election-crypto-industry-gains">reported</a> CoinTelegraph. 
&#8220;I will create a safe investment environment so that young people can build assets and plan for the future,&#8221; Lee said in May, signaling priority focus on financial modernization.
See Also: <a href="https://www.benzinga.com/news/politics/25/06/45763037/marjorie-taylor-greene-says-shes-adamantly-opposed-to-trumps-big-beautiful-bill-over-this-ai-provision-i-would-have-voted-no-if-i-had-kn">Marjorie Taylor Greene Says She&#8217;s &#8216;Adamantly Opposed&#8217; To Trump&#8217;s &#8216;Big Beautiful&#8217; Bill Over This AI Provision: &#8216;I Would Have Voted NO If I Had Known This Was In There&#8217;</a>
Why It Matters: Lee faces immediate challenges beyond cryptocurrency policy. His <a href="https://www.benzinga.com/economics/macro-economic-events/25/04/44686417/wall-street-soars-as-trump-teases-trade-deals-magnificent-seven-add-over-500-billion-in-market-value">administration must navigate trade negotiations</a> with President Donald Trump&#8216;s administration while managing domestic political divisions. 
The victory represents a remarkable political comeback for Lee, who lost the 2022 presidential race by a narrow margin. 
He still faces Supreme Court proceedings over alleged election law violations, though sitting presidents typically receive immunity from criminal prosecution except for insurrection or treason charges, according to the BBC report.
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Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Image Courtesy: LegoCamera / Shutterstock.com

Global

Pro-Bitcoin Lee Jae-myung Secures Decisive Win In South Korea's Snap Election

On Tuesday, Nvidia Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) reclaimed the title of the <a href="https://www.benzinga.com/news/large-cap/24/11/41761849/nvidia-blows-past-apple-to-become-worlds-most-valuable-company">world's most valuable</a> publicly traded company, surpassing Microsoft Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>).
What Happened: Shares of Nvidia rose 2.80% during Tuesday's regular session and closed at $141.22, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>.
This boosted Nvidia's market capitalization to $3.444 trillion, slightly ahead of Microsoft's $3.441 trillion.
Apple, once the longtime market cap leader, now ranks third at $3.036 trillion, followed by Amazon and Alphabet.
Also Read:&nbsp;<a href="https://www.benzinga.com/tech/25/05/45602719/openais-acquisition-of-jony-ives-startup-poses-threat-to-apples-dominance" target="_blank" rel="noreferrer noopener">OpenAI&#8217;s Acquisition Of Jony Ive&#8217;s Startup Poses Threat To Apple&#8217;s Dominance</a>
<figure class="wp-block-table is-style-stripes"> 
<table class="has-fixed-layout">
<thead>
<tr>
<th class="has-text-align-center" data-align="center">Rank</th>
<th class="has-text-align-center" data-align="center">Company Name</th>
<th class="has-text-align-center" data-align="center">Market Cap</th>
<th class="has-text-align-center" data-align="center">Closing Share Price (Tuesday)</th>
</tr>
</thead>
<tbody>
<tr>
<td class="has-text-align-center" data-align="center">1</td>
<td class="has-text-align-center" data-align="center">NVIDIA</td>
<td class="has-text-align-center" data-align="center">$3.444 trillion</td>
<td class="has-text-align-center" data-align="center">$141.22</td>
</tr>
<tr>
<td class="has-text-align-center" data-align="center">2</td>
<td class="has-text-align-center" data-align="center">Microsoft</td>
<td class="has-text-align-center" data-align="center">$3.441 trillion</td>
<td class="has-text-align-center" data-align="center">$462.97</td>
</tr>
<tr>
<td class="has-text-align-center" data-align="center">3</td>
<td class="has-text-align-center" data-align="center">Apple (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>)</td>
<td class="has-text-align-center" data-align="center">$3.036 trillion</td>
<td class="has-text-align-center" data-align="center">$203.27</td>
</tr>
<tr>
<td class="has-text-align-center" data-align="center">4</td>
<td class="has-text-align-center" data-align="center">Amazon (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>)</td>
<td class="has-text-align-center" data-align="center">$2.183 trillion</td>
<td class="has-text-align-center" data-align="center">$205.71</td>
</tr>
<tr>
<td class="has-text-align-center" data-align="center">5</td>
<td class="has-text-align-center" data-align="center">Alphabet (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>)</td>
<td class="has-text-align-center" data-align="center">$2.024 trillion</td>
<td class="has-text-align-center" data-align="center">$166.18/$167.71</td>
</tr>
</tbody>
</table>
</figure>
Why It's Important: The rally follows <a href="https://www.benzinga.com/news/earnings/25/05/45657660/nvidia-q1-highlights-china-export-ban-hits-results-but-jensen-huang-says-demand-incredibly-strong">Nvidia's first-quarter earnings</a> last week. The company reported a revenue of $44.1 billion, marking a 69% increase year-over-year and a 12% rise from the previous quarter. The results surpassed Wall Street&#8217;s consensus estimate of $43.2 billion.
The surge reflects booming demand for its AI chips, used in everything from data centers to generative AI platforms.
Morgan Stanley has also reaffirmed its <a href="https://www.benzinga.com/analyst-stock-ratings/reiteration/25/06/45742324/nvidia-stock-seen-as-unique-opportunity-amid-chip-sector-volatility-says-morgan-stanley-we-are-materially-under-shipping-demand">"Overweight" rating on Nvidia</a>, calling it a "unique opportunity" in the semiconductor industry and maintaining it as its top pick. Despite sector slowdown concerns, analysts remain confident in Nvidia's growth.
Meanwhile, Microsoft, which reported <a href="https://www.benzinga.com/25/04/45117886/microsoft-q3-earnings-highlights-revenue-beat-eps-beat-cloud-revenue-up-20">third-quarter revenue</a> of $70.07 billion and exceeded the Street consensus estimate of $68.43 billion, has been going through massive layoffs.
On Monday, it was reported that Microsoft has announced<a href="https://www.benzinga.com/markets/tech/25/06/45738506/microsoft-fires-hundreds-more-workers-amid-ai-fueled-growth-calls-it-positioning-the-company-for-success"> another round of layoffs</a>, cutting over 300 jobs just weeks after its largest workforce reduction in years.
Price Action: In the after-hours trading, Nvidia gained an additional 0.19% and had reached $141.49 at the time of writing.
According to Benzinga&#8217;s Edge Stock Rankings, Nvidia shows a strong price trend across short-, medium and long-term periods. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">Additional detailed metrics can be found here</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/2025/06/04001632/Screenshot-2025-06-04-at-9.45.39%E2%80%AFAM.png" alt="" class="wp-image-937572" /></a></figure>
Photo Courtesy: Evolf on Shutterstock.com
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Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Tech

AAPL

AMZN

GOOG

GOOGL

MSFT

NVDA

Nvidia Overtakes Microsoft As The World's Most Valuable Company With $3.4 Trillion Market Cap As Morgan Stanley Reaffirms Top Pick Status

Automakers worldwide have criticized China's restrictions on rare earth minerals and magnets, which are crucial to automotive production, amid ongoing U.S.-China trade tensions.
What Happened: Automakers from the U.S., Europe, Japan, and India have raised alarms over China's export curbs on raw materials critical to vehicle production, Reuters reported on Tuesday.
Beijing's decision to restrict exports came in as a retaliatory measure to U.S. President Donald Trump's 145% tariffs levied on Chinese goods imported into the country. The ongoing trade tensions have severely disrupted the global economy.
A trade group representing General Motors Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GM#NYSE">GM</a>), Toyota Motor Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TM#NYSE">TM</a>) and other manufacturers had written to the Trump administration about the threat of China's curbs on exports, the report suggests.
"If the situation is not changed quickly, production delays and even production outages can no longer be ruled out," an expert representing German automakers said in the report.
The report also suggests that a business delegation from Japan will arrive in the country in the coming days to meet with Chinese officials, while officials from the EU are also expected to meet with the Chinese government over the curbs.
Why It Matters: The news comes in as talks between the Trump administration and Beijing have <a href="https://www.benzinga.com/25/05/45685544/scott-bessent-says-us-china-trade-talks-at-stalemate-need-trump-and-xi-jinping-touch-to-break-the-deadlock">currently hit a stalemate</a>, according to U.S. Treasury Secretary Scott Bessent.
The current escalating tensions follow a temporary 90-day truce in the trade war that was reached following negotiations between the two governments, which <a href="https://www.benzinga.com/markets/equities/25/05/45341884/apple-amazon-nvidia-rise-in-monday-premarket-as-us-china-agree-to-90-day-tariff-truce-neither-side-wants-a-decoupling">sent stocks on the rise</a>.
However, Trump has since accused China of violating the <a href="https://www.benzinga.com/news/politics/25/06/45715447/xi-jinpings-china-dismisses-trumps-groundless-accusations-on-geneva-trade-deal-breach-vows-strong-retaliation">Geneva trade agreement </a>following its decision to impose curbs on the exports. Beijing has called the accusations groundless and has vowed to retaliate.
Check out more of Benzinga's Future Of Mobility coverage by<a href="https://www.benzinga.com/topic/mobility"> following this link</a>.
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</ul>
Image via Shutterstock

Amid US-China Trade War, Global Automakers Warn Beijing's Curbs On Rare Earth Metals Could Significantly Impact Production

Jim Cramer warned that President Donald Trump&#8216;s unpredictable trade policies are distorting stock valuations and emboldening short sellers who expect daily market declines. 
What Happened: CNBC&#8217;s &#8220;Mad Money&#8221; host <a href="https://www.cnbc.com/2025/06/03/jim-cramer-trump-market-stocks-correctly-.html">said</a> Trump&#8217;s tariff threats and confrontational global approach are &#8220;continually confounding traders and investors alike,&#8221; making accurate stock pricing nearly impossible. 
The market uncertainty coincides with <a href="https://www.benzinga.com/markets/macro-economic-events/25/06/45741617/chinas-manufacturing-activity-crashes-to-2022-lows-in-may-amid-trump-tariff-woes">deteriorating economic fundamentals</a>. China&#8217;s manufacturing activity crashed to its lowest level since September 2022, with the Caixin PMI dropping to 48.3 in May from 50.4 in April—the first contraction in eight months.&nbsp;
New orders fell at their fastest pace in over two years, while U.S. manufacturing also contracted, with the ISM PMI slipping to 48.5%.
Cramer noted markets have been opening lower recently as traders anticipate Trump&#8217;s abrupt statements about trade, China, or major stocks like Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) and Nvidia Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>).
See Also: <a href="https://www.benzinga.com/analyst-stock-ratings/analyst-color/25/06/45758803/sp-500-q1-earnings-stun-again-the-street-with-broad-based-beats-double-digit-growth">S&amp;P 500 Q1 Earnings Stun Wall Street Again With Broad-Based Beats, Double-Digit Growth</a>
Why It Matters: The administration has reportedly set a July 8 deadline for trade deals, demanding countries submit their best offers by Wednesday as <a href="https://www.benzinga.com/markets/economic-data/25/06/45740592/trump-sets-july-8-deadline-for-trade-deals-demands-best-offers-from-global-partners-by-wednesday-report">Trump&#8217;s 90-day tariff pause expires</a>. 
Cramer argued Trump has &#8220;almost single-handedly revived the short-selling business,&#8221; with hedge funds heavily shorting stocks like Nvidia and CoreWeave Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CRWV#NASDAQ">CRWV</a>), confident they can profit from Trump-induced volatility. While short sellers aren&#8217;t &#8220;in charge,&#8221; they possess &#8220;a lot of firepower and conviction,&#8221; believing they can&#8217;t lose with Trump in the White House.
While short sellers aren&#8217;t &#8220;in charge,&#8221; they possess &#8220;a lot of firepower and conviction,&#8221; believing they can&#8217;t lose with Trump in the White House, Cramer noted. 
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Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo courtesy: Shutterstock

CRWV

Jim Cramer Says Trump Is 'Distorting Pretty Much Everything' And That's Making It Difficult To Value Stocks: 'People Would Just Rather Be Short'

The&nbsp;New York Stock Exchange submitted a Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) exchange-traded filing Tuesday on behalf of&nbsp;Truth Social, the social media platform owned by President Donald Trump.
What Happened: NYSE Arca, a subsidiary of the NYSE, filed a Form 19b-4 with the SEC, seeking to list and trade shares of the proposed &#8220;Truth Social Bitcoin ETF,&#8221; designed to track the price of the apex cryptocurrency.
The filing stated, &#8220;The shares are intended to constitute a simpler means of making an investment similar to an investment in Bitcoin rather than by acquiring, holding and trading Bitcoin directly.&#8221; 
The trust&#8217;s sponsor is&nbsp;Yorkville America Digital, LLC, with&nbsp;Foris DAX Trust Company, LLC&nbsp;serving as the custodian.
See Also:&nbsp;<a href="https://benzinga.com/crypto/cryptocurrency/25/06/45762633/anthony-scaramucci-agrees-bitcoin-skeptic-jamie-dimon-would-be-a-welcome-alternative-as-pre" target="_blank" rel="noreferrer noopener">Anthony Scaramucci Agrees Bitcoin Skeptic Jamie Dimon Would Be A &#8216;Welcome Alternative&#8217; As President</a>
Why It Matters: The&nbsp;Trump Media and Technology Group&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DJT#NASDAQ">DJT</a>),&nbsp;operator of Truth Social, is co-founded and&nbsp;<a href="https://in.benzinga.com/25/03/44268596/trumps-net-worth-plummets-by-nearly-300m-as-djt-stock-drops-to-its-lowest-since-october" target="_blank" rel="noreferrer noopener">majority-owned by</a>&nbsp;Trump.
The move was the latest in a series of steps geared at increasing the Trump family&#8217;s engagement with the world&#8217;s largest cryptocurrency. 
Last week, TMTG said it <a href="https://www.benzinga.com/markets/cryptocurrency/25/05/45635335/donald-trump-jr-says-we-are-seriously-long-bitcoin-and-after-tmtg-reveals-treasury-strategy">would use the proceeds</a> of a $2.5 billion private offering to create a Bitcoin reserve. Donald Trump Jr., Trump&#8217;s eldest son, stated that the Trumps were "seriously long" on Bitcoin.
Notably, <a href="https://www.benzinga.com/markets/cryptocurrency/25/03/44467984/trump-media-surges-9-in-after-hours-trading-after-announcing-partnership-with-crypto-com-to-launch-made-in-america-focused-etfs-cro-also-rallies">TMTG entered into a partnership</a>&nbsp;with Crypto.com to launch a series of ETFs under the Truth.Fi brand earlier in May. The ETFs were expected to comprise a blend of digital assets and securities with a ‘Made in America' emphasis.
Price Action: At the time of writing, BTC was exchanging hands at $105,740.91, up 0.13% 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;
The DJT stock rose was up 0.46% in after-hours trading after closing 2.10% higher at $21.84 on Tuesday.
As of this writing, the DJT stock exhibited a low value score—&nbsp;a metric that evaluates an asset's relative worth by comparing its market price to fundamental measures. In case you&#8217;re looking to pack your portfolio with high-value equities, check out&nbsp;<a href="https://www.benzinga.com/screener/top-value-stocks" target="_blank" rel="noreferrer noopener">Benzinga&#8217;s proprietary Edge Rankings score</a>.
<figure class="wp-block-image size-full"><a href="https://www.benzinga.com/screener/top-value-stocks"><img loading="lazy" decoding="async" width="440" height="182" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/03231948/image-38.png" alt="" class="wp-image-937551" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/03231948/image-38.png 440w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/03231948/image-38-300x124.png 300w" sizes="(max-width: 440px) 100vw, 440px" /></a></figure>
Photo Courtesy: mundissima on Shutterstock.com
Read Next:&nbsp;
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<li><a href="https://benzinga.com/crypto/cryptocurrency/25/06/45738875/this-isnt-a-great-sign-for-bitcoin-says-top-currency-trader-whales-are-once-again" target="_blank" rel="noreferrer noopener">This Isn&#8217;t A &#8216;Great Sign&#8217; For Bitcoin, Says Top Currency Trader: &#8216;Whales Are Once Again&#8230;.&#8217;</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>

Trump's Truth Social Files For Bitcoin ETF As Family Goes 'Seriously Long' On Crypto

Palantir Technologies Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PLTR#NASDAQ">PLTR</a>) CEO Alex Karp says real achievement in the age of artificial intelligence depends on sacrificing early social perks for obsessive focus on one's best skill.
What Happened: "I've never met someone successful who had a great social life at 20," Karp told the Economic Club of Chicago recently, urging young employees to &#8220;find the thing you're uniquely good at, and then make sure your whole life is organized around allowing you to do it.&#8221;
Karp said most new hires stall in two ways: they refuse to admit what they're good at and they fail to reorder their lives around that talent. The first failure mode, he explains, is not accepting what you're truly good at, even though that might not be &#8220;what you want to be good at&#8221;. The second trap is not organizing your life around that ability, he says, adding that the adjustment often means fewer parties and more late nights refining craft.
<figure class="wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio"> 
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<iframe loading="lazy" title="Alex Karp, Co-Founder, CEO &amp; Director, Palantir, 5/22/2025" width="500" height="281" src="https://www.youtube.com/embed/lvLxM6kQK7Y?feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" referrerpolicy="strict-origin-when-cross-origin" allowfullscreen></iframe>
</div>
</figure>
See also: <a href="https://www.benzinga.com/analyst-stock-ratings/analyst-color/25/06/45746797/is-a-bond-market-crash-coming-jamie-dimon-blackrock-ray-dalio-and-others-sound-the-alarm">Is A Bond-Market Crash Coming? Jamie Dimon, BlackRock, Ray Dalio And Others Sound The Alarm</a>
"If that's what you want, that's great. But you're not going to be successful, and don't blame anyone else," he warns.
Karp also advised brutal honesty in relationships, asking recruits to consider, &#8220;How are they going to feel when you dedicate the next ten years of your life to building what you think is valuable?&#8221;
Why It Matters: The comments fit a pattern of blunt counsel from the Ph.D.-trained philosopher who co-founded Palantir with Peter Thiel in 2003. The Denver-based data analytics firm has ridden the AI boom to a market value above $310 billion and a 515% share price surge over the past year, according to data from <a href="https://www.benzinga.com/pro/">Benzinga Pro</a>.
Over the past few months, Karp has <a href="https://www.benzinga.com/markets/equities/25/02/43806845/palantir-ceo-alex-karp-backs-elon-musks-government-efficiency-efforts-calls-him-most-important-builder">backed Elon Musk's</a> government-efficiency push to warning lawmakers that rivals such as China's DeepSeek <a href="https://www.benzinga.com/markets/equities/25/02/43420511/palantir-ceo-alex-karp-sounds-alarm-on-chinas-deepseek-could-this-threaten-palantirs-ai-dominance">threaten U.S. AI dominance</a>.
Price Action: Palantir shares closed 0.86% higher at $133.17 on Wednesday, according to Benzinga Pro.
Benzinga&#8217;s Edge Rankings place Palantir in the 99th percentile for momentum and the 97th percentile for growth. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">Check the detailed report&nbsp;here</a>.
<figure class="wp-block-image size-large"><a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound"><img loading="lazy" decoding="async" width="1024" height="150" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/03115126/pltr-edge-1-1024x150.png" alt="" class="wp-image-937014" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/03115126/pltr-edge-1-1024x150.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/03115126/pltr-edge-1-300x44.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/03115126/pltr-edge-1-768x113.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/03115126/pltr-edge-1.png 1376w" sizes="(max-width: 1024px) 100vw, 1024px" /></a></figure>
Photo: Shutterstock/Hiroshi-Mori-Stock
Read next: <a href="https://www.benzinga.com/personal-finance/management/25/06/45749341/my-parents-are-financially-abusing-me-a-college-kid-used-his-3999-school-refund-to-pay-off-debt-but-his-parents-say-it-belongs-to-them">&#8216;My Parents Are Financially Abusing Me&#8217;—A College Kid Used His $3,999 School Refund To Pay Off Debt, But His Parents Say It Belongs To Them</a>

PLTR

Palantir CEO Alex Karp Says You Can Have A 'Great Social Life' At 20 Or Be Successful But You Can't Do Both

Leading cryptocurrencies fell on Tuesday ahead of the high-stakes call between President Donald Trump and Chinese President Xi Jinping. 
<figure class="wp-block-table"> 
<table class="has-fixed-layout">
<thead>
<tr>
<th class="has-text-align-left" data-align="left">Cryptocurrency</th>
<th class="has-text-align-left" data-align="left">Gains +/-</th>
<th class="has-text-align-left" data-align="left">Price (Recorded at 9:30 p.m. ET)</th>
</tr>
</thead>
<tbody>
<tr>
<td class="has-text-align-left" data-align="left">Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>)</td>
<td class="has-text-align-left" data-align="left">-0.59%</td>
<td class="has-text-align-left" data-align="left">$105,652.90</td>
</tr>
<tr>
<td class="has-text-align-left" data-align="left">Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>) &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</td>
<td class="has-text-align-left" data-align="left">-0.54%</td>
<td class="has-text-align-left" data-align="left">$2,613.79</td>
</tr>
<tr>
<td class="has-text-align-left" data-align="left">Dogecoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/doge/usd">DOGE</a>)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</td>
<td class="has-text-align-left" data-align="left">-1.47%</td>
<td class="has-text-align-left" data-align="left">$0.1952</td>
</tr>
</tbody>
</table>
</figure>
What Happened: Bitcoin reached an intraday high of $106,813.58 in the early trading hours before hitting a ceiling and falling back to the $105,000 region. Ethereum, the second-largest cryptocurrency, recorded a similar trajectory, rallying to $2,650 before reversing to the late $2,500s.&nbsp;
The two blue-chip currencies recorded a dip in 24-hour trading volumes.
The cryptocurrency market saw some drama <a href="https://www.benzinga.com/crypto/cryptocurrency/25/06/45757170/trump-branded-crypto-wallet-sparks-controversy-trump-family-denies-involvement">after a cryptocurrency wallet bearing the Trump name surfaced</a>. However, the Trump family denied any involvement with the wallet.
About $155 million was liquidated from the cryptocurrency market in the last 24 hours, with bullish bets worth $94 million getting erased.
Bitcoin's Open Interest dropped 2.48% in the last 24 hours, while Ethereum experienced a 317% drop in funds locked in derivatives. Binance traders with open BTC positions increased their short exposure as the Long/Short ratio fell below 1.
The "Greed" sentiment lingered despite the pullback, according to the Crypto Fear &amp; Greed Index.&nbsp;
Top Gainers (24-Hours)
<figure class="wp-block-table alignleft"> 
<table class="has-fixed-layout">
<thead>
<tr>
<th class="has-text-align-left" data-align="left">Cryptocurrency</th>
<th class="has-text-align-left" data-align="left">Gains +/-</th>
<th class="has-text-align-left" data-align="left">Price (Recorded at 9:30 p.m. ET)</th>
</tr>
</thead>
<tbody>
<tr>
<td class="has-text-align-left" data-align="left">Sky (SKY)</td>
<td class="has-text-align-left" data-align="left">+6.17%</td>
<td class="has-text-align-left" data-align="left">$0.07867</td>
</tr>
<tr>
<td class="has-text-align-left" data-align="left">Quant (QNT) &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</td>
<td class="has-text-align-left" data-align="left">+5.74%</td>
<td class="has-text-align-left" data-align="left">$116.23</td>
</tr>
<tr>
<td class="has-text-align-left" data-align="left">UNUS SED LEO (LEO)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</td>
<td class="has-text-align-left" data-align="left">+5.25%</td>
<td class="has-text-align-left" data-align="left">$8.98 </td>
</tr>
</tbody>
</table>
</figure>
The global cryptocurrency market capitalization stood at $3.33 trillion, following a dip of 0.31% in the last 24 hours.&nbsp;
Stocks rose further on Tuesday. The Dow Jones Industrial Average spiked 214.16 points, or 0.51%, to end at 42,519.64. The S&amp;P 500 gained 0.58% to close at 5,970.37, while the tech-heavy Nasdaq Composite climbed 0.81% to finish at 19,398.96.
The advance comes in <a href="https://www.benzinga.com/news/politics/25/06/45740331/trumps-man-to-man-diplomacy-wont-work-with-xi-jinping-warns-former-white-house-chief-of-staff-as-tariff-deadlock-continues">anticipation of a high-stakes call</a> between Trump and Jinping on trade deals, which the White House says is likely to take place this week.
See More: <a href="https://www.benzinga.com/money/best-crypto-scanners">Best Cryptocurrency Scanners</a>
Analyst Notes: Blockchain analytics firm CryptoQuant said Bitcoin was targeting $96,000, a key support level that aligns with the average purchase price of short-term investors.
"This level is considered a potential rebound point in the event of a mild price correction," CryptoQuant added. "If liquidity is available, it is advisable to wait and observe market movements, with the possibility of entering new positions after the anticipated correction completes."
<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">Bitcoin at Key Support: Market Awaits Post-Correction Entry Opportunity "Currently targeting the $96,700 level, which represents a key support zone on the network and aligns with the average purchase price of short-term investors." – By <a href="https://twitter.com/abramchart?ref_src=twsrc%5Etfw">@abramchart</a> <a href="https://t.co/9ydqKL6j9r">pic.twitter.com/9ydqKL6j9r</a>
&mdash; CryptoQuant.com (@cryptoquant_com) <a href="https://twitter.com/cryptoquant_com/status/1929811790654791830?ref_src=twsrc%5Etfw">June 3, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Widely followed cryptocurrency commentator BitBull dismissed talks of an Ethereum top, suggesting that it's "way too early."&nbsp;
"To me its looks like ETH is doing healthy retests. One more hit and it&#8217;s bound to break," the analyst said. "If it is true, Ethereum could send towards $3,000+ next."
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">More <a href="https://twitter.com/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$ETH</a> updates fams! Some people are yelling that this is the top of the cycle, which i think is way too early. To me its looks like ETH is doing healthy retests. One more hit and it&#39;s bound to break. We all gonna make it happen. If it is true, Ethereum could send towards… <a href="https://t.co/IaXm0a2cD2">pic.twitter.com/IaXm0a2cD2</a>
&mdash; BitBull (@AkaBull_) <a href="https://twitter.com/AkaBull_/status/1929861982552760387?ref_src=twsrc%5Etfw">June 3, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Photo Courtesy: Antonio Gravante On Shutterstock.com
Read Next:&nbsp;&nbsp;&nbsp;&nbsp;
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/crypto/cryptocurrency/25/06/45761254/congressman-buys-up-to-850k-in-bitcoin-in-2025-late-disclosure-close-trump-ties-wave-red-flags">Congressman Buys Up To $850K In Bitcoin In 2025: Late Disclosure, Close Trump Ties Wave Red Flags</a></li>
</ul>

Movers

Trading Ideas

$DOGE

$ETH

Bitcoin, Ethereum, Dogecoin Slip As Investors Anticipate Trump-Jinping Call: Too Early For An ETH Top? This Analyst Says $3000 Is On Target

On Tuesday, Marjorie Taylor Greene (R-Ga.) demanded the removal of a <a href="https://www.benzinga.com/25/05/45481745/donald-trump-backed-gop-bill-seeks-to-ban-states-from-regulating-ai-for-10-years-critics-warn-its-federal-overreach-that-could-backfire">controversial AI provision</a> from President Donald Trump's sweeping tax-and-spending bill, warning she'll oppose it unless the Senate strikes it from the final version.
What Happened: Greene took to X, formerly Twitter, and said she was unaware that the "One Big Beautiful Bill" (OBBB) included a section barring states from regulating artificial intelligence for the next 10 years.
The provision appears on pages 278–279 and would prevent states from creating or enforcing AI-related laws, leaving regulation solely to the federal government.
"I am adamantly OPPOSED to this and it is a violation of state rights and I would have voted NO if I had known this was in there," she wrote on X.
See Also:&nbsp;<a href="https://benzinga.com/news/25/04/45090231/elon-musk-says-will-come-as-a-surprise-to-most-as-chinas-economy-surpasses-us-and-eu-amid-rising-tariffs-and" target="_blank" rel="noreferrer noopener">Elon Musk Says Will Come As A ‘Surprise To Most' As China's Economy Surpasses US And EU Amid Rising Tariffs And Growing Recession Fears</a>
<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">Full transparency, I did not know about this section on pages 278-279 of the OBBB that strips states of the right to make laws or regulate AI for 10 years. I am adamantly OPPOSED to this and it is a violation of state rights and I would have voted NO if I had known this was in… <a href="https://t.co/bip3hztSGq">pic.twitter.com/bip3hztSGq</a>
&mdash; Rep. Marjorie Taylor Greene&#x1f1fa;&#x1f1f8; (@RepMTG) <a href="https://twitter.com/RepMTG/status/1929946902566494653?ref_src=twsrc%5Etfw">June 3, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Why It's Important: Previously, California state senator Scott Wiener described the measure as "truly gross," stating on social media that while Congress struggles to regulate AI effectively, it's simultaneously trying to prevent states from taking action too.
A bipartisan coalition of state attorneys general also expressed opposition. South Carolina Attorney General Alan Wilson, a Republican, said, "Instead of stepping up with real solutions, Congress wants to tie our hands."
Now, Greene's stance could jeopardize the bill's passage, as Republicans hold a narrow House majority and can only afford to lose three votes. Two GOP lawmakers already opposed the bill when it passed the House last month, <a href="https://thehill.com/policy/technology/5330705-greene-opposes-ai-regulation-provision/">reported</a> The Hill.
Photo Courtesy: Philip Yabut on Shutterstock.com
Read Next:
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<li><a href="https://benzinga.com/25/04/45071155/mild-recession-is-best-case-outcome-jpmorgan-ceo-jamie-dimon" target="_blank" rel="noreferrer noopener">JPMorgan CEO Jamie Dimon Warns Recession Is Best-Case Outcome Of Trump Trade War</a></li>
</ul>
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Government

Regulations

Marjorie Taylor Greene Says She's 'Adamantly Opposed' To Trump's 'Big Beautiful' Bill Over This AI Provision: 'I Would Have Voted NO If I Had Known This Was In There'

On Tuesday, Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) CEO Elon Musk <a href="https://www.benzinga.com/news/politics/25/06/45757029/elon-musk-slams-congressional-spending-bill-as-a-disgusting-abomination">criticized</a> President Donald Trump's flagship spending bill, drawing praise from economist Peter Schiff for confronting what both see as Republican fiscal hypocrisy.
What Happened: Musk blasted the proposed legislation—dubbed the "One Big Beautiful Bill Act"—calling it a "disgusting abomination" that would massively inflate the federal deficit.&nbsp;
"Shame on those who voted for it: you know you did wrong. You know it," Musk wrote on X, formerly Twitter.
Musk, who has stepped down from his role as head of the Department of Government Efficiency, stated that the bill would push the annual deficit to $2.5 trillion and saddle Americans with "crushingly unsustainable debt."
See Also:&nbsp;<a href="https://www.benzinga.com/tech/25/05/45486639/sundar-pichai-reveals-google-parent-once-super-intensely-debated-about-buying-netflix-in-a-world-of-butterfly-effects" target="_blank" rel="noreferrer noopener">Sundar Pichai Reveals Google-Parent Once Super Intensely Debated About Buying Netflix: ‘In A World Of Butterfly Effects…&#8217;</a>
Economist and market commentator Schiff supported Musk's remarks, labeling the bill a fraud. "It will actually increase annual deficits by much more as the economic and interest rate assumptions are too optimistic," Schiff posted.
<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">It will actually increase annual deficits by much more as the economic and interest rate assumptions are too optimistic. Plus, the &quot;cuts&quot; that don&#39;t kick in for five years will never actually take effect. The entire bill is a fraud.
&mdash; Peter Schiff (@PeterSchiff) <a href="https://twitter.com/PeterSchiff/status/1929964295133245467?ref_src=twsrc%5Etfw">June 3, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
"I'm so glad Elon is willing to call out the hypocrisy in the Republican party. He is a man of principle."
<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&#39;m so glad Elon is willing to call out the hypocrisy in the Republican party. He is a man of principle. The Big, Beautiful Bill is a fraud. Hopefully Elon can persuade Trump to veto it if it passes the Senate in its current form, or anything close to it. <a href="https://t.co/KqSAFVCe1i">https://t.co/KqSAFVCe1i</a>
&mdash; Peter Schiff (@PeterSchiff) <a href="https://twitter.com/PeterSchiff/status/1929962299189801420?ref_src=twsrc%5Etfw">June 3, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Why It's Important: The bill, passed in the House by a single vote, would extend Trump's 2017 tax cuts and significantly boost military and border security spending.
The nonpartisan Congressional Budget Office estimates it would add $3.8 trillion to the national debt, which already stands at $36.2 trillion, reported Reuters.
On Tuesday, the White House brushed off <a href="https://www.benzinga.com/news/25/05/45635854/elon-musk-disappointed-with-trumps-big-beautiful-bill-says-it-undermines-the-work-that-the-doge-team-is-doing">Musk's latest criticism</a>, similar to how Trump had previously dismissed Musk&#8217;s objections to the legislation.
"The president already knows where Elon Musk stood on the bill," White House press secretary Karoline Leavitt stated during a briefing. "It doesn&#8217;t change the president&#8217;s opinion. This is one big, beautiful bill, and he&#8217;s sticking to it," the report noted.
Photo Courtesy: RKY Photo on Shutterstock.com
Read Next:
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<li><a href="https://www.benzinga.com/markets/25/06/45714305/trumps-manufacturing-narrative-weakens-as-may-data-shows-sharper-contraction-stubborn-inflation" target="_blank" rel="noreferrer noopener">Trump's Manufacturing Narrative Weakens As May Data Shows Sharper Contraction, Stubborn Inflation</a></li>
</ul>
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Media

TSLA

Peter Schiff Backs Musk's Furious Attack On Trump's 'Disgusting' Budget Bill, Slams GOP Hypocrisy: 'So Glad ... Hopefully Elon Can Persuade Trump To Veto It'

U.S. stock markets ended the day in the green, with the Nasdaq climbing more than 150 points, up 0.8% to 19,398.86. The S&amp;P 500 advanced 0.58% to finish at 5,970.37, while the Dow Jones Industrial Average added 0.5%, closing at 42,519.64. These are the top stocks that gained the attention of retail traders and investors throughout the day:
CoreWeave Inc.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CRWV#NASDAQ">CRWV</a>)
CoreWeave&#8217;s stock surged 25.19% to $150.48, hitting a new high of $150.88 during the day. The stock&#8217;s 52-week low is $33.52. The company announced a <a href="https://www.benzinga.com/trading-ideas/movers/25/06/45755892/coreweave-stock-hits-new-highs-whats-going-on">significant long-term infrastructure agreement</a> with Applied Digital Corp, involving two 15-year lease agreements for 250 megawatts of critical IT load. 
Nvidia Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>)
Nvidia&#8217;s stock climbed 2.80% to $141.22, reaching an intraday high of $142 and a low of $137.95. The stock remains below its 52-week high of $153.13. Morgan Stanley reaffirmed its &#8220;Overweight&#8221; rating on Nvidia, calling it a &#8220;unique opportunity&#8221; amid chip sector volatility. Analysts are confident in Nvidia's <a href="https://www.benzinga.com/analyst-stock-ratings/reiteration/25/06/45742324/nvidia-stock-seen-as-unique-opportunity-amid-chip-sector-volatility-says-morgan-stanley-we-are-materially-under-shipping-demand">potential for business acceleration</a>, despite broader concerns in the semiconductor industry.
Wells Fargo &amp; Co&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WFC#NYSE">WFC</a>)
Wells Fargo shares increased by 1.24% to $75.65, with a high of $75.83 and a low of $74.37. The stock is trading below its 52-week high of $81.50. The Federal Reserve <a href="https://www.benzinga.com/trading-ideas/movers/25/06/45761169/wells-fargo-stock-is-rising-after-hours-whats-going-on">lifted asset growth restrictions</a> imposed on Wells Fargo in 2018, allowing the bank to expand its total assets.
CrowdStrike Holdings Inc.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CRWD#NASDAQ">CRWD</a>)
CrowdStrike shares rose by 2.00% to close at $488.76, with an intraday high of $491.20 and a low of $477.45. The stock is nearing its 52-week high of $491.20. In the after-hours trading, the shares fell sharply by 6.5% to $457.08. The cybersecurity firm reported first-quarter revenue of $1.10 billion, falling short of analyst expectations of $1.16 billion. Adjusted earnings also missed estimates, coming in at 73 cents per share against the expected 81 cents. Despite this, the company raised its FY26 guidance and <a href="https://www.benzinga.com/markets/earnings/25/06/45758937/crowdstrike-q1-earnings-revenue-eps-miss-estimates-cybersecurity-company-raises-fy26-guidance-approves-1b-buyback">approved a $1 billion buyback</a>.
Robinhood Markets, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HOOD#NASDAQ">HOOD</a>)
Robinhood&#8217;s stock rose 5.50% to $71.72, with an intraday high of $72.72 and a low of $69.06. The stock is approaching its 52-week high of $72.72. The company announced a <a href="https://www.benzinga.com/trading-ideas/movers/25/06/45752312/robinhood-stock-is-moving-higher-tuesday-whats-going-on">$200 million acquisition</a> of Bitstamp, a cryptocurrency platform that allows trading in Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) and other digital assets. Robinhood is gaining access to a broad regulatory footprint and a substantial customer base.
<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="449" height="286" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/03212212/Screenshot-2025-06-04-at-10.21.55.png" alt="" class="wp-image-937449" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/03212212/Screenshot-2025-06-04-at-10.21.55.png 449w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/03212212/Screenshot-2025-06-04-at-10.21.55-300x191.png 300w" sizes="(max-width: 449px) 100vw, 449px" /></a></figure>
Benzinga Edge Stock Rankings show that CrowdStrike Holdings scores high on Short, Medium and Long Price Trends. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">Here is how the stock ranks</a> on other metrics.
Photo Courtesy: Gsign76 On Shutterstock.com
Prepare for the day&#8217;s trading&nbsp;<a href="https://editorial.benzinga.com/wp-admin/Premarket%20Movers%20&amp;%20News">with top premarket movers and news</a>&nbsp;by Benzinga.
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This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/author/shivdeep-dhaliwal" target="_blank" rel="noreferrer noopener">Shivdeep Dhaliwal</a>

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Anthony Scaramucci, founder and CEO of SkyBridge Capital, supported the idea of JPMorgan Chase &amp; Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JPM#NYSE">JPM</a>) CEO Jamie Dimon running for president on Tuesday.
What happened: Scaramucci posted on X a Fortune story titled &#8220;Jamie Dimon for president? Why the banking CEO would be a welcome alternative for many voters,&#8221; deeming the analysis as "spot on."
The op-ed makes a case for Dimon as a potential presidential candidate, suggesting he could appeal to voters seeking a business-savvy and pragmatic leader and one who will implement "sensible" regulations.
<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">Jamie Dimon for president? Why the banking CEO would be a welcome alternative for many voters <a href="https://t.co/BGcLxpW9OP">https://t.co/BGcLxpW9OP</a> spot on from <a href="https://twitter.com/JeffSonnenfeld?ref_src=twsrc%5Etfw">@JeffSonnenfeld</a>
&mdash; Anthony Scaramucci (@Scaramucci) <a href="https://twitter.com/Scaramucci/status/1929948477133406657?ref_src=twsrc%5Etfw">June 3, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
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/crypto/cryptocurrency/25/06/45740537/forget-dollars-willy-woo-says-bitcoin-will-be-priced-against-global-gdp-gold-used-to-be-that-money-btc-is-the-challenger">Forget Dollars: Willy Woo Says Bitcoin Will Be Priced Against Global GDP — &#8216;Gold Used To Be That Money, BTC Is The Challenger&#8217;</a>
Why It Matters: The endorsement was noteworthy given Dimon&#8217;s public criticism of Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>), an asset Scaramucci vehemently advocates for.
Just last week, Dimon said that the U.S. must focus more on traditional defense priorities and <a href="https://www.benzinga.com/crypto/cryptocurrency/25/05/45709673/us-should-stockpile-bullets-not-bitcoin-jamie-dimon-says">less on stockpiling Bitcoin</a>. The JPMorgan CEO previously stated that the leading cryptocurrency<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"> possesses &#8220;no intrinsic value</a>.&#8221;
Interestingly, Scaramucci <a href="https://www.benzinga.com/markets/cryptocurrency/22/04/26515432/didnt-do-their-homework-bitcoin-bull-scaramucci-takes-shot-at-warren-buffett-and-jamie-dim">took a shot</a> at Dimon and other cryptocurrency skeptics back in April 2022, saying that these investors were hesitant to join the cryptocurrency bandwagon because they had not done enough research on the matter.
Price Action:&nbsp; At the time of writing, BTC was exchanging hands at $105,593.36, down 0.59% 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 down 0.06% in after-hours trading after closing 0.61% higher at $266.27 during Tuesday&#8217;s regular trading session.
JPM ranked high on the momentum and growth metrics as of this writing. For more information on other banking stocks, check out the <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound" target="_blank" rel="noreferrer noopener">Benzinga Edge Stock Rankings</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 loading="lazy" decoding="async" width="962" height="186" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/03212556/image-37.png" alt="" class="wp-image-937457" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/03212556/image-37.png 962w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/03212556/image-37-300x58.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/03212556/image-37-768x148.png 768w" sizes="(max-width: 962px) 100vw, 962px" /></a></figure>
Photo Courtesy: Al Teich On Shutterstock.com
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Anthony Scaramucci Agrees Bitcoin Skeptic Jamie Dimon Would Be A 'Welcome Alternative' As President

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Mark Cuban doesn't sugarcoat what it's like to be wealthy. "It makes ugly people handsome and pretty," he joked during a recent appearance on the &#8220;<a href="https://www.youtube.com/watch?v=lUwmA0lOWwM">Your Mom's House</a>&#8221; podcast.
The billionaire entrepreneur and former <a href="https://www.benzinga.com/25/05/45510105/mark-cuban-is-done-with-shark-tank-but-here-are-5-investments-on-the-show-that-made-him-some-serious-money">&#8220;Shark Tank&#8221; investor</a> opened up about how money and fame change how others perceive and treat you.
<h2 class="wp-block-heading">People Treated Very Differently After Getting Rich</h2>
&#8220;When you&#8217;re on these lists and everything, people know who you are,&#8221; he explained. &#8220;People treat you differently.&#8221; Cuban, who <a href="https://www.benzinga.com/personal-finance/24/10/41403246/mark-cuban-was-so-broke-he-didnt-even-have-200-needed-to-open-a-bank-account-and-now-hes-worth-b">grew up working class in Pittsburgh</a>, said he still values his privacy and avoids expanding his social circle. &#8220;I&#8217;m not looking for new friends. My friends are my high school buddies, my college buddies, my rugby teammates.&#8221;
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&#8220;There&#8217;s a fame mist. Once you become famous, people like you a lot more. Same with money,&#8221; podcast co-host Christina Pazsitzky said, with Cuban agreeing: &#8220;They go hand in hand.&#8221;
He admits the attention can be uncomfortable. Even his kids sometimes ask him <a href="https://www.benzinga.com/general/sports/25/01/42803678/mark-cuban-on-selling-dallas-mavericks-stake-i-didnt-want-my-kids-feeling-the-pressure-of-walking-into-my-spot">not to come</a> to their basketball games because of the commotion. &#8220;They know if I go, the other team will come up and take pictures,&#8221; he said. So sometimes he&#8217;ll just come in the back door.
<h2 class="wp-block-heading">Money Doesn&#8217;t Guarantee Happiness</h2>
Cuban says the biggest misconception about wealth is that it automatically makes life better. &#8220;If you were happy when you were poor, you&#8217;re going to be happy when you&#8217;re rich. If you were miserable when you were poor, you&#8217;re going to be miserable when you&#8217;re rich.&#8221;
One of his first big purchases? A plane. But he says the real luxury is time. &#8220;The time that you save is money in the bank,&#8221; he told the podcast co-host, Tom Segura. &#8220;The more time you have, the more money you&#8217;ll make.&#8221;
Trending: Maximize saving for your retirement and cut down on taxes: <a href="https://www.benzinga.com/money/wideradvisor-retirement-planning">Schedule your free call with a financial advisor to start your financial journey – no cost, no obligation</a>.
<h2 class="wp-block-heading">He Was Hustling At 16</h2>
Cuban shared a story from his teenage years during a newspaper strike in Pittsburgh. At 16, he and his friends drove to Cleveland, bought up newspapers, and then resold them in Pittsburgh for a profit. They stood on the corners in the morning selling papers for a dollar each when they used to be a quarter, with people even tipping them.
That entrepreneurial spirit never faded. He says he's been that way since age 9 or 10. Today, he encourages his children to follow their own paths. &#8220;You don't have to know what you're going to be when you grow up,&#8221; he told one of his kids. &#8220;Just be curious. The more knowledge you have, the more capabilities and options you have.&#8221;
See Also: These five entrepreneurs are worth $223 billion –<a href="https://www.benzinga.com/money/arrived-homes-private-credit-fund"> they all believe in one platform that offers a 7-9% target yield with monthly dividends</a>
<h2 class="wp-block-heading">He&#8217;s Still Motivated By Learning</h2>
Even with all his success, Cuban says he still reads daily and keeps learning, especially about AI and healthcare. He credits motivational speaker Zig Ziglar for helping him stay driven early in his career. He&#8217;d drive around listening to the same Zig Ziglar tape over and over to get motivated.
Cuban then emphasized one of his core beliefs: failure is part of the game. &#8220;If you&#8217;re not failing, you&#8217;re not trying.&#8221;
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Image: Shutterstock

'People Treat You Differently' When You're Rich, Says Mark Cuban. He Thinks Money 'Makes Ugly People Handsome And Pretty'

Performance Food Gr (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PFGC#NYSE">PFGC</a>) has outperformed the market over the past 5 years by 9.07% on an annualized basis producing an average annual return of 22.09%. Currently, Performance Food Gr has a market capitalization of $13.87 billion. 
Buying $100 In PFGC: If an investor had bought $100 of PFGC stock 5 years ago, it would be worth $282.67 today based on a price of $88.87 for PFGC at the time of writing.
<h3>Performance Food Gr's Performance Over Last 5 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2025/1748994325_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

PFGC

$100 Invested In Performance Food Gr 5 Years Ago Would Be Worth This Much Today

Agnico Eagle Mines (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AEM#NYSE">AEM</a>) has outperformed the market over the past 10 years by 3.67% on an annualized basis producing an average annual return of 14.75%. Currently, Agnico Eagle Mines has a market capitalization of $61.67 billion. 
Buying $100 In AEM: If an investor had bought $100 of AEM stock 10 years ago, it would be worth $390.16 today based on a price of $122.68 for AEM at the time of writing.
<h3>Agnico Eagle Mines's Performance Over Last 10 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2025/1748993412_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

$100 Invested In Agnico Eagle Mines 10 Years Ago Would Be Worth This Much Today

Broadcom (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVGO#NASDAQ">AVGO</a>) has outperformed the market over the past 15 years by 25.54% on an annualized basis producing an average annual return of 37.74%. Currently, Broadcom has a market capitalization of $1.21 trillion. 
Buying $100 In AVGO: If an investor had bought $100 of AVGO stock 15 years ago, it would be worth $12,178.76 today based on a price of $256.62 for AVGO at the time of writing.
<h3>Broadcom's Performance Over Last 15 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2025/1748992511_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

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