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Sow Good

Sow Good Inc is engaged in manufacturing and marketing freeze-dried fruits, vegetables, snacks, smoothies, and soups. The company also sells gluten-free granola products under the Sow Good brand. The company is developing a freeze-dried candy market and snack manufacturing to provide consumers with flavorful freeze-dried treats.

Sow Good Inc

In a big legal win for the cryptocurrency industry, a U.S. appeals court has overturned sanctions imposed by the Treasury Department on popular cryptocurrency mixer, Tornado Cash, causing the price of the associated coin to zoom 430%.
What Happened: A three-judge panel from the Fifth Circuit Appeals Court in New Orleans on Tuesday <a href="https://assets.bwbx.io/documents/users/iqjWHBFdfxIU/rWi4YTmtAT5I/v0">concluded </a>that&nbsp;the Office of Foreign Assets&nbsp;Control (OFAC) had exceeded its authority, reversing a lower court&#8217;s decision and granting a partial summary judgment in favor of Tornado Cash users.
The judges ruled that Tornado Cash&#8217;s immutable smart contracts do not qualify as&nbsp;property under the International Emergency&nbsp;Economic Powers Act (IEEPA)—a federal law that grants sweeping powers to the president to control economic transactions—as they cannot be owned or controlled. 
&#8220;We hold that&nbsp;Tornado Cash's immutable smart contracts&nbsp;(the lines of privacy-enabling software&nbsp;code) are not the "property"&nbsp;of a foreign national or&nbsp;entity, meaning (1) they cannot&nbsp;be blocked under IEEPA, and&nbsp;(2) OFAC overstepped its congressionally&nbsp;defined authority,&#8221; Circuit Judge Don Willett wrote in the judgment.
The Treasury Department didn&#8217;t immediately return Benzinga&#8217;s request for comment.
See Also:&nbsp;<a href="https://www.benzinga.com/24/11/42206614/polygons-pol-token-outshines-bitcoin-ethereum-in-30-day-gains-top-analyst-anticipates-no-major-selling-pressure-in-days-ahead">Crypto&#8217;s Next Mega-Rocket? Analyst Forecasts Insane 2725%-6600% Surge For This Coin</a>
The ruling was cheered by influential names in the industry like Coinbase CEO Brian Armstrong and the company&#8217;s Chief Legal Officer Paul Grewal who described it as a &#8220;historic win for crypto.&#8221;
&#8220;Proud of this outcome. The courts ruled in our favor that the Treasury Department cannot sanction open-source code.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Proud of this outcome. The courts ruled in our favor that <a href="https://twitter.com/USTreasury?ref_src=twsrc%5Etfw">@USTreasury</a> cannot sanction open source code.<a href="https://twitter.com/coinbase?ref_src=twsrc%5Etfw">@coinbase</a> will keep holding government accountable to protect your freedoms. <a href="https://t.co/RbrPsm8ZMH">https://t.co/RbrPsm8ZMH</a>
&mdash; Brian Armstrong (@brian_armstrong) <a href="https://twitter.com/brian_armstrong/status/1861566170928693622?ref_src=twsrc%5Etfw">November 27, 2024</a></blockquote>
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Hayden Adams, Founder of Uniswap Labs, the firm behind the leading decentralized exchange Uniswap (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/uni/usd">UNI</a>), said, &#8220;Holy sh&#x2A;t. Immutable smart contracts just beat the Treasury Department in court.&#8221;
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">holy shit immutable smart contracts just beat the treasury department in court &quot;we hold that Tornado Cash&#39;s immutable smart contracts (the lines of privacy-enabling software code) are not the &quot;property&quot; of a foreign national or entity, meaning (1) they cannot be blocked under… <a href="https://t.co/KROajcEGhq">https://t.co/KROajcEGhq</a> <a href="https://t.co/qYpMa6vpe3">pic.twitter.com/qYpMa6vpe3</a>
&mdash; Hayden Adams &#x1f984; (@haydenzadams) <a href="https://twitter.com/haydenzadams/status/1861568401673498882?ref_src=twsrc%5Etfw">November 27, 2024</a></blockquote>
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Why It Matters: The ruling followed a turbulent period for Tornado Cash, which was <a href="https://www.benzinga.com/markets/cryptocurrency/23/12/36190138/vivek-ramaswamy-thinks-penalizing-tornado-cash-mixer-was-illegal-and-unconstitutional" target="_blank" rel="noreferrer noopener">blacklisted</a> by the department in 2022, making it illegal for U.S. citizens, residents, and companies to use the platform.
In August 2023, the platform&#8217;s founders,&nbsp;<a href="https://www.benzinga.com/markets/cryptocurrency/23/08/34010989/tornado-cash-founders-indicted-for-1b-crypto-laundering-1-arrest-1-at-large">Roman Storm and Roman Semenov, were indicted</a>&nbsp;for allegedly laundering over $1 billion through the cryptocurrency mixer, including funds from the notorious North Korean cybercrime group, Lazarus Group.
Critics argued that Tornado Cash is software, not an individual and that the Treasury had overstepped its authority by sanctioning the mixing service. This sentiment was echoed by Vivek Ramaswamy, a prominent member of the incoming Donald Trump administration, who argued that penalizing an entire protocol was &#8220;illegal and unconstitutional.&#8221;
For the curious, a cryptocurrency tumbler, also known as a mixer, is a service that mixes cryptocurrency funds to make them harder to trace. The goal is to improve the anonymity of cryptocurrencies, especially Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>), whose public ledgers are otherwise easily available.
Price Action: Following the ruling, the price of the associated token Tornado Cash (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/">TORN</a>) exploded 430%, 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>.
Read Next:&nbsp;
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<li><a href="https://www.benzinga.com/government/regulations/24/11/42206456/trump-administration-to-reportedly-let-cftc-regulate-bitcoin-ethereum-spot-market-is-the-sec-set-to-lose-its-grip-over-crypto">Trump Administration To Reportedly Let CFTC Regulate Bitcoin, Ethereum Spot Market, Is The SEC Set To Lose Its Grip Over Crypto?</a></li>
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Coverage of Bitcoin, Etherum, Ripple and all the latest digital currencies.

Cryptocurrency

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Markets

$BTC

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$UNI

'Historic Win For Crypto:' Court Overturns Treasury Sanctions On Tornado Cash, Associated Token Skyrockets 430%

Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) on Tuesday revamped its referral program across North America, as it looks to race to its <a href="https://www.benzinga.com/news/24/10/41443856/tesla-offers-discounts-of-up-to-4k-on-select-model-3-y-vehicles-as-it-looks-to-avert-1st-ever-declin">delivery target of 515,000 vehicles</a> in the fourth quarter.
What Happened: Tesla's updated referral program includes enhanced discounts and rewards, with specific incentives for the Cybertruck.
The changes were announced via one of Tesla&#8217;s official accounts on X.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Big update to Tesla Referral Program in the US &amp; CA You can now earn $1000 by giving someone else up to $2000 off a new Tesla If taking delivery before 12/31, they&#39;ll also get 3 months of free FSD Supervised + unlimited Supercharging Good one to send to the Thanksgiving group… <a href="https://t.co/DRpmgZCvAp">pic.twitter.com/DRpmgZCvAp</a>
&mdash; Tesla North America (@tesla_na) <a href="https://twitter.com/tesla_na/status/1861428189546807462?ref_src=twsrc%5Etfw">November 26, 2024</a></blockquote>
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Customers can earn $1,000 for each successful referral, while the new buyer can receive&nbsp;up to $2,000 off a&nbsp;new Tesla.
Additionally, those who&nbsp;take delivery before the end&nbsp;of 2024 will benefit from three&nbsp;months of free FSD (Supervised)&nbsp;and unlimited Supercharging.
See Also:&nbsp;<a href="https://www.benzinga.com/24/11/42156817/tesla-rivian-settle-battery-tech-theft-dispute-after-nearly-4-years?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Tesla, Rivian Signal End To 4-Year Legal Battle Over Alleged Trade Secrets Theft</a>
The program applies to the&nbsp;Model S, Model 3, Model&nbsp;X, Model Y, and Cybertruck.
Buyers&nbsp;of the Model S, Model&nbsp;X, and Cybertruck can enjoy&nbsp;a $2,000 discount, while Model&nbsp;3 and Model Y buyers&nbsp;are eligible for a $1,000&nbsp;discount in the U.S.
Referrers in the U.S. can earn up to $10,000 via referrals, while Canadian participants can earn up to CAD13,000. Participants also have a chance&nbsp;to win an invitation to&nbsp;a future Tesla event.
Why It Matters: Tesla&#8217;s enhanced referral program is part of a broader strategy to boost sales in the fourth quarter. The company recently started offering unlimited overnight charging via the&nbsp;<a href="https://www.benzinga.com/markets/equities/24/11/42081589/tesla-electric-offers-unlimited-overnight-charging-for-just-5-a-month-as-ev-giant-races-toward-5">Tesla Electric service</a>, down from $15 a month, aiming to attract more buyers.
This follows&nbsp;<a href="https://www.benzinga.com/news/24/10/41443856/tesla-offers-discounts-of-up-to-4k-on-select-model-3-y-vehicles-as-it-looks-to-avert-1st-ever-declin">discounts of up to $4,000</a>&nbsp;on select&nbsp;Model 3 and Model Y&nbsp;vehicles to avoid a decline in annual deliveries.
Despite these efforts,&nbsp;<a href="https://www.benzinga.com/tech/24/11/41894615/tesla-q4-deliveries-expected-to-set-new-records-but-not-enough-to-avoid-yearly-sales-decline-says-researcher">analysts predict</a>&nbsp;that Tesla&#8217;s Q4 deliveries will set new records but may not prevent a yearly sales decline. The <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/11/41988194/trump-plans-to-erase-ev-tax-credit-analyst-says-its-net-bullish-calls-sell-off-wrong-knee-jerk-reaction">potential removal of the $7,500 EV tax credit</a> by the incoming Trump administration could further affect Tesla&#8217;s sales, as highlighted by&nbsp;<a href="https://www.benzinga.com/news/global/24/11/41998381/tesla-earnings-will-be-hit-hardest-if-7500-ev-credit-is-cut-warns-gary-black-citing-80-dependence-on-ev-sales-please-do-the-math">Gary Black</a>, who warns of significant earnings impact if the credit is cut.
Price Action: Tesla stock declined marginally by 0.1% on Tuesday to close at $338.23 but gained 0.6% in after-hours trading. Year-to-date, Tesla shares are up 36.2%, according to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro data</a>.
According to <a href="https://www.benzinga.com/quote/MSTR/analyst-ratings">Benzinga Pro data</a>, the consensus rating from analysts is "Neutral" for the Tesla stock. The highest price target is $400, while the consensus price target is 232.20, implying a 45% downside.
<figure class="wp-block-image size-full"><img loading="lazy" decoding="async" width="947" height="357" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/27012322/Tesla-rating.jpg" alt="" class="wp-image-666691" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/27012322/Tesla-rating.jpg 947w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/27012322/Tesla-rating-300x113.jpg 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/27012322/Tesla-rating-768x290.jpg 768w" sizes="(max-width: 947px) 100vw, 947px" /></figure>
Check out more of Benzinga&#8217;s Future Of Mobility coverage by&nbsp;<a href="https://www.benzinga.com/topic/mobility" target="_blank" rel="noreferrer noopener">following this link.</a>
Read Next:
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<li><a href="https://www.benzinga.com/government/regulations/24/11/42160725/tesla-faces-environmental-violations-as-elon-musks-doge-prepares-for-garbage-collection-of-rules-that-dont-make-sense-report?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Tesla Faces Environmental Violations As Elon Musk&#8217;s &#8216;DOGE&#8217; Prepares For &#8216;Garbage Collection Of Rules That Don't Make Sense</a></li>
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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: Tesla

Tech

General

TSLA

Tesla Sweetens Referral Program, Allowing Customers To Earn Up To $10,000 As Elon Musk's EV Giant Races To 500K Q4 Delivery Target

Super Micro Computer Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMCI#NASDAQ">SMCI</a>) experienced a significant stock decline on Tuesday, shedding 10.4% after announcing the termination of two critical loan agreements with major financial institutions.
What Happened: The company disclosed in a Securities and Exchange Commission filing that it had prepaid and terminated loan agreements with Cathay Bank and Bank of America N.A. on Nov 20. This move comes amid ongoing challenges with Nasdaq listing requirements and delayed financial reporting.
SMCI, a prominent server manufacturer known for its AI system infrastructure supporting NVIDIA Corp.&#8216;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) chips, has been navigating a turbulent financial period. The company recently faced a potential delisting threat after failing to meet Nasdaq&#8217;s filing requirements.
See Also: <a href="https://www.benzinga.com/general/market-summary/24/11/42206673/trumps-running-mate-vice-president-pick-and-venture-capitalist-jd-vance-holds-etfs-bitcoin-and-more-here-is-a-look-at-his-portfolio">JD Vance&#8217;s Investment Playbook Has Bitcoin And ETFs: Here&#8217;s What Else The VP-Elect Is Betting On</a>
Why It Matters: The stock experienced a dramatic rally, <a href="https://www.benzinga.com/trading-ideas/movers/24/11/42166890/smci-surges-65-in-a-week-but-is-volatility-the-new-normal">surging 65% in a single week</a>. Shares rose from $20.03 on Nov 18 to $33.15 on Nov. 22, attempting to recover from a six-month slump that previously erased nearly 60% of its value.
With a market capitalization of $17.39 billion, the company maintains a relatively low price-to-earnings ratio of 17.15.
Super Micro Computer has hired a new independent auditor and committed to filing its <a href="https://www.benzinga.com/trading-ideas/movers/24/11/42166890/smci-surges-65-in-a-week-but-is-volatility-the-new-normal">earnings report soon</a>. 
Price Action: As of the latest trading session, the stock is priced at $34.42, reflecting a decline of 10.40% on Tuesday. Despite the recent drop, the stock has experienced a year-to-date gain of 20.54%, according to <a href="https://www.benzinga.com/pro/">data from Benzinga Pro</a>. 
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<li><a href="https://www.benzinga.com/general/entertainment/24/11/42205763/disney-reaches-43m-settlement-in-gender-pay-discrimination-lawsuit-women-can-expect-equitable-treatment-moving-forward">Disney Reaches $43M Settlement In Gender Pay Discrimination Lawsuit: &#8216;Women Can Expect Equitable Treatment&#8217; Moving Forward</a></li>
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Image via Shutterstock
Disclaimer: This content was partially produced with the help of <a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a> and was reviewed and published by Benzinga editors.

Equities

NVDA

SMCI

SMCI Stock Slumps 10% As Loan Agreements With Banks End Amid Ongoing Nasdaq Challenges

China's Huawei Technologies will replace Google's Android with its in-house developed operating system in smartphones and tablets starting next year.
What Happened: On Tuesday, at a live-streamed event, Huawei announced that its Mate 70 series will debut HarmonyOS Next, the latest iteration of the company's operating system, <a href="https://www.bloomberg.com/news/articles/2024-11-26/huawei-plans-to-drop-android-entirely-in-gadgets-from-2025?leadSource=uverifywall">reported</a> Bloomberg.
The Mate 70 and Mate 70 Pro will be available on Dec. 4, marking the company's first flagship phones without any reliance on Android, the open-source OS by 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.
Richard Yu, chairman of Huawei's consumer business group said that the Mate 70 series is expected to deliver a 40% performance boost over its predecessor. The device has a starting price of $760 (5,499 yuan) for the 6.7-inch model.
See Also: <a href="https://www.benzinga.com/24/11/42155932/apple-black-friday-2024-get-up-to-200-in-gift-cards-on-iphones-macs-airpods-and-more-heres-everything-you-need-to-know?itm_source=parsely-api">Apple&#8217;s 2024 Black Friday Deals: Gift Cards Over Discounts — Here&#8217;s What You&#8217;ll Get</a>
Meanwhile, the HarmonyOS Next will take another two to three months to improve user experience, but the plans remain to integrate it into future devices.
The Mate 70 series is expected to include Huawei's in-house Kirin chips, although their performance might lag behind those of competitors like Qualcomm Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QCOM#NASDAQ">QCOM</a>) and MediaTek.
Huawei has forecasted production of more than 10 million units over the product&#8217;s life cycle, indicating strong expectations for demand.
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 Matters: The new devices aim to compete directly with Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) in China&#8217;s premium smartphone market.
In the third quarter of this year, Huawei&#8217;s market share in China increased to 15.3%, up from 8.6% last year. This development marked it as a strong rival to Cupertino in the high-end smartphone arena.
Earlier this year, Huawei also surpassed Samsung Electronics Co. (OTC:<a class="ticker" href="https://www.benzinga.com/stock/SSNLF#OTC">SSNLF</a>) in global <a href="https://www.benzinga.com/news/24/05/39107001/after-apple-huawei-takes-on-samsung-in-race-to-become-worlds-top-foldable-phone-maker-report">foldable smartphone</a> shipments.
Meanwhile, Google generates billions from Android, mainly via the Play Store. In the <a href="https://www.benzinga.com/news/earnings/24/10/41611263/alphabet-q3-earnings-highlights-revenue-beat-eps-beat-google-cloud-up-35-momentum-across-the-compan">third quarter of 2024</a>, Google Services reported $76.5 billion in revenue, a 13% increase year-over-year.
Moreover, the decision to move away from Android is significant considering the ongoing <a href="https://www.benzinga.com/news/global/24/11/42132104/huawei-to-launch-mate-70-smartphone-with-advanced-homegrown-chip-challenging-apple-in-china-amid-us-sanctions-report">U.S. sanctions</a> that have limited Huawei's access to critical technologies. Other Chinese tech companies are seeking ways to reduce their reliance on foreign technology.
Price Action: As of this writing, Alphabet's Class A shares rose 0.047% in after-hours trading to $169.20, while Class C shares increased by 0.11% to $170.80. During Tuesday's regular session, Class A shares closed up 0.88% at $169.12, and Class C shares ended 0.70% higher at $170.62, according to <a href="https://benzinga.grsm.io/lxquj26b2sag" target="_blank" rel="noreferrer noopener">Benzinga Pro data</a>.
Apple&#8217;s stock gained 0.94% on Tuesday, closing at $235.06, and saw an additional 0.20% rise in after-hours trading. Since the year began, Apple stock has risen 26.62%, more than the Nasdaq 100 index's 26.47% gain in the same period.
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>.
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Media

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Apple's Premium Phone Reign In China Meets Challenger In Huawei's Mate 70 As New Smartphone Breaks Free From Google's Grip

111 (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/YI#NASDAQ">YI</a>) reported quarterly losses of $(0.02) per share. This is a 83.33 percent increase over losses of $(0.12) per share from the same period last year. The company reported quarterly sales of $513.09 million which missed the analyst consensus estimate of $534.67 million by 4.04 percent. This is a 2.14 percent increase over sales of $502.36 million the same period last year.

Earnings

111 Q3 Adj. EPADS $(0.02) Up From $(0.12) YoY, Sales $513.09M Miss $534.67M Estimate

JOYY (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/YY#NASDAQ">YY</a>) reported quarterly earnings of $1.07 per share which beat the analyst consensus estimate of $0.94 by 13.83 percent. This is a 12.3 percent decrease over earnings of $1.22 per share from the same period last year. The company reported quarterly sales of $558.700 million which missed the analyst consensus estimate of $561.600 million by 0.52 percent. This is a 1.48 percent decrease over sales of $567.100 million the same period last year.

Earnings Beats

Earnings Misses

JOYY Q3 2024 Adj. EPADS $1.07 Beats $0.94 Estimate, Sales $558.700M Miss $561.600M Estimate

LTRY

Reported Earlier, Lottery.com Receives Nasdaq Compliance Notice Over Late Form 10-Q

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Vice President-elect James David Vance is a venture capitalist with investment experience in technology and connections to several notable industry mavens.
What Happened: According to his pre-election financial disclosures dated Aug. 13, 2024, Vance&#8217;s top holdings include investments in ETFs and Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) apart from his position as a general or a limited partner in a few private equity and venture capital funds.
<a href="https://efdsearch.senate.gov/search/home/">United States Senate Financial Disclosures</a>&#8216; official website, details Vance&#8217;s holdings across the board. The most notable investments with the highest deployment of funds include top ETFs.
Invesco QQQ Trust, Series 1 (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NYSE">QQQ</a>) is Vance&#8217;s topmost investment with an invested value between $1 million and $5 million. This is followed by $500,000 to $1 million investments in SPDR Dow Jones Industrial Average ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIA#NYSE">DIA</a>) and SPDR S&amp;P 50 ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIA#NYSE">DIA</a>). Vance has also invested about $100,000 to $250,000 in the iShares 20+ Year Treasury Bond ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TLT#NYSE">TLT</a>), and SPDR Gold Trust ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GLD#NYSE">GLD</a>).
Apart from these, Vance has also invested about $100,001 to $250,000 in Bitcoin. He is also associated as a limited partner and general partner with Narya Capital Fund I, L.P, Rise of the Rest Seed Fund, LP and Rise of the Rest Seed Fund AIV GP, LLC.
Also read: <a href="https://www.benzinga.com/markets/cryptocurrency/24/07/39799850/5-things-you-might-not-know-about-j-d-vance-hillbilly-elegy-author-bitcoin-holder-first-mi">5 Things You Might Not Know About J.D. Vance: &#8216;Hillbilly Elegy&#8217; Author, Bitcoin Holder, First Millennial VP Pick And More</a>
Why It Matters: Vance is set to become the <a href="https://www.benzinga.com/markets/cryptocurrency/24/07/39799850/5-things-you-might-not-know-about-j-d-vance-hillbilly-elegy-author-bitcoin-holder-first-mi">first millennial VP</a> for a major party in a presidential race. Before his career in politics, Vance was a former principal at Peter Thiel&#8217;s Mithril Capital in 2016 and 2017. He later left Mithril to work at Revolution LLC in 2017, an investment firm founded by AOL founder Steve Case. In 2019, Vance co-founded Narya Capital, a venture capital fund.
Trump&#8217;s critic turned running mate, Vance had publicly called the President-elect &#8220;reprehensible&#8221; and said that he is worried about his political ideology, <a href="https://www.washingtonpost.com/elections/2024/07/15/jd-vance-trump-criticism/">reported</a> the Washington Post.
The senator brushed off the past criticism of Trump in <a href="https://www.foxnews.com/media/jd-vance-addresses-past-criticism-trump-after-hes-chosen-vp-bought-medias-lies-distortions">his interviews</a> before the election. &#8220;I was certainly skeptical of Donald Trump in 2016, but President Trump was a great president, and he changed my mind,&#8221; Vance said. The Vice President-elect said he &#8220;bought into the media&#8217;s lies and distortions.&#8221;
Image via Shutterstock
Read next: 
<ul>
<li><a href="https://www.benzinga.com/markets/24/11/42158373/trumps-commerce-secretary-pick-howard-lutnicks-fund-owns-1-19b-in-nvidia-804m-in-tesla-here-is-a-look-at-his-portfolio">Trump&#8217;s Commerce Secretary Pick Howard Lutnick&#8217;s Fund Owns $1.19B In Nvidia, $804M In Tesla: Here Is A Look At His Portfolio</a></li>
</ul>

Market Summary

Sector ETFs

Broad U.S. Equity ETFs

Currency ETFs

Politics

ETFs

SPDR Dow Jones Industrial Average ETF Trust

iShares Trust Barclays 20+ Year Treasury Bond Fund

JD Vance's Investment Playbook Has Bitcoin And ETFs: Here's What Else The VP-Elect Is Betting On

Macro Economic Events

Econ #s

Economics

Reported Earlier, Australia Construction Work Done (QoQ) For Q3 1.6% Vs. 0.4% Est.; 1.1% (Revised) Prior

Donald Trump's presidential victory gave an unprecedented boost to the cryptocurrency market, pushing major assets like Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) to new highs.&nbsp;
However, the bull market has also managed to draw attention back to those altcoins that have struggled to gain traction this year.
What happened: Polygon (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/matic/usd">MATIC</a>), now rebranded to POL, has been one of the biggest benefactors, surging over 61% over the last month. The token climbed to a five-month high earlier this week.
In fact, the coin&#8217;s 30-day gains have significantly exceeded those of blue-chip cryptocurrencies like Bitcoin and Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>), which rose nearly 36%.
Influential cryptocurrency analyst Ali Martinez foresaw strong upside potential for POL, based on multiple bullish indicators.
In an X post on Monday, Martinex highlighted that despite the uptick, only about 15% of POL holders were in profit, reducing the possibility of immediate sell-offs.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">I have a wild price prediction for <a href="https://twitter.com/hashtag/Polygon?src=hash&amp;ref_src=twsrc%5Etfw">#Polygon</a> <a href="https://twitter.com/search?q=%24POL&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$POL</a> that many will think this post is sponsored… But it's not! So, let's dive in! &#x1f447;&#x1f9f5;
&mdash; Ali (@ali_charts) <a href="https://twitter.com/ali_charts/status/1861009482093883409?ref_src=twsrc%5Etfw">November 25, 2024</a></blockquote>
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</figure>
Furthermore, on-chain activity showed promise, with active addresses, transaction volume, and whale transactions all experiencing spikes.
In fact, whales have been on an accumulation spree, scooping millions of POL tokens.
With no "major" selling pressure and surging whale interest, Martinez issues a bold forecast.
"I believe that POL consolidates in a multi-year descending triangle, and a weekly close above $0.7973 could trigger a rally to $15.27 or $36.17,&#8221; he said.
This would amount to a staggering upside from the current level, in the range of 2725%-6592%.
See Also: <a href="https://www.benzinga.com/markets/cryptocurrency/24/11/42155055/crypto-analyst-bitcoin-poised-to-skyrocket-to-180k-and-eventually-top-1m">Crypto Analyst: Bitcoin Poised To Skyrocket To $180K and &#8216;Eventually&#8217; Top $1M</a>
Several technical indicators also flashed a bullish signal for POL.&nbsp;
The Moving Average Convergence Divergence (MACD), a trend-following momentum indicator that shows the relationship between two moving averages (MAs), flashed a "Buy" signal, according to <a href="https://www.tradingview.com/symbols/POLYGUSD/technicals/">data </a>from TradingView.
Additionally, most MAs, including exponential and simple, gave a bullish prediction.&nbsp;
That said, the derivatives market anticipated price declines as the number of traders levered short on the coin exceeded those placing bullish bets, data from the Long/Short Ratio showed.
Price Action: At the time of writing, POL was trading at $0.5405, down 2,75% 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>. The coin has lagged other cryptocurrencies in 2024, falling over 46% year-to-date.&nbsp;
Read Next:&nbsp;
<ul>
<li><a href="https://www.benzinga.com/markets/cryptocurrency/24/11/42205579/jim-cramer-says-bitcoin-and-ethereum-deserve-a-spot-in-your-portfolio-as-hedge-against-rising-us-debt-ive-liked-crypto-for-a-very-long-time">Jim Cramer Says Bitcoin And Ethereum &#8216;Deserve A Spot In Your Portfolio&#8217; As Hedge Against Rising US Debt: &#8216;I&#8217;ve Liked Crypto For A Very Long Time&#8217;</a></li>
</ul>

$ETH

$MATIC

Crypto's Next Mega-Rocket? Analyst Forecasts Insane 2725%-6600% Surge For This Coin

The incoming Donald Trump administration is reportedly planning to extend the regulatory power of the Commodity Futures Trading Commission to oversee a major portion of the cryptocurrency market.
What Happened: The&nbsp;CFTC's role could soon expand&nbsp;to include the regulation of&nbsp;spot markets for major assets such as&nbsp;Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) and Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>), along&nbsp;with the exchanges that facilitate&nbsp;their trading, Fox Business <a href="https://www.foxbusiness.com/markets/trump-admin-eyes-cftc-lead-digital-asset-regulation">reported </a>on Tuesday, citing sources close to Trump&#8217;s team.
The proposed move is&nbsp;part of a broader effort&nbsp;by President-elect Trump and&nbsp;the Republican majorities in Congress&nbsp;to scale back the regulatory power that&nbsp;the SEC has exerted&nbsp;over the digital asset industry&nbsp;under President Joe Biden and his&nbsp;outgoing SEC chairman, Gary Gensler.
Key figures&nbsp;in the incoming Trump administration&nbsp;believe that less stringent regulation&nbsp;is needed to spur innovation&nbsp;in the cryptocurrency business.
If implemented, the move would give the CFTC, the regulator of the U.S. derivatives market, jurisdiction over a nearly $2.24 trillion market for Bitcoin and Ethereum, making up more than 70% of the global cryptocurrency market.
The CFTC didn&#8217;t immediately respond to Benzinga&#8217;s request for confirmation. A mail sent to Trump&#8217;s former campaign spokesman wasn&#8217;t responded to either.
See Also:&nbsp;<a href="https://www.benzinga.com/markets/cryptocurrency/24/11/42205579/jim-cramer-says-bitcoin-and-ethereum-deserve-a-spot-in-your-portfolio-as-hedge-against-rising-us-debt-ive-liked-crypto-for-a-very-long-time">Jim Cramer Says Bitcoin And Ethereum &#8216;Deserve A Spot In Your Portfolio&#8217; As Hedge Against Rising US Debt: &#8216;I&#8217;ve Liked Crypto For A Very Long Time&#8217;</a>
Why It Matters: The CFTC has long considered digital assets like Ethereum <a href="https://www.benzinga.com/markets/cryptocurrency/23/03/31270768/ethereum-a-commodity-too-cftc-chair-thinks-it-should-be-added-to-gary-genslers-bitcoin-onl">as commodities</a>, as stated by CFTC Chair Rostin Benham in his testimony before the Senate Agriculture Committee, in contrast to the <a href="https://www.benzinga.com/markets/cryptocurrency/24/03/37538468/sec-chair-gary-gensler-declines-to-say-whether-ethereum-is-a-commodity-its-about-circumsta">SEC&#8217;s ambiguous position</a> on the asset.
As for Bitcoin, the asset has <a href="https://www.benzinga.com/markets/cryptocurrency/22/06/27866983/commodity-or-security-new-bitcoin-insights-from-sec-chairman-gary-gensler">long been recognized as a commodity</a>, even by the SEC, protecting it against regulatory scrutiny.
The Trump transition team has been considering the creation of a <a href="https://www.benzinga.com/markets/cryptocurrency/24/11/42098407/donald-trump-reportedly-eyeing-the-first-crypto-focused-role-in-the-white-house">White House role dedicated to cryptocurrency policy</a>, indicating a potential shift in the U.S. government's approach to digital assets (<a href="https://www.benzinga.com/markets/cryptocurrency/24/11/42098407/donald-trump-reportedly-eyeing-the-first-crypto-focused-role-in-the-white-house">source</a>).
This change in regulatory oversight comes as SEC Chair Gary Gensler, known for his stringent regulatory approach towards cryptocurrencies, <a href="https://www.benzinga.com/government/regulations/24/11/42120607/gary-gensler-to-step-down-as-sec-chair-on-trumps-inauguration-day">announced his resignation </a>effective from Trump&#8217;s inauguration day.
Image via Pixabay
Read Next:&nbsp;
<ul>
<li><a href="https://www.benzinga.com/markets/cryptocurrency/24/11/42198909/trump-linked-crypto-platform-world-liberty-financial-appoints-justin-sun-as-advisor-after-30-million-investment">Trump-Linked Crypto Platform World Liberty Financial Appoints Justin Sun As Advisor After $30 Million Investment</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>

Government

Regulations

Trump Administration To Reportedly Let CFTC Regulate Bitcoin, Ethereum Spot Market, Is The SEC Set To Lose Its Grip Over Crypto?

In a provocative discourse on modern military technology, leading tech innovators are challenging traditional warfare strategies, arguing that autonomous drones and artificial intelligence will <a href="https://www.benzinga.com/news/24/11/42157649/trumps-doge-co-lead-elon-musk-slams-lockheed-martins-f-35-fighter-jets-advocates-drone-warfare-as-pentagon-defends-1-8-trillion-program">fundamentally transform military combat</a>.
What Happened: Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) CEO Elon Musk sparked widespread discussion by asserting that &#8220;future wars are all about drones &amp; hypersonic missiles&#8221; and that human-piloted fighter jets will be quickly decimated in modern conflict.
Pierre Ferragu, an analyst at New Street Research, further proposed redirecting Defense Department budgets toward innovative startups, drawing parallels to NASA&#8217;s approach two decades ago.
Musk&#8217;s perspective was amplified during a podcast with Joe Rogan and Marc Andreessen, where they detailed the potential of AI-controlled aircraft. The experts highlighted critical advantages of drone warfare, including:
<ul>
<li>Unprecedented processing speeds</li>
<li>Ability to withstand extreme G-forces</li>
<li>Elimination of human physical limitations</li>
<li>Potential for larger, more numerous deployment</li>
</ul>
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Time to shift the Defense Department's budget toward start-ups, just as NASA began doing 20 years ago. Will fuel innovation, spur economic growth, create wealth, and deliver the defense capabilities we deserve. <a href="https://t.co/U5HoxVEGlf">https://t.co/U5HoxVEGlf</a>
&mdash; Pierre Ferragu (@p_ferragu) <a href="https://twitter.com/p_ferragu/status/1861530036513423452?ref_src=twsrc%5Etfw">November 26, 2024</a></blockquote>
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See Also: <a href="https://www.benzinga.com/news/24/11/42205410/elizabeth-warren-slams-trump-transition-funding-strategy-involving-private-donors-calls-it-ploy-for-insiders-to-line-their-pockets">Elizabeth Warren Slams Trump Transition Funding Strategy Involving Private Donors, Calls It Ploy For &#8216;Insiders To Line Their Pockets&#8217;</a>
What Happened: The Pentagon&#8217;s F-35 program, manufactured by Lockheed Martin Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LMT#NYSE">LMT</a>), remains a focal point of debate. Despite a staggering $1.8 trillion estimated total cost, the program continues to face scrutiny from technology leaders <a href="https://www.benzinga.com/news/24/11/42157649/trumps-doge-co-lead-elon-musk-slams-lockheed-martins-f-35-fighter-jets-advocates-drone-warfare-as-pentagon-defends-1-8-trillion-program">questioning its long-term relevance</a>.
Musk, recently appointed to co-lead the Department of Government Efficiency (DOGE), has been vocal about reducing government expenditures. His critique extends beyond military technology, previously warning about potential economic risks from <a href="https://www.benzinga.com/general/social-media/24/11/42155884/economist-slams-doges-simplistic-approach-to-government-spending-questions-super-bowl-ad-criticism">excessive government spending</a>.
Analysts like Mario Georgiou from InCred Global Wealth U.K. suggest potential annual savings between $50-100 billion, though this represents a modest fraction of the projected $6.7 trillion <a href="https://www.benzinga.com/24/11/42131911/donald-trump-appointed-doge-to-have-marginal-impact-saving-50-100-billion-says-analyst-as-elon-musk-aims-to-target-500-billion-plus-in-federal-expenditures">federal budget for 2024</a>.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/general/biotech/24/11/42206182/cathie-wood-sees-400b-opportunity-in-biologics-how-have-her-bets-fared">Cathie Wood Sees $400B Opportunity In Biologics — How Have Her Bets Fared?</a></li>
</ul>
Image Via Shutterstock 
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Startups

Amid Elon Musk's Push For Drones And AI For Combat Transformation, Analyst Pierre Ferragu Says Shift The Defense Budget In Favor Of Startups

Cathie Wood, CEO of ARK Invest, is doubling down on biologics, seeing unprecedented potential at the intersection of artificial intelligence, genetic sequencing, and gene editing technologies.
What Happened: Wood&#8217;s enthusiasm centers on what she describes as a transformative convergence of technologies that could revolutionize medical treatment and drug discovery. 
Speaking candidly about the sector, Wood highlighted the remarkable progress in genetic therapies, particularly in companies like Crispr Therapeutics AG (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CRSP#NASDAQ">CRSP</a>), Intellia Therapeutics Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NTLA#NASDAQ">NTLA</a>), and Beam Therapeutics Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BEAM#NASDAQ">BEAM</a>).
Her most striking example involves Crispr Therapeutics&#8217; recent breakthrough in sickle cell disease treatment. Wood noted, referencing how patients who previously required 12 to 20 annual blood transfusions might now be free from such interventions.
The strategy extends beyond treatment breakthroughs to drug development itself. Wood points to companies like Recursion Pharmaceuticals Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RXRX#NASDAQ">RXRX</a>) as leveraging artificial intelligence to dramatically reduce clinical trial failure rates and accelerate drug development timelines.
However, the market performance of these innovative companies tells a more nuanced story. Year-to-date, the stocks have experienced significant volatility: Crispr Therapeutics is down 25.36%, Intellia Therapeutics has dropped 52.21%, Beam Therapeutics declined 3.04%, and Recursion Pharmaceuticals fell 9.80%, according to <a href="https://www.benzinga.com/pro/">data from Benzinga Pro</a>.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Which market sector excites <a href="https://twitter.com/CathieDWood?ref_src=twsrc%5Etfw">@CathieDWood</a> the most and why? In <a href="https://twitter.com/hashtag/askARK?src=hash&amp;ref_src=twsrc%5Etfw">#askARK</a>, she shares her growing enthusiasm for the biologics space. Have more questions for Cathie? Share them in the comments. <a href="https://t.co/WjilZChce6">pic.twitter.com/WjilZChce6</a>
&mdash; ARK Invest (@ARKInvest) <a href="https://twitter.com/ARKInvest/status/1861431767506268404?ref_src=twsrc%5Etfw">November 26, 2024</a></blockquote>
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See Also: <a href="https://www.benzinga.com/general/entertainment/24/11/42205763/disney-reaches-43m-settlement-in-gender-pay-discrimination-lawsuit-women-can-expect-equitable-treatment-moving-forward">Disney Reaches $43M Settlement In Gender Pay Discrimination Lawsuit: &#8216;Women Can Expect Equitable Treatment&#8217; Moving Forward</a>
Why It Matters: ARK&#8217;s commitment to this sector is evident through its Genomic Revolution ETF (BATS:<a class="ticker" href="https://www.benzinga.com/stock/ARKG#BATS">ARKG</a>), which manages net assets of $1.179 billion. The fund&#8217;s performance reflects the sector&#8217;s volatility, with annual returns ranging from a high of 180.50% in 2020 to a low of -53.94% in 2022.
The ETF&#8217;s current top holdings underscore Wood&#8217;s strategic focus on innovative biological technologies. Twist Bioscience Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TWST#NASDAQ">TWST</a>) leads the portfolio at 8.90%, followed by Crispr Therapeutics at 7.88% and Recursion Pharmaceuticals at 6.17%. Other significant investments include CareDx Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CDNA#NASDAQ">CDNA</a>), Veracyte Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VCYT#NASDAQ">VCYT</a>), and Adaptive Biotechnologies Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ADPT#NASDAQ">ADPT</a>), representing a diversified approach to genomic and biological innovation.
Wood&#8217;s vision suggests a potential $400 billion market opportunity in biologics over the next five years, driven by the unprecedented convergence of AI, sequencing technologies, and gene editing. 
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/economics/macro-economic-events/24/11/42202496/goldman-sachs-expects-major-selloffs-in-canadian-dollar-mexican-peso-says-trump-tariffs-threaten-usmca-agreement">Goldman Sachs Expects Major Selloffs In Canadian Dollar, Mexican Peso, Says Trump Tariffs Threaten USMCA Agreement</a></li>
</ul>
Image via Ark Invest
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Biotech

Health Care

ADPT

ARKG

BEAM

CDNA

CRSP

NTLA

RXRX

TWST

VCYT

Cathie Wood Sees $400B Opportunity In Biologics — How Have Her Bets Fared?

ChatGPT-maker OpenAI's unreleased Sora text-to-video AI model has reportedly been leaked by a group of beta testers protesting its handling of artists.
What Happened: A group of Sora beta testers claimed responsibility for leaking access to the model on Tuesday, which included a working interface, on Hugging Face, a public repository for AI tools.
According to an open letter, the artists accused OpenAI of exploiting their work for &#8220;unpaid R&amp;D&#8221; and &#8220;art washing.&#8221; They alleged that the company used them to create promotional credibility while denying fair compensation.
&#8220;We are sharing this to the world in the hopes that OpenAI becomes more open, more artist friendly, and supports the arts beyond PR stunts,&#8221; the letter read.
See Also: <a href="https://www.benzinga.com/tech/24/11/42154107/consumer-tech-news-nov-18-nov-22-us-doj-demands-google-to-divest-chrome-browser-gemini-ai-available-on-apple-more?itm_source=parsely-api">Consumer Tech News (Nov 18-Nov 22): US DOJ Demands Google To Divest Chrome Browser, Gemini AI Available On Apple &amp; More</a>
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">This looks real &#8211; early testers have leaked access to OpenAI Sora using Hugging Face Space <a href="https://t.co/Hx1vflGsx5">https://t.co/Hx1vflGsx5</a> <a href="https://t.co/HFDd3aDT8C">pic.twitter.com/HFDd3aDT8C</a>
&mdash; Tibor Blaho (@btibor91) <a href="https://twitter.com/btibor91/status/1861433835528839632?ref_src=twsrc%5Etfw">November 26, 2024</a></blockquote>
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</figure>
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">&#x1f6a8; Another leaked SORA anime video Do you think the next generation of anime will be AI-generated? <a href="https://t.co/vOp8WxVUri">pic.twitter.com/vOp8WxVUri</a>
&mdash; Haider. (@slow_developer) <a href="https://twitter.com/slow_developer/status/1861473746990530673?ref_src=twsrc%5Etfw">November 26, 2024</a></blockquote>
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</figure>
OpenAI did not immediately respond to <a href="https://pro.benzinga.com/dashboard">Benzinga's</a> request for comments.
Subscribe to the <a href="https://bztechtrends.beehiiv.com/subscribe">Benzinga Tech Trends newsletter</a> to get all the latest tech developments delivered to your inbox.
Why It Matters: Last month, OpenAI&#8217;s valuation <a href="https://www.benzinga.com/news/24/10/41149788/openai-valuation-soars-to-157b-in-latest-funding-round">soared to $157 billion</a> following a successful funding round.
OpenAI&#8217;s potential shift from a nonprofit to a for-profit model has led to a financial and <a href="https://www.benzinga.com/startups/24/10/41556636/microsoft-and-openai-clash-over-14-billion-as-the-ai-leader-converts-to-a-for-profit-business-disrup">governance tug-of-war</a> with Microsoft Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>), which has invested nearly $14 billion in the company since 2019.
ChatGPT-maker has also been grappling with a series of <a href="https://www.benzinga.com/news/24/09/41037848/openai-cto-mira-murati-steps-down-i-want-to-create-the-time-and-space-to-do-my-own-exploration-elon">high-profile exits</a>, including its CTO Mira Murati, who in March said that Sora was <a href="https://www.benzinga.com/news/24/03/37688389/openais-mira-murati-lists-out-the-real-issues-delaying-sora-ai-release-this-is-the-reason-why-were-n">expected to launch</a> by the end of 2024.
At the time she also said that the company would not release the model unless they were confident in its ability to avoid negative impacts, such as influencing global elections.
Check out more of Benzinga&#8217;s Consumer Tech coverage by <a href="https://www.benzinga.com/topic/consumer-tech">following this link</a>.
Photo courtesy: Shutterstock
Read Next:
<ul>
<li><a href="https://www.benzinga.com/24/11/42156373/marc-benioff-warns-were-near-the-upper-limits-of-llms-the-future-of-ai-lies-in-autonomous-agents-not-bots-like-chatgpt?itm_source=parsely-api">Marc Benioff Says Future Of AI Not In Bots Like ChatGPT But In Autonomous Agents: We Aren&#8217;t At The Moment Seen In Those &#8216;Crazy&#8217; Movies</a></li>
</ul>
Disclaimer: This content was partially produced with the help of <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and was reviewed and published by Benzinga editors.

MSFT

OpenAI's Sora Video Model Leak Exposes Deep Rift With Artists — Unpaid R&D, PR Puppets, And Content Approval Fury: What You Need To Know

Leading cryptocurrencies slid further Tuesday, as long-term investors continued to chase profits.&nbsp;
<figure class="wp-block-table"> 
<table>
<tbody>
<tr>
<td>Cryptocurrency</td>
<td>Gains +/-</td>
<td>Price (Recorded at 8:30 p.m. ET)</td>
</tr>
<tr>
<td>Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>)</td>
<td>-2.18%</td>
<td>$92,538.27</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>-3.32%</td>
<td>$3,335.13</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>-4.39%</td>
<td>$0.3886</td>
</tr>
</tbody>
</table>
</figure>
What Happened: Bitcoin fell to an intraday low of $90,770 before recovering to $92,500 in overnight hours. The corrective action has wiped all of the gains made over the week, halting the leading cryptocurrency&#8217;s rise to $100,000.
Long-term Bitcoin holders have offloaded 728,000 coins in the past 30 days, marking the largest sell-off since April.
<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">Long-term holders have offloaded 728,000 <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw">#Bitcoin</a> in the past 30 days. This marks the highest sell-off since April. <a href="https://t.co/oWqqgIUeSR">pic.twitter.com/oWqqgIUeSR</a>
&mdash; CryptoQuant.com (@cryptoquant_com) <a href="https://twitter.com/cryptoquant_com/status/1861467958851289158?ref_src=twsrc%5Etfw">November 26, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Over $364 million in long positions were liquidated in the past 24 hours, out of a total of $477 million. Bitcoin's Open Interest also declined by over 5% in the last 24 hours.&nbsp;
That said, the number of Binance traders going long on Bitcoin still heavily outpaced those betting against the asset, <a href="https://www.coinglass.com/LongShortRatio">according </a>to the Long/Shorts Ratio indicator.
Additionally, around $695 million in leveraged shorts risked liquidation if the apex cryptocurrency rebounds to $98,000.
Top Gainers (24-Hours)
<figure class="wp-block-table"> 
<table>
<tbody>
<tr>
<td>Cryptocurrency</td>
<td>Gains +/-</td>
<td>Price (Recorded at 8:30 p.m. ET)</td>
</tr>
<tr>
<td>Algorand (ALGO)</td>
<td>+13.71%</td>
<td>$0.3031</td>
</tr>
<tr>
<td>Fantom (FTM)</td>
<td>+7.27%</td>
<td>$1.08</td>
</tr>
<tr>
<td>Injective (INJ)</td>
<td>+7.09%</td>
<td>$29.61</td>
</tr>
</tbody>
</table>
</figure>
The global cryptocurrency market capitalization stood at $3.18 trillion, following a contraction of 2.29% in the last 24 hours.
Stocks climbed to new records Tuesday. The Dow Jones Industrial Average rose 123.74 points, or 0.28%, to close at 44,860.31, while the S&amp;P 500 gained 0.57% to end at 6,021.63. Both the broad-based indexes closed at record highs. Tech-focused Nasdaq Composite added 0.63% higher to close at 19,175.58.
Investors parsed the minutes from the Federal Reserve meeting, which <a href="https://www.benzinga.com/economics/macro-economic-events/24/11/42198763/fed-minutes-reveal-confidence-in-inflation-reduction-yet-flag-divergent-views-on-interest-rate-path-ahead">revealed </a>a consensus among policymakers that inflation was gradually reducing.
Market participants raised the odds of a 25 basis-point cut in next month's FOMC meeting to 57.7%, up from 52.3% a day earlier, <a href="https://www.cmegroup.com/markets/interest-rates/cme-fedwatch-tool.html">according </a>to the CME FedWatch tool.
The personal consumption expenditure (PCE) data, considered the Fed's preferred inflation gauge, is slated to be released Wednesday.
.See More: <a href="https://www.benzinga.com/money/best-crypto-scanners">Best Cryptocurrency Scanners</a>
Analyst Notes: In a note shared with Benzinga, Haider Rafique, Global Chief Marketing Officer at cryptocurrency exchange OKX, commented on why Bitcoin was fumbling around the $100,000 mark.
&#8220;There&#8217;s definitely profit-taking at these levels. The average holding price is around $30,000, representing a two to three-times upside for investors. So, there&#8217;s significant sell pressure, but we also see equal buyback pressure," Rafique stated.
He added, "Many people have had $100,000 as a price target for liquidation. We&#8217;re seeing institutions like MicroStrategy buying and holding significant supply, which naturally reduces available liquidity on exchanges and creates upward momentum."&nbsp;
Widely-followed cryptocurrency analyst Ali Martinez spotted a ‘buy signal' from the TD Sequential indicator on Bitcoin's hourly chart.
Additionally, with the Relative Strength Index (RSI) forming a higher low, a bullish divergence was witnessed, potentially helping Bitcoin to rebound to $95,000-$96,000.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">The TD Sequential presents a buy signal on the <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw">#Bitcoin</a> <a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$BTC</a> hourly chart, while a bullish divergence forms against the RSI, which could help <a href="https://twitter.com/hashtag/BTC?src=hash&amp;ref_src=twsrc%5Etfw">#BTC</a> rebound to $95,000 &#8211; $96,000! Join me in this trade by signing up to <a href="https://twitter.com/coinexcom?ref_src=twsrc%5Etfw">@coinexcom</a> using my referral link <a href="https://t.co/73n8mW9Y5p">https://t.co/73n8mW9Y5p</a>. <a href="https://t.co/lKozxI8JVP">pic.twitter.com/lKozxI8JVP</a>
&mdash; Ali (@ali_charts) <a href="https://twitter.com/ali_charts/status/1861400256463737199?ref_src=twsrc%5Etfw">November 26, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Photo by CMP_NZ on Shutterstock
Read Next:    
<ul>
<li><a href="https://www.benzinga.com/markets/cryptocurrency/24/11/42198909/trump-linked-crypto-platform-world-liberty-financial-appoints-justin-sun-as-advisor-after-30-million-investment">Trump-Linked Crypto Platform World Liberty Financial Appoints Justin Sun As Advisor After $30 Million Investment</a></li>
</ul>

Movers

Trading Ideas

$DOGE

Bitcoin, Ethereum, Dogecoin Tumble As 'Diamond Hands' Lock In Gains: Top Analyst Anticipates BTC Rebound

On Tuesday, Cathie Wood-led Ark Invest executed significant trades involving Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>). The trades included the sale of Tesla shares across multiple ETFs, reflecting strategic adjustments in Ark&#8217;s portfolio.
The Tesla Trade
Ark Invest&#8217;s decision to sell Tesla shares on Tuesday was a continuation of its recent trading strategy. The ARK Innovation ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ARKK#NYSE">ARKK</a>) offloaded 33,837 shares, while the ARK Autonomous Technology &amp; Robotics ETF (BATS:<a class="ticker" href="https://www.benzinga.com/stock/ARKQ#BATS">ARKQ</a>) sold 19,474 shares. With Tesla&#8217;s closing price at $338.23, these sales amounted to approximately $18.03 million. 
This move follows a series of trades where Ark has been recalibrating its holdings, including significant transactions involving Tesla earlier in the week. <a href="https://www.benzinga.com/24/11/42180029/ark-invest-shakes-up-portfolio-with-big-tesla-and-amazon-trades">Recent adjustments</a> came amid potential impacts from California&#8217;s consumer rebates proposal affecting Tesla&#8217;s eligibility.
Despite the sale, Cathie Wood has previously expressed a bullish outlook on Tesla&#8217;s future, particularly in the autonomous vehicle sector. She <a href="https://www.benzinga.com/markets/equities/24/10/41200165/cathie-wood-predicts-trillion-dollar-revenue-opportunity-for-tesla-in-autonomous-vehicles-winner">envisions</a> a &#8220;trillion-dollar-plus revenue opportunity&#8221; for Tesla, driven by advancements in autonomous driving technology. Wood&#8217;s confidence in Tesla&#8217;s long-term prospects remains strong, even as Ark Invest strategically reallocates its portfolio. Wood&#8217;s predictions highlight the potential for Tesla to dominate the market with its innovative technologies.
Other Key Trades:
See Also: <a href="https://www.benzinga.com/markets/cryptocurrency/24/11/42159139/microstrategy-shares-rise-in-monday-pre-market-as-michael-saylor-reveals-mstr-generating-500m-daily-amid-bitcoins-surge?itm_source=parsely-api" target="_blank" rel="noopener">MicroStrategy Shares Rise In Monday Pre-Market As Michael Saylor Reveals MSTR Generating $500M Daily Amid</a>
<ul>
<li>Advanced Micro Devices Inc. : Ark Invest purchased 17,521 shares through the ARK Autonomous Technology &amp; Robotics ETF. The transaction was valued at $2.4 million based on AMD stock closing 2.4% lower at $137.22 on Tuesday.</li>
<li>Illumina Inc. : 50,424 shares were acquired by the ARK Innovation ETF .</li>
<li>Pacific Biosciences of California Inc. : Ark Invest bought 48,276 shares via the ARK Innovation ETF and 28,368 shares through ARK Genomic Revolution ETF. </li>
<li>Twist Bioscience Corp : The ARK Innovation ETF added 18,146 shares to its holdings. 3,275 shares were added through ARK Genomic Revolution ETF.</li>
</ul>
Image via Shutterstock
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/24/11/42151809/michael-saylor-reveals-microstrategy-is-making-500m-a-day-with-bitcoin-may-very-well-be-the-most-profitable-company-in-the-us-growing-the-fastest-right-now?itm_source=parsely-api" target="_blank" rel="noopener">Michael Saylor Reveals MicroStrategy Is &#8216;Making $500M A Day&#8217; With Bitcoin: &#8216;May Very Well Be The Most Profitable Company In The US Growing The Fastest Right Now&#8217;</a></li>
</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

ARKQ

Cathie Wood's Latest Tesla Dump: Ark Sells $18M Worth Of Stock

The Walt Disney Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIS#NYSE">DIS</a>) has agreed to pay $43.25 million to settle a gender pay discrimination lawsuit, ending years of legal proceedings.
What Happened: The lawsuit, filed in 2019 by Disney employee LaRonda Rasmussen, alleged that she was paid less than male colleagues in similar roles.
The case expanded as more female employees joined, leading to a California judge granting class certification in December 2023.
Plaintiffs argued that Disney had a company-wide policy before 2018 that resulted in women receiving lower starting salaries than men.
This was partly due to basing pay on prior salaries, which often reflected gender disparities.
A labor economist&#8217;s analysis, cited by the plaintiffs, indicated that from 2015 to 2022, women at Disney earned less than their male counterparts, with a 2.01% female pay penalty.
See Also: <a href="https://www.benzinga.com/news/earnings/24/11/42201885/dell-technologies-shares-drop-after-q3-revenue-misses-estimates-details?itm_source=parsely-api">Dell Technologies Shares Drop After Q3 Revenue Misses Estimates: Details</a>
Disney contested these findings, maintaining their commitment to fair pay. A Disney spokesperson stated, &#8220;We have always been committed to paying our employees fairly and have demonstrated that commitment throughout this case.&#8221;
Christine Webber, representing the plaintiffs, praised the women involved, stating, &#8220;This settlement would not be possible without these courageous women. Because of them, women can expect equitable treatment at Disney in the future.&#8221;
Why It Matters: The settlement comes amid a broader trend of gender pay discrimination lawsuits in major corporations.
Earlier this year in June, Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) faced <a href="https://www.benzinga.com/24/06/39322674/apple-hit-with-class-action-lawsuit-over-alleged-unequal-pay-for-women">a class-action lawsuit</a> alleging unequal pay for women, highlighting ongoing issues in Silicon Valley.
Similarly, Goldman Sachs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GS#NYSE">GS</a>) settled a <a href="https://www.benzinga.com/markets/equities/23/05/32280690/goldman-sachs-woes-doesnt-end-women-employees-discrimination-lawsuit-costs-215m">gender discrimination lawsuit</a> for $215 million in May 2023, and Alphabet Inc. (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>) agreed to a <a href="https://www.benzinga.com/news/22/06/27660579/google-agrees-to-pay-118m-to-settle-gender-discrimination-lawsuit">$118 million settlement</a> in June 2022.
Earlier this month, Disney reported strong financial performance, with a 6% revenue growth in <a href="https://www.benzinga.com/24/11/41971559/disneys-q4-boosted-by-streaming-gains-strong-box-office-and-solid-parks-performance">the fourth quarter of 2024</a>.
Price Action: Disney&#8217;s stock declined 0.47% on Tuesday, closing at $115.45, followed by a 0.11% drop in after-hours trading. Year-to-date, Disney shares have risen 27.27%, slightly outperforming the Nasdaq 100 index, which is up 26.47%, <a href="https://pro.benzinga.com/dashboard">according to Benzinga Pro data</a>.
Image via Shutterstock
Read Next:
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<li><a href="https://www.benzinga.com/tech/24/11/42154107/consumer-tech-news-nov-18-nov-22-us-doj-demands-google-to-divest-chrome-browser-gemini-ai-available-on-apple-more?itm_source=parsely-api">Consumer Tech News (Nov 18-Nov 22): US DOJ Demands Google To Divest Chrome Browser, Gemini AI Available On Apple &amp; More</a></li>
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Disclaimer: 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.

Entertainment

Legal

Disney Reaches $43M Settlement In Gender Pay Discrimination Lawsuit: 'Women Can Expect Equitable Treatment' Moving Forward

The stock market saw a positive trend on Tuesday, with the S&amp;P 500 and the Nasdaq Composite both closing higher. The Dow Jones also reached new heights, gaining around 123 points. The Dow finished the day up 0.3%, closing at $44,860.31, while the S&amp;P 500 added nearly 0.6% to end at 6,021.63. The Nasdaq posted a comparable gain, reaching 19,175.58.
These are the top stocks that gained the attention of retail traders and investors throughout the day:
Amazon.com Inc.
Amazon&#8217;s stock rose by 3.18%, closing at $207.86. The stock hit an intraday high of $208 and a low of $201.79, with a 52-week range of $142.81 to $215.90. Amazon solidified its position as a <a href="https://www.benzinga.com/general/psychology/24/11/42196027/amazon-dominates-holiday-shopping-as-black-friday-spending-soars-goldman-sachs">leading choice</a> for holiday shoppers, as indicated by a Goldman Sachs survey. The survey revealed that 35% of U.S. consumers prefer Amazon for their holiday purchases, marking a significant year-over-year increase.
CrowdStrike Holdings Inc.
See Also: <a href="https://www.benzinga.com/markets/24/11/42131413/gop-megadonor-ken-griffin-is-open-to-the-possibility-of-selling-minority-stake-in-citadel?itm_source=parsely-api" target="_blank" rel="noopener">GOP Megadonor Ken Griffin Is &#8216;Open To The Possibility&#8217; Of Selling Minority Stake In Citadel</a>
CrowdStrike&#8217;s stock saw a slight increase of 0.17%, closing at $364.30. The day&#8217;s high was $367.35, and the low was $359.25, with a 52-week range of $200.81 to $398.30. The cybersecurity firm reported strong third-quarter results, surpassing revenue and earnings estimates. CrowdStrike highlighted its success in <a href="https://www.benzinga.com/news/earnings/24/11/42202105/crowdstrike-beats-q3-earnings-revenue-estimates-cybersecurity-company-highlights-incredible-success-retaining-customers-following-it-outage">retaining customers</a> following an IT outage, continuing its trend of exceeding analyst expectations.
Autodesk Inc.
Autodesk experienced a decline of 0.45%, closing at $317.96. The stock reached an intraday high of $320.99 and a low of $316.54, with a 52-week range of $195.32 to $326.55. Autodesk reported a strong <a href="https://www.benzinga.com/news/offerings/24/11/42202548/autodesk-stock-slides-on-q3-earnings-key-details-from-quarter">year-over-year increase</a> in revenue and billings for the third quarter. CEO Andrew Anagnost emphasized the company&#8217;s efforts in modernizing its market approach, which has already yielded significant benefits.
Dell Technologies Inc.
Dell&#8217;s stock fell by 1.68%, closing at $141.74. The stock&#8217;s intraday high was $144.43, and the low was $141.21, with a 52-week range of $67.51 to $179.70. Dell Technologies reported its <a href="https://www.benzinga.com/insights/earnings/24/11/42200975/dell-technologies-earnings-report-q3-overview">third-quarter earnings</a>, beating estimates with an EPS of $2.15 compared to the expected $2.05.
Tesla Inc.
Tesla&#8217;s stock slightly decreased by 0.11%, closing at $338.23. The stock&#8217;s high for the day was $346.96, with a low of $335.66, and a 52-week range of $138.8 to $361.92. Tesla CEO Elon Musk criticized California&#8217;s <a href="https://www.benzinga.com/tech/24/11/42183055/elon-musk-slams-californias-proposal-to-shut-tesla-evs-out-of-consumer-rebates-in-state-this-is-insane">proposal to exclude</a> Tesla&#8217;s EVs from consumer rebates, describing the decision as &#8220;insane.&#8221;
Image via Shutterstock
Prepare for the day&#8217;s trading <a href="Premarket Movers &amp; News">with top premarket movers and news</a> by Benzinga.
Read Next: 
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<li><a href="https://www.benzinga.com/markets/equities/24/11/42153356/is-warren-buffett-preparing-for-a-market-downturn-with-berkshire-hathaways-325b-cash-pile-analyst-says-internet-bubble-and-2008-crash-may-have-lessons?itm_source=parsely-api" target="_blank" rel="noopener">Is Warren Buffett Preparing For A Market Downturn With Berkshire Hathaway&#8217;s $325B Cash Pile? Analyst Says Internet Bubble And 2008 Crash May Have Lessons</a></li>
</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>

ADSK

AMZN

CRWD

DELL

Amazon, Crowdstrike, Autodesk, Dell, And Tesla: Why These 5 Stocks Are On Investors' Radars Today

Financial analyst Jim Cramer endorsed owning cryptocurrencies like Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) and Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>) as a safeguard against government overspending and an ever-increasing deficit.
What Happened: Cramer defended his pro-cryptocurrency stance, stating that the concerns over national debt are perpetual, CNBC <a href="https://www.cnbc.com/2024/11/26/jim-cramer-bitcoin-national-debt.html">reported </a>Tuesday. 
"I think Bitcoin, Ethereum, and maybe even some other cryptocurrencies deserve a spot in your portfolio, too," the host of CNBC&#8217;s popular Mad Money show said. &#8220;Maybe one day, if the deficit gets under control, I'll change my tune."
Despite the lack of evidence that cryptocurrency can protect against financial risks, Cramer believed it to be a &#8220;plausible&#8221; narrative. 
"I've liked crypto for a very long time, mostly because I know there's a huge constituency of investors who want to buy something that can protect them from our government's busted budget," Cramer said.
He added that while cryptocurrency is relatively new and lacks a proven track record, it could serve as a solid asset if the U.S. national debt continues to devalue the dollar due to excessive federal spending. 
Cramer expressed doubt&nbsp;that the government will be&nbsp;able to address the debt issue in the near future.
See Also:&nbsp;<a href="https://www.benzinga.com/markets/cryptocurrency/24/11/42198180/dogecoin-gets-its-first-exchange-traded-product-in-sweden">Dogecoin Gets Its First Exchange-Traded Product In Sweden</a>
Why It Matters: America&#8217;s federal debt has leaped past $35 trillion in 2024, casting doubt on its long-term financial stability. In 2024, the government has spent $6.75 trillion, leaving the nation with a<a href="https://www.benzinga.com/personal-finance/24/10/41564246/from-10-trillion-to-35-trillion-how-government-spending-has-spiraled-out-of-control"> $1.83 trillion deficit</a> in just one year.
Citing the federal debt crisis, the world&#8217;s largest asset manager, BlackRock, <a href="https://www.benzinga.com/markets/cryptocurrency/24/09/40950912/bitcoins-reserve-asset-appeal-increased-due-to-state-of-us-federal-deficit-and-debt-says-b">strategically advocated</a> for&nbsp;Bitcoin as a potential hedge against future events affecting the U.S. dollar.
Meanwhile, Cramer has been doubling down on his cryptocurrency advocacy. Last week, he <a href="https://www.benzinga.com/markets/cryptocurrency/24/11/42144871/jim-cramer-says-own-bitcoin-thats-a-winner-crypto-community-scoffs-pack-up-your-bags-sell-everything" target="_blank" rel="noreferrer noopener">revealed owning Bitcoin</a>&nbsp;and called it a &#8220;clear winner.&#8221;
However, since his bullish take, the apex cryptocurrency, which was approaching $100,000, has pulled back to $92,000.
For the uninitiated, the &#8220;Inverse Cramer&#8221; phenomenon hinges on the belief that doing the opposite of what Cramer advises could lead to profits. There has been no definitive proof, though, of counter-trading Cramer&#8217;s predictions being a profitable strategy.
Price Action: At the time of writing, Bitcoin was trading at $92,420.98, down 1.98% 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.." target="_blank" rel="noreferrer noopener">data from Benzinga Pro</a>.  Photo by s_bukley on Shutterstock
Read Next:&nbsp;
<ul>
<li><a href="https://www.benzinga.com/markets/cryptocurrency/24/11/42198909/trump-linked-crypto-platform-world-liberty-financial-appoints-justin-sun-as-advisor-after-30-million-investment">Trump-Linked Crypto Platform World Liberty Financial Appoints Justin Sun As Advisor After $30 Million Investment</a></li>
</ul>

Jim Cramer Says Bitcoin And Ethereum 'Deserve A Spot In Your Portfolio' As Hedge Against Rising US Debt: 'I've Liked Crypto For A Very Long Time'

Roth MKM analyst George Kelly maintained a Buy rating on Sow Good (SOWG – Research Report) today and set a price target of $17.00. The company's sh...

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Sow Good: Temporary Problems And The Entry Of A Giant Into The Market, Still A Buy

In a report released today, Eric Des Lauriers from Craig-Hallum reiterated a Buy rating on Sow Good (SOWG – Research Report). The company's shares ...

Craig-Hallum Keeps Their Buy Rating on Sow Good (SOWG)

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Sow Good announces variety of new freeze-dried candies

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Craig-Hallum Gives a Buy Rating to Sow Good (SOWG)

Sow Good GAAP EPS of -$0.33 misses by $0.18, revenue of $3.55M misses by $3.05M

Sow Good slides 53% after extreme heat impacts Q3 results

Sow Good Inc. (SOWG) Q3 2024 Earnings Call Transcript

Sow Good Inc. ( ($SOWG) ) has released its Q3 earnings. Here is a breakdown of the information Sow Good Inc. presented to its investors. Sow Good I...

Sow Good Inc. Reports 2024 Third Quarter Results

Roth MKM analyst George Kelly downgraded Sow Good (SOWG) to Neutral from Buy with a price target of $4, down from $17. Given product quality and ve...

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