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NatWest Group derives around 90% of its total income from the United Kingdom. The bank operates a retail, commercial, and private bank in the U.K., offering clients lending and payment services as well as asset management services.

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NEWGEN TECHNOLOGIES INC by NewGen Technologies, Inc.

The Securities and Exchange Commission delayed the approval of several cryptocurrency spot exchange-traded funds Tuesday, including Litecoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/ltc/usd">LTC</a>), Solana (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/sol/usd">SOL</a>), XRP (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/xrp/usd">XRP</a>), and Dogecoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/doge/usd">DOGE</a>).
What Happened:&nbsp;The regulator postponed decisions on Canary Solana Trust ETF, VanEck Solana Trust ETF, 21Shares Core Solana ETF, Canary XRP Trust ETF, and Bitwise XRP ETF, along with Grayscale Investments&#8217; applications for XRP, DOGE, ADA, and LTC.
The SEC previously <a href="https://in.benzinga.com/25/02/43613700/cardano-outgains-bitcoin-ethereum-with-11-rally-after-its-first-ever-spot-etf-application-in-the-us">acknowledged </a>the 19b-4 filings, a mandatory step to list any ETF on Wall Street. Following the Form 19b-4 application, the agency usually has 45 days (which can be extended to another 45 days) to decide on the proposed rule change. The SEC can further extend the timeline with additional review periods of 45 and 60 days. 
Leading Bloomberg analyst James Seyffart said the delay in approval was not surprising. &#8220;It&#8217;s&nbsp;expected as this is standard&nbsp;procedure, &amp; [Paul] Atkins hasn&#8217;t even been confirmed yet.&#8221;
However, he stressed that the delay does not affect the &#8220;relatively high&#8221; odds of approval for these ETFs, whose final deadlines are not until October.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Yes, the SEC just punted on a bunch of alt coin ETF filings including Litecoin, Solana, XRP &amp; DOGE. It&#39;s expected as this is standard procedure &amp; Atkins hasn&#39;t even been confirmed yet. This doesn&#39;t change our (relatively high) odds of approval. Also note that the final deadlines…
&mdash; James Seyffart (@JSeyff) <a href="https://twitter.com/JSeyff/status/1899551715197628838?ref_src=twsrc%5Etfw">March 11, 2025</a></blockquote>
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In addition, the SEC delayed decisions on applications related to in-kind creation and redemption for 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>).
See Also:<a href="https://www.benzinga.com/24/12/42735744/pharma-bro-martin-shkreli-predicts-doom-for-michael-saylors-microstrategy-as-stock-dips-below-300-in-after-hours-trading"> </a><a href="https://www.benzinga.com/25/03/44240035/ethereum-shrinks-over-30-since-eric-trumps-great-time-to-add-eth-suggestion">Eric Trump&#8217;s &#8216;Great Time&#8217; To Buy ETH Backfires? Ethereum Plunges 30% Since His Buy Call</a>
Why It Matters:&nbsp;A <a href="https://in.benzinga.com/trading-ideas/movers/25/01/43328116/litecoin-spikes-over-11-after-sec-acknowledges-etf-filing-market-regulator-says-ltc-very-similar-to-bitcoin">flurry </a>of spot exchange-traded funds have been filed since President Donald Trump took office in January, hoping to benefit from what they perceive as a cryptocurrency-friendly regime.
Trump signed a <a href="https://in.benzinga.com/25/03/44183572/trump-establishes-strategic-bitcoin-reserve-funded-by-forfeited-assets-i-made-the-promise">historic executive order</a> creating a Strategic Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) Reserve and a U.S. Digital Asset Stockpile last week. In line with this, legislation <a href="https://www.benzinga.com/markets/cryptocurrency/25/03/44261690/bitcoin-act-of-2025-introduced-in-the-house-of-representatives">was tabled</a> in the House of Representatives on Tuesday, proposing the acquisition of one million BTC over five years.
Photo via Shutterstock.
Read Next:&nbsp;
<ul>
<li><a href="https://www.benzinga.com/markets/cryptocurrency/25/03/44239669/peter-schiff-says-hard-to-see-rationale-of-trumps-crypto-reserve-move-if-bitcoin-has-plunged-30-since-january-critics-clap-back-with-store-of-value-narrative">Peter Schiff Says Hard To See Rationale Of Trump&#8217;s Crypto Reserve Move If Bitcoin Has Plunged 30% Since January, Critics Clap Back With &#8216;Store Of Value&#8217; Narrative</a></li>
</ul>

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Dogecoin, XRP ETF Filings Delayed By SEC But Influential Analyst Says 'Relatively High' Odds Of Approval

Bluesky CEO Jay Graber took the SXSW stage this week wearing a Latin phrase that's now fueling online speculation over whether it was a quiet jab at Meta Platforms, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>) CEO Mark Zuckerberg.
What Happened: During her appearance at SXSW, Graber wore a black T-shirt with the Latin phrase "Mundus sine caesaribus"—which translates to "A world without Caesars."
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true"><a href="https://t.co/TKcRdsLEdt">pic.twitter.com/TKcRdsLEdt</a>
&mdash; bluesky (@bluesky) <a href="https://twitter.com/bluesky/status/1899171506514706512?ref_src=twsrc%5Etfw">March 10, 2025</a></blockquote>
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The bold wardrobe choice caught attention due to its apparent contrast to Zuckerberg, who has become known for sporting shirts with Latin or Greek phrases, often invoking Roman history and power, first <a href="https://www.businessinsider.com/bluesky-ceo-shirt-latin-trolls-mark-zuckerberg-sxsw-2025-3">noted</a> by Business Insider.
See Also: <a href="https://www.benzinga.com/25/03/44266805/trump-turns-white-house-into-tesla-showroom-says-elon-musk-was-treated-very-unfairly-heres-the-car-he-picked-for-himself">Trump Turns White House Into Tesla Showroom, Says Elon Musk Was &#8216;Treated Very Unfairly&#8217; — Here&#8217;s The Car He Picked For Himself</a>
At his 40th birthday party last year, <a href="https://www.benzinga.com/news/24/05/38865744/carthago-delenda-est-was-mark-zuckerbergs-cryptic-birthday-tee-a-meta-message-or-a-party-joke">Zuckerberg wore a t-shirt</a> that said "Carthago delenda est" ("Carthage must be destroyed"), and at the Meta Connect developer conference, he wore "Aut Zuck aut nihil"—a twist on "Aut Caesar aut nihil" ("Either Caesar or nothing"), suggesting a <a href="https://www.benzinga.com/news/24/09/41051713/zuckerberg-channels-his-inner-caesar-shows-love-for-roman-empire-at-connect-event-all-zuck-or-all-no">parallel between himself</a> and Julius Caesar.
While Graber hasn't commented on the meaning behind her shirt, some people online are interpreting it as a subtle critique of tech billionaires and centralized power.
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.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Bluesky CEO Jay Graber wears a T-shirt saying &#39;Mundus sine caesaribus&#39; (a world without Caesars) at SXSW 2025, trolling Mark Zuckerberg&#39;s &#39;Aut Zuck aut nihil&#39; (Zuck or nothing). The social media rivalry gets classical! <a href="https://twitter.com/hashtag/SXSW2025?src=hash&amp;ref_src=twsrc%5Etfw">#SXSW2025</a> <a href="https://twitter.com/hashtag/SocialMediaRivalry?src=hash&amp;ref_src=twsrc%5Etfw">#SocialMediaRivalry</a> <a href="https://t.co/QJgHV6O6st">pic.twitter.com/QJgHV6O6st</a>
&mdash; vignesh prabhu (@prabhu_ai) <a href="https://twitter.com/prabhu_ai/status/1899653357486358992?ref_src=twsrc%5Etfw">March 12, 2025</a></blockquote>
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">At SXSW, Bluesky CEO Jay Graber took a jab at Mark Zuckerberg, wearing a shirt that read "a world without Caesars." She emphasized Bluesky's commitment to decentralization, calling it a network "immune to billionaires."
&mdash; Julia De Luca (@judeluca_tech) <a href="https://twitter.com/judeluca_tech/status/1899277432622043495?ref_src=twsrc%5Etfw">March 11, 2025</a></blockquote>
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Why It's Important: The shirt fuels a growing narrative around Bluesky's positioning as a decentralized, user-first alternative to platforms like Meta's Threads and Elon Musk's X, formerly Twitter.
Graber's message—intentional or not—reinforces Bluesky's broader mission to reduce centralized control in social media.
Bluesky, originally incubated within Twitter under Jack Dorsey, launched as an independent platform in early 2024.
Following the 2024 U.S. presidential election, Bluesky <a href="https://www.benzinga.com/general/social-media/24/12/42566461/mark-cuban-says-this-is-the-holy-grail-that-makes-bluesky-better-than-musks-x-platform">experienced explosive growth</a>. In January 2025, the platform reportedly reached a <a href="https://www.benzinga.com/25/01/42867967/elon-musks-x-rival-bluesky-is-being-valued-at-700-million-after-explosive-growth-post-trumps-victory-report">valuation of $700 million</a>.
Image via Shutterstock
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>.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/25/01/43120820/if-you-invested-1000-in-bitcoin-when-peter-thiel-said-the-top-crypto-might-not-rise-dramatically-heres-how-much-youd-have-made-today" target="_blank" rel="noreferrer noopener">If You Invested $1,000 In Bitcoin When Billionaire Peter Thiel Said BTC Might Not Rise ‘Dramatically,&#8217; Here&#8217;s How Much You&#8217;d Have Made Today</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.

Tech

Media

Mark Zuckerberg Trolled By Bluesky CEO's Subtle Jab? 'World Without Caesars' Shirt At SXSW Raises Eyebrows

President Donald Trump&#8216;s recent purchase of a Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) Model S Plaid for White House staff use could significantly boost the electric vehicle maker&#8217;s sales, according to Gary Black.
What Happened: Black, Managing Partner of The Future Fund LLC, wrote on X that &#8220;President Trump&#8217;s endorsement of Tesla today is potentially HUGE.&#8221; 
Black calculated that if just 5% of Republicans who would consider buying a Tesla follow through after Trump&#8217;s endorsement, it could result in 1.7 million incremental purchases, nearly matching Tesla&#8217;s global delivery forecast of 1.8 million vehicles for fiscal year 2025.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">President Trump's endorsement of Tesla today is potentially HUGE. Recall that 77.3M (49.9%) of American adults who voted selected Trump. Applying 49.9% to the total U.S. adult population of 260M implies 129.7M who likely align themselves with Trump and respect Trump's opinions.… <a href="https://t.co/r0TkM6mNPX">https://t.co/r0TkM6mNPX</a>
&mdash; Gary Black (@garyblack00) <a href="https://twitter.com/garyblack00/status/1899601211814527077?ref_src=twsrc%5Etfw">March 11, 2025</a></blockquote>
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Trump selected an Ultra Red Model S Plaid during a 30-minute White House event that featured five Tesla models. &#8220;The one I like is that one,&#8221; Trump said, insisting on paying full <a href="https://www.benzinga.com/25/03/44266805/trump-turns-white-house-into-tesla-showroom-says-elon-musk-was-treated-very-unfairly-heres-the-car-he-picked-for-himself">price for the vehicle</a>. During the presentation, Tesla CEO Elon Musk stood beside the president and attempted to promote the Cybertruck&#8217;s bulletproof features.
See Also: <a href="https://www.benzinga.com/25/03/44267277/trump-scraps-50-tariff-hike-on-canadian-steel-aluminum-after-ontario-backs-down">Trump Scraps 50% Tariff Hike On Canadian Steel, Aluminum After Lutnick Talks With Ontario Premier</a>
Why It Matters: The president praised Musk as a &#8220;patriot&#8221; who was being &#8220;unfairly maligned&#8221; for his efforts to <a href="https://www.benzinga.com/25/03/44266805/trump-turns-white-house-into-tesla-showroom-says-elon-musk-was-treated-very-unfairly-heres-the-car-he-picked-for-himself">reduce government spending</a>. &#8220;Our country is going to be very strong, very smooth, because of a lot of the things that he&#8217;s done,&#8221; Trump said, crediting Musk for identifying &#8220;billions and billions of dollars of fraud and waste.&#8221;
The endorsement comes at a critical time for Tesla, whose shares had tumbled 15% on Monday after analysts cut delivery projections. The stock rebounded on Tuesday following Trump&#8217;s announcement of <a href="https://www.benzinga.com/markets/25/03/44240714/trump-says-he-will-buy-a-brand-new-tesla-to-support-elon-musk-as-stock-falls-over-53-erasing-nearly-800-billion-in-investor-wealth-since-december-peak">his intention to purchase the vehicle</a>. Overall, Tesla&#8217;s stock has fallen over 53% since December, erasing nearly $800 billion in investor wealth.
Investors have expressed concern that Musk&#8217;s involvement with the Trump administration through the Department of Government Efficiency has <a href="https://www.benzinga.com/markets/equities/25/03/44246100/trump-makes-false-claim-about-tesla-boycotts-musk-blames-soros-and-linkedin-co-founder-for-backing-protests">distracted him from his companies</a>, including Tesla, SpaceX, X, and xAi.
Price Action: Tesla closed at $230.58 on Tuesday, up 3.79%. After hours, it rose to $234.99, gaining 1.91%. Year to date, the stock is down 39.21%, according to <a href="https://pro.benzinga.com/dashboard">data from Benzinga Pro</a>.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/markets/equities/25/03/44212672/jamie-dimon-cashed-out-234-million-in-jpmorgan-stock-warren-buffett-stockpiled-334-billion-in-cash-weeks-later-markets-crashed-coincidence" target="_blank" rel="noreferrer noopener">Jamie Dimon Cashed Out $234 Million In JPMorgan Stock, Warren Buffett Stockpiled $334 Billion In Cash — Weeks Later, Markets Crashed. Coincidence?</a></li>
</ul>
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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.

Equities

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Trump Buys Tesla Model S Plaid, Gary Black Calls Endorsement 'Potentially Huge,' Says It Could Drive 1.7 Million Sales

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WisdomTree Trust Japan Total Dividend Fund

Reported Earlier, Japan BSI Large Manufacturing Conditions For Q1 -2.4 Vs. 6.5 Est.; 6.3 Prior

Palantir Technologies Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PLTR#NYSE">PLTR</a>) Senior Counselor Samantha Clark has urged the Pentagon to embrace commercial software solutions or risk lagging behind global adversaries in an <a href="https://www.benzinga.com/markets/equities/25/03/44157866/palantirs-head-of-defense-warns-of-chinas-war-preparations-were-not-taking-it-seriously">increasingly data-driven battlefield</a>.
What Happened: Clark, a former Deputy Staff Director for the U.S. Senate Armed Services Committee, co-authored a recent policy <a href="https://nationalinterest.org/blog/techland/the-pentagon-needs-a-software-update-literally">paper</a> on National Interest with American Enterprise Institute Senior Fellow William Greenwalt and Palantir senior counselor Greg Little, arguing that the Department of Defense&#8217;s limited software spending threatens national security posture.
&#8220;Software offers perhaps the most compelling way to close current and future gaps between the United States and its adversaries,&#8221; the authors stated, highlighting that the DOD allocates less than 1% of its budget—approximately $5 billion—to software acquisition.
The paper comes just days after Defense Secretary Pete Hegseth&#8216;s Mar. 6 memo directing the adoption of the Software Acquisition Pathway as the preferred method for all software development components, acknowledging that &#8220;software-defined warfare is not a future construct, but the reality we find ourselves operating in today.&#8221;
This <a href="https://www.benzinga.com/markets/equities/25/03/44157866/palantirs-head-of-defense-warns-of-chinas-war-preparations-were-not-taking-it-seriously">policy shift aligns with concerns</a> raised by Palantir&#8217;s Head of Defense Mike Gallagher, who warned at the National Security Innovation Base Summit that &#8220;China is preparing for war with America, and we&#8217;re not taking it seriously.&#8221;
See Also:&nbsp;<a href="https://www.benzinga.com/25/03/44260839/tech-stocks-bitcoin-strongly-rebound-as-ukraine-backs-us-proposal-for-30-day-ceasefire-with-russia" target="_blank" rel="noreferrer noopener">Markets Bounce As Ukraine Expresses Readiness For 30-Day Ceasefire Proposal With Russia</a>
Why It Matters: The authors describe a critical disparity between commercial and defense technology adoption, noting that major tech companies collectively spent $227 billion on R&amp;D in 2023—forty-five times the Pentagon&#8217;s software investment. They argue that the Pentagon&#8217;s preference for in-house development and intellectual property control hampers innovation and creates inefficiencies.
&#8220;By shifting to a commercial software-first approach, the DOD can ensure that it remains agile, responsive, and prepared to meet the evolving challenges of the modern battlefield,&#8221; the authors concluded.
Palantir, which reported a 45% year-over-year increase in U.S. government revenue to $343 million in the fourth quarter, has seen its stock surge to $78.05, with analysts setting an <a href="https://www.benzinga.com/quote/PLTR/analyst-ratings">average price target</a> of $70.30. Wedbush Securities recently <a href="https://www.benzinga.com/markets/equities/24/12/42356725/alex-karp-supports-doge-as-trump-taps-palantirs-shyam-shankar-for-border-security-role-cannot-have-a-better-person-than-musk">compared investing in PLTR</a> to buying Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) stock in 2015.
Palantir demonstrates strong momentum, according to <a href="https://www.benzinga.com/quote/PLTR">Benzinga Edge ranking</a> with a sustained long-term uptrend, though its low-value score suggests potential overvaluation while growth remains moderate.
<figure class="wp-block-image size-full"><img decoding="async" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/03/11234151/Screenshot-2025-03-12-at-9.02.51%E2%80%AFAM.png" alt="" class="wp-image-819876" /></figure>
Read Next:
<ul>
<li><a href="https://www.benzinga.com/markets/equities/25/03/44212672/jamie-dimon-cashed-out-234-million-in-jpmorgan-stock-warren-buffett-stockpiled-334-billion-in-cash-weeks-later-markets-crashed-coincidence" target="_blank" rel="noreferrer noopener">Jamie Dimon Cashed Out $234 Million In JPMorgan Stock, Warren Buffett Stockpiled $334 Billion In Cash — Weeks Later, Markets Crashed. Coincidence?</a></li>
</ul>
Image Via Shutterstock
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

PLTR

Palantir Calls For 'Software-First Approach' As Pentagon Spends Under 1% On Modern Warfare

Memecoins bounced back with a spirited rally Tuesday following Bitcoin's (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) upward advances.
What happened: Frog-themed Pepe surged over 11% to become the most successful large-cap memecoin over the last 24 hours. The Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>)-based coin was also the second-most traded meme coin in the 24-hour period.
Pepe was followed by Solana (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/sol/usd">SOL</a>)-based Bonk, which spiked over 8%, and Floki, which returned 7.39% to its holders in the last 24 hours.
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<td>Cryptocurrency</td>
<td>Gains +/-</td>
<td>Price (Recorded at 10:55 p.m. ET)</td>
</tr>
<tr>
<td>Pepe (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/">PEPE</a>)</td>
<td>+11.13%</td>
<td>$0.00006531</td>
</tr>
<tr>
<td>Bonk (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/">BONK</a>)</td>
<td>+8.06%</td>
<td>$0.00001042</td>
</tr>
<tr>
<td>Floki (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/">FLOKI</a>)</td>
<td>+7.39%</td>
<td>$0.00006101</td>
</tr>
</tbody>
</table>
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Blue-chip meme coins such as Dogecoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/doge/usd">DOGE</a>) and Shiba Inu (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/shib/usd">SHIB</a>) also pleased their investors, surging 5.73% and 4.86%, respectively.
See Also:<a href="https://www.benzinga.com/24/12/42735744/pharma-bro-martin-shkreli-predicts-doom-for-michael-saylors-microstrategy-as-stock-dips-below-300-in-after-hours-trading"> </a><a href="https://www.benzinga.com/25/03/44240035/ethereum-shrinks-over-30-since-eric-trumps-great-time-to-add-eth-suggestion">Eric Trump&#8217;s &#8216;Great Time&#8217; To Buy ETH Backfires? Ethereum Plunges 30% Since His Buy Call</a>
Furthermore, President Donald Trump's Official Trump (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/">TRUMP</a>) token rose 1.72% and was the only major meme coin to have recorded net gains year-to-date.
The total meme coin market capitalization reached $45.81 billion, following a 5.71% jump in the last 24 hours. However, over the last 30 days, the valuation has shrunk 32%.
The rise was <a href="https://www.benzinga.com/25/03/44267310/bitcoin-ethereum-dogecoin-recover-on-strategic-reserve-bill-in-congress-top-analyst-foresees-btcs-swift-move-to-88000-92000-if-this-happens">spurred by Bitcoin&#8217;s recovery to $83,000</a> Tuesday, a day after it fell below $76,000, after a bill aimed at funding the newly established Strategic Bitcoin Reserve was introduced in the House.
Image via Shutterstock
Read Next:&nbsp;
<ul>
<li><a href="https://www.benzinga.com/markets/cryptocurrency/25/03/44239669/peter-schiff-says-hard-to-see-rationale-of-trumps-crypto-reserve-move-if-bitcoin-has-plunged-30-since-january-critics-clap-back-with-store-of-value-narrative">Peter Schiff Says Hard To See Rationale Of Trump&#8217;s Crypto Reserve Move If Bitcoin Has Plunged 30% Since January, Critics Clap Back With &#8216;Store Of Value&#8217; Narrative</a></li>
</ul>

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$TRUMP

Pepe Leads Memecoin Rebound WIth 11% Rally, But Dogecoin, Shiba Inu Not That Far Behind

As China's AI race accelerates, the viral autonomous agent Manus AI has partnered with Alibaba Group Holding Ltd's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BABA#NYSE">BABA</a>) Qwen team to develop a localized version tailored for Chinese users.
What Happened: Manus, which was developed by Tencent Holdings (OTC:<a class="ticker" href="https://www.benzinga.com/stock/TCEHY#OTC">TCEHY</a>)-backed startup The Butterfly Effect, announced the development on Tuesday, <a href="https://www.scmp.com/tech/big-tech/article/3301986/ai-agent-manus-partners-alibabas-qwen-develop-chinese-version">reported</a> the South China Morning Post.
The partnership aims to ensure all Manus features run on domestic models and infrastructure, though a specific launch date has not been disclosed.
See Also: <a href="https://www.benzinga.com/tech/25/03/44238979/palantir-cofounder-peter-thiel-might-write-a-book-about-ancient-prophecies-the-antichrist-and-armageddon-he-thinks-were-ignoring-the-real-threat">Palantir Cofounder Peter Thiel Might Write A Book About Ancient Prophecies, The Antichrist, And Armageddon— He Thinks We&#8217;re Ignoring The Real Threat</a>
A representative from Alibaba Cloud confirmed the collaboration to the publication, saying both companies are working on open-source models and looking to support broader AI innovation in China.
Why It's Important: Manus gained <a href="https://in.benzinga.com/media/25/03/44214424/move-over-deepseek-not-so-fast-chinas-manus-ai-goes-viral-but-early-users-say-it-crashes-loops-and-fumbles-the-basics">global attention last week</a> after its invitation-only web preview showcased its ability to perform complex tasks.
A day after the launch of Manus AI Agent, Alibaba also introduced its latest AI reasoning model, saying that it outperforms competing models from OpenAI and DeepSeek.
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Manus AI agent, which builds on models such as Anthropic's Claude and fine-tuned versions of Alibaba's Qwen, is now being compared to <a href="https://in.benzinga.com/markets/equities/25/03/44103985/74-of-deepseeks-output-mimics-openais-chatgpt-new-study-reveals-it-does-raise-questions-about-its-development">Chinese AI frontrunner</a> DeepSeek.
Moreover, Alibaba's Qwen models, open-sourced since August 2023, have powered more than 90,000 derivative models worldwide, according to data from Hugging Face, an AI and machine-learning developer platform.
Alibaba&#8217;s wholesale marketplace arm has also set an ambitious goal for full AI adoption by <a href="https://www.benzinga.com/markets/25/03/44241563/alibabas-wholesale-marketplace-arm-sets-ambitious-goal-for-full-ai-adoption-by-merchants-in-2025">merchants by the end of 2025</a>.
Price Action: Alibaba shares have climbed 63.65% year-to-date. On Tuesday, the stock rose 4.789% to $139.02 during the regular session and added another 0.97% afterward, <a href="http://pro.benzinga.com/">according to Benzinga Pro</a>.
Photo Courtesy: Tada Images on Shutterstock.com
Check out more of Benzinga's Consumer Tech coverage by&nbsp;<a href="https://www.benzinga.com/topic/consumer-tech" target="_blank" rel="noreferrer noopener">following this link</a>.
Read Next:
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<li><a href="https://www.benzinga.com/25/01/43120820/if-you-invested-1000-in-bitcoin-when-peter-thiel-said-the-top-crypto-might-not-rise-dramatically-heres-how-much-youd-have-made-today" target="_blank" rel="noreferrer noopener">If You Invested $1,000 In Bitcoin When Billionaire Peter Thiel Said BTC Might Not Rise ‘Dramatically,' Here's How Much You'd Have Made Today</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.

BABA

TCEHY

China's Viral AI Agent Manus Taps Alibaba's Qwen For Local Expansion: What You Need To Know

Bridgewater Associates founder Ray Dalio warned on Wednesday that the United States faces a &#8220;very severe&#8221; supply-demand problem that could lead to &#8220;shocking developments&#8221; in <a href="https://www.benzinga.com/25/02/43966706/ray-dalio-urges-trump-to-cut-deficits-to-3-of-gdp-within-three-years-or-let-the-economy-suffer">the near future</a>.
What Happened: &#8220;The first thing is the debt issue,&#8221; Dalio said at the CONVERGE LIVE event in Singapore, emphasizing that the federal government will need to sell more debt than global markets can absorb, <a href="https://www.cnbc.com/2025/03/12/ray-dalio-warns-growing-us-debt-will-lead-to-shocking-developments.html">reported</a> CNBC.
The billionaire investor stressed the urgency of reducing the U.S. deficit from its projected 7.2% of GDP to approximately 3% — a substantial adjustment that would require significant fiscal changes.
&#8220;That&#8217;s a big deal. You are going to see shocking developments in terms of how that&#8217;s going to be dealt with,&#8221; Dalio warned.
His comments come amid <a href="https://www.benzinga.com/25/03/44260839/tech-stocks-bitcoin-strongly-rebound-as-ukraine-backs-us-proposal-for-30-day-ceasefire-with-russia">recent market volatility triggered</a> by trade policy uncertainty, adding to Wall Street&#8217;s concerns about global economic stability.
See Also:&nbsp;<a href="https://www.benzinga.com/25/03/44260839/tech-stocks-bitcoin-strongly-rebound-as-ukraine-backs-us-proposal-for-30-day-ceasefire-with-russia" target="_blank" rel="noreferrer noopener">Markets Bounce As Ukraine Expresses Readiness For 30-Day Ceasefire Proposal With Russia</a>
Why It Matters: In previous statements at the World Governments Summit in February, Dalio likened the $36.4 trillion federal debt to plaque <a href="https://www.benzinga.com/markets/25/02/43756938/ray-dalio-warns-of-looming-us-debt-crisis-says-america-faces-economic-heart-attack-without-fiscal-cuts">clogging the financial system&#8217;s arteries</a>, warning of a potential &#8220;economic heart attack&#8221; without immediate action. The current debt-to-GDP ratio stands at approximately 125%, with federal debt having surged 80% since 2020 while GDP grew only 38%.
Dalio has consistently advocated for his &#8220;3% solution,&#8221; which combines spending cuts, tax adjustments, and careful interest rate management. He recently supported President Donald Trump&#8216;s proposal for <a href="https://www.benzinga.com/25/02/43966706/ray-dalio-urges-trump-to-cut-deficits-to-3-of-gdp-within-three-years-or-let-the-economy-suffer">interest rate reductions</a> but emphasized these must be accompanied by spending cuts to effectively address the deficit.
According to the Congressional Budget Office, annual budget deficits are projected to average 6.1% of GDP through 2035 — significantly higher than the 50-year average of 3.8% — with national debt potentially rising by nearly $24 trillion <a href="https://www.benzinga.com/25/02/43966706/ray-dalio-urges-trump-to-cut-deficits-to-3-of-gdp-within-three-years-or-let-the-economy-suffer">over the next decade</a>.
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<li><a href="https://www.benzinga.com/news/25/03/44263206/warren-buffett-rakes-in-607-million-while-elon-musk-jeff-bezos-and-other-top-moneybags-bleed-67-bill" target="_blank" rel="noreferrer noopener">Warren Buffett Rakes In $607 Million While Elon Musk, Jeff Bezos, And Other Top Moneybags Bleed $67 Billion In A Day Amid Market Wipeout</a></li>
</ul>
Image Via Shutterstock
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Ray Dalio Warns US Debt Crisis Could Trigger 'Shocking Developments' Calls To Reduce Deficit At 3% Of GDP

The House Financial Services Committee held a hearing Tuesday to discuss the need for stablecoin regulation and the harmful impacts&nbsp;of a U.S. Central Bank&nbsp;Digital Currency.
What Happened: The hearing was led by Chairman Rep.&nbsp;French Hill&nbsp;(R-AR) and was titled &#8220;Examining&nbsp;a Federal Framework for Payment&nbsp;Stablecoins and Consequences of a&nbsp;U.S. Central Bank Digital Currency,&#8221; according to a press release.
The committee members examined the potential of blockchain technology, especially in stablecoin payments. They also discussed the STABLE Act—a legislation introduced in the House last month that aims to establish a clear regulatory framework for payment stablecoins while adhering to U.S. anti-money laundering and sanctions laws.&nbsp;
&#8220;A properly regulated stablecoin market can strengthen the U.S. dollar's dominance, modernize our payments infrastructure, and promote financial access without government overreach,&#8221; Hill stated.
Furthermore, the committee deliberated on the Anti-CBDC Surveillance State Act that prohibits the use of CBDCs for monetary policy. 
&#8220;CBDCs introduce significant privacy risks and are fundamentally the antithesis of American values,"&nbsp;said House Majority Whip Rep. Tom Emmer&nbsp;(R-Minn.), who introduced the bill.
See Also:<a href="https://www.benzinga.com/24/12/42735744/pharma-bro-martin-shkreli-predicts-doom-for-michael-saylors-microstrategy-as-stock-dips-below-300-in-after-hours-trading"> </a><a href="https://www.benzinga.com/25/03/44240035/ethereum-shrinks-over-30-since-eric-trumps-great-time-to-add-eth-suggestion">Eric Trump&#8217;s &#8216;Great Time&#8217; To Buy ETH Backfires? Ethereum Plunges 30% Since His Buy Call</a>
Why It Matters: The hearing comes in the wake of the growing influence of stablecoins in financial markets. A report by Bernstein last month <a href="https://www.benzinga.com/markets/cryptocurrency/25/02/43810566/stablecoins-are-a-big-deal-but-not-where-youd-expect-bernstein-says">highlighted the role of U.S. dollar-pegged coins</a> such as Tether (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/">USDT</a>) and USD Coin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/">USDC</a>) in streamlining international money transfers.
However, the report also mentioned that their primary use case remains within cryptocurrency capital markets rather than mainstream payment systems​.
Regulations around cryptocurrencies have gained momentum since President Donald Trump took office. The <a href="https://www.benzinga.com/markets/cryptocurrency/25/03/44261690/bitcoin-act-of-2025-introduced-in-the-house-of-representatives#:~:text=Actof2025inthe,financialtoolswithouttaxpayerfunding.">Bitcoin Act of 2025</a> was introduced in the House on Tuesday, aiming to fund the newly established Strategic Bitcoin Reserve.
Read Next:&nbsp;
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<li><a href="https://www.benzinga.com/markets/cryptocurrency/25/03/44239669/peter-schiff-says-hard-to-see-rationale-of-trumps-crypto-reserve-move-if-bitcoin-has-plunged-30-since-january-critics-clap-back-with-store-of-value-narrative">Peter Schiff Says Hard To See Rationale Of Trump&#8217;s Crypto Reserve Move If Bitcoin Has Plunged 30% Since January, Critics Clap Back With &#8216;Store Of Value&#8217; Narrative</a></li>
</ul>
Photo Courtesy: Rokas Tenys On Shutterstock.com
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>

Government

Regulations

Politics

$USDC

$USDT

House Committee Favors Stablecoin Regulation To 'Strengthen' Dollar: Majority Whip Says CBDCs Against 'American Values'

Wall Street&#8217;s slump persisted on Tuesday as major indices ended the day lower. The Dow Jones Industrial Average slid 1.1% to 41,433.48, while the S&amp;P 500 dipped 0.75% to 5,572.07. The Nasdaq also edged down nearly 0.2% to 17,436.10.
These are the top stocks that gained the attention of retail traders and investors throughout the day:
XPeng Inc.&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XPEV#NYSE">XPEV</a>)
XPeng shares rose by 14.77% to close at $26.34. The stock hit an intraday high of $27.16 and a low of $25.25. The company&#8217;s 52-week high and low are $27.16 and $6.55, respectively. The surge followed the company&#8217;s announcement of considering a <a href="https://in.benzinga.com/25/03/44251336/whats-going-on-with-xpeng-shares-tuesday">significant investment in humanoid robots</a>. The company could invest up to $13.8 billion in the robots.
Hesai Group&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HSAI#NASDAQ">HSAI</a>)
Hesai Group shares soared by 50.41% to close at $24.08 after securing a <a href="https://www.benzinga.com/news/global/25/03/44262398/hesai-group-stock-is-soaring-tuesday-whats-driving-the-action">multi-year deal</a> with Mercedes-Benz to supply Lidar sensors. The stock&#8217;s intraday high was $24.18 and the low was $18.32. The 52-week high was $24.18, and the low was $3.52.
Kohl&#8217;s Corp.&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KSS#NYSE">KSS</a>)
Kohl&#8217;s shares fell by 24.07% to close at $9.15. The stock&#8217;s intraday high and low were $10.56 and $8.75 respectively. The 52-week high and low are $29.60 and $8.75, respectively. The drop came after the company warned of a <a href="https://www.benzinga.com/25/03/44262764/kohls-ceo-warns-of-pretty-challenging-environment-for-consumers-expects-value-seeking-to-grow-over-next-3-months">challenging environment</a> for consumers. The CEO noted that consumers are looking for more value in their purchases.
Groupon Inc.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GRPN#NASDAQ">GRPN</a>)
Groupon shares slipped by 0.61% to close at $9.77. The stock&#8217;s intraday high and low were $9.98 and $9.21, respectively. The 52-week high was $19.56, and the low was $7.76. The company reported <a href="https://www.benzinga.com/news/earnings/25/03/44263961/groupon-stock-moves-higher-after-q4-earnings-company-says-momentum-has-carried-into-2025">fourth-quarter revenue</a> of $130.38 million, beating estimates of $127.74 million.
Tesla Inc.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>)
Tesla shares rose by 3.79% to close at $230.58. The stock&#8217;s intraday high and low were $237.06 and $217.02. The 52-week high and low are $488.54 and $138.80, respectively. The rise came amid President Donald Trump holding a <a href="https://www.benzinga.com/25/03/44266805/trump-turns-white-house-into-tesla-showroom-says-elon-musk-was-treated-very-unfairly-heres-the-car-he-picked-for-himself">private car show featuring</a> only Tesla vehicles at the White House. 
Image via Shutterstock
Prepare for the day&#8217;s trading <a href="https://editorial.benzinga.com/wp-admin/%E2%80%9CPremarket">with top premarket movers and news</a> 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>

GRPN

HSAI

XPEV

Xpeng, Hesai Group, Kohl's, Groupon, And Tesla: Why These 5 Stocks Are On Investors' Radars Today

As Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) reportedly <a href="https://in.benzinga.com/tech/25/03/44211544/apple-breaks-tradition-with-a-flood-of-new-releases-explores-smart-glasses">rethinks its strategy</a> for AR wearables, Alphabet Inc.'s (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>) Google is doubling down with a possible $115 million acquisition of eye-tracking startup AdHawk Microsystems.
What Happened: Google is in final talks to acquire AdHawk, a Canadian startup specializing in advanced eye-tracking hardware and software, <a href="https://www.bloomberg.com/news/articles/2025-03-11/google-googl-is-poised-to-acquire-eye-tracking-startup-adhawk-for-glasses?utm_medium=email&amp;utm_source=author_alert&amp;utm_term=250311&amp;utm_campaign=author_19842959&amp;sref=9hGJlFio">reported</a> Bloomberg on Tuesday, citing people with knowledge of the matter.
The reported deal includes $15 million in performance-based payments and is expected to close this week.
See Also: <a href="https://www.benzinga.com/general/entertainment/25/03/44212936/eddy-cue-praises-severance-for-breaking-through-the-noise-globally-says-apple-tv-isnt-going-to-throw-20-shows-on-the-wall-hoping-one-will-stick">Eddy Cue Praises &#8216;Severance&#8217; For Breaking Through The Noise Globally, Says Apple TV+ Isn&#8217;t Going To Throw 20 Shows On The Wall Hoping One Will Stick</a>
Founded in 2017, AdHawk developed MindLink smart glasses and low-power components that can track eye movements.
AdHawk's staff is expected to join Google's Android XR team, the report noted. Google's team is already working on software for next-gen headsets, including a <a href="https://www.benzinga.com/25/01/43151196/samsung-google-team-up-to-develop-ar-glasses-entering-the-race-against-meta-and-apple">joint device</a> with Samsung Electronics Co. (OTC:<a class="ticker" href="https://www.benzinga.com/stock/SSNLF#OTC">SSNLF</a>).&nbsp;
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.
Why It's Important: The acquisition underscores <a href="https://www.benzinga.com/news/23/03/31376205/what-went-wrong-with-google-glass-enterprise-inside-look-at-the-discontinued-ar-project">Google's renewed focus</a> on augmented reality. In 2023, the tech giant had halted the sales of its Google Enterprise smart glasses and discontinued software support.
Meanwhile, AdHawk has been available in the market for several years. In fact, in 2022, Meta Platforms, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>) explored the possibility of acquiring it.
Apple is also said to be exploring a new design for lightweight glasses by 2030 after the Vision Pro's <a href="https://www.benzinga.com/news/24/07/39747111/apples-vision-pro-struggles-to-find-its-killer-app-to-justify-3-500-price-tag-just-not-quite-hit-the">lukewarm reception</a>.&nbsp;
Price Action: As of this writing, Alphabet's Class A shares rose 0.11% in after-hours trading to $164.23, while Class C shares climbed 0.096% to $166.14. Apple's stock closed Tuesday's regular session at $220.84, down 2.92%, but edged up 0.10% in after-hours trading, according to the <a href="https://benzinga.grsm.io/lxquj26b2sag">data from Benzinga Pro</a>.
Check out more of Benzinga's Consumer Tech coverage by <a href="https://www.benzinga.com/topic/consumer-tech" target="_blank" rel="noreferrer noopener">following this link</a>.
Image via Shutterstock
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AAPL

GOOG

GOOGL

SSNLF

Apple's AR Glasses Approach Aside, Google Makes Its Move On Eye-Tracking Tech With $115 Million AdHawk Acquisition: Report

Leading cryptocurrencies bounced back Tuesday after a Strategic Bitcoin Reserve bill was tabled in the House of Representatives.
<figure class="wp-block-table"> 
<table>
<tbody>
<tr>
<td>Cryptocurrency</td>
<td>Gains +/-</td>
<td>Price (Recorded at 8:45 p.m. ET)</td>
</tr>
<tr>
<td>Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>)</td>
<td>+7.69%</td>
<td>$82,733.64</td>
</tr>
<tr>
<td>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>+5.57%</td>
<td>$1,910.35</td>
</tr>
<tr>
<td>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>+10.04%</td>
<td>$0.1652</td>
</tr>
</tbody>
</table>
</figure>
What Happened: Bitcoin topped $83,000 in the late afternoon and held on as&nbsp; Rep. Nick Begich (R-AK) introduced the <a href="https://www.benzinga.com/markets/cryptocurrency/25/03/44261690/bitcoin-act-of-2025-introduced-in-the-house-of-representatives">Bitcoin Act of 2025</a>, aiming to fund the President Donald Trump-announced Strategic Bitcoin Reserve without taxpayer funding.
The positive sentiment rubbed off on the rest of the market as Ethereum rose above $1,950, a day after plunging below $1,800.
Meanwhile, Bitcoin's market dominance hit a yearly high of 61.3%, while Ethereum's market share fell to 8.6%.
The relief rally hit bearish traders, wiping away $265 million worth of short positions in the last 24 hours.&nbsp;
Bitcoin's Open Interest jumped 3.37% over the last 24 hours, while the percentage of futures traders positioned long on the apex cryptocurrency rose to 51%.
The Crypto Fear and Greed Index sentiment moved from the "Extreme Fear" to the "Fear" zone.
Top Gainers (24-Hours)
<figure class="wp-block-table"> 
<table>
<tbody>
<tr>
<td>Cryptocurrency</td>
<td>Gains +/-</td>
<td>Price (Recorded at 8:45 p.m. ET)</td>
</tr>
<tr>
<td>Kaspa (KAS)</td>
<td>+27.07%</td>
<td>$0.4805</td>
</tr>
<tr>
<td>Bittensor (TAO)</td>
<td>+20.60%</td>
<td>$262.09</td>
</tr>
<tr>
<td>Celestia (TIA)</td>
<td>+19.59%</td>
<td>$3.24</td>
</tr>
</tbody>
</table>
</figure>
The global cryptocurrency market capitalization stood at $2.68 trillion, following an increase of 6.28% in the last 24 hours.
Stocks edged lower for the second straight trading day of the week. The Dow Jones Industrial Average slid 478.23 points, or 1.14%, to close at 41,433.48. The S&amp;P 500 fell 0.75%, ending at 5,572.07. The tech-focused Nasdaq Composite lost 0.18% to close at 17,436.10.
The grim sentiment prevailed after Trump announced <a href="https://www.benzinga.com/news/25/03/44253100/trump-slaps-50-tariff-on-canadian-steel-aluminum-threatens-auto-industry">imposing </a>an additional 25% tariff on steel and aluminum imports from Canada on Tuesday, bringing the total levy to 50%. However, hours later, White House said that only the previously planned 25% tariffs would go into effect.
Investors awaited February's <a href="https://in.benzinga.com/25/03/44246635/traders-brace-for-pivotal-february-inflation-data-as-stagflation-fears-weigh-on-wall-street-what-to-expect">consumer price index data</a>, which is due Wednesday, hoping that price pressures will cool amid fears of a recession.
See More: <a href="https://www.benzinga.com/money/best-crypto-scanners">Best Cryptocurrency Scanners</a>
Analyst Notes: Popular on-chain analytics firm CryptoQuant noted significant whale interest in Bitcoin amid the corrective price action.
"Despite the continued correction in Bitcoin, whales have accumulated more than 65,000 BTC in the last 30 days, indicating high buying pressure from large network participants," CryptoQuant stated.
"If this pattern continues for a few more weeks, it will signal constant buying pressure similar to what we had between November and December."
<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">Whales accumulated over 65,000 BTC "Despite the continued correction in bitcoin, whales have accumulated more than 65 thousand bitcoins in the last 30 days, indicating high buying pressure from large network participants." – By <a href="https://twitter.com/caueconomy?ref_src=twsrc%5Etfw">@caueconomy</a> Read more &#x2935;&#xFE0F;<a href="https://t.co/Hw72K0h47B">https://t.co/Hw72K0h47B</a> <a href="https://t.co/3RG7s0iR1j">pic.twitter.com/3RG7s0iR1j</a>
&mdash; CryptoQuant.com (@cryptoquant_com) <a href="https://twitter.com/cryptoquant_com/status/1899464577966018585?ref_src=twsrc%5Etfw">March 11, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Widely followed cryptocurrency analyst Michaël van de Poppe weighed in on Bitcoin's relief rally, stating that the leading digital asset has yet to break through a crucial level.
"I think that the next test is the massive one. If $82,500-$83,500 breaks, probably we&#8217;ll see $88-92,000 in a swift move," he predicted.
<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/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw">#Bitcoin</a> didn&#39;t break through the crucial level, yet. I think that the next test is the massive one. If $82.5-83.5K breaks, probably we&#39;ll see $88-92K in a swift move. <a href="https://t.co/BmkXPQtA42">pic.twitter.com/BmkXPQtA42</a>
&mdash; Michaël van de Poppe (@CryptoMichNL) <a href="https://twitter.com/CryptoMichNL/status/1899513651616235766?ref_src=twsrc%5Etfw">March 11, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Photo by Avi Rozen on Shutterstock
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<li><a href="https://www.benzinga.com/markets/cryptocurrency/25/03/44258476/bitcoin-reserve-upgrades-crypto-but-paypal-ripple-stablecoins-lag-behind">Bitcoin Reserve Upgrades Crypto But Paypal, Ripple Stablecoins Lag Behind</a></li>
</ul>

Bitcoin, Ethereum, Dogecoin Recover On Strategic Reserve Bill In Congress: Top Analyst Foresees BTC's 'Swift Move' To $88,000-$92,000 If This Happens

Kevin O'Leary sure <a href="https://youtube.com/shorts/qkOd7vVKSBE?si=JjvcramY5SLjZOzG">likes to speak his mind</a>, and when it comes to Tesla&nbsp; (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) he's been all over the map. The Shark Tank investor has told the story multiple times—if Elon Musk had walked into Shark Tank before launching Tesla and pitched the idea of an electric car company, O'Leary would have shut it down immediately. "I would say, ‘You're crazy,'" he told <a href="https://www.cnbc.com/video/2020/05/07/why-kevin-oleary-would-have-said-no-to-tesla-on-shark-tank.html">CNBC in 2020</a>, emphasizing that he typically only backs profitable businesses with a clear path to making money.
But despite his initial skepticism, O'Leary did end up investing in Tesla. He credits that decision to his son, Trevor, who interned at the company and saw its potential long before O'Leary did. In a <a href="https://youtube.com/shorts/qkOd7vVKSBE?si=JjvcramY5SLjZOzG">2022 YouTube clip</a>, O'Leary recalled his reaction when he first considered the stock: "I want to short that stock, it's such a joke. It's a car company that's trading at a ridiculous price."
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Trevor didn't hold back. "No, you're a joke," he told his father. "You don't understand what Tesla is doing. I work there." He explained that Tesla wasn't just making cars—it was a data company. "Every mile a Tesla drives goes into a mapping database for autonomous cars," he said.
That was all O'Leary needed to hear. "I didn't know that," he admitted. Without hesitation, he bought Tesla stock, then put it on the back burner. Months later, he checked his portfolio and was shocked—his Tesla investment had jumped 1,000%.
Since then, O'Leary has become one of Tesla's biggest supporters. In December, he praised Musk's approach <a href="https://www.linkedin.com/feed/posts/kevinolearytv_elon-musk-built-tesla-into-the-most-successful-activity-7267303863819354112-2M3g/">on social media</a>, writing, "Elon Musk built Tesla into the most successful EV company by taking big risks and creating his own infrastructure. The others are losing money and failing to scale. Maybe they shouldn't survive."
Trending: This data platform is reshaping how you invest in private companies —<a href="https://www.benzinga.com/money/kingscrowd-adv"> and you can be a part of it for $0.18 per share</a>
Six months ago, he took his praise even further, calling Musk "a modern-day Bruce Wayne—no BS, completely transparent, and knows how to get things done." O'Leary even suggested that if more leaders operated like Musk, "this country would be in a much better place."
But lately, Tesla's stock has been taking a beating. As of March 7, Tesla <a href="https://www.benzinga.com/quote/TSLA">closed at $262.67</a>, down 10% for the week and nearly 50% from its December high of $479.86. Musk's political involvement—particularly his alliance with President Donald Trump and his role in the Department of Government Efficiency—has fueled backlash. Some Tesla owners and potential buyers now see the brand as a political statement they no longer want to make.
See Also: <a href="https://www.benzinga.com/money/elon-musk-told-the-u-n-if-they-could-show-a-plan-for-ending-world-hunger-hed-donate-6-billion-i-will-sell-tesla-stock-right-now-and-do-it">Elon Musk Told The U.N. If They Could Show A Plan For Ending World Hunger He'd Donate $6 Billion – ‘I Will Sell Tesla Stock Right Now And Do It'</a>
Sales are also slipping. In Europe, Tesla's <a href="https://www.acea.auto/pc-registrations/new-car-registrations-2-6-in-january-2025-battery-electric-15-market-share/">registrations dropped 45%</a> in January, even as EV sales overall climbed. California and other key markets have seen similar declines. Protests and even vandalism at Tesla showrooms have added to the company's brand struggles.
While O'Leary once dismissed the company, he now sees it as a prime example of bold leadership and innovation. However, with <a href="https://www.benzinga.com/analyst-ratings/analyst-color/25/03/44143606/tesla-stock-nears-50-drop-from-all-time-highs-analyst-says-difficult-fundamental-conditions-ahead">Tesla's stock sliding</a> and Musk's political involvement stirring controversy, the bigger question is whether the brand can withstand the backlash—or if the man behind it will prove, once again, that betting against him is a mistake.
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Personal Finance

Kevin O' Leary Says He'd Have Turned Down Investing In Tesla If Elon Musk Pitched The Company On Shark Tank — 'I Would Say, You're Crazy'

President Donald Trump has canceled plans to <a href="https://www.benzinga.com/news/25/03/44253100/trump-slaps-50-tariff-on-canadian-steel-aluminum-threatens-auto-industry">increase tariffs on Canadian steel and aluminum</a> imports to 50%, White House trade advisor Peter Navarro confirmed on Tuesday.
What Happened: The reversal came hours after Trump announced the tariff hike in response to Ontario&#8217;s 25% tax on electricity exports to the U.S., which itself was retaliation for Trump&#8217;s earlier 25% tariffs on Canadian imports.
&#8220;We&#8217;re not going to see 50% tariffs come tomorrow,&#8221; Navarro <a href="https://www.cnbc.com/2025/03/11/trump-raises-canadian-steel-aluminum-tariffs-to-50percent-in-retaliation-for-ontario-energy-duties.html">told</a> CNBC, praising Commerce Secretary Howard Lutnick for negotiating the resolution.
Ontario Premier Doug Ford agreed to pause the electricity surcharge following discussions with Lutnick. According to a joint statement, the two officials will meet Thursday in Washington to discuss a &#8220;renewed&#8221; trilateral trade agreement.
Ford had earlier threatened to shut off Ontario&#8217;s energy supply to Michigan, New York and Minnesota if Trump &#8220;continues to hurt Canadian families,&#8221; warning of a potential &#8220;Trump recession.&#8221;
See Also: <a href="https://www.benzinga.com/25/03/44260839/tech-stocks-bitcoin-strongly-rebound-as-ukraine-backs-us-proposal-for-30-day-ceasefire-with-russia">Markets Bounce As Ukraine Expresses Readiness For 30-Day Ceasefire Proposal With Russia</a>
Why It Matters: The de-escalation came amid market concerns, with the Dow Jones Industrial Average tracked by SPDR Dow Jones Industrial Average ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIA#NYSE">DIA</a>) dropping more than 500 points following Trump&#8217;s initial announcement, extending recent losses driven by <a href="https://www.benzinga.com/economics/macro-economic-events/25/03/44258002/wall-street-drop-deepens-as-trade-war-fears-escalate-sp-500-hits-7-month-lows-whats-driving-markets-tuesday">tariff fears and recession concerns</a>.
The trade dispute coincides with a political transition in Canada, where Mark Carney recently won the Liberal Party leadership to succeed Justin Trudeau as prime minister. Carney has pledged to <a href="https://www.benzinga.com/news/25/03/44213871/canadas-next-pm-mark-carney-vows-to-win-trade-war-with-trump-says-americans-should-make-no-mistake">maintain retaliatory measures</a> &#8220;until the Americans show us respect.&#8221;
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Image Via Shutterstock
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

SPDR Dow Jones Industrial Average ETF Trust

Trump Scraps 50% Tariff Hike On Canadian Steel, Aluminum After Lutnick Talks With Ontario Premier

On Tuesday, Cathie Wood&#8216;s Ark Invest executed notable trades, including significant activity involving Tempus AI Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TEM#NASDAQ">TEM</a>), Block Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XYZ#NYSE">XYZ</a>), and DraftKings Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DKNG#NASDAQ">DKNG</a>). These trades come amid a backdrop of market volatility and strategic repositioning by Ark Invest.
The Tempus AI Trade
Ark Invest&#8217;s ARK Innovation ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ARKK#NYSE">ARKK</a>) made a substantial purchase of 94,251 shares of Tempus AI, valued at approximately $4.29 million, based on the closing price of $45.58. Tempus AI recently reported its fourth-quarter earnings, revealing a revenue miss but an earnings-per-share beat. Despite the revenue shortfall, the company provided strong guidance, which may have influenced Ark&#8217;s decision to increase its stake.
In a recent market environment characterized by a tech sector downturn, Ark has been actively acquiring shares in companies like Tempus AI. Amid Monday&#8217;s tech stock meltdown, Wood had <a href="https://www.benzinga.com/25/03/44239652/cathie-wood-goes-on-shopping-spree-amid-tech-bloodbath-monday-loads-up-on-tesla-palantir-coinbase-and-these-stock">acquired Tempus AI stock</a> worth $13.23 million.
The Block Trade
On the same day, Ark Invest&#8217;s ARKK ETF sold 203,659 shares of the Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>)-focused company Block — amounting to approximately $11.26 million at the closing price of $55.29. Block&#8217;s recent earnings report <a href="https://in.benzinga.com/news/earnings/25/02/43867724/block-shares-sink-after-q4-revenue-miss-ceo-jack-dorsey-expects-to-end-year-at-rule-of-40-run-rate">showed a revenue miss</a>.
Despite the revenue miss, Block&#8217;s CEO, Jack Dorsey, remains optimistic about achieving a &#8220;Rule of 40&#8221; run rate by the end of the year.
The DraftKings Trade
Ark Invest also reduced its holdings in DraftKings by selling 23,195 shares from the ARK Next Generation Internet ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ARKW#NYSE">ARKW</a>), valued at approximately $896,718, based on the closing price of $38.66. DraftKings recently reported its fourth-quarter earnings, which included a <a href="https://www.benzinga.com/general/sports-betting/25/02/43748897/draftkings-lost-some-games-but-won-the-quarter-analyst">revenue miss</a> during a challenging period for the sports betting industry.
Despite the revenue miss, analysts have highlighted DraftKings&#8217; resilience and potential for future growth. 
Other Key Trades:
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<li>Sold shares of Roku (ROKU) from the ARKF, ARKQ, and ARKK.</li>
<li>Bought shares of Ibotta Inc. (IBTA) for the ARKF  and ARKW.</li>
<li>Sold shares of Roblox Corp. (RBLX) from the ARKF, ARKK, and ARKW ETFs.</li>
<li>Sold shares of CareDx Inc. (CDNA) from the ARKG ETF.</li>
<li>Bought 6,495 shares of CRISPR Therapeutics AG (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CRSP#NASDAQ">CRSP</a>) for the ARKK and ARKG ETFs.</li>
</ul>
Image via Shutterstock
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</ul>
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>

ARKK

ARKW

CRSP

DKNG

Cathie Wood's Ark Invest Continues To Load Up On Tempus AI, Dumps Bitcoin-Focused Block In Tech Meltdown Aftermath

President Donald Trump held a private car show at the White House on Tuesday, featuring only Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) vehicles. The event aimed to support Elon Musk amid backlash over his role in the Trump administration.
What Happened: During the 30-minute event, which was part news conference and part car commercial, Trump expressed his desire to purchase a Tesla vehicle, <a href="https://www.nytimes.com/2025/03/11/us/politics/trump-buy-tesla-elon-musk.html">reported</a> The New York Times. He pointed to a bright red Model S, stating, "The one I like is that one," and expressed his intent to buy it without a discount. Musk, standing beside the president, attempted to promote a Cybertruck, highlighting its bulletproof feature.
The scene was notable as Trump, who has previously criticized electric vehicles, used the White House setting to bump up sales for a friend and top donor. Despite his past criticisms, Trump noted that the Secret Service wouldn't let him drive the car, but he planned to keep it at the White House for staff use.
The president emphasized his support for Musk, stating, "I think he's been treated very unfairly by a very small group of people."
See Also: <a href="https://www.benzinga.com/25/03/44239145/elizabeth-warren-raises-questions-on-robert-f-kennedys-mar-a-lago-dinners-with-big-pharma-american-people-deserve-to-know-about-the-deals-made">Elizabeth Warren Raises Questions On Robert F Kennedy&#8217;s Mar-A-Lago Dinners With Big Pharma: American People Deserve To Know About The Deals Made</a>
Why It Matters: The car show comes at a time when Tesla is facing <a href="https://www.benzinga.com/markets/25/03/44240714/trump-says-he-will-buy-a-brand-new-tesla-to-support-elon-musk-as-stock-falls-over-53-erasing-nearly-800-billion-in-investor-wealth-since-december-peak">significant challenges</a>. The company&#8217;s stock has plummeted over 53% since December, wiping out nearly $800 billion in investor wealth. This decline has been attributed to various factors, including market volatility and backlash against Musk for his involvement with the Trump administration. 
Additionally, Musk has been <a href="https://www.benzinga.com/25/03/44135841/elon-musk-slams-attacks-on-tesla-vehicles-after-incident-in-brookline-vandalism-is-not-free-speech">vocal against attacks</a> on Tesla vehicles, calling out vandalism incidents as not being free speech. This statement was made following an incident in Brookline, Massachusetts, where Tesla vehicles were reportedly vandalized. Musk&#8217;s comments highlight the ongoing tensions surrounding the company and its CEO.
Furthermore, Trump has made <a href="https://www.benzinga.com/markets/equities/25/03/44246100/trump-makes-false-claim-about-tesla-boycotts-musk-blames-soros-and-linkedin-co-founder-for-backing-protests">controversial claims</a> about boycotts against Tesla, blaming figures like George Soros for backing protests. 
Musk has admitted that it is difficult juggling between Tesla and the Department of Government Efficiency. Investors are worried that his involvement with the department has been a distraction and is affecting his companies SpaceX, X, and xAi.
Price Action: Tesla stock rebounded on Tuesday, closing up nearly 3.8% at $230.58 during regular trading. In after-hours trading, it rose another 1.9% to $234.99, <a href="https://pro.benzinga.com/dashboard">according to Benzinga Pro</a>.
Check out more of Benzinga&#8217;s Future Of Mobility coverage by <a href="https://www.benzinga.com/topic/mobility" target="_blank" rel="noreferrer noopener">following this link.</a>
Image via Shutterstock
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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>

General

Trump Turns White House Into Tesla Showroom, Says Elon Musk Was 'Treated Very Unfairly' — Here's The Car He Picked For Himself

Most kids of billionaires grow up in a world of private jets and trust funds. But for Peter Buffett, son of legendary investor Warren Buffett, childhood was shockingly normal—so normal that he had no clue what his dad actually did for a living.
In a <a href="https://freakonomics.com/podcast/growing-up-buffett/">2011 "Freakonomics" podcast</a>, Peter revealed that when his sister filled out a school form listing their father's job, she wrote "security analyst." Young Peter, taking it literally, assumed that meant his dad checked alarm systems for a living. "We really didn't know what my dad did. It was quite mysterious," he recalled.
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It wasn't until he was 25 that the truth started sinking in—that his father wasn't just "doing okay" but was, in fact, one of the wealthiest people in the world.
<h2 class="wp-block-heading">No Silver Spoons, No Billionaire Lifestyle</h2>
Growing up in Omaha, Nebraska, Peter and his siblings were kept far away from Wall Street's glitz and excess. Their father famously lived modestly, driving a used car and still residing in the same house he <a href="https://www.benzinga.com/personal-finance/25/02/43612207/warren-buffett-has-lived-in-his-31500-home-for-67-years-and-calls-it-one-of-his-best-investments-but-warned-a-house-can-be-a-nightmare">bought in 1958 for $31,500</a>.
"The truth is, it just wasn't around," Peter said of his father's wealth. "I can't say enough for actions speaking louder than words. So we didn't grow up around the exposition of wealth."
Trending: Can you guess how many Americans successfully retire with $1,000,000 saved?<a href="https://www.benzinga.com/money/1milsaved"> The percentage may shock you</a>.
<h2 class="wp-block-heading">A Life-Changing Decision—And A $300 Million What-If</h2>
At 19, <a href="https://www.benzinga.com/news/24/12/42635836/warren-buffetts-sons-90k-inheritance-would-be-worth-more-than-400-million-today-but-he-sold-his-berkshire-stock-47-years-ago-to-buy-something-infinitely-more-valuable">Peter received $90,000 in Berkshire Hathaway stock</a> from his grandfather's farm sale—a gift that could have made him a multi-millionaire many times over. Had he held onto the stock, reports estimate it would be worth over $300 million today.
Instead, he cashed out and invested in his music career. Buffett's response? Total support. "He grew up telling us to do what we loved," Peter shared.
That decision paid off in its own way. Peter became an Emmy-winning musician, a best-selling author, and a major philanthropist. His NoVo Foundation has <a href="https://www.benzinga.com/personal-finance/24/10/41198368/warren-buffetts-son-who-famously-cashed-in-his-90-000-inheritance-at-19-spends-millions-in-buffe">poured millions into community projects</a>, reshaping parts of Kingston, New York, into a progressive hub for the arts and social change.
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<h2 class="wp-block-heading">Buffett's Billionaire Parenting Strategy</h2>
Warren Buffett has long preached that his kids <a href="https://www.benzinga.com/personal-finance/25/01/43149034/warren-buffett-insists-his-3-kids-wont-get-a-lifetime-supply-of-food-stamps-just-because-they-came-out-of-the-right-womb">wouldn't inherit a fortune</a> but instead receive enough to pursue their own dreams.
"I would much rather have invested in myself," Peter said of his decision to sell his Berkshire stock. "I can say it's mine—as opposed to a pile of money that essentially belonged to somebody else's success."
No golden parachutes, <a href="https://www.benzinga.com/money/are-you-rich">no billionaire baby syndrome</a>—just a dad who happened to be one of the greatest investors of all time, raising kids who didn't even know it.
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<li>If there was a new fund backed by Jeff Bezos offering a <a href="https://www.benzinga.com/money/arrived-private-credit-fund">7-9% target yield with monthly dividends would you invest in it</a>?</li>
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Warren Buffett's Son Grew Up Thinking His Dad's Job Was Checking Security Alarms —Didn't Know They Were Rich Until 25: 'It Was Quite Mysterious'

BLNE

Trading Halt: Halted at 7:50:00 p.m. ET - Trading Halt: Halt News Pending

Intercontinental Exchange (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ICE#NYSE">ICE</a>) has outperformed the market over the past 10 years by 3.35% on an annualized basis producing an average annual return of 13.68%. Currently, Intercontinental Exchange has a market capitalization of $96.73 billion. 
Buying $1000 In ICE: If an investor had bought $1000 of ICE stock 10 years ago, it would be worth $3,613.65 today based on a price of $168.36 for ICE at the time of writing.
<h3>Intercontinental Exchange's Performance Over Last 10 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2025/1741736709_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.

Here's How Much $1000 Invested In Intercontinental Exchange 10 Years Ago Would Be Worth Today

ConocoPhillips (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/COP#NYSE">COP</a>) has outperformed the market over the past 5 years by 11.31% on an annualized basis producing an average annual return of 29.62%. Currently, ConocoPhillips has a market capitalization of $121.41 billion. 
Buying $1000 In COP: If an investor had bought $1000 of COP stock 5 years ago, it would be worth $3,040.47 today based on a price of $95.42 for COP at the time of writing.
<h3>ConocoPhillips's Performance Over Last 5 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2025/1741735812_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.

$1000 Invested In ConocoPhillips 5 Years Ago Would Be Worth This Much Today

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