L'intérêt à découvert pour VEON donne aux investisseurs une idée du degré auquel les investisseurs parient sur la baisse de l'action de VEON. Les données sur l'intérêt à découvert sont mises à jour toutes les deux semaines.

VEON (NASDAQ:VEON) Stock, Rapport sur les intérêts à découvert

VEON LTD

VEON

VEON Ltd is a provider of mobile and fixed-line connectivity as well as digital services. Currently, the company offers services to customers in the following countries: Pakistan, Ukraine, Kazakhstan, Bangladesh, Uzbekistan, and Kyrgyzstan. The reportable segments currently consist of the following five segments: Pakistan, Ukraine, Kazakhstan, Bangladesh, and Uzbekistan. The company provides services under the Beeline, Kyivstar, Banglalink and Jazz brands.

VEON Ltd

Non-Binding Term Sheet Outlines Proposed Acquisition of Rhodium Assets at the Rockdale Facility and Mutual Release of All Claims

News

RIOT

Reported Friday, Riot Platforms Moves To Acquire Rhodium's Rockdale Assets In $185M Deal, Reaching Settlement To End Ongoing Litigation

The newly formed joint venture will be named Oasis Venture Holdings, LLC, and will consist of the Aluminum Cup business, including its commercial, supply chain and manufacturing teams and the plant in Rome, Georgia, which will serve as the venture's new headquarters.&nbsp;Ayna and Ball, the minority investor, will work together to expand the Cup's customer base while continuing to uphold the highest operational standards and a steadfast commitment to exceptional customer service. Ball has a long track record of creating successful joint ventures for financial and category growth, including the heritage glass business in the late 1980s and early 1990s and Ball Metalpack, among others.

Small Business

BALL

Reported Friday, Ball And Ayna.AI Partner In 49:51 Joint Venture To Scale Aluminum Cup Business,  Establishing Rome, Georgia As HQ

Reported Friday, Grupo Aeroportuario del Pacífico Refinances $40M Credit Facility With Citibanamex, Extends Maturity By Six Months

<ul>
<li>AbbVie Inc. files complaint against Genmab in the U.S. District Court for the Western District of Washington (Seattle)</li>
<li>Genmab categorically refutes allegations and will vigorously defend the company</li>
</ul>

ABBV

GMAB

Reported Friday, Genmab Refutes AbbVie's Trade Secret Allegations Tied to ADC Technology, Vows Vigorous Defense Amid Lawsuit Over ProfoundBio's Rina-S

<ul>
<li>Combines World-Class Talent with Shared Cultures Focused on Providing Winning Solutions Across the Customer Value Chain</li>
<li>Unites Highly Complementary Offerings of Leading Exterior Brands and Significantly Expands James Hardie's Total Addressable Market</li>
<li>Expected to Accelerate James Hardie's Revenue Growth Trajectory and Generate at Least $350 Million of Additional Annual Adjusted EBITDA from Synergies when Fully Realized</li>
<li>Expected to be Accretive to James Hardie's Cash Earnings Per Share in First Full Fiscal Year After Closing</li>
<li>Combined Company's Compelling Value Proposition, Increased Scale, Significant Runway for Enhanced Financial Growth and Two Major Global Listings Unlocks Potential for Valuation Uplift</li>
<li>Companies to Host Investor Conference Call Today, March 24, 2025 at 9:00am Australian Eastern Daylight Time / March 23, 2025 at 6:00pm U.S. Eastern Time</li>
</ul>

AZEK

Reported Earlier, James Hardie To Acquire AZEK For $8.75B, Creating Exterior Building Products Leader With $350M In Synergy Upside

Microsoft Corporation co-founder Bill Gates and legendary Indian Cricket player Sachin Tendulkar last week played a lighthearted game of "Crennis," sparking playful banter on social media and an invitation to Roger Federer and Satya Nadella to join in.
What Happened: In a video shared by Tendulkar on X, formerly Twitter, saying "Sport teaches us teamwork, life demands the same. Crennis was fun, but the real action is brewing with Sachin Tendulkar Foundation &amp; Gates Foundation."
The video features Gates joking, "I thought we were playing tennis," as Tendulkar corrects him, "Bill, I said Crennis—a mix of cricket and tennis."
The two go on to play a jovial match on a tennis court, with Tendulkar using the street cricket rule "one tip, one hand" to call Gates out.
See Also:&nbsp;<a href="https://www.benzinga.com/news/25/02/43862276/why-theres-no-new-steve-jobs-or-zuckerberg-bill-gates-names-the-only-20-something-founder-whos-still" target="_blank" rel="noreferrer noopener">Why There's No New Steve Jobs Or Zuckerberg — Bill Gates Names The Only 20-Something Founder Who's Still In The Game</a>
Gates is later seen reading a fictional Rules of Crennis book as the duo mixes cricket strokes with tennis serves, wrapping up their game with Mumbai's iconic street food, vada pav.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Looks like I found my next sport! I look forward to trying my hand at Crennis with you both <a href="https://twitter.com/sachin_rt?ref_src=twsrc%5Etfw">@sachin_rt</a> <a href="https://twitter.com/BillGates?ref_src=twsrc%5Etfw">@BillGates</a> &#x1f60a;
&mdash; Satya Nadella (@satyanadella) <a href="https://twitter.com/satyanadella/status/1903247594832400669?ref_src=twsrc%5Etfw">March 22, 2025</a></blockquote>
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Microsoft CEO Nadella responded to the video saying he'd love to try the game himself. In response, Gates said, "Done," and then extended an invitation to tennis icon Federer, saying to join them for a "doubles Crennis match,"
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Done <a href="https://twitter.com/satyanadella?ref_src=twsrc%5Etfw">@satyanadella</a>. It was fun playing with my friend <a href="https://twitter.com/sachin_rt?ref_src=twsrc%5Etfw">@sachin_rt</a>! I invite my friend <a href="https://twitter.com/rogerfederer?ref_src=twsrc%5Etfw">@rogerfederer</a> to also join us for a doubles crennis match! <a href="https://t.co/xrddUe8p9p">https://t.co/xrddUe8p9p</a>
&mdash; Bill Gates (@BillGates) <a href="https://twitter.com/BillGates/status/1903602810652082591?ref_src=twsrc%5Etfw">March 23, 2025</a></blockquote>
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Why It's Important: Gates has long been known for his <a href="https://www.benzinga.com/25/03/44447928/microsoft-co-founder-bill-gates-calls-pickleball-a-funny-american-gamebut-hes-been-obsessed-with-it-for-50-years-and-wants-you-to-try-it-too">passion for unique sports</a>.
In an interview with India&#8217;s Times Now TV channel, he <a href="https://www.benzinga.com/25/03/44447928/microsoft-co-founder-bill-gates-calls-pickleball-a-funny-american-gamebut-hes-been-obsessed-with-it-for-50-years-and-wants-you-to-try-it-too">shared his love</a> for Pickleball, a quirky racquet sport that he has been fond of for decades. Gates mentioned that he enjoys playing tennis, pickleball, and bridge, highlighting his interest in diverse recreational activities.
The Microsoft co-founder currently has a net worth of $162 billion, making him the seventh richest person on Bloomberg's Billionaire <a href="https://www.bloomberg.com/billionaires/">Index</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>.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/news/24/06/39240224/bill-gates-upcoming-autobiography-source-code-talks-about-him-feeling-misfit-as-a-kid-and-the-rebell" target="_blank" rel="noreferrer noopener">Bill Gates' Upcoming Autobiography ‘Source Code' Talks About Him Feeling ‘Misfit' As A Kid And The ‘Rebellious' Teenage Phase: ‘I'm Planning To Write Two More Memoirs…'</a></li>
</ul>
Disclaimer:&nbsp;This content was partially produced with the help of&nbsp;<a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a>&nbsp;and was reviewed and published by Benzinga editors.

Tech

Bill Gates Plays 'Crennis' With Indian Cricket Legend Sachin Tendulkar, Invites Roger Federer And Satya Nadella To Join Doubles Match

<ul>
<li>Intends to use Proceedings to Conduct a Value-Maximizing Sale Process and Resolve Liabilities</li>
<li>Company Expects to Continue Business Operations in the Ordinary Course During Proceedings; Secures Commitment for Approximately $35 Million in DIP Financing to Support Ongoing Operations</li>
<li>No Changes to Customer Data Management and Access; Company Remains Committed to Transparency Around Customer Data Privacy; Any Buyer will be Required to Comply with Applicable Law with Respect to Treatment of Customer Data</li>
<li>Company Announces Board and Leadership Changes to Support Restructuring and Sale Process</li>
</ul>

Reported Earlier, 23andMe Initiates Voluntary Chapter 11 To Pursue Strategic Sale, Secures $35M DIP Financing, Appoints Joe Selsavage Interim CEO

The warrants will have an exercise price of $0.86 per share and will be immediately exercisable upon issuance for a period of five years following the date of issuance. All of the shares of common stock and associated warrants are being offered by the Company. The offering is expected to close on March 25, 2025, subject to satisfaction of customary closing conditions.

RNAZ

Reported Earlier, TransCode Therapeutics Prices Registered Direct Offering At $0.98 Per Share, Raising $10M Through Sale Of 10.25M Shares And Warrants

<ul>
<li>COAST Phase 3 trial failed to meet primary endpoint of mean change in BCVA from baseline to week 52</li>
<li>Opthea considering impact of negative trial results under its Development Funding Agreement and on the Company as a going concern</li>
</ul>

Opthea's Phase 3 COAST Trial Fails To Meet Primary Endpoint, Casting Doubt On Company's Future And Triggering Solvency Concerns

Macro Economic Events

Econ #s

Economics

BBJP

WisdomTree Trust Japan Total Dividend Fund

Reported Earlier, au Jibun Bank Japan Services Purchasing Managers' Index Preliminary For March 49.5 Vs. 53.7 Prior

The cryptocurrency market rose for the second week in a row, with meme coins and decentralized finance-based tokens powering the surge.
What happened: Solana (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/sol/usd">SOL</a>)-based Fartcoin topped the gainers list with an astounding 83% rally over the previous week.&nbsp;
The unconventional meme token hit a 5-week high of $0.56 on Sunday, blasting past the $550 million market capitalization.
That said, the rally might not sustain itself for long. Influential cryptocurrency analyst Ali Martinez spotted a sell signal for the coin on the TD Sequential Indicator, indicating a potential pause or correction.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">The TD Sequential indicator timed the bottom for <a href="https://twitter.com/hashtag/Fartcoin?src=hash&amp;ref_src=twsrc%5Etfw">#Fartcoin</a> with a buy signal on the 12-hour chart. Now, it's flashing a sell signal, suggesting a potential pause or pullback ahead. <a href="https://t.co/lBk3sMUHYO">pic.twitter.com/lBk3sMUHYO</a>
&mdash; Ali (@ali_charts) <a href="https://twitter.com/ali_charts/status/1903829086935687361?ref_src=twsrc%5Etfw">March 23, 2025</a></blockquote>
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<figure class="wp-block-table"> 
<table>
<tbody>
<tr>
<td>Cryptocurrency</td>
<td>Gains +/-</td>
<td>Price</td>
</tr>
<tr>
<td>Fartcoin (FARTCOIN)</td>
<td>+83.56%</td>
<td>$0.5511</td>
</tr>
<tr>
<td>PancakeSwap (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/cake/usd">CAKE</a>)</td>
<td>+33.33%</td>
<td>$2.65</td>
</tr>
<tr>
<td>Bonk (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/">BONK</a>)</td>
<td>+25.91</td>
<td>$0.00001344</td>
</tr>
</tbody>
</table>
</figure>
CAKE, the native token of decentralized exchange PancakeSwap, recorded yet another successful week, surging over 33%. The rise was likely <a href="https://defillama.com/dexs">aided by a 41% jump</a> in trading volume on the platform over the week.
Another Solana-based meme coin, BONK, capped the week as the market's third largest gainer, gaining over 25%. The canine coin jumped to a 3-week high.
Widely followed cryptocurrency trader CW noted BONK's breakout from a falling wedge formation, widely interpreted as a bullish reversal pattern.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true"><a href="https://twitter.com/search?q=%24BONK&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$BONK</a> has broken out of a falling wedge pattern. The rally is starting. There are only two sell walls above. As break through these sell walls, there are no more sell walls. The breakout of these two sell walls will signal the start of a bullish run for <a href="https://twitter.com/search?q=%24BONK&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$BONK</a>. <a href="https://t.co/B4naK95Mkg">pic.twitter.com/B4naK95Mkg</a>
&mdash; CW (@CW8900) <a href="https://twitter.com/CW8900/status/1903692339006283975?ref_src=twsrc%5Etfw">March 23, 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/markets/cryptocurrency/25/03/44390616/cathie-wood-believes-most-memecoins-wont-face-fearsome-declines-end-up-becoming-collectors-items">Cathie Wood Believes Most Memecoins Will Face &#8216;Fearsome Declines,&#8217; But They Could End Up Becoming Collector&#8217;s Items</a>
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>) also made meaningful strides last week, gaining 3.60% and 5.63%, respectively.
The more established meme coins, however, struggled. While Dogecoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/doge/usd">DOGE</a>) barely changed with a 0.46% move, Shiba Inu (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/shib/usd">SHIB</a>) slid 3.45% over the week.
Official Trump (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/">TRUMP</a>) finished the week at a healthy 4.36% spike, bolstered by President Donald Trump's <a href="https://in.benzinga.com/trading-ideas/movers/25/03/44451586/trump-meme-coin-spikes-retreats-after-potus-takes-to-truth-social-for-greatest-of-them-all-post-whale-takes-losses">promotion</a>.
The total cryptocurrency market capitalization expanded 3.6% over the week to $2.83 trillion.
Image via Shutterstock
Read Next:&nbsp;
<ul>
<li><a href="https://www.benzinga.com/markets/cryptocurrency/25/03/44363871/peter-schiff-slams-bitcoin-etfs-calls-selling-gold-for-btc-worst-timed-trade-in-history">Peter Schiff Slams Bitcoin ETFs, Calls Selling Gold For BTC &#8216;Worst-Timed Trade In History&#8217;</a></li>
</ul>

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

Cryptocurrency

Markets

$BONK

$BTC

$CAKE

$DOGE

$ETH

$SHIB

$SOL

$TRUMP

Bitcoin, Ethereum Ticked Higher But Dog-Themed Bonk Stole The Spotlight With A 33% Rally Last Week

Kai-Fu Lee, the former head of Alphabet Inc.'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 China and founder of AI startup 01.AI, says the <a href="https://www.benzinga.com/news/24/02/37179799/elon-musk-taunts-sam-altman-and-openai-over-open-image">rise of open-source AI</a> models like DeepSeek has exposed an existential risk to OpenAI's business—and he's pivoting his company accordingly.
What Happened: On Saturday, Lee shared a clip from his interview with Bloomberg, in which he stated that the AI industry is consolidating around a few foundational models—and that open source is emerging as the inevitable winner.
"In both U.S. and China, the pre-training of a giant model has consolidated… it's become clear that open-source will be the winner," Lee said. He added that closed model companies like OpenAI "got shocked when they saw a model as good" as DeepSeek's.
See Also:&nbsp;<a href="https://www.benzinga.com/tech/25/03/44429586/elon-musk-says-hang-on-to-your-stock-in-surprise-late-evening-tesla-all-hands-meeting-touts-7-million-evs-optimus-robot-and-ai-supercomputer-dojo" target="_blank" rel="noreferrer noopener">Elon Musk Says ‘Hang On To Your Stock' In Surprise Late-Evening Tesla All-Hands Meeting — Touts 7 Million EVs, Optimus Robot, And AI Supercomputer Dojo</a>
Lee also pointed out the dramatic cost disparity between the two approaches.
&nbsp;"OpenAI's cost was $7 billion in 2024. DeepSeek probably operated with 2% of that."
He questioned the long-term sustainability of OpenAI's business model, especially when competing against open-source projects that offer similar quality at a fraction of the cost.
"With that kind of formidable competitor, I think Sam Altman is probably not sleeping well," he added.
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.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">The biggest revelation from Deepseek is that Open Source has won. For a 1% difference in performance, it will be difficult for OpenAI to justify its price when the competition is free and formidable. -from my interview with Bloomberg <a href="https://t.co/7DiaMZ5GWw">pic.twitter.com/7DiaMZ5GWw</a>
&mdash; Kai-Fu Lee (@kaifulee) <a href="https://twitter.com/kaifulee/status/1903277837978833170?ref_src=twsrc%5Etfw">March 22, 2025</a></blockquote>
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Why It's Important: The open source vs. closed source AI model debates have also <a href="https://www.benzinga.com/news/24/07/39925842/elon-musk-agrees-with-arch-rival-mark-zuckerberg-after-meta-ceo-slams-closed-providers-like-openai-f">drawn support from key figures</a> like Elon Musk and Meta Platforms, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>) CEO Mark Zuckerberg, who have both voiced support for more transparent development in AI.
Last year, Google introduced Gemma, a new family of open-source AI models. It is based on the same research and technology behind Gemini, Google&#8217;s <a href="https://www.benzinga.com/media/25/02/43683647/ex-google-ceo-eric-schmidt-warns-if-west-doesnt-get-its-act-together-on-open-source-ai-china-will-become-the-leader-if-we-dont-do-something">proprietary closed-source AI model</a> that powers the Gemini chatbot (formerly Bard).
In January, DeepSeek's open-source models, including its R1 release, disrupted the market—<a href="https://in.benzinga.com/markets/equities/25/03/44350873/nvidia-faces-new-ai-challenge-as-chinese-start-up-unveils-framework-to-cut-reliance-on-its-gpus">triggering a $593 billion</a> selloff in Nvidia Corporation's (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) market cap.
Last month, <a href="https://in.benzinga.com/markets/25/02/43878215/chinas-deepseek-to-open-source-key-code-repositories-in-a-bid-for-full-transparency">DeepSeek announced its decision</a> to open-source five of its code repositories. For many tech companies, open-sourcing code is a major decision, as these repositories often contain crucial intellectual property.
This approach stands in stark contrast to OpenAI, which has maintained a closed-source strategy.
Despite mounting competition from DeepSeek, ChatGPT remains widely popular. According to OpenAI's Chief Operating Officer, Brad Lightcap, the platform saw a 33% increase in users since December and now boasts over 400 million weekly active users as of February.
Image via Shutterstock
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>.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/news/legal/25/03/44344993/apple-reportedly-fights-uk-governments-unacceptable-encryption-order-behind-closed-doors-no-press-or-public-allowed" target="_blank" rel="noreferrer noopener">Apple Reportedly Fights UK Government's ‘Unacceptable' Encryption Order Behind Closed Doors — No Press Or Public Allowed</a></li>
</ul>

Media

GOOG

GOOGL

NVDA

Former Google China Head Bets Big On DeepSeek: 01.AI Founder Explains Why 'Sam Altman Is Probably Not Sleeping Well'

As Palantir Technologies Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PLTR#NYSE">PLTR</a>) stock soars 20.97% year-to-date, Harvard professor and economist Jason Furman has delivered a measured critique of CEO Alex Karp&#8216;s new book, arguing it prioritizes cultural solutions over concrete policy recommendations.
What Happened: Furman wrote on X that &#8220;The Technological Republic&#8221; by Karp and Palantir Office of the CEO Nicholas Zamiska &#8220;advocates closer link between government and tech to solve big problems from defense to climate,&#8221; but criticized that &#8220;their solution rests on culture, is contemptuous of markets and disinterested in government policy.&#8221;
In his detailed review, Furman described the book as &#8220;perhaps the most cultural argument I have read about what has gone wrong with big tech and how to fix it.&#8221; He noted Karp and Zamiska want Silicon Valley to mirror their approach: patriotic Americans supporting national interests rather than focusing solely on consumer products.
The book argues that &#8220;the software industry should rebuild its relationship with government&#8221; to address pressing challenges, but Furman found himself &#8220;waiting for policy solutions&#8221; that never materialized. Instead, the authors offer cultural shifts as the primary remedy.
&#8220;I find myself in sympathy with many of their cultural arguments,&#8221; Furman acknowledged but questioned their &#8220;disdain for a classical liberal conception of capitalism&#8221; and lack of concrete governmental policy proposals.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">The Technological Republic by Alexander Karp &amp; Nicholas Zamiska advocates closer link btwn govt &amp; tech to solve big problems from defense to climate. But their soln rests on culture, is contemptuous of markets &amp; disinterested in govt policy. My review <a href="https://t.co/8A9cu0HH9Y">https://t.co/8A9cu0HH9Y</a>
&mdash; Jason Furman (@jasonfurman) <a href="https://twitter.com/jasonfurman/status/1903891895513686084?ref_src=twsrc%5Etfw">March 23, 2025</a></blockquote>
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</figure>
See Also: <a href="https://www.benzinga.com/markets/25/03/44451565/mohamed-el-erian-says-week-ahead-packed-with-data-for-global-markets-as-feds-inflation-measure-central-bank-moves-and-chinas-outlook-dominate">Mohamed El-Erian Says Week Ahead &#8216;Packed&#8217; With Data For Global Markets As Fed&#8217;s Inflation Measure, Central Bank Moves, And China&#8217;s Outlook Dominate</a>
Why It Matters: The book&#8217;s timing is notable as Palantir&#8217;s market capitalization has surged to $207 billion, exceeding traditional defense contractor Lockheed Martin Corp. Wedbush Securities analyst Dan Ives has dubbed Palantir the &#8220;Messi of AI,&#8221; predicting 2025 will be a breakout year for <a href="https://www.benzinga.com/markets/equities/24/12/42546044/alex-karp-jokes-about-cult-label-as-stanley-druckenmiller-praises-his-book-after-palantir-soars-nearly-350-in-2024">the company&#8217;s AI platform</a>.
Karp, whose Palantir holdings recently <a href="https://in.benzinga.com/media/25/03/44275158/palantir-ceo-becomes-top-earning-tech-boss-as-ai-stock-soars-216-report">surged to $12.8 billion from $2.2 billion</a> at the beginning of 2024, has emerged as the highest-earning U.S. tech CEO. The company is set to join the S&amp;P 100 index, solidifying its remarkable rise during the AI boom and following President Donald Trump&#8216;s return to the presidency.
Price Action: Palantir closed at $90.96 on Friday, up 4.09% for the day. In after-hours trading, the stock rose slightly to $91.21, gaining an additional 0.27%, according to <a href="https://pro.benzinga.com/dashboard">data from Benzinga Pro</a>. Over the past year, Palantir&#8217;s stock has surged 271.11%.
Benzinga <a href="https://www.benzinga.com/quote/PLTR">Edge Rankings</a> tell the full story about why Palantir enjoys a premium valuation. Check out momentum and growth scores here
<figure class="wp-block-image aligncenter size-full"><img decoding="async" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/03/23232012/Screenshot-2025-03-24-at-8.49.26%E2%80%AFAM.png" alt="" class="wp-image-837486" /></figure>
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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.

Equities

PLTR

Palantir CEO Alex Karp's 'Technological Republic' Vision Faces Harvard Economist's Critique: 'Contemptuous Of Markets'

Renowned economist&nbsp;Peter Schiff&nbsp;expressed doubts on Saturday that China would engage in a Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) buying competition with the U.S., a view previously espoused by Senator&nbsp;Cynthia Lummis&nbsp;(R-WY).
What Happened:&nbsp;Schiff took to X, questioning the <a href="https://x.com/CynthiaMLummis/status/1882123046712201663">narrative </a>of a potential Bitcoin &#8216;arms race&#8217; between the U.S. and China. 
&#8220;In January, Cynthia Lummis said&nbsp;that she thought China would&nbsp;get into the equivalent of&nbsp;an arms race with the&nbsp;U.S. over which nation could&nbsp;buy the most Bitcoin. I&nbsp;doubt it, especially if China&nbsp;was smart enough to have&nbsp;sold all of its Bitcoin&nbsp;during that month,&#8221; Schiff wrote.
The Bitcoin critic referenced a January report that detailed the Asian giant&#8217;s potential sale of nearly $20 billion in seized Bitcoin, although the claims have yet to be confirmed.
<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">In Jan. <a href="https://twitter.com/CynthiaMLummis?ref_src=twsrc%5Etfw">@CynthiaMLummis</a> said that she thought China would get into the equivalent of an arms race with the U.S. over which nation could buy the most Bitcoin. I doubt it, especially if China was smart enough to have sold all of its Bitcoin during that month.<a href="https://t.co/rK1pjcETLK">https://t.co/rK1pjcETLK</a>
&mdash; Peter Schiff (@PeterSchiff) <a href="https://twitter.com/PeterSchiff/status/1903506724960559252?ref_src=twsrc%5Etfw">March 22, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
According to <a href="https://bitcointreasuries.net/">data </a>from Bitcoin Treasuries, China is the second-largest government holder of Bitcoin behind the U.S., with 190,000 BTC, worth $16.33 billion as of this writing.
While cryptocurrency trading and mining remain banned in China, rumors have floated around that the country has been&nbsp;<a href="https://in.benzinga.com/25/03/44100824/china-working-behind-closed-doors-to-create-strategic-bitcoin-reserve-says-bitcoiner-who-orange-pilled-trump" target="_blank" rel="noreferrer noopener">working behind closed doors</a>&nbsp;to create a Strategic Bitcoin Reserve on the lines of the U.S.
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/markets/cryptocurrency/25/03/44390616/cathie-wood-believes-most-memecoins-wont-face-fearsome-declines-end-up-becoming-collectors-items">Cathie Wood Believes Most Memecoins Will Face &#8216;Fearsome Declines,&#8217; But They Could End Up Becoming Collector&#8217;s Items</a>
Why It Matters:&nbsp; Schiff&#8217;s comments added to his ongoing critique of Bitcoin and the U.S. government&#8217;s approach to the leading cryptocurrency. He <a href="https://www.benzinga.com/markets/cryptocurrency/25/03/44444273/peter-schiff-says-strategic-bitcoin-reserve-is-a-scam-to-lure-americans-into-buying-more-c">previously warned</a> that a Strategic Bitcoin Reserve could lead to more Americans losing money in cryptocurrency than in any other speculative mania in history.
He also predicted that the<a href="https://in.benzinga.com/25/03/44157760/peter-schiff-predicts-a-bitcoin-strategic-reserve-will-accelerate-dollars-demise-the-ultimate-winner-will-be-gold"> reserve could accelerate the demise of the U.S. dollar</a>, with gold emerging as the ultimate winner.
In fact, Schiff even established his own strategic Bitcoin reserve, pledging not to sell any of it as a way to<a href="https://www.benzinga.com/markets/cryptocurrency/25/03/44212604/peter-schiff-establishes-personal-strategic-bitcoin-reserve-vows-not-to-sell-going-down-wi"> mock</a> President Donald Trump&#8217;s declaration. As per on-chain data, the so-called reserve holds $4,534.24 in Bitcoin at the time of writing.
Price Action: At the time of writing, Bitcoin was exchanging hands at $86,078.93, up 2.36% 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>.
Image via Shutterstock
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</ul>

Bitcoin Arms Race: Peter Schiff Doubts Cynthia Lummis' Theory That China Wants To Take On US — 'Smart Enough To Have Sold'

As SpaceX continues to dominate <a href="https://www.benzinga.com/general/space/25/02/44039545/chinas-tiangong-space-station-to-host-first-non-chinese-astronaut-in-coming-years-pakistan-selected-report">the global space race</a>, Chinese startups are accelerating efforts to catch up—with backing from President Xi Jinping and bold predictions that they'll surpass Elon Musk's company by 2030.
What Happened: At least six <a href="https://www.benzinga.com/news/24/02/36948275/chinas-orienspace-aims-to-rival-elon-musks-spacex-with-reusable-rockets-by-2026">reusable Chinese rockets</a> are expected to launch this year, signaling a turning point for China's commercial space sector, <a href="https://www.wsj.com/world/china/chinas-own-elon-musks-are-racing-to-catch-up-to-spacex-74b02a95?mod=hp_lista_pos3">reported</a> the Wall Street Journal.
LandSpace Technology became the first company in the world to launch a rocket powered by liquid oxygen and methane in 2023—before SpaceX used the same fuel for its Starship rocket.
Deep Blue Aerospace, founded by a former state-owned rocket engineer, plans to test a reusable booster this year and aims to launch space tourism flights by 2027, selling tickets for over $100,000 each.
Huo believes Chinese firms can match or surpass SpaceX within five years.
See Also: <a href="https://www.benzinga.com/media/25/03/44450206/elon-musks-late-night-pep-talk-teslas-delivery-woes-and-more">Elon Musk&#8217;s Late-Night Pep Talk, Tesla&#8217;s Delivery Woes, And More: This Week In Mobility</a>
Since 2014, China has encouraged private companies to enter the space sector, which was previously dominated by state-owned enterprises (SOEs).
Lincoln Hines, an assistant professor at Georgia Tech said, &#8220;If China continues to have this bloated state-driven industry, it can do these enormous feats like going to the far side of the moon or placing humans in space, but can it innovate and compete with the United States?&#8221;
Why It's Important: SpaceX currently dominates with reusable rockets and over 7,000 Starlink satellites. Since Musk's company is constantly advancing its technology, China faces an uphill battle in closing the gap, the report noted, citing experts.
China had some setbacks also, including a failed launch by the private company Space Pioneer last year that led to damage in a local area.
In a rare meeting with tech CEOs and executives in February, the Chinese President underscored the need for a competitive private sector to foster growth and innovation—a strategy now extending to the space industry.
China is already competing for <a href="https://www.benzinga.com/news/23/10/35528955/china-hopes-to-find-its-own-spacex-pledges-financial-support-to-space-startups">international satellite launch</a> contracts. In November 2023, a Chinese state-owned company launched a satellite for Oman.
China has two competitors to SpaceX's Starlink <a href="https://www.benzinga.com/news/24/08/40210259/china-challenges-elon-musks-spacex-starlink-with-its-own-internet-satellites-plans-to-deploy-648-sat">satellite internet network</a>—Guowang and Thousand Sails.&nbsp;
Last week, SpaceX became <a href="https://in.benzinga.com/markets/25/03/44436944/spacex-dethrones-tesla-as-elon-musks-most-valuable-asset-for-the-first-time-since-2019-report">Musk&#8217;s most valuable asset</a>, surpassing Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) as the latter's stock faced a downturn.
SpaceX&#8217;s Dragon capsule has also recently <a href="https://in.benzinga.com/general/space/25/03/44391875/sunita-williams-butch-wilmore-return-to-earth-on-spacex-dragon-capsule-after-286-days-in-space-nasa-astronauts-to-undergo-health-checks">completed a successful mission</a>, bringing NASA astronauts back to Earth after an extended stay on the International Space Station. 
Image via Shutterstock.com
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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.

TSLA

Elon Musk's SpaceX Can Be Beaten By 2030, Says Chinese Rival As Xi Jinping Bets Big On Reusable Rockets

Official Trump (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/">TRUMP</a>) dramatically surged Sunday after none other than President Donald Trump promoted the meme coin on social media.
What happened: The Solana (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/sol/usd">SOL</a>)-based token ripped over 11% within an hour after Trump posted from his Truth Social account, "I LOVE $TRUMP — SO COOL!!! The Greatest of them all!!!!!!!!!!!!!!!!"
<figure class="wp-block-image size-full is-resized"><img loading="lazy" decoding="async" width="606" height="147" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/03/23222823/Screenshot-2025-03-24-at-11.28.01.png" alt="" class="wp-image-837453" style="width:920px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/03/23222823/Screenshot-2025-03-24-at-11.28.01.png 606w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/03/23222823/Screenshot-2025-03-24-at-11.28.01-300x73.png 300w" sizes="(max-width: 606px) 100vw, 606px" /></figure>
Screenshot from Donald Trump&#8217;s Truth Social Account
However, as with the two-month-old coin&#8217;s previous swings, it couldn&#8217;t sustain the rally for long, plummeting back into the $11 zone.
That said, TRUMP remained the market's third-biggest gainer in the last 24 hours, rising over 7%. Moreover, its trading volume skyrocketed 288% to $1.22 billion, becoming the most traded meme coin on the day.
The fluctuating price action became the undoing of an investor who previously profited from the meme coin.
According to Lookonchain, the whale scooped $5 million in TRUMP immediately after Trump's Truth Social post. However, they sold an hour later, losing $207,000.
The investors had previously walked away with nearly $108 million in profit betting on TRUMP.
<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">The whale who once made ~$108M on <a href="https://twitter.com/search?q=%24TRUMP&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$TRUMP</a> lost $207K in just one hour yesterday. He spent 5M <a href="https://twitter.com/search?q=%24USDC&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$USDC</a> to buy <a href="https://twitter.com/search?q=%24TRUMP&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$TRUMP</a> right after <a href="https://twitter.com/realDonaldTrump?ref_src=twsrc%5Etfw">@realDonaldTrump</a> posted "I LOVE <a href="https://twitter.com/search?q=%24TRUMP&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$TRUMP</a>," then sold an hour later—taking a $207K loss. This is the same whale who previously spent 1.09M <a href="https://twitter.com/search?q=%24USDC&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$USDC</a> to buy 5.97M… <a href="https://t.co/uOAzhPgkVM">pic.twitter.com/uOAzhPgkVM</a>
&mdash; Lookonchain (@lookonchain) <a href="https://twitter.com/lookonchain/status/1903989438793093315?ref_src=twsrc%5Etfw">March 24, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
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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/markets/cryptocurrency/25/03/44390616/cathie-wood-believes-most-memecoins-wont-face-fearsome-declines-end-up-becoming-collectors-items">Cathie Wood Believes Most Memecoins Will Face &#8216;Fearsome Declines,&#8217; But They Could End Up Becoming Collector&#8217;s Items</a>
Why It Matters: Widely followed trader Eliant Capital took a swipe at Trump's promotion of his meme coin.
"Trump "apparently" doesn't care about the stock market &amp; isn't watching markets, but he cares about TRUMP coin," Eliant Capital stated, referencing the president's<a href="https://www.benzinga.com/markets/25/03/44370387/fed-put-on-standby-while-trump-put-may-be-kaput-analysts-expect-jerome-powell-to-pivot-to-a-measured-stance-amid-economic-uncertainty"> previous statements</a> on recession and markets.
<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">Trump "apparently" doesn't care about the stock market &amp; isn't watching markets, but he cares about TRUMP coin <a href="https://t.co/pt5omuicX2">pic.twitter.com/pt5omuicX2</a>
&mdash; Eliant Capital (@eliant_capital) <a href="https://twitter.com/eliant_capital/status/1903854996937941079?ref_src=twsrc%5Etfw">March 23, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
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TRUMP, whose majority supply is controlled by entities linked to The Trump Organization, has <a href="https://in.benzinga.com/markets/cryptocurrency/25/03/44335357/donald-trumps-official-meme-coin-worth-14-5-billion-on-inauguration-day-is-down-to-2-3-billion">collapsed nearly 85%</a> from its all-time high set ahead of Trump&#8217;s inauguration in January.
Moreover, since its market peak at $75.35, nearly $65 billion in fully diluted market valuation has been eroded.
Price Action: At the time of writing, TRUMP was exchanging hands at $11.58, up 7% 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>.&nbsp;
Benzinga Note: Memecoins, especially those lacking community support and utility, are highly speculative investments, prone to wild swings in short periods. 
Image via Shutterstock
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Movers

Trading Ideas

Trump Meme Coin Spikes, Retreats After POTUS Takes To Truth Social For 'Greatest of Them All' Post — Whale Takes Losses

Allianz Chief Economic Advisor Mohamed El-Erian outlined a packed week ahead for global markets, with inflation readings, central bank activity, and international developments taking center stage.
What Happened: The Federal Reserve&#8217;s preferred inflation measure, February Personal Consumption Expenditures data, tops the U.S. economic calendar amid ongoing stagflation concerns. Markets will closely analyze this report following Fed Chairman Jerome Powell&#8216;s decision to keep interest rates <a href="https://in.benzinga.com/economics/macro-economic-events/25/03/44403637/fed-holds-rates-while-growth-forecasts-slip-inflation-projections-rise">unchanged at 4.25%-4.50% last week</a>, despite projecting two rate cuts in 2025.
&#8220;The week ahead for the global economy and markets is packed with data releases,&#8221; El-Erian wrote Sunday on X. U.S. investors should also monitor durable goods data, trade, the final University of Michigan consumer sentiment, and multiple speeches from Fed officials.
Key Fed events include Governor Michael Barr's speech on small business lending on Monday and banking policy on Friday. 
European markets face their own catalysts with the UK&#8217;s Spring fiscal statement and inflation data, Germany&#8217;s IFO business confidence index, and Eurozone PMI figures all due for release.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">The week ahead for the global economy and markets is packed with data releases. The US will publish the February PCI inflation, the Federal Reserve&#39;s favorite inflation gauge. Also, look for: Durable goods data, trade, the final UMich consumer sentiment, and lots of Fedpeak.…
&mdash; Mohamed A. El-Erian (@elerianm) <a href="https://twitter.com/elerianm/status/1903817561092849731?ref_src=twsrc%5Etfw">March 23, 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/news/25/03/44449186/trump-said-3-months-ago-federal-minimum-wages-dont-work-now-hes-slashed-bidens-17-75-minimum-for-federal-contractors-to-state-minimums" target="_blank" rel="noreferrer noopener">Trump Said 3 Months Ago Federal Minimum Wages Don't Work—Now He's Slashed Biden's $17.75 Minimum For Federal Contractors To State Minimums</a>
Why It Matters: In Asia, markets will scrutinize comments from China&#8217;s Premier Li Qiang about being &#8220;ready to deal with shocks that exceed expectations&#8221; – particularly significant as China <a href="https://in.benzinga.com/news/global/25/03/44448798/china-ponders-export-limitations-to-quell-trumps-trade-onslaught">contemplates export limitations amid escalating trade tensions with the U.S</a>. Additional Purchasing Managers&#8217; Index data from Australia, India, and Japan will provide further insights into regional economic health.
The week caps with Brazil releasing its central bank minutes. 
This economic data arrives as Bridgewater Associates founder Ray Dalio warns of an <a href="https://www.benzinga.com/25/03/44345022/ray-dalio-has-a-chilling-warning-for-president-trump-debt-crisis-is-imminent-and-an-issue-of-paramount-importance">imminent U.S. debt crisis</a>, citing the debt-to-GDP ratio reaching 122%. Meanwhile, Fundstrat&#8217;s Tom Lee sees <a href="https://in.benzinga.com/analyst-ratings/analyst-color/25/03/44440083/tom-lee-predicts-stock-market-rebound-amid-tariff-fed-policy-shifts">potential for market recovery</a>, drawing parallels to 2018&#8217;s tariff-induced volatility while noting today&#8217;s more accommodative Fed policy stance.
Treasury Secretary Scott Bessent, despite identifying as a &#8220;deficit hawk,&#8221; has <a href="https://www.benzinga.com/25/03/44396136/treasury-secretary-scott-bessent-calls-himself-a-deficit-hawk-but-has-to-coax-gop-against-aggressive-cuts-says-he-is-completely-aligned-with-elon-musk-on-doge">discussed challenges in balancing economic priorities</a> under President Donald Trump&#8216;s administration.
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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.

Mohamed El-Erian Says Week Ahead 'Packed' With Data For Global Markets As Fed's Inflation Measure, Central Bank Moves, And China's Outlook Dominate

Jeremy Clarkson has declared a long-awaited victory over Elon Musk after 17 years. The former &#8220;Top Gear&#8221; host had previously faced a lawsuit from Musk following a critical review of a Tesla vehicle in 2008.
What Happened: Clarkson&#8217;s review described the car as unreliable, expensive, and poorly handling. Musk sued for defamation, claiming bias against electric vehicles, but ultimately lost the case and its appeal. Clarkson humorously expressed relief at the recent backlash against Tesla, noting that eco-conscious individuals who once praised Musk are now turning against his cars, <a href="https://www.thetimes.com/comment/columnists/article/seventeen-years-after-that-nice-mr-musk-sued-me-victory-is-mine-z6m5lq90t">according</a> to The Sunday Times.
Clarkson wrote, &#8221; I'd love to remind all you Tesla drivers that I warned you 17 years ago that no good would come of your buying choice. But you didn't listen. You chose to believe Mr Musk.&#8221;
Reports indicate that Tesla vehicles are being vandalized globally, with incidents in Belfast, Germany, and Las Vegas. The company&#8217;s stock valuation has reportedly dropped from $1.7 trillion to $800 billion, impacting Musk&#8217;s ability to fund ventures like SpaceX. Clarkson remarked on the irony of Musk being criticized by those who once idolized him, stating, &#8220;I was always scrupulously fair with my car reviews. Musk claimed I wasn't. And this is his payback.&#8221;
See Also: <a href="https://www.benzinga.com/markets/25/03/44450464/fbi-alerts-public-over-increasing-tesla-property-attacks">FBI Alerts Public Over Increasing Tesla Property Attacks</a>
Why It Matters: Tesla insurance <a href="https://in.benzinga.com/markets/equities/25/03/44432174/tesla-owners-might-have-to-pay-more-for-insurance-amid-a-surge-in-attacks-on-elon-musk-led-ev-giants-vehicles-expert">premiums could increase</a> as vandalism against its vehicles surges, driven by backlash against Musk. Incidents like arson and shootings have raised concerns among insurance experts, who warn that comprehensive coverage rates may rise if the trend continues.
The long-standing tension between Jeremy Clarkson and Elon Musk has resurfaced amidst changing public perceptions of Tesla. This comes at a time when Tesla&#8217;s stock has seen significant fluctuations, impacting its market valuation. The recent backlash against Tesla vehicles, as highlighted by Clarkson, underscores a shift in sentiment among environmentally conscious consumers who once championed Musk&#8217;s vision.
Adding to the discourse, fellow former &#8220;Top Gear&#8221; host James May recently shared his thoughts on Tesla&#8217;s Cybertruck, describing it as &#8220;too big&#8221; for his liking, yet <a href="https://www.benzinga.com/news/24/09/40849409/former-top-gear-host-james-may-thinks-a-vehicle-the-size-of-a-fiat-panda-but-styled-like-tesla-cyber">admitting a certain appeal</a>.
Photo Courtesy: Cristiano Barni on Shutterstock.com
Check out more of Benzinga&#8217;s Future Of Mobility coverage by <a href="https://www.benzinga.com/topic/mobility" target="_blank" rel="noreferrer noopener">following this link.</a>
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</ul>
This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/author/shivdeep-dhaliwal" target="_blank" rel="noreferrer noopener">Shivdeep Dhaliwal</a>

Jeremy Clarkson Claims Victory Over Elon Musk After 17 Years Amid Tesla Vandalism: Warned You 'No Good Would Come Of Your Buying Choice'

Leading cryptocurrencies gained Sunday amid hints the U.S. government would use gold reserves to fund Bitcoin purchases.
<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>+2.66%</td>
<td>$86,262.05</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>+1.41%</td>
<td>$2,013.81</td>
</tr>
<tr>
<td>Dogecoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/doge/usd">DOGE</a>)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</td>
<td>+3.73%</td>
<td>$0.1739</td>
</tr>
</tbody>
</table>
</figure>
What Happened: The apex cryptocurrency rose to an intraday high of $86,632.21 in the overnight hours, while Ethereum wiggled in the $2,000 region for most of the day.
The spike comes after Bo Hines, the executive director of the President's Council of Advisers on Digital Assets, <a href="https://www.benzinga.com/markets/cryptocurrency/25/03/44450232/white-house-says-gold-reserves-may-be-used-to-purchase-bitcoin">suggested in an interview </a>that the U.S. could capitalize on the gains from its gold holdings to purchase more Bitcoin.
The two blue-chip currencies have demonstrated divergent trajectories in March. While Bitcoin has gained 1.94% since the month began, its younger sibling has plunged over 10%.&nbsp;
Additionally, Bitcoin's market dominance has remained at 60%, while Ethereum's share has shrunk from 9.4% to 8.6%.
The spike resulted in the liquidation of $143 million from the cryptocurrency market in the past 24 hours, with short liquidations accounting for $91 million.
Bitcoin's Open Interest surged 5.43% in the last 24 hours. Interestingly, the majority of futures traders were positioned short as of this writing, according to the Long/Short ratio, suggesting that a pullback might be in the works.
The market sentiment remained in the "Fear" region, 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>Fartcoin (FARTCOIN)</td>
<td>+24.45%</td>
<td>$0.5551</td>
</tr>
<tr>
<td>Bonk (BONK)</td>
<td>+11.34%</td>
<td>$0.00001353</td>
</tr>
<tr>
<td>Four (FORM)</td>
<td>+9.12%</td>
<td>$1.96</td>
</tr>
</tbody>
</table>
</figure>
The global cryptocurrency market capitalization stood at $2.81 trillion, following an increase of&nbsp; 1.95% over the previous day.
Stock futures edged higher in Sunday overnight trading. The Dow Jones Industrial Average Futures rose 190 points, or 0.45%, as of 8:39 p.m. EDT.&nbsp; Futures tied to the S&amp;P 500 gained 0.62%, while Nasdaq 100 Futures added 0.78%.
The rally followed a positive week for stocks, with the Dow and the S&amp;P 500 gaining 0.77% and 0.079%, respectively, amid <a href="https://in.benzinga.com/25/03/44437504/feds-goolsbee-urges-patience-as-trumps-tariffs-stir-fears-of-stagflation-we-need-to-be-careful-when-you-say-transitory">anxiety over a potential economic slowdown</a> triggered by President Donald Trump&#8217;s tariff policies.
The rally followed a winning week for stocks, with the Dow Jones Industrial Average dipped 11.31 points, or 0.03%, to close at 41,953.32. The S&amp;P 500 fell 0.22% lower at 5,675.29. The tech-focused Nasdaq Composite slid 0.33%, ending at 17,691.63.
See More: <a href="https://www.benzinga.com/money/best-crypto-scanners">Best Cryptocurrency Scanners</a>
Analyst Notes: Influential cryptocurrency analyst and trader Ali Martinez pointed out areas of interest on Bitcoin's price chart.&nbsp;
"Support from $82,590 to $85,150, where 1.16 million investors bought 625,000 BTC," Martinez highlighted.&nbsp;
He also drew attention to the key resistance level between $95,400 and $97,970, where 1.77 million investors bought 1.44 million BTC.
<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">Key levels to watch for <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw">#Bitcoin</a>: &#8211; Support from $82,590 to $85,150, where 1.16 million investors bought 625,000 <a href="https://twitter.com/hashtag/BTC?src=hash&amp;ref_src=twsrc%5Etfw">#BTC</a>. &#8211; Resistance from $95,400 to $97,970, where 1.77 million investors bought 1.44 million <a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$BTC</a>. <a href="https://t.co/CPPgKuDfOm">pic.twitter.com/CPPgKuDfOm</a>
&mdash; Ali (@ali_charts) <a href="https://twitter.com/ali_charts/status/1903913140313624868?ref_src=twsrc%5Etfw">March 23, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Another well-known trader, Crypto Feras, stated that Ethereum must retake $2150 as support; otherwise, the recent spike would be considered a bearish retest.
"A successful reclaim can ultra send it towards $2.8 and $4k as well, but it needs to happen first. Otherwise, $1539 is next," the trader predicted.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true"><a href="https://twitter.com/hashtag/Etherum?src=hash&amp;ref_src=twsrc%5Etfw">#Etherum</a> <a href="https://twitter.com/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$ETH</a> needs to reclaim 2150$ area as a support again, otherwise we are just heading towards another bearish retest. a successful reclaim can ultra send it towards 2.8 &amp; 4k as well. but it needs to happen first, otherwise 1539$ is next<a href="https://twitter.com/search?q=%24ethusd&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$ethusd</a> <a href="https://twitter.com/hashtag/ethusdt?src=hash&amp;ref_src=twsrc%5Etfw">#ethusdt</a> <a href="https://twitter.com/hashtag/Altcoins?src=hash&amp;ref_src=twsrc%5Etfw">#Altcoins</a> <a href="https://t.co/9VAyYw9WAN">pic.twitter.com/9VAyYw9WAN</a>
&mdash; Crypto Feras  (@CryptoFeras) <a href="https://twitter.com/CryptoFeras/status/1903973472151466085?ref_src=twsrc%5Etfw">March 24, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Photo by Avi Rozen on Shutterstock
Read Next:    
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<li><a href="https://www.benzinga.com/markets/cryptocurrency/25/03/44450707/crypto-community-buzzes-as-250-million-bitcoin-whale-returns-from-hibernation-is-it-a-good-sign">Crypto Community Buzzes as $250 Million Bitcoin Whale Returns from Hibernation, Is It A Good Sign?</a></li>
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Bitcoin, Ethereum, Dogecoin Rise As White House Official Hints At Gold-Powered BTC Purchases: Analyst Says Watch Out For These Key BTC Levels

Minnesota Gov. Tim Walz has clarified his recent comments about Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) stock, calling his remarks a joke after facing sharp criticism from investors who pointed out Minnesota&#8217;s significant holdings in the company.
What Happened: Speaking at an <a href="https://www.youtube.com/watch?v=32WRXEWQV30">event</a> in New York, Walz acknowledged his prior statements about checking Tesla&#8217;s declining stock for a &#8220;boost&#8221; amid Elon Musk&#8216;s involvement with President Donald Trump administration&#8217;s Department of Government Efficiency (DOGE).
&#8220;I have to be careful about being a smart&#x2A;&#x2A;s. I was making a joke,&#8221; Walz said. &#8220;These people have no sense of humor.&#8221;
The governor&#8217;s initial comments drew immediate backlash, particularly from &#8220;Shark Tank&#8221; investor Kevin O&#8217;Leary, who called the remarks &#8220;beyond stupid&#8221; given Minnesota&#8217;s State Board of Investments reported ownership of 1.6 million Tesla <a href="https://www.benzinga.com/markets/25/03/44429717/kevin-oleary-blasts-tim-walzs-dig-at-tesla-stock-hes-mocking-a-company-his-own-pension-fund-invests-in">shares in its retirement fund</a>.
&#8220;That poor guy didn&#8217;t check his portfolio and his own pension plan for his state,&#8221; O&#8217;Leary said in a CNN segment. &#8220;What&#8217;s the matter with that guy? He doesn&#8217;t check the well-being of his own constituents? What a bozo.&#8221;
See Also: <a href="https://www.benzinga.com/news/25/03/44449186/trump-said-3-months-ago-federal-minimum-wages-dont-work-now-hes-slashed-bidens-17-75-minimum-for-federal-contractors-to-state-minimums">Trump Said 3 Months Ago Federal Minimum Wages Don&#8217;t Work—Now He&#8217;s Slashed Biden&#8217;s $17.75 Minimum For Federal Contractors To State Minimums</a>
Why It Matters: Walz, who ran alongside former Vice President Kamala Harris in the 2024 presidential election, has emerged as a vocal critic of both Musk and the Trump administration. During his New York appearance, he criticized Musk&#8217;s wealth management.
&#8220;If I&#8217;m the richest man in the world, I&#8217;m like out on the streets handing out money. It&#8217;d be fun as hell just to help people out,&#8221; Walz said. &#8220;Not this guy.&#8221;
Tesla shares have struggled in 2025, dropping 34.43% year-to-date amid concerns over vehicle demand, pricing pressures, and a reported $1.4 billion <a href="https://in.benzinga.com/markets/equities/25/03/44410602/elon-musks-tesla-faces-1-4-billion-discrepancy-in-capital-expenditure-report">discrepancy in capital expenditures</a>. The company&#8217;s market valuation has fallen from $1.7 trillion to under $800 billion.
Read Next: 
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<li><a href="https://www.benzinga.com/news/25/03/44450807/zuckerberg-says-2025-will-be-the-year-an-ai-assistant-hits-1-billion-users-and-he-wants-it-to-be-meta-ai">Zuckerberg Says 2025 Will Be The Year An AI Assistant Hits 1 Billion Users—And He Wants It To Be Meta AI</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.

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