Bitcoin Is In A ‘Spot-Driven Rally,’ On-Chain Analysis Finds

Published by
Benzinga

Bitcoin‘s (CRYPTO: BTC) strong performance in the past year can be credited to a surge in spot trading volume and exchange activity. What Happened: A new report by on-chain analytics firm Glassnode discusses how daily spot trade volumes peaked at around $14.1 billion in mid-March. That was when the market reached an all-time high of $73,000. This magnitude of spot trade volume is comparable to the 2020-2021 bull market. However, volumes have cooled down recently to around $7 billion per day. Technical analysis shows that, similar to the 2021 bull run, strong demand in spot markets is driving p… Read More “Bitcoin Is In A ‘Spot-Driven Rally,’ On-Chain Analysis Finds”

Big Oil vs. Big Tech: Here’s the Winning Trade Right Now

Published by
Barchart

Shhh… Wall Street is hiding a secret from you. The secret? Big Oil is beating Big Tech in 2024. After finishing 2023 with a loss as the broader market soared, energy stocks have started 2024 with a sharp rally that has them beating the broader tech indexes this year. How Energy Investors Are WinningThe Energy Select Sector SPDR Fund (XLE) was up more than 13% in the first quarter of 2024, while the Nasdaq-100 Index ($IUXX) gained just 8.7%. XLE is now up 16.4% year-to-date, while the tech-heavy Nasdaq-100 is up just under 7%. Adding to that outperformance is the massive amounts of payouts that… Read More “Big Oil vs. Big Tech: Here’s the Winning Trade Right Now”

Big Oil vs. Big Tech: Here’s the Winning Trade Right Now

Published by
Barchart (UK)

Shhh… Wall Street is hiding a secret from you. The secret? Big Oil is beating Big Tech in 2024. After finishing 2023 with a loss as the broader market soared, energy stocks have started 2024 with a sharp rally that has them beating the broader tech indexes this year. How Energy Investors Are WinningThe Energy Select Sector SPDR Fund (XLE) was up more than 13% in the first quarter of 2024, while the Nasdaq-100 Index ($IUXX) gained just 8.7%. XLE is now up 16.4% year-to-date, while the tech-heavy Nasdaq-100 is up just under 7%. Adding to that outperformance is the massive amounts of payouts that… Read More “Big Oil vs. Big Tech: Here’s the Winning Trade Right Now”

Toyota Ventures Raises Another $300 Million to Expand Early-Stage Investments in Frontier Technology and Climate Solutions

Published by
Cerebral Overload

Toyota Ventures, the early-stage venture capital arm of Toyota, announced two $150 million funds to expand its investments in startups developing disruptive technologies and business models at the forefront of innovation. The addition of the new funds, Toyota Ventures Frontier Fund II (TVFF II) and Toyota Ventures Climate Fund II (TVCF II), brings the firm’s total assets under management to over $800 million. Since its founding in July 2017, Toyota Ventures has furthered its mission of helping Toyota discover what’s next by investing in more than 75 startups across areas ranging from artificia… Read More “Toyota Ventures Raises Another $300 Million to Expand Early-Stage Investments in Frontier Technology and Climate Solutions”

Check Out What Whales Are Doing With BIDU

Published by
Benzinga

Financial giants have made a conspicuous bearish move on Baidu. Our analysis of options history for Baidu (NASDAQ:BIDU) revealed 27 unusual trades. Delving into the details, we found 40% of traders were bullish, while 59% showed bearish tendencies. Out of all the trades we spotted, 7 were puts, with a value of $949,558, and 20 were calls, valued at $1,078,793. Predicted Price RangeAnalyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $55.0 to $145.0 for Baidu during the past quarter. Volume & Open Interest TrendsLooking at… Read More “Check Out What Whales Are Doing With BIDU”

Billionaire Mike Novogratz Sees ‘Great Setup’ For Bitcoin: ‘Call Me Crazy But…’

Published by
Benzinga

Billionaire Mike Novogratz, founder and CEO of Galaxy Digital, predicted Bitcoin (CRYPTO: BTC) and precious metals are poised for a surge, fueled by potential interest rate cuts. What Happened: In a tweet, Novogratz highlighted the lack of solid reasons for the Federal Reserve to reduce interest rates. Still, he anticipates the Federal Reserve to proceed with rate cuts. “Call me crazy but I don’t see one good reason for the Fed to cut rates. Yet think they will. It’s a great setup for BTC, gold, silver, and copper,” Novogratz stated. He also noted, “It’s not a great setup for the USA though. W… Read More “Billionaire Mike Novogratz Sees ‘Great Setup’ For Bitcoin: ‘Call Me Crazy But…’”

House Bill Aims To Enhance Transparency In AI Training Practices

Published by
Benzinga

The music industry’s push for transparency in the use of generative artificial intelligence (AI) models has received legislative support from at least one member of Congress. What Happened: California representative Adam Schiff introduced the Generative AI Copyright Disclosure Act on Tuesday, April 9, to the U.S. House of Representatives. According to Music Ally, Schiff, a Democrat, emphasized its dual objectives of promoting innovation while safeguarding the rights of creators. “It champions innovation while safeguarding the rights and contributions of creators, ensuring they are aware when t… Read More “House Bill Aims To Enhance Transparency In AI Training Practices”

WallStreetBets Reacts To Boeing Whistleblower: ‘Wish Me Luck’

Published by
Benzinga

Former Boeing Company (NYSE:BA) engineer-turned-whistleblower, Sam Salehpour, is out with fresh claims that the fuselage sections on 787 Dreamliners are improperly fastened and could break apart mid-flight, per The New York Times. Reddit’s WallStreetBets is taking notice. What Happened: Members of the r/WallStreetBets subreddit circled new whistleblower reports on Tuesday, focused on comments regarding safety and quality deficiencies at Boeing. The retail investing crowd reacted to Salehpour’s claims in their signature sarcastic style. “Jumping on the plane to get the parts to fit is a perfectRead More “WallStreetBets Reacts To Boeing Whistleblower: ‘Wish Me Luck’”

Biden, Japan PM boost defense ties with eye on China

Published by
AFP

Washington (AFP) – US President Joe Biden and Japanese Prime Minister Fumio Kishida unveiled their countries’ biggest ever upgrade in defense ties Wednesday during a White House state visit focused on countering a resurgent China. Biden rolled out the red carpet for Kishida with a lavish dinner, plus music by US singer Paul Simon, as he underscored Japan’s importance as a key ally against Beijing in the Asia-Pacific region.  The two leaders even agreed that a Japanese astronaut will be the first non-American to walk on the Moon, as they sought to take the alliance to new heights. “This is the … Read More “Biden, Japan PM boost defense ties with eye on China”

GOP Congressman In Ohio Says Retail Weed Sales To Begin ‘Before July 4th Weekend,’ Collective Joy Ensues

Published by
Benzinga

State regulators in Ohio are moving closer to approving the first round of recreational marijuana dispensaries within days of receiving applications, allowing businesses to open their doors in early to mid-June, said state Rep. Jamie Callender (R). “We could have retailers — recreational licensed retailers — in Ohio by mid-June,” Callender told News 5 Cleveland. “We should begin to see legal recreational sales of marijuana in Ohio certainly before July 4th weekend.” Regulators have until September to start issuing cannabis business licenses under the ballot initiative that was approved last No… Read More “GOP Congressman In Ohio Says Retail Weed Sales To Begin ‘Before July 4th Weekend,’ Collective Joy Ensues”