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ProKidney

ProKidney Corp is a clinical-stage biotechnology company with a transformative proprietary cell therapy platform capable of treating multiple chronic kidney diseases using a patient's cells isolated from the patient intended for treatment. Its product candidate, REACT (Renal Autologous Cell Therapy) is a disease-modifying cell therapy made from a patient's renal cells. REACT has the potential to slow and stabilize the progression of chronic kidney disease. The company's pipeline consists of the development program for severe diabetic kidney disease.

ProKidney Corp. - Class A Ordinary Shares

ProKidney Corp

The cryptocurrency sector ended the first quarter on a sour note, with several of its mega-cap coins recording double-digit losses.
What happened: The total cryptocurrency market capitalization shrank from $3.26 trillion on Jan. 1 to $2.68 trillion at the end of the quarter, marking a 17% decline.
Market barometer Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) slid 11% year-to-date. Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>), the second most valued cryptocurrency, recorded a much sharper decline of 44%.
Top altcoins such as Solana (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/sol/usd">SOL</a>), Dogecoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/doge/usd">DOGE</a>), and Cardano (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/ada/usd">ADA</a>) also failed to escape the downturn, all shedding more than 20% of their value since 2025 began.
The sector struggled largely due to the <a href="https://in.benzinga.com/markets/cryptocurrency/25/03/44521011/will-trumps-25-auto-tariffs-take-a-toll-on-bitcoin">economic impact of tariffs</a> imposed by President Donald Trump on key U.S. trading partners.&nbsp;
With more stringent levies expected to be announced on the so-called <a href="https://in.benzinga.com/government/regulations/25/03/44575292/trump-to-target-dirty-15-countries-with-tariffs-which-countries-could-be-included">"Liberation Day,"</a> the uncertainty around these trade policies has led to a risk-off sentiment.
Notably, Bitcoin's correlation with U.S. equities, including blue-chip averages like the S&amp;P 500 and the Nasdaq Composite, has grown considerably year-to-date, <a href="https://www.theblock.co/data/crypto-markets/prices/btc-pearson-correlation-30d">according </a>to The Block, explaining the cryptocurrency market's reaction to U.S. macro triggers.
See Also:<a href="https://www.benzinga.com/24/12/42735744/pharma-bro-martin-shkreli-predicts-doom-for-michael-saylors-microstrategy-as-stock-dips-below-300-in-after-hours-trading"> </a><a href="https://www.benzinga.com/25/03/44555553/will-the-greatest-of-them-all-trump-memecoin-make-its-way-to-trump-media-etfs-polymarket-bettors-think-its-unlikely">&#8216;Greatest Of Them All&#8217; TRUMP Memecoin Headed for Trump Media ETFs? Polymarket Bettors Think It&#8217;s Unlikely</a>
That said, some lesser-known cryptocurrencies turned out to be the oases of growth.
<figure class="wp-block-table"> 
<table>
<tbody>
<tr>
<td>Cryptocurrency</td>
<td>Gains +/-</td>
<td>Price</td>
</tr>
<tr>
<td>Four (FORM)</td>
<td>+491.85%</td>
<td>$2.37</td>
</tr>
<tr>
<td>Mantra (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/om/usd">OM</a>)</td>
<td>+65.22%</td>
<td>$6.31</td>
</tr>
<tr>
<td>GateToken (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/">GT</a>)</td>
<td>+34.86%</td>
<td>$22.51</td>
</tr>
</tbody>
</table>
</figure>
FORM, the token of the newly-branded GameFi network Four, blasted off to a 491% rally in the first quarter. The coin set an all-time high of $2.62 last week amid growing interest around its latest product, Four.meme, an ecosystem for meme coins.
OM, the token associated with the layer-1 blockchain MANTRA, surged 65% to bag the second spot. The over $6 billion-valued cryptocurrency also hit its all-time high of $9.04 in the last quarter.
GateToken, the native token of the Gate.io ecosystem, spiked 34% year-to-date, building on the positive momentum from the end of 2024. The coin has more than doubled its value over the past year, spurring a market capitalization of nearly $2 billion.
Photo by CMP_NZ on Shutterstock
Read Next:&nbsp;
<ul>
<li><a href="https://www.benzinga.com/markets/cryptocurrency/25/03/44554819/elon-musk-dismisses-dogecoin-use-by-government-clears-the-air-on-doge-department-two-very-different-things">Elon Musk Dismisses Dogecoin Use By Government, Clears The Air On DOGE Department: &#8216;Two Very Different Things&#8217;</a></li>
</ul>

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

Cryptocurrency

News

Markets

Movers

Trading Ideas

$ADA

$BTC

$DOGE

$ETH

$SOL

Bitcoin, Dogecoin Shaken By Trump's Tariff Announcements In Q1 But This Lesser-Known Crypto Exploded 490% — Here's Why

Macro Economic Events

Econ #s

Economics

BBJP

WisdomTree Trust Japan Total Dividend Fund

Reported Earlier, Japan Tankan All Big Industry CAPEX For Q1 3.1% Vs. 11.3% Prior

Reported Earlier, Japan Tankan Big Manufacturing Outlook Index For Q1 12 Vs. 9 Est.; 13 Prior

Reported Earlier, Japan Tankan Large Manufacturers Index For Q1 12 Vs. 12 Est.; 14 Prior

Reported Earlier, Japan Tankan Large Non-Manufacturers Index For Q1 35 Vs. 33 Est.; 33 Prior

Reported Earlier, Australia Retail Sales (MoM) For February 0.2% Vs. 0.3% Est.; 0.3% Prior

Reported Earlier, China Caixin Manufacturing Purchasing Managers Index For March 51.2 Vs. 50.6 Est.; 50.8 Prior

Reported Earlier, Australia Interest Rate Decision For April Unchanged At 4.10%

Cryptocurrency entrepreneur Chun Wang and a team of three astronauts set off on a historic SpaceX flight Monday to explore the earth&#8217;s polar regions from orbit. 
What Happened: The SpaceX rocket, bought by Chinese-born Wang, took off on Monday night&nbsp;from NASA's Kennedy Space Center, <a href="https://apnews.com/article/space-tourism-north-south-pole-6ac8d097572ce019e962db5386c1cecb">reported </a>AP News. The Falcon rocket flew across the Atlantic, setting&nbsp;the space tourists on a&nbsp;path never before taken in the 64-year history of human spaceflight.
The&nbsp;fully automated capsule will circle&nbsp;the globe in approximately 1 ½ hours, including a 46-minute flight from pole to pole. The first leg of the flight,&nbsp;from Florida to the South&nbsp;Pole, was expected to take just half an hour. The total cost of the polar adventure remained a mystery, though.
The mission, named Fram2, is named in<a href="https://www.benzinga.com/news/24/08/40330684/elon-musks-spacex-to-power-first-human-spaceflight-over-earths-polar-regions-this-year-civilian-miss"> honor of the ship</a> that helped explorers first reach Earth's Arctic and Antarctic regions. From mission proposal, planning, trajectory design, and crew selection, everything has been done by Wang and his team.
Wange announced on X, &#8220;Today, we become the 681st humans to fly above the Kármán line [the imaginary space boundary] and the 626th to orbit the Earth.&#8221;
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Today, we become the 681st humans to fly above the Kármán line, and the 626th to orbit the Earth.
&mdash; Chun (@satofishi) <a href="https://twitter.com/satofishi/status/1906889254468477086?ref_src=twsrc%5Etfw">April 1, 2025</a></blockquote>
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See Also:&nbsp;<a href="https://benzinga.com/markets/cryptocurrency/25/03/44423999/peter-schiff-says-strategic-bitcoin-reserve-is-a-scam-to-lure-americans-into-buying-more-crypto" target="_blank" rel="noreferrer noopener">Peter Schiff Says Strategic Bitcoin Reserve Is A &#8216;Scam&#8217; To Lure Americans Into Buying More Crypto</a>
Why It Matters: Notably, Wang co-founded the leading mining pool, F2Pool, in 2013, which allows users to pool their computing power to mine various cryptocurrencies, including Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) and Litecoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/ltc/usd">LTC</a>).
The trend of cryptocurrency investors taking an active interest in space expeditions was gaining traction.
Cryptocurrency billionaire Jed McCaleb, who co-founded Ripple Labs (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/xrp/usd">XRP</a>), is collaborating with Elon Musk&#8217;s SpaceX to launch the <a href="https://in.benzinga.com/general/space/25/03/44454270/crypto-tycoon-joins-forces-with-elon-musks-spacex-to-launch-first-private-space-station">world&#8217;s first privately developed space station</a>.
Image via Shutterstock
Read Next:&nbsp;
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<li><a href="https://benzinga.com/25/03/44556536/irans-revolutionary-guard-officers-accused-of-stealing-21-million-in-crypto-during-investigation-in-a-corruption-" target="_blank" rel="noreferrer noopener">Iran&#8217;s Revolutionary Guard Officers Accused Of Stealing $21 Million In Crypto While Investigating A Corruption Case</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.<a href="https://www.benzinga.com/apis?utm_source=benzinga.com&amp;utm_campaign=article-bottom" rel="noreferrer noopener" target="_blank"></a>

SPACE

$LTC

$XRP

Bitcoin Entrepreneur Sets Off On Historic Polar Orbit Spaceflight Powered By Elon Musk's SpaceX

Newsmax Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NMAX#NYSE">NMAX</a>) debuted on the New York Stock Exchange Monday, with shares surging 735% and catapulting founder and CEO Christopher Ruddy into billionaire status.
What Happened: The cable news network raised $75 million in its initial public offering, pricing shares at $10 each under Regulation A+. According to company statements, the stock closed at $83.51 after multiple trading halts due to extreme volatility.
Ruddy now controls a fortune estimated at $3.3 billion through his ownership of 39.2 million Class A shares held in a revocable trust. These shares carry 10 votes each, giving him control of 81% of the company&#8217;s voting power.
The media company also secured $225 million through a private preferred offering that closed in February, with Digital Offering LLC serving as the lead selling agent for the public offering.
See Also: <a href="https://www.benzinga.com/25/03/44576937/sp-500-suffers-worst-quarterly-lag-against-global-markets-since-1988-as-tech-rout-hits-hard">S&amp;P 500 Just Had Its Worst Quarter vs. Global Stocks Since 1988: What&#8217;s Driving The Rout</a>
Why It Matters: Founded in 1998 by Ruddy, an award-winning journalist, Newsmax has grown into what Forbes describes as &#8220;a news powerhouse.&#8221; The company operates multiple media properties, including Newsmax channel, now the fourth highest-rated cable news channel according to Nielsen, streaming services Newsmax2 and Newsmax+, and Newsmax.com.
According to the company, Newsmax&#8217;s combined media properties reach over 40 million Americans regularly. 
Headquartered in Boca Raton, Florida, with additional offices in Washington, D.C. and New York City, Newsmax positions itself as championing &#8220;a free press&#8221; that provides &#8220;balanced coverage, diverse viewpoints, and open debates on the issues affecting our lives.&#8221;
Read Next:
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<li><a href="https://www.benzinga.com/news/25/03/44568282/blackrock-ceo-larry-finks-2025-investor-letter-how-the-company-will-navigate-ai-inflation-global-markets" target="_blank" rel="noreferrer noopener">BlackRock CEO Larry Fink's 2025 Investor Letter: How The Company Will Navigate AI, Inflation, Global Markets</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.

Equities

NMAX

Newsmax Soars 735% In NYSE Debut, Founder Christopher Ruddy Becomes Billionaire

Pepe (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/">PEPE</a>) topped the meme coin charts on Monday, outshining heavyweights like Dogecoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/doge/usd">DOGE</a>) and Shiba Inu (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/shib/usd">SHIB</a>).
What happened: The frog-themed cryptocurrency spiked over 4% in the last 24 hours, partially offsetting the weekend decline. The coin's trading volume jumped 37% to $650.96 million, making it the second-most traded meme coin on the day.
DOGE and SHIB, on the other hand, experienced smaller jumps of 1.16% and 1.42%, respectively.
See Also:<a href="https://www.benzinga.com/24/12/42735744/pharma-bro-martin-shkreli-predicts-doom-for-michael-saylors-microstrategy-as-stock-dips-below-300-in-after-hours-trading"> </a><a href="https://www.benzinga.com/25/03/44555553/will-the-greatest-of-them-all-trump-memecoin-make-its-way-to-trump-media-etfs-polymarket-bettors-think-its-unlikely">&#8216;Greatest Of Them All&#8217; TRUMP Memecoin Headed for Trump Media ETFs? Polymarket Bettors Think It&#8217;s Unlikely</a>
Interestingly, PEPE's Open Interest, or the total money locked in its derivatives market, fell by nearly 3% in the last 24 hours, <a href="https://www.coinglass.com/currencies/PEPE">according </a>to Coinglass.
Why It Matters: When OI declines while the spot price rises, it might indicate that short sellers are covering their positions, leading the price to rally. Since money is leaving the market and the price increase is not driven by buying interest, traders typically interpret this scenario as a bearish sign.
It's worth noting that the OI sailed to its nearly two-month highs last week but has since retreated over 25%.
Conversely, the percentage of traders placing long bets on the meme coin increased to 52% in the last 24 hours, suggesting that the rally might be sustained.
The latest rally also prompted diamond hands to add to their positions. According to IntoTheBlock, the <a href="https://app.intotheblock.com/">balance</a> held by long-term PEPE holders rose by 0.03% in the last 24 hours, indicating conviction in the coin&#8217;s growth potential.
Price Action:  At the time of writing, PEPE was exchanging hands at $0.000007374, up 4.45% 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, though, the cryptocurrency has plunged 63%.
Image via Shutterstock
Read Next:&nbsp;
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<li><a href="https://www.benzinga.com/markets/cryptocurrency/25/03/44554819/elon-musk-dismisses-dogecoin-use-by-government-clears-the-air-on-doge-department-two-very-different-things">Elon Musk Dismisses Dogecoin Use By Government, Clears The Air On DOGE Department: &#8216;Two Very Different Things&#8217;</a></li>
</ul>

$PEPE

$SHIB

PEPE Outgains Dogecoin, Shiba Inu With 4% Rally But Mixed Signals Emerge On Next Moves

Fundstrat&#8216;s Tom Lee believes markets are poised for a rebound despite widespread investor anxiety ahead of President Donald Trump&#8216;s anticipated tariff <a href="https://in.benzinga.com/trading-ideas/long-ideas/25/03/44569453/tom-lee-sees-right-pieces-for-a-market-bottom-investors-are-a-little-too-scared-heading-into-wednesday">announcement on Wednesday</a>.
What Happened: &#8220;Markets are deeply oversold,&#8221; Lee wrote on Monday on X, adding that &#8220;too many are only pricing in &#8216;worst case'&#8221; scenarios. He said that Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) &#8220;likely leads bounce when recovery starts.&#8221;
Lee, Fundstrat&#8217;s Head of Research and Chief Investment Officer, noted high anxiety among fund managers who fear economic downturn following Trump&#8217;s Apr. 2 &#8220;Liberation Day&#8221; announcements. These concerns stem from uncertainty around tariff impacts and the Trump administration&#8217;s policies.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Sunday evening, many fund managers were calling for a deep decline into 4/2, but markets are deeply oversold &#8211; and too many are only pricing in &quot;worst case&quot; &#8211; <a href="https://twitter.com/hashtag/bitcoin?src=hash&amp;ref_src=twsrc%5Etfw">#bitcoin</a> likely leads bounce when recovery starts Great speaking to <a href="https://twitter.com/JoeSquawk?ref_src=twsrc%5Etfw">@JoeSquawk</a> <a href="https://twitter.com/BeckyQuick?ref_src=twsrc%5Etfw">@BeckyQuick</a> <a href="https://twitter.com/andrewrsorkin?ref_src=twsrc%5Etfw">@andrewrsorkin</a> on… <a href="https://t.co/DSOgaZ78uY">https://t.co/DSOgaZ78uY</a>
&mdash; Thomas (Tom) Lee (not drummer) FSInsight.com (@fundstrat) <a href="https://twitter.com/fundstrat/status/1906772612367499589?ref_src=twsrc%5Etfw">March 31, 2025</a></blockquote>
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Over weekend, fund managers convos: common view "economy will tank" post-4/2 liberation day anxiety high due to: &#8211; need clarity &#8211; how much tariffs hurt &#8211; fears Trump policies Fear getting priced in. US proven itself resilient. Great talking to <a href="https://twitter.com/JoeSquawk?ref_src=twsrc%5Etfw">@JoeSquawk</a> <a href="https://twitter.com/BeckyQuick?ref_src=twsrc%5Etfw">@BeckyQuick</a>…
&mdash; Thomas (Tom) Lee (not drummer) FSInsight.com (@fundstrat) <a href="https://twitter.com/fundstrat/status/1906658866756239677?ref_src=twsrc%5Etfw">March 31, 2025</a></blockquote>
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&#8220;I think investors are a little too scared <a href="https://in.benzinga.com/trading-ideas/long-ideas/25/03/44569453/tom-lee-sees-right-pieces-for-a-market-bottom-investors-are-a-little-too-scared-heading-into-wednesday">heading into Wednesday</a>,&#8221; Lee told CNBC&#8217;s &#8220;Squawk Box&#8221; on Monday. &#8220;Post-Wednesday, markets are going to have some visibility. That allows us to take some of the selling pressure off.&#8221;
See Also: <a href="https://www.benzinga.com/analyst-ratings/analyst-color/25/03/44571608/april-is-oils-best-month-may-second-will-prices-hit-80-before-summer" target="_blank" rel="noreferrer noopener">April Is Oil's Best Month, May Second: Will Prices Hit $80 Before Summer?</a>
Why It Matters: The market pessimism comes as the S&amp;P 500, tracked by SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>), officially entered correction territory earlier this month. The index has recorded its <a href="https://www.benzinga.com/25/03/44576937/sp-500-suffers-worst-quarterly-lag-against-global-markets-since-1988-as-tech-rout-hits-hard">largest quarterly underperformance</a> against global markets since 1988, according to Bloomberg data.
Lee countered stagflation fears, suggesting <a href="https://in.benzinga.com/trading-ideas/long-ideas/25/03/44569453/tom-lee-sees-right-pieces-for-a-market-bottom-investors-are-a-little-too-scared-heading-into-wednesday">economists may be overlooking positive factors</a>. &#8220;We might end up having better growth, so less stag, and maybe the inflation stuff is more distorting so it&#8217;s not as stagflationary,&#8221; he said.
The strategist also pointed to the Federal Reserve&#8217;s relatively dovish stance as a potential positive catalyst. Fed Chair Jerome Powell is scheduled to speak Friday following the nonfarm payrolls report.
A Benzinga poll found 48% of respondents believe markets will crash following Trump&#8217;s reciprocal tariff announcement, while 29% expect little impact and 23% <a href="https://in.benzinga.com/trading-ideas/25/03/44566164/exclusive-could-trumps-liberation-day-reciprocal-tariffs-crash-the-stock-market-48-say-this">anticipate a market rise</a>.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/news/25/03/44568282/blackrock-ceo-larry-finks-2025-investor-letter-how-the-company-will-navigate-ai-inflation-global-markets" target="_blank" rel="noreferrer noopener">BlackRock CEO Larry Fink's 2025 Investor Letter: How The Company Will Navigate AI, Inflation, Global Markets</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.

Tom Lee Says Markets Are 'Deeply Oversold,' Expects Bitcoin To Lead Rebound As Investors Fear Trump's Tariff Impact

On Monday, OpenAI CEO Sam Altman announced that the company plans to release its new open-weight language model with reasoning capabilities in the coming months. This decision might have been driven by the <a href="https://in.benzinga.com/25/01/43381133/chinas-deepseek-r1-lands-on-microsoft-azure-and-awsthe-same-model-that-shook-silicon-valley">impressive success of</a> DeepSeek&#8217;s R1 model and the growing popularity of Meta Platforms, Inc.&#8217;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>) Llama models.
What Happened: In a post shared on X, formerly Twitter, Altman revealed that the model would be the first of its kind since GPT-2 and would feature publicly accessible trained parameters or weights, allowing developers to fine-tune the model for specific tasks.
&#8220;We've been thinking about this for a long time, but other priorities took precedence,&#8221; Altman said, adding, &#8220;Now it feels important to do.&#8221;
Altman also said that the company plans to get feedback from developers through a series of global events.
See Also: <a href="https://in.benzinga.com/media/25/03/44566020/arm-aims-for-50-data-center-cpu-market-share-by-2025-challenging-intel-and-amd">Arm Aims for 50% Data Center CPU Market Share by 2025, Challenging Intel and AMD</a>
"We still have some decisions to make, so we are hosting developer events to gather feedback and later play with early prototypes," he said. The first event will take place in San Francisco, followed by sessions in Europe and Asia-Pacific regions.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">TL;DR: we are excited to release a powerful new open-weight language model with reasoning in the coming months, and we want to talk to devs about how to make it maximally useful: <a href="https://t.co/XKB4XxjREV">https://t.co/XKB4XxjREV</a> we are excited to make this a very, very good model! __ we are planning to…
&mdash; Sam Altman (@sama) <a href="https://twitter.com/sama/status/1906793591944646898?ref_src=twsrc%5Etfw">March 31, 2025</a></blockquote>
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OpenAI provides access to its AI via a chatbot and cloud-based services. In contrast, models like&nbsp;R1, Llama, and other open-weight alternatives can be freely downloaded and customized.
A model's&nbsp;weights&nbsp;represent the internal values of a neural network, determined during training. Open-weight models offer a&nbsp;cost-effective&nbsp;solution and can be adapted for specialized applications, such as processing&nbsp;sensitive or confidential data, <a href="https://www.wired.com/story/openai-sam-altman-announce-open-source-model/">reported</a> Wired.
After DeepSeek launched its model in January, Altman remarked that <a href="https://in.benzinga.com/25/02/43426111/openai-rethinks-open-source-as-deepseek-gains-ground-sam-altman-hints-at-major-changes-in-ai-model-development">OpenAI was &#8220;on the wrong side of history&#8221;</a> when it came to open models, hinting at a possible change in stance.
OpenAI might aim to demonstrate its ability to train the new model efficiently, especially since DeepSeek's model was reportedly developed at a significantly lower cost than most large AI models.
"This is amazing news," Clement Delangue, co-founder and CEO of Hugging Face, a company known for hosting open AI models, told the publication. "With DeepSeek, everyone's realizing the power of open weights."
OpenAI is also <a href="https://in.benzinga.com/tech/25/03/44066117/elon-musk-battles-openai-over-move-to-for-profit-model-and-experts-are-pushing-back">transitioning to a for-profit company</a> by the end of the year to secure a $40 billion funding round led by SoftBank Group (OTC:<a class="ticker" href="https://www.benzinga.com/stock/SFTBF#OTC">SFTBF</a>) (OTC:<a class="ticker" href="https://www.benzinga.com/stock/SFTBY#OTC">SFTBY</a>), which will support the development of future AI models.
This move comes after the company closed a <a href="https://www.benzinga.com/news/24/10/41149788/openai-valuation-soars-to-157b-in-latest-funding-round">$6.6 billion funding round</a> in October.
Meanwhile, Meta has seen significant success with its AI model family, &#8216;Llama,&#8217; which reached a <a href="https://in.benzinga.com/25/03/44393122/mark-zuckerberg-announces-that-metas-llama-model-hits-1-billion-downloads-each-llama-download-represents-a-vote-of-confidence-in-open-source-ai-says-vp">milestone of 1 billion downloads</a>. Meta CEO Mark Zuckerberg highlighted this achievement, underscoring the growing confidence in open-source AI models.
Photo by jamesonwu1972 on Shutterstock
Check out more of Benzinga&#8217;s Consumer Tech coverage by&nbsp;<a href="https://www.benzinga.com/topic/consumer-tech" target="_blank" rel="noreferrer noopener">following this link</a>.
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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

SFTBF

SFTBY

Sam Altman-Led OpenAI Releases Open-Weight AI Model With Reasoning Capabilities As DeepSeek And Meta Taste Success

U.S. markets continued to witness volatility on Monday as President Donald Trump&#8217;s <a href="https://www.benzinga.com/markets/equities/25/03/44554789/trumps-liberation-day-tariffs-could-fuel-inflation-after-16-trillion-fiscal-surge-lawrence-mcdonald-warns">&#8216;Liberation Day&#8217;</a> fast approaches, bringing a volley of tariffs across products, industries, allies, and adversaries. Leading analysts and experts have since urged the President to reconsider his trade policy stance.
What Happened: The market experienced another roller-coaster trading day, with the S&amp;P 500 (INDEXSP: .INX) up 0.6% at close after being down 1.7% in the morning. While this helps shave off some of its losses this quarter, it still marks the worst quarter for the index in two-and-a-half years, losing 4.6%.
The NASDAQ (INDEXNASDAQ: .IXIC) ended 0.1% lower after witnessing wild swings of nearly 3% between the highs and lows of the day, followed by the Dow Jones Industrial Average (INDEXDJX: .DJI) which closed with a 1% gain, after swerving 417 points to erase some initial losses. Both the indices are down for the quarter, with the NASDAQ losing 10.5% and the Dow Industrials 2.3%.
Among individual stocks, Discover Financial (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DFS#NYSE">DFS</a>) and Live Nation Entertainment (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LYV#NYSE">LYV</a>) were among top gainers at 7.5% and 4.4%, respectively, while Moderna (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MRNA#NASDAQ">MRNA</a>), Grail Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GRAL#NASDAQ">GRAL</a>) were among the top laggards, down 9% and 5% during the day, respectively.
Similarly, major index futures were a mixed bag on Monday evening, with Dow Futures up 1%, S&amp;P 500 Futures up 0.55%, and Nasdaq 100 down 0.14%. All of this comes in response to the uncertain global political climate and in anticipation of a messy global trade war that could disrupt all industries.
See More: <a href="https://www.benzinga.com/markets/equities/25/03/44554789/trumps-liberation-day-tariffs-could-fuel-inflation-after-16-trillion-fiscal-surge-lawrence-mcdonald-warns">Tariffs, Inflation And Tumbling Markets: These 5 ETFs Thrived Amid Last Week&#8217;s Chaos</a>
Why It Matters: Such steep curves have become routine for U.S. markets over the past couple of weeks, and there are no signs of it stopping any time soon, with seemingly no end to the uncertain trade policies of the Trump Administration, filled with false starts and abrupt changes.
Popular market voices such as Jim Cramer, who ironically <a href="https://economictimes.indiatimes.com/news/international/us/big-support-for-donald-trump-jim-cramer-shocks-wall-street-with-pro-tariff-stance-slams-free-trade-its-cost-us-fortunes/articleshow/119766832.cms?from=mdr">came out in support of the tariffs last week</a>, saying &#8216;I am pro-tariff, absolutely, I hate free trade,&#8217; is nonetheless, critical of the way the President is approaching this matter, stating that the uncertainty is taking a toll on the markets and investors.
<figure class="wp-block-embed aligncenter 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">Was today one-off? Only if the President wants it to be
&mdash; Jim Cramer (@jimcramer) <a href="https://twitter.com/jimcramer/status/1906863841600041176?ref_src=twsrc%5Etfw">April 1, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Cramer <a href="https://x.com/jimcramer/status/1906863841600041176">took to Twitter</a> again last night, addressing the wild swings in the market saying &#8216;Was today one-off? Only if the President wants it to be.&#8217; This was quite clearly aimed at the Trump Administration, asking for more certainty and clarity on trade policies going forward.
Photo Courtesy: Shutterstock.com
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<li> <a href="https://www.benzinga.com/news/management/25/03/44574393/ford-gm-executives-address-trump-tariffs-in-internal-memos-aimed-to-reassure-employees-report">Ford, GM Executives Address Trump Tariffs In Internal Memos Aimed To Reassure Employees: Report</a></li>
</ul>

Media

GRAL

IXIC

MRNA

Jim Cramer Asks Trump To Take Stock As Markets Swing Again Ahead Of 'Liberation Day'

Editor&#8217;s Note: This story has been updated to correct an error where &#8220;Nasdaq 100&#8221; was mistakenly used instead of &#8220;Nasdaq.&#8221;
The stock market faced a challenging day as risk sentiment remained under pressure on Wall Street. The&nbsp;S&amp;P 500&nbsp;experienced a volatile session, hitting its lowest point in over six months before recovering some losses. The S&amp;P ended the day 0.5% higher at 5,611.85. Despite this, the index is on track for its worst month since September 2022, with a 7% decline in March. The Dow Jones Industrial Average was up 1% at 42,001.76 for the day.
Meanwhile, tech stocks struggled, with the Nasdaq dropping 0.14% for the day at 17,299.29 as semiconductor stocks weighed heavily on the sector.
These are the top stocks that gained the attention of retail traders and investors throughout the day.
Nvidia Corporation&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>)
Nvidia&#8217;s stock fell 1.18% to close at $108.38, with an intraday high of $110.96 and a low of $103.65. The stock&#8217;s 52-week range is between $153.13 and $75.61. The company announced plans to invest billions in the U.S. supply chain over the next four years. CEO Jensen Huang stated that the investment is possible due to suppliers like&nbsp;<a href="https://www.benzinga.com/25/03/44567096/nvidia-to-invest-billions-in-u-s-supply-chain-as-tech-companies-commit-to-trumps-onshoring-pledge">Taiwan Semiconductor Manufacturing Company</a>&nbsp;and Foxconn.
Moderna, Inc.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MRNA#NASDAQ">MRNA</a>)
Moderna&#8217;s shares tumbled 8.90% to $28.35, with a high of $28.95 and a low of $26.80, marking a new 52-week low. The decline followed a shakeup at the U.S. Food and Drug Administration, with&nbsp;<a href="https://www.benzinga.com/25/03/44562368/moderna-novavax-shares-are-tumbling-monday-whats-going-on">Peter Marks</a>&nbsp;resigning from his role at the FDA's Center for Biologics Evaluation and Research.
See Also:&nbsp;<a href="https://benzinga.com/markets/25/03/44556147/mark-cuban-warns-of-red-rural-recession-as-hundreds-of-small-town-maga-supporters-reportedly-lose-federal-jobs-their-finances-will-be-turned-upside-down" target="_blank" rel="noreferrer noopener">Mark Cuban Warns Of &#8216;Red Rural Recession&#8217; As Hundreds Of Small Town MAGA Supporters Reportedly Lose Federal Jobs &#8211; Benzinga</a>
Lucid Group, Inc.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LCID#NASDAQ">LCID</a>)
Lucid&#8217;s stock rose 4.31% to $2.42, reaching a high of $2.44 and a low of $2.21. The 52-week range is $4.43 to $1.93. The increase came after bullish commentary from a company executive, who <a href="https://in.benzinga.com/25/03/44570246/whats-going-on-with-lucid-stock-today">noted</a> a "dramatic uptick" in orders from former&nbsp;Tesla Inc.&nbsp;customers.
Dominari Holdings Inc.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DOMH#NASDAQ">DOMH</a>)
Dominari&#8217;s shares fell 16.32% to $4, with a high of $5.46 and a low of $3.84. The stock&#8217;s 52-week range is $13.58 to $0.83. The decline followed the announcement of a Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) <a href="https://in.benzinga.com/trading-ideas/movers/25/03/44566377/whats-going-on-with-dominari-holdings-stock-monday">mining deal</a> with&nbsp;Hut 8 Corp&nbsp;and a registered direct offering.
Tesla, Inc.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>)
Tesla&#8217;s stock decreased by 1.67% to $259.16, with an intraday high of $260.56 and a low of $243.36. The 52-week range is $488.54 to $138.8. Despite challenges,&nbsp;Elon Musk&nbsp;remains optimistic about Tesla&#8217;s future, viewing the current situation as a <a href="https://in.benzinga.com/25/03/44557947/doge-blowback-aside-elon-musk-considers-tesla-a-solid-opportunity">buying opportunity</a>.
Image via Shutterstock
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.
Benzinga Edge Stock Rankings show Lucid with a 97th percentile growth score — curious how Tesla compares? <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">Find out 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="695" height="105" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/03/31225751/Screenshot-2025-04-01-at-11.57.38.png" alt="" class="wp-image-850215" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/03/31225751/Screenshot-2025-04-01-at-11.57.38.png 695w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/03/31225751/Screenshot-2025-04-01-at-11.57.38-300x45.png 300w" sizes="(max-width: 695px) 100vw, 695px" /></a></figure>
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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>

DOMH

LCID

NVDA

TSLA

Nvidia, Moderna, Lucid, Dominari Holdings, Tesla: Why These 5 Stocks Are On Investors' Radars Today (CORRECTED)

Intel Corp's (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTC#NASDAQ">INTC</a>) Lip-Bu Tan made bold promises about the company's future during his first public speech as CEO on Monday, highlighting a <a href="https://www.benzinga.com/tech/25/03/44532562/intel-board-shake-up-continues-as-three-directors-exit-amid-leadership-overhaul-under-ceo-lip-bu-tan">major cultural overhaul</a> and signaling potential support from the Donald Trump administration.
What Happened: Tan, who took over as CEO earlier in March, focused on a cultural transformation at Intel, stressing the need to cut down on bureaucracy, which he believes stifles innovation, <a href="https://www.ft.com/content/bb433b2e-c236-46e7-8342-c92562c3431f">reported</a> the Financial Times.
&nbsp;&#8220;Bureaucracy kills innovation,&#8221; Tan said during the speech at a conference in Las Vegas.
He made it clear that one of his top priorities would be to recruit top talent and build stronger relationships with key customers, while simplifying Intel's operations.
See Also:&nbsp;<a href="https://www.benzinga.com/media/25/03/44508019/tesla-and-other-us-robotics-giants-demand-federal-strategy-to-compete-with-chinas-138-billion-push-warn-america-will-lose-the-race-without-it" target="_blank" rel="noreferrer noopener">Tesla And Other US Robotics Giants Demand Federal Strategy To Compete With China&#8217;s $138 Billion Push — Warn America Will Lose The Race Without It</a>
Tan also highlighted that the Trump administration is prepared to assist Intel, as the government intends to maintain U.S. semiconductor leadership.
&#8220;They are asking me: what can we help with? And definitely, I will come to get their help to do what we need to do,&#8221; Tan said, signaling a collaborative effort to strengthen the company's position in the competitive chip market.
Subscribe to the&nbsp;<a href="https://bztechtrends.beehiiv.com/subscribe" target="_blank" rel="noreferrer noopener">Benzinga Tech Trends newsletter</a>&nbsp;to get all the latest tech developments delivered to your inbox.
Why It Matters: Intel's leadership has <a href="https://in.benzinga.com/tech/25/02/43680696/bill-gates-has-a-soft-spot-for-intel-but-says-the-chip-giant-has-lost-its-way-questions-whether-the-company-can-recover-after-ceo-exit-and-falling-behind-in-ai">struggled in the past few years</a>, falling behind competitors like Taiwan Semiconductor Manufacturing Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TSM#NYSE">TSM</a>) in chip production and Nvidia Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) in AI chip development.
In his inaugural letter to shareholders, Tan spoke about aligning spending with market demand, a strategy that includes maintaining Intel&#8217;s product business and contract chip manufacturing unit, a vision initially set by former CEO Pat Gelsinger. This approach also involves cost-cutting measures, including a <a href="https://www.benzinga.com/25/03/44555938/intels-new-ceo-refuses-to-sugarcoat-the-companys-2024-performance-vows-to-align-spending-with-market-demand">15% workforce reduction</a>.
Tan&#8217;s strategy also extends to <a href="https://in.benzinga.com/25/03/44469986/intel-targets-major-foundry-clients-in-new-strategy-to-revitalize-chip-design-says-ubs">rejuvenating Intel&#8217;s chip design</a> and expanding its foundry business, with potential commitments from major clients like Nvidia and Broadcom Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVGO#NASDAQ">AVGO</a>).
Price Action: Intel's stock has climbed 12.31% since January, but the stock has declined almost 49% over a 12-month period, as per <a href="https://pro.benzinga.com/dashboard">Benzinga Pro data</a>.
According to Benzinga Edge Stock Rankings, Intel (INTC) holds a 3.54% growth rating. Want to see how it compares to other companies? <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">Click here</a> for the full analysis.
Check out more of Benzinga&#8217;s Consumer Tech coverage by <a href="https://www.benzinga.com/topic/consumer-tech" target="_blank" rel="noreferrer noopener">following this link</a>.
Image via Shutterstock
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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.

AVGO

INTC

Intel's New CEO Lip-Bu Tan Says Trump Administration Ready To Help Beleagured Chipmaker, Warns 'Bureaucracy Kills Innovation'

The S&amp;P 500, tracked by SPDR S&amp;P 500 (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>), has recorded its largest quarterly underperformance against global markets in 37 years. 
What Happened: The U.S. benchmark index trailed the MSCI All Country World Excluding United States Index by the widest margin since 1988, according to Bloomberg data shared by Barchart on Monday. 
The performance gap marks a notable reversal from recent years when U.S. stocks frequently outpaced international markets.
Large-cap technology stocks drove much of the quarterly decline, according to <a href="https://pro.benzinga.com/dashboard">data from Benzinga Pro</a>. Trade Desk (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TTD#NASDAQ">TTD</a>) fell 53.99%, Deckers Outdoor (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DECK#NYSE">DECK</a>) dropped 46.13%, and Marvell Technology (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MRVL#NASDAQ">MRVL</a>) lost 45.40%. Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) declined 38.95% during the period.
The technology sector&#8217;s weakness is reflected in the iShares Semiconductor ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SOXX#NASDAQ">SOXX</a>), which fell 11.9% in March alone. The broader tech-focused Nasdaq 100 dropped 1.1% as semiconductor <a href="https://www.benzinga.com/news/econ-s/25/03/44567966/stocks-fall-sp-500-eyes-worst-month-in-almost-two-years-oil-rallies-whats-driving-markets-monday">companies weighed on performance</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">S&amp;P 500 suffers largest quarterly underperformance relative to the rest of the world in 37 years &#x1f6a8; <a href="https://t.co/JbWLxSH1GG">pic.twitter.com/JbWLxSH1GG</a>
&mdash; Barchart (@Barchart) <a href="https://twitter.com/Barchart/status/1906821431352029565?ref_src=twsrc%5Etfw">March 31, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
See Also: <a href="https://www.benzinga.com/analyst-ratings/analyst-color/25/03/44571608/april-is-oils-best-month-may-second-will-prices-hit-80-before-summer">April Is Oil&#8217;s Best Month, May Second: Will Prices Hit $80 Before Summer?</a>
Why It Matters: Energy emerged as the quarter&#8217;s strongest sector, tracking toward its fourth consecutive positive month with year-to-date gains of 8.5%. The Energy Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLE#NYSE">XLE</a>) outperformed other sectors in recent trading.
Goldman Sachs, citing the changing market dynamics, lowered its S&amp;P 500 earnings growth estimates to 3% for 2025 and 6% for 2026, down from 7% <a href="https://www.benzinga.com/economics/macro-economic-events/25/03/44560485/goldman-sachs-slashes-sp-500-price-outlook-as-tariffs-weaker-growth-hit-earnings">previously for both years</a>.
Meanwhile, as U.S. stocks struggled, gold prices reached $3,115 per ounce, posting their <a href="https://www.benzinga.com/news/econ-s/25/03/44567966/stocks-fall-sp-500-eyes-worst-month-in-almost-two-years-oil-rallies-whats-driving-markets-monday">strongest three-month rally</a> since 2009.
Historical perspective from Bloomberg data indicates the performance gap between U.S. and global stocks has fluctuated significantly over time, with the S&amp;P 500 occasionally outperforming global markets by up to 15 percentage points in the early 1990s, late 1990s, and mid-2000s.
Read Next: 
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<li><a href="https://www.benzinga.com/news/25/03/44568282/blackrock-ceo-larry-finks-2025-investor-letter-how-the-company-will-navigate-ai-inflation-global-markets">BlackRock CEO Larry Fink&#8217;s 2025 Investor Letter: How The Company Will Navigate AI, Inflation, Global Markets</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.

DECK

MRVL

iShares PHLX SOX Semiconductor Sector Index Fund

SOXX

S&P 500 Just Had Its Worst Quarter vs. Global Stocks Since 1988: What's Driving The Rout

Leading cryptocurrencies moved up Monday after the Trump family stepped deeper into the space with a Bitcoin mining venture.
<figure class="wp-block-table"> 
<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>+1.34%</td>
<td>$82,667.94</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>+2.03%</td>
<td>$1,826.46</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>+1.71%</td>
<td>$0.1669</td>
</tr>
</tbody>
</table>
</figure>
What Happened: The apex cryptocurrency rose to an intraday high of $83,870.12 in the early trading hours before losing steam and falling to the $82,000 range.
Ethereum hit $1,850 before reversing course and stabilizing in the early $1,800 zone.
The spike followed the launch of American Bitcoin, a new firm led in part by President Donald Trump's sons, Eric Trump and Donald Trump Jr., aiming to become the world's biggest Bitcoin mining company.
Bitcoin plunged 11.82% during the quarter, marking its worst performance since 2018. Ethereum recorded a much steeper decline at 45%.
About $224 million was liquidated from the market in the last 24 hours, with upside bets accounting for more than 50%.&nbsp;
That said, over $350 million in short positions for the BTC/USDT perpetual futures pair on Binance would be liquidated if the digital asset climbed to $85,000.
Moreover, about 51% of Binance traders were positioned short on Bitcoin, according to the Long/Short Ratio, suggesting a potential pullback.
"Fear" sentiment pervaded the market, according to the Crypto Fear and Greed Index.
Top Gainers (24-Hours)
<figure class="wp-block-table"> 
<table>
<tbody>
<tr>
<td>Cryptocurrency</td>
<td>Gains +/-</td>
<td>Price (Recorded at 8:30 p.m. ET)</td>
</tr>
<tr>
<td>Curve DAO Token (CRV)</td>
<td>+8.30%</td>
<td>$0.5057</td>
</tr>
<tr>
<td>Zcash (ZEC)</td>
<td>+6.38%</td>
<td>$39.70</td>
</tr>
<tr>
<td>Jito (JTO)</td>
<td>+6.03%</td>
<td>$2.33</td>
</tr>
</tbody>
</table>
</figure>
The global cryptocurrency market capitalization stood at $2.67 trillion, following an increase of 0.85% over the previous day.
Major stock indexes ended Monday's session in the green. The Dow Jones Industrial Average jumped 417.86 points, or 1%, to close at 42,001.76. The S&amp;P 500 rose 0.55% to end at 5,611.85. The tech-heavy Nasdaq Composite closed 0.14% lower at 17,299.29.
The market continued to trade against the backdrop of tariff uncertainty ahead of Trump's "Liberation Day," on which <a href="https://in.benzinga.com/government/regulations/25/03/44575292/trump-to-target-dirty-15-countries-with-tariffs-which-countries-could-be-included">"reciprocal" levies would be imposed</a> on partners deemed to have unfair trade barriers against U.S. goods.
See More: <a href="https://www.benzinga.com/money/best-crypto-scanners">Best Cryptocurrency Scanners</a>
Analyst Notes: Popular blockchain analytics firm Santiment noticed a sharp spike in whale wallets, i.e., those holding between 1,000 and 10,000 BTC, amid the ongoing correction.
"There are now 1,993 Bitcoin wallets of this size, which is the highest level since December 2024," Santiment stated.&nbsp;
The firm added that a 2.6% spike in "one of the most important" key stakeholder tiers in cryptocurrency in five weeks could be taken as a "slight sign of confidence."
<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">&#x1f433; Bitcoin&#39;s market value has fluctuated between $81K to $84K Monday. And while prices continue ranging as March draws to a close, whale wallets (specifically 1K-10K <a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$BTC</a> holders) continue growing in number. There are now 1,993 <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw">#Bitcoin</a> wallets of this size, which is the highest… <a href="https://t.co/iVYj9XdxAj">pic.twitter.com/iVYj9XdxAj</a>
&mdash; Santiment (@santimentfeed) <a href="https://twitter.com/santimentfeed/status/1906790953534521689?ref_src=twsrc%5Etfw">March 31, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
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Meanwhile, influential cryptocurrency analyst Ali Martinez highlighted that Bitcoin traders were sitting on average unrealized losses of over 14%, which may dissuade them from selling.
<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"><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> traders are sitting on an average unrealized loss of 14.57%, which may discourage them from selling! <a href="https://t.co/zUPf0t3YiV">pic.twitter.com/zUPf0t3YiV</a>
&mdash; Ali (@ali_charts) <a href="https://twitter.com/ali_charts/status/1906700003722330581?ref_src=twsrc%5Etfw">March 31, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
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Martinez said Ethereum needed to retake $2,100, followed by $2,300, to confirm a bullish trend reversal.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true"><a href="https://twitter.com/hashtag/Ethereum?src=hash&amp;ref_src=twsrc%5Etfw">#Ethereum</a> <a href="https://twitter.com/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$ETH</a> needs to reclaim $2,100, and more decisively, $2,300, to confirm a bullish trend reversal. These are the levels to watch! <a href="https://t.co/ldK5HROHvd">pic.twitter.com/ldK5HROHvd</a>
&mdash; Ali (@ali_charts) <a href="https://twitter.com/ali_charts/status/1906721394718859533?ref_src=twsrc%5Etfw">March 31, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
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Photo by SvetlanaParnikova on Shutterstock
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Bitcoin, Ethereum, Dogecoin Rise As Trump Family Foray Into BTC Mining: Whale Wallet Spike 'Slight Sign Of Confidence,' Says Analyst

At Alibaba Group Holding's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BABA#NYSE">BABA</a>) historic IPO in 2014, its co-founder, Jack Ma, spoke about his favorite movie, Forrest Gump, which provided a source of inspiration for the Chinese entrepreneur. Today, 11 years later, Alibaba has transformed into a $319 billion giant.
What Happened: During Alibaba's much-anticipated IPO on the New York Stock Exchange in 2014, in a conversation with CNBC, Ma drew a parallel between his own journey and the perseverance of Forrest Gump, the iconic fictional character played by Tom Hanks.&nbsp;
No matter what happens, "you are you," Ma said, reflecting on his belief in the importance of staying true to one's values and mission despite challenges.
See Also:&nbsp;<a href="https://www.benzinga.com/tech/25/03/44238979/palantir-cofounder-peter-thiel-might-write-a-book-about-ancient-prophecies-the-antichrist-and-armageddon-he-thinks-were-ignoring-the-real-threat" target="_blank" rel="noreferrer noopener">Palantir Cofounder Peter Thiel Might Write A Book About Ancient Prophecies, The Antichrist, And Armageddon— He Thinks We're Ignoring The Real Threat</a>
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<iframe loading="lazy" title="China&#039;s richest man Jack Ma on Alibaba&#039;s IPO success and Forrest Gump" width="500" height="281" src="https://www.youtube.com/embed/tFFv4UT-Rhs?feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" referrerpolicy="strict-origin-when-cross-origin" allowfullscreen></iframe>
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This simple but profound philosophy helped guide Ma and Alibaba through what was then a historic IPO, raising $25 billion—at the time, the largest IPO in U.S. history.
The funds fueled Alibaba's ambitions to build an ecosystem that could serve small businesses in China and across the world, positioning itself as the leader of e-commerce and digital services.
Reflecting on the IPO day, Ma was both excited and overwhelmed, acknowledging that it was a momentous achievement. However, he reiterated that the most important thing for Alibaba was not the money or the stock market but the trust and responsibility the company now had toward its customers and employees.&nbsp;
Subscribe to the&nbsp;<a href="https://bztechtrends.beehiiv.com/subscribe" target="_blank" rel="noreferrer noopener">Benzinga Tech Trends newsletter</a>&nbsp;to get all the latest tech developments delivered to your inbox.
Why It Matters: Founded in 1999 by Ma and 17 co-founders, Alibaba began as a platform designed to link Chinese exporters with international buyers, with a strong focus on supporting small businesses.
In January 2000, Alibaba secured a $20M investment from a SoftBank-led group. In May 2003, the company launched Taobao, providing a marketplace for third-party sellers in China.
In December 2004, the Chinese e-commerce giant debuted Alipay and introduced QR code-based payments, which later sparked governance disputes.
In 2005, Yahoo invested $1 billion for a 40% stake, becoming Alibaba's largest shareholder and handing over control of Yahoo China. However, in September 2012, Alibaba repurchased half of Yahoo's stake for $7.6 billion.
Before listing in the U.S., Alibaba carried an IPO in Hong Kong and raised HK$13.1 billion, but in 2012, it delisted from the exchange, paying $2.45 billion to go private.
Tmall was introduced in 2008, and the following year, Alibaba Cloud was launched.&nbsp;
In 2019, Alibaba witnessed a leadership shift as Ma officially stepped down as chairman. Eddie Wu is the current CEO of Alibaba.&nbsp;
Today, Alibaba has become one of the world's most valuable companies, with a market capitalization of $319 billion.
Alibaba has been navigating the challenges posed by U.S. technology controls while advancing its domestic chip-based AI initiatives. In 2018, the company announced plans to make its chip accessible through its cloud platform.
In March, Alibaba introduced a new AI chip, XuanTie C930, to drive <a href="https://in.benzinga.com/markets/emerging-markets/25/03/44229408/alibaba-unveils-new-ai-chip-to-power-chinas-open-source-tech-push-challenge-us-chip-giants">China&#8217;s open-source technology</a> efforts and compete with major US chipmakers.
During the same month, <a href="https://www.benzinga.com/25/03/44536478/alibabas-ai-driven-rally-signals-china-techs-revival-report">Alibaba-backed</a> Ant Group reportedly achieved a significant milestone by successfully training AI models using semiconductors from domestic Chinese companies, resulting in a 20% reduction in costs compared to using Nvidia Corporation&#8217;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) chips, despite ongoing reliance on some American technology.
This shift reflects a broader trend among Chinese companies to enhance self-sufficiency in AI development amidst geopolitical tensions.
Price Action: Alibaba shares have surged 55.66% year-to-date. On Monday, the stock dipped 0.15% to $132.23 during the regular session and edged down another 0.068% after hours, <a href="http://pro.benzinga.com/">according to Benzinga Pro</a>.
Photo by Frederic Legrand &#8211; COMEO on Shutterstock
Check out more of Benzinga&#8217;s Consumer Tech coverage by&nbsp;<a href="https://www.benzinga.com/topic/consumer-tech" target="_blank" rel="noreferrer noopener">following this link</a>.
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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.

BABA

Jack Ma Drew A Parallel Between Himself And Forrest Gump At The Alibaba IPO Over A Decade Ago — The Philosophy Inspired By The Iconic Character Has Helped Build A Tech Giant Worth $319 Billion

Some people turn to Reddit for honest feedback as they look to improve themselves. This trend came up again in the Bogleheads subreddit. A 26-year-old <a href="https://www.reddit.com/r/Bogleheads/comments/1jki9nq/roast_my_portfolio/">shared this post</a> where he asked for feedback on his portfolio.&nbsp;
The portfolio consists of the Vanguard Total Stock Market Index Fund ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VTI#NYSE">VTI</a>), Avantis U.S. Small Cap Value ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AVUV#NYSE">AVUV</a>), and Vanguard Total International Stock Index Fund ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VXUS#NASDAQ">VXUS</a>).&nbsp;
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VTI makes up 75% of his portfolio, AVUV makes up 15%, and VXUS covers the remaining 10%. The Redditor contributes 25% of his gross income to a TSP and an IRA. He's also increasing his contributions every year.
The post got plenty of attention, and Reddit was pretty honest with its feedback.&nbsp;
<h2 class="wp-block-heading">Not Enough International Exposure</h2>
A few commenters were quick to point out that the Redditor's portfolio doesn't have enough exposure to international stocks. One commenter said that this arrangement is only okay if the Redditor believes the U.S. will continue to outperform and that the dollar will remain expensive indefinitely.&nbsp;
When investors decide how to allocate their capital, they should have investment theses guiding some of those decisions. If the Redditor believes U.S. stocks will continue to outperform, then it makes sense that U.S. stocks make up most of his portfolio. However, if the Redditor has any doubts, boosting exposure to international stocks can make sense.
Trending: It&#8217;s no wonder Jeff Bezos holds over $250 million in art — <a href="https://www.benzinga.com/money/masterworks">this alternative asset has outpaced the S&amp;P 500 since 1995, delivering an average annual return of 11.4%. Here&#8217;s how everyday investors are getting started.</a>
The emphasis on international stocks comes at a time when President Donald Trump's tariffs are impacting global trade. Many people on Reddit are nervous about this development, but the original poster still favors U.S. stocks.
The 26-year-old mentioned that he is optimistic about corporate tax rate cuts, which will further bolster the U.S. as a country with "some of the friendliest business policies in the world."
<h2 class="wp-block-heading">Set It and Forget It</h2>
One of the commenters suggested that the Redditor <a href="https://www.benzinga.com/general/24/05/39009907/are-index-funds-really-the-safest-set-and-forget-investment-option">sets and forgets his portfolio</a>. At this point, the Redditor should continue to invest while focusing on increasing his income. The Redditor seems to have this mentality based on a desire to increase his contribution each year. Furthermore, he is providing for a wife and two kids, and you get into a different mindset when you have to provide for others.
See Also: <a href="https://www.benzinga.com/money/gbr-savings-by-age">If You're Age 35, 50, or 60: Here&#8217;s How Much You Should Have Saved Vs. Invested By Now</a>
The commenter once again suggested that the 26-year-old increases his exposure to international stocks. However, the commenter also suggested lowering small cap exposure once he reaches his 30s.
<h2 class="wp-block-heading">The Roasts Were Light</h2>
When you buy a few ETFs, there isn't as much roasting you can do about someone's portfolio. The Redditor has three ETFs, with VTI making up the bulk of the portfolio. While growth-oriented ETFs can deliver higher returns, it's important to consider your <a href="https://www.benzinga.com/markets/equities/25/03/44217823/when-uncertainty-becomes-unambiguously-high">risk tolerance</a> before getting started.
The Redditor is on active duty and plans to stay in the military for 20 years to get the retirement benefits. Those significant benefits and steady investments will make it easier for the Redditor to achieve his goal of retiring before he turns 50.
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AVUV

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26-Year-Old Asks Fellow Investors to 'Roast' His Portfolio on Reddit – 'I'm Currently Investing About 25% of My Gross Income'

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