Shuttle Pharmaceuticals Bolsa (NASDAQ: SHPH)

Últimas noticias sobre Shuttle Pharmaceuticals (NASDAQ:SHPH) Bolsa

Shuttle Pharmaceuticals

Shuttle Pharmaceuticals Holdings Inc is a clinical-stage pharmaceutical company leveraging its proprietary technology to develop novel therapies designed to cure cancers. The company's goal is to extend the benefits of cancer treatments with surgery, radiation therapy, chemotherapy and immunotherapy. Radiation therapy (RT) is one of the effective modalities for treating cancers. It is developing a pipeline of products designed to address the limitations of the current cancer therapies as well as to extend to the new applications of RT. The company believes that its product candidates will enable the company to deliver cancer treatments that are safer, more reliable and at a greater scale than that of the current standard of care.

Shuttle Pharmaceuticals Holdings, Inc. - common stock

Shuttle Pharmaceuticals Holdings Inc

SIHUAN PHARM HOLDINGS GP by Sihuan Pharmaceutical Holdings Group Ltd.

Sihuan Pharmaceutical Holdings Group Ltd

SIHUAN PHARM HLDGS ADR by Sihuan Pharmaceutical Holdings Group Ltd.

On Wednesday, Apple Inc. co-founder Steve Wozniak criticized the Department of Government Efficiency's or DOGE <a href="https://in.benzinga.com/25/02/43754316/irs-gears-up-to-lay-off-thousands-of-workers-potentially-impacting-tax-season-no-analysis-to-the-impact-it-will-have-on-operations">approach to mass layoffs</a>, calling its sweeping federal workforce cuts a reckless strategy that lacks precision.
What Happened: During an interview <a href="https://www.cnbc.com/2025/03/05/apple-co-founder-steve-wozniak-donald-trump-and-elon-musk-are-bullies.html">with</a> CNBC, Wozniak expressed concerns over DOGE's aggressive cost-cutting tactics, which have resulted in thousands of federal employees losing their jobs.
&#8220;Mass firings — not good for a business to run that way,&#8221; he stated, suggesting that instead of indiscriminate cuts, DOGE should approach workforce reductions "more surgically, with a scalpel instead of a sledgehammer."
See Also: <a href="https://www.benzinga.com/25/03/44158377/elon-musks-influence-under-scrutiny-as-senate-votes-to-block-cfpbs-oversight-of-digital-payments-sparks-ethics-investigation">Elon Musk&#8217;s Influence Under Scrutiny As Senate Votes To Block CFPB&#8217;s Digital Payments Oversight, Sparks Conflict-Of Interest Probe</a>
The Apple co-founder has previously also criticized Tesla Inc. and found himself at odds with Elon Musk.
While the White House maintains that Musk does <a href="https://in.benzinga.com/25/02/43801916/elon-musk-has-no-actual-authority-to-make-government-decisions-says-trump-white-house-on-doge">not officially lead DOGE</a>, President Donald Trump mentioned <a href="https://www.benzinga.com/markets/equities/25/03/44133368/trumps-congressional-address-taps-elon-musk-for-government-overhaul-revives-drill-baby-drill-for-energy-boom">during his address on Tuesday</a> that "DOGE is headed by Elon Musk," reinforcing the widespread belief that he is the driving force behind the agency.
DOGE's mass layoffs have sparked controversy. The agency's actions have also <a href="https://in.benzinga.com/news/25/02/43578729/court-halts-musks-doge-squad-from-gaining-access-to-treasury-payment-systems-a-risk-of-irreparable-harm">prompted legal challenges</a>, with Trump's latest comments being flagged in an ongoing lawsuit against DOGE.
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Why It Matters: Wozniak is not the only prominent business figure speaking out against DOGE. Billionaire entrepreneur Mark Cuban has also taken to Bluesky and said that the agency's cuts will "inevitably" create chaos, calling its approach "not so brilliant."
On the other hand, Jamie Dimon, CEO of JPMorgan Chase, has <a href="https://in.benzinga.com/news/25/03/44067853/jpmorgan-ceo-jamie-dimon-talks-doge-efficiency-and-trumps-regulatory-changes-weve-become-a-bureaucratic-mess">expressed support</a> for the idea of cutting wasteful spending but has also highlighted the chaos and legal challenges that DOGE&#8217;s methods have introduced.
DOGE is also said to have saved $65 billion. However, experts have labeled these statements as &#8220;<a href="https://in.benzinga.com/news/25/03/44143475/trumps-u-s-doge-service-claims-65b-in-savings-experts-call-it-smoke-and-mirrors-amid-resignations">smoke and mirrors</a>&#8221; amid a wave of resignations.
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>.
Read Next:
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</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.
Photo courtesy: Shutterstock

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Apple Co-Founder Steve Wozniak Blasts DOGE's Mass Firings, Says Musk-Led Cuts Are Like Using A Sledgehammer Instead Of A Scalpel

The U.S. Justice Department has indicted 12 Chinese nationals for their alleged involvement in a worldwide hacking campaign. 
What Happened: The Justice Department suspects China&#8217;s Ministry of Public Security and Ministry of State Security to have employed hackers to acquire confidential information and track down critics worldwide. 
Assistant Director of the FBI's Cyber Division, Bryan Vorndran, stated &#8221; Chinese Ministry of Public Security has been paying hackers-for-hire to inflict digital harm on Americans who criticize the Chinese Communist Party (CCP).&#8221;
The individuals under suspicion comprise two officers from China&#8217;s Ministry of Public Security, eight employees of a company called i-Soon, and two members of the group known as Advanced Persistent Threat 27 (APT27), Zhou Shuai and Yin Kecheng.
Embassy of the People&#8217;s Republic of China in the U.S. did not immediately respond to <a href="http://pro.benzinga.com">Benzinga&#8217;s</a> request for comment. 
The individuals would face federal charges in both New York and Washington. The Justice Department has announced a reward of up to $10 million for information regarding the MPS officers and i-Soon, and $2 million, each, for the APT27 members. The hackers are suspected to have sold stolen information to China&#8217;s intelligence and security agencies, aiding in the suppression of free speech and democratic processes globally.
The group&#8217;s targets included a major religious organization critical of the Chinese government, an organization advocating for human rights and religious freedom in China, and several news outlets in the U.S. The foreign ministries of Taiwan, India, South Korea, and Indonesia, along with a Hong Kong newspaper and a religious leader, were among the other intended targets.
Meanwhile, Liu Pengyu, the Chinese embassy spokesperson said, "We urge the US to stop using cybersecurity issues to smear China and stop abusing illegal unilateral sanctions,&#8221; <a href="https://www.scmp.com/news/china/article/3301215/us-says-china-operating-hacker-hire-network-available-cyberattacks-worldwide?module=top_story&amp;pgtype=homepage">reported </a>the South China Morning Post. Pengyu added, &#8220;China will take necessary measures to safeguard the legitimate rights and interests of Chinese companies and citizens."
SEE ALSO: <a href="https://www.benzinga.com/25/03/44149983/feds-beige-book-shows-slight-growth-consumer-spending-decreased">Fed&#8217;s Beige Book Shows Slight Growth: Consumer Spending Slips As Prices Rise</a>
Why It Matters: This indictment is a significant development in the ongoing cyber warfare between the US and China. The charges are the first major hacking-related national security case brought under President Donald Trump's Justice Department. In 2022, the Office of the U.S. Trade Representative and FBI estimated the financial impact of the Chinese cyber attacks at between $300 billion and $600 billion per year, as per testimony by William R. Evanina, CEO of The Evanina Group.
The victims of these hackers include US-based critics of the Chinese government, Asian government foreign ministries, and U.S. federal and state agencies. This follows a recent incident that highlighted the activities of another Chinese hacker group, <a href="https://www.benzinga.com/25/02/43692893/chinese-hacker-group-salt-typhoon-expands-global-telecom-exploits-targets-cisco-routers">Salt Typhoon</a>, which has been exploiting vulnerabilities in global telecom networks and universities.
The U.S. Justice Department recognizes the vital role of public-private partnerships in addressing advanced cyber threats and thanked Microsoft (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>) and Alphabet&#8216;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>) Mandiant among others for being instrumental in these investigations.
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<li>READ MORE: <a href="https://www.benzinga.com/news/25/03/44140016/tesla-stock-is-tumbling-and-dave-portnoy-is-calling-out-elon-musk-how-far-does-tsla-stock-have-to-crash-before-elon-goes-back-to-work">Tesla Stock Is Tumbling And Dave Portnoy Is Calling Out Elon Musk: &#8216;How Far Does TSLA Stock Have To Crash Before Elon Goes Back To Work?&#8217;</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.

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US Indicts 12 Chinese Nationals Over Alleged Global Hacking Operation Targeting Critics: '...Been Paying Hackers-For-Hire To Inflict Digital Harm On Americans'

Jeff Bezos is reshaping rocket maker Blue Origin with Amazon.com Inc.&#8217;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>) demanding corporate culture as he seeks to accelerate the company&#8217;s progress against Elon Musk&#8217;s SpaceX.
What Happened: The world&#8217;s third-richest person has appointed former Amazon executives in key leadership positions, including CEO Dave Limp, who joined in late 2023. Several other Amazon veterans now occupy C-suite roles, bringing the tech giant&#8217;s aggressive management style to the space venture.
This cultural transformation has already produced significant changes. In February, about 10% of Blue Origin&#8217;s 10,000-plus <a href="https://www.benzinga.com/25/02/43721476/bezos-blue-origin-to-lay-off-10-employees-despite-successful-launch-to-orbit-report">workforce was laid off</a> despite January&#8217;s successful New Glenn rocket launch, the company&#8217;s first orbital mission. Meanwhile, employees report longer working hours, with some moved to permanent 50-hour weeks and badge scanners tracking attendance.
&#8220;We grew and hired incredibly fast in the past few years, and with that growth came more bureaucracy and less focus than we needed,&#8221; Limp told employees in an email <a href="https://www.ft.com/content/e2674524-e329-4e60-87e1-f877881bf529">obtained</a> by the Financial Times.
Blue Origin did not immediately respond to&nbsp;<a href="http://pro.benzinga.com/" target="_blank" rel="noreferrer noopener">Benzinga</a>'s request for comment.
See Also:&nbsp;<a href="https://www.benzinga.com/personal-finance/25/03/44068159/nba-legend-shaq-says-his-net-worth-quadrupled-once-he-took-note-from-jeff-bezos-and-started-investing-in-things-that-change-peoples-lives" target="_blank" rel="noreferrer noopener">NBA Legend Shaq Says His Net Worth ‘Quadrupled&#8217; Once He Took Note From Jeff Bezos And Started Investing In Things That ‘Change People&#8217;s Lives&#8217;</a>
Why It Matters: Blue Origin lags significantly behind SpaceX, which has reached orbit more than 450 times compared to Blue Origin&#8217;s single success. The company spends approximately $2 billion annually while generating just over $1 billion in revenue, according to the report.
Bezos, who stepped down as Amazon CEO in 2021, has taken a more active role at Blue Origin.
The company is also making headlines with its <a href="https://www.benzinga.com/general/space/25/02/44019974/katy-perry-gayle-king-lauren-sanchez-headline-next-blue-origin-space-flight-how-jeff-bezos-fiancee-crew-will-make-history">passenger space tourism business</a>. This spring, Blue Origin will launch its first all-woman crew, including Bezos&#8217; fiancée Lauren Sánchez, pop star Katy Perry, and CBS journalist Gayle King.
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Image Via Shutterstock
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

SPACE

AMZN

Jeff Bezos Brings Amazon's Hard-Charging Culture, 50-Hour Workweek To Blue Origin: CEO Says Growth Led To 'More Bureaucracy...Less Focus'

Medical technology company&nbsp;BioNexus Gene Lab Corp.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BGLC#NASDAQ">BGLC</a>) announced the adoption of Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>) as a&nbsp;treasury reserve asset on Wednesday, following the cryptocurrency&#8217;s inclusion in the U.S. strategic reserve.
What Happened: The company&#8217;s board approved the&nbsp;new Ethereum-focused treasury strategy, according to a press release.
&#8220;This decision marks BGLC as the first Nasdaq-listed company to exclusively prioritize Ethereum as a strategic treasury asset, and is in line with recent announcements of Ethereum being included in the U.S. "Crypto Strategic Reserve," BioNexus said.
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/25/03/44133314/el-salvadors-president-bukele-remains-defiant-amid-imfs-concerns-on-bitcoin-accumulation-it-wont-stop-now-and-it-wont-stop-in-the-future">El Salvador&#8217;s Nayib Bukele Defiant Amid IMF&#8217;s Bitcoin Accumulation Concerns: &#8216;It Won&#8217;t Stop Now, And It Won&#8217;t Stop In The Future&#8217;</a>
Alongside this, the company also unveiled its Ethereum Strategy Whitepaper, outlining the rationale behind opting for Ethereum. 
The whitepaper highlights Ethereum&#8217;s strengths in decentralized finance, <a href="https://www.benzinga.com/topic/stablecoin">stablecoin </a>settlements, and the ability to generate passive income through <a href="https://www.benzinga.com/money/how-to-stake-ethereum-eth#:~:text=Staking%20is%20a%20process%20in,provides%20you%20with%20a%20reward.">staking</a>.
The whitepaper provides a deep dive into Ethereum&#8217;s&nbsp;institutional adoption, staking capabilities, and&nbsp;forthcoming protocol upgrades, all of which strengthen&nbsp;its long-term value and corporate&nbsp;utility.
The company also credited the blockchain-friendly laws of <a href="https://www.benzinga.com/markets/cryptocurrency/24/07/40014390/university-of-wyoming-launches-first-ever-academic-bitcoin-research-institute">Wyoming</a>, where it is incorporated, for influencing the decision.
Why It Matters: BioNexus&#8217; move comes amid strengthening discourse around stacking cryptocurrency in corporate reserves to benefit from long-term gains.
Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) treasury company Strategy Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>) has been the <a href="https://www.benzinga.com/25/03/44135791/investor-mike-alfred-alleges-wall-street-giants-are-targeting-michael-saylor-led-strategy-by-driving-bitcoin-lowercritic-dismisses-it-as-conspiratorial-thinking">market leader</a>, accumulating a stockpile worth over $43.84 billion, <a href="https://bitcointreasuries.net/" target="_blank" rel="noreferrer noopener">according</a> to bitcointreasuries.net.
Both Bitcoin and Ethereum would be at the &#8220;heart&#8221; of a U.S. strategic cryptocurrency reserve, President Donald Trump <a href="https://www.benzinga.com/25/03/44107003/trump-faces-backlash-over-crypto-reserve-plan-from-bitcoin-supporters-including-his-own-dont-think-the-government-should-be-pumping-our-crypto-bags-with-taxpayer-money">declared </a>last week.
Price Action: At the time of writing, Ethereum was exchanging hands at $2,303.40, up 5.53% 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>. 
Shares of BioNexus were up 5.39% in after-hours trading, after closing 3.37% higher at $0.3416 during Wednesday&#8217;s trading session.
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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.<a href="https://www.benzinga.com/apis?utm_source=benzinga.com&amp;utm_campaign=article-bottom" rel="noreferrer noopener" target="_blank"></a>
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BioNexus Stock Pops As It Embraces Ethereum-Focused Treasury Strategy, Says It Is First On Nasdaq To Do So

Rigetti Computing Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RGTI#NASDAQ">RGTI</a>) missed its fourth-quarter estimates but equated its quantum computing progress with International Business Machines (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IBM#NYSE">IBM</a>) and Alphabet Inc.&#8216;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 with an ambitious target of scaling its chiplet strategy up to 100 qubits in 2025.
What Happened: Quantum computing race heats up as Rigetti&#8217;s president and CEO, Subodh Kulkarni, said during the company&#8217;s earnings call that it is a leader in the space as it is competing right at the top along with IBM and Google.
Explaining that RGTI&#8217;s roadmap was comparable to IBM, Google, Kulkarni added that &#8220;we certainly view ourselves along with IBM and Google in the leadership position&#8221;.
After its latest launch of 84-qubit Ankaa-3 system in December 2024, it outlined plans to scale to 100-plus qubits by the end of the year. However, IBM had unveiled its 400 qubit-plus quantum processor in 2022, which was not deployed because of challenges, said Kulkarni.
&#8220;IBM tried to go to 430-qubits a year ago and they had some challenges, which is why you don&#8217;t find it deployed right now,&#8221; he added. Google, on the other hand, last launched its Willow chip with 105 qubits.
See Also: <a href="https://www.benzinga.com/25/03/44138112/defense-stocks-take-centerstage-as-donald-trump-freezes-ukraine-military-aid-heres-a-list-of-top-global-defense-etfs-to-watch">Defense Stocks In Focus As Trump Freezes Ukraine Military Aid: Here&#8217;s A List Of Top Global Defense ETFs To Watch</a>
Why It Matters: Despite IBM and Google&#8217;s lead in qubit counts, RGTI remained confident with its CEO saying that there were over 10 things to &#8220;differentiate&#8221; them from the peers. &#8220;The main differentiators are our open modular architecture, chiplet approach and a few other things like annealing,&#8221; Kulkarni said.
Along with this, RGTI expects strong government funding and focus on R&amp;D to keep them competitive in fidelity and gate speed advancements. &#8220;So overall between DOE and DoD, we are expecting sizable increase in U.S. government investment in quantum computing,&#8221; said CEO.
Its fourth quarter revenue came in at $2.3 million, <a href="https://www.benzinga.com/news/earnings/25/03/44153467/rigetti-computing-q4-earnings-revenue-miss-quanta-computer-collaboration-highlights">missing estimates</a>, with an adjusted EPS loss of $0.08, which met the estimates. Full-year revenue was $10.8 million, and net loss was $201 million. RGTI ended the year with $217.2 million in cash.
Rigetti also partnered with Quanta Computer with the latter investing $35 million and both committing over $100 million to the collaboration over the next five years.
Price Action: Rigetti rose 4.07% on Wednesday and fell 11% after-hours following its earnings announcement. The exchange-traded fund tracking the Nasdaq Composite index, Fidelity NASDAQ Composite Index ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ONEQ#NASDAQ">ONEQ</a>) rose 1.43%.
The stock remains 59.10% lower on a year-to-date basis, however, it&#8217;s up 359.55% over a year.
<a href="https://www.benzinga.com/quote/WBA/analyst-ratings">Benzinga tracks eight analysts</a> with an average price target of $8.43 for the stock, reflecting a &#8220;buy&#8221; rating. Estimates range widely from $1.5 to $15. Recent ratings from Benchmark, and B. Riley Securities average at $12.5, suggesting a potential 71.70% upside.
<figure class="wp-block-image size-large"><a href="https://www.benzinga.com/quote/WBA/analyst-ratings"><img loading="lazy" decoding="async" width="1024" height="388" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/03/06014931/RGTI-ANR-1024x388.png" alt="" class="wp-image-811494" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/03/06014931/RGTI-ANR-1024x388.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/03/06014931/RGTI-ANR-300x114.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/03/06014931/RGTI-ANR-768x291.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/03/06014931/RGTI-ANR.png 1069w" sizes="(max-width: 1024px) 100vw, 1024px" /></a></figure>
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Rigetti Asserts 'Leadership' In Quantum Computing Race, Aims To Scale To 100 Qubits As It Looks To Catch Up With IBM, Google

With U.S. stock futures trading lower this morning on Thursday, some of the stocks that may grab investor focus today are as follows:
<ul>
<li>Wall Street expects BJ&#8217;s Wholesale Club Holdings Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BJ#NYSE">BJ</a>) to report quarterly earnings at 88 cents per share on revenue of $5.32 billion before the opening bell, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>. BJ&#8217;s Wholesale shares slipped 0.1% to $100.06 in after-hours trading.</li>
<li>Analysts are expecting The Kroger Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KR#NYSE">KR</a>) to post quarterly earnings at $1.11 per share on revenue of $34.51 billion. The company will release earnings before the markets open. Kroger shares fell 0.2% to $62.39 in after-hours trading.</li>
<li>Veeva Systems Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VEEV#NYSE">VEEV</a>) reported fourth-quarter revenue of $720.9 million, up 14% year-over-year. The revenue beat a Street consensus estimate of $699.11 million according to data from Benzinga Pro. For the full fiscal year, the company is guiding for revenue in a range of $3.04 billion to $3.055 billion versus an analyst estimate of $3.055 billion. The company guides for full-year earnings per share of $7.32, versus a Street consensus estimate of $6.91. Veeva shares gained 7.1% to $235.50 in the after-hours trading session.</li>
</ul>
Check out our <a href="https://www.benzinga.com/premarket/">premarket coverage here</a>
<ul>
<li>Before the markets open, Macy&#8217;s Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/M#NYSE">M</a>) is projected to post quarterly earnings at $1.53 per share on revenue of $7.87 billion. Macy&#8217;s shares gained 0.5% to $13.37 in after-hours trading.</li>
<li>Analysts expect Hewlett Packard Enterprise Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HPE#NYSE">HPE</a>) to post quarterly earnings at 49 cents per share on revenue of $7.82 billion after the closing bell. Hewlett Packard Enterprise shares gained 0.3% to close at $18.89 on Wednesday.</li>
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VEEV

Kroger, BJ's Wholesale Club And 3 Stocks To Watch Heading Into Thursday

Amgen Inc.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMGN#NASDAQ">AMGN</a>) has kicked off two crucial phase three trials for MariTide, its investigational weight loss injection. This move marks a significant step in the company&#8217;s pursuit to break into the growing market for obesity drugs.
What Happened: The MARITIME program, the drug&#8217;s phase three development program, is advancing remarkably well, said Dr. Jay Bradner, Amgen&#8217;s Executive Vice President of Research and Development at the 45th Annual TDCowen Healthcare Conference on Wednesday, as per <a href="https://www.cnbc.com/2025/03/05/amgen-weight-loss-drug-maritide-starts-two-phase-three-trials.html">CNBC</a>. MariTide, a monthly injection, is anticipated to rival the existing weekly weight loss injectables from Novo Nordisk&#8216;s (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NVO#NYSE">NVO</a>) Ozempic and Wegovy and Eli Lilly&#8216;s (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LLY#NYSE">LLY</a>) Zepbound. These medications belong to a class called GLP-1s, which mimic specific gut hormones to regulate appetite and blood sugar levels.
The initial trial in the new phase three series will evaluate MariTide in approximately 3,500 individuals with obesity or those who are overweight but do not have Type 2 diabetes. The second trial will evaluate MariTide in 999 patients who are obese or overweight and have Type 2 diabetes. Both studies are primarily focussed to measure the percentage of weight loss over 72 weeks.
In November, Amgen revealed that MariTide enabled obesity patients to lose an average of up to 20% of their weight over a year in a phase two trial, without reaching a weight loss plateau. However, these results did not meet Wall Street&#8217;s lofty expectations for the drug. Amgen&nbsp;is set to release&nbsp;additional information on MariTide this&nbsp;year.
SEE ALSO:<a href="https://www.benzinga.com/markets/equities/25/03/44157043/jim-cramer-doubles-down-on-crowdstrike-despite-drop-analysts-who-were-so-negativehad-it-wrong"> Jim Cramer Doubles Down On CrowdStrike Despite Drop: &#8216;Analysts Who Were So Negative…Had It Wrong&#8217;</a>
Why It Matters: According to Morgan Stanley Research, the global market for weight-loss drugs is projected to reach $105 billion by 2030. The obesity drug market is also highly competitive, with companies like&nbsp;Novo Nordisk&nbsp;recently enhancing access to its weight-loss medication, Wegovy, by lowering prices and <a href="https://www.benzinga.com/25/03/44143391/novo-nordisk-boosts-wegovy-access-with-lower-pricing-and-home-delivery">offering home delivery</a>. Amgen&#8217;s entry into this market with MariTide could potentially disrupt the current market dynamics.
Moreover, Amgen&#8217;s recent success with its <a href="https://www.benzinga.com/25/03/44083934/amgen-astrazeneca-partnered-asthma-drug-shows-rapid-and-sustained-effect-in-chronic-rhinosinusitis">partnered asthma drug </a>with&nbsp;AstraZeneca&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AZN#NASDAQ">AZN</a>) in treating chronic rhinosinusitis with nasal polyps, further underscores the company&#8217;s commitment to addressing significant health issues. The success of MariTide in the upcoming trials could further cement Amgen&#8217;s position in the pharmaceutical industry.
<ul>
<li>READ MORE: <a href="https://www.benzinga.com/news/25/03/44139027/aoc-rips-into-elon-musk-he-is-not-a-scientist-he-is-not-an-engineer-he-is-a-billionaire-con-man-with-a-lot-of-money">AOC Rips Into Elon Musk: &#8216;He Is Not A Scientist, He Is Not An Engineer. He Is A Billionaire Con Man With A Lot Of Money&#8217;</a></li>
</ul>
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Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

AMGN

Amgen Challenges Novo Nordisk's Ozempic And Eli Lilly's Zepbound As Its Monthly Weight Loss Drug MariTide Enters Two Late-Stage Trials

Microsoft Corp.&#8217;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>) refusal to explore Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) investments dampened the spirits of cryptocurrency enthusiasts who had hoped the tech behemoth's move would drive demand for the leading digital asset.
However, it's worth noting that one of its largest shareholders, State Street Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/STT#NYSE">STT</a>), is a known backer of cryptocurrencies and blockchain technology.
What happened: A financial services giant, State Street, managed about $4.7 trillion in assets as of this writing, making it one of the world's biggest asset managers. The firm also manages the SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>), the world&#8217;s largest and arguably the most popular exchange-traded fund.
Aside from traditional finance, State Street has ventured into digital asset investing.&nbsp;
The firm, in collaboration with cryptocurrency-focused financial firm Galaxy Digital, <a href="https://investors.statestreet.com/investor-news-events/press-releases/news-details/2024/State-Street-Global-Advisors-Debuts-Three-Digital-Asset-and-Disruptive-Technology-ETFs-Actively-Managed-By-Galaxy-Asset-Management/default.aspx">launched </a>ETFs in September last year, including SPDR Galaxy Digital Asset Ecosystem ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DECO#NASDAQ">DECO</a>), that give investors exposure to companies expected to benefit from the adoption of digital assets and blockchains.
State Street projected <a href="https://www.ft.com/content/bc2f1484-1cd8-41d7-85e8-6ad9c754d611">recently </a>that demand for cryptocurrency ETFs would surpass that of precious metal ETFs in North America by the end of 2025, placing them just after equities and bonds in the ETF market.
The company was also exploring avenues like <a href="https://www.benzinga.com/topic/tokenization">asset tokenization</a> and <a href="https://www.benzinga.com/markets/cryptocurrency/25/01/43181875/sec-repeals-sab-121-policy-that-restricted-banks-from-providing-custody-services-for-bitcoin-crypto-mom-says-bye-bye">cryptocurrency custody services</a>, according to a Reuters report. 
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/25/03/44133314/el-salvadors-president-bukele-remains-defiant-amid-imfs-concerns-on-bitcoin-accumulation-it-wont-stop-now-and-it-wont-stop-in-the-future">El Salvador&#8217;s Nayib Bukele Defiant Amid IMF&#8217;s Bitcoin Accumulation Concerns: &#8216;It Won&#8217;t Stop Now, And It Won&#8217;t Stop In The Future&#8217;</a>
State Street holds about 295.10 million shares of Microsoft, implying a total stake of 3.97%, according to the latest 13F filing.
Microsoft, worth more than $3 trillion, <a href="https://www.benzinga.com/markets/cryptocurrency/24/12/42421374/microsoft-shareholders-reject-proposal-to-explore-bitcoin-investment">voted down a proposal</a> to consider adding Bitcoin to its balance sheet after the board expressed worries about the asset's volatility. The firm had no exposure to any cryptocurrency-focused ETFs as of this writing.
Price Action: Shares of Microsoft closed 3.19% higher at 401.02 during Wednesday&#8217;s trading session, 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>. Meanwhile, State Street Stock closed up 0.92% at $92.54.
Image via Shutterstock
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DECO

Microsoft May Have Given Bitcoin Investments A Miss But A Large MSFT Stock Holder Is A Strong Crypto, Blockchain Advocate

Seven people were injured when a South Korean KF-16 fighter jet accidentally dropped eight bombs outside a firing range in Pocheon during a live-fire exercise with U.S. forces on Thursday. 
The incident comes ahead of scheduled joint drills Mar. 10-20, the first since President Donald Trump&#8216;s return to office.
&#8220;Our KF-16 (jet fighter) abnormally dropped 8 shells of MK-82 bombs. It landed outside of firing range,&#8221; Korea&#8217;s Air Force <a href="https://www.bbc.com/news/articles/c2ernge8193o">told</a> the BBC.
This heightened military readiness occurs amid growing concerns over the <a href="https://www.benzinga.com/news/24/10/41303230/north-korean-forces-aiding-russia-in-ukraine-war-effort">North Korea-Russia alliance</a>.
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Image Via Shutterstock
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

South Korean Fighter Jet Accidentally Drops 8 Bombs Near Firing Range During US Joint Drill

Elon Musk‘s rocket manufacturing company SpaceX postponed the eighth test flight of its Starship launch vehicle until Thursday.
What Happened:&nbsp;The launch window for the test flight will open at 5:30 p.m. CT on Thursday.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Starship&#39;s eighth flight test now targeting to launch as soon as Thursday, March 6 → <a href="https://t.co/alyJTRtOIP">https://t.co/alyJTRtOIP</a> <a href="https://t.co/3OORFZbSPT">pic.twitter.com/3OORFZbSPT</a>
&mdash; SpaceX (@SpaceX) <a href="https://twitter.com/SpaceX/status/1897268163911540778?ref_src=twsrc%5Etfw">March 5, 2025</a></blockquote>
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The Starship was most recently expected to launch from Starbase, Texas on Wednesday. 
On Monday, the company called the launch off seconds before liftoff as it experienced an issue with the vehicle.
&#8220;Too many question marks about this flight and then we were 20 bar low on ground spin start pressure. Best to destack, inspect both stages and try again in a day or two,&#8221; Musk said about the decision to stand down from the launch.
Why It Matters:&nbsp;For the upcoming test flight, SpaceX is eyeing Starship&#8217;s first payload deployment and experiments aimed at returning the upper stage of the two-stage vehicle to the launch site for catch. The company will also attempt to return and catch the vehicle&#8217;s Super Heavy booster, failing which it will have a soft splashdown in the Gulf of America.
SpaceX will attempt to deploy four Starlink simulators on its next flight, similar in size to the next generation of Starlink satellites.
SpaceX last launched Starship on Jan. 16.&nbsp;The spacecraft lifted off from Starbase in Texas at 4:37 p.m. CT, and the vehicle booster landed back at the launch site after separation from its first stage. The spacecraft, however,&nbsp;<a href="https://www.benzinga.com/25/01/43046722/starship-explodes-during-flight-test-elon-musk-says-success-is-uncertain-but-entertainment-is-guaranteed" target="_blank" rel="noreferrer noopener">disintegrated in space during the flight test owing to a propellant leak.</a>&nbsp;
The upcoming test flight would be Starship&#8217;s eighth to date and second this year. SpaceX started testing Starship in April 2023.
The Starship vehicle is part of big dreams. While NASA is looking forward to landing humans back on the surface of the Moon after a gap of over 50 years with the help of a&nbsp;<a href="https://www.benzinga.com/24/11/42108681/spacex-shows-off-conceptual-version-of-starship-which-will-help-humans-land-back-on-moon-in-over-50-yrs" target="_blank" rel="noreferrer noopener">custom version of Starship</a>, Musk is dreaming of taking&nbsp;<a href="https://www.benzinga.com/news/24/09/40770222/elon-musk-sets-2026-for-starships-first-uncrewed-mars-mission-targeting-successful-landing" target="_blank" rel="noreferrer noopener">humans to the planet Mars</a>&nbsp;aboard Starship. However, the vehicle is currently in the testing and development phase.
Check out more of Benzinga's Future Of Mobility coverage by&nbsp;<a href="https://www.benzinga.com/topic/mobility" target="_blank" rel="noreferrer noopener">following this link.</a>
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</ul>
Photo courtesy: SpaceX

Elon Musk's SpaceX Starship's Next Test Flight Further Postponed To Thursday

Japanese and German government bond yields climbed sharply on Thursday, with Japan&#8217;s 10-year yield reaching its highest level since 2009 amid a <a href="https://www.benzinga.com/markets/equities/25/03/44101132/tech-sector-hammered-as-trumps-tariff-plans-spark-market-selloff-nvidia-arm-super-micro-lead-tech-bloodbath">broader market sell-off early this week</a>.
What Happened: Germany&#8217;s 10-year Bund yield jumped approximately 28 basis points to 2.76%, reaching its highest level since October 2023. This marks the largest sell-off in German government bonds since the months following the Berlin Wall&#8217;s fall, driven by expectations of increased spending, according <a href="https://tradingeconomics.com/germany/government-bond-yield">to</a> Trading Economics.
The yield on Japan&#8217;s 10-year government bond surged above 1.5% Thursday, tracking a rally in European bond yields after Germany announced plans for a €500 billion ($540.18 billion) infrastructure fund and proposals to overhaul borrowing rules.
In February, Bank of Japan Deputy Governor Shinichi Uchida stated that the central bank would consider <a href="https://www.benzinga.com/markets/asia/25/02/43425523/bank-of-japan-signals-further-rate-hikes-possible-amid-inflation-economic-overheating-worries">further interest rate hikes if economic forecasts are met</a>. Uchida emphasized that Japan&#8217;s exit from extensive monetary easing is just beginning, despite already raising rates to a 17-year high of 0.5% in January.
See Also: <a href="https://www.benzinga.com/personal-finance/25/03/44068159/nba-legend-shaq-says-his-net-worth-quadrupled-once-he-took-note-from-jeff-bezos-and-started-investing-in-things-that-change-peoples-lives" target="_blank" rel="noreferrer noopener">NBA Legend Shaq Says His Net Worth ‘Quadrupled&#8217; Once He Took Note From Jeff Bezos And Started Investing In Things That ‘Change People&#8217;s Lives&#8217;</a>
Why It Matters: Economist Peter Schiff wrote on X, &#8220;With German Bund yields moving up too and the dollar falling, Treasuries will have a lot of competition. Rising bond yields will drive the U.S. economy deeper into recession.&#8221;
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">The yield on the 10-year JGB just hit 1.5%. No one is paying attention to this slow-moving train wreck. With German Bund yields moving up too and the dollar falling, Treasuries will have a lot of competition. Rising bond yields will drive the U.S. economy deeper into recession.
&mdash; Peter Schiff (@PeterSchiff) <a href="https://twitter.com/PeterSchiff/status/1897508968114659682?ref_src=twsrc%5Etfw">March 6, 2025</a></blockquote>
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The movements carry significant implications for U.S. investors as Japan shifts away from ultra-loose monetary policy. Since ending its 17-year negative interest rate policy in March 2024, Japan has seen stronger yen and rising yields, prompting Japanese investors to <a href="https://www.benzinga.com/markets/bonds/25/02/43772167/japan-bond-yields-hit-15-year-high-as-gdp-growth-surpasses-expectations-peter-schiff-warns-of-train-wreck">repatriate capital from foreign markets</a>.
U.S. Treasury yields remained near four-month lows on Wednesday, with the 10-year note at 4.23%. The iShares 20+ Year Treasury Bond ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TLT#NASDAQ">TLT</a>) fell 0.24% amid mixed economic data showing strong services sector growth but weakening employment figures.
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Image Via Shutterstock
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Asia

Bonds

iShares Trust Barclays 20+ Year Treasury Bond Fund

Peter Schiff Warns Of US 'Recession' Risk As Japanese Bond Yields Hit 15-Year High And German Bond Sell-Off Triggers Market Shock

The U.S. Senate voted on Wednesday to revoke the Consumer Financial Protection Bureau's authority to oversee digital payment platforms. This move could reportedly directly benefit Elon Musk's social media company, X.
What Happened: The rule, finalized last year, was designed to regulate fraud and privacy issues in online financial transactions, similar to its oversight of traditional financial institutions, <a href="https://www.theverge.com/news/624904/cfpb-digital-payments-musk-x-conflict-doge">reported</a> The Verge.
Republicans backing the resolution argued that the CFPB had overreached its regulatory scope. However, Sen. Jack Reed (D-RI) framed the decision differently, saying, "A vote in favor of this resolution is a vote to strip federal oversight of Elon Musk's payments company."
Following the Senate's move, Sens. Elizabeth Warren (D-Mass.) and Adam Schiff (D-Calif.) sent a letter to the Office of Government Ethics (OGE), demanding an inquiry into Musk's potential conflicts of interest.
See Also: <a href="https://in.benzinga.com/25/02/44021519/capital-one-berkshire-hathaway-rocket-companies-shares-move-higher-after-cfpb-drops-lawsuits">Capital One, Berkshire Hathaway, Rocket Companies Shares Move Higher After CFPB Drops Lawsuits</a>
The lawmakers questioned whether Musk, as a &#8220;special government employee&#8221; with influence over the Department of Government Efficiency or DOGE, had improperly used his position to weaken the CFPB's oversight, benefiting X, Tesla, and Visa.
Why It Matters: Musk has been a vocal critic of the CFPB. Last month, he took to X, and posted "CFPB RIP."
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">CFPB RIP &#x1faa6;
&mdash; Elon Musk (@elonmusk) <a href="https://twitter.com/elonmusk/status/1887979940269666769?ref_src=twsrc%5Etfw">February 7, 2025</a></blockquote>
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His <a href="https://in.benzinga.com/news/25/03/44143475/trumps-u-s-doge-service-claims-65b-in-savings-experts-call-it-smoke-and-mirrors-amid-resignations">involvement with DOGE</a>, which has played a role in curtailing CFPB operations, has also raised concerns over regulatory fairness and potential self-dealing.
In February, President Donald Trump also repeatedly said that the bureau is finished. Referring to it as "the ultra-left CFPB," the President stated that he <a href="https://in.benzinga.com/news/25/02/44028664/trump-says-he-shut-down-the-ultra-left-cfpb-after-bankers-and-loan-officers-called-him-almost-crying">took steps to dismantle</a> the agency after receiving emotional pleas from bankers and loan officers who were struggling under its regulations.
The resolution now moves to the House for approval, while the ethics investigation into Musk's role remains ongoing.
Image via Shutterstock
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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.

Government

Elon Musk's Influence Under Scrutiny As Senate Votes To Block CFPB's Digital Payments Oversight, Sparks Conflict-Of Interest Probe

Hong Kong stocks surged Thursday morning, with the Hang Seng Index climbing 2.5% to 24,183.07, reaching its highest level since January 2022 and extending its year-to-date gains to 23.37%.
What Happened: Chinese tech giants led the rally on Hong Kong Exchange, with Alibaba Group Holding Ltd (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BABA#NYSE">BABA</a>) (OTC:<a class="ticker" href="https://www.benzinga.com/stock/BABAF#OTC">BABAF</a>) rallying 7.24% to 139.30 HKD ($17.93) and Tencent Holdings Ltd (OTC:<a class="ticker" href="https://www.benzinga.com/stock/TCEHY#OTC">TCEHY</a>) jumping 5.84% to 534.00 HKD ($68.72). 
Other major tech firms also posted substantial gains, including Baidu Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BIDU#NASDAQ">BIDU</a>) up 3.83% to 90.80 HKD ($11.68), JD.com Inc (OTC:<a class="ticker" href="https://www.benzinga.com/stock/JDCMF#OTC">JDCMF</a>) rising 4.06% to 171.20 HKD ($22.03), and Meituan (OTC:<a class="ticker" href="https://www.benzinga.com/stock/MPNGY#OTC">MPNGY</a>) advancing 4.08% at 179.50 HKD ($23.10).
The market rally follows Premier Li Qiang&#8216;s announcement of increased fiscal stimulus during China&#8217;s annual parliamentary meeting on Wednesday, Reuters reported. Li pledged to &#8220;vigorously boost&#8221; sluggish consumption and cushion impacts from escalating U.S. trade tensions, while maintaining China&#8217;s 5% growth target for 2025.
&#8220;An increasingly complex and severe external environment may exert a greater impact on China in areas such as trade, science, and technology,&#8221; Li warned, addressing what he called &#8220;changes unseen in a century.&#8221;
See Also: <a href="https://www.benzinga.com/personal-finance/25/03/44068159/nba-legend-shaq-says-his-net-worth-quadrupled-once-he-took-note-from-jeff-bezos-and-started-investing-in-things-that-change-peoples-lives" target="_blank" rel="noreferrer noopener">NBA Legend Shaq Says His Net Worth ‘Quadrupled&#8217; Once He Took Note From Jeff Bezos And Started Investing In Things That ‘Change People&#8217;s Lives&#8217;</a>
Why It Matters: Beijing plans to issue 1.3 trillion yuan ($179 billion) in ultra-long special treasury bonds this year, up from 1 trillion yuan in 2024, and will allow local governments to issue 4.4 trillion yuan in special debt. The budget deficit is projected to widen to around 4% of GDP.
Investors seem particularly enthused by China&#8217;s AI ambitions, with Li promising to foster artificial intelligence applications across electric vehicles, smartphones, and robots. Market sentiment has been bolstered by the recent emergence of AI platform Deepseek, with Alibaba also announcing its new QwQ-32B reasoning model today.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Today, we release QwQ-32B, our new reasoning model with only 32 billion parameters that rivals cutting-edge reasoning model, e.g., DeepSeek-R1. Blog: <a href="https://t.co/zCgACNdodj">https://t.co/zCgACNdodj</a> HF: <a href="https://t.co/pfjZygOiyQ">https://t.co/pfjZygOiyQ</a> ModelScope: <a href="https://t.co/hcfOD8wSLa">https://t.co/hcfOD8wSLa</a> Demo: <a href="https://t.co/DxWPzAg6g8">https://t.co/DxWPzAg6g8</a> Qwen Chat:… <a href="https://t.co/kfvbNgNucW">pic.twitter.com/kfvbNgNucW</a>
&mdash; Qwen (@Alibaba_Qwen) <a href="https://twitter.com/Alibaba_Qwen/status/1897361654763151544?ref_src=twsrc%5Etfw">March 5, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
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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.

BABA

ALIBABA GROUP HOLDING LTD by Alibaba Group Holding Limited

BABAF

BIDU

JDCMF

MPNGY

TCEHY

Alibaba Soars 7% On AI Push As China Pledges To 'Vigorously Boost' Spending — Hang Seng Reaches 2-Year High

Aptos (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/">APT</a>) blasted with double-digit gains Wednesday after cryptocurrency fund manager Bitwise Asset Management filed an exchange-traded fund application with the SEC.
What happened: The Layer-1 blockchain token rallied over 12% in the last 24 hours, surging past $6 after over a month. The coin's trading volume soared 27.53% to $402.87 million in the 24-hour period.
APT&#8217;s advance overpowered market heavyweights Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) and Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>), which rose 5.53% and 5.22%, respectively, in the last 24 hours.
The surge came after Aptos Labs CEO Avery Ching confirmed an S-1 filing by Bitwise to list shares of Bitwise Aptos ETF.&nbsp;
"It's a big 1st for the Move ecosystem, as promised, Ching said, referencing the programming language used in the Aptos blockchain.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Rumor no more. Can confirm <a href="https://twitter.com/BitwiseInvest?ref_src=twsrc%5Etfw">@BitwiseInvest</a> has filed an S-1 application for an <a href="https://twitter.com/Aptos?ref_src=twsrc%5Etfw">@Aptos</a> ETF. It's a big 1st for the Move ecosystem, as promised. Move money chain looking S-1 good here <a href="https://t.co/rTp8lIU1JS">https://t.co/rTp8lIU1JS</a>
&mdash; avery.apt &#x1f310; (@AveryChing) <a href="https://twitter.com/AveryChing/status/1897386447357010178?ref_src=twsrc%5Etfw">March 5, 2025</a></blockquote>
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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/25/03/44133314/el-salvadors-president-bukele-remains-defiant-amid-imfs-concerns-on-bitcoin-accumulation-it-wont-stop-now-and-it-wont-stop-in-the-future">El Salvador&#8217;s Nayib Bukele Defiant Amid IMF&#8217;s Bitcoin Accumulation Concerns: &#8216;It Won&#8217;t Stop Now, And It Won&#8217;t Stop In The Future&#8217;</a>
Why It Matters: The S-1 filing is a prerequisite for issuers to file to offer new securities. The firm submitted an ETF filing to Delaware's Department of State's Division of Corporations last week, considered a precursor to an official SEC filing.
The <a href="https://www.benzinga.com/money/what-is-aptos-apt">California-headquartered Aptos Labs</a> was built by former Meta Platforms Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>) engineers and operates a proof-of-stake consensus mechanism to power its Layer-1 blockchain.&nbsp;
The company <a href="https://www.benzinga.com/markets/cryptocurrency/23/08/33670337/microsoft-aptos-labs-to-create-ai-powered-web3-assistant-to-simplify-user-transition-from-">joined hands</a> with tech behemoth Microsoft Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>) in August 2023 to integrate artificial intelligence with blockchain,
Price Action: At the time of writing, APT was exchanging hands at $6.23, up 13.61% 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 meme coin has dropped 38.97%.
Photo by Avi Rozen via Shutterstock
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</ul>

Movers

$APT

Bitcoin, Ethereum Rise But A Spot ETF Filing Has Sent This L1 Token Flying 13%

Discord, the popular <a href="https://www.benzinga.com/general/gaming/23/05/32377507/discord-data-breach-exposes-millions-of-users-is-your-account-at-risk">social chat app</a> favored by gamers, is reportedly in early discussions with investment bankers about a potential initial public offering in 2025.
What Happened: The company, last valued at approximately $15 billion in 2021, has met with financial advisors in recent weeks to explore the possibility of going public, <a href="https://www.nytimes.com/2025/03/05/technology/discord-ipo.html">reported</a> the New York Times, citing two people familiar with the matter.
A spokesperson for Discord declined to confirm the reports, stating, "We understand there is a lot of interest around Discord's future plans, but we do not comment on rumors or speculation. Our focus remains on delivering the best possible experience for our users and building a strong, sustainable business."
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 2015 by Jason Citron and Stanislav Vishnevskiy, Discord has grown into a platform with over <a href="https://www.benzinga.com/markets/penny-stocks/23/06/32713030/with-over-196-million-active-monthly-users-discord-has-made-its-mark-asset-entities-nasdaq-a">200 million monthly users</a>, offering free text, voice, and video communication.
The company generates revenue through a "freemium" model, selling subscriptions for premium features rather than relying on advertising.
Photo Courtesy: Shutterstock.com
Check out more of Benzinga'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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</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.

Social Media

Discord Reportedly Exploring IPO In 2025, Met Financial Advisors Recently To Explore Going Public

Lesser-known Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) offshoots rose sharply Wednesday, outgaining the apex cryptocurrency.
What happened: Bitcoin Cash rallied over 13%, becoming the market&#8217;s second-largest gainer in the last 24 hours.&nbsp;
The coin&#8217;s trading volume more than doubled to $1.07 billion in 24 hours, as strong buying pressure sent it beyond $400 for the first time in over a month.
Similarly, Bitcoin SV lifted 6.88% to a market capitalization of $738 million, reaching its highest level in a week.
<figure class="wp-block-table"> 
<table>
<tbody>
<tr>
<td>Cryptocurrency</td>
<td>Gains +/-</td>
<td>Price (Recorded at 9:50 p.m. ET)</td>
</tr>
<tr>
<td>Bitcoin Cash (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/bch/usd">BCH</a>)</td>
<td>+13.59%</td>
<td>$395.40</td>
</tr>
<tr>
<td>Bitcoin SV (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/">BSV</a>)</td>
<td>+6.88%</td>
<td>$37.17</td>
</tr>
</tbody>
</table>
</figure>
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/25/03/44133314/el-salvadors-president-bukele-remains-defiant-amid-imfs-concerns-on-bitcoin-accumulation-it-wont-stop-now-and-it-wont-stop-in-the-future">El Salvador&#8217;s Nayib Bukele Defiant Amid IMF&#8217;s Bitcoin Accumulation Concerns: &#8216;It Won&#8217;t Stop Now, And It Won&#8217;t Stop In The Future&#8217;</a>
The returns from these cryptocurrencies outshone Bitcoin, which was up 4.75% in the last 24 hours.
Bitcoin Cash is a result of a hard fork of the original Bitcoin blockchain in 2017 due to differences in the community over proposed upgrades. A year later, Bitcoin Cash underwent its own fork, leading to the creation of Bitcoin SV.
The surge in the value of Bitcoin spinoffs indicated demand, seemingly from retail traders, for affordable alternatives to Bitcoin.
As of this writing, the apex cryptocurrency was priced at $91,608.96, making owning one full unit a pricey investment for individuals.
The sentiment was upbeat amid high hopes for a Bitcoin strategic reserve at the upcoming <a href="https://in.benzinga.com/markets/cryptocurrency/25/03/44143660/howard-lutnick-says-president-definitely-thinks-theres-a-bitcoin-strategic-reserve">White House crypto summit</a>.
Image via Shutterstock
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$BCH

$BSV

Bitcoin Cash Surges Over 13%, Bitcoin SV Gains As Investors Eye Cheaper BTC Plays

Palantir Technologies Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PLTR#NYSE">PLTR</a>) Head of Defense and former Congressman Mike Gallagher is sounding alarms about China&#8217;s military intentions, warning that the U.S. is failing to adequately prepare for potential conflict.
What Happened: &#8220;I&#8217;d say my entire eight years in Congress could be summarized as China is preparing for war with America, and we&#8217;re not taking it seriously,&#8221; Gallagher stated at the National Security Innovation Base Summit 2025 on Wednesday, emphasizing that Chinese President Xi Jinping&#8216;s economic challenges might actually be evidence of preparations for conflict.
&#8220;Xi Jinping&#8217;s economy su&#x2A;ks because he is trying to sanction-proof his economy and prepare it for the pain that will ensue if he goes to war with America,&#8221; Gallagher said. 
Gallagher dismissed counterarguments that economic consequences would deter Chinese aggression: &#8220;In a Marxist-Leninist system, they are much less sensitive to casualties and pain than in a republic such as ours.&#8221; He urged the U.S. to &#8220;rearm as rapidly as possible&#8221; and shift military resources to the Pacific.
See Also:&nbsp;<a href="https://www.benzinga.com/personal-finance/25/03/44068159/nba-legend-shaq-says-his-net-worth-quadrupled-once-he-took-note-from-jeff-bezos-and-started-investing-in-things-that-change-peoples-lives" target="_blank" rel="noreferrer noopener">NBA Legend Shaq Says His Net Worth ‘Quadrupled&#8217; Once He Took Note From Jeff Bezos And Started Investing In Things That ‘Change People&#8217;s Lives&#8217;</a>
Why It Matters: The warnings come amid <a href="https://www.benzinga.com/25/02/43487682/palantir-ceo-hails-elon-musks-doge-initiative-anticipates-positive-outcome">Palantir&#8217;s deepening integration</a> with President Donald Trump&#8216;s administration. CEO Alex Karp has expressed strong support for Elon Musk&#8216;s Department of Government Efficiency (DOGE), calling it a &#8220;revolution&#8221; that will benefit Palantir. 
Palantir has seen its <a href="https://www.benzinga.com/25/02/43487682/palantir-ceo-hails-elon-musks-doge-initiative-anticipates-positive-outcome">government contracts surge</a>, with U.S. government revenue up 45% year-over-year to $343 million in the fourth quarter. The company recently announced AI deployments at Societe Generale to combat financial crime and formed a joint venture with TWG Global for AI solutions across financial sectors.
Palantir&#8217;s <a href="https://www.benzinga.com/markets/equities/24/12/42356725/alex-karp-supports-doge-as-trump-taps-palantirs-shyam-shankar-for-border-security-role-cannot-have-a-better-person-than-musk">influence continues to grow</a>. Wedbush Securities analyst Dan Ives suggested buying PLTR now could be comparable to purchasing Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) stock in 2015, calling it part of &#8220;the biggest tech trend in the last 40 to 50 years.&#8221;
Price Action: Palantir Technologies Inc. closed at $90.13 on Wednesday, up 6.79%. After hours, it rose to $90.50, up 0.41%. Year to date, it&#8217;s up 19.87%, and over the past year, it has surged 278.54%, according to&nbsp;<a href="https://www.benzinga.com/pro/" target="_blank" rel="noreferrer noopener">data from Benzinga Pro</a>.
<figure class="wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio"> 
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<iframe loading="lazy" title="National Security Innovation Base Summit 2025" width="500" height="281" src="https://www.youtube.com/embed/5IQTf8BoxA4?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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Image Via Shutterstock
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

PLTR

TSLA

Palantir's Head Of Defense Warns Of China's War Preparations: 'We're Not Taking It Seriously'

Well-known economist Peter Schiff said on Wednesday that the government&#8217;s decision to create a Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) strategic reserve would end up damaging the U.S. dollar while benefiting gold.
What happened: Schiff took to X to express his dissatisfaction with President Donald Trump&#8217;s recently announced strategic cryptocurrency reserve, which will have a special status for Bitcoin.
Schiff argued that if Bitcoin is viewed as a <a href="https://www.benzinga.com/markets/cryptocurrency/24/12/42535718/raoul-pal-predicts-violent-upside-for-bitcoin-targets-250000">hedge against fiat currency debasement</a>, the Bitcoin strategic reserve will only &#8220;accelerate&#8221; the dollar&#8217;s downfall.
The staunch Bitcoin critic said the &#8220;foolish&#8221; move could benefit Bitcoin in the short run, but the &#8220;ultimate winner&#8221; will be gold, arguably considered the best hedge against currencies&#8217; depreciation value.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">If Bitcoin&#39;s success is predicated on the dollar&#39;s failure, if the U.S. is foolish enough to actually create a Bitcoin strategic reserve, this development will accelerate the dollar&#39;s demise, potentially benefiting Bitcoin in the short run. But the ultimate winner will be gold.
&mdash; Peter Schiff (@PeterSchiff) <a href="https://twitter.com/PeterSchiff/status/1897428815137153078?ref_src=twsrc%5Etfw">March 5, 2025</a></blockquote>
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</figure>
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/25/03/44133314/el-salvadors-president-bukele-remains-defiant-amid-imfs-concerns-on-bitcoin-accumulation-it-wont-stop-now-and-it-wont-stop-in-the-future">El Salvador&#8217;s Nayib Bukele Defiant Amid IMF&#8217;s Bitcoin Accumulation Concerns: &#8216;It Won&#8217;t Stop Now, And It Won&#8217;t Stop In The Future&#8217;</a>
Critics shot back, with a widely followed X user, going by the pseudonym Teddy Bitcoins, argued that Bitcoin, like gold, possessed a &#8220;massive&#8221; monetary premium, and both stand to gain if the dollar falls.
&#8220;This doesn't mean [Bitcoin&#8217;s] success will cause the demise of the dollar,&#8221; the user said.
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<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">The thing is Peter, bitcoin like gold(due to its massive monetary premium) both get success as a consequence of the failure of the dollar. This doesn't mean bitcoins success will cause the demise of the dollar.
&mdash; Teddy Bitcoins (@TeddyBitcoins) <a href="https://twitter.com/TeddyBitcoins/status/1897431705595613420?ref_src=twsrc%5Etfw">March 5, 2025</a></blockquote>
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Why It Matters: Schiff has been severely dismissive of the idea of a Bitcoin reserve. In November 2024, he <a href="https://in.benzinga.com/markets/cryptocurrency/25/03/44069015/bitcoin-is-digital-gold-but-whats-the-rationale-for-an-xrp-reserve-asks-peter-schiff-cardano-founder-charles-hoskinson-says-trump-made-the-right-decision">warned that the government would have to print more dollars</a> to buy additional Bitcoin, which could spiral into hyperinflation and severely devalue the dollar.
However, &nbsp;Sen.&nbsp;Cynthia Lummis&nbsp;(R-Wy.), who introduced a Bitcoin reserve legislation last year, has maintained that the <a href="https://www.benzinga.com/markets/cryptocurrency/24/11/42121376/strategic-bitcoin-reserve-wouldnt-require-new-taxpayer-dollars-says-sen-cynthia-lummis">proposal wouldn&#8217;t require</a> new taxpayer dollars. Instead, the government could leverage its existing resources, particularly gold certificates held at the Federal Reserve&#8217;s 12 banks.
Price Action: At the time of writing, Bitcoin was exchanging hands at $91,542.13, up 4.43% 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>. Spot gold traded at $2,923.44 per ounce as of this writing, after registering an all-time high of $2,956 last month.
Image via Shutterstock
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$ADA

$SOL

Peter Schiff Predicts A Bitcoin Strategic Reserve Will 'Accelerate' Dollar's Demise: 'Ultimate Winner Will Be Gold'

On Wednesday, the U.K.'s Competition and Markets Authority ruled that Microsoft Corporation's (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>) $13 billion investment in OpenAI does not warrant a <a href="https://www.benzinga.com/news/23/12/36151493/after-securing-a-board-seat-microsofts-openai-partnership-comes-under-the-uk-antitrust-authoritys-sc">formal merger investigation</a>.
What Happened: The CMA announced that Microsoft's investment in OpenAI does not constitute a merger, as there was no "change of control" giving Microsoft "de facto control" over the AI startup, <a href="https://www.ft.com/content/8f7fcaaf-2ae0-4c2f-a016-6f51d2f83cba">reported</a> the Financial Times.
This decision follows months of scrutiny into whether Microsoft's stake in OpenAI could stifle competition in the AI market.
See Also: <a href="https://in.benzinga.com/25/03/44087329/microsoft-unveils-ai-powered-dragon-copilot-to-ease-clinician-workloads">Microsoft Unveils AI-Powered Dragon Copilot To Ease Clinician Workloads</a>
The regulator pointed to "recent developments" that have reduced OpenAI's dependence on Microsoft, including its <a href="https://in.benzinga.com/news/25/01/43400191/openais-100-billion-texas-stargate-data-center-will-reportedly-employ-just-57-people-with-57600-annual-salaries">newly formed $100 billion</a> AI infrastructure partnership with SoftBank Group (OTC:<a class="ticker" href="https://www.benzinga.com/stock/SFTBY#OTC">SFTBY</a>) (OTC:<a class="ticker" href="https://www.benzinga.com/stock/SFTBF#OTC">SFTBF</a>).
The CMA's executive director for mergers, Joel Bamford, cautioned that this decision "should not be read as the partnership being given a clean bill of health on potential competition concerns."
Why It Matters: The decision marks a win for Microsoft, allowing it to continue its lucrative partnership with OpenAI without immediate regulatory hurdles.
Meanwhile, it has also been reported that SoftBank is currently in discussions to spearhead a new funding round for OpenAI, aiming to raise $40 billion.
This investment could push the ChatGPT creator's <a href="https://www.benzinga.com/media/25/01/43374528/softbank-may-lead-openais-40-billion-funding-round-at-a-300-billion-valuation-despite-deepseek-disruption-report">valuation to $300 billion</a>, marking a record-breaking funding round for a private company.
Price Action: Microsoft&#8217;s stock closed Wednesday at $401.02, rising 3.19%. However, it dipped 0.25% in after-hours trading. Year-to-date, the stock is down 4.20%, according to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro data</a>.
Photo Courtesy: Shutterstock.com
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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.

SFTBF

SFTBY

Microsoft Dodges UK Competition Crackdown Over OpenAI Deal, Watchdog Director Says Partnership Doesn't Get 'A Clean Bill Of Health'

Leading cryptocurrencies rallied on Wednesday on news that Bitcoin would be granted special status in the national strategic cryptocurrency reserve.
<figure class="wp-block-table"> 
<table>
<tbody>
<tr>
<td>Cryptocurrency</td>
<td>Gains +/-</td>
<td>Price (Recorded at 7:45 p.m. ET)</td>
</tr>
<tr>
<td>Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>)</td>
<td>+4.01%</td>
<td>$90,164.31</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>+3.79%</td>
<td>$2,245.90</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>$0.2029</td>
</tr>
</tbody>
</table>
</figure>
What Happened: The apex cryptocurrency surpassed $90,000, recouping gains lost due to the ongoing tariff announcements by President Donald Trump.
The momentum trickled to the rest of the market as Ethereum sailed past $2,500, hitting an intraday high of $2,272.80.
The improvement in sentiment came after Commerce Secretary Howard Lutnick indicated <a href="https://in.benzinga.com/markets/cryptocurrency/25/03/44143660/howard-lutnick-says-president-definitely-thinks-theres-a-bitcoin-strategic-reserve">major policy announcements</a> during Friday&#8217;s White House crypto summit. He confirmed that Bitcoin may receive special status in the national cryptocurrency reserve, but other tokens will be treated differently but positively.
The rally liquidated short positions worth $145 million from the cryptocurrency market in the last 24 hours.
Bitcoin's Open Interest popped 5.34%. A surge in spot price, coinciding with a jump in OI, indicated an influx of fresh money into the market.
More than 55% of traders on Binance were positioned long as of this writing, according to the Long/Short Ratio, implying a bullish sentiment.
In contrast, the Crypto Fear and Greed Index remained in the "Extreme Fear" zone.
Top Gainers (24-Hours)
<figure class="wp-block-table"> 
<table>
<tbody>
<tr>
<td>Cryptocurrency</td>
<td>Gains +/-</td>
<td>Price (Recorded at 7:45 p.m. ET)</td>
</tr>
<tr>
<td>Ondo (ONDO)</td>
<td>+19.90%</td>
<td>$1.15</td>
</tr>
<tr>
<td>Bitcoin Cash (BCH)</td>
<td>+18.82%</td>
<td>$387.05</td>
</tr>
<tr>
<td>Aptos (APT)</td>
<td>+13.63%</td>
<td>$6.20</td>
</tr>
</tbody>
</table>
</figure>
The global cryptocurrency market capitalization stood at $2.96 trillion, following an increase of 3.30% in the last 24 hours.
Stocks recovered on Wednesday following two consecutive days of losses. The Dow Jones Industrial Average jumped 485.60 points, or 1.14%, to close at 43,006.59. The S&amp;P 500 gained 1.12%, ending at 5,842.63, while the tech-focused Nasdaq Composite added 1.46% to close the session at 18,552.73.
The recovery came after the <a href="https://www.benzinga.com/25/03/44149833/trump-delays-ford-gm-stellantis-from-from-tariffs-on-mexico-canada-for-one-month">Trump administration paused tariffs on automobile manufacturers' imports</a> by one month, sending stocks of big automakers higher.
See More: <a href="https://www.benzinga.com/money/best-crypto-scanners">Best Cryptocurrency Scanners</a>
Analyst Notes: Widely followed cryptocurrency analyst, Ali Martinez, stated that if Bitcoin reclaims $97,000, there is a strong chance of it moving toward $150,000, according to the Pi Cycle Top indicator.
The Pi Cycle Top Indicator is a technical indicator used to identify potential tops in Bitcoin&#8217;s price cycles.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">If <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw">#Bitcoin</a> <a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$BTC</a> reclaims $97,000, it could gain momentum for a move toward $150,000, according to the Pi Cycle Top indicator! <a href="https://t.co/yok308t4Jy">pic.twitter.com/yok308t4Jy</a>
&mdash; Ali (@ali_charts) <a href="https://twitter.com/ali_charts/status/1897440993752100984?ref_src=twsrc%5Etfw">March 6, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Popular on-chain analytics firm Santiment noted a sharp drop in Ethereum sentiment owing to its underperformance relative to other large-cap cryptocurrencies.&nbsp;
"For those patiently holding their ETH, the bearishness being projected across social media is a good sign of a potential turnaround once crypto markets stabilize," the analytics firm predicted.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">&#x1f43b; Ethereum sentiment has declined to year-low levels as the asset has underperformed relative to other top caps. For those patiently holding their <a href="https://twitter.com/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$ETH</a>, the bearishness being projected across social media is a good sign of a potential turnaround once crypto markets stabilize. <a href="https://t.co/iRaKTvb0Tu">pic.twitter.com/iRaKTvb0Tu</a>
&mdash; Santiment (@santimentfeed) <a href="https://twitter.com/santimentfeed/status/1897453613162594338?ref_src=twsrc%5Etfw">March 6, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Photo by CMP_NZ on Shutterstock
Read Next:    
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<li><a href="https://www.benzinga.com/etfs/specialty-etfs/25/03/44151496/trumps-crypto-push-ibit-vs-etha-which-etf-stands-to-gain-more">Trump&#8217;s Crypto Push: IBIT Vs. ETHA – Which ETF Stands To Gain More?</a></li>
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