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Anghami

Anghami Inc is a digital music entertainment technology platform in the Middle East and North Africa, with the catalog of songs. The company features licensed content from Arabic labels, independent artists, and distributors. It also features music from International labels such as Universal, Sony, and Warner and is continuously licensing new content.

Anghami Inc

Investors funneled cash into U.S. equities at the third-highest pace in history last week, with Bank of America strategist Michael Hartnett framing it as a &#8220;correction, not a bear market,&#8221; following four weeks of market turmoil.
What Happened: According to BofA Global Investment Strategy data highlighted by hedge fund consultant Seth Golden on Sunday, private client flows to equities reached approximately 2.5% of Assets Under Management in March, marking the &#8220;3rd largest weekly inflow to equities ever&#8221; from BofA clients.
&#8220;Markets stop panicking when policy makers start panicking,&#8221; Golden, chief market strategist at Finom Group, noted on X, encouraging followers to &#8220;follow the fund flows.&#8221;
The massive buying surge comes as U.S. stocks staged a sharp rebound on Friday when the S&amp;P 500 tracked by The SPDR S&amp;P 500 (NYSE: SPY) jumped 1.9%, eyeing its strongest daily rally since November. Despite this recovery, major indices remain on track for a fourth consecutive weekly decline – the longest <a href="https://in.benzinga.com/economics/macro-economic-events/25/03/44338243/wall-street-bounces-back-as-shutdown-risks-fade-stocks-eye-strongest-day-in-4-months-whats-driving-markets-friday">losing streak since May 2022</a>.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">BofA&#39;s Michael Hartnett &quot;3rd largest Buy-The-Dip reign in history last week! We say this is a correction, not a bear market in stocks. Markets stop panicking when policy makers start panicking&#8230;&quot; Follow the fund flows folks!<a href="https://twitter.com/search?q=%24SPX&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$SPX</a> <a href="https://twitter.com/search?q=%24ES_F&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$ES_F</a> <a href="https://twitter.com/search?q=%24SPY&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$SPY</a> <a href="https://twitter.com/search?q=%24VOO&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$VOO</a> <a href="https://twitter.com/search?q=%24QQQ&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$QQQ</a> <a href="https://twitter.com/search?q=%24NYA&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$NYA</a> <a href="https://twitter.com/search?q=%24NVDA&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$NVDA</a> <a href="https://twitter.com/search?q=%24AMZN&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$AMZN</a> <a href="https://twitter.com/search?q=%24IWM&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$IWM</a>… <a href="https://t.co/2JO61Nv2BH">pic.twitter.com/2JO61Nv2BH</a>
&mdash; Seth Golden (@SethCL) <a href="https://twitter.com/SethCL/status/1901025515022282952?ref_src=twsrc%5Etfw">March 15, 2025</a></blockquote>
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See Also: <a href="https://www.benzinga.com/markets/equities/25/03/44349240/googles-waymo-leads-robotaxi-race-with-2-millon-paid-rides-zoox-challenges-tesla-for-second-spot-as-unsupervised-autonomy-becomes-table-stakes-says-gary-black">Google&#8217;s Waymo Leads Robotaxi Race With 2 Millon Paid Rides, Amazon&#8217;s Zoox Challenges Tesla For Second Spot As Autonomy Becomes &#8216;Table Stakes,&#8217; Says Gary Black</a>
Why It Matters: Recent market volatility has been driven by recession concerns, with betting markets tracked by CFTC-regulated Kalshi showing the probability of a 2025 U.S. recession climbing to 37%. The Atlanta Federal Reserve&#8217;s GDPNow model currently forecasts a 2.4% contraction in the first quarter, reversing from a 2.3% expansion in <a href="https://www.benzinga.com/economics/macro-economic-events/25/03/44327908/2025-recession-bets-are-on-fire-yet-traders-could-still-pocket-over-50-gains-if-us-economy-just-holds">the fourth quarter of 2024</a>.
Political factors may <a href="https://www.benzinga.com/economics/macro-economic-events/25/03/44327908/2025-recession-bets-are-on-fire-yet-traders-could-still-pocket-over-50-gains-if-us-economy-just-holds">influence economic outcomes</a>, as Commerce Secretary Howard Lutnick dismissed the Atlanta Fed&#8217;s contraction forecast as &#8220;ridiculous.&#8221; Meanwhile, analysts like Chris Zaccarelli of Northlight Asset Management question whether the President Donald Trump administration&#8217;s economic policies will &#8220;lead to a recession or higher growth rates.&#8221;
If the economy avoids recession, Jeff Buchbinder at LPL Financial suggests upside potential &#8220;may be as much as double the downside risk&#8221; over the next 9-12 months.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/markets/equities/25/03/44295318/marjorie-taylor-greene-demands-fbi-doj-probe-into-organized-attacks-on-teslaquestions-possible-d">Marjorie Taylor Greene Demands FBI Probe Into &#8216;Wave Of Organized Attacks&#8217; On Tesla —Questions Possible Democrat-NGO Ties</a></li>
</ul>
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Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Equities

News

Markets

Third-Largest 'Buy-The-Dip' In History — BofA's Sees 'Correction, Not A Bear Market' Amid Wall Street Rebound

Rocket Lab USA, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RKLB#NASDAQ">RKLB</a>) sent a Japanese radar satellite into orbit on Saturday and is now prepping for another mission just three days later.
What Happened: On Saturday, <a href="https://www.benzinga.com/quote/RKLB">Rocket Lab</a> completed its 61st mission, "The Lightning God Reigns," from Launch Complex 1 in Māhia, New Zealand.
The mission deployed the QPS-SAR-9 satellite into a 575-kilometer circular Earth orbit for the Japanese customer Institute for Q-shu Pioneers of Space, Inc. (IQPS).
It marked the second mission Rocket Lab has executed for IQPS following a launch in December 2023.
See Also:&nbsp;<a href="https://in.benzinga.com/25/02/43456592/tesla-researcher-expects-cybertruck-deliveries-to-fall-in-2025-order-backlog-is-gone" target="_blank" rel="noreferrer noopener">Tesla Cybertruck Headed For A Sales Crash In 2025? Analyst Sounds The Alarm, Predicts Elon Musk-led EV Giant Will Move Less Than A Third Of Street Estimates</a>
The satellite is part of IQPS's synthetic aperture radar (SAR) constellation, designed to deliver high-resolution, all-weather Earth imagery.
According to Rocket Lab, the Lightning God Reigns mission is the first of eight upcoming launches for IQPS—one of the company's largest Electron launch agreements to date—with five more expected in 2025 and two more in 2026.
Just three days later, on Tuesday, it plans to launch Mission 62, "High Five," which will deploy five satellites for French Internet of Things company Kinéis. The launch is the fifth and final in a multi-mission deal to complete the Kinéis satellite constellation.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">We&#39;ve rolled out and we&#39;re ready for launch tomorrow &#8211; our second mission from LC-1 in three days &#x1f680;&#x1f680; The &quot;High Five&quot; mission for <a href="https://twitter.com/KineisIoT?ref_src=twsrc%5Etfw">@KineisIoT</a> is the final in a 5-launch deal to complete their constellation &#8211; though with an instantaneous launch requirement, a weather system… <a href="https://t.co/wjotvWCKaD">pic.twitter.com/wjotvWCKaD</a>
&mdash; Rocket Lab (@RocketLab) <a href="https://twitter.com/RocketLab/status/1901404741672079788?ref_src=twsrc%5Etfw">March 16, 2025</a></blockquote>
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</figure>
Why It's Important: Last month, Rocket Lab announced its <a href="https://in.benzinga.com/general/space/25/02/44027404/rocket-lab-q4-earnings-revenue-beat-eps-beat-new-satellite-product-multi-launch-agreement-shares-slide-on-soft-guidance">fourth-quarter financial</a> results, reporting $132.39 million in revenue and surpassing the $130.58 million consensus estimate. The company posted a loss of 10 cents per share, matching analyst expectations, <a href="http://pro.benzinga.com/">according to Benzinga Pro</a>.
RKLB Price Action: Rocket Lab shares rose 7.06% on Friday, closing at $18.81. However, in after-hours trading, the stock was down 0.053% at the time of writing.
Check out more of Benzinga&#8217;s Future Of Mobility coverage by <a href="https://www.benzinga.com/topic/mobility" target="_blank" rel="noreferrer noopener">following this link.</a>
Photo via Shutterstock
Read Next:
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<li><a href="https://www.benzinga.com/25/02/43455022/fords-mustang-mach-e-was-its-saving-grace-in-january-as-sales-of-its-other-evs-dipped" target="_blank" rel="noreferrer noopener">Mustang Mach-E Accelerates Ford&#8217;s EV Sales In January Even As F-150 Lightning Slows Down</a></li>
</ul>
Disclaimer:&nbsp;This content was partially produced with the help of&nbsp;<a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a>&nbsp;and was reviewed and published by Benzinga editors.

Tech

RKLB

Rocket Lab Launches 'Lightning God Reigns' Mission, Sets Sights On 'High Five' Launch Just Three Days Later

Alphabet Inc.&#8216;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) Waymo has established a commanding lead in the autonomous vehicle market with over 2 million paid robotaxi rides across multiple U.S. cities, Gary Black, Managing Partner at The Future Fund LLC notes.
What Happened: &#8220;Many investors argue Google&#8217;s Waymo is way ahead in the robotaxi race,&#8221; Black wrote Sunday on X, noting Waymo&#8217;s operations in San Francisco, Los Angeles, and Phoenix.
Meanwhile, Amazon.com Inc.&#8216;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>) Zoox is <a href="https://www.benzinga.com/media/25/01/43091062/amazons-zoox-eyes-joining-leagues-of-waymo-in-2025-to-offer-rides-to-public-quite-soon">preparing to launch paid services</a> in San Francisco and Las Vegas, positioning itself as a contender for second place against Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>), which &#8220;still hasn&#8217;t been approved for paid ride-hailing on public roadways without humans behind the wheel,&#8221; Black stated.
In China, Baidu Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BIDU#NASDAQ">BIDU</a>) has already completed 9 million paid robotaxi rides across four major Chinese cities and is expanding to dozens more, including Hong Kong.
Black emphasized that &#8220;unsupervised autonomy is table stakes for all automotive manufacturers&#8221; – a requirement to remain competitive, similar to smartphone features following Apple Inc.&#8216;s iPhone launch.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Many investors argue <a href="https://twitter.com/search?q=%24GOOG&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$GOOG</a> ‘s Waymo is way ahead in the robotaxi race, having already deployed over 2M paid robotaxi rides in San Francisco, Los Angeles, Phoenix and elsewhere. <a href="https://twitter.com/search?q=%24AMZN&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$AMZN</a> ‘s Zoox is about to launch paid robotaxi service in San Francisco and Las Vegas, and is… <a href="https://t.co/IboDZfNirC">pic.twitter.com/IboDZfNirC</a>
&mdash; Gary Black (@garyblack00) <a href="https://twitter.com/garyblack00/status/1901300612920177020?ref_src=twsrc%5Etfw">March 16, 2025</a></blockquote>
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See Also: <a href="https://www.benzinga.com/news/25/03/44347512/wait-tariffs-are-just-a-tax-on-us-employee-shocked-as-small-business-owner-cuts-his-hours-because-of-the-tariffs">&#8216;Wait, Tariffs Are Just A Tax On Us?&#8217;—Employee Shocked As Small Business Owner Cuts His Hours &#8216;Because Of The Tariffs&#8217;</a>
Why It Matters: When asked about Tesla&#8217;s potential advantage with 7 million vehicles worldwide, Black noted that Tesla has not demonstrated Level 4 or 5 autonomy, which hinders approval for unsupervised deployment in most jurisdictions.
Black acknowledged Tesla&#8217;s superior scaling capabilities but expressed concern about &#8220;a lack of marketing skills&#8221; – a sentiment echoed in his praise of Apple&#8217;s marketing as crucial to its success.
The competition intensifies as Waymo expands in Santa Monica, with investment manager Ross Gerber recently describing Waymo&#8217;s performance as <a href="https://in.benzinga.com/25/03/44068902/tesla-fsd-like-a-12-year-old-driving-compared-to-waymo-says-ross-gerber-warning-uber-has-got-to-be-hurting">significantly superior to Tesla&#8217;s Full Self-Driving technology</a>, which he compared to &#8220;a 12-year-old driving.&#8221;
Industry analysts remain cautious, with Goldman Sachs projecting limited initial robotaxi revenue for Tesla of <a href="https://www.benzinga.com/analyst-ratings/analyst-color/25/01/43036902/tesla-stock-valuation-analyst-flags-long-term-growth-opportunities-robotaxis-fsd">approximately $115 million by 2027</a>.
Read Next: 
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<li><a href="https://www.benzinga.com/25/03/44348859/trump-says-he-was-little-bit-sarcastic-when-he-said-he-would-end-the-russia-ukraine-war-in-a-day-what-i-really-mean-is">Trump Says He Was &#8216;Little Bit Sarcastic&#8217; When He Said He Would End The Russia-Ukraine War In A Day: &#8216;What I Really Mean Is&#8230;&#8217;</a></li>
</ul>
Image Via Shutterstock
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

AMZN

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GOOGL

TSLA

Google's Waymo Leads Robotaxi Race With 2 Millon Paid Rides, Amazon's Zoox Challenges Tesla For Second Spot As Autonomy Becomes 'Table Stakes,' Says Gary Black

Leading cryptocurrencies dipped on Sunday as investors braced for the Federal Reserve's decision on interest rates.
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<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>-1.60%</td>
<td>$82,939.09</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>-2.00%</td>
<td>$1,899.03</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>-3.62%</td>
<td>$0.1701</td>
</tr>
</tbody>
</table>
</figure>
What Happened: Bitcoin witnessed a choppy trading day, oscillating between $85,000 and $82,000. The apex cryptocurrency recovered some losses last week, rising 2.21%.
The asset shed over 11% of its value in the first quarter, a stark contrast to the 51% returns it has provided on average.
Ethereum wiggled in the $1,860-$1,930 range throughout the day and was down over 7% in the last week. Its quarterly losses have widened to 42%.
Over $256 million was liquidated from the market in the last 24 hours, with long liquidations accounting for $177 million.&nbsp;
Bitcoin's Open Interest fell 2.76% over the last 24 hours due to long liquidations. That said, the percentage of traders positioned long on the apex digital asset surged to 52%, according to the Long/Short Ratio, suggesting that traders bought the dip.
The market remained in the "Fear" zone, according to the Crypto Fear and Greed Index.
Top Gainers (24-Hours)
<figure class="wp-block-table"> 
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<tbody>
<tr>
<td>Cryptocurrency</td>
<td>Gains +/-</td>
<td>Price (Recorded at 8:30 p.m. ET)</td>
</tr>
<tr>
<td>BinaryX (BNX)</td>
<td>+26.13%</td>
<td>$1.41</td>
</tr>
<tr>
<td>Helium (HNT)</td>
<td>+3.38%</td>
<td>$3.20</td>
</tr>
<tr>
<td>OKB (OKB)</td>
<td>+3.32%</td>
<td>$48.08</td>
</tr>
</tbody>
</table>
</figure>
The global cryptocurrency market capitalization stood at $2.71 trillion, marking a&nbsp; 2% decrease over the previous day.
Stock futures edged lower Sunday evening. The Dow Jones Industrial Average Futures fell 156 points, or 0.37%, as of 8:45 p.m. EDT.&nbsp; Futures tied to the S&amp;P 500 slid 0.45%, while Nasdaq 100 Futures dropped 0.51%
The market was coming off a losing week, with the Dow Jones Industrial Average and the S&amp;P 500 falling 2.38% and 0.75%, respectively.
The Fed's policy meeting will be the focus of this week. According to the CME FedWatch tool, the central bank is widely <a href="https://www.cmegroup.com/markets/interest-rates/cme-fedwatch-tool.html">expected</a> to keep interest rates unchanged.
See More: <a href="https://www.benzinga.com/money/best-crypto-scanners">Best Cryptocurrency Scanners</a>
Analyst Notes: Widely followed cryptocurrency analyst Ali Martinez described $81,400 as a "big" test for Bitcoin, and if it remains above that level, the apex cryptocurrency&#8217;s upward trend will continue.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true"><a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw">#Bitcoin</a> <a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$BTC</a> big test: $81,400 support! Staying above it keeps the uptrend alive. <a href="https://t.co/bvQgJPHLKE">pic.twitter.com/bvQgJPHLKE</a>
&mdash; Ali (@ali_charts) <a href="https://twitter.com/ali_charts/status/1901227444318949402?ref_src=twsrc%5Etfw">March 16, 2025</a></blockquote>
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Martinez also noted an ascending triangle pattern for Bitcoin, predicting that a "sustained close" outside the triangle [∼ 84,500] could trigger an 8% upside.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true"><a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw">#Bitcoin</a> <a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$BTC</a> is ready to break out! A sustained close outside of this triangle will trigger an 8% price move. <a href="https://t.co/yxwoYw7MHH">pic.twitter.com/yxwoYw7MHH</a>
&mdash; Ali (@ali_charts) <a href="https://twitter.com/ali_charts/status/1901328496355389600?ref_src=twsrc%5Etfw">March 16, 2025</a></blockquote>
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</figure>
Another popular cryptocurrency market commentator, Michaël van de Poppe, predicted a &#8220;strong and green&#8221; week if there's no altcoin dump on Monday.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Surprisingly, not a massive dump on Sunday. Big macro-economic week coming up for the markets. I assume that, if we don&#39;t have another dump on Monday for <a href="https://twitter.com/hashtag/Altcoins?src=hash&amp;ref_src=twsrc%5Etfw">#Altcoins</a>, that, finally, the next week is going to be strong &amp; green.
&mdash; Michaël van de Poppe (@CryptoMichNL) <a href="https://twitter.com/CryptoMichNL/status/1901350504497868803?ref_src=twsrc%5Etfw">March 16, 2025</a></blockquote>
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</figure>
Image via Shutterstock
Read Next:    
<ul>
<li><a href="https://www.benzinga.com/markets/cryptocurrency/25/03/44348215/bitcoin-whale-takes-332-million-short-position-heres-where-it-gets-liquidated">Bitcoin Whale Takes $332 Million Short Position, Here&#8217;s Where It Gets Liquidated</a></li>
</ul>

Coverage of Bitcoin, Etherum, Ripple and all the latest digital currencies.

Cryptocurrency

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Trading Ideas

$BTC

$DOGE

$ETH

Bitcoin, Ethereum, Dogecoin Slide Ahead Of Fed's Interest Rate Decision: Next Week To Be 'Strong & Green' If Altcoins Don't Get Dumped On Monday, Says Trader

On Sunday, President Donald Trump addressed his earlier claim of resolving the Ukraine-Russia conflict within 24 hours, clarifying that his statement was &#8220;a little bit sarcastic.&#8221; 
What Happened: During his appearance on &#8220;Full Measure,&#8221; Trump explained that his intention was to express a strong desire to end the conflict and conveyed confidence in his ability to do so. 
&#8220;What I really mean is I'd like to get it settled, and I think I'll be successful,&#8221; said the president, <a href="https://thehill.com/homenews/administration/5197961-trump-says-he-was-being-a-little-bit-sarcastic-when-he-promised-to-end-ukraine-war-in-24-hours/">reported</a> The Hill. Throughout his 2024 presidential campaign, he has consistently promised to quickly resolve the war if re-elected.
In a previous conversation with&nbsp;Fox News&nbsp;host&nbsp;Sean Hannity, Trump suggested a straightforward negotiation involving&nbsp;Ukrainian President Volodymyr Zelensky&nbsp;and&nbsp;Russian President Vladimir Putin. However, he refrained from revealing specifics, emphasizing the importance of preserving negotiation strategies.
Since assuming office nearly two months ago, Trump has prioritized ending the ongoing war. In the Sunday interview, he mentioned ongoing discussions with Putin, describing the situation as complex but progressing reasonably well.
Trump revealed that Ukrainians have agreed to a ceasefire framework and expressed optimism about Russia&#8217;s potential agreement. He anticipated further developments by Monday, emphasizing the urgency of halting the conflict to prevent further devastation in Ukraine.
See Also: <a href="https://www.benzinga.com/news/25/03/44348262/trump-musk-and-democrats-get-low-marks-on-economy-in-nbc-poll">Trump, Musk, and Democrats Get Low Marks on Economy in NBC Poll</a>
Why It Matters: The probability of Donald Trump brokering a ceasefire in Ukraine within his first 90 days back in office is reportedly increasing, as indicated by data from Polygon (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/matic/usd">MATIC</a>)-based <a href="https://in.benzinga.com/markets/cryptocurrency/25/03/44264824/can-donald-trump-end-the-war-in-ukraine-polymarket-traders-say-the-odds-are-rising-but-one-question-is-key">Polymarket</a>, a leading prediction platform. Traders currently assign a 36% chance to this possibility.
Despite Trump&#8217;s optimism, Zelensky remains skeptical, citing <a href="https://in.benzinga.com/news/global/25/03/44333033/trump-boasts-very-good-chance-of-russia-ukraine-ceasefire-but-zelenskyy-says-putin-broke-deals-25-times-before">past instances</a> where Putin allegedly violated agreements. This skepticism follows a tense <a href="https://in.benzinga.com/25/03/44064917/trump-says-ukraines-zelensky-is-not-ready-for-peace-after-oval-office-spat-he-disrespected-the-united-states-of-america">meeting</a> with Trump at the White House, where the incumbent U.S. president expressed dissatisfaction with his Ukrainian counterpart&#8217;s stance on peace negotiations.
Image via Shutterstock
Did You Know?
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<li>Congress Is Making Huge Investments. <a href="https://www.benzinga.com/gov-trades">Get Tips On What They Bought And Sold Ahead Of The 2024 Election With Our Easy-to-Use Tool</a></li>
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This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/author/shivdeep-dhaliwal" target="_blank" rel="noreferrer noopener">Shivdeep Dhaliwal</a>

Politics

General

$MATIC

Trump Says He Was 'Little Bit Sarcastic' When He Said He Would End The Russia-Ukraine War In A Day: 'What I Really Mean Is...'

When it comes to money, it's easy to fall into the comparison trap—especially in the age of social media flexing and financial "glow-ups." But let's be real: comparing your net worth to someone twice your age isn't exactly useful. The real question is, how do you stack up against people your age?
<h2 class="wp-block-heading">Top 10% Net Worth</h2>
Net worth is a key measure of financial standing, calculated by subtracting what you owe (liabilities) from what you own (assets). Assets include cash, investments, real estate, and valuable possessions, while liabilities cover debts like mortgages, student loans, and credit card balances. The higher your assets and the lower your debt, the stronger your net worth.
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According to <a href="https://www.federalreserve.gov/publications/files/2022-report-economic-well-being-us-households-202305.pdf">Federal Reserve data</a>, here's what it takes to land in the top 10% of net worth in the U.S. at different age groups:
• Ages 18–29: $281,550
• Ages 30–39: $711,400
• Ages 40–49: $1,313,700
• Ages 50–59: $2,629,060
• Ages 60–69: $2,808,600
• Ages 70+: $2,547,700
Across all age groups, reaching the top 10% of net worth in the U.S. requires at least $1.94 million.
These numbers might seem discouraging or motivating, depending on where you stand. But <a href="https://www.benzinga.com/money/are-you-rich">hitting the top 10%</a> isn't about luck; it's about consistently making smart financial moves. Whether you're just starting out or looking to level up, here are some key strategies to build your net worth over time.
Trending: The secret weapon in billionaire investor portfolios that you almost certainly don't own yet. <a href="https://www.benzinga.com/money/masterworks">See which asset class has outpaced the S&amp;P 500 (1995-2024) – and with near-zero correlation.</a>
<h2 class="wp-block-heading">How to Build Your Net Worth No Matter Your Age</h2>
1. Knock Out High-Interest Debt
Debt is the biggest drag on net worth. Prioritize high-interest balances like credit cards first, then move on to lower-interest loans. If your student loans have a low rate, it may make sense to invest instead of rushing to pay them off.
2. Max Out Retirement Contributions
If your job offers a 401(k) match, take it—it's free money. Even beyond that, contributing to tax-advantaged accounts like IRAs or HSAs can boost your wealth without giving extra cash to the IRS.
3. Cut Back on Spending That Doesn't Add Value
You don't have to give up your favorite coffee or stop traveling, but tracking your expenses will show where your money is disappearing. Small tweaks—like canceling unused subscriptions or negotiating bills—can free up cash for saving and investing.
4. Invest, Even If It's Small at First
Leaving all your money in a savings account won't grow your wealth. The earlier you start investing in stocks, index funds, or real estate, the more time your money has to compound.
See Also: Have $200K saved?<a href="https://www.benzinga.com/money/have-200k-saved-heres-how-to-turn-it-into-lasting-wealth"> Here's how to turn it into lasting wealth</a>
5. Buy a Car You'll Drive for a Decade
Cars are one of the fastest depreciating assets. Instead of upgrading every few years, buy a reliable vehicle and drive it as long as possible. That alone can save you thousands you can put toward building wealth.
Financial expert Suze Orman advises car buyers to spend the least amount possible on a vehicle that meets their needs, finance it for a short period, and maintain it for as long as possible. She practices what she preaches, having <a href="https://www.benzinga.com/personal-finance/24/09/40963028/suze-orman-says-keep-your-car-for-15-years-or-longer-instead-of-leasing-a-new-one-every-3-years-">owned her current car for over 12 years</a>.
6. Get Professional Financial Advice
A financial advisor isn't just for the ultra-wealthy. Whether it's tax strategies, investment plans, or retirement savings, professional guidance can help you maximize your money and avoid costly mistakes.
Building wealth isn't about hitting a magic number—it's about <a href="https://www.benzinga.com/money/smartasset">financial growth and stability</a>. The goal isn't to compete with strangers online but to improve your own financial situation year after year. No matter where you're starting from, the steps above can help push you closer to the top 10%.
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Personal Finance

How Does Your Wealth Stack Up Against Your Peers? Here's the Net Worth You'll Need To Be Among The Richest 10% At Each Age

In a new poll, President Donald Trump, Elon Musk, and the Democratic Party all received poor marks on the economy.
What Happened: A poll released by NBC News on Sunday revealed that 54% of voters disapprove of Trump&#8217;s management of the economy, while 44% approve.
The <a href="https://www.nbcnews.com/politics/trump-administration/poll-trump-faces-early-challenges-economy-united-gop-backs-big-change-rcna195860">poll</a> also showed similar disapproval rates for Trump&#8217;s handling of inflation and cost of living, with 55% disapproving and 42% approving. This is the first time an NBC poll has indicated a majority of voters opposing Trump&#8217;s economic management.
Despite the negative economic ratings, Trump&#8217;s overall approval rating remains high, with 47% of respondents approving of his presidency, while 51% disapprove.
Musk&#8217;s personal approval rating is even lower, with only 39% of voters approving and 51% disapproving. However, 46% of respondents believe in the Department of Government Efficiency (DOGE), which Musk oversees, while 40% think it&#8217;s a bad idea.
Also Read: <a href="https://www.benzinga.com/news/25/02/43769836/trump-gains-trust-of-majority-on-americans-on-immigration-and-economy">Trump Gains Trust Of Majority Of Americans On Immigration, Economy</a>
The Democratic Party received the lowest ratings in the poll, with only 27% of voters having&nbsp;positive views of the party,&nbsp;compared to 55% with negative views. 
The poll was conducted before recent actions in Congress, where some Senate Democrats sided with Republicans on a&nbsp;resolution to fund the government.
The poll also showed voters are divided&nbsp;on who they want to&nbsp;control Congress after the midterms, with 48% favoring Democrats and 47% favoring Republicans.
Why It Matters: The poll results reflect the public&#8217;s current dissatisfaction with key figures and institutions. The negative ratings for Trump&#8217;s economic management could potentially impact his future political aspirations. 
Musk&#8217;s low approval rating, despite the support for the DOGE, indicates a disconnect between public opinion of him as an individual and his professional endeavors. The Democratic Party&#8217;s low ratings suggest a lack of public confidence, which could influence the outcome of the upcoming midterms. 
These ratings provide a snapshot of current public sentiment, which may have significant implications for future political and economic developments.
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Trump, Musk, and Democrats Get Low Marks on Economy in NBC Poll

The Dogecoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/doge/usd">DOGE</a>) network has seen a massive 400% surge in activity. The number of active addresses is now approaching 395,000, indicating a significant increase in interactions with DOGE.
What Happened: According to reports, a sudden and substantial increase in Dogecoin network activity has been observed. This includes a wide range of interactions, such as transactions and trades, and often suggests changes in market sentiment, increased speculation, or heightened network engagement.
Historically, such surges in active addresses have been linked to periods of price volatility. In some cases, these spikes have been a precursor to price surges driven by growing demand and liquidity. However, they could also be a sign of a temporary speculative move that may quickly fade away.
Despite its origins as a meme coin, Dogecoin has consistently shown its potential for genuine engagement. The recent surge in activity may indicate something more than just sentiment, with the increase in transactions and involvement possibly hinting at future developments.
Also Read: <a href="https://www.benzinga.com/markets/cryptocurrency/24/12/42380572/dogecoins-whopping-60-9b-movement-in-24-hours-a-bullish-sign">Dogecoin&#8217;s Whopping 60.9B Movement In 24 Hours: A Bullish Sign?</a>
At the time of the report, Dogecoin was trading at $0.16784, a 17.8% increase&nbsp;from the weekly lows. Whether&nbsp;this indicates an upcoming surge or a temporary shake-up in the on-chain realm, it&#8217;s clear that the market is closely watching Dogecoin.
Why It Matters: The surge in Dogecoin&#8217;s network activity is noteworthy because it suggests a heightened level of interest and engagement with the cryptocurrency. 
This could potentially lead to increased liquidity and demand, which are key factors in driving price surges. However, it&#8217;s also important to note that such spikes can sometimes be indicative of temporary speculative moves. 
Therefore, while the market is paying attention to Dogecoin, it remains to be seen whether this surge in activity will translate into a sustained increase in value.
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Unprecedented 400% Surge in Dogecoin Network Activity: A Bullish Move?

In a high-stakes gamble, a Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) whale has initiated a short position of $332 million, facing potential liquidation if Bitcoin&#8217;s price surges to $85,000.
What Happened: A Bitcoin whale has opened a $332 million short position at an entry price of $84,040, as revealed by data from analytics platform Lookonchain. The position was leveraged 40 times, indicating that the trader borrowed 40 times the initial capital.
At the time of writing, Bitcoin was trading at $83,945, a 2.3% decrease over the past week, as per data from CoinGecko. If Bitcoin&#8217;s price hits the $85,000 mark, the trader&#8217;s massive position could face liquidation.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">BREAKING &#x1f6a8; A WHALE HAS TAKEN TAKEN A $332M SHORT ON <a href="https://twitter.com/hashtag/BITCOIN?src=hash&amp;ref_src=twsrc%5Etfw">#BITCOIN</a> Their targets are $69,414 &amp; $58,664 <a href="https://t.co/DG77DLoC4H">pic.twitter.com/DG77DLoC4H</a>
&mdash; That Martini Guy ₿ (@MartiniGuyYT) <a href="https://twitter.com/MartiniGuyYT/status/1901223073157681355?ref_src=twsrc%5Etfw">March 16, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
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The trader, who previously netted a whopping $16.39 million within a month on the decentralized perpetual trading platform Hyperliquid, now finds himself in a precarious situation. 
Also Read: <a href="https://www.benzinga.com/markets/cryptocurrency/25/03/44065728/crypto-analyst-predicts-195-bitcoin-rally-says-bull-market-not-over-yet">Crypto Analyst Predicts 195% Bitcoin Rally, Says Bull Market Not Over Yet</a>
Some observers anticipate an inevitable liquidation due to the high-risk nature of the 40x leverage, which could obliterate the entire position with a mere 2.5% price move.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">This guy shorted <a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$BTC</a> with 40x leverage again, with a position of 3,940.8 <a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$BTC</a>($332M) and a loss of over $1M! Entry price: $84,040.8 Liquidation price: $85,300<a href="https://t.co/3fXA7ctoOh">https://t.co/3fXA7ctoOh</a> <a href="https://t.co/LmB6QhDlIc">pic.twitter.com/LmB6QhDlIc</a>
&mdash; Lookonchain (@lookonchain) <a href="https://twitter.com/lookonchain/status/1900911677719409021?ref_src=twsrc%5Etfw">March 15, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
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Meanwhile, CoinGlass data reveals that crypto worth $94 million has been liquidated in the past 24 hours, with shorts making up the majority ($49 million). 
The largest single liquidation happened on Binance ($582,130 with the BTC/USDT pair), accounting for 38.79% of total liquidations.
Why It Matters: This massive short position underscores the high-risk, high-reward nature of cryptocurrency trading. The trader&#8217;s previous success on the Hyperliquid platform demonstrates the potential for significant gains, but the current risk of liquidation highlights the potential for substantial losses. 
This event serves as a stark reminder of the volatility inherent in the cryptocurrency market, and the potential consequences for traders who engage in high-leverage positions.
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Bitcoin Whale Takes $332 Million Short Position, Here's Where It Gets Liquidated

The close relationship between Elon Musk, the CEO of Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>), and President Donald Trump will be short-lived, according to <a href="https://www.benzinga.com/news/25/02/43423724/scaramucci-warns-against-trumps-tariffs-urges-lawmakers-to-take-stand-crazy-nonsense">Anthony Scaramucci, a former Trump adviser</a>.
What Happened: Scaramucci, who served a brief stint as Trump&#8217;s communications director, anticipates that Musk&#8217;s alliance with Trump may soon &#8220;burn&#8217;.&#8221; Scaramucci stated in an interview, &#8220;Everyone flames out with Trump.&#8221;
Scaramucci, a vocal critic of Trump since his dismissal from the White House after only 11 days in 2017, cautioned others against working for Trump, warning, &#8220;He&#8217;s gonna burn you.&#8221;
"There's a lot of people in my life, I say, ‘Don't go work for Trump. He's gonna burn you,'&#8221; Scaramucci <a href="https://qz.com/trump-elon-musk-doge-anthony-scaramucci-1851768418">told</a> Quartz.
He also added that he didn't believe it when other people gave him the same advice. 
"I would've said to those people: ‘No, no, no. He burns other people. He's not gonna burn me.' Then he burned me," he said. 
Musk has been in close collaboration with Trump since the election, even unofficially heading the Department of Government Efficiency. His impact on federal policy has been noticeable, with Trump acknowledging Musk&#8217;s contributions in his first address to Congress.
"I believe past performance is an indication of the future. And so there's nobody in Donald Trump's orbit that likes him," said Scaramucci. Scaramucci also called Trump an "angry guy" and "miserable" person.
Also Read: <a href="https://www.benzinga.com/news/24/12/42714291/anthony-scaramucci-tells-musk-to-stick-to-business-heres-musks-musical-response">Anthony Scaramucci Tells Musk To &#8216;Stick To Business&#8217; — Here&#8217;s Musk&#8217;s Musical Response</a>
However, Scaramucci predicts that Musk&#8217;s influence may be fleeting. &#8220;I&#8217;m&nbsp;giving him a six to&nbsp;eight month duration,&#8221; he stated. Despite this, Scaramucci doesn&#8217;t foresee Musk being entirely sidelined due to his wealth, which he believes Trump values.
He'll be jettisoned from the Trump world. He's too rich and Donald Trump respects that kind of wealth," Scaramucci said. 
Musk has been a substantial benefactor to the Republican party, contributing&nbsp;at least $288 million towards the election of Republican candidates in the 2024 election.
Why It Matters: The potential fallout between Musk and Trump could have significant implications for Tesla and its future dealings with the government. 
Musk&#8217;s influence has been instrumental in shaping federal policy, and a breakdown in this relationship could impact the company&#8217;s ability to navigate the political landscape. 
Furthermore, Musk&#8217;s substantial financial contributions to the Republican party highlight his commitment to the current administration, and a potential split could signal a shift in his political affiliations.
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Scaramucci Sees Trouble Ahead for Musk-Trump Relationship: 'Everyone Flames Out With Trump'

Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) is set to introduce a slimmer iPhone 17 Air model, marking a potential shift <a href="https://www.benzinga.com/tech/25/02/43903365/apple-ditches-budget-smartphone-segment-with-iphone-16e-launch">towards portless iPhones</a>.
Bloomberg&#8217;s Mark Gurman, in his <a href="https://www.bloomberg.com/news/newsletters/2025-03-16/apple-iphone-17-air-foldable-iphone-details-ai-crisis-to-haunt-top-100-event-m8bl3a9c?srnd=undefined&amp;sref=TBDibEcD">latest</a> weekly &#8220;Power On&#8221; column, writes that the upcoming iPhone 17 Air is expected to be thinner than its predecessors, offering a blend of high-end and basic features. Despite its slim design, the device is designed to maintain a battery life similar to current iPhones.
The thin design necessitated substantial engineering efforts, including the redesign of&nbsp;display and silicon components, as&nbsp;well as software enhancements to improve device efficiency. 
However, compromises were made, such as a single 48-megapixel camera and the removal of&nbsp;a physical SIM card slot.
Also Read: <a href="https://www.benzinga.com/tech/25/03/44211544/apple-breaks-tradition-with-a-flood-of-new-releases-explores-smart-glasses">Apple Breaks Tradition With A Flood Of New Releases; Explores Smart Glasses</a>
The new model will feature Apple&#8217;s in-house modem chip, the C1, which&nbsp;is more power-efficient than those&nbsp;from Qualcomm Inc. This modem will contribute to the thin design of the Air model.
Apple initially aimed for a more ambitious design with this model, including a completely port-free iPhone. However, concerns about upsetting&nbsp;European Union regulators, who mandated&nbsp;the iPhone switch to USB-C, led to the retention of the USB-C connector in the new iPhone.
If the iPhone 17 &#8220;Air&#8221; proves successful, Apple plans to attempt port-free iPhones and transition&nbsp;more of its models to&nbsp;this slimmer approach. 
The company is also planning&nbsp;to use technologies from the&nbsp;iPhone 17 &#8220;Air&#8221; to create future models, including a foldable version expected as early as 2026. 
This move could potentially revolutionize the smartphone industry, setting a new standard for slim, efficient, and portless designs.
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Apple's iPhone 17 Air to Usher in New Era of Slimmer, Portless Models

A growing share of Americans are dipping into their retirement nest eggs to handle immediate financial challenges, underlining the <a href="https://www.benzinga.com/25/03/44262764/kohls-ceo-warns-of-pretty-challenging-environment-for-consumers-expects-value-seeking-to-grow-over-next-3-months">economic strain many households are experiencing</a> despite strong employment figures.
Last year, 4.8% of 401(k) account holders took early withdrawals for hardship reasons like paying medical bills or paying their home mortgage, according to <a href="https://institutional.vanguard.com/content/dam/inst/iig-transformation/has/2025-preview/251114.01_HASPRE_COMM_Commentary_v7_a11y.pdf">data from Vanguard Group</a>. It marks an all-time high, jumping from 3.6% the previous year and more than doubling the typical pre-COVID rate of about 2%.
 The increase comes as Americans navigate contradictory economic conditions.&nbsp;
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While unemployment remains low—the Labor Department <a href="https://www.dol.gov/ui/data.pdf">reported Thursday</a> that jobless claims fell to 2,000 from the previous week to 220,000—and wages are rising, persistent inflation in essential categories like groceries continues to strain household budgets. <a href="https://www.wsj.com/personal-finance/retirement/401k-retirement-emergency-savings-americans-6a5dfed0?mod=hp_lead_pos10">The Wall Street Journal</a> noted <a href="https://www.benzinga.com/general/market-summary/25/02/43889033/consumer-sentiment-drops-10-unitedhealth-under-investigation-whats-driving-markets-friday">declining consumer sentiment</a> alongside rising delinquencies in vehicle financing and credit card debt.
David Stinnett, head of strategic retirement consulting at Vanguard offered a measured perspective to the Journal, saying that while financial hardship itself isn&#8217;t positive, &#8220;having savings to turn to is a positive.&#8221; 
Two key factors are driving the trend. Workplace retirement plans are becoming more widespread through automatic enrollment practices. Vanguard&#8217;s figures show that 61% of retirement plans under its management now automatically sign up new employees, compared to just 36% a decade ago.
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Second, regulatory changes have simplified the process of accessing retirement savings during difficult times. Legislation passed in 2018 removed the previous mandate to exhaust 401(k) loan options before requesting hardship distributions. Additionally, another law passed in 2022 created provisions for emergency withdrawals up to $1,000 annually without penalties, provided the money is returned before subsequent withdrawals. 
Among those making hardship withdrawals last year, 35% did so to avoid foreclosure or eviction, down from 39% in 2023. About 16% used the funds to purchase or repair a home. The median withdrawal amount was $2,200, according to the Journal.
Traditional 401(k) hardship withdrawals still come with costs. Account holders must pay income tax on the withdrawn amount and typically face a 10% penalty if they&#8217;re younger than 59 and-a-half.
See Also: <a href="https://www.benzinga.com/money/suze-orman-retirement-bucket">&#8216;Which Bucket Do I Draw From First?&#8217; Suze Orman Explains To 67-Year-Old The Best Order For Tapping Into Her Retirement Accounts</a>
Despite the increase in early withdrawals, overall 401(k) balances rose by an average of 10% in 2024, reaching a record high of $148,153. The share of participants with outstanding 401(k) loans remained steady at 13%, unchanged from 2023 levels.
As more employers not only automatically enroll workers but also automatically increase their contribution rates—typically by 1% annually until reaching about 10% of pay—retirement accounts are increasingly serving as de facto emergency funds for Americans facing financial difficulties.
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Why Millions Of Americans Are Tapping Their 401(k) Savings Early

NBA icon Shaquille O&#8217;Neal once exhausted a $1 million paycheck in a single day, oblivious to the fact that a portion of his <a href="https://www.benzinga.com/general/sports/24/12/42500103/shaquille-oneals-250k-accidental-investment-turns-into-a-fortune-after-business-booms">earnings were earmarked for taxes</a>.
What Happened: O&#8217;Neal disclosed this financial faux pas during an episode of the financial literacy podcast &#8220;Earn Your Leisure.&#8221; The retired basketball superstar confessed that he had already mapped out his spending plans even before the money landed in his bank account.
Upon receipt of a $1 million check from his agent, O&#8217;Neal promptly splurged on a black Mercedes for $150,000. Subsequently, he was convinced to purchase two more luxury vehicles for his parents, with jewelry and suits also making it to his shopping list.
During the <a href="https://www.youtube.com/watch?v=XByJpQzl2DY">interview</a>, O&#8217;Neal conceded that he was uninformed about the deductions made for&nbsp;payroll taxes under the Federal&nbsp;Insurance Contributions Act (FICA). 
"I don't know no&#8230;FICA. They took [something like] $200,000," he said.
Also Read: <a href="https://www.benzinga.com/general/sports/25/03/44209990/nba-legend-shaqs-walmart-shopping-spree-ends-in-credit-card-decline-heres-how-much-he-tried-to-spend">NBA Legend Shaq&#8217;s Walmart Shopping Spree Ends In Credit Card Decline—Here&#8217;s How Much He Tried To Spend</a>
After depleting the money, he was taken aback to discover from his bank manager that he had spent his entire paycheck. This incident served as a wake-up call for him to educate himself about taxes to prevent similar financial missteps in the future.
"I had no idea what FICA, and income, state tax, sales tax were. So then I said, ‘Okay, I don't want to be like the rest of these NBA players, I got to teach myself,'&#8221; he added during the podcast. 
Why It Matters: O&#8217;Neal&#8217;s story underscores the importance of financial literacy, particularly for high-income individuals who may face complex tax situations. 
His experience serves as a reminder that understanding the basics of personal finance, including tax deductions, is crucial to avoid costly mistakes. 
It also highlights the need for financial education to be more accessible and widespread, so individuals can make informed decisions about their money.
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<a href="https://www.benzinga.com/general/sports/24/11/42026306/nba-legend-shaqs-daughter-breaks-silence-on-dads-career-defying-family-expectations-its-a-no-go-for-me" target="_blank" rel="noreferrer noopener">NBA Legend Shaq&#8217;s Daughter Breaks Silence On Dad&#8217;s Career, Defying Family Expectations: ‘It&#8217;s A No Go For Me&#8217;</a>

Sports

Shaq Once Spent $1 Million in a Day on Luxury, Then Realized Taxes Took a Huge Cut

The burn rate of Shiba Inu (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/shib/usd">SHIB</a>) has skyrocketed by over 62,000%, resulting in the removal of 505 million SHIB tokens from circulation within a single day.
What Happened: The burn rate of Shiba Inu surged by an astounding 62,000%, leading to the permanent removal of 505.6 million SHIB from circulation. A single transaction was responsible for the burn of 459.3 million SHIB, leading to speculation about its potential effect on SHIB&#8217;s price action.
Shibarium, the Layer-2 blockchain of Shiba Inu, saw a significant rise in daily transactions, from 69,800 on March 12 to 1.46 million on March 13. According to data from IntoTheBlock, large SHIB transactions increased by 64%, while daily active addresses grew by 1.1%.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">HOURLY SHIB UPDATE<a href="https://twitter.com/search?q=%24SHIB&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$SHIB</a> Price: $0.00001268 (1hr -1.44% ▼ &#x7C; 24hr -0.51% ▼ ) Market Cap: $7,473,510,302 (-0.54% ▼) Total Supply: 589,254,668,976,984 TOKENS BURNT Past 24Hrs: 796,088 (-71.55% ▼) Past 7 Days: 535,582,404 (507.03% ▲)
&mdash; Shibburn (@shibburn) <a href="https://twitter.com/shibburn/status/1901242087405649972?ref_src=twsrc%5Etfw">March 16, 2025</a></blockquote>
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On-chain data shows that 104.14 trillion SHIB ($1.27 billion) is now &#8220;in the money&#8221;, indicating profitable investments for many. However, a staggering 846.99 trillion SHIB remains "out of the money," signifying losses for a large number of holders.
Also Read: <a href="https://www.benzinga.com/markets/cryptocurrency/25/02/43768843/shiba-inu-coin-burns-over-58-million-tokens-as-weekly-price-increases">Shiba Inu Coin Burns Over 58 Million Tokens As Weekly Price Increases</a>
As of the time of reporting, SHIB is trading at $0.00001215, with a market cap of $7.16 billion and a 24-hour trading volume exceeding $200 million. 
The development team of Shiba Inu is also expanding its ecosystem, with the marketing lead announcing Shib OS, a decentralized governance platform, on March 13.
Why It Matters: The sudden surge in Shiba Inu&#8217;s burn rate and the removal of a significant number of tokens from circulation could potentially impact the token&#8217;s price. 
The increase in daily transactions on Shibarium and the growth in daily active addresses indicate a heightened activity around SHIB. However, with a large amount of SHIB still "out of the money," the future price action of SHIB remains uncertain. 
Read Next
<a href="https://www.benzinga.com/markets/cryptocurrency/25/01/42935252/shiba-inu-burns-skyrocket-by-300-amid-calls-for-larger-burns-from-shib-army" target="_blank" rel="noreferrer noopener">Shiba Inu Burns Skyrocket by 300% Amid Calls for Larger Burns From SHIB Army</a>

$SHIB

Shiba Inu's Burn Rate Soars, Removing 505 Million Tokens From Circulation

Former NBA superstar Allen Iverson is taking a swing at the golf industry. Iverson, who once lost a $200 million fortune, is now attempting to rebuild his wealth through a venture into golf. 
What Happened: This new endeavor is in partnership with sportswear giant Reebok and fellow NBA legend Shaquille O'Neal. Iverson, who amassed $155 million during his 17-year NBA career, found himself filing for bankruptcy in 2012. 
His financial downfall was a result of excessive spending on luxury cars, jewelry, and extravagant nights out, reports <a href="https://talksport.com/basketball/2085310/allen-iverson-net-worth-reebok-golf-shaquille-oneal/">the </a>Talksport. 
However, Iverson&#8217;s financial prospects improved significantly after striking a deal with Reebok. This partnership guarantees him an annual income of $800,000 and a $32 million trust fund when he turns 55. 
In 2020, he took on the role of vice-president of the basketball division at Reebok, working under NBA icon, Shaquille O'Neal.
Also Read: <a href="https://www.benzinga.com/general/sports/25/03/44209990/nba-legend-shaqs-walmart-shopping-spree-ends-in-credit-card-decline-heres-how-much-he-tried-to-spend">NBA Legend Shaq&#8217;s Walmart Shopping Spree Ends In Credit Card Decline—Here&#8217;s How Much He Tried To Spend</a>
In addition to this, Iverson has ventured into the cannabis industry, launching his own strain in collaboration with ex-NBA star Al Harrington, founder of cannabis company Viola. 
Despite his previous financial struggles, Iverson&#8217;s net worth is now estimated at $1 million.
Why It Matters: Reebok, which was bought by Authentic Brands Group in 2021 for approximately $2.5 billion, is now launching a golf range. 
The new line features the Question Golf, a shoe that pays homage to Iverson and his basketball silhouette. This venture into golf represents a significant shift for Iverson, who is best known for his achievements on the basketball court. 
It also signifies a strategic move by Reebok to diversify its product offerings and tap into the lucrative golf market.
Read Next
<a href="https://www.benzinga.com/general/sports/24/12/42500103/shaquille-oneals-250k-accidental-investment-turns-into-a-fortune-after-business-booms" target="_blank" rel="noreferrer noopener">Shaquille O'Neal's $250K ‘Accidental' Investment Turns Into A Fortune After Business Booms</a>

'I Blew $200M On Cars And Parties—Now I'm Back As A Millionaire With Shaq's $2.5B Brand,' Says Former NBA Superstar Allen Iverson

Billionaire investor&nbsp;Mark Cuban&nbsp;emphasized the significance of trusting one&#8217;s instincts, particularly for small business owners, as a key to achieving success.
What Happened: During a recent interview, Cuban highlighted the necessity for entrepreneurs to stay focused on their personal objectives and disregard irrelevant advice. 
At 66, Cuban cautioned entrepreneurs against being influenced by diverse ideas that could potentially overshadow a promising opportunity. 
He recommended selling to customers rather than being sold to by them. However, he also underscored the value of customer feedback, especially when a product or service does not meet expectations.
"When you're just getting started in a small business, it's easy to drown an opportunity if you let yourself get pulled by different ideas. People tell you, ‘Oh I love your product, but I would buy more if you only did this or if you change just one little thing.' You have to sell to them versus them selling to you," Cuban <a href="https://www.cnbc.com/2025/03/14/billionaire-mark-cuban-you-need-this-personality-trait-to-be-successful.html">told</a> CNBC.
Also Read: <a href="https://www.benzinga.com/tech/25/03/44067809/mark-cuban-shares-two-things-hed-do-at-12-to-succeed-and-they-work-for-everyone">Mark Cuban Shares Two Things He&#8217;d Do At 12 To Succeed — And They Work For Everyone</a>
Cuban suggested that sales figures are a reliable measure of a business&#8217;s trajectory.&nbsp;&#8220;When you see there&#8217;s no&nbsp;money coming in,&#8221; that&#8217;s an indication to modify strategies, he advised.
Cuban also shared his personal journey of confidence-building, a characteristic he believes is not inherently present in everyone. He developed his confidence by learning to dance, an activity that&nbsp;made him feel competent and&nbsp;capable of acquiring new skills.
Why It Matters: Cuban&#8217;s advice comes at a time when many small businesses are struggling to navigate the challenges of the market. 
His emphasis on trusting one&#8217;s instincts, focusing on personal goals, and the importance of customer feedback provide valuable insights for entrepreneurs. 
His personal journey of building confidence also serves as an inspiration for many who are in the process of developing their own businesses.
Read Next
<a href="https://www.benzinga.com/news/25/02/43581429/mark-cubans-400k-bet-on-teen-founder-comes-with-an-unexpected-invitation-i-want-my-daughters-to-meet-you-and-learn-from-you" target="_blank" rel="noreferrer noopener">Mark Cuban's $400K Bet On Teen Founder Comes With An Unexpected Invitation: ‘I Want My Daughters To Meet You, And Learn From You'</a>

Success Stories

Mark Cuban Reveals the Key Personality Trait You Need to Succeed

<h2 class="wp-block-heading">Man Sentenced To 78 Months In Prison For Tax Crimes, Investment Fraud</h2>
Rick Tariq Rahim of Great Falls, Virginia <a href="https://www.justice.gov/opa/pr/virginia-businessman-sentenced-tax-and-investment-fraud">was sentenced</a> on Friday to 78 months in prison for tax crimes and a wire <a href="https://www.benzinga.com/government/regulations/25/02/43903335/financial-crime-weekly-1-4-billion-ethereum-stolen-in-largest-crypto-hack-ever-sec-creates-cyber-and-emerging-technologies-unit">fraud scheme.&nbsp;</a>
Rahim owned multiple businesses, including laser tag facilities and an Amazon reseller, failed to pay the IRS taxes withheld from employees' wages and neglected to file quarterly employment tax returns from 2015 to 2021.&nbsp;
Read Next: <a href="https://www.benzinga.com/government/regulations/25/03/44310724/doge-cuts-to-ftc-sow-confusion-in-case-against-amazon">DOGE Cuts To FTC Sow Confusion In Case Against Amazon</a>&nbsp;
Additionally, between 2010 and 2012, he filed personal tax returns showing significant liabilities but did not pay the owed amounts. Rahim provided false information to the IRS, omitting assets such as a helicopter, luxury cars –including a Bentley and Lamborghini– and real estate. Shortly after, he transferred ownership of his Great Falls property to his wife.
Despite earning over $34 million in gross income since 2012, Rahim has not filed a personal tax return during that period, causing the IRS at least $4.4 million in losses.
Rahim also defrauded investors through automated trading bots marketed on social media platforms like TikTok, YouTube, and Discord. He falsely claimed to beat the stock market daily and promised high returns while showcasing his wealth with luxury items and properties.&nbsp;
However, he concealed trading losses exceeding $500,000 from February 2021 to December 2022. He earned at least $1.4 million in subscription fees, but lost over $300,000 of clients' funds within eight months.
As part of his sentence, Rahim agreed to forfeit over $1.3 million and pay restitution to both the IRS and victims of his investment fraud.
<h2 class="wp-block-heading">Woman Convicted Of $20 Million Insurance Fraud, Money Laundering </h2>
A federal jury on Tuesday convicted Maureen Wilson of Owings Mills, Maryland, for her involvement in a massive insurance fraud scheme. Wilson was found guilty of conspiracy to commit insurance fraud, wire fraud, money laundering and filing <a href="https://www.justice.gov/opa/pr/maryland-woman-convicted-20m-insurance-fraud-scheme">false tax returns</a>.
The evidence presented at trial revealed that Wilson and her husband, James Wilson, orchestrated a complex fraud operation involving over 40 life insurance policies with total death benefits exceeding $20 million. They misrepresented applicants&#8217; health, wealth and existing life insurance coverage to obtain these policies fraudulently.
To further their scheme, the Wilsons defrauded individual investors to secure funds for paying premiums on the fraudulently obtained life insurance policies. They attempted to conceal their illicit gains by transferring money through multiple bank accounts, including trust accounts.
Wilson also filed false individual income tax returns for 2018 and 2019, failing to report approximately $5.7 million and $2 million in fraudulent income, respectively.
The jury convicted Wilson on multiple charges, including conspiracy to commit mail and wire fraud, mail fraud, wire fraud, conspiracy to commit money laundering, money laundering and filing false tax returns.
Sentencing is scheduled for June 20, where Wilson faces a maximum penalty of 20 years in prison for each count of conspiracy, wire fraud, mail fraud and money laundering, as well as up to three years for each count of filing a false tax return.
Read Next:&nbsp;
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</ul>
Image: Shutterstock&nbsp;

Legal

Financial Crime Weekly: Man Sentenced To 78 Months For Investment Scheme, Woman Convicted Of $20 Million Insurance Fraud

A man with apparent animosity towards Elon Musk was captured on camera vandalizing&nbsp;a Cybertruck in New York&nbsp;City. The perpetrator, identified as Michael Lewis, was later apprehended by the police.
What Happened: Lewis was spotted defacing a Cybertruck with a swastika. The vehicle was parked on Washington Avenue in Prospect Heights, Brooklyn. Avi Ben Hamo, the vehicle&#8217;s owner, witnessed the act from the other side of the street.
Following the act of vandalism, Lewis tried to escape but was intercepted by Ben Hamo, who had dialed 911. Lewis deserted his car and fled on foot, only to return an hour and a half later to collect his vehicle. Upon his return, he was arrested by the police, <a href="https://nypost.com/2025/03/15/us-news/deranged-anti-elon-musk-dad-scrawls-swastika-on-nyc-cybertruck-in-broad-daylight/">reports</a> The New York Post.
Lewis was initially charged with aggravated harassment. However, his attorney, Mark Luccarelli, contended that no crime was committed as the vehicle was not damaged.
"I feel myself burning inside," Ben Hamo said.
Also Read: <a href="https://www.benzinga.com/news/24/09/40971831/putin-ally-who-unveiled-tesla-cybertruck-with-machine-gun-last-month-now-says-elon-musk-remotely-dis">Putin Ally Who Unveiled Tesla Cybertruck With Machine Gun Last Month Now Says Elon Musk &#8216;Remotely Disabled&#8217; The Militarized EV</a>
The Brooklyn district attorney subsequently released Lewis without pressing charges. This event is not an isolated incident but part of a series of recent&nbsp;attacks on Tesla vehicles and&nbsp;infrastructure. 
These attacks are believed to be the work of left-wing groups protesting against spending cuts implemented by Musk&#8217;s Department of Government Efficiency. The New York Post has identified at least five groups responsible for these attacks.
The vandalized Cybertruck is the third vehicle to be targeted&nbsp;in New York City in&nbsp;recent days. Other incidents include a Cybertruck being&nbsp;egged and smeared with dog&nbsp;feces, and street signs in Williamsburg encouraging similar acts of vandalism.
Read Next
<a href="https://www.benzinga.com/markets/25/03/44346155/trumps-tesla-shoutout-falls-flat-no-spike-in-orders-or-inventory-movement">Trump&#8217;s Tesla Shoutout Falls Flat — No Spike in Orders or Inventory Movement</a>

Anti-Musk Protester Vandalizes Tesla Cybertruck With Swastika, Shocking Jewish Owner

Business magnate Mark Cuban has imparted some crucial advice to the Gen Z workforce. He underscored the significance of gaining knowledge in artificial intelligence (AI).
What Happened: While addressing the audience at SXSW last week, Cuban shared insights from his past failures and how they molded him into a successful entrepreneur. 
He <a href="https://www.youtube.com/watch?v=vkJfCMycJRk">stated </a>that if he were to start his journey today, his primary focus would be AI. Cuban emphasized that grasping AI and educating others about it could unlock numerous business prospects.
"If I was 16, 18, 20, 21 starting today, I would spend every waking minute learning about AI," Cuban said at SXSW. "Even if I am sleeping, I am listening to podcasts talking about AI," Cuban said. 
Cuban&#8217;s proposed strategy for Gen Z is to familiarize themselves with NotebookLM, an AI tool, and introduce it to small businesses, offering demonstrations at a rate of $25 per hour. He is of the opinion that those who dedicate time to learning AI will outshine in their respective fields.
A staunch supporter of AI, Cuban cautioned that those who do not adopt AI will be left behind. He clarified that AI is a tool, not the solution, and it can be utilized to augment existing skills.
Also Read: <a href="https://www.benzinga.com/news/25/02/43581429/mark-cubans-400k-bet-on-teen-founder-comes-with-an-unexpected-invitation-i-want-my-daughters-to-meet-you-and-learn-from-you" target="_blank" rel="noreferrer noopener">Mark Cuban's $400K Bet On Teen Founder Comes With An Unexpected Invitation: ‘I Want My Daughters To Meet You, And Learn From You'</a>
Cuban said, &#8220;It's up to you to stay ahead of the game and figure out how the technology can transform a business need: "When you run with the elephants, there's the quick and the dead. You've got to be better."
"AI is never the answer. AI is a tool. Whatever skills you have, you can use AI to amplify them," he added.
Furthermore, Cuban highlighted the significance of having the right attitude in entrepreneurship. He values curiosity and the zeal to innovate. He urged entrepreneurs to perceive their product or service as a public service and emphasized that failure is a stepping stone to success.
&#8220;While failing many times is sometimes inevitable in entrepreneurship, getting back up is the pathway to success. It doesn't matter how many times you fail," Cuban said. "You only have to be right one time," Cuban said. 
Why It Matters: AI has been making waves in the business world, and Cuban&#8217;s advice comes at a time when the technology is increasingly being adopted across various industries. His emphasis on AI is a testament to its growing importance in the future of work. 
With AI tools like NotebookLM, Gen Z can equip themselves with the skills needed to thrive in the evolving business landscape. Cuban&#8217;s advice could potentially guide Gen Z in carving out successful careers and staying ahead of the curve.
Read Next
<a href="https://www.benzinga.com/tech/25/03/44067809/mark-cuban-shares-two-things-hed-do-at-12-to-succeed-and-they-work-for-everyone">Mark Cuban Shares Two Things He&#8217;d Do At 12 To Succeed — And They Work For Everyone</a>

Mark Cuban Reveals What He'd Do As A Gen Zer to Get Ahead—Even While Sleeping: 'If I Was 16, 18, 20, 21 Starting Today, I Would Spend Every Waking Minute Learning It'

Elon Musk and OpenAI CEO Sam Altman have decided to speed up their ongoing legal battle concerning OpenAI&#8217;s shift to a for-profit model. The trial is set <a href="https://www.benzinga.com/news/24/03/37766544/elon-musk-is-feuding-with-sam-altman-in-a-major-lawsuit-over-openai-and-one-appears-to-already-have">to take place in December.</a>
What Happened: The two parties have reached a consensus to expedite the trial amidst their legal wrangling. In a court document filed on Friday, Elon Musk and OpenAI proposed to fast-track the trial for their dispute and postpone the decision on whether a jury will be involved in the case.
Musk, who co-founded OpenAI, has been at odds with the company since his departure from its board in 2018. 
He formally instigated the dispute last year by suing OpenAI in a California state court, claiming that the company had &#8220;betrayed&#8221; its mission by introducing a for-profit arm in 2019 and strengthening its alliance with Microsoft in 2023.
Also Read: <a href="https://www.benzinga.com/tech/25/03/44066117/elon-musk-battles-openai-over-move-to-for-profit-model-and-experts-are-pushing-back">Elon Musk Battles OpenAI Over Move To For-Profit Model — And Experts Are Pushing Back</a>
Earlier this month, US District Judge Yvonne Gonzalez Rogers denied Musk&#8217;s request for an injunction on OpenAI&#8217;s restructuring, but agreed to fast-track the trial over &#8220;interrelated contract-based claims&#8221;. OpenAI, for its part, has expressed satisfaction with the decision and is eager to present its case in court.
In February, Musk also made a $97.4 billion acquisition offer for the company, which was promptly turned down by OpenAI CEO Sam Altman.
Why It Matters: This legal dispute is a significant development in the AI industry, as it involves two major players, Elon Musk and OpenAI. 
The outcome of this case could potentially influence the future direction of AI companies and their decision to transition to a for-profit model. Furthermore, the trial&#8217;s expedited timeline indicates the urgency and importance attached to this case by both parties. 
The legal battle also underscores the ongoing tension between Musk and OpenAI, which could have far-reaching implications for their respective roles in the AI sector.
Read Next
<a href="https://www.benzinga.com/tech/24/12/42257564/musk-goes-to-court-to-block-openais-for-profit-transition" target="_blank" rel="noreferrer noopener">Musk Goes To Court To Block OpenAI's For-Profit Transition</a>

Elon Musk And Sam Altman Just Agreed On One Thing—And No, It's Not A Business Deal

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