Ethereum Down 6%, Trader Laments: ‘Just Sad… I Don’t See Any Reversal Coming Anytime Soon’

Published by
Benzinga

Pseudonymous cryptocurrency trader Altcoin Sherpa sees Ethereum (CRYPTO: ETH) as “the perfect mid trade” in this bull run, calling its chart “just sad.” What Happened: On Tuesday, the trader took to X (formerly Twitter) to highlight that he does not see a reversal for the second-biggest cryptocurrency any time soon: Another heavily-followed trader, ColdBloodedShiller, discussed the recent performance of Ethereum, noting that this is the first time in six weeks that ETH has convincingly lost the RSI 50 level, a significant marker in the crypto market. He further noted that such crosses in the R… Read More “Ethereum Down 6%, Trader Laments: ‘Just Sad… I Don’t See Any Reversal Coming Anytime Soon’”

‘Ansem’s Cat’ Meme Coin Named After Solana Influencer’s Cat Teleports To $100M Valuation In One Day

Published by
Benzinga

Ansem’s Cat, a new meme coin named after the cat of Solana (CRYPTO: SOL) influencer and trader Ansem, rocketed to a valuation of almost $100 million within the first 24 hours of its launch. What Happened: The 2024 meme coin saga added a new chapter, as Ansem, an influential figure in the Solana ecosystem teased and later revealed his cat’s name as Hobbes: Subsequent video proof of the cat only spurred on the rally of HOBBES (the meme coin), which shot to a preliminary all-time high market capitalization of $98 million on trading volume of over $170 million per DexScreener data. The cat reveal … Read More “‘Ansem’s Cat’ Meme Coin Named After Solana Influencer’s Cat Teleports To $100M Valuation In One Day”

Sony Music CEO Warns Of Potential TikTok Exodus: ‘We Should Share In Those Profits’

Published by
Benzinga

Sony Music CEORob Stringer provided insights into the music industry’s evolving landscape, notably discussing TikTok and artificial intelligence (AI). In a Financial Times interview, Stringer did not dismiss the possibility of Sony Group Corp.’s (NYSE:SONY) Sony Music pulling its content from TikTok, akin to Universal Music Group NV‘s (OTC:UMGNF) recent decision to remove music from the platform. He also highlighted past decisions like removing Sony’s music from ByteDance’s Resso in 2022 as precedent for protecting artists’ interests. He critiqued TikTok’s claim to being a promotional tool for… Read More “Sony Music CEO Warns Of Potential TikTok Exodus: ‘We Should Share In Those Profits’”

Tesla Deliveries Slip, Technical Indicators Add To Stock’s Downward Momentum

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Benzinga

Tesla, Inc. (NASDAQ:TSLA) encountered headwinds in its first-quarter deliveries, reporting a decline to 386,810 vehicles from 422,875 a year earlier. Production figures followed suit, dropping to 433,371 units from 440,808 in the same period. The market responded, with Tesla’s stock dropping as news of the delivery numbers circulated. Tesla March delivery & production numbers update: Tesla Stock Dives As Q1 Deliveries Disappoint — But EV Giant Reclaims Top Spot From Chinese Rival The company attributed the decline in volumes to several factors, including early production challenges with the up… Read More “Tesla Deliveries Slip, Technical Indicators Add To Stock’s Downward Momentum”

Up 168% in 1 Year, Is It Too Late to Buy Palantir Stock?

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Barchart

Artificial intelligence (AI) has rapidly evolved into a crucial component of modern technology, pivotal in propelling the tech sector’s gains. AI is now an indispensable element of information technology (IT). Its functionalities have been applied in diverse ways, improving IT processes, enhancing communication, and delivering better data analysis. One stock reaping the benefits of increased AI demand is Palantir Technologies Inc. (PLTR), which has surged 168% over the past 52 weeks. A recent catalyst that sparked the stock’s upward trajectory was the news that Palantir outperformed rivals to … Read More “Up 168% in 1 Year, Is It Too Late to Buy Palantir Stock?”

Bitcoin’s 5.6% Price Slide Takes It Below $66K… Except In This One Country

Published by
Benzinga

Just weeks before the Bitcoin halving, the World’s most popular cryptocurrency took a dip, with prices tumbling to a low of $65,480 on Tuesday, April 2, marking a decline of 5% in 24 hours and 8% over the past week. What Happened: This drop contributed to a significant shakeout in the crypto derivatives market, with $135.3 million in Bitcoin long positions being liquidated. With the Bitcoin halving event just 18 days away — a pivotal moment expected to cut block rewards from 6.25 to 3.125 Bitcoin — this latest price slide marks a concerning trend for the leading cryptocurrency. At the time of … Read More “Bitcoin’s 5.6% Price Slide Takes It Below $66K… Except In This One Country”

Nippon Steel’s Commitment To Steelworkers Union; Ivanhoe Electric’s Drilling Results; Iron Ore Prices Jump And More: Tuesday’s Top Mining Stories

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Benzinga

Top Stories for April 2, 2024: 1. Nippon Steel formalized its commitment to the United Steelworkers (USW) union to support its $14.1 billion bid to acquire United States Steel (NYSE:X). The commitment includes $1.4 billion in capital spending and a guarantee of no layoffs through at least 2026, outlined in a letter to Sen. Bob Casey (D-PA) and Sen. John Fetterman (D-PA), who have opposed the deal. Despite resistance from President Joe Biden and concerns about American ownership of U.S. Steel, Nippon Steel’s new president is determined to proceed with the acquisition, promising to revitalize th… Read More “Nippon Steel’s Commitment To Steelworkers Union; Ivanhoe Electric’s Drilling Results; Iron Ore Prices Jump And More: Tuesday’s Top Mining Stories”

Bitcoin Drops 5%: ‘Corrections Are Normal, Buy The Bitcoin Dip,’ Says Popular Analyst

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Benzinga

Renowned crypto analyst Michaël van de Poppe on Tuesday shared insights on the current state of the Bitcoin (CRYPTO: BTC) market, urging investors to see the recent dip as a buying opportunity and recognize corrections as a regular part of market cycles. What Happened: Van de Poppe took to X to offer his perspective noting the presence of both bullish and bearish narratives in all markets, highlighting the current bearish narrative surrounding the transfer of government-seized Bitcoin. He expressed satisfaction with this development, indicating a return of these coins to the market. Further, v… Read More “Bitcoin Drops 5%: ‘Corrections Are Normal, Buy The Bitcoin Dip,’ Says Popular Analyst”

Over 200 Artists, Including Billie Eilish And Katie Perry, Demand AI Respect For Music Rights

Published by
Benzinga

Over 200 prominent musicians, including Billie Eilish, Katy Perry, Smokey Robinson and others, united to issue an open letter to artificial intelligence (AI) developers, tech companies and digital platforms. According to Axios, the letter demanded an end to the utilization of AI in ways that infringe upon and devalue the rights of human artists, marking a significant collective stance by the music industry in the AI age. See Also: ‘The ELVIS Act Is Pivotal,’ Says Copyleaks CEO: Tennessee’s Pioneering Move In AI, Artist Rights This collective action underscored the growing concern among artists… Read More “Over 200 Artists, Including Billie Eilish And Katie Perry, Demand AI Respect For Music Rights”

2024 Hip-Hop Started Off With a Bang

Published by
XXL Mag

Cop Your XXL Merch Now Three months have passed in2024 and the year is already looking like it’s going to be one for the books as far as hip-hop is concerned. Here are some of the biggest moments in rap for the first quarter of the year so far. 21 Savage Earns No. 1 AlbumIn January, 21 Savage returned from a six-year solo album hiatus to release his third LP American Dream. The album debuted at No. 1 on the Billboard 200 chart after moving 133,00 equivalent album units in its first week. It was the first rap album to top the chart in 2024 but it wouldn’t be the last. It took seven months for a… Read More “2024 Hip-Hop Started Off With a Bang”