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Lucid Group Inc is a technology and automotive company. It develops the next generation of electric vehicle (EV) technologies. It offers its own geographically distributed retail and service locations and through direct-to-consumer online and retail sales. It also boasts a product roadmap of future vehicle programs and technologies. It focuses on in-house hardware and software innovation, vertical integration, and a clean-sheet approach to engineering and design led to the development of the Lucid Air. The Lucid Air is a luxury sedan that redefines both the luxury car segment and the EV space. Its geographic segments include North America, the Middle East, and Other International.

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Rivian cae 2,86 % tras anunciar emisión de bonos verdes por $1250M. Usa los fondos para refinanciar deuda. ¿Oportunidad o señal de alerta?

Acciones de Rivian caen tras anunciar emisión de bonos verdes por $1250M

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Gary Black cuestiona las proyecciones millonarias sobre los robotaxis de Tesla y expone limitaciones clave.

Tesla (TSLA), Gary Black advierte: el modelo robotaxi no justifica un precio de 2.000$ por acción

Xpeng, Hesai Group, Kohl's, Groupon, And Tesla: Why These 5 Stocks Are On Investors' Radars Today

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El mercado bursátil de Estados Unidos enfrentó una jornada complicada ayer, ya que el sentimiento de riesgo continuó bajo presión en Wall Street. El índice S&amp;P 500 vivió una sesión volátil, alcanzando su punto más bajo en más de seis meses antes de recuperar parte de sus pérdidas.

Nvidia, Moderna, Lucid, Dominari, Tesla: 5 acciones que están en el radar de los inversores

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Anthropic CEO Dario Amodei reportedly told employees that the company would seek funding from Middle-Eastern states despite ethical concerns, arguing that staying competitive in the global AI race requires access to massive capital, even if it empowers authoritarian regimes.
What Happened: Amodei told staff via Slack that the artificial intelligence startup backed by Amazon.com, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>) and Alphabet Inc.&#8217;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) Google would pursue <a href="https://www.benzinga.com/25/05/45462404/trump-unveils-over-200-billion-worth-of-deals-with-uae-including-major-etihad-airways-commitment">investment from the United Arab Emirates</a> and Qatar, reversing its previous stance against accepting funds from authoritarian nations, <a href="https://www.wired.com/story/anthropic-dario-amodei-gulf-state-leaked-memo/">reported</a> Wired.
"Unfortunately, I think ‘No bad person should ever benefit from our success' is a pretty difficult principle to run a business on," Amodei wrote, acknowledging that such investments would likely enrich "dictators."
He admitted the move could appear hypocritical but framed it as necessary to remain on the AI frontier: "Without it, it is substantially harder to stay on the frontier."
Also Read:&nbsp;<a href="https://www.benzinga.com/news/topics/25/07/46383701/apple-undergoing-major-management-overhaul-but-ceo-tim-cook-to-stay-on" target="_blank" rel="noreferrer noopener">Apple Undergoing Major Management Overhaul, But CEO Tim Cook To Stay On</a>
Amodei cited the scale of available capital in the Middle East—upwards of $100 billion—as a driving force behind the decision. He said Anthropic aims to pursue "narrowly scoped, purely financial investment" to avoid granting foreign investors leverage.
An Anthropic spokesperson told the publication, "We believe fundamentally in sharing the benefits of AI and serve the Middle East and regions around the world commercially, in line with our Usage Policy."
Anthropic did&nbsp;not immediately respond to <a href="https://pro.benzinga.com/dashboard">Benzinga's</a> request for comments.
Why It's Important: Anthropic's decision mirrors moves by ChatGPT-parent OpenAI, which has <a href="https://www.benzinga.com/news/global/25/05/45612410/fact-check-no-openais-chatgpt-plus-isnt-free-for-all-uae-residents">partnered with a UAE state-backed firm</a> to build data infrastructure abroad.
In 2024, Anthropic had rejected Saudi funding over national security concerns.
In May earlier this year, President Donald Trump <a href="https://www.benzinga.com/news/global/25/05/45496491/trumps-uae-deal-lands-4-billion-aluminum-hub-in-oklahoma">visited the United Arab Emirates</a> and Saudi Arabia during a four-day tour centered on boosting economic ties.
He was accompanied by a group of prominent tech figures — including Elon Musk, Sam Altman and Nvidia Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) CEO Jensen Huang — for a meeting with Saudi Arabia's crown prince.
Notably, Anthropic's executives were not in attendance.
Earlier this year, Nvidia criticized AI startup <a href="https://www.benzinga.com/25/05/45160136/nvidia-blasts-anthropic-for-backing-stricter-chip-bans-on-china-focus-on-innovation-than-tell-tall-tales">Anthropic for supporting</a> stricter U.S. export controls on AI chips to China. The clash followed Anthropic&#8217;s blog post describing bizarre smuggling attempts involving chips hidden in fake baby bumps and lobster shipments.
Read Next:
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<li><a href="https://www.benzinga.com/markets/tech/25/07/46487059/trump-white-house-to-crack-down-on-woke-ai-with-executive-order-targeting-political-bias-in-government-contracted-chatbots-and-models-report" target="_blank" rel="noreferrer noopener">Trump White House To Crack Down On ‘Woke AI' With Executive Order Targeting Political Bias In Government-Contracted Chatbots And Models: Report</a></li>
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Photo Courtesy: gguy on Shutterstock.com
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

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Anthropic CEO Dario Amodei Not 'Thrilled' About It, But Admits Accepting Investment From Middle East Leaders Will Enrich 'Dictators'

Norsk Hydro (OTC:<a class="ticker" href="https://www.benzinga.com/stock/NHYDY#OTC">NHYDY</a>) reported quarterly earnings of $0.16 per share which beat the analyst consensus estimate of $0.08 by 103.75 percent. This is a 79.12 percent increase over earnings of $0.09 per share from the same period last year. The company reported $5.22 billion in sales this quarter. This is a 9.14 percent increase over sales of $4.78 billion the same period last year.

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Norsk Hydro Q2 Adj. EPS $0.16 Beats $0.08 Estimate, Sales $5.22B Up From $4.78B YoY

Elon Musk&#8217;s Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) Diner &amp; Drive-In has finally opened to the public, drawing a crowd of enthusiastic Tesla fans.
What Happened: The long-awaited Tesla Diner &amp; Drive-In, located in Hollywood, Los Angeles, opened its doors on Monday, as reported <a href="https://www.nbcnews.com/tech/tech-news/tesla-diner-los-angeles-opens-elon-musk-fans-cybertrucks-rcna220093">by</a> NBC News. 
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">If our retro-futuristic diner turns out well, which I think it will, <a href="https://twitter.com/Tesla?ref_src=twsrc%5Etfw">@Tesla</a> will establish these in major cities around the world, as well as at Supercharger sites on long distance routes. An island of good food, good vibes &amp; entertainment, all while Supercharging! <a href="https://t.co/zmbv6GfqKf">https://t.co/zmbv6GfqKf</a>
&mdash; Elon Musk (@elonmusk) <a href="https://twitter.com/elonmusk/status/1947191931563565508?ref_src=twsrc%5Etfw">July 21, 2025</a></blockquote>
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The diner, doubling as a drive-in movie theater, is a retro-futuristic space packed with Tesla innovations—including the humanoid robot Optimus—and branded merchandise, such as Cybertruck-inspired food containers.
Built on the former site of a Shakey's Pizza, the diner features a menu curated by chef Eric Greenspan, offering classic diner fare alongside themed creations, such as the "Tesla Burger" with "Electric Sauce."
Prices range from $4 for fries to $15 for biscuits and red gravy.
See Also: <a href="https://benzinga.com/news/politics/25/07/46512871/trump-says-he-doesnt-need-scott-bessents-advice-to-fire-jerome-powell-i-know-better-than-anybody-wh" target="_blank" rel="noopener">Trump Says He Doesn&#8217;t Need Scott Bessent&#8217;s Advice To Fire Jerome Powell: &#8216;I Know Better Than Anybody What&#8217;s Good For The Market&#8217;</a>
Despite uncertainty around the opening time, Musk's most devoted fans waited for almost 10 hours before finally gaining entry at 4:20 p.m.
For instance, YouTuber Everyday Chris, known for his Tesla and EV content, arrived with his wife Janice at 5:30 a.m. Despite the long wait and lack of updates, he and others noticed staff going in and occasionally caught the scent of food being cooked inside.
There were others also who took to X and shared their experiences.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">I drove 6 hrs to eat, charge, and chill at the Tesla Diner that just opened. My family is ecstatic right now. <a href="https://t.co/IMExIEFtlH">pic.twitter.com/IMExIEFtlH</a>
&mdash; Teslaconomics (@Teslaconomics) <a href="https://twitter.com/Teslaconomics/status/1947471759739146722?ref_src=twsrc%5Etfw">July 22, 2025</a></blockquote>
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">My kids &#x2764;&#xFE0F; <a href="https://twitter.com/Tesla_Optimus?ref_src=twsrc%5Etfw">@Tesla_Optimus</a> <a href="https://twitter.com/hashtag/TeslaDiner?src=hash&amp;ref_src=twsrc%5Etfw">#TeslaDiner</a> <a href="https://t.co/Kt6t8gsHOL">pic.twitter.com/Kt6t8gsHOL</a>
&mdash; Prime the pump (@whistingbhole) <a href="https://twitter.com/whistingbhole/status/1946997096219107475?ref_src=twsrc%5Etfw">July 20, 2025</a></blockquote>
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Why It Matters: The opening of the Tesla Diner &amp; Drive-In marks the realization of Musk&#8217;s years-long ambition to establish a <a href="https://www.benzinga.com/markets/large-cap/25/07/46505352/elon-musks-hitchhikers-galaxy-meets-buc-ees-drive-in-restaurant-nears-completion-will-tesla-accept-dogecoin">Tesla restaurant in Los Angeles</a>, a project that has been in the works for several years.
In 2023, Tesla secured a permit for the diner and supercharger station in Los Angeles, and the project has been in the <a href="https://www.benzinga.com/news/23/08/34037776/teslas-diner-supercharger-concept-in-la-gets-green-signal-5-years-after-musk-first-touted-idea">works for several years</a>.
Musk, whose net worth exceeded $400 billion in 2024, was once a close ally of President Donald Trump before their relationship soured publicly.
His leadership of the Department of Government Efficiency—and its broad, controversial budget cuts—sparked a drop in Tesla's stock and <a href="https://www.benzinga.com/25/05/45661836/tesla-stock-gains-215-after-hours-as-elon-musk-ends-doge-government-role">eroded his public support</a>.
Price Action: Tesla ended Monday at $328.49, down 0.35%, and dipped an additional 0.22% in after-hours trading, according to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro data</a>.
Read Next: 
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<li><a href="https://benzinga.com/pressreleases/24/10/ab41310379/claritycheck-launches-innovative-reverse-lookup-tool-to-empower-users-against-digital-scams" target="_blank" rel="noopener">ClarityCheck Launches Innovative Reverse Lookup Tool to Empower Users Against Digital Scams</a></li>
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Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo courtesy: Jonathan Weiss on Shutterstock.com

Tech

Tesla Superfans Camp Out Overnight As Elon Musk Unveils Retro-Futuristic Diner With Robot Waiters, Cybertruck Food Trays And Drive-In Vibes

Globavend Holdings Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GVH#NASDAQ">GVH</a>) stock experienced a surge in <a href="https://www.google.com/finance/quote/GVH:NASDAQ?sa=X&amp;ved=2ahUKEwivkYmDv8-OAxXUUGcHHRzaMsEQ3ecFegQIShAb">after-hours trading</a>. The company&#8217;s stock price rose by 37.99% to $9.88.
Check out&nbsp;<a href="https://www.benzinga.com/quote/GVH">how GVH stock is trading here</a>.
What Happened: The surge in stock price follows the company&#8217;s recent announcement of a 1-for-200 reverse stock split. This decision was made by the company&#8217;s board of directors and approved by the majority of its shareholders at an extraordinary general meeting held on April 28. The reverse stock split will be effective from July 21.
Read Next: <a href="https://benzinga.com/news/politics/25/07/46512871/trump-says-he-doesnt-need-scott-bessents-advice-to-fire-jerome-powell-i-know-better-than-anybody-wh">Trump Says He Doesn&#8217;t Need Scott Bessent&#8217;s Advice To Fire Jerome Powell: &#8216;I Know Better Than Anybody What&#8217;s Good For The Market&#8217;</a>
As a result of the reverse stock split, the number of outstanding shares of the Australia-based e-commerce logistics company will be reduced from approximately 253 million to approximately 1.27 million. The reverse stock split will not affect any rights or preferences of the company's shares. The par value of the ordinary shares will be proportionally increased from $0.001 to $0.20.
Why It Matters: The recent movement in Globavend ‘s stock appears to be driven by a combination of factors. In June, GVH expanded its e-commerce logistics presence through a <a href="https://www.benzinga.com/news/25/06/46163438/globavend-expands-e-commerce-logistics-presence-through-strategic-alliance-with-leading-beauty-retai">strategic alliance with beauty retailer </a>Strawberrynet. Earlier in the month, Litchfield Hills initiated coverage on GVH with a <a href="https://www.benzinga.com/news/25/07/46356710/litchfield-hills-initiates-coverage-on-globavend-holdings-with-buy-rating-announces-price-target-of">buy rating and a price target of $0.4</a>, contributing to the surge in stock value.&nbsp;
The recent surge in GVH&#8217;s stock value is a significant development for the company, especially considering the recent reverse stock split and trading halt (on Monday, at approximately 3:00 p.m. ET). The rebound in stock value suggests that investors may be regaining confidence in the company&#8217;s future prospects.
Despite the recent fluctuations, Globavend‘s stock value is still a long way off from its year range high of $366.00, indicating that there may still be room for further growth.
Price Action: GVH surged 1.99% to close at $7.16 on July 21, according to <a href="https://www.benzinga.com/quote/GVH">Benzinga Pro</a> data.
Benzinga&#8217;s Edge Stock Rankings indicate Globavend stocks have negative trends across all time frames. Know how the stock fares on <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-4/#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">other parameters here</a>.
<figure class="wp-block-image size-full"><a href="https://www.benzinga.com/premium/ideas/benzinga-edge-4/#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound"><img loading="lazy" decoding="async" width="463" height="116" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/22001600/Screenshot-2025-07-18-081924-1.png" alt="" class="wp-image-994575" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/22001600/Screenshot-2025-07-18-081924-1.png 463w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/22001600/Screenshot-2025-07-18-081924-1-300x75.png 300w" sizes="(max-width: 463px) 100vw, 463px" /></a></figure>
See Also: <a href="https://benzinga.com/markets/cryptocurrency/22/11/29848650/bankrupt-ftx-seeks-court-nod-to-let-bitgo-safeguard-remaining-assets-to-pay-5m-fee-upfront">Bankrupt FTX Seeks Court Nod To Let BitGo Safeguard Remaining Assets, To Pay $5M Fee Upfront &#8211; Benzinga</a>
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo Courtesy: Who is Danny on Shutterstock.com

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Globavend Holdings Rallies 37.99% in After-Hours Trading Following Reverse Stock Split

Economist&nbsp;Peter Schiff&nbsp;suggested Monday that Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>) holders should consider selling their holdings and buying Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) instead.
What Happened: Schiff took to X to comment on the current state of the cryptocurrency market. 
&#8220;Ether is back near the upper end of its trading range again. If you own any, this is a great time to sell,&#8221; he advised his followers. 
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Ether is back near the upper end of its trading range again. If you own any, this is a great time to sell. As much as it pains me to say, selling Ether and buying Bitcoin with the proceeds is a better trade than holding Ether.
&mdash; Peter Schiff (@PeterSchiff) <a href="https://twitter.com/PeterSchiff/status/1947342598928003505?ref_src=twsrc%5Etfw">July 21, 2025</a></blockquote>
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When curious observers asked him about favoring Bitcoin over Ethereum, he replied, &#8220;I would not buy Ether myself, but I think Ether is in a bear market in terms of Bitcoin, and I think it just had a bear market rally.&#8221; 
Schiff noted that leaving ETH for Bitcoin &#8220;makes sense&#8221; to succeed in the current cryptocurrency market.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">I would not buy either myself, but I think Ether is in a bear market in terms of Bitcoin, and I think it just had a bear market rally. So if you want to won crypto, selling Ether to buy Bitcoin makes sense.
&mdash; Peter Schiff (@PeterSchiff) <a href="https://twitter.com/PeterSchiff/status/1947343189754490928?ref_src=twsrc%5Etfw">July 21, 2025</a></blockquote>
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Schiff said that he doesn&#8217;t consider Bitcoin &#8220;better&#8221; than Ethereum, but believes the second-largest cryptocurrency has &#8220;more acknowledged competition&#8221; for its use case narrative.
See Also:&nbsp;<a href="https://www.benzinga.com/crypto/cryptocurrency/25/07/46529190/trader-who-called-bitcoin-ethereum-solana-bottom-in-april-now-warns-local-top-likely-in-august">Trader Who Called Bitcoin, Ethereum, Solana Bottom In April Now Warns Local Top Likely In August</a>
Why It Matters: Schiff&#8217;s comments come amid a surge in Ethereum&#8217;s value,<a href="https://www.benzinga.com/crypto/cryptocurrency/25/07/46535945/bitcoin-rises-amid-trump-medias-massive-purchase-but-ethereum-dogecoin-score-greater-gains-analyst-sees-new-btc-all-time-high-if-it-breaks-past-this-level"> crossing $3,800 for the first time since mid-December</a> and closing in on the crucial $4,000 mark.
Ethereum&#8217;s recent rally has been <a href="https://www.benzinga.com/crypto/cryptocurrency/25/07/46515365/ethereum-roars-to-3800-whats-driving-the-surge">reinforced by $3 billion in exchange-traded fund inflows</a> this July, over $2 billion of which came in just the past week. The GENIUS Act, <a href="https://www.benzinga.com/crypto/cryptocurrency/25/07/46508890/trump-signs-genius-act-ending-biden-era-crypto-probes-and-backing-industry-titans">set to introduce regulatory clarity for stablecoins</a>, is seen as another catalyst supporting Ethereum&#8217;s momentum.
Wall Street analysts like&nbsp;Tom Lee&nbsp;of&nbsp;Fundstrat&nbsp;predicted further gains for ETH, <a href="https://www.benzinga.com/crypto/cryptocurrency/25/07/46527426/ethereum-xrp-sol-surge-after-genius-act-whats-driving-the-altcoin-rally">citing targets of $4,000 in the near term</a> and $15,000 in the long term.
Price Action:&nbsp; At the time of writing, ETH was exchanging hands at $3713.95, down 0.97% in the last 24 hours, according to&nbsp;<a href="https://pro.benzinga.com/dashboard?_gl=1&#x2A;380nj0&#x2A;_ga&#x2A;MTEyOTAyOTcxMy4xNzEzMzY0NTYy&#x2A;_ga_V7ZK73W7N0&#x2A;MTcxNDk4MzIzMi42LjEuMTcxNDk4OTE0Ni4wLjAuMA.." target="_blank" rel="noreferrer noopener">data from Benzinga Pro</a>. Year-to-date, it has gained 11.50%. 
BTC was trading at 116,911, down 1.29% from the previous day. The apex cryptocurrency was up over 25% since 2025 began.
Read Next:&nbsp;
<ul class="wp-block-list">
<li><a href="https://benzinga.com/crypto/cryptocurrency/25/07/46535712/dave-ramsey-once-compared-bitcoin-and-other-cryptos-with-blackjack-and-cocaine-and-even-202" target="_blank" rel="noreferrer noopener">Dave Ramsey Once Compared Bitcoin And Other Cryptos With Blackjack And Cocaine — And Even 2025 Bull Run Hasn&#8217;t Changed His Mind</a></li>
</ul>
Photo Courtesy: VPLAB On Shutterstock.com
Disclaimer:&nbsp;This content was partially produced with the help of&nbsp;<a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a>&nbsp;and was reviewed and published by Benzinga editors.<a href="https://www.benzinga.com/apis?utm_source=benzinga.com&amp;utm_campaign=article-bottom" rel="noreferrer noopener" target="_blank"></a>

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

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Sell Ethereum Now? Peter Schiff Says 'Great Time' To Do So, Explains Why Investors Should Buy Bitcoin With Proceeds Instead

Piper Sandler analyst Alex Potter says President Donald Trump's new regulations over ZEV credits aren't "as bad as you think" for Elon Musk and Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>).
Check out the current price of <a href="https://benzinga.com/quote/tsla">TSLA stock here</a>
What Happened: In a new investor note released on Monday, Potter said the EV giant "received ~$3.5B in &#8216;free money&#8217; last year, representing roughly 100% of FY24 free cash flow," before adding that Trump's new ZEV regulation has people worried about possible threats to the Tesla revenue stream.
"In short, we think the answer is no, at least not in 2025," the analyst said. However, Potter did concede that the Trump administration's recent commitment to rescind EV incentives could have an impact in the future.
"Tesla will still book around $3B in credits this year, followed by $2.3B in 2026," the analyst said before reiterating a $400 Price Target for Tesla, an upside of over 20%.
The note also hailed <a href="https://www.benzinga.com/markets/tech/25/07/46511765/elon-musk-says-teslas-self-driving-tech-is-about-to-get-major-boost-from-austin-robotaxi-upgrades-step-change-improvement">Robotaxi operations</a> in Austin as well as the company's efforts to expand into other territories as a positive sign. "In our view, these favorable FSD-related developments are likely to overshadow any/all negative commentary arising from lower 2025/2026 estimates," the note said.
Why It Matters: The news comes as Trump's new regulations and the relaxation of CAFE or Corporate Average Fuel Economy norms <a href="https://www.benzinga.com/markets/tech/25/07/46258669/tesla-made-2-76-billion-from-zev-credits-in-2024-in-us-but-trumps-tax-bill-just-killed-this-revenue-stream">could cast doubt</a> over the company's ZEV revenue.
Tesla isn't the only company that risks losing the lucrative ZEV credit revenue, as Rivian Technologies Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RIVN#NASDAQ">RIVN</a>) could lose a <a href="https://www.benzinga.com/markets/tech/25/07/46385263/tesla-rival-rivian-could-lose-a-major-revenue-stream-due-to-a">$325 million stream of cash</a> influx into the company following Trump's new regulations.
The company also plans to expand the serviceable areas of its Robotaxi, with documents showing the EV giant's <a href="https://www.benzinga.com/markets/tech/25/07/46361254/elon-musks-robotaxi-push-expands-to-phoenix-as-tesla-seeks-arizona-approval">plans to enter Phoenix</a>, as well as Musk stating that the Robotaxi could be available in the <a href="https://www.benzinga.com/markets/tech/25/07/46337340/elon-musk-says-tesla-will-expand-robotaxi-services-to-san-francisco-bay-area-in-a-month-or-two">San Francisco Bay Area</a> pending regulatory approval.
The administration has taken other steps to curb EV incentives, like axing the <a href="https://www.benzinga.com/markets/tech/25/07/46289556/trumps-tax-bill-axes-the-7500-ev-credit-heres-how-you-can-still-claim-it">$7,500 EV credit</a>, which will end on September 30, 2025. Elsewhere, the president has also indicated that he could <a href="https://www.benzinga.com/markets/tech/25/06/45919154/trump-says-he-may-hike-auto-tariffs-again-to-boost-domestic-production-the-higher-you-go-they-build-a-plant-here">hike auto tariffs again</a> in a bid to boost domestic production.
<figure class="wp-block-image size-large"><a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound"><img loading="lazy" decoding="async" width="1024" height="202" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/21234721/TSLA-JUL-22-2025-1024x202.jpg" alt="" class="wp-image-994521" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/21234721/TSLA-JUL-22-2025-1024x202.jpg 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/21234721/TSLA-JUL-22-2025-300x59.jpg 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/21234721/TSLA-JUL-22-2025-768x151.jpg 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/21234721/TSLA-JUL-22-2025-1536x303.jpg 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/21234721/TSLA-JUL-22-2025.jpg 1557w" sizes="(max-width: 1024px) 100vw, 1024px" /></a></figure>
Tesla offers Satisfactory Momentum and Quality, while scoring well on the Growth metric, but offering poor Value. For more such insights, sign up for <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">Benzinga Edge Stock Rankings</a> today!
Check out more of Benzinga's Future Of Mobility coverage by<a href="https://www.benzinga.com/topic/mobility"> following this link.</a>
Read Next:
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<li><a href="https://www.benzinga.com/markets/tech/25/07/46512836/elon-musks-tesla-announces-3-million-model-3-units-sold-worldwide">Elon Musk&#8217;s Tesla Announces 3 Million Model 3 Units Sold Worldwide</a></li>
</ul>
Photo courtesy: Shutterstock

Trump's New ZEV Credit Regulations Aren't 'As Bad' For Elon Musk, Says Piper Sandler: 'Tesla Will Still Book Around $3 Billion…'

University of Michigan economist and former Obama White House advisor Betsey Stevenson issued a stark warning about the consequences of ending the Federal Reserve's independence.
What Happened: On Monday, in a post on X, Stevenson suggested that mortgage rates could rise significantly if the markets lose faith in the central bank&#8217;s ability to manage inflation. 
&#8220;End the independence of the Fed and get higher mortgage rates,&#8221; she said, while adding that &#8220;how high?&#8221; depends on whoever is better at predicting higher inflation rates, and this can be banks, investors, or borrowers. 
See Also: <a href="https://www.benzinga.com/markets/macro-economic-events/25/07/46491573/waller-fed-chair-trump-rate-cut-july">Trump&#8217;s Fed Pick? He&#8217;s Cutting First, And Cutting Powell Out</a>
Stevenson said this while quoting a post by Bloomberg columnist Matthew Yglesias, who expressed similar concerns that ousting Fed Chair Jerome Powell, in favor of &#8220;a lackey,&#8221; would not bring down mortgage rates. &#8220;The whole thing seems based on false premises to me,&#8221; he says.
<figure class="wp-block-embed aligncenter is-type-rich is-provider-twitter wp-block-embed-twitter"> 
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">End the independence of the Fed and get higher mortgage rates. How high? That depends on who will be better at predicting our higher inflation rates banks/investors or borrowers? <a href="https://t.co/NEXPpOigP0">https://t.co/NEXPpOigP0</a>
&mdash; Betsey Stevenson (@BetseyStevenson) <a href="https://twitter.com/BetseyStevenson/status/1947432023079186492?ref_src=twsrc%5Etfw">July 21, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
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Why It Matters: This comes amid escalating tensions between President Donald Trump and Powell, with <a href="https://www.benzinga.com/crypto/cryptocurrency/25/07/46449521/donald-trump-to-fire-jerome-powell-polymarket-traders-say-no-but">speculations rife</a> that the latter could be ousted from his position.
Trump has repeatedly stated his demands for a <a href="https://www.benzinga.com/markets/macro-economic-events/25/07/46213909/jerome-powell-says-trumps-tariffs-deterred-fed-from-easing-monetary-policy-july-decision-to-depend-on-data-wouldnt-take-any-meeting-off-the-table">1% interest rate</a>, accusing Powell of keeping rates &#8220;artificially high,&#8221; while the Powell-led Fed says that it was Trump&#8217;s tariffs that deterred it from easing monetary policies. 
Economist Peter Schiff has <a href="https://www.benzinga.com/news/25/04/45027556/after-powell-trumps-fed-nominee-will-be-a-loyal-soldier-says-peter-schiff-willing-to-sacrifice-the-dollar-create-inflation-as-needed">warned in the past</a> that Trump&#8217;s pick for a new Federal Reserve Chair would be &#8220;a loyal soldier,&#8221; someone who is &#8220;willing to sacrifice the dollar and create as much inflation as needed to monetize exploding debt to keep interest rates artificially low.&#8221; 
Photo Courtesy: Sichon on Shutterstock.com
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Read More: 
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/markets/macro-economic-events/25/07/46535742/ex-trump-advisor-judy-shelton-slams-federal-reserves-900-billion-losses-says-violates-the-norms-to-have-a-fed-chair-who-cant-be-fired">Ex-Trump Advisor Judy Shelton Slams Federal Reserve&#8217;s $900 Billion Losses, Says &#8216;Violates The Norms&#8217; To Have A Fed Chair Who Can&#8217;t Be Fired</a></li>
</ul>

Macro Economic Events

Economics

Federal Reserve

Obama-Era Economic Advisor Warns Ending Fed Independence Could Lead to 'Higher' Mortgage Rates: How High? — 'That Depends On...'

U.S. stocks experienced a positive trading session, with the Nasdaq climbing over 78 points or nearly 0.4% to 20,974.17. The Dow Jones Industrial Average was flat, falling 0.04% to 44,323.07, while the S&amp;P 500 rose by 0.1% to 6,305.60.
These are the top stocks that gained the attention of retail traders and investors throughout the day.
Opendoor Technologies Inc&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OPEN#NASDAQ">OPEN</a>)
Opendoor Technologies&#8217; stock surged by 42.67%, closing at $3.21. The stock reached an intraday high of $4.97 and a low of $2.62, with a 52-week range of $0.51 to $4.97. In the after-hours trading the shares rose 8.1%. The stock&#8217;s upward momentum was fueled by a <a href="https://www.benzinga.com/markets/equities/25/07/46536041/opendoor-rallies-8-10-in-after-hours-trading-why-is-the-stock-trending-tonight">viral social media post</a> that caught the attention of investors.
Verizon Communications Inc&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VZ#NYSE">VZ</a>)
Verizon&#8217;s shares increased by 4.04%, closing at $42.49. The stock&#8217;s intraday high and low were $43.08 and $41.68, respectively, with a 52-week range of $37.58 to $47.36. The rise followed the company&#8217;s <a href="https://www.benzinga.com/markets/earnings/25/07/46518842/verizons-premium-plans-drive-higher-profit-projections-after-solid-quarter">strong second-quarter results</a> and improved profit projections, driven by its wireless and broadband offerings. The second-quarter revenue touched $34.5 billion and the earnings per share of $1.22 beat the analyst consensus estimates of $1.19.
GameStop Corp&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GME#NYSE">GME</a>)
GameStop&#8217;s stock climbed 3.95% to close at $24.20. It hit an intraday high of $24.43 and a low of $23.05, with a 52-week range of $18.73 to $35.81. The stock&#8217;s movement was marked by&nbsp;<a href="https://www.benzinga.com/trading-ideas/movers/25/07/46530612/gamestop-stock-is-climbing-monday-whats-going-on">increased volatility</a>, despite the absence of specific news, following a week of fluctuations influenced by cryptocurrency markets.
Alphabet Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>)
Alphabet&#8217;s Class C shares rose by 2.80%, closing at $191.15. The stock recorded an intraday high of $191.26 and a low of $187.05, with a 52-week range of $142.66 to $208.70. The increase came after <a href="https://www.benzinga.com/trading-ideas/movers/25/07/46533783/google-parent-alphabet-stock-is-trading-higher-monday-whats-going-on">Morgan Stanley</a> maintained an Overweight rating on the stock and raised its price target.
Trump Media &amp; Technology Group Corp&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DJT#NASDAQ">DJT</a>)
Trump Media&#8217;s stock gained 3.11%, closing at $19.25. The stock reached an intraday high of $20.38 and a low of $19.14, with a 52-week range of $11.75 to $54.68. The stock&#8217;s rise was attributed to the company&#8217;s update on its Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) strategy, <a href="https://www.benzinga.com/trading-ideas/movers/25/07/46518216/trump-media-stock-rises-as-bitcoin-purchases-cross-2-billion">revealing a $2 billion accumulation</a> in the apex cryptocurrency and related securities.
Benzinga&#8217;s Edge Stock Rankings indicate Opendoor Technologies stock checks out on Short, Medium and Long Price Trends. Here is <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">how it fares</a> on other important metrics.
<figure class="wp-block-image size-full"><a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound"><img loading="lazy" decoding="async" width="443" height="281" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/21233618/Screenshot-2025-07-22-at-12.35.52.png" alt="" class="wp-image-994509" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/21233618/Screenshot-2025-07-22-at-12.35.52.png 443w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/21233618/Screenshot-2025-07-22-at-12.35.52-300x190.png 300w" sizes="(max-width: 443px) 100vw, 443px" /></a></figure>
Prepare for the day&#8217;s trading&nbsp;<a href="https://editorial.benzinga.com/wp-admin/Premarket%20Movers%20&amp;%20News">with top premarket movers and news</a>&nbsp;by Benzinga.
Photo Courtesy: T.Dallas on Shutterstock.com
Read Next:
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<li><a href="https://www.benzinga.com/etfs/broad-u-s-equity-etfs/25/07/46535966/peter-thiel-effect-cathie-wood-pours-175-million-into-bitmine-immersion-stock-as-founders-fund-backing-ethereum-spike-fuels-buzz">Peter Thiel Effect? Cathie Wood Pours $175 Million Into Bitmine Immersion Stock As Founders Fund Backing, Ethereum Spike Fuels Buzz</a></li>
</ul>
This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/author/shivdeep-dhaliwal" target="_blank" rel="noreferrer noopener">Shivdeep Dhaliwal</a>

OPEN

Opendoor, Verizon, Gamestop, Alphabet And Trump Media: Why These 5 Stocks Are On Investors' Radars Today

One in four Gen Z workers wishes they had skipped college or picked a higher‑paying major, and only about a third are happy with the choices they made, a new ResumeGenius poll, carried out this month, finds.
What Happened: The online survey of 1,000 full‑time Gen Z employees shows 23% regret going to college, 22% would pivot to fields like tech or finance, and just 32% say they'd change nothing about their education.
Career coaches say that shift reflects a market where degrees no longer guarantee jobs. "Many older generations had the luxury of living in a market where their college degree was practically a get-a-job-free card after graduation," said Kolby Goodman of Employed By Graduation, <a href="https://fortune.com/2025/07/20/gen-z-regrets-going-to-college/">speaking</a> to Fortune.
A separate Tallo report highlights the unease. Nearly two‑thirds of young adults aren't yet in their intended career, and one in four can't find work in the field they trained for. With entry‑level roles shrinking and AI reshaping tasks, "there's a lot more uncertainty and lack of guarantees," Goodman added.
See Also: <a href="https://www.benzinga.com/crypto/cryptocurrency/25/07/46535712/dave-ramsey-once-compared-bitcoin-and-other-cryptos-with-blackjack-and-cocaine-and-even-2025-bull-run-hasnt-changed-his-mind">Dave Ramsey Once Compared Bitcoin And Other Cryptos With Blackjack And Cocaine — And Even 2025 Bull Run Hasn&#8217;t Changed His Mind</a>
Cost is a prime driver of regret. The Education Data Initiative <a href="https://educationdata.org/average-cost-of-college">pegs</a> the average annual price of attending a four‑year college at $38,270, which is more than double what parents paid at the turn of the century. As bills climb, <a href="https://www.benzinga.com/25/05/45412478/4-3-million-gen-z-are-struggling-to-find-direction-in-a-tough-job-market-handshake-executive-says-gen-z-faces-a-particularly-uncertain-job-market">more than 4 million</a> Gen Zers remain unemployed or underemployed and blame their degrees for their predicament.
Why It Matters: Parents are responding. 70% of teens now say their families support alternatives such as apprenticeships or trade school, according to a recent American Student Assistance <a href="https://www.asa.org/wp-content/uploads/2025/05/Teens-Next-Steps-Research-Paper.pdf">poll</a>.
Even so, some majors still pay. The ResumeGenius study notes that STEM and health graduates report the highest satisfaction, while arts and humanities majors log the most regret. With tuition soaring and job security shaky, career counselors urge students to weigh earnings potential, debt loads and non‑degree options before signing a promissory note.
Read Next:
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/markets/tech/25/07/46535594/palmer-luckey-once-brutally-bashed-silicon-valleys-obsession-with-easy-cash-all-the-money-went-to-paying-people-to-do-things-that-were-a-waste-of-time">Palmer Luckey Once Brutally Bashed Silicon Valley&#8217;s Obsession With Easy Cash: &#8216;All The Money Went To Paying People To Do Things That Were A Waste Of Time&#8217;</a></li>
</ul>

Education

Degrees No Longer 'Get‑A‑Job‑Free' Cards, Shows Survey — Gen Z Has College Regrets, Here's Why

Cryptocurrency-based prediction platform is re-entering the U.S. market after acquiring a CFTC-regulated derivatives exchange, CEO Shayne Coplan said on Monday.
What Happened: Coplan announced via x that Polymarket has purchased the holding company of QCEX, a licensed derivatives exchange and clearinghouse for $112 million. 
&#8220;This paves the way for us to welcome American traders again,&#8221; Coplan said. &#8220;I&#8217;ve waited a long time to say this: Polymarket is coming home.&#8221;
<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">Polymarket has acquired QCEX, a CFTC-regulated exchange and clearinghouse, for $112 million. This paves the way for us to welcome American traders again. I&#39;ve waited a long time to say this: Polymarket is coming home &#x1f1fa;&#x1f1f8;&#x1f985; <a href="https://t.co/Qjd5ZbUwKi">pic.twitter.com/Qjd5ZbUwKi</a>
&mdash; Shayne Coplan &#x1f985; (@shayne_coplan) <a href="https://twitter.com/shayne_coplan/status/1947322129654927465?ref_src=twsrc%5Etfw">July 21, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
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A notice on Polymarket&#8217;s U.S. website indicated that the platform is preparing for launch and will be available to traders soon.
<figure class="wp-block-image size-full"><img loading="lazy" decoding="async" width="732" height="557" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/21223124/image-287.png" alt="" class="wp-image-994454" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/21223124/image-287.png 732w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/21223124/image-287-300x228.png 300w" sizes="(max-width: 732px) 100vw, 732px" /></figure>
See Also:&nbsp;<a href="https://benzinga.com/crypto/cryptocurrency/25/07/46516891/the-ether-machine-raises-1-5-billion-for-eth-investments" target="_blank" rel="noreferrer noopener">&#8216;The Ether Machine&#8217; Raises $1.5 Billion For ETH Investments</a>
Why It Matters: The announcement comes after a series of events that had previously hindered Polymarket&#8217;s operations in the country. In November 2024, the&nbsp;<a href="https://www.benzinga.com/markets/cryptocurrency/24/11/41959476/fbi-raids-polymarket-ceo-over-crypto-betting-platforms-us-activities-he-fires-back-in-the-face-of-adversity-we-build">FBI raided Coplan&#8217;s home</a>&nbsp;as part of a Justice Department investigation into allegations that the Polygon (CRYPTO: POL-based prediction platform allowed U.S.-based users to place bets in violation of regulatory agreements.
However, the <a href="https://www.benzinga.com/crypto/cryptocurrency/25/07/46422474/polymarket-home-free-as-trump-led-doj-closes-biden-initiated-probes">tide turned in its favor</a> after federal authorities, now under President Donald Trump, closed the Joe Biden-initiated probes into the company, reflecting a broader shift in U.S. regulatory posture toward digital assets.
The platform rose to prominence during last year&#8217;s election season,&nbsp; with over $3 billion&nbsp;<a href="https://polymarket.com/event/presidential-election-winner-2024" target="_blank" rel="noreferrer noopener">wagered&nbsp;</a>on the outcome of the presidential race between Trump and&nbsp;Kamala Harris. The platform accurately predicted Trump&#8217;s victory, but concerns about <a href="https://www.benzinga.com/markets/cryptocurrency/24/10/41434026/mark-cuban-dismisses-polymarket-election-odds-as-meaningless-most-of-the-money-is-foreign" target="_blank" rel="noreferrer noopener">foreign influence and market manipulation</a> dominated headlines.
Notably, Coplan <a href="https://www.benzinga.com/markets/cryptocurrency/25/03/44185814/polymarket-ceo-who-was-raided-by-the-fbi-on-allegations-of-regulatory-violations-gets-invited-to-white-house-crypto-summit">attended the first-ever White House Crypto Summit</a> earlier this year, an intimate gathering of prominent figures from the cryptocurrency sector.
Photo Courtesy: T. Schneider on Shutterstock.com
Read Next:&nbsp;
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/crypto/cryptocurrency/25/07/46510518/trump-family-crypto-business-nabs-26-million-profit-from-quarter-billion-ethereum-stake">Trump Family Crypto Business Nabs $26 Million Profit From Quarter-Billion Ethereum Stake</a></li>
</ul>

Polymarket Says Its 'Coming Home' To The US After Buying CFTC-Regulated Exchange: CEO Sees Clear Path To 'Welcome American Traders' Again

Opendoor Technologies Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OPEN#NASDAQ">OPEN</a>) stock is trending on Monday, following a viral social media post.&nbsp;
Check out how&nbsp;<a href="https://www.benzinga.com/quote/OPEN">OPEN stock is trading here</a>.
What Happened: Opendoor Technologie stock price surged to $3.21 on Monday, marking a 42.67% increase. The <a href="https://www.google.com/finance/quote/OPEN:NASDAQ?sa=X&amp;ved=2ahUKEwjQvaboqs-OAxVSUGwGHYKqDEcQ3ecFegQIOxAb">after-hours</a> price was recorded at $3.47, reflecting an 8.10% rise.
The surge in the U.S.-based real‑estate company stock price is part of a broader trend of retail investor interest driving up share prices. On Monday, the stock soared as much as 115% in an intraday rally, triggering a volatility-related halt.
See Also: <a href="https://benzinga.com/markets/cryptocurrency/25/03/44348215/bitcoin-whale-takes-332-million-short-position-heres-where-it-gets-liquidated">Bitcoin Whale Gambles With $332 Million Short Position, Here's Where It Gets Liquidated &#8211; Benzinga</a>
Eric Jackson, a hedge fund manager, <a href="https://www.benzinga.com/real-estate/25/07/46522335/opendoor-stock-frenzy-continues-is-40-per-share-the-next-stop">stirred up the market</a> last week with a viral social media post suggesting that Opendoor&#8217;s stock price could increase to $82 per share. This has further fueled the frenzy around Opendoor&#8217;s stock.
Why It Matters: Despite an uncertain financial outlook and macroeconomic headwinds facing the housing market, Opendoor&#8217;s stock has continued to rise. The momentum appears to be driven by <a href="https://www.benzinga.com/trading-ideas/movers/25/07/46530375/opendoor-stock-is-soaring-monday-whats-going-on">retail investor interest</a>, with shares seeing abnormally high volume.
Analysts have noted that the <a href="https://www.benzinga.com/trading-ideas/technicals/25/07/46533193/stock-of-the-day-where-will-the-opendoor-rally-end">stock is extremely overbought</a>, and it is getting close to a price that had previously been a peak. This has led to questions about where the Opendoor rally will end, with some suggesting that the <a href="https://www.benzinga.com/trading-ideas/movers/25/07/46530375/opendoor-stock-is-soaring-monday-whats-going-on">stock is worth $40 now</a>.
Despite the uncertainty, Opendoor&#8217;s stock continues to soar, with the after-hours trading on Monday marking an increase in the company&#8217;s stock valuePrice Action: MP stock closed up at 19.99% at $58.22 during <a href="https://www.benzinga.com/quote/MP">regular trading hours</a> on July 15.
Price Action: OPEN stock closed up at 42.67% at $3.21 during <a href="https://www.benzinga.com/quote/OPEN">regular trading hours</a> on July 21.
With a strong Momentum in the 81st percentile, Benzinga&#8217;s Edge Stock Rankings indicate, Opendoor Technologies stocks have positive trends across all time frames. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">Additional performance details are available here</a>.
<figure class="wp-block-image size-full"><a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound"><img loading="lazy" decoding="async" width="855" height="146" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/21222523/Screenshot-2025-07-22-075504.png" alt="" class="wp-image-994448" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/21222523/Screenshot-2025-07-22-075504.png 855w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/21222523/Screenshot-2025-07-22-075504-300x51.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/21222523/Screenshot-2025-07-22-075504-768x131.png 768w" sizes="(max-width: 855px) 100vw, 855px" /></a></figure>
Read Next: <a href="https://benzinga.com/markets/cryptocurrency/22/11/29848650/bankrupt-ftx-seeks-court-nod-to-let-bitgo-safeguard-remaining-assets-to-pay-5m-fee-upfront">Bankrupt FTX Seeks Court Nod To Let BitGo Safeguard Remaining Assets, To Pay $5M Fee Upfront &#8211; Benzinga</a>
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo: Around the World Photos Via Shutterstock.com

Opendoor Rallies 8.10% In After-Hours Trading — Why Is The Stock Trending Tonight?

U.S. tech giants Mark Zuckerberg-led Meta Platforms, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>), Elon Musk's X, formerly Twitter and Microsoft Corporation's (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>) LinkedIn are reportedly fighting back against a tax case in Italy that could reshape how digital services are taxed across the European Union.
What Happened: Meta, X and LinkedIn have filed an appeal against a landmark value-added taxes demand issued by Italian authorities, reported Reuters on Monday, citing four sources with direct knowledge of the matter.
Italian authorities argue that free access to social media platforms in exchange for users&#8217; personal data constitutes a taxable transaction under VAT laws. This marks the first time Italy has moved beyond settlement talks with tech companies and into formal litigation.
Italy is seeking €887.6 million ($1.03 billion) from Meta, €12.5 million from X and about €140 million from LinkedIn.
See Also: <a href="https://www.benzinga.com/trading-ideas/movers/25/07/46400815/meta-commits-hundreds-of-billions-to-build-massive-ai-clusters-in-race-for-superintelligence">Meta Commits &#8216;Hundreds Of Billions&#8217; To Build Massive AI Clusters In Race For Superintelligence</a>
Meta pushed back, telling the publication it has "cooperated fully with the authorities" but "strongly disagrees with the idea that providing access to online platforms to users should be subject to VAT." LinkedIn said it had "nothing to share at this time."
Why It's Important: The case could impact a wide range of businesses beyond social media—from airlines to supermarkets—that offer free services in exchange for data or cookie consent, the report said.
Italy plans to seek advisory guidance from the European Commission's VAT Committee in November, with a formal opinion expected by spring 2026.
If Italy's interpretation is upheld, the legal precedent could transform how digital services are taxed throughout the 27-nation EU.
The case has gained added significance amid <a href="https://www.benzinga.com/markets/macro-economic-events/25/07/46388874/eu-prepares-24-5b-in-tariffs-as-trump-threatens-30-import-tax-on-mexico-europe">broader trade tensions</a> between the EU and the U.S. under President Donald Trump&#8217;s administration.
According to Benzinga&#8217;s Edge Stock Rankings, META demonstrates consistent upward momentum over short, medium and long-term periods. While the company&#8217;s growth indicators are strong, its value rating is relatively lower. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-4/#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">Additional performance details can be found here</a>.
<figure class="wp-block-image size-full"><a href="https://www.benzinga.com/premium/ideas/benzinga-edge-4/#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound"><img decoding="async" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/21224715/Screenshot-2025-07-22-at-8.16.20%E2%80%AFAM.png" alt="" class="wp-image-994469" /></a></figure>
Read Next:
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<li><a href="https://www.benzinga.com/markets/tech/25/07/46434602/mark-zuckerbergs-meta-poaches-top-openai-researchers-jason-wei-and-hyung-won-chung-for-its-superintelligence-lab-report" target="_blank" rel="noreferrer noopener">Mark Zuckerberg&#8217;s Meta Poaches Top OpenAI Researchers Jason Wei And Hyung Won Chung For Its Superintelligence Lab: Report</a></li>
</ul>
Photo Courtesy: Viktollio on Shutterstock.com
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

MSFT

Mark Zuckerberg's Meta And Elon Musk's X Fight Back Against Efforts By Italy To Tax Free Access To Social Media In Exchange For Users' Personal Data

Ark Invest, led by Cathie Wood, made significant trades on Monday. Notably, the firm increased its stake in Bitmine Immersion Technologies Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BMNR#NYSE">BMNR</a>) and Advanced Micro Devices Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>) while reducing its holdings in Coinbase Global Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COIN#NASDAQ">COIN</a>) and Block Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XYZ#NYSE">XYZ</a>). These trades reflect Ark&#8217;s strategic adjustments amid evolving market conditions.
The Bitmine Immersion Trade: Ark Invest made a substantial investment in Bitmine Immersion through Ark Fintech Innovation ETF (BATS:<a class="ticker" href="https://www.benzinga.com/stock/ARKF#BATS">ARKF</a>), ARK Innovation ETF (BATS:<a class="ticker" href="https://www.benzinga.com/stock/ARKK#BATS">ARKK</a>), and ARK Next Generation Internet ETF (BATS:<a class="ticker" href="https://www.benzinga.com/stock/ARKW#BATS">ARKW</a>). This move comes after Bitmine&#8217;s Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>) holdings surpassed $1 billion recently, following a $250 million private placement. Ark&#8217;s acquisition of over 4.4 million shares highlights its confidence in Bitmine&#8217;s strategic pivot to an Ethereum treasury strategy. The total value of this purchase amounts to approximately $174.9 million, based on the latest closing price of $39.57. In the last 30 days, BMNR stock has shot up a whopping 799.3%. The stock has been on a tear after Peter Thiel's Founders Fund Growth II Management <a href="https://www.benzinga.com/trading-ideas/movers/25/07/46432615/bitmine-immersion-technologies-stock-surges-after-hours-whats-going-on">disclosed a 9.1% stake</a> in the company.
The Coinbase Trade: Ark Invest reduced its position in Coinbase Global Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COIN#NASDAQ">COIN</a>) on July 21, selling shares across ARKF, ARKK, and ARKW. This decision follows Coinbase&#8217;s recent surge to a new 52-week high, driven by a bullish analyst revision and positive legislative developments. Analyst Chris Brendler from Rosenblatt recently <a href="https://www.benzinga.com/trading-ideas/movers/25/07/46473148/coinbase-global-stock-hit-a-new-52-week-high-today-whats-going-on">raised his price target</a> for Coinbase to $470, reflecting increased confidence in the company&#8217;s market position. Ark&#8217;s sale of 218,986 shares is valued at approximately $90.6 million, based on the latest closing price of $413.63.
The Block Trade: On the same day, Ark Invest also decreased its stake in Block Inc. (XYZ) within its ARKF ETF. Block&#8217;s shares have been on the rise, gaining 15.5% over the last 5 days as the Jack Dorsey-led company <a href="https://www.benzinga.com/crypto/cryptocurrency/25/07/46511361/jack-dorseys-block-with-over-1-billion-in-bitcoin-holdings-set-to-join-sp-500-shares-pop-8-in-overnight-trading">prepares to join the S&amp;P 500</a>. Over the last 24-hours, the stock has moved up 7.22%. This move underscores Block&#8217;s growing influence in the fintech space, bolstered by its significant Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) holdings. Ark&#8217;s sale of 90,061 shares is valued at approximately $70.3 million, based on the $78.08 closing price.
The AMD Trade: Ark Invest showed confidence in the chipmaker by purchasing shares for its ARKF and ARKW ETFs. Investment expert Jim Cramer recently endorsed AMD, highlighting its positive trajectory amid a volatile tech sector. Ark&#8217;s acquisition of 32,846 shares is valued at approximately $5.16 million, based on the $157 closing price.
Other Key Trades:
<ul class="wp-block-list">
<li>Sold 109,824 shares of Robinhood Markets Inc. (HOOD) via ARKW worth $11.5 million.</li>
<li>Sold shares of Roblox Corp (RBLX) across ARKF, ARKK, and ARKW.</li>
<li>Bought shares of DoorDash Inc (DASH) in ARKW and ARKF.</li>
<li>Bought shares of Airbnb Inc (ABNB) in ARKW.</li>
<li>Bought 4,161 shares of Deere &amp; Co (DE) in ARKX.</li>
</ul>
Photo Courtesy: ChrisStock82 on Shutterstock.com
Read Next: 
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/markets/equities/25/07/46511459/nyu-professor-warns-companies-against-moving-cash-into-bitcoin-unless-youre-strategy-paypal-or-a-meme-stock-this-is-a-bad-idea">NYU Professor Warns Companies Against Moving Cash Into Bitcoin — Unless You&#8217;re Strategy, PayPal, Or A Meme Stock: &#8216;This Is A Bad Idea&#8217;</a></li>
</ul>
This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/author/shivdeep-dhaliwal" target="_blank" rel="noreferrer noopener">Shivdeep Dhaliwal</a>

ETFs

ABNB

ARKF

ARKK

ARKW

BMNR

COIN

DASH

HOOD

Peter Thiel Effect? Cathie Wood Pours $175 Million Into Bitmine Immersion Stock As Founders Fund Backing, Ethereum Spike Fuels Buzz

Leading cryptocurrencies rose Monday amid President Donald Trump-owned company's $2 billion Bitcoin purchase announcement.
<figure class="wp-block-table"> 
<table class="has-fixed-layout">
<thead>
<tr>
<th>Cryptocurrency</th>
<th>Gains +/-</th>
<th>Price (Recorded at 9:30 p.m. ET)</th>
</tr>
</thead>
<tbody>
<tr>
<td>Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>)</td>
<td>+0.59%</td>
<td>$117,892</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>$3,797.00</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>+2.42%</td>
<td>$0.2732</td>
</tr>
</tbody>
</table>
</figure>
What Happened: Bitcoin fell from highs of $119,000 to an intraday low of $116,233. The apex cryptocurrency has slipped 1.39% over the last week as the fervent rally cools off.
In a notable development, Trump Media &amp; Technology Group Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DJT#NASDAQ">DJT</a>) revealed that it has accumulated <a href="https://www.benzinga.com/trading-ideas/movers/25/07/46518216/trump-media-stock-rises-as-bitcoin-purchases-cross-2-billion">approximately&nbsp;$2 billion&nbsp;in Bitcoin</a> and Bitcoin-related securities
Meanwhile, Ethereum surpassed $3,800 for the first time in over seven months, wiping off nearly all of its losses since the mid-December pullback.
Cryptocurrency liquidations hit nearly $500 million in the last 24 hours, with $268 million in upside bets wiped out.&nbsp;
That said, about $512 million worth of Bitcoin short positions risked liquidation if the apex cryptocurrency rebounded to $120,000.
Bitcoin's open interest rose 1.48% in the last 24 hours. Ethereum's open interest jumped 3.95% to an all-time high of $58 billion.&nbsp;
Over 50% of Binance traders with open BTC positions were betting on the coin's increase, according to the Long/Short Ratio.
Top Gainers (24 Hours)
<figure class="wp-block-table"> 
<table class="has-fixed-layout">
<thead>
<tr>
<th>Cryptocurrency</th>
<th>Gains +/-</th>
<th>Price (Recorded at 9:30 p.m. ET)</th>
</tr>
</thead>
<tbody>
<tr>
<td>Pudgy Penguins (PENGU)</td>
<td>+22.39%</td>
<td>$0.03782</td>
</tr>
<tr>
<td>Kaspa (KAS)&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</td>
<td>+19.55%</td>
<td>$0.1162</td>
</tr>
<tr>
<td>Raydium (RAY)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</td>
<td>+15.81%</td>
<td>$3.32 </td>
</tr>
</tbody>
</table>
</figure>
The global cryptocurrency market capitalization stood at $3.90 trillion, following a modest 0.69% increase in the last 24 hours.
Stocks continued to hit record levels. The S&amp;P 500 rose 0.14% to close at 6,305.60, marking its first close above $6,300 in history. The tech-heavy Nasdaq Composite jumped 0.38% to a closing record of 20,974.17. The Dow Jones Industrial Average was the outlier, falling 19.12 points, or 0.04%, to end at 44,323.07.
Investors are looking forward to big-ticket earnings this week, including those from Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) and Alphabet Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>).&nbsp;
See More: <a href="https://www.benzinga.com/money/best-crypto-scanners">Best Cryptocurrency Scanners</a>
Analyst Notes: Blockchain analytics firm CryptoQuant noted that the Spent Output Profit Ratio Indicator for long-term holders has reached its 2025 highs, signaling increased profit-taking by diamond hands. When this indicator rises over 4, it suggests a macro top.&nbsp;
"At the moment, the indicator is slightly above 2.5, which reinforces the thesis that there is space for further appreciation before a possible exhaustion of the upward cycle," CryptoQuant added.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">SOPR Long Term Holders Reach New Highs in 2025 "Historically, when the SOPR LTH reaches the region above 4.0, marked in red on the chart, we have clear signs of a macro top." – By <a href="https://twitter.com/gaah_im?ref_src=twsrc%5Etfw">@gaah_im</a> Link &#x2935;&#xFE0F;<a href="https://t.co/1rMwiMDGCq">https://t.co/1rMwiMDGCq</a> <a href="https://t.co/WHf4zqsBij">pic.twitter.com/WHf4zqsBij</a>
&mdash; CryptoQuant.com (@cryptoquant_com) <a href="https://twitter.com/cryptoquant_com/status/1947369485309972698?ref_src=twsrc%5Etfw">July 21, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Widely followed cryptocurrency analyst and trader Michaël van de Poppe drew attention to Bitcoin's ongoing consolidation phase, with liquidity taken on both sides of the $116,800-$119,500 range.
"Break above $119,500 = new ATH. Break south of $116,800 = $111,000 buy the dip opportunity," the analyst projected.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Liquidity on both sides have been taken for <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw">#Bitcoin</a>. That&#39;s going to mean that we&#39;re waiting for a clear direction. Volatility is going down, matter of time until it picks up. Break above $119.5K = new ATH. Break south of $116.8K = $111K buy the dip opportunity. <a href="https://t.co/tku5qccobH">pic.twitter.com/tku5qccobH</a>
&mdash; Michaël van de Poppe (@CryptoMichNL) <a href="https://twitter.com/CryptoMichNL/status/1947356399492903184?ref_src=twsrc%5Etfw">July 21, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Photo Courtesy: Yalcin Sonat On Shutterstock.com
Read Next:&nbsp;&nbsp;&nbsp;&nbsp;
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/crypto/25/07/46532411/nfl-player-who-took-salary-in-bitcoin-says-crypto-can-create-wealth-in-years-what-took-your-grandparents-a-lifetime-to-build">NFL Player Who Took Salary In Bitcoin Says Crypto Can Create Wealth In Years: &#8216;What Took Your Grandparents A Lifetime To Build…&#8217;</a></li>
</ul>

$DOGE

Bitcoin Rises Amid Trump Media's Massive Purchase, But Ethereum, Dogecoin Score Greater Gains: Analyst Sees New BTC All-Time High If It Breaks Past This Level

Economist Judy Shelton, a former advisor to President Donald Trump during his first term and senior fellow at the Independent Institute, delivered a sweeping critique of the Federal Reserve on Monday.
What Happened: Aligning herself with the former Fed Governor Kevin Warsh's call for &#8220;monetary regime change,&#8221; Shelton called for a structural overhaul, while questioning the very notion of central bank independence.
Shelton argued that the challenges facing the Fed go far beyond short-term rate decisions, pointing to systemic issues within the institution itself. &#8220;We&#8217;re really looking at much deeper problems at the Federal Reserve, its models, its constructs, the way the Federal Reserve staff choreographs the meeting,&#8221; she said.
See Also: <a href="https://www.benzinga.com/news/politics/25/07/46512871/trump-says-he-doesnt-need-scott-bessents-advice-to-fire-jerome-powell-i-know-better-than-anybody-whats-good-for-the-market">Trump Says He Doesn&#8217;t Need Scott Bessent&#8217;s Advice To Fire Jerome Powell: &#8216;I Know Better Than Anybody What&#8217;s Good For The Market&#8217;</a>
She further emphasized the need for the Fed to be integrated into a broader economic and national security strategy. Shelton also challenged the long-standing defense of the Fed&#8217;s independence, calling it outright undemocratic.
&#8220;It violates the norms of democratic governance to have the head of a federal agency… who cannot be fired by anyone, by Congress, by the president, by anyone,&#8221; she says.
Highlighting the current dysfunction at the Fed, Shelton pointed to the operating losses the institution has incurred since September 2022, while highlighting the &#8220;over $900 billion in unrealized capital losses in its own portfolio.&#8221;
Among her strongest critiques involved the Fed&#8217;s policy of paying commercial banks to hold reserves rather than lend, which she says suppresses productive investment. &#8220;If you pay banks more to keep their money sitting risk-free at the Federal Reserve at a very hefty interest rate, that becomes a more lucrative use of their money than to make loans.&#8221;
The Federal Reserve did not immediately respond to Benzinga&#8217;s request for a comment on the matter. This story will be updated as soon as we receive a response.
Why It Matters: This comes amid growing speculations surrounding the ouster of Fed Chair Jerome Powell &#8220;for cause,&#8221; regarding a $2.5 billion <a href="https://www.benzinga.com/markets/macro-economic-events/25/07/46485087/jerome-powell-defends-2-5-billion-fed-hq-overhaul-says-no-vip-dining-rooms-no-private-elevators-as-trump-allies-slam-project-over-versailles-style-excess">headquarters renovation project</a>. 
Recently, Sen.&nbsp;Ted Cruz&nbsp;(R-Texas) made a push for abolishing <a href="https://www.benzinga.com/markets/macro-economic-events/25/06/45855937/jeremy-siegel-backs-ted-cruzs-plan-to-end-fed-interest-payments-on-excess-reserves-potentially-saving-2-trillion-in-deficits-not-a-trivial-concern">interest on reserve balances (IORB)</a> over a month ago, saying that it would save $2 trillion worth of deficits over the next decade.
Cruz&#8217;s push received the backing of senior economist Jeremy Siegel, who said, &#8220;This is not a trivial concern. The Fed&#8217;s shift from a profit-contributing institution to a deficit-expanding one may provoke greater scrutiny of its operating framework.&#8221;
Photo Courtesy: RozenskiP On Shuttertsock.com
Read More: 
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/markets/bonds/25/07/46488992/us-dollar-can-lose-its-supremacy-premium-if-fed-interferes-with-bond-market-currencies-are-release-valve-for-unsustainable-fiscal-policy">US Dollar Can Lose Its &#8216;Supremacy Premium&#8217; If Fed Interferes With Bond Market: Currencies Are &#8216;Release Valve For Unsustainable Fiscal Policy&#8217;</a></li>
</ul>

Government

Regulations

Ex-Trump Advisor Judy Shelton Slams Federal Reserve's $900 Billion Losses, Says 'Violates The Norms' To Have A Fed Chair Who Can't Be Fired

The escalating tensions between France and major tech firms took a new turn this week, as Telegram co-founder Pavel Durov criticized the country for its <a href="https://www.benzinga.com/news/24/08/40542542/elon-musk-reacts-as-telegram-founder-gets-arrested-in-france-reportedly-faces-20-years-in-prison-on">legal approach</a> toward platforms like Elon Musk's X, formerly Twitter.
What Happened: On Monday, X revealed that French authorities had launched a criminal investigation into the platform, accusing it of algorithm manipulation and "fraudulent data extraction."
The company called the probe politically motivated and said it was instigated by French lawmaker Eric Bothorel.
X further alleged that the government had granted itself sweeping powers by classifying the platform as an "organized gang," a legal designation typically reserved for criminal networks.
"X believes that this investigation is distorting French law in order to serve a political agenda and, ultimately, restrict free speech," X said in a statement. The company said it declined to comply with France's data request, citing concerns over fairness and due process.
Also Read:&nbsp;<a href="https://www.benzinga.com/news/topics/25/07/46383701/apple-undergoing-major-management-overhaul-but-ceo-tim-cook-to-stay-on" target="_blank" rel="noreferrer noopener">Apple Undergoing Major Management Overhaul, But CEO Tim Cook To Stay On</a>
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">French authorities have launched a politically-motivated criminal investigation into X over the alleged manipulation of its algorithm and alleged "fraudulent data extraction." X categorically denies these allegations. This investigation, instigated by French politician Eric…
&mdash; Global Government Affairs (@GlobalAffairs) <a href="https://twitter.com/GlobalAffairs/status/1947213316331282504?ref_src=twsrc%5Etfw">July 21, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Bothorel defended the French judiciary's independence, saying, "The absence of responsibility and oversight endangers freedom just as much as prohibitions and censorship do," reported Reuters.
Telegram's CEO Durov, who holds French nationality, weighed in on the development, writing on X, "At this point, any tech company can be declared a ‘criminal gang' in France."
He warned that years of effort to attract tech investment are being undone by "a few bureaucrats advancing their careers and political agendas."
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">At this point, any tech company can be declared a "criminal gang" in France. A decade of efforts to attract tech investment is being undone by a few bureaucrats advancing their careers and political agendas — at the expense of the French people. <a href="https://t.co/16DABZwCkz">https://t.co/16DABZwCkz</a>
&mdash; Pavel Durov (@durov) <a href="https://twitter.com/durov/status/1947418273223741539?ref_src=twsrc%5Etfw">July 21, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Why It's Important: The controversy highlights growing friction between European governments and global tech platforms over privacy, content moderation and regulatory power.
Durov's reaction carries added weight following his <a href="https://www.benzinga.com/news/24/09/40674919/after-russian-presidents-ally-slams-us-for-pavel-durovs-arrest-kremlin-minister-says-telegram-ceo-wa">own arrest in France</a> in 2024 over Telegram's alleged failure to moderate criminal content. Though he denies wrongdoing, his detention marked the first time a tech CEO was arrested over user activity on a platform.
Photo Courtesy: Ahyan Stock Studios on Shutterstock.com
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Elon Musk's X Accused Of Algorithm Manipulation And 'Fraudulent Data Extraction' In France: Telegram's Pavel Durov Says Any Tech Company Can Now Be Called A 'Criminal Gang'

Personal finance guru Dave Ramsey has long been a critic of cryptocurrency investments, and even the blockbuster bull run of 2021 failed to sway his opinion on the asset class.
What happened: Back in April 2021, a caller on his popular radio program, &#8220;The Ramsey Show,&#8221; inquired about his thoughts on cryptocurrency and how to deal with the FOMO of investing in the asset class.
This was when the market, driven by Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>), was experiencing a record-breaking bull run, with the price of the apex cryptocurrency shooting up 106% year-to-date.
It [cryptocurrency] had an incredible year. People made a lot of money out of this year. Without a doubt, no question about that," Ramsey replied. "But they make a lot of money on cocaine, too. They make a lot of money playing futures, and they make a lot of money at the blackjack table."
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Ramsey implied that cryptocurrencies like Bitcoin and Dogecoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/doge/usd">DOGE</a>) are not investment strategies but rather "things that you can jump into or jump out of," which carry extremely high risk.
He advised the user to avoid such bets "if they don't want to start over" and stick to safer investments such as mutual funds.
"But you&#8217;re not going to convince friends who are making a bunch of money that they&#8217;re stupid. Just let them be stupid and smile," Ramsey added.
See Also:<a href="https://www.benzinga.com/25/04/44621245/gold-backed-cryptos-match-yellow-metals-highs-following-trumps-liberation-day-shock"> </a><a href="https://www.benzinga.com/crypto/cryptocurrency/25/07/46511527/bitcoin-flat-as-1-billion-whale-move-sparks-speculation-ethereum-dogecoin-spike-analyst-says-btcs-next-leg-up-will-pump-it-above-130000">Bitcoin Flat As $1 Billion Whale Move Sparks Speculation, Ethereum, Dogecoin Spike: Analyst Says BTC&#8217;s Next Leg Up Will Pump It Above $130,000</a>
At the time, one Bitcoin cost $55,681.79. Fast forward to July 2025, when the top cryptocurrency has surpassed $123,000 and is consolidating in the early $119,000s as of this writing. This equates to returns of more than 2x in just over four years.
But despite all of this, Ramsey has remained steadfast in his skepticism. He recently <a href="https://www.benzinga.com/personal-finance/25/04/44928472/dave-ramsey-urges-a-caller-to-sell-crypto-to-pay-off-debt-the-only-track-record-crypto-has-is-extreme-volatility">advised a couple to offload their cryptocurrency</a> to settle their debt, stating, "The only track record crypto has is extreme volatility."
He questioned their expectations of an impending bull run, asking, &#8220;What happens if Trump burps again?&#8221; referring to the <a href="https://www.benzinga.com/personal-finance/25/04/44703777/bitcoin-falls-to-81k-after-trumps-tariffs-is-a-violent-reversal-coming">potential pitfalls</a> of President Donald Trump's economic policies.
Price Action:&nbsp; At the time of writing, XRP was exchanging hands at $119,365, up 1.25% in the last 24 hours, according to <a href="https://pro.benzinga.com/dashboard?_gl=1&#x2A;380nj0&#x2A;_ga&#x2A;MTEyOTAyOTcxMy4xNzEzMzY0NTYy&#x2A;_ga_V7ZK73W7N0&#x2A;MTcxNDk4MzIzMi42LjEuMTcxNDk4OTE0Ni4wLjAuMA..">data from Benzinga Pro</a>. Year-to-date, the coin has rallied over 25%.
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Photo Courtesy: PV productions on Shutterstock

Dave Ramsey Once Compared Bitcoin And Other Cryptos With Blackjack And Cocaine — And Even 2025 Bull Run Hasn't Changed His Mind

In a conversation last year, defense tech entrepreneur Palmer Luckey criticized Silicon Valley's obsession with "easy money" ventures, saying a tighter funding environment is finally forcing founders to solve real-world problems.
What Happened: Appearing on Bloomberg's The Circuit in May 2024, Luckey, the founder of Anduril Industries, reflected on the dramatic shift in the tech startup landscape as zero interest rates faded and funding dried up.
"There's a lot of companies that shouldn't have existed. They never should have been funded," Luckey told host Emily Chang. "All that money went to paying people to do things that were a waste of time."
He cited examples like crypto art and the glut of delivery apps as symptoms of the excess, adding, "Now that money has become harder to come by, you know what [founders] are working on? They're working on energy, they're working on national security, they're working on transportation."
Chang replied, "So it's time to build," to which Luckey responded, "It's time to build."
See Also: <a href="https://www.benzinga.com/news/topics/25/07/46506798/oculus-founder-palmer-luckeys-lord-of-the-rings-inspired-digital-bank-hits-2-billion-valuation-with-b">Oculus Founder Palmer Luckey&#8217;s &#8216;Lord Of The Rings&#8217;-Inspired Digital Bank Hits $2 Billion Valuation With Backing From Founders Fund</a>
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Why It&#8217;s Important: Luckey's remarks echoed a broader reckoning in the startup ecosystem triggered by the Federal Reserve's interest rate hikes in 2022–2023, ending over a decade of "easy money."
As PBS <a href="https://www.pbs.org/wgbh/frontline/article/silicon-valley-bank-federal-reserve/">reported</a> in 2023, Silicon Valley Bank collapsed under pressure from those rate hikes, revealing the fragility of tech's overdependence on cheap loans and venture capital.
In its documentary, PBS noted how loose monetary policy since the <a href="https://www.benzinga.com/markets/economic-data/25/06/46115112/ai-panic-feels-like-2008-global-financial-crisis-all-over-again-shapiro-says-as-retail-sales-plunge-4">2008 financial crisis</a> led to inflated valuations and unsustainable business models. As Warren Buffett famously said, "Only when the tide goes out do you learn who's been swimming naked."
CNBC similarly <a href="https://www.cnbc.com/2022/05/18/what-comes-after-easy-money-era-ends-for-cash-burning-tech-companies.html">reported</a> in 2022 that venture capital deal terms are now tighter, valuations have corrected and many startups are turning to down rounds or convertible notes.
Growth at all costs has given way to growth with discipline—and Luckey believes that's a long-overdue correction.
Founders who once burned millions chasing market share are now being asked to prove sustainability, profitability, and purpose—trends that may redefine the next era of Silicon Valley.
Photo Courtesy: janews on Shutterstock.com
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Palmer Luckey Once Brutally Bashed Silicon Valley's Obsession With Easy Cash: 'All The Money Went To Paying People To Do Things That Were A Waste Of Time'

Financial personality Grant Cardone has shared a bunch of hot takes throughout his career, including his latest tidbit about 401(k) and IRA plans. He refers to these retirement accounts as "<a href="https://www.tiktok.com/@grantcardone/video/7525905685792541965?lang=en">the biggest scam</a>" in finance.&nbsp;
Cardone is bound to get some resistance since these accounts have been touted as valuable investment vehicles for many years. However, Cardone expands on his argument in a way that will leave some people considering alternative strategies to save money for retirement.
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<h2 class="wp-block-heading">You Can't Get Out</h2>
Cardone asserts that retirement plans make you a prisoner to the bank since you can't withdraw your money at any time. You must be at least 59 ½ years old before you can make penalty-free withdrawals. Some people would benefit a lot more if they could access the same money sooner.
Cardone also mentions that there's a lot of friction on your way out. You will have to pay income taxes on any withdrawals you make from a traditional retirement account. The tax rates can get quite high depending on where you live.
Most people know that if you avoid taxes on retirement account contributions, you will have to pay taxes when you make withdrawals. The opposite applies to Roth retirement accounts. These accounts tax you on the way in, but you don't pay any taxes on withdrawals,&nbsp; capital gains, or dividends.&nbsp;
You also have to make required minimum distributions, which the IRS defines, in case you get any ideas about hoarding money in your retirement accounts to prolong your tax payments. The IRS only has RMDs in place for traditional retirement accounts. Roth accounts get a free pass from this rule.
Trending: Named a TIME Best Invention and Backed by 5,000+ Users, Kara's Air-to-Water Pod Cuts Plastic and Costs — <a href="https://www.benzinga.com/money/americans-spend-1000-per-year-on-plastic-water-bottles-kara-pod-gives-you-clean-drinking-water-by-pulling-moisture-from-the-air">And You Can Invest At Just $6.37/Share</a>
<h2 class="wp-block-heading">You Don't Know Which Companies Are Receiving Your Money</h2>
Retirement accounts typically let you choose from some funds, but most investors do not know what they are funding. Cardone explains that your retirement account may be funding big pharma, military campaigns, and other initiatives that you may not support.&nbsp;
Large corporations often rely on investors to remain solvent and fund new projects. Your money may be going to shady organizations if you stick it in a fund without reviewing the holdings.&nbsp;
There's also the risk of losing money in your retirement account due to administrative fees. Some 401(k) providers charge admin fees that are close to 2%, and that doesn't even include a fund's expense ratio.
These fees can eat up all of your profits and result in a net loss in your 401(k) plan. That doesn't even include the amount you'll have to pay in taxes once you are ready to withdraw your money.
See Also: This AI-Powered Trading Platform Has 5,000+ Users, 27 Pending Patents, and a $43.97M Valuation — <a href="https://www.benzinga.com/money/finally-a-fully-automated-trading-platform-for-individual-investors?">You Can Become an Investor for Just $500.25</a>
<h2 class="wp-block-heading">Real Estate Is A Tax Haven</h2>
Unsurprisingly, Cardone mentioned real estate as a viable solution to retirement accounts. You can use leverage to get real estate sooner and generate monthly cash flow from your property. Real estate comes with a bunch of write-offs that you won't find with other investments.
It's important to remember that real estate requires a lot of work, especially if you get started with a bunch of single-family homes. You will have to handle phone calls, regularly check properties, deal with various issues like leaks and mold, make property repairs, and do a bunch of other things.
Real estate gets easier if you can invest in apartment buildings since all of the units are located in the same place. Real estate is not for everyone, but the people who master this asset can unlock some of the best tax advantages in the entire tax code.
Read Next: Warren Buffett once said, "If you don't find a way to make money while you sleep, you will work until you die."<a href="https://www.benzinga.com/money/warren-buffet-make-money-when-you-sleep"> Here&#8217;s how you can earn passive income with just $10.</a>
Image: Shutterstock

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Grant Cardone Explains Why The 401(k) Is 'The Biggest Scam' In Finance

On Monday, the Trump administration made public over 240,000 pages of FBI surveillance records on Martin Luther King Jr., a move that has sparked controversy among King&#8217;s family and the civil rights organization he co-founded.
What Happened: The documents were under a court seal since 1977. The FBI initially collected these records, which were later transferred to the National Archives and Records Administration, <a href="https://apnews.com/article/martin-luther-king-fbi-files-donald-trump-1a58c3f0c9ec8878e487434e0d372b81">reported</a> AP News.
The files contain leads the FBI pursued post King&#8217;s assassination and the CIA&#8217;s focus on King&#8217;s transition&nbsp;to international anti-war and anti-poverty&nbsp;movements in the years preceding his death.
King&#8217;s offspring, Martin III and Bernice, who had early access to the records, stressed the personal aspect of the issue and encouraged the files to &#8220;be viewed within their full historical context.&#8221;
National Intelligence Director Tulsi Gabbard labeled the disclosure as &#8220;unprecedented&#8221; and commended President Donald Trump for advocating the matter. The records were originally set to be sealed until 2027.
However, some civil rights activists, including Rev. Al Sharpton, censured the release as a diversion from the Trump administration&#8217;s management of other sensitive records.
&#8220;It's a desperate attempt to distract people from the firestorm engulfing Trump over the Epstein files and the public unraveling of his credibility among the MAGA base,&#8221; said Sharpton.
The Southern Christian Leadership Conference, which King co-founded, objected to the release, contending that the FBI&#8217;s surveillance of King and other civil rights figures was unlawful.
See Also: <a href="https://benzinga.com/markets/cannabis/23/07/33098371/chicago-firm-sees-value-in-ny-rec-market-speeds-up-roll-out-with-150m-investment" target="_blank" rel="noreferrer noopener">Chicago Firm Sees Value In NY Rec Market, Speeds Up Roll-Out With $150M Investment</a>
Why It Matters: The Trump administration has a history of declassifying sensitive documents. In 2017, President Trump released over 2,800 files related to the investigation into President John F. Kennedy's&nbsp;assassination, as reported by&nbsp;<a href="https://www.benzinga.com/general/politics/17/10/10249182/amid-release-of-jfk-files-majority-of-americans-believe-there-was-a-">Benzinga</a>. However, nearly 250 documents were held back for a 180-day review by government agencies.
As a candidate in the 2024 elections, Trump promised to release records related to the assassination of President John F. Kennedy. He signed an order to do that in January after being sworn in. 
In April, Trump also made public approximately 10,000 pages of records related to the 1968 assassination of Sen. Robert F. Kennedy (D-N.Y.).
On Friday, Trump called for the <a href="https://www.benzinga.com/news/politics/25/07/46486660/trump-directs-pam-bondi-to-release-more-epstein-documents-subject-to-court-approval-threatens-legal-action-against-wsj-over-epstein-letter">release of additional documents</a> related to the disgraced financier Jeffrey Epstein investigation and threatened legal action against The Wall Street Journal over what he claimed was a false article. He directed Attorney General Pam Bondi to seek court approval to unseal grand jury testimony and criticized the Journal for publishing a letter he alleged was fake.
Trump&#8217;s recent actions appeared aimed at pushing back against renewed scrutiny over his past ties to Epstein, following a Wall Street Journal report about a birthday album compiled by Ghislaine Maxwell that included a letter from him. The move also sought to reassure supporters who were angered by the Justice Department's refusal to release more Epstein-related documents.
Photo Courtesy: lazyllama on Shutterstock.com
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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>

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