Crypto VC Paradigm Looks To Raise $750M For Investments

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Benzinga

The recent rebound in cryptocurrency prices ignited a fresh wave of fundraising activity among venture capitalists, with Paradigm, a leading crypto-focused investment firm, reportedly in discussions to secure a new fund valued between $750 million and $850 million. What Happened: This ambitious endeavor is spearheaded by Coinbase Global Inc. (NASDAQ:COIN) co-founder Fred Ehrsam and former Sequoia Capital partner Matt Huang, Bloomberg reported. Should Paradigm’s fundraising efforts culminate at the lower end of their target, the $750 million fund would mark a significant milestone as the larges… Read More “Crypto VC Paradigm Looks To Raise $750M For Investments”

‘Jeo Boden’ Meme Coin Clocks New All-Time High On 56% Daily Surge: ‘$1B Market Cap Is Absolute FUD,’ Exclaims Trader

Published by
Benzinga

“Jeo Boden,” a Solana-based meme coin parodying President Joe Biden, recorded a new all-time high Wednesday at a market capitalization of $379 million, surging more than 50% on the day. What Happened: The price surge prompted cryptocurrency trader @housetechnolove to draw parallels between the market performance of Truth Social and the Boden meme coin in a Tuesday X (formerly Twitter) post. The trader pointed out that despite Truth Social’s market cap of $6.8 billion and a revenue of $4 million in 2023, the stock trades at a revenue multiple of 1700x. He noted that the performance of Truth Soc… Read More “‘Jeo Boden’ Meme Coin Clocks New All-Time High On 56% Daily Surge: ‘$1B Market Cap Is Absolute FUD,’ Exclaims Trader”

Eli Lilly Struggles To Keep Pace With Mounjaro, Zepbound Demand: ‘Currently Unavailable’ On Amazon Pharmacy

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Benzinga

After a blistering performance based on the success of its weight-loss treatments Mounjaro and Zepbound, Eli Lilly & Company (NYSE:LLY) stock has been trading sideways for the last five weeks as the company struggles to keep pace with demand for the drugs. Eli Lilly shares have climbed 162% since the launch of Mounjaro in May 2022. Since mid-February, however, the shares have stalled, albeit around record levels. The sideways move could be attributed to a lack of availability of its two latest blockbusters. Sales of its new products, launched since 2022, that include both Mounjaro and its sist… Read More “Eli Lilly Struggles To Keep Pace With Mounjaro, Zepbound Demand: ‘Currently Unavailable’ On Amazon Pharmacy”

‘Shiba Inu Killer’ Dogwifhat Up 20% On The Week, Trader Predicts It ‘Blows Past $5’

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Benzinga

Dogwifhat (CRYPTO: WIF) saw its valuation rise to $4 billion after its price rallied 20% in the past week. At least one trader voiced an optimistic outlook for the token. What Happened: Lookonchain data highlights smart money that spent 10,000 SOL tokens, worth $1.91 million, to purchase 776,830 WIF tokens, worth $3.18 million, on March 20. The trader currently stands at an unrealized profit of $1.27 million. A crypto enthusiast and veteran, in his latest tweet, highlighted the strength of Dogwifhat relative to Bitcoin compared to the rest of the market. He added: “It’s very likely that $WIF b… Read More “‘Shiba Inu Killer’ Dogwifhat Up 20% On The Week, Trader Predicts It ‘Blows Past $5’”

Apple Tests Waters In Home Robotics After Shifting Focus From EV Project

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Benzinga

Apple Inc. (NASDAQ:AAPL) is delving into the realm of home robotics, a venture that signals the tech giant’s quest for the next breakthrough following the discontinuation of its electric vehicle project. According to Bloomberg, Apple’s engineers are at the helm of two cutting-edge projects: a mobile robot that accompanies users around their homes and a sophisticated table-top device with a robotic arm to reposition a display. This development underscores Apple’s ambition to deepen its penetration into consumers’ living spaces by harnessing advancements in artificial intelligence and robotics. … Read More “Apple Tests Waters In Home Robotics After Shifting Focus From EV Project”

NCAA Men’s Final Four Betting Preview: What To Know About The Teams That Made It Through The Madness Of March

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Benzinga

68 teams entered the 2024 NCAA Men’s Basketball Tournament, and only four remain. Here’s what you need to know ahead of this weekend’s Final Four games. And Then There Were 4: This year’s Final Four includes two top seeds, one No. 4 seed and a Cinderella story. The No.1 seeded Purdue Boilermakers will face off against No. 11 seed North Carolina State in the first matchup of the weekend, with tip off set for 6:09 p.m. ET on Saturday. The No. 1 seed UConn Huskies will take on No. 4 seed Alabama immediately after at 8:49 p.m. ET. Saturday’s Final Four games will settle who gets to play in the Nat… Read More “NCAA Men’s Final Four Betting Preview: What To Know About The Teams That Made It Through The Madness Of March”

‘Forget Bitcoin Price Targets’: Crypto Expert Says 30% Of Cycle Top Metrics Are ‘High Risk’

Published by
Benzinga

Capriole Investments founder Charles Edwards shared a comprehensive list of Bitcoin (CRYPTO: BTC) cycle top signals, highlighting the importance of monitoring these metrics over focusing on price targets. What Happened: Edwards took to X on Wednesday to discuss the key indicators that could signal a Bitcoin cycle top. “Forget price targets,” Edwards writes, stressing the need to remain “open-minded and nimble” and cautioning against getting “fixated on arbitrary dollar targets or the fear of missing out (FOMO) on a possible super cycle.” Edwards pointed out important metrics to look out for: S… Read More “‘Forget Bitcoin Price Targets’: Crypto Expert Says 30% Of Cycle Top Metrics Are ‘High Risk’”

Meme Coins Were The Most Profitable Crypto Narrative In Q1: Report

Published by
Benzinga

A new report explored the most profitable crypto narratives of the first quarter of 2024, with meme coins emerging as the undisputed champions. What Happened: The study by CoinGecko, published on April 3, delved into the performance of various crypto narratives by analyzing the top 10 tokens within each category. The report reveals a story of meme coin dominance. On average, the top 10 meme coins by market capitalization at the end of the first quarter witnessed a staggering 1312.6% price increase over the three-month period. This explosive growth dwarfs the returns of all other narratives. Re… Read More “Meme Coins Were The Most Profitable Crypto Narrative In Q1: Report”

Up 63% YTD, How Did This Utility Stock Become the 3rd Best Performer in the S&P 500?

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Barchart

The nuclear energy comeback is in full swing this year, and it’s all about tackling climate change while keeping the lights on. Back in 2020, nuclear was already the second-largest low-carbon power source, accounting for a whopping 26% of the total. Now, with the help of cutting-edge tech like artificial intelligence (AI), nuclear energy is poised to play an even more crucial role in the fight against climate change. All of which helps to explain how one unexpected contender has risen to the top of the S&P 500 Index ($SPX) this year. Right behind AI server heavyweight Super Micro Computer (SMC… Read More “Up 63% YTD, How Did This Utility Stock Become the 3rd Best Performer in the S&P 500?”

Up 66% YTD, Is Arm Holdings Stock Overvalued?

Published by
Barchart

Over the past few years, demand for artificial intelligence (AI) chips has surged massively, fueled by widespread AI adoption and robust growth projections for the AI market. Shares of Arm Holdings Plc ADR (ARM), a leading processor-architecture solutions provider company controlled by SoftBank (SFTBY), have been major beneficiaries of the heightened investor excitement surrounding AI. Arm Holding shares have gained more than 95% since their stock market debut on Sep. 14, 2023. At $51.00 per share, Arm Holding raised $4.87 billion, valuing the company at $54.5 billion—the largest IPO since lat… Read More “Up 66% YTD, Is Arm Holdings Stock Overvalued?”